Document:

EX-10.2

 Exhibit 10.2 

TAX MATTERS AGREEMENT 

BY AND BETWEEN 

FIDELITY NATIONAL FINANCIAL, INC. 

AND 
 J.
ALEXANDER’S HOLDINGS, INC. 
 DATED SEPTEMBER 16, 2015 

 

 TAX MATTERS AGREEMENT 

THIS TAX MATTERS AGREEMENT (this “Agreement”), dated as of September 16, 2015, is by and between FIDELITY NATIONAL
FINANCIAL, INC., a Delaware corporation (“FNF”), and J. ALEXANDER’S HOLDINGS, INC., a Tennessee corporation (“JAX”). Each of FNF and JAX is sometimes referred to herein as a “Party”
and, collectively, as the “Parties.” Defined terms herein shall have the meanings set forth in Article I hereof. 

RECITALS 
 WHEREAS, the
board of directors of FNF has determined that it is in the best interests of FNF, its shareholders and JAX for JAX to be a separate publicly-traded company that will operate the JAX Business; 

WHEREAS, FNF and JAX entered into the Separation and Distribution Agreement pursuant to which FNF, by and through Fidelity National Financial
Ventures LLC (“FNFV”), caused FNFV to contribute (i) 1% of the Class A membership interests in J. Alexander’s Holdings, LLC (“JAX Holdings”) to the capital of NewCo in exchange for all of NewCo’s
shares of its only class of stock (the “1% Contribution”), (ii) 86.44% of the Class A membership interests in JAX Holdings to the capital of JAX in exchange for shares of JAX Common Stock (the “86.44%
Contribution”), and (iii) all of the issued and outstanding shares in NewCo to the capital of JAX in exchange for shares of JAX Common Stock (the “NewCo Contribution”) (the 1% Contribution, the 86.44% Contribution, and
the NewCo Contribution collectively as the “Pre-Closing Contributions”); 
 WHEREAS, Newport Global Opportunities Fund
AIV-A LP, a Delaware limited partnership, and all other holders of Class A membership interests in JAX Holdings (other than FNFV, NewCo, and JAX) contributed, contemporaneously with the 86.44% Contribution and NewCo Contribution, their
membership interests in JAX Holdings to JAX, in exchange for shares of JAX Common Stock (the “Minority Contribution”); 

WHEREAS, FNFV distributed to FNF all of FNFV’s JAX Common Stock (the “FNFV Distribution”); 

WHEREAS, FNF and JAX agreed, pursuant to the Separation and Distribution Agreement, to cause the distribution, on a pro rata basis, to holders
of issued and outstanding shares of FNFV Group common stock, par value $0.0001 per share (“FNFV Common Stock”), other than shares of FNFV Common Stock held in the treasury of FNF, all of the issued and outstanding shares of common
stock of JAX, par value $.001 per share (the “JAX Common Stock”) owned by FNF, by means of a dividend of the JAX Common Stock to the holders of FNFV common stock (the “Distribution”); 

WHEREAS, JAX has not engaged in activities except those incidental to its formation and in preparation for the Distribution; 

  
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 WHEREAS, prior to consummation of the Distribution, FNF has been the common parent corporation of
an affiliated group of corporations, within the meaning of Section 1504 of the Code, of which JAX is a member; 
 WHEREAS, the Parties
intend that, for federal income Tax purposes, the Pre-Closing Contributions and Minority Contribution will each qualify for nonrecognition treatment under Section 351(a) of the Code, and that the Distribution will qualify as a distribution to
which Section 355 of the Code applies; and 
 WHEREAS, the Parties wish to (a) provide for the payment of Tax liabilities and
entitlement to refunds thereof, allocate responsibility for, and cooperation in, the filing of Tax Returns, and provide for certain other matters relating to Taxes, and (b) set forth certain covenants and indemnities relating to the
preservation of the intended Tax treatment of the Pre-Closing Contributions and the Distribution. 
 AGREEMENT 

NOW, THEREFORE, in consideration of the foregoing and the terms, conditions, covenants and provisions of this Agreement, each of the Parties
mutually covenants and agrees as follows: 
 ARTICLE I 

DEFINITIONS 
 1.01
General. As used in this Agreement, the following terms shall have the following meanings: 
 “1% Contribution”
has the meaning set forth in the recitals to this Agreement. 
 “86.44% Contribution” has the meaning set forth in the
recitals to this Agreement. 
 “Affiliate” has the meaning set forth in the Separation and Distribution Agreement. 

“Affiliated Group” means an affiliated group of corporations within the meaning of Section 1504(a) of the Code, or any
other group filing consolidated, combined or unitary Tax Returns under state, local or foreign Law. 
 “Agreement” has the
meaning set forth in the preamble to this Agreement. 
 “Closing Date” means the date on which the Distribution occurs.

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

“Disqualifying Action” means (i) any breach by JAX or any member of the JAX Group of any representation, warranty or
covenant made by them in this Agreement or (ii) any event (or series of events) involving the capital stock of JAX that, in either case, would negate the Tax-Free Status of the Transactions; provided, however, the term
“Disqualifying Action” shall not include any action required or expressly permitted under any Transaction Document or that is undertaken pursuant to the Pre-Closing Contribution or the Distribution. 

  
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 “Distribution” has the meaning set forth in the recitals to this Agreement. 

“Extraordinary Transaction” shall mean any action that is not in the ordinary course of business, but shall not include any
action that is undertaken pursuant to the Pre-Closing Contribution or the Distribution. 
 “Effective Time” means the time
at which the Distribution occurs on the Closing Date. 
 “Fifty-Percent or Greater Interest” has the meaning ascribed to
such term for purposes of Sections 355(d) and (e) of the Code. 
 “Final Determination” means the final resolution of
liability for any Tax for any taxable period, by or as a result of (i) a final decision, judgment, decree or other order by any court of competent jurisdiction that can no longer be appealed; (ii) a final settlement with the IRS or other
Tax Authority, a closing agreement or accepted offer in compromise under Section 7121 or 7122 of the Code, or a comparable agreement under the Laws of other jurisdictions, that resolves the entire Tax liability for any taxable period; or
(iii) any other final resolution, including by reason of the expiration of the applicable statute of limitations or the execution of a pre-filing agreement with the IRS or other Taxing Authority. 

“FNF” has the meaning set forth in the preamble to this Agreement. 

“FNF Group” means FNF and each Person that will be a direct or indirect Subsidiary of FNF immediately after the Distribution
and each Person that is or becomes a member of the FNF Group after the Distribution, including any Person that is or was merged into FNF or any such direct or indirect Subsidiary. The term “FNF Group” does not include any former, current
or future holder of JAX Common Stock. 
 “FNFV Distribution” has the meaning set forth in the preamble to this Agreement.

 “Governmental Authority” means any federal, state, local, foreign or international court, government, department,
commission, board, bureau or agency, or any other regulatory, self-regulatory, administrative or governmental organization or authority, including the NYSE. 

“Indemnifying Party” means the Party from which the other Party is entitled to seek indemnification pursuant to the
provisions of Section 2.01. 
 “Indemnified Party” means the Party that is entitled to seek indemnification
from the other Party pursuant to the provisions of Section 2.01. 
 “Information” has the meaning set forth in
Section 4.01. 
 “Information Request” has the meaning set forth in Section 4.01. 

  
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 “Information Statement” means the information statement and any related
documentation distributed to holders of FNFV Common Stock in connection with the Distribution, including any amendments or supplements thereto. 

“IRS” means the Internal Revenue Service or any successor thereto, including its agents, representatives and attorneys. 

“JAX” has the meaning set forth in the preamble to this Agreement. 

“JAX Business” means the business and operations conducted by the JAX Group from time to time, whether before, at or after
the Effective Time, including, without limitation, the business and operations conducted by the JAX Group, as more fully described in the Information Statement. 

“JAX Common Stock” means all of the issued and outstanding shares of common stock of JAX, par value $.001 per share. 

“JAX Group” means JAX and each Person that will be a direct or indirect Subsidiary of JAX immediately before the Distribution
(but after giving effect to the Restructuring) and each Person that is or becomes a member of the JAX Group after the Distribution, including any Person that is or was merged into JAX or any such direct or indirect Subsidiary. The term “JAX
Group” does not include any former, current or future holder of JAX Common Stock. 
 “JAX Holdings” means J.
Alexander’s Holdings, LLC, a Delaware limited liability company, all of the capital interest in which will be owned, directly and indirectly by JAX after the Restructuring. 

“KPMG” means KPMG LLP. 

“Minority Contribution” has the meaning set forth in the recitals to this Agreement. 

“NewCo” means initially, a newly formed wholly-owned subsidiary of FNFV organized solely for the purpose of holding a 1%
Class A membership interest in JAX Holdings in connection with the Restructuring, which following the Restructuring will be a wholly-owned subsidiary of JAX. 

“NewCo Contribution” has the meaning set forth in the recitals to this Agreement. 

“NYSE” means the New York Stock Exchange, Inc. 

“Opinion” means the opinion of KPMG with respect to certain Tax aspects of the Pre-Closing Contributions and the
Distribution. 
 “Ordinary Course of Business” means an action taken by a Person only if such action is taken in the
ordinary course of the normal day-to-day operations of such Person. 
 “Party” has the meaning set forth in the preamble to
this Agreement. 

  
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 “Person” means any natural person, corporation, general or limited partnership,
limited liability company or partnership, joint stock company, joint venture, association, trust, bank, trust company, land trust, business trust or other organization, whether or not a legal entity, and any Governmental Authority. 

“Pre-Closing Contributions” has the meaning set forth in the recitals to this Agreement. 

“Proposed Acquisition Transaction” means a transaction or series of transactions (or any agreement, understanding or
arrangement, within the meaning of Section 355(e) of the Code and Treasury Regulation Section 1.355-7, or any other regulations promulgated thereunder, to enter into a transaction or series of transactions), whether such transaction is
supported by JAX management or shareholders, is a hostile acquisition, or otherwise, as a result of which JAX would merge or consolidate with any other Person or as a result of which one or more Persons would (directly or indirectly) acquire, or
have the right to acquire, from JAX and/or one or more holders of outstanding shares of JAX capital stock, as the case may be, a number of shares of JAX capital stock that would, when combined with any other changes in ownership of JAX capital stock
pertinent for purposes of Section 355(e) of the Code, comprise 40% or more of (A) the value of all outstanding shares of stock of JAX as of the date of such transaction, or in the case of a series of transactions, the date of the last
transaction of such series, or (B) the total combined voting power of all outstanding shares of voting stock of JAX as of the date of such transaction, or in the case of a series of transactions, the date of the last transaction of such series.
Notwithstanding the foregoing, a Proposed Acquisition Transaction shall not include (A) the adoption by JAX of a shareholder rights plan or (B) issuances by JAX that satisfy Safe Harbor VIII (relating to acquisitions in connection with a
person’s performance of services) or Safe Harbor IX (relating to acquisitions by a retirement plan of an employer) of Treasury Regulation Section 1.355-7(d). For purposes of determining whether a transaction constitutes an indirect
acquisition, any recapitalization resulting in a shift of voting power or any redemption of shares of stock shall be treated as an indirect acquisition of shares of stock by the non-exchanging shareholders. This definition and the application
thereof is intended to monitor compliance with Section 355(e) of the Code and shall be interpreted accordingly. Any clarification of, or change in, the statute or regulations promulgated under Section 355(e) of the Code shall be
incorporated in this definition and its interpretation. 
 “Restructuring” means the Pre-Closing Contributions, the
Minority Contribution, and the FNFV Distribution, collectively. 
 “SAG” has the meaning ascribed to the term
“separate affiliated group” in Section 355(b)(3)(B) of the Code. 
 “Separation and Distribution Agreement”
means the Separation and Distribution Agreement by and between the Parties dated September 16, 2015. 
 “Subsidiary”
means, with respect to any Person, any other Person of which such first Person (either alone or through or together with any other Subsidiary of such first Person) owns, directly or indirectly, a majority of the stock or other equity interests the
holders of which are generally entitled to vote for the election of the board of directors or other governing body of such other Person. 

  
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 “Tax” means (i) all taxes, charges, fees, duties, levies, imposts, or other
similar assessments, imposed by any federal, state or local or foreign governmental authority, including income, gross receipts, excise, property, sales, use, license, capital stock, transfer, franchise, payroll, withholding, social security, value
added, real property transfer, intangible, recordation, registration, documentary, stamp and other taxes of any kind whatsoever and (ii) any interest, penalties or additions attributable thereto. 

“Tax Detriment” shall mean an increase in the Tax liability (or reduction in refund or credit or item of deduction or
expense, including any carryforward) of a taxpayer (or of the Affiliated Group of which it is a member) for any taxable period. 

“Tax-Free Status of the Transactions” means the qualification of the Pre-Closing Contributions and the Distribution as a
transaction in which no gain or loss is recognized within the meaning of Section 351(a) of the Code and a distribution to which Section 355(a) of the Code applies and in which the JAX Common Stock distributed is “qualified
property” under Section 355(c) of the Code. 
 “Taxing Authority” means any governmental authority or any
subdivision, agency, commission or entity thereof or any quasi-governmental or private body having jurisdiction over the assessment, determination, collection or imposition of any Tax (including the IRS). 

“Tax Item” shall mean any item of income, gain, loss, deduction, expense or credit, or other attribute that may have the
effect of increasing or decreasing any Tax. 
 “Tax Materials” means (i) the Opinion, (ii) the representation
letter from FNF addressed to KPMG supporting the Opinion, (iii) the representation letter from JAX addressed to KPMG supporting the Opinion and (iv) any other materials delivered or deliverable by FNF or JAX in connection with the
rendering by KPMG of the Opinion. 
 “Tax Matter” has the meaning set forth in Section 4.01. 

“Tax Notice” has the meaning set forth in Section 2.04. 

“Tax Return” means any return, report, certificate, form or similar statement or document (including any related or
supporting information or schedule attached thereto and any information return, or declaration of estimated Tax) supplied or required to be supplied to, or filed with, a Taxing Authority in connection with the payment, determination, assessment or
collection of any Tax or the administration of any laws relating to any Tax and any amended Tax return or claim for refund. 

“Transaction Documents” means this Agreement, the Management Agreement and the Separation and Distribution Agreement. 

  
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 “Transaction Taxes” shall mean any Tax Detriment incurred by FNF, JAX or their
Affiliates as a result of the Pre-Closing Contributions or the Distribution failing to qualify under Section 351(a) of the Code and a distribution to which Section 355 of the Code applies or corresponding provisions of other applicable
Laws with respect to Taxes. 
 “Transfer Taxes” means all sales, use, transfer, real property transfer, intangible,
recordation, registration, documentary, stamp or similar Taxes imposed on the Pre-Closing Contributions or the Distribution. The term “Transfer Taxes” does not include any income tax or any tax in the nature of an income tax (e.g. a tax
imposed on net or gross income). 
 “Treasury Regulations” means the final and temporary (but not proposed) federal income
Tax regulations promulgated under the Code, as such regulations may be amended from time to time (including corresponding provisions of succeeding regulations). 

“Unqualified Tax Opinion” means a “will” opinion, without substantive qualifications, of a nationally recognized
law firm to the effect that a transaction will not affect the Tax-Free Status of the Transactions. 
 1.02 Additional
Definitions. Capitalized terms not defined in this Agreement shall have the meaning ascribed to them in the Separation Agreement. 

ARTICLE II 
 ALLOCATION,
PAYMENT AND INDEMNIFICATION 
 2.01 Responsibility for Taxes; Indemnification. 

(a) FNF shall be responsible for and shall pay, and shall indemnify and hold harmless the members of the JAX Group for, all Tax liabilities
(and any loss, cost, damage or expense, including reasonable attorneys’ fees and costs, incurred in connection therewith) attributable to (i) any Taxes of the members of the FNF Group paid or filed on a separate company basis or on an
Affiliated Group basis; (ii) any Transaction Taxes; and (iii) all Transfer Taxes; except, in each case, for Taxes that arise from or are attributable to a Disqualifying Action. 

(b) JAX shall be responsible for and shall pay, and shall indemnify and hold harmless the members of the FNF Group for, all Tax liabilities
(and any loss, cost, damage or expense, including reasonable attorneys’ fees and costs, incurred in connection therewith) attributable to (i) any Taxes of the members of the JAX Group not described in Section (a); and (ii) any
Taxes that arise from or are attributable to a Disqualifying Action. 
 (c) (If the Indemnifying Party is required to indemnify the
Indemnified Party pursuant to this Section 2.01, the Indemnified Party (i.e., the Party seeking indemnification) shall submit its calculations of the amount required to be paid pursuant to this Section 2.01, showing such
calculations in sufficient detail so as to permit the Indemnifying Party to understand the calculations. Subject to the following sentence, the Indemnifying Party shall pay to the Indemnified Party, no later than 20 days after the Indemnifying Party
receives the Indemnified Party’s calculations, the amount that the Indemnifying Party is required to pay the Indemnified Party under this Section 2.01. If the Indemnifying Party disagrees with such calculations, it must notify the
Indemnified Party of its disagreement in writing within 15 days of receiving such calculations. 

  
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 (d) For all Tax purposes, the FNF Group and the JAX Group agree to treat (i) any payment
required by this Agreement (other than payments with respect to interest accruing after the Effective Time) as either a contribution by FNF to JAX or a distribution by JAX to FNF, as the case may be, occurring immediately prior to the Effective Time
and (ii) any payment of interest or non-federal Taxes by or to a Taxing Authority as taxable or deductible, as the case may be, to the party entitled under this Agreement to retain such payment or required under this Agreement to make such
payment, in either case except as otherwise mandated by applicable Law. 
 (e) The amount of any indemnification payment pursuant to this
Section 2.01 shall be reduced by the amount of any reduction in Taxes actually realized by the Indemnified Party by the end of the taxable year in which the indemnity payment is made, and shall be increased if and to the extent necessary
to ensure that, after all required Taxes on the indemnity payment are paid (including Taxes applicable to any increases in the indemnity payment under this Section (e)), the Indemnified Party receives on a net after-tax basis, the amount it
would have received if the indemnity payment was not taxable. 
 2.02 Preparation of Tax Returns. 

(a) (FNF shall prepare and timely file (taking into account applicable extensions) all Tax Returns with respect to which it is responsible for
any Taxes shown thereon under Section 2.01(a)(i). FNF shall be entitled to all refunds shown to be due and payable on such Tax Returns. 

(b) Unless otherwise required by a Taxing Authority, the Parties agree to prepare and file all Tax Returns, and to take all other actions, in a
manner consistent with this Agreement. 
 (c) Notwithstanding anything to the contrary in this Agreement, for all Tax purposes, the parties
shall report any Extraordinary Transactions that are caused or permitted to occur as a result of action by JAX or any of its Subsidiaries on the Closing Date after the completion of the Distribution as occurring on the day after the Closing Date
pursuant to Treasury Regulation Section 1.1502-76(b)(1)(ii)(B) or any similar or analogous provision of state, local or foreign Law. FNF shall not make a ratable allocation election pursuant to Treasury Regulation
Section 1.1502-76(b)(2)(ii)(D) or any similar or analogous provision of state, local or foreign Law. 
 2.03 Payment of Sales,
Use or Similar Taxes. All Transfer Taxes, shall be borne solely by FNF. Notwithstanding anything in this Section 2.03 to the contrary, the Party required by applicable law shall remit payment for any Transfer Taxes and duly and timely file
any related Tax Returns, subject to any indemnification rights it may have against the other Party, which shall be paid in accordance with Section 2.01(c). JAX, FNF and their respective Affiliates shall cooperate in (i) determining the
amount of such Taxes, (ii) providing all available exemption certificates and (iii) preparing and timely filing any and all required Tax Returns for or with respect to such Taxes with any and all appropriate Taxing Authorities. 

  
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 2.04 Audits and Proceedings. 

(a) Notwithstanding any other provision hereof, if after the Closing Date, an Indemnified Party or any of its Affiliates receives any notice,
letter, correspondence, claim or decree from any Taxing Authority (a “Tax Notice”) and, upon receipt of such Tax Notice, believes it has suffered or potentially could suffer any Tax liability for which it is indemnified pursuant to
Section 2.01, the Indemnified Party shall deliver such Tax Notice to the Indemnifying Party within 10 days of the receipt of such Tax Notice; provided, however, that the failure of the Indemnified Party to provide the Tax
Notice to the Indemnifying Party in a timely manner shall not affect the indemnification rights of the Indemnified Party pursuant to Section 2.01, except to the extent that the Indemnifying Party is prejudiced by the Indemnified
Party’s failure to deliver such Tax Notice in a timely manner. The Indemnifying Party shall have the right to handle, defend, conduct and control, at its own expense, any Tax audit or other proceeding that relates to such Tax Notice;
provided that, in all events, FNF shall have the right to control any Tax audit or proceeding relating to Transaction Taxes or the Tax-Free Status of the Transactions. The Indemnifying Party shall also have the right to compromise or settle
any such Tax audit or other proceeding that it has the authority to control pursuant to the preceding sentence subject, in the case of a compromise or settlement that could adversely affect the Indemnified Party, to the Indemnified Party’s
consent, which consent shall not be unreasonably withheld. If the Indemnifying Party fails within a reasonable time after notice to defend any such Tax Notice or the resulting audit or proceeding as provided herein, the Indemnifying Party shall be
bound by the results obtained by the Indemnified Party in connection therewith. The Indemnifying Party shall pay to the Indemnified Party the amount of any Tax liability within 15 days after a Final Determination of such Tax liability. 

(b) If after the Closing Date, FNF, JAX or any of their respective Affiliates receive a Tax Notice that could have an impact on a member of the
other Group, FNF or JAX, as applicable, shall deliver such Tax Notice to the other Party within 10 days of the receipt of such Tax Notice. 

2.05 Amended Returns; Carrybacks. (a) Except as required by law, without the prior written consent of JAX or one of its
Affiliates, FNF may not amend any FNF Consolidated Return with respect to any Pre-Closing Period to the extent such amendment materially adversely affects the Tax liability of JAX or any of its Affiliates. 

(a) To the extent permitted by applicable Law, neither JAX nor any of its Affiliates shall carry back any federal income Tax Item to any
taxable period (or portion thereof) ending on or before the Closing Date. 
 2.06 Refunds. Any refund of federal income Tax
received from a Taxing Authority by any member of the FNF Group or the JAX Group with respect to a FNF Consolidated Return shall be the property of the FNF Group, regardless of whether all or any portion of such refund is attributable to any credit
or deduction of any member of the JAX Group. The Parties acknowledge and agree that this Agreement is intended to create a debtor-creditor relationship between the parties, and that no member of the FNF Group shall be treated as receiving any such
refund of federal income Tax as an agent or trustee of any member of the JAX Group. 

  
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 2.07 Earnings and Profits Allocation. FNF will advise JAX in writing of the
decrease in FNF earnings and profits attributable to the Distribution under Section 312(h) of the Code on or before the first anniversary of the Distribution. 

ARTICLE III 
 TAX-FREE
STATUS OF THE DISTRIBUTION 
 3.01 Representations and Warranties. 

(a) JAX. JAX hereby represents and warrants or covenants and agrees, as appropriate, that the facts presented and the representations
made in the representation letter from JAX addressed to KPMG supporting the Opinion are, or will be from the time presented or made through and including the Effective Time and thereafter, true, correct and complete in all respects. 

(b) FNF. FNF hereby represents and warrants or covenants and agrees, as appropriate, that the facts presented and the representations
made in the representation letter from FNF addressed to KPMG supporting the Opinion any other materials delivered or deliverable by FNF in connection with the rendering by KPMG of the Opinion are, or will be from the time presented or made through
and including the Effective Time and thereafter, true, correct and complete in all respects. 
 (c) No Contrary Knowledge. Each of FNF
and JAX represents and warrants that it knows of no fact that may cause the Tax treatment of the Pre-Closing Contributions or the Distribution to be other than the Tax-Free Status of the Transactions. 

(d) No Contrary Plan. Each of FNF and JAX represents and warrants that neither it, nor any of its Affiliates, has any plan or intent to
take any action that is inconsistent with any statements or representations made in the Tax Materials. 
 3.02 Restrictions
Relating to the Distribution. 
 (a) General. Neither FNF nor JAX shall take or fail to take, nor shall FNF or JAX permit any
member of their respective Group to take or fail to take, as applicable, any action within its control that would negate the Tax-Free Status of the Transactions. 

(b) Restrictions. Prior to the first day following the second anniversary of the Distribution (the “Restriction
Period”), JAX: 
 (i) shall continue and cause to be continued the active conduct of the JAX Business, in each case taking into
account Section 355(b)(3) of the Code, in all cases as conducted immediately prior to the Distribution; 
 (ii) (shall not voluntarily
dissolve or liquidate (including any action that is a liquidation for federal income tax purposes); 

  
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 (iii) shall not (A) enter into any Proposed Acquisition Transaction or, to the extent JAX
has the right to prohibit any Proposed Acquisition Transaction, permit any Proposed Acquisition Transaction to occur, (B) redeem or otherwise repurchase (directly or through an Affiliate) any stock, or rights to acquire stock, except to the
extent such repurchases satisfy Section 4.05(1)(b) of Revenue Procedure 96-30 (as in effect prior to the amendment of such Revenue Procedure by Revenue Procedure 2003-48), (C) amend its certificate of incorporation (or other organizational
documents), or take any other action, whether through a stockholder vote or otherwise, affecting the relative voting rights of its capital stock (including through the conversion of any capital stock into another class of capital stock),
(D) merge or consolidate with any other Person or (E) take any other action or actions (including any action or transaction that would be reasonably likely to be inconsistent with any representation made in the Tax Materials) that in the
aggregate (and taking into account any other transactions described in this Section 3.02(b)(iii)) would be reasonably likely to have the effect of causing or permitting one or more Persons (whether or not acting in concert) to acquire
directly or indirectly stock representing a Fifty-Percent or Greater Interest in JAX or otherwise jeopardize the Tax-Free Status of the Transactions; and 

(iv) shall not, and shall not permit any member of its SAG to, sell, transfer, or otherwise dispose of or agree to sell, transfer or otherwise
dispose (including in any transaction treated for federal income tax purposes as a sale, transfer or disposition) of assets (including any shares of capital stock of a Subsidiary) that, in the aggregate, constitute more than 30% of the gross assets
of JAX or more than 30% of the consolidated gross assets of JAX and members of its SAG. The foregoing sentence shall not apply to (A) sales, transfers, or dispositions of assets in the Ordinary Course of Business, (B) any cash paid to
acquire assets from an unrelated Person in an arm’s-length transaction, (C) any assets transferred to a Person that is disregarded as an entity separate from the transferor for federal income tax purposes or (D) any mandatory or
optional repayment (or pre-payment) of any indebtedness of JAX (or any member of its SAG). The percentages of gross assets or consolidated gross assets of JAX or its SAG, as the case may be, sold, transferred, or otherwise disposed of, shall be
based on the fair market value of the gross assets of JAX and the members of its SAG as of the Closing Date. For purposes of this Section 3.02(b)(iv), a merger of JAX (or a member of its SAG) with and into any Person shall constitute a
disposition of all of the assets of JAX or such member. 
 (c) Notwithstanding the restrictions imposed by Section 3.02(b),
during the Restriction Period, JAX may proceed with any of the actions or transactions described therein, if (i) JAX shall first have requested FNF to obtain a private letter ruling from the IRS or an Unqualified Tax Opinion in accordance with
Section 3.03(a) to the effect that such action or transaction will not adversely affect the Tax-Free Status of the Transactions and FNF shall have received such a private letter ruling or Unqualified Tax Opinion in form and substance
reasonably satisfactory to it or (ii) FNF shall have waived in writing the requirement to obtain such private letter ruling or opinion. In determining whether such a ruling or opinion is satisfactory, FNF shall exercise its discretion, in good
faith, solely to preserve the Tax-Free Status of the Transactions and may consider, among other factors, the appropriateness of any underlying assumptions or representations used as a basis for the ruling or opinion and the views on the substantive
merits. 

  
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 (d) Certain Issuances of Capital Stock. If JAX proposes to enter into any transaction
described under Section 3.02(b), or, to the extent JAX has the right to prohibit any such transaction, proposes to permit any such transaction to occur, in each case, during the Restriction Period, JAX shall provide FNF, no later than
ten (10) days following the signing of any written agreement or other material documentation, including, but not limited to, a letter of intent, with respect to any such transaction, with a written description of such transaction (including the
type and amount of JAX capital stock, if any, to be issued in such transaction). 
 (e) Tax Reporting. Each of FNF and JAX covenants
and agrees that it will not take, and will cause its respective Affiliates to refrain from taking, any position on any Tax Return that is inconsistent with the Tax-Free Status of the Transactions. 

3.03 Procedures Regarding Opinions and Rulings. 

(a) If JAX notifies FNF that it desires to take one of the actions described in Section 3.02(b) (a “Notified
Action”), FNF shall cooperate with JAX and use commercially reasonable efforts to seek to obtain, as expeditiously as possible, a private letter ruling from the IRS or an Unqualified Tax Opinion for the purpose of permitting JAX to take the
Notified Action, unless FNF shall have waived the requirement to obtain such private letter ruling or opinion. JAX shall reimburse FNF for all reasonable costs and expenses incurred by the FNF Group in obtaining a private letter ruling from the IRS
or Unqualified Tax Opinion, as requested by JAX within ten (10) days after receiving an invoice from FNF therefor. If a private letter ruling from the IRS is to be sought, FNF shall apply for such ruling and FNF and JAX shall jointly control
the process of obtaining such ruling. In no event shall FNF be required to file any private letter ruling request under this Section 3.03(a) unless JAX represents that (i) it has read such ruling request, and (ii) all
information and representations, if any, relating to any member of the JAX Group contained in such ruling request documents are (subject to any qualifications therein) true, correct and complete. 

(b) FNF shall have the right to obtain a private letter ruling from the IRS or an Unqualified Tax Opinion deemed by it to be relevant to the
Tax-Free Status of the Transactions, at any time, in its sole and absolute discretion. If FNF determines to obtain such ruling or opinion, JAX shall (and shall cause each JAX Affiliate to) cooperate with FNF and take any and all actions reasonably
requested by FNF in connection with obtaining such ruling or opinion (including by making any representation or reasonable covenant or providing any materials requested by the IRS or the tax advisor issuing such opinion); provided that JAX
shall not be required to make (or cause a JAX Affiliate to make) any representation or covenant that is inconsistent with historical facts or as to future matters or events over which it has no control. In connection with obtaining such ruling, FNF
shall apply for such ruling and shall have sole and exclusive control over the process of obtaining such ruling. FNF and JAX shall each bear its own costs and expenses in obtaining a ruling or Unqualified Tax Opinion requested by FNF under this
Section 3.03(b). 
 (c) Except as provided in Sections 3.03(a) and (b), neither JAX nor any JAX Affiliate shall seek any
guidance from the IRS or any other Taxing Authority (whether written, verbal or otherwise) at any time concerning the Restructuring or Distribution (including the impact of any transaction on the Restructuring or Distribution). 

  
 13 

 ARTICLE IV 

COOPERATION 
 4.01
General Cooperation. The Parties shall each cooperate fully (and each shall cause its respective Subsidiaries to cooperate fully) with all reasonable requests in writing (“Information Request”) from the other Party, or from an
agent, representative or advisor to such Party, in connection with the preparation and filing of Tax Returns, claims for Tax refunds, Tax proceedings, and calculations of amounts required to be paid pursuant to this Agreement, in each case, related
or attributable to or arising in connection with Taxes of any of the Parties or their respective Subsidiaries covered by this Agreement and the establishment of any reserve required in connection with any financial reporting (a “Tax
Matter”). Such cooperation shall include the provision of any information reasonably necessary or helpful in connection with a Tax Matter (“Information”) and shall include, at each Party’s own cost: 

(a) the provision of any Tax Returns of the Parties and their respective Subsidiaries, books, records (including information regarding
ownership and Tax basis of property), documentation and other information relating to such Tax Returns, including accompanying schedules, related work papers, and documents relating to rulings or other determinations by Taxing Authorities; 

(b) the execution of any document (including any power of attorney) in connection with any Tax proceedings of any of the Parties or their
respective Subsidiaries, or the filing of a Tax Return or a Tax refund claim of the Parties or any of their respective Subsidiaries; 
 (c)
the use of the Party’s commercially reasonable efforts to obtain any documentation in connection with a Tax Matter; and 
 (d) the use
of the Party’s commercially reasonable efforts to obtain any Tax Returns (including accompanying schedules, related work papers, and documents), documents, books, records or other information in connection with the filing of any Tax Returns of
any of the Parties or their Subsidiaries. 
 Each Party shall make its employees, advisors, and facilities available, without charge, on a
reasonable and mutually convenient basis in connection with the foregoing matters. 
 4.02 Retention of Records. FNF and JAX
shall retain or cause to be retained all Tax Returns, schedules and work papers, and all material records or other documents relating thereto in their possession, until 60 days after the expiration of the applicable statute of limitations (including
any waivers or extensions thereof) of the taxable periods to which such Tax Returns and other documents relate or until the expiration of any additional period that any Party reasonably requests, in writing, with respect to specific material records
or documents. A Party intending to destroy any material records or documents shall provide the other Party with reasonable advance notice and the opportunity to copy or take possession of such records and documents. The Parties hereto will notify
each other in writing of any waivers or extensions of the applicable statute of limitations that may affect the period for which the foregoing records or other documents must be retained. 

  
 14 

 ARTICLE V 

MISCELLANEOUS 
 5.01
Tax Sharing Agreements. All Tax sharing, indemnification and similar agreements, written or unwritten, as between any member of the FNF Group, on the one hand, and any member of the JAX Group, on the other (other than this Agreement and
any other Transaction Document), shall be or shall have been terminated no later than the Effective Time and, after the Effective Time, no member of the FNF Group or JAX Group shall have any further rights or obligations under any such Tax sharing,
indemnification or similar agreement. 
 5.02 Interest on Late Payments. With respect to any payment between the Parties
pursuant to this Agreement not made by the due date set forth in this Agreement for such payment, the outstanding amount will accrue interest at a rate per annum equal to the rate in effect for underpayments under Section 6621 of the Code from
such due date to and including the payment date. 
 5.03 Survival of Covenants. Except as otherwise contemplated by this
Agreement, all covenants and agreements of the Parties contained in this Agreement shall survive the Effective Time and remain in full force and effect in accordance with their applicable terms; provided, however, that the representations and
warranties and all indemnification for Taxes shall survive until 60 days following the expiration of the applicable statute of limitations (taking into account all extensions thereof), if any, of the Tax that gave rise to the indemnification;
provided, further, that, in the event that notice for indemnification has been given within the applicable survival period, such indemnification shall survive until such time as such claim is finally resolved. 

5.04 Termination. Notwithstanding any provision to the contrary, this Agreement may be terminated and the Distribution abandoned
at any time prior to the Effective Time by and in the sole discretion of FNF without the prior approval of any Person, including JAX. In the event of such termination, this Agreement shall become void and no party, or any of its officers and
directors, shall have any liability to any Person by reason of this Agreement. After the Effective Time, this Agreement may not be terminated except by an agreement in writing signed by each of the Parties to this Agreement. 

5.05 Severability. If any term or other provision of this Agreement is invalid, illegal or incapable of being enforced under any
Law or as a matter of public policy, all other conditions and provisions of this Agreement shall remain in full force and effect. Upon such determination that any term or other provision is invalid, illegal or incapable of being enforced, the
Parties to this Agreement shall negotiate in good faith to modify this Agreement so as to effect the original intent of the parties as closely as possible in a mutually acceptable manner in order that the transactions contemplated by this Agreement
be consummated as originally contemplated to the greatest extent possible. 
 5.06 Entire Agreement. Except as otherwise
expressly provided in this Agreement, this Agreement constitutes the entire agreement of the Parties hereto with respect to the subject matter of this Agreement and supersedes all prior agreements and undertakings, both written and oral, between or
on behalf of the Parties hereto with respect to the subject matter of this Agreement. 

  
 15 

 5.07 Effective Date. This Agreement shall become effective only upon the occurrence
of the Distribution. 
 5.08 No Third Party Beneficiaries. This Agreement does not and is not intended to confer any rights or
remedies upon any Person other than the Parties. 
 5.09 Dispute Resolution. The Parties shall appoint a nationally-recognized
independent public accounting firm (the “Accounting Firm”) to resolve any dispute as to matters covered by this Agreement. In this regard, the Accounting Firm shall make determinations with respect to the disputed items based solely
on representations made by FNF and JAX and their respective representatives, and not by independent review, and shall function only as an expert and not as an arbitrator and shall be required to make a determination in favor of one Party only. The
Parties shall require the Accounting Firm to resolve all disputes no later than thirty (30) days after the submission of such dispute to the Accounting Firm, but in no event later than the Due Date for the payment of Taxes or the filing of the
applicable Tax Return, if applicable, and agree that all decisions by the Accounting Firm with respect thereto shall be final, conclusive and binding on the Parties. The Accounting Firm shall resolve all disputes in a manner consistent with this
Agreement and, to the extent not inconsistent with this Agreement, in a manner consistent with the past practices of FNF and its Subsidiaries, except as otherwise required by applicable law. The Parties shall require the Accounting Firm to render
all determinations in writing and to set forth, in reasonable detail, the basis for such determination. The fees and expenses of the Accounting Firm shall be paid by the non-prevailing Party. 

5.10 Other. Sections 10.3 (Governing Law), 10.4 (Notices), 10.5 (Amendment, Modification or Waiver), 10.6 (No Assignment; Binding
Effect; No Third Party Beneficiaries), 10.7 (Counterparts), 10.9 (Specific Performance), and 10.12 (Interpretation) of the Separation and Distribution Agreement are incorporated herein by reference, mutatis mutandis. 

[Remainder of page intentionally left blank] 

  
 16 

 IN WITNESS WHEREOF, the Parties hereto have caused this Agreement to be executed on the date
first written above by their respective duly authorized officers. 
  

			
	 FIDELITY NATIONAL FINANCIAL, INC., 

a Delaware corporation

		
	By 	 	 /s/ Raymond R. Quirk

	Name:	 	Raymond R. Quirk
	Title:	 	Chief Executive Officer
	
	 J. ALEXANDER’S HOLDINGS, INC., 

a Tennessee corporation

		
	By	 	 /s/ Lonnie J. Stout II

	Name:	 	Lonnie J. Stout II
	Title:	 	President and Chief Executive Officer

 (Signature Page to Tax Matters Agreement) 

  
 17EX-10.3

 Exhibit 10.3 

J. ALEXANDER’s HOLDINGS, INC. 

2015 EQUITY INCENTIVE PLAN 

Section 1. Purpose. 
 This plan shall
be known as the “J. Alexander’s Holdings, Inc. 2015 Equity Incentive Plan” (the “Plan”). The purpose of the Plan is to promote the interests of J. Alexander’s Holdings, Inc., a Tennessee corporation (the
“Company”), its Subsidiaries and its shareholders by (i) attracting and retaining key officers, employees, and directors of, and consultants to, the Company, its Subsidiaries and Affiliates; (ii) motivating such individuals by
means of performance-related incentives to achieve long-range performance goals; (iii) enabling such individuals to participate in the long-term growth and financial success of the Company; (iv) encouraging ownership of stock in the
Company by such individuals; and (v) linking such individuals’ compensation to the long-term interests of the Company and its shareholders. 

Section 2. Definitions. 
 As used in
the Plan, the following terms shall have the meanings set forth below: 
 (a) “Affiliate” means each of the
following: (a) any Subsidiary; (b) any corporation, trade or business (including, without limitation, a partnership or limited liability company) which is directly or indirectly controlled 50% or more (whether by ownership of stock,
assets or an equivalent ownership interest or voting interest) by the Company or one of its Affiliates; (c) any trade or business (including, without limitation, a partnership or limited liability company) which directly or indirectly controls
50% or more (whether by ownership of stock, assets or an equivalent ownership interest or voting interest) of the Company; and (d) any other entity in which the Company or any of its Affiliates has a material equity interest, and, in the case
of (b), (c) and (d), which is designated as an “Affiliate” by resolution of the Committee. 
 (b) “Award”
means any Option, Stock Appreciation Right, Restricted Share Award, Restricted Share Unit, Performance Award, Other Stock-Based Award or any other right, interest or option relating to Shares or other property (including cash) granted pursuant to
the provisions of the Plan. 
 (c) “Award Agreement” means any written agreement, contract or other instrument or document
evidencing any Award, which shall have been duly executed and delivered on behalf of the Company, but which may, but need not, be executed or acknowledged by a Participant. For avoidance of doubt, Award Agreements include any employment agreement or
change in control agreement between the Company and any Participant that refers to Awards and any letter or electronic mail notifying a Participant that he or she has received an Award. 

(d) “Board” means the Board of Directors of the Company. 

(e) “Change in Control” means, unless otherwise defined in the applicable Award Agreement, any of the following events: 

(i) an event or series of events (other than an offering of Shares to the general public through a registration
statement filed with the Securities and Exchange Commission) by which any person, entity or “group,” within the meaning of Section 13(d) or 14(d) under the Exchange Act, other than the Company, any of its Subsidiaries, any employee
benefit plan thereof, becomes the beneficial owner, directly or indirectly, of more than 35% of the combined voting power of the voting securities of the Company; 

(ii) Individuals who, as of the date hereof, constitute the Board (the “Incumbent Board”) cease for any reason
to constitute at least a majority of the Board, provided that any person becoming a director subsequent to the date hereof whose election, or nomination for election by the Company’s shareholders, was approved by a vote of at least a majority
of the 

 
directors then comprising the Incumbent Board (other than an election or nomination of an individual whose initial assumption of office is in connection with an actual or threatened election
contest relating to the election of the Directors of the Company or other actual or threatened solicitation of proxies or consents by or on behalf of a person other than the Board) shall be, for purposes of this Agreement, considered as though such
person were a member of the Incumbent Board; 
 (iii) the consummation of a merger, consolidation, reorganization, or
other business combination of the Company with any other entity, other than a merger, consolidation, reorganization or other business combination which would result in the voting securities of the Company outstanding immediately prior thereto
continuing to represent (either by remaining outstanding or by being converted into voting securities of the surviving entity), more than 50% of the combined voting power of the voting securities of the Company or such surviving entity outstanding
immediately after such merger, consolidation, reorganization or other business combination; or 
 (iv) the
consummation of a sale, exchange or transfer of all or substantially all the assets of the Company and its Subsidiaries (taken as a whole), other than a sale or disposition of all or substantially all the assets of the Company and its Subsidiaries
to an entity, more than 50% of the combined voting power of the voting securities of which are “beneficially owned” by shareholders of the Company in substantially the same proportions as their ownership of the Company immediately prior to
such sale; 
 Notwithstanding the foregoing, (i) unless otherwise provided in an applicable Award Agreement, with respect to Awards constituting a
“deferral of compensation” subject to Section 409A of the Code, a Change in Control shall be limited to a “change in the ownership of the Company,” a “change in the effective control of the Company,” or a
“change in the ownership of a substantial portion of the assets of the Company” as such terms are defined in Section 1.409A-3(i)(5) of the U.S. Treasury Regulations, and (ii) no Award Agreement shall define a Change in Control in
such a manner that a Change in Control would be deemed to occur prior to the actual consummation of the event or transaction that results in a change of control of the Company (e.g., upon the announcement, commencement, or shareholder approval of
any event or transaction that, if completed, would result in a change in control of the Company). 
 (f) “Code” means the
Internal Revenue Code of 1986, as amended from time to time. 
 (g) “Committee” means the Compensation Committee of the
Board or a subcommittee thereof, or such other committee designated by the Board to administer the Plan. To the extent that compensation realized in respect of Awards is intended to be “performance based” under Section 162(m) and the
Committee is not comprised solely of individuals who are “outside directors” within the meaning of Section 162(m), the Committee may from time to time delegate some or all of its functions under the Plan to a committee or subcommittee
composed of members that meet the relevant requirements. 
 (h) “Consultant” means any consultant or advisor who is a
natural person and who provides services to the Company or its Affiliates, so long as such person (i) renders bona fide services that are not in connection with the offer and sale of the Company’s securities in a capital raising
transaction and (ii) does not directly or indirectly promote or maintain a market for the Company’s securities. 
 (i)
“Covered Employee” means any Employee who is, or could be, a “covered employee” within the meaning of Section 162(m) of the Code. 

(j) “Director” means a member of the Board. 

 (k) “Employee” means a current or prospective officer or employee of the Company
or any Affiliate. 
 (l) “Exchange Act” means the Securities Exchange Act of 1934, as amended from time to time. 

(m) “Fair Market Value”means, with respect to Shares as of any date, the value of a Share determined as follows: (i) if
the Shares are listed on any (x) established securities exchange (such as the New York Stock Exchange, the NASDAQ Global Market and the NASDAQ Global Select Market), (y) national market system or (z) automated quotation system on
which the Shares are listed, quoted or traded, its Fair Market Value shall be the closing sales price for a Share as quoted on such exchange or system for such date or, if there is no closing sales price for a Share on the date in question, the
closing sales price for a Share on the last preceding date for which such quotation exists, as reported in The Wall Street Journal or such other source as the Committee deems reliable; (ii) if the Shares are not listed on an established
securities exchange, national market system or automated quotation system, but the Shares are regularly quoted by a recognized securities dealer, its Fair Market Value shall be the mean of the high bid and low asked prices for such date or, if there
are no high bid and low asked prices for a Share on such date, the high bid and low asked prices for a Share on the last preceding date for which such information exists, as reported in The Wall Street Journal or such other source as the
Committee deems reliable; or (iii) in the event the Shares are neither listed on an established securities exchange, national market system or automated quotation system nor regularly quoted by a recognized securities dealer, its Fair Market
Value shall be established by the Committee in good faith. 
 (n) “Grant Price” means the price established at the time of
grant of an SAR pursuant to Section 6 used to determine whether there is any payment due upon exercise of the SAR. 
 (o)
“Incentive Stock Option” means an Option that is granted under Section 6 of the Plan and that is intended to meet the requirements of Section 422 of the Code or any successor provision thereto. 

(p) “Non-Qualified Stock Option” means an Option that is granted under Sections 6 or 10 of the Plan and is
not an Incentive Stock Option, including any Option that was intended to qualify as an Incentive Stock Option and fails to so qualify for any reason. 

(q) “Non-Employee Director” means a member of the Board who is not an officer or employee of the Company or any Subsidiary of
the Company. 
 (r) “Option” means any right granted to a Participant under the Plan allowing such Participant to purchase
Shares at an Option Price and during such period or periods as the Committee shall determine. 
 (s) “Option Price” means
the purchase price payable to purchase one Share upon the exercise of an Option. 
 (t) “Other Stock-Based Award” means any
Award granted under Section 9 of the Plan. 
 (u) “Participant” means any Employee, Director, or Consultant who
receives an Award under the Plan. 
 (v) “Performance Award” means any Award granted under Section 8 of the
Plan. 
 (w) “Person” means any individual, corporation, partnership, limited liability company, association, joint-stock
company, trust, unincorporated organization, government or political subdivision thereof or other entity. 

 (x) “Restricted Share” means any Share granted under Sections 7 or
10 of the Plan with the restriction that the holder may not sell, transfer, pledge or assign such Share and with such other restrictions as the Committee, in its discretion, may impose. 

(y) “Restricted Share Unit” means an Award granted under Sections 7 or 10 of the Plan that is valued by
reference to a Share, which value may be paid to the Participant by delivery of cash, Shares or such other property, as the Committee shall determine, upon the lapse of restrictions as the Committee, in its discretion, may impose. 

(z) “Section 16” means Section 16 of the Exchange Act and the rules promulgated thereunder and any successor provision
thereto as in effect from time to time. 
 (aa) “Section 162(m)” means Section 162(m) of the Code and the regulations
promulgated thereunder and any successor provision thereto as in effect from time to time. 
 (bb) “Shares” means shares of
the Class A common stock, $.0001 par value, of the Company. 
 (cc) “Stock Appreciation Right” or
“SAR” means a stock appreciation right granted under Sections 6 or 10 of the Plan that entitles the holder to receive, with respect to each Share encompassed by the exercise of such SAR, the amount determined by
the Committee and specified in an Award Agreement. In the absence of such a determination, the holder shall be entitled to receive, with respect to each Share encompassed by the exercise of such SAR, the excess of the Fair Market Value of such Share
on the date of exercise over the Grant Price applicable to such SAR. 
 (dd) “Subsidiary” means any Person (other than the
Company) of which a majority of its voting power or its equity securities or equity interest is owned directly or indirectly by the Company. 

(ee) “Substitute Awards” means Awards granted solely in assumption of, or in substitution for, outstanding awards previously
granted by a company acquired by the Company or with which the Company combines. 
 (ff) “Termination of Service”
means:  
 (i) As to a Consultant, the time when the engagement of a Participant as a Consultant to the Company
or an Affiliate is terminated for any reason, with or without cause, including, without limitation, by resignation, discharge, death or retirement, but excluding terminations where the Consultant simultaneously commences or remains in employment or
service with the Company or any Affiliate. 
 (ii) As to a Non-Employee Director, the time when a Participant who is a
Non-Employee Director ceases to be a Director for any reason, including, without limitation, a termination by resignation, failure to be elected, death or retirement, but excluding terminations where the Participant simultaneously commences or
remains in employment or service with the Company or any Affiliate. 
 (iii) As to an Employee, the time when the
employee-employer relationship between a Participant and the Company or any Affiliate is terminated for any reason, including, without limitation, a termination by resignation, discharge, death, disability or retirement; but excluding terminations
where the Participant simultaneously commences or remains in employment or service with the Company or any Affiliate. 

 The Committee, in its sole discretion, shall determine the effect of all matters and questions relating to any
Termination of Service, including, without limitation, the question of whether a Termination of Service resulted from a discharge for cause and all questions of whether particular leaves of absence constitute a Termination of Service;
provided, however, that, with respect to Incentive Stock Options, unless the Committee otherwise provides in the terms of the Award Agreement or otherwise, or as otherwise required by applicable law, a leave of absence, change in
status from an employee to an independent contractor or other change in the employee-employer relationship shall constitute a Termination of Service only if, and to the extent that, such leave of absence, change in status or other change interrupts
employment for the purposes of Section 422(a)(2) of the Code and the then applicable regulations and revenue rulings under said Section. For purposes of the Plan, a Participant’s employee-employer relationship or consultancy relations
shall be deemed to be terminated in the event that the Affiliate employing or contracting with such Participant ceases to remain an Affiliate following any merger, sale of stock or other corporate transaction or event (including, without limitation,
a spin-off). 
 Section 3. Administration. 

3.1 Authority of Committee. The Plan shall be administered by the Committee, which shall be appointed by and serve at the pleasure of
the Board; provided, however, with respect to Awards to Non-Employee Directors, all references in the Plan to the Committee shall be deemed to be references to the Board. Subject to the terms of the Plan and applicable law, and in addition to other
express powers and authorizations conferred on the Committee by the Plan, the Committee shall have full power and authority in its discretion to: 

(i) designate Participants; 

(ii) determine eligibility for participation in the Plan and decide all questions concerning eligibility for and the
amount of Awards under the Plan; 
 (iii) determine the type or types of Awards to be granted to a Participant and
whether such Awards are to be granted singly, in combination, or in tandem; 
 (iv) determine the number of Shares to
be covered by, or with respect to which payments, rights or other matters are to be calculated in connection with Awards; 

(v) determine the timing, terms, and conditions of any Award, including any restrictions or vesting requirements; 

(vi) accelerate the time at which all or any part of an Award may be settled or exercised; 

(vii) determine whether, to what extent, and under what circumstances, Awards may be settled or exercised in cash,
Shares, other securities, other Awards or other property, or canceled, forfeited or suspended and the method or methods by which Awards may be settled, exercised, canceled, forfeited or suspended; 

(viii) determine whether, to what extent, and under what circumstances cash, Shares, other securities, other Awards,
other property, and other amounts payable with respect to an Award shall be deferred either automatically or at the election of the holder thereof or of the Committee; 

(ix) determine whether, to what extent and under what circumstances any Award shall be canceled, suspended or subjected
to additional restrictions, including in connection with any Share ownership guidelines or insider trading policies of the Company; 

 (x) grant Awards as an alternative to, or as the form of payment for
grants or rights earned or payable under, other bonus or compensation plans, arrangements or policies of the Company or any Affiliate; 

(xi) grant Substitute Awards on such terms and conditions as the Committee may prescribe, subject to compliance with the
Incentive Stock Option rules under Section 422 of the Code and the nonqualified deferred compensation rules under Section 409A of the Code, where applicable; 

(xii) make all determinations under the Plan concerning any Participant’s Termination of Service with the Company
or an Affiliate, including whether such termination occurs by reason of cause, disability, retirement (each, as may be defined by the Committee from time to time or set forth in an Award Agreement), or in connection with a Change in Control and
whether a leave constitutes a Termination of Service; 
 (xiii) interpret and administer the Plan and any instrument
or agreement relating to, or Award made under, the Plan; 
 (xiv) to the extent permitted by Section 14.2
and not prohibited by Section 6.2, amend or modify the terms of any Award at or after grant; 
 (xv)
correct any defect, supply any omission or reconcile any inconsistency in the Plan or any Award in the manner and to the extent that the Committee shall deem desirable to carry it into effect; 

(xvi) establish, amend, suspend or waive such rules and regulations and appoint such agents as it shall deem appropriate
for the proper administration of the Plan; and 
 (xvii) make any other determination and take any other action that
the Committee deems necessary or desirable for the administration of the Plan, subject to the exclusive authority of the Board under Section 14 hereunder to amend or terminate the Plan. 

3.2 Committee Discretion Binding. Unless otherwise expressly provided in the Plan, all designations, determinations, interpretations,
and other decisions under or with respect to the Plan or any Award shall be within the sole discretion of the Committee, may be made at any time and shall be final, conclusive, and binding upon all Persons, including the Company and any Affiliate,
any Participant and any holder or beneficiary of any Award. A Participant or other holder of an Award may contest a decision or action by the Committee with respect to such Person or Award only on the grounds that such decision or action was
arbitrary or capricious or was unlawful, and any review of such decision or action shall be limited to determining whether the Committee’s decision or action was arbitrary or capricious or was unlawful. 

3.3 Delegation. Subject to the terms of the Plan, the Committee’s charter and applicable law, the Committee may delegate to one or
more officers or managers of the Company or of any Affiliate, or to a Committee of such officers or managers, the authority, subject to such terms and limitations as the Committee shall determine, to grant Awards to or to cancel, modify or waive
rights with respect to, or to alter, discontinue, suspend or terminate Awards held by Participants who are not officers or directors of the Company for purposes of Section 16 or who are otherwise not subject to Section 16. 

 Section 4. Shares Available For Awards. 

4.1 Shares Available.  

(a) Subject to the provisions of Section 4.2 hereof, a total of 1,500,000 Shares shall be authorized for grant under the Plan. 

(b) If any Shares subject to an Award are forfeited or expire or an Award is settled in cash (in whole or in part), the Shares subject to such
Award shall, to the extent of such forfeiture, expiration or cash settlement, again be available for Awards under the Plan. In the event that withholding tax liabilities arising from an Award other than an Option or Stock Appreciation Right are
satisfied by the tendering of Shares (either actually or by attestation) or by the withholding of Shares by the Company, the Shares so tendered or withheld shall be added to the Shares available for Awards under the Plan. Notwithstanding anything to
the contrary contained herein, the following Shares shall not be added to the Shares authorized for grant under paragraph (a) of this Section: (i) Shares tendered by the Participant or withheld by the Company in payment of the Option Price
or to satisfy any tax withholding obligation with respect to an Option or SAR, and (ii) Shares subject to a SAR that are not issued in connection with the stock settlement of the SAR on exercise thereof, and (iii) Shares reacquired by the
Company on the open market or otherwise using cash proceeds from the exercise of Options. The payment of dividend equivalents in cash in conjunction with any outstanding Awards shall not be counted against the Shares available for issuance under the
Plan. 
 (c) Notwithstanding any provision in the Plan to the contrary, and subject to Section 4.2, the maximum aggregate number
of Shares with respect to one or more Awards that may be granted to any one person during any calendar year shall be 1,000,000 and the maximum aggregate amount that may be paid in cash to any one person during any calendar year with respect to one
or more Awards payable in cash shall be $5,000,000; provided, however, that the foregoing limitations shall not apply until the earliest of: (a) the first material modification of the Plan (including any increase in the shares
authorized pursuant to Section 4.1); (b) the issuance of all of the Shares reserved for issuance under the Plan; (c) the expiration of the Plan; (d) the first meeting of shareholders at which members of the Board are to be
elected that occurs after the close of the third calendar year following the calendar year in which occurred the first registration of an equity security of the Company under Section 12 of the Exchange Act; and (e) such other date required
by Section 162(m). To the extent required by Section 162(m), Shares subject to Awards which are canceled shall continue to be counted against the limits set forth in this Section 4.1(c). 

(d) Adjustments. In the event that any dividend (other than a normal, recurring dividend) or other distribution (whether in the form of
cash, Shares, other securities or other property), recapitalization, stock split, reverse stock split, reorganization, merger, consolidation, split-up, spin-off, combination, repurchase or exchange of Shares or other securities of the Company,
issuance of warrants or other rights to purchase Shares or other securities of the Company, or other similar corporate transaction or event affects the Shares, then the Committee shall in an equitable and proportionate manner as deemed appropriate
by the Committee (and, as applicable, in such manner as is consistent with Sections 162(m), 422 and 409A of the Code and the regulations thereunder) either: (i) adjust any or all of (1) the aggregate number and class of Shares or
other securities of the Company (or number and kind of other securities or property) with respect to which Awards may be granted under the Plan; (2) the number and class of Shares or other securities of the Company (or number and kind of other
property) subject to outstanding Awards, provided that the number of Shares subject to any Award shall always be a whole number; (3) the grant or exercise price per Share with respect to any Award under the Plan; (4) the terms and
conditions of any outstanding Awards (including, without limitation, any applicable performance targets or criteria with respect thereto); and (5) the limits on the number of Shares or Awards that may be granted to Participants under the Plan
in any calendar year; (ii) provide for an equivalent award in respect of securities of the surviving entity of any merger, consolidation or other transaction or event having a similar effect; or (iii) make provision for a cash payment to
the holder of an outstanding Award. 

 (e) Substitute Awards; Future Pre-Existing Plans. Any Shares issued by the Company as
Substitute Awards in connection with the assumption or substitution of outstanding grants from any acquired corporation shall not reduce the Shares available for Awards under the Plan or count against any limits set forth in the Plan. 

(f) Sources of Shares Deliverable Under Awards. Any Shares delivered pursuant to an Award may consist, in whole or in part, of
authorized and unissued Shares, treasury shares or issued Shares which have been reacquired by the Company. 
 Section 5. Eligibility. 

Any Employee, Director or Consultant shall be eligible to be designated a Participant; provided, however, that Non-Employee Directors shall
only be eligible to receive Awards granted consistent with Section 10; provided further, that any award to an Employee who is a prospective employee or officer shall be conditioned upon such individual becoming an employee or officer of
the Company or its Affiliate. The terms and conditions of Awards need not be the same with respect to each Participant. 
 Section 6. Stock Options;
Stock Appreciation Rights. 
 6.1 Grant. Subject to the provisions of the Plan and other applicable legal requirements, the
Committee shall have sole and complete authority to determine the Participants to whom Options and SARs shall be granted, the number of Shares subject to each Award, the exercise price and the conditions and limitations applicable to the exercise of
each Option and SAR. An Option may be granted with or without a related SAR. A SAR may be granted with or without a related Option. The grant of an Option or SAR shall take place when the Committee by resolution, written consent or other appropriate
action determines to grant such Option or SAR for a particular number of Shares to a particular Participant at a particular Option Price or Grant Price. The Committee shall have the authority to grant Incentive Stock Options and to grant
Non-Qualified Stock Options. In the case of Incentive Stock Options, the terms and conditions of such grants shall be subject to and comply with Section 422 of the Code, as from time to time amended, and any regulations implementing such
statute. 
 6.2 Price. The Committee in its sole discretion shall establish the Option Price at the time each Option is granted and
the Grant Price at the time each SAR is granted. Except in the case of Substitute Awards, the Option Price of an Option, and the Grant Price of an SAR, may not be less than one hundred percent (100%) of the Fair Market Value of a Share on the
date of grant of such Option or SAR. Notwithstanding the foregoing and except as permitted by the provisions of Section 4.2 hereof, the Committee shall not have the power to (i) amend the terms of previously granted Options or SARs
to reduce the Option Price of such Options or the Grant Price of such SARs, (ii) cancel previously granted Options or SARs and grant substitute Options or SARs with a lower Option Price or Grant Price than the cancelled Options or SARs, or
(iii) cancel previously granted Options or SARs in exchange for a cash payment when the Option Price or Grant Price exceeds the Fair Market Value of the underlying Shares (other than in connection with a Change in Control), in each case without
the approval of the Company’s shareholders. 
 6.3 Term. Subject to the Committee’s authority under Section 3.1
and the provisions of Section 6.6, each Option and SAR and all rights and obligations thereunder shall expire on the date determined by the Committee and specified in the Award Agreement. The Committee shall be under no duty to provide
terms of like duration for Options or SARs granted under the Plan. Notwithstanding the foregoing, but subject to the last sentence of Section 6.4(a), no Option or SAR shall be exercisable after the expiration of ten (10) years from
the date such Option or SAR was granted. 

 6.4 Exercise.  

(a) Each Option and SAR shall be exercisable at such times and subject to such terms and conditions as the Committee may, in its sole
discretion, specify in the applicable Award Agreement or thereafter. The Committee shall have full and complete authority to determine whether an Option or SAR will be exercisable in full at any time or from time to time during the term of the
Option or SAR, or to provide for the exercise thereof in such installments, upon the occurrence of such events and at such times during the term of the Option or SAR as the Committee may determine. An Award Agreement may provide that the period of
time over which an Option or SAR, other than an Incentive Stock Option, may be exercised shall be automatically extended if on the scheduled expiration of such Award, the Participant’s exercise of such Award would violate applicable securities
law; provided, however, that during the extended exercise period the Option or SAR may only be exercised to the extent the Option or SAR was exercisable in accordance with its terms immediately prior to such scheduled expiration date; provided
further, however, that such extended exercise period shall end not later than thirty (30) days after the exercise of such Option or SAR first would no longer violate such laws. 

(b) The period during which the right to exercise, in whole or in part, an Option or SAR vests in the Participant shall be set by the Committee
and the Committee may determine that an Option or SAR may not be exercised in whole or in part for a specified period after it is granted. Such vesting may be based on service with the Company or any Affiliate, any performance criteria, or any
other criteria selected by the Committee, and, except as limited by the Plan, at any time after the grant of an Option or SAR, the Committee, in its sole discretion and subject to whatever terms and conditions it selects, may accelerate the period
during which an Option or SAR vests. 
 (c) An Option or SAR may be exercised in whole or in part at any time, with respect to whole Shares
only, within the period permitted thereunder for the exercise thereof, and shall be exercised by (i) written or electronic notice of intent to exercise the Option or SAR, in such form as the Committee may prescribe, delivered to the Company at
its principal office or such other office as the Committee may from time to time direct, (ii) the delivery of such representations and documents as the Committee, in its sole discretion, deems necessary or advisable to effect compliance with
applicable law, and (iii) payment in full to the Company at the direction of the Committee of the amount of the Option Price for the number of Shares with respect to which the Option is then being exercised. 

(d) Payment of the Option Price shall be made (i) in cash or cash equivalents, (ii) at the discretion of the Committee, by transfer,
either actually or by attestation, to the Company of unencumbered Shares previously acquired by the Participant, valued at the Fair Market Value of such Shares on the date of exercise (or next succeeding trading date, if the date of exercise is not
a trading date), together with any applicable withholding taxes, such transfer to be upon such terms and conditions as determined by the Committee, (iii) at the discretion of the Committee, by a cashless (broker-assisted) exercise that complies
with applicable laws, (iv) at the discretion of the Committee, by withholding Shares (net-exercise) otherwise deliverable to the Participant pursuant to the Option having an aggregate Fair Market Value at the time of exercise equal to the total
Option Price or (v) any combination of (i) through (iv). Until the optionee has been issued the Shares subject to such exercise, he or she shall possess no rights as a shareholder with respect to such Shares. 

(e) At the Committee’s discretion, the amount payable to the Participant as a result of the exercise of a SAR may be settled in cash,
Shares or other property, or any combination thereof. A fractional Share shall not be deliverable upon the exercise of a SAR but a cash payment will be made in lieu thereof. 

(f) An Award Agreement may provide, or be amended to provide, that if on the last day of the term of an Option or SAR, the Fair Market Value of
one Share exceeds the Option Price or Grant Price of such Award, the Participant has not exercised the Option or SAR and the Option or SAR has not expired, the Option or SAR shall be deemed to have been exercised by the Participant on such day with
payment made by withholding Shares otherwise issuable in connection with the exercise of the Option or SAR. In such event, the Company shall deliver to the Participant the number of Shares for which the Award was deemed exercised, less the number of
Shares required to be withheld for the payment of the total purchase price (in the case of an Option) and required withholding taxes. 

 6.5 Termination of Service. Except as otherwise provided in the applicable Award
Agreement, in the event of a Participant’s Termination of Service, the outstanding Options and SARs held by such Participant shall terminate on the date of such Termination of Service and be forfeited. Notwithstanding the foregoing provisions
of this Section 6.5 to the contrary, the Committee may determine in its discretion that an Option or SAR may be exercised following any such Termination of Service, whether or not exercisable at the time of such Termination of Service;
provided, however, that in no event may an Option or SAR be exercised after the expiration date of such Option or SAR specified in the applicable Award Agreement, except as provided in the last sentence of Section 6.4(a). 

6.6 Ten Percent Stock Rule. Notwithstanding any other provisions in the Plan, if at the time an Option is otherwise to be granted
pursuant to the Plan, the optionee or rights holder owns directly or indirectly (within the meaning of Section 424(d) of the Code) Shares of the Company possessing more than ten percent (10%) of the total combined voting power of all
classes of stock of the Company or its parent or Subsidiary corporations (within the meaning of Section 422(b)(6) of the Code), then any Incentive Stock Option to be granted to such optionee or rights holder pursuant to the Plan shall satisfy
the requirement of Section 422(c)(5) of the Code, and the Option Price shall be not less than one hundred ten percent (110%) of the Fair Market Value of the Shares of the Company, and such Option by its terms shall not be exercisable after
the expiration of five (5) years from the date such Option is granted. 
 6.7 Substitution of SARs. The Committee may provide in
the applicable Award Agreement evidencing the grant of an Option, at or after grant, that the Committee, in its sole discretion, shall have the right to substitute a Stock Appreciation Right for such Option at any time prior to or upon exercise of
such Option; provided that such Stock Appreciation Right shall be exercisable with respect to the same number of Shares for which such substituted Option would have been exercisable, shall have the same exercise price and vesting schedule as
the substituted Option, and shall have a Stock Appreciation Right term equal in length to the remaining Option term of the substituted Option. 

Section 7. Restricted Shares And Restricted Share Units. 

7.1 Grant.  

(a) Subject to the provisions of the Plan and other applicable legal requirements, the Committee shall have sole and complete authority to
determine the Participants to whom Restricted Shares and Restricted Share Units shall be granted, the number of Restricted Shares and/or the number of Restricted Share Units to be granted to each Participant, the duration of the period during which,
and the conditions under which, the Restricted Shares and Restricted Share Units may be forfeited to the Company, and the other terms and conditions of such Awards. The Restricted Share and Restricted Share Unit Awards shall be evidenced by Award
Agreements in such form as the Committee shall from time to time approve, which agreements shall comply with and be subject to the terms and conditions provided hereunder and any additional terms and conditions established by the Committee that are
consistent with the terms of the Plan. 
 (b) Each Restricted Share and Restricted Share Unit Award made under the Plan shall be for such
number of Shares as shall be determined by the Committee and set forth in the Award Agreement containing the terms of such Restricted Share or Restricted Share Unit Award. Such agreement shall set forth a period of time during which the grantee must
remain in the continuous employment of the Company in order for the forfeiture and transfer restrictions to lapse. If the Committee so determines, the restrictions may lapse during such restricted period in installments with respect to specified
portions of the Shares covered by the Restricted Share or Restricted Share Unit Award. The Award Agreement may also, in the discretion of the Committee, set forth performance or other conditions that will subject the Shares to forfeiture and
transfer restrictions. The Committee may, at its discretion, waive all or any part of the restrictions applicable to any or all outstanding Restricted Share and Restricted Share Unit Awards. 

 7.2 Dividends and Other Distributions.  

(a) Prior to the lapse of any applicable transfer restrictions, Participants holding Restricted Shares shall be credited with any dividends
payable in cash, Shares or other property paid with respect to such Restricted Shares while they are so held, unless determined otherwise by the Committee and set forth in the Award Agreement. The Committee may apply any restrictions to such
dividends that the Committee deems appropriate. Except as set forth in the Award Agreement or otherwise determined by the Committee, in the event (a) of any adjustment as provided in Section 4.2, or (b) any cash, Shares or
other property is paid by the Company as a dividend on Restricted Shares, such cash, Shares or other property payable to a Participant on such Restricted Shares shall be subject to the same terms and conditions, including any transfer restrictions,
as relate to the original Restricted Shares and shall be paid to the Participant when and if the applicable Restricted Shares vest. 
 (b)
Unless otherwise provided in the applicable Award Agreement, Participants holding Restricted Share Units shall not be credited with any dividends paid with respect to the underlying Shares of such Restricted Share Units. If the applicable Award
Agreement specifies that a Participant will be entitled to receive dividend equivalent rights, (i) the amount of any such dividend equivalent right shall equal the amount that would be payable to the Participant as a shareholder in respect of a
number of Shares equal to the number of Restricted Share Units then credited to the Participant, (ii) any such dividend equivalent right shall be paid in accordance with the Company’s payment practices as may be established from time to
time and as of the date on which such dividend would have been payable in respect of outstanding Shares, and (iii) unless otherwise provided in the applicable Award Agreement, dividend equivalents will not be paid in respect of Restricted Share
Units that are not yet vested unless and until such Restricted Share Units vest. 
 7.3 Transfer Restrictions on Restricted Shares. At
the time of the grant of a Restricted Share Award, a certificate representing the number of Shares awarded thereunder may be registered in the name of the grantee. Such certificate shall be held by the Company or any custodian appointed by the
Company for the account of the grantee subject to the terms and conditions of the Plan, and shall bear such a legend setting forth the restrictions imposed thereon as the Committee, in its discretion, may determine. Alternatively, the Committee may,
in its discretion, provide that a Participant’s ownership of Restricted Shares prior to the lapse of any transfer restrictions or any other applicable restrictions shall, in lieu of such certificates, be evidenced by a “book entry”
(i.e., a computerized or manual entry) in the records of the Company or its designated agent in the name of the Participant who has received such Award, and confirmation and account statements sent to the Participant with respect to such
book-entry Shares may bear the restrictive legend referenced in the preceding sentence. Such records of the Company or such agent shall, absent manifest error, be binding on all Participants who receive Restricted Share Awards evidenced in such
manner. The holding of Restricted Shares by the Company or such an escrow holder, or the use of book entries to evidence the ownership of Restricted Shares, in accordance with this Section 7.3, shall not affect the rights of Participants
as owners of the Restricted Shares awarded to them, nor affect the restrictions applicable to such shares under the Award Agreement or the Plan, including the transfer restrictions. 

7.4 Other Rights of Restricted Shareholders. Unless otherwise provided in the applicable Award Agreement, the grantee shall have all
other rights of a shareholder with respect to Restricted Shares, including the right to vote such Shares, subject to the following restrictions: (i) the grantee shall not be entitled to delivery of the stock certificate until the expiration of
the restricted period and the fulfillment of any other restrictive conditions set forth in the Award Agreement with respect to such Shares; (ii) none of the Shares may be sold, assigned, transferred, pledged, hypothecated or otherwise
encumbered or disposed of during such restricted period or until after the fulfillment of any such other restrictive conditions; and (iii) except as otherwise determined by the Committee at or after grant, all of the Shares (including any
dividends accrued and held thereon) shall be forfeited and all rights of the 

 
grantee to such Shares shall terminate, without further obligation on the part of the Company, unless the grantee remains in the continuous employment of the Company for the entire restricted
period in relation to which such Shares were granted and unless any other restrictive conditions relating to the Restricted Share Award are met. 

7.5 Termination of Restrictions on Restricted Shares. At the end of the restricted period and provided that any other restrictive
conditions of the Restricted Share Award are met, or at such earlier time as otherwise determined by the Committee, all restrictions set forth in the Award Agreement relating to the Restricted Share Award or in the Plan shall lapse as to the
restricted Shares subject thereto, and a stock certificate for the appropriate number of Shares, free of the restrictions and restricted stock legend, shall be delivered to the Participant or the Participant’s beneficiary or estate, as the case
may be (or, in the case of book-entry Shares, such restrictions and restricted stock legend shall be removed from the confirmation and account statements delivered to the Participant or the Participant’s beneficiary or estate, as the case may
be, in book-entry form) and any dividends or dividend equivalents accrued thereon shall be paid. 
 7.6 Payment of Restricted Share Units.
Each Restricted Share Unit shall have a value equal to the Fair Market Value of a Share. Restricted Share Units shall be paid in cash, Shares, other securities or other property, as determined in the sole discretion of the Committee, upon the
lapse of the restrictions applicable thereto, or otherwise in accordance with the applicable Award Agreement. Except as otherwise determined by the Committee at or after grant, Restricted Share Units may not be sold, assigned, transferred, pledged,
hypothecated or otherwise encumbered or disposed of, and all Restricted Share Units (and any dividend equivalents associated therewith) and all rights of the grantee thereto shall terminate, without further obligation on the part of the Company,
unless the grantee remains in continuous employment of the Company for the entire restricted period in relation to which such Restricted Share Units were granted and unless any other restrictive conditions relating to the Restricted Share Unit Award
are met. Except as otherwise provided in the Plan or the applicable Award Agreement, a Participant shall have no rights of a shareholder with respect to Restricted Share Units. 

7.7 Termination of Service. Except as otherwise provided in the applicable Award Agreement, in the event of a Participant’s
Termination of Service, the Participant’s rights in unvested Restricted Shares and unvested Restricted Share Units (and any accrued dividends or dividend equivalent rights associated therewith) then subject to restrictive conditions shall
lapse, and such Restricted Shares and Restricted Share Units shall be forfeited and surrendered to the Company without consideration. Notwithstanding the foregoing provisions of this Section 7.7 to the contrary, the Committee may provide
in its discretion that a Participant’s rights in unvested Restricted Shares and Restricted Share Units shall not lapse in the event of certain Terminations of Service, such as termination by the Company without cause, by a Participant
voluntarily, or by reason or death, disability or retirement (each, as may be defined by the Committee from time to time or set forth in an Award Agreement). 

Section 8. Performance Awards. 
 8.1
Grant. The Committee shall have sole and complete authority to determine the Participants who shall receive a Performance Award, which shall consist of a right that is (i) denominated in cash, Shares or other property, (ii) valued,
as determined by the Committee, in accordance with the achievement of such performance goals during such performance periods as the Committee shall establish, and (iii) payable at such time and in such form as the Committee shall determine.

 8.2 Terms and Conditions. Subject to the terms of the Plan and any applicable Award Agreement, the Committee shall determine the
performance goals to be achieved during any performance period, the length of any performance period, the amount of any Performance Award and the amount and kind of any payment or transfer to be made pursuant to any Performance Award, and, subject
to Section 11 of the Plan, may amend specific provisions of the Performance Award; provided, however, that such amendment may not adversely affect existing Performance Awards made within a performance period commencing prior to
implementation of the amendment. 

 8.3 Dividends and Other Distributions. Notwithstanding any provision of this Plan to the
contrary, dividends or dividend equivalents on Performance Awards denominated in Shares may not be paid to a Participant (but they may be accumulated for eventual payment) until such time as the Committee determines that the performance criteria
underlying such Performance Awards have been satisfied. 
 8.4 Payment of Performance Awards. An Award Agreement may provide that
Performance Awards may be paid in a lump sum or in installments following the close of the performance period or, in accordance with the procedures established by the Committee, on a deferred basis, subject to the requirements of Section 409A
of the Code. Notwithstanding the foregoing, and to the extent permissible under Section 162(m) (if applicable), the Committee may in its discretion, waive any performance goals and/or other terms and conditions relating to a Performance Award.
A Participant’s rights to any Performance Award may not be sold, assigned, transferred, pledged, hypothecated or otherwise encumbered or disposed of in any manner, except by will or the laws of descent and distribution, and/or except as the
Committee may determine at or after grant. 
 8.5 Termination of Service. Except as otherwise provided in the applicable Award
Agreement, in the event of a Participant’s Termination of Service prior to the close of the applicable performance period, the Participant’s rights in unvested Performance Awards then subject to restrictive conditions shall lapse, and such
Performance Awards shall be forfeited and surrendered to the Company without consideration. Notwithstanding the foregoing provisions of this Section 8.5 to the contrary, the Committee may provide in its discretion that a
Participant’s rights in unvested Performance Awards shall not lapse in the event of certain Terminations of Service, such as termination by the Company without cause, by a Participant voluntarily, or by reason of death, disability or retirement
(each, as may be defined by the Committee from time to time or set forth in an Award Agreement). 
 Section 9. Other Stock-Based Awards. 

The Committee shall have the authority to determine the Participants who shall receive an Other Stock-Based Award, which shall consist of any
right that is (i) not an Award described in Sections 6, 7, or 8 above and (ii) an Award of Shares or an Award denominated or payable in, valued in whole or in part by reference to, or otherwise based on or related
to, Shares or other property (including, without limitation, securities convertible into Shares), as deemed by the Committee to be consistent with the purposes of the Plan. Subject to the terms of the Plan and any applicable Award Agreement, the
Committee shall determine the terms and conditions of any such Other Stock-Based Award. 
 Section 10. Non-Employee Director Awards. 

10.1 Non-Employee Director Awards. The Board may provide that all or a portion of a Non-Employee Director’s annual retainer,
meeting fees and/or other awards or compensation as determined by the Board, be payable (either automatically or at the election of a Non-Employee Director) in the form of Non-Qualified Stock Options, Restricted Shares, Restricted Share Units and/or
Other Stock-Based Awards under the Plan, including unrestricted Shares. The Board shall determine the terms and conditions of any such Awards, including the terms and conditions which shall apply upon a termination of the Non-Employee
Director’s service as a member of the Board, and shall have full power and authority in its discretion to administer such Awards, subject to the terms of the Plan and applicable law. Subject to applicable legal requirements, the Board may also
grant Awards to Non-Employee Directors pursuant to the terms of the Plan, including any Award described in Sections 6, 7 or 9 above. 

 10.2 Non-Employee Director Limits. Notwithstanding anything in this Plan to the contrary,
the maximum number of Shares subject to Awards granted during a calendar year to any Non-Employee Director shall not exceed $500,000 in total value (calculating the value of any such Awards based on the grant date fair value of such Awards for
financial reporting purposes and excluding, for this purpose, the value of any dividends or dividend equivalents paid) (the “Non-Employee Director Limit”). The Board may not, without the approval of the shareholders, increase the
Non-Employee Director Limit. 
 Section 11. Provisions Applicable To Covered Employees And Performance Awards. 

11.1 Covered Employees. Notwithstanding anything in the Plan to the contrary, unless the Committee determines that a Performance Award
to be granted to a Covered Employee should not qualify as “performance-based compensation” for purposes of Section 162(m), Performance Awards granted to Covered Employees shall be subject to the terms and provisions of this
Section 11; provided, however, that this Section 11 need not apply to Awards granted (or if required by Section 162(m), paid) prior to the earliest of: (a) the first material modification of the Plan
(including any increase in the shares authorized pursuant to Section 4.1); (b) the issuance of all of the Shares reserved for issuance under the Plan; (c) the expiration of the Plan; (d) the first meeting of shareholders
at which members of the Board are to be elected that occurs after the close of the third calendar year following the calendar year in which occurred the first registration of an equity security of the Company under Section 12 of the Exchange
Act; and (e) such other date required by Section 162(m). Unless otherwise determined by the Committee, if any provision of the Plan or any Award Agreement relating to such an Award does not comply or is inconsistent with
Section 162(m), such provision shall be construed or deemed amended to the extent necessary to conform to such requirements, and no provision shall be deemed to confer upon the Committee discretion to increase the amount of compensation
otherwise payable to a Covered Employee in connection with any such Award upon the attainment of the performance criteria established by the Committee. 

11.2 Performance Goals. The Committee may grant Performance Awards to Covered Employees based solely upon the attainment of performance
targets related to one or more performance goals selected by the Committee from among the goals specified below. For the purposes of this Section 11, performance goals shall be limited to one or more of the following Company, Subsidiary,
operating unit, restaurant concept or division financial performance measures: 
  

	 	(a)	total sales or revenues; 

  

	 	(b)	sales or revenue per restaurant or other unit; 

  

	 	(c)	earnings before interest, taxes, depreciation and/or amortization; 

  

	 	(d)	operating income or profit (before or after taxes); 

  

	 	(e)	operating margins, gross margins or cash margin; 

  

	 	(f)	operating efficiencies; 

  

	 	(g)	return on equity, assets (or net assets), capital, capital employed or investment; 

  

	 	(h)	net income (before or after taxes); 

  

	 	(i)	pre- or after-tax income (before or after allocation of corporate overhead and bonuses); 

  

	 	(j)	earnings (gross, net, pre-tax, after-tax or per share), which may, but need not, exclude interest, depreciation, amortization, taxes and other items; 

	 	(k)	utilization; 

  

	 	(l)	improvement in or attainment of expense levels or working capital levels, including cash, inventory and accounts receivable; 

  

	 	(m)	gross or net profit margins; 

  

	 	(n)	stock price or total shareholder return; 

  

	 	(o)	cash flow or cash flow per Share (before or after dividends); 

  

	 	(p)	appreciation in and/or maintenance of the price of Shares or other publicly-traded securities of the Company; 

  

	 	(q)	debt reduction; 

  

	 	(r)	year-end cash; 

  

	 	(s)	financial ratios, including those measuring activity, leverage, liquidity or profitability, cost of capital or asset levels; 

  

	 	(t)	financing and other capital-raising transactions; 

  

	 	(u)	division revenue; 

  

	 	(v)	strategic business objectives, consisting of one or more objectives based on meeting specified cost targets, business expansion goals or goals relating to acquisitions or divestitures; or 

 

	 	(w)	any combination thereof. 

 Each goal may be expressed on an absolute and/or relative basis, may be based on or
otherwise employ comparisons based on internal targets, the past performance of the Company or any Subsidiary, operating unit, restaurant concept or division of the Company and/or the past or current performance of other companies, and in the case
of earnings-based measures, may use or employ comparisons relating to capital, stockholders’ equity and/or Shares outstanding, or to assets or net assets. The Committee may appropriately adjust any evaluation of performance under criteria set
forth in this Section 11.2 to exclude any of the following events that occurs during a performance period: (i) asset write-downs, (ii) litigation or claim judgments or settlements, (iii) the effect of changes in tax law,
accounting principles or other such laws or provisions affecting reported results, (iv) accruals for reorganization and restructuring programs, (v) an event either not directly related to the operations of the Company or not within the
reasonable control of the Company’s management, (vi) pre-opening costs, and (vi) any extraordinary non-recurring items as described in Accounting Principles Board Opinion No. 30, and/or in management’s discussion and
analysis of financial condition and results of operations appearing in the Company’s annual report (or quarterly report on Form 10-Q) to shareholders for the applicable year; provided, that the Committee must commit to make any such
adjustments, and shall specify such adjustments, within the time for prescribing performance targets generally as described in Section 11.4. 

11.3 Negative Discretion Allowed. Notwithstanding any provision of the Plan (other than Section 13), with respect to any
Restricted Share Award, Restricted Share Unit Award, Performance Award or Other Share-Based Award that is subject to this Section 11, the Committee may adjust downwards, but not upwards, the amount payable pursuant to such Award to a
Covered Employee, and the Committee may not waive the achievement of the applicable performance goals, except in the case of the death or disability of the Participant. 

 11.4 Section 162(m) Administration. To the extent necessary to comply with
Section 162(m), with respect to grants of Performance Awards to a Covered Employee, no later than 90 days following the commencement of each performance period (or such other time as may be required or permitted by Section 162(m) of
the Code), the Committee shall, in writing, (1) select the performance goal or goals applicable to the performance period, (2) establish the various targets and bonus amounts which may be earned for such performance period, and
(3) specify the relationship between performance goals and targets and the amounts to be earned by each Covered Employee for such performance period. Following the completion of each performance period, the Committee shall certify in writing
whether the applicable performance targets have been achieved and the amounts, if any, payable to Covered Employees for such performance period. In determining the amount earned by a Covered Employee for a given performance period, subject to any
applicable Award Agreement, the Committee shall have the right to reduce (but not increase) the amount payable at a given level of performance to take into account additional factors that the Committee may deem relevant in its sole discretion to the
assessment of individual or corporate performance for the performance period. 
 Section 12. Termination of Service. 

Subject to the terms and conditions set forth herein, the Committee shall have the full power and authority to determine the terms and
conditions that shall apply to any Award upon a Termination of Service with the Company or its Affiliates, including a termination by the Company with or without cause, by a Participant voluntarily, or by reason of death, disability or retirement
(each, as may be defined by the Committee from time to time or set forth in an Award Agreement), and may provide such terms and conditions in the Award Agreement or in such rules and regulations as it may prescribe. 

Section 13. Change In Control. 
 13.1
Impact on Certain Awards. Unless otherwise provided in an applicable Award Agreement or by the Committee at any time, in the event of a Change in Control of the Company, Options and Stock Appreciation Rights outstanding as of the date of the
Change in Control may be cancelled and terminated without payment if the Fair Market Value of one Share as of the date of the Change in Control is less than the per Share Exercise Price of such Award. In the event of a Change in Control, the
Committee may provide, in an Award Agreement or otherwise, that all Performance Awards shall be considered to be earned and payable (in full or pro rata based on the target value of the Award and the portion of Performance Period completed as of the
date of the Change in Control) and any limitations or other restrictions shall lapse and such Performance Awards shall be immediately settled or distributed or that such Performance Awards shall continue or be cancelled. 

13.2 Assumption or Substitution of Certain Awards.  

(a) Unless otherwise provided in an Award Agreement or by the Committee at any time, in the event of a Change in Control of the Company in
which the successor company assumes or substitutes for an Award (or in which the Company is the ultimate parent corporation and continues the Award), if the surviving or successor corporation terminates a Participant’s employment or service
without “cause” (as such term is defined in the sole discretion of the Committee, or as set forth in the Award Agreement relating to such Award) within 12 months following such Change in Control: (i) such Participant’s Options
and SARs outstanding as of the date of such termination will immediately vest, become fully exercisable, and may thereafter be exercised for 12 months, (ii) restrictions, limitations and other conditions applicable to such Participant’s
Restricted Shares and Restricted Share Units outstanding as of the date of such termination shall lapse and the Restricted Shares and Restricted Share Units shall become free of all restrictions, limitations and conditions and become fully vested,
and (iii) the restrictions, limitations and other conditions applicable to such Participant’s Other Stock-Based Awards or any other Awards (including the settlement at target level of any Performance Awards) shall lapse, and such Awards
shall become free of all restrictions, limitations and conditions and become fully vested and transferable to the full extent of the original grant. For the purposes of this Section 13.2, an Award shall be considered assumed or
substituted for if following the Change in Control the Award confers the right to 

 
purchase or receive, for each Share subject to the Award immediately prior to the Change in Control, the consideration (whether stock, cash or other securities or property) received in the
transaction constituting a Change in Control by holders of Shares for each Share held on the effective date of such transaction (and if holders were offered a choice of consideration, the type of consideration chosen by the holders of a majority of
the outstanding Shares); provided, however, that if such consideration received in the transaction constituting a Change in Control is not solely common stock of the successor company, the Committee may, with the consent of the successor company,
provide that the consideration to be received upon the exercise or vesting of an Award, for each Share subject thereto, will be solely common stock of the successor company substantially equal in fair market value to the per Share consideration
received by holders of Shares in the transaction constituting a Change in Control. The determination of such substantial equality of value of consideration shall be made by the Committee in its discretion and its determination shall be conclusive
and binding. 
 (b) Unless otherwise provided in an Award Agreement or by the Committee at any time, in the event of a Change in Control of
the Company to the extent the successor company does not assume or substitute for an Award (or in which the Company is the ultimate parent corporation and does not continue the Award): (i) those Options and SARs outstanding as of the date of
the Change in Control that are not assumed or substituted for (or continued) shall immediately vest and become fully exercisable, (ii) restrictions, limitations and other conditions applicable to Restricted Shares and Restricted Share Units
that are not assumed or substituted for (or continued) shall lapse and the Restricted Shares and Restricted Share Units shall become free of all restrictions, limitations and conditions and become fully vested, and (iii) the restrictions, other
limitations and other conditions applicable to any Other Stock-Based Awards or any other Awards (including the settlement at target level of Performance Awards) that are not assumed or substituted for (or continued) shall lapse, and such Other
Stock-Based Awards or such other Awards shall become free of all restrictions, limitations and conditions and become fully vested and transferable to the full extent of the original grant. 

(c) The Committee, in its discretion, may determine that, upon the occurrence of a Change in Control of the Company, each Option and SAR
outstanding shall terminate within a specified number of days after notice to the Participant, and/or that each Participant shall receive, with respect to each Share subject to such Option or SAR, an amount equal to the excess of the Fair Market
Value of such Share immediately prior to the occurrence of such Change in Control over the Option Price or Grant Price of such Option and/or SAR; such amount to be payable in cash, in one or more kinds of stock or property (including the stock or
property, if any, payable in the transaction) or in a combination thereof, as the Committee, in its discretion, shall determine. Upon the occurrence of a Change in Control, the Committee, in its sole discretion, may include such further provisions
and limitations in any Award, agreement or certificate, as it may deem equitable and in the best interests of the Company that are not inconsistent with the provisions of the Plan.] 

13.3 No Implied Rights; Other Limitations. No Participant shall have any right to prevent the consummation of any Change in Control or
any of the acts described in Section 4.2 affecting the number of Shares available to, or other entitlement of, such Participant under the Plan or such Participant’s Award. Any actions or determinations of the Committee under this
Section 13 need not be uniform as to all outstanding Awards, nor treat all Participants identically. 

 Section 14. Amendment and Termination. 

14.1 Amendments to the Plan. Except as otherwise provided in the Plan, the Board may amend, alter, suspend, discontinue or terminate the
Plan or any portion thereof at any time; provided that no such amendment, alteration, suspension, discontinuation or termination shall be made without shareholder approval if such approval is necessary to comply with any tax or regulatory
requirement for which or with which the Board deems it necessary or desirable to comply, including the rules and regulations of the principal securities exchange on which Shares are traded. 

14.2 Amendments to Awards. Subject to the restrictions and shareholder approval requirements set forth in Section 6.2 and
Section 14.1, the Committee may waive any conditions or rights under, amend any terms of or alter, suspend, discontinue, cancel or terminate, any Award theretofore granted, prospectively or retroactively; provided that any such waiver,
amendment, alteration, suspension, discontinuance, cancellation or termination that would materially and adversely affect the rights of any Participant or any holder or beneficiary of any Award theretofore granted shall not to that extent be
effective without the consent of the affected Participant, holder or beneficiary. 
 14.3 Adjustments of Awards upon the Occurrence of
Certain Unusual or Nonrecurring Events. Subject to Section 11.4, the Committee is hereby authorized to make equitable and proportionate adjustments in the terms and conditions of, and the criteria included in, Awards in recognition
of unusual or nonrecurring events (and shall make such adjustments for events described in Section 4.2 hereof) affecting the Company or any Affiliate, or the financial statements of the Company or any Affiliate, or of changes in
applicable laws, regulations or accounting principles. 
 Section 15. General Provisions. 

15.1 Limited Transferability of Awards. Subject to this Section 15.1, each Award shall be exercisable only by a Participant
during the Participant’s lifetime, or, if permissible under applicable law, by the Participant’s legal guardian or representative. No Award may be assigned, alienated, pledged, attached, sold or otherwise transferred or encumbered by a
Participant other than by will or by the laws of descent and distribution and any such purported assignment, alienation, pledge, attachment, sale, transfer or encumbrance shall be void and unenforceable against the Company and its Affiliates;
provided that the designation of a beneficiary shall not constitute an assignment, alienation, pledge, attachment, sale, transfer or encumbrance. 

(a) Notwithstanding the foregoing, the Committee may, in its sole discretion, permit Awards other than Incentive Stock Options to be
transferred by a Participant, without consideration, subject to such rules as the Committee may adopt consistent with any applicable Award Agreement to preserve the purposes of the Plan, to: 

 

	 	(i)	any person who is a “family member” of the Participant, as such term is used in the instructions to Form S-8 (collectively, the “Immediate Family Members”); 

 

	 	(ii)	a trust solely for the benefit of the Participant and his or her Immediate Family Members; 

  

	 	(iii)	a partnership or limited liability company whose only partners or shareholders are persons described in (i) or (ii) above; or 

 

	 	(iv)	any other transferee as may be approved by the Committee in its sole discretion or as provided in the applicable Award agreement; 

(each transferee described in clauses (i), (ii), (iii) and (iv) above is hereinafter referred to as a “Permitted Transferee”);
provided that the Participant gives the Committee advance written notice describing the terms and conditions of the proposed transfer and the Committee notifies the Participant in writing that such a transfer is permissible and would comply
with the requirements of the Plan and any applicable Award Agreement. 

 (b) The terms of any Award transferred in accordance with the immediately preceding Section shall
apply to the Permitted Transferee and any reference in the Plan, or in any applicable Award Agreement, to a Participant shall be deemed to refer to the Permitted Transferee, except that (i) Permitted Transferees shall not be entitled to
transfer any Award, other than by will or the laws of descent and distribution; (ii) Permitted Transferees shall not be entitled to exercise any transferred Option unless there shall be in effect a registration statement on an appropriate form
covering the Shares to be acquired pursuant to the exercise of such Option if the Committee determines, consistent with any applicable Award Agreement, that such a registration statement is necessary or appropriate, (iii) the Committee or the
Company shall not be required to provide any notice to a Permitted Transferee, whether or not such notice is or would otherwise have been required to be given to the Participant under the Plan or otherwise, and (iv) the consequences of a
Termination of Service by the Participant under the terms of the Plan and the applicable Award Agreement shall continue to be applied with respect to the Participant, including, without limitation, that an Option shall be exercisable by the
Permitted Transferee only to the extent, and for the periods, specified in the Plan and the applicable Award Agreement. 
 15.2 Dividend
Equivalents. Subject to any limitations set forth in the Plan, in the sole and complete discretion of the Committee, an Award may provide the Participant with dividends or dividend equivalents, payable in cash, Shares, other securities or other
property on a current or deferred basis. All dividend or dividend equivalents which are not paid currently may, at the Committee’s discretion, accrue interest, be reinvested into additional Shares, or, in the case of dividends or dividend
equivalents credited in connection with Performance Awards, be credited as additional Performance Awards and paid to the Participant if and when, and to the extent that, payment is made pursuant to such Award. 

15.3 No Rights to Awards. No Person shall have any claim to be granted any Award, and there is no obligation for uniformity of treatment
of Participants or holders or beneficiaries of Awards. The terms and conditions of Awards need not be the same with respect to each Participant. 

15.4 Share Certificates. All certificates for Shares or other securities of the Company or any Affiliate (or, if any such Shares or
securities are in book-entry form, such book-entry balances and confirmation and account statements with respect thereto) delivered under the Plan pursuant to any Award or the exercise thereof shall be subject to such stop transfer orders and other
restrictions as the Committee may deem advisable under the Plan or the rules, regulations and other requirements of any regulatory authority, any stock exchange or other market upon which such Shares or other securities are then listed, and any
applicable Federal or state laws, and the Committee may cause a legend or legends to be put on any such certificates (or confirmation and account statements for book-entry Shares) to make appropriate reference to such restrictions. 

15.5 Tax Withholding. A Participant may be required to pay to the Company or any Affiliate and the Company or any Affiliate shall have
the right and is hereby authorized to withhold from any Award, from any payment due or transfer made under any Award or under the Plan, or from any compensation or other amount owing to a Participant the amount (in cash, Shares, other securities,
other Awards or other property) of any applicable withholding or other tax-related obligations in respect of an Award, its exercise or any other transaction involving an Award, or any payment or transfer under an Award or under the Plan and to take
such other action as may be necessary in the opinion of the Company to satisfy all obligations for the payment of such taxes. Without limiting the generality of the foregoing, the Committee may in its discretion permit a Participant to satisfy or
arrange to satisfy, in whole or in part, the tax obligations incident to an Award by: (a) electing to have the Company withhold Shares or other property otherwise deliverable to such Participant pursuant to his or her Award (provided, however,
that the amount of any Shares so withheld shall not exceed the amount necessary to satisfy required federal, state local and foreign withholding obligations using the minimum statutory withholding rates for federal, state, local and/or foreign tax
purposes, including payroll taxes, that are applicable to 

 
supplemental taxable income) and/or (b) tendering to the Company Shares owned by such Participant (or by such Participant and his or her spouse jointly) and purchased or held for the
requisite period of time as may be required to avoid the Company’s or the Affiliates’ incurring an adverse accounting charge, based, in each case, on the Fair Market Value of the Shares on the payment date as determined by the Committee.
All such elections shall be irrevocable, made in writing, signed by the Participant, and shall be subject to any restrictions or limitations that the Committee, in its sole discretion, deems appropriate. 

15.6 Forfeiture and Clawback Provisions. Pursuant to its general authority to determine the terms and conditions applicable to Awards
under the Plan, the Committee shall have the right to provide, in an Award Agreement, or to require a Participant to agree by separate written or electronic instrument, that all Awards (including any proceeds, gains or other economic benefit
actually or constructively received by the Participant upon any receipt or exercise of any Award or upon the receipt or resale of any Shares underlying the Award) of such Participant shall be subject to the provisions of any claw-back policy
implemented by the Company at any time, including, without limitation, any claw-back policy adopted to comply with the requirements of applicable law, including without limitation the Dodd-Frank Wall Street Reform and Consumer Protection Act and any
rules or regulations promulgated thereunder, to the extent set forth in such claw-back policy and/or in the applicable Award Agreement. 

15.7 Award Agreements. Each Award hereunder shall be evidenced by an Award Agreement that shall be delivered to the Participant and may
specify the terms and conditions of the Award and any rules applicable thereto. In the event of a conflict between the terms of the Plan and any Award Agreement, the terms of the Plan shall prevail. The Committee shall, subject to applicable law,
determine the date an Award is deemed to be granted. The Committee or, except to the extent prohibited under applicable law, its delegate(s) may establish the terms of agreements or other documents evidencing Awards under this Plan and may, but need
not, require as a condition to any such agreement’s or document’s effectiveness that such agreement or document be executed by the Participant, including by electronic signature or other electronic indication of acceptance, and that such
Participant agree to such further terms and conditions as specified in such agreement or document. The grant of an Award under this Plan shall not confer any rights upon the Participant holding such Award other than such terms, and subject to such
conditions, as are specified in this Plan as being applicable to such type of Award (or to all Awards) or as are expressly set forth in the agreement or other document evidencing such Award. 

15.8 No Limit on Other Compensation Arrangements. Nothing contained in the Plan shall prevent the Company or any Affiliate from adopting
or continuing in effect other compensation arrangements, which may, but need not, provide for the grant of Options, Restricted Shares, Restricted Share Units, Other Stock-Based Awards or other types of Awards provided for hereunder. 

15.9 No Right to Employment; Claims to Awards. The grant of an Award shall not be construed as giving a Participant the right to be
retained in the employ or service of the Company or any Affiliate. Further, the Company or an Affiliate may at any time dismiss a Participant from employment or service, free from any liability or any claim under the Plan, unless otherwise expressly
provided in an Award Agreement. No Employee, Director or Consultant shall have any claim to be granted any Award under the Plan, and there is no obligation for uniformity of treatment of Employees, Directors or Consultants under the Plan. 

15.10 No Rights as Shareholder. Subject to the provisions of the Plan and the applicable Award Agreement, no Participant or holder or
beneficiary of any Award shall have any rights as a shareholder with respect to any Shares to be distributed under the Plan until such person has become a holder of such Shares. Notwithstanding the foregoing, in connection with each grant of
Restricted Shares hereunder, the applicable Award Agreement shall specify if and to what extent the Participant shall not be entitled to the rights of a shareholder in respect of such Restricted Shares. 

 15.11 Compliance with Section 409A of the Code. Notwithstanding any other provisions
of the Plan or any Award Agreements thereunder, it is intended that the provisions of the Plan and such Award Agreements comply with Section 409A of the Code, and that no Award shall be granted, deferred, accelerated, extended, paid out or
modified under this Plan, or any Award Agreement interpreted, in a manner that would result in the imposition of an additional tax under Section 409A of the Code upon a Participant. Any provision of this Plan that would cause the grant of an
Award or the payment, settlement or deferral thereof to fail to satisfy Section 409A of the Code shall be amended to comply with Section 409A of the Code on a timely basis, which may be made on a retroactive basis, in accordance with
regulations and other guidance issued under Section 409A of the Code. In the event that it is reasonably determined by the Board or Committee that, as a result of Section 409A of the Code, payments in respect of any Award under the Plan
may not be made at the time contemplated by the terms of the Plan or the relevant Award agreement, as the case may be, without causing the Participant holding such Award to be subject to taxation under Section 409A of the Code, the Company will
make such payment on the first day that would not result in the Participant incurring any tax liability under Section 409A of the Code; which, if the Participant is a “specified employee” within the meaning of Section 409A, shall
be the first day following the six-month period beginning on the date of Participant’s Termination of Service. Unless otherwise provided in an Award Agreement or other document governing the issuance of such Award, payment of any Performance
Award intended to qualify as a “short term deferral” within the meaning of Section 1.409A-1(b)(4)(i) of the U.S. Treasury Regulations shall be made between the first day following the close of the applicable Performance Period and the
last day of the “applicable 2 1/2 month period” as defined therein. Although the Company intends to administer the Plan so that
Awards will be exempt from, or will comply with, the requirements of Section 409A of the Code, the Company does not warrant that any Award under the Plan will qualify for favorable tax treatment under Section 409A of the Code or any other
provision of federal, state, local or foreign law. The Company shall not be liable to any Participant for any tax, interest, or penalties that Participant might owe as a result of the grant, holding, vesting, exercise, or payment of any Award under
the Plan. 
 15.12 Governing Law. The validity, construction and effect of the Plan and any rules and regulations relating to the Plan
and any Award Agreement shall be determined in accordance with the laws of the State of Tennessee without giving effect to conflicts of laws principles. 

15.13 Severability. If any provision of the Plan or any Award is, or becomes, or is deemed to be invalid, illegal or unenforceable in
any jurisdiction or as to any Person or Award, or would disqualify the Plan or any Award under any law deemed applicable by the Committee, such provision shall be construed or deemed amended to conform to the applicable laws, or if it cannot be
construed or deemed amended without, in the determination of the Committee, materially altering the intent of the Plan or the Award, such provision shall be stricken as to such jurisdiction, Person or Award and the remainder of the Plan and any such
Award shall remain in full force and effect. 
 15.14 Other Laws. The Committee may refuse to issue or transfer any Shares or other
consideration under an Award if, acting in its sole discretion, it determines that the issuance or transfer of such Shares or such other consideration might violate any applicable law or regulation (including applicable non-U.S. laws or regulations)
or entitle the Company to recover the same under Exchange Act Section 16(b), and any payment tendered to the Company by a Participant, other holder or beneficiary in connection with the exercise of such Award shall be promptly refunded to the
relevant Participant, holder or beneficiary. 
 15.15 No Trust or Fund Created. Neither the Plan nor any Award shall create or be
construed to create a trust or separate fund of any kind or a fiduciary relationship between the Company or any Affiliate and a Participant or any other Person. To the extent that any Person acquires a right to receive payments from the Company or
any Affiliate pursuant to an Award, such right shall be no greater than the right of any unsecured general creditor of the Company or any Affiliate. 

 15.16 No Fractional Shares. No fractional Shares shall be issued or delivered pursuant to
the Plan or any Award, and the Committee shall determine whether cash, other securities or other property shall be paid or transferred in lieu of any fractional Shares or whether such fractional Shares or any rights thereto shall be canceled,
terminated or otherwise eliminated. 
 15.17 Headings. Headings are given to the sections and subsections of the Plan solely as a
convenience to facilitate reference. Such headings shall not be deemed in any way material or relevant to the construction or interpretation of the Plan or any provision thereof. 

Section 16. Term Of The Plan. 
 16.1
Effective Date. The Plan shall be effective as of the date adopted by the Board (the “Effective Date”), provided that no Incentive Stock Options shall be granted hereunder unless the Plan is approved by the Company’s
shareholders prior to such grant or within twelve months following any such grant. 
 16.2 Expiration Date. No new Awards shall be
granted under the Plan after the tenth anniversary of the Effective Date. Unless otherwise expressly provided in the Plan or in an applicable Award Agreement, any Award granted hereunder may, and the authority of the Board or the Committee to amend,
alter, adjust, suspend, discontinue or terminate any such Award or to waive any conditions or rights under any such Award shall, continue after the tenth anniversary of the Effective Date. 

Date Adopted by the Board:             , 2015

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