Document:

peterhuntfinalrelease0dd

                      GENERAL RELEASE AGREEMENT         This General Release Agreement (this “Agreement”) is entered into this    6th    day of         July 2018, by and among Peter Hunt, an individual (“Employee”), Virgin America Inc., a  Delaware corporation (the “Corporation”), and Alaska Airlines, Inc., an Alaska corporation  (“Alaska”) (individually, a “party” and collectively, the “parties”).         WHEREAS, Employee previously agreed to work through a June 14, 2018 employment  period (“Employment Period”);         WHEREAS, Employee worked through Employee’s Employment Period;         WHEREAS, the parties have agreed that Employee’s employment with the Corporation  and Alaska terminated on June 14, 2018 (the “Separation Date”);         WHEREAS, Employee received a payment of $5,979,295.67 on December 19, 2016,  such amount representing the value as of December 14, 2016 of Employee’s stock in the  Corporation, which vested on an accelerated basis on December 14, 2016;         WHEREAS, Employee received a payment of $1,372,967 on February 13, 2017, such  amount representing the amount Employee would have received under the Virgin America Inc.  Change in Control Severance Plan (and Summary Plan Description) Effective November 19,  2014 (“CIC Plan”) as a cash severance payment (“Closing Bonus”) had Employee not waived  Employee’s rights under the CIC Plan in the Alaska Airlines Offer Letter (as defined below) and  the July 2016 General Release Agreement (as defined below);         WHEREAS, Employee received a payment of $186,030.10 on March 10, 2017, such  amount representing the amount that Employee received under the Virgin America Inc.  Management Executive Compensation Plan (“ICP Plan”) for fiscal year 2016;         WHEREAS, Employee received a payment of $450,450.18 on January 26, 2018  pursuant to the Alaska Airlines Offer Letter (as defined below), such amount representing the  amount that Employee received under the Alaska Air Group, Inc. Performance-Based Pay Plan  (“PBP Plan”) for fiscal year 2017; and         WHEREAS, subject to Employee’s timely execution and delivery, and non-revocation of  this Agreement, the parties acknowledge that Employee is entitled to the following severance  benefits (collectively referred to herein as “Severance Benefits”):         (a) Vesting of Employee’s “First Grant” (as that term was defined in the Alaska Airlines           Offer Letter (as defined below) of RSUs, such RSUs to be settled in accordance with           the terms of the grant agreement for the First Grant;         (b) Vesting of Employee’s “Second Grant” (as that term was defined in the Alaska           Airlines Offer Letter (as defined below) of RSUs, such RSUs to be settled in          accordance with the terms of the grant agreement for the Second Grant;                                         1    

 

       (c) A cash payment in the amount of $14,281.44, such amount representing a payment           that Employee may use to cover certain healthcare expenses if Employee so chooses           (“Cash Healthcare Payment”) and such Cash Healthcare Payment to be paid on or            before August 13, 2018;          (d) A cash payment in the amount of $121,875, such amount representing a pro-rated            payment under the PBP Plan based on Employee’s target participation rate for five            (5) months of Employee’s employment in 2018 (“2018 PBP Payment”) and such            2018 PBP Payment to be paid on or before August 13, 2018;          (e) Career counseling and career transition consulting services in an amount of up to           $10,000, which will be available to Employee as of the Separation Date, provided by           Lee Hecht Harrison, and billed directly to Alaska; and          (f) Lifetime, positive-space, first-class cabin air travel for Employee, Employee’s            covered family members, and dependents1 for leisure travel (“Travel Benefits”), such            Travel Benefits to be on flights operated by Alaska Airlines, Inc. and flights operated            by Horizon Air Industries, Inc. and SkyWest on behalf of Alaska Airlines, Inc. under            capacity purchase arrangements.          NOW, THEREFORE, in consideration of the covenants undertaken and the releases   contained in this Agreement, the parties agree as follows:          I.    Termination.  Employee’s employment with the Corporation, Alaska, and with   any of their subsidiaries and affiliates terminated on the Separation Date.  Employee waives any   right or claim to reinstatement as an employee of the Corporation, Alaska, or any of their   subsidiaries and affiliates.  Employee hereby confirms that Employee terminated from any   position as an officer, director, employee, member, and in any other capacity with the  Corporation, Alaska, or any of their subsidiaries and affiliates that the Employee may have  previously had, and Employee does not currently hold any such position.          II.   Delivery of Release Agreement.  The parties acknowledge and agree that   Employee’s right to receive the Severance Benefits provided for herein is subject to Employee’s   timely execution and delivery of this Agreement to Alaska no later than 11:59 p.m. Pacific   Daylight Time on July 29, 2018 and Employee’s not revoking this Agreement pursuant to any   revocation right afforded by applicable law.  Employee must email an executed copy of this   Agreement to employee.records@alaskaair.com.  To revoke the Agreement, Employee must   email employee.records@alaskaair.com with notice of revocation.          III.  Continuing Obligations.  Employee’s right to receive the Severance Benefits   provided herein is subject to Employee’s continued compliance with Employee’s obligations   hereunder.  In addition, in order to receive the Travel Benefits described herein, the Employee   must timely remit all necessary travel-related tax payments and withholdings to Alaska through   the payment means established by Alaska (including as those payment means may change from                                                      1 “Covered family members” and “dependents” will mean a spouse or domestic partner and dependent children   under age 19 or between the ages of 19 and 25 who are full-time students, who are at least 50% financially   dependent on the Employee, and whose permanent residence is with the Employee.                                         2     

 

 time to time) so that Alaska can timely remit all necessary travel-related taxes to the proper   taxing authorities.  If the Employee fails to timely remit any such payments, then the Employee’s   Travel Benefits will be subject to cancellation by Alaska.  Employee will receive an IRS Form   W-2 for the imputed value of Travel Benefits based on the same methodology used by Alaska.          IV.   Acknowledgment of Final Wage Payments.  Employee acknowledges and   agrees that Employee’s employment with the Corporation, Alaska, and with any of their  subsidiaries and affiliates in any capacity terminated effective on the Separation Date.  By  signing below, Employee acknowledges that, except for the Severance Benefits provided for  herein and any “true up” owed under the Alaska Air Group, Inc. Alaskasaver Plan (“Alaskasaver   Plan”) for the 2018 plan year, the Corporation, Alaska, and their subsidiaries and affiliates have   paid all salary, wages, bonuses, accrued vacation, commissions, reimbursement of expenses, and   any and all other benefits and compensation that Employee earned during Employee’s   employment with the Corporation and Alaska.  All benefits and perquisites of employment other   than the Severance Benefits provided for herein and any above-referenced “true up” ceased as of   the Separation Date and Employee will not receive any further salary, bonuses, vacation, vesting   of any equity or benefits, or other forms of compensation other than the Severance Benefits   provided herein after the Separation Date from the Corporation, Alaska, or any of their   subsidiaries or affiliates.  Employee agrees that all payments due to Employee from the   Corporation, Alaska, or any of their subsidiaries and affiliates after the Separation Date shall be   determined under this Agreement and the First Grant and Second Grant grant agreements and not   under the Employee’s offer letter dated May 26, 2011 with the Corporation (“Offer Letter”),   Employee’s offer letter from Alaska Airlines, Inc. dated July 8, 2016 (“Alaska Airlines Offer   Letter”), the general release agreement between Employee and the Corporation dated July 11,   2016 (“July 2016 General Release Agreement”), the first supplemental release agreement   between Employee and the Corporation dated January 16, 2017 (“January 2017 First   Supplemental Release Agreement”), the CIC Plan, the PBP Plan, and/or any other documents.          V.    Waiver of Any Rights Under Other Agreements or Plans.  In consideration   for the Severance Benefits and without limiting the generality of the releases set forth in Sections   VI-VIII below, Employee hereby expressly and irrevocably waives Employee’s rights to receive  any payments or benefits under the Offer Letter, Alaska Airlines Offer Letter, the July 2016  General Release Agreement, the January 2017 First Supplemental Release Agreement, the CIC   Plan, the PBP Plan, the Alaska Air Group, Inc. Operational Performance Rewards Plan (“OPR   Plan”) Plan, and any other Corporation, Alaska, or Alaska Air Group, Inc. benefits plans or   programs, including, without limitation, any severance payments, other payments, or benefits   provided in the Offer Letter, Alaska Airlines Offer Letter, the July 2016 General Release   Agreement, the January 2017 First Supplemental Release Agreement, the CIC Plan, the PBP  Plan, the OPR Plan, and any other Corporation, Alaska, or Alaska Air Group, Inc. benefits plans  and/or programs, and hereby acknowledges and agrees that Employee’s rights with respect to  such Offer Letter, Alaska Airlines Offer Letter, the July 2016 General Release Agreement, the  January 2017 First Supplemental Release Agreement, the CIC Plan, the PBP Plan, the OPR Plan,  and any other Corporation, Alaska, or Alaska Air Group, Inc. benefits plans and/or programs  have terminated except as set forth in Section IV above.  Notwithstanding the foregoing,  Employee’s obligations under the “Confidentiality/Proprietary Information” section of such  Offer Letter, if any, the Team Member Invention Assignment and Confidentiality Agreement  with the Corporation or Alaska, if any, under Section XI below (or any other confidentiality or                                          3     

 

 similar agreement between Employee and the Corporation or Alaska or any Alaska Air Group,   Inc. or Alaska policy currently in effect), and the First Grant and Second Grant grant agreements   continue in effect.          VI.   Release.  Employee, on Employee’s own behalf and on behalf of Employee’s   descendants, dependents, heirs, executors, administrators, assigns, and successors, and each of   them, hereby acknowledges full and complete satisfaction of and releases and discharges and   covenants not to sue the Corporation, Alaska, and each of their respective divisions, subsidiaries,   parents, or affiliated corporations, past and present, and each of them, as well as their assignees,   successors, directors, officers, stockholders, partners, representatives, attorneys, agents, or   employees, past or present, or any of them (individually and collectively, “Releasees”), from and   with respect to any and all claims, agreements, obligations, demands, and causes of action,   known or unknown, suspected or unsuspected, arising out of or in any way connected with   Employee’s employment or any other relationship with or interest in the Corporation or Alaska   or the termination thereof, including, without limiting the generality of the foregoing, any claim   for severance pay, profit sharing, bonus or similar benefit, equity-based awards and/or dividend   equivalents thereon, pension, retirement, life insurance, health or medical insurance, or any other  fringe benefit, or disability benefit, or any other claims, agreements, obligations, demands, and  causes of action, known or unknown, suspected or unsuspected, resulting from any act or  omission by or on the part of Releasees committed or omitted prior to the date of this Agreement,  including, without limiting the generality of the foregoing, any claim under Title VII of the Civil  Rights Act of 1964, the Civil Rights Act of 1991, the Age Discrimination in Employment Act of  1967, the Americans with Disabilities Act, the Family and Medical Leave Act, the Fair Credit  Reporting Act, the Employee Retirement Income Security Act of 1974, the Worker Adjustment  and Retraining Notification Act, the Sarbanes-Oxley Act, the California Fair Employment and  Housing Act, the California Labor Code (including, by way of example but not of limitation,  Section 132a), the California Worker Adjustment and Retraining Notification Act, the California  Fair Pay Act, the California Business and Profession Code, the Industrial Welfare Commission  Wage Orders, the California Family Rights Act, or any other federal, state, or local law, principle  of law, regulation, or ordinance (collectively, the “Claims”); provided that such release and   covenant not to sue shall not limit Employee’s rights, benefits, or Claims under (i) this   Agreement, (ii) the Consolidated Omnibus Budget Reconciliation Act (“COBRA”), (iii) any   applicable Corporation or Alaska indemnification, including the indemnification provisions in   the Corporation’s certificate of incorporation and/or bylaws, as applicable, and in any written   indemnification agreement in effect on April 1, 2016, (iv) any Alaska insurance policy or   Corporation insurance policy in effect on or before the date of the closing of the purchase of   Virgin America Inc. by Alaska Air Group, Inc., including any automobile insurance, general   liability insurance, director & officer liability insurance, employment practices liability   insurance, and fiduciary liability insurance, or (v) the Alaskasaver Plan and/or the Virgin   America Inc. 401(k) Plan in accordance with the terms of the applicable plan, as administered by   the Corporation or Alaska or their delegates, as applicable, in accordance with the Internal   Revenue Code; and provided further that this release does not cover any Claim that cannot be so   released as a matter of applicable law, including, but not limited to, the right to file a charge with   or participate in an investigation conducted by certain government agencies.  Employee does   waive, however, any damages or individual relief, including monetary relief, should any agency   pursue any claims on Employee’s behalf, if this waiver is permitted by applicable law.    Employee acknowledges and agrees that Employee has received any and all leave and other                                         4     

 

 benefits that Employee has been and is entitled to pursuant to the Family and Medical Leave Act   of 1993.  Employee further acknowledges and represents that Employee is not aware of any facts   that would establish or support any violation by the Corporation or Alaska of AIR21 or any FAA   safety regulations, or of other safety or security-related laws that apply to the Corporation or  Alaska.         VII.  1542 Waiver.  It is the intention of Employee in executing this Agreement that   the same shall be effective as a bar to each and every Claim hereinabove specified.  In   furtherance of this intention, Employee hereby expressly waives any and all rights and benefits   conferred upon Employee by the provisions of SECTION 1542 OF THE CALIFORNIA CIVIL   CODE and expressly consents that this Agreement (including, without limitation, the Release set   forth above) shall be given full force and effect according to each and all of its express terms and   provisions, including those related to unknown and unsuspected Claims, if any, as well as those   relating to any other Claims hereinabove specified. SECTION 1542 provides:                “A GENERAL RELEASE DOES NOT EXTEND TO CLAIMS               WHICH THE CREDITOR DOES NOT KNOW OR SUSPECT               TO EXIST IN HIS OR HER FAVOR AT THE TIME OF               EXECUTING THE RELEASE, WHICH IF KNOWN BY HIM               OR HER MUST HAVE MATERIALLY AFFECTED HIS OR               HER SETTLEMENT WITH THE DEBTOR.”    Employee acknowledges that Employee may hereafter discover Claims or facts in addition to or   different from those which Employee now knows or believes to exist with respect to the subject   matter of this Agreement and which, if known or suspected at the time of executing this   Agreement, may have materially affected this settlement.  Nevertheless, Employee hereby   waives any right, Claim or cause of action that might arise as a result of such different or   additional Claims or facts.  Employee acknowledges that Employee understands the significance   and consequences of the foregoing Release and such specific waiver of SECTION 1542.          VIII. ADEA Waiver.  Employee expressly acknowledges and agrees that by entering   into this Agreement, Employee is waiving any and all rights or claims that Employee may have   arising under the Age Discrimination in Employment Act of 1967, as amended (“ADEA”),   which have arisen on or before the date of execution of this Agreement.  Employee further   expressly acknowledges and agrees that:                (a)   In return for this Agreement, Employee will receive consideration (i.e.,  something of value) beyond that which Employee was already entitled to receive before entering  into this Agreement;               (b)   Employee is hereby advised in writing by this Agreement to consult with  an attorney before signing this Agreement;               (c)   Employee was given a copy of this Agreement and Information and  Eligibility Criteria Notice Pursuant to the Older Workers Benefit Protection Act Disclosure  Under Title 29 U.S. Code Section 626(f)(1)(H) (“Exhibit A”) on June 14, 2018 and was then   informed that Employee had forty-five (45) days within which to consider this Agreement and                                          5     

 

 that if Employee wished to execute this Agreement prior to expiration of such period, Employee   will have done so voluntarily (after consultation with counsel, if Employee so chose) and with   full knowledge that Employee is waiving Employee’s right to have the full duration of such   period to consider this Agreement; and that such period to consider this Agreement would not   and will not be re-started or extended based on any changes, whether material or immaterial, that   are or were made to this Agreement within such period after Employee received it;                 (d)   Nothing in this Agreement prevents or precludes Employee from   challenging or seeking a determination in good faith of the validity of this waiver under the   ADEA, nor does it impose any condition precedent, penalties or costs from doing so, unless   specifically authorized by federal law; and                (e)   Employee was informed that Employee has seven (7) days following the   date of execution of this Agreement in which to revoke this Agreement, and this Agreement will   become null and void if Employee elects revocation during that time.  Any revocation must be in   writing, by email, and must be received by employee.records@alaskaair.com during the seven-  day revocation period.  In the event that Employee exercises Employee’s right of revocation, this   Agreement will not be effective, and neither the Corporation, Alaska, nor Employee will have   any obligations under this Agreement.          IX.   No Transferred Claims.  Employee represents and warrants to the Corporation   and Alaska that Employee has not heretofore assigned or transferred to any person not a party to   this Agreement any released matter or any part or portion thereof.          X.    Cooperation.   Following the Separation Date, Employee will cooperate with the   Corporation or Alaska in connection with any internal or governmental investigation or   administrative, regulatory, arbitral, or judicial proceeding involving the Corporation, Alaska, or   any of their parents, subsidiaries, or affiliates (collectively, the “Company Group”) with respect   to matters relating to Employee’s employment or engagement with the Corporation, Alaska, or   Company Group (collectively, “Litigation”).  This cooperation includes, but is not limited to,   Employee making Employee available to the Corporation, Alaska, or any other member of the  Company Group (or their respective attorneys or auditors) upon reasonable notice for:  (i)  interviews, factual investigations, and providing declarations or affidavits that provide truthful  information in connection with any Litigation; (ii) appearing at the request of the Corporation,   Alaska, or any member of the Company Group to give testimony without requiring service of a   subpoena or other legal process; and (iii) volunteering to the Corporation, Alaska, or any   member of the Company Group pertinent information or documents related to any   Litigation.  Alaska shall reimburse Employee for reasonable expenses that Employee incurs in   connection with such cooperation in accordance with Alaska’s business expense reimbursement   policies.          XI.   Confidentiality.  Employee hereby acknowledges and agrees that Employee is   and will continue to be subject to any confidentiality or other restrictive covenants in favor of the   Corporation or Alaska as and to the extent provided for in the Offer Letter, in the Corporation’s  Playbook, Alaska’s People Policies, the Alaska Air Group Code of Conduct, and/or any  employment agreement, confidentiality agreement, offer letter, or similar agreement Employee  may have with the Corporation or Alaska and Employee further acknowledges and agrees that, to                                          6     

 

 the extent not governed by one of the referenced policies, agreements, or documents, Employee   will not disclose confidential and proprietary business information about the Corporation,   Alaska, Horizon Air Industries, Inc., or Alaska Air Group, Inc., including, but not limited to,  non-disclosure of business marketing plans, business and pricing strategies, trade secrets,  personally identifiable information about guests and/or employees, future route and/or service  offerings, financial forecasts, engineering ideas and designs, or vendor arrangements (the  “Confidentiality Obligations”).  In addition, the parties hereby acknowledge and agree that the   information contained in this Agreement and any communications related to this Agreement are   confidential and shall not be disclosed by a party to any other person, except as required to   comply with applicable law and except for necessary disclosure to a party’s respective   subsidiaries and affiliates and legal, tax, and financial advisors who also agree to keep such   information confidential.  Notwithstanding the foregoing sentence, a party may truthfully   respond to a lawful and valid subpoena or other legal process and may disclose such information  where required to satisfy legal requirements.  In addition, nothing herein shall preclude a party   from providing truthful information or documents to a government authority with jurisdiction   over such party in connection with an investigation by that authority, as to a possible violation of   applicable law.          XII.  Miscellaneous.                A. Successors.                (i)   This Agreement is personal to Employee and shall not, without the prior   written consent of Alaska, be assignable by Employee.               (ii)  This Agreement shall inure to the benefit of and be binding upon the  Corporation, Alaska, and their respective successors and assigns and any such successor or  assignee shall be deemed substituted for the Corporation or Alaska under the terms of this  Agreement for all purposes.  As used herein, “successor” and “assignee” shall include any  person, firm, corporation or other business entity which at any time, whether by purchase,  merger or otherwise, directly or indirectly acquires the ownership of the Corporation or Alaska  or to which the Corporation or Alaska assigns this Agreement by operation of law or otherwise.                B. Waiver.  No waiver of any breach of any term or provision of this   Agreement shall be construed to be, nor shall be, a waiver of any other breach of this Agreement.    No waiver shall be binding unless in writing and signed by the party waiving the breach.                C. Modification.  This Agreement may not be amended or modified other than   by a written agreement executed by Employee and the Chief Executive Officer of the   Corporation or Alaska or their designee.                D. Complete Agreement.  This Agreement constitutes and contains the entire   agreement and final understanding concerning Employee’s relationship with the Corporation,   Alaska, and their subsidiaries and affiliates and the other subject matters addressed herein   between the parties, and supersedes and replaces all prior negotiations and all agreements   proposed or otherwise, whether written or oral, concerning the subject matters hereof.  Any   representation, promise, or agreement not specifically included in this Agreement shall not be                                          7     

 

binding upon or enforceable against either party.  This Agreement is an integrated agreement;  provided, however, that Employee’s obligations under the Confidentiality Obligations and the  First Grant and Second Grant grant agreements are outside the scope of this integration  provision.               E. Severability.  If any provision of this Agreement or the application thereof is  held invalid, the invalidity shall not affect other provisions or applications of this Agreement,  which can be given effect without the invalid provisions or applications and to this end the  provisions of this Agreement are declared to be severable.               F. Governing Law.  This Agreement shall be deemed to have been executed  and delivered within the State of California, and the rights and obligations of the parties  hereunder shall be construed and enforced in accordance with, and governed by, the laws of the  State of California without regard to principles of conflict of laws.               G. Legal Counsel; Mutual Drafting.  Each party recognizes that this is a  legally binding contract and acknowledges and agrees that they have had the opportunity to  consult with legal counsel of their choice.  Each party has cooperated in the drafting, negotiation,  and preparation of this Agreement.  Hence, in any construction to be made of this Agreement,  the same shall not be construed against either party on the basis of that party being the drafter of  such language.  Employee agrees and acknowledges that Employee has read and understands this  Agreement, is entering into it freely and voluntarily, and has been advised to seek counsel prior  to entering into this Agreement and has had ample opportunity to do so.               H. Notices.               (i)   All notices, requests, demands and other communications required or  permitted under this Agreement shall be in writing and shall be deemed to have been duly given  and made if delivered by hand, otherwise delivered against receipt therefor, or sent by registered  or certified mail, postage prepaid, return receipt requested, unless expressly provided for  otherwise in this Agreement.  Any notice shall be duly addressed to the parties hereto as follows:                     (a) if to the Corporation:                       Virgin America Inc.                      Attn:  Ben Minicucci, Chief Executive Officer, Virgin America Inc.                      19300 International Boulevard                      Seattle, WA 98188                                            with a copy to:                       Alaska Airlines, Inc.                      19300 International Boulevard                      SeaTac, WA 98188                      Attn: Vice President, People                                                                  8    

 

                  (b) if to Alaska:                        Alaska Airlines, Inc.                       19300 International Boulevard                       SeaTac, WA 98188                       Attn: Vice President People                     (c) if to Employee, at the last address of Employee on the books of              Alaska.               (ii)  Any party may alter the address to which communications or copies are to  be sent by giving notice of such change of address in conformity with the provisions of this  Section for the giving of notice.  Any communication shall be effective when delivered by hand,  when otherwise delivered against receipt therefor, or five (5) business days after being mailed in  accordance with the foregoing.               I. Counterparts.  This Agreement may be executed in counterparts, and each  counterpart, when executed, shall have the efficacy of a signed original.  Photographic copies of  such signed counterparts may be used in lieu of the originals for any purpose.               J. Arbitration of Disputes.  Disputes or controversies arising under Section XI  or Employee’s Confidentiality Obligations may be brought only by a party in the state or federal  courts located in San Mateo or San Francisco County, California.  Any remaining and timely  controversy or claim arising out of or relating to this Agreement, its enforcement, arbitrability,  interpretation, and/or the termination thereof, the employment or other relationship between the  parties and/or the termination thereof, or any alleged breach, default, or misrepresentation in  connection with this Agreement or any of its provisions, including, by way of example but not of  limitation, and, without limiting the generality of the foregoing, any alleged violation of local,  state, or federal statute, common law, or constitution, regardless of which party is pressing the  claim, shall be submitted to final and binding arbitration, to be held in San Francisco, California,  before a single arbitrator selected from the Judicial Arbitration and Mediation Services, Inc.  (“JAMS”), in accordance with the then-current JAMS Arbitration Rules and Procedures for  employment disputes (which may be found at www.jamsadr.com under the Rules/Clauses tab),  as modified by the terms and conditions in this paragraph; provided, however, that this  agreement to arbitrate does not apply to any claims that as a matter of law cannot be subject to  arbitration.  The parties will select the arbitrator by mutual agreement or, if the parties cannot  agree, then by striking from a list of qualified arbitrators supplied by JAMS from its labor and  employment law panel.  Final resolution of any dispute through arbitration may include any  remedy or relief that is provided for by any applicable law.  Statutes of limitations shall be the  same as would be applicable if the action were brought in court.  The arbitrator selected pursuant  to this Agreement will allow such discovery as is necessary for a full and fair exploration of the  issues and dispute, consistent with the expedited nature of arbitration.  At the conclusion of the  arbitration, the arbitrator shall issue a written decision that sets forth the essential findings and  conclusions upon which the arbitrator’s award or decision is based.  Any award or relief granted  by the arbitrator under this Agreement shall be final and binding on the parties to this Agreement  and may be enforced by any court of competent jurisdiction.  Alaska will pay all arbitration  costs, including the arbitrator’s fees, provided that if Employee is the party initiating the claim,                                         9    

 

Employee will pay an arbitration filing fee not to exceed the filing fee to initiate a claim in the  court of general jurisdiction in the state in which Employee is (or was last) employed by Alaska,  recognizing, however, that each side bears its own deposition, witness, expert and attorneys’ fees  and other expenses to the same extent as if the matter were being heard in court.  If, however,  any party prevails on a claim, which affords the prevailing party attorneys’ fees and costs, then  the arbitrator may award reasonable fees and costs to the prevailing party.  The arbitrator may  not award fees or costs to a party that would not otherwise be entitled to such an award under  applicable law.  The arbitrator shall resolve any dispute as to the reasonableness of any fee or  cost.  The parties acknowledge and agree that they are hereby waiving any rights to trial by  jury in any action or proceeding brought by either of the parties against the other in  connection with any matter whatsoever arising out of or in any way connected with this  Agreement (and/or the termination thereof), the employment or other relationship between  the parties (and/or the termination thereof), and/or any alleged breach, default, or  misrepresentation in connection with this Agreement or any of its provisions.               K. Number and Gender.  Where the context requires, the singular shall include  the plural, the plural shall include the singular, and any gender shall include all other genders.               L. Headings.  The section headings contained in this Agreement are inserted for  convenience only and shall not affect in any way the meaning or interpretation of this  Agreement.               M. Taxes.  Alaska has the right to withhold from any payment hereunder the  amount required by law to be withheld with respect to such payment or other benefits provided  to Employee.  Other than as to such withholding right, Employee shall be solely responsible for  any taxes due as a result of the payments and benefits received by Employee contemplated by  this Agreement.                        [Remainder of page intentionally left blank.]                                          10    

 

            I have read the foregoing agreement and I accept and agree to the provisions it  contains and hereby execute it voluntarily with full understanding of its consequences.                              EXECUTED this    6th    day of     July     (month), 2018, at   San Francisco    (city),   CA   (state).                                 Employee                                                                /S/ Peter Hunt                                                Peter Hunt                             EXECUTED this   17th   day of     July     2018, at Seattle, Washington.                                 Virgin America Inc.,                                a Delaware corporation,                                                                Alaska Airlines, Inc.,                                an Alaska corporation,                                                                                                /S/ Ben Minicucci                                             By:   Ben Minicucci                               Their: Chief Executive Officer of Virgin America, Inc. and                                      President and Chief Operating Officer of Alaska                                      Airlines, Inc.                                          11    

 

                            EXHIBIT A - ADEA RELEASE AGREEMENT      INFORMATION AND ELIGIBILITY CRITERIA NOTICE PURSUANT TO THE OLDER      WORKERS BENEFIT PROTECTION ACT DISCLOSURE UNDER TITLE 29 U.S. CODE                                            SECTION 626(f)(1)(H)                             DISCLOSURE STATEMENT – FEBRUARY 25, 2018   Pursuant to the Older Workers Benefits Protection Act, this is a list of the departments, job titles and ages  (as of the date listed above) of Alaska Airlines, Inc. employees who were formerly Virgin America Inc.  employees on December 14, 2016, except those who are part of a collective bargaining unit, who are  selected and not selected for involuntary termination or position elimination. Employees listed as  “Selected” were selected for involuntary termination or position elimination based on position and  responsibilities, in light of projected overlap and anticipated needs given the Alaska Air Group, Inc.  purchase of Virgin America Inc. and eventual merger of Virgin America Inc. operations into Alaska  Airlines, Inc. operations. Employee terminations began occurring following the close of the purchase of  Virgin America Inc. by Alaska Air Group, Inc. on December 14, 2016, and are scheduled to proceed for  approximately twenty-five (25) months thereafter. Employees listed as “Not Selected” have been offered  roles in the combined Virgin America Inc.-Alaska Airlines, Inc. organization in a non-collective  bargaining unit position.   Employees listed as “Not Selected” and denoted with an asterisk (“*”) were initially selected but applied  for and received a new position within the combined Virgin America Inc.-Alaska Airlines, Inc.  organization.                                                                                      Selected      Not Selected  Department (As of     Job Title (As of    Department (As of    Job Title (As of   (Ages as of     (Ages as of    Dec. 14, 2016)       Dec. 14, 2016)       Feb. 25, 2018)      Feb. 25, 2018)  Feb. 25, 2018)  Feb. 25, 2018)  Airports & Guest    Administrative       Airports & Guest      Coordinator                      61  Services            Assistant            Services              Station                                                                 Operations  Airports & Guest    Customer Service     Airports & Guest      Policy &                         28  Services            Agent Zone 1         Services              Procedure Spclst                                                                 II  Airports & Guest    Guest Relations      Airports & Guest      Guest Relations  35, 44          27, 61  Services            Agent                Services              Agent  Airports & Guest    Guest Relations      Airports & Guest      Guest Relations  30, 33, 33, 44, 42, 52, 61  Services            Specialist           Services              Specialist       55, 62  Airports & Guest    Guest Relations      Airports & Guest      Guest Relations                  30, 33  Services            Supervisor           Services              Supervisor  Airports & Guest    Guest Services       Airports & Guest      Director Station                 46  Services            Manager              Services              Operations  Airports & Guest    Guest Services       Airports & Guest      Mgr Station                      47  Services            Manager              Services              Admin &                                                                 Compliance  Airports & Guest    GuestRelations       Airports & Guest      GuestRelations   35                 Services            Insight Analyst      Services              Insight Analyst  Airports & Guest    Manager, Guest       Airports & Guest      Ticket Counter                   47  Services            Relations            Services              Manager  Airports & Guest    Manager, OCC GS      Airports & Guest      Manager, OCC     60                 Services            Support              Services              GS Support  Airports & Guest    OCC Guest Services   Airports & Guest      Mgr Customer                     34, 34, 35  Services            Supervisor           Services              Operations SOC  Airports & Guest    OCC Guest Services   Airports & Guest      OCC Guest        34                 Services            Supervisor           Services              Services                                                                 Supervisor  Airports & Guest    Ramp Operations      Airports & Guest      Station Duty                     28, 34  Services            Supervisor           Services              Manager                                                         12    

 

                                                                                   Selected      Not Selected  Department (As of     Job Title (As of    Department (As of    Job Title (As of   (Ages as of     (Ages as of    Dec. 14, 2016)       Dec. 14, 2016)       Feb. 25, 2018)      Feb. 25, 2018)  Feb. 25, 2018)  Feb. 25, 2018)  Airports & Guest    Ramp Operations      Airports & Guest      Station                          28, 29, 30, 31,  Services            Supervisor           Services              Supervisor                       32, 33, 39, 39,                                                                                                  44, 49, 55, 66  Airports & Guest    Station Director     Airports & Guest      MD, Station                      46  Services                                 Services              Operations                                                                 Seattle  Airports & Guest    Station Manager III  Airports & Guest      Customer                         51  Services                                 Services              Service Manager                                                                 II  Airports & Guest    Station Manager      Airports & Guest      Customer                         26, 40, 42, 59  Services            Level II             Services              Service Manager                                                                 I  Airports & Guest    Station Manager      Airports & Guest      Customer                         36, 45, 45  Services            Level II             Services              Service Manager                                                                 II  Airports & Guest    Station Manager      Airports & Guest      Manager Ground                   50*, 54  Services            Level II             Services              Operations II  Airports & Guest    Station Manager      Airports & Guest      Station Manager  60                 Services            Level II             Services              Level II  Airports & Guest    Supv, Procedures     Airports & Guest      Supv,                            48  Services            and Process          Services              Procedures and                                                                 Process  Airports & Guest    Supv. Airport Gst    Airports & Guest      Station Duty                     33  Services            Svcs II              Services              Manager  Airports & Guest    Supv. Airport Gst    Airports & Guest      Station                          29, 36*, 45, 48  Services            Svcs II              Services              Supervisor  Airports & Guest    Supv. Airport Gst    Airports & Guest      Supv. Airport    41, 42             Services            Svcs II              Services              Gst Svcs II  Airports & Guest    Supv. Airport Gst    Airports & Guest      Station Duty                     44, 52  Services            Svcs. I              Services              Manager  Airports & Guest    Supv. Airport Gst    Airports & Guest      Station                          26, 27*, 30, 30,  Services            Svcs. I              Services              Supervisor                       31, 35, 35, 37,                                                                                                  41*, 42*, 44,                                                                                                  44, 49, 56  Airports & Guest    Supv. Airport Gst    Airports & Guest      Supv. Airport    29, 31, 40         Services            Svcs. I              Services              Gst Svcs. I  Airports & Guest    Supv, Procedures     Inflight              Inflight                         34*  Services            and Process                                Supervisor  Airports & Guest    Continuous           Legal & Gov't Affairs Sr Quality                       30  Services            Improvement Rep                            Assurance                                                                 Auditor  Airports & Guest    Mgr, Continuous      Legal & Gov't Affairs Sr Quality                       51  Services            Improvement                                Assurance                                                                 Auditor  Airports & Guest    Supv. Airport Gst    Marketing             Onboard Food &                   30  Services            Svcs II                                    Beverage Spclst  Airports & Guest    Customer Service     Operations Control    Manager Crew     60                Services            Agent Zone 1         Center                Planning -                                                                 TEMP  Airports & Guest    Lead Customer        Operations Control    Mgr Customer                     25  Services            Service Agent Z2     Center                Operations SOC  Airports & Guest    Supv. Airport Gst    Tech Operations       Mgr Central                      35*  Services            Svcs II                                    Reserv. Control  Corporate Security  Director Security    Corporate Security    MD Security                      58  Corporate Security  Manager Corporate    Corporate Security    Mgr Security                     48                      Security                                   Compliance Ops  Corporate Security  Regulatory Security  Corporate Security    Physical                         36                      Coordinato                                 Security                                                         13    

 

                                                                                   Selected      Not Selected  Department (As of     Job Title (As of    Department (As of    Job Title (As of   (Ages as of     (Ages as of    Dec. 14, 2016)       Dec. 14, 2016)       Feb. 25, 2018)      Feb. 25, 2018)  Feb. 25, 2018)  Feb. 25, 2018)                                                                 Program Spec  Corporate Security  Fraud Analyst        Marketing             Fraud Analyst    38                 Corporate Security  Security             Marketing             Security         41                                     Investigative                              Investigative                      Manager                                    Manager  Executive           Executive Assistant  Executive             Executive        63                                     to CEO                                     Assistant to                                                                 CEO  Executive           SVP & CFO            Executive             President Virgin 48                                                                                America  Executive           VP, Controller       Executive             VP, Controller   47                 Executive           VP Rev Mgmt &        Planning              VP Revenue                       54                      Products                                   Management  Facilities          CRE Contract         Facilities            CRE Contract     64                                     Services Manager                           Services                                                                 Manager  Facilities          Director, Real       Facilities            MD CA Airport                    47                      Estate/Facs                                Real Estate  Finance             Accounts Payable     Finance               Accounts         47                                     Analyst                                    Payable Analyst  Finance             Director, Revenue    Finance               Director,                        53                      Accounting                                 Revenue                                                                 Accounting  Finance             Financial Plan &     Finance               Financial Plan & 37                                     Analy Manager                              Analy Manager  Finance             Guest Refunds Lead   Finance               Guest Refunds    36                                                                                Lead  Finance             Heavy Maint.         Finance               Heavy Maint.     70                                     Materials Supv                             Materials Supv  Finance             Junior Accountant    Finance               Junior           25                                     Analyst                                    Accountant                                                                 Analyst  Finance             Manager Accounts     Finance               Manager          37                                     Payable                                    Accounts                                                                 Payable  Finance             Materials Manager    Finance               Director SCM-                    46                                                                 Airbus                                                                 Operations  Finance             Mgr. Revenue Acct.   Finance               Mgr. Revenue     33                                                                                Acct.  Finance             Payroll Analyst -    Finance               Payroll Analyst - 57             48                      NonCrew                                    NonCrew  Finance             Sr Staff Accountant  Finance               Sr Staff         30                                                                                Accountant  Finance             Staff Accountant     Planning              Staff Accountant 39                 Finance             Heavy Materials      Tech Operations       Manager Heavy                    57                      Manager                                    Materials  Finance             Manager              Tech Operations       Manager          33, 39                                 Accounting                                 Accounting  Finance             Sr Staff Accountant  Tech Operations       Sr Staff         28, 33, 60                                                                        Accountant  Finance             Staff Accountant     Tech Operations       Staff Accountant 28                 Flight Operations   Assistant Chief Pilot Flight Operations    Director Base                    50                                                                 Chief Pilot  Flight Operations   Base Chief Pilot     Flight Operations     Director Base                    48, 49                                                                 Chief Pilot  Flight Operations   Crew Qualification   Flight Operations     Crew             37, 57                                 Specialist                                 Qualification                                                         14    

 

                                                                                   Selected      Not Selected  Department (As of     Job Title (As of    Department (As of    Job Title (As of   (Ages as of     (Ages as of    Dec. 14, 2016)       Dec. 14, 2016)       Feb. 25, 2018)      Feb. 25, 2018)  Feb. 25, 2018)  Feb. 25, 2018)                                                                 Specialist  Flight Operations   Crew                 Flight Operations     Flt Trn Resourse                 37                      Records/Training                           Pln Admstr                      Sch  Flight Operations   Director FO          Flight Operations     Director FO                      50                      Training                                   Training  Flight Operations   Director,Flight      Flight Operations     Director Fleet                   43                      Standards & QA                             Captain  Flight Operations   Executive Assistant  Flight Operations     Base                             39                                                                 Coordinator  Flight Operations   Flight Ops Engineer  Flight Operations     Flight Ops       52              26                                                                 Engineer  Flight Operations   Ground School        Flight Operations     Flt Courseware                   34, 55, 70                      Instructor                                 Dev & Instruct  Flight Operations   Ground Training &    Flight Operations     Flt Courseware                   32                      Systems Mgr                                Dev & Instruct  Flight Operations   Manager Flight       Flight Operations     Manager Flight   30                                     Efficiency                                 Efficiency  Flight Operations   Mgr Inst Sys Design  Flight Operations     Manager Flight                   46                      & Training                                 Operations Trai  Flight Operations   Mgr. Flight Ops      Flight Operations     Principal Flight                 55                      Engineering                                Ops Engineer  Flight Operations   Mgr. Tech Pubs.      Flight Operations     Mgr. Tech Pubs.  32                 Flight Operations   Standards Captain    Flight Operations     Line Pilots -                    43, 45, 50, 55                                                                 Captain  Flight Operations   Supv Pilot Crew      Flight Operations     Sr Flight                        47                      Records/Sched                              Training                                                                 Scheduler  Flight Operations   Technical Writer     Flight Operations     Technical Writer 32                 Flight Operations   Technical Data       Tech Operations       Engineering                      52                      Mgmt Spec 3                                Specialist II  Inflight            Cabin Safety &       Inflight              Cabin Safety &   45                                     Compliance Mgr                             Compliance Mgr  Inflight            Catering Operations  Inflight              Catering         32              52                      Analyst                                    Operations                                                                 Analyst  Inflight            Director, Inflight   Inflight              MD Inflight                      53                                                                 Operations  Inflight            Flight Attendant     Inflight              Inflight                         30                      Leader                                     Supervisor  Inflight            In-Flight Manager    Inflight              Inflight Base                    44, 45                                                                 Manager III  Inflight            In-Flight Manager    Inflight              Inflight Duty                    53                                                                 Manager  Inflight            InFlight Operational Inflight              Inflight                         40                      Lead Supv                                  Supervisor  Inflight            Inflight             Inflight              Inflight                         51                      Policy&Proc                                Policy&Proc                      Analyst                                    Analyst  Inflight            InFlight Supervisor  Inflight              Inflight                         39, 49, 50*, 61                                                                 Supervisor  Inflight            InFlight Supervisor  Inflight              Supervisor                       44                                                                 Inflght                                                                 Performance  Inflight            Mgr. Inflight        Inflight              Mgr. Inflight    61                                     Catering                                   Catering  Inflight            Project Manager,     Inflight              Project          41                                     InFlight                                   Manager,                                                         15    

 

                                                                                   Selected      Not Selected  Department (As of     Job Title (As of    Department (As of    Job Title (As of   (Ages as of     (Ages as of    Dec. 14, 2016)       Dec. 14, 2016)       Feb. 25, 2018)      Feb. 25, 2018)  Feb. 25, 2018)  Feb. 25, 2018)                                                                 InFlight  Inflight            Uniforms&Promoti     Inflight              Uniforms&Prom    31                                     ons Supervisor                             otions                                                                 Supervisor  IT                  Applications         IT                    Applications                     28, 37, 48                      Administrator                              Administrator  IT                  Bus Systems Partner  IT                    Manager IT                       57                      Manager                                    Applications  IT                  Data Scientist Corp. IT                    Sr Solutions                     32                      Analytics                                  Architect  IT                  Database Architect   IT                    Senior Database                  51                                                                 Administrator  IT                  Director IT          IT                    MD IT            41                                     Operations                                 Operations  IT                  IT Business          IT                    IT Business                      56                      Systems Analy                              Systems Analy  IT                  IT Business          IT                    Solutions                        34, 48                      Systems Analy                              Architect  IT                  IT Project Analyst   IT                    Sr Field Service                 40                                                                 Specialist  IT                  IT Support Tech      IT                    Field Services                   36, 44                      Analyst                                    Technician I  IT                  IT Support Tech      IT                    Field Services                   28, 38, 38, 54                      Analyst                                    Technician II  IT                  Jr. Windows          IT                    Enterprise                       39, 41                      Systems Admin                              Systems                                                                 Engineer II  IT                  Linux Systems        IT                    Enterprise                       51                      Administrator                              Systems                                                                 Engineer II  IT                  Manager IT           IT                    Manager IT                       41                      Technical Supp                             Field Services  IT                  Mgr. IT              IT                    Manager                          51                      Infrastructure &                           Compute                      Data                                       Platforms  IT                  Network Engineer     IT                    Network                          34                                                                 Engineer III  IT                  Network Engineer     IT                    Network                          38                                                                 Operations                                                                 Engineer II  IT                  Senior Security      IT                    Information                      47                      Engineer                                   Security Tools                                                                 Eng  IT                  Sr Applications      IT                    Sr Applications                  51                      Administrator                              Administrator  IT                  Sr. Linux Systems    IT                    Sr Enterprise                    38                      Engineer                                   Systems                                                                 Engineer  IT                  Sr. Telephony        IT                    Voice Network                    50                      Engineer                                   Engineer  IT                  Sr. Windows          IT                    Sr Enterprise                    30                      Systems Administra                         Systems                                                                 Engineer  IT                  Director, Software   Marketing             Director,        45                                     Engineering                                Software                                                                 Engineering  IT                  Jr. Software QA      Marketing             Jr. Software QA                  33                      Engineer                                   Engineer                                                         16    

 

                                                                                   Selected      Not Selected  Department (As of     Job Title (As of    Department (As of    Job Title (As of   (Ages as of     (Ages as of    Dec. 14, 2016)       Dec. 14, 2016)       Feb. 25, 2018)      Feb. 25, 2018)  Feb. 25, 2018)  Feb. 25, 2018)  IT                  Manager, Web         Marketing             Manager, Web                     40                      Technology & Test                          Technology &                                                                 Test  IT                  Mgr - Software       Marketing             Mgr - Software                   34                      Engineer                                   Engineer  IT                  QA Java Engineer     Marketing             QA Java                          29                                                                 Engineer  IT                  Sr. IT Architect     Marketing             Sr. IT Architect                 48  IT                  Sr. IT Web           Marketing             Sr. IT Web                       47                      Developer                                  Developer  IT                  Sr. Software Test    Marketing             Sr. Software                     32                      Engineer                                   Test Engineer  IT                  Mgr, MX Technical    Tech Operations       MC Duty                          49                      Projects                                   Manager  Marketing           Director,Guest       Marketing             Director,Guest   34                                     Loyalty                                    Loyalty  Marketing           Manager, Product     Marketing             Director                         53                      Development                                Onboard Brand                                                                 Exp  Marketing           Manager, Web         Marketing             Manager, Web     48                                     Development -Mktg                          Development -                                                                Mktg  Marketing           Marketing Writer     Marketing             Senior                           40                                                                 Copywriter  Marketing           Sr                   Marketing             Personalization                  28                      Analyst,Marketing                          Strategy Mgr                      Analytics  Marketing           Manager,             Operations Control    Sector Manager                   38*                      Maintenance          Center                      Planning  Operations Control  Crew Payroll         Flight Operations     Supervisor Crew                  37  Center              Supervisor                                 Pay  Operations Control  Crew Planning        Flight Operations     Crew Planner II                  32  Center              Analyst  Operations Control  Crew Resource        Flight Operations     Duty Mgr Pilot                   45  Center              Analyst                                    Crew                                                                 Scheduling  Operations Control  Lead Crew            Flight Operations     Tech Editor &                    34  Center              Scheduler                                  Pubs Specialist  Operations Control  Supervisor, Crew     Flight Operations     Flt Ops QA &                     35  Center              Pay & Support                              Sys Support                                                                 Anlys  Operations Control  CSS Supervisor       Operations Control    Mgr on Duty,     33                 Center                                   Center                Crew                                                                 Scheduling  Operations Control  Manager Dispatch     Operations Control    Manager          53                 Center                                   Center                Dispatch  Operations Control  Manager, OCC         Operations Control    Director System                  40  Center              Policies & Admin     Center                Operations  Operations Control  System Ops Center    Operations Control    System Ops       41, 44, 59, 65  40  Center              Manager              Center                Center Manager  Operations Control  Manager Pilot Crew   People                Manager, Labor   39                 Center              Scheduling                                 Relations  People              Corporate Learning   Airports & Guest      Supv                             47                      Dev. Instr           Services              Instructional                                                                 Design  People              InFlight Learning    Inflight              Flight Attendant                 52                      Instr II                                   Leader                                                         17    

 

                                                                                   Selected      Not Selected  Department (As of     Job Title (As of    Department (As of    Job Title (As of   (Ages as of     (Ages as of    Dec. 14, 2016)       Dec. 14, 2016)       Feb. 25, 2018)      Feb. 25, 2018)  Feb. 25, 2018)  Feb. 25, 2018)  People              Teammate&Commu       Marketing             Marketing                        40*                      nity Events Mgr                            Manager - Bay                                                                 Area  People              HR Operations        People                HR Operations    39                                     Manager                                    Manager  People              Leave of Absence     People                Leave of         29                                     Specialist                                 Absence                                                                 Specialist  People              LMS and Analytics    People                LMS and          33                                     Analyst                                    Analytics                                                                 Analyst  People              Manager Benefits     People                Manager          36                                     and Wellness                               Benefits and                                                                 Wellness  People              Manager, Leave       People                HR Business                      36                      Administration                             Partner  People              Manager, TM          People                Manager, TM      48                                     Relations Programs                         Relations                                                                 Programs  People              Mgr Learning Ops     People                Manager                          45                      & Delivery                                 Training                                                                 Delivery  People              Mgr. Travel &        People                Mgr. Travel &    60                                     Accomodations                              Accomodations  People              Ramp Instructor II   People                Training                         37, 55                                                                 Delivery                                                                 Specialist  People              Recruitment          People                Recruiter                        28                      Coordinator  People              Recruitment          People                Recruitment                      42                      Coordinator                                Coordinator  People              Supv. GS & CC        People                Manager, GS &    31                                     Learning                                   CC Learning  People              Talent Acquisition   People                Senior Recruiter                 49, 54                      Manager  People              Team Travel          People                Team Travel      28                                     Specialist                                 Specialist  People              Workers Comp         People                Sr                               31                      Program Manager                            Leave&Disabilit                                                                y Admnstrtr  Planning            National Acct Mgr    Legal & Gov't Affairs Gen Mgr Sales                    47                      (Corp)                                     & Cmmnty                                                                 Mktg  Planning            Sales & Distribution Legal & Gov't Affairs Community                        44                      Analyst                                    Relations                                                                 Specialist  Planning            National Acct Mgr    Planning              Sales &                          41, 53                      (Corp)                                     Community                                                                 Mktng Mgr  Planning            Sr Analyst -         Planning              Sr Schedule                      34                      Schedule Planning                          Planning                                                                 Analyst  Planning            Sr Analyst- Price    Planning              Mgr. Revenue     36                                    and Rev Mgt                                Acct.  Planning            Sr Analyst- Price    Planning              Sr Pricing                       33                      and Rev Mgt                                Analyst  Planning            Sr Analyst- Price    Planning              Yield Mgmt                       35                      and Rev Mgt                                Analyst II                                                         18    

 

                                                                                   Selected      Not Selected  Department (As of     Job Title (As of    Department (As of    Job Title (As of   (Ages as of     (Ages as of    Dec. 14, 2016)       Dec. 14, 2016)       Feb. 25, 2018)      Feb. 25, 2018)  Feb. 25, 2018)  Feb. 25, 2018)  Safety              ASAP Safety          Safety                Safety Mgmt                      36                      Manager                                    System ASAP                                                                 Mgr  Safety              Emergency            Safety                Emergency        49                                     Prepardedness Mgr.                         Prepardedness                                                                 Mgr.  Safety              FOQA Data Safety     Safety                FOQA Data        33                                     Analyst                                    Safety Analyst  Sales               CC-QA Policy &       Airports & Guest      CC-QA Policy     29                                     Procedure Spec       Services              & Procedure                                                                 Spec  Sales               Contact Ctr Systems  Marketing             Call Center                      50*                      Admin                                      Technology                                                                 Spclst  Sales               eCommerce            Marketing             eCommerce                        34                      Specialist                                 Specialist  Sales               Reservation          Marketing             Reservation      43                                     Systems Manager                            Systems                                                                 Manager  Sales               Sr. Reservation      Marketing             Sr. Reservation  33, 39                                 Systems Analys                             Systems Analys  Sales               Contact Center       Sales                 Contact Center   53                                     Strategy Mgr                               Strategy Mgr  Sales               Executive Sales      Sales                 Executive Sales  51                                     Support Spec                               Support Spec  Sales               Lead Reservations    Sales                 Lead                             50, 67                      Sales Agent                                Reservations                                                                 Sales Agent  Sales               Manager Agency       Sales                 Manager          49                                     Distribution                               Agency                                                                 Distribution  Sales               Sr. Reservation      Sales                 Sr. Reservation  34                                     Systems Analys                             Systems Analys  Tech Operations     Maintenance          Flight Operations     MEL/CDL                          34                      Analyst Planner                            Program                                                                 Manager  Tech Operations     Administrative       Tech Operations       Line                             42                      Assistant                                  Maintenance                                                                 Coordinator  Tech Operations     Airworthiness        Tech Operations       Airworthiness                    32                      Directive Coord                            Directive Coord  Tech Operations     Airworthiness        Tech Operations       Airworthiness                    38                      Directive Coord                            Directve Analyst  Tech Operations     Business Process     Tech Operations       Sr Business                      63                      Manager                                    Process Analyst  Tech Operations     CASS Manager         Tech Operations       Manager Quality                  48                                                                 Assurance  Tech Operations     Dir Cabin Sys Proj   Tech Operations       MD Cabin                         37                      Eng & PD                                   Systems & Prod                                                                 Design  Tech Operations     Director of MCC &    Tech Operations       MD MCC &                         55                      Line Mainten                               Line                                                                 Maintenance  Tech Operations     Director, Chief      Tech Operations       Director Chief                   55                      Engineer                                   Engineer  Tech Operations     Engine Records       Tech Operations       Aircraft Records                 58                      Analyst                                    Analyst II  Tech Operations     General Manager      Tech Operations       General                          54                                                         19    

 

                                                                                   Selected      Not Selected  Department (As of     Job Title (As of    Department (As of    Job Title (As of   (Ages as of     (Ages as of    Dec. 14, 2016)       Dec. 14, 2016)       Feb. 25, 2018)      Feb. 25, 2018)  Feb. 25, 2018)  Feb. 25, 2018)                      Heavy MX                                   Manager Heavy                                                                 MX  Tech Operations     IFE Engineer         Tech Operations       Project Engineer                 33, 34                                                                 II  Tech Operations     Interiors Project    Tech Operations       Project Engineer                 41                      Engineer                                   II  Tech Operations     Lead Maintenance     Tech Operations       Line                             41                      Technician                                 Maintenance                                                                 Supv  Tech Operations     Lead Maintenance     Tech Operations       Maintenance                      37                      Technician                                 Controller  Tech Operations     Line Maintenance     Tech Operations       Maintenance                      45                      Manager                                    Controller  Tech Operations     Line Maintenance     Tech Operations       Manager, Line                    39, 54, 56, 57                      Manager                                    Maintenance  Tech Operations     Line Maintenance     Tech Operations       Maintenance                      55                      Supv                                       Controller  Tech Operations     Line Maintenance     Tech Operations       Supervisor Line                  30, 35, 39, 47,                      Supv                                       Maintenance                      51, 53, 53, 55,                                                                                                  55, 55, 62  Tech Operations     Maintenance          Tech Operations       Maintenance      60, 62          31, 34, 38, 43,                      Analyst Planner                            Analyst Planner                  52, 57, 60  Tech Operations     Maintenance          Tech Operations       Maintenance                      49, 62                      Controller                                 Control Duty                                                                 Mgr  Tech Operations     Maintenance          Tech Operations       Maintenance                      38, 39, 53, 54,                      Controller                                 Controller                       58, 58, 64  Tech Operations     Maintenance          Tech Operations       Sr Engineering                   55                      Program Analyst                            Specialist  Tech Operations     Maintenance          Tech Operations       Engineer II                      58                      Program Engineer  Tech Operations     Maintenance          Tech Operations       Maintenance                      51                      Technician DAL                             Controller  Tech Operations     Maintenance          Tech Operations       Technical                        63                      Training Instr.                            Training                                                                 Instructor  Tech Operations     Manager Avionics     Tech Operations       Manager                          33                      Engineer                                   Engineering  Tech Operations     Manager              Tech Operations       Airframe                         44                      Component Shops                            Vendor Maint                                                                 Rep  Tech Operations     Manager, Aircraft    Tech Operations       Manager,                         47                      Records                                    Aircraft Records  Tech Operations     Manager,Reliability  Tech Operations       Mgr AD/CFR                       50                      &MaintProg                                 Aircraft Info Sys  Tech Operations     MC Duty Manager      Tech Operations       Maintenance                      45                                                                 Controller  Tech Operations     MC Duty Manager      Tech Operations       MC Duty                          40, 41, 55                                                                 Manager  Tech Operations     MEL Engineer         Tech Operations       Engineer II                      56  Tech Operations     Mgr, Maintenance     Tech Operations       Mgr,                             56                      Control Ctr                                Maintenance                                                                 Control Ctr  Tech Operations     Mgr. Interiors &     Tech Operations       Manager Project                  55                      Systems Engin                              Engineering  Tech Operations     Mgr.TO Training      Tech Operations       Manager                          61                                                                 Technical                                                                 Training M&E                                                         20    

 

                                                                                   Selected      Not Selected  Department (As of     Job Title (As of    Department (As of    Job Title (As of   (Ages as of     (Ages as of    Dec. 14, 2016)       Dec. 14, 2016)       Feb. 25, 2018)      Feb. 25, 2018)  Feb. 25, 2018)  Feb. 25, 2018)  Tech Operations     New Aircraft         Tech Operations       Aircraft Records                 35                      Analyst                                    Analyst II  Tech Operations     Powerplant           Tech Operations       Senior Engineer                  38                      Engineer  Tech Operations     Project Engineering  Tech Operations       Manager Project                  38                      Manager                                    Engineering  Tech Operations     Project Engineering  Tech Operations       Project Engineer                 30                      Manager                                    II  Tech Operations     Project Manager,     Tech Operations       Project Manager                  56                      Ops Projects                               III  Tech Operations     Quality Rep          Tech Operations       Compliance                       63                                                                 Specialist  Tech Operations     Quality Rep          Tech Operations       Sr Quality                       33, 49, 50, 50,                                                                 Assurance                        56, 58, 58, 60,                                                                 Auditor                          65  Tech Operations     Records Analyst II   Tech Operations       Aircraft Records                 34, 43, 50, 54,                                                                 Analyst II                       56, 58, 62  Tech Operations     Reliability Analyst  Tech Operations       Engineering                      27                                                                 Specialist I  Tech Operations     Reliability Analyst  Tech Operations       Engineering                      31                                                                 Specialist II  Tech Operations     Senior Records       Tech Operations       Sr Aircraft                      35                      Analyst                                    Records Analyst  Tech Operations     Systems Engineer     Tech Operations       Engineer II                      30  Tech Operations     Tech Operations      Tech Operations       Airframe                         48, 57                      Supervisor                                 Vendor Maint                                                                 Rep  Tech Operations     Tech Operations      Tech Operations       Maintenance                      32                      Supervisor                                 Technician LAX                                                                 JFK  Tech Operations     Technical Data       Tech Operations       Sr Engineering                   49                      Mgmt Analyst                               Specialist  Tech Operations     Technical Instructor Tech Operations       Technical                        50, 59, 63                                                                 Training                                                                 Instructor  Tech Operations     Tooling              Tech Operations       Tooling                          40, 64                      Maintenance                                Coordinator                      Coordinato  Tech Operations     Training             Tech Operations       M&E Train                        33                      Coordinator                                Content                                                                 Developer         INFORMATION AND ELIGIBILITY CRITERIA NOTICE PURSUANT TO THE   OLDER WORKERS BENEFIT PROTECTION ACT DISCLOSURE UNDER TITLE 29                                    U.S. CODE SECTION 626(f)(1)(H)                               DISCLOSURE STATEMENT -- JUNE 2, 2017   Pursuant to the Older Workers Benefits Protection Act, this is a list of the job titles and ages (as  of the dates shown in the chart below) of Virgin America Inc. employees, except those who are  part of a collective bargaining unit, who were selected and not selected for involuntary  termination or position elimination and initial severance eligibility as of the dates shown in the  chart below.  Employees were selected based on position and responsibilities, in light of  projected overlap and anticipated needs given the Alaska Air Group, Inc. purchase of Virgin                                                         21    

 

America Inc.  Employees listed as “Selected” are eligible for severance based on the criteria in  the Virgin America Inc. change-in-control severance plans.  Employee terminations began  occurring following the close of the transaction on December 14, 2016, and are scheduled to  proceed for approximately twenty-five (25) months thereafter.   Employees listed as “Not Selected” have been offered roles in the combined Virgin America  Inc.-Alaska Airlines, Inc. organization and are ineligible for severance, unless otherwise further  explained with an asterisk. Employees listed as “Not Selected” and denoted with an asterisk  (“*”) were given a job offer in the combined Virgin America Inc.-Alaska Airlines, Inc., declined  that offer, and it is unknown as of the date of this disclosure whether or when they will be  selected for employment termination. Employees listed for the March 10, 2017 and June 2, 2017  selections indicated with a caret (^) experienced a job title change, and thus are listed under a  different job title as of December 14, 2016.                                December 14, 2016         March 10, 2017            June 2, 2017           Job Title          Selected   Not Selected  Selected  Not Selected  Selected  Not Selected                                       Airports & Guest Services  Administrative Assistant   51        60            51         60            51        61  Continuous Improvement               29                       29                      29  Rep  Director Airport Ops & Gst 55, 57                  56, 57                   56, 58       Ser  DOT Compliance Analyst               38                       38                         Executive Assistant        29                      29                                    GS and Baggage Ops Supv    30                      31                       31           GS Policy & Procedures Spec 26                     27                       27           Guest Relations Agent                22, 25, 30*,             22, 26, 30*,            23, 26, 33,                                       32, 34*, 43*,            33, 34*, 43*,           34*, 44*, 60,                                       60, 61                   60, 61                  61  Guest Relations Specialist 29        31*, 32*, 34, 29         32*, 32*, 34, 29        32*, 33*, 34,                                       41, 42*, 51,             41, 43*, 51,            41, 43*, 51,                                       54*, 60, 61*             54*, 60, 61*            55*, 61*, 61  Guest Relations Supervisor           28, 31                   29, 32                  29, 32  Guest Services Manager               45, 46                   45, 46                  45, 47  GuestRelations Insight               33*                      34*                     34*  Analyst  Manager, Guest Relations             46                       46                      46  Manager, OCC GS Support    59                      59                       60           Manager, Policies &        47                      47                       47           Procedures  Mgr, Continuous                      49                       50                      50  Improvement  OCC Guest Services         33, 33,   32            33, 33,    33            33, 34,   33  Supervisor                 33, 34                  33, 34                   34, 34  Ramp Operations Mgr I      48                      48                                    Ramp Operations Mgr II               34, 41                   34, 41                  34, 41  Ramp Operations Supervisor           27, 27, 28,              27, 27, 29,             27, 27, 29,                                       29, 30, 31,              29, 30, 31,             29, 30, 31,                                       32, 32, 38,              32, 33, 38,             32, 33, 38,                                       38, 43, 48,              38, 43, 48,             38, 44, 49,                                       54, 65                   54, 65                  55, 66                                                  22    

 

                             December 14, 2016         March 10, 2017            June 2, 2017           Job Title          Selected   Not Selected  Selected  Not Selected  Selected  Not Selected  Ramp Safety & Ops          32, 51                  32, 52                   32           Specialist  Station Concierge Supervisor 35                    35                                    Station Director           57        45            57         45            57        45  Station Manager III        38        35, 50        38         36, 50        38        36, 50  Station Manager Level I    64                      64                       64           Station Manager Level II   42, 49,   25, 35, 37,   43, 49,    25, 35, 37,   43, 49,   26, 35, 38,                             58, 59    39, 40, 41,   59, 59     39, 40, 41,   59, 59    40, 40, 42,                                       44, 44, 53, 58           44, 44, 53, 58          45, 45, 53,                                                                                        58  Supv, Procedures and Process 32      47            33         47            33        47  Supv. Airport Gst Svcs II  27, 28,   28, 29, 30,   27, 28,    28, 29, 31,   27, 28,   28, 31, 33,                             31, 34,   32, 34, 44, 47 31, 34,   32, 34, 44, 47 32, 34,  34, 44, 48                             34, 35,                 34, 35,                  34, 36,                             36, 40,                 36, 40,                  36, 41,                             41, 42,                 42, 42,                  42, 42,                             42, 43,                 42, 43,                  42, 44,                             44, 46,                 44, 46,                  45, 47,                             50                      50                       51  Supv. Airport Gst Svcs. I  26, 27,   25, 28, 28,   26, 27,    26, 29, 29,   27, 28,   26, 26, 29,                             27, 28,   30, 34, 34,   28, 28,    30, 34, 34,   28, 30,   29, 31, 34,                             30, 30,   36, 41, 42,   30, 30,    36, 41, 43,   30, 30,   35, 36, 41,                             30, 31,   43, 43, 48,   30, 31,    43, 43, 48,   31, 34,   43, 43, 43,                             31, 34,   50, 55        31, 34,    51, 55        40, 40,   49, 51, 55                             39, 39,                 39, 40,                  41, 42,                             41, 41,                 41, 41,                  42, 50,                             41, 50,                 42, 50,                  52                             51, 57                  51, 57                                          Corporate Security  Director Security                    57                                                  Fraud Analyst              37                      37                       37           Manager Corporate Security           47                       47                      48  MD Safety & Security                                          57^                     57^  Regulatory Security                  35                       35                      35  Coordinator  Security Investigative     39                      40                       40           Manager                                              Executive  CEO & President            56                                                            Chief Marketing Officer    54                                                            Chief Operating Officer    60                                                            Executive Assistant to CEO 62                      62                       62           President Virgin America                           47^                      47^          SVP & CFO                  47                                                            SVP General Counsel        60                                                            SVP People & Inflight      64                                                            SVP Planning/Sales/Rev.    57                                                            Mgmt.  SVP Technical Operations   52                                                            VP Rev Mgmt & Products               52                                                                                                  23    

 

                             December 14, 2016         March 10, 2017            June 2, 2017           Job Title          Selected   Not Selected  Selected  Not Selected  Selected  Not Selected  VP Treasurer               52                                                            VP, Branding &             41                      41                       41           Communications  VP, Controller             46                      46                       46           VP, Flight Operations      61                      61                       61           VP/Chief Technology Officer 47                                                                                                       Facilities  CRE Contract Services      63                      63                       64           Manager  Director, Real Estate/Facs           46                                                  Manager Airline Facilities           34*           34                       34           MD CA Airport Real Estate                                     46^                     47^                                               Finance  Accounts Payable Analyst   26, 36,                 26, 36,                  26, 36,                                 46                      46                       46  Aircraft and Lease Manager 48                      48                       49           Banking Operations Manager 48                      49                                    Buyer Analyst              33                      33                                    Catering Procurement Mgr   38                      38                       38           Contract Administration Mgr. 39                    39                                    Director Financial Planning 41, 41                                                       Director Internal Audit    38                                                            Director Procurement       49                                                            Director SCM-Airbus                                           45^                     45^  Operations  Director, Assistant Controller 43                  43                       43           Director, Ex Report/Tech   43                                                            Acct  Director, Investor Relations 37                                                          Director, Revenue                    52                       52                      52  Accounting  Div. Finance Mgr II        34                      34                       34           Executive Assistant        39                      39                                    Financial Plan & Analy     27, 33,                 28, 33^,                 33^, 36,     Manager                    35, 47                  36, 47                   47  Guest Refunds Lead         35                      35                       36           Heavy Maint. Materials Supv          69                       69                      70  Heavy Materials Manager              55                       56                      56  Junior Accountant Analyst  24, 35                  24, 36                   24, 36       Manager Accounting         29, 32,                 29, 32,                  29, 33,                                 38                      38                       38  Manager Accounts Payable   36                      36                       36           Manager Payroll                      48                       48                      48  Materials Manager                    45                                                  MD Financial Planning                              41^                      41^          MD Procurement                                     49^                      49^          Mgr. Revenue Acct.         32                      33                       33, 35^      Payroll Analyst - NonCrew  56        46            56         47                      47, 56                                                  24    

 

                             December 14, 2016         March 10, 2017            June 2, 2017           Job Title          Selected   Not Selected  Selected  Not Selected  Selected  Not Selected  Revenue Accounting Analyst 45                      45                       45           Sr Staff Accountant        26, 27,                 27, 28,                  27, 29,                                 29, 29,                 29, 29,                  33, 59                             32, 58                  32, 59  Sr. Technical Accountant   33                                                            Staff Accountant           27, 30,                 27, 38                   27, 38                                  38                                          Flight Operations  Assistant Chief Pilot                49                                                  Base Chief Pilot           47        40, 47        47         40, 48        48        41, 48  Brand&Communication        27                      27                       27           Specialist  Crew Qualification Specialist 36, 56               36, 56                   37, 56       Crew Records/Training Sch            36                       36                      37  Director FO Training                 49                       49                      49  Director, Operations                                          46^                     47^  Director, System Chief Pilot         46                                                  Director,Flight Standards &          41                       42                      42  QA  Executive Assistant                  38                       38                      39  Flight Operations Auditor  51                      51                       52           Flight Operations Project  32                      32                       32           Mgr.  Flight Ops Engineer        51                      51         25            51        26  Ground School Instructor             33, 54, 69               33, 54, 69              33, 54, 69  Ground Training & Systems            31                       31                      31  Mgr  Manager Flight Efficiency  29                      29                       29           Mgr Flight Ops Training    40                      41                       41           Mgr Inst Sys Design &                45                       45                      45  Training  Mgr. Flight Ops Engineering          53                       54                      54  Mgr. Flight Technical      54                      55                       55           Mgr. Tech Pubs.            31                      31                       31           Program Mgr, Corporate     32                                                            Process  Standards Captain                    41, 44, 49, 54           42, 44, 49, 54          42, 44, 49,                                                                                        55  Supv Pilot Crew                      46                       46                      46  Records/Sched  System Chief Pilot                                            49^                     49^  Technical Data Mgmt        26                      26                       26           Analyst  Technical Data Mgmt Spec 2 41, 42                  41, 42                   41, 42       Technical Data Mgmt Spec 3 31, 51                  31, 51                   32, 51       Technical Writer           31                      31                       31                                                        Inflight  Administrative Assistant             27                       27                      28                                                  25    

 

                             December 14, 2016         March 10, 2017            June 2, 2017           Job Title          Selected   Not Selected  Selected  Not Selected  Selected  Not Selected  Cabin Safety & Compliance  44                      44                       45           Mgr  Catering Operations Analyst          31, 51                   31, 51                  31, 51  Director, Inflight                   52                                                  InFlight Guest Experience  57                      57                       57           Mgr  In-Flight Manager                    42, 43                   43, 44                  43, 44  InFlight Operational Lead  38        39            38         39            38        39  Supv  InFlight Operations Manager          52                       52                      53  Inflight Policy&Proc Analyst         50                       50                      50  InFlight Supervisor        39, 49,   28, 38, 43,   39, 49,    28, 38, 43,   39, 49,   29, 38, 43,                             56, 64    48, 60        57, 65     48, 60        65        48, 60  MD, VX InFlight                                               52^                     52^  Mgr, InFlight              31                                                            Communications  Mgr. Inflight Catering     60                      60                       61           Project Manager, InFlight  40                      40                       40           Uniforms&Promotions        30                      30                       31           Supervisor                                                 IT  Applications Administrator           27, 35, 47               27, 36, 47              28, 36, 48  Bus Systems Partner                  55                       56                      56  Manager  Data Scientist Corp.                 31                       31                      32  Analytics  Database Architect                   50                       50                      50  Dir,Integration Project Mgmt                       36^                      36^          Director IT Operations     40                                                            Director, Software         44                      44                       44           Engineering  IT Business Systems Analy            33, 46, 55, 56           33, 47, 55, 57          34, 47, 55  IT Network Manager                   46                       47                      47  IT Project Analyst                   39                       39                      39  IT Support Tech Analyst              27, 35, 37,              27, 35, 37,             27, 35, 37,                                       37, 42, 53               37, 43, 53              38, 43, 54  Jr. Software QA Engineer             32                       32                      32  Jr. Windows Systems Admin            38, 39                   38, 40                  39, 40  Linux Systems Administrator          49                       50                      50  Manager IT Technical Supp            39                       40                      40  Manager, Web Technology &            39                       39                      39  Test  MD IT Operations                                   40^                      40^          Mgr - Software Engineer              32                       33                      33  Mgr. IT Infrastructure & Data        50                       50                      50  Network Engineer                     33, 37                   33, 37                  33, 37  Program Project Mgr.       36                                                            QA Java Engineer                     28                       28                      28  Senior Security Engineer             45                       46                      46                                                  26    

 

                             December 14, 2016         March 10, 2017            June 2, 2017           Job Title          Selected   Not Selected  Selected  Not Selected  Selected  Not Selected  Sr Applications                      50                       50                      51  Administrator  Sr Network Engineer                  47                       48                      48  Sr. IT Architect                     47                       47                      47  Sr. IT Web Developer                 46                       46                      47  Sr. Linux Systems Engineer           37, 45                   37, 46                  37, 46  Sr. Software Test Engineer           31                       31                      32  Sr. Telephony Engineer               48                       49                      49  Sr. Windows Systems                  29, 31                   29, 32                  30, 32  Administra                                        Legal & Gov't Affairs  Director&Assoc General     34, 38                  35, 38                   35, 39       Counsel  Director&Deputy            47                      48                       48           GeneralCounsel  Paralegal (Contracts Adm)  60                      60                       61                                                      Marketing  Co-Brand Prgm Lead,                                35^                      36^          Marketing  Corp Comm Manager          34                      34                       34           Design Director Manager    38                      38                                    Digital Graphic Designer   30                      30                                    Digital Marketing Manager  49                      50                       50           Digital Promotions Manager 55                      55                                    Director Corporate Commun  31                                                            Director Digital Marketing 38                      38                                    Head of Brand Creative     40                      40                       40           Head of Public Relations   40                      40                       41           IFE Content & Partnership  41                      41                       41           Mgr  Interim Director,Guest                             33^                      33^          Loyalty  Jr. Designer               27                      28                       28           Manager - Brand Marketing  33, 42                  33, 42                   33           Manager, Media Relations   27                      27                       27           Manager, Product                     51                       52                         Development  Manager, Web Development   47                      47                       47           -Mktg  Marketing Coordinator      30                      30                       31           Marketing Web Developer    30, 38                  30, 38                   30, 38       Marketing Writer                     39                       39                      39  Mgr Non-Airline Partnerships 40                    40                                    Senior Advisor             47                      47                       48           Social Media Community     29                      29                       29           Analyst  Social Media Manager       43                      43                       43           Sr Analyst Co-Brand        35                                                            Marketing                                                  27    

 

                             December 14, 2016         March 10, 2017            June 2, 2017           Job Title          Selected   Not Selected  Selected  Not Selected  Selected  Not Selected  Sr Analyst,Marketing       31        27            31                                    Analytics  Sr Loyalty Analyst                   34*           34                                                                        Operations Control Center  Crew Payroll Supervisor              35                       36                      36  Crew Planning Analyst      31                      31                       31           Crew Planning Mgr.         63                      63                       63           Crew Resource Analyst                43                       44                      44  CSS Supervisor             30, 32                  31, 32                   31, 32       Director – OCC             60                                                            Director, Crew Resources   60                      60                       60           Manager Dispatch           52                      52                       52           Manager Pilot Crew         38                      38                       38           Scheduling  Manager, OCC Policies &              39                       39                      39  Admin  MD, OCC                                            60^                      61^          Mgr,ITM                    31                      32                                    CrewScheduling/Fcsting  Supervisor, Crew Pay &               34                       34                      34  Support  System Ops Center Manager  40, 43,   39            40, 43,    39            40, 43,   40                             58, 63                  58, 64                   58, 64                                               People  Comp & Benefits Analyst    28                      28                       28           Compensation Manager       34                      35                                    Corp Learning Logistics    25                      25                       25           Supv  Corporate Learning Dev.              46                       46                      46  Instr  Director Compensation &    39                                                            Ben  Director Corporate Learning 49                                                           Director, People           39                                                            Director, Teammate         43                                                            Relations  Drug & Alcohol Specialist  36                      36                       36           Executive Assistant        32                      33                                    GS Instructor I                      29                       29                      29  GS Learning Instructor II  33        27*           33         27*           33           HR Business Partner        38, 38                  38                       39           HR Operations Manager      38                      38                       39           InFlight Learning Exp Supv           33                       33                      33  InFlight Learning Instr II 43, 51                  43, 51                   43, 51       Learning Technologies      35                      35                       35           Designer  Leave of Absence Specialist 27                     28                       28           LMS and Analytics Analyst  31                      32                       32                                                           28    

 

                             December 14, 2016         March 10, 2017            June 2, 2017           Job Title          Selected   Not Selected  Selected  Not Selected  Selected  Not Selected  Manager Benefits and       35                      35                       35           Wellness  Manager Leadership         61                      61                                    Development  Manager Recruitment        43                      43                       44           Manager, GS & CC Learning                          30^                      30^          Manager, Leave                       35                       35                      36  Administration  Manager, Teammate          40                      40                       40           Experience  Manager, TM Relations      47                      47                       48           Programs  MD Corporate Learning                              49^                      50^          MD, VX People                                      39^                      39^          Mgr Learning Ops &                   44                                                  Delivery  Mgr, Learning Design &               35                                                  Tech  Mgr. Drug/Alcohol Program  44                      44                       44           Mgr. Travel &              59                      59                       60           Accomodations  Ramp Instructor II                   36, 54                   36, 54                  36, 55  Recruiter                            31                       32                      32  Recruitment Coordinator              27, 36, 41, 48           27, 36, 41, 48          28, 37, 41,                                                                                        49  Supervisor Ramp Learning   46                      46                       47           Supv. GS & CC Learning     30                                                            Talent Acquisition Manager           48, 53, 58               48, 53, 58              48, 53, 58  Team Travel Specialist     27                      27                       28           Teammate Communication     30                                                            Spec  Teammate Experience Guru   54                      54                       55           Teammate Experience                                29^                      29^          Specialist  Teammate Relations - JD    33                      33                                    Teammate&Community         39                      39                       40           Events Mgr  Workers Comp Program                 30                       30                      31  Manager                                              Planning  Ancillary Revenue Manager            26                       26                         Commercial Project         29                                                            Specialist  Director Network Planning  37                      37                       38           Director of Sales          51                      52                       52           National Acct Mgr (Corp)             40, 41, 46, 52           40, 42, 46, 52          40, 42, 46,                                                                                        52  Network Planning Manager             34                                                  Pricing Manager            38                      38                                                                                    29    

 

                             December 14, 2016         March 10, 2017            June 2, 2017           Job Title          Selected   Not Selected  Selected  Not Selected  Selected  Not Selected  Revenue Planning&Inventory           34                                                  Mgr  Revenue Strategy Manager   36                                                            Sales & Distribution Analyst         43                       43                      43  Sr Analyst - Schedule                33                       33                         Planning  Sr Analyst- Price and Rev  28, 29,   31*, 32, 33,  28, 29,    31*, 41*      28, 29,      Mgt                        32        35*, 40*      35                       31, 41                                               Safety  ASAP Safety Manager                  35                       36                      36  Director of Safety         59                                                            Emergency Prepardedness    48                      48                       48           Mgr.  FOQA Data Safety Analyst   31                      32                       32           FOQA Program Manager       33                      33                                    Ground Safety Manager                48                       48                         SIMS & IEP Manager         34                      34                                                                                  Sales  Call Center Supervisor     32                      32                                    CC-QA Policy & Procedure   28                      28                       29           Spec  Contact Center Strategy Mgr 52                     52                       52           Contact Ctr Systems Admin  49                      50                       50           Director, Distribution     44                                                            eCommerce Specialist                 33                       33                      34  Elevate Call Center Specialist 29                  30                       30           Executive Sales Support Spec 49                    50                       50           Manager Agency Distribution 48                     48                       48           MD Virgin America                                  45^                      45^          Integration  Reservation Systems        42                      42                       42           Manager  Sr. Analyst Distribution   38                      38                       38           Analy  Sr. Analyst, Sales Distributio 27                  27                                    Sr. Reservation Systems    32, 33,                 32, 34,                  32, 34,      Analys                     38                      38                       38                                           Tech Operations  Administrative Assistant             41                       42                      42  Airworthiness Direcive               37                       37                      32, 37  Coordin  Business Process Manager             62                       62                      62  CASS Manager                         47                       47                      47  Chief Engineer                       54                       54                      54  Dir Cabin Sys Proj Eng & PD          35                                                  Dir. Chief Insp QA/Traing  65                      65                                    Director of Base MX &      56                                                            Planning  Director of Engineering    48                                                                                                            30    

 

                             December 14, 2016         March 10, 2017            June 2, 2017           Job Title          Selected   Not Selected  Selected  Not Selected  Selected  Not Selected  Director of MCC & Line               54                                                  Mainten  Engine Records Analyst               56                       57                      57  ETOPS Program Manager      55                      55                       55           General Manager Heavy MX             53                       53                      53  IFE Engineer                         31, 32                   32, 33                  32, 34  Interiors Engineer                   40                       41                      41  Interiors Project Engineer           37                       37                      37  Line Maintenance Manager             38, 44, 53,              38, 44, 53,             39, 45, 54,                                       55, 56                   55, 56                  56, 56  Line Maintenance Supv                29, 34, 38,              29, 34, 39,             29, 34, 39,                                       46, 50, 51,              46, 50, 51,             46, 50, 52,                                       51, 52, 53,              52, 52, 54,             53, 54, 54,                                       54, 54, 54,              54, 54, 54, 61          55, 55, 62                                       54, 61  Maintenance Analyst Planner 46, 58,  33, 37, 56, 59 46, 59,   33, 33, 37,   59, 61    33, 33, 38,                             61                      61         56, 59                  56, 59  Maintenance Controller               37, 38, 38,              37, 38, 39,             37, 39, 48,                                       41, 48, 52,              41, 48, 52,             52, 54, 57,                                       53, 56, 57,              53, 57, 57,             57, 61, 63                                       61, 63                   61, 63  Maintenance Program                                           54^                     54^  Analyst  Maintenance Program                  57                       57                      57  Engineer  Maintenance Training Instr.          60, 62                   62                      62, 68  Manager Avionics Engineer            32                       32                      32  Manager Component Shops              43                       43                      44  Manager, Aircraft Records            46                       46                      47  Manager, Maintenance       36, 43                  37, 43                   37, 44       Planning  Manager,Reliability&MaintP           38, 49                   38, 49                  50  rog  MC Duty Manager            39        39, 44, 53    40         39, 44, 54    40        40, 44, 54  MD MCC & Line                                                 54^                     54^  Maintenance  MEL Engineer                         55                       55                      56  Mgr, Maintenance Control             55                       55                      55  Ctr  Mgr, MX Technical Projects           48                       49                      49  Mgr. Interiors & Systems             54                       54                      54  Engin  Mgr.TO Training                      59                       60                      60  New Aircraft Analyst                 34                       34                      34  Powerplant Engineer                  37                       38                      38  Project Engineering Manager                                   29                      29  Project Manager, Ops                 55                       55                      55  Projects                                                   31    

 

                             December 14, 2016         March 10, 2017            June 2, 2017           Job Title          Selected   Not Selected  Selected  Not Selected  Selected  Not Selected  Quality Rep                62        31, 48, 49,   62         32, 48, 49,   63        32, 49, 49,                                       49, 49, 55,              49, 49, 55,             50, 56, 57,                                       56, 56, 59,              57, 57, 59,             57, 60, 60,                                       59, 64                   59, 64                  64  Records Analyst II                   33, 42, 49,              33, 42, 49,             33, 42, 49,                                       53, 55, 57, 61           53, 55, 57, 61          53, 56, 57,                                                                                        62  Reliability Analst                   29, 54                   30                      26, 30  Senior Records Analyst               34                       35                      35  Structures Engineer                  44                       44                      39  Systems Engineer                     29                       30                      30  Tech Operations Supervisor           31, 42, 47,              31, 42, 47,             31, 43, 47,                                       54, 56                   55, 56                  55, 57  Technical Data Mgmt                  48                       48                      48  Analyst  Technical Instructor                 49, 58, 62               49, 58, 62              49, 58, 62  Tooling Maintenance                  39, 63                   39, 63                  39, 63  Coordinato  Training Coordinator                 32                       32                      32  Trax Systems Manager       32                      32                       32                                                                           32Exhibit

EXHIBIT 10.1

ATLANTIC CAPITAL BANCSHARES, INC.
2015 STOCK INCENTIVE PLAN
(AS AMENDED AND RESTATED EFFECTIVE MAY 16, 2018)

ATLANTIC CAPITAL BANCSHARES, INC.
2015 STOCK INCENTIVE PLAN
(AS AMENDED AND RESTATED EFFECTIVE MAY 16, 2018)
		
	1.
	Definitions

In addition to other terms defined herein or in an Award Agreement, the following terms shall have the meanings given below:
(a)    Administrator means the Board, and, upon its delegation of all or part of its authority to administer the Plan to the Committee, the Committee.
(b)    Affiliate means any Parent or Subsidiary of the Company, and also includes any other business entity which is controlled by, under common control with or controls the Company; provided, however, that the term “Affiliate” shall be construed in a manner in accordance with the registration provisions of applicable federal securities laws if and to the extent required.
(c)    Applicable Law means any applicable laws, rules or regulations (or similar guidance), including but not limited to the Georgia Business Corporate Code, the Securities Act, the Exchange Act, the Code, applicable federal and state banking laws, rules and regulations and the listing or other rules of any applicable stock exchange.
(d)    Award means, individually or collectively, a grant under the Plan of an Option (including an Incentive Option or a Nonqualified Option); a Stock Appreciation Right (including a Related SAR or a Freestanding SAR); a Restricted Award (including a Restricted Stock Award or a Restricted Stock Unit Award); a Performance Award (including a Performance Share Award or a Performance Unit Award); a Phantom Stock Award, an Other Stock-Based Award; a Cash Bonus Award; a Dividend Equivalent Award; and/or any other award granted under the Plan.
(e)    Award Agreement means an award agreement or certificate (which may be in written or electronic form, in the Administrator’s discretion, and which includes any amendment or supplement thereto) between the Company and a Participant specifying the terms, conditions and restrictions of an Award granted to the Participant.  An Award Agreement may also state such other terms, conditions and restrictions, including but not limited to terms, conditions and restrictions applicable to shares of Common Stock or any other benefit underlying an Award, as may be established by the Administrator.
(f)    Base Price means, with respect to an SAR, the initial price assigned to the SAR.
(g)    Board or Board of Directors means the Board of Directors of the Company.
(h)    Cash Bonus Award means a cash-based Award granted pursuant to Section 13.
(i)    Cause means, unless the Administrator determines otherwise, a Participant’s termination of employment or service resulting from the Participant’s (i) termination for “Cause” as defined under the Participant’s employment, change of control, consulting or other similar agreement with the Company or an Affiliate, if any, or (ii) if the Participant has not entered into any such agreement (or, if any such agreement does not define “Cause”), then the Participant’s termination shall be for “Cause” if termination results due to the Participant’s (A) dishonesty; (B) refusal to perform his duties for the Company or an Affiliate; or (C) engaging in fraudulent conduct or conduct that could be materially damaging to the Company without a reasonable good faith belief that such conduct was in the best interest of the Company.  The determination of “Cause” shall be made by the Administrator and its determination shall be final and conclusive.  Without in any way limiting the effect of the foregoing, for purposes of the Plan and an Award, a Participant’s employment or service shall also be deemed to have terminated for Cause if, after the Participant’s employment or service has terminated, facts and circumstances are discovered that would have justified, in the opinion of the Administrator, a termination for Cause.
(j)    A Change of Control shall (except as may be otherwise required, if at all, under Code Section 409A) be deemed to have occurred on the earliest of the following dates:
(i)    The date any entity or person shall have become the beneficial owner of, or shall have obtained voting control over, more than fifty percent (50%) of the total voting power of the Company’s then outstanding voting stock;
(ii)    The date of the consummation of (A) a merger, consolidation or reorganization of the Company (or similar transaction involving the Company), in which the holders of the Common Stock immediately prior to the transaction have voting control over less than fifty-one percent (51%) of the voting securities of the surviving corporation immediately after such transaction, or (B) the sale or disposition of all or substantially all the assets of the Company; or
(iii)    The date there shall have been a change in a majority of the Board of Directors of the Company within a 12-month period unless the nomination for election by the Company’s shareholders or the appointment of each new Director was approved by the vote of two-thirds of the members of the Board (or a committee of the Board, if nominations are approved by a Board committee rather than the Board) then still in office who were in office at the beginning of the 12-month period.
(For the purposes herein, the term “person” shall mean any individual, corporation, partnership, group, association or other person, as such term is defined in Section 13(d)(3) or Section 14(d)(2) of the Exchange Act, other than the Company, a Subsidiary of the Company or any employee benefit plan(s) sponsored or maintained by the Company or any Subsidiary thereof, and the term “beneficial owner” shall have the meaning given the term in Rule 13d-3 under the Exchange Act.)
For the purposes of clarity, (i) a transaction shall not constitute a Change of Control if its principal purpose is to change the state of the Company’s incorporation, create a holding company that would be owned in substantially the same proportions by the persons who held the Company’s securities immediately before such transaction or is another transaction of other similar effect; and (ii) in no event shall a firm commitment underwritten public offering of the Common Stock pursuant to an effective registration statement under the Securities Act constitute a Change of Control.
Notwithstanding the preceding provisions of Section 1(j), in the event that any Awards granted under the Plan are deemed to be deferred compensation subject to (and not exempt from) the provisions of Code Section 409A, then distributions related to such Awards to be made upon a Change of Control may be permitted, in the Administrator’s discretion, upon the occurrence of one or more of the following events (as they are defined and interpreted under Code Section 409A): (A) a change in the ownership of the Company; (B) a change in effective control of the Company; or (C) a change in the ownership of a substantial portion of the assets of the Company.
(k)    Code means the Internal Revenue Code of 1986, as amended.  Any reference herein to a specific Code Section shall be deemed to include all related regulations or other guidance with respect to such Code Section.
(l)    Committee means the Compensation Committee of the Board (or a subcommittee thereof) or such other committee of the Board which may be appointed to administer the Plan in whole or in part.
(m)    Common Stock means the common stock of Atlantic Capital Bancshares, Inc., or any successor securities thereto.
(n)    Company means Atlantic Capital Bancshares, Inc., a Georgia corporation, together with any successor thereto.
(o)    Covered Employee shall have the meaning given the term in Code Section 162(m).
(p)    Director means a member of the Board or of the board of directors of an Affiliate.
(q)    Disability shall, except as may be otherwise determined by the Administrator (taking into account any Code Section 409A considerations), as applied to any Participant, having the meaning given in any Award Agreement, employment agreement, change of control agreement, consulting agreement or other similar agreement, if any, to which the Participant is a party, or, if there is no such agreement (or if such agreement does not define “Disability”), “Disability” shall mean the inability of the Participant to engage in any substantial gainful activity by reason of any medically determinable physical or mental impairment which can be expected to result in death, or which has lasted or can be expected to last for a continuous period of not less than 12 months.  The Administrator shall have authority to determine if a Disability has occurred.
(r)    Dividend Equivalent Awards shall mean a right granted to a Participant pursuant to Section 14 to receive the equivalent value (in cash or shares of Common Stock) of dividends paid on Common Stock.
(s)    Effective Date means the effective date of the Plan, as provided in Section 4.
(t)    Employee means any person who is an employee of the Company or any Affiliate (including entities which become Affiliates after the Effective Date of the Plan).  For this purpose, an individual shall be considered to be an Employee only if there exists between the individual and the Company or an Affiliate the legal and bona fide relationship of employer and employee (taking into account Code Section 409A considerations if and to the extent applicable); provided, however, that, with respect to Incentive Options, “Employee” means any person who is considered an employee of the Company or any Parent or Subsidiary for purposes of Treasury Regulation Section 1.421-1(h) (or any successor provision related thereto).
(u)    Exchange Act means the Securities Exchange Act of 1934, as amended.
(v)    Fair Market Value per share of the Common Stock shall be established in good faith by the Administrator and, unless otherwise determined by the Administrator, the Fair Market Value shall be determined in accordance with the following provisions: (A) if the shares of Common Stock are listed for trading on The NASDAQ Stock Market (“Nasdaq”) or another national or regional stock exchange, the Fair Market Value shall be the closing sales price per share of the shares on Nasdaq or other principal stock exchange on which such securities are listed on the date an Award is granted or other determination is made (such date of determination being referred to herein as a “valuation date”), or, if there is no transaction on such date, then on the trading date nearest preceding the valuation date for which closing price information is available, and, provided further, if the shares are not listed for trading on Nasdaq or another stock exchange but are regularly quoted on an automated quotation system (including the OTC Bulletin Board and the quotations published by the OTC Markets Group) or by a recognized securities dealer, the Fair Market Value shall be the closing sales price for such shares as quoted on such system or by such securities dealer on the valuation date, but if selling prices are not reported, the Fair Market Value of a share of Common Stock shall be the mean between the high bid and low asked prices for the Common Stock on the valuation date (or, if no such prices were reported on that date, on the last date such prices were reported), as reported in The Wall Street Journal or such other source as the Administrator deems reliable; or (B) if the shares of Common Stock are not listed or reported in any of the foregoing, then the Fair Market Value shall be determined by the Administrator based on such valuation measures or other factors as it deems appropriate.  Notwithstanding the foregoing, (i) with respect to the grant of Incentive Options, the Fair Market Value shall be determined by the Administrator in accordance with the applicable provisions of Section 20.2031-2 of the Federal Estate Tax Regulations, or in any other manner consistent with the Code Section 422; and (ii) Fair Market Value shall be determined in accordance with Code Section 409A if and to the extent required.
(w)    Freestanding SAR means an SAR that is granted without relation to an Option, as provided in Section 8.
(x)    Full Value Award means an Award, other than in the form of an Option or SAR, which is settled by the issuance of Common Stock.
(y)    Good Reason means, unless the Administrator determines otherwise, in the context of a Change of Control, a Participant’s termination of employment or service resulting from the Participant’s (i) termination for “Good Reason” as defined under the Participant’s employment, change of control, consulting or other similar agreement with the Company or an Affiliate, if any, or (ii) if the Participant has not entered into any agreement (or, if any such agreement does not define “Good Reason”), then, a Participant’s termination shall be for “Good Reason” if termination results due to any of the following without the Participant’s consent: (A) a material reduction in the Participant’s base salary as in effect immediately prior to the date of the Change of Control, (B) the assignment to the Participant of duties or responsibilities materially inconsistent with, or a material diminution in, the Participant’s position, authority, duties or responsibilities as in effect immediately prior to the Change of Control, or (C) the relocation of the Participant’s principal place of employment by more than 30 miles from the location at which the Participant was stationed immediately prior to the Change of Control.  Notwithstanding the foregoing, with respect to Directors, unless the Administrator determines otherwise, a Director’s termination from service on the Board shall be for “Good Reason” if the Participant ceases to serve as a Director, or, if the Company is not the surviving company in the Change of Control event, a member of the board of directors of the surviving entity, in either case, due to the Participant’s failure to be nominated to serve as a director of such entity or the Participant’s failure to be elected to serve as a director of such entity, but not due to the Participant’s decision not to continue service on the Board of Directors of the Company or the board of directors of the surviving entity, as the case may be.  An event or condition that would otherwise constitute “Good Reason” shall constitute Good Reason only if the Company fails to rescind or cure such event or condition within 30 days after receipt from the Participant of written notice of the event which constitutes Good Reason, and Good Reason shall cease to exist for any event or condition described herein on the 60th day following the later of the occurrence or the Participant’s knowledge thereof, unless the Participant has given the Company written notice thereof prior to such date.  In the context other than a Change of Control, “Good Reason” shall be as defined by the Administrator.  The determination of “Good Reason” shall be made by the Administrator and its determination shall be final and conclusive.
(z)    Incentive Option means an Option that is designated by the Administrator as an Incentive Option pursuant to Section 7 and intended to meet the requirements of incentive stock options under Code Section 422.
(aa)    Independent Contractor means an independent contractor, consultant or advisor providing services (other than capital-raising services) to the Company or an Affiliate.
(bb)    Nonqualified Option means an Option granted under Section 7 that is not intended to qualify as an incentive stock option under Code Section 422.
(cc)    Option means a stock option granted under Section 7 that entitles the holder to purchase from the Company a stated number of shares of Common Stock at the Option Price, and subject to such terms and conditions, as may be set forth in the Plan or an Award Agreement or established by the Administrator.
(dd)    Option Period means the term of an Option, as provided in Section 7(d).
(ee)    Option Price means the price at which an Option may be exercised, as provided in Section 7(b).
(ff)    Other Stock-Based Award means a right, granted to a Participant under Section 12, that relates to or is valued by referenced to shares of Common Stock or other Awards relating to shares of Common Stock.
(gg)    Parent shall mean a “parent corporation,” whether now or hereafter existing, as defined in Code Section 424(e).
(hh)    Participant means an individual who is an Employee employed by, or a Director or Independent Contractor providing services to, the Company or an Affiliate who satisfies the requirements of Section 6 and is selected by the Administrator to receive an Award under the Plan.
(ii)    Performance Award means a Performance Share Award and/or a Performance Unit Award, as provided in Section 10.
(jj)    Performance Measures mean one or more performance factors which may be established by the Administrator with respect to an Award.  Performance factors may be based on such corporate, business unit or division and/or individual performance factors and criteria as the Administrator in its discretion may deem appropriate; provided, however, that, if and to the extent required under Code Section 162(m) with respect to Awards granted to Covered Employees that are intended to qualify as “performance-based compensation” under Code Section 162(m), such performance factors shall be objective and shall be based upon one or more of the following criteria (as determined by the Administrator in its discretion): (i) cash flow; (ii) return on equity; (iii) return on assets; (iv) earnings per share; (v) operations expense efficiency milestones; (vi) consolidated earnings before or after taxes (including earnings before interest, taxes, depreciation and amortization); (vii) net income; (viii) operating income; (ix) book value per share; (x) return on investment; (xi) return on capital; (xii) improvements in capital structure; (xiii) expense management; (xiv) profitability of an identifiable business unit or product; (xv) maintenance or improvement of profit margins; (xvi) stock price or total stockholder return; (xvii) market share; (xviii) revenues or sales; (xix) costs; (xx) working capital; (xxi) economic wealth created; (xxii) strategic business criteria; (xxiii) efficiency ratio(s); (xxiv) achievement of division, group, function or corporate financial, strategic or operational goals; and (xxv) net charge offs/average loans, nonperforming assets/ending loans, pre-tax, pre-provision income and/or other credit quality measures; and (xxvi) comparisons with stock market indices or performances of metrics of peer companies.  In addition, with respect to compensation that is not intended to qualify for the performance-based compensation exception under Code Section 162 (m), the Administrator may approve performance objectives based on other criteria, which may or may not be objective.  If and to the extent that Code Section 162(m) is applicable, the Administrator shall, within the time and in the manner prescribed by Code Section 162(m), define in an objective fashion the manner of calculating the Performance Measures it selects to use for Covered Employees during any specific performance period.  The foregoing criteria may relate to the Company, one or more of its Affiliates or one or more of its divisions, units, segments, partnerships, joint ventures or minority investments, facilities, product lines or products or any combination of the foregoing.  The targeted level or levels of performance with respect to such business criteria may be established at such levels and on such terms as the Administrator may determine, in its discretion, including but not limited to on an absolute basis, in relation to performance in a prior performance period, relative to one or more peer group companies or indices, on a per share and/or share per capita basis, on a pre-tax or after tax basis, and/or any combination thereof.
(kk)    Performance Share means an Award granted under Section 10, in an amount determined by the Administrator and specified in an Award Agreement, stated with reference to a specified number of shares of Common Stock, that entitles the holder to receive shares of Common Stock, a cash payment or a combination of Common Stock and cash (as determined by the Administrator), subject to the terms of the Plan and the terms and conditions established by the Administrator.
(ll)    Performance Unit means an Award granted under Section 10, in an amount determined by the Administrator and specified in an Award Agreement, that entitles the holder to receive shares of Common Stock, a cash payment or a combination of Common Stock and cash (as determined by the Administrator), subject to the terms of the Plan and the terms and conditions established by the Administrator.
(mm)    Phantom Stock Award means an Award granted under Section 11, entitling a Participant to a payment in cash, shares of Common Stock or a combination of cash and Common Stock (as determined by the Administrator), following the completion of the applicable vesting period and compliance with the terms of the Plan and other terms and conditions established by the Administrator.  The unit value of a Phantom Stock Award shall be based on the Fair Market Value of a share of Common Stock.
(nn)    Plan means the Atlantic Capital Bancshares, Inc.  2015 Stock Incentive Plan, as amended and/or restated.
(oo)    Prior Plan means the Atlantic Capital Bancshares, Inc.  2006 Stock Incentive Plan, as it may be amended and/or restated.
(pp)    Related SAR means an SAR granted under Section 8 that is granted in relation to a particular Option and that can be exercised only upon the surrender to the Company, unexercised, of that portion of the Option to which the SAR relates.
(qq)    Restricted Award means a Restricted Stock Award and/or a Restricted Stock Unit Award, as provided in Section 9.
(rr)    Restricted Stock Award means shares of Common Stock granted to a Participant under Section 9.  Shares of Common Stock subject to a Restricted Stock Award shall cease to be restricted when, in accordance with the terms of the Plan and the terms and conditions established by the Administrator, the shares vest and become transferable and free of substantial risks of forfeiture.
(ss)    Restricted Stock Unit means a Restricted Award granted to a Participant pursuant to Section 9 which is settled, if at all, (i) by the delivery of one share of Common Stock for each Restricted Stock Unit, (ii) in cash in an amount equal to the Fair Market Value of one share of Common Stock for each Restricted Stock Unit, or (iii) in a combination of cash and shares equal to the Fair Market Value of one share of Common Stock for each Restricted Stock Unit, as determined by the Administrator.  A Restricted Stock Unit represents the promise of the Company to deliver shares of Common Stock, cash or a combination thereof, as applicable, at the end of the applicable restriction period if and only to the extent the Award vests and ceases to be subject to forfeiture, subject to compliance with the terms of the Plan and Award Agreement and any terms and conditions established by the Administrator.
(tt)    Retirement shall, except as may be otherwise determined by the Administrator (taking into account any Code Section 409A considerations), as applied to any Participant, have the meaning given in an Award Agreement, employment agreement, change of control plan or agreement, consulting agreement or other similar plan or agreement, if any, to which the Participant is a party, or, if there is no such plan or agreement (or if such agreement does not define “Retirement”), then “Retirement” shall, unless the Administrator determines otherwise, mean retirement at a time when the Participant’s age plus years of service to the Company or an Affiliate equals or exceeds 65, provided, however, that the Participant has completed a minimum service period of 10 years.  The Administrator shall have authority to determine if a Retirement has occurred.
(uu)    SAR means a stock appreciation right granted under Section 8 entitling the Participant to receive, with respect to each share of Common Stock encompassed by the exercise of such SAR, the excess, if any, of the Fair Market Value on the date of exercise over the Base Price, subject to the terms of the Plan and Award Agreement and any other terms and conditions established by the Administrator.  References to “SARs” include both Related SARs and Freestanding SARs, unless the context requires otherwise.
(vv)    Securities Act means the Securities Act of 1933, as amended.
(ww)    Subsidiary shall mean a “subsidiary corporation,” whether now or hereafter existing, as defined in Code Section 424(f).
(xx)    Termination Date means the date of termination of a Participant’s employment or service for any reason, as determined by the Administrator (taking into account any Code Section 409A considerations).
		
	2.
	Purpose

The purposes of the Plan are to encourage and enable selected Employees, Directors and Independent Contractors of the Company and its Affiliates to acquire or to increase their holdings of Common Stock and other equity-based interests in the Company and/or to provide other incentive awards in order to promote a closer identification of their interests with those of the Company and its shareholders, and to provide flexibility to the Company in its ability to motivate, attract and retain the services of Participants upon whose judgment, interest and special effort the successful conduct of its operation largely depends.  These purposes may be carried out through the granting of Awards to selected Participants, including the granting of Options in the form of Incentive Stock Options and/or Nonqualified Options; SARs in the form of Freestanding SARs and/or Related SARs; Restricted Awards in the form of Restricted Stock Awards and/or Restricted Stock Units; Performance Awards in the form of Performance Shares and/or Performance Units; Phantom Stock Awards; Other Stock-Based Awards; Cash Bonus Awards; and/or Dividend Equivalent Awards.
		
	3.
	Administration of the Plan

(a)    The Plan shall be administered by the Board or, upon its delegation, by the Committee (or a subcommittee thereof).  If and to the extent required under Rule 16b-3 adopted under the Exchange Act, the Committee shall be comprised solely of two or more “non-employee directors,” as such term is defined in Rule 16b-3, or as may otherwise be permitted under Rule 16b-3.  Further, if and to the extent required by Code Section 162(m), the Plan shall be administered by a committee comprised of two or more “outside directors” (as such term is defined in Code Section 162 (m)) or as may otherwise be permitted under Code Section 162(m).  In addition, Committee members shall qualify as “independent directors” under applicable stock exchange rules if and to the extent required.
(b)    Subject to the provisions of the Plan, the Administrator shall have full and final authority in its discretion to take any action with respect to the Plan including, without limitation, the authority to (i) determine all matters relating to Awards, including selection of individuals to be granted Awards, the types of Awards, the number of shares of Common Stock, if any, subject to an Award, and all terms, conditions, restrictions and limitations of an Award; (ii) prescribe the form or forms of Award Agreements evidencing any Awards granted under the Plan; (iii) establish, amend and rescind rules and regulations for the administration of the Plan; (iv) correct any defect, supply any omission or reconcile any inconsistency in the Plan or in any Award or Award Agreement; and (v) construe and interpret the Plan, Awards and Award Agreements made under the Plan, to interpret rules and regulations for administering the Plan and to make all other determinations deemed necessary or advisable for administering the Plan.  In addition, (i) the Administrator shall have the authority, subject to the restrictions contained in Section 3(c) herein, to accelerate the date that any Award which was not otherwise exercisable, vested or earned shall become exercisable, vested or earned in whole or in part without any obligation to accelerate such date with respect to any other Award granted to any recipient; and (ii) the Administrator may in its sole discretion modify or extend the terms and conditions for exercise, vesting or earning of an Award (in each case, taking into account any Code Section 409A considerations).  The Administrator’s authority to grant Awards and authorize payments under the Plan shall not in any way restrict the authority of the Company to grant compensation to Employees, Directors or Independent Contractors under any other compensation plan, program or arrangement of the Company or an Affiliate.  The Administrator may determine that a Participant’s rights, payments and/or benefits with respect to an Award (including but not limited to any shares issued or issuable and/or cash paid or payable with respect to an Award) shall be subject to reduction, cancellation, forfeiture or recoupment upon the occurrence of certain specified events, in addition to any otherwise applicable vesting or performance conditions of an Award.  Such events may include, but shall not be limited to, termination of employment for Cause, violation of policies of the Company or an Affiliate, breach of non-solicitation, noncompetition, confidentiality or other restrictive covenants that may apply to the Participant, other conduct by the Participant that is determined by the Administrator to be detrimental to the business or reputation of the Company or any Affiliate, and/or other circumstances where such reduction, cancellation, forfeiture or recoupment is required by Applicable Law.  In addition, the Administrator shall have the authority and discretion to establish terms and conditions of Awards (including but not limited to the establishment of subplans) as the Administrator determines to be necessary or appropriate to conform to the applicable requirements or practices of jurisdictions outside of the United States.  In addition to action by meeting in accordance with Applicable Law, any action of the Administrator with respect to the Plan may be taken by a written instrument signed by all of the members of the Board or Committee, as appropriate, and any such action so taken by written consent shall be as fully effective as if it had been taken by a majority of the members at a meeting duly held and called.  All determinations of the Administrator with respect to the Plan and any Award or Award Agreement will be final and binding on the Company and all persons having or claiming an interest in any Award granted under the Plan.  No member of the Board or Committee, as applicable, shall be liable while acting as Administrator for any action or determination made in good faith with respect to the Plan, an Award or an Award Agreement.  The members of the Board or Committee, as applicable, shall be entitled to indemnification and reimbursement in the manner and to the fullest extent provided in the Company’s articles of incorporation and/or bylaws and/or pursuant to Applicable Law.
(c)    Notwithstanding the provisions of Section 3(b), Awards granted to Participants under the Plan shall be subject to a minimum vesting (or earning) (collectively, “vesting”) period of one year during; provided, however, that (i) the Administrator may provide for acceleration of vesting of all or a portion of an Award in the event of a Participant’s death, Disability, Retirement or termination for Good Reason, or (to the extent provided in Section 15 herein) upon the occurrence of a Change of Control of the Company; (ii) the Administrator may provide for Awards with a minimum vesting period of less than one year, but only with respect to Awards for no more than an aggregate of five percent (5%) of the total number of shares of Common Stock authorized for issuance under the Plan pursuant to Section 5(a) herein, upon such terms and conditions as the Administrator shall determine; and (iii) the Administrator also may provide for the grant of Awards to Participants that have different vesting terms in the case of Awards that are substituted for other equity awards in connection with mergers, consolidations or other similar transactions.  Notwithstanding the foregoing, with respect to Awards granted to non-employee Directors, the one-year minimum vesting period requirement will be deemed met if the vesting occurs on the earlier of one year from the grant date or the date of the next annual meeting of the Company’s shareholders, so long as the period between the date of the annual meeting of the Company’s shareholders related to the grant date and the date of the next annual meeting of the Company’s shareholders is not less than 50 weeks.
(d)    The Administrator may adjust or modify Performance Measures or other performance factors or terms or condition of Awards due to extraordinary items, transactions, events or developments, or in recognition of any other unusual or infrequent events affecting the Company or the financial statements of the Company, or in response to changes in Applicable Law, accounting principles or business conditions, in each case as determined by the Administrator (provided that any adjustment or modification involving Covered Employees for compensation that is intended to qualify as “performance-based compensation” under Code Section 162(m) shall be subject to any applicable Code Section 162(m) restrictions).  By way of example but not limitation, the Administrator may provide with respect to any Award that any evaluation of performance shall exclude or otherwise objectively adjust for any specified circumstance or event that occurs during a performance period, including circumstances or events such as the following: (i) asset write-downs or impairment charges; (ii) significant litigation or claim judgments or settlements; (iii) the effect of changes in tax laws, accounting standards or principles or other laws or regulatory rules; (iv) any reorganization and restructuring programs; (v) extraordinary nonrecurring items as described in then-current accounting principles; (vi) extraordinary nonrecurring items as described in management’s discussion and analysis of financial condition and results of operations appearing in the Company’s annual report to shareholders; (vii) acquisitions or divestitures; (viii) a change in the Company’s fiscal year; (ix) any other specific unusual or infrequent events or objectively determinable category thereof; and/or (x) foreign exchange gains and losses.
(e)    Notwithstanding the other provisions of Section 3, the Board may expressly delegate to one or more officers of the Company or a special committee consisting of one or more directors who are also officers of the Company the authority, within specified parameters, to grant Awards to eligible Participants, and to make any or all of the determinations reserved for the Administrator in the Plan and summarized in Section 3(b) with respect to such Awards (subject to any restrictions imposed by Applicable Law and such terms and conditions as may be established by the Administrator); provided, however, that, if and to the extent required by Section 16 of the Exchange Act or Code Section 162(m), the Participant, at the time of said grant or other determination, (i) is not deemed to be an officer or director of the Company within the meaning of Section 16 of the Exchange Act; and (ii) is not deemed to be a Covered Employee as defined under Code Section 162(m).  To the extent that the Administrator has delegated authority to grant Awards pursuant to this Section 3(e) to an officer(s) and/or a special committee, references to the “Administrator” shall include references to such officer(s) and/or special committee, subject, however, to the requirements of the Plan, Rule 16b-3, Code Section 162(m) and other Applicable Law.
		
	4.
	Effective Date

The Effective Date of the Plan shall be May 21, 2015 (the “Effective Date”).  The Plan was amended and restated effective May 18, 2017 and further amended and restated effective May 16, 2018.  Awards may be granted on or after the Effective Date, but no Awards may be granted after May 20, 2025.  Awards that are outstanding at the end of the Plan term (or such earlier termination date as may be established by the Board pursuant to Section 17(a)) shall continue in accordance with their terms, unless otherwise provided in the Plan or an Award Agreement.
		
	5.
	Shares of Stock Subject to the Plan; Award Limitations

(a)    Shares of Stock Subject to the Plan: Subject to adjustments as provided in Section 5(d), the maximum aggregate number of shares of Common Stock that may be issued pursuant to Awards granted under the Plan shall not exceed the sum of (i) 4,000,000 shares, plus (ii) any shares that remain available under the Prior Plan for the grant of awards as of the Effective Date of the Plan, plus (iii) any shares subject to an award granted under the Prior Plan, which award is at any time forfeited, cancelled, terminated, expires or lapses for any reason without the issuance of shares or pursuant to which such shares are forfeited to or reacquired by the Company.  Shares delivered under the Plan shall be authorized but unissued shares, treasury shares or shares purchased on the open market or by private purchase.  The Company hereby reserves sufficient authorized shares of Common Stock to meet the grant of Awards hereunder.
(b)    Award Limitations: Notwithstanding any provision in the Plan to the contrary, the following limitations shall apply to Awards granted under the Plan, in each case subject to adjustments pursuant to Section 5(d):
(i)    The maximum aggregate number of shares of Common Stock that may be issued under the Plan pursuant to the grant of Incentive Options shall not exceed 4,000,000 shares;
(ii)    In any 12-month period, no Participant may be granted Options and SARs that are not related to an Option for more than 1,000,000 shares of Common Stock (or the equivalent value thereof based on the Fair Market Value per share of the Common Stock on the date of grant of an Award);
(iii)    In any 12-month period, no Participant may be granted Awards other than Options or SARs that are settled in shares of Common Stock for more than 1,000,000 shares of Common Stock (or the equivalent value thereof based on the Fair Market Value per share of the Common Stock on the date of grant of an Award); provided, however that Cash Bonus Awards shall be governed by the provisions of Section 13 herein; and
(iv)    Notwithstanding the provisions of Sections 5(b)(ii) and (iii) herein, with respect to non-employee Directors, in any 12-month period, no such non-employee Director may be granted Awards for more than $100,000 in fair value of shares of Common Stock (or the equivalent value thereof based on the Fair Market Value per share of Common Stock on the date of grant of such an Award); provided, however, that any Director cash retainer fees or other fees that are settled in shares of Common Stock shall not be subject to this limitation.
(For purposes of Section 5(b)(ii), (iii) and (iv), an Option and Related SAR shall be treated as a single Award.)
(c)    Additional Share Counting Provisions.  The following provisions shall apply with respect to the share limitations of Section 5(a):
(i)    To the extent that an Award is canceled, terminates, expires, is forfeited or lapses for any reason, any unissued or forfeited shares subject to the Award will again be available for issuance pursuant to Awards granted under the Plan.
(ii)    Awards settled in cash shall not be counted against the share limitations stated in Section 5(a) herein.
(iii)    Dividends, including dividends paid in shares, or dividend equivalents paid in cash in connection with outstanding Awards, will not be counted towards the share limitations in Section 5(a).
(iv)    To the extent that the full number of shares subject to an Award other than an Option or SAR is not issued for any reason, including by reason of failure to achieve maximum performance goals, only the number of shares issued and delivered shall be considered for purposes of determining the number of shares remaining available for issuance pursuant to Awards granted under the Plan.
(v)    The following shares of Common Stock may not again be made available for issuance as Awards under the Plan: (A) shares withheld from an Award or delivered by a Participant to satisfy tax withholding requirements for Awards, (B) shares not issued or delivered as a result of the net settlement of an outstanding Award, (C) shares withheld or delivered to pay the exercise price related to an outstanding Award and (D) shares repurchased on the open market with the proceeds of the purchase price for an Award.
(vi)    Further, (A) shares issued under the Plan through the settlement, assumption or substitution of outstanding awards granted by another entity or obligations to grant future awards as a condition of or in connection with a merger, acquisition or similar transaction involving the Company acquiring another entity shall not reduce the maximum number of shares available for delivery under the Plan, and (B) available shares under a shareholder approved plan of an acquired company (as appropriately adjusted to reflect the transaction) may be used for Awards under the Plan and will not reduce the maximum number of shares available under the Plan, subject, in the case of both (A) and (B) herein, to applicable stock exchange listing requirements.
(d)    Adjustments; Right to Issue Additional Securities: If there is any change in the outstanding shares of Common Stock because of a merger, consolidation or reorganization involving the Company, or if the Board declares a stock dividend, stock split distributable in shares of Common Stock, other distribution (other than regular or ordinary cash dividends) or reverse stock split, combination or reclassification of the Common Stock, or if there is a similar change in the capital stock structure of the Company affecting the Common Stock (excluding conversion of convertible securities by the Company and/or the exercise of warrants by their holders), then the number of shares of Common Stock reserved for issuance under the Plan shall be correspondingly adjusted, and the Administrator shall make such adjustments to Awards or to any provisions of this Plan as the Administrator deems equitable to prevent dilution or enlargement of Awards or as may otherwise be advisable.  Nothing in the Plan, an Award or an Award Agreement shall limit the ability of the Company to issue additional securities (including but not limited to the issuance of other options or other derivative securities, warrants, additional shares or classes of Common Stock, preferred stock and/or other convertible securities).
		
	6.
	Eligibility

An Award may be granted only to an individual who satisfies all of the following eligibility requirements on the date the Award is granted:
(a)    The individual is either (i) an Employee, (ii) a Director or (iii) an Independent Contractor.
(b)    With respect to the grant of Incentive Options, the individual is otherwise eligible to participate under this Section 6, is an Employee of the Company or a Parent or Subsidiary and does not own, immediately before the time that the Incentive Option is granted, stock possessing more than 10% of the total combined voting power of all classes of stock of the Company or a Parent or Subsidiary.  Notwithstanding the foregoing, an Employee who owns more than 10% of the total combined voting power of all classes of stock of the Company or a Parent or Subsidiary may be granted an Incentive Option if the Option Price is at least 110% of the Fair Market Value of the Common Stock, and the Option Period does not exceed five years.  For this purpose, an individual will be deemed to own stock which is attributable to him under Code Section 424(d).
(c)    With respect to the grant of substitute awards or assumption of awards in connection with a merger, consolidation, acquisition, reorganization or similar transaction involving the Company or an Affiliate, the recipient is otherwise eligible to receive the Award and the terms of the award are consistent with the Plan and Applicable Law (including, to the extent necessary, the federal securities laws registration provisions, Code Section 409A and Code Section 424(a)).
(d)    The individual, being otherwise eligible under this Section 6, is selected by the Administrator as an individual to whom an Award shall be granted (as defined above, a “Participant”).
		
	7.
	Options

(a)    Grant of Options: Subject to the limitations of the Plan, the Administrator may in its discretion grant Options to such eligible Participants in such numbers, subject to such terms and conditions, and at such times as the Administrator shall determine.  Both Incentive Options and Nonqualified Options may be granted under the Plan, as determined by the Administrator; provided, however, that Incentive Options may only be granted to Employees of the Company or a Parent or Subsidiary.  To the extent that an Option is designated as an Incentive Option but does not qualify as such under Code Section 422, the Option (or portion thereof) shall be treated as a Nonqualified Option.  An Option may be granted with or without a Related SAR.
(b)    Option Price: The Option Price per share at which an Option may be exercised shall be established by the Administrator and stated in the Award Agreement evidencing the grant of the Option; provided, that (i) the Option Price of an Option shall be no less than 100% of the Fair Market Value per share of the Common Stock as determined on the date the Option is granted (or 110% of the Fair Market Value with respect to Incentive Options granted to an Employee who owns stock possessing more than 10% of the total combined voting power of all classes of stock of the Company or a Parent or Subsidiary, as provided in Section 6(b)); and (ii) in no event shall the Option Price per share of any Option be less than the par value, if any, per share of the Common Stock.  Notwithstanding the foregoing, the Administrator may in its discretion authorize the grant of substitute or assumed options of an acquired entity with an Option Price not equal to 100% of the Fair Market Value of the stock on the date of grant, if the terms of such substitution or assumption otherwise comply, to the extent deemed applicable, with Code Section 409A and/or Code Section 424(a).
(c)    Date of Grant: An Option shall be considered to be granted on the date that the Administrator acts to grant the Option, or on such other date as may be established by the Administrator in accordance with Applicable Law.
(d)    Option Period and Limitations on the Right to Exercise Options:
(i)    The Option Period shall be determined by the Administrator at the time the Option is granted and shall be stated in the Award Agreement.  The Option Period shall not extend more than 10 years from the date on which the Option is granted (or five years with respect to Incentive Options granted to an Employee who owns stock possessing more than 10% of the total combined voting power of all classes of stock of the Company or a Parent or Subsidiary, as provided in Section 6(b)).  Any Option or portion thereof not exercised before expiration of the Option Period shall terminate.  The period or periods during which, and the terms and conditions pursuant to which, an Option may vest and become exercisable shall be determined by the Administrator in its discretion, subject to the terms of the Plan (including but not limited to the provisions of Section 3(c) herein).
(ii)    An Option may be exercised by giving written notice to the Company in form acceptable to the Administrator at such place and subject to such conditions as may be established by the Administrator or its designee.  Such notice shall specify the number of shares to be purchased pursuant to an Option and the aggregate purchase price to be paid therefor and shall be accompanied by payment of such purchase price.  Unless an Award Agreement provides otherwise, such payment shall be in the form of cash or cash equivalent; provided that, except where prohibited by the Administrator or Applicable Law (and subject to such terms and conditions as may be established by the Administrator), payment may also be made:
(A)    By delivery (by either actual delivery or attestation) of shares of Common Stock owned by the Participant for such time period, if any, as may be determined by the Administrator;
(B)    By shares of Common Stock withheld upon exercise;
(C)    With respect only to purchases upon exercise of an Option after a Public Market for the Common Stock exists, by delivery of written notice of exercise to the Company and delivery to a broker of written notice of exercise and irrevocable instructions to promptly deliver to the Company the amount of sale or loan proceeds to pay the Option Price;
(D)    By such other payment methods as may be approved by the Administrator and which are acceptable under Applicable Law; and/or
(E)    By any combination of the foregoing methods.
Shares delivered or withheld in payment on the exercise of an Option shall be valued at their Fair Market Value on the date of exercise, as determined by the Administrator or its designee.  For the purposes of the Plan, a “Public Market” for the Common Stock shall be deemed to exist (i) upon consummation of a firm commitment underwritten public offering of the Common Stock (or successor securities thereto) pursuant to an effective registration statement under the Securities Act or (ii) if the Administrator otherwise determines that there is an established public market for the Common Stock.
(iii)    The Administrator shall determine the extent, if any, to which a Participant may have the right to exercise an Option following termination of the Participant’s employment or service with the Company.  Such rights, if any, shall be subject to the sole discretion of the Administrator, shall be stated in the individual Award Agreement, need not be uniform among all Options issued pursuant to this Section 7, and may reflect distinctions based on the reasons for termination of employment or service.
(e)    Notice of Disposition: If shares of Common Stock acquired upon exercise of an Incentive Option are disposed of within two years following the date of grant or one year following the transfer of such shares to a Participant upon exercise, the Participant shall, promptly following such disposition, notify the Company in writing of the date and terms of such disposition and provide such other information regarding the disposition as the Administrator may reasonably require.
(f)    Limitation on Incentive Options: In no event shall there first become exercisable by an Employee in any one calendar year Incentive Options granted by the Company or any Parent or Subsidiary with respect to shares having an aggregate Fair Market Value (determined at the time an Incentive Option is granted) greater than $100,000; provided that, if such limit is exceeded, then the first $100,000 of shares to become exercisable in such calendar year will be Incentive Options and the Options (or portion thereof) for shares with a value in excess of $100,000 that first became exercisable in that calendar year will be Nonqualified Options.  In the event the Code or the regulations promulgated thereunder are amended after the Effective Date of the Plan to provide for a different limitation on the Fair Market Value of shares permitted to be subject to Incentive Options, then such different limit shall be automatically incorporated herein.  To the extent that any Incentive Options are first exercisable by a Participant in excess of the limitation described herein, the excess shall be considered a Nonqualified Option.
(g)    Nontransferability of Options: Incentive Options shall not be transferable (including by sale, assignment, pledge or hypothecation) other than transfers by will or the laws of intestate succession or, in the Administrator’s discretion, such transfers as may otherwise be permitted in accordance with Treasury Regulation Section 1.421-1(b)(2) or Treasury Regulation Section 1.421-2(c) or any successor provisions thereto.  Nonqualified Options shall not be transferable (including by sale, assignment, pledge or hypothecation) other than by will or the laws of intestate succession, except for transfers if and to the extent permitted by the Administrator in a manner consistent with the registration provisions of the Securities Act.  Except as may be permitted by the preceding, an Option shall be exercisable during the Participant’s lifetime only by him or by his guardian or legal representative.  The designation of a beneficiary in accordance with the Plan does not constitute a transfer.
		
	8.
	Stock Appreciation Rights

(a)    Grant of SARs: Subject to the limitations of the Plan, the Administrator may in its discretion grant SARs to such eligible Participants, in such numbers, upon such terms and at such times as the Administrator shall determine.  SARs may be granted to the holder of an Option (a “Related Option”) with respect to all or a portion of the shares of Common Stock subject to the Related Option (a “Related SAR”) or may be granted separately to an eligible individual (a “Freestanding SAR”).  The Base Price per share of an SAR shall be no less than 100% of the Fair Market Value per share of the Common Stock on the date the SAR is granted.  Notwithstanding the foregoing, the Administrator may in its discretion authorize the grant of substitute or assumed SARs of an acquired entity with a Base Price per share not equal to at least 100% of the Fair Market Value of the stock on the date of grant, if the terms of such substitution or assumption otherwise comply, to the extent deemed applicable, with Code Section 409A and/or Code Section 424(a).  An SAR shall be considered to be granted on the date that the Administrator acts to grant the SAR, or on such other date as may be established by the Administrator in accordance with Applicable Law.
(b)    Related SARs: A Related SAR may be granted either concurrently with the grant of the Related Option or (if the Related Option is a Nonqualified Option) at any time thereafter prior to the complete exercise, termination, expiration or cancellation of such Related Option.  The Base Price of a Related SAR shall be equal to the Option Price of the Related Option.  Related SARs shall be exercisable only at the time and to the extent that the Related Option is exercisable (and may be subject to such additional limitations on exercisability as the Administrator may provide in an Award Agreement), and in no event after the complete termination or full exercise of the Related Option.  Notwithstanding the foregoing, a Related SAR that is related to an Incentive Option may be exercised only to the extent that the Related Option is exercisable and only when the Fair Market Value exceeds the Option Price of the Related Option.  Upon the exercise of a Related SAR granted in connection with a Related Option, the Option shall be canceled to the extent of the number of shares as to which the SAR is exercised, and upon the exercise of a Related Option, the Related SAR shall be canceled to the extent of the number of shares as to which the Related Option is exercised or surrendered.
(c)    Freestanding SARs: An SAR may be granted without relationship to an Option (as defined above, a “Freestanding SAR”) and, in such case, will be exercisable upon such terms and subject to such conditions as may be determined by the Administrator, subject to the terms of the Plan.
(d)    Exercise of SARs:
(i)    Subject to the terms of the Plan (including but not limited to Section 3(c) herein), SARs shall be vested and exercisable in whole or in part upon such terms and conditions as may be established by the Administrator.  The period during which an SAR may be exercisable shall not exceed 10 years from the date of grant or, in the case of Related SARs, such shorter Option Period as may apply to the Related Option.  Any SAR or portion thereof not exercised before expiration of the period established by the Administrator shall terminate.
(ii)    SARs may be exercised by giving written notice to the Company in form acceptable to the Administrator at such place and subject to such terms and conditions as may be established by the Administrator or its designee.  Unless the Administrator determines otherwise, the date of exercise of an SAR shall mean the date on which the Company shall have received proper notice from the Participant of the exercise of such SAR.
(iii)    The Administrator shall determine the extent, if any, to which a Participant may have the right to exercise an SAR following termination of the Participant’s employment or service with the Company.  Such rights, if any, shall be determined in the sole discretion of the Administrator, shall be stated in the individual Award Agreement, need not be uniform among all SARs issued pursuant to this Section 8, and may reflect distinctions based on the reasons for termination of employment or service.
(e)    Payment Upon Exercise: Subject to the limitations of the Plan, upon the exercise of an SAR, a Participant shall be entitled to receive payment from the Company in an amount determined by multiplying (i) the excess, if any, of the Fair Market Value of a share of Common Stock on the date of exercise of the SAR over the Base Price of the SAR by (ii) the number of shares of Common Stock with respect to which the SAR is being exercised.  The consideration payable upon exercise of an SAR shall be paid in cash, shares of Common Stock (valued at Fair Market Value on the date of exercise of the SAR) or a combination of cash and shares of Common Stock, as determined by the Administrator.
(f)    Nontransferability: Unless the Administrator determines otherwise, SARs shall not be transferable (including by sale, assignment, pledge or hypothecation) other than by will or the laws of intestate succession, except for transfers if and to the extent permitted by the Administrator in a manner consistent with the registration provisions of the Securities Act.  Except as may be permitted by the preceding sentence, SARs may be exercised during the Participant’s lifetime only by him or by his guardian or legal representative.  The designation of a beneficiary in accordance with the Plan does not constitute a transfer.
		
	9.
	Restricted Awards

(a)    Grant of Restricted Awards: Subject to the limitations of the Plan, the Administrator may in its discretion grant Restricted Awards to such Participants, for such numbers of shares of Common Stock, upon such terms and at such times as the Administrator shall determine.  Such Restricted Awards may be in the form of Restricted Stock Awards and/or Restricted Stock Units that are subject to certain conditions, which conditions must be met in order for the Restricted Award to vest and be earned (in whole or in part) and no longer subject to forfeiture.  Restricted Stock Awards shall be payable in shares of Common Stock.  Restricted Stock Units shall be payable in cash or shares of Common Stock, or partly in cash and partly in shares of Common Stock, in accordance with the terms of the Plan and the discretion of the Administrator.  Subject to the provisions of Section 3(c) herein, the Administrator shall determine the nature, length and starting date of the period, if any, during which a Restricted Award may be earned (the “Restriction Period”), and shall determine the conditions which must be met in order for a Restricted Award to be granted or to vest or be earned (in whole or in part), which conditions may include, but are not limited to, payment of a stipulated purchase price, attainment of performance objectives, continued service or employment for a certain period of time, a combination of attainment of performance objectives and continued service, Retirement, Disability, death or any combination of such conditions.  In the case of Restricted Awards based upon performance criteria, or a combination of performance criteria and continued service, the Administrator shall determine the Performance Measures applicable to such Restricted Awards (subject to Section 1(jj)).
(b)    Vesting of Restricted Awards: Subject to the terms of the Plan (and taking into account any Code Section 409A considerations), the Administrator shall have sole authority to determine whether and to what degree Restricted Awards have vested and been earned and are payable and to establish and interpret the terms and conditions of Restricted Awards.
(c)    Termination of Employment or Service; Forfeiture: Unless the Administrator determines otherwise, if the employment or service of a Participant shall be terminated for any reason (whether by the Company or the Participant and whether voluntary or involuntary) and all or any part of a Restricted Award has not vested or been earned pursuant to the terms of the Plan and related Award Agreement, such Award, to the extent not then vested or earned, shall be forfeited immediately upon such termination and the Participant shall have no further rights with respect thereto.
(d)    Share Certificates; Escrow: Unless the Administrator determines otherwise, a certificate or certificates representing the shares of Common Stock subject to a Restricted Stock Award shall be issued in the name of the Participant (or, in the case of uncertificated shares, other written evidence of ownership in accordance with Applicable Law shall be provided) after the Award has been granted.  Notwithstanding the foregoing, the Administrator may require that (i) a Participant deliver the certificate(s) (or other instruments) for such shares to the Administrator or its designee to be held in escrow until the Restricted Stock Award vests and is no longer subject to a substantial risk of forfeiture (in which case the shares will be promptly released to the Participant) or is forfeited (in which case the shares shall be returned to the Company); and/or (ii) a Participant deliver to the Company a stock power, endorsed in blank (or similar instrument), relating to the shares subject to the Restricted Stock Award which are subject to forfeiture.  Unless the Administrator determines otherwise, a certificate or certificate representing shares of Common Stock issuable pursuant to a Restricted Stock Unit shall be issued in the name of the Participant (or, in the case of uncertificated shares, other written evidence of ownership in accordance with Applicable Law shall be provided) promptly after the Award (or portion thereof) has vested and is distributable.
(e)    Nontransferability: Unless the Administrator determines otherwise, Restricted Awards that have not vested shall not be transferable (including by sale, assignment, pledge or hypothecation) other than transfers by will or the laws of intestate succession, and the recipient of a Restricted Award shall not sell, transfer, assign, pledge or otherwise encumber shares subject to the Award until the Restriction Period has expired and until all conditions to vesting have been met.  The designation of a beneficiary in accordance with the Plan does not constitute a transfer.
		
	10.
	Performance Awards

(a)    Grant of Performance Awards: Subject to the terms of the Plan, the Administrator may in its discretion grant Performance Awards to such eligible Participants upon such terms and conditions and at such times as the Administrator shall determine.  Performance Awards may be in the form of Performance Shares and/or Performance Units.  An Award of a Performance Share is a grant of a right to receive shares of Common Stock, the cash value thereof, or a combination thereof (in the Administrator’s discretion), which is contingent upon the achievement of performance or other objectives during a specified period and which has a value on the date of grant equal to the Fair Market Value of a share of Common Stock.  An Award of a Performance Unit is a grant in an amount determined by the Administrator that gives the holder the opportunity to receive shares of Common Stock, a cash payment or a combination of Common Stock and cash (as determined by the Administrator), which is contingent upon the achievement of performance or other objectives during a specified period and which has an initial value determined in a dollar amount established by the Administrator at the time of grant.  Subject to Section 5(b), the Administrator shall have discretion to determine the number of Performance Units and/or Performance Shares granted to any Participant.  Subject to the provisions of Section 3(c) herein, the Administrator shall determine the nature, length and starting date of the period during which a Performance Award may be earned (the “Performance Period”), and shall determine the conditions which must be met in order for a Performance Award to be granted or to vest or be earned (in whole or in part), which conditions may include but are not limited to payment of a stipulated purchase price, attainment of performance objectives, continued service or employment for a certain period of time or a combination of any such conditions.  Subject to Section 1(jj), the Administrator shall determine the Performance Measures applicable to such Performance Awards.
(b)    Earning of Performance Awards: Subject to the terms of the Plan (and taking into account any Code Section 409A considerations), the Administrator shall have sole authority to determine whether and to what degree Performance Awards have been earned and are payable and to interpret the terms and conditions of Performance Awards and the provisions of this Section 10.
(c)    Form of Payment: Payment of the amount to which a Participant shall be entitled upon earning a Performance Award shall be made in cash, shares of Common Stock or a combination of cash and shares of Common Stock, as determined by the Administrator in its sole discretion.  Payment may be made in a lump sum or upon such terms as may be established by the Administrator (taking into account any Code Section 409A considerations).
(d)    Termination of Employment or Service; Forfeiture: Unless the Administrator determines otherwise (taking into account any Code Section 409A considerations), if the employment or service of a Participant shall terminate for any reason (whether by the Company or the Participant and whether voluntary or involuntary) and the Participant has not earned all or part of a Performance Award pursuant to the terms of the Plan and related Award Agreement, such Award, to the extent not then earned, shall be forfeited immediately upon such termination and the Participant shall have no further rights with respect thereto.
(e)    Nontransferability: Unless the Administrator determines otherwise, Performance Awards which have not been earned shall not be transferable (including by sale, assignment, pledge or hypothecation) other than transfers by will or the laws of intestate succession, and the recipient of a Performance Award shall not sell, transfer, assign, pledge or otherwise encumber any shares or any other benefit subject to the Award until the Performance Period has expired and the conditions to earning the Award have been met.  The designation of a beneficiary in accordance with the Plan does not constitute a transfer.
		
	11.
	Phantom Stock Awards

(a)    Grant of Phantom Stock Awards: Subject to the terms of the Plan, the Administrator may in its discretion grant Phantom Stock Awards to such eligible Participants, in such numbers, upon such terms and at such times as the Administrator shall determine.  A Phantom Stock Award is an Award to a Participant of a number of hypothetical share units with respect to shares of Common Stock, with a value based on the Fair Market Value of a share of Common Stock.
(b)    Vesting of Phantom Stock Awards: Subject to the terms of the Plan (including but not limited to Section 3 (c)) (and taking into account any Code Section 409A considerations), the Administrator shall have sole authority to determine whether and to what degree Phantom Stock Awards have vested and are payable and to interpret the terms and conditions of Phantom Stock Awards.
(c)    Termination of Employment or Service; Forfeiture: Unless the Administrator determines otherwise (taking into account any Code Section 409A considerations), if the employment or service of a Participant shall be terminated for any reason (whether by the Company or the Participant and whether voluntary or involuntary) and all or any part of a Phantom Stock Award has not vested and become payable pursuant to the terms of the Plan and related Award Agreement, such Award, to the extent not then vested or earned, shall be forfeited immediately upon such termination and the Participant shall have no further rights with respect thereto.
(d)    Payment of Phantom Stock Awards: Upon vesting of all or a part of a Phantom Stock Award and satisfaction of such other terms and conditions as may be established by the Administrator, the Participant shall be entitled to a payment of an amount equal to the Fair Market Value of one share of Common Stock with respect to each such Phantom Stock unit which has vested and is payable.  Payment may be made, in the discretion of the Administrator, in cash or in shares of Common Stock valued at their Fair Market Value on the applicable vesting date or dates (or other date or dates determined by the Administrator), or in a combination thereof.  Payment may be made in a lump sum or upon such terms as may be established by the Administrator (taking into account any Code Section 409A considerations).
(e)    Nontransferability: Unless the Administrator determines otherwise, (i) Phantom Stock Awards shall not be transferable (including by sale, assignment, pledge or hypothecation) other than transfers by will or the laws of intestate succession and (ii) shares of Common Stock (if any) subject to a Phantom Stock Award may not be sold, transferred, assigned, pledged or otherwise encumbered until the Phantom Stock Award has vested and all other conditions established by the Administrator have been met.  The designation of a beneficiary in accordance with the Plan does not constitute a transfer.
		
	12.
	Other Stock-Based Awards

The Administrator shall have the authority to grant Other Stock-Based Awards to one or more eligible Participants.  Such Other Stock-Based Awards may be valued in whole or in part by reference to, or otherwise based on or related to, shares of Common Stock or Awards for shares of Common Stock, including but not limited to Other Stock-Based Awards granted in lieu of bonus, salary or other compensation, Other Stock-Based Awards granted with vesting or performance conditions, and/or Other Stock-Based Awards granted without being subject to vesting or performance conditions (subject to the terms of Section 3(c)).  Subject to the provisions of the Plan, the Administrator shall determine the number of shares of Common Stock to be awarded to a Participant under (or otherwise related to) such Other Stock-Based Awards; whether such Other Stock-Based Awards shall be settled in cash, shares of Common Stock or a combination of cash and shares of Common Stock; and the other terms and conditions of such Awards.  Unless the Administrator determines otherwise, (i) Other Stock-Based Awards shall not be transferable (including by sale, assignment, pledge or hypothecation) other than transfers by will or the laws of intestate succession, and (ii) shares of Common Stock (if any) subject to an Other Stock-Based Award may not be sold, transferred, assigned, pledged or otherwise encumbered until the Other Stock-Based Award has vested and all other conditions established by the Administrator have been met.  The designation of a beneficiary in accordance with the Plan does not constitute a transfer.
		
	13.
	Cash Bonus Awards

The Administrator may, in its discretion, grant Cash Bonus Awards under the Plan to one or more eligible Participants.  Cash Bonus Awards shall be subject to performance conditions as described in Section 1(jj) above and, to the extent such Cash Bonus Awards are granted to Covered Employees and intended to qualify as “performance-based compensation” under Code Section 162(m), shall be subject to the requirements of Code Section 162(m), if and to the extent applicable, including without limitation, the establishment of Performance Measures and certification of performance by the Administrator as provided in Section 1(jj) and Section 20(c).  The Administrator also shall have authority to modify, reduce or eliminate any Cash Bonus Award.  In addition, if and to the extent required under Code Section 162(m), the aggregate amount of compensation granted to any one Participant in any 12-month period in respect of all Cash Bonus Awards granted under the Plan and payable only in cash (and exclusive of Restricted Stock Unit Awards, Phantom Stock Awards, SARs or other equity-based Awards settled in cash, which are subject to the Award limitations stated in Section 5(b) herein) shall not exceed $2,000,000.
		
	14.
	Dividends and Dividend Equivalents

The Administrator may, in its sole discretion, provide that Awards other than Options and SARs earn dividends or dividend equivalent right (or “dividend equivalents”); provided, however, that dividends and dividend equivalents (whether paid in cash or shares of Common Stock), if any, on unearned or unvested Awards shall not be paid (even if accrued) unless and until the underlying Award (or portion thereof) has vested and/or been earned.  Such dividends or dividend equivalents may be paid currently or may be credited to a Participant’s account.  Any crediting of dividends or dividend equivalents may be subject to such additional restrictions and conditions as the Administrator may establish, including reinvestment in additional shares of Common Stock or share equivalents.  Notwithstanding the other provisions herein, any dividends or dividend equivalents related to an Award shall be structured in a manner so as to avoid causing the Award and related dividends or dividend equivalents to be subject to Code Section 409A or shall otherwise be structured so that the Award and dividends or dividend equivalents are in compliance with Code Section 409A.
		
	15.
	Change of Control

Notwithstanding any other provision in the Plan to the contrary (and unless otherwise required pursuant to Code Section 409A), the following provisions shall apply in the event of a Change of Control:
(a)    To the extent that the successor or surviving company in the Change of Control event does not assume or substitute for an Award (or in which the Company is the ultimate parent corporation and does not continue the Award) on substantially similar terms or with substantially equivalent economic benefits (as determined by the Administrator) as Awards outstanding under the Plan immediately prior to the Change of Control event, (i) all outstanding Options and SARs shall become fully vested and exercisable, whether or not then otherwise vested and exercisable; and (ii) any restrictions, including but not limited to the Restriction Period, Performance Period and/or performance criteria applicable to any outstanding Awards other than Options or SARs shall be deemed to have been met, and such Awards shall become fully vested, earned and payable to the fullest extent of the original grant of the applicable Award (or, in the case of performance-based Awards the earning of which is based on attaining a target level of performance, such Awards shall be deemed earned at target).
(b)    Further, in the event that an Award is substituted, assumed or continued as provided in Section 15(a) herein, the Award will nonetheless become vested (and, in the case of Options and SARs, exercisable) in full and any restrictions, including but not limited to the Restriction Period, Performance Period and/or performance criteria applicable to any outstanding Award other than Options or SARs shall be deemed to have been met, and such Awards shall become fully vested, earned and payable to the fullest extent of the original award (or, in the case of performance-based Awards the earning of which is based on attaining a target level of performance, such Awards shall be deemed earned as target), if the employment or service of the Participant is terminated within six months before (in which case vesting shall not occur until the effective date of the Change of Control) or one year (or such other period after a Change of Control as may be stated in a Participant’s employment, change of control, consulting or other similar agreement, if applicable) after the effective date of a Change of Control if such termination of employment or service (i) is by the Company not for Cause or (ii) is by the Participant for Good Reason.  For clarification, for the purposes of this Section 15, the “Company” shall include any successor to the Company.
(c)    Notwithstanding any other provision of the Plan to the contrary, in the event that a Participant has entered into an employment agreement as of the Effective Date of the Plan or is a participant in the Company’s Change in Control Plan or similar arrangement in effect as of such date, the Participant shall be entitled to the greater of the benefits provided upon a change of control of the Company under the Plan or the respective employment agreement, Change in Control Plan or other arrangement, and such agreement, Change in Control Plan or other arrangement shall not be construed to reduce in any way the benefits otherwise provided to a Participant upon a Change of Control as defined in the Plan.
		
	16.
	Withholding

The Company shall withhold all required local, state, federal, foreign and other taxes and any other amount required to be withheld by any governmental authority or law from any amount payable in cash with respect to an Award.  Prior to the delivery or transfer of any certificate for shares or any other benefit conferred under the Plan, the Company shall require any Participant or other person to pay to the Company in cash the amount of any tax or other amount required by any governmental authority to be withheld and paid over by the Company to such authority for the account of such recipient.  Notwithstanding the foregoing, the Administrator may in its discretion establish procedures to permit a recipient to satisfy such obligation in whole or in part, and any local, state, federal, foreign or other income tax obligations relating to such an Award, by electing (the “election”) to deliver to the Company shares of Common Stock held by the Participant (which are fully vested and not subject to any pledge or other security interest) and/or have the Company withhold shares of Common Stock from the shares to which the recipient is otherwise entitled.  The number of shares to be withheld or delivered shall have a Fair Market Value as of the date that the amount of tax to be withheld is determined as nearly equal as possible to, but not exceeding (unless otherwise permitted by the Administrator in a manner in accordance with Applicable Law and applicable accounting principles), the amount of such obligations being satisfied.  Each election must be made in writing to the Administrator in accordance with election procedures established by the Administrator.
		
	17.
	Amendment and Termination of the Plan and Awards 

(a)    Amendment and Termination of Plan; Prohibition on Repricing: The Plan may be amended, altered, suspended and/or terminated at any time by the Board; provided, that (i) approval of an amendment to the Plan by the shareholders of the Company shall be required to the extent, if any, that shareholder approval of such amendment is required by Applicable Law; and (ii) except for adjustments made pursuant to Section 5(d) the Company may not, without obtaining shareholder approval, (A) amend the terms of outstanding Options or SARs to reduce the Option Price or Base Price of such outstanding Options or SARs; (B) exchange outstanding Options or SARs for cash, for Options or SARs with an Option Price or Base Price that is less than the Option Price or Base Price of the original Option or SAR, or for other equity awards at a time when the original Option or SAR has an Option Price or Base Price, as the case may be, above the Fair Market Value of the Common Stock; or (C) take other action with respect to Options or SARs that would be treated as a repricing under the rules of the principal stock exchange on which shares of the Common Stock are listed.
(b)    Amendment and Termination of Awards: The Administrator may (subject to Section 17(a)(ii) herein) amend, alter, suspend and/or terminate any Award granted under the Plan, prospectively or retroactively, but (except as otherwise provided in Section 17(c)) such amendment, alteration, suspension or termination of an Award shall not, without the written consent of the recipient of an outstanding Award, materially adversely affect the rights of the recipient with respect to the Award.
(c)    Amendments to Comply with Applicable Law: Notwithstanding Section 17(a) and Section 17(b) herein, the following provisions shall apply:
(i)    The Administrator shall have unilateral authority to amend the Plan and any Award (without Participant consent) to the extent necessary to comply with Applicable Law or changes to Applicable Law (including but in no way limited to Code Section 409A, Code Section 422 and federal securities laws).
(ii)    The Administrator shall have unilateral authority to make adjustments to the terms and conditions of Awards in recognition of unusual or nonrecurring events affecting the Company or any Affiliate, or the financial statements of the Company or any Affiliate, or of changes in Applicable Law, or accounting principles, if the Administrator determines that such adjustments are appropriate in order to prevent dilution or enlargement of the benefits or potential benefits intended to be made available under the Plan or necessary or appropriate to comply with applicable accounting principles or Applicable Law.
		
	18.
	Restrictions on Awards and Shares; Compliance with Applicable Law

(a)    General: As a condition to the issuance and delivery of Common Stock hereunder, or the grant of any benefit pursuant to the Plan, the Company may require a Participant or other person at any time and from time to time to become a party to an Award Agreement, other agreement(s) restricting the transfer, purchase, repurchase and/or voting of shares of Common Stock of the Company, and any employment agreements, consulting agreements, noncompetition agreements, confidentiality agreements, nonsolicitation agreements, nondisparagement agreements or other agreements imposing such restrictions as may be required by the Company.  In addition, without in any way limiting the effect of the foregoing, each Participant or other holder of shares issued under the Plan shall be permitted to transfer such shares only if such transfer is in accordance with the Plan, the Award Agreement, any other applicable agreements and Applicable Law.  The acquisition of shares of Common Stock under the Plan by a Participant or any other holder of shares shall be subject to, and conditioned upon, the agreement of the Participant or other holder of such shares to the restrictions described in the Plan, the Award Agreement and any other applicable agreements and Applicable Law.
(b)    Compliance with Applicable Laws, Rules and Regulations: The Company may impose such restrictions on Awards, shares of Common Stock and any other benefits underlying Awards hereunder as it may deem advisable, including without limitation restrictions under the federal securities laws, the requirements of any stock exchange or similar organization and any blue sky, state or foreign securities or other laws applicable to such securities.  Notwithstanding any other Plan provision to the contrary, the Company shall not be obligated to issue, deliver or transfer shares of Common Stock under the Plan, make any other distribution of benefits under the Plan, or take any other action, unless such delivery, distribution or action is in compliance with Applicable Law (including but not limited to the requirements of the Securities Act).  The Company will be under no obligation to register shares of Common Stock or other securities with the Securities and Exchange Commission or to effect compliance with the exemption, registration, qualification or listing requirements of any state securities laws, stock exchange or similar organization, and the Company will have no liability for any inability or failure to do so.  The Company may cause a restrictive legend or legends to be placed on any certificate issued pursuant to an Award hereunder in such form as may be prescribed from time to time by Applicable Law or as may be advised by legal counsel.
		
	19.
	No Right or Obligation of Continued Employment or Service or to Awards; Compliance with the Plan 

Neither the Plan, an Award, an Award Agreement nor any other action related to the Plan shall confer upon a Participant any right to continue in the employ or service of the Company or an Affiliate as an Employee, Director or Independent Contractor, or interfere in any way with the right of the Company or an Affiliate to terminate the Participant’s employment or service at any time.  Except as otherwise provided in the Plan, an Award Agreement or as may be determined by the Administrator, all rights of a Participant with respect to an Award shall terminate upon the termination of the Participant’s employment or service.  In addition, no person shall have any right to be granted an Award, and the Company shall have no obligation to treat Participants or Awards uniformly.  By participating in the Plan, each Participant shall be deemed to have accepted all of the conditions of the Plan and the terms and conditions of any rules and regulations adopted by the Administrator and shall be fully bound thereby.  Any Award granted hereunder is not intended to be compensation of a continuing or recurring nature, or part of a Participant’s normal or expected compensation, and in no way represents any portion of a Participant’s salary, compensation or other remuneration for purposes of pension benefits, severance, redundancy, resignation or any other purpose.
		
	20.
	General Provisions

(a)    Shareholder Rights: Except as otherwise determined by the Administrator (and subject to the provisions of Section 9(d) regarding Restricted Awards), a Participant and his legal representative, legatees or distributees shall not be deemed to be the holder of any shares of Common Stock subject to an Award and shall not have any rights of a shareholder unless and until certificates for such shares have been issued and delivered to him or them under the Plan.  A certificate or certificates for shares of Common Stock acquired upon exercise of an Option or SAR shall be issued in the name of the Participant or his beneficiary and distributed to the Participant or his beneficiary (or, in the case of uncertificated shares, other written notice of ownership in accordance with Applicable Law shall be provided) as soon as practicable following receipt of notice of exercise and, with respect to Options, payment of the Option Price (except as may otherwise be determined by the Company in the event of payment of the Option Price pursuant to Section 7(d)(ii) (C)).  Except as otherwise provided in Section 9(d) regarding Restricted Stock Awards or otherwise determined by the Administrator, a certificate for any shares of Common Stock issuable pursuant to a Restricted Award, Performance Award, Phantom Stock Award or Other Stock-Based Award shall be issued in the name of the Participant or his beneficiary and distributed to the Participant or his beneficiary (or, in the case of uncertificated shares, other written notice of ownership in accordance with Applicable Law shall be provided) after the Award (or portion thereof) has vested and been earned.
(b)    Section 16(b) Compliance: If and to the extent that any Participants in the Plan are subject to Section 16(b) of the Exchange Act, it is the general intention of the Company that transactions under the Plan shall comply with Rule 16b-3 under the Exchange Act and that the Plan shall be construed in favor of such Plan transactions meeting the requirements of Rule 16b-3 or any successor rules thereto.  Notwithstanding anything in the Plan to the contrary, the Administrator, in its sole and absolute discretion, may bifurcate the Plan so as to restrict, limit or condition the use of any provision of the Plan to Participants who are officers or directors subject to Section 16 of the Exchange Act without so restricting, limiting or conditioning the Plan with respect to other Participants.
(c)    Code Section 162(m) Performance-Based Compensation.  If and to the extent to which Code Section 162 (m) is applicable, the Company intends that compensation paid under the Plan to Covered Employees will, to the extent practicable, constitute “qualified performance-based compensation” within the meaning of Code Section 162(m), unless otherwise determined by the Administrator.  Accordingly, Awards granted to Covered Employees which are intended to qualify for the performance-based exception under Code Section 162(m) shall be deemed to include any such additional terms, conditions, limitations and provisions as are necessary to comply with the performance-based compensation exemption of Code Section 162(m), unless the Administrator, in its discretion, determines otherwise.
(d)    Unfunded Plan; No Effect on Other Plans:
(i)    The Plan shall be unfunded, and the Company shall not be required to create a trust or segregate any assets that may at any time be represented by Awards under the Plan.  The Plan shall not establish any fiduciary relationship between the Company and any Participant or other person.  Neither a Participant nor any other person shall, by reason of the Plan, acquire any right in or title to any assets, funds or property of the Company or any Affiliate, including, without limitation, any specific funds, assets or other property which the Company or any Affiliate, in their discretion, may set aside in anticipation of a liability under the Plan.  A Participant shall have only a contractual right to shares of Common Stock or other amounts, if any, payable under the Plan, unsecured by any assets of the Company or any Affiliate.  Nothing contained in the Plan shall constitute a guarantee that the assets of such entities shall be sufficient to pay any benefits to any person.
(ii)    The amount of any compensation deemed to be received by a Participant pursuant to an Award shall not constitute compensation with respect to which any other employee benefits of such Participant are determined, including, without limitation, benefits under any bonus, pension, profit sharing, life insurance or salary continuation plan, except as otherwise specifically provided by the terms of such plan or as may be determined by the Administrator.
(iii)    The adoption of the Plan shall not affect any other stock incentive or other compensation plans in effect for the Company or any Affiliate, nor shall the Plan preclude the Company from establishing any other forms of stock incentive or other compensation for employees or service providers of the Company or any Affiliate.
(e)    Governing Law: The Plan and Award Agreements shall be governed by and construed in accordance with the laws of the State of Georgia, without regard to the conflict of laws provisions of any state, and in accordance with applicable federal laws of the United States.
(f)    Beneficiary Designation: The Administrator may, in its discretion, permit a Participant to designate in writing a person or persons as beneficiary, which beneficiary shall be entitled to receive settlement of Awards (if any) to which the Participant is otherwise entitled in the event of death.  In the absence of such designation by a Participant, and in the event of the Participant’s death, the estate of the Participant shall be treated as beneficiary for purposes of the Plan, unless the Administrator determines otherwise.  The Administrator shall have discretion to approve and interpret the form or forms of such beneficiary designation.  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 that the Plan and/or Award Agreement provide otherwise, and to any additional restrictions deemed necessary or appropriate by the Administrator.
(g)    Gender and Number: Except where otherwise indicated by the context, words in any gender shall include any other gender, words in the singular shall include the plural and words in the plural shall include the singular.
(h)    Severability: If any provision of the Plan or an Award Agreement shall be held illegal or invalid for any reason, such illegality or invalidity shall not affect the remaining parts of the Plan or the Award Agreement, and the Plan or Award Agreement shall be construed and enforced as if the illegal or invalid provision had not been included.
(i)    Rules of Construction: Headings are given to the sections of the Plan solely as a convenience to facilitate reference.  The reference to any statute, regulation or other provision of law shall (unless the Administrator determines otherwise) be construed to refer to any amendment to or successor of such provision of law.
(j)    Successors and Assigns: The Plan shall be binding upon the Company, its successors and assigns, and Participants, their executors, administrators and permitted transferees and beneficiaries.
(k)    Award Agreement: The grant of any Award under the Plan shall be evidenced by an Award Agreement between the Company and the Participant.  Such Award Agreement may state terms, conditions and restrictions applicable to the Award and any may state such other terms, conditions and restrictions, including but not limited to terms, conditions and restrictions applicable to shares of Common Stock (or other benefits) subject to an Award, as may be established by the Administrator.
(l)    Right of Offset: Notwithstanding any other provision of the Plan or an Award Agreement, the Company may at any time (subject to any Code Section 409A considerations) reduce the amount of any payment or benefit otherwise payable to or on behalf of a Participant by the amount of any obligation of the Participant to or on behalf of the Company or an Affiliate that is or becomes due and payable.
(m)    Uncertified Shares: Notwithstanding anything in the Plan to the contrary, to the extent the Plan provides for the issuance of stock certificates to reflect the issuance of shares of Common Stock, the issuance may, in the Company’s discretion, be effected on a non-certificated basis, to the extent not prohibited by the Company’s articles of incorporation or bylaws or by Applicable Law (including but not limited to applicable state corporate law and the applicable rules of any stock exchange on which the Common Stock may be traded).
(n)    Income and Other Taxes: Participants are solely responsible and liable for the satisfaction of all taxes and penalties that may arise in connection with Awards (including but not limited to any taxes arising under Code Section 409A), and the Company shall not have any obligation to indemnify or otherwise hold any Participant harmless from any or all of such taxes.  The Company shall have no responsibility to take or refrain from taking any actions in order to achieve a certain tax result for a Participant or any other person.
(o)    Effect of Certain Changes in Status: Notwithstanding the other terms of the Plan or an Award Agreement, the Administrator has sole discretion to determine (taking into account any Code Section 409A considerations), at the time of grant of an Award or at any time thereafter, the effect, if any, on Awards (including but not limited to modifying the vesting, exercisability and/or earning of Awards) granted to a Participant if the Participant’s status as an Employee, Director or Independent Contractor changes, including but not limited to a change from full-time to part-time, or vice versa, or if other similar changes in the nature or scope of the Participant’s employment or service occur.
(p)    Shareholder Approval: The Plan, as initially adopted, was approved by the shareholders of the Company within 12 months of the Effective Date of the Plan.  Amendments to the Plan shall be subject to stockholder approval as and to the extent required under Applicable Law.
(q)    Deferrals: Subject to the provisions of this Section 20(q) and Section 21, the Administrator may permit or require a Participant to defer such Participant’s receipt of the payment of cash or the delivery of shares of Common Stock that would otherwise be payable with respect to an Award.  Any such deferral shall be subject to such terms and conditions as may be established by the Administrator and to any applicable Code Section 409A requirements.
(r)    Fractional Shares: Except as otherwise provided in an Award Agreement or determined by the Administrator, (i) the total number of shares issuable pursuant to the exercise, vesting or earning of an Award shall be rounded down to the nearest whole share, and (ii) no fractional shares shall be issued.  The Administrator may, in its discretion, determine that a fractional share shall be settled in cash.
(s)    Compliance with Recoupment, Ownership and Other Policies or Agreements: Notwithstanding anything in the Plan to the contrary, the Administrator may, at any time, consistent with, but without limiting, the authority granted in Section 3(b) herein, in its discretion provide that an Award or benefits related to an Award shall be forfeited and/or recouped if the Participant, during employment or service or following termination of employment or service for any reason, engages in certain specified conduct, including but not limited to violation of policies of the Company or an Affiliate, breach of non-solicitation, noncompetition, confidentiality or other restrictive covenants, or other conduct by the Participant that is determined by the Administrator to be detrimental to the business or reputation of the Company or any Affiliate.  In addition, without limiting the effect of the foregoing, as a condition to the grant of an Award or receipt or retention of shares of Common Stock, cash or any other benefit under the Plan, the Administrator may, at any time, require that a Participant agree to abide by any equity retention policy, stock ownership guidelines, compensation recovery policy and/or other policies adopted by the Company or an Affiliate, each as in effect from time to time and to the extent applicable to the Participant.  Further, each Participant shall be subject to such compensation recovery, recoupment, forfeiture or other similar provisions as may apply under Applicable Law.
		
	21.
	Compliance with Code Section 409A

Notwithstanding any other provision in the Plan or an Award Agreement to the contrary, if and to the extent that Code Section 409A is deemed to apply to the Plan or any Award, it is the general intention of the Company that the Plan and all such Awards shall, to the extent practicable, comply with, or be exempt from, Code Section 409A, and the Plan and any such Award Agreement shall, to the extent practicable, be construed in accordance therewith.  Deferrals of shares or any other benefit issuable pursuant to an Award otherwise exempt from Code Section 409A in a manner that would cause Code Section 409A to apply shall not be permitted unless such deferrals are in compliance with, or exempt from, Code Section 409A.  In the event that the Company (or a successor thereto) has any stock which is publicly traded on an established securities market or otherwise, distributions that are subject to Code Section 409A to any Participant who is a “specified employee” (as defined under Code Section 409A) upon a separation from service may only be made following the expiration of the six-month period after the date of separation from service (as defined in Code Section 409A) (with such distributions to be made during the seventh month following separation of service), or, if earlier than the end of the six-month period, the date of death of the specified employee, or as otherwise permitted under Code Section 409A.  For purposes of Code Section 409A, each installment payment provided under the Plan or an Award Agreement shall be treated as a separate payment.  Without in any way limiting the effect of any of the foregoing, (i) in the event that Code Section 409A requires that any special terms, provisions or conditions be included in the Plan or any Award Agreement, then such terms, provisions and conditions shall, to the extent practicable, be deemed to be made a part of the Plan or Award Agreement, as applicable, and (ii) terms used in the Plan or an Award Agreement shall be construed in accordance with Code Section 409A if and to the extent required.  Further, in the event that the Plan or any Award shall be deemed not to comply with Code Section 409A, then neither the Company, the Administrator nor its or their designees or agents shall be liable to any Participant or other person for actions, decisions or determinations made in good faith.
[Signature Page To Follow]

IN WITNESS WHEREOF, this Atlantic Capital Bancshares, Inc.  2015 Stock Incentive Plan, as amended and restated effective May 16, 2018, is, by the authority of the Board of Directors of the Company, executed in behalf of the Company, the 16th day of May, 2018.
ATLANTIC CAPITAL BANCSHARES, INC.

By:    /s/ Douglas L. Williams        
Name:    Douglas L. Williams
Title:    Chief Executive Officer and President

ATTEST:

By:    /s/ Patrick T. Oakes            
Name:    Patrick T. Oakes
Title:    Executive Vice President, Chief Financial Officer and Secretary

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