Document:

Directors' Deferred Compensation Plan (2009 Statement), as amended

 Exhibit 10.7 
 SUPERVALU INC. 
 DIRECTORS’ DEFERRED COMPENSATION PLAN

 (2009 Statement) 
 Adopted December 3, 2008 
 But Effective January 1, 2009 

Amended July 17, 2012 

 SUPERVALU INC. 
 DIRECTORS’ DEFERRED COMPENSATION PLAN 
 (2009 Statement)

 TABLE OF CONTENTS 
 Page 
  

									
	SECTION 1.	 	INTRODUCTION AND DEFINITIONS	  	1
				
		 	1.1.	  	New Plan Established	  	1
		 		  	1.1.1.	  	Antecedents	  	1
		 		  	1.1.2.	  	New Plan Created	  	1
		 	1.2.	  	Unfunded Obligation	  	2
		 	1.3.	  	Definitions	  	2
		 		  	1.3.1.	  	Accounts	  	2
		 		  		  	 (a)    Deferred Cash Account
	  	2
		 		  		  	 (b)    Deferred Stock Account
	  	2
		 		  	1.3.2.	  	Affiliate	  	3
		 		  	1.3.3.	  	Annual Fees	  	3
		 		  	1.3.4.	  	Beneficiary	  	3
		 		  	1.3.5.	  	Board of Directors	  	3
		 		  	1.3.6.	  	Change of Control	  	3
		 		  	1.3.7.	  	Code	  	5
		 		  	1.3.8.	  	Common Stock	  	5
		 		  	1.3.9.	  	Company	  	5
		 		  	1.3.10.	  	Corporate Governance and Nominating Committee	  	5
		 		  	1.3.11.	  	Deferred Stock Retainer	  	5
		 		  	1.3.12.	  	Enrollment Window	  	5
		 		  	1.3.13.	  	Fair Market Value	  	5
		 		  	1.3.14.	  	Interest Crediting Rate	  	5
		 		  	1.3.15.	  	Leadership Development and Compensation Committee	  	5
		 		  	1.3.16.	  	Participant	  	6
		 		  	1.3.17.	  	Plan	  	6
		 		  	1.3.18.	  	Plan Administrator	  	6
		 		  	1.3.19.	  	Plan Statement	  	6
		 		  	1.3.20.	  	Separation from Service	  	6
		 	1.4.	  	Prior Rules	  	6

  
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	SECTION 2.	 	 PARTICIPATION
	  	 	7	  
			
	SECTION 3.	 	ACCOUNTS	  	 	8	  
				
		 	3.1.	  	Class Year Elections	  	 	8	  
		 		  	3.1.1.	  	Class Year Deferral Elections	  	 	8	  
		 		  	3.1.2.	  	Class Year Payment Elections	  	 	8	  
		 		  	3.1.3.	  	General Conditions	  	 	8	  
		 	3.2.	  	Election Upon Initial Participation	  	 	9	  
		 	3.3.	  	Subsequent Changes in Payment Elections	  	 	9	  
			
	SECTION 4.	 	ACCOUNTS	  	 	10	  
				
		 	4.1.	  	Crediting to Accounts	  	 	10	  
		 		  	4.1.1.	  	Deferred Cash Account	  	 	10	  
		 		  	4.1.2.	  	Deferred Stock Accounts	  	 	10	  
		 	4.2.	  	Other Adjustments	  	 	11	  
		 		  	4.2.1.	  	Taxes	  	 	11	  
		 		  	4.2.2.	  	Payments	  	 	12	  
		 	4.3.	  	Multiple Sub-Accounts	  	 	12	  
		 	4.4.	  	Maximum Number of Shares	  	 	12	  
		 		  	4.4.1.	  	Limitation	  	 	12	  
		 		  	4.4.2.	  	Recapitalization	  	 	12	  
			
	SECTION 5.	 	VESTING	  	 	13	  
					
		 	5.1.	  	Vesting	  		  	 	13	  
		 	5.2.	  	Forfeiture for Early Termination	  	 	13	  
			
	SECTION 6.	 	DISTRIBUTIONS	  	 	14	  
				
		 	6.1.	  	Separation from Service Payments	  	 	14	  
		 		  	6.1.1.	  	Form of Payment	  	 	14	  
		 		  	6.1.2.	  	Time of Payment	  	 	14	  
		 		  	6.1.3.	  	Default	  	 	14	  
		 	6.2.	  	Payment Upon Death	  	 	15	  
		 		  	6.2.1.	  	Continued Installments	  	 	15	  
		 		  	6.2.2.	  	Lump Sum	  	 	15	  
		 		  	6.2.3.	  	Pending at Death	  	 	15	  
		 	6.3.	  	Installment Amounts	  	 	15	  
		 	6.4.	  	Generally Applicable Rules	  	 	15	  
		 		  	6.4.1.	  	Processing	  	 	15	  
		 		  	6.4.2.	  	Code §162(m) Delay	  	 	15	  
		 		  	6.4.3.	  	Six-Month Delay	  	 	16	  
		 		  	6.4.4.	  	No Spousal Rights	  	 	16	  

  
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		 		  	6.4.5.	  	Facility of Payment	  	16
		 		  	6.4.6.	  	Payments in Cash and in Common Stock	  	17
		 		  	6.4.7.	  	No Other Payment Events	  	17
		 	6.5.	  	Designation of Beneficiaries	  	17
		 		  	6.5.1.	  	Right to Designate	  	17
		 		  	6.5.2.	  	Failure of Designation	  	17
		 		  	6.5.3.	  	Disclaimers by Beneficiaries	  	18
		 		  	6.5.4.	  	Definitions	  	18
		 		  	6.5.5.	  	Special Rules	  	19
			
	SECTION 7.	 	FUNDING OF PLAN	  	21
				
		 	7.1.	  	Hedging Investments	  	21
		 	7.2.	  	Corporate Obligation	  	21
			
	SECTION 8.	 	AMENDMENT AND TERMINATION	  	22
				
		 	8.1.	  	Amendment and Termination	  	22
		 		  	8.1.1.	  	Before a Change of Control	  	22
		 		  	8.1.2.	  	After a Change of Control	  	22
		 	8.2.	  	No Oral Amendments	  	23
		 	8.3.	  	Plan Binding on Successors	  	23
			
	SECTION 9.	 	DETERMINATIONS — RULES AND REGULATIONS	  	24
				
		 	9.1.	  	Determinations	  	24
		 	9.2.	  	Rules and Regulations	  	24
		 	9.3.	  	Method of Executing Instruments	  	24
		 	9.4.	  	Claims Procedure	  	24
		 		  	9.4.1.	  	Initial Claim	  	24
		 		  	9.4.2.	  	Notice of Initial Adverse Determinations	  	25
		 		  	9.4.3.	  	Request for Review	  	25
		 		  	9.4.4.	  	Claim on Review	  	25
		 		  	9.4.5.	  	Notice of Adverse Determination for Claim on Review	  	26
		 	9.5.	  	Rules and Regulations	  	26
		 		  	9.5.1.	  	Adoption of Rules	  	26
		 		  	9.5.2.	  	Special Rules	  	26
		 		  	9.5.3.	  	Limitations and Exhaustion	  	28
			
	SECTION 10.	 	PLAN ADMINISTRATION	  	30
				
		 	10.1.	  	The Company	  	30
		 		  	10.1.1.	  	Officers	  	30
		 		  	10.1.2.	  	Chief Executive Officer	  	30
		 		  	10.1.3.	  	Board of Directors	  	30

  
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		 	10.2.	  	Conflict of Interest	  	30
			
	SECTION 11.	 	CONSTRUCTION	  	31
				
		 	11.1.	  	ERISA Status	  	31
		 	11.2.	  	IRC Status	  	31
		 	11.3.	  	Effect on Other Plans	  	31
		 	11.4.	  	Disqualification	  	31
		 	11.5.	  	Rules of Document Construction	  	32
		 	11.6.	  	References to Laws	  	32
		 	11.7.	  	Receipt of Documents	  	32
		 	11.8.	  	Effect on Director Status	  	33
		 	11.9.	  	Choice of Law	  	33
		 	11.10.	  	Delegation	  	33
		 	11.11.	  	Tax Withholding	  	33
		 	11.12.	  	Expenses	  	33
		 	11.13.	  	Service of Process	  	33
		 	11.14.	  	Spendthrift Provision	  	33
		 	11.15.	  	Certifications	  	34
		 	11.16.	  	Errors in Computations	  	34

  
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 SUPERVALU INC. 
 DIRECTORS’ DEFERRED COMPENSATION PLAN 
 (2009 Statement)

 SECTION 1 
 INTRODUCTION AND DEFINITIONS 
 1.1. New Plan Established. 

1.1.1. Antecedents. Effective June 27, 1996, the Company created the “SUPERVALU INC. DEFERRED COMPENSATION PLAN FOR
NON-EMPLOYEE DIRECTORS” (the “Deferred Cash Plan”) as a nonqualified, unfunded, elective deferred compensation plan for the purpose of allowing eligible non employee directors of the Company to defer the receipt of a portion of the
remuneration which would otherwise have been paid to them into unfunded, interest bearing, accounts for payment to them in cash after they ceased performing services as a director. The Company also heretofore created the “SUPERVALU INC.
NON-EMPLOYEE DIRECTORS DEFERRED STOCK PLAN” (the “Deferred Stock Plan”) as a nonqualified, unfunded, deferred compensation plan for the purposes of (i) allowing the Company to make conditional awards of notional Common Stock to
eligible non employee directors of the Company for payment to them in cash or in kind after they ceased to perform services as directors, and (ii) allowing eligible non employee directors of the Company to elect to defer the receipt of a
portion of the remuneration which would otherwise have been paid to them into notional Common Stock for payment to them in cash or in kind after they ceased performing services as a director. Each has been amended from time to time in various
respects. 
 1.1.2. New Plan Created. This Plan is not an amendment of the Deferred Cash Plan or the Deferred Stock Plan.
It is, rather, a new nonqualified, unfunded, deferred compensation plan created for the purpose of (i) allowing eligible non-employee directors of the Company to elect to defer the receipt of a portion of the remuneration which would otherwise
have been paid to them for their services as directors into unfunded, interest bearing, notional accounts for payment to them in cash after they cease performing services as a director, and (ii) allowing eligible non-employee directors of the
Company to elect to defer the receipt of a portion of the remuneration which would otherwise have been paid to them for their services as directors into unfunded, notional Common Stock for payment to them in Common Stock after they cease performing
services as a director, and (iii) allowing the Company to make conditional awards of unfunded, notional Common Stock to eligible non-employee directors of the Company as compensation for their services as directors for payment to them in Common
Stock after they cease performing services as directors. 
  

	 	(a)	Accrual Cessation. Incident to the adoption of this Plan, all further deferrals under the Deferred Cash Plan and the Deferred Stock Plan will be discontinued as
provided in amendments of those Plans. 

	 	(b)	Non Grandfathered Amounts. All amounts that were deferred under Deferred Cash Plan and the Deferred Stock Plan with respect to periods after December 31,
2004, that have not been previously paid shall be transferred from those Plans to this Plan to be held and paid in accordance with the terms of this Plan and in conformity with section 409A of the Code. 

 

	 	(c)	Grandfathered Amounts. It is the Company’s express intention that, after such transfer, all amounts deferred and still held under the Deferred Cash Plan and
the Deferred Stock Plan are “grandfathered” and, therefore, not subject to the requirements of section 409A of the Code. It is expressly intended that neither the Deferred Cash Plan nor the Deferred Stock Plan will hold any amounts
that are subject to section 409A of the Code. 

 1.2. Unfunded Obligation. The obligation of the Company to make
payments under this Plan constitutes only the unsecured (but legally enforceable) promise of the Company to make such payments. No Participant shall have any lien, prior claim or other security interest in any property of the Company. The Company
shall have no obligation to establish or maintain any fund, trust or account (other than a bookkeeping account or reserve) for the purpose of funding or paying the benefits promised under this Plan. If such a fund, trust or account is established,
the property therein shall remain the sole and exclusive property of the Company. The Company shall be obligated to pay the benefits of this Plan out of its general assets. 
 1.3. Definitions. When the following terms are used herein with initial capital letters, they shall have the following meanings: 

1.3.1. Accounts — the separate bookkeeping accounts representing the separate unfunded and unsecured general obligation of the
Company established with respect to each Participant and to which is credited the amounts specified in Section 4, which shall vest or be forfeited as provided in Section 5 and from which payments will be made pursuant to Section 6.
The following Accounts will be maintained under this Plan for Participants. 
  

	 	(a)	Deferred Cash Account — the Account maintained for each Participant (in U.S. dollars) to which are credited the deferrals, if any, made at the election of
each Participant pursuant to Section 3.1.1 or pursuant to comparable provisions of prior plan documents and designated for notional investment in interest bearing investments, together with increase thereon. 

 

	 	(b)	Deferred Stock Account — the Account maintained for each Participant (in shares or share equivalents) to which are credited 

  
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	 	(i)	the deferrals, if any, made at the election of each Participant pursuant to Section 3.1.1 or pursuant to comparable provisions of prior plan documents and
designated for notional investment in Common Stock, together with increase or decrease thereon, and 

  

	 	(ii)	the Deferred Stock Retainer awards made by the Company pursuant to Section 4.1.2(b) or pursuant to comparable provisions of prior plan documents and designated for
notional investment in Common Stock, together with increase or decrease thereon. 

 1.3.2. Affiliate —
a business entity which is affiliated in ownership with the Company that treated as a single employer under the rules of section 414(b) and (c) of the Code (applying an eighty percent common ownership standard). 

1.3.3. Annual Fees — the annual cash retainer, meeting fees and all other cash compensation and remuneration (by whatever name
called) payable to a Participant for his or her services as a member of the Board of Directors (excluding, however, stock option grants or amounts paid from this Plan or predecessors of this Plan). For the purposes of this Plan, Annual Fees shall be
attributed to the period in which they are earned (that is, the period in which the services are performed that result in the Annual Fees) and not to the period in which they are paid. 

1.3.4. Beneficiary — a person designated by a Participant (or automatically by operation of the Plan Statement) to receive all
or a part of the Participant’s Accounts in the event of the Participant’s death prior to full payment thereof. A person so designated is not a Beneficiary until the death of the Participant. 

1.3.5. Board of Directors — the board of directors of the Company. 

1.3.6. Change of Control — any of the following events: 

 

	 	(a)	the acquisition by any individual, entity or group (within the meaning of section 13(d)(3) or 14(d)(2) of the Securities Exchange Act of 1934, as amended (the
“Exchange Act”)) (a “Person”) of beneficial ownership (within the meaning of Rule 13d-3 promulgated under the Exchange Act) of 20% or more of either (i) the then outstanding shares of common stock of the Company (the
“Outstanding Company Common Stock”) or (ii) the combined voting power of the then outstanding voting securities of the Company entitled to vote generally in the election of directors (the “Outstanding Company Voting
Securities”); provided, however, that for purposes of this subsection (a), the following acquisition shall not constitute a Change of Control: (i) any acquisition directly from the Company, (ii) any acquisition by the Company,
(iii) any acquisition by any employee benefit plan (or related trust) sponsored or maintained by the Company or any corporation controlled by the Company or (iv) any acquisition by any corporation pursuant to a transaction which complies
with clauses (i), (ii) and (iii) of subsection (c) hereof, or 

  
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	 	(b)	individuals who, as of the date hereof, constitute the Board of Directors (the “Incumbent Board”) cease for any reason to constitute at least a majority of
the Board of Directors; provided, however, than any individual becoming a director subsequent to the date hereof whose election, or nomination for election by the Company’s shareholders, was approved by a vote of at least a majority of the
directors then constituting the Incumbent Board shall be considered as though such individual were a member of the Incumbent Board, but excluding, for this purpose, any such individual whose initial assumption of office occurs as a result of an
actual or threatened election contest with respect to the election or removal of directors or other actual or threatened solicitation of proxies or consents by or on behalf of a Person other than the Board of Directors; or 

 

	 	(c)	consummation of a reorganization, merger or consolidation or sale or other disposition of all or substantially all of the assets of the Company (a “Business
Combination”), in each case, unless, following such Business Combination, (i) all or substantially all of the individuals and entities who were the beneficial owners, respectively, of the Outstanding Company Common Stock and Outstanding
Company Voting Securities immediately prior to such Business Combination beneficially own, directly or indirectly, more than 60% of, respectively, the then outstanding shares of common stock and the combined voting power of the then outstanding
voting securities entitled to vote generally in the election of directors, as the case may be, of the corporation resulting from such Business Combination (including, without limitation, a corporation which as a result of such transaction owns the
Company or all or substantially all of the Company’s assets either directly or through one or more subsidiaries) in substantially the same proportions as their ownership, immediately prior to such Business Combination of the Outstanding Company
Common Stock and Outstanding Company Voting Securities, as the case may be, (ii) no Person (excluding any employee benefit plan (or related trust) of the Company or such corporation resulting from such Business Combination) beneficially owns,
directly or indirectly, 20% or more of, respectively, the then outstanding shares of common stock of the corporation resulting from such Business Combination or the combined voting power of the then outstanding voting securities of such corporation
except to the extent that such ownership existed prior to the Business Combination and (iii) at least a majority of the members of the board of directors of the corporation resulting from such Business Combination were members of the Incumbent
Board at the time of the execution of the initial agreement, or of the action of the Board of Directors, providing for such Business combination; or 

  
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	 	(d)	approval by the stockholders of the Company of a complete liquidation or dissolution of the Company. 

1.3.7. Code — the Internal Revenue Code of 1986, as amended (including, when the context requires, all regulations,
interpretations and rulings issued thereunder). 
 1.3.8. Common Stock — the Company’s common stock, par value
$1.00 per share. 
 1.3.9. Company — SUPERVALU INC., a Delaware corporation, or any successor thereto. 

1.3.10. Corporate Governance and Nominating Committee — the Corporate Governance and Nominating Committee of the Board of
Directors including any successor to such Corporate Governance and Nominating Committee by whatever name known. 
 1.3.11.
Deferred Stock Retainer — the annual award of compensatory shares granted to members of the Board of Directors and automatically deferred into this Plan (or comparable prior plans) as provided in Section 4.1.2(b). 

1.3.12. Enrollment Window — a period designated from time to time by the Plan Administrator during which class year deferral
elections and class year payment elections can be received with respect to services performed in the subsequent calendar year. 

1.3.13. Fair Market Value — the closing sale price per share of Common Stock as reported on the consolidated tape of the New
York Stock Exchange on the relevant date or, if the New York Stock Exchange is closed on such day, then the day closest to such date on which it was open. 
 1.3.14. Interest Crediting Rate — a rate, determined once for each calendar year, equal to the twelve-month rolling average of Moody’s Corporate Average Bond Index for the twelve-month
period ending in the month of October preceding the first day of the calendar year as determined by the Plan Administrator. Notwithstanding the foregoing, through December 31, 2008, the Interest Crediting Rate and the rules for crediting
interest on amounts deferred under the Deferred Cash Plan during the years 2005, 2006, 2007 and 2008 and transferred to this Plan pursuant to Section 1.1.2(b) shall be the rate in effect under the rules and procedures of the Deferred Cash Plan.

 1.3.15. Leadership Development and Compensation Committee – the Leadership Development and Compensation Committee
of the Board of Directors including any successor to such Leadership Development and Compensation Committee by whatever name known. 

  
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 1.3.16. Participant — a non-employee director who becomes a Participant in this
Plan in accordance with the provisions of Section 2, such that any non-employee director that was formerly an employee of the Company shall not be permitted to be a Participant. An individual who has become a Participant shall be considered to
continue as a Participant in this Plan until the earlier of (i) the date the Participant no longer has any Account (that is, the Participant has received a payment of all of the Participant’s Accounts and/or all Accounts have been
forfeited as hereinafter provided), or (ii) the date of the Participant’s death. 
 1.3.17. Plan — the
nonqualified, deferred compensation program maintained by Company established for the benefit of Participants eligible to participate therein, as set forth in the Plan Statement. (As used herein, “Plan” does not refer to the document
pursuant to which this Plan is maintained. That document is referred to herein as the “Plan Statement”). The Plan shall be referred to as the “SUPERVALU INC. DEFERRED COMPENSATION PLAN FOR DIRECTORS.” 

1.3.18. Plan Administrator — the Company or, when affirmatively designated by the Corporate Governance and Nominating
Committee, some other person or committee. 
 1.3.19. Plan Statement — this document entitled “SUPERVALU INC.
DEFERRED COMPENSATION PLAN FOR DIRECTORS (2009 Statement)” as adopted by the Board of Directors of the Company effective as of January 1, 2009, as the same may be amended from time to time thereafter. 

1.3.20. Separation from Service — a complete severance of a Participant’s relationship as a director of the Company and
all Affiliates, if any, and as an independent contractor of the Company and all Affiliates, if any, for any reason other than death. A Participant may have a Separation from Service upon resignation as a director even if the Participant then becomes
an employee. Separation from Service shall be construed to have a meaning consistent with the term “separation from service” as used and defined in section 409A of the Code. 
 1.4. Prior Rules. Generally, this Plan Statement governs all aspects of this Plan both as to amounts deferred after 2008 and amounts deferred after 2004 under the Deferred Cash Plan and transferred
to this Plan incident to the creation of this Plan. Although this Plan Statement governs amounts deferred after 2004, it is recognized that this Plan Statement is being adopted in late 2008 and effective as of January 1, 2009, and that much
relevant guidance under section 409A of the Code was not published until April 2007. It is therefore acknowledged and recognized that as a matter of practical necessity, many of the good faith and reasonable rules and practices that were
effectively in place after 2004 and before this Plan Statement is adopted are not precisely those reflected in this Plan Statement but were a good faith interpretations of 

  
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section 409A of the Code and the limited guidance published under section 409A of the Code. It is not the intent of the Company in adopting this Plan Statement that those rules and
practices be questioned or that the Plan Administrator be obligated to retroactively conform them to this Plan Statement absent some conclusion that doing so is required as a matter of compliance with section 409A of the Code or other law. The
rules in this Plan Statement are intended to be effective only as of January 1, 2009. 
 SECTION 2 

PARTICIPATION 
 An
individual shall become a Participant in this Plan on the first day on which the individual is a member of the Board of Directors and is not at the same time an employee of the Company or any Affiliate. However, if the individual has previously been
a participant in any other nonqualified deferred compensation plan sponsored by the Company or any Affiliate for the benefit of members of the Board of Directors, the individual shall become a Participant in this Plan on next succeeding
January 1 on which the individual is a member of the Board of Directors and is not at the same time an employee of the Company or any Affiliate. 

  
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 SECTION 3 
 PARTICIPANT ELECTIONS 
 3.1. Class Year Elections. Subject to the provisions for
subsequent changes in class year payment elections, a Participant shall make a class year deferral election or a class year payment election or both with respect to each calendar year as follows. 

3.1.1. Class Year Deferral Elections. Each person who is or may become a Participant for a calendar year may make a class year
deferral election during the Enrollment Window preceding that calendar year. 
  

	 	(a)	Amount. The Participant may elect to defer the receipt of all or a portion of the Participant’s Annual Fees attributable to services performed during that
calendar year. All amounts deferred shall be credited as provided in Section 4.1. 

  

	 	(b)	Notional Investment. The class year deferral election shall irrevocably designate the portion to be credited to the Deferred Cash Account and the portion to be
credited to the Deferred Stock Account. 

  

	 	(c)	Default. If for any reason (including reasons beyond the control of the Participant) a Participant does not clearly and timely make a class year deferral
election to defer Annual Fees, the Participant shall be deemed to have elected not to defer any portion of the Annual Fees. 

 3.1.2. Class Year Payment Elections. Each person who is or may become a Participant for a calendar year may make a class year payment election during the Enrollment Window for that calendar year to
be effective with respect to amounts attributable to that calendar year. Each class year payment election shall designate the time and a form for the payment on a basis that is consistent with Section 6.1. 

3.1.3. General Conditions. A class year deferral election and a class year payment election shall be effective only if actually
received by the Plan Administrator during the Enrollment Window and may be modified at any time and any number of times during the Enrollment Window. Except as expressly provided below, the last such class year deferral election and class year
payment election actually received during the Enrollment Window shall be irrevocable as of the end of the Enrollment Window. The class year deferral election and class year payment election shall contain such information as the Plan Administrator
may require. The class year deferral election and class year payment election, if any, shall be made in writing upon forms furnished by the Plan Administrator and shall conform to such other procedural and substantive rules consistent with the
foregoing as the Plan Administrator shall establish. Class year deferral elections and class year payment elections may be made electronically if and to the extent the Plan Administrator determines from time to time. 

  
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 3.2. Election Upon Initial Participation. Notwithstanding the foregoing, in accordance with rules
that are both consistent with the principles in Section 3.1 and the requirements of section 409A of the Code, the Plan Administrator may permit persons who are about to become Participants for the first time (and have never before been a
participant in this Plan or any similar plan for directors) to make a class year deferral election and class year payment election, or both, at times other than during an Enrollment Window. The Plan Administrator’s rules shall require at least
the following. 
  

	 	(a)	This initial election must be received before the date that an individual first becomes a Participant. 

 

	 	(b)	This initial election shall be effective for the remainder of the calendar year that includes the date the election is made. 

 

	 	(c)	The initial election shall be irrevocable as of the earlier of (i) the date it is accepted by the Plan Administrator, or (ii) the last day before the date the
individual becomes a Participant. 

 3.3. Subsequent Changes in Payment Elections. Notwithstanding the foregoing, after the
close of the Election Window for a calendar year, a Participant shall be permitted to change a class year payment election that was affirmatively made or made by default for that calendar year if such election change is made in the manner prescribed
by the Plan Administrator and if the following conditions are satisfied. 
  

	 	(a)	The change in class year payment election shall not take effect until the date that is twelve (12) months after the date on which the Plan Administrator receives
the change. 

  

	 	(b)	If the Participant changes the form of payment (e.g., from a lump sum to installments or from a series of installments to a longer or a shorter series of installments),
any payment that is made or commenced on account of a Separation from Service or at a specified date, shall be delayed until the date that is five (5) years after the date the payment would otherwise have been made or commenced.

  

	 	(c)	If the Participant changes a specified date of payment, the election change (i) must be received by the Plan Administrator at least twelve (12) months before
the date previously specified by the Participant, and (ii) the new specified date shall be at least five (5) years after the date previously specified. 

  
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 SECTION 4 
 ACCOUNTS 
 4.1. Crediting to Accounts. 

4.1.1. Deferred Cash Account. 
  

	 	(a)	Voluntary Deferrals. The Plan Administrator shall credit to the Deferred Cash Account of each Participant, the dollars, if any, of Annual Fees the Participant
elected to defer into the Deferred Cash Account pursuant to Section 3.1.1. Such amount shall be credited as nearly as practicable as of the time or times when the Annual Fees would have been paid to the Participant but for the election to
defer. 

  

	 	(b)	Interest Credit. In addition, the Deferred Cash Account shall be credited with interest in accordance with rules established by the Plan Administrator at the
Interest Crediting Rate for that calendar year. 

 4.1.2. Deferred Stock Accounts. 

 

	 	(a)	Voluntary Deferrals. The Plan Administrator shall credit to the Deferred Stock Account of each Participant who is a director of the Company, as a number of
shares, the number that is equal to 

  

	 	(i)	one hundred ten percent (110%), multiplied by 

  

	 	(ii)	the dollars, if any, of Annual Fees the Participant elected to defer into the Deferred Stock Account pursuant to Section 3.1.1, divided by

  

	 	(iii)	the Fair Market Value. 

 Such
number of shares shall be determined and shall be credited as of the time or times when the Annual Fees would have been paid to the Participant but for the election to defer. 

 

	 	(b)	Deferred Stock Retainer. Once each calendar year, as soon as administratively practicable following the Company’s annual meeting of stockholders and after
the end of any then-existing Blackout Period, the Plan Administrator shall credit a Deferred Stock Retainer to the Deferred Stock Account of each Participant who is then a director of the Company. The amount of the annual Deferred Stock Retainer
shall be such number of shares equal to 

  
 -10-

	 	(i)	Such dollar amount as the Board of Directors may from time to time fix for this purpose, divided by 

 

	 	(ii)	Fair Market Value. 

 In the event
that a new director is appointed to the Board of Directors other than at the annual meeting of stockholders, the Plan Administrator shall credit a Deferred Stock Retainer to the Deferred Stock Account of such new director Participant as of such date
determined by the Board of Directors which shall be as soon as administratively practicable after the effective date of the new director’s appointment and after the end of any then-existing Blackout Period. The amount of the Deferred Stock
Retainer to be credited to such new director shall be equal to the annual Deferred Stock Retainer described above, prorated to reflect the actual number of weeks of the fiscal year that the new director served on the Board of Directors. 

Additionally, the Plan Administrator may credit a supplemental Deferred Stock Retainer to the Deferred Stock Account of each Participant
who is then a director of the Company, as of such date and in such amount as shall be determined by the Board of Directors, provided that, the date of the Board of Director’s determination and the date the amount is to be credited shall not
occur during a Blackout Period. 
 For the purpose of this section, “Blackout Period” shall mean the period beginning
ten business days prior to the end of each fiscal quarter or fiscal year and ending one full trading day after the public announcement of earnings for such quarter or year. 

 

	 	(c)	Dividend Equivalents. In addition, as of the date that any dividends are paid on Common Stock, there shall be credited to the Deferred Stock Account, as a number
of shares, the number that is equal to (i) the number of shares held in that Deferred Stock Account on the dividend record date, multiplied by (ii) the dividend per share that is paid, divided by (iii) Fair Market Value.

 4.2. Other Adjustments. 
 4.2.1. Taxes. The amount to be credited to each Account and the value of each Account shall be reduced by the amount of federal, state and local income tax and the amount of other taxes that are
withheld or paid with respect to such credits and Account, if any. 

  
 -11-

 4.2.2. Payments. Each Participant’s Account shall be reduced (or the credits to
the Account shall be reduced) by any amount paid to or with respect to the Participant as of the date as of which the payment is made. 
 4.3.
Multiple Sub-Accounts. To the extent the Plan Administrator determines that it is necessary or useful to the administration of this Plan, the Plan Administrator may cause multiple Deferred Cash Accounts and Deferred Stock Accounts to be
established for each Participant. To the extent the Plan Administrator determines that it is necessary or useful to the administration of Accounts under this Plan, the Plan Administrator shall adopt such other rules and policies supplemental to and
consistent with the express terms of this Plan Statement as it believes appropriate. 
 4.4. Maximum Number of Shares. 

4.4.1. Limitation. Subject to adjustment as provided below, the maximum number of shares of Common Stock that may be credited under
this Plan (including those credited under the “Supervalu Inc. Non-Employee Directors Deferred Stock Plan” before it was merged with and into this Plan), is two million eight hundred thousand (2,800,000) shares. 

4.4.2. Recapitalization. If the Company shall at any time increase or decrease the number of its outstanding shares of Common Stock
or change in any way the rights and privileges of such shares by means of the payment of a stock dividend or any other payment upon such shares payable in Common Stock, or through a stock split, subdivision, consolidation, combination,
reclassification, or recapitalization involving the Common Stock, then the numbers, rights, and privileges of the shares credited under the Plan shall be increased, decreased, or changed in like manner as if such shares had been issued and
outstanding, fully paid, and nonassessable at the time of such occurrence. 

  
 -12-

 SECTION 5 
 VESTING 
 5.1. Vesting. Except as elsewhere specifically provided, the Deferred Cash
Account and the Deferred Stock Account of each Participant shall be fully (100%) vested and nonforfeitable at all times. 
 5.2.
Forfeiture for Early Termination. If, after receiving a Deferred Stock Retainer pursuant to Section 4.1.2(b), a Participant shall cease to serve on the Board of Directors prior to the Company’s next annual meeting of stockholders
for any reason other than death or permanent disability, then such Participant shall forfeit (i) the prorated portion of the Deferred Stock Retainer credited to such Participant at any time after the prior annual meeting of stockholders
pursuant to Section 4.1.2(b) that is calculated based on the number of full calendar months that such Participant did not serve on the Board of Directors after such shares were awarded, and (ii) any dividends credited on that number of
shares specified in (i) above. For purposes of computing the Deferred Stock Retainer credits which shall be forfeited pursuant to this section, the monthly period shall start on the first day of the month following the Participant’s
departure from the Board of Directors. 

  
 -13-

 SECTION 6 
 PAYMENTS 
 6.1. Separation from Service Payments. Upon the occurrence of a
Separation from Service effective as to a Participant, the Plan Administrator shall cause the Company to make or commence payment such Participant’s Deferred Cash Account and Deferred Stock Account (reduced by the amount of any applicable
payroll, withholding and other taxes, if any) at the time and in the form designated by the Participant in a class year payment election or subsequent payment election as the case may be. The Plan Administrator may require that the Participant
complete various forms and furnish documentation to the Plan Administrator. 
 6.1.1. Form of Payment. In each class year
payment election, a Participant may designate that payment of all amounts attributable to the calendar year for which it is made shall be paid to the Participant, if then living, in one of the following forms. 

 

	 	(a)	Lump Sum. Payment may be made in a single lump sum. 

  

	 	(b)	Installments. Payment may be made in fifteen (15) or fewer annual installments. 

6.1.2. Time of Payment. In each class year payment election, a Participant may designate that payment shall be made (i.e., lump
sum) or commenced (i.e., installments) to the Participant, if then living, under one of the following rules. 
  

	 	(a)	Specified Date. If the Participant’s class year payment election designates that payment is to be made or commenced on a specified date, payment shall be
made or commenced during the month of January specified by the Participant in the class year payment election. 

  

	 	(b)	Separation from Service. If the Participant’s class year payment election designates that payment is to be made on account of Separation from Service,
payment shall be made or commenced during the month of January in the calendar year following the calendar year in which the Participant’s Separation from Service occurs. 

6.1.3. Default. If for any reason (including reasons beyond the control of the Participant) the class year payment election is not
clearly and timely made to the contrary, it shall be deemed to have been an election that payment be made in a single lump sum during the month of January in the calendar year following the calendar year in which the Participant’s Separation
from Service occurs. 

  
 -14-

 6.2. Payment Upon Death. If any payment is due under this Plan after the death of the
Participant, it shall be paid to the Participant’s Beneficiary (and not to the Participant’s estate or any other person) as follows. 
 6.2.1. Continued Installments. If payment had commenced to the deceased Participant before his or her death in annual installments as specified above (i.e., the Participant had received at least
one installment payment), payment to the Beneficiary shall be made in a series of annual installments payable over the remainder of the period. 
 6.2.2. Lump Sum. In all other circumstances payment shall be made to the Beneficiary in a single lump sum payment during the month of January in the calendar year following the calendar year in
which the Participant dies. 
 6.2.3. Pending at Death. 

 

	 	(a)	Participant’s Death. If, at the death of the Participant, any payment to the Participant was due or otherwise pending but not actually paid, the amount of
such payment shall be included in the amount to be paid to the Beneficiary (and shall not be paid to the Participant’s estate). 

  

	 	(b)	Beneficiary’s Death. If a Beneficiary who is entitled to one or more payments dies before receiving all payments, the remaining payments shall be paid to
the Beneficiary’s estate as nearly as practicable at the same time as they would have been paid to the Beneficiary. 

 6.3.
Installment Amounts. The amount of each annual installment shall be determined by dividing the amount of the Account as of immediately preceding the date the installment is to be paid by the number of remaining installment payments to be made
(including the payment being determined). A series of installment payments shall at all times and for all purposes be treated as an entitlement to a single payment. 
 6.4. Generally Applicable Rules. The rules of this Section 6.4 shall be applicable to all payments from this Plan. 
 6.4.1. Processing. The Plan Administrator may require that the Participant and each Beneficiary complete various forms and furnish documentation to the Plan Administrator. A failure to timely
complete satisfy these requirements shall result in a forfeiture of payments that would have been due if the requirements had been satisfied in a timely manner. 
 6.4.2. Code §162(m) Delay. Notwithstanding the forgoing, payment will be delayed when the Company reasonably anticipates that the Company’s federal income tax deduction with respect to
such payment otherwise would be limited or eliminated by application of section 162(m) of the Code. The payment shall thereafter be made at the earliest date at which the Company reasonably anticipates that the deduction of the payment of the
amount will not be limited or eliminated by application of section 162(m) of the Code. 

  
 -15-

 6.4.3. Six-Month Delay. Notwithstanding the forgoing, no payment shall be made to any
Participant who is a specified employee on account of a Separation from Service until at least six (6) months following that Participant’s Separation from Service. On the first business day following the expiration of that six
(6) month period, all amounts, if any, that would have been paid during that six (6) months shall be paid to the Participant (adjusted for any interest accruing during that six-month delay) and thereafter all payments shall be made as if
there had been no such delay. 
  

	 	(a)	Specified Employee. This Section 6.4.3 shall only apply to a Participant who is who is a specified employee (as that term is defined in section 409A of
the Code) if the stock of any of the Company or an Affiliate is publicly traded on an established securities market or otherwise. 

  

	 	(b)	Identification Rules. Specified employees shall be identified (x) on a basis consistent with regulations issued under section 409A, and (y) as
required by regulations issued under section 409A, on a basis consistently applied to all plans, programs, contracts, etc. maintained by the Employer that are subject to section 409A. A Participant’s status as a specified employee
shall be determined once each December 31 based on the facts existing during the year ending on that date. If a Participant is determined to be a specified employee on that date, the Participant shall be treated as a specified employee for the
year beginning the following April 1 (and ending on the next succeeding March 31). The six month delay shall apply to that Participant if that Participant’s Separation from Service occurs during that April 1 to March 31
year. 

 6.4.4. No Spousal Rights. No spouse or surviving spouse of a Participant and no person designated
to be a Beneficiary shall have any rights or interest in the benefits credited under this Plan including, but not limited to, the right to be the sole Beneficiary or to consent to the designation of Beneficiaries (or the changing of designated
Beneficiaries) by the Participant. No spouse, former spouse, Beneficiary or other person shall have any right to participate in any Participant’s designation of a time and form of payment. 

6.4.5. Facility of Payment. In case of the legal disability, including minority, of an individual entitled to receive any payment
under this Plan, payment shall be made, if the Plan Administrator shall be advised of the existence of such condition: 
  

	 	(a)	to the duly appointed guardian, conservator or other legal representative of such individual, or 

  
 -16-

	 	(b)	to a person or institution entrusted with the care or maintenance of the incompetent or disabled Participant or Beneficiary, provided such person or institution has
satisfied the Plan Administrator that the payment will be used for the best interest and assist in the care of such individual, and provided further, that no prior claim for said payment has been made by a duly appointed guardian, conservator or
other legal representative of such individual. 

 Any payment made in accordance with the foregoing provisions of this Section
shall constitute a complete discharge of any liability or obligation of Plan and the Company therefore. 
 6.4.6. Payments in
Cash and in Common Stock. All transactions in the Deferred Cash Account shall be recorded in U.S. dollars and all payments shall be made in U.S. dollars. Transactions in the Deferred Stock Account shall be recorded in U.S. dollars (and U.S.
dollars in lieu of fractions shares) and all payments from the Deferred Stock Account shall be made in shares of Common Stock (and U.S. dollars in lieu of any fractional shares). 

6.4.7. No Other Payment Events. Payment shall not be made or accelerated upon a change of control, unforeseeable emergency or
disability. Payment shall not be made at a specified date or dates. 
 6.5. Designation of Beneficiaries. 

6.5.1. Right to Designate. Each Participant may designate, upon forms to be furnished by and filed with the Plan Administrator, one
or more primary Beneficiaries or alternative Beneficiaries to receive all or a specified part of such Participant’s Account in the event of such Participant’s death. The Participant may change or revoke any such designation from time to
time without notice to or consent from any spouse, Beneficiary or any other person. No such designation, change or revocation shall be effective unless executed by the Participant and received by the Plan Administrator during the Participant’s
lifetime. The Plan Administrator may establish rules for the use of electronic signatures. 
 6.5.2. Failure of
Designation. If a Participant: 
  

	 	(a)	fails to designate a Beneficiary, 

  

	 	(b)	designates a Beneficiary and thereafter revokes such designation without naming another Beneficiary, or 

 

	 	(c)	designates one or more Beneficiaries and all such Beneficiaries so designated fail to survive the Participant, 

  
 -17-

 such Participant’s Account, or the part thereof as to which such Participant’s designation fails,
as the case may be, shall be payable to the first class of the following classes of automatic Beneficiaries with a member surviving the Participant and (except in the case of surviving issue) in equal shares if there is more than one member in such
class surviving the Participant: 
 Participant’s surviving spouse 

Participant’s surviving issue per stirpes and not per capita 
 Participant’s surviving parents 
 Participant’s surviving brothers and
sisters 
 Representative of Participant’s estate. 
 6.5.3. Disclaimers by Beneficiaries. A Beneficiary entitled to a payment of all or a portion of a deceased Participant’s Account may disclaim an interest therein subject to the following
requirements. To be eligible to disclaim, a Beneficiary must be a natural person, must not have received a payment of all or any portion of the Account at the time such disclaimer is executed and delivered, and must have attained at least age
twenty-one (21) years as of the date of the Participant’s death. Any disclaimer must be in writing and must be executed personally by the Beneficiary before a notary public. A disclaimer shall state that the Beneficiary’s entire
interest in the undistributed Account is disclaimed or shall specify what portion thereof is disclaimed. To be effective, an original executed copy of the disclaimer must be both executed and actually delivered to the Plan Administrator after the
date of the Participant’s death but not later than nine (9) months after the date of the Participant’s death. A disclaimer shall be irrevocable when delivered to the Plan Administrator. A disclaimer shall be considered to be delivered
to the Plan Administrator only when actually received by the Plan Administrator. The Plan Administrator shall be the sole judge of the content, interpretation and validity of a purported disclaimer. Upon the filing of a valid disclaimer, the
Beneficiary shall be considered not to have survived the Participant as to the interest disclaimed. A disclaimer by a Beneficiary shall not be considered to be a transfer of an interest in violation of the provisions of Section 10.15 and
shall not be considered to be an assignment or alienation of benefits in violation of federal law prohibiting the assignment or alienation of benefits under this Plan. No other form of attempted disclaimer shall be recognized by the Plan
Administrator. 
 6.5.4. Definitions. When used herein and, unless the Participant has otherwise specified in the
Participant’s Beneficiary designation, when used in a Beneficiary designation, the following definitions and rules shall be applied. 
  

	 	(a)	“Issue” means all persons who are lineal descendants of the person whose issue are referred to, subject to the following: 

 

	 	(i)	a legally adopted child and the adopted child’s lineal descendants always shall be lineal descendants of each adoptive parent (and of each adoptive parent’s
lineal ancestors); 

  
 -18-

	 	(ii)	a legally adopted child and the adopted child’s lineal descendants never shall be lineal descendants of any former parent whose parental rights were terminated by
the adoption (or of that former parent’s lineal ancestors); except that if, after a child’s parent has died, the child is legally adopted by a stepparent who is the spouse of the child’s surviving parent, the child and the
child’s lineal descendants shall remain lineal descendants of the deceased parent (and the deceased parent’s lineal ancestors); 

  

	 	(iii)	if the person (or a lineal descendant of the person) whose issue are referred to is the parent of a child (or is treated as such under applicable law) but never
received the child into that parent’s home and never openly held out the child as that parent’s child (unless doing so was precluded solely by death), then neither the child nor the child’s lineal descendants shall be issue of the
person. 

  

	 	(b)	“Child” means an issue of the first generation; 

  

	 	(c)	“Per stirpes” means in equal shares among living children of the person whose issue are referred to and the issue (taken collectively) of each deceased
child of such person, with such issue taking by right of representation of such deceased child; and 

  

	 	(d)	“Survive” and “surviving” mean living after the death of the Participant. 

6.5.5. Special Rules. Unless the Participant has otherwise specified in the Participant’s Beneficiary designation, the
following rules shall apply: 
  

	 	(a)	If there is not sufficient evidence that a Beneficiary was living at the time of the death of the Participant, it shall be deemed that the Beneficiary was not living at
the time of the death of the Participant. 

  

	 	(b)	The automatic Beneficiaries specified in Section 6.5.2 and the Beneficiaries designated by the Participant shall become fixed at the time of the Participant’s
death so that, if a Beneficiary survives the Participant but dies before the receipt of all payments due such Beneficiary hereunder, such remaining payments shall be payable to the representative of such Beneficiary’s estate.

  

	 	(c)	If the Participant designates as a Beneficiary the person who is the Participant’s spouse on the date of the designation, either by name or by relationship, or
both, the dissolution, annulment or other legal termination of the marriage between the Participant and such person shall automatically revoke such designation. The foregoing shall not prevent the Participant from designating a former spouse as a
Beneficiary on a form that is both executed by the Participant and received by the Plan Administrator (i) after the date of the legal termination of the marriage between the Participant and such former spouse and (ii) during the
Participant’s lifetime. 

  
 -19-

	 	(d)	Any designation of a nonspouse Beneficiary by name that is accompanied by a description of relationship to the Participant shall be given effect without regard to
whether the relationship to the Participant exists either then or at the Participant’s death. 

  

	 	(e)	Any designation of a Beneficiary only by statement of relationship to the Participant shall be effective only to designate the person or persons standing in such
relationship to the Participant at the Participant’s death. 

  

	 	(f)	A Beneficiary designation is permanently void if it either is executed or is filed by a Participant who, at the time of such execution or filing, is then a minor under
the law of the state of the Participant’s legal residence. 

  

	 	(g)	The Plan Administrator shall be the sole judge of the content, interpretation and validity of a purported Beneficiary designation. 

  
 -20-

 SECTION 7 
 FUNDING OF PLAN 
 7.1. Hedging Investments. If the Company elects to finance all or
a portion of the Company’s costs in connection with this Plan through the purchase of life insurance or other investments, the Participant agrees, as a condition of participation in this Plan, to cooperate with the Plan Administrator in the
purchase of such investment to any extent reasonably required by the Plan Administrator and relinquishes any claim the Participant or a Beneficiary might have to the proceeds of any such investment or any other rights or interests in such
investment. If a Participant fails or refuses to cooperate, then notwithstanding any other provision of this Plan the Plan Administrator shall immediately and irrevocably terminate and forfeit the Participant’s entitlement to benefits under
this Plan. 
 7.2. Corporate Obligation. Neither the Company, nor the Corporate Governance and Nominating Committee, the Plan
Administrator nor any of their directors, officers, agents or directors in any way secure or guarantee the payment of any benefit or amount which may become due and payable hereunder to or with respect to any Participant. Each person entitled or
claiming to be entitled at any time to any benefit hereunder shall look solely to the assets of the Company for such payments as an unsecured general creditor. If, or to the extent that, Accounts have been paid to or with respect to a present or
former Participant and that payment purports to be the payment of a benefit hereunder, such former Participant or other person or persons, as the case may be, shall have no further right or interest in the other assets of the Company in connection
with this Plan. No person shall be under any liability or responsibility for failure to effect any of the objectives or purposes of this Plan by reason of the insolvency of the Company. 

  
 -21-

 SECTION 8 
 AMENDMENT AND TERMINATION 
 8.1. Amendment and Termination. 

8.1.1. Before a Change of Control. Prior to the occurrence of a Change of Control, the Corporate Governance and Nominating
Committee may unilaterally amend the Plan Statement prospectively, retroactively or both, at any time and for any reason deemed sufficient by it without notice to any person affected by this Plan and may likewise terminate this Plan both with regard
to persons then receiving benefits and persons expecting to receive benefits in the future; provided, however, that: 
  

	 	(a)	the benefit, if any, payable to or with respect to a Participant who has had a Separation from Service as of the effective date of such amendment or the effective date
of such termination shall not be, without the written consent of the Participant, diminished or delayed by such amendment or termination, and 

  

	 	(b)	the benefit, if any, payable to or with respect to each other Participant determined as if such Participant had a Separation from Service on the effective date of such
amendment or the effective date of such termination shall not be, without the written consent of the Participant, diminished or delayed by such amendment or termination. 

8.1.2. After a Change of Control. 
  

	 	(a)	Existing Participants. After the occurrence of a Change of Control, the Corporate Governance and Nominating Committee may only amend the Plan Statement or
terminate this Plan as applied to Participants who are Participants on the date of the Change of Control if: 

  

	 	(i)	all benefits payable to or with respect to persons who were Participants as of the Change of Control (including benefits earned before and benefits earned after the
Change of Control) have been paid in full, or 

  

	 	(ii)	eighty percent (80%) of all the Participants determined as of the date of the Change of Control give knowing and voluntary written consent to such amendment or
termination. 

  
 -22-

	 	(b)	New Participants. After the occurrence of a Change of Control, as applied to Participants who are not Participants on the date of the Change of Control, the
Corporate Governance and Nominating Committee may unilaterally amend the Plan Statement prospectively, retroactively or both, at any time and for any reason deemed sufficient by it without notice to any person affected by this Plan and may likewise
terminate this Plan. 

 8.2. No Oral Amendments. No modification of the terms of the Plan Statement or termination of this
Plan shall be effective unless it is in writing and signed on behalf of the Corporate Governance and Nominating Committee by a person authorized to execute such writing. No oral representation concerning the interpretation or effect of the Plan
Statement shall be effective to amend the Plan Statement. 
 8.3. Plan Binding on Successors. The Company will require any successor
(whether direct or indirect, by purchase, merger, consolidation or otherwise to all or substantially all of the business and/or assets of the Company), by agreement, to expressly assume and agree to perform this Plan in the same manner and to the
same extent that the Company would be required to perform it if no such succession had taken place. 

  
 -23-

 SECTION 9 
 DETERMINATIONS – RULES AND REGULATIONS 
 9.1. Determinations. The Plan
Administrator shall make such determinations as may be required from time to time in the administration of this Plan. The Plan Administrator shall have the discretionary authority and responsibility to interpret and construe the Plan Statement and
to determine all factual and legal questions under this Plan, including but not limited to the entitlement of Participants and Beneficiaries, and the amounts of their respective interests. Each interested party may act and rely upon all information
reported to them hereunder and need not inquire into the accuracy thereof, nor be charged with any notice to the contrary. 
 9.2. Rules and
Regulations. Any rule not in conflict or at variance with the provisions hereof may be adopted by the Plan Administrator. 
 9.3. Method
of Executing Instruments. Information to be supplied or written notices to be made or consents to be given by the Company, the Corporate Governance and Nominating Committee, the Plan Administrator or any other person pursuant to any provision of
the Plan Statement may be signed in the name of the Company, the Corporate Governance and Nominating Committee, the Plan Administrator or any other person by any officer or other person who has been authorized to make such certification or to give
such notices or consents. 
 9.4. Claims Procedure. Until modified by the Corporate Governance and Nominating Committee, the claim and
review procedures set forth in this Section shall be the mandatory claim and review procedures for the resolution of disputes and disposition of claims filed under the Plan. Any application for a payment or withdrawal shall be considered as a claim
for the purposes of this Section. 
 9.4.1. Initial Claim. An individual may, subject to any applicable deadline, file
with the Corporate Governance and Nominating Committee a written claim for benefits under the Plan in a form and manner prescribed by the Corporate Governance and Nominating Committee. 

 

	 	(a)	If the claim is denied in whole or in part, the Corporate Governance and Nominating Committee shall notify the claimant of the adverse benefit determination within
ninety (90) days after receipt of the claim. 

  

	 	(b)	The ninety (90) day period for making the claim determination may be extended for ninety (90) days if the Corporate Governance and Nominating Committee
determines that special circumstances require an extension of time for determination of the claim, provided that the Corporate Governance and Nominating Committee notifies the claimant, prior to the expiration of the initial ninety (90) day
period, of the special circumstances requiring an extension and the date by which a claim determination is expected to be made. 

  
 -24-

 9.4.2. Notice of Initial Adverse Determination. A notice of an adverse
determination shall set forth in a manner calculated to be understood by the claimant: 
  

	 	(a)	the specific reasons for the adverse determination; 

  

	 	(b)	references to the specific provisions of the Plan Statement (or other applicable Plan document) on which the adverse determination is based; 

 

	 	(c)	a description of any additional material or information necessary to perfect the claim and an explanation of why such material or information is necessary; and

  

	 	(d)	a description of the claim and review procedures, including the time limits applicable to such procedure. 

9.4.3. Request for Review. Within sixty (60) days after receipt of an initial adverse benefit determination notice, the
claimant may file with the Corporate Governance and Nominating Committee a written request for a review of the adverse determination and may, in connection therewith submit written comments, documents, records and other information relating to the
claim benefits. Any request for review of the initial adverse determination not filed within sixty (60) days after receipt of the initial adverse determination notice shall be untimely. 

9.4.4. Claim on Review. If the claim, upon review, is denied in whole or in part, the Corporate Governance and Nominating Committee
shall notify the claimant of the adverse benefit determination within sixty (60) days after receipt of such a request for review. 
  

	 	(a)	The sixty (60) day period for deciding the claim on review may be extended for sixty (60) days if the Corporate Governance and Nominating Committee determines
that special circumstances require an extension of time for determination of the claim, provided that the Corporate Governance and Nominating Committee notifies the claimant, prior to the expiration of the initial sixty (60) day period, of the
special circumstances requiring an extension and the date by which a claim determination is expected to be made. 

  

	 	(b)	In the event that the time period is extended due to a claimant’s failure to submit information necessary to decide a claim on review, the claimant shall have
sixty (60) days within which to provide the necessary information and the period for making the claim determination on review shall be tolled from the date on which the notification of the extension is sent to the claimant until the date on
which the claimant responds to the request for additional information or, if earlier, the expiration of sixty (60) days. 

  
 -25-

	 	(c)	The Corporate Governance and Nominating Committee’s review of a denied claim shall take into account all comments, documents, records, and other information
submitted by the claimant relating to the claim, without regard to whether such information was submitted or considered in the initial benefit determination. 

 9.4.5. Notice of Adverse Determination for Claim on Review. A notice of an adverse determination for a claim on review shall set forth in a manner calculated to be understood by the
claimant: 
  

	 	(a)	the specific reasons for the denial; 

  

	 	(b)	references to the specific provisions of the Plan Statement (or other applicable Plan document) on which the adverse determination is based; 

 

	 	(c)	a statement that the claimant is entitled to receive, upon request and free of charge, reasonable access to, and copies of, all documents, records, and other
information relevant to the claimant’s claim for benefits; and 

  

	 	(d)	a statement describing any voluntary appeal procedures offered by the Plan and the claimant’s right to obtain information about such procedures.

 9.5. Rules and Regulations. 
 9.5.1. Adoption of Rules. Any rule not in conflict or at variance with the provisions hereof may be adopted by the Corporate Governance and Nominating Committee. 

9.5.2. Specific Rules. 
  

	 	(a)	No inquiry or question shall be deemed to be a claim or a request for a review of a denied claim unless made in accordance with the established claim procedures. The
Corporate Governance and Nominating Committee may require that any claim for benefits and any request for a review of a denied claim be filed on forms to be furnished by the Corporate Governance and Nominating Committee upon request.

  

	 	(b)	 All decisions on claims and on requests for a review of denied claims shall be made by the Corporate Governance and Nominating Committee unless
delegated in which case references in this Section 9 to the Corporate Governance and Nominating Committee shall be treated as references to 

  
 -26-

	 	
the Corporate Governance and Nominating Committee’s delegate. Such delegation may be implied or inferred. If the Corporate Governance and Nominating Committee does delegate the decision, all
references to the Corporate Governance and Nominating Committee in Section 9 shall be treated as references to the Corporate Governance and Nominating Committee’s delegate. 

 

	 	(c)	Claimants may be represented by a lawyer or other representative at their own expense, but the Corporate Governance and Nominating Committee reserves the right to
require the claimant to furnish written authorization and establish reasonable procedures for determining whether an individual has been authorized to act on behalf of a claimant. A claimant’s representative shall be entitled to copies of all
notices given to the claimant. 

  

	 	(d)	The decision of the Corporate Governance and Nominating Committee on a claim and on a request for a review of a denied claim may be provided to the claimant in
electronic form instead of in writing at the discretion of the Corporate Governance and Nominating Committee. 

  

	 	(e)	In connection with the review of a denied claim, the claimant or the claimant’s representative shall be provided, upon request and free of charge, reasonable
access to, and copies of, all documents, records, and other information relevant to the claimant’s claim for benefits. 

  

	 	(f)	The time period within which a benefit determination will be made shall begin to run at the time a claim or request for review is filed in accordance with the claims
procedures, without regard to whether all the information necessary to make a benefit determination accompanies the filing. 

  

	 	(g)	The claims and review procedures shall be administered with appropriate safeguards so that benefit claim determinations are made in accordance with governing plan
documents and, where appropriate, the plan provisions have been applied consistently with respect to similarly situated claimants. 

  

	 	(h)	 For the purpose of this Section, a document, record, or other information shall be considered “relevant” if such document, record, or other
information: (i) was relied upon in making the benefit determination; (ii) was submitted, considered, or generated in the course of making the benefit determination, without regard to whether such document, record, or other
information was relied upon in making the benefit determination; (iii) demonstrates compliance with the administration processes and 

  
 -27-

	 	
safeguards designed to ensure that the benefit claim determination was made in accordance with governing plan documents and that, where appropriate, the Plan provisions have been applied
consistently with respect to similarly situated claimants; and (iv) constitutes a statement of policy or guidance with respect to the Plan concerning the denied treatment option or benefit for the claimant’s diagnosis, without regard to
whether such advice or statement was relied upon in making the benefit determination. 

  

	 	(i)	The Corporate Governance and Nominating Committee may, in its discretion, rely on any applicable statute of limitation or deadline as a basis for denial of any claim.

 9.5.3. Limitations and Exhaustion. 

 

	 	(a)	No claim shall be considered under these administrative procedures unless it is filed with the Corporate Governance and Nominating Committee within two (2) years
after the Participant knew (or reasonably should have known) of the general nature of the dispute giving rise to the claim. Every untimely claim shall be denied by the Corporate Governance and Nominating Committee without regard to the merits of the
claim. 

  

	 	(b)	No suit may be brought by or on behalf of any Participant or Beneficiary on any matter pertaining to this Plan unless the action is commenced in the proper forum before
the earlier of: 

  

	 	(i)	three (3) years after the Participant knew (or reasonably should have known) of the general nature of the dispute giving rise to the action, or

  

	 	(ii)	sixty (60) days after the Participant has exhausted these administrative procedures. 

 

	 	(c)	These administrative procedures are the exclusive means for resolving any dispute arising under this Plan insofar as the dispute pertains to any matter that arose more
than one hundred twenty (120) days before a Change of Control. As to such matters: 

  

	 	(i)	no Participant or Beneficiary shall be permitted to litigate any such matter unless a timely claim has been filed under these administrative procedures and these
administrative procedures have been exhausted; and 

  
 -28-

	 	(ii)	determinations by the Corporate Governance and Nominating Committee (including determinations as to whether the claim was timely filed) shall be afforded the maximum
deference permitted by law. 

  

	 	(d)	These administrative procedures are not exclusive insofar as they pertain to any matter that arose after the Change of Control or within the one hundred twenty
(120) days before the Change of Control. As to such matters: 

  

	 	(i)	a Participant shall not be required to exhaust these administrative remedies; 

 

	 	(ii)	if there is litigation regarding the benefits payable to or with respect to a Participant, notwithstanding Section 9.1, determinations by the Corporate Governance
and Nominating Committee (including determinations regarding when any matter arose) shall not be afforded any deference and the matter shall be heard de novo; and 

 

	 	(iii)	if a Participant successfully litigates, in whole or in part, any claim for benefits under this Plan, the court shall award reasonable attorney’s fees and costs of
the action to the Participant. 

  

	 	(e)	For the purpose of applying the deadlines to file a claim or a legal action, knowledge of all facts that a Participant knew or reasonably should have known shall be
imputed to every claimant who is or claims to be a Beneficiary of the Participant or otherwise claims to derive an entitlement by reference to the Participant for the purpose of applying the previously specified periods. 

 

	 	(f)	All litigation in any way related to the Plan (including but not limited to any and all claims) must be filed in a court of competent jurisdiction within the State of
Minnesota. 

  
 -29-

 SECTION 10 
 PLAN ADMINISTRATION 
 10.1. The Company. 

10.1.1. Officers. Except as hereinafter provided, functions generally assigned to the Company and functions generally assigned to
the Plan Administrator shall be discharged by its principal human resources officer of the Company unless delegated and allocated as provided herein. 
 10.1.2. Chief Executive Officer. Except as hereinafter provided, the Chief Executive Officer of the Company may delegate or redelegate and allocate and reallocate to one or more persons or to a
committee of persons jointly or severally, and whether or not such persons are directors, officers or directors, such functions assigned to the Company generally hereunder as the Chief Executive Officer may from time to time deem advisable.

 10.1.3. Board of Directors. Notwithstanding the foregoing, the Board of Directors shall have the exclusive authority,
which may not be delegated except to a committee comprised solely of members of the Board of Directors, to amend the Plan Statement and to terminate this Plan. 
 10.2. Conflict of Interest. If any individual to whom authority has been delegated or redelegated hereunder shall also be a Participant in this Plan, such Participant shall have no authority with
respect to any matter specially affecting such Participant’s individual interest hereunder or the interest of a person superior to him or her in the organization (as distinguished from the interests of all Participants and Beneficiaries or a
broad class of Participants and Beneficiaries), all such authority being reserved exclusively to other individuals as the case may be, to the exclusion of such Participant, and such Participant shall act only in such Participant’s individual
capacity in connection with any such matter. 

  
 -30-

 SECTION 11 
 CONSTRUCTION 
 11.1. ERISA Status. This Plan is adopted with the understanding that
it is an unfunded plan maintained exclusively for the purpose of providing deferred compensation for persons none of whom are employees. Because this Plan does not benefit any employee, this Plan is not subject to Employee Retirement Income Security
Act of 1974, as amended. Each provision shall be interpreted and administered accordingly. 
 11.2. IRC Status. This Plan is intended to
be a nonqualified deferred compensation arrangement. The rules of section 401(a) et. seq. of the Code shall not apply to this Plan. This Plan is intended to comply with the requirements of section 409A of the Code and this Plan
Statement shall be construed and administered accordingly. It is expressly intended that for purposes of section 409A of the Code this Plan be considered two account balance plans. The first consists of amounts deferred at the election of the
Participant (i.e., amounts attributable to the voluntary deferrals into the Deferred Cash Account and/or the Deferred Stock Account). The second consists of amounts deferred other than at the election of the Company (i.e., amounts attributable to
Deferred Stock Retainer awards into the Deferred Stock Account). Neither the Company nor any of its officers, directors, agents or affiliates shall be obligated, directly or indirectly, to any Participant or any other person for any taxes,
penalties, interest or like amounts that may be imposed on the Participant or other person on account of any amounts due or paid under this Plan or on account of any failure to comply with any of such Code sections. 

11.3. Effect on Other Plans. This Plan shall not alter, enlarge or diminish any person’s employment rights or obligations or rights or
obligations under any other qualified or nonqualified plan without regard to whether it is subject to section 409A of the Code. It is specifically contemplated that such other plans will, from time to time, be amended and terminated. Nothing in
this Plan Statement shall be interpreted or relied upon as a basis to amend, modify, accelerate or defer, or otherwise change any credits to or payments that may be due from any other deferred compensation plan subject to section 409A of the
Code. 
 11.4. Disqualification. Notwithstanding any other provision of the Plan Statement or any election or designation made under this
Plan, any individual who feloniously and intentionally kills a Participant or Beneficiary shall be deemed for all purposes of this Plan and all elections and designations made under this Plan to have died before such Participant or Beneficiary. A
final judgment of conviction of felonious and intentional killing is conclusive for this purpose. In the absence of a conviction of felonious and intentional killing, the Plan Administrator shall determine whether the killing was felonious and
intentional for this purpose. 

  
 -31-

 11.5. Rules of Document Construction. 

 

	 	(a)	Birthdays and Age. An individual shall be considered to have attained a given age on such individual’s birthday for that age (and not on the day before).
The anniversary of any event (e.g., a birthday) occurring on February 29 in a leap year shall be considered to have occurred on February 28 in each year that is not a leap year. 

 

	 	(b)	Plurals and Gender. Whenever appropriate, words used herein in the singular may be read in the plural, or words used herein in the plural may be read in the
singular; the masculine may include the feminine; and the words “hereof,” “herein” or “hereunder” or other similar compounds of the word “here” shall mean and refer to the entire Plan Statement and not to any
particular paragraph or Section of the Plan Statement unless the context clearly indicates to the contrary. 

  

	 	(c)	Titles. The titles given to the various Sections of the Plan Statement are inserted for convenience of reference only and are not part of the Plan Statement, and
they shall not be considered in determining the purpose, meaning or intent of any provision hereof. 

  

	 	(d)	Nonduplication. Notwithstanding any thing apparently to the contrary contained in the Plan Statement, the Plan Statement shall be construed and administered to
prevent the duplication of benefits provided under this Plan and any other qualified or nonqualified plan maintained in whole or in part by the Company. 

 11.6. References to Laws. Any reference in the Plan Statement to a statute or regulation shall be considered also to mean and refer to any subsequent amendment or replacement of that statute or
regulation unless, under the circumstances, it would be inappropriate to do so. The terms “spouse,” “nonspouse,” “married,” “surviving spouse,” and other similar terms shall be construed, interpreted and
applied on a basis consistent with the federal statute known as the Defense of Marriage Act. 
 11.7. Receipt of Documents. If a form or
document must be filed with or received by the Plan Administrator or other person (the “appropriate entity”), it must be actually received by the appropriate entity to be effective. The determination of whether or when a form or document
has been received by the appropriate entity shall be made by the Plan Administrator on the basis of what documents are acknowledged by the appropriate entity to be in its actual possession without regard to a “mailbox rule” or similar rule
of evidence. The absence of a document in the appropriate entity’s records and files shall be conclusive and binding proof that the document was not received by the appropriate entity. 

  
 -32-

 11.8. Effect on Director Status. Neither the terms of the Plan Statement nor the benefits under this
Plan nor the continuance thereof shall be a term of the engagement of any director. The Company shall not be obliged to continue this Plan. The terms of this Plan shall not give any director the right to be retained in the service of the Company.
This Plan is not and shall not be deemed to constitute a contract of employment between the Company and any director or other person, nor shall anything herein contained be deemed to give any director or other person any right to be retained in the
Company’s employ or in any way limit or restrict the Company’s right or power to discharge any director or other person at any time and to treat him without regard to the effect which such treatment might have upon him as a Participant in
this Plan. 
 11.9. Choice of Law. Except to the extent that federal law is controlling, this Plan Statement be construed and enforced in
accordance with the laws of the State of Minnesota (without regard to conflict of laws principles). 
 11.10. Delegation. No person shall
be liable for an act or omission of another person with regard to a responsibility that has been allocated to or delegated to such other person pursuant to the terms of the Plan Statement or pursuant to procedures set forth in the Plan Statement.
Whenever any authority, function or responsibility is delegated from one person to another, the discretion possessed by the person making the delegation shall be fully assigned to the person receiving the delegation unless a contrary intention is
clearly expressed in the delegation. 
 11.11. Tax Withholding. The Company (or any other person legally obligated to do so) shall
withhold the amount of any federal, state or local income tax, payroll tax or other tax required to be withheld under applicable law with respect to any amount payable under this Plan. All benefits otherwise due hereunder shall be reduced by the
amount to be withheld. 
 11.12. Expenses. All expenses of administering the benefits due under this Plan shall be borne by the Company.
The Accounts of Participants shall not be charged for those expenses. 
 11.13. Service of Process. In the absence of any designation to
the contrary by the Plan Administrator, the Secretary of the Plan Administrator is designated as the appropriate and exclusive agent for the receipt of service of process directed to this Plan in any legal proceeding, including arbitration,
involving this Plan. 
 11.14. Spendthrift Provision. No Participant or Beneficiary shall have any interest in any Account which can be
transferred nor shall any Participant or Beneficiary have any power to anticipate, alienate, dispose of, pledge or encumber the same while in the possession or control of the Company. The Plan Administrator shall not recognize any such effort to
convey any interest under this Plan. No benefit payable under this Plan shall be subject to attachment, garnishment, execution following judgment or other legal process before actual payment to such person. 

  
 -33-

 The power to designate Beneficiaries to receive the Account of a Participant in the event of such
Participant’s death shall not permit or be construed to permit such power or right to be exercised by the Participant so as thereby to anticipate, pledge, mortgage or encumber such Participant’s Account or any part thereof, and any attempt
of a Participant so to exercise said power in violation of this provision shall be of no force and effect and shall be disregarded by the Company. 
 This section shall not prevent the Plan Administrator from exercising, in its discretion, any of the applicable powers and options granted to it upon the occurrence of a Separation from Service, as such
powers may be conferred upon it by any applicable provision hereof. 
  

	 	11.15.	Certifications. Information to be supplied or written notices to be made or consents to be given by the Plan Administrator pursuant to any provision of this Plan
may be signed in the name of the Plan Administrator by any officer who has been authorized to make such certification or to give such notices or consents. 

  

	 	11.16.	Errors in Computations. Participants shall be obligated to furnish such information (including but not limited to current mailing addresses, social security
numbers, marital status, dates of birth and the like) as the Plan Administrator may from time to time require for the effective and efficient administration of this Plan. The Plan Administrator shall not be liable or responsible for any error in the
computation of any benefit payable to or with respect to any Participant resulting from any misstatement of fact made by the Participant or by or on behalf of any survivor to whom such benefit shall be payable, directly or indirectly, to the Plan
Administrator, and used by the Plan Administrator in determining the benefit. The Plan Administrator shall not be obligated or required to increase the benefit payable to or with respect to such Participant which, on discovery of the misstatement,
is found to be understated as a result of such misstatement of the Participant. However, the benefit of any Participant which is overstated by reason of any such misstatement or any other reason shall be reduced to the amount appropriate in view of
the truth and the Plan Administrator may recover any prior overpayment and pursue all other remedies that may be available. 

  
 -34-Amended and Restated 2004 Equity Incentive Award Plan.

 Exhibit 10.1 
 MEDIVATION, INC. 
 AMENDED AND RESTATED 

2004 EQUITY INCENTIVE AWARD PLAN 
 ARTICLE 1 
 PURPOSE 

1.1 General. The purpose of the Medivation, Inc. Amended and Restated 2004 Equity Incentive Award Plan (the
“Plan”) is to promote the success and enhance the value of Medivation, Inc. (the “Company”) by linking the personal interests of the members of the Board, employees, consultants, officers, and
executives of the Company and any Subsidiary, to those of Company stockholders and by providing such individuals with an incentive for outstanding performance to generate superior returns to Company stockholders. The Plan is further intended to
provide flexibility to the Company in its ability to motivate, attract, and retain the services of members of the Board, employees, consultants, officers, and executives of the Company and its Subsidiaries upon whose judgment, interest, and special
effort the successful conduct of the Company’s operation is largely dependent. The original effective date of the Plan was March 15, 2004. The Plan was first amended and restated effective May 30, 2007. This further amended and
restated Plan will be effective on the date it is approved by the Company’s stockholders (the “Amendment and Restatement Effective Date”). 
 ARTICLE 2 
 DEFINITIONS AND CONSTRUCTION 

2.1 Definitions. The following words and phrases shall have the following meanings: 

(a) “Award” means an Option, a Restricted Stock award, a Stock Appreciation Right award, a
Performance Share award, a Dividend Equivalents award, a Stock Payment award, a Restricted Stock Unit award, or a Performance-Based Award granted to a Participant pursuant to the Plan. 

(b) “Award Agreement” means any written or electronic agreement, contract, or other instrument or
document evidencing an Award. 
 (c) “Board” means the Board of Directors of the Company.

 (d) “Change of Control” means and includes each of the following: 

(i) the acquisition, directly or indirectly, by any “person” or “group” (as those terms are defined in
Sections 3(a)(9), 13(d) and 14(d) of the Exchange Act and the rules thereunder) of “beneficial ownership” (as determined pursuant to Rule 13d-3 under the Exchange Act) of securities entitled to vote generally in the election of
directors (“voting securities”) of the Company that represent 50% or more of the combined voting power of the Company’s then outstanding voting securities, other than: 

(A) an acquisition by a trustee or other fiduciary holding securities under any employee benefit plan (or related trust)
sponsored or maintained by the Company or any person controlled by the Company or by any employee benefit plan (or related trust) sponsored or maintained by the Company or any person controlled by the Company, or 

(B) an acquisition of voting securities by the Company or a corporation owned, directly or indirectly by the stockholders
of the Company in substantially the same proportions as their ownership of the stock of the Company; 

Notwithstanding the foregoing, the following event shall not constitute an “acquisition” by any person or group
for purposes of this subsection (e): an acquisition of the Company’s securities by the Company that causes the Company’s voting securities beneficially owned by a person or group to represent 50% or more of the combined voting power of the
Company’s then outstanding voting securities; provided, however, that if a person or group shall become the beneficial owner of 50% or more of the combined voting power of the Company’s then outstanding voting securities by reason
of share acquisitions by the Company as described above and shall, after such share acquisitions by the 

 
Company, become the beneficial owner of any additional voting securities of the Company, then such acquisition shall constitute a Change of Control; or 

(ii) during any period of two consecutive years, individuals who, at the beginning of such period, constitute the Board
together with any new director(s) (other than a director designated by a person who shall have entered into an agreement with the Company to effect a transaction described in clauses (i) or (iii) of this subsection (e)) whose election by
the Board or nomination for election by the Company’s stockholders was approved by a vote of at least two-thirds of the directors then still in office who either were directors at the beginning of the two year period or whose election or
nomination for election was previously so approved, cease for any reason to constitute a majority thereof; or 

(iii) the consummation by the Company (whether directly involving the Company or indirectly involving the Company through
one or more intermediaries) of (x) a merger, consolidation, reorganization, or business combination or (y) a sale or other disposition of all or substantially all of the Company’s assets or (z) the acquisition of assets or stock
of another entity, in each case other than a transaction: 
 (A) which results in the Company’s voting
securities outstanding immediately before the transaction continuing to represent (either by remaining outstanding or by being converted into voting securities of the Company or the person that, as a result of the transaction, controls, directly or
indirectly, the Company or owns, directly or indirectly, all or substantially all of the Company’s assets or otherwise succeeds to the business of the Company (the Company or such person, the “Successor Entity”))
directly or indirectly, at least a majority of the combined voting power of the Successor Entity’s outstanding voting securities immediately after the transaction, and 

(B) after which no person or group beneficially owns voting securities representing 50% or more of the combined voting
power of the Successor Entity; provided, however, that no person or group shall be treated for purposes of this clause (B) as beneficially owning 50% or more of combined voting power of the Successor Entity solely as a result of the
voting power held in the Company prior to the consummation of the transaction; or 
 (iv) the Company’s
stockholders approve a liquidation or dissolution of the Company. 
 Notwithstanding the foregoing, a transaction
shall not constitute a “Change of Control” if: (w) its sole purpose is to change the state of the Company’s incorporation; (x) its sole purpose is to create a holding company that will be owned in substantially
the same proportions by the persons who held the Company’s securities immediately before such transaction; (y) it constitutes the Company’s initial public offering of its securities; or (z) it is a transaction effected primarily
for the purpose of financing the Company with cash (as determined by the Committee in its discretion and without regard to whether such transaction is effectuated by a merger, equity financing or otherwise). 

The Committee shall have full and final authority, which shall be exercised in its discretion, to determine conclusively
whether a Change of Control of the Company has occurred pursuant to the above definition, and the date of the occurrence of such Change of Control and any incidental matters relating thereto. 

(e) “Code” means the Internal Revenue Code of 1986, as amended. 

(f) “Committee” means the committee of the Board described in Article 12. 

(g) “Covered Employee” means an Employee who is, or could be, a “covered employee”
within the meaning of Section 162(m) of the Code. 
 (h) “Director” means a director
of the Company or any Subsidiary. 
 (i) “Disability” means, for purposes of this Plan,
that the Participant qualifies to receive long-term disability payments under the Company’s long-term disability insurance program, as it may be amended from time to time. 

(j) “Dividend Equivalents” means a right granted to a Participant pursuant to Article 8 to receive
the equivalent value (in cash or Stock) of dividends paid on Stock. 

 (k) “Employee” means any officer or other employee
(as defined in accordance with Section 3401(c) of the Code) of the Company or any Subsidiary. A person shall not cease to be an Employee in the case of (i) any leave of absence approved by the Company or (ii) transfers between
locations of the Company or between the Company, any Subsidiary, or any successor. For purposes of Incentive Stock Options, no such leave may exceed ninety days, unless reemployment upon expiration of such leave is guaranteed by statute or contract.
Neither service as a director nor payment of a director’s fee by the Company shall be sufficient, by itself, to constitute “employment” by the Company. 

(l) “Exchange Act” means the Securities Exchange Act of 1934, as amended. 

(m) “Fair Market Value” shall mean, as of any date, the value of Stock determined as follows:

 (i) If the Stock is listed on any established stock exchange or a national market system, its Fair Market
Value shall be the closing sales price for such stock (or the closing bid, if no sales were reported) as quoted on such exchange or system on the date of determination, or if the Stock is not traded on such date, on the next preceding date as
reported in The Wall Street Journal or such other source as the Committee deems reliable; 
 (ii) If the
Stock is regularly quoted by a recognized securities dealer but selling prices are not reported, its Fair Market Value shall be the mean of the closing bid and asked prices for the Stock on the date of determination, or if the Stock is not traded on
such date, on the next preceding date, as reported in The Wall Street Journal or such other source as the Committee deems reliable; or 
 (iii) In the absence of an established market for the Stock, the Fair Market Value thereof shall be determined in good faith by the Committee. 

(n) “Full Value Award” means any Award other than an Option or other Award for which the
Participant pays the intrinsic value (whether directly or by forgoing a right to receive a payment from the Company). 
 (o) “Incentive Stock Option” means an Option that is intended to meet the requirements of Section 422 of the Code or any successor provision thereto. 

(p) “Non-Employee Director” means a Director who qualifies as a “Non-Employee Director”
as defined in Rule 16b-3(b) (3) of the Exchange Act, or any successor definition adopted by the Board. 

(q) “Non-Qualified Stock Option” means an Option that is not intended to be an Incentive Stock
Option. 
 (r) “Option” means a right granted to a Participant pursuant to Article 5 of
the Plan to purchase a specified number of shares of Stock at a specified price during specified time periods. An Option may be either an Incentive Stock Option or a Non-Qualified Stock Option. 

(s) “Participant” means a person who, as a Director, consultant to the Company or any Subsidiary
or Employee, has been granted an Award pursuant to the Plan. 
 (t) “Performance-Based
Award” means an Award granted to select Covered Employees pursuant to Articles 6 and 8, but which is subject to the terms and conditions set forth in Article 9. 

(u) “Performance Criteria” means the criteria that the Committee selects for purposes of
establishing the Performance Goal or Performance Goals for a Participant for a Performance Period. The Performance Criteria that will be used to establish Performance Goals are limited to the following: net earnings (either before or after interest,
taxes, depreciation and amortization), net losses, sales or revenue, operating earnings, operating cash flow, return on net assets, return on stockholders’ equity, return on assets, return on capital, stockholder returns, gross or net profit
margin, earnings per share, price per share of Stock, and market share, any of which may be measured either in absolute terms or as compared to any incremental increase or as compared to results of a peer group. The Committee shall, within the time
prescribed by Section 162(m) of the Code, define in an objective fashion the manner of calculating the Performance Criteria it selects to use for such Performance Period for such Participant. 

(v) “Performance Goals” means, for a Performance Period, the goals established in writing by the
Committee for the Performance Period based upon the Performance Criteria. Depending on the Performance Criteria used to establish such Performance Goals, the Performance Goals may be expressed in terms of overall Company performance or the
performance of a division, business unit, or an individual. The 

 
Committee, in its discretion, may, within the time prescribed by Section 162(m) of the Code, adjust or modify the calculation of Performance Goals for such Performance Period in order to
prevent the dilution or enlargement of the rights of Participants (i) in the event of, or in anticipation of, any unusual or extraordinary corporate item, transaction, event, or development, or (ii) in recognition of, or in anticipation
of, any other unusual or nonrecurring events affecting the Company, or the financial statements of the Company, or in response to, or in anticipation of, changes in applicable laws, regulations, accounting principles, or business conditions.

 (w) “Performance Period” means the one or more periods of time, which may be of
varying and overlapping durations, as the Committee may select, over which the attainment of one or more Performance Goals will be measured for the purpose of determining a Participant’s right to, and the payment of, a Performance-Based Award.

 (x) “Performance Share” means a right granted to a Participant pursuant to Article 8,
to receive cash, Stock, or other Awards, the payment of which is contingent upon achieving certain performance goals established by the Committee. 
 (y) “Plan” means this Medivation, Inc. Amended and Restated 2004 Equity Incentive Award Plan, as it may be amended from time to time. 

(z) “Qualified Performance-Based Compensation” means any compensation that is intended to qualify
as “qualified performance-based compensation” as described in Section 162(m) (4) (C) of the Code. 
 (aa) “Restricted Stock” means Stock awarded to a Participant pursuant to Article 6 that is subject to certain restrictions and to risk of forfeiture. 

(bb) “Restricted Stock Unit” means a right to receive a share of Stock during specified time
periods pursuant to Article 8. 
 (cc) “Stock” means the common stock of the Company and
such other securities of the Company that may be substituted for Stock pursuant to Article 11. 
 (dd)
“Stock Appreciation Right” or “SAR” means a right granted pursuant to Article 7 to receive a payment equal to the excess of the Fair Market Value of a specified number of shares of Stock on the date
the SAR is exercised over the Fair Market Value on the date the SAR was granted as set forth in the applicable Award Agreement. 
 (ee) “Stock Payment” means (a) a payment in the form of shares of Stock, or (b) an option or other right to purchase shares of Stock, as part of any bonus, deferred
compensation or other arrangement, made in lieu of all or any portion of the compensation, granted pursuant to Article 8. 
 (ff) “Subsidiary” means any corporation or other entity of which a majority of the outstanding voting stock or voting power is beneficially owned directly or indirectly by the
Company. 
 ARTICLE 3 
 SHARES SUBJECT TO THE PLAN 
 3.1 Number of Shares. 

(a) Subject to Article 11, the aggregate number of shares of Stock which may be issued or transferred pursuant to Awards
under the Plan shall be 9,300,000 shares. 
 (b) To the extent that an Award terminates, expires, or lapses for
any reason, any shares of Stock subject to the Award shall again be available for the grant of an Award pursuant to the Plan. Any shares of Stock tendered or withheld to satisfy the grant or exercise price or tax withholding obligation pursuant to
any Award shall be treated as issued under this Plan and shall be deducted from the aggregate number of shares which may be issued under Section 3.1(a). In addition, for purposes of determining the number of shares of Stock issuable or
transferred pursuant to Section 3.1(a), each share of Stock which is issued or transferred pursuant to a Full Value Award, shall be treated as if 1.4 shares of Stock had been so issued or transferred. To the extent permitted by applicable law
or any exchange rule, shares of Stock issued in assumption of, or in substitution for, any outstanding awards of any entity acquired in any form of combination by the Company or any Subsidiary shall not be counted against shares of Stock available
for grant pursuant to this Plan. The payment of Dividend Equivalents in cash in conjunction with any outstanding Awards shall not be counted against the shares available for issuance under the Plan. 

 (c) Notwithstanding the provisions of this Section 3.1, no shares of
Stock may again be optioned, granted or awarded if such action would cause an Incentive Stock Option to fail to qualify as an Incentive Stock Option under Code Section 422. 

3.2 Stock Distributed. Any Stock distributed pursuant to an Award may consist, in whole or in part, of authorized and unissued
Stock, treasury Stock or Stock purchased on the open market. 
 3.3 Limitation on Number of Shares Subject to Awards.
Notwithstanding any provision in the Plan to the contrary, and subject to Article 11, the maximum number of shares of Stock with respect to one or more Awards that may be granted to any one Participant during a calendar year shall be 1,000,000 and
the maximum amount that may be paid in cash during any calendar year with respect to any Performance-Based Award shall be $5,000,000. 
 ARTICLE 4 
 ELIGIBILITY AND PARTICIPATION 

4.1 Eligibility. 
 (a) General. Persons eligible to participate in this Plan include Employees, consultants to the Company or any Subsidiary and all members of the Board, as determined by the Committee. 

(b) Foreign Participants. In order to assure the viability of Awards granted to Participants employed in foreign
countries, the Committee may provide for such special terms as it may consider necessary or appropriate to accommodate differences in local law, tax policy, or custom. Moreover, the Committee may approve such supplements to, or amendments,
restatements, or alternative versions of, the Plan as it may consider necessary or appropriate for such purposes without thereby affecting the terms of the Plan as in effect for any other purpose; provided, however, that no such supplements,
amendments, restatements, or alternative versions shall increase the share limitations contained in Sections 3.1 and 3.3 of the Plan. 
 4.2 Actual Participation. Subject to the provisions of the Plan, the Committee may, from time to time, select from among all eligible individuals, those to whom Awards shall be granted and shall
determine the nature and amount of each Award. No individual shall have any right to be granted an Award pursuant to this Plan. 

ARTICLE 5 

STOCK OPTIONS 
 5.1 General. The Committee is authorized to grant Options to Participants on the following terms and conditions: 

(a) Exercise Price. The exercise price per share of Stock subject to an Option shall be determined by the Committee and
set forth in the Award Agreement; provided that the exercise price for any Option shall not be less than par value of a share of Stock on the date of grant. If the exercise price of an Option is less than Fair Market Value on the date of
grant, such Option shall be treated as a Full Value Award for purposes of the share counting provisions of Section 3.1(b). 
 (b) Time And Conditions Of Exercise. The Committee shall determine the time or times at which an Option may be exercised in whole or in part, provided that the term of any Option granted under the
Plan shall not exceed ten years, and provided further, that in the case of a Non-Qualified Stock Option, such Option shall be exercisable for one year after the date of the Participant’s death. The Committee shall also determine the
performance or other conditions, if any, that must be satisfied before all or part of an Option may be exercised. 
 (c) Payment. The Committee shall determine the methods by which the exercise price of an Option may be paid, the form of payment, including, without limitation, cash, promissory note bearing interest at
such rate as is a market rate of interest and which also precludes the imputation of interest under the Code, shares of Stock held for longer than six months having a Fair Market Value on the date of delivery equal to the aggregate exercise price of
the Option or exercised portion thereof, or other property acceptable to the Committee (including through the delivery of a notice that the Participant has placed a market sell order with a broker with respect to shares of Stock then issuable upon
exercise of the Option, and that the broker has been directed to pay a sufficient portion of the net proceeds of the sale to the Company in satisfaction of the Option exercise price, provided that payment of such proceeds is then made to the
Company upon settlement of such sale), and the methods by which shares of Stock shall be delivered or deemed to be delivered to Participants. 

 
Notwithstanding any other provision of the Plan to the contrary, no Participant who is a member of the Board or an “executive officer” of the Company within the meaning of
Section 13(k) of the Exchange Act shall be permitted to pay the exercise price of an Option in any method which would violate Section 13(k). 
 (d) Evidence Of Grant. All Options shall be evidenced by a written Award Agreement between the Company and the Participant. The Award Agreement shall include such additional provisions as may be specified
by the Committee. 
 5.2 Incentive Stock Options. Incentive Stock Options shall be granted only to Employees and the
terms of any Incentive Stock Options granted pursuant to the Plan must comply with the following additional provisions of this Section 5.2: 
 (a) Exercise Price. The exercise price per share of Stock shall be set by the Committee, provided that the exercise price for any Incentive Stock Option shall not be less than 100% of the Fair
Market Value on the date of grant. 
 (b) Expiration Of Option. An Incentive Stock Option may not be exercised to
any extent by anyone after the first to occur of the following events: 
 (1) Ten years from the date it is
granted, unless an earlier time is set in the Award Agreement. 
 (2) One year after the date of the
Participant’s termination of employment or service on account of Disability or death, unless in the case of death a shorter or longer period is designated in the Award Agreement. Upon the Participant’s Disability or death, any Incentive
Stock Options exercisable at the Participant’s Disability or death may be exercised by the Participant’s legal representative or representatives, by the person or persons entitled to do so pursuant to the Participant’s last will and
testament, or, if the Participant fails to make testamentary disposition of such Incentive Stock Option or dies intestate, by the person or persons entitled to receive the Incentive Stock Option pursuant to the applicable laws of descent and
distribution. 
 (c) Individual Dollar Limitation. The aggregate Fair Market Value (determined as of the time the
Option is granted) of all shares of Stock with respect to which Incentive Stock Options are first exercisable by a Participant in any calendar year may not exceed $100,000 or such other limitation as imposed by Section 422(d) of the Code, or
any successor provision. To the extent that Incentive Stock Options are first exercisable by a Participant in excess of such limitation, the excess shall be considered Non-Qualified Stock Options. 

(d) Ten Percent Owners. An Incentive Stock Option shall be granted to any individual who, at the date of grant, owns stock
possessing more than ten percent of the total combined voting power of all classes of Stock of the Company only if such Option is granted at a price that is not less than 110% of Fair Market Value on the date of grant and the Option is exercisable
for no more than five years from the date of grant. 
 (e) Transfer Restriction. The Participant shall give the
Company prompt notice of any disposition of shares of Stock acquired by exercise of an Incentive Stock Option within (1) two years from the date of grant of such Incentive Stock Option or (2) one year after the transfer of such shares of
Stock to the Participant. 
 (f) Expiration Of Incentive Stock Options. No Award of an Incentive Stock Option may
be made pursuant to this Plan after May 30, 2017. 
 (g) Right To Exercise. During a Participant’s
lifetime, an Incentive Stock Option may be exercised only by the Participant. 
 5.3 Early Exercisability. The Committee
may provide in the terms of a Participant’s Award Agreement that the Participant may, at any time before the Participant’s status as an Employee, member of the Board or consultant to the Company terminates, exercise the Option(s) granted
to such Participant in whole or in part prior to the full vesting of the Option(s); provided, however, shares of Stock acquired upon exercise of an Option which has not fully vested may be subject to any forfeiture, transfer or other
restrictions as the Committee may determine in its sole discretion. 

 ARTICLE 6 
 RESTRICTED STOCK AWARDS 
 6.1 Grant of Restricted Stock. The
Committee is authorized to make Awards of Restricted Stock to any Participant selected by the Committee in such amounts and subject to such terms and conditions as determined by the Committee. All Awards of Restricted Stock shall be evidenced by a
Restricted Stock Award Agreement. 
 6.2 Issuance and Restrictions. Subject to Section 10.6, Restricted Stock shall
be subject to such restrictions on transferability and other restrictions as the Committee may impose (including, without limitation, limitations on the right to vote Restricted Stock or the right to receive dividends on the Restricted Stock). These
restrictions may lapse separately or in combination at such times, pursuant to such circumstances, in such installments, or otherwise, subject to Section 10.6 as the Committee determines at the time of the grant of the Award or thereafter.

 6.3 Forfeiture. Except as otherwise determined by the Committee at the time of the grant of the Award or thereafter,
upon termination of employment or service during the applicable restriction period, Restricted Stock that is at that time subject to restrictions shall be forfeited; provided, however, that subject to Section 10.6, the Committee may
provide in any Restricted Stock Award Agreement that restrictions or forfeiture conditions relating to Restricted Stock will be waived in whole or in part in the event of terminations resulting from specified causes, and the Committee may in other
cases waive in whole or in part restrictions or forfeiture conditions relating to Restricted Stock. 
 6.4 Certificates For
Restricted Stock. Restricted Stock granted pursuant to the Plan may be evidenced in such manner as the Committee shall determine. If certificates representing shares of Restricted Stock are registered in the name of the Participant, certificates
must bear an appropriate legend referring to the terms, conditions, and restrictions applicable to such Restricted Stock, and the Company may, at its discretion, retain physical possession of the certificate until such time as all applicable
restrictions lapse. 
 ARTICLE 7 
 STOCK APPRECIATION RIGHTS 
 7.1 Grant of Stock Appreciation Rights.
A Stock Appreciation Right may be granted to any Participant selected by the Committee. A Stock Appreciation Right may be granted (a) in connection and simultaneously with the grant of an Option, (b) with respect to a previously granted
Option, or (c) independent of an Option. A Stock Appreciation Right shall be subject to such terms and conditions not inconsistent with the Plan as the Committee shall impose and shall be evidenced by an Award Agreement. 

7.2 Coupled Stock Appreciation Rights. 
 (a) A Coupled Stock Appreciation Right (“CSAR”) shall be related to a particular Option and shall be exercisable only when and to the extent the related Option is exercisable.

 (b) A CSAR may be granted to a Participant for no more than the number of shares subject to the simultaneously
or previously granted Option to which it is coupled. 
 (c) A CSAR shall entitle the Participant (or other person
entitled to exercise the Option pursuant to the Plan) to surrender to the Company unexercised a portion of the Option to which the CSAR relates (to the extent then exercisable pursuant to its terms) and to receive from the Company in exchange
therefor an amount determined by multiplying the difference obtained by subtracting the Option exercise price from the Fair Market Value of a share of Stock on the date of exercise of the CSAR by the number of shares of Stock with respect to which
the CSAR shall have been exercised, subject to any limitations the Committee may impose. 
 7.3 Independent Stock
Appreciation Rights. 
 (a) An Independent Stock Appreciation Right (“ISAR”) shall be
unrelated to any Option and shall have a term set by the Committee. An ISAR shall be exercisable in such installments as the Committee may determine. An ISAR shall cover such number of shares of Stock as the Committee may determine. The exercise
price per share of Stock subject to each ISAR shall be set by the Committee; provided, however, that, the Committee in its sole and absolute discretion may provide that the ISAR may be exercised subsequent to a termination of employment or
service, as applicable, or following a Change of Control of the Company, or because of the Participant’s retirement, death or disability, or otherwise. 

 (b) An ISAR shall entitle the Participant (or other person entitled to
exercise the ISAR pursuant to the Plan) to exercise all or a specified portion of the ISAR (to the extent then exercisable pursuant to its terms) and to receive from the Company an amount determined by multiplying the difference obtained by
subtracting the exercise price per share of the ISAR from the Fair Market Value of a share of Stock on the date of exercise of the ISAR by the number of shares of Stock with respect to which the ISAR shall have been exercised, subject to any
limitations the Committee may impose. 
 7.4 Payment and Limitations. 

(a) Payment of the amounts determined under Section 7.2(c) and 7.3(b) above shall be in cash, in Stock (based on its
Fair Market Value as of the date the Stock Appreciation Right is exercised) or a combination of both, as determined by the Committee. 
 (b) To the extent any payment under Section 7.2(c) or 7.3(b) is effected in Stock it shall be made subject to satisfaction of all provisions of Article 5 above pertaining to Options. 

(c) To the extent that the exercise price per share of an ISAR or CSAR is less than the Fair Market Value of a share of
Stock on the date of grant, then such Stock Appreciation Right shall be treated as a Full Value Award under the share counting provisions of Section 3.1(b). 

(d) No Stock Appreciation Right shall have a term of more than ten years. 

ARTICLE 8 

OTHER TYPES OF AWARDS 
 8.1 Performance Share Awards. Any Participant selected by the Committee may be granted one or more Performance Share awards which may be denominated in a number of shares of Stock or in a dollar
value of shares of Stock and which may be linked to any one or more of the Performance Criteria or other specific performance criteria determined appropriate by the Committee, in each case on a specified date or dates or over any period or periods
determined by the Committee. In making such determinations, the Committee shall consider (among such other factors as it deems relevant in light of the specific type of award) the contributions, responsibilities and other compensation of the
particular Participant. 
 8.2 Dividend Equivalents. 

(a) Any Participant selected by the Committee may be granted Dividend Equivalents based on the dividends declared on the
shares of Stock that are subject to any Award, to be credited as of dividend payment dates, during the period between the date the Award is granted and the date the Award is exercised, vests or expires, as determined by the Committee. Such Dividend
Equivalents shall be converted to cash or additional shares of Stock by such formula and at such time and subject to such limitations as may be determined by the Committee. 

(b) Dividend Equivalents granted with respect to Options or SARs that are intended to be Qualified Performance-Based
Compensation shall be payable, with respect to pre-exercise periods, regardless of whether such Option or SAR is subsequently exercised. 
 8.3 Stock Payments. Any Participant selected by the Committee may receive Stock Payments in the manner determined from time to time by the Committee. The number of shares shall be determined by the
Committee and may be based upon the Performance Criteria or other specific performance criteria determined appropriate by the Committee, determined on the date such Stock Payment is made or on any date thereafter. 

8.4 Restricted Stock Units. Any Participant selected by the Committee may be granted an award of Restricted Stock Units in the
manner determined from time to time by the Committee. The number of Restricted Stock Units shall be determined by the Committee and may be linked to the Performance Criteria or other specific performance criteria determined to be appropriate by the
Committee, in each case on a specified date or dates or over any period or periods determined by the Committee. Stock underlying a Restricted Stock Unit will not be issued until the Restricted Stock Unit has vested, pursuant to a vesting schedule or
performance criteria set by the Committee. Unless otherwise provided by the Committee, a Participant awarded Restricted Stock Units shall have no rights as a Company stockholder with respect to such Restricted Stock Units until such time as the
Restricted Stock Units have vested and the Stock underlying the Restricted Stock Units has been issued. 

 8.5 Term. The term of any Award of Performance Shares, Dividend Equivalents, Stock
Payments or Restricted Stock Units shall be set by the Committee in its discretion. 
 8.6 Exercise or Purchase Price.
The Committee may establish the exercise or purchase price of any Award of Performance Shares, Restricted Stock Units or Stock Payments; provided, however, that such price shall not be less than the par value of a share of Stock, unless
otherwise permitted by applicable state law. 
 8.7 Exercise Upon Termination of Employment or Service. An Award of
Performance Shares, Dividend Equivalents, Restricted Stock Units and Stock Payments shall only be exercisable or payable while the Participant is an Employee, consultant to the Company or a member of the Board, as applicable; provided,
however, that the Committee in its sole and absolute discretion may provide that an Award of Performance Shares, Dividend Equivalents, Stock Payments or Restricted Stock Units may be exercised or paid subsequent to a termination of employment or
service, as applicable, upon or following a Change of Control of the Company, or because of the Participant’s retirement, death or disability, or otherwise. 
 8.8 Form of Payment. Payments with respect to any Awards granted under this Article 8 shall be made in cash, in Stock or a combination of both, as determined by the Committee. 

8.9 Award Agreement. All Awards under this Article 8 shall be subject to such additional terms and conditions as determined by the
Committee and shall be evidenced by a written Award Agreement. 
 ARTICLE 9 

PERFORMANCE-BASED AWARDS 
 9.1 Purpose. The purpose of this Article 9 is to provide the Committee the ability to qualify Awards other than Options and SARs and that are granted pursuant to Articles 6 and 8 as Qualified
Performance-Based Compensation. If the Committee, in its discretion, decides to grant a Performance-Based Award to a Covered Employee, the provisions of this Article 9 shall control over any contrary provision contained in Articles 6 or 8;
provided, however, that the Committee may in its discretion grant Awards to Covered Employees that are based on Performance Criteria or Performance Goals but that do not satisfy the requirements of this Article 9. 

9.2 Applicability. This Article 9 shall apply only to those Covered Employees selected by the Committee to receive
Performance-Based Awards. The designation of a Covered Employee as a Participant for a Performance Period shall not in any manner entitle the Participant to receive an Award for the period. Moreover, designation of a Covered Employee as a
Participant for a particular Performance Period shall not require designation of such Covered Employee as a Participant in any subsequent Performance Period and designation of one Covered Employee as a Participant shall not require designation of
any other Covered Employees as a Participant in such period or in any other period. 
 9.3 Procedures With Respect to
Performance-Based Awards. To the extent necessary to comply with the Qualified Performance-Based Compensation requirements of Section 162(m)(4)(C) of the Code, with respect to any Award granted under Articles 6 and 8 which may be granted to
one or more Covered Employees, no later than ninety (90) days following the commencement of any fiscal year in question or any other designated fiscal period or period of service (or such other time as may be required or permitted by
Section 162(m) of the Code), the Committee shall, in writing, (i) designate one or more Covered Employees, (ii) select the Performance Criteria applicable to the Performance Period, (iii) establish the Performance Goals, and
amounts of such Awards, as applicable, which may be earned for such Performance Period, and (iv) specify the relationship between Performance Criteria and the Performance Goals and the amounts of such Awards, as applicable, to be earned by each
Covered Employee for such Performance Period. Following the completion of each Performance Period, the Committee shall certify in writing whether the applicable Performance Goals have been achieved for such Performance Period. In determining the
amount earned by a Covered Employee, the Committee shall have the right to reduce or eliminate (but not to increase) the amount payable at a given level of performance to take into account additional factors that the Committee may deem relevant to
the assessment of individual or corporate performance for the Performance Period. 
 9.4 Payment of Performance-Based
Awards. Unless otherwise provided in the applicable Award Agreement, a Participant must be employed by the Company or a Subsidiary on the day a Performance-Based Award for such 

 
Performance Period is paid to the Participant. Furthermore, a Participant shall be eligible to receive payment pursuant to a Performance-Based Award for a Performance Period only if the
Performance Goals for such period are achieved. In determining the amount earned under a Performance-Based Award, the Committee may reduce or eliminate the amount of the Performance-Based Award earned for the Performance Period, if in its sole and
absolute discretion, such reduction or elimination is appropriate. 
 9.5 Additional Limitations. Notwithstanding any
other provision of the Plan, any Award which is granted to a Covered Employee and is intended to constitute Qualified Performance-Based Compensation shall be subject to any additional limitations set forth in Section 162(m) of the Code
(including any amendment to Section 162(m) of the Code) or any regulations or rulings issued thereunder that are requirements for qualification as qualified performance-based compensation as described in Section 162(m)(4)(C) of the Code,
and the Plan shall be deemed amended to the extent necessary to conform to such requirements. 
 ARTICLE 10 

PROVISIONS APPLICABLE TO AWARDS 
 10.1 Stand-Alone and Tandem Awards. Awards granted pursuant to the Plan may, in the discretion of the Committee, be granted either alone, in addition to, or in tandem with, any other Award granted
pursuant to the Plan. Awards granted in addition to or in tandem with other Awards may be granted either at the same time as or at a different time from the grant of such other Awards. 

10.2 Award Agreement. Awards under the Plan shall be evidenced by Award Agreements that set forth the terms, conditions and
limitations for each Award which may include the term of an Award, the provisions applicable in the event the Participant’s employment or service terminates, and the Company’s authority to unilaterally or bilaterally amend, modify,
suspend, cancel or rescind an Award. 
 10.3 Limits on Transfer. No right or interest of a Participant in any Award may
be pledged, encumbered, or hypothecated to or in favor of any party other than the Company or a Subsidiary, or shall be subject to any lien, obligation, or liability of such Participant to any other party other than the Company or a Subsidiary.
Except as otherwise provided by the Committee, no Award shall be assigned, transferred, or otherwise disposed of by a Participant other than by will or the laws of descent and distribution. The Committee by express provision in the Award or an
amendment thereto may permit an Award (other than an Incentive Stock Option) to be transferred to, exercised by and paid to certain persons or entities related to the Participant, including but not limited to members of the Participant’s
family, charitable institutions, or trusts or other entities whose beneficiaries or beneficial owners are members of the Participant’s family and/or charitable institutions, or to such other persons or entities as may be expressly approved by
the Committee, pursuant to such conditions and procedures as the Committee may establish. Any permitted transfer may be subject to the condition that the Committee receive evidence satisfactory to it that the transfer is being made for by gift for
estate and/or tax planning purposes (or to a “blind trust” in connection with the Participant’s termination of employment or service with the Company or a Subsidiary to assume a position with a governmental, charitable, educational or
similar non-profit institution) and on a basis consistent with the Company’s lawful issue of securities. A transfer of an Award under this Section 10.3 shall be permitted only if the Participant receives no consideration in connection with
such transfer. 
 10.4 Beneficiaries. Notwithstanding Section 10.3, a Participant may, in the manner determined by
the Committee, designate a beneficiary to exercise the rights of the Participant and to receive any distribution with respect to any Award upon the Participant’s death. A beneficiary, legal guardian, legal representative, or other person
claiming any rights pursuant to the Plan is subject to all terms and conditions of the Plan and any Award Agreement applicable to the Participant, except to the extent the Plan and Award Agreement otherwise provide, and to any additional
restrictions deemed necessary or appropriate by the Committee. If the Participant is married and resides in a community property state, a designation of a person other than the Participant’s spouse as his beneficiary with respect to more than
50% of the Participant’s interest in the Award shall not be effective without the prior written consent of the Participant’s spouse. If no beneficiary has been designated or survives the Participant, payment shall be made to the person
entitled thereto pursuant to the Participant’s will or the laws of descent and distribution. Subject to the foregoing, a beneficiary designation may be changed or revoked by a Participant at any time provided the change or revocation is filed
with the Committee. 

 10.5 Stock Certificates. Notwithstanding anything herein to the contrary, the Company
shall not be required to issue or deliver any certificates evidencing shares of Stock pursuant to the exercise of any Award, unless and until the Board has determined, with advice of counsel, that the issuance and delivery of such certificates is in
compliance with all applicable laws, regulations of governmental authorities and, if applicable, the requirements of any exchange on which the shares of Stock are listed or traded. All Stock certificates delivered pursuant to the Plan are subject to
any stop-transfer orders and other restrictions as the Committee deems necessary or advisable to comply with federal, state, or foreign jurisdiction, securities or other laws, rules and regulations and the rules of any national securities exchange
or automated quotation system on which the Stock is listed, quoted, or traded. The Committee may place legends on any Stock certificate to reference restrictions applicable to the Stock. In addition to the terms and conditions provided herein, the
Board may require that a Participant make such reasonable covenants, agreements, and representations as the Board, in its discretion, deems advisable in order to comply with any such laws, regulations, or requirements. The Committee shall have the
right to require any Participant to comply with any timing or other restrictions with respect to the settlement or exercise of any Award, including a window-period limitation, as may be imposed in the discretion of the Committee. 

10.6 Full Value Award Vesting Limitations. Notwithstanding any other provision of this Plan to the contrary, Full Value Awards
made to Employees or Consultants shall become vested over a period of not less than three years (or, in the case of vesting based upon the attainment of Performance Goals or other performance-based objectives, over a period of not less than one
year) following the date the Award is made; provided, however, that, notwithstanding the foregoing, Full Value Awards may fully vest upon the death or Disability of the Participant, and upon a Change in Control. 

ARTICLE 11 

CHANGES IN CAPITAL STRUCTURE 
 11.1 Adjustments. In the event of any stock dividend, stock split, combination or exchange of shares, merger, consolidation, spin-off, recapitalization or other extraordinary distribution (other
than normal cash dividends) of Company assets to stockholders (including extraordinary dividends), or any other change affecting the shares of Stock or the share price of the Stock, the Committee shall make such proportionate adjustments to reflect
such change with respect to (i) the aggregate number and type of shares that may be issued under the Plan (including, but not limited to, adjustments of the limitations in Sections 3.1 and 3.3); (ii) the terms and conditions of any
outstanding Awards (including, without limitation, any applicable performance targets or criteria with respect thereto); and (iii) the grant or exercise price per share for any outstanding Awards under the Plan. Any adjustment affecting an
Award intended as Qualified Performance-Based Compensation shall be made consistent with the requirements of Section 162(m) of the Code. The form and manner of any such adjustments shall be determined in the sole discretion of the Committee.

 11.2 Effect of a Change of Control. In the event of a Change of Control, then all of a Participant’s unvested
Awards shall become fully exercisable and/or payable as applicable, and all forfeiture restrictions on such Awards shall lapse, immediately prior to such Change of Control. Upon, or in anticipation of, a Change of Control, the Committee may cause
any and all Awards outstanding hereunder to terminate at a specific time in the future and shall give each Participant the right to exercise such Awards during a period of time as the Committee, in its sole and absolute discretion, shall determine.

 11.3 Outstanding Awards—Certain Mergers. Subject to any required action by the stockholders of the Company, in
the event that the Company shall be the surviving corporation in any merger or consolidation (except a merger or consolidation as a result of which the holders of shares of Stock receive securities of another corporation), each Award outstanding on
the date of such merger or consolidation shall pertain to and apply to the securities that a holder of the number of shares of Stock subject to such Award would have received in such merger or consolidation. 

11.4 Outstanding Awards—Other Changes. In the event of any other change in the capitalization of the Company or corporate
change other than those specifically referred to in this Article 11, the Committee may, in its absolute discretion, make such adjustments in the number and class of shares subject to Awards outstanding on the date on which such change occurs and in
the per share grant or exercise price of each Award as the Committee may consider appropriate to prevent dilution or enlargement of rights. 

 11.5 No Other Rights. Except as expressly provided in the Plan, no Participant shall
have any rights by reason of any subdivision or consolidation of shares of stock of any class, the payment of any dividend, any increase or decrease in the number of shares of stock of any class or any dissolution, liquidation, merger, or
consolidation of the Company or any other corporation. Except as expressly provided in the Plan or pursuant to action of the Committee under the Plan, no issuance by the Company of shares of stock of any class, or securities convertible into shares
of stock of any class, shall affect, and no adjustment by reason thereof shall be made with respect to, the number of shares of Stock subject to an Award or the grant or exercise price of any Award. 

ARTICLE 12 

ADMINISTRATION 
 12.1 Committee. Unless and until the Board delegates administration to a Committee as set forth below, the Plan shall be administered by the Board. The Board may delegate administration of the Plan
to a Committee or Committees of one or more members of the Board, and the term “Committee” shall apply to any person or persons to whom such authority has been delegated. If administration is delegated to a Committee, the Committee shall
have, in connection with the administration of the Plan, the powers theretofore possessed by the Board, including the power to delegate to a subcommittee any of the administrative powers the Committee is authorized to exercise (and references in
this Plan to the Board shall thereafter be to the Committee or subcommittee), subject, however, to such resolutions, not inconsistent with the provisions of the Plan, as may be adopted from time to time by the Board. The Committee shall consist
solely of two or more members of the Board each of whom is both an “outside director,” within the meaning of Section 162(m) of the Code, and a Non-Employee Director. Within the scope of such authority, the Board or the Committee may
(i) delegate to a committee of one or more members of the Board who are not “outside directors,” within the meaning of Section 162(m) of the Code the authority to grant awards under the Plan to eligible persons who are either
(1) not then “covered employees,” within the meaning of Section 162(m) of the Code and are not expected to be “covered employees” at the time of recognition of income resulting from such award or (2) not persons
with respect to whom the Company wishes to comply with Section 162(m) of the Code and/or (ii) delegate to a committee of one or more members of the Board who are not Non-Employee Directors, the authority to grant awards under the Plan to
eligible persons who are not then subject to Section 16 of the Exchange Act. The Board may abolish the Committee at any time and/or revest in the Board the administration of the Plan. Appointment of Committee members shall be effective upon
acceptance of appointment. Committee members may resign at any time by delivering written notice to the Board. Vacancies in the Committee may only be filled by the Board. 
 12.2 Action by the Committee. A majority of the Committee shall constitute a quorum. The acts of a majority of the members present at any meeting at which a quorum is present, and acts approved in
writing by a majority of the Committee in lieu of a meeting, shall be deemed the acts of the Committee. Each member of the Committee is entitled to, in good faith, rely or act upon any report or other information furnished to that member by any
officer or other employee of the Company or any Subsidiary, the Company’s independent certified public accountants, or any executive compensation consultant or other professional retained by the Company to assist in the administration of the
Plan. 
 12.3 Authority of Committee. Subject to any specific designation in the Plan, the Committee has the exclusive
power, authority and discretion to: 
 (a) Designate Participants to receive Awards; 

(b) Determine the type or types of Awards to be granted to each Participant; 

(c) Determine the number of Awards to be granted and the number of shares of Stock to which an Award will relate;

 (d) Determine the terms and conditions of any Award granted pursuant to the Plan, including, but not limited
to, the exercise price, grant price, or purchase price, any reload provision, any restrictions or limitations on the Award, any schedule for lapse of forfeiture restrictions or restrictions on the exercisability of an Award, and accelerations or
waivers thereof, any provisions related to non-competition and recapture of gain on an Award, based in each case on such considerations as the Committee in its sole discretion determines; provided, however, that the Committee shall not have
the authority to accelerate the vesting or waive the forfeiture of any Performance-Based Awards; 

 (e) Determine whether, to what extent, and pursuant to what circumstances an
Award may be settled in, or the exercise price of an Award may be paid in, cash, Stock, other Awards, or other property, or an Award may be canceled, forfeited, or surrendered; 

(f) Prescribe the form of each Award Agreement, which need not be identical for each Participant; 

(g) Decide all other matters that must be determined in connection with an Award; 

(h) Establish, adopt, or revise any rules and regulations as it may deem necessary or advisable to administer the Plan;

 (i) Interpret the terms of, and any matter arising pursuant to, the Plan or any Award Agreement; and

 (j) Make all other decisions and determinations that may be required pursuant to the Plan or as the Committee
deems necessary or advisable to administer the Plan. 
 12.4 Decisions Binding. The Committee’s interpretation of
the Plan, any Awards granted pursuant to the Plan, any Award Agreement and all decisions and determinations by the Committee with respect to the Plan are final, binding, and conclusive on all parties. 

ARTICLE 13 

EFFECTIVE AND EXPIRATION DATE 
 13.1 Effective Date. This amended and restated Plan will be effective on the Amendment and Restatement Effective Date. Awards in excess of the number of shares of Stock available for issuance under
the Plan as of May 30, 2007 may be granted or awarded prior to the Amendment and Restatement Effective Date, provided that such Awards shall not be exercisable, shall not vest and the restrictions thereon shall not lapse prior to the Amendment
and Restatement Effective Date, and provided further that if stockholder approval of the amended and restated Plan has not been obtained within twelve-months of the approval of the Board of the amended and restated Plan, all such Awards shall
thereupon be canceled and become null and void. 
 13.2 Expiration Date. The Plan will expire on, and no Award may be
granted pursuant to the Plan after May 30, 2017. Any Awards that are outstanding on May 30, 2017 shall remain in force according to the terms of the Plan and the applicable Award Agreement. Each Award Agreement shall provide that it will
expire on the tenth anniversary of the date of grant of the Award to which it relates. 
 ARTICLE 14 

AMENDMENT, MODIFICATION, AND TERMINATION 
 14.1 Amendment, Modification, and Termination. With the approval of the Board, at any time and from time to time, the Committee may terminate, amend or modify the Plan; provided, however,
that (a) to the extent necessary and desirable to comply with any applicable law, regulation, or stock exchange rule, the Company shall obtain stockholder approval of any Plan amendment in such a manner and to such a degree as required, and
(b) stockholder approval is required for any amendment to the Plan that (i) increases the number of shares available under the Plan (other than any adjustment as provided by Article 11), (ii) permits the Committee to extend the
exercise period for an Option beyond ten years from the date of grant or (iii) results in a material increase in benefits or a change in eligibility requirements. Notwithstanding any provision in this Plan to the contrary, absent approval of
the stockholders of the Company, no Option or SAR may be amended to reduce the per share exercise price or base price of the shares subject to such Option or SAR below the per share exercise price as of the date the Option or SAR is granted and,
except as permitted by Article 11, no Option or SAR may be granted in exchange for, or in connection with, the cancellation or surrender of an Option or SAR having a higher per share exercise price. 

14.2 Awards Previously Granted. No termination, amendment, or modification of the Plan shall adversely affect in any material way
any Award previously granted pursuant to the Plan without the prior written consent of the Participant. 

 ARTICLE 15 
 GENERAL PROVISIONS 
 15.1 No Rights to Awards. No Participant,
employee, or other person shall have any claim to be granted any Award pursuant to the Plan, and neither the Company nor the Committee is obligated to treat Participants, employees, and other persons uniformly. 

15.2 No Stockholders Rights. No Award gives the Participant any of the rights of a stockholder of the Company unless and until
shares of Stock are in fact issued to such person in connection with such Award. 
 15.3 Withholding. The Company or any
Subsidiary shall have the authority and the right to deduct or withhold, or require a Participant to remit to the Company, an amount sufficient to satisfy federal, state, local and foreign taxes (including the Participant’s FICA obligation)
required by law to be withheld with respect to any taxable event concerning a Participant arising as a result of this Plan. The Committee may in its discretion and in satisfaction of the foregoing requirement allow a Participant to elect to have the
Company withhold shares of Stock otherwise issuable under an Award (or allow the return of shares of Stock) having a Fair Market Value equal to the sums required to be withheld. Notwithstanding any other provision of the Plan, the number of shares
of Stock which may be withheld with respect to the issuance, vesting, exercise or payment of any Award (or which may be repurchased from the Participant of such Award within six months after such shares of Stock were acquired by the Participant from
the Company) in order to satisfy the Participant’s federal, state, local and foreign income and payroll tax liabilities with respect to the issuance, vesting, exercise or payment of the Award shall be limited to the number of shares which have
a Fair Market Value on the date of withholding or repurchase equal to the aggregate amount of such liabilities based on the minimum statutory withholding rates for federal, state, local and foreign income tax and payroll tax purposes that are
applicable to such supplemental taxable income. 
 15.4 No Right to Employment or Services. Nothing in the Plan or any
Award Agreement shall interfere with or limit in any way the right of the Company or any Subsidiary to terminate any Participant’s employment or services at any time, nor confer upon any Participant any right to continue in the employ or
service of the Company or any Subsidiary. 
 15.5 Unfunded Status of Awards. The Plan is intended to be an
“unfunded” plan for incentive compensation. With respect to any payments not yet made to a Participant pursuant to an Award, nothing contained in the Plan or any Award Agreement shall give the Participant any rights that are greater than
those of a general creditor of the Company or any Subsidiary. 
 15.6 Indemnification. To the extent allowable pursuant
to applicable law, each member of the Committee or of the Board shall be indemnified and held harmless by the Company from any loss, cost, liability, or expense that may be imposed upon or reasonably incurred by such member in connection with or
resulting from any claim, action, suit, or proceeding to which he or she may be a party or in which he or she may be involved by reason of any action or failure to act pursuant to the Plan and against and from any and all amounts paid by him or her
in satisfaction of judgment in such action, suit, or proceeding against him or her, provided he or she gives the Company an opportunity, at its own expense, to handle and defend the same before he or she undertakes to handle and defend it on
his or her own behalf. The foregoing right of indemnification shall not be exclusive of any other rights of indemnification to which such persons may be entitled pursuant to the Company’s Certificate of Incorporation or Bylaws, as a matter of
law, or otherwise, or any power that the Company may have to indemnify them or hold them harmless. 
 15.7 Relationship to
Other Benefits. No payment pursuant to the Plan shall be taken into account in determining any benefits pursuant to any pension, retirement, savings, profit sharing, group insurance, welfare or other benefit plan of the Company or any Subsidiary
except to the extent otherwise expressly provided in writing in such other plan or an agreement thereunder. 
 15.8
Expenses. The expenses of administering the Plan shall be borne by the Company and its Subsidiaries. 
 15.9 Titles
and Headings. The titles and headings of the Sections in the Plan are for convenience of reference only and, in the event of any conflict, the text of the Plan, rather than such titles or headings, shall control. 

15.10 Fractional Shares. No fractional shares of Stock shall be issued and the Committee shall determine, in its discretion,
whether cash shall be given in lieu of fractional shares or whether such fractional shares shall be eliminated by rounding up or down as appropriate. 

 15.11 Limitations Applicable to Section 16 Persons. Notwithstanding any other
provision of the Plan, the Plan, and any Award granted or awarded to any Participant who is then subject to Section 16 of the Exchange Act, shall be subject to any additional limitations set forth in any applicable exemptive rule under
Section 16 of the Exchange Act (including any amendment to Rule 16b-3 of the Exchange Act) that are requirements for the application of such exemptive rule. To the extent permitted by applicable law, the Plan and Awards granted or awarded
hereunder shall be deemed amended to the extent necessary to conform to such applicable exemptive rule. 
 15.12 Government
And Other Regulations. The obligation of the Company to make payment of awards in Stock or otherwise shall be subject to all applicable laws, rules, and regulations, and to such approvals by government agencies as may be required. The Company
shall be under no obligation to register pursuant to the Securities Act of 1933, as amended, any of the shares of Stock paid pursuant to the Plan. If the shares paid pursuant to the Plan may in certain circumstances be exempt from registration
pursuant to the Securities Act of 1933, as amended, the Company may restrict the transfer of such shares in such manner as it deems advisable to ensure the availability of any such exemption. 

15.13 Governing Law. The Plan and all Award Agreements shall be construed in accordance with and governed by the laws of the State
of Delaware. 
 15.14 Appendices. The Committee may approve such supplements to, or amendments, or appendices to, the
Plan as it may consider necessary or appropriate for purposes of compliance with applicable laws or otherwise and such supplements, amendments or appendices shall be considered a part of the Plan; provided, however, that no such supplements,
amendments or appendices shall increase the share limitations contained in Sections 3.1 and 3.3 of the Plan. 
 15.15
Section 409A. To the extent that the Committee determines that any Award granted under the Plan is subject to Section 409A of the Code, the Award Agreement evidencing such Award shall incorporate the terms and conditions required by
Section 409A of the Code. To the extent applicable, the Plan and Award Agreements shall be interpreted in accordance with Section 409A of the Code and 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 Amendment and Restatement Effective Date. Notwithstanding any provision of the Plan to the contrary, in the event that following the Amendment and
Restatement Effective Date the Committee determines that any Award may be subject to Section 409A of the Code and related Department of Treasury guidance (including such Department of Treasury guidance as may be issued after the Amendment and
Restatement Effective Date), the Committee may adopt such amendments to the Plan and the applicable Award Agreement or adopt other policies and procedures (including amendments, policies and procedures with retroactive effect), or take any other
actions, that the Committee determines are necessary or appropriate to (a) exempt the Award from Section 409A of the Code and/or preserve the intended tax treatment of the benefits provided with respect to the Award, or (b) comply
with the requirements of Section 409A of the Code and related Department of Treasury guidance.

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