Document:

Form of Restricted Stock Award Agreement

  
 Exhibit 10(iii)A(55)

 ZEP INC. 
 2010 OMNIBUS INCENTIVE PLAN 
 RESTRICTED STOCK AWARD AGREEMENT

 FOR NONEMPLOYEE DIRECTORS 
 THIS AGREEMENT, made and entered into as of October 5, 2010 by and between Zep Inc., a Delaware corporation, (the “Company”) and Earnest W. Deavenport, Jr. (“Grantee”).

 W • I • T • N • E • S • S • E
• T • H      T • H • A • T: 

WHEREAS, the Company maintains the Zep Inc. Omnibus Incentive Plan (the “Plan”), and Grantee has been selected by the Committee
to receive a Restricted Stock Award under the Plan; 
 NOW, THEREFORE, IT IS AGREED, by and between the Company and Grantee, as
follows: 
 1.     Award of Restricted Stock 

1.1  The Company hereby grants to Grantee an award of 2,503 Shares of restricted stock (“Restricted Stock”), subject
to, and in accordance with, the restrictions, terms, and conditions set forth in this Agreement and the Plan. The grant date of this award of Restricted Stock is October 5, 2010 (the “Grant Date”). 

1.2  This Agreement shall be construed in accordance with, and subject to, the provisions of the Plan (the provisions of which
are incorporated herein by reference) and, except as otherwise expressly set forth herein, the capitalized terms used in this Agreement shall have the same definitions as set forth in the Plan. 

1.3  This award of Restricted Stock is conditioned upon Grantee’s acceptance of the terms of this Agreement, as evidenced
by Grantee’s execution of this Agreement or by Grantee’s electronic acceptance of the Agreement in a manner and during the time period allowed by the Company. If the terms of this Agreement are not timely accepted by the execution or by
such electronic acceptance, the award of Restricted Stock may be cancelled by the Committee. 

2.     Restrictions 
 2.1  Subject to Sections 2.3 and 2.4 below, if the Grantee remains in service as a Director of the Company, the Restricted Stock shall vest on the first anniversary of the Grant Dates (the
“Vesting Date”): 
 2.2  Except as otherwise provided below, on the Vesting Date, Grantee shall own the
Vested Shares of Restricted Stock free and clear of all restrictions imposed by this Agreement (except those imposed by Section 3.4 below). The Company shall transfer the Vested Shares of

 
Restricted Stock to an unrestricted account in the name of the Grantee as soon as practical after the Vesting Date. 
 2.3  In the event, prior to the Vesting Date, (i) Grantee dies while serving as a Director of the Company; (ii) Grantee has his service terminated by reason of Disability; or
(iii) Grantee voluntarily retires prior to the time his resignation in accordance with the provisions regarding retirement age set forth in the Company’s Corporate Governance Guidelines would be required, said resignation having been
accepted by the Board of Directors of the Company, any Restricted Stock shall become fully vested and nonforfeitable as of the date of Grantee’s death, Disability or the date of Grantee’s voluntary retirement. The Company shall transfer
the Shares of Restricted Stock, free and clear of any restrictions imposed by this Agreement to Grantee (or, in the event of death, his surviving spouse or, if none, to his estate) as soon as practical after his date of death or termination for
Disability. 
 2.4  Except as provided in Section 2.3, if Grantee’s service as a Director of the Company
ceases prior to the Vesting Date, the Restricted Stock shall cease to vest further and the unvested Shares of Restricted Stock shall be immediately forfeited. 
 2.5  Notwithstanding the other provisions of this Agreement, in the event of a Change in Control prior to the Vesting Date, all Shares of Restricted Stock shall become fully vested and
nonforfeitable as of the date of the Change in Control. The Company shall transfer the Shares of Restricted Stock that become vested pursuant to this Section 2.5 to an unrestricted account in the name of Grantee as soon as practical after the
date of the Change in Control. 
 2.6  The Restricted Stock may not be sold, assigned, transferred, pledged, or
otherwise encumbered prior to the date Grantee becomes vested in the Restricted Stock. 
 3.    Stock;
Dividends; Voting 
 3.1  The Restricted Stock shall be registered in the name of Grantee as of the respective
Grant Date for such Shares of Restricted Stock. The Company may issue stock certificates or evidence Grantee’s interest by using a restricted-stock book entry account with the Company’s transfer agent. Physical possession or custody of any
stock certificates that are issued shall be retained by the Company until such time as the Shares are vested in accordance with Section 2. The Company reserves the right to place a legend on such stock certificate(s) restricting the
transferability of such certificates and referring to the terms and conditions (including forfeiture) of this Agreement and the Plan. 
 3.2  The Grantee shall not be entitled to receive dividends or similar distributions with respect to Restricted Stock that is not vested or that is forfeited. The Grantee shall be entitled to
receive dividends or similar distributions if, when and as declared on vested Shares of Restricted Stock. Shares that vest after the record date, but prior to the payment date with respect to a dividend or distribution, shall be entitled to receive
the dividend or distribution. Upon the vesting of any Shares of Restricted Stock comprising a part of this Award, the Company shall either (i) pay to the Grantee an amount of cash equal to the amount of all dividends or similar distributions on
the then vesting shares of Restricted Stock (without interest) that were declared and paid between the Grant Date and the vesting date (the “Accumulated Dividends”) or (ii)

  
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apply an amount equal to the Accumulated Dividends to the payment of the amount of taxes required by any government to be withheld or otherwise deducted and paid with respect to the distribution
of the then vesting shares of Restricted Stock to the Grantee. When the Grantee accepts this Award of Restricted Stock, the Grantee shall make an irrevocable election to have the entire amount of the Accumulated Dividends applied as set forth in
clause (i) or clause (ii) of the preceding sentence. The Grantee may not elect to have part of the Accumulated Dividends applied as set forth in clause (i) and part as set forth in clause (ii). The Company shall not be required to
establish a fund or account for the Grantee with respect to the Accumulated Dividends. However, the Company shall maintain a record of the Accumulated Dividends by making appropriate entries in its accounting records. 

3.3  The Grantee shall be entitled to vote all Shares of Restricted Stock comprising this Restricted Stock Award, whether or
not vested. 
 3.4  In the event of a Material Business Event, the Committee may take any of the actions contemplated
under Section 14 of the Plan with respect to this Award and/or the Restricted Stock. 
 3.5  Grantee represents
and warrants that he is acquiring the Restricted Stock for investment purposes only, and not with a view to distribution thereof. Grantee is aware that the Restricted Stock may not be registered under the federal or any state securities laws and
that in that event, in addition to the other restrictions on the Shares, they will not be able to be transferred unless an exemption from registration is available or the Shares are registered. By making this award of Restricted Stock, the Company
is not undertaking any obligation to register the Restricted Stock under any federal or state securities laws. 

4.     No Right to Continuing Service or Additional Grants 

Nothing in this Agreement or the Plan shall be interpreted or construed to confer upon Grantee any right with respect to continuance of
service as a Director of the Company. The Plan may be terminated at any time, and even if the Plan is not terminated, Grantee shall not be entitled to any additional awards under the Plan. 

5.     Grantee Bound by the Plan 

Grantee hereby acknowledges receipt of a copy of the Plan and the prospectus for the Plan, and agrees to be bound by all the terms and
provisions thereof. 
 6.     Modification of Agreement 

This Agreement may be modified, amended, suspended, or terminated, and any terms or conditions may be waived, but only by mutual
agreement of the parties in writing. 
 7.     Severability 

Should any provision of this Agreement be held by a court of competent jurisdiction to be unenforceable or invalid for any reason, the
remaining provisions of this 

  
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Agreement shall not be affected by such holding and shall continue in full force in accordance with their terms. 
 8.     Governing Law 
 The validity,
interpretation, construction, and performance of this Agreement shall be governed by the laws of the state of Delaware without giving effect to the conflicts of laws principles thereof. 

9.     Successors in Interest 
 This Agreement shall inure to the benefit of, and be binding upon, the Company and its successors and assigns, whether by merger, consolidation, reorganization, sale of assets, or otherwise. This
Agreement shall inure to the benefit of Grantee’s legal representatives. All obligations imposed upon Grantee and all rights granted to the Company under this Agreement shall be final, binding, and conclusive upon Grantee’s heirs,
executors, administrators, and successors. 
 10.    Resolution of Disputes 

Any dispute or disagreement which may arise under, or as a result of, or in any way relate to the interpretation, construction, or
application of this Agreement shall be determined by the Committee. Any determination made hereunder shall be final, binding, and conclusive on Grantee and the Company for all purposes. 

11.    Pronouns; Including 
 Wherever appropriate in this Agreement, personal pronouns shall be deemed to include the other genders and the singular to include the plural. Wherever used in this Agreement, the term
“including” means “including, without limitation.” 
 IN WITNESS WHEREOF, the parties have executed this
Agreement as of the date first above written. 
  

			
	Zep Inc.
		
	By:	 	 
		 	John K. Morgan
		 	Chairman, President and
		 	Chief Executive Officer
		
	Grantee:	 	
		
		 	 
		 	Earnest W. Deavenport, Jr

 . 

  
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–Amended and Restated Employment Agreement

 Exhibit 10.1 
 AMENDED AND RESTATED EMPLOYMENT AGREEMENT 
 THIS AMENDED AND RESTATED EMPLOYMENT AGREEMENT (the “Agreement”), made this 11th day of October, 2010 (the
“Effective Date”), is entered into among Peter Wulff (“Executive”), Alphatec Spine, Inc., a California corporation (the “ASI”), and Alphatec Holdings, Inc., a Delaware corporation (“Parent”) (collectively, ASI
and Parent shall be referred to as the “Company”). 
 1.   Effective
Date.    This Agreement, which shall govern Executive’s employment by the Company, shall become effective on the Effective Date and the Executive’s employment pursuant to the terms of this Agreement shall begin on
the Effective Date. 
 2.   At-Will Employment.    The parties to this
Agreement agree and acknowledge that the Executive’s employment pursuant to this Agreement shall be considered at-will following the 90-day period after the Effective Date. Either party may terminate this Agreement at any time, with or without
cause pursuant to the terms of this Agreement. Similarly, the Company may change Executive’s position, responsibilities or compensation with or without cause or notice at any point. 

3.   Title; Capacity; Office.    The Company shall employ Executive, and Executive
agrees to work for the Company initially as its Senior Vice President, Strategic Initiatives. Executive shall perform the duties and responsibilities inherent in the position in which Executive serves and such other duties and responsibilities as
the President and Chief Executive Officer (or his or her designee(s)) shall from time to time reasonably assign to Executive. Executive shall report to the President and Chief Executive Officer (or his or her designee(s)). 

4.   Compensation and Benefits.    While employed by the Company, Executive shall be
entitled to the following (it being agreed, for the avoidance of doubt, that, except as provided in Section 5.2, amounts payable on the happening of any specified event will not be payable if the Executive is not employed by the Company upon
the happening of such event): 
   4.1   Salary.  Commencing on the
Effective Date, the Company shall pay Executive a salary at an annualized rate of $273,000, less applicable payroll withholdings, payable in accordance with the Company’s customary payroll practices. 

  4.2   Performance Bonus.  If Executive remains employed through the last day of a
fiscal year, Executive will be eligible to receive a discretionary cash performance bonus each fiscal year in an amount equal to 50% of the annual base salary for such fiscal year (the “Total Bonus Amount”) based on Executive’s
achievement of annual performance objectives established by the board of directors of the Company (the “Board”) or their designee(s) at the beginning of each fiscal year. If Executive does not remain employed through the end of a fiscal
year, he/she will not be eligible to receive any amount as a performance bonus. The amount of the bonus paid to the Executive shall be prorated with respect to any year in which the Executive was not a full-time employee at the start of such year.

   4.3   Reimbursement of Expenses.  Executive shall be entitled to
prompt reimbursement for reasonable expenses incurred or paid by Executive in connection with, or related to the performance of, Executive’s duties, responsibilities or services under this Agreement, upon presentation by Executive of
documentation, expense statements, vouchers and/or such other supporting information as the Company may reasonably request. Expenses that do not comply with applicable law and/or the Company’s Travel and Entertainment Policy will not be
reimbursed under any circumstances. 
   4.4   Vacation.  The Executive may
take up to four (4) weeks of paid vacation during each year. 
 5.   Termination of
Employment.    The Executive’s employment can terminate at any time with or without cause or notice: 
   5.1   Termination by the Company for Cause.  If the Company terminates Executive for Cause, the Company shall have no obligation to Executive other than for payment
of wages earned through the termination date. For purposes of this Agreement, “Cause” means any one of the following: (i) Executive being convicted of a felony; (ii) Executive committing any act of fraud or dishonesty resulting
or intended to result directly or indirectly in personal enrichment at the expense of the Company; (iii) failure or refusal by Executive to follow policies or directives reasonably established by the President and Chief Executive Officer or his
or her designee(s) that goes uncorrected after notice has been provided to Executive; (iv) a material breach of this Agreement that goes uncorrected after notice has been provided to Executive; (v) any gross or willful misconduct or gross
negligence by Executive in the performance of Executive’s duties; (vi) egregious conduct by Executive that brings Company or any of its subsidiaries or affiliates into public disgrace or disrepute; or (vii) a material violation of the
Company’s Code of Conduct. 
   5.2   Termination by the Company Without
Cause.  In the event that Executive’s employment is terminated without Cause: 

  (a)   during the time period that begins on the Effective Date and ends 180 days after the
Effective Date, the Company shall continue for a period of 12 months (the “12-Month Severance Period”), to pay to Executive the annual base salary then in effect and payment for accrued but untaken vacation days. During the Severance
Period, if the Executive is entitled to and elects to have COBRA coverage, the Company shall make a monthly payment to the Executive equal to the monthly cost of COBRA coverage under the Company’s group health plan for the Executive and his
family members who are entitled to such COBRA coverage. 
   (b)
  during the time period that begins on the 181st day after the Effective Date and ends on December 31, 2011, thereafter, the Company shall continue for a
period of nine months (the “9-Month Severance Period”), to pay to Executive the annual base salary then in effect and payment for accrued but untaken vacation days. During the Severance Period, if the Executive is entitled to and elects to
have COBRA coverage, the Company shall make a monthly payment to the Executive equal to the monthly cost of COBRA coverage under the Company’s group health plan for the Executive and his family members who are entitled to such COBRA coverage.

   (c)   during the time period that begins on the January 1, 2012 and thereafter,
the Company shall continue for a period of six months (the “6-Month Severance Period”), to pay to Executive the annual base salary then in effect and payment for accrued but untaken vacation days. During the Severance Period, if the
Executive is entitled to and elects to have COBRA coverage, the Company shall make a monthly payment to the Executive equal to the monthly cost of COBRA coverage under the Company’s group health plan for the Executive and his family members who
are entitled to such COBRA coverage. 

  
 For the purposes of clarity, the Company shall not be entitled to terminate this Agreement without Cause prior to the 91st day
after the Effective Date. 
 In addition, for the purposes of clarity, the Executive shall only be entitled to a
single payment under either Section 5.2(a), 5.2(b) or 5.2(c) pursuant to this Agreement. The Company shall not be obligated to make the severance payments otherwise provided for in Section 5.2 unless the Executive provides to the Company,
and does not revoke, a general release of claims in a form satisfactory to the Company. 
 6.
  Additional Covenants of the Executive. 
   6.1   Noncompetition;
Nonsolicitation; Nondisparagement. 
 (a)   During Executive’s employment with the Company,
Executive shall not, directly or indirectly, render services of a business, professional or commercial nature to any other person or entity that competes with the Company’s business, whether for compensation or otherwise, or engage in any
business activities competitive with the Company’s business, whether alone, as an Executive, as a partner, or as a shareholder (other than as the holder of not more than one percent of the combined voting power of the outstanding stock of a
public company), officer or director of any corporation or other business entity, or as a trustee, fiduciary or in any other similar representative capacity of any other entity. Notwithstanding the foregoing, the expenditure of reasonable amounts of
time as a member of other companies’ Board of Directors shall not be deemed a breach of this if those activities do not materially interfere with the services required under this Agreement. 

(b)   During Executive’s employment with the Company, and for a period of one year
following the termination of the Executive’s employment with the Company, the Executive shall not, without the prior written consent of the Company: 
 (i)  either individually or on behalf of or through any third party, directly or indirectly, solicit, entice or persuade or attempt to solicit, entice or persuade any employee, agent, consultant
or contractor of the Company or any of its affiliates (the “Company Group”) to leave the service of the Company Group for any reason; or 
 (ii)  either individually or on behalf of or through any third party, directly or indirectly, interfere with, or attempt to interfere with, the business relationship between the Company Group
and any vendor, supplier, surgeon or hospital with which the Executive has interacted during the course of his employment with the Company. 
 (c)   During Executive’s employment with the Company and at all times thereafter, Executive shall not make any statements that are professionally or personally disparaging about, or adverse
to, the interests of the Company or any of its divisions, affiliates, subsidiaries or other related entities, or their respective directors, officers, employees, agents, successors and assigns (collectively, “Company-Related Parties”),
including, but not limited to, any statements that disparage any person, product, service, finances, financial condition, capability or any other aspect of the business of any Company-Related Party, and that Executive will not engage in any conduct
which could reasonably be expected to harm professionally or personally the reputation of any Company-Related Party. 
   6.2  If any restriction set forth in this Section 6 is found by any court of competent jurisdiction to be unenforceable because it extends for too long a period of time or over
too great a range of activities or in too broad a geographic area, it shall be interpreted to extend only over the maximum period of time, range of activities or geographic area as to which it may be enforceable. 

  6.3  The restrictions contained in this Section 6 are necessary for the protection of the
Proprietary Information and goodwill of the Company and are considered by Executive to be reasonable for such purpose. Executive agrees that any breach of this Section 7 will cause the Company substantial and irrevocable damage and therefore,
in the event of any such breach, in addition to such other remedies which may be available, the Company shall have the right to seek specific performance and injunctive relief. 

7.   Other Agreements.    Executive represents that Executive’s performance of
all the terms of this Agreement as an Executive of the Company does not and will not breach any (i) agreement to keep in confidence proprietary information, knowledge or data acquired by Executive in confidence or in trust prior to
Executive’s employment with the Company or (ii) agreement to refrain from competing, directly or indirectly, with the business of any previous employer or any other party. 

8.   Notices.    All notices required or permitted under this Agreement shall be in
writing and shall be deemed effective upon (a) a personal delivery, or (b) deposit in the United States Post Office, by registered or certified mail, postage prepaid. 

9.   Entire Agreement.    This Agreement and the agreements related to the Options
constitute the entire agreement between the parties and supersedes all prior agreements and understandings, whether written or oral relating to the subject matter of this Agreement, including without limitation that certain Employment Agreement
dated June 13, 2008 by and among the parties to this Agreement. 
 10.
  Amendment.    This Agreement may be amended or modified only by a written instrument executed by both the Company and Executive. 

11.   Successors and Assigns.    This Agreement shall be binding upon and inure to
the benefit of both parties and their respective successors and assigns, including any corporation into which the Company may be merged or which may succeed to its assets or business, provided, however, that the obligations of Executive are personal
and shall not be assigned by Executive. The Company may assign this Agreement following the delivery of written notice to the Executive. 
 12.   Miscellaneous. 
  12.1
  No Waiver.    No delay or omission by the Company in exercising any right under this Agreement shall operate as a waiver of that or any other right. A waiver or consent given by the Company on any one occasion
shall be effective only in that instance and shall not be construed as a bar or waiver of any right on any other occasion. 

  

 12.2   Severability.  In case any provision of this Agreement shall be invalid, illegal
or otherwise unenforceable, the validity, legality and enforceability of the remaining provisions shall in no way be affected or impaired thereby. 
  12.3   Governing Law.  This Agreement shall be governed by and construed and enforced in accordance with the internal laws of the State of California. 

 12.4   Consent to Arbitration.  In the event of a dispute involving this Agreement, the
Executive consents and agrees that all disputes shall be resolved in accordance with the terms and conditions of the Mutual Agreement to Arbitrate Claims between the Company and the Executive. 

 12.5   Counterparts.  This Agreement may be executed in two or more counterparts, each
of which shall be deemed an original but all of which together shall constitute one and the same instrument. 
 [Signature Page
Follows] 

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

			
	 /s/ Peter C. Wulff

 

	  

		
	 Peter C. Wulff
	 	

  
  

ALPHATEC SPINE, INC. 
  

 
  

			
	 By:
	 	       /s/ Ebun S. Garner, Esq.

		 	  

		
	 Name:
	 	       Ebun S. Garner, Esq.

		
	 Title:
	 	       General Counsel and Senior Vice President

	  
  
  

ALPHATEC HOLDINGS, INC.

 
  

		
	 By:
	 	       /s/ Ebun S. Garner, Esq.

		 	  

		
	 Name:
	 	       Ebun S. Garner, Esq.

		
	 Title:
	 	       General Counsel and Senior Vice President

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