Document:

EXHIBIT
4.1

 

SECOND
AMENDED WARRANT AGENCY AGREEMENT

 

This
Agreement is made and entered into as of this 21st day of December, 2018 by and between Medovex Corporation, a Nevada
corporation with its principal offices at 2380 Old Milton Parkway, Alpharetta, Georgia 30009 (the “MDVX” or the “Company”)
and Issuer Direct Corporation, with offices at 1981 Murray Holiday Road, Suite 102, Salt Lake City, Utah 84117 (“Warrant
Agent”). The Warrant Agent and the Company are collectively referred to as the “Parties”.

 

WHEREAS,
the Company and the Warrant Agent entered into a Warrant Agency Agreement dated December 24, 2014 (the “Original Warrant
Agreement’);

 

WHEREAS,
the Company and the Warrant Agent entered into an Amended Warrant Agency Agreement dated February 4, 2016 (the “First Amended
Warrant Agency Agreement”);

 

WHEREAS,
the Company has determined that it is in the best interests of the Company to extend the Exercise Period of the Warrant from December
24, 2018 to December 24, 2019.

 

WHEREAS,
Section 9.8 of the Original Warrant Agreement, as amended, provides that amendments may be made to the terms of the Original Warrant
Agreement without consent of the holders provided that such changes do not adversely affect the interests of the registered holders
and that the changes may accordingly be made by the Company and the Warrant Agent.

 

WHEREAS,
the changes set forth herein do not adversely affect the interests of the Registered holders of the Warrants.

 

All
capitalized terms used herein and not defined herein shall have the same meaning as these in the Original Warrant Agreement, as
amended. Unless otherwise specifically modified herein, the provisions of the Original Warrant Agreement, as amended, shall remain
in full force and effect.

 

NOW,
THEREFORE, in consideration of the mutual terms and covenants contained herein, and for other good and valuable consideration,
the receipt of which is hereby acknowledged, the parties agree as follows:

 

1.
Modification of Exercise Period. (a) The Parties hereby agree that Section 3.2 of the Original Warrant Agreement, as amended,
is hereby modified to change the Expiration Date from December 24, 2018 to December 24, 2019 (the “New Expiration Date”).

 

2.
Parties in Interest. This Agreement is made solely for the benefit of the Warrant Holders and the Company, and their respective
controlling persons, directors and officers, and their respective successors, assigns, executors and administrators. No other
person shall acquire or have any right under or by virtue of this Agreement.

 

3.
Headings. The section headings in this Agreement have been inserted as a matter of convenience of reference and are not
a part of this Agreement.

 

4.
Counterparts. This Agreement may be executed in any number of counterparts, each of which together shall constitute
one and the same instrument.

 

[Signature
Page Follows]

 

    	 

     

    

 

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

 

	MEDOVEX CORPORATION	 	ISSUER DIRECT CORPORATION
	 	 	 	 	 
	By:	/s/
    William Horne	 	By:	/s/
    Kurt D. Hughes
	Name:	William
    Horne	 	Name:	Kurt D. Hughes
	Title:	Chief
    Executive Officer	 	Title:	Presidentex1012017amendedrestated

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       December 20, 2018        Federal Signal Corporation  2015 Executive Incentive Compensation Plan  Amended and Restated Performance Share Unit Award Agreement           You have been selected to receive this Performance Share Units (“PSUs”) award (“Award”) pursuant to the  Federal Signal Corporation 2015 Executive Incentive Compensation Plan (the “Plan”), as specified below:               Participant:  Robert Fines      Date of Grant:  July 25, 2017       Date of Amendment:  December 20, 2018      Number of PSUs Subject to this Award Agreement:  40,961      Amended Performance Period: January 1, 2018 through December 31, 2020             Amended Vesting Period:  June 2, 2017 through December 31, 2020               This Award is subject to the terms and conditions prescribed in the Plan and in the Amended and  Restated Federal Signal Corporation Performance Share Unit Award Agreement No. 2017 attached hereto  and incorporated herein. This Amended and Restated PSU Award Agreement supersedes the original award  agreement  dated  July  25,  2017  in  its  entirety. Together,  this amended  and  restated Award  and  attached  amended and restated award agreement shall be referred to throughout each as the “Award Agreement.”                   Calculations  of  performance  versus  target,  threshold  and  maximum  values  set  forth  in Appendix  A are  made by the Committee in accordance with the terms of the Plan and are final and binding.                   IN WITNESS WHEREOF, the parties have caused this Award Agreement to be executed on December 20,  2018.    ROBERT FINES                                        FEDERAL SIGNAL CORPORATION    /s/ Robert Fines                                    By: /s/ Jennifer L Sherman   Signature                                                 Chief Executive Officer      Participant agrees to execute this Amended and Restated PSU Award Agreement and return one copy to Rose  Lane at Federal Signal Corporation, 1415 W. 22nd Street, Suite 1100, Oak Brook, IL 60523 within 45 days of the  above date or forfeit the performance share unit award.                                                        PSU US  7/2017                                                                                             

 

                           This document constitutes part of the prospectus covering                  securities that have been registered under the Securities Act of 1933, as amended.                                     FEDERAL SIGNAL CORPORATION                                       PERFORMANCE SHARE UNIT                         AMENDED AND RESTATED AWARD AGREEMENT NO. 2017         This Award  Agreement, which  includes  the  attached  cover  page  and Appendix  A, effective  as  of  the  Date  of  Amendment, represents the grant of PSUs by the Company to Participant, pursuant to the provisions of the Plan.         The  Company  established  the  Plan  pursuant  to  which,  among  other  things,  options,  stock appreciation  rights,  restricted stock and stock units, stock bonus awards, dividend equivalents and/or performance compensation awards may be  granted to eligible persons.         The  Plan  and  this  Award  Agreement  provide  a  complete  description  of  the  terms  and  conditions  governing  the  PSUs. If there is any inconsistency between the terms of this Award Agreement and the terms of the Plan, the Plan’s terms  shall completely supersede and replace the conflicting terms of this Award Agreement. All capitalized terms shall have the  meanings ascribed to them in the Plan, unless specifically set forth otherwise herein.         The Board of Directors and the Committee have determined that the interests of the Company will be advanced by  encouraging and enabling certain of its employees to own shares of Stock, and that Participant is one of those employees.         NOW, THEREFORE, in consideration of services rendered and the mutual covenants herein contained, the parties  agree as follows:  Section 1.  Certain Definitions         As used in this Award Agreement, the following terms shall have the following meanings:         A.      “Affiliate” means with respect to any Person, any other Person (other than an individual) that controls, is  controlled by, or is under common control with such Person. The term “control,” as used in this Award Agreement, means  the power to direct or cause the direction of the  management and policies of  such Person, directly or  indirectly, whether  through  the  ownership  of  voting  securities,  by  contract  or  otherwise.  “Controlled”  and  “controlling”  have  meanings  correlative to the foregoing.         B.      “Award” means the award provided for in Section 2.         C.      “Board of Directors” means the board of directors of the Company.         D.      “Code” means the Internal Revenue Code of 1986, as amended.          E.      “Committee”  means  the  Compensation  and  Benefits  Committee  of  the  Board  of  Directors or  a                 subcommittee or other committee appointed to administer the Plan in accordance with the Plan.         F.      “Company” means Federal Signal Corporation, a Delaware corporation.         G.      “Date of Amendment” means December 20, 2018.          H.      “Date of Grant” means July 25, 2017.           I.      “Disability”  shall have  the  meaning  ascribed  to  that  term  in  the  Company’s  long-term  disability  plan                 applicable to Participant, or if no such plan exists, at the discretion of the Committee and as determined by                 the Committee.         J.      “Fair Market Value” shall have the meaning set forth in the Plan.          K.      “Participant” means the individual shown as the recipient of an award of PSUs, as set forth on this Award                 Agreement.         L.      “Performance Period” means the three-year calendar period from January 1, 2018 through December 31,                 2020.          M.      “Performance  Share  Units”  or  “PSUs”  means  the  obligation  of  the  Company  to  transfer  the  number  of                 shares of Stock to Participant determined under Section 2, Section 4A (in the case of death or termination                 of employment by Disability), Section 4B (in the case of Change-in-Control), or Section 5 (in the case of    PSU US  7/2017                                       Page 1 of 6                                           

 

               Divestiture of a Business Segment) of this Award Agreement, as applicable, at the time provided in Section                 6 of this Award Agreement, to the extent that the rights to such shares are vested at such time.          N.      “Person” means a “person” as such term is used for purposes of 13(d) or 14(d), or any successor section                 thereto, of the Securities Exchange Act of 1934, as amended, and any successor thereto.         O.      “Stock” means the common stock of the Company.         P.      “TBEI” means Truck Bodies & Equipment International, Inc. and each subsidiary and Affiliate thereof.           Q.      “Vesting Period” means the period from June 2, 2017 through December 31, 2020.  Section 2.  Award         Subject to the terms of this Award Agreement, the Company awarded to Participant the number of PSUs set forth on  this Award Agreement, effective as of the Date of Grant set forth on such instrument.          This Award entitles Participant to receive a whole number of shares of Stock as set forth on this Award Agreement  equal to a percentage, from zero percent (0%) to two hundred percent (200%), based on TBEI’s performance against the  performance goals set forth, and as calculated in, Appendix A.          The number of shares of Stock determined based on TBEI’s performance against the performance goals set forth in  Appendix A (or, if applicable, the formula set forth in Section 4A (in the case of death or termination of employment by  Disability), the formula set forth in Section 4B (in the case of a Change-in-Control), or the formula set forth in Section 4C (in  the case of Participant’s employment termination for reasons other than for Cause), or Section 5 (in the case of Divestiture of  a Business Segment)), shall be distributable as provided in Section 6 of this Award Agreement, but only to the extent the  rights to such shares are vested under either Section 4 or Section 5 of this Award Agreement.          This grant of PSUs shall not confer any right to Participant (or any other participant) to be granted PSUs or other  awards in the future under the Plan.         The provisions of this Section 2 and Appendix A (Adjustments of Performance Criteria) of this Award Agreement  and the applicable provisions of the Plan regarding Section 162(m) of the Code (including but not limited to Sections 4, 12  and 15(a) of the Plan) concerning  actions with respect to awards designed to meet the standard of   “performance-based”  compensation under Section 162(m) of the Code shall apply only to the extent that Section 162(m) of the Code provides a  “performance-based” compensation exception to the deduction limitations applicable thereunder. Notwithstanding anything  to the contrary in this Award Agreement, the number of shares of Stock that may be earned under this Award Agreement  cannot exceed the maximum number of shares of Stock provided for under the Plan.  Section 3.  Bookkeeping Account         The  Company  shall  record the  number  of  PSUs  subject to this  Award  Agreement to  a  bookkeeping  account  for  Participant (the “Performance Share Unit Account”), subject to adjustment based on performance as set forth in Section 2  above. Participant’s Performance Share Unit Account shall be reduced by the number of PSUs, if any, forfeited in accordance  with  Section 4  and  by  the  number  of  PSUs  with  respect  to  which  shares  of  Stock  were  transferred  to  Participant  in  accordance with Section 6.  Section 4.  Vesting         Subject to the accelerated vesting provisions provided below, the number of PSUs determined under Section 2 above  shall vest on the last day of the Vesting Period, if Participant remains employed by the Company or its Affiliate through such  date.         For the avoidance of doubt, if the Company fails to achieve a performance goal at the threshold level, Participant  shall be entitled to receive no shares of Stock subject to such performance goal, unless the deemed performance provisions in  this Section specifically modify such result.          If, during the Performance and Vesting Periods, while employed by the Company or its Affiliates:         A.      Participant dies or his or her employment terminates by reason of Disability, the number of vested PSUs  subject to the Award shall be equal to the product of: (1) the number of full and partial months of Participant’s employment  during the Vesting Period divided by forty-three (43) and (2) the greater of (a) one hundred percent (100%) of the PSUs  subject to this Award Agreement, regardless of actual performance or (b) the number of PSUs that Participant would have    PSU US  7/2017                                       Page 2 of 6                                           

 

been  payable  to  Participant  at  the  end  of  Performance  Period  based  on  actual TBEI performance  during  the  entire  Performance Period.         B.      A Change-in-Control occurs, the number of vested PSUs subject to this Award shall be the greater of (1)  one  hundred  percent  (100%) of  the  PSUs  subject  to  this  Award  Agreement,  regardless  of  actual  performance  or  (2)  the  number  of  PSUs  that  would  have  been  payable  to  Participant  for  the  Performance  Period  based  on  the  Company’s  best  estimate of projected TBEI performance through the end of the Performance Period, determined at the date of the Change-in- Control.  In  the  event  of  a  Change-in-Control  following  an  event  that  would  otherwise  enable  vesting  at  the  end  of  the  Performance and Vesting Periods under Section 4A, the provisions of this Section 4B shall control. For the avoidance of  doubt, vesting under this Section 4B is not calculated on a pro-rata basis.          C.      Participant is terminated without Cause, the number of vested PSUs subject to the Award shall be equal to  the product of: (1) the number of full and partial months of Participant’s employment during the Vesting Period divided by  forty-three (43)  and  (2)  the  number  of  PSUs  that  Participant  would  have  been  payable  to  Participant  at  the  end  of  Performance Period based on actual TBEI performance during the entire Performance Period. In the event of Participant’s  death  or  a  Change-in-Control  following  an  event that  would  otherwise  enable  vesting  at the  end  of  the  Performance  and  Vesting Periods under this Section 4C, the provisions of this Section 4C shall control. For purposes of this Section 4(C), the  term “Cause” means the termination of Participant’s employment with the Company and its Affiliates as a result of:  (1) the  commission  by  Participant  of  a  felony  or  a  fraud;  (2)  conduct  by  Participant  that  brings  the  Company and/or  any  of  its  Affiliates into substantial public disgrace or disrepute; (3) gross negligence or gross misconduct by Participant with respect to  the  Company and/or  any  of  its  Affiliates;  (4)  repudiation  by  Participant  of  this  Award  Agreement  or  Participant’s  abandonment of employment with the Company and its Affiliates; (5) Participant’s insubordination or failure to follow the  directions of the Board of Directors of the Company or the individual to whom Participant reports, which is not cured within  three  business  days  after  written  notice thereof  to  Participant;  (6)  Participant’s  violation  of  any  non-competition,  non- solicitation,  or  confidentiality  agreement  or  obligation  with  respect  to  the  Company and/or  any  of  its  Affiliates;  (7)  Participant’s breach of a material employment policy of the Company and/or any of its Affiliates, which is not cured within  three  business  days  after  written  notice  thereof  to  Participant;  or  (8)  any  other  material  breach  by  Participant  of  any  agreement with the Company and/or any of its Affiliates which is not cured within thirty days after written notice thereof to  Participant.           D.      Except as provided in Section 5 below, and in certain limited instances where the Committee may exercise  its  discretion  in  determining  the  vesting  implications  of  PSUs,  if  Participant’s  employment  with  the  Company  and  its  Affiliates terminates for any other reason before the end of the Performance and Vesting Periods, all PSUs that are not vested  at  the  time  of  such  termination  of  employment  (after  first  taking  into  account  the  accelerated  vesting  provisions  of  this  Section 4) shall be forfeited.   Section 5.  Acceleration of Vesting of Shares in the Event of Divestiture of Business Segment         If the “Business Segment” (as that term is defined in this Section) in which Participant is primarily employed as of  the “Divestiture Date” (as that term is defined in this Section) is the subject of a “Divestiture of a Business Segment” (as that  term is defined in this Section) during the Performance and Vesting Periods, and such divestiture results in the termination of  Participant’s employment with the Company and its Affiliates for any reason during the Performance Period, the number of  vested PSUs subject to the Award shall be equal to the product of: (1) the number of full and partial months of Participant’s  employment during the Performance Period  before the Divestiture Date, divided  by forty-three (43) and (2) one  hundred  percent (100%) of the PSUs subject to this Award Agreement, regardless of actual performance.          For  purposes  of  this  Award Agreement,  the  term  “Business  Segment”  shall  mean  a  business  line  which  the  Company treats as a separate operating segment under the segment reporting rules under U.S. generally accepted accounting  principles, which currently includes the following: Safety and Security Systems Group and Environmental Solutions Group.  Likewise, the term “Divestiture Date” shall mean the date that a transaction constituting a Divestiture of a Business Segment  is finally consummated.         For purposes of this Award Agreement, the term “Divestiture of a Business Segment” means the following:         A.      When used with a reference to the sale of stock or other securities of a Business Segment that is or becomes  a separate corporation, limited liability company, partnership or other separate business entity, the sale, exchange, transfer,  distribution or other disposition of the ownership, either  beneficially or of record or both, by the  Company or one of  its  Affiliates to “Nonaffiliated Persons” (as that term is defined in this Section) of one hundred percent (100%) of either (i) the  then-outstanding  common  stock  (or  the  equivalent  equity  interests)  of  the  Business  Segment  or  (ii)  the  combined  voting    PSU US  7/2017                                       Page 3 of 6                                           

 

power of the then-outstanding voting securities of the Business Segment entitled to vote generally in the election of the board  of directors or the equivalent governing body of the Business Segment;         B.      When  used  with  reference  to  the  merger  or  consolidation  of  a  Business  Segment  that  is  or  becomes  a  separate corporation, limited liability company, partnership or other separate business entity, any such transaction that results  in Nonaffiliated Persons owning, either beneficially or of record or both, one hundred percent (100%) of either (i) the then- outstanding common stock (or the equivalent equity interests) of the Business Segment or (ii) the combined voting power of  the  then-outstanding  voting  securities  of  the  Business  Segment  entitled  to  vote  generally  in  the  election  of  the  board  of  directors or the equivalent governing body of the Business Segment; or         C.      When used with reference to the sale of the assets of the Business Segment, the sale, exchange, transfer,  liquidation, distribution or other disposition of all or substantially  all of the assets of the  Business Segment necessary or  required to operate the Business Segment in the manner that the Business Segment had been operated prior to the Divestiture  Date.         For purposes of this Award Agreement, the term “Nonaffiliated Persons” shall mean any persons or business entities  which do not control, or which are not controlled by or under common control with, the Company.  Section 6.  Distribution of Shares         A.      Except as specifically provided to the contrary in Section 6B, the number of shares of Stock payable with  respect to PSUs, as determined under Section 2 above, that become vested under this Award shall become distributable as of  the end of the Vesting Period and shall be paid not later than March 15, 2021 provided however, that if it is impracticable to  pay  such  shares  of  Stock  by such  date (e.g.,  due  to  the  unavailability  of  audited  financial  statements  or  a  Form  S-8  registration statement for the shares), then the Committee may delay payment until it becomes administratively practicable to  do so later that same year.         B.      The number of shares of Stock payable with respect to PSUs, as determined under Section 2 above, that  vest prior to the end of the Vesting Period under either Section 4B or Section 5 of this  Award  Agreement shall  become  distributable on an accelerated basis as follows:                 (1)    If a Change-in-Control occurs at any time before the end of the Vesting Period, then the number of  earned shares of Stock with respect to PSUs that become vested under Section 4B of this Award Agreement shall become  distributable on the date of the Change-in-Control.                 (2)    If a Divestiture of a Business Segment occurs at any time before the end of the Vesting Period,  and  such  divestiture  results  in  the  termination  of  Participant’s  employment  with  the  Company  and  its  Affiliates  for  any  reason, then the number of earned shares of Stock with respect to PSUs that become vested under this Award Agreement  shall become distributable on the Divestiture Date, but only if that payment on that date is permissible under Section 409A of  the Code.  Section 7.  Stockholder Rights         Participant shall not have any of the rights of a stockholder of the Company with respect to PSUs until shares of  Stock are issued to Participant. No dividend equivalent rights are provided under this Award Agreement.  Section 8.  Beneficiary Designation         Participant may designate a beneficiary or beneficiaries (contingently or successively) to receive any benefits that  may be payable under this Award Agreement in the event of Participant’s death and, from time to time, may change his or  her  designated  beneficiary  (a  “Beneficiary”).  A  Beneficiary  may  be  a  trust.  A  Beneficiary  designation  shall  be  made  in  writing in a form prescribed by the Company and delivered to the Company while Participant is alive.  Each such designation  shall  revoke  all  prior  designations  by  Participant  with  respect  to  Participant’s award under  this  Award  Agreement. If  Participant fails to so designate a beneficiary, or if no such designated beneficiary survives Participant, the beneficiary shall  be deemed to be Participant’s spouse or, if Participant is unmarried at the time of death, Participant’s beneficiary shall be his  or her estate. In lieu of payment to Participant, a Beneficiary shall be paid shares of Stock under Section 6 at the same time  and in the same form as Participant would have been paid but for Participant’s death.  Section 9.  Restrictions on Transfer         PSUs awarded hereunder shall not be transferable by Participant. Except as may be required by the federal income  tax  withholding  provisions  of  the  Code  or  by  the  tax  laws  of  any  State,  the  interests  of  Participant  and  his  or  her  Beneficiary(ies)  under  this  Award  Agreement  are  not  subject  to  the  claims  of  their  respective  creditors  and  may  not  be   PSU US  7/2017                                       Page 4 of 6                                           

 

voluntarily or involuntarily sold, assigned, transferred, alienated, pledged, attached, encumbered or charged. Any attempt by  Participant or a Beneficiary to sell, assign, transfer, alienate, pledge, attach, encumber, charge or otherwise dispose of any  right to benefits payable hereunder shall be void.  Section 10.  Adjustment in Certain Events         If  there  is  any  change  in  the  Stock  by  reason  of  stock  dividends  or  other  distribution (whether  in  the  form  of  securities or other property), recapitalization, stock split, reverse stock split, reorganization, merger, consolidation, split-up,  split-off, combination,  repurchase  or  exchange  of  Stock  or  other  securities  of  the  Company,  or  other  similar  corporate  transaction or event, or changes in applicable rules, rulings, regulations or other requirements of any governmental body or  securities exchange, the Committee may, in its sole discretion, make such adjustments to the number of PSUs credited to  Participant’s  Performance  Share  Unit  Account  that  it  deems  necessary  or  appropriate  and  as  it  may  deem  equitable  in  Participant’s rights.  Section 11.  Tax Withholding           Participant agrees to make adequate provision for any sums required to satisfy applicable federal, state, local and  foreign  income  or  employment taxes,  which  are  Participant’s  sole  responsibility.  The  Company  shall  not  be  obligated to  transfer  any  shares  of  Stock  until  Participant  pays  to the  Company  or  any  of  its  Affiliates  in  cash,  or  any  other  form  of  property, including Stock, acceptable to the Company, the amount required to be withheld from the wages or other amounts  owing to Participant with respect to such shares. Further, the Company can withhold amounts for such taxes, in accordance  with any tax withholding policy that may be adopted by the Company and is in effect from time to time with respect to equity  awards  under  the  Plan  (including any  method  allowed  under  Section  16(c)(ii)  of  the  Plan)  irrespective  of  whether  the  amounts to be withheld exceed the lowest tax withholding amount that could be determined for the grantee under another tax  withholding method. Participant may elect, subject to procedural rules adopted by the Committee, to satisfy the applicable  withholding tax requirement, in whole or in part, by having the Company reduce the number of shares of Stock otherwise  transferable under this Award Agreement having an aggregate Fair Market Value on the date the tax is to be determined,  equal to such applicable withholding tax requirement. Notwithstanding any provision herein to the contrary, in no event shall  the  amount  of  such  tax  withholding  exceed  the  maximum  statutory  tax  rates (or  such  other  rate  as  would  not  trigger  a  negative accounting impact), as determined by the Company in its sole discretion.         Section 12.  Section 409A          This Award Agreement shall be construed consistent with the intention that it be exempt from Section 409A of the  Code (together with any Department of Treasury regulations and other  interpretive guidance  issued thereunder,  including  without  limitation  any  such  regulations  or  other  guidance  that  may  be  issued  after  the  date  hereof,  “Section  409A”).  However, notwithstanding any other provision of the Plan or this Award Agreement, if at any time the Committee determines  that this  Award  (or  any  portion  thereof)  may  be  subject  to  Section  409A,  the  Committee  shall  have  the  right  in  its  sole  discretion (without any obligation to do so or to indemnify Participant or any other person for failure to do so) to adopt such  amendments to the Plan or this Award Agreement, or adopt other policies and procedures (including amendments, policies  and procedures with retroactive effect), or take any other actions, as the Committee determines are necessary or appropriate  either for this Award to be exempt from the application of Section 409A or to comply with the requirements of Section 409A.  Section 13.  Source of Payment         Shares of Stock transferable to Participant, or Participant’s Beneficiary, under this Award Agreement may be either  Treasury shares, authorized  but unissued shares, or any combination of such stock. The Company shall  have no duties to  segregate  or  set  aside  any  assets  to  secure  Participant’s  right  to  receive  shares  of  Stock  under  this  Award  Agreement.  Participant shall not have any rights with respect to transfer of shares of Stock under this Award Agreement other than the  unsecured right to receive shares of Stock from the Company.  Section 14.  Continuation of Employment          This Award Agreement shall not confer upon Participant any right to continuation of employment by the Company  or its Affiliates, nor shall this Award Agreement interfere in any way with the Company’s or its Affiliates’ right to terminate  Participant’s employment at any time.  Section 16.  Entire Award; Amendment         This Award Agreement and the Plan constitute the entire agreement between the parties with respect to the terms  and supersede all prior written or oral negotiations, commitments, representations and agreements with respect thereto. The  terms and conditions set forth in this Award Agreement may only be modified or amended in writing, signed by both parties.   PSU US  7/2017                                       Page 5 of 6                                           

 

Section 17.  Severability         In the  event  any  one  or  more  of  the  provisions  of  this  Award  Agreement  shall  be  held  invalid,  illegal  or  unenforceable in any respect in any jurisdiction, such provision or provisions shall be automatically deemed amended, but  only to the extent necessary to render such provision or provisions valid, legal and enforceable in such jurisdiction, and the  validity, legality and enforceability of the remaining provisions of this Award Agreement shall not in any way be affected or  impaired thereby.  Section 18.  Miscellaneous         A.      This Award Agreement and the rights of Participant hereunder are subject to all the terms and conditions of  the Plan, as the same may be amended from time to time, as well as to such rules and regulations as the Committee may  adopt for administration of the Plan. The Committee shall have the right to impose such restrictions on any Stock acquired  pursuant  to this  Award  Agreement,  as  it  may  deem  advisable,  including,  without  limitation,  restrictions  under  applicable  federal securities laws, under applicable federal and state tax law, under the requirements of any stock exchange or market  upon which such Stock is then listed and/or traded, and under any blue sky or state securities laws applicable to such Stock.         It is expressly  understood that the Committee  is  authorized to administer, construe, and  make all  determinations  necessary or appropriate to the administration of the Plan and this Award Agreement, all of which shall  be binding upon  Participant.         B.      The Committee may terminate, amend, or modify the Plan; provided, however, that no such termination,  amendment,  or  modification  of  the  Plan  may  materially  and adversely  affect  Participant’s  rights  under  this  Award  Agreement, without the written consent of Participant.         C.      Participant agrees to take all steps necessary to comply with all applicable provisions of federal and state  securities and tax laws in exercising his or her rights under this Award Agreement.         D.      This Award Agreement shall be subject to all applicable laws, rules, and regulations, and to such approvals  by any governmental agencies or national securities exchanges as may be required.         E.      This Award (including any proceeds, gains or other economic benefit actually or constructively received by  Participant upon any receipt or exercise of any Award or upon the receipt or resale of any Stock underlying the Award) shall  be subject to the provisions of any clawback policy currently or subsequently implemented by the Company to the extent set  forth in such policy.          F.      All obligations of the Company under the Plan and this  Award  Agreement, with respect to these  PSUs,  shall be binding on any successor to the Company, whether the existence of such successor is the result of a direct or indirect  purchase, merger, consolidation, or otherwise, of all or substantially all of the business and/or assets of the Company.         G.      To the extent not preempted by federal law, this Award Agreement shall be governed by, and construed in  accordance with, the laws of the State of Delaware, without giving effect to principles of conflict of law.         H.      This  Award  Agreement  may  be executed  in one  or more counterparts, all of  which taken together shall  constitute one agreement and executed copies may be exchanged by .pdf to the other party by e-mail and accepted and treated  as originals for any and all purposes.        PSU US  7/2017                                       Page 6 of 6

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00290-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00290-of-00352.parquet"}]]