Document:

EX-10.9

 Exhibit 10.9 

TECHNOLOGY JOINT DEVELOPMENT 

AND RIGHTS AGREEMENT 
 This
TECHNOLOGY JOINT DEVELOPMENT AGREEMENT (“Agreement”) is made as of
                                        , (the
“Effective Date”) by and between SunEdison, Inc., a Delaware corporation (“SunEdison”), and SunEdison Semiconductor Limited, a company organized and existing under the laws of Singapore and having its registered
office at 80 Robinson Road, #02-00, Singapore 068898 (“SSL”). SunEdison and SSL may be referred to herein individually as a “Party” and collectively as the “Parties”. 

WHEREAS, SunEdison has determined that it would be appropriate, desirable and in the best interests of SunEdison and the shareholders of
SunEdison to separate the semiconductor business unit (the “Semiconductor Business”) from SunEdison; 
 WHEREAS, SunEdison
and SSL have entered into the Separation Agreement, dated as of [—] (the “Separation Agreement”), in connection with the separation of the Semiconductor Business from SunEdison;

 WHEREAS, the Separation Agreement also provides for the execution and delivery of certain other agreements, including this Agreement, in
order to facilitate and provide for the separation of SSL and its subsidiaries from SunEdison; 
 WHEREAS, SunEdison and SSL have entered
into the Patent and Technology Cross-License Agreement, dated as of [—] (the “Cross-License Agreement”) and the Patent and Technology License Agreement/(CCz and DCW Technology)
dated as of [—] (the “CCz and DCW Technology Agreement”), in connection with the separation of the Semiconductor Business from SunEdison (the Cross-License Agreement and the CCz
and DCW Agreement may be referred to herein collectively as the “License Agreements”; 
 WHEREAS, the License Agreements
provides each Party certain access to use and practice Technology and Patent Rights owned and controlled by the other Party; 
 WHEREAS,
following the separation of the Semiconductor Business from SunEdison under the Separation Agreement, one or the other Party may share or loan certain of its employees to the other Party for certain periods of time; 

WHEREAS, following the separation of the Semiconductor Business from SunEdison under the Separation Agreement, employees of the Parties may be
sharing the same work laboratories and/or work locations; 
 WHEREAS, following the separation of the Semiconductor Business from SunEdison
under the Separation Agreement, the Parties may determine to jointly undertake specific problem solving or technology development tasks that could potentially benefit both Parties; and 

WHEREAS, the Parties desire to institute a baseline written framework for treatment of the ownership of, and rights to, inventions,
improvements, data, technology and the like, including associated intellectual property rights, that may arise out of the circumstances described above. 

 NOW, THEREFORE, for and in consideration of the mutual covenants contained in this Agreement, and
for other good and valuable consideration, the receipt and adequacy of which are hereby acknowledged, SunEdison and SSL hereby agree as follows: 
  

	1.	Scope of Agreement. 

 1.1 The Parties acknowledge and agree that this
Agreement, to the extent specifically referenced herein and without limitation, will apply to Technology or Patent Rights related to technologies incorporated within the scope of the License Agreements. 

1.2 The Parties acknowledge and agree that this Agreement is not intended to apply, and shall not apply, to any services provided by one Party
to the other Party pursuant to that certain Transition Services Agreement by and between the Parties dated as of even date herewith. 
  

	2.	General Definitions. 

 (a) “CCz” means continuous Czochralski
crystal growth. 
 (b) “DCW” means diamond coated wire. 

(c) “Patent” shall mean an unexpired patent(s) in any country, including all patents that issue on all divisions,
continuations, continuations-in-part, reissues, reexaminations, or extensions, which have not been adjudicated to be invalid or unenforceable in an unappealable or unappealed decision of the applicable patent office or court of competent
jurisdiction. 
 (d) “Patent Rights” means all current and future patent rights to any subject matter claimed in or covered
by a Patent. 
 (e) “SSL Background IP” means all Technology and Patent Rights owned or controlled by SSL prior to the
Effective Date of this Agreement including, without limitation, the patents and patent applications identified in Exhibit A to the Cross-License Agreement . 

(f) “SunEdison Background IP” means all Technology and Patent Rights owned or controlled by SunEdison prior to the Effective
Date of this Agreement including, without limitation, the patents and patent applications identified in Exhibit B to the Cross-License Agreement. 

(g) “Technology” means and includes all discoveries, conceptions, ideas, improvements, enhancements and inventions (whether
or not reduced to practice), data, technologies, technical information, formulae, formulations, compositions, materials, equipment, consumables, feedstock, hot zone design, process recipes, operation procedures, know-how, characterization of
crystal, techniques, methods, processes, software, specifications, equipment systems and designs, equipment and process control systems (including software), apparatus, designs, schematics, drawings and information (whether or not same are
patentable, copyrightable, protectable as a trade secret, or otherwise susceptible to any other form of legal protection). 

  
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	3.	Joint Development Programs. 

 3.1 Definitions. 

(a) “Joint Development Program” means a cooperative effort by SunEdison and SSL to carry out a specific purpose, or to
develop specific products or processes, wherein such purpose or development efforts are the subject of and governed by a Statement of Work. 

(b) “Program Technology” means Technology invented, conceived or reduced to practice in the performance of a Joint
Development Program and SOW by an employee or employees of a single Party, or by at least one employee, agent or contractor of SunEdison and at least one employee, agent or contractor of SSL. No SunEdison Background IP or SSL Background IP shall be
deemed to be Program Technology as a result of use of such background intellectual property in the development of Program Technology. 
 (c)
“Program Patent Rights” means Patent Rights that claim Program Technology. 
 (d) “Statement of Work” or
“SOW” means a written statement of work prepared, agreed upon and signed by each of the Parties that defines, with respect to a specific Joint Development Program, one or more of the following elements: the scope of the Joint
Development Program, deliverables, responsibilities of the Parties, the acceptance criteria applicable to deliverables, the fees and payment schedule pertinent to the Joint Development Program, and any modifications of the terms of this Agreement as
they apply to the Joint Development Program. In the event of a conflict between a signed Statement of Work and the provisions of this Agreement, the Statement of Work shall take precedence as to the Joint Development Program described therein. 

3.2 General. From time to time during the Term, the Parties may conduct one or more Joint Development Programs subject to the terms and
conditions of this Agreement. Each such Joint Development Program shall be the subject of a separate Statement of Work that will reference this Agreement. 

3.3 Statements of Work. 

(a) Detailed plans outlining development schedules, delivery schedules, development cost estimates, allocation and estimates of third party
costs (test laboratories, consultants and the like), specifications, features, intended distribution channels, functional specifications, deliverables, and tasks to be undertaken by the Parties during a Joint Development Program will be set forth in
a SOW. Each SOW may be amended from time to time only upon the mutual written agreement of the Parties. 
 (b) The Parties agree to utilize
commercially reasonable efforts to complete all tasks delegated to them as set forth in a SOW and any amendments thereto. The Parties acknowledge that Joint Development Programs will require intellectual property, personnel and financial resources
to be committed by both Parties. Each SOW will set forth in advance and to fullest extent practical the details on such intellectual property, personnel and financial resources to be committed by both Parties. 

3.4 Joint Development Program Management. 

(a) One (1) designated employee of each Party shall act as overall project managers (which roles are hereinafter referred to as
“Project Managers”) for his/her respective employer for work conducted by the separate Parties under a SOW. Each Party agrees to 

  
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promptly notify the other Party if, from time to time, the then current Project Manager is replaced by a newly designated individual. The Project Managers shall be individuals deeply familiar
with the goals and the background of the particular Joint Development Program and familiar with the technology related thereto. 
 (b) The
duties of the Project Managers include but are not limited to (i) coordination and scheduling of all tasks between the Parties relating to the SOW; (ii) coordination between the Parties for supervision and management of the tasks
undertaken by each Party or its affiliates, respectively; (iii) administration and reporting of activities under the SOW; (iv) interfacing as a point of contact to the other Party; (v) resolving issues and disputes regarding
day-to-day work related tasks among the Parties on a reasonable and appropriate basis; and (vi) referral to management of those issues which cannot be resolved by the Project Managers. 

3.5 Progress Reporting. Each Party shall keep the other Party fully and promptly informed of all progress, events and matters affecting
or relating to the other activities under a SOW and shall, without delay, give all relevant information and cooperation reasonably requested by the other Party, including without limitation, exchange of Program Technology. Such information shall
include the furnishing on a timely periodic basis schedules and status reports covering activities such as engineering, research and development, major procurements, acquisition of tooling, machinery and equipment, and testing. 

3.6 Program Technology and Program Patent Rights. 

(a) The Parties agree that the relevant SOW will designate which Party, either SunEdison or SSL, will be the sole owner of the Program
Technology, Joint Program Technology, Program Patent Rights and Joint Program Patent Rights resulting from the performance of the Joint Development Program associated with such SOW, and that such designation, subject to Section 3.6(b)
below, shall be guided in good faith by those principles and guidelines previously exercised by the Parties in allocating ownership of Patents pursuant to the Separation Agreement. The Parties further agree that, unless specified otherwise in the
relevant SOW and also subject to Section 3.6(b) below, such Program Technology and Program Patent Rights will be deemed to be Licensed SunEdison IP or Licensed SSL IP, respectively, as those terms are defined and used in the
Cross-License Agreement. 
 (b) Notwithstanding any provision of this Agreement or of any SOW to the contrary, the Parties acknowledge and
agree, as set forth in the CCz and DCW Agreement, that (i) SunEdison shall, as between the Parties, be sole owner of any and all Program Technology and resulting Program Patent Rights that are reasonably judged by SunEdison as necessary or
useful to the development, application or use of CCz and DCW technology in any field, and (ii) use of the Program Technology and resulting Program Patent Rights described in clause (i) of this Section 3.6(b) shall be governed
by the CCz and DCW Agreement. 
 3.7 Use of Program Technology and Program Patent Rights. The Parties agree that use of the Program
Technology and Program Patent Rights that result from the performance of the Joint Development Program associated with such SOW by the non-owning Party will be governed by the terms and conditions of the Cross-License Agreement or the CCz and DCW
Agreement, as applicable. 
 3.8 Background Intellectual Property. No right, title or interest in and to any SunEdison Background IP
or SSL Background IP is granted, transferred or assigned by this Agreement, either expressly, by implication or estoppel. 

  
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 3.9 Record Keeping. Each Party warrants that it will maintain and enforce policies and
procedures consistent with generally accepted best practices in the industry to ensure that all research conducted by it or on its behalf under a SOW shall be documented in a way that makes clear (i) the identity of each individual involved in
planning or executing any particular experimental protocol or interpreting any particular experimental result and/or the identity of each individual creating any document concerning the research and development; (ii) the date that each
particular experimental protocol was executed; (iii) the date each experimental result was recorded; and (iv) the date that any document concerning the research was created. Each Party shall maintain all research and development notebook
records related to each SOW and this Agreement for at least twenty (20) years, but neither Party shall be obligated to maintain such records beyond the date of the last to expire of any relevant Patent. Each Party shall be entitled, during
normal business hours and upon reasonable written notice, during the Term of this Agreement, to audit the other Party’s compliance with policies and procedures described above with respect to the documentation of research activity related to a
SOW. 
 3.10 Disclosure of Inventions. Each Party shall disclose to the other Party via the Program Managers in a timely manner any
invention or discovery conceived or reduced to practice in the course of performing a SOW. Such disclosures by the Parties shall include a reasonably detailed written description of such invention and the information described in
Section 3.9 above. 
 3.11 Further Assurances in Respect of Assignments. Each Party, at any time and from time to time
upon notice by the other Party, as promptly and as practicable, shall execute and shall cause its employees and consultants, past or present, to execute, such documents as are necessary and requested to evidence the assignments provided for in this
Agreement and any applicable SOW. 
  

	4.	Unplanned Development 

 4.1 Definitions: 

(a) “Joint Unplanned Technology” means Technology that is both (i) jointly invented, conceived or reduced to practice by
at least one employee, agent or contractor of SunEdison and at least one employee, agent or contractor of SSL, and (ii) invented, conceived or reduced to practice outside of any Joint Development Program. 

(b) “Joint Unplanned Patent Rights” means Patent Rights that claim Joint Unplanned Technology. 

(c) “Seconded Employee” means an employee of SunEdison or SSL, as the case may be, that is seconded by their employer Party
to the other Party hereto and is specifically designated as such by a reasonable form of written documentation. The Seconded Employee remains employed by its employer Party for the duration of the secondment, and returns to its employer’s
business at the end of the period of secondment. 
 (d) “Seconded Employee Patent Rights” means Patent Rights that claim
Seconded Employee Technology. 
 (e) “Seconded Employee Technology” means Technology that is both (i) invented,
conceived or reduced to practice by a Seconded Employee in the course of their duties as a Seconded Employee, and (ii) invented, conceived or reduced to practice outside of any Joint Development Program. 

  
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 4.2 Seconded Employee Technology. From time to time during the Term, a Seconded Employee
may create or develop Seconded Employee Technology. The Parties acknowledge and agree, subject to Section 4.4 below, that any and all such Seconded Employee Technology and any all Seconded Employee Patent Rights thereto and therein shall
be exclusively owned by the non-employer Party (that is, the Party for whom the Seconded Employee is performing duties at the time such Seconded Employee Technology is created or developed). The Parties further acknowledge and agree, also subject to
Section 4.4 below, that the rights, if any, of the employer Party to use and practice such Seconded Employee Technology and Seconded Employee Patent Rights will be governed by the License Agreements, as applicable. 

4.3 Joint Unplanned Technology. From time to time during the Term, employees of each Party may share workspace, laboratory space and
other co-located facilities. The Parties acknowledge that such proximity of employees may result in the creation of Joint Unplanned Technology. The Parties hereby agree, subject to Section 4.4 below, that the ownership of such Joint
Unplanned Technology will be governed by the principles of U.S. Patent Law and further acknowledge and agree that use of such Joint Unplanned Technology and resulting Joint Unplanned Patent Rights therein and thereto will be governed by the License
Agreements, as applicable. 
 4.4 CCz and DCW Technology. The Parties acknowledge and agree, as set forth in the CCz and DCW
Agreement, that (i) SunEdison shall, as between the Parties, be sole owner of any and all Seconded Employee Technology, Joint Unplanned Technology, and resulting Seconded Employee Patent Rights and Joint Unplanned Patent Rights, respectively,
that is reasonably judged by SunEdison as necessary or useful to the development, application or use of CCz and DCW technology in any field, and (ii) use of such technology and patent rights described in clause (i) of this
Section 4.4 shall be shall be governed by the CCz and DCW Agreement. 
  

	5.	Confidential Information. 

 Each Party acknowledges that in connection with Joint
Development Programs and the other activities described and contemplated by this Agreement, it may gain access to Confidential Information (as defined in the Separation Agreement) of the other Party and each Party hereby agrees that all such
information shall be subject to the provisions of the Mutual Non-Disclosure Agreement executed by the Parties and in force as of the Effective Date (the “Mutual Non-Disclosure Agreement”). For the avoidance of doubt, the Parties
hereby acknowledge and agree the provisions of Mutual Non-Disclosure Agreement shall survive for a period of ten (10) years following the expiration or termination of this Agreement. 

 

	6.	Term and Termination. 

 6.1 Term. This Agreement shall become
effective on the Effective Date and shall continue for a period of five (5) years, unless earlier terminated by mutual written agreement of the Parties (the “Initial Term”). If prior to the expiration of the Initial Term, the
Parties mutually agree in writing to extend the Initial Term for any period, such extension shall be referred to as the “Extended Term”. The Initial Term and Extended term are collectively referred to as the “Term”.
 

  
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 6.2 Termination for Breach. In the event of a material breach of this Agreement, the
non-breaching Party shall be entitled to terminate this Agreement by giving the breaching Party sixty (60) days written notice specifying in reasonable detail the cause of such breach. If such breach is not cured by the breaching Party within
such sixty (60) day notice period, this Agreement will terminate without further action required by the non-breaching Party. A material breach of this Agreement will include the occurrence of any of the following by a Party: (i) such Party
makes an assignment for the benefit of creditors, or is subject to an involuntary or voluntary receivership, insolvency or bankruptcy proceedings; (ii) such Party makes a materially false or misleading statement, representation or claim about a
material matter; (iii) such Party is in breach of any material obligation, representation, warranty or covenant set forth herein (for example, obligations related to the payment of money; and generating, keeping and maintaining records); or
(iv) dissolution or liquidation of such Party. 
 6.3 Survival. All obligations accrued prior to any termination of this
Agreement shall survive such termination. In addition to any terms or provisions hereof that by their express terms are intended to survive termination of this Agreement, the following Sections shall survive termination or expiration of this
Agreement: [    ]. 
  

	7.	Representations and Warranties. 

 7.1 Organization and Good Standing. Each
Party represents and warrants to the other that it is a corporation duly organized, validly existing and in good standing under the laws of the jurisdiction of its formation, and has all necessary corporate powers to own, use and transfer its
properties and assets, and to carry on its business as now owned and operated. 
 7.2 Adherence to Laws, Regulations, etc. Each Party
represents and warrants to the other that it will adhere to all laws, regulations, orders and ordinances relating to its performance of this Agreement and its development and distribution of products covered hereby. 

7.3 Disclaimer. Except as may be expressly stated in this Agreement, nothing herein shall be construed as: (a) a warranty or
representation by a Party as to the validity or scope of any Patent; (b) a warranty or representation that anything made, used, sold, or otherwise disposed of under any license granted in this Agreement is or will be free from infringement of
Patents of third persons; (c) a requirement that any Party shall file any patent application, secure any Patent or maintain any Patent in force; or (d) an obligation to bring or prosecute actions or suits against third parties for
infringement of any Patent. 
  

	8.	Miscellaneous 

 8.1 Counterparts; Entire Agreement. 

(a) This Agreement may be executed in one or more counterparts, all of which shall be considered one and the same agreement, and shall become
effective when one or more counterparts have been signed by each Party and delivered to the other Party. 
 (b) This Agreement, the
Separation Agreement, the Cross-License Agreement, CCz and DCW Agreement and any Schedules, Exhibits, and Appendices hereto or thereto contain the entire agreement between the Parties with respect to the subject matter hereof, supersedes all
previous agreements, negotiations, discussions, writings, understandings, commitments and conversations with respect to such subject matter and there are no agreements or understandings between the Parties with respect to such subject matter other
than those set forth or referred to herein and therein. 

  
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 (c) Each Party hereto acknowledges that it and the other Party hereto may execute this Agreement
by facsimile, stamp or mechanical signature. Each Party hereto expressly adopts and confirms each such facsimile, stamp or mechanical signature made in its respective name as if it were a manual signature, agrees that it shall not assert that any
such signature is not adequate to bind such Party to the same extent as if it were signed manually and agrees that at the reasonable request of the other Party hereto at any time it shall as promptly as reasonably practicable cause this Agreement to
be manually executed (any such execution to be as of the date of the initial date thereof). 
 8.2 No Third Party Beneficiaries. The
provisions of this Agreement are enforceable solely by the Parties to the Agreement and no assignee or other Person shall have the right, separate and apart from the Parties hereto, to enforce any provisions of this Agreement or to compel any Party
to this Agreement to comply with the terms of this Agreement. 
 8.3 No Fiduciary Duties. It is expressly understood and agreed that
this Agreement is a purely commercial transaction between SunEdison and SSL and that nothing stated herein shall operate to create any special or fiduciary duty that either Party or any of its Affiliates shall owe to the other Party or vice versa.

 8.4 Disclaimer of Warranty; Limitation of Liability. 

(a) NEITHER PARTY MAKES ANY (AND EACH PARTY HEREBY DISCLAIMS AND NEGATES ANY AND ALL) REPRESENTATIONS AND WARRANTIES, EXPRESS OR IMPLIED,
INCLUDING THE WARRANTIES OF MERCHANTABILITY, NONINFRINGEMENT OR FITNESS FOR A PARTICULAR PURPOSE, WITH RESPECT TO ANY GOODS, SERVICES, RIGHTS AND LICENSES GRANTED OR PROVIDED HEREUNDER. 

(b) EXCEPT AS MAY BE SET FORTH IN THE SEPARATION AGREEMENT, NEITHER SSL OR ANY MEMBER OF THE SSL GROUP, ON THE ONE HAND, NOR SUNEDISON OR ANY
MEMBER OF THE SUNEDISON GROUP, ON THE OTHER HAND, SHALL BE LIABLE UNDER THIS AGREEMENT TO THE OTHER FOR ANY LOST PROFITS, LOST BUSINESS OPPORTUNITIES, OR ANY SPECIAL, CONSEQUENTIAL, INDIRECT, PUNITIVE, EXEMPLARY, REMOTE, SPECULATIVE OR SIMILAR
DAMAGES IN EXCESS OF COMPENSATORY DAMAGES OF THE OTHER ARISING IN CONNECTION WITH THE EXERCISE OF ANY RIGHT OR LICENSE GRANTED UNDER THIS AGREEMENT. 

8.5 Further Assurances. In connection with this Agreement, each Party agrees to execute and deliver such additional documents and
instruments as may be required for a Party to exercise, acquire or maintain the rights and license granted hereunder and to perform such other additional acts as may be necessary or appropriate to effectuate, carry out, and perform all of the terms
and provisions of this Agreement. SSL covenants and agrees to cause the other members of the SSL Group to comply with all applicable terms and conditions set forth in this Agreement and acknowledges it shall be liable for any breach of the terms of
this Agreement caused by any member of the SSL Group. SunEdison covenants and agrees to cause the other members of the SunEdison Group to comply with all applicable terms and conditions set forth in this Agreement and acknowledges it shall be liable
for any breach of the terms of this Agreement caused by any member of the SunEdison Group. 

  
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 8.6 Notices. All notices, requests, claims, demands or other communications under this
Agreement shall be in writing and shall be given or made (and shall be deemed to have been duly given or made upon receipt) by delivery in person, by overnight courier service, by facsimile or electronic transmission with receipt confirmed (followed
by delivery of an original via overnight courier service), or by registered or certified mail (postage prepaid, return receipt requested) to the respective Parties at the following addresses (or at such other address for a Party as shall be
specified in a notice given in accordance with this Section 8.6): 
  

			
	If to SunEdison, to:	  	
		
		  	SunEdison, Inc.
		  	501 Pearl Drive
		  	St. Peters, MO 63376
		  	Attention: General Counsel
		
	If to SSL, to:	  	
		
		  	SunEdison Semiconductor Limited
		  	11 Lorong 3, Toa Payoh, Blk B
		  	4th Floor, Jackson Square,
		  	Singapore 319579
		  	Attention: General Counsel

 Any Party may, by notice to the other Party, change the address and contact person to which any such notices
are to be given. 
 8.7 Governing Law, Consent to Jurisdiction and Waiver of Right to Jury Trial. 

(a) This Agreement (and any claims or disputes arising out of or related hereto or thereto or to the transactions contemplated hereby and
thereby or to the inducement of any Party to enter herein, whether for breach of contract, tortious conduct or otherwise and whether predicated on common law, statute or otherwise) shall be governed by and construed and interpreted in accordance
with the Laws of the State of New York, irrespective of the choice of laws principles of the State of New York, including all matters of validity, construction, effect, enforceability, performance and remedies. 

(b) Each of the Parties hereto irrevocably submits to the exclusive jurisdiction of the state and federal courts located in New York for the
purposes of any action or proceeding arising out of this Agreement. Each of the Parties hereto further agrees that service of any process, summons, notice or document by U.S. registered mail to such Party’s respective address set forth in
Section 6.6 will be effective service of process for any action or proceeding with respect to any matters to which it has submitted to jurisdiction as set forth above in the immediately preceding sentence. Each of the Parties hereto irrevocably
and unconditionally waives any objection to the laying of venue of any action or proceeding arising out of this Agreement in the state and federal courts located in New York and hereby further irrevocably and unconditionally waives and agrees not to
plead or claim in any such court that any such action or proceeding brought in any such court has been brought in an inconvenient forum. 

(c) EACH PARTY TO THIS AGREEMENT HEREBY WAIVES THE RIGHT TO TRIAL BY JURY IN ANY LEGAL PROCEEDING BASED UPON, ARISING OUT OF, OR IN ANY WAY
RELATING TO THIS AGREEMENT. 

  
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 8.8 Dispute Resolution. The dispute resolution procedures set forth in Article IV of the
Separation Agreement shall apply to any dispute, controversy or claim (whether sounding in contract, tort or otherwise) that arises out of or relates to this Agreement, any breach or alleged breach hereof, or the construction, interpretation,
enforceability or validity hereof. 
 8.9 Assignability. Neither Party may assign or otherwise transfer this Agreement without the
written consent of the other Party. This Agreement shall be binding upon and inure to the benefit of the Parties and their respective permitted successors and assigns. Any assignment or other transfer not in accordance with this
Section 8.9 shall be null and void.] 
 8.10 Change in Control of SSL. The Parties acknowledge and agree that the
acquisition of a controlling interest of SSL, or any member of the SSL Group possessing rights under this Agreement, by certain third parties which may have a conflict of interest with the business objectives of SunEdison presents a potential risk
to SunEdison. Therefore, the Parties agree as follows. If a third party obtains a controlling interest in SSL or a member of the SSL Group is merged or consolidated with a third party (in each case, a “Change in Control”), then the
terms and conditions of this Agreement shall be binding on and inure to the benefit of any such third party that is a successor in interest of SSL or member of the SSL Group, as the case may be, and SunEdison shall remain bound to all of its
obligations and entitled to all of its rights hereunder, except that, SunEdison shall have the right upon ten (10) days written notice, such notice to be provided within thirty (30) days of such Change in Control, to immediately terminate
this Agreement. For purposes hereof “controlling interest” means the possession, direct or indirect, of the power to direct or cause the direction of the management and policies of the applicable Person, whether through the
ownership of voting securities, by contract or otherwise. Notwithstanding the above sentences in this Section 8.10 or any other term of this Agreement, in the event a third party (which is active in any field which includes: the manufacture of
polysilicon; the growth, processing and manufacture of silicon crystals and single or multi-crystalline ingots for use as a substrate for solar cell production; the processing and manufacture of solar wafers used in the photovoltaic industry; the
design, processing and manufacture of solar cells; and the design, processing and manufacture of modules, trackers, inverters and any and all balance of system hardware and software used in photovoltaic systems making, using or selling a
semiconductor to convert solar energy to electricity) gains a controlling interest in SSL or a member of the SSL Group, then SunEdison shall have the right upon thirty (30) days written notice to terminate this Agreement. 

8.11 Severability. If any provision of this Agreement or the application thereof to any Person or circumstance is determined by a court
of competent jurisdiction to be invalid, void or unenforceable, the remaining provisions hereof or thereof, or the application of such provision to Persons or circumstances or in jurisdictions other than those as to which it has been held invalid or
unenforceable, shall remain in full force and effect and shall in no way be affected, impaired or invalidated thereby. Upon such determination, the Parties shall negotiate in good faith in an effort to agree upon such a suitable and equitable
provision to effect the original intent of the Parties. 
 8.12 Amendments. No provisions of this Agreement shall be deemed waived,
amended, supplemented or modified by any Party, unless such waiver, amendment, supplement or modification is in writing and signed by the authorized representative of the Party against whom such waiver, amendment, supplement or modification is
sought to be enforced. 

  
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 8.13 Waiver of Default. Waiver by any Party of any default by the other Party of any
provision of this Agreement shall not be deemed a waiver by the waiving Party of any subsequent or other default, nor shall it prejudice the rights of such Party. No failure or delay by any Party in exercising any right, power or privilege under
this Agreement shall operate as a waiver thereof nor shall a single or partial exercise thereof prejudice any other or further exercise thereof or the exercise of any other right, power or privilege. 

  
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 IN WITNESS WHEREOF, the Parties hereto have each caused this Agreement to be executed by its duly
authorized representatives. 
  

					
	SUNEDISON, INC.	 	
			
	By:	 	  
	 	
			
	Name:	 	  
	 	
			
	Title:	 	  
	 	
		
	SUNEDISON SEMICONDUCTOR LIMITED	 	
			
	By:	 	  
	 	
			
	Name:	 	  
	 	
			
	Title:	 	  
	 	

  
 12EX-10.10

 Exhibit 10.10 

SUNEDISON SEMICONDUCTOR LIMITED 

2014 NON-EMPLOYEE DIRECTOR INCENTIVE PLAN 

1. Establishment and Purpose. SunEdison Semiconductor Limited hereby establishes,
effective             , 2014, an incentive compensation plan known as the “SunEdison Semiconductor Limited 2014 Non-Employee Director Incentive Plan.” The purposes of the Plan are
to enable the Company to attract, motivate and retain qualified and experienced individuals who may perform services for the Company as Non-Employee Directors, to compensate them for their contributions to the long-term growth and profits of the
Company and to encourage them to acquire a proprietary interest in the success of the Company. 
 2. Definitions. The capitalized
terms used in this Plan have the meanings set forth below. 
 (a) “Affiliate” means any corporation that is
a Subsidiary of the Company and any limited liability company, partnership, corporation, joint venture, or any other entity in which the Company or any such Subsidiary owns an equity interest. 

(b) “Agreement” means a written agreement, contract, certificate or other instrument or document evidencing
the terms and conditions of an Award which may, in the discretion of the Company, be transmitted electronically to any Participant. Each Agreement shall be subject to the terms and conditions of the Plan. 

(c) “Award” means a grant made under this Plan in the form of Options, Stock Appreciation Rights, Restricted
Stock, Restricted Stock Units, Performance Shares or any Other Award, whether singly, in combination or in tandem. 
 (d)
“Board” means the Board of Directors of the Company. 
 (e) “Cause” shall mean, except as
otherwise provided in an Agreement, a determination by a majority of the disinterested Board members that the Director has engaged in any of the following: (i) malfeasance in office; (ii) gross misconduct or neglect; (iii) false or
fraudulent misrepresentation inducing the Director’s appointment; (iv) willful conversion of corporate funds; or (v) repeated failure to participate in Board meetings on a regular basis despite having received proper notice of the
meetings in advance. The Committee, in its sole discretion, shall determine the effect of all matters and questions relating to whether a Participant has been discharged for Cause. 

(f) “Change in Control” shall mean, except as otherwise provided in an Agreement, any of the following: 

(i) any sale, lease, exchange or other transfer (in one transaction or a series of related transactions) of all or
substantially all of the assets of the Company to any Person or group of related Persons for purposes of Section 13(d) of the Exchange Act (a “Group”), together with any affiliates thereof; 

 (ii) the commencement of the liquidation or dissolution of the Company
that occurs following the approval by the holders of capital stock of the Company of any plan or proposal for such liquidation or dissolution of the Company; 

(iii) any Person or Group shall become the beneficial owner (within the meaning of Section 13(d) of the Exchange
Act), directly or indirectly, of shares representing more than 50% of the aggregate voting power of the issued and outstanding stock entitled to vote in the election of directors, managers or trustees (the “Voting Stock”) of the Company
and such Person or Group actually has the power to vote such shares in any such election; 
 (iv) the replacement of a
majority of the Board of Directors of the Company over a two-year period from the directors who constituted the Board of Directors of the Company at the beginning of such period, and such replacement shall not have been approved by a vote of at
least a majority of the Board of Directors of the Company then still in office who either were members of such Board of Directors at the beginning of such period; or 

(v) a merger or consolidation of the Company with another entity in which holders of the Common Stock of the Company
immediately prior to the consummation of the transaction hold, directly or indirectly, immediately following the consummation of the transaction, 50% or less of the common equity interest in the surviving corporation in such transaction. 

Notwithstanding anything herein to the contrary, an event described above shall be considered a Change in Control hereunder
only if it also constitutes a “change in control event” under Section 409A of the Code, to the extent necessary to avoid the adverse tax consequences thereunder with respect to any Award subject to Section 409A of the Code. 

(g) “Change in Control Date” shall mean the date on which the event giving rise to the Change in Control
occurs, provided, in the case of a Change in Control defined in clause (ii) of the definition thereof, such date shall be the date on which the Company shall commence such liquidation or dissolution. 

(h) “Code” means the Internal Revenue Code of 1986, as amended and in effect from time to time, or any
successor thereto. Any reference to a section of the Code shall be deemed to include a reference to any regulations promulgated thereunder. 

(i) “Committee” means the committee of directors appointed by the Board to administer this Plan. In the
absence of a specific appointment, “Committee” shall mean the Board. 
 (j) “Company” means
SunEdison Semiconductor Limited, a Singapore public limited company, or any successor to all or substantially all of its businesses by merger, consolidation, purchase of assets or otherwise. 

  
 2 

 (k) “Continuous Service” means that the Participant’s
service with the Company is not interrupted or terminated; provided that if any Award is subject to Section 409A of the Code, this determination shall be made in a manner consistent with Section 409A of the Code. The Committee or its
delegate, in its sole discretion, may determine whether Continuous Service shall be considered interrupted in the case of any leave of absence approved by that party, including sick leave, military leave or any other personal or family leave of
absences. 
 (l) “Director” means a member of the Board. 

(m) “Disability” means, except as otherwise provided in an Agreement, that the Participant 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 which has lasted or can be expected to last for a continuous period of not less than 12 months. The
determination of whether an individual has a Disability shall be determined under procedures established by the Committee. 

(n) “Exchange Act” means the Securities Exchange Act of 1934, as amended; “Exchange Act Rule 16b-3”
means Rule 16b-3 promulgated by the Securities and Exchange Commission under the Exchange Act or any successor regulation. 

(o) “Fair Market Value” as of any date means, unless otherwise expressly provided in this Plan: 

(i) the closing sales price of a Share on the Nasdaq Global Select Market, or if Shares are not quoted on the Nasdaq
Global Select Market, on the New York Stock Exchange (“NYSE”) or any similar system then in use or, , or 

(ii) if clause (i) is not applicable, what the Committee determines in good faith to be 100% of the fair market
value of a Share on that date, taking into account the requirements of Section 409A of the Code, which determination shall be conclusive and binding on all persons. 

The determination of Fair Market Value shall be subject to adjustment as provided in Section 13(f) hereof. 

(p) “Fundamental Change” means a dissolution or liquidation of the Company, a sale of substantially all of the
assets of the Company (in one or a series of transactions), a merger or consolidation of the Company with or into any other corporation, regardless of whether the Company is the surviving corporation, or a statutory share exchange involving capital
stock of the Company. 
 (q) “Non-Employee Director” means a member of the Board who is a “non-employee
director” within the meaning of Rule 16b-3. 
 (r) “Non-Qualified Stock Option” means an Option not
intended to be an “incentive stock option” within the meaning of Sections 421 and 422 of the Code. 

  
 3 

 (s) “Option” means a right to purchase Stock (or, if the
Committee so provides in an applicable Agreement, Restricted Stock). For the avoidance of doubt, an Option shall only be a Non-Qualified Stock Option. 

(t) “Other Award” means a cash-based Award, an Award of Stock, or an Award based on Stock other than Options,
Stock Appreciation Rights, Restricted Stock, Restricted Stock Units or Performance Shares. 
 (u) “Parent”
means a “parent corporation,” as that term is defined in Section 424(e) of the Code, or any successor provision. 

(v) “Participant” means any Non-Employee Director to whom an Award is granted pursuant to the Plan or, if
applicable, such other person who validly holds an outstanding Award. 
 (w) “Performance Criteria” means
performance goals relating to certain criteria as further described in Section 12 hereof. 
 (x)
“Performance Period” means one or more periods of time in duration, as the Committee may select, over which the attainment of one or more performance goals will be measured for the purpose of determining which Awards, if any, are to
vest or be earned. 
 (y) “Performance Shares” means a contingent award of a specified number of Shares or
Units, with each Performance Share equivalent to one or more Shares or a fractional Share or a Unit expressed in terms of one or more Shares or a fractional Share, as specified in the applicable Agreement, a variable percentage of which may vest or
be earned depending upon the extent of achievement of specified performance objectives during the applicable Performance Period. 

(z) “Person” means an individual, partnership, corporation, limited liability company, unincorporated
organization, trust or joint venture, or a governmental agency or political subdivision thereof. 
 (aa)
“Plan” means this SunEdison Semiconductor Limited 2014 Non-Employee Director Incentive Plan, as amended and in effect from time to time. 

(bb) “Registration Date” means the date on which the Company sells its Common Stock in a bona fide, firm
commitment underwriting pursuant to a registration statement under the Securities Act. 
 (cc) “Restricted
Stock” means Stock granted under Section 10 hereof so long as such Stock remains subject to one or more restrictions. 

(dd) “Restricted Stock Units” means Units of Stock granted under Section 10 hereof. 

  
 4 

 (ee) “Securities Act” means means the Securities Act of 1933, as
amended and all rules and regulations promulgated thereunder. Reference to a specific section of the Securities Act or regulation thereunder shall include such section or regulation, any valid regulation or interpretation promulgated under such
section, and any comparable provision of any future legislation or regulation amending, supplementing or superseding such section or regulation. 

(ff) “Share” means a share of Stock. 

(gg) “Stock” means the Company’s ordinary shares of no par value, or any securities issued in respect
thereof by the Company or any successor to the Company as a result of an event described in Section 13(f). 
 (hh)
“Stock Appreciation Right” means a right pursuant to an Award granted under Section 8. 
 (ii)
“Subsidiary” means a “subsidiary corporation,” as that term is defined in Section 424(f) of the Code, or any successor provision. 

(jj) “Successor” with respect to a Participant means, except as otherwise provided in an Agreement, the legal
representative of an incompetent Participant and, if the Participant is deceased, the beneficiary, if any, designated on forms prescribed by and filed with the Committee. If no designation of a beneficiary has been made, or if the Committee shall be
in doubt as to the rights of any beneficiary, as determined in the Committee’s discretion, the Successor shall be the legal representative of the estate of the Participant or the person or persons who may, by bequest, inheritance, will, or the
laws of descent and distribution, or under the terms of an Award, acquire the right to exercise an Option or Stock Appreciation Right or receive cash and/or Shares issuable in satisfaction of an Award in the event of a Participant’s death. 

(kk) “Term” means the period during which an Option or Stock Appreciation Right may be exercised or the period
during which the restrictions placed on Restricted Stock, Restricted Stock Units, or any other Award are in effect. 

(ll) “Unit” means a bookkeeping entry that may be used by the Company to record and account for the grant of
Stock, Units of Stock, Stock Appreciation Rights, Performance Shares, and any other Award expressed in terms of Units of Stock until such time as the Award is paid, canceled, forfeited or terminated. No Shares shall be issued at the time of grant,
and the Company will not be required to set aside a fund for the payment of any such Award. 
 Except when otherwise
indicated by the context, reference to the masculine gender shall include, when used, the feminine gender and any term used in the singular shall also include the plural. 

  
 5 

 3. Administration. 

(a) Authority of Committee. The Committee shall administer this Plan or delegate its authority to do so as provided in
Section 3(c) hereof or, in the Board’s sole discretion or in the absence of the Committee, the Board shall administer this Plan. Subject to the terms of the Plan, the Committee’s charter and applicable laws, and in addition to other
express powers and authorization conferred by the Plan, the Committee shall have the authority: 
 (i) to construe and
interpret the Plan and apply its provisions; 
 (ii) to promulgate, amend, and rescind rules and regulations relating
to the administration of the Plan; 
 (iii) to authorize any person to execute, on behalf of the Company, any
instrument required to carry out the purposes of the Plan; 
 (iv) to determine when Awards are to be granted under
the Plan and the applicable grant date; 
 (v) from time to time to select, subject to the limitations set forth in
this Plan, those Participants to whom Awards shall be granted; 
 (vi) to determine the number of shares of Stock or
the amount of cash to be made subject to each Award, subject to the limitations set forth in this Plan; 
 (vii) to
prescribe the terms and conditions of each Award, including, without limitation, the Award type, the exercise price and medium of payment and vesting provisions, and to specify the provisions of the Agreement relating to such grant; 

(viii) to determine the target number of Performance Shares to be granted pursuant to a Performance Share Award, the
performance measures that will be used to establish the performance goals, the performance period(s) and the number of Performance Shares earned by a Participant; 

(ix) to designate an Award (including a cash bonus) as a performance compensation Award and to select the performance
criteria that will be used to establish the performance goals; 
 (x) to amend any outstanding Awards, including for
the purpose of modifying the time or manner of vesting, or the term of any outstanding Award; provided, however, that if any such amendment impairs a Participant’s rights or increases a Participant’s obligations under his or her Award or
creates or increases a Participant’s federal income tax liability with respect to an Award, such amendment shall also be subject to the Participant’s consent; 

  
 6 

 (xi) to determine whether, to what extent and under what circumstances
Awards may be settled, paid or exercised in cash, Shares or other Awards or other property, or canceled, forfeited, or suspended; 

(xii) to determine the duration and purpose of leaves and absences which may be granted to a Participant without
constituting termination of service for purposes of the Plan; 
 (xiii) to make decisions with respect to outstanding
Awards that may become necessary upon a change in corporate control or an event that triggers anti-dilution adjustments; 

(xiv) to interpret, administer, or reconcile any inconsistency in, correct any defect in and/or supply any omission in
the Plan and any instrument or agreement relating to, or Award granted under, the Plan; and 
 (xv) to exercise
discretion to make any and all other determinations which it determines to be necessary or advisable for the administration of the Plan. 

The Committee shall not have the right, without shareholder approval to (i) reduce or decrease the purchase price for an outstanding
Option or Stock Appreciation Right, (ii) cancel an outstanding Option or Stock Appreciation Right for the purpose of replacing or re-granting such Option or Stock Appreciation Right with a purchase price that is less than the original purchase
price, (iii) extend the expiration date of an Option or Stock Appreciation Right, or (iv) deliver stock, cash, or other consideration in exchange for the cancellation of an Option or Stock Appreciation Right, the purchase price of which
exceeds the Fair Market Value of the Shares underlying such Option or Stock Appreciation Right. 
 (b) Committee Decisions
Final. All decisions made by the Committee pursuant to the provisions of the Plan shall be final and binding on the Company and the Participants, unless such decisions are determined by a court having jurisdiction to be arbitrary and capricious.

 (c) Delegation. The Committee, or if no Committee has been appointed, the Board, may delegate administration of the
Plan to a committee or committees of one or more members of the Board, and the term “Committee” shall apply to any person or persons to whom such authority has been delegated. The Committee shall have the power to delegate to a
subcommittee any of the administrative powers the Committee is authorized to exercise (and references in this Plan to the Board or the Committee shall thereafter be to the committee or subcommittee), subject, however, to such resolutions, not
inconsistent with the provisions of the Plan, as may be adopted from time to time by the Board. The Board may abolish, suspend or supersede the Committee at any time and revest in the Board the administration of the Plan. The members of the
Committee shall be appointed by and serve at the pleasure of the Board. From time to time, the Board may increase or decrease the size of the Committee, add additional members to, remove 

  
 7 

 
members (with or without cause) from, appoint new members in substitution therefor, and fill vacancies, however, caused, in the Committee. The Committee shall act pursuant to a vote of the
majority of its members or, in the case of a Committee comprised of only two members, the unanimous consent of its members, whether present or not, or by the written consent of the majority of its members and minutes shall be kept of all of its
meetings and copies thereof shall be provided to the Board. Subject to the limitations prescribed by the Plan and the Board, the Committee may establish and follow such rules and regulations for the conduct of its business as it may determine to be
advisable. 
 (d) Board Authority. Any authority granted to the Committee may also be exercised by the Board or
another committee of the Board duly appointed for such purpose. To the extent that any permitted action taken by the Board conflicts with action taken by the Committee, the Board action shall control. Without limiting the generality of the
foregoing, to the extent the Board has delegated any authority under this Plan to another committee of the Board, such authority shall not be exercised by the Committee unless expressly permitted by the Board in connection with such delegation. 

(e) Determination of Awards. The Committee may from time to time determine that each individual who is elected or
appointed to the office of director as a Non-Employee Director receive an Award as compensation, in whole or in part, for such individual’s services as a director. In determining the level and terms of such Awards for Non-Employee Directors,
the Committee may consider such factors as compensation practices of comparable companies with respect to directors, consultants’ recommendations, and such other information as the Committee may deem appropriate. 

4. Shares Available; Maximum Payouts. 

(a) Shares Available. Subject to adjustment in accordance with Section 13(f), a total of 1,000,000 Shares shall be
available for the grant of Awards under the Plan. Shares issued under this Plan may be authorized and unissued shares or issued shares held as treasury shares. The following Shares may not again be made available for issuance as Awards:
(i) Shares not issued or delivered as a result of the net settlement of an outstanding Stock Appreciation Right or Stock Option, (ii) Shares used to pay the exercise price or taxes related to an outstanding Stock Option or Stock
Appreciation Right, or (iii) Shares repurchased on the open market with the proceeds of a Stock Option exercise price. 

(b) Shares Not Applied to Limitations. The following will not be applied to the Share limitations of subsection 4(a)
above: (i) dividends or dividend equivalents paid in cash in connection with outstanding Awards, (ii) any Shares subject to an Award under the Plan which Award is forfeited, cancelled, terminated, expires or lapses for any reason, and
(iii) Shares and any Awards that are granted through the settlement, assumption, or substitution of outstanding awards previously granted (subject to applicable repricing restrictions herein), or through obligations to grant future awards, as a
result of a merger, consolidation, or acquisition of the employing company with or by the Company. If an Award is to be settled in cash, the number of Shares on which the Award is based shall not count toward the Share limitations of subsection
4(a). 

  
 8 

 (c) Award Limitations. No Participant shall be granted (i) Options to
purchase Shares and Stock Appreciation Rights with respect to more than 50,000 Shares in the aggregate, (ii) any other Awards with respect to more than 75,000 Shares in the aggregate (or, in the event such Award denominated or expressed in
terms of number of Shares or Units is paid in cash, the equivalent cash value thereof), or (iii) any cash bonus Award not denominated or expressed in terms of number of Shares or Units with a value that exceeds $200,000 in the aggregate, in
each case, in any fiscal year of the Company under this Plan (such share limits being subject to adjustment under Section 13(f) hereof). 

(d) No Fractional Shares. No fractional Shares may be issued under this Plan; fractional Shares will be rounded down to
the nearest whole Share. 
 5. Eligibility. Awards may be granted under this Plan to any Non-Employee Director at the discretion of
the Committee. 
 6. General Terms of Awards. 

(a) Awards. Awards under this Plan may consist of Options, Stock Appreciation Rights, Performance Shares, Restricted
Stock, Restricted Stock Units, or Other Awards. 
 (b) Agreements. Each Award under this Plan shall be evidenced by an
Agreement setting forth the number of Shares of Restricted Stock, Stock, Restricted Stock Units, or Performance Shares, or the amount of cash, subject to such Agreement, or the number of Shares to which the Option applies or with respect to which
payment upon the exercise of the Stock Appreciation Right is to be determined, as the case may be, together with such other terms and conditions applicable to the Award (not inconsistent with this Plan) as determined by the Committee in its sole
discretion. 
 (c) Term. Each Agreement, other than those relating solely to Awards of Stock without restrictions,
shall set forth the Term of the Award and any applicable Performance Period, as the case may be, but in no event shall the Term of an Award or the Performance Period be longer than ten years after the date of grant. An Agreement with a Participant
may permit acceleration of vesting requirements and of the expiration of the applicable Term upon such terms and conditions as shall be set forth in the Agreement, which may, but, unless otherwise specifically provided in this Plan, need not,
include, without limitation, acceleration resulting from the occurrence of the Participant’s death or Disability. Acceleration of the Performance Period and other performance-based Awards shall be subject to Section 9(b) or Section 12
hereof, as applicable. 
 (d) Transferability. Except as otherwise permitted by the Committee, during the lifetime of
a Participant to whom an Award is granted, only such Participant (or such Participant’s legal representative) may exercise an Option or Stock Appreciation Right or receive payment with respect to any other Award. Except as otherwise permitted
by the Committee, no Award of Restricted Stock (prior to the expiration of the restrictions), Restricted Stock Units, Options, Stock Appreciation Rights, Performance Shares or Other Award (other than an award of Stock without restrictions) may be
sold, assigned, 

  
 9 

 
transferred, exchanged, or otherwise encumbered, and any attempt to do so (including pursuant to a decree of divorce or any judicial declaration of property division) shall be of no effect.
Notwithstanding the immediately preceding sentence, an Agreement may provide that an Award shall be transferable to a Successor in the event of a Participant’s death. 

(e) Termination of Continuous Service Generally. Each Award Agreement shall set forth the extent to which the
Participant shall have the right to exercise and/or retain an Award following termination of the Participant’s service with the Company or its Affiliates, including, without limitation, upon death or a Disability, or other termination of
Continuous Service. Such provisions shall be determined in the sole discretion of the Committee, shall be included in the Award Agreement, need not be uniform among Award Agreements issued pursuant to this Plan, and may reflect distinctions based on
the reasons for termination. 
 (f) Change in Control. Unless otherwise provided in an Award Agreement,
notwithstanding any provision of the Plan to the contrary, in the event of a Participant’s termination of Continuous Service without Cause during the 12-month period following a Change in Control Date, all Options and Stock Appreciation Rights
shall become immediately exercisable with respect to 100% of the Shares subject to such Options or Stock Appreciation Rights, and/or the period of restriction shall expire and the Award shall vest immediately with respect to 100% of the Shares of
Restricted Stock, Restricted Stock Units, and any other Award, and/or all performance goals or other vesting criteria will be deemed achieved at 100% target levels and all other terms and conditions will be deemed met as of the date of the
Participant’s termination of Continuous Service. In addition, in the event of a Change in Control, an Award may be treated, to the extent determined by the Committee to be permitted under Section 409A of the Code, in accordance with one of
the following methods as determined by the Committee in its sole discretion: (i) upon at least 10 days’ advance notice to the affected persons, cancel any outstanding Awards and pay to the holders thereof, in cash or stock, or any
combination thereof, the value of such Awards based upon the price per Share received or to be received by other shareholders of the Company in the event; or (ii) provide for the assumption of or the issuance of substitute awards that will
substantially preserve the otherwise applicable terms of any affected Awards previously granted under the Plan, as determined by the Committee in its sole discretion. In the case of any Option or Stock Appreciation Right with an exercise price that
equals or exceeds the price paid for a Share in connection with the Change in Control, the Committee may cancel the Option or Stock Appreciation Right without the payment of consideration therefor. 

(g) Rights as Shareholder. A Participant shall have no right as a shareholder with respect to any securities covered by
an Award until the date the Participant becomes the holder of record. 
 (h) Performance Conditions. The Committee may
require the satisfaction of certain performance goals as a condition to the grant, vesting or payment of any Award provided under the Plan. 

  
 10 

 7. Stock Options. 

(a) Terms of All Options. 

(i) Grants. Each Option shall be granted pursuant to an Agreement as a Non-Qualified Stock Option. The provisions of
separate Options need not be identical. In no event may Options known as reload options be granted hereunder. 
 (ii)
Purchase Price. The purchase price of each Share subject to an Option shall be determined by the Committee and set forth in the applicable Agreement, but shall not be less than 100% of the Fair Market Value of a Share as of the date the Option
is granted. The purchase price of the Shares with respect to which an Option is exercised shall be payable in full at the time of exercise, in cash or by certified or bank check. The purchase price may be paid, if the Committee so permits and upon
such terms as the Committee shall approve, through delivery or tender to the Company of Shares held, either actually or by attestation, by such Participant (in each case, such Shares having a Fair Market Value as of the date the Option is exercised
equal to the purchase price of the Shares being purchased pursuant to the Option) or through a net or cashless form of exercise as permitted by the Committee, or, if the Committee so permits, a combination thereof. Further, the Committee, in its
discretion, may approve other methods or forms of payment of the purchase price, and establish rules and procedures therefor. Unless otherwise specifically provided in the Agreement, the purchase price of the Shares acquired pursuant to an Option
that is paid by delivery (or attestation) to the Company of other Shares acquired, directly or indirectly from the Company, shall be paid only by Shares that have been held for more than six months (or such longer or shorter period of time required
to avoid a charge to earnings for financial accounting purposes). 
 (iii) Exercisability. Each Option shall vest and
be exercisable in whole or in part on the terms provided in the Agreement. An Option that vests solely on the basis of the passage of time (and not on the basis of any performance standards) shall not vest more rapidly than ratably over a period of
three years from the grant date beginning on the first anniversary of the Option grant date. An Option that vests based on performance standards shall not vest more rapidly than immediate vesting on the first anniversary of the Option grant date.
Notwithstanding the foregoing, vesting of an Option may be accelerated upon the occurrence of certain events as provided in the Award Agreement. In no event shall any Option be exercisable at any time after its Term. When an Option is no longer
exercisable, it shall be deemed to have lapsed or terminated. No Option may be exercised for a fraction of a Share. 

(iv) Termination of Continuous Service. Unless otherwise provided in an Award Agreement, in the event a
Participant’s Continuous Service terminates (other than upon the Participant’s death or Disability), the Participant may exercise his or her Option (to the extent that the Participant was entitled to

  
 11 

 
exercise such Option as of the date of termination) but only within such period of time ending on the earlier of (a) the date three months following the termination of the Participant’s
Continuous Service or (b) the expiration of the Term of the Option as set forth in the Award Agreement; provided that, if the termination of Continuous Service is by the Company for Cause, all outstanding Options (whether or not vested) shall
immediately terminate and cease to be exercisable. If, after termination, the Optionholder does not exercise his or her Option within the time specified in the Award Agreement, the Option shall terminate. 

(v) Disability of Optionholder. Unless otherwise provided in an Award Agreement, in the event that a Participant’s
Continuous Service terminates as a result of the Participant’s Disability, the Participant may exercise his or her Option (to the extent that the Participant was entitled to exercise such Option as of the date of termination), but only within
such period of time ending on the earlier of (a) the date 12 months following such termination or (b) the expiration of the Term of the Option as set forth in the Award Agreement. If, after termination, the Participant does not exercise
his or her Option within the time specified in the Award Agreement, the Option shall terminate. 
 (vi) Death of
Optionholder. Unless otherwise provided in an Award Agreement, in the event a Participant’s Continuous Service terminates as a result of the Participant’s death, then the Option may be exercised (to the extent the Participant was
entitled to exercise such Option as of the date of death) by the Participant’s estate, by a person who acquired the right to exercise the Option by bequest or inheritance or by a person designated to exercise the Option upon the
Participant’s death, but only within the period ending on the earlier of (a) the date 12 months following the date of death or (b) the expiration of the Term of such Option as set forth in the Award Agreement. If, after the
Participant’s death, the Option is not exercised within the time specified in the Award Agreement, the Option shall terminate. 
 8.
Stock Appreciation Rights. 
 (a) Grant. An Award of a Stock Appreciation Right shall entitle the Participant,
subject to terms and conditions determined by the Committee, to receive upon exercise of the Stock Appreciation Right all or a portion of the excess of (i) the Fair Market Value of a specified number of Shares as of the date of exercise of the
Stock Appreciation Right over (ii) a specified purchase price which shall not be less than 100% of the Fair Market Value of such Shares as of the date of grant of the Stock Appreciation Right. Each Stock Appreciation Right shall be subject to
such terms as provided in the applicable Agreement. Except as otherwise provided in the applicable Agreement, upon exercise of a Stock Appreciation Right, payment to the Participant (or to his or her Successor) shall be made in the form of cash,
Shares or a combination of cash and Shares (as determined by the Committee if not otherwise specified in the Award) as promptly as practicable after such exercise. The Agreement may provide for a limitation upon the amount or percentage of the total
appreciation on which payment (whether in cash and/or Stock) may be made in the event of the exercise of a Stock Appreciation Right. Participants holding Stock Appreciation Rights shall have no dividend rights with respect to Shares subject to such
Stock Appreciation Rights. 

  
 12 

 (b) Exercisability. Each Stock Appreciation Right shall vest and be
exercisable in whole or in part on the terms provided in the Agreement. A Stock Appreciation Right that vests solely on the basis of the passage of time (and not on the basis of any performance standards) shall not vest more rapidly than ratably
over a period of three years from the grant date beginning on the first anniversary of the Stock Appreciation Right grant date. A Stock Appreciation Right that vests based on performance standards shall not vest more rapidly than immediate vesting
on the first anniversary of the Option grant date. Notwithstanding the foregoing, the vesting of a Stock Appreciation Right may be accelerated upon the occurrence of certain events as provided in the Award Agreement. In no event shall any Stock
Appreciation Right be exercisable at any time after its Term. When a Stock Appreciation Right is no longer exercisable, it shall be deemed to have lapsed or terminated. No Stock Appreciation Right may be exercised for a fraction of a Share. 

9. Performance Shares. 

(a) Initial Award. An Award of Performance Shares shall entitle a Participant to future payments based upon the
achievement of performance targets established in writing by the Committee. Payment shall be made in cash or Stock, or a combination of cash and Stock, as determined by the Committee. Such performance targets and other terms and conditions shall be
determined by the Committee in its sole discretion. The Agreement may establish that a portion of the maximum amount of a Participant’s Award will be paid for performance which exceeds the minimum target but falls below the maximum target
applicable to such Award. The Agreement shall provide for the timing of such payment. 
 (b) Acceleration and
Adjustment. The applicable Agreement may permit an acceleration of the Performance Period and an adjustment of performance targets and payments with respect to some or all of the Performance Shares awarded to a Participant, upon such terms and
conditions as shall be set forth in the Agreement, upon the occurrence of certain events, which may, but need not, include without limitation, a Fundamental Change, the Participant’s death or Disability, a change in accounting practices of the
Company or its Affiliates, a reclassification, stock dividend, stock split or stock combination, or other event as provided in Section 13(f) hereof. Notwithstanding the foregoing, an Award subject to this Section 9 shall vest or be earned
no more rapidly than immediate vesting on the first anniversary of the Award grant date. 
 (c) Voting; Dividends.
Participants holding Performance Shares shall have no voting rights with respect to such Awards and shall have no dividend rights with respect to Shares subject to such Performances Shares other than as the Committee so provides, in its discretion,
in an Award Agreement; provided, that, any such dividends shall be subject to such restrictions and conditions as the Committee may establish with respect to the Performance Shares and shall be payable only at the same time as the underlying
Performance Shares may become earned, vested, and payable. 

  
 13 

 10. Restricted Stock and Restricted Stock Unit Awards. 

(a) Grant. A Restricted Stock Award is an Award of actual Shares, and a Restricted Stock Unit Award is an Award of Units
having a value equal to the Fair Market Value of an identical number of Shares. All or any part of any Restricted Stock or Restricted Stock Unit Award may be subject to such conditions and restrictions as may be established by the Committee, and set
forth in the applicable Award Agreement, which may include, but are not limited to, Continuous Service requirements, a requirement that a Participant pay a purchase price for such Award, the achievement of specific performance goals, and/or
applicable securities laws restrictions. Subject to the restrictions set forth in the Agreement, during any period during which an Award of Restricted Stock or Restricted Stock Units is restricted and subject to a substantial risk of forfeiture,
(i) Participants holding Restricted Stock Awards may exercise full voting rights with respect to such Shares and shall be entitled to receive all dividends and other distributions paid with respect to such Shares while they are so restricted
and (ii) Participants holding Restricted Stock Units shall have no dividend rights with respect to Shares subject to such Restricted Stock Units other than as the Committee so provides, in its discretion, in an Award Agreement, and shall have
no voting rights with respect to such Awards. Any dividends or dividend equivalents may be paid currently or may be credited to a Participant’s account and may be subject to such restrictions and conditions as the Committee may establish. If
the Committee determines that Restricted Stock shall be held by the Company or in escrow rather than delivered to the Participant pending the release of the applicable restrictions, the Committee may require the Participant to execute and deliver to
the Company an escrow agreement satisfactory to the Committee, if applicable, and an appropriate blank stock power with respect to the Restricted Stock covered by such agreement. 

(b) Restrictions. 

(i) Restricted Stock awarded to a Participant shall be subject to the following restrictions until the expiration of the period
during which the Award is restricted, and to such other terms and conditions as may be set forth in the applicable Award Agreement: (A) if an escrow arrangement is used, the Participant shall not be entitled to delivery of the stock
certificate; (B) the Shares shall be subject to the restrictions on transferability set forth in the Award Agreement; (C) the Shares shall be subject to forfeiture for such period and subject to satisfaction of any applicable performance
goals during such period, to the extent provided in the applicable Award Agreement; and (D) to the extent such Shares are forfeited, the stock certificates, if any, shall be returned to the Company, and all rights of the Participant to such
Shares and as a shareholder with respect to such shares shall terminate without further obligation on the part of the Company. 

  
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 (ii) Restricted Stock Units awarded to any Participant shall be subject to
(A) forfeiture until the expiration of the period during which the Award is restricted, and the satisfaction of any applicable performance goals during such period, to the extent provided in the applicable Award Agreement, and to the extent
such Restricted Stock Units are forfeited, all rights of the Participant to such Restricted Stock Units shall terminate without further obligation on the part of the Company and (B) such other terms and conditions as may be set forth in the
applicable Award Agreement. 
 (iii) The Committee shall have the authority to remove any or all of the restrictions on the
Restricted Stock and Restricted Stock Units whenever it may determine that, by reason of changes in applicable laws or other changes in circumstances arising after the date the Restricted Stock or Restricted Stock Units are granted, such action is
appropriate. 
 (c) Restricted Period. An Award of Restricted Stock or Restricted Stock Units that vests solely on the
basis of the passage of time (and not on the basis of any performance standards) shall not vest more rapidly than immediate vesting on the first anniversary of the Award grant date. In the case of a Restricted Stock or Restricted Stock Units Award
that vests based on performance standards, such Award shall not vest more rapidly than immediate vesting on the first anniversary of the Award grant date. Notwithstanding the foregoing, the vesting of a Restricted Stock or Restricted Stock Units
Award may be accelerated upon the occurrence of certain events as provided in the Award Agreement. Each certificate representing Restricted Stock awarded under the Plan shall bear a legend in such form as the Company deems appropriate. 

11. Other Awards. The Committee may from time to time grant Other Awards under this Plan, including without limitation those Awards
pursuant to which a cash bonus award may be made or pursuant to which Shares may be acquired in the future, such as Awards denominated in Stock, Stock Units, securities convertible into Stock and phantom securities. The Committee, in its sole
discretion, shall determine, and provide in the applicable Agreement for, the terms and conditions of such Awards provided that such Awards shall not be inconsistent with the terms and purposes of this Plan. The Committee may, in its sole
discretion, direct the Company to issue Shares subject to restrictive legends and/or stop transfer instructions which are consistent with the terms and conditions of the Award to which such Shares relate. In addition, the Committee may, in its sole
discretion, issue such Other Awards subject to the performance criteria under Section 12 hereof. 
 12. Performance-Based Awards.

 (a) Application. Notwithstanding any other provision of the Plan, the Committee may provide, in its discretion,
that an Award granted to any Participant is subject to this Section 12, to the extent the Committee deems appropriate. 

(b) Performance Goals. Awards under the Plan may be made subject to the achievement of Performance Criteria, which shall
be performance goals established by the Committee relating to one or more business criteria as determined in the sole discretion of the Committee. 

  
 15 

 (c) Adjustment of Payment. The applicable Agreement may permit an
acceleration of the Performance Period and an adjustment of performance targets and payments with respect to some or all of the performance-based Award(s) awarded to a Participant, upon such terms and conditions as shall be set forth in the
Agreement, upon the occurrence of certain events, which may, but need not, include without limitation a Fundamental Change, the Participant’s death or Disability, a change in accounting practices of the Company or its Affiliates, a
reclassification, stock dividend, stock split or stock combination, or other event as provided in Section 13(f) hereof. 

(d) Other Restrictions. The Committee shall have the power to impose such other restrictions on Awards subject to this
Section 12 as it may deem necessary or appropriate. 
 13. General Provisions. 

(a) Effective Date of this Plan. This Plan shall become effective as of January 17, 2014, provided that the Plan
has been approved by the shareholders of the Company within twelve (12) months after the date the Plan is adopted by the Board. 

(b) Duration of this Plan; Date of Grant. This Plan shall remain in effect for a term of ten years following the date on
which it is effective (i.e., until January 17, 2024) or until all Shares subject to the Plan shall have been purchased or acquired according to the Plan’s provisions, whichever occurs first, unless this Plan is sooner terminated pursuant
to Section 13(e) hereof. No Awards shall be granted pursuant to the Plan after such Plan termination or expiration, but outstanding Awards may extend beyond that date. The date and time of approval by the Committee of the granting of an Award
shall be considered the date and time at which such Award is made or granted, or such later effective date as determined by the Committee, notwithstanding the date of any Agreement with respect to such Award; provided, however, that the Committee
may grant Awards to persons who are about to become Non-Employee Directors, to be effective and deemed to be granted on the occurrence of certain specified contingencies, provided that such specified contingencies shall include, without limitation,
that such person becomes a Non-Employee Director. 
 (c) Right to Terminate Service. Nothing in this Plan or in any
Agreement shall confer upon any Participant the right to continue in the employment or other service of the Company or any Affiliate or affect any right which the Company or any Affiliate may have to terminate or modify the employment or other
service of the Participant with or without cause. 
 (d) Taxes. A Participant shall be solely responsible for any
applicable taxes (including, without limitation, income and excise taxes) and penalties, and any interest that accrues thereon, that he or she incurs in connection with the receipt, vesting, or exercise of any Award. As a condition to the delivery
of any Shares, cash or other 

  
 16 

 
securities or property pursuant to any Award or the lifting or lapse of restrictions on any Award, or in connection with any other event that gives rise to a federal or other governmental tax
withholding obligation on the part of the Company relating to an Award, (i) the Company may deduct or withhold (or cause to be deducted or withheld) from any payment or distribution to a Participant whether or not pursuant to the Plan
(including Shares otherwise deliverable), (ii) the Committee will be entitled to require that the Participant remit cash to the Company, or (iii) the Company may enter into any other suitable arrangements to withhold, in each case in an
amount sufficient in the opinion of the Company to satisfy such withholding obligation. Notwithstanding the foregoing, no Shares shall be withheld with a value exceeding the minimum amount of tax required to be withheld by law. 

(e) Amendment, Modification and Termination of this Plan. Except as provided in this Section 13(e), the Board may
at any time amend, modify, terminate or suspend this Plan. Except as provided in this Section 13(e), the Committee may at any time alter or amend any or all Agreements under this Plan to the extent permitted by law, in which event, the term
“Agreement” shall mean the Agreement as so amended. Any such alterations or amendments may be made unilaterally by the Committee, subject to the provisions of this Section 13(e), unless such amendments are deemed by the Committee to
be materially adverse to the Participant and are not required as a matter of law. Amendments are subject to approval of the shareholders of the Company only as required by applicable law or regulation, or if the amendment increases the total number
of shares available under this Plan, except as provided in Section 13(f). No termination, suspension or modification of this Plan may materially and adversely affect any right acquired by any Participant under an Award granted before the date
of termination, suspension or modification, unless otherwise provided in an Agreement or otherwise or required as a matter of law. It is conclusively presumed that any adjustment for changes in capitalization provided for in Sections 9(b), 12(c) or
13(f) hereof does not adversely affect any right of a Participant or other person under an Award. It is expressly contemplated that the Board may amend the Plan in any respect the Board deems necessary or advisable to provide eligible Non-Employee
Directors with the maximum benefits provided or to be provided without adverse tax consequences under the provisions of Section 409A of the Code and/or to bring the Plan and/or Awards granted under it into compliance therewith. 

(f) Adjustment for Changes in Capitalization. Appropriate adjustments in the aggregate number and type of securities
that may be issued, represented, and available for Awards under this Plan, in the limitations on the number and type of securities that may be issued to an individual Participant, in the number and type of securities and amount of cash subject to
Awards then outstanding, in the Option purchase price as to any outstanding Options, in the purchase price as to any outstanding Stock Appreciation Rights, and, subject to Sections 9(b) and 12(c) hereof, in outstanding Performance Shares and
performance-based Awards and payments with respect to outstanding Performance Shares and performance-based Awards, and comparable adjustments, if applicable, to any outstanding Other Award, automatically shall be made to give effect to adjustments
made in the number or type of Shares through a 

  
 17 

 
Fundamental Change, divestiture, distribution of assets to shareholders (other than ordinary cash dividends), reorganization, recapitalization, reclassification, stock dividend, stock split,
reverse stock split, stock combination or exchange, rights offering, spin-off or other relevant change, provided that fractional Shares shall be rounded down to the nearest whole Share. 

(g) Other Benefit and Compensation Programs. Payments and other benefits received by a participant under an Award shall
not be deemed a part of a Participant’s regular, recurring compensation for purposes of any termination, indemnity or severance pay laws and shall not be included in, nor have any effect on, the determination of benefits under any other
employee benefit plan, contract or similar arrangement provided by the Company or an Affiliate, unless expressly so provided by such other plan, contract or arrangement or the Committee determines that an Award or portion of an Award should be
included to reflect competitive compensation practices or to recognize that an Award has been made in lieu of a portion of competitive cash compensation. 

(h) Unfunded Plan. This Plan shall be unfunded and the Company shall not be required to segregate any assets that may at
any time be represented by Awards under this Plan. Neither the Company, its Affiliates, the Committee, nor the Board shall be deemed to be a trustee of any amounts to be paid under this Plan nor shall anything contained in this Plan or any action
taken pursuant to its provisions create or be construed to create a fiduciary relationship between the Company and/or its Affiliates, and a Participant or Successor. To the extent any person acquires a right to receive an Award under this Plan, such
right shall be no greater than the right of an unsecured general creditor of the Company. 
 (i) Limits of Liability.

 (i) Any liability of the Company to any Participant with respect to an Award shall be based solely upon
contractual obligations created by this Plan and the Agreement. 
 (ii) Except as may be required by law, neither the
Company nor any member or former member of the Board or the Committee, nor any other person participating (including participation pursuant to a delegation of authority under Section 3(c) hereof) in any determination of any question under this
Plan, or in the interpretation, administration or application of this Plan, shall have any liability to any party for any action taken, or not taken, in good faith under this Plan. 

(iii) To the full extent permitted by law, each member and former member of the Committee and each person to whom the
Committee delegates or has delegated authority under this Plan shall be entitled to indemnification by the Company against any loss, liability, judgment, damage, cost and reasonable expense incurred by such member, former member or other person by
reason of any action taken, failure to act or determination made in good faith under or with respect to this Plan. 

  
 18 

 (j) Compliance with Applicable Legal Requirements. The Company shall not
be required to issue or deliver a certificate for Shares distributable pursuant to this Plan unless the issuance of such certificate complies with all applicable legal requirements including, without limitation, compliance with the provisions of
applicable state securities laws, the Securities Act, the Exchange Act and the requirements of the exchanges, if any, on which the Company’s Shares may, at the time, be listed. 

(k) Deferrals and Settlements. The Committee may require or permit Participants to elect to defer the issuance of Shares
or the settlement of Awards in cash under such rules and procedures as it may establish under this Plan. It may also provide that deferred settlements include the payment or crediting of interest on the deferral amounts. 

(l) Acceleration. The Committee shall have the power to accelerate the time at which an Award may first be exercised or
the time during which an Award or any part thereof will vest in accordance with the Plan, notwithstanding the provisions in the Award stating the time at which it may first be exercised or the time during which it will vest. 

(m) Forfeiture. The Committee may specify in an Award Agreement that the Participant’s rights, payments and
benefits with respect to an Award shall be subject to reduction, cancellation, forfeiture or recoupment upon the occurrence of certain events, in addition to applicable vesting conditions of an Award. Such events may include, without limitation,
breach of non-competition, non-solicitation, confidentiality, or other restrictive covenants that are contained in the Award Agreement or otherwise applicable to the Participant, a termination of the Participant’s Continuous Service for Cause,
or other conduct by the Participant that is detrimental to the business or reputation of the Company and/or its Affiliates. 

(n) Clawback and Noncompete. Notwithstanding any other provisions of this Plan, any Award which is subject to recovery
under any law, government regulation, stock exchange listing requirement, or Company policy, will be subject to such deductions and clawback as may be required to be made pursuant to such law, government regulation or stock exchange listing
requirement, or any policy adopted by the Company whether pursuant to any such law, government regulation or stock exchange listing requirement or otherwise. In addition and notwithstanding any other provisions of this Plan, any Award shall be
subject to such noncompete provisions under the terms of the Award Agreement or any other agreement or policy adopted by the Company, including, without limitation, any such terms providing for immediate termination and forfeiture of an Award if and
when a Participant becomes an employee, agent or principal of a competitor without the express written consent of the Company. For the avoidance of doubt, the Committee may specify in an Agreement that the Participant’s rights, payments and
benefits with respect to an Award shall be subject to 

  
 19 

 
reduction, cancellation, forfeiture or recoupment upon the occurrence of certain events, in addition to applicable vesting conditions of an Award. Such events may include, without limitation,
breach of non-competition, non-solicitation, confidentiality, or other restrictive covenants that are contained in the Agreement or otherwise applicable to the Participant, a termination of the Participant’s service for Cause, or other conduct
by the Participant that is detrimental to the business or reputation of the Company and/or its Affiliates. 
 (o)
Sub-plans. The Committee may from time to time establish sub-plans under the Plan for purposes of satisfying blue sky, securities, tax or other laws of various jurisdictions in which the Company intends to grant Awards. Any sub-plans shall
contain such limitations and other terms and conditions as the Committee determines are necessary or desirable. All sub-plans shall be deemed a part of the Plan, but each sub-plan shall apply only to the Participants in the jurisdiction for which
the sub-plan was designed. 
 (p) Plan Headings. The headings in the Plan are for purposes of convenience only and are
not intended to define or limit the construction of the provisions hereof. 
 (q) Non-Uniform Treatment. The
Committee’s determinations under the Plan need not be uniform and may be made by it selectively among persons who are eligible to receive, or actually receive, Awards. Without limiting the generality of the foregoing, the Committee shall be
entitled to make non-uniform and selective determinations, amendments and adjustments and to enter into non-uniform and selective Award Agreements. 

14. Substitute Awards. Awards may be granted under this Plan from time to time in substitution for Awards held by employees or
directors of other corporations who are about to become Non-Employee Directors, or whose company for whom such individual provides services is about to become a Subsidiary of the Company, as the result of a merger or consolidation of the Company or
a Subsidiary of the Company with another corporation, the acquisition by the Company or a Subsidiary of the Company of all or substantially all the assets of another corporation or the acquisition by the Company or a Subsidiary of the Company of at
least 50% of the issued and outstanding stock of another corporation. The terms and conditions of the substitute Awards so granted may vary from the terms and conditions set forth in this Plan to such extent as the Board at the time of the grant may
deem appropriate to conform, in whole or in part, to the provisions of the Awards in substitution for which they are granted. 
 15.
Governing Law. To the extent that federal laws do not otherwise control, this Plan and all determinations made and actions taken pursuant to this Plan shall be governed by the laws of Missouri, without giving effect to principles of conflicts of
laws, and construed accordingly, except for those matters subject to the General Corporation Law of Delaware, which shall be governed by such law, without giving effect to principles of conflicts of laws, and construed accordingly. 

16. Severability. In the event any provision of this Plan shall be held illegal or invalid for any reason, the illegality or invalidity
shall not affect the remaining parts of this Plan, and this Plan shall be construed and enforced as if the illegal or invalid provision had not been included. 

  
 20 

 17. Section 409A. The Plan is intended to comply with Section 409A of the Code
to the extent subject thereto, and, accordingly, to the maximum extent permitted, the Plan shall be interpreted and administered to be in compliance therewith. Any payments that are due within the short-term deferral period as defined in
Section 409A of the Code shall not be treated as deferred compensation unless applicable laws require otherwise. Notwithstanding anything to the contrary in the Plan, to the extent required to avoid adverse tax consequences under
Section 409A of the Code, amounts that would otherwise be payable and benefits that would otherwise be provided pursuant to the Plan during the six-month period immediately following the Participant’s termination of Continuous Service
shall instead be paid on the first payroll date after the six-month anniversary of the Participant’s separation from service (or the Participant’s death, if earlier). Notwithstanding the foregoing, neither the Company nor the Committee
shall have any obligation to take any action to prevent the assessment of any tax or penalty under Section 409A of the Code and neither the Company nor the Committee will have any liability to any Participant or otherwise for such tax or
penalty. 

  
 21

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