Document:

Non-Director and Non-Executive Officer Long-Term Stock Incentive Plan

 Exhibit 10.2 
  
 SEMTECH CORPORATION 
  
 Non-Director and Non-Executive Officer 
 Long-Term Stock Incentive Plan 
 (As Amended and Restated) 
  
 1. The Plan 
  
 (a) Purpose. The purpose of this Non-Director and Non-Executive Officer Long-Term Stock Incentive Plan (the “Plan”) is to promote the longer-term
financial success of Semtech Corporation (the “Company”) by providing a means to attract, retain and award individuals who can and do contribute to such success. By using stock-based compensation, the recipients of awards under the Plan
will further identify their interests with those of the Company’s stockholders. 
  
 (b) Effective Date. To serve this purpose, the Plan will become effective upon its approval by the Board of Directors of the Company (the “Board”). 
  
 2. Administration 
  

(a) Committee. The Plan shall be administered by a Committee, appointed by the Board. Notwithstanding the foregoing, the Board may assume, at its sole
discretion, administration of the Plan. The administrator of the Plan, whether a committee of the Board or the full Board, is referred to herein as the “Plan Administrator.” 
  
 (b) Powers and Authority. The Plan Administrator’s powers and authority include, but are not limited to, selecting individuals
who are (1) employees of the Company or any subsidiary of the Company or other entity in which the Company has a significant equity or other interest as determined by the Plan Administrator, and (2) not executive officers or directors of the Company
(“Eligible Participants”); determining the types and terms and conditions of all awards granted, including performance and other earnout and/or vesting contingencies; permitting transferability of awards to third parties; interpreting the
Plan’s provisions; and administering the Plan in a manner that is consistent with its purpose. 
  
 (c) Award Prices. For Plan purposes, all stock options, warrants and stock appreciation rights shall have an exercise price which shall reflect the average traded price of a share of the Company’s common
stock, par value $.01 per share (“Common Stock”), on the date as determined by the Plan Administrator, or if the Common Stock is not traded on such date, the average price on the next preceding day on which such Common Stock is traded. The
applicable date shall be the date on which the award is granted. 

 3. Shares Subject to Plan 
  
 (a) Maximum Shares Available for Delivery. Subject to Section 3(c), the maximum number of shares of Common Stock that may be
delivered to participants and their beneficiaries under the Plan shall be equal to 8,000,0001 shares of Common
Stock. Collectively the shares of Common Stock subject to this Plan are referred to herein as “Shares.” In addition, any Shares granted under the Plan which are forfeited back to the Company because of the failure to meet an award
contingency or condition shall again be available for delivery pursuant to new awards granted under the Plan. Any Shares covered by an award (or portion of an award) granted under the Plan, which is forfeited or canceled, expires or is settled in
cash, shall be deemed not to have been delivered for purposes of determining the maximum number of Shares available for delivery under the Plan. Likewise, if any stock option is exercised by tendering Shares, either actually or by attestation, to
the Company as full or partial payment in connection with the exercise of a stock option under this Plan or any prior plan of the Company, only the number of Shares issued net of the Shares tendered shall be deemed delivered for purposes of
determining the maximum number of Shares available for delivery under the Plan. Further, Shares issued under the Plan through the settlement, assumption or substitution of outstanding awards or obligations to grant future awards as a condition of
the Company acquiring another entity shall not reduce the maximum number of Shares available for delivery under the Plan. 
  
 (b) Other Plan Limits. Subject to Section 3(c), the following additional maximums are imposed under the Plan. No Shares may be covered by stock options intended to
comply with Section 422 of the Internal Revenue Code of 1986, as amended (the “Code”), (“Incentive Stock Options”). The maximum number of Shares that may be issued in conjunction with awards granted pursuant to Section 4(d) shall
be 150,000 The maximum number of Shares that may be covered by awards granted to any one individual pursuant to Sections 4(b) and 4(c) shall be 100,000 during any consecutive three calendar years. The maximum payment that can be made for awards
granted to any one individual pursuant to Sections 4(d) and 4(e) shall be $2,500,000 for any single or combined performance goals established for a specified performance period. If a payment under Sections 4(d) or 4(e) is made in Shares, the value
of such Shares for determining this maximum individual payment amount will be the closing price of a Share on the first day of the applicable performance period. A specified performance period for purposes of this performance goal payment limit
shall not exceed a sixty (60) consecutive month period. 
  
 (c) Payment
Shares. Subject to the overall limitation on the number of Shares that may be delivered under the Plan, the categories of Eligible Participants and the other 

	1	This number was originally 1,000,000, but has been restated here to give effect to (a) the Company’s two two-for-one stock splits, effected as stock dividends,
which were effective on August 30, 1999 and September 5, 2000, and (b) an increase of 4,000,000 Shares authorized by the Board on March 1, 2001. 

  

 2 

 limitations set forth in Section 3(b), the Plan Administrator may use available Shares as the form of payment for
compensation, grants or rights earned or due under any other compensation plans or arrangements of the Company, including the plan of any entity acquired by the Company. 
  
 (d) Adjustments for Corporate Transactions. The Plan Administrator may determine that: 
  
 (i) In the event that the outstanding shares of Common Stock of the Company
are changed into or exchanged for a different number or kind of shares or other securities of the Company by reason of any recapitalization, reclassification, stock split, stock dividend, combination or subdivision, appropriate adjustment shall be
made in the number of shares available under the Plan and under any stock awards granted under the Plan. Such adjustment to outstanding stock awards shall be made without change in the total price applicable to the unexercised portion of such
awards, and a corresponding adjustment in the applicable exercise price per share shall be made. No such adjustment shall be made which would, within the meaning of any applicable provisions of the Code, constitute a modification, extension or
renewal of any award or a grant of additional benefits to the holder of an award. 
  
 (ii) In case (A) the Company is merged or consolidated with another corporation or other entity and the Company is not the surviving corporation, (B) all or substantially all of the assets or more than 50% of the
outstanding voting stock of the Company is acquired by any other corporation or other entity or (C) of a reorganization or liquidation of the Company, the Plan Administrator or the governing body of any entity assuming the obligations of the
Company, shall, as to outstanding awards, either (x) make appropriate provision for the protection of any such outstanding awards by the substitution on an equitable basis of appropriate stock of the Company, or of the merged, consolidated or
otherwise reorganized corporation which will be issuable in respect of the shares of Common Stock of the Company, provided that no additional benefits shall be conferred upon participants as a result of such substitution, and the excess of the
aggregate fair market value of the shares subject to the awards immediately after such substitution over the purchase price thereof is not more than the excess of the aggregate fair market value of the shares subject to the award immediately before
such substitution over the purchase price thereof, or (y) upon written notice to the participants, provide that all unexercised awards must be exercised within a specified number of days of the date of such notice or they will be terminated. In any
such case, the Plan Administrator may, in its discretion, accelerate the exercise dates of outstanding awards; provided, however, that subsections (iii) and (iv) of this paragraph (d) shall govern acceleration of awards with respect to the
events described therein. 
  

 3 

 (iii) In case of (A) any consolidation or merger involving the Company if the shareholders of the Company
immediately before such merger or consolidation do not own, directly or indirectly, immediately following such merger or consolidation, more than fifty percent (50%) of the combined voting power of the outstanding voting securities or interests of
the corporation (or its parent corporation) or other entity resulting from such merger or consolidation in substantially the same proportion as their ownership of the shares of Common Stock immediately before such merger or consolidation; (B) any
sale, lease, license, exchange or other transfer (in one transaction or a series of related transactions) of all, or substantially all, of the business and/or assets of the Company or assets representing over 50% of the operating revenue of the
Company; or (C) any person (as such term is used in Sections 13(d) and 14(d) of the Exchange Act who is not, on September 30, 1999, a “controlling person” (as defined in Rule 405 promulgated under the Securities Act of 1933, as amended) (a
“Controlling Person”) of the Company shall become (x) the beneficial owner (within the meaning of Rule 13d-3 promulgated under the Exchange Act) of over 50% of the Company’s outstanding Common Stock or the combined voting power of the
Company’s then outstanding voting securities entitled to vote generally or (y) a Controlling Person of the Company, all outstanding awards, regardless of the date of grant of such awards, shall immediately become exercisable with respect to
100% of the Shares subject to such awards. This paragraph 3(d)(iii) shall apply only to awards granted prior to December 21, 2000. 
  
 (iv) In the event of the termination without cause of a participant within one year following a Change in Control (as defined below) or a Constructive
Termination (as defined below) of a participant, all outstanding awards, regardless of the date of grant of such awards, shall immediately become exercisable with respect to 100% of the Shares subject to such awards. 
  
 For purposes of this paragraph 3(d)(iv), “Constructive Termination” shall mean
participant’s voluntary termination within one year following participant’s knowledge of the occurrence of any of the following: (A) a reduction in participant’s base salary after a “Change in Control” (as defined below)
from that in effect immediately prior to the Change in Control; or (B) a material or substantial reduction or change in job duties, responsibilities and requirements after a Change in Control from participant’s prior duties, responsibilities
and requirements immediately prior to the Change in Control. Notwithstanding the foregoing, a termination shall not be treated as a Constructive Termination if the participant shall have specifically consented in writing to the occurrence of the
event giving rise to the claim of Constructive Termination.” 
  
 For purposes
of this paragraph 3(d)(iv), “Change in Control” shall mean the occurrence of any of the following events with respect to the Company: (A) any consolidation or merger involving the Company if the shareholders of the Company immediately
before such merger or consolidation do not own, directly or indirectly, immediately following such merger or consolidation, more than fifty percent (50%) of the combined voting power of the outstanding voting securities or interests of the
corporation (or its parent 
  

 4 

 corporation) or other entity resulting from such merger or consolidation in substantially the same proportion as their
ownership of the shares of Common Stock immediately before such merger or consolidation; (B) any sale, lease, license, exchange or other transfer (in one transaction or a series of related transactions) of all, or substantially all, of the business
and/or assets of the Company or assets representing over 50% of the operating revenue of the Company; or (C) any person (as such term is used in Sections 13(d) and 14(d) of the Exchange Act) who is not, on December 21,2000, a Controlling Person of
the Company shall become (x) the beneficial owner (within the meaning of Rule 13d-3 promulgated under the Exchange Act) of over 50% of the Company’s outstanding Common Stock or the combined voting power of the Company’s then outstanding
voting securities entitled to vote generally or (y) a Controlling Person of the Company. 
  
 This paragraph 3(d)(iv) shall apply only to awards granted on or after December 21, 2000. 
  
 4. Types of Awards 
  
 (a) General. An award may be granted singularly, in combination with another award(s) or in tandem whereby exercise or vesting of one award held by a participant
cancels another award held by the participant. Any award granted under the Plan shall be evidenced by a written agreement in form and substance satisfactory to the Plan Administrator. These agreements must conform to the Plan. The Plan Administrator
may include such terms, consistent with the Plan, as it determines in its discretion. Subject to Section 2(c), an award may be granted as an alternative to or replacement of an existing award under the Plan or under any other compensation plans or
arrangements of the Company, including the plan of any entity acquired by the Company. The types of awards that may be granted under the Plan include: 
  
 (b) Stock Option. A stock option represents a right to purchase a specified number of Shares during a specified period at a price per Share which is no less than
that required by Section 2(c). A stock option may not be in the form of an Incentive Stock Option and therefore will not qualify for favorable federal tax treatment. The Shares covered by a stock option may be purchased by means of a cash payment or
such other means as the Plan Administrator may from time to time permit, including without limitation (i) tendering (either actually or by attestation) Shares valued using the market price at the time of exercise, (ii) authorizing a third party to
sell Shares (or a sufficient portion thereof) acquired upon exercise of a stock option and to remit to the Company a sufficient portion of the sale proceeds to pay for all the Shares acquired through such exercise and any tax withholding obligations
resulting from such exercise; (iii) crediting toward the purchase price amounts from individuals’ deferred compensation account balances, including accrued dividend equivalent balances; or (iv) any combination of the above. 
  

 5 

 (c) Stock Appreciation Right. A stock appreciation right is a right to receive a payment in cash, Shares or a
combination, equal to the excess of the aggregate market price at time of exercise of a specified number of Shares over the aggregate exercise price of the stock appreciation rights being exercised. 
  
 (d) Stock Award. A stock award is a grant of Shares or of a right to receive Shares
(or their cash equivalent or a combination of both) in the future. Each stock award shall be subject to such conditions, restrictions and contingencies as the Plan Administrator shall determine. These may include continuous service and/or the
achievement of performance goals. The performance goals that may be used by the Plan Administrator for such awards shall consist of cash generation targets, profit, revenue and market share targets, profitability targets as measured by return
ratios, and shareholder returns. The Plan Administrator may designate a single goal criterion or multiple goal criteria for performance measurement purposes with the measurement based on absolute Company or business unit performances and/or on
performance as compared with that of other publicly-traded companies. 
  
 (e)
Cash Award. A cash award is a right denominated in cash or cash units to receive a payment, which may be in the form of cash, Shares or a combination, based on the attainment of pre-established performance goals and such other conditions,
restrictions and contingencies as the Plan Administrator shall determine. The performance goals that may be used by the Plan Administrator for such awards shall consist of cash generation targets, profits, revenue and market share targets,
profitability targets as measured by return ratios and shareholder returns. The Plan Administrator may designate a single goal criterion or multiple goal criteria for performance measurement purposes with the measurement based on absolute Company or
business unit performance and/or on performance as compared with that of other publicly-traded companies. 
  
 (f) Warrants. A warrant represents a right to purchase a specified number of Shares during a specified period at a price per Share which is no less than that required by Section 2(c). A warrant may be in the
form of warrant that will qualify for favorable tax treatment in a foreign jurisdiction. The Shares covered by a warrant may be purchased by means of a cash payment or such other means as the Plan Administrator may from time to time permit,
including without limitation (i) tendering (either actually or by attestation) Shares valued using the market price at the time of exercise, (ii) authorizing a third party to sell Shares (or a sufficient portion thereof) acquired upon exercise of a
warrant and to remit to the Company a sufficient portion of the sale proceeds to pay for all the Shares acquired through such exercise and any tax withholding obligations resulting from such exercise; (iii) crediting toward the purchase price
amounts from individuals’ deferred compensation account balances, including accrued dividend equivalent balances; or (iv) any combination of the above. 
  

 6 

 5. Award Settlement and Payments 
  
 (a) Dividends and Dividend Equivalents. An award may contain the right to receive
dividends or dividend equivalent payments which may be paid currently or credited to a participant’s account. Any such crediting of dividends or dividend equivalents or reinvestment in Shares may be subject to such conditions, restrictions and
contingencies as the Plan Administrator shall establish, including the reinvestment of such credited amounts in Share equivalents. 
  
 (b) Payments. Awards may be settled through cash payments, the delivery of Shares, the granting of awards or combination thereof as the Plan Administrator shall
determine. Any award settlement, including payment deferrals, may be subject to such conditions, restrictions and contingencies as the Plan Administrator shall determine. The Plan Administrator may permit or require the deferral of any award
payment, subject to such rules and procedures as it may establish, which may include provisions for the payment or crediting of interest, or dividend equivalents, including converting such credits into deferred Share equivalents. 
  
 6. Plan Amendment and Termination 
  
 (a) Amendments. The Board may amend this Plan as it deems necessary and appropriate
to better achieve the Plan’s purpose; provided however, that any amendment to the Plan which would require approval of the Company’s stockholders under applicable law, or under the rules or guidelines of any exchange or automatic quotation
system on which the Shares are traded or included, then, in any of such events, such stockholder approval of any such amendment shall also be obtained. 
  
 (b) Plan Suspensions and Termination. The Board may suspend or terminate this Plan at any time. Any such suspension or termination shall not of itself impair any
outstanding award granted under the Plan or the applicable participant’s rights regarding such award. If not earlier terminated, this Plan shall terminate upon the tenth anniversary of the effective date of the Plan. Unless (i) an earlier
termination is specified or (ii) a later termination is specified with respect to awards to optionees outside of the United States, awards granted under the Plan shall terminate upon the tenth anniversary of their date of grant. 
  
 7. Miscellaneous 
  
 (a) No Individual Rights. No person shall have any claim or right to be granted an
award under the Plan. Neither the Plan nor any action taken hereunder shall be construed as giving any employee or other person any right to continue to be employed by or to perform services for the Company, any subsidiary or related entity. The
right to terminate the employment of or performance of services by any Plan participant at any time and for any reason is specifically reserved to the employing entity. 
  

 7 

 (b) Binding Arbitration. Any dispute or disagreement regarding participation and/or an award recipient’s
rights under the Plan shall be settled solely by binding arbitration in accordance with the applicable rules of the American Arbitration Association. 
  
 (c) Unfunded Plan. The Plan shall be unfunded and shall not create (or be construed to create) a trust or a separate fund or funds. The Plan shall not establish
any fiduciary relationship between the Company and any participant or beneficiary of a participant. To the extent any person holds any obligation of the Company by virtue of an award granted under the Plan, such obligation shall merely constitute a
general unsecured liability of the Company and accordingly shall not confer upon such person any right, title or interest in any assets of the Company. 
  
 (d) Other Benefit and Compensation Programs. Unless otherwise specifically determined by the Plan Administrator, settlements of awards received by participants
under the Plan shall not be deemed a part of a participant’s regular, recurring compensation for purposes of calculating payments or benefits from any Company benefit plan or severance program. Further, the Company may adopt other compensation
programs, plans or arrangements as it deems appropriate. 
  
 (e) No Fractional
Shares. No fractional Shares shall be issued or delivered pursuant to the Plan or any award, and the Plan Administrator shall determine whether cash shall be paid or transferred in lieu of any fractional Shares, or whether such fractional Shares
or any rights thereto shall be canceled. 
  
 10-21-04 
  

 8Leggett & Platt Incorporated Deferred Compensation Program

 Exhibit 10.1 
  
 LEGGETT & PLATT, INCORPORATED 
 DEFERRED COMPENSATION PROGRAM 
 (Amended and Restated, Effective as of December 31, 2004) 

 
 TABLE OF CONTENTS 
  

					
	 	 	 	  	Page

	 1. NAME AND PURPOSE
	  	1
	         1.1
	 	Name.	  	1
	         1.2
	 	Purpose.	  	1
		
	 2. DEFINITIONS
	  	1
	         2.1
	 	Beneficiary	  	1
	         2.2
	 	Benefits.	  	1
	         2.3
	 	Committee.	  	1
	         2.4
	 	Common Stock	  	1
	         2.5
	 	Company	  	1
	         2.6
	 	Compensation.	  	1
	         2.7
	 	Deferred Compensation	  	1
	         2.8
	 	Disability	  	1
	         2.9
	 	Dividend Contributions	  	2
	         2.10
	 	Election	  	2
	         2.11
	 	Employer	  	2
	         2.12
	 	ERISA	  	2
	         2.13
	 	L&P Cash Deferral	  	2
	         2.14
	 	Lost Retirement Benefit Amount	  	2
	         2.15
	 	Option	  	2
	         2.16
	 	Participant	  	2
	         2.17
	 	Section 16 Officers	  	2
	         2.18
	 	Stock Units	  	2
	         2.19
	 	Unforeseeable Emergency.	  	2
		
	 3. ELECTION TO DEFER
	  	3
	         3.1
	 	Type and Amount of Deferral.	  	3
	         3.2
	 	Election.	  	3
	         3.3
	 	Benefit Plan Contributions and Payroll Deductions	  	3
	         3.4
	 	Vesting	  	3
		
	 4. OPTIONS
	  	3
	         4.1
	 	Number of Options	  	3
	         4.1
	 	Exercise Price	  	3
	         4.2
	 	Grant Date.	  	3
	         4.3
	 	Term of Options.	  	4
	         4.4
	 	Exercise of Options	  	4
	         4.5
	 	Non-Qualified Options.	  	4
	         4.6
	 	No Shareholders’ Rights	  	4

  

 i 

					
	 5. STOCK UNIT AND L&P CASH DEFERRALS
	  	4
	         5.1
	 	Stock Units	  	4
	         5.2
	 	Dividend Contributions	  	4
	         5.3
	 	Stock Unit Distributions	  	5
	         5.4
	 	Interest on L&P Cash Deferral.	  	5
	         5.5
	 	Payment Dates and Form of Distribution	  	5
	         5.6
	 	Convert L&P Cash Deferral to Option or Stock Units	  	5
	         5.7
	 	Unforeseeable Emergency	  	5
	         5.8
	 	Unsecured Creditor	  	5
	         5.9
	 	Claims under ERISA	  	5
		
	 6. COMPANY BENEFIT PLANS
	  	6
	         6.1
	 	Impact on Benefit Plans.	  	6
	         6.2
	 	Contributions.	  	6
		
	 7. ADMINISTRATION
	  	7
	         7.1
	 	Administration.	  	7
	         7.2
	 	Committee’s Authority	  	7
	         7.3
	 	Section 16 Officers and Non-Employee Directors	  	7
	         7.4
	 	Compliance with Applicable Law	  	7
		
	 8. MISCELLANEOUS
	  	7
	         8.1
	 	Change in Capitalization.	  	7
	         8.2
	 	No Right of Employment	  	7
	         8.3
	 	Beneficiary	  	7
	         8.4
	 	Transferability	  	8
	         8.5
	 	Binding Effect	  	8
	         8.6
	 	Amendments and Termination	  	8
	         8.7
	 	Governing Law	  	8

  

 ii 

 LEGGETT & PLATT, INCORPORATED 
 DEFERRED COMPENSATION PROGRAM 
 (Amended and Restated, Effective as of December
31, 2004) 
  
 1. NAME AND PURPOSE 
  
 1.1 Name. The name of this Program is the “Leggett &
Platt, Incorporated Deferred Compensation Program.” 
  
 1.2
Purpose. The Program is intended to provide selected key employees, non-employee directors and advisory directors of the Company the opportunity to defer future compensation. The Program is an unfunded deferred compensation program for
a select group of management and/or highly compensated employees as described in ERISA. Options and Stock Units provided for in the Program will be granted under the Company’s 1989 Flexible Stock Plan, as amended, and will be subject to the
terms of that plan. 
  
 2. DEFINITIONS 
  
 2.1 Beneficiary. The person or persons designated as the
recipient of a deceased Participant’s benefits under the Program. 
  
 2.2 Benefits. The benefits available under the Program, including Options, Stock Units and L&P Cash Deferrals. 
  
 2.3 Committee. The Compensation Committee of the Board of Directors of the Company or, except as to Section 16 Officers, any persons to whom
the administrative authority has been delegated. 
  
 2.4
Common Stock. The Company’s common stock, $.01 par value. 
  
 2.5 Company. Leggett & Platt, Incorporated. 
  
 2.6 Compensation. Salary, bonuses, director fees, and all other forms of cash compensation, to the extent designated by the Committee, earned and vested in a calendar year. Bonuses may be earned and
vested in one calendar year, but become payable in the following calendar year. 
  
 2.7 Deferred Compensation. Any Compensation that would have become payable to a Participant but for the Participant’s election to defer such Compensation. 
  
 2.8 Disability. A Participant is considered disabled if the
Participant (i) is unable to engage in any substantial gainful activity by reason of any medically determinable physical or mental impairment which can be expected to result in death or can be expected to last for a continuous period of not less
than 12 months, or (ii) is, by reason of any medically determinable physical or mental impairment which can be expected to result in death or can be expected to last for a continuous period of not less than 12 months, receiving income replacement
benefits for a period of not less than 3 months under an accident and health plan covering employees of the Participant’s employer. 
  

 1 

 2.9 Dividend Contribution. The Company’s contribution of dividend amounts to a
Participant’s account made pursuant to Section 5.2. 
  
 2.10
Election. A Participant’s election to defer Compensation, which sets forth the percentage or amount of Compensation to be deferred and such other items as the Committee may require. 
  
 2.11 Employer. The Company or any directly or indirectly
majority-owned subsidiary, partnership or other entity of the Company. 
  
 2.12 ERISA. The Employment Retirement Security Income Act of 1974, as amended. 
  
 2.13 L&P Cash Deferral. The deferral of Compensation into an obligation of the Company to pay on a future date or dates the Compensation
plus interest thereon determined pursuant to Section 5.4. 
  
 2.14
Lost Retirement Benefit Amount. An amount equal to: (i) the present value, if any, by which the Participant’s retirement benefit under the Company’s Retirement Plan would be reduced as a result of the deferral of Compensation
under the Program less (ii) the present value of Participant contributions not made to the Retirement Plan as a result of deferral of Compensation. 
  
 2.15 Option. An option to purchase shares of Common Stock issued pursuant to Section 4. 
  
 2.16 Participant. A director or advisory director of the
Company or a management or highly compensated employee of Employer selected by the Committee who has delivered a signed Election form to the Company. The Committee may revoke an individual’s right to participate in the Program if he no longer
meets the Program’s eligibility requirements or for any other reason. Such termination will not affect Benefits previously vested under the Program. 
  
 2.17 Section 16 Officers. All officers of the Company subject to the requirements of Section 16 of the Securities Exchange Act of 1934.

  
 2.18 Stock Unit. A unit of account deemed to
equal a single share (or fractional share) of Common Stock. No Participant or Beneficiary will have any of the rights of a shareholder with respect to Stock Units. 
  
 2.19 Unforeseeable Emergency. A severe financial hardship to the Participant resulting from an illness or
accident of the Participant, the Participant’s spouse, or a dependent of the Participant, loss of the Participant’s property due to casualty, or other similar extraordinary and unforeseeable circumstances arising as a result of events
beyond the control of the Participant. 
  

 2 

 3. ELECTION TO DEFER 
  
 3.1 Type and Amount of Deferral. Each Participant may elect to defer all or a portion of his Compensation into
an Option, Stock Units, an L&P Cash Deferral, or any combination of the three. 
  
 3.2 Election. A Participant’s Election must be made on or before December 31 for Compensation relating to the following calendar year, except that newly eligible Participants may make an Election
during the calendar year within 30 days of first becoming eligible for participation for Compensation earned subsequent to the date of Election. Elections may be modified or withdrawn until such time as an original Election could no longer be made.

  
 The Committee may provide for Elections at any other times
with respect to all or any part of Compensation or Contributions to the extent that such Elections are consistent with the requirements of Section 409A of the Internal Revenue Code. 
  
 3.3 Benefit Plan Contributions and Payroll Deductions. If Compensation payable after giving effect to a
deferral Election will be insufficient to make all Company benefit contributions and required tax withholdings, the Participant must, at the time of the Election, make arrangements suitable to the Company for the payment of such amounts. 

 
 3.4 Vesting. Benefits under the Program vest when the
Participant would have been vested in the Compensation but for the election to defer. Benefits not vested will terminate immediately upon a Participant’s termination of employment or, with respect to non-employee directors or advisory
directors, termination of service. 
  
 4. OPTIONS 
  
 4.1 Number of Options and Exercise Price. Unless the Committee
determines otherwise, the number of Option shares granted to a Participant is equal to the nearest number of whole shares determined under the following formula: 
  

	
	    Compensation Foregone x 5    
	Exercise Price

  
 “Compensation
Foregone” means the Compensation the Participant elected to defer into Options, plus the related Lost Retirement Benefit Amount, if any. The “Exercise Price” for each share covered by an Option is the fair market value of
Company stock on the Grant Date. 
  
 4.2 Grant Date.
Options will be granted as of the date of the lowest closing stock price in December of each year or such other date as the Committee determines (the “Grant Date”). 
  

 3 

 4.3 Term of Options. The term of an Option will expire 10 years after the Grant Date
(the “Expiration Date”). 
  
 4.4
Exercise of Options. Options will be exercisable at the later of (i) 12 months after the Grant Date or (ii) the date the option vests. However, despite any later specified date for exercise, any vested Option will become
exercisable in full upon the death or Disability of the Participant. 
  
 An Option may be exercised by delivering a written notice to the Company accompanied by payment of the Exercise Price for the shares purchased. Such payment may be made in cash, by delivery of shares of Common Stock (held for at least 6
months) or a combination of cash and Common Stock. Any such Common Stock will be valued at the per share closing price of the Company’s common stock on the trading day immediately preceding the date of exercise. No shares will be delivered in
connection with an Option exercise unless all amounts required to satisfy tax and any other required withholdings have been paid to the Employer. 
  
 An Option may be exercised only by a Participant during his life or, in the case of Disability, by his guardian or legal representative. Upon the death of
a Participant, the Option may be exercised by his Beneficiary or, if the Participant fails to designate a Beneficiary, by his legal representative. 
  
 If any Option has not been fully exercised on the Expiration Date, the unexercised portion of the Option shall be deemed exercised on such Expiration
Date, provided the then market price of a share of L&P Common Stock exceeds the per share Exercise Price. In such event, shares of Common Stock will not be issued until the Exercise Price and any other required amounts have been paid.

  
 4.5 Non-Qualified Options. All Options will be
non-qualified options that are not entitled to special tax treatment under §422 of the Internal Revenue Code. 
  
 4.6 No Shareholders’ Rights. A Participant will have no rights as a shareholder with respect to the shares covered by his Option
until a stock certificate has been issued for the shares. No adjustment will be made for dividends or other rights for which the record date is before the certificate date. 
  
 5. STOCK UNIT AND L&P CASH DEFERRALS 
  
 5.1 Stock Units. An account will be established to track Stock Units for each Participant who elects a Stock
Unit deferral. Compensation will be deferred on a bi-weekly basis or as Compensation otherwise would have been paid, unless the Committee determines otherwise. Any Lost Retirement Benefit will be credited to the Participant’s account at
year-end. All deferrals and Dividend Contributions to a Participant’s account will be used to acquire Stock Units at a price equal to 80% of the fair market value of a share of Common Stock on the date such deferrals and Dividend Contributions
are made. 
  
 5.2 Dividend Contributions. On the
date a cash dividend is paid on Common Stock, the Company will make a Dividend Contribution equal to the per share cash dividend on the number of Stock Units credited to the Participant’s account on the dividend record date. 
  

 4 

 5.3 Stock Unit Distributions. Prior to distribution, Stock Units will be converted to the
appropriate number of whole shares of Common Stock. The Company may withhold from such Common Stock any amount required to pay applicable taxes (at the Company’s required withholding rate). Alternatively, the Participant may pay such taxes in
cash if he elects to do so before the distribution date. 
  
 Annual installment distributions will be made by January 31st of each calendar year following the calendar year of the initial distribution. Each annual distribution will be equal to the balance of Stock Units in the Participant’s
account divided by the number of payments remaining. 
  
 5.4
Interest on L&P Cash Deferral. L&P Cash Deferrals will bear interest at a rate established by the Committee. The interest will begin accruing on the date the Deferred Compensation would have been paid but for the deferral.
Until the Committee determines otherwise, the Chief Financial Officer will determine the interest rates and the length of the deferral periods available to Participants. 
  
 5.5 Payment Dates and Form of Distribution. The Participant will select the date or dates of payout and the
form of distribution for Stock Unit and L&P Cash Deferrals on his Election form; provided, however, that the first payment date will not be earlier than two years after the Election is made or such other date as the Committee determines. The
Committee may establish maximum deferral periods and maximum payout periods. 
  
 The Participant may make a one-time election to extend the payout period or change the form of distribution for Stock Unit and L&P Cash Deferrals, not to exceed any maximum payout period established by the
Committee. The election change must be made not less than 12 months before the first scheduled payment date designated in the original Election and must extend the first distribution payment by at least five years. 
  
 5.6 Convert L&P Cash Deferral to Option or Stock Units. If
a Participant elects an L&P Cash Deferral, the Participant may later request that the Committee grant an Option or Stock Units in lieu of the L&P Cash Deferral. The Committee may, in its sole discretion and as permitted under applicable law,
grant such conversion to the Participant on such date and upon such terms as the Committee determines. The Participant will forfeit all accrued interest of the L&P Cash Deferral if the Committee grants his request. Any such request must satisfy
the conditions for a one-time election change specified in Section 5.5. 
  
 5.7 Unforseeable Emergency. In the event of an Unforeseeable Emergency, the Committee may, in its sole discretion and as permitted under applicable law, authorize an early distribution of a Participant’s vested L&P
Cash Deferral or Stock Unit account. 
  
 5.8 Unsecured
Creditor. The Company’s obligation to a Participant for Stock Unit and L&P Cash Deferrals is a mere promise to pay shares or money in the future and the Participant will have the status of a general unsecured creditor of the
Company. 
  
 5.9 Claims under ERISA. The Committee
and the Company’s Secretary will make all determinations regarding benefits under the Program in accordance with ERISA. 
  

 5 

 If a Participant believes he is entitled to receive a distribution under the Program and he does not
receive such distribution, he must make a claim in writing to the Committee. The Committee will review the claim. If the claim is denied, the Committee will provide a written notice of denial within 90 days setting out: the reasons for the denial;
provisions of the Program upon which the denial is based; any additional information to perfect the claim and why such information is necessary; the steps to be taken if a review is sought, including, as applicable, the right to file an action under
Section 502(a) of ERISA following an adverse determination; and the time limits for requesting a review and for review. 
  
 If a claim is denied and the Participant desires a review, he will notify the Secretary in writing within 60 days of the receipt of notice of denial. In
requesting a review, the Participant may review the Program or any related document and submit any written statement he deems appropriate. The Secretary will then review the claim and, if the decision is adverse to the Participant, provide a written
decision within 60 days setting out: the reasons for the denial; provisions of the Program upon which the denial is based; a statement that the Participant is entitled to receive, upon request and free of charge, copies of documents relied upon in
making the decision; and, as applicable, the Participant’s right to bring an action under Section 502(a) of ERISA. 
  
 6. COMPANY BENEFIT PLANS 
  
 6.1 Impact on Benefit Plans. The deferral of Compensation under the Program is not intended to affect other Employer benefit plans in which
the Participant is participating or may be eligible to participate. The following rules will apply to the types of benefits listed below. 
  

	 	•	Lost Retirement Benefit—Deferred Compensation may result in Lost Retirement Benefits under the Company’s Retirement Plan. However, the Company will increase the
amount deferred under an Option, Stock Unit, or L&P Cash Deferral by the Lost Retirement Benefit. 

  

	 	•	Executive Stock Unit Program—The amount of payroll deduction for Stock Units under the Company’s Executive Stock Unit Program will be calculated as if no deferral
had occurred. 

  

	 	•	Discount Stock Plan—Contributions under the Discount Stock Plan will be calculated as if no deferral had occurred. 

  

	 	•	Life Insurance and Disability Benefits—To the extent the level of benefits is based upon a Participant’s compensation, Deferred Compensation will be included when
it would have otherwise become payable but for the deferral. 

  
 6.2 Contributions. The Participant must make contributions and payments under all Employer benefit plans in which he is participating, except the Retirement Plan, in the amounts required as if no
deferral had occurred. If there is not sufficient Compensation after deferral from which to withhold required contributions and payments, the Participant must make arrangements suitable to the Company for payment of the required amounts. 

 

 6 

 7. ADMINISTRATION 
  

7.1 Administration. Except to the extent the Committee otherwise designates pursuant to Section 7.2(e), the Committee will control and
manage the operation and administration of the Program. 
  
 7.2
Committee’s Authority. The Committee will have such authority as may be necessary to discharge its responsibilities under the Program, including the authority to: (a) interpret the provisions of the Program; (b) adopt rules of
procedure consistent with the Program; (c) determine questions relating to Benefits and rights under the Program; (d) maintain records concerning the Program; (e) designate any Company employee or committee to carry out any of the Committee’s
duties, including authority to manage the operation and administration of the Program; and (f) determine the content and form of the Participant’s Election and all other documents required to carry out the Program. 
  
 7.3 Section 16 Officers and Non-Employee Directors.
Notwithstanding the foregoing, (i) the Committee may not delegate its authority with respect to Section 16 Officers, and (ii) the Board of Directors must approve any action related to Benefits for non-employee directors or advisory directors.

  
 7.4 Compliance with Applicable Law.
Notwithstanding anything contained in the Program or in any document issued under the Program, it is intended that the Program will at all times meet the requirements of Internal Revenue Code section 409A and any regulations or other guidance issued
thereunder, and that the provisions of the Program will be interpreted to meet such requirements. 
  
 8. MISCELLANEOUS 
  
 8.1 Change in Capitalization. In the event of a stock dividend, stock split, merger, consolidation or other recapitalization of the Company affecting the number of outstanding shares of Common Stock, the number of Option
shares and Exercise Price and the number of Stock Units credited to a Participant’s account will be appropriately adjusted. 
  
 8.2 No Right of Employment. Nothing contained in the Program or in any document issued under the Program will constitute evidence of any
agreement or understanding that the Employer will employ or retain the Participant for any period of time or at any particular rate of compensation. 
  
 8.3 Beneficiary. A Participant may designate one or more Beneficiaries to receive his Benefits if he dies. A Participant may change or
revoke a designation of a Beneficiary at any time upon written notice to the Company. If a notice of beneficiary is not on file or if the Beneficiary is not living when the Participant dies, the Participant’s estate will be his Beneficiary.

  

 7 

 8.4 Transferability. No Benefits or interests therein may be transferred, assigned or
pledged during a Participant’s lifetime. Benefits may not be seized by any creditor of a Participant or Beneficiary or transferred by operation of law in the event of bankruptcy or insolvency. Any attempted assignment or transfer will be void.
However, the Committee may, in its sole discretion, allow a Participant to transfer Options by way of a bona fide gift. The donee will hold such Options subject to the Program. 
  
 8.5 Binding Effect. The Program will be binding upon and inure to the benefit of the Company, its successors
and assigns, and each Participant, his heirs, personal representatives, and Beneficiaries. 
  
 8.6 Amendments and Termination. The Company will have the right to amend or terminate the Program at any time. However, no such amendment or termination will deprive any Participant of the right to
receive Benefits previously vested under the Program. 
  
 8.7
Governing Law. To the extent not preempted by ERISA, Missouri law will govern this Program. 
  

 8

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