Document:

TXI Three Year Incentive Plan

 Exhibit 10.18 

 
 TEXAS INDUSTRIES, INC. 

 
 THREE-YEAR INCENTIVE PLAN 

adopted pursuant to the 
 MASTER PERFORMANCE-BASED INCENTIVE PLAN 
 This Three Year Incentive Plan is adopted by the
Compensation Committee of the Board of Directors pursuant to the Texas Industries, Inc. Master Performance-Based Incentive Plan (“Master Incentive Plan”). This Three-Year Incentive Plan is subject to all of the terms and conditions of the
Master Incentive Plan. Terms not defined in this Three-Year Incentive Plan have the same meanings as in the Master Incentive Plan. Amendments and exceptions to this Three-Year Incentive Plan may be made only in the manner provided in the Master
Incentive Plan. 
  

	1.	Performance Period 

 The
three fiscal years beginning June 1, 2011 and ending May 31, 2014. 
  

	2.	Participants 

Participants are recommended by management of the Company and approved by the Compensation Committee. 

 

	3.	Minimum Award Goal 

Achievement of an Award is dependent on attainment of a three year consolidated average return-on-equity for the Performance Period
(“ROE”) equal to or greater than 14%. 
  

	4.	ROE Calculation 

 ROE is
the average of the net income of the Company as a percentage of the average shareholders’ equity of the Company for each fiscal year in the Performance Period, based on the net income and shareholders’ equity reported to shareholders in
the Company’s consolidated financial statements for periods included in the Performance Period, rounded to the nearest one-tenth (1/10) of one percent (1%). A fiscal year’s “average shareholders’ equity” is the average
of its four fiscal quarters’ shareholders’ equity. A “fiscal quarter’s shareholders’ equity” is the sum of its beginning and ending balances divided by two. 

  
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	5.	Award Calculation 

 The
amount of an Award is based on the Company’s three year average ROE for the Performance Period, and is calculated by multiplying a Participant’s base salary on the last day of the Performance Period by the applicable Award Percentage shown
in the schedule in Section 6. Individuals who become Participants during the Performance Period will have their Award pro-rated in six month increments (i. e., participation for an increment of less than six months will not be included in the
calculation) for the amount of time they participated prior to the end of the Performance Period, with a six (6) month minimum participation requirement for eligibility for payment of an Award. 

 

	6.	Award Schedule 

  

			
	 Three-Year Incentive Plan
 For The Three Consecutive Fiscal Year Period

 
 ENDING MAY 31,
2014
  
  

	Three-Year Average ROE	  	Award Percentage (% of Base
Salary)
	 Less than
14%
	  	0%
	 14% to
less than 16%
	  	50%
	 16% to
less than 18%
	  	70%
	 18% to
less than 20%
	  	100%
	 20% and
above
	  	140%

 The President and Chief Executive Officer’s Award Percentage will be double that shown in the
schedule above. 

  
 - 2 -Third Supplemental Indenture

 Exhibit 4.3 
 EXECUTION COPY 
  
 THIRD SUPPLEMENTAL INDENTURE 
 dated as of June 22, 2011

  
  

with respect to the: 
 INDENTURE 
 Dated as of February 16, 2011 

between 

BLUE MERGER SUB INC. 
 and 
 THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A., as Trustee

  
  

 THIS THIRD SUPPLEMENTAL INDENTURE (this “Third Supplemental Indenture”) is
entered into as of June 22, 2011 by and between Del Monte Corporation, a Delaware corporation (the “Company”), and The Bank of New York Mellon Trust Company, N.A., as trustee (the “Trustee”). Capitalized terms
used herein and not otherwise defined herein are used as defined in the Indenture referred to below. 
 RECITALS 

WHEREAS, the Company (as successor in interest to Del Monte Foods Company (“DMFC”), which was successor in interest to Blue
Merger Sub Inc.) and the Trustee are parties that certain Indenture, dated as of February 16, 2011, as supplemented by the First Supplemental Indenture, dated as of March 8, 2011, and the Second Supplemental Indenture, dated as of
April 26, 2011 (as supplemented, the “Indenture”), relating to the 7.625% Senior Notes due 2019 in original principal amount of $1,300,000,000 (the “Notes”). 

WHEREAS, Section 901 of the Indenture provides, among other things, that the Company and the Trustee may from time to time and at
any time amend the Indenture without the consent of any Holder to cure any ambiguity, omission, mistake, defect or inconsistency; 
 WHEREAS, there is a mistake in the maturity date as stated in Section 301 of the Indenture; 
 WHEREAS, all conditions precedent and requirements necessary to make this Third Supplemental Indenture a valid and legally binding instrument in accordance with its terms have been complied with,
performed and fulfilled and the execution and delivery hereof have been all respects duly authorized; and 
 WHEREAS, pursuant
to Section 903 of the Indenture, the Trustee is authorized to execute and deliver this Third Supplemental Indenture. 

NOW, THEREFORE, THIS THIRD SUPPLEMENTAL INDENTURE WITNESSETH: 

For and in consideration of the premises and intending to be legally bound hereby, it is mutually covenanted and agreed, for the equal
and proportionate benefit of all Holders as follows: 
 ARTICLE I 

AMENDMENT TO SECTION 301 
 The second sentence of the second paragraph of Section 301 of the Indenture shall hereby be deleted in its entirety and replaced with the following: 

The Stated Maturity of the Notes shall be February 15, 2019, and the Notes shall bear interest at the rate of 7.625% per annum
from the Issue Date, or from the most recent Interest Payment Date to which interest has been paid or duly provided for, payable on August 15, 2011 and semi annually thereafter on February 15 and August 15 in each year and at said
Stated Maturity, until the principal thereof is paid or duly provided for and to the Person in whose name the Note (or any predecessor Note) is registered at the close of business on February 1 and August 1 immediately

  
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preceding such Interest Payment Date (each, a “Regular Record Date”). 
 ARTICLE II 
 MISCELLANEOUS 

2.1. The Trustee accepts the modification of the Indenture effected by this Third Supplemental Indenture, but only upon the terms and
conditions set forth in the Indenture. Without limiting the generality of the foregoing, the Trustee will not be responsible in any manner whatsoever for or in respect of the validity or sufficiency of this Third Supplemental Indenture or for or in
respect of the recitals contained herein. 
 2.2. If and to the extent that any provision of this Third Supplemental Indenture
limits, qualifies or conflicts with another provision included in this Third Supplemental Indenture or in the Indenture, in either case that is required to be included in this Third Supplemental Indenture or in the Indenture by any of the provisions
of Sections 310 to 317, inclusive, of the Trust Indenture Act of 1939, as amended, such required provision shall control. 

2.3. Nothing in this Third Supplemental Indenture is intended to or shall provide any rights to any parties other than those expressly
contemplated by this Third Supplemental Indenture. 
 2.4. This Third Supplemental Indenture and the Notes shall be governed by,
and construed in accordance with, the law of the State of New York. 
 2.5. The Section headings herein are for convenience only
and will not affect the construction hereof. 
 2.6 This Third Supplemental Indenture may be executed in any number of
counterparts, each of which so executed shall be deemed to be an original, but all of which counterparts together shall constitute but one and the same instrument. 
 2.7 This Third Supplemental Indenture is an amendment supplemental to the Indenture, and the Indenture and this Third Supplemental Indenture will henceforth be read together. 

[Signature pages follow] 

  
 -3-

 
			
	DEL MONTE CORPORATION
		
	By:	 	  /s/ Richard L. French
	Name:	 	  Richard L. French

			
	Title:	 	  Senior Vice President, Treasurer,
  Chief Accounting Officer and Controller

 [Signature Page to Third Supplemental Indenture] 

 
			
	THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A., as Trustee
		
	By:	 	   /s/ John A. (Alex) Briffett

	Name:	 	  John A. (Alex) Briffett
	Title:	 	Authorized Signatory

 [Signature Page to Third Supplemental Indenture]2011 Stock Incentive Plan for Key Employees

 Exhibit 10.37 
 2011 STOCK INCENTIVE PLAN 
 FOR KEY EMPLOYEES OF 

BLUE ACQUISITION GROUP, INC. AND ITS AFFILIATES 
  

	1.	Purpose of Plan 

 The 2011
Stock Incentive Plan for Key Employees of Blue Acquisition Group, Inc. and its Affiliates (the “Plan”) is designed: 
 (a) to promote the long term financial interests and growth of Blue Acquisition Group, Inc. (the “Company”) and its Subsidiaries by attracting and retaining management and other personnel
and key service providers with the training, experience and ability to enable them to make a substantial contribution to the success of the Company’s business; 
 (b) to motivate management personnel by means of growth-related incentives to achieve long range goals; and 
 (c) to further the alignment of interests of participants with those of the stockholders of the Company through opportunities for increased stock, or stock-based ownership in the Company. 

 

	2.	Definitions 

 As used in
the Plan, the following words shall have the following meanings: 
 (a) “Affiliate” means with respect to any
Person, any entity directly or indirectly controlling, controlled by or under common control with such Person. 
 (b)
“Board” means the Board of Directors of the Company. 
 (c) “Change in Control” means
(i) the sale of all or substantially all (i.e., at least 80%) of the assets (in one transaction or a series of related transactions) of Blue Holdings I, L.P. (the “Parent”), a limited partnership controlled by affiliates of
Kohlberg Kravis Roberts & Co., Vestar Capital Partners and Centerview Partners (together, the “Sponsors”), the Company, Del Monte Foods Company or Del Monte Corporation, as applicable, to any Person (or group of Persons
acting in concert), other than to (x) the Sponsors or their Affiliates or (y) any employee benefit plan (or trust forming a part thereof) maintained by Parent, the Company or their respective Affiliates or other Person of which a majority
of its voting power or other equity securities is owned, directly or indirectly, by Parent or the Company; or (ii) a merger, recapitalization or other sale (in one transaction or a series of related transactions) by Parent, the Company, the
Sponsors or any of their respective Affiliates (which includes for the avoidance of doubt Del Monte Foods Company and Del Monte Corporation), to a Person (or group of Persons acting in concert) of equity interests or voting power that results in any
Person (or group of Persons acting in concert) (other than (x) the Sponsors or their Affiliates or (y) any employee benefit plan (or trust forming a part thereof) maintained by Parent, the Company or their respective Affiliates or other
Person of which a majority of its voting power or other equity securities is owned, directly or indirectly, by Parent or the Company) owning more than 50% of the equity interests or voting power of Parent,

 
the Company, Del Monte Foods Company or Del Monte Corporation, as applicable (or any resulting company after a merger); or (iii) any event which results in the Sponsors or their respective
Affiliates ceasing to hold the ability to elect a majority of the managers of the General Partner of Parent, or members of the board of directors of Parent, or members of the board of directors of the Company, as applicable. For the avoidance of
doubt, none of an initial public offering, stock dividend, stock split or any other similar corporate event shall alone constitute a Change in Control. 
 For purposes of this definition, “controlled by” means with respect to the relationship between or among two or more Persons, means the possession, directly or indirectly, of the power to
direct or cause the direction of the affairs or management of a Person, whether through the ownership of voting securities, by contract or otherwise, including the ownership, directly or indirectly, of securities having the power to elect a majority
of the board of directors or similar body governing the affairs of such Person. 
 (d) “Code” means the United
States Internal Revenue Code of 1986, as amended. 
 (e) “Committee” means the Compensation Committee of the
Board (or, if no such committee is appointed, the Board). 
 (f) “Common Stock” or “Share”
means the common stock, par value $0.01 per share, of the Company, which may be authorized but unissued, or issued and reacquired. 
 (g) “Employee” means a person, including an officer, in the regular employment of the Company or any other Service Recipient who, in the opinion of the Committee, is, or is expected to
have involvement in the management, growth or protection of some part or all of the business of the Company or any other Service Recipient. 
 (h) “Exchange Act” means the Securities Exchange Act of 1934, as amended. 
 (i) “Fair Market Value” means the fair market value of one share of Common Stock on any given date, as determined reasonably and in good faith by the Board, and based on the most recent
appraisal of Common Stock prepared by a third party that is not an Affiliate of Parent, the Company or any of its subsidiaries received by the Board, which appraisal must have been prepared no more than six months prior to the date on which such
determination is made. 
 (j) “Grant” means an award made to a Participant pursuant to the Plan and described
in Section 5, including, without limitation, an award of a Stock Option or Other Stock-Based Award. 
 (k) “Grant
Agreement” means an agreement between the Company and a Participant that sets forth the terms, conditions and limitations applicable to a Grant. 
 (l) “Group” means “group,” as such term is used for purposes of Section 13(d) or 14(d) of the Exchange Act. 

(m) “Management Stockholder’s Agreement” shall mean that certain Management Stockholder’s Agreement between
the applicable Participant and the Company. 

  
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 (n) “Other Stock-Based Award” means any award described in
Section 5(b) below. 
 (o) “Participant” means an Employee, non-employee member of the Board, consultant
or other person having a service relationship with the Company or any other Service Recipient, to whom one or more Grants have been made and remain outstanding. 
 (p) “Person” means “person,” as such term is used for purposes of Section 13(d) or 14(d) of the Exchange Act. 

(q) “Public Offering” means any registered public offering of the Common Stock on the New York Stock Exchange or the
Nasdaq Stock Market or other nationally recognized stock exchange or listing system. 
 (r) “Sale Participation
Agreement” shall mean that certain Sale Participation Agreement between the applicable Participant and Parent. 
 (s)
“Service Recipient” shall mean, the Company, any Subsidiary of the Company, or any Affiliate of the Company that satisfies the definition of “service recipient” within the meaning of Treasury Regulation
Section 1.409A-1(g) (or any successor regulation), with respect to which the person is a “service provider” (within the meaning of Treasury Regulation Section 1.409A-1(f) (or any successor regulation). 

(t) “Subsidiary” means any corporation or other entity in an unbroken chain of corporations or other entities beginning
with the Company if each of the corporations or other entities, or group of commonly controlled corporations or other entities, other than the last corporation or other entity in the unbroken chain then owns stock or other equity interests
possessing 50% or more of the total combined voting power of all classes of stock or other equity interests in one of the other corporations or other entities in such chain. 

 

	3.	Administration of Plan 

(a) The Plan shall be administered by the Committee. The Committee may adopt its own rules of procedure, and action of a majority of the
members of the Committee taken at a meeting, or action taken without a meeting by unanimous written consent, shall constitute action by the Committee. The Committee shall have the power and authority to administer, construe and interpret the Plan,
to make rules for carrying it out and to make changes in such rules. Any such interpretations, rules, and administration shall be consistent with the basic purposes of the Plan. 

(b) The Committee may delegate to the Chief Executive Officer and to other senior officers of the Company its duties under the Plan,
subject to applicable law and such conditions and limitations as the Committee shall prescribe, except that only the Committee may designate and make Grants to Participants. 
 (c) The Committee may employ counsel, consultants, accountants, appraisers, brokers or other persons. The Committee, the Company, and the officers and directors of the Company shall be entitled to rely
upon the advice, opinions or valuations of any such persons. All actions taken and all interpretations and determinations made by the Committee in good faith shall be final and binding upon all Participants, the Company and all other interested
persons. No member of 

  
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the Committee, nor employee or representative of the Company shall be personally liable for any action, determination or interpretation made in good faith with respect to the Plan or the Grants,
and all such members of the Committee, employees and representatives shall be fully protected and indemnified to the greatest extent permitted by applicable law by the Company with respect to any such action, determination or interpretation.

  

	4.	Eligibility 

 The
Committee may from time to time make Grants under the Plan to such Employees, or other persons having a relationship with Company or any other Service Recipient, and in such form and having such terms, conditions and limitations as the Committee may
determine. The terms, conditions and limitations of each Grant under the Plan shall be set forth in a Grant Agreement, in a form approved by the Committee, consistent, however, with the terms of the Plan; provided, however, that such
Grant Agreement shall contain provisions dealing with the treatment of Grants in the event of the termination of employment or other service relationship, death or disability of a Participant, and may also include provisions concerning the treatment
of Grants in the event of a Change in Control. 
  

	5.	Grants  

 From time to
time, the Committee will determine the forms and amounts of Grants for Participants. Such Grants may take the following forms in the Committee’s sole discretion: 
 (a) Stock Options – These are options to purchase Common Stock (“Stock Options”). At the time of Grant the Committee shall determine, and shall include in the Grant Agreement,
the option exercise period, the option exercise price, vesting requirements, and such other terms, conditions or restrictions on the grant or exercise of the option as the Committee deems appropriate including, without limitation, the right to
receive dividend equivalent payments on vested options. Notwithstanding the foregoing, the exercise price per Share of a Stock Option shall in no event be less than the Fair Market Value on the date the Stock Option is granted (subject to later
adjustment pursuant to Section 8 hereof). In addition to other restrictions contained in the Plan, a Stock Option granted under this Section 5(a) may not be exercised more than 10 years after the date it is granted. Payment of the Stock
Option exercise price shall be made (i) in cash, (ii) with the consent of the Committee, in Shares (any such Shares valued at Fair Market Value on the date of exercise) that the Participant has held for at least six months (or such other
period of time as may be required by the Company’s accountants), (iii) with the consent of the Committee, through the withholding of Shares (any such Shares valued at Fair Market Value on the date of exercise) otherwise issuable upon the
exercise of the Stock Option in a manner that is compliant with applicable law, or (iv) a combination of the foregoing methods, in each such case in accordance with the terms of the Plan, the Grant Agreement. 

(b) Other Stock-Based Awards- The Committee may grant or sell awards of Shares, awards of restricted Shares and awards that are
valued in whole or in part by reference to, or are otherwise based on the Fair Market Value of, Shares (including, without limitation, restricted stock units, stock appreciation rights, and dividend equivalent rights). Such “Other Stock-Based
Awards” shall be in such form, and dependent on such conditions, as the Committee may determine, including, without limitation, the right to receive or vest with respect to, one or more 

  
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Shares (or the equivalent cash value of such Shares) upon the completion of a specified period of service, the occurrence of an event and/or the attainment of performance objectives. Other
Stock-Based Awards may be granted alone or in addition to any other Grants under the Plan. Subject to the provisions of the Plan, the Committee shall determine to whom and when Other Stock-Based Awards will be made, the number of Shares to be
awarded under (or otherwise related to) such Other Stock-Based Awards; whether such Other Stock-Based Awards shall be settled in cash, Shares or a combination of cash and Shares; and all other terms and conditions of such awards (including, without
limitation, the vesting provisions thereof and provisions ensuring that all Shares so awarded and issued shall be fully paid and non-assessable). 
  

	6.	Limitations and Conditions 

(a) The number of Shares available for Grants under this Plan is intended to be 6% of outstanding shares at closing on a fully diluted
basis, subject to adjustment as provided for in Sections 8 and 9, unless restricted by applicable law, provided that such pool size shall automatically be increased if both the Board and the Chief Executive Officer, in their discretion, make Grant
allocations that exceed 6% of outstanding shares at closing. Shares related to Grants that are forfeited, terminated, canceled, expire unexercised, withheld to satisfy tax withholding obligations, or are repurchased by the Company shall immediately
become available for new Grants. 
 (b) Nothing contained herein shall affect the right of the Company or any other Service
Recipient to terminate any Participant’s employment or other service relationship at any time or for any reason. 
 (c)
Other than as specifically provided in the Management Stockholder’s Agreement or Sale Participation Agreement, no benefit under the Plan shall be subject in any manner to anticipation, alienation, sale, transfer, assignment, pledge,
encumbrance, or charge, and any attempt to do so shall be void. No such benefit shall, prior to receipt thereof by the Participant, be in any manner liable for or subject to the debts, contracts, liabilities, engagements, or torts of the
Participant. 
 (d) Participants shall not be, and shall not have any of the rights or privileges of, stockholders of the
Company in respect of any Shares purchasable in connection with any Grant unless and until certificates representing any such Shares have been issued by the Company to such Participants (or book entry representing such Shares has been made and such
Shares have been deposited with the appropriate registered book-entry custodian). 
 (e) No election as to benefits or exercise
of any Grant may be made during a Participant’s lifetime by anyone other than the Participant except by a legal representative appointed for or by the Participant. 
 (f) Absent express provisions to the contrary, any Grant under this Plan shall not be deemed compensation for purposes of computing benefits or contributions under any retirement or severance plan of the
Company or other Service Recipient and shall not affect any benefits under any other benefit plan of any kind now or subsequently in effect under which the availability or 

  
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amount of benefits is related to level of compensation. This Plan is not a “Retirement Plan” or “Welfare Plan” under the Employee Retirement Income Security Act of 1974, as
amended. 
 (g) Unless the Committee determines otherwise, no benefit or promise under the Plan shall be secured by any specific
assets of the Company or any other Service Recipient, nor shall any assets of the Company or any other Service Recipient be designated as attributable or allocated to the satisfaction of the Company’s obligations under the Plan. 

 

	7.	Transfers and Leaves of Absence 

 For purposes of the Plan, unless the Committee determines otherwise: (a) a transfer of a Participant’s employment without an intervening period of separation among the Company and any other
Service Recipient shall not be deemed a termination of employment, and (b) a Participant who is granted in writing a leave of absence or who is entitled to a statutory leave of absence shall be deemed to have remained in the employ of the
Company (and other Service Recipient) during such leave of absence. 
  

	8.	Adjustments 

 In the event
of any stock split, spin-off, share combination, reclassification, recapitalization, liquidation, dissolution, reorganization, merger, Change in Control, payment of a dividend (other than a cash dividend paid as part of a regular dividend program)
or other similar transaction or occurrence which affects the equity securities of the Company or the value thereof, the Committee shall (i) adjust the number and kind of shares subject to the Plan and available for or covered by Grants,
(ii) adjust the share prices related to outstanding Grants, and/or (iii) take such other action (including, without limitation providing for payment of a cash amount to holders of outstanding Grants and adjusting performance targets), in
each case as it deems reasonably necessary to address, on an equitable basis, the effect of the applicable corporate event on the Plan and any outstanding Grants, without adverse tax consequences under Section 409A of the Code. Any such
adjustment made or action taken by the Committee in accordance with the preceding sentence shall be final and binding upon holders of Options and upon the Company. 
  

	9.	Change in Control 

 In the
event of a Change in Control: (a) if determined by the Committee in the applicable Grant Agreement or otherwise determined by the Committee in its sole discretion, any outstanding Grants then held by Participants which are unexercisable or
otherwise unvested or subject to lapse restrictions may automatically be deemed exercisable or otherwise vested or no longer subject to lapse restrictions, as the case may be, as of immediately prior to such Change in Control and (b) the
Committee may, to the extent determined by the Committee to be permitted under Section 409A of the Code, but shall not be obligated to: (i) cancel such awards for Fair Market Value which for these purposes shall equal the excess, if any,
of the value of the consideration to be paid in the Change in Control transaction to holders of the same number of Shares subject to such Stock Options (or, if no consideration is paid in any such transaction, the Fair Market Value of the Shares
subject to such Stock Options) over the aggregate option price of such Stock Options (and for the avoidance of doubt, any Stock Options having an exercise price equal to or greater than the consideration to be paid in the Change in Control may be
cancelled without payment in respect 

  
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thereof); (ii) provide for the issuance of substitute awards that will preserve in no less favorable a manner the otherwise applicable terms of any affected Grants previously granted
hereunder, as determined by the Committee in its sole discretion; or (iii) provide that for a period of at least ten business days prior to the Change in Control, any Stock Options shall be exercisable as to all Shares subject thereto (where,
for the avoidance of doubt, Participant shall have the ability to request that such shares be withheld to satisfy the payment of the exercise price of such Stock Options and/or to satisfy any tax withholding obligations that the Participant may
incur as a result of such exercise) and that upon the occurrence of the Change in Control, such Stock Options shall terminate and be of no further force and effect. 
  

	10.	Amendment and Termination 

(a) The Committee shall have the authority to make such amendments to any terms and conditions applicable to outstanding Grants as are
consistent with this Plan, provided that no such action shall modify any Grant in a manner that is disadvantageous in more than a de minimis manner to a Participant with respect to any outstanding Grants, other than to correct any good faith
typographical error or omission or pursuant to Section 8, 9 or 10(c) hereof, without the Participant’s consent, except as such modification is provided for or contemplated in the terms of the Grant or this Plan. 

(b) The Board may amend, suspend or terminate the Plan, except that no such action, other than an action under Section 8, 9
or 10(c) hereof, may be taken which would, without stockholder approval, increase the aggregate number of Shares available for Grants under the Plan, decrease the price of outstanding Grants, change the requirements relating to the Committee, extend
the term of the Plan. However, no such action shall be materially disadvantageous to a Participant with respect to any outstanding Grants, other than pursuant to Section 8, 9 or 10(c) hereof, without the Participant’s consent, except as
otherwise contemplated in the terms of the Grant or the Plan. 
 (c) This Plan is intended to comply with Section 409A of
the Code and will be interpreted in a manner intended to comply with Section 409A of the Code. Notwithstanding anything herein to the contrary, (i) if at the time of the Participant’s termination of employment with any Service
Recipient the Participant is a “specified employee” as defined in Section 409A of the Code, and the deferral of the commencement of any payments or benefits otherwise payable hereunder as a result of such termination of service is
necessary in order to prevent the imposition of any accelerated or additional tax under Section 409A of the Code, then the Company will defer the commencement of the payment of any such payments or benefits hereunder (without any reduction in
such payments or benefits ultimately paid or provided to the Participant) until the date that is six months and one day following the Participant’s termination of employment with all Service Recipients (or the earliest date as is permitted
under Section 409A of the Code), if such payment or benefit is payable upon a termination of employment and (ii) if any other payments of money or other benefits due to the Participant hereunder would cause the application of an
accelerated or additional tax under Section 409A of the Code, such payments or other benefits shall be deferred, if deferral will make such payment or other benefits compliant under Section 409A of the Code, or otherwise such payment or
other benefits shall be restructured, to the extent possible, in a manner, reasonably determined by the Board in consultation with the Participant, 

  
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that does not cause such an accelerated or additional tax or result in an additional cost to the Company (without any reduction in such payments or benefits ultimately paid or provided to the
Participant). Any payment of any Award that is payable in installments shall be deemed a “separate payment” for purposes of Section 409A of the Code. 
  

	11.	Governing Law; International Participants 

 (a) This Plan shall be governed by and construed in accordance with the laws of the State of Delaware applicable therein. 
 (b) With respect to Participants who reside or work outside the United States of America, the Committee may, in its sole discretion, amend the terms of the Plan or awards with respect to such Participants
in order to conform such terms with the requirements of local law or to obtain more favorable tax or other treatment for a Participant, the Company or any other Service Recipient. 

 

	12.	Withholding Taxes 

 The
Company shall have the right to deduct from any payment made under the Plan any federal, state or local income or other taxes required by law to be withheld with respect to such payment. It shall be a condition to the obligation of the Company to
deliver Shares upon the exercise of a Stock Option that the Participant pays to the Company such amount as may be requested by the Company for the purpose of satisfying any liability for such withholding taxes. 

 

	13.	Effective Date and Termination Dates 

 The Plan shall be effective on February 16, 2011 and shall terminate ten years later, subject to earlier termination by the Board pursuant to Section 10, but the terms of Grants made on or
before the expiration of the Plan shall extend beyond such expiration in accordance with their terms. 

  
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