Document:

BHI Acquisition Corp 2004 Deferred Compensation Plan

 Exhibit 10 (iv) 
  
 BHI ACQUISITION CORP. 
  
 2004 DEFERRED COMPENSATION PLAN 
  
 The BHI Acquisition Corp. 2004 Deferred Compensation Plan (the “Plan”) has been adopted by BHI Acquisition Corp., a corporation organized
under the laws of the state of Delaware, effective as of the Effective Date, for the benefit of its eligible employees. The Plan is a nonqualified deferred compensation plan pursuant to which the Company (as hereinafter defined) and its Affiliates
may defer compensation on behalf of certain employees. The Plan is maintained primarily for the purpose of providing deferred compensation for a select group of management or highly compensated employees, within the meaning of Sections 201(2),
301(a)(3) and 401(a)(1) of the Employee Retirement Income Security Act of 1974, as amended (“ERISA”). 
  
 ARTICLE I 
  
 DEFINITIONS 
  
 The following words and phrases used in this Plan shall have the respective meanings set forth below unless the context clearly indicates to the contrary. Wherever appropriate herein, words used in the singular shall be considered to
include the plural, words used in the plural shall be considered to include the singular, and the masculine gender shall be deemed to include the feminine gender. 
  
 Section 1.1 “Administrator” shall mean the Company acting through the Board or any Person to whom it
delegates its authority pursuant to Section 6.1(a)(i). 
  
 Section
1.2 “Affiliate” shall mean with respect to any Person, any other Person that, directly or indirectly through one or more intermediaries controls, is controlled by, or is under common control with, such Person and/or one or more
Affiliates thereof. As used in this definition, the term “control,” including the correlative terms “controlling,” “controlled by” and “under common control with,” means the possession, directly or indirectly,
of the power to direct or cause the direction of management or policies (whether through the ownership of securities or any partnership or other ownership interests, by contract or otherwise) of a Person. The term “Affiliate” shall not
include at any time any portfolio companies of Apollo Management V, L.P. or its Affiliates. 
  
 Section 1.3 “Beneficiary” shall have the meaning set forth in Section 6.8(a). 
  
 Section 1.4 “Board” shall mean the Board of Directors of the Company. 
  
 Section 1.5 “Bonus Participant” shall mean an employee who is entitled to receive a bonus payment amount in
the form of deferred compensation pursuant to Section 1.6 of the Stock Purchase Agreement. 
  
 Section 1.6 “Cause” means, with respect to the termination of employment of any Participant by the Company or any of its subsidiaries: (i) if such Participant is at the time of termination a party to
an employment agreement with the Company or any of its subsidiaries which defines such term, the meaning given to such term therein; and (ii) in all other cases, the termination by the Company or any of its subsidiaries of a Participant’s
employment based on such Participant’s (a) commission of a crime of moral turpitude or a felony that involves financial misconduct or moral turpitude or has resulted, or reasonably could be expected to result, in any adverse publicity regarding
the Participant or the Company or any of its subsidiaries or economic injury to the Company or any of its subsidiaries, (b) dishonesty or willful commission or omission of any action that has resulted, or reasonably could be expected to result, in
any adverse publicity regarding the Participant or the Company or any of its subsidiaries or has caused, or reasonably could be expected to cause, demonstrable and serious economic injury to the Company or any of its subsidiaries or (c) material
breach of the terms of this Plan or any other agreement entered into between the Participant and the Company or any of its subsidiaries or Affiliates after notice and a reasonable opportunity to cure (if such breach can be cured). For purposes
hereof, no act or omission shall be considered willful unless committed in bad faith or without a reasonable belief that the act or omission was in the best interests of the Company or any of its Affiliates. 

 Section 1.7 “Claimant” shall have the meaning set forth in Section 7.14(a). 

 
 Section 1.8 “Code” shall mean the Internal Revenue Code
of 1986, as amended. 
  
 Section 1.9 “Common
Stock” shall mean the common stock of the Company, par value $.001 per share, subject to adjustment in accordance with Section 6.7. 
  
 Section 1.10 “Company” shall mean BHI Acquisition Corp., a corporation organized under the laws of the state of Delaware, and its
successors. 
  
 Section 1.11 “Deferred Bonus
Amount” shall mean, with respect to a Bonus Participant, the number of Deferred Common Stock Units (if any) to be credited to this Plan for the benefit of the Bonus Participant pursuant to Section 1.6 of the Stock Purchase Agreement (and
excluding, in all events, any Deferred Restricted Stock Amount). 
  
 Section 1.12 “Deferred Compensation Account” of a Participant shall mean the bookkeeping account established on behalf of the Participant in accordance with Section 3.1. 
  
 Section 1.13 “Deferred Common Stock Unit” shall mean a
non-voting unit of measurement which is deemed, solely for bookkeeping purposes under the Plan, to be equivalent to one outstanding share of Common Stock (subject to Section 6.7). 
  
 Section 1.14 “Deferred Restricted Stock Amount” shall mean, with respect to a Restricted Stock Participant,
the number of Deferred Common Stock Units (if any) to be credited to this Plan for the benefit of the Restricted Stock Participant with respect to the Restricted Stock Participant’s prior restricted stock award(s), with such number of Deferred
Common Stock Units determined in accordance with the Participant’s letter of understanding with the Company that provides for his participation in this Plan. 
  
 Section 1.15 “Disability” means, with respect to each Participant, such Participant’s inability to
perform the duties and obligations required by the Participant’s job by reason of any medically determined physical or mental impairment, as determined in accordance with the provisions of long term disability coverage under the Borden
Chemical, Inc. Total Family Protection Plan; provided, however, that if the Participant has not elected long term disability coverage under the Total Family Protection Plan, then “Disability” shall mean, with respect to such Participant,
any medically determined physical or mental impairment (as determined by a physician selected by the Company or its insurers and acceptable to the Participant or the Participant’s legal representative (such agreement as to acceptability not to
be withheld unreasonably)) that prevents the Participant from performing the duties and obligations required by the Participant’s job for more than 90 days during a period of 180 consecutive days. 
  
 Section 1.16 “Distribution Date” shall mean the date on
which the event described in Section 5.1 shall occur. 
  
 Section 1.17 “Dividend Equivalent” shall have the meaning set forth in Section 4.2. 
  
 Section 1.18 “Effective Date” shall mean the date of the Closing of the Acquisition (as defined in the Stock Purchase Agreement).

  
 Section 1.19 “ERISA” shall have the meaning
set forth in the introductory paragraph of this Plan. 
  
 Section
1.20 “Exit Event” shall be deemed to have occurred (i) if at any time (x) any person (as defined in Section 13(d)(3) of the Securities Exchange Act of 1934, as amended) shall directly or indirectly own more than 40% of the voting
power of the Common Stock (on a fully diluted basis) of the Company and (y) such person owns a percentage of the voting power of the Common Stock (on a fully diluted basis) greater than the percentage of the voting power of the Common Stock (on a
fully diluted basis) held by the Investors, (ii) upon consummation of a merger or consolidation of the Company into or with another Person in which the Investors shall own less than 50% of the voting securities of the surviving Person (or the parent
corporation of the surviving Person where the surviving corporation is wholly owned by the parent) 
  

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 immediately following the consummation of such transaction, (iii) upon the sale, transfer or lease (but not including a
transfer or lease by pledge or mortgage to a bona fide lender) of all or substantially all of the assets of the Company or (iv) any change of control (or similar event, however denominated) with respect to the Company shall occur under and as
defined in any indenture or agreement to which the Company or any of its subsidiaries is a party with respect to any indebtedness for borrowed money the aggregate outstanding principal amount of which then exceeds $100,000,000. 
  
 Section 1.21 “Fair Market Value” shall have the meaning set
forth in the Investor Rights Agreement. 
  
 Section 1.22
“Good Reason” means voluntary resignation after any of the following actions are taken by the Company or any of its subsidiaries without the Participant’s consent: (a) the continued failure to pay compensation when due to the
Participant for more than thirty (30) days; (b) a significant diminution in the responsibilities or authority of the Participant other than an insubstantial and inadvertent diminution that is remedied by the Company promptly after receipt of written
notice thereof sent by the Participant; (c) a significant diminution in the annual base salary and bonus to be paid to the Participant as in effect on the Effective Date (but not including any diminution related to a broader compensation reduction
that is not limited to any particular employee or executive), or (d) relocation of the Participant’s primary work place, as assigned to him by the Company, beyond a fifty (50) mile radius of the employee’s current location; provided,
however, that none of the events described in the foregoing clauses (a), (b), (c) or (d) shall constitute Good Reason unless the Participant shall have notified the Company in writing describing the events which constitute Good Reason and then only
if the Company shall have failed to cure such events within (x) in the case of clause (a), fifteen (15) days, or (y) in the case of clauses (b), (c) or (d), thirty (30) days, after the Company’s receipt of such written notice. 
  
 Section 1.23 “Investor Rights Agreement” shall mean that
certain Investor Rights Agreement dated as of the Effective Date among the Company and the holders party thereto, as amended, restated, supplemented or otherwise modified from time to time. 
  
 Section 1.24 “Investors” shall mean, collectively, Apollo
Investment Fund V, L.P., a Delaware limited partnership, Apollo Overseas Partners V, L.P., a Cayman Islands exempted limited partnership and each of its Affiliates and any other investment fund or vehicle managed by Apollo Management V, L.P. or any
of its Affiliates (including any successors and assigns of any such manager). 
  
 Section 1.25 “Participant” shall mean any Person included in the Plan as provided in Article II. 
  
 Section 1.26 “Person” shall be construed broadly and shall include, without limitation, an individual, a partnership, a corporation, an
association, a joint stock company, a limited liability company, a trust, a joint venture, an unincorporated organization and a governmental entity or any department, agency or political subdivision thereof. 
  
 Section 1.27 “Plan” shall mean the BHI Acquisition Corp.
2004 Deferred Compensation Plan, as set forth in this document and as it may hereafter be amended from time to time. 
  
 Section 1.28 “Registration Rights Agreement” shall mean that certain Registration Rights Agreement dated as of the Effective Date among
the Company and the holders party thereto, as amended, restated, supplemented or otherwise modified from time to time. 
  
 Section 1.29 “Restricted Stock Agreement” shall mean either the Restricted Stock Award Agreement dated March 25, 2002 between Craig O.
Morrison and Borden Chemical, Inc. or the Restricted Stock Award Agreement dated April 1, 2002 between Joseph Bevilaqua and Borden Chemical, Inc. 
  
 Section 1.30 “Restricted Stock Participant” shall mean an employee who is a party to a Restricted Stock Agreement. 
  
 Section 1.31 “Stock Purchase Agreement” shall mean that
certain Stock Purchase Agreement dated as of July 5, 2004, as it is amended, restated, supplemented or otherwise modified from time to time among BHI Investment, LLC, BW Holdings LLC, Borden Holdings, Inc., Borden Chemical, Inc., Craig O. Morrison
and Joseph P. Bevilaqua. 
  

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 Section 1.32 “Trust” shall mean a grantor trust maintained under the terms of the
related Trust Agreement. 
  
 Section 1.33 “Trust
Agreement” shall mean a trust agreement entered into by and between the Company and the related Trustee with respect to this Plan, as amended, restated, supplemented or otherwise modified from time to time. 
  
 Section 1.34 “Trustee” means the entity, which has entered
into the related Trust Agreement as trustee of the Trust thereunder, and any duly appointed successor. 
  
 ARTICLE II 
  
 PARTICIPATION 
  
 Unless otherwise determined by
the Administrator in its sole discretion, each employee of the Company or any of its Affiliates who (1) has an annual base salary of not less than $125,000 and (2) is either a Bonus Participant or a Restricted Stock Participant and who is actively
employed by the Company or any of its Affiliates shall be eligible to participate in this Plan. If the Administrator determines in its sole discretion that a Participant no longer qualifies as a member of a select group of management or highly
compensated employees, as membership in such group is determined in accordance with Sections 201(2), 301(a)(3) and 401(a)(1) of ERISA, or that the inclusion of any eligible employee in this Plan could violate any applicable law or jeopardize the
status of this Plan as a plan intended to be “unfunded” and “maintained by an employer primarily for the purpose of providing deferred compensation for a select group of management or highly compensated employees” within the
meaning of ERISA Sections 201(2), 301(a)(3) and 401(a)(1), the Administrator shall have the right, in its sole discretion, to immediately distribute to such Participant a number of shares of Common Stock equal to the balance of such
Participant’s Deferred Common Stock Units and (other than the payment of any of the Participant’s Deferred Common Stock Units when (and if) they are no longer subject to forfeiture) terminate the Participant’s participation in this
Plan and/or take such further reasonable action that the Administrator deems appropriate in the circumstances. 
  
 ARTICLE III 
  
 DEFERRED COMPENSATION ACCOUNT 
  
 Section 3.1
Deferred Compensation Accounts. 
  
 (a) The Administrator
shall establish and maintain for each Participant a Deferred Compensation Account to which shall be (i) credited the amounts determined under Section 3.1(b), (ii) credited the amounts determined under Section 4.2 and (iii) debited the
number of shares of Common Stock (or cash equal to the value thereof) distributed under this Plan to such Participant. 
  
 (b) As of the Effective Date, the (i) Deferred Compensation Account of each Bonus Participant shall be credited with that number of Deferred Common Stock
Units equal to the Participant’s Deferred Bonus Amount and (ii) the Deferred Compensation Account of each Restricted Stock Participant shall be credited with that number of Deferred Common Stock Units equal to the Deferred Restricted Stock
Amount. Notwithstanding any other provision of this Plan, no amount shall be credited to any Participant’s Deferred Compensation Account prior to the Effective Date. 
  
 Section 3.2 Assignments Prohibited. No part of a Participant’s Deferred Compensation Account shall be liable for
the debts, contracts or engagements of any Participant, his or her beneficiaries or successors in interest, or be taken in execution by levy, attachment or garnishment or by any other legal or equitable proceeding, nor shall any such Person have any
rights to alienate, pledge, encumber, assign or otherwise transfer any benefits or payments hereunder in any manner whatsoever except to designate a beneficiary as provided herein. 
  
 Section 3.3 Trust Arrangement. Notwithstanding Section 7.5, the Company may at any time transfer assets
representing all or any portion of a Participant’s Deferred Compensation 
  

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 Account to a Trust to be held and invested and reinvested by the Trustee pursuant to the terms of the Trust Agreement.
However, to the extent provided in the Trust Agreement only, such transferred amounts shall remain subject to the claims of general creditors of the Company. To the extent that assets representing a Participant’s Deferred Compensation Account
are held in a Trust when his or her benefits under the Plan become payable, the Company may direct the Trustee (if the Company established a Trust) to pay such benefits to the Participant from the assets of the Trust. Notwithstanding any other
provision of the Plan, unless otherwise determined by the Administrator, no share of Common Stock to be distributed to a Participant under this Plan shall be transferred to a Trust, unless and until the Trustee of such Trust executes and delivers
the Investor Rights Agreement pursuant to which the Trustee shall be bound by the provisions of the Investor Rights Agreement as a “Management Holder” thereunder. Each Participant who has an interest in a Trust created pursuant to this
Section 3.3 shall execute any documents that are necessary in order to effectuate the foregoing. 
  
 ARTICLE IV 
  
 DEEMED INVESTMENTS 
  
 Section 4.1 Deferred
Common Stock Units. Unless otherwise required by law, as of the Effective Date each Participant’s Deferred Compensation Account shall be deemed to be credited with that number of Deferred Common Stock Units determined pursuant to Section
3.1(b). 
  
 Section 4.2 Dividend Equivalents. In the
event the Company pays a dividend or other distribution in respect of shares of Common Stock (other than any distributions made to Affiliates in connection with the satisfaction of any obligations under the Stock Purchase Agreement), each
Participant will receive a cash bonus (less applicable withholding taxes) equal to the amount of the dividends or other distribution such Participant would have received had such Participant owned shares of Common Stock equal to the number of shares
reflected in such Participant’s Deferred Compensation Account on the record date of such dividend or other distribution (each such cash bonus, a “Dividend Equivalent”). For purposes of clarity, adjustments pursuant to Section 6.7 in
the number and kind of securities or other consideration that may become payable with respect to the Deferred Common Stock Units shall be made only after taking into account any Dividend Equivalent paid or to be paid to the Participants in
connection with the applicable Event. 
  
 Section 4.3
Forfeiture. Notwithstanding any other provision of the Plan, 100% of a Participant’s Deferred Compensation Account shall be forfeited automatically if the Participant’s employment by the Company and its Affiliates is terminated by
the Participant for any reason (other than Good Reason or upon the Participant’s death or Disability) prior to (i) 120 days after the Effective Date, with respect to Bonus Participants and (ii) December 31, 2005, with respect to Restricted
Stock Participants. 
  
 Section 4.4 Account Not Funded; No
Stockholder Rights. A Participant’s Deferred Compensation Account shall be a memorandum account on the books of the Company. The Deferred Common Stock Units credited to a Participant’s Deferred Compensation Account shall be used solely
as a device for the determination of the number of shares of Common Stock to be eventually distributed to such Participant in accordance with this Plan. The Deferred Common Stock Units shall not be treated as property or (subject to Section
3.4) as a trust fund of any kind. Except as otherwise provided in Section 4.2 with respect to distribution of Dividend Equivalents, no Participant shall be entitled to any voting or other stockholder rights with respect to Deferred Common Stock
Units credited under this Plan. The number of Deferred Common Stock Units credited to a Participant’s Deferred Compensation Account (and the number of shares of Common Stock to which the Participant is entitled under this Plan) shall be subject
to adjustment in accordance with Section 6.7 of this Plan. 
  

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 ARTICLE V 
  

BENEFITS 
  
 Section 5.1 Time of Distribution. 
  
 (a) Except as otherwise set forth herein, each Participant’s Deferred Compensation Account, to the extent not previously forfeited pursuant to
Section 4.3 or previously distributed pursuant to Section 5.1(b) or 5.3, shall be distributed to the Participant (or his or her Beneficiaries, as applicable), less any amounts to be withheld pursuant to Section 7.4, upon (or as soon as
reasonably practicable following) the earliest to occur of (i) the termination of the Participant’s employment with the Company and its Affiliates (A) by the Company without Cause, (B) by the Participant for Good Reason or (C) upon the death or
Disability of the Participant, (ii) the termination of the Participant’s employment with the Company and its Affiliates for any reason at any time after (A) 120 days after the Effective Date in the case of a Bonus Participant and (B) December
31, 2005, in the case of a Restricted Stock Participant, (iii) an Exit Event or (iv) an event described in Section 5.1(b) below; provided, however, that in the event that a distribution is made pursuant to clause (iv) above with respect to
less than all of a Participant’s Deferred Common Stock Units, the Participant’s remaining Deferred Common Stock Units shall continue to be subject to the provisions of this Section 5.1(a). 
  
 (b) Notwithstanding anything to the contrary contained herein, if at any time
either (i) a Participant has the right to transfer shares of Common Stock pursuant to Section 2(a) of the Investor Rights Agreement in connection with a Tag Along Transaction (as defined in the Investor Rights Agreement), or is required to
transfer shares of Common Stock pursuant to Section 2(b) of the Investor Rights Agreement in connection with a Come Along Transaction (as defined in the Investor Rights Agreement), or (ii) a Participant is entitled to exercise registration
rights pursuant to any provision of the Registration Rights Agreement, then the Company will, subject to any tax withholding requirements of Section 7.4, issue and distribute to the Participant a number of shares of Common Stock in settlement of
Deferred Common Stock Units credited to the Participant’s Deferred Compensation Account equal to the maximum number of shares that the Participant is entitled or required to transfer in connection with such Tag Along Transaction or Come Along
Transaction (each as defined in the Investor Rights Agreement) or is entitled to sell in such registration (after giving effect to any applicable cutback provisions contained in the Registration Rights Agreement), as the case may be; provided
that in no event shall such number of shares to be distributed exceed the number of Deferred Common Stock Units credited to the Participant’s Deferred Compensation Account immediately prior to giving effect to such distribution. 
  
 Section 5.2 Form of Distribution. Except as otherwise provided in
Section 4.2, all distributions under the Plan with respect to Deferred Common Stock Units shall be made in a single lump sum payment in the form of an equivalent number of whole shares of Common Stock; provided, however, that (a) the
Administrator shall have the discretion to pay (i) the Deferred Common Stock Units attributable to Dividend Equivalents or (ii) the Deferred Common Stock Units distributable pursuant to Section 5.3, in cash, (b) in the case of a distribution of
Deferred Common Stock Units upon the death or Disability of the Participant, the Participant’s Deferred Common Stock Units shall be paid in cash and (c) in the case of a distribution of Deferred Common Stock Units pursuant to Section 5.1 upon
the termination of employment by the Company without Cause or by the Participant with Good Reason, the Administrator shall have the discretion to pay the Participant’s Deferred Common Stock Units in cash. Fractional shares shall be
disregarded but may be accumulated, or in the Administrator’s discretion, paid in cash. The amount of any cash payment made pursuant to this Section 5.2 shall equal the most recent Fair Market Value of a share of Common Stock as of the
date of payment, multiplied by the number of Deferred Common Stock Units to be paid in such manner. Notwithstanding any other provision of the Plan, unless otherwise determined by the Administrator, no share of Common Stock shall be issued to any
Participant (or his or her Beneficiaries, as applicable) under this Plan unless and until such Participant has executed and delivered the Investor Rights Agreement with the Company or a joinder agreement to such agreement. Except as otherwise
provided in Section 4.2 of the foregoing provisions of this Section 5.2, the payment of a Deferred Compensation Unit in cash (as opposed to a share of Common Stock) shall be in the Company’s sole discretion and no Participant shall have the
right to require a cash payment. 
  

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 Section 5.3 Distributions for Unforeseeable Emergencies. 
  
 (a) A Participant may request a distribution under the Plan for an
Unforeseeable Emergency (as defined below) without penalty. Such distribution for an Unforeseeable Emergency shall be subject to approval by the Administrator and may be made only to the extent necessary to satisfy the hardship plus amounts
necessary to pay taxes reasonably anticipated as a result of the distribution, after taking into account the extent to which such hardship is or may be relieved through reimbursement or compensation by insurance or otherwise or by liquidation of the
Participant’s assets (to the extent the liquidation of such assets would not itself cause severe financial hardship), and only with respect to non-forfeitable Deferred Common Stock Units credited to his or her Deferred Compensation Account. The
Administrator may treat a distribution as necessary to satisfy the hardship if it relies on the Participant’s written representation, unless the Administrator has actual knowledge to the contrary, that the hardship cannot reasonably be relieved
(i) through reimbursement or compensation by insurance or otherwise or (ii) by liquidation of the Participant’s assets, to the extent the liquidation of such assets would not itself cause severe financial hardship. 
  
 (b) For purposes of this Section 5.3, an “Unforeseeable
Emergency” shall mean a severe financial hardship to the Participant resulting from (i) a sudden and unexpected illness or accident of the Participant, the Participant’s spouse, or a dependent (as defined in Section 152(a) of the Code) of
the Participant, (ii) a loss of the Participant’s property due to casualty, or (iii) other similar extraordinary and unforeseeable circumstances arising as a result of events beyond the control of the Participant, all as determined by the
Administrator in its sole discretion. 
  
 Section 5.4 Special
Rules Regarding Distribution. Notwithstanding any provision in this Plan to the contrary, if a Participant becomes entitled to benefits under this Plan, the Administrator may delay the Participant’s benefit distribution date to a date that
occurs not later than thirteen (13) months after the date such distribution was originally scheduled to be made to the extent that the Administrator reasonably determines that such a later benefit distribution date is reasonably necessary to comply
with applicable laws, rules or regulations or is otherwise reasonably advisable to preserve the intended tax consequences of this Plan. 
  
 Section 5.5 Reduction in Number of Units. In connection with distributions of shares of Common Stock, other securities or property or cash in
payment of Deferred Common Stock Units pursuant to this Article V, or upon any forfeiture of the Participant’s Deferred Common Stock Units, the Participant’s Deferred Compensation Account will be decreased by decreasing the number of
Deferred Common Stock Units held in such account by the number of Deferred Common Stock Units so paid or forfeited, as applicable (it being understood that the Participant’s Deferred Compensation Account will not be decreased by reason of any
Dividend Equivalents paid to the Participant). 
  
 ARTICLE VI

  
 ADMINISTRATIVE PROVISIONS 
  
 Section 6.1 Administrator’s Duties and Powers. 
  
 (a) The Board shall conduct the general administration of the Plan in
accordance with the Plan and shall have full discretionary power and authority to carry out that function. Among its necessary powers and duties, are the following: 
  
 (i) To delegate all or part of its function as Administrator to any other Person and to revoke any such
delegation. 
  
 (ii) To determine questions of
eligibility and vesting of Participants and their entitlement to benefits. 
  
 (iii) To select and engage attorneys, accountants, actuaries, trustees, appraisers, brokers, consultants, administrators, physicians or other Persons to render service or advice with regard to any responsibility the
Administrator or the Board has under the Plan, to designate such Persons to carry out responsibilities, and (together with the Company, the Board and the Company’s officers, and employees) to rely upon the advice, opinions or valuations of any
such Persons, to the extent permitted by law, being fully protected in acting or relying thereon in good faith. 
  

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 (iv) To construe and interpret the terms of the Plan for purpose of the administration
and application of the Plan, in a manner not inconsistent with the Plan or applicable law and to amend or revoke any such interpretation. 
  
 (v) To adopt rules of the Plan that are not inconsistent with the Plan or applicable law and to amend or revoke any such rules.

  
 (b) Every finding, decision, and determination made by the
Administrator shall, to the full extent permitted by law, be final and binding upon the Company and each Participant, except to the extent found by a court of competent jurisdiction to be unreasonable. 
  
 (c) The Administrator shall, to the maximum extent reasonably possible,
interpret all provisions of this Plan in a manner that is consistent with all applicable laws, rules and regulations and the intended tax consequences of this Plan (including, without limitation, guidance that may be issued after the effective date
of this Plan). 
  
 Section 6.2 Indemnification by the Company;
Liability Insurance. 
  
 (a) The Company shall pay or
reimburse any of the Company’s officers, directors or employees who administer the Plan for all expenses incurred by such Persons in, and shall indemnify and hold them harmless from all claims, liability and costs (including reasonable
attorneys’ fees) arising out of, the good faith performance of their Plan functions. 
  
 (b) The Company may obtain and provide for any such Person, at the Company’s expense, liability insurance against liabilities imposed on him by law. 
  
 Section 6.3 Recordkeeping.  
  
 (a) The Administrator shall maintain suitable records of each Participant’s individual Deferred Compensation Accounts
and such other records as the Administrator deems appropriate in order to administer this Plan. 
  
 (b) The Administrator may appoint a secretary to keep the record of proceedings relating to the Plan, to transmit its decisions, instructions, consents or
directions to any interested party, and to execute and file, on behalf of the Administrator, such reports or other documents as may be necessary or appropriate under applicable law to perform ministerial acts. 
  
 (c) The Administrator shall not be required to maintain any records or
accounts which duplicate any records or accounts maintained by the Company. 
  
 Section 6.4 Service of Process. The Secretary of the Company is hereby designated as agent of the Plan for the service of legal process. 
  
 Section 6.5 Service in More than One Capacity. Any Person or group of Persons may serve in more than one capacity
with respect to the Plan. 
  
 Section 6.6 Statement to
Participants. The Administrator shall from time to time in its discretion furnish to each Participant a statement setting forth the value of his or her Deferred Compensation Accounts and such other information as the Administrator shall deem
advisable to furnish. 
  
 Section 6.7 Corporate Changes.
Upon the occurrence of an Event (as defined below), with respect to the Company or any class of its capital stock, the Administrator shall make such adjustments as it deems appropriate in the number and kind of securities or other consideration that
may become payable with respect to the Deferred Common Stock Units credited under this Plan so that a Participant’s rights to any amount hereunder are substantially proportionate to his or her rights existing immediately prior to such Event
(after taking into account any Dividend Equivalent paid or to be paid to the Participant in connection with such Event). If an Event shall occur and any Deferred Common Stock Units have not become non-forfeitable and paid upon such Event or prior
thereto, as a result of the application of the adjustments set forth in the immediately preceding sentence, such Deferred Common Stock Units may become payable in 
  

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 securities or other consideration (the “Restricted Property”) rather than in the Common Stock otherwise
payable in respect of such Deferred Common Stock Units. Such Restricted Property shall thereafter become payable to the applicable Participant at such time or times (if any) as the related Deferred Common Stock Units become payable to such
Participant in accordance with the Plan and shall be subject to the same forfeiture conditions as such related Deferred Common Stock Units (it being understood that if the Event is an Exit Event, such Deferred Common Stock Units will become
distributable pursuant to Section 5.1). Notwithstanding the foregoing, to the extent that the Restricted Property includes any cash, the commitment hereunder shall become an unsecured promise to pay an amount equal to such cash (with earnings
attributable thereto as if such amount had been invested, pursuant to policies established by the Administrator, in interest bearing, FDIC insured (subject to applicable insurance limits) deposits of a depository institution selected by the
Administrator) at such times and in such proportions as the related Deferred Common Stock Units become payable in accordance with the Plan. For purposes of this Section 6.7, “Event” means a liquidation, dissolution, Exit Event,
merger, consolidation, or other combination or reorganization, stock split, reverse stock split, or a recapitalization, reclassification, extraordinary dividend or other distribution (including a split up or a spin off of the Company or any
significant Subsidiary). 
  
 Section 6.8 Designation of
Beneficiary. 
  
 (a) Each Participant shall have the right to
designate, revoke and redesignate one or more beneficiaries hereunder (each a “Beneficiary”) and to direct payment of the amount or distribution of the items credited to his or her Deferred Compensation Account to such Beneficiaries upon
his or her death. Designation, revocation and redesignation of Beneficiaries shall be made on such form as shall be designated by the Administrator. If a married Participant wishes to designate a Person other than his or her spouse as Beneficiary,
the Administrator may require (as a condition precedent to the effectiveness of such designation) that such designation be consented to in writing by the spouse. Upon the dissolution of the marriage of a Participant, any designation of the
Participant’s former spouse as a Beneficiary shall be treated as though the Participant’s former spouse had predeceased the Participant, unless (i) the Participant executes another Beneficiary designation that complies with this Section
6.8 and that clearly names such former spouse as a Beneficiary, or (ii) a court order presented to the Administrator prior to distribution on behalf of the Participant explicitly requires the Participant to continue to maintain the former spouse
as the Beneficiary. In any case in which a Participant’s former spouse is treated under the Participant’s Beneficiary designation as having predeceased the Participant, no heirs or other beneficiaries of the former spouse shall receive
benefits from the Plan as a Beneficiary of the Participant except as provided otherwise in the Participant’s Beneficiary designation. Upon the receipt by the Administrator of a new, valid Beneficiary designation from a Participant, all
Beneficiary designations previously delivered by such Participant and received by the Administrator before the Participant’s death shall be canceled. The Administrator shall be entitled to rely on the last Beneficiary designation delivered by
the Participant. No designation, revocation or change in designation of a Beneficiary shall be valid or effective unless signed by the Participant (and by the Participant’s spouse, to the extent required pursuant to this Section 6.8(a)
and until received in writing by the Administrator or its designated agent. 
  
 (b) If a Participant fails to designate a Beneficiary as provided in Section 6.8(a) or, if all designated Beneficiaries predecease the Participant or die prior to complete distribution of the Participant’s
benefits under this Plan, then the Participant’s designated Beneficiary shall be deemed to be his or her surviving spouse. If the Participant has no surviving spouse, the duly appointed and currently acting personal representative of the
Participant’s estate (which shall include either the Participant’s probate estate or living trust) shall be deemed to be the Participant’s Beneficiary. In any case where there is no such personal representative of the
Participant’s estate duly appointed and acting in that capacity within ninety (90) days after the Participant’s death (or such extended period as the Administrator determines is reasonably necessary to allow such personal representative to
be appointed, but not to exceed one hundred eighty (180) days after the Participant’s death), then the Participant’s Beneficiary shall be deemed to be the Person or Persons who can verify by court order that they are legally entitled to
receive the benefits specified hereunder. If a Participant dies and his or her benefits become payable to the Participant’s Beneficiary, but the Beneficiary’s death occurs before such payment can actually be made, payment shall be made to
the Beneficiary’s surviving spouse. If there is no surviving spouse to receive any benefits payable in accordance with the immediately preceding sentence, the duly appointed and currently acting personal representative of the Beneficiary’s
estate (which shall include either the Beneficiary’s probate estate or living trust) 
  

 9 

 shall be the Beneficiary. In any case where there is no such personal representative of the Beneficiary’s estate
duly appointed and acting in that capacity within ninety (90) days after the Beneficiary’s death (or such extended period as the Administrator determines is reasonably necessary to allow such Personal representative to be appointed, but not to
exceed one hundred eighty (180) days after the Beneficiary’s death), then payment shall be made to the Person or Persons who can verify by court order that they are legally entitled to receive the benefits otherwise payable to the deceased
Beneficiary. 
  
 (c) If the Administrator has any doubt as to the
proper Beneficiary to receive payments pursuant to this Plan, the Administrator shall have the right, exercisable in its reasonable discretion, to withhold such payments until this matter is resolved to the Administrator’s reasonable
satisfaction. The payment of benefits under this Plan to a Participant’s Beneficiary in accordance with this Section 6.8 shall fully and completely discharge the Company and the Administrator from all further obligations under this Plan with
respect to the Participant. 
  
 ARTICLE VII 
  
 MISCELLANEOUS PROVISIONS 
  
 Section 7.1 Amendment of Plan. Except as may otherwise be prohibited
by applicable law, the Plan may be wholly or partially amended by the Administrator from time to time including retroactive amendments; provided, however, that no amendment shall lengthen the time period applicable to such Participant
under Section 4.3 or 5.1(a)(ii) or otherwise decrease the non-forfeitable interest any Participant or any other Person entitled to payment under the Plan has in the Participant’s Deferred Compensation Accounts without such Participant’s
written approval. 
  
 Section 7.2 Termination of the Plan.
While the Plan is intended as a permanent program, the Board shall have the right at any time to declare the Plan terminated completely as to the Company or as to any division, facility or other operational unit thereof. In the event of any
termination, the Administrator shall continue to maintain the Participants’ Deferred Compensation Accounts (in accordance with the terms of the Plan) and payment of such Deferred Compensation Accounts shall be made in accordance with Article V.

  
 Section 7.3 Errors and Misstatements. In the event of
any misstatement or omission of fact by a Participant to the Administrator or any clerical error resulting in payment of benefits in an incorrect amount, the Administrator shall promptly cause the amount of future payments to be corrected upon
discovery of the facts and shall pay the applicable Participant or other Person entitled to payment under the Plan any underpayment in cash in a lump sum or shall either recoup any overpayment from future payments to the applicable Participant or
other Person entitled to payment under the Plan or proceed against the applicable Participant or other Person entitled to payment under the Plan for recovery of any such overpayment. 
  
 Section 7.4 Tax Withholding. 
  
 (a) The Company may, in its reasonable discretion, satisfy any state or federal employment tax withholding obligation with
respect to the lapse of forfeiture restrictions on Deferred Common Stock Units credited to the Participant’s Deferred Compensation Account by either (i) deducting such amounts from any compensation payable by the Company to the Participant, or
(ii) reducing the number of non-forfeitable Deferred Common Stock Units credited to the Participant’s Deferred Compensation Account by the amount necessary to satisfy such withholding obligation. 
  
 (b) There shall be deducted from each payment or distribution made to a
Participant (or Beneficiary) under the Plan, or any other compensation payable to a Participant (or Beneficiary) under the Plan, all taxes which are required to be withheld by the Company in respect of such payment or distribution (or other
compensation). The Company shall reduce any payment or distribution (or other compensation) by the amount of cash and/or shares of Common Stock sufficient to provide the amount of said taxes. To the extent that any shares of Common Stock are
withheld, the determination of the appropriate number of shares required to satisfy all or a portion of any such tax will be based on the Fair Market Value of a share of Common Stock on the day prior to the date of distribution. If the Company, for
any reason, elects not to (or 
  

 10 

 cannot) satisfy the withholding obligation from the amounts otherwise payable or the shares of Common Stock otherwise
distributable under this Plan, the Participant shall pay or provide for payment in cash of the amount of any taxes which the Company may be required to withhold with respect to the benefits hereunder. 
  
 Section 7.5 Governing Law; Severability. This Plan shall be construed,
administered and governed in all respects under and by applicable federal laws and, where state law is applicable, the laws of the State of Delaware. If any provisions of this Plan shall be held by a court of competent jurisdiction to be invalid or
unenforceable, the remaining provisions hereof shall continue to be fully effective. 
  
 Section 7.6 Unsecured General Creditor. Participants and their Beneficiaries, heirs, successors, and assigns shall have no legal or equitable rights, claims, or interest in any specific property or assets of
the Company. No assets of the Company shall be held under any trust (except as provided in Section 3.4), or held in any way as collateral security, for the fulfilling of the obligations of the Company under this Plan. Any and all of the
Company’s assets shall be, and remain, the general unpledged, unrestricted assets of the Company. The Company’s payment obligations under the Plan shall constitute merely an unfunded and unsecured promise of the Company to pay benefits in
the future to those Persons to whom the Company has a benefit obligation under this Plan (as determined in accordance with the terms hereof), and the respective rights of the Participants and Beneficiaries shall be no greater than those of the
Company’s unsecured general creditors. 
  
 Section 7.7
Limitation on Rights of Employees. The Plan is strictly a voluntary undertaking on the part of the Company and shall not constitute a contract of employment between the Company and any Participant. Nothing contained in the Plan shall give any
Participant the right to be retained in the service of the Company or to interfere with or restrict the right of the Company, which is hereby expressly reserved, to discharge or retire any Participant at any time without notice and with or without
cause, except as provided by law. Inclusion under the Plan will not give any Participant any right or claim to any benefit hereunder except to the extent such right has specifically become fixed under the terms of the Plan. The doctrine of
substantial performance shall have no application to Participants or any other Persons entitled to payments under the Plan. 
  
 Section 7.8 Payment on Behalf of Minors or Persons under Incapacity. In the event any amount becomes payable under the Plan to a minor or a Person
who, in the sole judgment of the Administrator is considered by reason of physical or mental condition to be unable to give a valid receipt therefor, the Administrator may direct that such payment be made to any Person found by the Administrator, in
its sole judgment, to have assumed the care of such minor or other Person. Any payment made pursuant to such determination shall constitute a full release and discharge of the Company, the Board, the Administrator, and their officers, directors and
employees in respect of such payment. 
  
 Section 7.9
References. Unless the context clearly indicates to the contrary, a reference to a statute, regulation or document shall be construed as referring to any subsequently enacted, adopted or executed successor statute, regulation or document.

  
 Section 7.10 Inability to Locate Participant. In the
event that, notwithstanding its reasonable efforts to do so, the Administrator is unable to locate a Participant or Beneficiary within two years following the date on which the Participant’s employment by the Company and its Affiliates
terminates for any reason, or if earlier, within two years following the date a distribution is to be made to the Participant in respect of his or her Deferred Compensation Account pursuant to Section 5.1(a), the amount allocated to the
Participant’s Deferred Compensation Account shall be forfeited. If, after such forfeiture, the Participant or Beneficiary later claims such benefits, such benefits shall be reinstated without interest or credits for Dividend Equivalents under
Section 4.2. 
  
 Section 7.11 Compliance with Laws.
This Plan, the offer, issuance and delivery of securities under this Plan, and, if applicable, the payment of money under this Plan, are subject to compliance with all applicable federal and state laws, rules and regulations (including but not
limited to state and federal securities laws) and to such approvals by any listing, regulatory or governmental authority as may, in the opinion of counsel for the Company, be necessary or advisable in connection therewith. Each Person acquiring any
securities under this Plan will, if 
  

 11 

 requested by the Company, provide such assurances and representations to the Company as the Administrator may deem
necessary or desirable to assure compliance with all applicable legal requirements. 
  
 Section 7.12 Effect Upon Other Plans. Except to the extent provided herein, nothing in this Plan shall be construed to affect the provisions of any other plan maintained by the Company. 
  
 Section 7.13 Titles. Titles are provided herein for convenience only
and are not to serve as a basis for interpretation or construction of the Plan. 
  
 Section 7.14 Claims Procedure. 
  
 (a) Presentation of Claim. Any Participant or Beneficiary of a deceased Participant (such Participant or Beneficiary being referred to below as a “Claimant”) may deliver to the Administrator a written claim for a
determination with respect to the benefits payable to such Claimant pursuant to this Plan. If such a claim relates to the contents of a notice received by the Claimant, the claim must be made within sixty (60) days after such notice was received by
the Claimant. All other claims must be made within one hundred eighty (180) days of the date on which the event that caused the claim to arise occurred. The claim must state with particularity the determination desired by the Claimant. 

 
 (b) Notification of Decision. The Administrator shall consider a
Claimant’s claim within a reasonable time, but no later than ninety (90) days after receiving the claim. If the Administrator determines that special circumstances require an extension of time for processing the claim, written notice of the
extension shall be furnished to the Claimant prior to the termination of the initial ninety (90) day period. In no event shall such extension exceed a period of ninety (90) days from the end of the initial period. The extension notice shall indicate
the special circumstances requiring an extension of time and the date by which the Administrator expects to render the benefit determination. As soon as practicable after making its determination, the Administrator shall notify the Claimant in
writing: 
  
 (i) that the Claimant’s
requested determination has been made, and that the claim has been allowed in full; or 
  
 (ii) that the Administrator has reached a conclusion contrary, in whole or in part, to the Claimant’s requested determination, and
such notice must set forth in a manner calculated to be understood by the Claimant: 
  
 (A) the specific reason(s) for the denial of the claim, or any part of it; 
  
 (B) specific reference(s) to pertinent provisions of this Plan upon which such denial was based; 

 
 (C) a description of any additional material or
information necessary for the Claimant to perfect the claim, and an explanation of why such material or information is necessary; 
  
 (D) an explanation of the claim review procedure set forth in Section 7.14(c); and 
  
 (E) a statement of the Claimant’s right to bring a
civil action under ERISA Section 502(a) following an adverse benefit determination on review. 
  
 (c) Review of a Denied Claim. No later than sixty (60) days after receiving a notice from the Administrator that a claim has been denied, in whole or in part, a Claimant (or the Claimant’s duly authorized
representative) may file with the Administrator a written request for a review of the denial of the claim. The Claimant (or the Claimant’s duly authorized representative): 
  
 (i) may, upon request and free of charge, have reasonable access to, and copies of, all documents, records
and other information relevant to the claim for benefits; 
  

 12 

 (ii) may submit written comments or other documents; and/or 
  
 (iii) may request a hearing, which the Administrator, in its
sole discretion, may grant. 
  
 (d) Decision on Review. The
Administrator shall render its decision on review promptly, and no later than sixty (60) days after the Administrator receives the Claimant’s written request for a review of the denial of the claim. If the Administrator determines that special
circumstances require an extension of time for completing its review, written notice of the extension shall be furnished to the Claimant prior to the termination of the initial sixty (60) day period. In no event shall such extension exceed a period
of sixty (60) days from the end of the initial period. The extension notice shall indicate the special circumstances requiring an extension of time and the date by which the Administrator expects to render its decision on the review. In rendering
its decision, the Administrator shall take into account all comments, documents, records and other information submitted by the Claimant relating to the claim, without regard to whether such information was submitted or considered in the initial
benefit determination. The decision must be written in a manner calculated to be understood by the Claimant, and it must contain: 
  
 (i) specific reasons for the decision; 
  
 (ii) specific reference(s) to the pertinent Plan provisions upon which the decision was based; 
  
 (iii) a statement that the Claimant is entitled to receive,
upon request and free of charge, reasonable access to and copies of, all documents, records and other information relevant (as defined in applicable ERISA regulations) to the Claimant’s claim for benefits; and 
  
 (iv) a statement of the Claimant’s right to bring a
civil action under ERISA Section 502(a). 
  
 * * * * * 

 
 As adopted by the Board of Directors on August 12, 2004. 
  

 13BHI Acquisition Corp. 2004 Stock Incentive Plan

 Exhibit 10 (v) 
  
 BHI ACQUISITION CORP. 
 2004 Stock Incentive Plan 

 ARTICLE I 
  

PURPOSE OF THE PLAN 
  
 The purpose of the BHI ACQUISITION CORP. 2004 STOCK INCENTIVE PLAN (the “Plan”) is (a) to further the growth and success of BHI
Acquisition Corp., a Delaware corporation (the “Company”), and its Subsidiaries (as hereinafter defined) by enabling directors and employees of, or consultants to, the Company or any of its Subsidiaries to acquire Shares (as
hereinafter defined), thereby increasing their personal interest in such growth and success, and (b) to provide a means of rewarding outstanding performance by such persons to the Company and/or its Subsidiaries. Awards granted under the Plan (the
“Awards”) shall be nonqualified stock options (referred to herein as “Options” or “NSOs”) and rights to purchase Shares. In the Plan, the terms “Parent” and “Subsidiary” mean
“Parent Corporation” and “Subsidiary Corporation,” respectively, as such terms are defined in Sections 424(e) and (f) of the Internal Revenue Code of 1986, as amended (the “Code”). 
  
 ARTICLE II 
  
 DEFINITIONS 
  
 As used in the Plan, the following terms shall have the meanings set forth
below: 
  
 “Adoption Agreement” means an
agreement between the Company and a holder of Shares, pursuant to which such holder agrees to become a party to the Investor Rights Agreement. 
  
 “Affiliate” means with respect to any Person, any other Person that, directly or indirectly through one or more intermediaries controls,
is controlled by, or is under common control with, such Person and/or one or more Affiliates thereof. As used in this definition, the term “control”, including the correlative terms “controlling”, “controlled by” and
“under common control with,” means the possession, directly or indirectly, of the power to direct or cause the direction of the management or policies (whether through the ownership of securities or any partnership or other ownership
interests, by contract or otherwise) of a Person. The term “Affiliate” shall not include at any time any portfolio companies of Apollo Management V, L.P. or any of its Affiliates. 
  
 “Award” has the meaning set forth in Article I hereof.

  
 “Award Agreement” means any writing setting
forth the terms of an Award that has been duly authorized and approved by the Committee. 
  
 “Board” has the meaning set forth in Section 3.1 hereof. 
  
 “Capital Stock” means any and all shares of, interests and participations in, and other equivalents (however designated) of stock,
including without limitation all Common Stock and preferred stock. 
  
 “Cause” means, with respect to a Termination of Relationship: (i) if such Participant is at the time of termination a party to an employment agreement with the Company or any of its 
  

 1 

 subsidiaries which was entered into after the adoption of this Plan and defines such term, the meaning given therein, and
(ii) in all other cases, a Termination of Relationship by the Company or any of its subsidiaries based on such Participant’s (a) commission of a crime of moral turpitude or a felony that involves financial misconduct or moral turpitude or has
resulted, or reasonably could be expected to result, in any adverse publicity regarding the Participant or the Company or any of its subsidiaries or economic injury to the Company or any of its subsidiaries, (b) dishonesty or willful commission or
omission of any action that has resulted, or reasonably could be expected to result, in any adverse publicity regarding the Participant or the Company or any of its subsidiaries or has caused, or reasonably could be expected to cause, demonstrable
and serious economic injury to the Company or any of its subsidiaries or (c) material breach of the terms of any agreement entered into between the Participant and the Company or any of its Subsidiaries or Affiliates after notice and a reasonable
opportunity to cure (if such breach can be cured). For purposes hereof, no act or omission shall be considered willful unless committed in bad faith or without a reasonable belief that the act or omission was in the best interests of the Company or
any of its Subsidiaries. 
  
 “Closing Date” means
August    , 2004. 
  
 “Code”
has the meaning set forth in Article I hereof. 
  
 “Committee” has the meaning set forth in Section 3.1 hereof. 
  
 “Common Stock” means the common stock of the Company, par value $0.001 per share. 
  
 “Company” has the meaning set forth in Article I hereof. 
  
 “Disability” means, with respect to each Participant, such Participant’s inability to perform the
duties and obligations required by the Participant’s job by reason of any medically determined physical or mental impairment, as determined in accordance with the provisions of long term disability coverage under the Borden Chemical, Inc. Total
Family Protection Plan; provided, however, that if the Participant has not elected long term disability coverage under the Total Family Protection Plan, then “Disability” shall mean, with respect to such Participant, any
medically determined physical or mental impairment (as determined by a physician selected by the Company or its insurers and acceptable to the Participant or the Participant’s legal representative (such agreement as to acceptability no to be
withheld unreasonably)) that prevents the Participant from performing the duties and obligations required by the Participant’s job for more than 90 days during a period of 180 consecutive days. 
  
 “Distributed Securities” means any securities received by
the Investor as a return on the Investor Investment that have been distributed to investors in investment funds managed by Apollo Management V, L.P or any of its Affiliates. 
  
 “Effective Date” means the date the Plan is adopted by the Board. 
  
 “Exchange Act” means the Securities Exchange Act of 1934, as
amended. 
  
 “Independent Third Party” means any
Person which (a) did not own in excess of five percent (5%) of the Common Stock deemed outstanding (on a fully diluted basis) as of the first anniversary of the Effective Date and (b) is not an Affiliate of any such owner. 
  

 2 

 “Investor” means, collectively, Apollo Investment Fund V, L.P., Apollo Overseas Partners
V, L.P., and each of their Affiliates and any other investment fund or vehicle managed by Apollo Management V, L.P. or any of its Affiliates (including any successors or assigns of any such manager). 
  
 “Investor Investment” means direct or indirect investments
in Shares or other Capital Stock of the Company made by the Investor on or after the Closing Date. 
  
 “Investor IRR” means the pretax compounded annual internal rate of return calculated on a quarterly basis realized to the Investor on the
Investor Investment, based on the aggregate amount invested by the Investor for all Investor Investments and the aggregate amount of cash received, and Distributed Securities distributed, by the Investor in respect of all Investor Investments,
assuming all Investor Investments were purchased by one Person and were held continuously by such Person. The Investor IRR shall be determined based on the actual time of each Investor Investment and actual cash received, and Distributed Securities
distributed, by the Investor in respect of all Investor Investments and including, as a return on each Investor Investment, any cash dividends, cash distributions or cash interest made by the Company or any Subsidiary in respect of such Investor
Investment during such period, but excluding any other amounts payable that are not directly attributable to an Investor Investment. For purposes of determining Investor IRR in respect of Distributed Securities, the fair market value of those
securities on the date on which the Distributed Securities are distributed shall be used for purposes of calculating the annual internal rate of return, and such date shall be deemed the date on which the return on the Investor Investment was
received by the Investor. 
  
 “Investor Rights
Agreement” means the Investor Rights Agreement, dated as of the Closing Date, among the Company and the holders party thereto, as it is amended, supplemented, restated or otherwise modified from time to time. 
  
 “Notice” has the meaning set forth in Section 5.7
hereof. 
  
 “NSOs” has the meaning set forth in
Article I hereof. 
  
 “Option” has the meaning
set forth in Article I hereof. 
  
 “Option Price”
has the meaning set forth in Section 5.4 hereof. 
  
 “Option Shares” has the meaning set forth in Section 5.7(b) hereof. 
  
 “Participant” has the meaning set forth in Article IV hereof. 
  
 “Person” shall be construed broadly and shall include, without limitation, an individual, a partnership, a
corporation, an association, a joint stock company, a limited liability company, a trust, a joint venture, an unincorporated organization and a governmental entity or any department, agency or political subdivision thereof. 
  
 “Plan” has the meaning set forth in Article I hereof.

  

 3 

 “Public Offering” means the closing of a public offering of Common Stock pursuant to a
registration statement declared effective under the Securities Act, except that a Public Offering shall not include an offering made primarily in connection with an employee benefit plan of the Company or made primarily to employees or consultants
of the Company. 
  
 “Purchase Price” has the
meaning set forth in Section 6.2 hereof. 
  
 “Realization Event” means (a) the consummation of a Sale of the Company or (b) any transaction or series of related transactions in which the Investor sells at least 50% of the Shares directly or indirectly acquired by it
(from the Company or otherwise) and at least 50% of the aggregate of all Investor Investments. 
  
 “Reorganization” has the meaning set forth in Section 7.1 hereof. 
  
 “Reserved Shares” means, at any time, an aggregate of 7,900,000 Shares, as the same may be adjusted at or prior to such time in
accordance with Section 7.1. 
  
 “Sale of the
Company” means the sale of the Company to one or more Independent Third Parties, pursuant to which such party or parties acquire (a) Capital Stock of the Company possessing the voting power to elect a majority of the Board (whether by
merger, consolidation, recapitalization or sale or transfer of the Company’s Capital Stock or otherwise) or (b) all or substantially all of the Company’s assets determined on a consolidated basis. 
  
 “Securities Act” means the Securities Act of 1933, as
amended. 
  
 “Shares” means shares of Common
Stock. 
  
 “Stock Award” means an Award of the
right to purchase Shares under Article VI of the Plan. 
  
 “Subsidiary” means any corporation or other entity of which the Company owns securities or interests having a majority, directly or indirectly, of the ordinary voting power in electing the board of directors, managers,
general partners or similar governing Persons thereof. 
  
 “Termination Date” means the tenth anniversary of the Effective Date. 
  
 “Termination of Relationship” means (a) if the Participant is an employee of the Company or any Subsidiary, the termination of the
Participant’s employment with the Company and its Subsidiaries for any reason; (b) if the Participant is a consultant to the Company or any Subsidiary, the termination of the Participant’s consulting relationship with the Company and its
Subsidiaries for any reason; and (c) if the Participant is a director of the Company or any Subsidiary, the termination of the Participant’s service as a director of the Company or such Subsidiary for any reason. 
  
 “Vested Options” means Options that have vested in
accordance with the applicable Award Agreement. 
  

 4 

 ARTICLE III 
  
 ADMINISTRATION OF THE PLAN; SHARES SUBJECT TO THE PLAN 
  
 3.1 Committee. 
  
 The Plan shall be administered by the Board of Directors of the Company (the “Board”) or the Compensation Committee (the
“Committee”) appointed from time to time by the Board, in consultation with the Chief Executive Officer of the Company, in the event the Chief Executive Officer is not a member of the Compensation Committee. The term
“Committee” shall, for all purposes of the Plan other than this Article III, be deemed to refer to the Board if the Board is administering the Plan. 
  

3.2 Procedures. 
  
 The Committee shall adopt such rules and regulations as it shall deem appropriate concerning the holding of meetings and the administration of the Plan.
The entire Committee shall constitute a quorum and the actions of the entire Committee present at a meeting, or actions approved in writing by the entire Committee, shall be the actions of the Committee. 
  
 3.3 Interpretation; Powers of Committee. 
  
 Except as may otherwise be expressly reserved to the Board as provided
herein, and with respect to any Award, except as may otherwise be provided in the Award Agreement evidencing such Award, the Committee shall have all powers with respect to the administration of the Plan, including the authority to: 
  

	 	(a)	determine eligibility and the particular persons who will receive Awards; 

  

	 	(b)	grant Awards to eligible persons, determine the price and number of securities to be offered or awarded to any of such persons, determine the other specific terms and conditions of
Awards consistent with the express limits of the Plan, establish the installments (if any) in which such Awards will become exercisable or will vest and the respective consequences thereof (or determine that no delayed exercisability or vesting is
required), and establish the events of termination or reversion of such Awards; 

  

	 	(c)	approve the forms of Award Agreements, which need not be identical either as to type of Award or among Participants; 

  

	 	(d)	construe and interpret the provisions of the Plan and any Award Agreement or other agreement defining the rights and obligations of the Company and Participants under the Plan
(including, without limitation, whether any particular Termination of Relationship is for Cause), make factual determinations with respect to the administration of the Plan, further define the terms used in the Plan, and prescribe, amend and rescind
rules and regulations relating to the administration of the Plan; 

  

 5 

	 	(e)	cancel, modify, or waive the Company’s rights with respect to, or modify, discontinue, suspend, or terminate any or all outstanding Awards held by Participants, subject to any
required consent under Article X; 

  

	 	(f)	accelerate or extend the exercisability or extend the term of any or all outstanding Awards, subject to any consent required under Article X; and 

  

	 	(g)	make all other determinations and take such other action as contemplated by this Plan or as may be necessary or advisable for the administration of this Plan and the effectuation of
its purposes. 

  
 All decisions of the Board or the
Committee, as the case may be, shall be reasonable and made in good faith and shall be conclusive and binding on all Participants in the Plan. 
  
 3.4 Number of Shares. 
  
 Subject to the provisions of Article VII (relating to adjustments upon changes in capital structure and other corporate transactions), the aggregate
number of Shares with respect to which Awards may be granted under the Plan shall not exceed the Reserved Shares. Shares that are subject to or underlie Options granted under the Plan that expire or for any reason are canceled or terminated without
having been exercised (or Shares subject to or underlying the unexercised portion of any Options, in the case of Options that were partially exercised at the time of their expiration, cancellation or termination), as well as Shares that are subject
to Stock Awards made under the Plan that are not actually purchased pursuant to such Stock Awards, will again, except to the extent prohibited by law or applicable listing or regulatory requirements, be available for subsequent Award grants under
the Plan. 
  
 3.5 Reservation of Shares. 
  
 The number of Shares reserved for issuance with respect to Awards granted
under the Plan shall at no time be less than the maximum number of Shares which may be issued or delivered at any time pursuant to outstanding Awards. 
  
 ARTICLE IV 
  
 ELIGIBILITY 
  
 4.1
General. 
  
 Awards may be granted under the Plan only
to persons who are employees or directors of, or consultants to, the Company or any of its Subsidiaries on the date of the grant; provided that Awards may be granted under this Plan (i) to consultants, only with the prior consent of the
President/CEO of the Company or (ii) to directors, only if such directors are not employees of Apollo Management V, L.P. or any Affiliate thereof. Each such person to whom an Award is granted under the Plan is referred to herein as a
“Participant.” 
  

 6 

 ARTICLE V 
  

STOCK OPTIONS 
  
 5.1 General. 
  
 Options may be granted under the Plan at any time and from time to time on or prior to the Termination Date. Each Option granted under the Plan shall be
designated as an NSO and shall be subject to the terms and conditions applicable to NSOs set forth in the Plan. Each Option shall be evidenced by an Award Agreement incorporating the terms and provisions of the Plan that shall be executed by the
Company and the Participant. The Award Agreement shall specify the number of Shares for which such Option shall be exercisable, the exercise price for such Shares and the other terms and conditions of the Option. 
  
 5.2 Vesting. 
  
 The Committee, in its sole discretion, shall determine whether and to what extent any Options are subject to vesting based
upon the Participant’s continued service to, or the Participant’s performance of duties for, the Company and its Subsidiaries, or upon any other basis. 
  
 5.3 Date of Grant. 
  
 Except as may be otherwise provided in an Award Agreement, the date of grant of an Option under this Plan shall be the date as of which the Committee
approves the grant. 
  
 5.4 Option Price. 
  
 The price (the “Option Price”) at which each Share may be
purchased shall be determined by the Committee and set forth in the Award Agreement. 
  
 5.5 Automatic Termination of Options. 
  
 Each Option granted under the Plan, to the extent not previously exercised, shall automatically terminate and shall become null and void and be of no further force or effect upon such date or dates as are set forth in the applicable Award
Agreement, consistent with the terms of the Plan. 
  
 5.6 Payment of Option
Price. 
  
 The aggregate Option Price shall be paid in
cash (by wire transfer of immediately available funds to a bank account of the Company designated by the Committee or by delivery of a personal or certified check payable to the Company); provided that at the time an Option is granted under
this Plan, the Committee may, in its sole discretion, specify one or more of the following other forms of payment which may be used by a Participant (but only to the extent permitted by applicable law) upon exercise of his or her Option: 

 
 (a) by cancellation of indebtedness of the Company owed to the
Participant; 
  

 7 

 (b) by surrender of shares of Common Stock which either (i) have been owned by the Participant for more
than six months and have been paid for within the meaning of Rule 144 under the Securities Act (and, if such shares of Common Stock were purchased from the Company or any Subsidiary thereof by means of a promissory note, such note has been fully
paid with respect to such shares); or (ii) were obtained by the Participant in the public market (but, subject in any case, to the applicable limitations of Rule 16b-3 under the Exchange Act); 
  
 (c) by waiver of compensation due or accrued to the Participant for services
rendered to the Company or any of its Subsidiaries; 
  
 (d) if the
Common Stock is a class of securities then listed or admitted to trading on any national securities exchange or traded on any national market system (including, but not limited to, The Nasdaq National Market), in compliance with any cashless
exercise program authorized by the Board or the Committee for use in connection with the Plan at the time of such exercise (but, subject in any case, to the applicable limitations of Rule 16b-3 under the Exchange Act); or 
  
 (e) a combination of the methods set forth in this Section 5.6. 

 
 5.7 Notice of Exercise. 
  
 A Participant (or other person, as provided in Section 8.2) may exercise an
Option (for the Shares represented thereby) granted under the Plan in whole or in part (but for the purchase of whole Shares only), as provided in the Award Agreement evidencing his or her Option, by delivering a written notice (the
“Notice”) to the Secretary of the Company. The Notice shall state: 
  
 (a) That the Participant elects to exercise the Option; 
  
 (b) The number of Shares with respect to which the Option is being exercised (the “Option Shares”); 
  
 (c) The method of payment for the Option Shares (which method must be available to the Participant under the terms of his or her Award Agreement);

  
 (d) The date upon which the Participant desires to consummate
the purchase of the Option Shares (which date must be prior to the termination of such Option); and 
  
 (e) Any additional provisions consistent with the Plan as the Committee may from time to time require. 
  
 The exercise date of an Option shall be the date on which the Company
receives the Notice from the Participant. Such Notice shall also contain, to the extent such Participant is not then a party to the Investor Rights Agreement (and the Investor Rights Agreement has not been terminated prior to such date), an Adoption
Agreement, in form and substance satisfactory to the Board pursuant to which the Participant agrees to become a party to the Investor Rights Agreement. 
  

 8 

 5.8 Issuance of Certificates. 
  
 The Company shall issue stock certificates in the name of the Participant (or other person exercising the applicable Option
in accordance with the provisions of Section 8.2), representing the Shares purchased upon exercise of the Option as soon as practicable after receipt of the Notice and payment of the aggregate Option Price for such Shares; provided that the Company,
in its sole discretion, may elect to not issue any fractional Shares upon the exercise of an Option (determining the fractional Shares after aggregating all Shares issuable to a single holder as a result of an exercise of an Option for more than one
Share) and, in lieu of issuing such fractional Shares, shall pay the Participant the fair market value thereof as determined by the Board in good faith. Neither the Participant nor any person exercising an Option in accordance with the provisions of
Section 8.2 shall have any privileges as a stockholder of the Company with respect to any Shares of stock issuable upon exercise of an Option granted under the Plan until the date of issuance of stock certificates representing such Shares pursuant
to this Section 5.8. 
  
 ARTICLE VI 
  
 STOCK AWARDS 
  
 6.1 General. 
  
 Stock Awards may be granted under the Plan at any time and from time to time on or prior to the Termination Date. Each Stock
Award shall be evidenced by an Award Agreement that shall be executed by the Company and the Participant. The Award Agreement shall specify the terms and conditions of the Stock Award, including without limitation the number of Shares covered by the
Stock Award, the purchase price for such Shares and the deadline for the purchase of such Shares. 
  
 6.2 Purchase Price; Payment. 
  
 The price (the “Purchase Price”) at which each Share covered by the Stock Award may be purchased upon exercise of a Stock Award shall be determined by the Committee and set forth in the applicable Award
Agreement. The Company will not be obligated to issue certificates evidencing Shares purchased under this Article VI unless and until it receives full payment of the aggregate Purchase Price therefor and all other conditions to the purchase, as
determined by the Committee, have been satisfied. The Purchase Price of any shares subject to a Stock Award must be paid in full at the time of the purchase. 
  
 ARTICLE VII 
  
 ADJUSTMENTS 
  
 7.1
Changes in Capital Structure. 
  
 If the Common Stock
is changed by reason of a stock split, reverse stock split, stock combination or stock dividend or reclassification, or converted into or exchanged for other securities or property as a result of a merger, consolidation, recapitalization or
reorganization (a “Reorganization”), or if any extraordinary dividend or other distribution is paid on or in respect 
  

 9 

 of Common Stock, the Board shall make such adjustments in the number and class of shares of stock available under the
Plan as shall be reasonably necessary to preserve to a Participant rights substantially proportionate to his rights existing immediately prior to such transaction or event (but subject to the limitations and restrictions on such existing rights),
including, without limitation, a corresponding adjustment changing the number and class of shares of stock subject to, and the Option Price or Purchase Price applicable to, each Award or portion thereof outstanding at the time of such transaction or
event. The Company will not, in any event, permit the Option Price of any Option or the Purchase Price of any Stock Award to be less than the par value of the Common Stock. 
  
 7.2 Special Rules. 
  
 The following rules shall apply in connection with Section 7.1 above: 
  
 (a) No adjustment shall be made for cash dividends (except as described in Section 7.1) or the issuance to
stockholders of rights to subscribe for additional Shares or other securities (except in connection with a Reorganization); and 
  
 (b) Any adjustments referred to in Section 7.1 shall be made by the Board in its discretion and shall, absent manifest error, be conclusive and
binding on all Persons holding any Awards granted under the Plan. 
  
 7.3
Right to Include Vested Options upon a Realization Event. 
  
 Upon a Realization Event, the Company may, but is not obligated to, purchase each outstanding Vested Option for a per share amount equal to (a) the amount per share received in respect of the Shares sold in such transaction constituting the
Realization Event (b) less the Option Price thereof. 
  
 ARTICLE
VIII 
  
 RESTRICTIONS ON AWARDS 
  
 8.1 Compliance With Securities Laws. 
  
 No Awards shall be granted under the Plan, and no Shares shall be issued and
delivered pursuant to Awards granted under the Plan, unless and until the Company and/or the Participant shall have complied with all applicable Federal or state registration, listing and/or qualification requirements and all other requirements of
law or of any regulatory agencies having jurisdiction. 
  
 The
Committee in its discretion may, as a condition to the delivery of any Shares pursuant to any Award granted under the Plan, require the applicable Participant (a) to represent in writing that the Shares received pursuant to such Award are being
acquired for investment and not with a view to distribution and (b) to make such other representations and warranties as are deemed reasonably appropriate by the Committee. Stock certificates representing Shares acquired under the Plan that have not
been registered under the Securities Act shall, if required by the Committee, bear such legends as may be required by the Investor Rights Agreement and the applicable Award Agreement. 
  

 10 

 8.2 Nonassignability of Awards. 
  
 No Award granted under this Plan shall be assignable or otherwise transferable by the Participant, except by will or by the
laws of descent and distribution. An Award may be exercised during the lifetime of the Participant only by the Participant, unless the Participant becomes subject to a Disability. If a Participant dies or becomes subject to a Disability, his or her
Options shall thereafter be exercisable, during the period specified in the applicable Award Agreement (as the case may be), by his or her executors or administrators to the full extent (but only to such extent) to which such Options were
exercisable by the Participant at the time of (and after giving effect to any vesting that may occur in connection with) his or her death or Disability. 
  
 Before issuing any Shares under the Plan to any person who is not already a party to the Investor Rights Agreement, the Company shall obtain an executed
Adoption Agreement from such person, unless a Public Offering shall have already occurred. 
  
 8.3 No Evidence of Employment or Service. 
  
 Nothing contained in the Plan or in any Award Agreement shall confer upon any Participant any right with respect to the continuation of his or her employment by or service with the Company or any of its Subsidiaries
or interfere in any way with the right of the Company or any such Subsidiary, in its sole discretion (subject to the terms of any separate agreement to the contrary), at any time to terminate such employment or service or to increase or decrease the
compensation of the Participant from the rate in existence at the time of the grant of an Award. 
  
 8.4 Restrictions for Canada. 
  
 For the purposes of the Plan, if a Participant is a resident of Canada, such Participant’s employment with the Company or a Subsidiary shall be considered to have terminated effective on the last day of the
Participant’s actual and active employment with the Company or such Subsidiary, whether such day is selected by agreement with the Participant or unilaterally by the Company or such Subsidiary and whether with or without advance notice to the
Participant. For the avoidance of doubt, no period of notice that is given or that ought to have been given under applicable law in respect of such termination of employment will be utilized in determining entitlement under the Plan.1 
  
 ARTICLE IX 
  
 TERM OF THE PLAN 
  
 This Plan shall become effective on the Effective Date. No Awards may be granted after the Termination Date. Any Award outstanding as of the Termination Date shall remain in effect until such Award terminates as
provided in the applicable Award Agreement. 

	1	Subject to blue sky analysis upon identification of all Participants. 

  

 11 

 ARTICLE X 
  

AMENDMENT OF PLAN 
  
 The Plan may be modified or amended in any respect by the Committee with the prior approval of the Board; provided, however, that the
approval of the holders of a majority of the votes that may be cast by all of the holders of shares of common stock of the Company entitled to vote (voting together as a single class, with each such holder entitled to cast one vote per share held by
such holder) shall be obtained prior to any such amendment becoming effective if such approval is required by law or is necessary to comply with regulations promulgated by the Securities and Exchange Commission under Section 16(b) of the Exchange
Act. Notwithstanding the foregoing, the Plan may not be modified or amended as it pertains to any existing Award Agreement if such modification or amendment would impair the rights of the applicable Participant without the consent of such
Participant. 
  
 ARTICLE XI 
  
 CAPTIONS 
  
 The use of captions in the Plan is for convenience. The captions are not intended to provide substantive rights. 

 
 ARTICLE XII 
  
 WITHHOLDING TAXES 
  
 Upon any exercise or payment of any Award, the Company shall have the right
at its option and in its sole discretion to (a) require the Participant to pay or provide for payment of the amount of any taxes which the Company may be required to withhold with respect to such exercise or payment; (b) deduct from any amount
payable to the Participant in cash or securities in respect of the Award the amount of any taxes which the Company may be required to withhold with respect to such exercise or payment; or (c) reduce the number of Shares to be delivered to the
Participant in connection with such exercise or payment by the appropriate number of Shares, valued at their then fair market value, to satisfy the minimum withholding obligation. In no event will the value of Shares withheld under clause (c) above
exceed the minimum amount of required withholding under applicable law. 
  
 ARTICLE XIII 
  
 OTHER PROVISIONS

  
 Each Award granted under the Plan may contain such other
terms and conditions not inconsistent with the Plan as may be determined by the Committee, in its sole discretion. 
  

 12 

 ARTICLE XIV 
  
 NUMBER AND GENDER 
  
 With respect to words used in the Plan, the singular form shall include the plural form, the masculine gender shall include the feminine gender, and vice
versa, as the context requires. 
  
 ARTICLE XV 

 
 GOVERNING LAW 
  
 All questions concerning the construction, interpretation and validity of the
Plan and the instruments evidencing the Awards granted hereunder shall be governed by and construed and enforced in accordance with the domestic laws of the State of Delaware, without giving effect to any choice or conflict of law provision or rule
(whether of the State of Delaware or any other jurisdiction) that would cause the application of the laws of any jurisdiction other than the State of Delaware. In furtherance of the foregoing, the internal law of the State of Delaware will control
the interpretation and construction of this Plan, even if under such jurisdiction’s choice of law or conflict of law analysis, the substantive law of some other jurisdiction would ordinarily apply. 
  
 *    *    *    *    *    * 
  

 13 

 As adopted by the Board of Directors of BHI Acquisition Corp. on August 12, 2004. 
  

 14

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