Document:

EX-10.10

 Exhibit 10.10 

FORTIVE 
 EXECUTIVE
DEFERRED INCENTIVE PLAN 
 EFFECTIVE MAY 31, 2016 

 FORTIVE 

EXECUTIVE DEFERRED INCENTIVE PLAN 

WHEREAS, the Danaher Corporation sponsors the Danaher Corporation & Subsidiaries Executive Deferred Incentive Program (the
“Danaher EDIP”) by offering deferred compensation to a select group of management and highly compensated employees of Danaher Corporation and its subsidiaries; 

WHEREAS, FTV Employment Services LLC and certain other subsidiaries of Danaher are intended to spin-off into a separate, unrelated company.

 WHEREAS, this Fortive Executive Deferred Incentive Plan is established to offer deferred compensation to a select group of management and
highly compensated employees of FTV Employment Services LLC and those other companies that are intended to spin-off into a separate unrelated company (the “Fortive Employees”). 

WHEREAS, this Plan is intended to be established as of the close of the New York Stock Exchange on May 31, 2016, at which time the
Fortive Employees are intended to transfer participation into this Plan from the Danaher EDIP, and any such deferral election and distribution election under the Danaher EDIP for the transferred participants will continue in effect immediately prior
to the transfer will also apply to the Plan. 
 WHEREAS, the benefits due to Fortive Employees under the Danaher EDIP will transfer to the
Plan as of the close of the New York Stock Exchange on May 31, 2016, and become an obligation under the Plan, and no further obligation would be due under the Danaher EDIP. 

NOW, THEREFORE, in order to accomplish such purpose, the Plan Sponsor has adopted, by appropriate resolutions, this Plan effective as of the
close of the New York Stock Exchange on May 31, 2016. It is intended that this Plan, together with any Trust Agreement, shall be unfunded for purposes of the Code and shall constitute an unfunded pension plan maintained for a select group of
management and highly compensated employees for purposes of Title I of ERISA, and shall comply with Code Section 409A (except for such amounts which are grandfathered from the requirements of Code Section 409A) and all formal regulations,
rulings, and guidance issued thereunder. 

 ARTICLE I 

DEFINITIONS 
 As used in
this Plan, each of the following terms shall have the respective meaning set forth below unless a different meaning is plainly required by the content. 

1.1 Administrator. The individual or committee appointed by the Plan Sponsor to administer the Plan pursuant to Article V. 

1.2 Applicable Percentage. With respect to a Participant for a Performance Cycle, the applicable percentage determined from the table in
Appendix A depending on (a) the Participant’s Target Compensation for the Performance Cycle and (b) the Participant’s exact age on the Cycle Beginning Date or, if later, the Participant’s Participation Date. Effective
January 1, 2004, with respect to a Participant for a Performance Cycle beginning on or after January 1, 2004, the applicable percentage determined from the table in Appendix A depending on the Participant’s Years of Participation as
of the Cycle Beginning Date. 
 1.3 Beneficiary. An individual or entity entitled to receive any benefits under this Plan that are
payable upon a Participant’s death. 
 1.4 Benefit Account. With respect to a Participant, the account maintained on behalf of
the Participant to record any Benefit Amounts and Performance Shares credited thereto or forfeited therefrom, any earnings credited thereto and any losses debited therefrom in accordance with the terms of this Plan. Amounts credited to this account
on a Participant’s behalf on and after January 1, 2013, with respect to Plan Years beginning on or after January 1, 2013, and any earnings credited thereto and any losses deducted therefrom in accordance with the terms of the Plan,
shall be recorded by Class Year pursuant to Section 9.4. 
 1.5 Benefit Amount. With respect to a Participant for a Performance
Cycle, the Performance Shares credited pursuant to Section 3.3 and any dollar amounts calculated and credited pursuant to Section 3.3. 

1.6 Bonus. With respect to a Participant for a Plan Year, the amount (if any) of the Participant’s Target Bonus for the Plan Year
that shall be determined to have been earned by the Participant in accordance with the Employer’s bonus program. 
 1.7 Bonus
Deferral Amount. With respect to a Participant for a Plan Year, an amount of the Participant’s Target Bonus or Bonus for the last preceding Plan Year that the Participant has elected to defer pursuant to Section 3.2. 

1.8 Class Year. Each period commencing on January 1st and ending on December 31st shall be considered a separate “Class
Year;” the first Class Year commencing on January 1, 2013 and ending on December 31, 2013 shall be referred to as the “Class Year 2013;” the second Class Year commencing on January 1, 2014 and ending on
December 31, 2014 shall be referred to as the “Class Year 2014;” and continuing thereafter each January 1st. 

  
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 1.9 Code. The Internal Revenue Code of 1986, as it may be amended from time to time. 

1.10 Common Stock. For the period prior to the Spin-off Date, Common Stock shall refer to the common stock of Danaher Corporation. For
the period on and after the Spin-off Date, Common Stock shall refer to the common stock of Fortive Corporation. 
 1.11 Common Stock
Price. With respect to a specified date as of which the price of shares of Common Stock shall be determined, the closing price on the New York Stock Exchange of one (1) share of Common Stock on the business day last preceding the specified
date. Solely for purposes of documenting administrative practice under the terms of the Plan, in determining the Common Stock Price under this Section 1.11 of the Plan, the terms “closing price on the New York Stock Exchange” and
“most recent closing price on the New York Stock Exchange” shall not be construed to mean the adjusted closing price on the New York Stock Exchange. For purposes of determining the Common Stock Price immediately after the Spin-off Date,
the terms in Appendix C shall apply. 
 1.12 Cycle Beginning Date. With respect to a Performance Cycle, the first (1st) day of
the Performance Cycle. 
 1.13 Cycle Ending Date. With respect to a Performance Cycle, the last day of the Performance Cycle or, if
earlier, the date during the Performance Cycle as of which this Plan shall terminate. 
 1.14 Danaher EDIP. The Danaher
Corporation & Subsidiaries Executive Deferred Incentive Program. Certain benefits of Participants were transferred from the Danaher EDIP to this Plan, and are subject to those terms as provided in Appendix C. 

1.15 Deferral Account. With respect to a Participant, the account (if any) maintained on behalf of the Participant to record the Salary
Deferral Amounts (if any) and Bonus Deferral Amounts (if any) that have been credited on the Participant’s behalf and any earnings credited thereto in accordance with the terms of this Plan. Amounts credited to this account on a
Participant’s behalf on and after January 1, 2013 with respect to Plan Years beginning on or after January 1, 2013, and any earnings credited thereto and any losses deducted therefrom in accordance with the terms of the Plan, shall be
recorded by Class Year pursuant to Section 9.4. 
 1.16 Distributable Amount. With respect to any specified date coincident with
or subsequent to the Eligibility Termination Date of a Participant or a deceased Participant, the balance (if any) as of the specified date in the Participant’s Distribution Account (subsequent to any crediting thereof pursuant to
Section 3.5 as of such Eligibility Termination Date). 
 1.17 Distribution Account. With respect to a Participant, the account
(if any) maintained on behalf of the Participant to record the amounts to be distributed to the Participant or his or her Beneficiary or Beneficiaries and any earnings credited thereto in accordance with the terms of this Plan. Amounts credited to
this account on a Participant’s behalf on and after January 1, 2013 with respect to Plan Years beginning on or after January 1, 2013, and any earnings credited thereto and any losses deducted therefrom in accordance with the terms of
the Plan, shall be recorded by Class Year pursuant to Section 9.4. 

  
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 1.18 Distribution Date. With respect to a Participant or a deceased Participant whose
Employment Termination Date has occurred, the date as of which the Distributable shall be paid to the Participant or the deceased Participant’s Beneficiary or Beneficiaries, as applicable, or the date as of which the first
(1st) installment of the Distributable Amount shall be paid to the Participant. 
 1.19 ERISA. The Employee Retirement Income
Security Act of 1974, as it may be amended from time to time. 
 1.20 Earnings Credit. With respect to a Participant, a nominal amount
determined pursuant to Sections 3.2(f), 3.3(d), 3.4(b), and 3.5(b) of this Plan for crediting to or deducting from the Participant’s Deferral Account, Benefit Account, Rollover Account, and Distribution Account pursuant to Sections 3.2(f),
3.3(d), 3.4(b), and 3.5(b) respectively, of this Plan; provided, however, that, notwithstanding the foregoing, the Plan Sponsor acknowledges that increases and decreases in the value of the Notional Shares and other amounts credited to any of the
aforementioned Accounts that are invested in the Common Stock investment option shall arise from increases and decreases in the value of Common Stock rather than from the crediting of earnings. Notwithstanding any provision of the Plan to the
contrary and pursuant to Section 9.4, notional amounts described in this Section shall be recorded by Class Year under each of a Participant’s Deferral Account, Benefit Account, Rollover Account, and Distribution Account with respect to
amounts credited to such Accounts for Plan Years beginning on or after January 1, 2013. 
 1.21 Earnings Crediting Rate. With
respect to a Participant, the rate at which nominal earnings shall be credited to, or nominal losses shall be deducted from, all or a designated portion of the Participant’s Deferral Account, Benefit Account, Rollover Account and Distribution
Account, as determined pursuant to Sections 3.2, 3.3, 3.4, and 3.5 respectively, of this Plan; provided, however, that, notwithstanding the foregoing, the Plan Sponsor acknowledges that increases and decreases in the value of the Notional Shares and
other amounts credited to any of the aforementioned Accounts that are invested in the Common Stock investment option shall arise from increases and decreases in the value of Common Stock rather than from the crediting of earnings. Notwithstanding
any provision of the Plan to the contrary and pursuant to Section 9.4, the rate at which nominal earnings shall be credited to, or nominal losses shall be deducted from, all or a designated portion of the Participant’s Deferral Account,
Benefit Account, Rollover Account and Distribution Account shall be administered on the basis of Class Year with respect to amounts credited to such Accounts for Plan Years beginning on or after January 1, 2013. 

1.22 Effective Date. The close of the New York Stock Exchange on May 31, 2016. 

1.23 Eligible Compensation. 

(a) Cycle Beginning Date Prior to January 1, 2004. With respect to a Participant for a Performance Cycle beginning prior to
January 1, 2004: 
 (i) Eligible Employee on Cycle Beginning Date. If the Participant’s Participation Date occurs on or
before the Cycle Beginning Date of the Performance Cycle and the Participant is an Eligible Employee on such Cycle Beginning Date, the product (rounded to two (2) decimal places) of (i) the Applicable Percentage, (ii) PV Factor 1+2+3,
and (iii) the Participant’s Target Compensation. 

  
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 (ii) Eligible Employee After Cycle Beginning Date. If the Participant’s
Participation Date occurs after the Cycle Beginning Date of the Performance Cycle but during the Performance Cycle, the product (rounded to two (2) decimal places) of the Applicable Percentage and the amount determined in accordance with
Paragraphs (i) through (iii) below, as applicable, depending on the Plan Year in the Performance Cycle during which the Participant’s Participation Date occurs: 

(A) First Plan Year. If the Participant’s Participation Date occurs during the first (1st) Plan Year in the Performance
Cycle, such amount shall equal the sum of (A) the product of (I) PV Factor 0 based on the Months Factor, (II) the Participant’s Target Compensation, (III) the Months Factor, and (IV) one-twelfth (1/12) and (B) the product of
(I) PV Factor 1+2 and (II) the Participant’s Target Compensation. 
 (B) Second Plan Year. If the Participant’s
Participation Date occurs during the second (2nd) Plan Year in the Performance Cycle, such amount shall equal the sum of (A) the product of (I) PV Factor 0 based on the Months Factor, (II) the Participant’s Target Compensation,
(III) the Months Factor, and (IV) one-twelfth (1/12) and (B) the product of (I) PV Factor 1 and (II) the Participant’s Target Compensation. 

(C) Third Plan Year. If the Participant’s Participation Date occurs during the third (3rd) Plan Year in the Performance
Cycle, such amount shall equal the product of (A) PV Factor 0 based on the Months Factor, (B) the Participant’s Target Compensation, (C) the Months Factor, and (D) one-twelfth (1/12). 

(b) Cycle Beginning Date on or After January 1, 2004. With respect to a Participant for a Performance Cycle beginning on or after
January 1, 2004: 
 (i) Eligible Employee on Cycle Beginning Date. If the Participant’s Participation Date occurs on or
before the Cycle Beginning Date of the Performance Cycle and the Participant is an Eligible Employee on such Cycle Beginning Date, the product (rounded to two (2) decimal places) of (I) the Applicable Percentage and (II) the
Participant’s Target Compensation. 
 (ii) Eligible Employee After Cycle Beginning Date. If the Participant’s Participation
Date occurs after the Cycle Beginning Date but during the Performance Cycle, the product (rounded to two (2) decimal places) of (I) the Applicable Percentage, (II) the Participant’s Target Compensation, and (III) the Months Factor for
the month in which the Participant’s Participation Date occurs. 
 1.24 Eligible Employee. (a) An Employee who was hired on
or before May 31, 2016, and who is an Initial Participant, (b) an Employee who was hired after May 31, 2016, and whose employment position is listed in the records prepared and maintained by the Administrator, or (c) effective on
and after May 31, 2016, an Employee who is a Rollover Participant. Notwithstanding the foregoing sentence, the Administrator, in his or her sole discretion, may determine that an Employee who was hired on or before May 31, 2016, and who is
not an Initial Participant shall become an Eligible Employee under such circumstances as the Administrator, in his or her sole discretion, may deem appropriate so long as the Employee has an employment position that is listed in the records prepared
and maintained by the Administrator. 

  
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 1.25 Eligibility Termination Date. With respect to a Participant who is an Eligible
Employee, the earliest of (a) the Participant’s Employment Termination Date, or (b) the date that the Participant is no longer an Eligible Employee as defined in Section 1.24(b). 

1.26 Employee. An Employee is an individual who performs services for an Employer. 

1.27 Employer. (a) The Plan Sponsor or (b) an employer that is a member of the Plan Sponsor’s “controlled group of
corporations, trades, or businesses,” as such term shall be defined in Code Sections 414(b) and 414(c), and that has adopted this Plan with the approval of the Plan Sponsor. 

1.28 Employment Termination Date. With respect to a Participant, the earlier of the date that the Participant ceases being an Employee
or the date as of which this Plan is terminated. Notwithstanding the foregoing, with respect to any Section 409A Amount of a Participant, the Participant’s “Employment Termination Date” shall be the date that the Participant
separates from service with all Employers, whether by death, retirement, or other termination of employment, in a manner consistent with the definition in Treas. Reg. Section 1.409A-1(h). 

1.29 Grandfathered Amount. With respect to a Participant, any portion of the following account balances that was vested as of
December 31, 2004: the Performance Shares Account, the Benefit Account, the Deferral Account, the Rollover Account, and the Distribution Account; and any earnings credited thereto and any losses deducted therefrom on or after January 1,
2005, in accordance with the terms of the Plan. 
 1.30 Identification Date. December 31 of each calendar year thereafter. 

1.31 Initial Participant. An Employee who was a participant in the Danaher EDIP and who became a Participant as of the close of the New
York Stock Exchange on May 31, 2016, and is designated as an initial participant in the records prepared and maintained by the Administrator. 

1.32 Long-term Rate. With respect to a Performance Cycle, the closing price of the ten (10)-year Treasury bond rate on the business day
last preceding the Cycle Beginning Date of the Performance Cycle or such other long-term interest rate as shall be determined for the remainder of the Performance Cycle by the Administrator in his or her sole discretion. 

1.33 Months Factor. With respect to a Performance Cycle and a Participant whose Participation Date occurs after the Cycle Beginning Date
of the Performance Cycle but during the Performance Cycle, the number of months between the Participant’s Participation Date and the last day of the Plan Year during such Performance Cycle in which his or her Participation Date occurred as
provided in Appendix B. 
 1.34 Notional Share. One (1) notional share equivalent in value to one (1) share of Common Stock.

  
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 1.35 PV Factor 0. With respect to a Performance Cycle with a Cycle Beginning Date before
January 1, 2004, and a Participant whose Participation Date occurs after the Cycle Beginning Date of the Performance Cycle but during the Performance Cycle, a present value factor applicable in determining the Participant’s Eligible
Compensation for the Performance Cycle, which shall be (a) the factor provided in Appendix B based on the applicable Months Factor and an interest rate of eight percent (8%) per annum, compounded annually, or (b) such other factor as
shall be similarly calculated as shall be determined by the Administrator in his or her sole discretion. 
 1.36 PV Factor 1. With
respect to a Performance Cycle with a Cycle Beginning Date before January 1, 2004, and a Participant whose Participation Date occurs after the Cycle Beginning Date of the Performance Cycle but during the second (2nd) Plan Year during the
Performance Cycle, a present value factor applicable in determining the Participant’s Eligible Compensation for the Performance Cycle, which shall be (a) the factor provided in Appendix B based on an interest rate of eight percent
(8%) per annum, compounded annually, or (b) such other factor as shall be similarly calculated as shall be determined by the Administrator in his or her sole discretion. 

1.37 PV Factor 1+2. With respect to a Performance Cycle with a Cycle Beginning Date before January 1, 2004, and a Participant whose
Participation Date occurs after the Cycle Beginning Date of the Performance Cycle but during the first (1st) Plan Year during the Performance Cycle, a present value factor applicable in determining the Participant’s Eligible Compensation
for the Performance Cycle, which shall be (a) the factor provided in Appendix B based on an interest rate of eight percent (8%) per annum, compounded annually, or (b) such other factor as shall be similarly calculated as shall be
determined by the Administrator in his or her sole discretion. 
 1.38 PV Factor 1+2+3. With respect to a Performance Cycle with a
Cycle Beginning Date before January 1, 2004, and a Participant whose Participation Date occurs on or before the Cycle Beginning Date of the Performance Cycle, a present value factor applicable in determining the Participant’s Eligible
Compensation for the Performance Cycle, which shall be (a) the factor provided in Appendix B based on an interest rate of eight percent (8%) per annum, compounded annually, or (b) such other factor as shall be similarly calculated as
shall be determined by the Administrator in his or her sole discretion. 
 1.39 Participant. A Participant is an Eligible Employee or
former Eligible Employee who is participating in this Plan pursuant to Article II. 
 1.40 Participation Date. With respect to an
Eligible Employee, the date (if any) as of which the Eligible Employee shall become a Participant as determined pursuant to Section 2.1. 

1.41 Payroll Period. With respect to an Eligible Employee, a period with respect to which the Eligible Employee receives a pay check or
otherwise is paid for services that he or she performs during the period for an Employer. 
 1.42 Performance Cycle. The three
(3) consecutive Plan Years beginning on March 1, 1995 or any successive period of three (3) consecutive Plan Years. Effective January 1, 2004, a period of one (1) Plan Year. 

1.43 Performance Share. One (1) Notional Share. 

  
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 1.44 Performance Shares Account. With respect to a Participant, the account maintained on
behalf of the Participant to record the Performance Shares (if any) that have been credited on the Participant’s behalf for a Performance Cycle. Amounts credited to this account on a Participant’s behalf on and after January 1, 2013
with respect to Plan Years beginning on or after January 1, 2013, and any earnings credited thereto and any losses deducted therefrom in accordance with the terms of the Plan, shall be recorded by Class Year pursuant to Section 9.4. 

1.45 Plan. Fortive Executive Deferred Incentive Plan, as it is set forth herein and as it may be amended from time to time. 

1.46 Plan Sponsor. The Plan Sponsor is FTV Employment Services LLC, and its successors or assigns; provided that the Plan Sponsor shall
become Fortive Corporation, and its successors and assigns on the Spin-off Date. 
 1.47 Plan Year. The Plan Year is the calendar
year. For 2016, the initial Plan Year shall be from the close of the New York Stock Exchange on May 31 through December 31. 
 1.48
Rollover Account. With respect to a Rollover Participant, the account (if any) maintained on behalf of the Rollover Participant to record the Rollover Amount (if any) that has been credited on the Rollover Participant’s behalf and any
earnings credited thereto in accordance with the terms of this Plan. Amounts credited to this account on a Participant’s behalf on and after January 1, 2013 with respect to Plan Years beginning on or after January 1, 2013, and any
earnings credited thereto and any losses deducted therefrom in accordance with the terms of the Plan, shall be recorded by Class Year pursuant to Section 9.4. 

1.49 Rollover Amount. With respect to a Rollover Participant, the nonforfeitable dollar amount as of a specified date that the
Administrator has permitted to be credited under this Plan pursuant to Section 3.4 of this Plan. 
 1.50 Rollover Participant. An
Employee who elects to transfer to this Plan a nonforfeitable dollar amount previously granted to the Employee under another arrangement maintained by an employer as permitted by the Administrator in his or her sole discretion. 

1.51 Salary. With respect to a Participant for a Payroll Period, the total cash compensation (if any) that is payable to the Participant
by any Employer during the Payroll Period and that would be reportable on the Participant’s federal income tax withholding statement (Form W-2), including, but not limited to, salary and overtime pay, but excluding any Bonus that is payable to
the Participant during the Payroll Period, plus remuneration as defined in Code Section 3401(a)(8)(A) to the extent not otherwise reported on the Participant’s Form W-2 (excluding housing, COLA, tax equalization, hardship and special
allowances). Solely for purposes of documenting administrative practice under the terms of the Plan, under this Section 1.51 of the Plan, any hiring bonus paid to a Participant for a Payroll Period may be considered to be part of the Salary
that is payable to the Participant by any Employer for the Payroll Period. 
 1.52 Salary Deferral Amount. With respect to a
Participant for a Plan Year, an amount of the Participant’s Salary for a Payroll Period during the Plan Year that the Participant has elected to defer pursuant to Section 3.2. 

  
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 1.53 Salary Deferral Contribution. The term “Salary Deferral Contribution” shall
be defined in this Plan as it shall be defined in the 401(k) Plan. 
 1.54 Section 409A Amount. With respect to a Participant,
any of the following amounts: (1) the portion of the Participant’s Benefit Account that is unvested as of December 31, 2004 (if any), determined as the product of (I) the balance in the Participant’s Benefit Account as of
December 31, 2004 and (II) the difference between one hundred percent (100%) and the applicable Vesting Percentage attributable to the Participant’s Benefit Amounts as of December 31, 2004, determined in accordance with
Section 3.3(e)(iii) of the Plan, and any earnings credited thereto and any losses deducted therefrom on or after January 1, 2005 in accordance with the terms of the Plan; and (2) any and all Benefit Amounts, Bonus Deferral Amounts,
Salary Deferral Amounts, Performance Shares, and Rollover Amounts that in accordance with the terms of the Plan are credited on the Participant’s behalf on and after January 1, 2005, and any earnings credited thereto and any losses
deducted therefrom in accordance with the terms of the Plan (as well as any Distribution Amounts attributable to the amounts described in this subsection (2)). Any Rollover Amount credited on behalf of a Rollover Participant on or after
January 1, 2005 shall be not deemed to be a Section 409A Amount to the extent expressly provided in connection with any merger or consolidation of a nonqualified deferred compensation plan (as defined in Code Section 409A) with and
into this Plan. A Participant’s Section 409A Amounts attributable to Plan Years commencing on or after January 1, 2013 shall be determined on the basis of Class Year, and with respect to each Class Year, the aggregate of his or her
Salary Deferral Amount (if any), Bonus Deferral Amount (if any), and Benefit Amount (if any) for each Class Year, and any earnings credited thereto and any losses deducted therefrom in accordance with the terms of the Plan, shall be deemed a
separate Section 409A Amount for purposes of this Plan. 
 1.55 Specified Employee. An Employee who is a “key employee”
as such term is defined in Code Section 416(i) without regard to Code Section 416(i)(5). For purposes of determining which Employees are key employees, an Employee is a key employee if the Employee meets the requirements of Code
Section 416(i)(A)(i), (ii) or (iii) (applied in accordance with the regulations thereunder and disregarding Code Section 416(i)(5)) at any time during the 12-month period ending on an Identification Date; provided, however, that
all Employees who are nonresident aliens during the entire 12-month period ending with the relevant Identification Date shall be excluded in any such determination. 

1.56 Spin-off Date. The date that the Employers leave the Danaher Corporation controlled group. 

1.57 Target Bonus. With respect to a Participant for a Plan Year, the target bonus (if any) that may be earned by the Participant for the Plan
Year as determined in accordance with the Employer’s bonus program applicable to such Participant as from time to time in effect. 

1.58 Target Compensation. With respect to a Participant for a Performance Cycle, the sum of (a) the Participant’s annual base
salary for the first (1st) Plan Year in the Performance Cycle or, if later, the Plan Year in the Performance Cycle during which the Participant’s Participation Date occurs and (b) the Participant’s Target Bonus for the same such
Plan Year. Effective January 1, 2004, with respect to a Participant for a Performance Cycle, the sum of (a) the Participant’s annual base salary for the Performance Cycle and (b) the Participant’s Target Bonus for the same
such Performance Cycle. 

  
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 1.59 Trust Agreement. Trust Agreement for the Fortive Executive Deferred Incentive Plan,
if any, as it may be amended from time to time. 
 1.60 Valuation Date. The monthly or other more frequent periodic date selected by
the Administrator to value Benefit Accounts, Deferral Accounts, Rollover Accounts, and Distribution Accounts. With respect to a Participant whose Eligibility Termination Date does not coincide with a Valuation Date defined in the preceding sentence,
the Participant’s Eligibility Termination Date shall be deemed a Valuation Date solely with respect to that Participant. 
 1.61
Valuation Period. A period beginning on a Valuation Date and ending on the day before the next succeeding Valuation Date. 
 1.62
Vesting Percentage. With respect to a Benefit Amount and Performance Shares credited to a Participant’s Benefit Account, the percentage to be applied to such Benefit Amount and Performance Shares to determine the amount thereof to which
the Participant shall have a nonforfeitable right, subject to any provision to the contrary in Section 3.3 or 5.9 or the Trust Agreement. 

1.63 Vesting Year of Participation. Effective January 1, 2004, with respect to a Participant other than a Rollover Participant, a
twelve (12)-consecutive month period beginning on (A) the later of (i) January 1, 2004 or (ii) the January 1st commencing with or next following the Participant’s
Participation Date, or (B) an anniversary thereof during which the Participant remains an Eligible Employee, where the term “Eligible Employee” shall be defined only as in Sections 1.24(a) and (b) of this Plan; provided, however,
that, in the case of a Participant who shall be absent from employment with an Employer for any reason for more than six (6) consecutive weeks, unless otherwise determined by the Administrator in his or her sole discretion, the Participant
shall not be deemed to have remained an Eligible Employee for purposes of this Section and the date as of which any future Years of Participation shall be determined for the Participant shall begin on the date of his or her return (if any) from such
absence. 
 1.64 Year of Participation. With respect to a Participant other than a Rollover Participant, (i) the ten
(10)-consecutive month period beginning on March 1, 1995, and (ii) a twelve (12)-consecutive month period beginning on (A) the Participant’s Participation Date, or (B) an anniversary thereof during which the Participant
remains an Eligible Employee, where the term “Eligible Employee” shall be defined only as in Sections 1.24(a) and (b) of this Plan; provided, however, that, in the case of a Participant who shall be absent from employment with an
Employer for any reason for more than six (6) consecutive weeks, unless otherwise determined by the Administrator in his or her sole discretion, the Participant shall not be deemed to have remained an Eligible Employee for purposes of this
Section and the date as of which any future Years of Participation shall be determined for the Participant shall begin on the date of his or her return (if any) from such absence. 

  
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 1.65 Year of Service. With respect to a Participant, a twelve (12)-consecutive month
period beginning on the Participant’s employment date with an Employer or an anniversary thereof during which the Participant remains an Employee; provided, however, that, in the case of a Participant who shall be absent from employment with an
Employer for any reason for more than six (6) consecutive weeks, unless otherwise determined by the Administrator in his or her sole discretion, the Participant shall not be deemed to have remained an Employee for purposes of this Section and
the date as of which any future Years of Service shall be determined for the Participant shall begin on the date of his or her return (if any) from such absence. 

1.66 401(k) Plan. The Fortive Retirement Savings Plan or any successor thereto, as it may be amended from time to time. 

  
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 ARTICLE II 

PARTICIPATION 
 2.1
Commencement of Participation. An Eligible Employee who is an Initial Participant may become a Participant as of May 31, 2016, and any other Eligible Employee may become a Participant as of the date that is the first (1st) day of a
month and that coincides with or follows the later of May 31, 2016, or the date that the individual became an Eligible Employee; provided that the Eligible Employee completes an enrollment form (in electronic or paper form as determined by the
Administrator) and files it with the Administrator within the time period specified by the Administrator. For Initial Participants, applicable elections from the Danaher EDIP will continue to apply to such Participant’s compensation in 2016 and
accounts as provided in Appendix C. 
 2.2 Termination of Participation. 

(a) Participant Ceases Being an Eligible Employee. A Participant who ceases being an Eligible Employee but remains an Employee shall
cease being a Participant as of his or her Eligibility Termination Date if the Participant’s Distributable Amount as of such date (as determined subsequent to any crediting of his or her Distribution Account pursuant to Section 3.5 as of
such date) equals zero (0). 
 (b) Participant Ceases Being an Employee. A Participant who ceases being an Employee shall cease being
a Participant as of the earlier of the Participant’s date of death or the date as of which the Participant’s Distributable Amount (as determined subsequent to any crediting of his or her Distribution Account pursuant to Section 3.5 as
of his or her Eligibility Termination Date) equals zero (0). 

  
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 ARTICLE III 

ACCOUNTS AND VESTING 
 3.1
Performance Share Accounts. 
 (a) Award of Performance Shares. With respect to each Performance Cycle, the Administrator
shall credit Participants’ Performance Shares Accounts with Performance Shares in accordance with the following: 
 (i) Eligible
Employee on Cycle Beginning Date. With respect to each Participant whose Participation Date occurred on or before the Cycle Beginning Date of the Performance Cycle, if the Participant shall be an Eligible Employee on the Cycle Beginning Date,
the Administrator shall credit the Participant’s Performance Shares Account as of the Cycle Beginning Date (but subsequent to any zeroing of such account pursuant to Section 3.3) with a number of Performance Shares equal to the quotient
(rounded to the nearer whole number) of (A) the Participant’s Eligible Compensation and (B) the Common Stock Price as of the Cycle Beginning Date. 

(ii) Eligible Employee After Cycle Beginning Date. With respect to each Participant whose Participation Date occurs after the Cycle
Beginning Date of the Performance Cycle but during the Performance Cycle, the Administrator shall credit the Participant’s Performance Shares Account as of his or her Participation Date with a number of Performance Shares equal to the quotient
(rounded to the nearer whole number) of (A) the Participant’s Eligible Compensation and (B) the Common Stock Price as of the Participant’s Participation Date. 

(b) Limitations With Respect To Performance Shares. 

(i) No Shareholder Rights. A Performance Share has no legal relation to a share of Common Stock and, accordingly, no Participant who
has a balance in his or her Performance Shares Account shall be entitled to any dividend, voting, or other rights of a shareholder of Common Stock with respect to the Performance Shares in his or her Performance Shares Account. 

(ii) No Right to Payment. No payment shall be made for any one (1) or more of the Performance Shares in a Participant’s
Performance Shares Account except as provided in Section 4.2. 
 (iii) Cancellation of Performance Shares. The Administrator may
cancel all or any number of the Performance Shares in a Participant’s Performance Shares Account with the written consent of the Participant. 

3.2 Deferral Accounts. 

(a) Election to Defer. Subject to this Section: 

  
 13 

 (i) Bonus Deferral Amounts. A Participant who is an Eligible Employee may elect to have
an amount of his or her Target Bonus for a Plan Year, a percentage of his or her Bonus for a Plan Year, or any amount (in whole dollars) of his or her Bonus as exceeds a specified amount deferred as a Bonus Deferral Amount for the next succeeding
Plan Year; provided that the actual amount deferred shall not exceed the Participant’s Bonus. Effective for Plan Years beginning on or after January 1, 2013, any election by a Participant to defer of a whole percentage of his or her Bonus
for a Plan Year shall not exceed eighty-five percent (85%) of such Bonus for the Plan Year. 
 (ii) Salary Deferral Amounts. A
Participant who is an Eligible Employee may elect to have an amount of his or her Salary for each Payroll Period in a Plan Year during which he or she shall be an Eligible Employee deferred as a Salary Deferral Amount. Effective for Plan Years
beginning on or after January 1, 2013, with respect to a Participant’s Salary for a Payroll Period during a Plan Year, a Participant may only elect to have deferred as a Salary Deferral Amount a whole percentage not to exceed eighty-five
percent (85%) of such Salary for a Payroll Period; elections of fixed dollar amounts shall no longer permitted for Plan Years beginning on or after January 1, 2013. 

(b) Election Procedures. Subject to any further procedures established by the Administrator pursuant to Article V, and Appendix C, any
election made by a Participant pursuant to Subsection (a) above shall be subject to the procedures described in Paragraphs (i) through (iv) below: 

(i) Initial Opportunity to Defer. 

(A) Bonus Deferral Amounts. The Participant may elect to have a Bonus Deferral Amount deferred on his or her behalf with respect to the
Participant’s Target Bonus or Bonus for the Plan Year in which the Participant’s Participation Date occurs by so indicating on the enrollment form required pursuant to Section 2.1. 

(B) Salary Deferral Amounts. The Participant may elect to have Salary Deferral Amounts deferred on his or her behalf with respect to
the Participant’s Salary for the Plan Year in which the Participant’s Participation Date occurs by so indicating on the enrollment form required pursuant to Section 2.1. Such election shall be effective for Payroll Periods during such
Plan Year or the remainder of such Plan Year, as applicable, beginning as soon as administratively possible on or after the latest of (I) the Participant’s Participation Date, or (II) the date that the Participant files the properly
completed enrollment form with the Administrator. 
 (ii) Subsequent Opportunities to Defer. 

(A) Bonus Deferral Amounts. The Participant may elect to have a Bonus Deferral Amount deferred on his or her behalf with respect to the
Participant’s Target Bonus or Bonus for a Plan Year subsequent to the Plan Year in which the Participant’s Participation Date occurs by properly completing an election form and filing the form with the Administrator prior to the first
(1st) day of such subsequent Plan Year. 

  
 14 

 (B) Salary Deferral Amounts. The Participant may elect to have Salary Deferral Amounts
deferred on his or her behalf with respect to the Participant’s Salary for a Plan Year subsequent to the Plan Year in which the Participant’s Participation Date occurs by properly completing an election form and filing the form with the
Administrator prior to the first (1st) day of such subsequent Plan Year. Such election shall be effective for Payroll Periods during the respective Plan Year beginning as soon as administratively possible on or after the first (1st) day of
the Plan Year. 
 (iii) No Revocations. A Participant may not, at any time, revoke a previous election with respect to a Bonus
Deferral Amount or Salary Deferral Amounts. 
 (iv) Termination of Election. A Participant’s election concerning a Bonus
Deferral Amount or Salary Deferral Amounts shall terminate on the earlier of (A) the date as of which the last amount or the only amount, as applicable, designated to be withheld under such election shall be withheld or (B) the
Participant’s Eligibility Termination Date. 
 (c) Withholding by Employer. 

(i) Bonus Deferral Amounts. The Employer of a Participant who has in effect an election with respect to a Bonus Deferral Amount
pursuant to Subsection (b) above shall withhold the designated Bonus Deferral Amount from the Participant’s Bonus and shall notify the Administrator that such amount was withheld as soon as administratively possible after the withholding
thereof. 
 (ii) Salary Deferral Amounts. The Employer of a Participant who has in effect an election with respect to Salary Deferral
Amounts pursuant to Subsection (b) above for a Payroll Period shall withhold the designated Salary Deferral Amount from the Participant’s Salary for the Payroll Period and shall notify the Administrator that such amount was withheld as
soon as administratively possible after the withholding thereof; provided, however, that, after the first such notice by the Employer to the Administrator, the Employer shall only notify the Administrator of any change in the withholding of Salary
Deferral Amounts. 
 (d) Crediting of Deferral Amounts. As soon as administratively possible after the Administrator shall have
received notice (or shall be deemed to have received notice pursuant to Subsection (c)(ii) above) that a Bonus Deferral Amount or a Salary Deferral Amount has been withheld on behalf of a Participant, the Administrator shall credit the
Participant’s Deferral Account by such amount. 
 (e) Crediting of Additional Amounts. 

(i) In General. For each Plan Year and as soon as administratively possible thereafter, the Administrator shall credit to the Deferral
Account of each Participant with respect to whom the requirements in Paragraph (ii) below shall be met an amount (if any) that shall be determined by the Administrator in his or her sole discretion and that shall be intended to compensate for
employer contributions that may have been foregone by the Participant under the 401(k) Plan or any other qualified plan maintained by an Employer due to the fact that a Bonus Deferral Amount and/or Salary Deferral Amounts were credited to the
Participant’s Salary Deferral Account for the Plan Year. 

  
 15 

 (ii) Requirements for Additional Amount. A Participant shall be eligible to have an
amount credited to his or her Deferral Account for a Plan Year in accordance with Paragraph (i) above if the following requirements are met with respect to the Participant: 

(A) A Bonus Deferral Amount and/or Salary Deferral Amounts were credited to the Participant’s Salary Deferral Account for the Plan Year;

 (B) The Participant had completed at least one (1) One Year of Service uninterrupted by a One-year Break in Service as of
July 1 of the Plan Year; 
 (C) The Participant’s Eligibility Termination Date had not occurred as of the last day of the Plan
Year; and 
 (D) The Participant’s Basic Compensation for the Plan Year does not exceed the Compensation Limitation for the Plan Year;

 where, for purposes of this Paragraph, the terms “One Year of Service,” “One-year Break in Service,” “Basic Compensation”
and “Compensation Limitation” shall be as defined in the 401(k) Plan or other qualified plan maintained by an Employer, as applicable. 

(f) Crediting of Earnings. 

(i) Elections. A Participant may elect as the Earnings Crediting Rate that shall apply to all or a designated portion of the
Participant’s Deferral Account the earnings rate on one (1) of the investment options that the Administrator shall from time to time designate. A Participant makes his or her initial election of the Earnings Crediting Rate(s) that shall
apply to the Participant’s Deferral Account by properly completing an investment option election and filing it with the Administrator. A Participant who has filed an investment option election with the Administrator may elect to change his or
her investment election with respect to either the investment of future amounts credited to the Participant’s Deferral Account and/or the investment of all or a designated portion of the current balance of the Participant’s Deferral
Account by so designating on a new investment option election and filing the election with the Administrator or, in accordance with procedures adopted by the Administrator, by so notifying the Administrator in any manner acceptable to the
Administrator; provided, however, that a Participant may not change his or her investment election with respect to Common Stock and any such election of the Common Stock as an investment option shall be irrevocable and remain in effect until the
Participant’s Distributable Amount is distributed pursuant to Section 4.2 of this Plan. Except as otherwise provided by the Administrator with respect to one (1) or more investment options, any initial investment election made
pursuant to this Paragraph shall be effective as soon as administratively possible after August 31, 2003, and any subsequent investment election made pursuant to this Paragraph shall be effective as soon as administratively possible after the
date that the Participant files the investment option election with the Administrator or otherwise notifies the Administrator of his or her election, and each investment election shall continue in effect until the effective date of a subsequent
investment election properly made. Notwithstanding the foregoing, with respect to any Participant who is required to file reports with the Securities and Exchange Commission under Section 16 of the Securities Exchange Act of 1934, and the rules
promulgated thereunder, if the Participant has elected Common Stock as an investment option that shall apply to all or a portion of his or her Deferred Account, such investment option and Earnings Crediting Rate shall not become effective with

  
 16 

 
respect to any amounts deferred until the earlier of the April 30, July 31, October 31, or January 31 immediately following the date such amounts were deferred, and
during the period from the date of deferral until such April 30, July 31, October 31, or January 31, as applicable, the investment options and Earnings Crediting Rate that shall apply to such deferred amounts shall be
the fixed income fund investment option, or such other investment option as the Administrator shall determine. 
 The Administrator shall
adopt and may amend procedures to be followed by Participants in electing Earnings Crediting Rate(s) and, pursuant thereto, the Administrator may, among other actions, format investment option forms and establish deadlines for elections. 

(ii) No Election. The Administrator shall from time to time designate a fixed income fund or other investment option that shall be used
to establish the Earnings Crediting Rate that shall apply to the Deferral Account of any Participant who has not made an investment option election pursuant to Subparagraph (i) above. 

(iii) Earnings Credits. As of each Valuation Date, the Administrator shall determine the Earnings Credit applicable to the Deferral
Account of each Participant for the Valuation Period ending on the Valuation Date (or the portion thereof during which the Deferral Account was maintained): (i) if only one (1) Earnings Crediting Rate shall have applied to the Deferral
Account pursuant to Subsection (i) above, the Earnings Credit shall equal (A) the Earnings Crediting Rate (on an annual basis) times (B) the balance in the Deferral Account as of the later of the last preceding Valuation Date or the
date as of which the Deferral Account was established times (C) the days in the Valuation Period (or portion thereof) divided by (D) 365; and (ii) if more than one (1) Earnings Crediting Rate shall have applied to the Deferral
Account pursuant to Subsection (i) above, as applicable, the Earnings Credit shall equal the sum of each amount determined as (A) the Earnings Crediting Rate (on an annual basis) times (B) the portion of the balance in the Deferral
Account as of the later of the last preceding Valuation Date or the date as of which the Deferral Account was established to which such rate applied times (C) the days in the Valuation Period (or portion thereof) divided by (D) 365. 

(iv) Accounting. As of each Valuation Date, the balance in each Deferral Account maintained as of the Valuation Date shall be
determined as the amount calculated in accordance with the following: 
 (A) The balance (if any) in the Deferral Account as of the later of
the last preceding Valuation Date or the date as of which the Deferral Account was established; plus 
 (B) Any amounts credited to the
Deferral Account pursuant to Sections 3.2(d) and 3.2(e) of this Plan during the Valuation Period ending on the Valuation Date; plus 
 (C)
Any positive Earnings Credit determined for the Deferral Account pursuant to Section 3.2(f)(iii) of this Plan during the Valuation Period ending on the Valuation Date; less 

(D) Any negative Earnings Credit determined for the Deferral Account pursuant to Section 3.2(f)(iii) during the Valuation Period ending
on the Valuation Date. 

  
 17 

 (g) Vesting of Deferral Accounts. With respect to a Participant, the Participant’s
Deferral Account shall be at all times nonforfeitable. 
 3.3 Benefit Accounts. 

(a) Cyclical Accounting for Performance Cycle Ending December 31, 2003. 

(i) Crediting of Benefit Amounts. As of December 31, 2003, with respect to a Participant who has a balance in his or her
Performance Shares Account, the Administrator shall credit the Participant’s Benefit Account as follows: (1) with a Benefit Amount for the Performance Cycle ending on December 31, 2003, where such Benefit Amount shall equal fifty
percent (50%) (rounded to two (2) decimal places) of the product of (i) the number of Performance Shares in the Participant’s Performance Shares Account as of December 31, 2003, and (ii) the Common Stock Price as of
December 31, 2003; and (2) with a number of Performance Shares equal to fifty percent (50%) of the number of Performance Shares in the Participant’s Performance Share Account as of December 31, 2003; provided that the
Administrator shall account separately for each Benefit Amount credited to a Participant’s Account pursuant to this Subsection. 
 (ii)
Effect on Performance Shares Account. The Administrator shall reduce the number of Performance Shares in the Participant’s Performance Shares Account to zero (0). 

(iii) Annual Accounting. As of December 31, 2003, with respect to each Benefit Amount (if any) in a Participant’s Benefit
Account as of such date, the Administrator shall credit earnings on fifty percent (50%) of such Benefit Amount to the Participant’s Benefit Account, where the amount of such earnings shall equal the product (rounded to two (2) decimal
places) of (i) the Long-term Rate for the Performance Cycle in which the Plan Year occurs and (ii) the sum of (A) fifty percent (50%) of such Benefit Amount and (B) the aggregate amount (if any) of earnings thereon
previously credited to the Participant’s Benefit Account pursuant to this Subsection. 
 (b) Conversion of Other Benefit Amounts to
Performance Shares. As of January 1, 2004, the Administrator shall convert all of the Benefit Amounts in a Participant’s Benefit Account that previously were not credited with earnings at the Long-term Rate for a Performance Cycle
under Paragraph (a)(iii) above to Performance Shares by crediting the Participant’s Benefit Account with a number of Performance Shares equal to the quotient of (1) the aggregate of such Benefit Amounts, divided by (2) the Common
Stock Price on January 1, 2004, and then debiting the Participant’s Benefit Account by the aggregate of such Benefit Amounts. 

(c) Cyclical Accounting for Performance Cycles Beginning on or After January 1, 2004. Effective January 1, 2004, as of each
Cycle Beginning Date of a Performance Cycle, or Participation Date, that the Participant’s Performance Shares Account is credited with Performance Shares pursuant Section 3.1(a), the Administrator shall credit each Participant’s
Benefit Account with the number of Performance Shares in the Participant’s Performance Share Account as of such date and then the Administrator shall reduce the number of Performance Shares in the Participant’s Performance Share Account to
zero (0). 

  
 18 

 (d) Earnings Credits. 

(i) Performance Shares. The investment option and Earnings Crediting Rate applicable to the Performance Shares in the Benefit Account
of each Participant shall be Common Stock. As of each Valuation Date on or after January 1, 2004, the Administrator shall determine the Earnings Credit applicable to the Performance Shares in the Benefit Account of each Participant for the
Valuation Period ending on the Valuation Date (or the portion thereof during which the Deferral Account was maintained): the Earnings Credit for the Common Stock investment option shall equal (A) the Earnings Crediting Rate (on an annual basis)
times (B) the balance in the Benefit Account as of the later of the last preceding Valuation Date or the date as of which the Benefit Account was established times (C) the days in the Valuation Period (or portion thereof) divided by
(D) 365. 
 (ii) Benefit Amounts. As of the last day of each Plan Year beginning on or after January 1, 2004, with respect
to each Benefit Amount (if any) in a Participant’s Benefit Account as of the first (1st) day of such Plan Year other than Benefit Amounts consisting of Performance Shares, the Administrator shall credit earnings on such Benefit Amount to
the Participant’s Benefit Account, where the amount of such earnings shall equal the product (rounded to two (2) decimal places) of (i) the Long-term Rate for the Performance Cycle in which the Plan Year occurs and (ii) the sum
of (A) such Benefit Amount and (B) the aggregate amount (if any) of earnings thereon previously credited to the Participant’s Benefit Account. 

(iii) Accounting. As of each Valuation Date, the balance in each Benefit Account maintained as of the Valuation Date shall be
determined as the amount calculated in accordance with the following: 
 (A) The balance (if any) in the Benefit Account as of the later of
the last preceding Valuation Date or the date as of which the Benefit Account was established; plus 
 (B) Any amounts credited to the
Benefit Account pursuant to Section 3.3(c) of this Plan during the Valuation Period ending on the Valuation Date; plus 
 (C) Any
amounts credited to the Benefit Account pursuant to Section 3.3(e) of this Plan during the Valuation Period ending on the Valuation Date; plus 

(D) Any positive Earnings Credit determined for the Benefit Account pursuant to Section 3.3(d)(i) and 3.3(d)(ii) of this Plan during the
Valuation Period ending on the Valuation Date; less 
 (E) Any negative Earnings Credit determined for the Benefit Account pursuant to
Section 3.3(d)(i) during the Valuation Period ending on the Valuation Date. 
 (e) Accounting at Eligibility Termination Date.
As of the Eligibility Termination Date of a Participant, the Administrator shall take consecutively the actions in Paragraphs (i) through (iv) below, as applicable, which such actions shall be taken subsequently to the actions to be taken
by the Administrator pursuant to Subsections (c) and (d): 
 (i) Discretionary Crediting of Performance Shares. If the
Participant’s Eligibility Termination Date precedes the Cycle Ending Date of a Performance Cycle, the Administrator may, in his or her sole discretion, credit the Participant’s Benefit Account with a number of Performance Shares for the
Performance Cycle in which such Eligibility Termination Date occurs equal to the number of Performance Shares credited to such Benefit Account on the Cycle Beginning Date of such Performance Cycle. 

  
 19 

 (ii) Effect on Performance Shares Account. Except as otherwise provided in Paragraph
(i) above, unless the Participant’s Eligibility Termination Date coincides with the Cycle Ending Date of a Performance Cycle, the Administrator shall reduce the number of Performance Shares in the Participant’s Benefit Account by the
number of Performance Shares credited to such Benefit Account on the Cycle Beginning Date for the Performance Cycle or, if later, the Participant’s Participation Date. 

(iii) Determination of Vesting Percentages. The Administrator shall determine the Vesting Percentage applicable to the Benefit Amounts
including Performance Shares and any earnings thereon in the Participant’s Benefit Account, in accordance with the following: 
 (A)
Age and Service Vesting. 
 (1) If the Participant has both attained age fifty-five (55) and completed at least five
(5) Years of Service, the Participant’s Vesting Percentage applicable to the Benefit Amounts including Performance Shares and any earnings thereon shall be one hundred percent (100%). 

(2) Effective January 1, 2004, if such Paragraph (A)(1) above does not apply, the Participant’s Vesting Percentage applicable to the
Benefit Amounts including Performance Shares and any earnings thereon shall be determined as follows: 
  

			
	 VESTING YEARS
OF
 PARTICIPATION
	  	 VESTING

PERCENTAGE

	 Less than 5 years
	  	0
	 5 years but less than 6 years
	  	10%
	 6 years but less than 7 years
	  	20%
	 7 years but less than 8 years
	  	30%
	 8 years but less than 9 years
	  	40%
	 9 years but less than 10 years
	  	50%
	 10 years but less than 11 years
	  	60%
	 11 years but less than 12 years
	  	70%
	 12 years but less than 13 years
	  	80%
	 13 years but less than 14 years
	  	90%
	 14 years or more
	  	100%

 (B) Vesting at Death. If the Participant has died, the Participant’s Vesting Percentage
applicable to the Benefit Amounts including Performance Shares and any earnings thereon shall be one hundred percent (100%). 

  
 20 

 (C) Partial Vesting for Initial Participants. If the Participant is an Initial
Participant and neither Subparagraph (A)(1) nor Subparagraph (B) above applies to the Participant, the Participant’s Vesting Percentage applicable to the Benefit Amounts including Performance Shares and any earnings thereon that correlate
with the Benefit Amounts previously credited for the Performance Cycle beginning on March 1, 1995 shall be sixty-six and two-thirds percent (66-2/3%); provided, however, that an Initial Participant’s Vesting Percentage may increase based
upon his or her Vesting Years of Participation pursuant to Subparagraph (A)(2) above (e.g., after completion of five (5) Years of Participation and seven (7) Vesting Years of Participation, an Initial Participant’s Vesting
Percentage will be seventy percent (70%)). 
 (D) No Vesting. Except as otherwise provided in Subparagraph (A), (B), or
(C) above, the Participant’s Vesting Percentage applicable to each such Benefit Amount including Performance Shares plus any such earnings thereon shall be zero percent (0%). 

(E) Gross Misconduct Exception to Vesting. Notwithstanding Subparagraph (A), (B) or (C) above, if the Administrator
determines, in his or her sole discretion, that the circumstances of and/or surrounding the Participant’s ceasing to be an Eligible Employee constitute gross misconduct on the part of the Participant, the Administrator may, in his or her sole
discretion, determine that the Participant’s Vesting Percentage applicable to the Benefit Amounts and the Performance Shares and earnings thereon shall be zero percent (0%). 

(iv) Forfeiture and Reduction of Benefit Account. If the Administrator determines pursuant to Paragraph (ii) above that the
Participant’s Vesting Percentage with respect to the Benefit Amounts including Performance Shares and earnings thereon, is less than one hundred percent (100%), the Administrator shall forfeit all or a portion of such Benefit Amount including
Performance Shares plus any earnings thereon by (A) reducing pro rata the Benefit Amounts and Performance Shares by the product (rounded to two (2) decimals) of (I) the Benefit Amounts and (II) the difference between one hundred
percent (100%) and the applicable Vesting Percentage and (B) reducing any such earnings by the product (rounded to two (2) decimals) of (I) the amount of such earnings and (II) the difference between one hundred percent
(100%) and the applicable Vesting Percentage. 
 (v) Crediting of Earnings and Debiting of Losses. In the event that a
Participant’s Eligibility Termination Date is neither a Valuation Date nor the last day of a Plan Year, such Eligibility Termination Date shall be deemed to be a Valuation Date and the last day of the Plan Year, and the Administrator shall
determine the applicable Earnings Credits (if any) and value the Participant’s Benefit Account in accordance with Section 3.3(d). 

3.4 Rollover Accounts. 

(a) Crediting of Rollover Amount. As soon as administratively possible following the Administrator’s determination of the Rollover Amount
with respect to a Rollover Participant, the Administrator shall credit to the Rollover Account of the Rollover Participant the Rollover Amount (if any) that shall be determined by the Administrator in his or her sole discretion. 

  
 21 

 (b) Crediting of Earnings. 

(i) Elections. A Rollover Participant may elect as the Earnings Crediting Rate that shall apply to all or a designated portion of the
Rollover Participant’s Rollover Account the earnings rate on one (1) of the investment options that the Administrator shall from time to time designate. A Rollover Participant make his or her initial election of the Earnings Crediting
Rate(s) that shall apply to the Rollover Participant’s Rollover Account by properly completing an investment option election and filing it with the Administrator. A Rollover Participant who has filed an investment option election with the
Administrator may elect to change his or her investment election with respect to either the investment of future amounts credited to the Rollover Participant’s Rollover Account and/or the investment of all or a designated portion of the current
balance of the Rollover Participant’s Rollover Account by so designating on a new investment option election and filing the election with the Administrator or, in accordance with procedures adopted by the Administrator, by so notifying the
Administrator in any manner acceptable to the Administrator; provided, however, that a Participant may not change his or her investment election of Common Stock and any such election of Common Stock as an investment option shall be irrevocable and
remain in effect until the Participant’s Distributable Amount is distributed pursuant to Section 4.2 of this Plan. Except as otherwise provided by the Administrator with respect to one (1) or more investment options, any initial
investment election made pursuant to this Paragraph shall be effective as soon as administratively possible, and any subsequent investment election made pursuant to this Paragraph shall be effective as soon as administratively possible after the
date that the Rollover Participant files the investment option election with the Administrator or otherwise notifies the Administrator of his or her election, and each investment election shall continue in effect until the effective date of a
subsequent investment election properly made. 
 The Administrator shall adopt and may amend procedures to be followed by Rollover
Participants in electing Earnings Crediting Rate(s) and, pursuant thereto, the Administrator may, among other actions, format investment option forms and establish deadlines for elections. 

(ii) No Election. The Administrator shall from time to time designate a fixed income fund or other investment option that shall be used
to establish the Earnings Crediting Rate that shall apply to the Rollover Account of any Rollover Participant who has not made an investment option election pursuant to Subparagraph (i) above. 

(iii) Earnings Credits. As of each Valuation Date, the Administrator shall determine the Earnings Credit applicable to the Rollover
Account of each Rollover Participant for the Valuation Period ending on the Valuation Date (or the portion thereof during which the Rollover Account was maintained): (i) if only one (1) Earnings Crediting Rate shall have applied to the
Rollover Account pursuant to Subsection (i) above, the Earnings Credit shall equal (A) the Earnings Crediting Rate (on an annual basis) times (B) the balance in the Rollover Account as of the later of the last preceding Valuation Date
or the date as of which the Rollover Account was established times (C) the days in the Valuation Period (or portion thereof) divided by (D) 365; and (ii) if more than one (1) Earnings Crediting Rate shall have applied to the
Rollover Account pursuant to Subsection (i) above, as applicable, the Earnings Credit shall equal the sum of each amount determined as (A) the Earnings Crediting Rate (on an annual basis) times (B) the portion of the balance in the
Rollover Account as of the later of the last preceding Valuation Date or the date as of which the Rollover Account was established to which such rate applied times (C) the days in the Valuation Period (or portion thereof) divided by
(D) 365. 

  
 22 

 (iv) Accounting. As of each Valuation Date, the balance in each Rollover Account
maintained as of the Valuation Date shall be determined as the amount calculated in accordance with the following: 
 (A) The balance (if
any) in the Rollover Account as of the later of the last preceding Valuation Date or the date as of which the Rollover Account was established; plus 

(B) Any positive Earnings Credit determined for the Rollover Account pursuant to Section 3.4(b)(iii) of this Plan during the Valuation
Period ending on the Valuation Date; less 
 (C) Any negative Earnings Credit determined for the Rollover Account pursuant to
Section 3.4(b)(iii) during the Valuation Period ending on the Valuation Date. 
 3.5 Distribution Accounts. 

(a) Accounting at Eligibility Termination Date. As of the Eligibility Termination Date of a Participant, the Administrator shall take
consecutively the actions in Paragraphs (i) and (ii) below, as applicable, which such actions shall be taken subsequently to the actions to be taken by the Administrator pursuant to Sections 3.2(f), 3.3(d), 3.3(e), and 3.4(b): 

(i) Crediting of Distributable Amount. The Administrator shall credit to the Participant’s Distribution Account the sum of
(A) the balance (if any) in his or her Benefit Account, and (B) the balance (if any) in his or her Deferral Account (if any), and (C) the balance (if any) in his or her Rollover Account (if any), and any and all investment elections
in effect with respect to each of such balances as of the Participant’s Eligibility Termination Date shall be maintained in full force and effect. 

(ii) Effect on Benefit Account, Deferral Account, and Rollover Account. The Administrator shall reduce the balance (if any) in the
Participant’s Benefit Account, the balance (if any) in the Participant’s Deferral Account (if any), and the balance (if any) in the Participant’s Rollover Account (if any) to zero dollars ($0). 

(b) Crediting of Earnings. 

(i) Performance Shares. With respect to the Performance Shares in a Participant’s Distribution Account, the Administrator shall
take the following actions during the period beginning on a Participant’s Eligibility Termination Date and ending on the Participant’s Employment Termination Date: 

(A) Accounting on Valuation Dates. As of each Valuation Date during the aforementioned period, the Administrator shall credit earnings
(if any) to the Performance Share in the Participant’s Distribution Account in accordance with the methodology set forth under Section 3.3(d)(i) of this Plan. 

(B) Accounting at Employment Termination Date. In the event that a Participant’s Employment Termination Date is not a Valuation
Date, such Employment Termination Date shall be deemed to be a Valuation Date and the Administrator shall credit earnings (if any) to the Performance Shares in the Participant’s Distribution Account in accordance with the methodology set forth
under Section 3.3(d)(i) of this Plan. 

  
 23 

 (ii) Prior Deferral Account and Rollover Account Balances. With respect to the portion of
a Participant’s Distribution Account previously transferred from his or her Deferral Account and/or Rollover Account and not consisting of Performance Shares, the Administrator shall take the following actions during the period beginning on a
Participant’s Eligibility Termination Date and ending on the Participant’s Employment Termination Date: 
 (A) Accounting on
Valuation Dates. As of each Valuation Date during the aforementioned period, the Administrator shall credit earnings (if any) to such portion of the Participant’s Distribution Account in accordance with the methodology set forth under
Section 3.2(f)(iii). 
 (B) Accounting at Employment Termination Date. In the event that a Participant’s Employment
Termination Date is not a Valuation Date, such Employment Termination Date shall be deemed to be a Valuation Date and the Administrator shall credit earnings (if any) on such portion of a Participant’s Distribution Account in accordance with
Section 3.2(f)(iii) and/or 3.4(b)(iii), as applicable. 
 (iii) Balance of Distribution Account. With respect to the balance of
a Participant’s Distribution Account after the crediting of earnings under Paragraphs (i) and (ii) above, the Administrator shall take the following actions during the period beginning on the Participant’s Eligibility Termination
Date and ending on the Participant’s Employment Termination Date: 
 (A) Annual Accounting Before Employment Termination Date.
As of the last day of each Plan Year during the aforementioned period, the Administrator shall credit earnings to the Distribution Account (if any) of each Participant whose Employment Termination Date has not occurred by the last day of the Plan
Year, where the amount of such earnings shall equal the product (rounded to two (2) decimal places) of (A) the Long-term Rate for the Performance Cycle in which the Plan Year occurs, (B) the sum of the monthly balances in the
Distribution Account during the Plan Year not otherwise credited with earnings under Paragraph (i) or (ii) above, and (C) the quotient (rounded to four (4) decimal places) of (I) the number of whole months during the Plan
Year in which the Distribution Account had a balance, and (II) twelve (12). 
 (B) Accounting at Employment Termination Date. As of
the Employment Termination Date of a Participant, if such date is later than the Participant’s Eligibility Termination Date, the Administrator shall credit earnings to the Participant’s Distribution Account, where the amount of such
earnings shall equal the product (rounded to two (2) decimal places) of (A) the Long-term Rate for the Performance Cycle in which the Participant’s Employment Termination Date occurred, (B) the sum of the monthly balances in the
Participant’s Distribution Account during the Plan Year in which his or her Employment Termination Date occurred not otherwise credited with earnings under Paragraph (i) or (ii) above, and (C) the quotient (rounded to four
(4) decimal places) of (I) the number of whole months during such Plan Year in which the Participant’s Distribution Account had a balance, and (II) twelve (12). 

  
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 (iv) Annual Accounting Following Employment Termination Date. With respect to a
Participant whose Employment Termination Date has occurred but who is receiving, or a deceased Participant whose Beneficiary or Beneficiaries are receiving, installment distributions of the Participant’s Distributable Amount pursuant to
Section 4.2, as of each anniversary date of the Participant’s Employment Termination Date, the Administrator shall credit earnings to the Participant’s Distribution Account, where the amount of such earnings shall equal the product
(rounded to two (2) decimal places) of (A) the Long-term Rate for the Performance Cycle in which such anniversary date occurs and (B) the balance in the Participant’s Distribution Account as of such anniversary date. 

  
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 ARTICLE IV 

DISTRIBUTION OF BENEFITS 

4.1 Election of Form and Medium of Distribution to Participant. Subject to Article IX and Appendix C, at the time a Participant
completes the enrollment form required by Section 2.1 and at any other such times as the Administrator, in his or her sole discretion, may prescribe: 

(a) The Participant may elect, in accordance with procedures established by the Administrator, to receive the Participant’s Distributable
Amount payable upon his or her Employment Termination Date in one of the following forms of distribution: 
 (i) a lump-sum distribution; or

 (ii) annual installments over two (2), five (5) or ten (10) years if: 

(A) with respect to any portion of the Participant’s Distributable Amount attributable to a Grandfathered Amount, the Participant has
(A) both attained age fifty-five (55) and completed at least five (5) Years of Service or (B) completed fifteen (15) Years of Participation; or 

(B) with respect to any portion of the Participant’s Distributable Amount attributable to a Section 409A Amount, the Participant has
both attained age fifty-five (55) and completed at least five (5) Years of Service. 
 (b) The Participant may elect, in
accordance with procedures established by the Administrator, to receive any such lump-sum distribution or annual installments in cash, in shares of Common Stock, or partially in cash and partially in shares of Common Stock; provided, however, that
any Performance Shares and any other portion of the Participant’s Distributable Amount with respect to which the Participant previously elected Common Stock as an investment option shall be paid in shares of Common Stock in accordance with
Section 4.2(d). 
 4.2 Distributions Upon Termination of Employment. Subject to Articles V and IX: 

(a) Available Benefits. Upon the Employment Termination Date of a Participant, the Participant or his or her Beneficiary or
Beneficiaries, if the Participant has died, shall be eligible to receive payment of the Distributable Amount. 
 (b) Form and Medium of
Payment. 
 (i) Payment to Participant. A Participant who is eligible for payment of the Distributable Amount pursuant to
Subsection (a) above shall receive the Distributable Amount in the form and medium elected by the Participant on the most recent election form filed by the Participant pursuant to Section 4.1 prior to the Plan Year in which his or her
Employment Termination Date occurs; provided, however, that: 

  
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 (A) any Performance Shares and any other portion of the Participant’s Distributable Amount
with respect to which the Participant previously elected Common Stock as the investment option shall be paid in shares of Common Stock; and 

(B) subject to Paragraph (A) above and Section 9.2(c), if no such election form was filed with the Administrator, the Distributable
Amount shall be paid as a lump-sum distribution in cash. 
 (ii) Payment to Beneficiary. Subject to Section 9.3 with respect to
a Section 409A Amount, a Beneficiary of a deceased Participant who is eligible for payment of all or part of the Distributable Amount pursuant to Subsection (a) above shall receive all or such part, as applicable, of the Distributable
Amount as a lump-sum distribution in cash and in shares of Common Stock to the extent of the Performance Shares (if any) and any other portion of the Participant’s Distributable Amount with respect to which the Participant previously elected
Common Stock as the investment option. 
 (c) Timing of Payment. The Distribution Date for payment of the Distributable Amount in
accordance with Subsections (a) and (b) above shall be the earliest date administratively possible within the ninety (90)-day period following the respective Participant’s Employment Termination Date. 

(d) Payment in Common Stock. If all or part of a Participant’s Distributable Amount shall be paid in shares of Common Stock
(treasury shares, authorized and unissued shares, authorized and issued shares, or a combination of the foregoing), the Administrator shall calculate the number of such shares of Common Stock as follows and the whole number of shares so calculated
shall be paid in shares of Common Stock and the value of any fractional shares shall be paid in cash. 
 (i) With respect to the portion of
the Distributable Amount not represented by Performance Shares, as the quotient (rounded to two decimal places) of (A) such portion of the Distributable Amount and (B) the Common Stock Price as of the Participant’s Employment
Termination Date. 
 (ii) With respect to the portion of the Distributable Amount represented by Performance Shares, as the product of
(A) the number of Performance Shares and (B) the Common Stock Price as of the Participant’s Employment Termination Date. 

(e) Payment of Installment Distributions. Subject to Section 9.2(d) with respect to a Section 409A Amount, after the
Distribution Date of a Participant who shall receive installment distributions of the Distributable Amount, each subsequent installment distribution that shall be due shall be paid to the Participant as of the next succeeding anniversary of the
Participant’s Employment Termination Date; provided, however, that, in the event of the death of the Participant before all such installment distributions shall be made, all or part, as applicable, of the total of the remaining installment
distributions shall be paid as of the next succeeding anniversary of the Participant’s Employment Termination Date to the Participant’s Beneficiary or each of his or her Beneficiaries, as applicable; provided, however, that if the
Participant elected to receive the Distributable Amount in the form of annual installments and the Participant dies prior to receiving all of such annual 

  
 27 

 
installments, the Administrator may, in his or her sole discretion, allow the Beneficiary of the deceased Participant to continue receiving installment payments rather than receiving such
remaining payments as a lump sum except as otherwise provided in Section 9.3 with respect to any Section 409A Amounts. 
 (f)
Administrative Matters. Subject to Section 8.5, the Administrator may, in his or her sole discretion, delay the Distribution Date for the benefits payable to or on behalf of a Participant to the extent necessary to determine the benefits
properly. 
 4.3 In-service Distribution from Deferral Accounts. The Administrator may, but shall not be required to, establish
procedures under which an in-service distribution may be made to a Participant of Bonus Deferral Amounts or Salary Deferral Amounts in his or her Deferral Account (if any) in the event that the Participant has an unforeseeable emergency, as
described in Subsection (a) below, and the distribution is reasonably needed to satisfy the unforeseeable emergency, as described in Subsection (b) below: 

(a) Unforeseeable Emergency. With respect to a Participant, an unforeseeable emergency is severe financial hardship to the Participant
resulting from a sudden and unexpected illness or accident of the Participant or of a “dependent” of the Participant, as such term shall be defined in Code Section 152(a); loss of the Participant’s property due to casualty; or
another similar extraordinary and unforeseeable set of circumstances arising as a result of events beyond the control of the Participant. 

(b) Distribution Reasonably Necessary to Satisfy Emergency. A distribution shall be deemed to be reasonably necessary to satisfy a
Participant’s unforeseeable emergency if the following requirements are met: 
 (i) The distribution does not exceed the amount of the
Participant’s financial need plus amounts necessary to pay any income taxes or penalties reasonably anticipated to result from the distribution; 

(ii) The Participant’s financial need cannot be relieved: 

(A) Through reimbursement or compensation by insurance or otherwise, 

(B) By liquidation of the Participant’s assets, to the extent that such liquidation would not itself cause severe financial hardship, or

 (C) By the termination of the Participant’s election (if any) with respect to a Bonus Deferral Amount or Salary Deferral Amounts.

 4.4 Beneficiaries. The Administrator shall provide to each new Participant a form (in paper or electronic format) on which he or
she may designate (a) one or more Beneficiaries who shall receive all or a portion of the Distributable Amount upon the Participant’s death, including any Beneficiary who shall receive any such amount only in the event of the death of
another Beneficiary; and (b) the percentages to be paid to each such Beneficiary (if there is more than one). A Participant may change his or her or her Beneficiary designation from time to time by filing a new form with the

  
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Administrator. No such Beneficiary designation shall be effective unless and until the Participant has properly filed the completed form with the Administrator, and a Beneficiary designation form
that designates the spouse of a Participant as his Beneficiary (whether or not any other Beneficiary is also designated) shall be void with respect to the designation of the spouse upon the divorce of the Participant and the spouse with the result
that the Participant’s former spouse shall not be a Beneficiary unless the Participant files a new form with the Administrator and designates his or her former spouse as a Beneficiary. 

If a deceased Participant is not survived by a designated Beneficiary or if no Beneficiary was effectively designated, upon the
Participant’s death, any benefit to which the Participant was then entitled shall be paid in a lump-sum distribution in cash to the Participant’s spouse and, if there is no spouse, to the Participant’s estate. If a designated
Beneficiary is living at the death of the Participant but dies before receiving any or all of the benefit to which the Beneficiary was entitled, such benefit or the remaining portion of such benefit shall be paid in a lump-sum distribution in cash
to the estate of the deceased Beneficiary. 

  
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 ARTICLE V 

CLAIMS AND ADMINISTRATION 

5.1 Applications. A Participant or the Beneficiary of a deceased Participant who is or may be entitled to benefits under this Plan
shall apply for such benefits in writing if and as required by the Administrator, in his or her sole discretion. 
 5.2 Information and
Proof. A Participant or the Beneficiary of a deceased Participant shall furnish all information and proof required by the Administrator for the determination of any issue arising under the Plan including, but not limited to, proof of marriage to
a Participant or a certified copy of the death certificate of a Participant. The failure by a Participant or the Beneficiary of a deceased Participant to furnish such information or proof promptly and in good faith, or the furnishing of false or
fraudulent information or proof by the Participant or Beneficiary, shall be sufficient reason for the denial, suspension, or discontinuance of benefits thereto and the recovery of any benefits paid in reliance thereon. 

5.3 Notice of Address Change. Each Participant and any Beneficiary of a deceased Participant who is or may be entitled to benefits under
this Plan shall notify the Administrator in writing of any change of his or her address. 
 5.4 Claims Procedure. 

(a) Claim Denial. The Administrator shall provide adequate notice in writing to any Participant or Beneficiary of a deceased
Participant whose application for benefits, made in accordance with Section 5.1 of this Plan, has been wholly or partially denied. Such notice shall include the reason(s) for denial, including references, when appropriate, to specific Plan or
Trust Agreement provisions; a description of any additional information necessary for the claimant to perfect the claim, if applicable and an explanation of why such information is necessary; and a description of the claimant’s right to appeal
under Subsection (b) below. 
 The Administrator shall furnish such notice of a claim denial within ninety (90) days after the
date that the Administrator received the claim. If special circumstances require an extension of time for deciding a claim, the Administrator shall notify the claimant in writing thereof within such ninety (90)-day period and shall specify the date
a decision on the claim shall be made, which shall not be more than one hundred eighty (180) days after the date that the Administrator received the claim. Then, the Administrator shall furnish any denial notice on the claim by the later date
so specified. 
 (b) Appeal Procedure. A claimant or his or her duly authorized representative shall have the right to file a written
request for review of a claim denial within sixty (60) days after receipt of the denial, to review pertinent documents, records and other information relevant to his or her claim without charge (including items used in the determination, even
if not relied upon in making the final determination and items demonstrating consistent application and compliance with this Plan’s administrative processes and safeguards), and to submit comments, documents, records, and other information
relating to the claim, even if the information was not submitted or considered in the initial determination. 

  
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 (c) Decision Upon Appeal. In considering an appeal made in accordance with Subsection
(b) above, the Administrator shall review and consider any written comments, documents, records, and other information relating to the claim, even if the information was not submitted or considered in the initial determination by the claimant
or his or her duly authorized representative. The claimant or his or her representative shall not be entitled to appear in person before any representative of the Administrator. 

The Administrator shall issue a written decision on an appeal within sixty (60) days after the date the Administrator receives the appeal
together with any written comments relating thereto. If special circumstances require an extension of time for a decision on an appeal, the Administrator shall notify the claimant in writing thereof within such sixty (60)-day period. Then, the
Administrator shall furnish a written decision on the appeal as soon as possible but no later than one hundred twenty (120) days after the date that the Administrator received the appeal. The decision on the appeal shall be written in a manner
calculated to be understood by the claimant and shall include specific references to the pertinent Plan provisions on which the decision is based. If the claimant loses on appeal, the decision shall include the following information provided in a
manner calculated to be understood by the claimant: (1) the specific reason(s) for the adverse determination; (2) reference to the specific Plan provisions on which the determination is based; (3) a statement of the claimant’s
right to receive at no cost information and copies of documents relevant to the claim, even if such information was not relied upon in making determinations; and (4) a statement of the claimant’s rights to sue under ERISA. 

5.5 Status, Responsibilities, Authority and Immunity of Administrator. 

(a) Appointment and Status of Administrator. The Plan Sponsor shall appoint the Administrator. The Plan Sponsor may remove the
Administrator and appoint another Administrator or, if the Administrator is a committee, the Plan Sponsor may remove any or all members of the committee and appoint new members. The Administrator shall be the “administrator” of the Plan,
as such term shall be defined in Section 3(16)(A) of ERISA. 
 (b) Responsibilities and Discretionary Authority. The
Administrator shall have absolute and exclusive discretion to manage the Plan and to determine all issues and questions arising in the administration, interpretation, and application of the Plan and the Trust Agreement, including, but not limited
to, issues and questions relating to a Participant’s eligibility for Plan benefits and to the nature, amount, conditions, and duration of any Plan benefits. Furthermore, the Administrator shall have absolute and exclusive discretion to
formulate and to adopt any and all standards for use in calculations required in connection with the Plan and rules, regulations, and procedures that he or she deems necessary or desirable to effectuate the terms of the Plan; provided, however, that
the Administrator shall not adopt a rule, regulation, or procedure that shall conflict with this Plan or the Trust Agreement. Subject to the terms of any applicable contract or agreement, any interpretation or application of this Plan or the Trust
Agreement by the Administrator, or any rules, regulations, and procedures duly adopted by the Administrator, shall be final and binding upon Employees, Participants, Beneficiaries, and any and all other persons dealing with the Plan. 

  
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 (c) Delegation of Authority and Reliance on Agents. The Administrator may, in his or her
discretion, allocate ministerial duties and responsibilities for the operation and administration of the Plan to one or more persons, who may or may not be Employees, and employ or retain one or more persons, including accountants and attorneys, to
render advice with regard to any responsibility of the Administrator. 
 (d) Reliance on Documents. The Administrator shall incur no
liability in relying or in acting upon any instrument, application, notice, request, letter, or other paper or document believed by the Administrator to be genuine, to contain a true statement of facts, and to have been executed or sent by the
proper person. 
 (e) Immunity and Indemnification of Administrator. The Administrator shall not be liable for any of his or her acts
or omissions, or the acts or omissions of any employee or agent authorized or retained pursuant to Subsection (c) above by the Administrator, except any act of the Administrator or any such person as constitutes gross negligence or willful
misconduct. The Plan Sponsor shall indemnify the Administrator, to the fullest extent permitted by law, if the Administrator is ever made a party or is threatened to be made a party to any threatened, pending, or completed action, suit, claim, or
proceeding, whether civil, criminal, administrative, or investigative (including, but not limited to, any action by or in the right of the Plan Sponsor), by reason of the fact that the Administrator is or was, or relating to the Administrator’s
actions as, the Administrator, against any expenses (including attorneys’ fees), judgments, fines, and amounts paid in settlement that the Administrator incurs as a result of, or in connection with, such action, suit, claim, or proceeding,
provided that the Administrator had no reasonable cause to believe that his or her conduct was unlawful. 
 5.6 Enrollment, Deferral
Election and Other Procedures. The Administrator shall adopt and may amend procedures to be followed by Eligible Employees and Participants in electing to participate in this Plan, in electing to have Bonus Deferral Amounts and Salary Deferral
Amounts made on their behalf, in selecting a form of distribution of any Distributable Amount, and in taking any other actions required thereby under this Plan. Notwithstanding the foregoing sentence, any enrollment, deferral election and other
procedures relating to Section 409A Amounts shall be subject to the provisions of Article IX of the Plan. 
 5.7 Correction of Prior
Incorrect Allocations. Notwithstanding any other provisions of this Plan, in the event that an adjustment to a Performance Shares Account, Benefit Account, Deferral Account, Rollover Account, or Distribution Account shall be required to correct
an incorrect allocation to such account, the Administrator shall take such actions as he or she deems, in his or her sole discretion, to be necessary or desirable to correct such prior incorrect allocation. 

5.8 Facility of Payment. If the Administrator shall determine that a Participant or the Beneficiary of a deceased Participant to whom a
benefit is payable is unable to care for his or her affairs because of illness, accident or other incapacity, the Administrator may, in his or her discretion, direct that any payment otherwise due to the Participant or Beneficiary be paid to the
legal guardian or other representative of the Participant or Beneficiary. Furthermore, the Administrator may, in his or her discretion, direct that any payment otherwise due to a minor Participant or Beneficiary of a deceased Participant be paid to
the guardian of the minor or the person having custody of the minor. Any payment made in accordance with this Section to a person other than a Participant or the Beneficiary of a deceased Participant shall, to the extent thereof, be a complete
discharge of the Plan’s obligation to the Participant or Beneficiary. 

  
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 5.9 Unclaimed Benefits. If the Administrator cannot locate a Participant or the
Beneficiary of a deceased Participant to whom payment of benefits under this Plan shall be required, following a diligent effort by the Administrator to locate the Participant or Beneficiary, such benefit shall be forfeited. 

  
 33 

 ARTICLE VI 

STATUS OF PLAN AND TRUST AGREEMENT 

6.1 Unfunded Status of Plan. The Plan constitutes a mere promise by the Plan Sponsor to pay benefits in accordance with the terms of
the Plan, and, to the extent that any person acquires a right to receive benefits from the Plan Sponsor under this Plan, such right shall be no greater than any right of any unsecured general creditor of the Plan Sponsor. Subject to
Section 6.2, nothing contained in this Plan and no action taken pursuant to the provisions of this Plan shall create or be construed so as to create a trust of any kind, or a fiduciary relationship between the Plan Sponsor and any Participant,
Beneficiary, or other person. 
 6.2 Shares to be Issued. The aggregate number of shares of Common Stock that may be issued to satisfy
the obligations under the Plan shall not exceed two million (2,000,000) shares of Common Stock. The Common Stock may come from treasury shares, authorized but unissued shares, or previously issued shares that the applicable company reacquires,
including shares it purchases on the open market. Subject to the terms of Appendix C, in the event of a nonreciprocal transaction between the company issuing Common Stock and its shareholders that causes the per-share fair value of the Common Stock
to change, such as a stock dividend, stock split, spin-off, rights offering, or recapitalization through a large nonrecurring cash dividend, this Section 6.2 of the Plan shall be deemed to be proportionately and appropriately amended to adjust
the maximum number of shares of Common Stock subject to the Plan pursuant to this Section. 
 Solely for purposes of documenting
administrative practice under the terms of the Plan, and subject to the terms in Appendix C, in the event of such a nonreciprocal transaction between the company and its shareholders that causes the per-share fair value of the Common Stock to
change, such as a stock dividend, stock split, spin-off, rights offering, or recapitalization through a large nonrecurring cash dividend, the Performance Shares Accounts, Deferral Accounts, Benefit Accounts, Rollover Accounts, and Distribution
Accounts under the Plan shall be proportionately and appropriately adjusted in the type(s), class(es), number of shares, and Common Stock Price credited to such Performance Shares Accounts, Deferral Accounts, Benefit Accounts, Rollover Accounts, and
Distribution Accounts under the Plan. The Administrator shall make any such adjustments so that the proportionate interest of each Participant immediately following any of the foregoing events will, to the extent practicable, be the same as
immediately preceding any such event, and the Administrator’s adjustments shall be final, binding, and conclusive. 
 6.3 Existence
and Purposes of Trust Agreement. 
 (a) Existence of Trust Agreement. In accordance with Section 6.1, the Plan Sponsor may
enter into a Trust Agreement with a trustee to hold a trust fund that may become the source of Plan benefits as provided in the Trust Agreement, and such trust fund may hold shares of Common Stock. In such event, the trustee would have such powers
to hold, invest, reinvest, control, and disburse such trust fund as shall, at such time and from time to time, be set forth in the Trust Agreement or this Plan. 

  
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 (b) Integration of Trust Agreement. The Trust Agreement shall be deemed to be a part of
this Plan, and all rights of Participants and Beneficiaries of deceased Participants under this Plan shall be subject to the provisions of the Trust Agreement, if and as applicable. 

(c) Rights to Any Trust Fund Assets. No Participant or Beneficiary of a deceased Participant, nor any other person, shall have any
right to, or interest in, any assets of the trust fund maintained under the Trust Agreement upon termination of such Participant’s employment or otherwise, except as may be specifically provided from time to time in this Plan, the Trust
Agreement, or both, and then only to the extent so specifically provided. 

  
 35 

 ARTICLE VII 

PLAN AMENDMENT OR TERMINATION 

7.1 Right to Amend. The Plan Sponsor reserves the right to amend the Plan, by action duly taken by its Board of Directors, at any time
and from time to time to any extent that the Plan Sponsor may deem advisable, and any such amendment shall take the form of an instrument in writing duly executed by one or more individuals duly authorized by the Board of Directors. Without limiting
the generality of the foregoing, the Plan Sponsor specifically reserves the right to amend the Plan retroactively as may be deemed necessary. Notwithstanding the foregoing sentences, the Plan Sponsor shall not amend the Plan so as to change the
method of calculating the Benefit Amount attributable to any Performance Shares in any Participant’s Performance Shares Account as of the date that such an amendment would otherwise be effective; so as to reduce the balance in the Deferral
Account, Benefit Account, Rollover Account, or Distribution Account of any Participant as of such otherwise effective date; or so as to reduce the Vesting Percentage applicable to any Benefit Amount of any Participant that shall have been credited
to the Participant’s Benefit Account (plus any earnings credited thereon) prior to such otherwise effective date (whether or not such Vesting Percentage shall have been determined pursuant to Section 3.3 as of such date), unless any such
amendment shall be reasonably required to comply with applicable law or to preserve the tax treatment of benefits provided under the Plan or is consented to by the affected Participant. 

7.2 Right to Terminate. The Plan Sponsor reserves the right to terminate the Plan, by action duly taken by its Board of Directors, at
any time as the Plan Sponsor may deem advisable. Upon termination of the Plan, (a) if the trust fund maintained under the Trust Agreement has not become the source for Plan benefits, the Plan Sponsor shall pay or provide for the payment of all
liabilities with respect to Participants and Beneficiaries of deceased Participants by distributing amounts to and on behalf of such Participants and Beneficiaries; and (b) if the trust fund maintained under the Trust Agreement has become the
source for Plan benefits, the Plan Sponsor shall direct the trustee thereof to pay to or provide for the payment of all reasonable administrative expenses of the Plan and trust fund, and thereafter the Plan Sponsor shall direct such trustee to use
and apply the remaining assets of the trust fund to provide for liabilities thereof with respect to Participants and Beneficiaries of deceased Participants by continuing the trust fund and making provision under the Trust Agreement for the payment
of such liabilities or by distributing amounts from the trust fund to and on behalf of such Participants and Beneficiaries; provided that, if, after payment or provision for payment of all reasonable administrative expenses of the Plan and trust
fund maintained under the Trust Agreement and satisfaction of all liabilities of such trust fund with respect to Participants and Beneficiaries of deceased Participants, there shall be excess assets remaining, the trustee thereof shall pay such
excess assets to the Plan Sponsor. 

  
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 ARTICLE VIII 

MISCELLANEOUS 
 8.1 No
Guarantee of Employment. Nothing contained in this Plan shall be construed as a contract of employment between any Employee and the Plan Sponsor or any Employer, as a right of any Employee to be continued in any employment position with, or the
employment of, the Plan Sponsor or any Employer, or as a limitation of the right of the Plan Sponsor or any Employer to discharge any Employee. 

8.2 Nonalienation of Benefits. Any benefits or rights to benefits payable under this Plan shall not be subject in any manner to
anticipation, alienation, sale, transfer, assignment, pledge, encumbrance, charge, garnishment, execution, or levy of any kind, either voluntary or involuntary, including any such liability that is for alimony or other payments for the support of a
Beneficiary or former Beneficiary, or for the support of any other relative, before payment thereof is received by the Participant, Beneficiary of a deceased Participant, or other person entitled to the benefit under the Plan; and any attempt to
anticipate, alienate, sell, transfer, assign, pledge, encumber, charge, or otherwise dispose of any right to benefits payable under this Plan shall be void; provided, however, that this Section shall not prohibit the Administrator from offsetting,
pursuant to Section 8.3 of this Plan, any payments due to a Participant, the Beneficiary of a deceased Participant, or any other person who may be entitled to receive a benefit under this Plan. 

8.3 Offset of Benefits. Notwithstanding anything in this Plan to the contrary, in the event that a Participant or the Beneficiary of a
deceased Participant owes any amount to the Plan, the Plan Sponsor, or any other Employer, whether as a result of an overpayment or otherwise, the Administrator may, in his or her discretion, offset the amount owed or any percentage thereof in any
manner against any payments due from the Plan to the Participant or Beneficiary. 
 8.4 Taxes. Neither the Plan Sponsor nor any
Employer represents or guarantees that any particular federal, state, or local income, payroll, personal property or other tax consequence will result from participation in this Plan or payment of benefits under this Plan. Notwithstanding anything
in this Plan to the contrary, the Administrator may, in his or her sole discretion, deduct and withhold applicable taxes from any payment of benefits under this Plan. For the avoidance of doubt, each Participant and Beneficiary shall be responsible
for any and all taxes, interest, and penalties with respect to his or her Section 409A Amounts. The Administrator also may permit such obligations to be satisfied by the transfer to the Plan Sponsor or any Employer of cash, shares of Common
Stock, or other property. 
 8.5 Timing of Distributions. The provisions of this Section 8.5 shall apply notwithstanding any
provisions of the Plan to the contrary. The timing of all distributions under the Plan is subject to the Plan Sponsor’s and any Employer’s deduction limitations under Code Section 162(m). Distributions instituted during a period
during which the Plan Sponsor prevents trading in Common Stock (a “blackout period”) will not be effective until the first business day following the end of the blackout period. The Administrator also may, in his or her sole discretion,
postpone any distribution to comply with applicable law or internal policies of the Plan Sponsor. 

  
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 8.6 Not Compensation Under Other Benefit Plans. No amounts in a Participant’s Benefit
Account or Deferral Account shall be deemed to be salary or compensation for purposes of the 401(k) Plan or any other employee benefit plan of the Plan Sponsor or any Employer except as and to the extent otherwise specifically provided in any such
plan. 
 8.7 Merger or Consolidation of Plan Sponsor. If the Plan Sponsor is merged or consolidated with another organization, or
another organization acquires all or substantially all of the Plan Sponsor’s assets, such organization may become the “Plan Sponsor” hereunder by action of its board of directors and by action of the board of directors of the Plan
Sponsor if still existent. Such change in plan sponsors shall not be deemed to be a termination of this Plan. 
 8.8 Savings Clause.
If any term, covenant, or condition of this Plan, or the application thereof to any person or circumstance, shall to any extent be held to be invalid or unenforceable, the remainder of this Plan, or the application of any such term, covenant, or
condition to persons or circumstances other than those as to which it has been held to be invalid or unenforceable, shall not be affected thereby, and, except to the extent of any such invalidity or unenforceability, this Plan and each term,
covenant, and condition hereof shall be valid and shall be enforced to the fullest extent permitted by law. 
 8.9 Governing Law. This
Plan shall be construed, regulated and administered under the laws of the District of Columbia to the extent not pre-empted by ERISA or any other federal law. 

8.10 Construction. As used in this Plan, the masculine and feminine gender shall be deemed to include the neuter gender, as appropriate,
and the singular or plural number shall be deemed to include the other, as appropriate, unless the context clearly indicates to the contrary. 

8.11 Headings No Part of Agreement. Headings of articles, sections and subsections of this Plan are inserted for convenience of
reference; they constitute no part of the Plan and are not to be considered in the construction of the Plan. 

  
 38 

 ARTICLE IX 

SPECIAL PROVISIONS APPLICABLE TO SECTION 409A AMOUNTS 

9.1 Scope. The provisions of this Article IX shall apply to Section 409A Amounts only and shall not apply to any Grandfathered
Amounts. If the provisions of this Article IX conflict with any other provisions of the Plan, the provisions of this Article IX shall control. 

9.2 Special Provisions. Notwithstanding any provision of Articles III and IV of the Plan and Section 5.6 of the Plan, with respect
to a Participant: 
 (a) Elections. With respect to any Section 409A Amount and in addition to any enrollment form and election
requirements provided for in the Plan or established by the Administrator, any election for a Plan Year shall be made not later than December 31 of the calendar year immediately preceding such Plan Year; provided, however, that, in the case of
the first Plan Year in which a Participant becomes an Eligible Employee, any election for the portion of the Plan Year during with the Participant is an Eligible Employee shall be made within thirty (30) days after the date the Participant
first becomes an Eligible Employee. 
 (b) Form and Medium of Distribution. Any election made with respect to a Section 409A
Amount pursuant to Section 9.2(a) above shall specify the form and medium of distribution with respect to that Section 409A Amount. The form of distribution so elected by a Participant shall be one of the forms of distribution set forth in
Section 4.1(a) of the Plan and shall be subject to the restriction in Section 4.1(a)(ii) of the Plan concerning the availability of installment payments, determined as of the Participant’s Employment Termination Date. The medium of
distribution shall be specified in accordance with Section 4.1(b) of the Plan. 
 (c) Default Form of Payment. Notwithstanding
Section 4.2(b)(i)(B) of the Plan, with respect to any Participant who has both attained age fifty-five (55) and completed at least five (5) Years of Service, if such Participant fails to elect a form of distribution with respect to
any Section 409A Amount, the Participant shall be deemed to have elected to have such Section 409A Amount paid in the form of five (5) installment payments in accordance with the payment frequency set forth in Section 9.2(d)
below. 
 (d) Timing of Payment. Notwithstanding Article IV of the Plan and specifically Sections 4.2(c) and (e) of the Plan,
the Distribution Date for a Section 409A Amount (or the first installment of a Section 409A Amount, if applicable) shall be no earlier than the first day of the month following the last day of the six (6) month period commencing on
the Participant’s Employment Termination Date. In accordance with procedures established by the Administrator pursuant to Article V, a Participant may elect one of the following Distribution Dates with respect to each Section 409A Amount:
(i) the first day of the month following the last day of the six (6) month period commencing on the Participant’s Employment Termination Date; (ii) the first day of the month following the last day of the twelve (12) month
period commencing on the Participant’s Employment Termination Date; or (iii) the first day of the month following the last day of the twenty-four (24) month period commencing on the Participant’s Employment Termination Date. The
time of distribution so elected by a Participant shall be subject to the restriction in Section 4.1(a)(ii) (C) of the Plan determined as of the Participant’s Employment Termination Date. 

  
 39 

 If pursuant to the terms of the Plan a Section 409A Amount is to be distributed in
installments, the second installment of the Section 409A Amount shall be made on January 15 of the calendar year following the date of payment of the initial installment, and each subsequent installment thereafter (if any) shall be made on
each January 15 thereafter until all installment payments of a Section 409A Amount have been paid to the Participant. In the avoidance of doubt, the amount of each installment payment of a Section 409A Amount shall equal the quotient
of (i) the total Section 409A Amount to be distributed, divided by (ii) the number of installment payments remaining in the applicable period of annual installments. 

(e) Subsequent Changes in Time of Payment and Form of Distribution. With respect to a Section 409A Amount, a Participant may elect
to delay a payment of the Section 409A or to change the form of distribution of the Section 409A Amount provided that the following conditions are met: 

(i) Any election under this Section 9.2(e) shall not take effect until a date that is at least twelve (12) months after the date on
which the election is made. 
 (ii) The payment with respect to which an election under this Section 9.2(e) is made shall be deferred
for a period of not less than five (5) years from the date such payment would otherwise have been paid. 
 (iii) Any election under
this Section 9.2(e) shall be made on a date that is not less than twelve (12) months prior to the date the payment is originally scheduled to be made. 

(f) Permitted Payment Delays. Notwithstanding Section 8.5 of the Plan and in addition to the foregoing provisions of this
Section 9.2, a payment of a Section 409A Amount to a Participant may be delayed to a date after the designated payment date under either of the following two circumstances: 

(i) Where the Plan Sponsor reasonably anticipates that an Employer’s deduction with respect to the payment of a Section 409A Amount
would otherwise be limited or eliminated by application of Code Section 162(m); provided, however, that such payment shall be made to the Participant (i) during the Participant’s first taxable year in which the Plan Sponsor reasonably
anticipates that the deduction of such payment will not be limited or eliminated by the application of Code Section 162(m), or, if later, (ii) during the period beginning with the Participant’s Employment Termination Date and ending
on the later of (A) the last day of the taxable year of the Plan Sponsor in which the Participant’s Employment Termination Date occurs or (B) the fifteenth (15th) day of the
third month following the Participant’s Employment Termination Date. 
 (ii) Where the Plan Sponsor reasonably anticipates that the
making of the payment of the Section 409A Amount will violate Federal Securities laws or other applicable law; provided, however, that such payment will be made to the Participant at the earliest date at which the Plan Sponsor reasonably
anticipates that the making of such payment will not cause such violation. 
 (g) Unforeseeable Emergency. For the avoidance of
doubt, the provisions of Section 4.3 of the Plan shall apply to any Bonus Deferral Amounts and any Salary Deferral Amounts that are considered to be Section 409A Amounts. 

  
 40 

 (h) Plan Termination. Notwithstanding the provisions of Section 7.2 of the Plan, the
termination of the Plan shall not accelerate the time and form of payment of any Section 409A Amount except when the Plan Sponsor elects to terminate the Plan in accordance with one of the following: 

(i) The Plan Sponsor elects to terminate the Plan within twelve (12) months of a corporate dissolution taxed under Code Section 331
or with the approval of a bankruptcy court pursuant to 11 U.S.C. §503(b)(1)(A), provided that the Section 409A Amounts are included in Participants’ gross incomes in the latest of (a) the calendar year in which the Plan
termination occurs, (b) the calendar year in which the Section 409A Amount is no longer subject to a substantial risk of forfeiture, or (c) the first calendar year in which the payment of the Section 409A Amount is
administratively practical. 
 (ii) The Plan Sponsor elects to terminate the Plan under the following conditions: (a) the Employer
terminates all arrangements sponsored by the Employer that would be aggregated with any terminated arrangements under the regulations promulgated under Code Section 409A if the same Participant had deferrals of compensation under all such
terminated arrangements; (b) no payments (other than payments that would be payable under the terms of the arrangements if the termination had not occurred) are made within twelve (12) months of the termination of the arrangements;
(c) all payments are made within twenty-four (24) months of the termination of the arrangements; and (d) no Employer adopts a new arrangement that would be aggregated with any terminated arrangement under the regulations promulgated
under Code Section 409A if the same Participant participated in both arrangements, at any time within five (5) years following the date of termination of the Plan. 

(iii) The Plan Sponsor elects to terminate the Plan in accordance with any such other events and conditions that the Commissioner of the
Internal Revenue Service may prescribe in generally applicable guidance published in the Internal Revenue Bulletin. 
 (i) Definition of
Payment. With respect to a Section 409A Amount, the entitlement to a series of installment payments shall be treated as the entitlement to a single payment, and each such installment payment shall not be considered a separate payment
hereunder. 
 9.3 Payments to a Beneficiary. Notwithstanding Section 4.2(e) of the Plan, with respect to any Section 409A
Amounts, if a Participant elected to receive the Distributable Amount in the form of annual installments and the Participant dies prior to receiving all of such annual installments, the Beneficiary of the deceased Participant shall receive such
remaining payments as a lump-sum in accordance with Section 4.2(b)(ii) of the Plan. 
 9.4 Class Year Accounting.
Section 409A Amounts credited on a Participant’s behalf with respect to Plan Years beginning on or after January 1, 2013, and any earnings credited thereto and any losses deducted therefrom in accordance with the terms of the Plan,
shall be administered under this Plan by Class Year. For the avoidance of doubt, as stated in Section 1.54, the aggregate of a Participant’s Salary Deferral Amount (if any), Bonus Deferral Amount (if any), and Benefit Amount (if any) for
each Class Year, and any earnings credited thereto and any losses deducted therefrom in accordance with the terms of the Plan, shall be deemed a separate Section 409A Amount for all purposes under this Plan, including, but not limited to, the
provisions of Section 9.2. 

  
 41 

 (a) Elections. In accordance with procedures established by the Administrator pursuant to
Article V and Section 9.2, a Participant shall make a separate election for each Class Year, commencing with the Class Year 2013, for which the Participant shall specify (i) the form and medium of distribution and (ii) the time for
payment, and each such election for a Class Year shall apply to the aggregate of the Participant’s Salary Deferral Amount (if any), Bonus Deferral Amount (if any), and Benefit Amount (if any) for that Class Year, and any earnings credited
thereto and any losses deducted therefrom in accordance with the terms of the Plan. The Plan’s default form of payment and time for payment provisions under Section 4.2(b)(i)(B), Section 9.2(c), and Section 9.2(d), as applicable,
shall apply to any Participant who fails to make an election for a Class Year. 
 (b) Subsequent Changes in Class Year Elections. The
provisions of Section 9.2(e) permitting payment delays and changes in the form of distribution subject to certain conditions set forth therein shall be administered separately with respect to a Participant’s Section 409A Amount for
each Class Year. An election to delay payment, or change the form of distribution, for a Section 409A Amount for one Class Year shall not affect the time for payment and form of distribution elections for the Section 409A Amount for
another Class Year. 
 IN WITNESS WHEREOF, the Plan Sponsor has caused this amended and restated Plan to be executed by its duly authorized
officer as of the last date signed by the officer as set forth below. 
  

	
	 PLAN SPONSOR:
  

FTV EMPLOYMENT SERVICES LLC
  

By:                         
                                         
                              

                    Frank T. McFaden

 

Date:                         
                                         
                          

  
 42 

 APPENDIX A 

APPLICABLE PERCENTAGE 
  

	I.	EFFECTIVE PRIOR TO JANUARY 1, 2004: 

  

									
	 TARGET COMPENSATION
	  	AGE OF PARTICIPANT	 
	 	  	Under 40	 	 	40 and Over	 
	 Less than $150,000
	  	 	3.5	% 	 	 	4.5	% 
	 Greater than or equal to $150,000
	  	 	5.5	% 	 	 	6.5	% 

  

	II.	EFFECTIVE ON AND AFTER JANUARY 1, 2004: 

 

					
	 YEARS OF
PARTICIPATION
	  	APPLICABLE PERCENTAGE	 
	 0-10
	  	 	6	% 
	 11-15
	  	 	8	% 
	 Greater than 15
	  	 	10	% 

  
 A-1 

 APPENDIX B 

PRESENT VALUE FACTORS 
  

					
	 PV Factor 1+2+3
	  	 	2.6	  
	 PV Factor 1+2
	  	 	1.8	  
	 PV Factor 1
	  	 	.9	  

  

	I.	EFFECTIVE PRIOR TO JANUARY 1, 2004: 

MONTHS FACTORS 
  

					
	 Months Factor
	  	PV Factor O	 
	 12
	  	 	.9	  
	 11
	  	 	.8	  
	 10
	  	 	.8	  
	 9
	  	 	.8	  
	 8
	  	 	.8	  
	 7
	  	 	.9	  
	 6
	  	 	1.0	  
	 5
	  	 	1.0	  
	 4
	  	 	1.0	  
	 3
	  	 	1.0	  
	 2
	  	 	1.0	  
	 1
	  	 	1.0	  

  

	II.	Effective on and after January 1, 2004: 

 MONTHS FACTORS 

 

					
	 Eligibility Date
	  	Prorata Factor	 
	 January 1st
	  	 	1.00	  
	 February 1st
	  	 	0.92	  
	 March 1st
	  	 	0.83	  
	 April 1st
	  	 	0.75	  
	 May 1st
	  	 	0.67	  
	 June 1st
	  	 	0.50	  
	 July 1st
	  	 	0.50	  
	 August 1st
	  	 	0.42	  
	 September 1st
	  	 	0.33	  
	 October 1st
	  	 	0.25	  
	 November 1st
	  	 	0.17	  
	 December 1st
	  	 	0.08	  

  
 B-1 

 APPENDIX C 

SPIN-OFF FROM DANAHER CORPORATION 
 1.
Background 
 The Plan Sponsor was established as a subsidiary of Danaher Corporation (“Danaher”) prior to the Effective Date. On the
Effective Date, the liabilities for certain participants’ benefits under the Danaher EDIP, including amounts not subject to Code Section 409A (i.e., amounts deferred and vested prior to January 1, 2005, and earnings related thereto),
were transferred to the Plan Sponsor and to this Plan. The Participants whose benefits were transferred to this Plan on the Effective Date are referred to below as “Fortive Participants.” The rules in this Appendix shall apply
notwithstanding any Plan provisions to the contrary. 
 2. Plan Benefits 

Fortive Participants who qualified as eligible employees under the Danaher EDIP immediately before the Effective Date shall be Eligible Employees under this
Plan on such date. All service and compensation that was taken into account for purposes of determining the amount of a Fortive Participant’s benefit or his vested right to a benefit under the Danaher EDIP as of the Effective Date shall be
taken into account for the same purposes under this Plan. 
 The Fortive Participants accounts will reflect such amounts transferred from the Danaher EDIP.
To the extent the Plan refers to accounts prior to the close of the New York Stock Exchange on May 31, 2016, such references relate to the amounts as they existed in the Danaher EDIP prior to the transfer to the extent such amounts were
transferred to the Plan. 
 3. Distributions 
 The terms
of this Plan shall govern the distribution of all benefits payable to a Fortive Participant or any other person with a right to receive such benefits, including amounts accrued under the Danaher EDIP and then transferred to this Plan. 

4. Termination and Key Employees 
 For avoidance of doubt,
no Fortive Participant shall be treated as incurring a separation from service, termination of employment, retirement, or similar event for purposes of determining the right to a distribution (for amounts subject to Code section 409A or otherwise),
vesting, benefits, or any other purpose under the Plan as a result of Danaher’s distribution of Fortive Corporation shares to Danaher shareholders. Also, the Key Employees shall be determined in accordance with the special rules for spin-offs
under Treas. Reg. §1.409A-1(i)(6)(iii), or any successor thereto, for the period indicated in such regulation. 
 5. Participant Elections 

All elections made by Fortive Participants under the Danaher EDIP prior to the close of the New York Stock Exchange on May 31, 2016, including any
deferral elections, earnings crediting rate elections, payment elections, and beneficiary designations, shall apply to the same effect under this Plan as if made under the terms of this Plan. 

  
 C-1 

 6. References to Plan 

All references in this Plan to the “Plan” as in effect before the Effective Date shall be read as references to the Danaher EDIP. To the extent that
the Plan refers to the Plan Sponsor for periods prior to the close of the New York Stock Exchange on May 31, 2016, such reference shall mean Danaher Corporation as plan sponsor of the Danaher EDIP. 

7. Right to Benefits 
 With respect to any recordkeeping
account established to determine a benefit provided or due under the Danaher EDIP at any time, no benefit will be due under the Plan except with respect to the portion of such recordkeeping account reflecting the liability transferred from the
Danaher EDIP to the Plan on the Effective Date. Additionally, on and after the Effective Date, Danaher and the Danaher EDIP, and any successors thereto shall have no further obligation or liability to any Fortive Participant with respect to any
benefit, amount, or right due under the Danaher EDIP transferred to the Plan. 
 8. Stock  

For the period prior to the Spin-off Date, “Common Stock” shall mean common stock of Danaher, par value $0.01 per share (“Danaher Common
Stock”). On and after the Spin-off Date, “Common Stock” shall mean common stock of Fortive Corporation. 
 As of the Spin-Off Date, Notional
Shares, and Performance Shares of Danaher common stock shall be converted into Notional Shares and Performance Shares of Fortive Corporation common stock as provided by an agreement between the Fortive Corporation and Danaher. The amounts to be
credited to a Participant’s Performance Shares Account under Section 3.1 will be based on such Performance Shares of Fortive Corporation common stock after the Spin-off Date. To the extent necessary, the Administrator shall use reasonable
interpretations and adjustments to determine the fair market value of the Common Stock. 

  
 C-2EX-10.1

 Exhibit 10.1 
  

 
 AMENDED AND RESTATED 

STOCKHOLDERS AGREEMENT 

of 
 US FOODS HOLDING
CORP. 
 dated as of June 1, 2016 
  

 

 TABLE OF CONTENTS 

 

							
	 	  	Page	 
	 RECITALS
	  	 	1	  
		
	 ARTICLE I DEFINITIONS
	  	 	1	  
	 SECTION 1.1.
	  	 Certain Defined Terms
	  	 	1	  
	 SECTION 1.2.
	  	 Other Definitional Provisions
	  	 	6	  
		
	 ARTICLE II CORPORATE GOVERNANCE
	  	 	6	  
	 SECTION 2.1.
	  	 Board Representation
	  	 	6	  
	 SECTION 2.2.
	  	 Committees
	  	 	9	  
	 SECTION 2.3.
	  	 [Reserved]
	  	 	9	  
	 SECTION 2.4.
	  	 Change in CEO
	  	 	9	  
	 SECTION 2.5.
	  	 Consent Rights
	  	 	10	  
	 SECTION 2.6.
	  	 Available Financial Information
	  	 	13	  
	 SECTION 2.7.
	  	 Access
	  	 	14	  
	 SECTION 2.8.
	  	 Termination of Rights.
	  	 	15	  
		
	 ARTICLE III MISCELLANEOUS
	  	 	15	  
	 SECTION 3.1.
	  	 Stockholder Indemnification; Reimbursement of Expenses
	  	 	15	  
	 SECTION 3.2.
	  	 Termination
	  	 	16	  
	 SECTION 3.3.
	  	 Amendments and Waivers
	  	 	17	  
	 SECTION 3.4.
	  	 Successors, Assigns and Transferees
	  	 	17	  
	 SECTION 3.5.
	  	 [Reserved].
	  	 	17	  
	 SECTION 3.6.
	  	 Notices
	  	 	17	  
	 SECTION 3.7.
	  	 Further Assurances
	  	 	19	  
	 SECTION 3.8.
	  	 Entire Agreement
	  	 	19	  
	 SECTION 3.9.
	  	 Restrictions on Other Agreements; Bylaws
	  	 	19	  
	 SECTION 3.11.
	  	 Delays or Omissions
	  	 	20	  
	 SECTION 3.12.
	  	 Governing Law; Jurisdiction; Waiver of Jury Trial
	  	 	20	  
	 SECTION 3.13.
	  	 Severability
	  	 	20	  
	 SECTION 3.14.
	  	 Enforcement
	  	 	20	  
	 SECTION 3.15.
	  	 Titles and Subtitles
	  	 	20	  
	 SECTION 3.16.
	  	 No Recourse
	  	 	20	  
	 SECTION 3.17.
	  	 Counterparts; Facsimile Signatures
	  	 	21	  
			
	 Exhibits
	  		  			
		
	 Exhibit A — Assignment and Assumption Agreement
	  			

  
 - i - 

 THIS STOCKHOLDERS AGREEMENT (this “Agreement”) is entered as of June 1, 2016,
among US FOODS HOLDING CORP., a Delaware corporation (the “Company”), and each of the stockholders of the Company whose name appears on the signature pages hereof (each, a “Stockholder” and collectively, the
“Stockholders”). 
 RECITALS 

WHEREAS, pursuant to the Stock Purchase Agreement, dated May 2, 2007 (the “Purchase Agreement”), by and between Restore
Acquisition Corp., a Delaware corporation and wholly owned subsidiary of the Company (“Restore”), Ahold U.S.A., Inc. and Koninklijke Ahold N.V. (“Ahold”), Restore acquired all of the outstanding shares of common
stock of U.S. Foodservice, Inc., a Delaware corporation (“USF”), and certain related trademarks described in the Purchase Agreement (the “Acquisition”); 

WHEREAS, immediately following the Acquisition, Restore merged with and into USF and USF was the surviving corporation of the merger and
wholly-owned subsidiary of the Company; 
 WHEREAS, the Company, USF, and the Stockholders previously entered into the USF Holding Corp.
Stockholders Agreement, dated as of July 3, 2007 (the “Initial Agreement”), establishing certain terms and conditions upon which the shares of Common Stock (as defined below) would be held, including provisions restricting the
transfer of shares of Common Stock, and providing for certain other matters; 
 WHEREAS, the Company is undertaking an underwritten initial
public offering (the “IPO”) of shares of Common Stock; and 
 WHEREAS, in connection with, and effective upon, the date of
the completion of the IPO (the “Closing Date”), pursuant to Section 5.3 of the Initial Agreement, the Company and the Stockholders wish to set forth certain understandings between such parties, including with respect to certain
governance matters. 
 NOW, THEREFORE, in consideration of the foregoing recitals and of the mutual promises hereinafter set forth, the
Company and the Stockholders hereby agree as follows: 
 ARTICLE I 

DEFINITIONS 
 SECTION 1.1.
Certain Defined Terms. As used herein, the following terms shall have the following meanings: 
 “Affiliate” means,
with respect to any Person, any other Person directly or indirectly controlling, controlled by or under common control with, such Person. 

“Annual Budget” has the meaning assigned to such term in Section 2.6(a)(ii). 

 “beneficial owner” or “beneficially own” has the meaning given
such term in Rule 13d-3 under the Exchange Act and a Person’s beneficial ownership of Common Stock or other Voting Securities of the Company shall be calculated in accordance with the provisions of such Rule; provided, however,
that for purposes of determining beneficial ownership, (i) a Person shall be deemed to be the beneficial owner of any security which may be acquired by such Person, whether within sixty (60) days or thereafter, upon the conversion, exchange or
exercise of any warrants, options, rights or other securities and (ii) no Person shall be deemed to beneficially own any security solely as a result of such Person’s execution of this Agreement. 

“Board” means the Board of Directors of the Company. 

“Business Day” means any day that is not a Saturday, a Sunday or other day on which banks are required or authorized by law
to be closed in the City of New York. 
 “Bylaws” means the Bylaws of the Company, as in effect on the date hereof and as
the same may be amended, supplemented or otherwise modified from time to time in accordance with the terms thereof, the terms of the Charter and the terms of this Agreement. 

“CD&R Investors” means Clayton, Dubilier & Rice Fund VII, L.P., Clayton, Dubilier & Rice Fund VII
(Co-Investment), L.P., CD&R Parallel Fund VII, L.P., CDR USF Co-Investor L.P., and CDR USF Co-Investor No. 2, L.P. 

“CD&R” means Clayton, Dubilier & Rice, Inc. 

“CD&R Designee” means any Director designated by the CD&R Investors pursuant to Section 2.1(a) of this Agreement.

 “CEO” means the Chief Executive Officer of the Company in office from time to time. 

“CEO Designee” has the meaning assigned to such term in Section 2.1(a). 

“Chairman” has the meaning assigned to such term in Section 2.1(a). 

“Change of Control” means the first to occur of the following events: (i) the sale of all or substantially all of the assets
of the Company to any Person (or group of Persons acting in concert), other than to (x) the Investors or their respective Affiliates or (y) any employee benefit plan (or trust forming a part thereof) maintained by the Company or its Affiliates or
other Person of which a majority of its voting power or other equity securities is owned, directly or indirectly, by the Company (any Person described in the foregoing clauses (x) or (y), an “Affiliated Person”); or (ii) a sale by
the Company, any of the Investors or any of their respective Affiliates to a Person (or group of Persons acting in concert) of Common Stock, or a merger, consolidation or similar transaction involving the Company, in any case, that results in more
than 50% of the Common Stock of the Company (or any resulting company after a merger) being held by a Person (or group of Persons acting in concert) that does not include an Affiliated Person; in any event, which results in the Investors and their
respective Affiliates or such employee benefit plan ceasing to hold the ability to elect a majority of the members of the Board. 

  
 2 

 “Charter” means the Amended and Restated Certificate of Incorporation of the
Company, as in effect on the date hereof and as the same may be amended, supplemented or otherwise modified from time to time in accordance with the terms thereof and the terms of this Agreement. 

“Closing Date” has the meaning set forth in the recitals. 

“Committee” has the meaning assigned to such term in Section 2.2(a). 

“Common Stock” means the common stock, par value $0.01 per share, of the Company and any securities issued in respect
thereof, or in substitution therefor, in connection with any stock split, dividend or combination, or any reclassification, recapitalization, merger, consolidation, exchange or other similar reorganization. 

“Company” has the meaning assigned to such term in the recitals. 

“Company Competitor” means any Person that is primarily engaged in any business that directly or indirectly competes with the
business of the Company in the foodservice distribution business in the continental United States. 
 “Consulting
Agreements” means collectively (i) the Consulting Agreement, dated as of July 3, 2007, by and between CD&R and the Company, and (ii) the Consulting Agreement, dated as of July 3, 2007, by and between KKR and the Company, in each case,
as the same may be amended from time to time in accordance with its terms and the terms of this Agreement. 
 “control”
(including the terms “controlling”, “controlled by” and “under common control with”), 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, as trustee or executor, by contract or otherwise. 

“Director” means any member of the Board. 

“Equity Securities” means any and all shares of Common Stock of the Company, securities of the Company convertible into, or
exchangeable or exercisable for, such shares, and options, warrants or other rights to acquire such shares. 
 “Exchange
Act” means the Securities Exchange Act of 1934, as amended, and the rules and regulations promulgated thereunder. 

“Exempt Transaction” means any acquisition or disposition (whether through merger, consolidation or otherwise) (i) which has
a purchase price (including any assumed indebtedness and valuing any non-cash consideration at its Fair Market Value) of less than $25,000,0000 and (ii) which, together with all other Exempt Transactions after the Closing Date has an aggregate
purchase price of less than $50,000,000; provided that no transaction described herein with any Affiliate of any Stockholder shall constitute an Exempt Transaction. 

  
 3 

 “Fair Market Value” means with respect to Common Stock, the average of the
closing sale prices of shares on the stock exchange or national market on which the shares are principally trading for a period of 30 trading days ending on the date in question, and with respect to any other non-cash consideration, the fair market
value of such non-cash consideration as determined in good faith by the Board. 
 “GAAP” means generally accepted
accounting principles, as in effect in the United States of America from time to time. 
 “Group” has the meaning assigned
to such term in Section 13(d)(3) of the Exchange Act. 
 “Indemnification Agreements” means collectively, (i) the
Indemnification Agreement, dated as of July 3, 2007, by and among the Company, CD&R and the CD&R Investors, and (ii) the Indemnification Agreement, dated as of July 3, 2007, by and among the Company, KKR and the KKR Investors, in each case,
as the same may be amended from time to time in accordance with its terms and the terms of this Agreement. 
 “Independent
Director” means a Director who qualifies as “independent” under Rules 303A.01 and 303A.02 of the New York Stock Exchange Listed Company Manual. 

“Investors” means the CD&R Investors and the KKR Investors. 

“IPO” has the meaning set forth in the recitals. 

“KKR” means Kohlberg Kravis Roberts & Co. L.P. 

“KKR Designee” means any Director designated by the KKR Investors pursuant to Section 2.1(a) of this Agreement. 

“KKR Investors” means KKR 2006 Fund L.P., KKR PEI Food Investments L.P., KKR Partners III, L.P., OPERF Co-Investment LLC and
ASF Walter Co-Invest L.P. 
 “Losses” has the meaning assigned to such term in Section 3.1(a). 

“Original Shares” means when used in reference to any one or more Stockholders, the shares of Common Stock held by such
Stockholder on the date hereof, or any shares or other securities which such shares of Common Stock may have been converted into or exchanged for in connection with any exchange, reclassification, dividend, distribution, stock split, combination,
subdivision, merger, spin-off, re-capitalization, re-organization or similar transaction. 
 “Permitted Transferee” means
an Affiliate (other than any “portfolio company” described below) of a Stockholder; provided, however, that in both cases such Transferee shall agree in a writing in the form attached as Exhibit A hereto to be bound by and to
comply with all applicable provisions of this Agreement; provided, further, however, that in no event shall (A) the Company or any of its Subsidiaries, (B) any “portfolio company” (as such term is customarily
used among institutional investors) of any Stockholder or any entity controlled by any portfolio company of any Stockholder or (C) any Company Competitor (whether or not an Affiliate of the Transferring Stockholder) constitute a “Permitted
Transferee”. 

  
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 “Person” means any individual, corporation, limited liability company, limited
or general partnership, joint venture, association, joint-stock company, trust, unincorporated organization, government or any agency or political subdivisions thereof or any Group comprised of two or more of the foregoing. 

“Principal Investors” means Clayton, Dubilier & Rice Fund VII, L.P. and KKR 2006 Fund L.P. 

“Registration Rights Agreement” means the Registration Rights Agreement, dated as of the date hereof, among the Company and
each of the Stockholders, as the same may be amended from time to time in accordance with its terms and the terms of this Agreement. 

“Repurchase” has the meaning assigned to such term in Section 2.5(a)(v). 

“Required Directors” has the meaning assigned to such term in Section 2.5(a). 

“Reserved Employee Shares” means options to purchase Common Stock (and shares of Common Stock issuable upon the exercise
thereof) to employees, officers, directors or consultants pursuant to any stock option, employee stock purchase or similar equity-based plans approved by the Board of Directors or approved by the Board of Directors and the stockholders of the
Company (in each case, as appropriately adjusted for any subsequent stock dividends, combinations, splits or the like), including the 2007 Stock Option Plan for Key Employees of USF Holding Corp. and its Subsidiaries, the US Foods Holding Corp. 2016
Omnibus Incentive Plan and the Employee Stock Purchase Plan. 
 “Securities Act” means the Securities Act of 1933, as
amended, and the rules and regulations promulgated thereunder. 
 “Stockholder” has the meaning set forth in the recitals.

 “Stockholder Designees” has the meaning assigned to such term in Section 2.1(a). 

“Stockholder Indemnitee” has the meaning assigned to such term in Section 3.1(a). 

“Subscription Agreements” means the share subscription agreements entered into on July 3, 2008 between the Company and each
of the Stockholders pursuant to which each of the Stockholders agreed to purchase from the Company shares of Common Stock. 

“Subsidiary” means (i) any corporation of which a majority of the securities entitled to vote generally in the election of
directors thereof, at the time as of which any determination is being made, are owned by another entity, either directly or indirectly, and (ii) any joint venture, general or limited partnership, limited liability company or other legal entity
in which an entity is the record or beneficial owner, directly or indirectly, of a majority of the voting interests or the general partner. 

  
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 “Transfer” means, directly or indirectly, to sell, transfer, assign, pledge,
encumber, hypothecate or similarly dispose of, either voluntarily or involuntarily, or to enter into any contract, option or other arrangement or understanding with respect to the sale, transfer, assignment, pledge, encumbrance, hypothecation or
similar disposition of, any shares of Equity Securities beneficially owned by a Person or any interest in any shares of Equity Securities beneficially owned by a Person. In the event that any Stockholder that is a corporation, partnership, limited
liability company or other legal entity (other than an individual, trust or estate) ceases to be controlled by the Person controlling such Stockholder or a Permitted Transferee thereof, such event shall be deemed to constitute a “Transfer”
subject to the restrictions on Transfer contained or referenced herein. 
 “Transferee” means any Person to whom any
Stockholder or any Transferee thereof Transfers Equity Securities of the Company in accordance with the terms hereof. 

“USF” has the meaning assigned to such term in the recitals. 

“Voting Securities” means, at any time, shares of any class of Equity Securities of the Company, which are then entitled to
vote generally in the election of Directors. 
 SECTION 1.2. Other Definitional Provisions. (a) The words
“hereof,” “herein” and “hereunder” and words of similar import when used in this Agreement shall refer to this Agreement as a whole and not to any particular provision of this Agreement, and Article and Section
references are to this Agreement unless otherwise specified. 
 (b) The meanings given to terms defined herein shall be equally applicable
to both the singular and plural forms of such terms. 
 ARTICLE II  

CORPORATE GOVERNANCE 

SECTION 2.1. Board Representation. (a) On the Closing Date, the Board shall be comprised of nine directors, with one of such nine
seats vacant, and thereafter, may be comprised of between two and fifteen Directors, but the number of Directors may only be changed with the consent of the CD&R Investors and the KKR Investors for so long as each has the right to designate a
Director pursuant to this Section 2.1(a). On and after the Closing Date, (i) the CD&R Investors, together with their affiliates, shall have the right, but not the obligation, to designate for nomination by the Board as Directors a number of
designees equal to (such Persons, the “CD&R Designees”): (A) at least forty percent (40%) of the total number of Directors comprising the Board at such as time as long as the CD&R Investors (together with their affiliates)
own at least ninety percent (90%) of their Original Shares, of whom, subject to Section 2.4, one shall be designated Chairman of the Board (“Chairman”); (B) at least thirty percent (30%) of the total number of Directors comprising
the Board at such time as long as the CD&R Investors (together with their affiliates) own less than ninety percent (90%) but not less than seventy-five percent (75%) of their Original Shares, of whom, subject to Section 2.4, one shall be
designated Chairman; (C) at least twenty percent (20%) of the total number of Directors 

  
 6 

 
comprising the Board at such time as long as the CD&R Investors (together with their affiliates) own less than seventy-five percent (75%) but not less than fifty percent (50%) of their
Original Shares, of whom, subject to Section 2.4, one shall be designated Chairman; (D) at least ten percent (10%) of the total number of Directors comprising the Board at such time as long as the CD&R Investors (together with their affiliates)
own less than fifty percent (50%) but not less than twenty-five percent (25%) of their Original Shares, of whom, subject to Section 2.4, one shall be designated Chairman; and (E) at least five percent (5%) of the total number of Directors comprising
the Board at such time as long as the CD&R Investors (together with their affiliates) own less than twenty-five percent (25%) but not less than ten percent (10%) of their Original Shares, of whom, subject to Section 2.4, one shall be designated
Chairman; provided that any such Chairman designee pursuant to clauses (A) through (E) shall be an operating partner of CD&R and who shall be entitled to be active in the day-to-day business of the Company and consult with the CEO with
respect thereto for so long as the CD&R Investors deem such consultation to be effective; (ii) the KKR Investors, together with their affiliates, shall have the right, but not the obligation, to designate for nomination by the Board as Directors
a number of designees equal to (such Persons, the “KKR Designees”, and, together with the CD&R Designees, the “Stockholder Designees”): (A) at least forty percent (40%) of the total number of Directors
comprising the Board at such as time as long as the KKR Investors (together with their affiliates) own at least ninety percent (90%) of their Original Shares; (B) at least thirty percent (30%) of the total number of Directors comprising the Board at
such time as long as the KKR Investors (together with their affiliates) own less than ninety percent (90%) but not less than seventy-five percent (75%) of their Original Shares; (C) at least twenty percent (20%) of the total number of Directors
comprising the Board at such time as long as the KKR Investors (together with their affiliates) own less than seventy-five percent (75%) but not less than fifty percent (50%) of their Original Shares; (D) at least ten percent (10%) of the total
number of Directors comprising the Board at such time as long as the KKR Investors (together with their affiliates) own less than fifty percent (50%) but not less than twenty-five percent (25%) of their Original Shares; and (E) at least five percent
(5%) of the total number of Directors comprising the Board at such time as long as the KKR Investors (together with their affiliates) own less than twenty-five percent (25%) but not less than ten percent (10%) of their Original Shares; and (iii) one
designee shall be the CEO (the “CEO Designee”) who shall be designated jointly by the CD&R Investors and the KKR Investors in accordance with Section 2.5(a). 

Effective as of the Closing Date, the CD&R Designees shall initially be John C. Compton, Kenneth A. Giuriceo and Richard J. Schnall, and
John C. Compton shall initially be designated as Chairman, the KKR Designees shall initially be Vishal Patel and Nathaniel H. Taylor, and the CEO Designee shall initially be Pietro Satriano. 

(b) The Company shall take such action as may be required under applicable law to cause the Board to consist of the number of Directors
specified in clause (a). 
 (c) The Company agrees to include in the slate of nominees recommended by the Board the Stockholder
Designees and the CEO Designee and to use its best efforts to cause the election of each such designee to the Board, including nominating such individuals to be elected as Directors as provided herein. 

  
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 (d) In the event that a vacancy is created at any time by the death, disability, retirement,
resignation or removal (with or without cause) of any Director designated pursuant to clause (i), (ii) or (iii) of Section 2.1(a) (or pursuant to the Initial Agreement), the remaining Directors and the Company shall cause the vacancy created thereby
to be filled by a new designee of the CD&R Investors or the KKR Investors, as applicable, who designated such Director as soon as possible, and the Company hereby agrees to take, at any time and from time to time, all actions necessary to
accomplish the same. 
 (e) Each of the Stockholders agrees to vote, or act by written consent with respect to, all Voting Securities
beneficially owned by it, at each annual or special meeting of stockholders of the Company at which Directors are to be elected or to take all actions by written consent in lieu of any such meeting as are necessary, to cause the Stockholder
Designees and the CEO Designee to be elected to the Board. Each of the Stockholders agrees to use its commercially reasonable efforts to cause the election of each such designee to the Board, including nominating such individuals to be elected
as members of the Board. In the event that a vacancy is created at any time by the death, disability, retirement, resignation or removal (with or without cause) of any Director designated pursuant to clause (i), (ii) or (iii) of Section 2.1(a)
(or pursuant to the Initial Agreement) and the remaining Directors pursuant to Section 2.1(d) have caused the vacancy created thereby to be filled by a new designee of the CD&R Investors or KKR Investors, as applicable, then in such case each
Stockholder hereby agrees to take, at any time and from time to time, all actions necessary to accomplish the same. Upon the written request of the CD&R Investors or the KKR Investors, as applicable, each other Stockholder shall vote, or
act by written consent with respect to, all Voting Securities beneficially owned by it and otherwise take or cause to be taken all actions necessary to remove any Director designated by such Stockholders and to elect any replacement Director
designated as provided in this Section 2.1(e). Unless the CD&R Investors or the KKR Investors shall otherwise request in writing, no other Stockholder shall take any action to cause the removal of any Directors designated by such
Stockholders. 
 (f) In the event the CD&R Investors or the KKR Investors, as applicable, shall cease to have the right to
designate a Director in accordance with Section 2.1(a), the designee of such Stockholders selected by such Stockholders shall resign and the Directors remaining in office shall decrease the size of the Board to eliminate such vacancy and no consent
under Section 2.5(a) shall be required in connection with such decrease. 
 (g) The Company shall reimburse each Stockholder Designee
for their reasonable out-of-pocket expenses incurred by them for the purpose of attending meetings of the Board or committees thereof. 

(h) The CD&R Investors and the KKR Investors shall have the right to representation on the board of directors of any Subsidiary in
proportion to their representation on the Board. 
 (i) Following any termination or resignation of the CEO and prior to the hiring of
a replacement CEO pursuant to Section 2.4(c), the CD&R Designee serving as Chairman pursuant to Section 2.1(a)(i) shall be entitled to serve also as CEO on an interim basis until such replacement CEO is hired (during which time the Board seat to
which the CEO Designee is 

  
 8 

 
entitled pursuant to Section 2.1(a)(iii) shall remain vacant). In the event that such CD&R Designee has served as CEO for a period of six months, the continuation of such CD&R
Designee to serve in such position shall require the approval of the Required Directors pursuant to Section 2.5(a)(i).
 (j) In the
event that the size of the Board is expanded to include Independent Directors, the CD&R Investors, on the one hand, and the KKR Investors, on the other hand, shall initially be entitled to designate an equal number of Independent Directors and
each such Independent Director shall be subject to the approval of the non-designating Investor. 
 (k) The rights of the Stockholders
pursuant to this Section 2.1 are personal to the Stockholders and shall not be exercised by any Transferee other than a Permitted Transferee described in clause (ii) of the definition thereof. 

SECTION 2.2. Committees. (a) The Board shall have an Audit Committee, a Compensation Committee and a Nominating and Corporate
Governance Committee, and may form additional committees upon the approval of the Board (each, a “Committee”). The power and authority of each Committee shall be determined from time to time by the Board. 

(b) So long as the CD&R Investors or the KKR Investors, as applicable, have the right to designate at least one (1) Director pursuant
to Section 2.1, the Company shall cause the Audit Committee, the Compensation Committee, the Nominating and Corporate Governance Committee or other significant committee of the Board (including, without limitation, any committee performing the
functions usually reserved for the committees described above) to include at least one (1) CD&R Designee and one (1) KKR Designee; provided that the right of any Director to serve on a Committee shall be subject to applicable law and the
Company’s obligation to comply with any applicable independence requirements of a national securities exchange upon which the Common Stock is listed to which it is then subject. 

SECTION 2.3. [Reserved]. 

SECTION 2.4. Change in CEO. (a) The Principal Investors shall cooperate with each other in good faith to evaluate on a
periodic basis the performance of the CEO and shall use all reasonable efforts to reach mutual agreement with respect to whether replacing the CEO at any time is in the best interests of the Company. 

(b) [Reserved].

(c) Following any termination or resignation of the CEO, the Stockholder Designees shall cause the Board to promptly initiate a search
for a replacement CEO, the hiring of such replacement CEO to require the consent of the Required Directors pursuant to Section 2.5(a)(i). In connection with such search, the Principal Investors shall consider in good faith the need to combine
the titles of Chairman and CEO to the extent necessary to attract the most qualified CEO candidates. Upon the termination or resignation of any Person who holds the title of Chairman and CEO, the CD&R Designee shall be entitled to serve as
both Chairman pursuant to Section 2.1(a)(i) and interim CEO pursuant to Section 2.1(i). Notwithstanding that such CD&R Designee no longer holds the title of Chairman, such designee shall be entitled to continue to be active in the
day-to-day business of the Company as specified in Section 2.1(a)(i). 

  
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 SECTION 2.5. Consent Rights. (a) In addition to any vote or consent of the Board or
the stockholders of the Company required by law or the Charter, and notwithstanding anything in this Agreement to the contrary, the Company shall not, and to the extent applicable, shall not permit any Subsidiary of the Company to, take any of the
following actions, or enter into any arrangement or contract to do any of the following actions, without the consent in writing of at least one CD&R Designee and one KKR Designee (the consent of the “Required Directors”), which
shall be necessary for authorizing, effecting or validating such transactions; provided that if the CD&R Investors or the KKR Investors, as applicable, are no longer entitled to appoint a Stockholder Designee, any such action shall,
subject to Section 2.8(a), require the written consent of the CD&R Investors or the KKR Investors, as applicable: 
 (i) except as
provided in Section 2.4, the selection, hiring, termination or removal of the CEO, any Person hired to replace the CEO, the continuation of a CD&R Designee as interim CEO for a period of greater than six months, and any determination of the
compensation of the CEO of the Company or his or her direct reports; 
 (ii) any (A) merger or consolidation with or into any other Person,
or any acquisition of another Person, whether in a single transaction or a series of related transactions, other than any Exempt Transaction, (B) proposed transaction or series of related transactions involving a Change of Control of the Company, or
(C) proposed Transfer by a Stockholder except to a Permitted Transferee; 
 (iii) the incurrence of indebtedness for borrowed money
(including through capital leases, the issuance of debt securities or the guarantee of indebtedness of another Person) other than the incurrence of trade payables arising in the ordinary course of operating the business; 

(iv) any authorization, creation (by way of reclassification, merger, consolidation or otherwise) or issuance of any securities of the Company
and for the avoidance of doubt, in connection with an Exempt Transaction), other than (A) the issuance of Reserved Employee Shares, or (B) the issuance of any securities as consideration in, or in connection with, a transaction approved pursuant to
Sections 2.5(a)(ii) or (xiii); 
 (v) any redemption, acquisition or other purchase of any shares of Common Stock (a
“Repurchase”) other than a Repurchase from an employee (not including the CEO) in connection with such employee’s termination of employment with the Company or any Subsidiary; 

(vi) any payment or declaration of any dividend or other distribution on any shares of Common Stock or entering into any recapitalization
transaction the primary purpose of which is to pay a dividend; 
 (vii) the creation of any non-wholly owned subsidiaries, or the Transfer or
any sale or Transfer of a Subsidiary’s securities to any Person other than the Company or a wholly owned Subsidiary of the Company (other than any pledge of such Subsidiary’s stock pursuant to a financing approved by the Board in
accordance with Section 2.5(a)(iii); 

  
 10 

 (viii) the creation or amendment of any stock option, employee stock purchase or similar
equity-based plan for management or employees, or any increase in the number of Reserved Employee Shares; 
 (ix) [intentionally omitted];

 (x) any transaction with or involving any Affiliate of the Company or any Affiliate of any stockholder of the Company that beneficially
owns in excess of ten percent (10%) of the voting power of the Company, other than (A) a Transfer to a Permitted Transferee, (B) the Consulting Agreements, the Registration Rights Agreement and the Indemnification Agreements, but including any
amendment, termination or material waiver under any such agreements, or (C) any transaction or series of related transactions in the ordinary course of business and on arms-length third-party terms with any “portfolio company” (as such
term is customarily used among institutional investors) held or managed by any Affiliate of the Company and not involving amounts in excess of $5,000,000 per annum; 

(xi) any amendment, repeal or alteration of the Charter or the Bylaws or any organizational documents of any Subsidiary, whether by or in
connection with a merger or consolidation or otherwise; 
 (xii) any increase or decrease in the size or composition of the Board, committees
of the Board, and boards and committees of Subsidiaries of the Company and any termination or removal of an Independent Director; 
 (xiii)
any (A) acquisition of the stock or assets of any Person, or the acquiring by any other manner of any business, properties, assets, or Persons, in one transaction or a series of related transactions, or (B) dispositions of assets of the Company or
any Subsidiary, other than, in either case, an Exempt Transaction; 
 (xiv) [intentionally omitted]; 

(xv) any voluntary election by the Company or any Subsidiary of the Company to liquidate or dissolve or to commence bankruptcy or insolvency
proceedings or the adoption of a plan with respect to any of the foregoing; 
 (xvi) any material change in a significant accounting policy
of the Company and any termination or change of the Company’s independent auditor; 
 (xvii) [intentionally omitted]; 

(xviii) [intentionally omitted]; 

(xix) [intentionally omitted]; 

  
 11 

 (xx) the grant of registration rights to any Stockholder (including any Permitted Transferee of a
Stockholder), other than (A) the transfer of demand registration rights permitted by the Registration Rights Agreement or (B) the grant of piggyback registration rights pursuant to any agreement entered into with any management stockholder after the
date hereof in the ordinary course; 
 (xxi) [intentionally omitted]; 

(xxii) the deregistration of the Company pursuant to Section 7 of the Registration Rights Agreement; 

(xxiii) settlement of any litigation to which the Company or any of its Subsidiaries is a party involving the payment by the Company or any of
its Subsidiaries of an amount equal to or greater than $15 million; 
 (xxiv) making a material tax election or entering into any agreement
in respect of taxes, including the settlement of any material tax controversy, or similar action relating to the filing of any tax return or the payment of any tax, if such election, agreement or action would reasonably be expected to result in any
direct tax liability for any of the Stockholders or any direct or indirect holder of equity in any of the Stockholders; and 
 (xxv) any
material change in the nature of the business of the Company or any Subsidiary, taken as a whole. 
 (b) In connection with any vote or
action by written consent of the stockholders of the Company relating to any matter requiring consent as specified in Section 2.5(a), each Stockholder agrees, with respect to any Voting Securities beneficially owned by such Stockholder with respect
to which it has the power to vote, (i) to vote against (and not act by written consent to approve) such matter if such matter has not been consented to by the Required Directors in accordance with Section 2.5(a) and (ii) to take or cause to be
taken, upon the written request of the CD&R Investors (if such matter has not been consented to by a CD&R Designee) or the KKR Investors (if such matter has not been consented to by a KKR Designee), all other reasonable actions, at the
expense of the Company, required, to the extent permitted by law, to prevent the taking of any action by the Company with respect to a matter unless such matter has been consented to by the Required Directors in accordance with Section 2.5(a). 

(c) Each Stockholder (i) that is a Permitted Transferee, an Affiliate co-investor or a co-investment vehicle hereby irrevocably grants to
and appoints the Principal Investor which is an Affiliate of such Stockholder and (ii) that is not a Person described in clause (i), hereby irrevocably grants to and appoints the Principal Investors collectively (to act by unanimous consent) such
Stockholder’s proxy and attorney-in-fact (with full power of substitution), for and in the name, place and stead of such Stockholder, to vote or act by written consent with respect to such Stockholder’s Common Stock, and to grant a
consent, proxy or approval in respect of such Common Stock, in the event that such Stockholder fails at any time to vote or act by written consent with respect to any of its Common Stock in the manner agreed by such Stockholder in this Agreement, in
each case in accordance with such Stockholder’s agreements contained in this Agreement. Each Stockholder (other than the Principal Investors) hereby affirms that the irrevocable proxy set forth in this Section 2.5(c) will be valid for the term
of this 

  
 12 

 
Agreement and is given to secure the performance of the obligations of such Stockholder under this Agreement. Each such Stockholder hereby further affirms that each proxy hereby granted
shall be irrevocable and shall be deemed coupled with an interest and shall extend for the term of this Agreement, or, if earlier, until the last date permitted by applicable law. For the avoidance of doubt, except as expressly contemplated by
this Section 2.5(c), none of the Stockholders has been granted a proxy to any Person to exercise the rights of any such Stockholder under this Agreement or any other agreement to which such Stockholders is a party. 

SECTION 2.6. Available Financial Information. (a) Upon the written request of such Stockholder, the Company will deliver, or
will cause to be delivered, the information set forth in clauses (iii) and (iv) to each requesting Stockholder and, and upon the written request of any Principal Investor, the information listed in clause (i) and (ii) to such Principal Investor and
any transferee of a CD&R Investor or a KKR Investor which holds shares of Common Stock that constitute at least twenty-five percent (25%) of the Original Shares of the CD&R Investors or the KKR Investors, as applicable, until such time as
such Stockholder and its Affiliates shall cease to own any shares of Common Stock: 
 (i) as soon as available after the end
of each month and in any event within thirty (30) days thereafter, a consolidated balance sheet of the Company and its Subsidiaries as of the end of such month and consolidated statements of operations, income, cash flows, retained earnings and
stockholders’ equity of the Company and its Subsidiaries, for each month and for the current fiscal year of the Company to date, prepared in accordance with GAAP (subject to normal year-end audit adjustments and the absence of notes thereto),
together with a comparison of such statements to the corresponding periods of the prior fiscal year and to the Company’s business plan then in effect and approved by the Board; 

(ii) an annual budget, a business plan and financial forecasts for the Company for the next fiscal year of the Company (the
“Annual Budget”), no later than thirty (30) days before the beginning of the Company’s next fiscal year, in such manner and form as approved by the Board, which shall include at least a projection of income and a projected cash
flow statement for each fiscal quarter in such fiscal year and a projected balance sheet as of the end of each fiscal quarter in such fiscal year, in each case prepared in reasonable detail, with appropriate presentation and discussion of the
principal assumptions upon which such budgets and projections are based, which shall be accompanied by the statement of the chief executive officer or chief financial officer or equivalent officer of the Company to the effect that such budget and
projections are based on reasonable and good faith estimates and assumptions made by the management of the Company for the respective periods covered thereby; it being recognized by such holders that such budgets and projections as to future events
are not to be viewed as facts and that actual results during the period or periods covered by them may differ from the projected results. Any material changes in such Annual Budget shall be delivered to the Stockholders as promptly as practicable
after such changes have been approved by the Board; 

  
 13 

 (iii) as soon as available after the end of each fiscal year of the Company, and
in any event within ninety (90) days thereafter, (A) the annual financial statements required to be filed by the Company pursuant to the Exchange Act or (B) a consolidated balance sheet of the Company and its Subsidiaries as of the end of such
fiscal year, and consolidated statements of income, retained earnings and cash flows of the Company and its Subsidiaries for such year, prepared in accordance with GAAP and setting forth in each case in comparative form the figures for the previous
fiscal year, all in reasonable detail and accompanied by the opinion of independent public accountants of recognized national standing selected by the Company, and a Company-prepared comparison to the Company’s Annual Budget for such year as
approved by the Board; and 
 (iv) as soon as available after the end of the first, second and third quarterly accounting
periods in each fiscal year of the Company, and in any event within forty-five (45) days thereafter, (A) the quarterly financial statements required to be filed by the Company pursuant to the Exchange Act or (B) a consolidated balance sheet of the
Company and its Subsidiaries as of the end of each such quarterly period, and consolidated statements of income, retained earnings and cash flows of the Company and its Subsidiaries for such period and for the current fiscal year to date, prepared
in accordance with GAAP (subject to normal year-end audit adjustments and the absence of notes thereto) and setting forth in comparative form the figures for the corresponding periods of the previous fiscal year and to the Company’s Annual
Budget then in effect as approved by the Board, all in reasonable detail and certified by the principal financial or accounting officer of the Company. 

(b) Other Information. The Company covenants and agrees to deliver to each Stockholder, upon written request, so long as such
Stockholder owns at least five percent (5%) of the outstanding shares of Common Stock, with reasonable promptness, such other information and data (including such information and reports made available to any lender of the Company or any of its
Subsidiaries under any credit agreement or otherwise) with respect to the Company and each of its Subsidiaries as from time to time may be reasonably requested by any such Stockholder; provided that the Company reserves the right to withhold
any information under this Section 2.6(b) or access under Section 2.7 from a Stockholder if the Board determines that providing such information or granting such access would reasonably be expected to adversely affect the Company on a competitive
basis or otherwise. Each such Stockholder shall have access to such other information concerning the Company’s business or financial condition and the Company’s management as may be reasonably requested, including all rights necessary to
satisfy VCOC requirements applicable to such Stockholder. 
 SECTION 2.7. Access. The Company shall, and shall cause its
Subsidiaries, officers, directors, employees, auditors and other agents to, until such time as an Stockholder shall cease to own any shares of Common Stock, (a) afford the officers, employees, auditors and other agents of such Stockholder, during
normal business hours and upon reasonable notice reasonable access at all reasonable times to its officers, employees, auditors, legal counsel, properties, offices, plants and other facilities and to all books and records, and (b) afford such
Stockholder the opportunity to discuss the affairs, finances and accounts of the Company and its Subsidiaries with their respective officers from time to time as each such Stockholder may reasonably request. 

  
 14 

 SECTION 2.8. Termination of Rights. Notwithstanding Sections 2.4 and 2.5,
at such time as the CD&R Investors or the KKR Investors, as applicable, together with their respective Affiliates, shall cease to own a number of shares of Common Stock equal to at least ten percent (10%) of the outstanding shares of Common
Stock, the CD&R Investors or the KKR Investors, as applicable, shall cease to have any rights under Sections 2.4 and 2.5. 
 ARTICLE III
 
 MISCELLANEOUS 

SECTION 3.1. Stockholder Indemnification; Reimbursement of Expenses. 

(a) The Company agrees to indemnify and hold harmless each Stockholder, their respective directors, members, managers and officers and
their Affiliates (the Stockholders, and the respective directors, officers, partners, members, managers, Affiliates and controlling persons thereof, each, an “Stockholder Indemnitee”) from and against any and all liability,
including, without limitation, all obligations, costs, fines, claims, actions, injuries, demands, suits, judgments, proceedings, investigations, arbitrations (including stockholder claims, actions, injuries, demands, suits, judgments, proceedings,
investigations or arbitrations) and reasonable expenses, including reasonable accountant’s and reasonable attorney’s fees and expenses (together the “Losses”), incurred by such Stockholder Indemnitee before or after the
date of this Agreement and arising out of, resulting from, or relating to (i) such Stockholder Indemnitee’s purchase and/or ownership of any Equity Securities, (ii) the transactions contemplated by the Subscription Agreement to which it is a
party (including the agreements described therein), and any other subscription agreements pursuant to which any Stockholder Indemnitee purchased securities of the Company and all agreements contemplated thereby, or (iii) any litigation to which any
Stockholder Indemnitee is made a party in its capacity as a stockholder or owner of securities (or a partner, director, officer, member, manager, Affiliate or controlling person of any Stockholder Indemnitee) of the Company; provided that the
foregoing indemnification rights in this Section 3.1 shall not be available to the extent that (a) any such Losses are incurred as a result of such Stockholder Indemnitee’s willful misconduct or gross negligence; (b) any such Losses are
incurred as a result of non-compliance by such Stockholder Indemnitee with any laws or regulations applicable to any of them; (c) any such Losses are incurred as a result of non-compliance by such Stockholder Indemnitee with its obligations under
any of the agreements or instruments referenced above or any other agreements or instruments to which such Stockholder Indemnitee is or becomes a party or otherwise becomes bound; or (d) subject to the rights of contribution provided for below, to
the extent indemnification for any Losses would violate any applicable law, regulation or public policy. For purposes of this Section 3.1, none of the circumstances described in the limitations contained in the proviso in the immediately preceding
sentence shall be deemed to apply absent a final non-appealable judgment of a court of competent jurisdiction to such effect, in which case to the extent any such limitation is so determined to apply to any Stockholder Indemnitee as to any
previously advanced indemnity payments made by the Company under this Section 3.1, then such payments shall be promptly 

  
 15 

 
repaid by such Stockholder Indemnitee to the Company. The rights of any Stockholder Indemnitee to indemnification hereunder will be in addition to any other rights any such party may have
under any other agreement or instrument referenced above or any other agreement or instrument to which such Stockholder Indemnitee is or becomes a party or is or otherwise becomes a beneficiary or under law or regulation. In the event of any
payment of indemnification pursuant to this Section 3.1, so long as any Stockholder Indemnitee is fully indemnified for all Losses, the Company will be subrogated to the extent of such payment to all of the related rights of recovery of the
Stockholder Indemnitee to which such payment is made against all other Persons. Such Stockholder Indemnitee shall execute all papers reasonably required to evidence such rights. The Company will be entitled at its election to participate
in the defense of any third party claim upon which indemnification is due pursuant to this Section 3.1 or to assume the defense thereof, with counsel reasonably satisfactory to such Stockholder Indemnitee unless, in the reasonable judgment of the
Stockholder Indemnitee, a conflict of interest between the Company and such Stockholder Indemnitee may exist, in which case such Stockholder Indemnitee shall have the right to assume its own defense and the Company shall be liable for all reasonable
expenses therefor. Except as set forth above, should the Company assume such defense all further defense costs of the Stockholder Indemnitee in respect of such third party claim shall be for the sole account of such party and not subject to
indemnification hereunder. The Company will not without the prior written consent of the Stockholder Indemnitee effect any settlement of any threatened or pending third party claim in which such Stockholder Indemnitee is or could have been a
party and be entitled to indemnification hereunder unless such settlement solely involves the payment of money and includes an unconditional release of such Stockholder Indemnitee from all liability and claims that are the subject matter of such
claim. If the indemnification provided for above is unavailable in respect of any Losses, then the Company, in lieu of indemnifying an Stockholder Indemnitee, shall contribute to the amount paid or payable by such Stockholder Indemnitee in such
proportion as is appropriate to reflect the relative fault of the Company and such Stockholder Indemnitee in connection with the actions which resulted in such Losses, as well as any other equitable considerations.

The Company agrees to pay or reimburse (i) the Stockholders for (A) all reasonable costs and expenses (including reasonable attorneys fees,
charges, disbursement and expenses) incurred in connection with any amendment, supplement, modification or waiver of or to any of the terms or provisions of this Agreement or any related agreements and (B) in connection with any stamp, transfer,
documentary or other similar taxes, assessments or charges levied by any governmental or revenue authority in respect of this Agreement or any related agreements; and (ii) each Stockholder for all costs and expenses of such Stockholder (including
reasonable attorneys fees, charges, disbursement and expenses) incurred in connection with (1) the consent to any departure by the Company or any of its Subsidiaries from the terms of any provision of this Agreement or any related agreements
and (2) the enforcement or exercise by such Stockholder of any right granted to it or provided for hereunder. 
 SECTION 3.2.
Termination. Subject to the early termination of any provision as a result of an amendment to this Agreement agreed to by the Board and the Stockholders as provided under Section 3.3 (i) the provisions of Article II shall, with
respect to each Stockholder, terminate as provided in the applicable Section of Article II or, if not so provided, as provided in Section 2.8 and (ii) Section 3.1 of this Agreement shall not terminate. Nothing herein shall relieve any
party from any liability for the breach of any of the agreements set forth in this Agreement. 

  
 16 

 SECTION 3.3. Amendments and Waivers. (a) Except as otherwise provided herein, no
modification, amendment or waiver of any provision of this Agreement shall be effective without the approval of the Board and each of the CD&R Investors and the KKR Investors; provided, that any Stockholder may waive (in writing) the
benefit of any provision of this Agreement with respect to itself for any purpose. The failure of any party to enforce any of the provisions of this Agreement shall in no way be construed as a waiver of such provisions and shall not affect the
right of such party thereafter to enforce each and every provision of this Agreement in accordance with its terms. Any written amendment or waiver to this Agreement that receives the vote or consent of the Stockholders provided herein need not
be signed by all Stockholders, but shall be effective in accordance with its terms and shall be binding upon all Stockholders. 
 SECTION
3.4. Successors, Assigns and Transferees. This Agreement shall bind and inure to the benefit of and be enforceable by the parties hereto and their respective successors and permitted assigns. Stockholders may assign their respective
rights and obligations hereunder to any Transferees only to the extent expressly provided herein. 
 SECTION
3.5. [Reserved]. 
 SECTION 3.6. Notices. All notices and other communications required or permitted hereunder
shall be in writing and shall be deemed effectively given: (a) upon personal delivery to the party to be notified; (b) when sent by confirmed facsimile if sent during normal business hours of the recipient, if not, then on the next Business Day,
provided that a copy of such notice is also sent via nationally recognized overnight courier, specifying next day delivery, with written verification of receipt; (c) five days after having been sent by registered or certified mail, return receipt
requested, postage prepaid; or (d) one Business Day after deposit with a nationally recognized overnight courier, specifying next day delivery, with written verification of receipt. All communications shall be sent to such party’s address as
set forth below or at such other address as the party shall have furnished to each other party in writing in accordance with this provision: 

if to the Company, to: 
 US Foods
Holding Corp. 
 9399 W. Higgins Road, Suite 500 

Rosemont, Illinois 60018 

Attention: Juliette W. Pryor, Esq. 

Facsimile: (847) 720-8000 
 with a
copy (which shall not constitute notice) to: 
 Kohlberg Kravis Roberts & Co. L.P. 

2800 Sand Hill Road, Suite 94025 

Menlo Park, California 94025 

Attention: Nathaniel H. Taylor 

Facsimile: 650-233-6561 

  
 17 

 and 

Clayton, Dubilier & Rice, Inc. 

375 Park Avenue 
 18th Floor 
 New York, New York 10152 

Attention: Richard J. Schnall 

Facsimile: (212) 407-5252 
 with a
copy (which shall not constitute notice) to: 
 Jenner & Block LLP 

919 Third Avenue 
 New York, New
York 10022 
 Attention: Kevin T. Collins 

Facsimile: (212) 891-1699 
 and

 Debevoise & Plimpton LLP 

919 Third Avenue 
 New York, New
York 10022 
 Attention: Steven J. Slutzky, Esq. 

Facsimile: (212) 909-6036 
 and

 Simpson Thacher & Bartlett LLP 

425 Lexington Avenue 
 New York,
New York 10017 
 Attention: Marnie Lerner 

Facsimile: (212) 455-2502 
 if to
a KKR Investor, to: 
 Kohlberg Kravis Roberts & Co. L.P. 

2800 Sand Hill Road, Suite 94025 

Menlo Park, California 94025 

Attention: Nathaniel H. Taylor 

Facsimile: 650-233-6561 
 with a
copy (which shall not constitute notice) to: 
 Simpson Thacher & Bartlett LLP 

425 Lexington Avenue 

  
 18 

 New York, New York 10017 

Attention: Marnie Lerner 

Facsimile: (212) 455-2502 
 if to
a CD&R Investor, to: 
 Clayton, Dubilier & Rice, Inc. 

375 Park Avenue 
 18th Floor 
 New York, New York 10152 

Attention: Richard J. Schnall 

Facsimile: (212) 407-5252 
 with a
copy (which shall not constitute notice) to: 
 Debevoise & Plimpton LLP 

919 Third Avenue 
 New York, New
York 10022 
 Attention: Steven J. Slutzky, Esq. 

Facsimile: (212) 909-6036 

SECTION 3.7. Further Assurances. At any time or from time to time after the date hereof, the parties agree to cooperate with each
other, and at the request of any other party, to execute and deliver any further instruments or documents and to take all such further action as the other party may reasonably request in order to evidence or effectuate the consummation of the
transactions contemplated hereby and to otherwise carry out the intent of the parties hereunder. 
 SECTION 3.8. Entire
Agreement. Except as otherwise expressly set forth herein, this Agreement together with the Registration Rights Agreement and the Subscription Agreements embody the complete agreement and understanding among the parties hereto with respect
to the subject matter hereof and supersedes and preempts any prior understandings, agreements or representations by or among the parties, written or oral, that may have related to the subject matter hereof in any way. 

SECTION 3.9. Restrictions on Other Agreements; Bylaws. (a) Following the date hereof, no Stockholder or any of its, her or
his Permitted Transferees shall enter into or agree to be bound by any stockholder agreements or arrangements of any kind with any Person with respect to any Equity Securities except pursuant to the agreements specifically contemplated by the
Subscription Agreement to which it is a party and the Registration Rights Agreement. 
 (b) The provisions of this Agreement shall be
controlling if any such provisions or the operation thereof conflict with the provisions of the Company’s Bylaws. Each of the parties covenants and agrees to vote their Equity Securities and to take any other action reasonably requested by the
Company or any Stockholder to amend the Company’s Bylaws so as to avoid any conflict with the provisions hereof. 

  
 19 

 SECTION 3.11. Delays or Omissions . It is agreed that no delay or omission to exercise any
right, power or remedy accruing to any party, upon any breach, default or noncompliance by another party under this Agreement, shall impair any such right, power or remedy, nor shall it be construed to be a waiver of any such breach, default or
noncompliance, or any acquiescence therein, or of or in any similar breach, default or noncompliance thereafter occurring. It is further agreed that any waiver, permit, consent or approval of any kind or character on the part of any party hereto of
any breach, default or noncompliance under this Agreement or any waiver on such party’s part of any provisions or conditions of this Agreement, must be in writing and shall be effective only to the extent specifically set forth in such writing.
All remedies, either under this Agreement, by law, or otherwise afforded to any party, shall be cumulative and not alternative. 
 SECTION
3.12. Governing Law; Jurisdiction; Waiver of Jury Trial. This Agreement shall be governed in all respects by the laws of the State of New York regardless of the law that might be applied under principles of conflict of laws to the extent
such principles would require or permit the application of the laws of another jurisdiction. No suit, action or proceeding with respect to this Agreement may be brought in any court or before any similar authority other than in a court of
competent jurisdiction in the State of New York, and the parties hereto hereby submit to the exclusive jurisdiction of such courts for the purpose of such suit, proceeding or judgment. Each party hereto hereby irrevocably waives any right it
may have had to bring such an action in any other court, domestic or foreign, or before any similar domestic or foreign authority. Each of the parties hereto hereby irrevocably and unconditionally waives trial by jury in any legal action or
proceeding in relation to this Agreement and for any counterclaim therein. 
 SECTION 3.13. Severability. Whenever possible,
each provision of this Agreement shall be interpreted in such manner as to be effective and valid under applicable law, but if any provision of this Agreement is held to be invalid, illegal or unenforceable in any respect under any applicable law or
rule in any jurisdiction, such invalidity, illegality or unenforceability shall not affect any other provision or any other jurisdiction, but this Agreement shall be reformed, construed and enforced in such jurisdiction as if such invalid, illegal
or unenforceable provision had never been contained herein. 
 SECTION 3.14. Enforcement. Each party hereto acknowledges that
money damages would not be an adequate remedy in the event that any of the covenants or agreements in this Agreement are not performed in accordance with its terms, and it is therefore agreed that in addition to and without limiting any other remedy
or right it may have, the non-breaching party will have the right to an injunction, temporary restraining order or other equitable relief in any court of competent jurisdiction enjoining any such breach and enforcing specifically the terms and
provisions hereof. 
 SECTION 3.15. Titles and Subtitles. The titles of the sections and subsections of this Agreement are for
convenience of reference only and are not to be considered in construing this Agreement. 
 SECTION 3.16. No
Recourse. Notwithstanding anything that may be expressed or implied in this Agreement, the Company and each Stockholder covenant, agree and 

  
 20 

 
acknowledge that no recourse under this Agreement or any documents or instruments delivered in connection with this Agreement shall be had against any current or future director, officer,
employee, general or limited partner or member of any Stockholder or of any Affiliate or assignee thereof, whether by the enforcement of any assessment or by any legal or equitable proceeding, or by virtue of any statute, regulation or other
applicable law, it being expressly agreed and acknowledged that no personal liability whatsoever shall attach to, be imposed on or otherwise be incurred by any current or future officer, agent or employee of any Stockholder or any current or future
member of any Stockholder or any current or future director, officer, employee, partner or member of any Stockholder or of any Affiliate or assignee thereof, as such for any obligation of any Stockholder under this Agreement or any documents or
instruments delivered in connection with this Agreement for any claim based on, in respect of or by reason of such obligations or their creation. 

SECTION 3.17. Counterparts; Facsimile Signatures. This Agreement may be executed in any number of counterparts, each of which
shall be an original, but all of which together shall constitute one instrument. This Agreement may be executed by facsimile signature(s). 

[Rest of page intentionally left blank] 

  
 21 

 IN WITNESS WHEREOF, the parties hereto have executed this Stockholders Agreement as of the date
set forth in the first paragraph hereof. 
  

			
		 	US FOODS HOLDING CORP.
		
	By:	 	 /s/ Juliette Pryor

		 	    Name: Juliette Pryor
		 	    Title: Executive Vice President,
		 	        General Counsel and Secretary

 [Signature Page to US Foods Holding Corp. Amended and Restated Stockholders Agreement] 

 
			
	KKR 2006 FUND L.P.
		
	By:	 	 KKR Associates 2006 L.P.,
 its General
Partner

		
	By:	 	 KKR 2006 GP LLC,
 its General
Partner

		
	By:	 	 /s/ William J. Janetschek

		 	Name: William J. Janetschek
		 	Title: Vice President
	
	KKR PEI FOOD INVESTMENTS L.P.
		
	By:	 	 KKR PEI Food Investments GP LLC,
 its General
Partner

		
	By:	 	 /s/ William J. Janetschek

		 	Name: William J. Janetschek
		 	Title: Chief Financial Officer
	
	KKR PARTNERS III, L.P.
		
	By:	 	KKR III GP LLC,
		 	its General Partner
		
	By:	 	 /s/ William J. Janetschek

		 	Name: William J. Janetschek
		 	Title: Authorized Person
	
	OPERF CO-INVESTMENT LLC
		
	By:	 	 KKR Associates 2006 L.P.,
 its
Manager

		
	By:	 	 KKR 2006 GP LLC,
 its General
Partner

		
	By:	 	 /s/ William J. Janetschek

		 	Name: William J. Janetschek
		 	Title: Vice President

 [Signature Page to US Foods Holding Corp. Amended and Restated Stockholders Agreement] 

 
			
	ASF WALTER CO-INVEST L.P.
		
	By:	 	ASF Walter Co-Invest GP Limited,
		 	its General Partner
		
	By:	 	 /s/ William J. Janetschek

		 	Name: William J. Janetschek
		 	Title: Director

 [Signature Page to US Foods Holding Corp. Amended and Restated Stockholders Agreement] 

 
			
	CLAYTON, DUBILIER & RICE FUND VII, L.P.
		
	By:	 	CD&R Associates VII, Ltd.,
		 	its General Partner
		
	By:	 	 /s/ Theresa A. Gore

		 	Name: Theresa A. Gore
		 	Title: Vice President, Treasurer & Assistant
		 	Secretary
	
	CLAYTON, DUBILIER & RICE FUND VII (CO-INVESTMENT), L.P.
		
	By:	 	CD&R Associates VII (Co-Investment), Ltd.,
		 	its General Partner
		
	By:	 	 /s/ Theresa A. Gore

		 	Name: Theresa A. Gore
		 	Title: Vice President, Treasurer & Assistant
		 	Secretary
	
	CD&R PARALLEL FUND VII, L.P.
		
	By:	 	CD&R Parallel Fund Associates VII, Ltd.,
		 	its General Partner
		
	By:	 	 /s/ Theresa A. Gore

		 	Name: Theresa A. Gore
		 	Title: Vice President, Treasurer & Assistant
		 	Secretary
	
	CDR USF CO-INVESTOR L.P.
		
	By:	 	CDR USF Co-Investor GP Limited,
		 	its General Partner
		
	By:	 	 /s/ Theresa A. Gore

		 	Name: Theresa A. Gore
		 	Title: Vice President, Treasurer & Assistant
		 	Secretary

 [Signature Page to US Foods Holding Corp. Amended and Restated Stockholders Agreement] 

 
			
	CDR USF CO-INVESTOR NO. 2, L.P.
		
	By:	 	CDR USF Co-Investor GP No. 2 Limited, its General Partner
		
	By:	 	 /s/ Theresa A. Gore

		 	Name: Theresa A. Gore
		 	Title: Vice President, Treasurer & Assistant
		 	Secretary

 [Signature Page to US Foods Holding Corp. Amended and Restated Stockholders Agreement] 

 Exhibit A 

Assignment and Assumption Agreement 

Pursuant to the Amended and Restated Stockholders Agreement, dated as of June 1, 2016 (the “Stockholders Agreement”), among
US Foods Holding Corp., a Delaware corporation (the “Company”), and each of the stockholders of the Company whose name appears on the signature pages listed therein (each, a “Stockholder” and collectively, the
“Stockholders”),                      (the “Transferor”) hereby assigns to the undersigned the rights that
may be assigned thereunder, and the undersigned hereby agrees that, having acquired Equity Securities as permitted by the terms of the Stockholders Agreement, the undersigned shall assume the obligations of the Transferor under the Stockholders
Agreement. Capitalized terms used but not defined herein shall have the meanings assigned to them in the Stockholders Agreement. 
 Listed
below is information regarding the Equity Securities: 
  

	
	Number of Shares of
	 Common Stock

  
  

[Rest of page intentionally left blank] 

 IN WITNESS WHEREOF, the undersigned has executed this Assumption Agreement as of
                             ,
                    . 
  

	
	[NAME OF TRANSFEREE]
	
	  

	Name:
	Title:

 Acknowledged by: 
  

			
	 US FOODS HOLDING CORP.

		
	 By:
	 	  

		 	 Name:

		 	 Title:

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