Document:

Fourth Amendment and Restatement of the 2004 Performance Incentive Plan

 EXHIBIT 10.2 
 FOURTH AMENDMENT AND RESTATEMENT 
 OF THE

 ISTA PHARMACEUTICALS, INC. 
 2004 PERFORMANCE INCENTIVE PLAN 
 This 2004 PERFORMANCE INCENTIVE PLAN (the
“Plan”) established by ISTA Pharmaceuticals, Inc., a Delaware corporation (the “Company”), originally adopted by its Board of Directors on June 10, 2004 (the “Effective Date”) and approved by the Company’s
stockholders on October 20, 2004, as amended by the First Amendment and Restatement adopted by its Board of Directors on August 25, 2005, as amended by the Second Amendment and Restatement adopted by the Board of Directors on
August 25, 2005 and approved by the Company’s stockholders on October 13, 2005, and as amended by the Third Amendment and Restatement adopted by the Board of Directors on July 20, 2006 and approved by the Company’s
stockholders on October 19, 2006, is hereby amended and restated in its entirety pursuant to this Fourth Amendment and Restatement as adopted by its Board of Directors on October 8, 2009, subject to and effective upon approval of this
Fourth Amendment and Restatement by the Company’s stockholders, to read as set forth below. 
 ARTICLE 1 

PURPOSES OF THE PLAN 
 1.1 Purposes. The purposes of the Plan are (a) to enhance the ability of the Company and its Affiliated Companies to attract and retain the services of officers, qualified employees, directors
and outside consultants and service providers to the Company, upon whose judgment, initiative and efforts the successful conduct and development of the Company’s businesses largely depends, and (b) to provide additional incentives to such
persons to devote their utmost effort and skill to the advancement and betterment of the Company, by providing them an opportunity to participate in the ownership of the Company and thereby have an interest in the success and increased value of the
Company that coincides with the financial interests of the Company’s stockholders. 
 ARTICLE 2 
 DEFINITIONS 
 For purposes of this Plan, in addition to other capitalized terms defined herein, the following terms shall have the meanings indicated: 
 2.1 Administrator. “Administrator” means the Board subject to the Board’s authority to delegate responsibility for any matter to the Committee or to another entity as set forth in
Section 8.1 of the Plan. 
 2.2 Affiliated Company. “Affiliated Company” means any “parent
corporation” or “subsidiary corporation” of the Company, whether now existing or hereafter created or acquired, as those terms are defined in Sections 424(e) and 424(f) of the Code, respectively. 
 2.3 Award. “Award” means an Option, Restricted Share, or Performance Share issued to a Participant under the Plan.

 2.4 Award Agreement. “Award Agreement” means an Option Agreement, Stock Purchase Agreement, or Performance
Share Agreement issued to a Participant pursuant to the Plan. 
 2.5 Board. “Board” means the Board of
Directors of the Company. 
 2.6 Change in Control. “Change in Control” shall mean the occurrence of any of the
following events: 
 (a) The acquisition, directly or indirectly, in one transaction or a series of related transactions,
by any person or group (within the meaning of Section 13(d)(3) or 14(d)(2) of the Exchange Act) of the beneficial ownership of securities of the Company possessing more than fifty percent (50%) of the total combined voting power of all
outstanding securities of the Company; 
 (b) A merger or consolidation of the Company with any other entity, whether or
not the Company is the surviving entity in such transaction, except for a transaction in which the holders of the outstanding voting securities of the Company immediately prior to such merger or consolidation hold as a result of holding Company
securities prior to such transaction, in the aggregate, securities possessing more than fifty percent (50%) of the total combined voting power of all outstanding voting securities of the Company or of the surviving entity (or the parent of the
surviving entity) immediately after such merger or consolidation; 
  

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 (c) The sale, transfer or other disposition (in one transaction or a series of
related transactions) of all or substantially all of the assets of the Company; or 
 (d) The approval by the
stockholders of a plan or proposal for the liquidation or dissolution of the Company. 
 2.7 Code. “Code” means
the Internal Revenue Code of 1986, as amended from time to time. 
 2.8 Committee. “Committee” means a
committee of two or more members of the Board appointed to administer the Plan, as set forth in Section 8.1 hereof. 
 2.9 Common Stock. “Common Stock” means the Common Stock of the Company, $.001 par value, subject to adjustment pursuant to Section 4.3 hereof. 
 2.10 Consultant. “Consultant” means any consultant or advisor if: (i) the consultant or advisor renders bona fide
services to the Company or any Affiliated Company; (ii) the services rendered by the consultant or advisor are not in connection with the offer or sale of securities in a capital-raising transaction and do not directly or indirectly promote or
maintain a market for the Company’s securities; and (iii) the consultant or advisor is a natural person who has contracted directly with the Company or any Affiliated Company to render such services. 
 2.11 Disability. “Disability” means permanent and total disability as defined in Section 22(e)(3) of the Code. The
Administrator’s determination of a Disability or the absence thereof shall be conclusive and binding on all interested parties. 
 2.12 DRO. “DRO” means a domestic relations order as defined in the Code or Title I of the Employee Retirement Income Security Act of 1974, as amended, or the regulations thereunder. 
 2.13 Employee. “Employee” means any officer or other employee (as defined in accordance with Section 3401(c) of the
Code) of the Company, or any Affiliated Company. 
 2.14 Effective Date. “Effective Date” means the date on
which the Plan is adopted by the Board, as set forth on the first page hereof. 
 2.15 Exchange Act. “Exchange
Act” means the Securities and Exchange Act of 1934, as amended. 
 2.16 Exercise Price. “Exercise Price”
means the purchase price per share of Common Stock payable upon exercise of an Option. 
 2.17 Fair Market Value.
“Fair Market Value” on any given date means the value of one share of Common Stock, determined as follows: 
 (a) If the Common Stock is then listed or admitted to trading on a Nasdaq market system or a stock exchange which reports closing sale prices, the Fair Market Value shall be the closing sale price on the date of valuation on such
Nasdaq market system or principal stock exchange on which the Common Stock is then listed or admitted to trading, or, if no closing sale price is quoted on such day, then the Fair Market Value shall be the closing sale price of the Common Stock on
such Nasdaq market system or such exchange on the next preceding day for which a closing sale price is reported. 
 (b)
If the Common Stock is not then listed or admitted to trading on a Nasdaq market system or a stock exchange which reports closing sale prices, the Fair Market Value shall be the average of the closing bid and asked prices of the Common Stock in the
over-the-counter market on the date of valuation. 
 (c) If neither (a) nor (b) is applicable as of the date of
valuation, then the Fair Market Value shall be determined by the Administrator in good faith using any reasonable method of evaluation, which determination shall be conclusive and binding on all interested parties. 
 2.18 Incentive Option. “Incentive Option” means any Option so designated by the Administrator and intended to qualify as an
“incentive stock option” as defined in Section 422 of the Code. 
 2.19 Incentive Option Agreement.
“Incentive Option Agreement” means an Option Agreement with respect to an Incentive Option. 
 2.20 NASD
Dealer. “NASD Dealer” means a broker-dealer that is a member of the National Association of Securities Dealers, Inc. 
 2.21 Nonqualified Option. “Nonqualified Option” means any Option that is not an Incentive Option. To the extent that any Option designated as an Incentive Option fails in whole or in part to qualify as an Incentive Option,
including, without limitation, for failure to meet the limitations applicable to a 10% Stockholder or because it exceeds the annual limit provided for in Section 5.6 below, it shall to that extent constitute a Nonqualified Option. 

 

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 2.22 Nonqualified Option Agreement. “Nonqualified Option Agreement” means
an Option Agreement with respect to a Nonqualified Option. 
 2.23 Option. “Option” means any option to
purchase Common Stock granted pursuant to the Plan. 
 2.24 Option Agreement. “Option Agreement” means the
written agreement entered into between the Company and the Optionee with respect to an Option granted under the Plan. 
 2.25
Optionee. “Optionee” means a Participant who holds an Option. 
 2.26 Participant. “Participant”
means an individual or entity that holds an Award under the Plan. 
 2.27 Performance Goal. “Performance Goal”
means 
 (a) Earnings before interest, taxes, depreciation and amortization as reported by the Company in its SEC filings
(“EBITDA”); 
 (b) Earnings per common share on a fully diluted basis determined by dividing net earnings, less
dividends on preferred stock of the Company by the weighted average number of common shares and common shares equivalents outstanding (“EPS”); 
 (c) Consolidated net income of the Company (less preferred dividends) divided by the average consolidated common shareholders equity (“ROE”); 
 (d) cash and cash equivalents derived from either (i) net cash flow from operations or (ii) net cash flow from operations,
financings and investing activities, as determined by Committee at the time an Award is granted (“Cash Flow”); 
 (e) Cash postings less cost of sales, operating expenses (net of bad debt) and capital expenditures (“Free Cash Flow”); 
 (f) Sales growth; 
 (g) Cost containment or reduction; 

(h) The change in market price of the Company’s common stock (as quoted in the principal market on which it is traded as of
the beginning and ending of the period) plus dividends and other distributions paid, divided by the beginning quoted market price, all of which adjusted for any changes in equity structure, including without limitation stock splits and stock
dividends (“Total Stockholder Return”); or 
 (i) Advancement of the Company’s strategic plan to a
commercial stage company including, without limitation, such criteria as the development and regulatory approval of the company’s products and the commercialization of these products. 
 “Performance Goals” means any one or more thereof. 
 2.28 Performance Share. A “Performance Share” award is a grant of a right to receive shares of Common Stock which is contingent on the achievement of performance or other objectives
during a specified period and is issued by the Administrator pursuant to Article 7 of the Plan. 
 2.29 Purchase Price.
“Purchase Price” means the purchase price per Restricted Share. 
 2.30 Restricted Shares. “Restricted
Shares” means shares of Common Stock issued pursuant to Article 6 hereof, subject to any restrictions and conditions as are established pursuant to such Article 6. 
 2.31 Rule 16b-3 Covered Person. “Rule 16b-3 Covered Person” means any key Employee or member of the Board designated by the Administrator with respect to which any transaction involving
Common Stock may be eligible for the exemption from Section 16(b) of the Exchange Act set forth in Rule 16b-3. 
 2.32
Section 162(m) Covered Employee. “Section 162(m) Covered Employee” means (i) the chief executive officer of the Company and the four (4) other individuals that are the highest compensated officers of the Company for the
relevant taxable year of the Company for whom total compensation is required to be reported to stockholders under the Exchange Act and (ii) any other key Employee designated by the Administrator as a key Employee whose compensation for the
fiscal year in which the key Employee is so designated or a future fiscal year may be subject to the limit on deductible compensation imposed by Section 162(m) of the Code. 
 2.33 Service Provider. “Service Provider” means a Consultant, Employee, member of the Board or other natural person the
Administrator authorizes to become a Participant in the Plan and who provides services to (i) the Company, (ii) an Affiliated

  

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Company, or (iii) any other business venture designated by the Administrator in which the Company (or any entity that is a successor to the Company) or an Affiliated Company has a
significant ownership interest. 
 2.34 Stock Purchase Agreement. “Stock Purchase Agreement” means the written
agreement entered into between the Company and a Participant with respect to the purchase of Restricted Shares under the Plan. 
 2.35 10% Stockholder. “10% Stockholder” means a person who, as of a relevant date, owns or is deemed to own (by reason of the attribution rules applicable under Section 424(d) of the Code) stock possessing more than
10% of the total combined voting power of all classes of stock of the Company or of an Affiliated Company. 
 ARTICLE 3 

 ELIGIBILITY 
 3.1 Incentive Options. Only Employees of the Company or of an Affiliated Company (including officers of the Company and members of the Board if they are Employees of the Company or of an Affiliated
Company) are eligible to receive Incentive Options under the Plan. 
 3.2 Nonqualified Options and Restricted Shares.
Employees of the Company or of an Affiliated Company, officers of the Company and members of the Board (whether or not employed by the Company or an Affiliated Company), and Service Providers are eligible to receive Nonqualified Options or acquire
Restricted Shares 
 3.3 Performance Shares. Employees of the Company or of an Affiliated Company, officers of the
Company and members of the Board (whether or not employed by the Company or an Affiliated Company) are eligible to receive Performance Shares. 
 3.4 Section 162(m) Limitation. The aggregate number of shares of Common Stock with respect to which Options may be granted to any Employee shall not exceed 400,000 shares of Common Stock
during any calendar year. Notwithstanding the foregoing, in connection with his or her initial service to the Company, the aggregate number of shares of Common Stock with respect to which Options may be granted to any Employee shall not exceed
800,000 shares of Common Stock during the calendar year which includes such individual’s initial service to the Company. Any shares subject to an Option granted during a calendar year to an Employee that can no longer under any circumstances be
exercised or purchased for any reason under the Plan shall continue to count against the applicable limitations set forth above for such Employee during such calendar year. 
 ARTICLE 4 
 GRANTING OF AWARDS 
 4.1 Shares Subject to the Plan. The shares of stock available as a basis for Awards shall be Common Stock. Such shares may be issued
from either previously authorized but unissued shares or treasury shares, subject to adjustment as to the number and kind of shares pursuant to Section 4.3 hereof. Subject to the foregoing, a total of 12,153,107 shares of Common Stock may be
issued under the Plan (which includes any shares of Common Stock available for future issuance under the Company’s 2000 Stock Plan, as amended). 
 (a) Cancelled or Forfeited Awards other than Restricted Shares or Performance Shares. For purposes of the limitation set forth in this Section 4.1, if all or any portion of any Award, other
than Restricted Shares or Performance Shares, granted or offered under the Plan can no longer under any circumstances be exercised or purchased due to the forfeiture or cancellation of all or any portion of such Award, then the shares of Common
Stock allocable to such unexercised or forfeited portions of such Award shall not count against such limitation and shall again become available for grant or issuance under the Plan. 
 (b) Non-Replenishment of Reacquired Shares; Awards other than Restricted Shares or Performance Shares for Reasons other than Cancellation
or Forfeiture of Award. For purposes of the limitation set forth therein in this Section 4.1, any shares of Common Stock subject to an Award, other than Restricted Shares or Performance Shares, and which are reacquired by the Company for
any reason other than the cancellation or forfeiture of such Award as described in Section 4.1(a) shall count against such limitation. The Company shall hold all such shares of Common Stock that it reacquires as treasury shares, which shall not
again become available for grant or issuance under the Plan. 
 (c) Replenishment of Reacquired Shares; Awards of Restricted
Shares or Performance Shares. For purposes of the limitation set forth in this Section 4.1, any shares of Common Stock that were initially the subject of a Stock Purchase Agreement or a Performance Share Issuance Agreement, and which are
reacquired by the Company for any reason, shall not count against such limitation and shall again become available for grant or issuance under the Plan. 
 4.2 Additional Limitations. Subject to Section 4.3 hereof, the following additional maximums are imposed under the Plan: 
  

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 (a) The maximum number of shares of Common Stock that may be issued pursuant to
Options that are intended to be Incentive Stock Options shall be 10,703,107 shares. 
 (b) The maximum number of shares
of Common Stock that may be issued as either Restricted Shares or Performance Shares shall be 1,450,000. 
 Notwithstanding any
other provision of the Plan, in no event shall grants to any Employee of Restricted Shares under Article 6 of this Plan or Performance Shares under Section 7.2 of this Plan relate to more than 100,000 shares of Common Stock during any calendar
year. Notwithstanding the foregoing, in connection with his or her initial service to the Company, during the calendar year that includes such Employee’s initial service to the Company, in no event shall grants to any such Employee of
Restricted Shares or Performance Shares exceed 200,000 shares of Common Stock. 
 4.3 Changes in Capital Structure. In
the event that the outstanding shares of Common Stock are hereafter increased or decreased or changed into or exchanged for a different number or kind of shares or other securities of the Company by reason of a recapitalization, stock split, reverse
stock split, combination of shares, reclassification, stock dividend, or other similar change in the capital structure of the Company, then appropriate adjustments shall be made by the Administrator to the aggregate number and kind of shares
issuable thereafter under this Plan, the number and kind of shares and the price per share subject to outstanding Award Agreements and the limit on the number of shares under Sections 3.4 and 4.2 above, all in order to preserve, as nearly as
practical, but not to increase, the benefits to Participants. 
 4.4 Award Agreement. Each Award shall be evidenced by an
Award Agreement. Award Agreements evidencing Awards intended to qualify as performance-based compensation as described in Section 162(m)(4)(C) of the Code set forth in Section 7.3 of the Plan shall contain such terms and conditions as may
be necessary to meet the applicable provisions of Section 162(m) of the Code. Award Agreements evidencing Incentive Stock Options shall contain such terms and conditions as may be necessary to meet the applicable provisions of Section 422
of the Code. 
 4.5 Section 162(m) Covered Employees. 
 (a) The Committee, in its discretion, may determine whether an Award is to qualify as performance-based compensation as described in
Section 162(m)(4)(C) of the Code. 
 (b) Notwithstanding any other provision of the Plan, any Award that is granted
to a Section 162(m) Covered Employee and is intended to qualify as performance-based compensation as described in Section 162(m)(4)(C) of the Code and the regulations thereunder shall be subject to any additional limitations set forth in
Section 162(m) of the Code (including any amendment to Section 162(m) of the Code) or any regulations or ruling issued thereunder that are requirements for qualification as performance-based compensation as described in
Section 162(m)(4)(C) of the Code, and the Plan shall be deemed amended to the extent necessary to conform to such requirement(s). 
 4.6 Rule 16b-3 Covered Persons. Notwithstanding any other provision of the Plan, the Plan and any Award granted or awarded to a Rule 16b-3 Covered Person shall be subject to any additional limitations set forth in any applicable
exemptive rule under Section 16 of the Exchange Act (including Rule 16b-3 of the Exchange Act) that are requirements for the application of such exemptive rule. To the extent permitted by applicable law, the Plan and Awards granted or awarded
hereunder shall be deemed amended to the extent necessary to conform to such applicable exemptive rule(s). 
 ARTICLE 5 

 OPTIONS 
 5.1 Option Agreement. Each Option granted pursuant to this Plan shall be evidenced by an Option Agreement that shall specify the number of shares subject thereto, the Exercise Price per share, and
whether the Option is an Incentive Option or Nonqualified Option. As soon as is practical following the grant of an Option, an Option Agreement shall be duly executed and delivered by or on behalf of the Company to the Optionee to whom such Option
was granted. Each Option Agreement shall be in such form and contain such additional terms and conditions, not inconsistent with the provisions of this Plan, as the Administrator shall, from time to time, deem desirable, including, without
limitation, the imposition of any rights of first refusal and resale obligations upon any shares of Common Stock acquired pursuant to an Option Agreement. Each Option Agreement may be different from each other Option Agreement. 
 5.2 Exercise Price. The Exercise Price per share of Common Stock covered by each Option shall be determined by the Administrator,
subject to the following: (a) the Exercise Price of an Option shall not be less than 100% of Fair Market Value on the date the Option is granted and (b) if the person to whom an Incentive Option is granted is a 10% Stockholder on the date
of grant, the Exercise Price shall not be less than 110% of Fair Market Value on the date the Option is granted. However, an Incentive Option may be granted with an exercise price lower than that set forth in clause (b) of the preceding
sentence if such Incentive Option is granted pursuant to an assumption or substitution for another option in a manner satisfying the provisions of Section 424 of the Code. 
  

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 5.3 Payment of Exercise Price. Payment of the Exercise Price shall be made upon
exercise of an Option and may be made, in the discretion of the Administrator, subject to any legal restrictions, by: (a) cash; (b) check; (c) the surrender of shares of Common Stock acquired pursuant to the exercise of an Option
(provided that shares acquired pursuant to the exercise of options granted by the Company must have been held by the Optionee for the requisite period necessary to avoid a charge to the Company’s earnings for financial reporting purposes),
which surrendered shares shall be valued at Fair Market Value as of the date of such exercise; (d) the waiver of compensation due or accrued to the Optionee for services rendered; (e) a “same day sale” commitment from the
Optionee and an NASD Dealer whereby the Optionee irrevocably elects to exercise the Option and to sell a portion of the shares so purchased to pay for the Exercise Price and whereby the NASD Dealer irrevocably commits upon receipt of such shares to
forward the Exercise Price directly to the Company; or (f) any combination of the foregoing methods of payment or any other consideration or method of payment as shall be permitted by applicable law, including the Sarbanes-Oxley Act of 2002, as
amended. Any shares of Common Stock received by the Company in payment of the Exercise Price shall be held by the Company as treasury shares and shall not be made available for grant or issuance under the Plan. 
 5.4 Term and Termination of Options. The term and provisions for termination of each Option shall be as fixed by the Administrator,
but no Option may be exercisable more than ten (10) years after the date it is granted. An Incentive Option granted to a person who is a 10% Stockholder on the date of grant shall not be exercisable more than five (5) years after the date
it is granted. 
 5.5 Vesting and Exercise of Options. Each Option shall vest and become exercisable in one or more
installments at such time or times and subject to such conditions, including without limitation the achievement of specified Performance Goal(s), as shall be determined by the Administrator. 
 5.6 Annual Limit on Incentive Options. To the extent required for “incentive stock option” treatment under Section 422
of the Code, the aggregate Fair Market Value (determined as of the time of grant) of the Common Stock, with respect to which Incentive Options granted under this Plan and any other plan of the Company or any Affiliated Company become exercisable for
the first time by an Optionee during any calendar year, shall not exceed $100,000. 
 5.7 Nontransferability of Options.
Except as otherwise provided by the Administrator in an Option Agreement and as permissible under applicable law, no Option shall be assignable or transferable except by will or the laws of descent and distribution, and during the life of the
Optionee shall be exercisable only by such Optionee unless it has been disposed of with the consent of the Administrator (which consent may be withheld in the Administrator’s sole and absolute discretion) pursuant to a DRO. 
 5.8 Rights as Stockholder. An Optionee or permitted transferee of an Option shall have no rights or privileges as a stockholder with
respect to any shares covered by an Option until such Option has been duly exercised and certificates representing shares purchased upon such exercise have been issued to such person. 
 ARTICLE 6 
 RESTRICTED SHARES 
 6.1 Issuance and Sale of Restricted Shares. The Administrator shall have the right to grant Restricted Shares subject to such terms,
restrictions and conditions as the Administrator may determine at the time of grant (“Restricted Share Awards”). Such conditions shall include the Purchase Price to be paid by the grantee for such an Award, if any (but not less than the
minimum lawful amount under applicable state law). Such conditions may also include, but are not limited to, continued employment or the achievement of specified Performance Goal(s). 
 6.2 Stock Purchase Agreements. A Participant shall have no rights with respect to the Restricted Shares covered by a Stock Purchase
Agreement until the Participant has paid the full Purchase Price (if applicable) to the Company in the manner set forth in Section 6.3 hereof and has executed and delivered to the Company the Stock Purchase Agreement. Each Stock Purchase
Agreement shall be in such form, and shall set forth the Purchase Price and such other terms, conditions and restrictions of the Restricted Shares, not inconsistent with the provisions of this Plan, as the Administrator shall, from time to time,
deem desirable. Each Stock Purchase Agreement may be different from each other Stock Purchase Agreement. 
 6.3 Payment of
Purchase Price. Subject to any legal restrictions, payment of the Purchase Price, if any, may be made, in the discretion of the Administrator, by: (a) cash; (b) check; (c) the surrender of shares of Common Stock owned by the
Participant that have been held by the Participant for the requisite period necessary to avoid a charge to the Company’s earnings for financial reporting purposes, which surrendered shares shall be valued at Fair Market Value as of the date of
such acceptance; (d) the waiver of compensation due or accrued to the Participant for services rendered; or (e) any combination of the foregoing methods of payment or any other consideration or method of payment as shall be permitted by
applicable corporate law, including the Sarbanes-Oxley Act of 2002, as amended. 
  

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 6.4 Rights as a Stockholder. Upon complying with the provisions of Section 6.2
hereof, a Participant shall have the rights of a stockholder with respect to the Restricted Shares purchased pursuant to a Stock Purchase Agreement, including voting and dividend rights, subject to the terms, restrictions and conditions as are set
forth in such Stock Purchase Agreement. Unless the Administrator shall determine otherwise, certificates evidencing Restricted Shares shall remain in the possession of the Company until such shares have vested in accordance with the terms of the
Stock Purchase Agreement. 
 6.5 Restrictions. Restricted Shares may not be sold, assigned, transferred, pledged or
otherwise encumbered or disposed of except as specifically provided in the Stock Purchase Agreement. In the event of termination of a Participant’s employment, service as a director of the Company or Service Provider status for any reason
whatsoever (including death or disability), the Stock Purchase Agreement may provide, in the discretion of the Administrator, that the Company shall have the right, exercisable at the discretion of the Administrator, to repurchase, at the original
Purchase Price, any Restricted Shares which have not vested as of the date of termination. Notwithstanding the foregoing, Restricted Share Awards may be transferred, with the consent of the Administrator, pursuant to a DRO (which consent may be
withheld in the Administrator’s sole and absolute discretion). 
 6.6 Vesting of Restricted Shares. Subject to
Section 6.5 above, the Stock Purchase Agreement shall specify the date or dates, the Performance Goal(s) that must be achieved, and any other conditions on which the Restricted Shares may vest. 
 ARTICLE 7 
 PERFORMANCE SHARES 
 7.1 Issuance of Performance Shares. The Administrator may, in its sole and absolute
discretion, grant Performance Shares to Employees and members of the Board based upon such factors as the Administrator shall deem relevant in light of the specific type and terms of the Award. 
 7.2 Performance Share Agreements. 
 (a) Performance Shares shall be issued pursuant to Performance Share Issuance Agreements (“Performance Share Agreements”). Any Performance Share Agreement may be different from any other
Performance Share Agreement. Notwithstanding the foregoing, each Performance Share Agreement shall specify the maximum number of shares of Common Stock that may become issuable, the Purchase Price (but not less than the lawful minimum consideration)
to be paid by the grantee for any such shares, the duration of the Performance Share award and the conditions upon which delivery of any shares to the Employee or member of the Board shall be based. 
 (b) The amount of shares that may be deliverable pursuant to such Performance Share award shall be based upon the degree of
attainment over a specified period (a “Performance Cycle”) as may be established by the Administrator of such measure(s) of the performance of the Company (or any unit thereof), the Employee, or member of the Board as may be established by
the Administrator. The Administrator may apply for full or partial credit, prior to completion of such Performance Cycle or the attainment of the Performance Goal(s) specified in the Performance Share Agreement, in the event of the
Participant’s death or Disability, a Change in Control or in such other circumstances as the Administrator may determine consistent with Section 7.1. 
 7.3 Special Performance-Based Awards. 
 (a) Without limiting the
foregoing, and in addition to Options granted to Section 162(m) Employees under other provisions of this Plan that are intended to satisfy the exception for “qualified performance-based compensation” under Section 162(m) of the
Code (hereinafter, “Qualified Options”), other Awards granted to Section 162(m) Employees intended to constitute qualified performance-based compensation within the meaning of Section 162(m)(4)(C) of the Code and the regulations
thereunder, in the form of Performance Shares (“Qualified Performance-Based Awards”), the vesting or exercisability of which depends on the degree of achievement of the Performance Goal(s) specified in the applicable Performance Share
Agreement, may be granted under this Plan by the Committee. 
 (b) In addition to the requirements specified in this
Section 7.3, Qualified Performance-Based Awards must satisfy the requirements set forth below. 
 (i) The specific
Performance Goal(s) for Qualified Performance-Based Awards granted under this Section 7.3 shall be, on an absolute or relative basis, one or more Performance Goal(s), as selected by the Committee in its sole discretion. The Committee shall
establish in the applicable Performance Share Agreement the specific performance target(s) that must be attained before the compensation under the Qualified Performance-Based Award becomes payable. The specific targets shall be determined within a
time period permitted by Section 162(m) of the Code and the regulations thereunder so that such targets are considered to be pre-established and so that the attainment of such targets is substantially uncertain at the time of their
establishment. The applicable performance measurement period may not be less than one (1) or more than ten (10) years. 
  

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 (ii) Committee Certification. Before any Qualified Performance-Based Award under
this Section 7.3 is paid, the Committee must certify in writing that the Performance Goal(s) and any other material terms of the Qualified Performance-Based Award Agreement have been satisfied; provided, however, that a Qualified
Performance-Based Award may be paid without regard to the satisfaction of the applicable Performance Goal(s) in the event of a Change in Control. 
 (iii) Terms and Conditions of Qualified Performance-Based Awards. The Committee shall have the sole discretion to determine the restrictions or other limitations of such Award and reserves the
right to reduce Awards, payouts or vesting or to pay no Awards. 
 ARTICLE 8 
 ADMINISTRATION OF THE PLAN 
 8.1 Administrator. Authority to control and manage the operation and administration of the Plan shall be vested in the Board, which may delegate such responsibilities in whole or in part to one or
more Committees. Members of the Committee may be appointed from time to time by, and shall serve at the pleasure of, the Board. Without limiting the foregoing, the Board may limit the composition of the Committee to those persons necessary to comply
with the requirements of Section 162(m) of the Code and the regulations promulgated thereunder, and Section 16 of the Exchange Act and SEC Rule 16b-3. As used herein, the term “Administrator” means the Board or, with respect to
any matter as to which responsibility has been delegated to the Committee, the term Administrator shall mean the Committee. Notwithstanding the foregoing, the Administrator may delegate, to one or more officers of the Company, its powers under
Section 8.2 of the Plan below, to the extent permitted by Section 157(c) of the Delaware General Corporation Law and any other applicable law. 
 8.2 Powers of the Administrator. In addition to any other powers or authority conferred upon the Administrator elsewhere in the Plan or by law, the Administrator shall have full power and
authority: (a) to determine the persons to whom, and the time or times at which, Awards shall be granted, the number of shares to be represented by each Option, the number of Restricted Shares to be offered, the number of shares offered as
Performance Shares, and the consideration to be received by the Company upon the exercise of or sale of such Awards; (b) to interpret the Plan; (c) to create, amend or rescind rules and regulations relating to the Plan; (d) to
determine the terms, conditions and restrictions contained in, and the form of, Award Agreements; (e) to determine the identity or capacity of any persons who may be entitled to exercise a Participant’s rights under any Award Agreement
under the Plan; (f) to correct any defect or supply any omission or reconcile any inconsistency in the Plan or in any Award Agreement; (g) to accelerate the vesting of any Award or release or waive any repurchase rights of the Company with
respect to any Award; (h) to extend the exercise date of any Award or acceptance date of any Award; (i) to provide for rights of first refusal and/or repurchase rights; (j) to amend outstanding Award Agreements to provide for, among
other things, any change or modification which the Administrator could have included in the original Award Agreement or in furtherance of the powers provided for herein; and (k) to make all other determinations necessary or advisable for the
administration of the Plan, but only to the extent not contrary to the express provisions of the Plan. Any action, decision, interpretation or determination made in good faith by the Administrator in the exercise of its authority conferred upon it
under the Plan shall be final and binding on the Company and all Participants. In making any determination or in taking or not taking any action under the Plan, the Administrator may obtain and rely upon the advice of experts, including advisors to
the Company. 
 8.3 Limitation on Liability. No Employee of the Company or member of the Board or Committee shall be
subject to any liability with respect to duties under the Plan unless the person acts fraudulently or in bad faith. To the extent permitted by law, the Company shall indemnify each member of the Board or Committee, and any Employee of the Company
with duties under the Plan, who was or is a party, or is threatened to be made a party, to any threatened, pending or completed proceeding, whether civil, criminal, administrative or investigative, by reason of such person’s conduct in the
performance of duties under the Plan. 
 ARTICLE 9 
 CHANGE IN CONTROL 
 9.1 Change in Control. In
order to preserve a Participant’s rights in the event of a Change in Control of the Company: 
 (a) The
Administrator shall have the discretion to provide in each Award Agreement the terms and conditions that relate to (i) vesting of such Award in the event of a Change in Control, and (ii) assumption of such Awards or issuance of comparable
securities under an incentive program in the event of a Change in Control. The aforementioned terms and conditions may vary in each Award Agreement. 
  

 8 

 (b) If the terms of an outstanding Option Agreement provide for accelerated vesting
in the event of a Change in Control, or to the extent that an Option is vested and not yet exercised, the Administrator in its discretion may provide, in connection with the Change in Control transaction, for the purchase or exchange of each Option
for an amount of cash or other property having a value equal to the difference (or “spread”) between: (x) the value of the cash or other property that the Participant would have received pursuant to the Change in Control transaction
in exchange for the shares issuable upon exercise of the Option had the Option been exercised immediately prior to the Change in Control, and (y) the Exercise Price of the Option. 
 (c) Outstanding Options shall terminate and cease to be exercisable upon consummation of a Change in Control except to the extent
that the Options are assumed by the successor entity (or parent thereof) pursuant to the terms of the Change in Control transaction. 
 (d) The Administrator shall cause written notice of a proposed Change in Control transaction to be given to Participants not less than fifteen (15) days prior to the anticipated effective date of the proposed transaction.

 ARTICLE 10 
 AMENDMENT AND TERMINATION OF THE PLAN 
 10.1 Amendments. Subject to
applicable law, including NASD stockholder approval requirements, the Board may from time to time alter, amend, suspend or terminate the Plan in such respects as the Board may deem advisable. No such alteration, amendment, suspension or termination
shall be made which shall substantially affect or impair the rights of any Participant under an outstanding Award Agreement without such Participant’s consent. The Board may alter or amend the Plan to comply with requirements under the Code
relating to Incentive Options or other types of options which give Optionees more favorable tax treatment than that applicable to Options granted under this Plan as of the date of its adoption. Upon any such alteration or amendment, any outstanding
Option granted hereunder may, if the Administrator so determines and if permitted by applicable law, be subject to the more favorable tax treatment afforded to an Optionee pursuant to such terms and conditions. 
 10.2 Plan Termination. Unless the Plan shall theretofore have been terminated, the Plan shall terminate on the tenth
(10th) anniversary of the Effective Date and no Awards may be granted under the Plan thereafter, but Award Agreements then outstanding shall continue in effect in accordance with their respective terms. 
 ARTICLE 11 
 TAX WITHHOLDING 
 11.1 Withholding. The Company shall have the power to withhold, or require a
Participant to remit to the Company in cash, an amount sufficient to satisfy any applicable Federal, state, and local tax withholding requirements with respect to any Options exercised, any Restricted Shares or Performance Shares issued, or any
other Award issued under the Plan. To the extent permissible under applicable tax, securities and other laws, the Administrator may, in its sole discretion and upon such terms and conditions as it may deem appropriate, permit a Participant to
satisfy his or her obligation to pay any such tax, in whole or in part, in an amount determined on the basis of the lowest rate of withholding applicable to such Participant, by (a) directing the Company to apply shares of Common Stock to which
the Participant is entitled as a result of the exercise of an Award or as a result of the purchase of or lapse of restrictions on an Award, or (b) delivering to the Company shares of Common Stock owned by the Participant. The shares of Common
Stock so applied or delivered in satisfaction of the Participant’s tax withholding obligation shall be valued at their Fair Market Value as of the date of withholding based on the minimum statutory withholding rates for federal and state income
tax and payroll tax purposes that are applicable to such supplemental taxable income. 
 11.2 Shares Withheld to Satisfy
Withholding; Restricted Shares or Performance Shares. Any shares of Common Stock received by the Company pursuant to Section 11.1 above with respect to Restricted Shares or Performance Shares above shall not count against the applicable
limits set forth in Article 4 hereof and shall again become available for grant or issuance under the Plan. 
 11.3 Shares
Withheld to Satisfy Withholding; Awards other than Restricted Shares or Performance Shares. Any shares of Common Stock received by the Company pursuant to Section 11.1 above with respect to Awards other than Restricted Shares or Performance
Shares shall be held by the Company as treasury shares and shall count against the applicable limits set forth in Article 4 hereof and shall not again become available for grant or issuance under the Plan. 
  

 9 

 ARTICLE 12 
 MISCELLANEOUS 
 12.1 Repricings Not Permitted.
Notwithstanding anything herein to the contrary, the Administrator shall not have the authority to cause an adjustment to the Exercise Price of any outstanding Options (a “Repricing”), unless such Repricing is approved by a majority of the
Company’s stockholders entitled to vote on such matter. 
 12.2 Benefits Not Alienable. For so long as it is subject
to any restrictions pursuant to this Plan or an Award Agreement, no Award or interest or right therein or part thereof shall be liable for the debts, contracts, or engagements of the Participant or his or her successors in interest or shall be
subject to disposition by transfer, alienation, anticipation, pledge, encumbrance, assignment, or any other means whether such disposition be voluntary or involuntary or by operation of law, by judgment, levy, attachment, garnishment, or any other
legal or equitable proceedings (including bankruptcy), and any attempted disposition thereof shall be null and void and of no effect; provided, however, that nothing in this Plan shall prevent transfers by will or the applicable laws of descent and
distribution or assignments pursuant to a DRO entered by a court of competent jurisdiction. 
 12.3 No Enlargement of
Employee Rights. This Plan is strictly a voluntary undertaking on the part of the Company and shall not be deemed to constitute a contract between the Company and any Participant to be consideration for, or an inducement to, or a condition of,
the employment of any Participant. Nothing contained in the Plan shall be deemed to give the right to any Participant to be retained as an employee of the Company or any Affiliated Company or to interfere with the right of the Company or any
Affiliated Company to discharge any Participant at any time. 
 12.4 Application of Funds. The proceeds received by the
Company from the sale of Common Stock pursuant to Award Agreements, except as otherwise provided herein, will be used for general corporate purposes. 
 12.5 Annual Reports. During the term of this Plan, the Company will furnish to each Participant who does not otherwise receive such materials, copies of all reports, proxy statements and other
communications that the Company distributes generally to its stockholders. 
  

 10Form of Brink's Home Security Holdings, Inc. Change in Control Agreement

 Exhibit 10.1 
 CHANGE IN CONTROL AGREEMENT 
 dated as of January 1, 2010

 between Brink’s Home Security Holdings, Inc. 
 a Virginia corporation (the “Company”) 
 and
                                         (the
“Executive”) 
 The Company and the Executive agree as follows: 
 SECTION 1. Definitions. As used in this Agreement: 
 (a)
“Affiliate” has the meaning ascribed thereto in Rule 12b-2 pursuant to the Securities Exchange Act of 1934, as amended (the “Act”). 
 (b) “Board” means the Board of Directors of the Company. 
 (c)
“Cause” means: 
 (i) an act or acts of dishonesty on the Executive’s part which are intended to
result in the Executive’s substantial personal enrichment at the expense of the Company or 
 (ii) repeated
material violations by the Executive of the Executive’s obligations under Section 3 which are demonstrably willful and deliberate on the Executive’s part and which have not been cured by the Executive within a reasonable time after
written notice to the Executive specifying the nature of such violations. 
 (d) “Change in Control” means the
occurrence of the following: 
 (i) (A) any consolidation or merger of the Company in which the Company is
not the continuing or surviving corporation or pursuant to which the Company’s common stock would be converted into cash, securities or other property, other than a consolidation or merger in which holders of the total voting power in the
election of directors of the Company of the Company’s common stock outstanding (exclusive of shares held by the Company’s Affiliates) (the “Total Voting Power”) immediately prior to the consolidation or merger will have the same
proportionate ownership of the total voting power in the election of directors of the surviving corporation immediately after the consolidation or merger, or (B) any sale, lease, exchange or other transfer (in one transaction or a series of
transactions) of all or substantially all the assets of the Company; or 
 (ii) any “person” (as
defined in Section 13(d) of the Act) other than the Company, its Affiliates or an employee benefit plan or trust maintained by the Company or its Affiliates, becoming the “beneficial owner” (as defined in Rule 13d-3 under the Act),
directly or indirectly, of more than 20% of the Total Voting Power. 
 (e) “Good Reason” means: 
 (i) without the Executive’s express written consent and excluding for this purpose an isolated, insubstantial and
inadvertent action not taken in bad faith and which is remedied by the Company or its Affiliates promptly after receipt of notice thereof given by the Executive, (A) the assignment to the Executive of any duties that amount to a material
diminution of the Executive’s position, duties or responsibilities as contemplated by Section 3(a) hereof, or (B) any material failure by the Company to comply with any of the provisions of Section 3(b) hereof; 

 (ii) without the Executive’s express written consent, the
Company’s requiring the Executive’s work location to be other than as set forth in Section 3(a)(i); 
 (iii) any failure by the Company to comply with and satisfy Section 10(a); or 
 (iv) any breach by
the Company of any other material provision of this Agreement. 
 (f) “Incapacity” means any physical or mental
illness or disability of the Executive which continues for a period of six consecutive months or more and which at any time after such six-month period the Company shall reasonably determine renders the Executive incapable of performing his or her
duties during the remainder of the Employment Period (as defined below). 
 (g) “Termination” means a termination of
services provided by Executive to the Executive’s Employer (as defined below), whether voluntarily or involuntarily, that constitutes a Separation from Service as determined in accordance with Treasury Regulations Section 1.409A-1(h). In
determining whether Executive has incurred a Separation from Service, the following provisions apply: 
 (i)
Except as otherwise provided in this definition, a Separation from Service will occur when Executive has experienced a termination of employment with the Employer. Executive will be considered to have experienced a termination of employment when the
facts and circumstances indicate that the Executive and the Executive’s Employer reasonably anticipate that either (i) no further services will be performed for the Employer after a certain date, or (ii) that the level of bona fide
services the Executive will perform for the Employer after that date (whether as an employee or as an independent contractor) will permanently decrease to no more than 20% of the average level of bona fide services performed by the Executive
(whether as an employee or an independent contractor) over the immediately preceding 36-month period (or the full period of services to the Employer if the Executive has been providing services to the Employer less than 36 months). If Executive is
on military leave, sick leave, or other bona fide leave of absence, the employment relationship between Executive and the Employer will be treated as continuing, provided that the period of the leave of absence does not exceed 6 months, or if
longer, so long as Executive has a right to reemployment with the Employer under an applicable statute or by contract. If the period of a military leave, sick leave, or other bona fide leave of absence exceeds 6 months and Executive does not have a
right to reemployment under an applicable statute or by contract, the employment relationship will be considered to be terminated for purposes of this Agreement as of the first day immediately following the end of such 6-month period. In applying
the provisions of this paragraph, a leave of absence will be considered a bona fide leave of absence only if there is a reasonable expectation that Executive will return to perform services for the Employer. 
 (ii) If Executive provides services to an Employer both as an employee and as an independent contractor, a Separation from
Service generally will not occur until Executive has ceased providing services for the Employer as both as an employee and as an independent contractor. Except as otherwise provided herein, in the case of an independent contractor a Separation from
Service will occur upon the expiration of the contract (or in the case of more than one contract, all contracts) under which services are performed for the Employer, provided that the expiration of such contract or contracts is determined by the
Company to constitute a good-faith and complete termination of the contractual relationship between Executive and the Employer. If Executive ceases providing services for an Employer as an employee and begins

 
providing services for an Employer as an independent contractor, Executive will not be considered to have experienced a Separation from Service until Executive has ceased providing services for
the Employer in both capacities, as determined in accordance with the applicable provisions set forth in subparagraphs (i) and (ii) of this definition. Notwithstanding the foregoing provisions in this subparagraph, if Executive provides
services for an Employer both as an employee and as a member of the board of directors of an Employer, to the extent permitted by Treasury Regulations Section 1.409A-1(h)(5), the services provided by Executive as a director will not be taken
into account in determining whether Executive has experienced a Separation from Service as an employee. 
 (iii)
In addition, notwithstanding the provisions of this definition, where, as part of a sale or other disposition of substantial assets by an Employer to an unrelated buyer, Executive would otherwise experience a Separation from Service as defined
above, the Employer and the buyer will retain the discretion to specify, and may specify, that Executive’s performing services for an Employer immediately before the asset purchase transaction and providing services to the buyer after and in
connection with the asset purchase transaction will not experience a Separation from Service for purposes of this Agreement and Executive will be bound by the specification, provided that the transaction and the specification meet the requirements
of Section 409A of the Internal Revenue Code of 1986, as amended (the “Code”). 
 (iv) For
purposes of this definition, “Employer” means the Company and all other entities with which the Company would be aggregated and treated as a single employer under Code Section 414(b) (controlled group of corporations) and Code
Section 414(c) (group of trades or businesses under common control), as applicable. To identify the group of entities described in the preceding sentence, an ownership threshold of 50% will be used as a substitute for the 80% minimum ownership
threshold that appears in, and otherwise must be used when applying, the applicable provisions of (A) Code Section 1563 and the regulations thereunder for determining a controlled group of corporations under Code Section 414(b), and
(B) Treasury Regulations Section 1.414(c)-2 for determining the trades or businesses that are under common control under Code Section 414(c). 
 (g) “Operative Date” means the date on which a Change in Control shall have occurred. 
 SECTION 2. Employment Period. The Company hereby agrees to continue the Executive in its employ, and the Executive hereby agrees to remain in the employ of the Company subject to the terms and conditions of this Agreement, for the
period commencing on the Operative Date and ending on the date twelve months thereafter (the “Employment Period”). 
 SECTION 3.
Terms of Employment. 
 (a) Position and Duties. 
 (i) During the Employment Period: (A) the Executive’s position, duties and responsibilities shall be at least
commensurate in all material respects with the most significant of those held, exercised and assigned immediately prior to the Operative Date, and (B) the Executive’s services shall be performed at, or within a radius of 25 miles of, the
location at which the Executive was based on the Operative Date and the Company shall not require the Executive to travel on Company business to a substantially greater extent than required immediately before the Operative Date, except for travel
and temporary assignments which are reasonably required for the full discharge of the Executive’s responsibilities and which are consistent with the Executive’s being so based. 

 (ii) During the Employment Period, and excluding any periods of vacation and
sick leave to which the Executive is entitled, the Executive agrees to devote reasonable attention and time during normal business hours to the business and affairs of the Company and its Affiliates and, to the extent necessary to discharge the
responsibilities assigned to the Executive hereunder, to use the Executive’s reasonable best efforts to perform faithfully and efficiently such responsibilities. 
 (b) Compensation. 
 (i) Base Salary. During the
Employment Period the Executive will receive compensation at an annual rate equal to a salary (“Annual Base Salary”) not less than the Executive’s annualized salary in effect immediately prior to the Operative Date, 
 (ii) Incentive Compensation. During the Employment Period the Executive will receive an annual target bonus
(“Annual Target Bonus”) not less than the aggregate amount of the Executive’s highest bonus award applicable under the Key Employees Incentive Plan (“KEIP”) or any substitute or successor plan for the last three calendar
years preceding the Operative Date. In determining the Annual Target Bonus, for any of the last three calendar years preceding the Operative Date in which the Executive did not participate in the KEIP, the Executive shall be deemed to have received
a bonus amount equal to the Executive’s target award under the Plan in which the Executive is participating on the first day of the Employment Period. In addition, during the Employment Period, the Executive shall remain eligible to participate
in all long-term, stock-based and other incentive plans, practices, policies and programs generally applicable to peer executives of the Company. 
 (iii) Savings and Retirement Plans. During the Protected Period, Executive shall remain eligible to participate in the savings and retirement plans, practices, policies and programs generally
applicable to peer executives of the Company. 
 (iv) Welfare Benefit Plans. While employed by the Company
during the Employment Period, the Executive and/or the Executive’s family or beneficiary, as the case may be, shall be eligible to participate in and shall receive all benefits under welfare benefit programs generally applicable to full-time
employees of the Company. 
 (v) Business Expenses. During the Employment Period the Company shall, in
accordance with policies then in effect with respect to the payment of expenses, pay or reimburse the Executive for all reasonable out-of-pocket travel and other expenses (other than ordinary commuting expenses) incurred by the Executive in
performing services hereunder. All such expenses shall be accounted for in such reasonable detail as the Company may require. 
 (vi) Fringe Benefits. During the Protected Period, Executive shall be entitled to fringe benefits in accordance with the plans, practices, programs and policies of the Company to the extent
generally applicable to peer executives of the Company. 
 (vii) Vacations. The Executive shall be
entitled to periods of vacation not less than those to which the Executive was entitled immediately prior to the Operative Date. 

 SECTION 4. Termination of Employment. 
 (a) Death or Incapacity. The Executive’s employment shall terminate automatically upon the Executive’s death during the
Employment Period. The Executive’s employment shall cease and terminate on the date of determination by the Company that the Incapacity of the Executive has occurred during the Employment Period (“Incapacity Effective Date”).

 (b) Cause. The Company may terminate the Executive’s employment for Cause, as defined herein. 
 (c) Good Reason. The Executive may terminate his or her employment for Good Reason, as defined herein, provided Executive notifies
the Company of the existence of a condition that would constitute Good Reason within 90 days following the initial existence of the condition and further provided that the Company will have 30 days to cure the condition prior to Executive’s
Termination. If the Company cures the condition, Executive’s Termination will not be considered for Good Reason. 
 (d)
Notice of Termination. Any Termination by the Company for Cause or Incapacity, or by the Executive for Good Reason, shall be communicated by Notice of Termination to the other party hereto given in accordance with Section 11 of this
Agreement. For purposes of this Agreement, a “Notice of Termination” means a written notice which 
 (i) indicates the specific Termination provision in this Agreement relied upon, 
 (ii) to the extent
applicable, sets forth in reasonable detail the facts and circumstances claimed to provide a basis for Termination of the Executive’s employment under the provision so indicated, and 
 (iii) if the Date of Termination (as defined below) is other than the date of receipt of such notice, specifies the
Termination date (which date shall be not more than 30 days after the giving of such notice). The failure by the Executive or the Company to set forth in the Notice of Termination any fact or circumstance which contributes to a showing of Good
Reason, Incapacity or Cause shall not serve to waive any right of the Executive or the Company, respectively, hereunder or preclude the Executive or the Company, respectively, from asserting such fact or circumstance in enforcing the
Executive’s or the Company’s rights hereunder. 
 (e) Date of Termination. “Date of Termination”
means: 
 (i) if the Executive’s employment is terminated by the Company for Cause or by the Executive for
Good Reason, the date of receipt of the Notice of Termination or any later date specified therein, as the case may be, 
 (ii) if the Executive’s employment is terminated by the Company other than for Cause or Incapacity, the Date of Termination shall be the date specified by the Company in its notification to the Executive of such termination, and

 (iii) if the Executive’s employment is terminated by reason of death or Incapacity, the Date of
Termination shall be the date of death of the Executive or the Incapacity Effective Date, as the case may be. 

 SECTION 5. Obligations of the Company Upon Termination. 
 (a) Termination for Good Reason or for reasons other than for Cause, Death or Incapacity. If, during the Employment Period, the
Company shall terminate the Executive’s employment other than for Cause or Incapacity or the Executive shall terminate his or her employment for Good Reason: 
 (i) the Company shall pay to the Executive in a lump sum cash payment, less applicable deductions, within 10 days after the
Date of Termination the aggregate of the following amounts: 
 (A) a sum equal to (1) the Executive’s
currently effective Annual Base Salary through the Date of Termination to the extent not theretofore paid, (2) the product of (x) the Annual Target Bonus and (y) a fraction, the numerator of which is the number of days in the current
calendar year through the Date of Termination, and the denominator of which is 365 and (3) any accrued vacation pay, in each case to the extent not theretofore paid (the sum of the amounts described in clauses (1), (2) and (3) shall
be hereinafter referred to as the “Accrued Obligations”); and 
 (B) a sum equivalent to one times
Executive’s (1) Base Salary plus (2) Annual Target Bonus, each determined as of the Termination Date, unless otherwise noted in the Plan Document; provided, however, that any reduction in Executive’s Base Salary or Annual Target
Bonus that would qualify as Good Reason shall be disregarded for this purpose. 
 (ii) for the duration of the
Employment Period after the Executive’s Date of Termination, the Company shall continue medical and dental benefits to the Executive and/or the Executive’s family and the rights of the Executive and/or the Executive’s family under
Section 4980B(f) of the Internal Revenue Code shall commence at the end of such period; 
 (iii) a lump sum
payment in the amount of $25,000, equivalent to the estimated cost of reasonable outplacement services. 
 (b) Death or
Incapacity. If the Executive’s employment is terminated by reason of the Executive’s death or Incapacity during the Employment Period, this Agreement shall terminate without further obligations to the Executive’s legal
representatives under this Agreement, other than for timely payment of Accrued Obligations. 
 (c) Cause; Other than for Good
Reason. If the Executive’s employment shall be terminated for Cause during the Employment Period, this Agreement shall terminate without further obligations to the Executive other than timely payment to the Executive of the Executive’s
currently effective Annual Base Salary through the Date of Termination to the extent theretofore unpaid. If the Executive voluntarily terminates employment during the Employment Period, excluding a Termination for Good Reason, this Agreement shall
terminate without further obligations to the Executive, other than for the timely payment of Accrued Obligations. 
 SECTION 6. Application
of Code Section 409A. All payments under this Agreement are intended to comply with or be exempt from the application of Code Section 409A. To the full extent permitted under Code Section 409A and applicable Treasury Regulations,
this Agreement will be treated as a separation pay plan as defined in Treasury Regulations Section 1.409A-1(b)(9). Any payments that are made on account of Executive’s Termination and that are not exempt from Code Section 409A will be
delayed until the earlier of Executive’s death or six months following the date of Executive’s Termination if Executive is considered a specified employee as defined in Treasury Regulations Section 1.409A-1(i) as determined by the
Company. 

 SECTION 7. Non-exclusivity of Rights. Nothing in this Agreement shall prevent or limit the
Executive’s continuing or future participation in any plan, program policy or practice provided by the Company or any of its Affiliates and for which the Executive may qualify, nor, subject to Section 15(c), shall anything herein limit or
otherwise affect such rights as the Executive may have under any contract or agreement with the Company or any of its Affiliates. Amounts which are vested benefits or which the Executive is otherwise entitled to receive under any plan, policy,
practice or program of or any contract or agreement with the Company or any of its Affiliates at or subsequent to the Date of Termination shall be payable in accordance with such plan, policy, practice, program, contract or agreement except as
explicitly modified by this Agreement. 
 SECTION 8. No Mitigation. The Company agrees that, if the Executive’s employment is
terminated during the Employment Period for any reason, the Executive is not required to seek other employment or to attempt in any way to reduce any amounts payable to the Executive hereunder. Further, except as provided in Section 5(a)(ii)
hereof, the amount of any payment or benefit provided hereunder shall not be reduced by any compensation earned by the Executive as the result of employment by another employer, by retirement benefits, by offset against any amount claimed to be owed
by the Executive to the Company, or otherwise. 
 SECTION 9. Full Settlement. Subject to full compliance by the Company with all of its
obligations under this Agreement, this Agreement shall be deemed to constitute the settlement of such claims as the Executive might otherwise be entitled to assert against the Company or any of its Affiliates by reason of the Termination of the
Executive’s employment for any reason during the Employment Period. The Company’s obligation to make the payments provided for in this Agreement and otherwise to perform its obligations hereunder shall not be affected by any set-off,
counterclaim, recoupment, defense or other claim, right or action which the Company may have against the Executive or others. In no event shall the Executive be obligated to seek other employment or take any other action by way of mitigation of the
amounts payable to the Executive under any of the provisions of this Agreement and such amounts shall not be reduced, except as explicitly provided in Section 5(a)(ii), whether or not the Executive obtains other employment. 
 SECTION 10. Successors; Binding Agreement. 
 (a) The Company will require any successor (whether direct or indirect, by purchase, merger, consolidation or otherwise) to all or substantially all of the business or assets of the Company, by agreement,
in form and substance satisfactory to the Executive, expressly to assume and agree to perform this Agreement in the same manner and to the same extent that the Company would be required to perform if no such succession had taken place. As used in
this Agreement, “the Company” means the Company as defined in the preamble to this Agreement and any successor to its business or assets which executes and delivers the agreement provided for in this Section or which otherwise becomes
bound by all the terms and provisions of this Agreement by operation of law or otherwise. 
 (b) This Agreement shall be
enforceable by the Executive’s personal or legal representatives, executors, administrators, successors, heirs, distributes, devisees and legatees. 
 SECTION 11. Non-assignability. This Agreement is personal in nature and neither of the parties hereto shall, without the consent of the other, assign or transfer this Agreement or any rights or
obligations hereunder, except as provided in Section 10 hereof. Without limiting the foregoing, the Executive’s right

 
to receive payments hereunder shall not be assignable or transferable, whether by pledge, creation of a security interest or otherwise, other than a transfer by his or her will or by the laws of
descent or distribution, and, in the event of any attempted assignment or transfer by the Executive contrary to this Section, the Company shall have no liability to pay any amount so attempted to be assigned or transferred. 
 SECTION 12. Notices. For the purpose of this Agreement, notices and all other communications provided for herein shall be in writing and shall be
deemed to have been duly given when delivered or mailed by United States registered or certified mail, return receipt requested, postage prepaid, addressed as follows: 
  

					
	If to the Executive:	  	  
	  	
		  	  
	  	
		  	  
	  	
			
	If to the Company:	  	 Brink’s Home Security Holdings, Inc.
 8880 Esters Blvd.
 Irving, Texas 75063
 Attention: General Counsel
	  	

 or to such other address as either party may have furnished to the other in writing in accordance
herewith, except that notices of change of address shall be effective only upon receipt. 
 SECTION 13. Operation of Agreement.

 (a) This Agreement shall be effective as of the date first written above and continue to be effective so long as the Executive
is employed by the Company or any of its Affiliates. 
 (b) Notwithstanding anything in Section 13(a) to the contrary, this
Agreement shall be effective as of the date first written above and continue to be effective until the earlier of the Executive’s Separation from Service or December 31, 2010; provided, however, that this Agreement will automatically renew
for one year periods without further action by the parties unless the party wanting to terminate this Agreement as of December 31st of any year provides the other party with notice of the termination of the Agreement no later than
November 1st of that year. 
 SECTION 14. Governing Law. The validity, interpretation, construction and performance of this
Agreement shall be governed by the laws of the Commonwealth of Virginia without reference to principles of conflict of laws. 
 SECTION 15.
Miscellaneous. 
 (a) This Agreement contains the entire understanding with the Executive with respect to the subject
matter hereof and supersedes any and all prior agreements or understandings, written or oral, relating to such subject matter. No provisions of this Agreement may be modified, waived or discharged unless such modification, waiver or discharge is
agreed to in writing signed by the Executive and the Company. 
 (b) The invalidity or unenforceability of any provision of this
Agreement shall not affect the validity or enforceability of any other provision of this Agreement. 

 (c) Except as provided herein, this Agreement shall not be construed to affect in any way
any rights or obligations in relation to the Executive’s employment by the Company or any of its Affiliates prior to the Operative Date or subsequent to the end of the Employment Period. 
 (d) This Agreement may be executed in one or more counterparts, each of which shall be deemed to be an original but all of which together
will constitute one and the same Agreement. 
 (e) The Company may withhold from any benefits payable under this Agreement all
Federal, state, city or other taxes as shall be required pursuant to any law or governmental regulation or ruling. 
 (f) The
captions of this Agreement are not part of the provisions hereof and shall have no force or effect. 
 IN WITNESS WHEREOF, the parties have
caused this Agreement to be executed and delivered as of the day and year first above set forth. 
  

					
	BRINK’S HOME SECURITY HOLDINGS, INC.
		
	By:	 	  

		 	Robert B. Allen	 	Date
		 	President and CEO
		
		 	  

		 	[Name of Executive]	 	Date

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00166-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00166-of-00352.parquet"}]]