Document:

EX-10.1

 Exhibit 10.1 
  

VIASAT, INC. 
 1996
EQUITY PARTICIPATION PLAN 
 RESTRICTED STOCK UNIT AWARD AGREEMENT 

(GLOBAL VERSION) 
  

 

							
			
	 Grant:          Restricted Stock Units
(“RSUs”)
	  	Name:	 	  

				
	 Grant Date:
	 	  
	  		 	

  
  

					
	  

  
  

  
	 	  

ELECTRONIC ACCEPTANCE OF RSU AWARD:
  

By clicking on the “ACCEPT” box on the “Grant Acceptance: View/Accept Grant” Page, you agree to be bound by
the terms and conditions of this Restricted Stock Unit Award Agreement, including any applicable country-specific terms in the appendix hereto, (together, the “Agreement”) and the 1996 Equity Participation Plan of ViaSat, Inc. (as amended
from time to time, the “Plan”). You acknowledge that you have reviewed and fully understand all of the provisions of this Agreement and the Plan, and have had the opportunity to obtain advice of counsel prior to accepting the grant of
RSUs pursuant to this Agreement. You hereby agree to accept as binding, conclusive and final all decisions or interpretations of the Compensation and Human Resources Committee of the Board (the “Committee”) upon any questions relating
to this Agreement and the Plan.
  
	 	  

  
  

  

 TERMS AND CONDITIONS OF RSU AWARD: 

1.           Grant.  Effective on the Grant Date, you have been
granted the number of shares indicated above of RSUs providing you the right to receive Common Stock of ViaSat, Inc., a Delaware corporation (the “Company”), as the RSU vests, in accordance with the provisions of this Agreement and the
provisions of the Plan.
 2.           Forfeiture Upon
Termination.  Until vested, the RSU shall be subject to forfeiture in the event of the termination of your employment or service (as applicable) with the Company and all of its Subsidiaries for any reason, whether such termination is
occasioned by you, by the Company or any of its Subsidiaries, with or without cause or by mutual agreement (“Termination of Employment”). Termination of Employment means the Company has determined that you have stopped providing
services to the Company Group (for any reason whatsoever, whether or not later found to be invalid or in breach of employment laws in the jurisdiction where you are employed or the terms of your employment agreement, if any) and will not be extended
by any notice period (e.g., active services would not include any contractual notice period or any period of “garden leave” or similar period mandated under employment laws in the jurisdiction where you are employed or the
terms of your employment agreement, if any); the Committee shall have the exclusive discretion to determine when you are no longer actively providing services for purposes of your RSU grant (including whether you may still be considered to
be providing services while on an approved leave of absence). 

3.           Transferability.  Until vested, the RSU or any right or
interest therein is not transferable except by will or the laws of descent and distribution. Until Common Stock is issued upon settlement of the RSU, you will not be deemed for any purpose to be, or have rights as, a Company shareholder by
virtue of this award. You are not entitled to vote any shares of Common Stock by virtue of this award.

4.           Vesting.  The RSU will vest and no longer be subject to
the restrictions of and forfeiture under this Agreement in one-fourth (1/4th or 25%) increments on each anniversary of the Grant Date. Notwithstanding the foregoing, the RSU shall be fully
vested upon your Termination of Employment by reason of death or permanent disability. “Permanent disability” means that you are unable to perform your duties by reason of any medically determined physical or mental impairment which
can be expected to result in death or which has lasted or is expected to last for a continuous period of at least 12 months, as reasonably determined by the Committee, in its discretion.

5.           Payment After Vesting.   Within ten days following
the vesting of the RSU, you will be issued shares of Common Stock equal to the number of vested shares, in settlement of the RSU (subject to the withholding requirements described in Section 6 below, as applicable).

6.           Withholding; Indemnity.

(a)        You understand that you (and not the Company) shall be responsible for any
Tax Liability (as defined below) arising as a result of this Agreement or the transactions relating to the RSU. You agree to indemnify and keep indemnified the Company, any Subsidiary and your employing company (the “Employer”), if
different (collectively, the “Company Group”), from and against any such Tax Liability. 

(b)        The Company has the authority to deduct or withhold, or require you to
remit to the Company, an amount sufficient to satisfy any Tax Liability. At any time not less than five business days before any such Tax Liability arises, you may satisfy your Tax Liability, in whole or in part, by either: (i) electing to
have the Company withhold from your salary or other cash compensation payable to you or shares otherwise to be delivered upon settlement of the RSU with a Fair Market Value equal to the 

  

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minimum amount of the tax withholding obligation, or (ii) paying the amount of the Tax Liability directly to the Company in cash. Unless you choose to satisfy your Tax Liability in
accordance with subsection (ii) above, your Tax Liability will be automatically satisfied in accordance with subsection (i) above. The Committee or the Board will have the right to disapprove an election to pay your Tax Liability
under subsection (ii) in its sole discretion. In the event your Tax Liability will be satisfied under subsection (i) above, then the Company, upon approval of the Committee or the Board, may elect (in lieu of withholding shares)
to instruct any brokerage firm determined acceptable to the Company for such purpose to sell on your behalf (pursuant to this authorization) a whole number of shares from those shares of Common Stock issuable to you upon settlement of the RSU as the
Company determines to be appropriate to generate cash proceeds sufficient to satisfy your Tax Liability. Your acceptance of this RSU constitutes your instruction and authorization to the Company and such brokerage firm to complete
the transactions described in the previous sentence, as applicable. Such shares will be sold on the day the Tax Liability arises or as soon thereafter as practicable. The shares may be sold as part of a block trade with other
participants of the Plan in which all participants receive an average price. You will be responsible for all broker’s fees and other costs of sale, and you agree to indemnify and hold the Company harmless from any losses, costs, damages,
or expenses relating to any such sale. To the extent the proceeds of such sale exceed your Tax Liability, the Company agrees to pay such excess in cash to you as soon as practicable. You acknowledge that the Company or its designee is under no
obligation to arrange for such sale at any particular price, and that the proceeds of any such sale may not be sufficient to satisfy your tax withholding obligation. The Company may refuse to issue any Common Stock in settlement of your RSU to you
until your Tax Liability is satisfied. To the maximum extent permitted by law, the Company has the right to retain without notice from shares issuable under the RSU or from salary payable to you, shares or cash having a value sufficient to
satisfy your tax withholding obligation. 
 (c)        For purposes of this
Agreement, your “Tax Liability” shall mean (i) all federal, state, local and foreign withholding or other taxes applicable to your taxable income, plus (ii) if permitted under the laws of the jurisdiction in which you reside, any liability
of the Company Group for income tax, withholding tax and any social security contributions, payroll tax, fringe benefit tax, payment on account obligation or other employment related taxes in any jurisdiction, in each case that may arise as a
result of (w) the grant, vesting or settlement of the RSU, (x) the issuance to you of shares of Common Stock on the vesting or settlement of the RSU, (y) the disposition of any shares of Common Stock that were the subject of the RSU, or (z) any
other transactions contemplated by this Agreement. To avoid negative accounting treatment, the Company may withhold for the Tax Liability by considering applicable minimum statutory withholding amounts or other applicable withholding rates.

7.           Nature of Grant.  In accepting the grant, you
acknowledge, understand and agree that: 
 (a)        this agreement, the RSU grant
and your participation in the Plan shall not create a right to employment, shall not be interpreted as forming an employment or service contract with the Company Group, and shall not interfere with the ability of the Company Group to terminate your
employment or service relationship (if any); 
 (b)        you have no right or
entitlement to be granted an award of RSU or shares of Common Stock; the grant of the RSU is voluntary and occasional and does not create any contractual or other right to receive future grants of RSUs, or benefits in lieu of RSUs, even if RSUs have
been granted in the past; 
 (c)        the RSU and the shares of Common Stock
subject to the RSU are not intended to replace any pension rights or compensation; 

  

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 (d)        all decisions with respect to
future RSUs or other grants, if any, will be at the sole discretion of the Company; 

(e)        the Plan is established voluntarily by the Company, it is discretionary in
nature and it may be modified, amended, suspended or terminated by the Company at any time, to the extent permitted by the Plan; 

(f)        you are voluntarily participating in the Plan; 

(g)        the RSU and the shares of Common Stock subject to the RSU, and the income
and value of same, are not part of normal or expected compensation for purposes of calculating any severance, resignation, termination, redundancy, dismissal, end-of-service payments, bonuses, long-service awards, pension or retirement or welfare
benefits or similar payments; 
 (h)        the future value of the underlying
shares of Common Stock is unknown, indeterminable and cannot be predicted with certainty; 

(i)        unless otherwise agreed with the Company, the RSU and any shares of Common
Stock acquired under the Plan, and the income and value of same, are not granted as consideration for, or in connection with, any service you may provide as a director of any Subsidiary or affiliate of the Company; 

(j)        unless otherwise provided in the Plan or by the Company in its discretion,
the RSU and the benefits evidenced by this Agreement do not create any entitlement to have the RSU or any such benefits transferred to, or assumed by, another company nor to be exchanged, cashed out or substituted for, in connection with any
corporate transaction affecting the shares of Common Stock; and 
 (l)        the
following provisions apply only if you are providing services outside the United States: 

(A)        the RSU and the shares of Common Stock subject to the RSU, and the income
and value of same, are not part of normal or expected compensation or salary for any purpose; and 

(B)        the Company Group shall not be liable for any foreign exchange rate
fluctuation between your local currency and the United States Dollar that may affect the value of the RSU or of any amounts due to you pursuant to the settlement of the RSU or the subsequent sale of any shares of Common Stock acquired upon
settlement; 
 (C)        no claim or entitlement to compensation or damages shall
arise from forfeiture of the RSU resulting from your Termination of Employment, and in consideration of the grant of the RSU to which you are otherwise not entitled, you irrevocably agree never to institute any claim against the Company Group,
waive your ability, if any, to bring any such claim, and release the Company Group from any such claim; if, notwithstanding the foregoing, any such claim is allowed by a court of competent jurisdiction, then, by participating in the Plan, you shall
be deemed irrevocably to have agreed not to pursue such claim and agree to execute any and all documents necessary to request dismissal or withdrawal of such claim. 

8.        Plan Governs.  This RSU award is granted under and governed by the terms
and conditions of the Plan. By execution of this Agreement, you consent to the provisions of the Plan and this Agreement. Defined terms used herein shall have the meaning set forth in the Plan, unless otherwise defined herein. 

  

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 9.           Section
409A.   To the extent applicable, this Agreement and the RSUs shall be interpreted in accordance with Section 409A of the Code and Department of Treasury regulations and other interpretive guidance issued thereunder. This RSU
award is not intended to constitute “nonqualified deferred compensation” within the meaning of Section 409A of the Code and the Department of Treasury regulations and other interpretive guidance issued thereunder. For purposes
of Section 409A of the Code (including, without limitation, for purposes of Treasury Regulation Section 1.409A-2(b)(2)(iii)), each payment that you may be eligible to receive under this Agreement shall be treated as a separate and distinct payment.

10.                    
  Data Protection.  
 (a)        You hereby
explicitly and unambiguously consent to the collection, use and transfer, in electronic or other form, of your personal data as described in this Agreement and any other RSU grant materials by the Company Group for the exclusive purpose of
implementing, administering and managing your participation in the Plan. 

(b)        You understand that the Company Group may hold certain personal
information about you, including, but not limited to, your name, home address and telephone number, date of birth, social insurance number or other identification number, salary, nationality, job title, any shares of Common Stock or directorships
held in the Company, details of all RSUs or any other entitlement to shares of stock awarded, canceled, exercised, vested, unvested or outstanding in your favor (“Data”), for the exclusive purpose of implementing, administering and
managing the Plan. 
 (c)        You understand that Data will be
transferred to E*TRADE Securities LLC, or such other stock plan service provider as may be selected by the Company in the future, which is assisting the Company with the implementation, administration and management of the Plan. You understand that
the recipients of the Data may be located in the United States or elsewhere, and that the recipients’ country (e.g., the United States) may have different data privacy laws and protections than your country. You understand that you may
request a list with the names and addresses of any potential recipients of the Data by contacting your local human resources representative. You authorize the Company Group, E*TRADE Securities LLC and any other possible recipients which may
assist the Company (presently or in the future) with implementing, administering and managing the Plan to receive, possess, use, retain and transfer the Data, in electronic or other form, for the sole purpose of implementing, administering and
managing your participation in the Plan. You understand that Data will be held only as long as is necessary to implement, administer and manage your participation in the Plan. You understand that if you reside outside the United States,
you may, at any time, view Data, request additional information about the storage and processing of Data, require any necessary amendments to Data, or refuse or withdraw the consents herein, in any case without cost, by contacting in writing your
local human resources representative. Further, you understand that you are providing the consents herein on a purely voluntary basis. If you do not consent, or if you later seek to revoke your consent, your employment status or service and
career with the Employer will not be adversely affected; the only adverse consequence of refusing or withdrawing your consent is that the Company would not be able to grant you RSUs or other equity awards, or administer or maintain such awards.
Therefore, you understand that refusing or withdrawing your consent may affect your ability to participate in the Plan. For more information on the consequences of your refusal to consent or withdrawal of consent, you understand that you may
contact your local human resources representative. This Section applies to information held, used or disclosed in any medium. 

11.           Governing Law and Venue.

  

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 (a)        The RSU grant and the
provisions of this Agreement are governed by, and subject to, the laws of the State of California, without regard to the conflict of law provisions, as provided in the Plan.

(b)        For purposes of any action, lawsuit or other proceedings brought to enforce
this Agreement, relating to it, or arising from it, the parties hereby submit to and consent to the sole and exclusive jurisdiction of the courts of San Diego County, California, or the federal courts for the United States for the Southern District
of California, and no other courts, where this grant is made and/or to be performed. 

12.         Language.    If you have received this Agreement or any
other document related to the Plan translated into a language other than English and if the meaning of the translated version is different than the English version, the English version will control. 

13.         Electronic Delivery and Acceptance.   The Company may, in its
sole discretion, decide to deliver any documents related to current or future participation in the Plan by electronic means. You hereby consent to receive such documents by electronic delivery and agree to participate in the Plan through an
on-line or electronic system established and maintained by the Company or a third party designated by the Company. 

14.         Severability.   The provisions of this Agreement are severable,
and if any one or more provisions are determined to be illegal or otherwise unenforceable, in whole or in part, the remaining provisions shall nevertheless be binding and enforceable. 

15.         Appendix.   Notwithstanding any provisions in this Agreement,
the RSU grant shall be subject to any special terms and conditions set forth in any Appendix to this Agreement for your country. Moreover, if you relocate to one of the countries included in the Appendix, the special terms and conditions for
such country will apply to you, to the extent the Company determines that the application of such terms and conditions is necessary or advisable for legal or administrative reasons. The Appendix constitutes part of this Agreement. 

16.         Imposition of Other Requirements.   The Company reserves the
right to impose other requirements on your participation in the Plan, on the RSU and on any shares of Common Stock acquired under the Plan, to the extent the Company determines it is necessary or advisable for legal or administrative reasons, and to
require you to sign any additional agreements or undertakings that may be necessary to accomplish the foregoing. 

17.         Waiver.    You acknowledge that a waiver by the Company of
breach of any provision of this Agreement shall not operate or be construed as a waiver of any other provision of this Agreement, or of any subsequent breach by you or any other Grantee. 

18.         Insider Trading Restrictions/Market Abuse Laws.    You
acknowledge that, depending on your country of residence, you may be subject to insider trading restrictions and/or market abuse laws, which may affect your ability to acquire or sell shares of Common Stock or rights to shares of Common Stock under
the Plan during such times when you are considered to have “inside information” regarding the Company (as defined by the laws in your country). Any restrictions under these laws or regulations are separate from and in addition to any
restrictions that may be imposed under any applicable Company insider trading policy. You further acknowledge that it is your responsibility to comply with any applicable restrictions, and you are advised to speak to your personal advisor on
this matter. 
 19.         Foreign Asset / Account Reporting
Requirements.  You acknowledge that your country may have certain foreign asset and/or account reporting requirements and exchange controls which may affect your 

  

6         

 
ability to acquire or hold shares of Common Stock under the Plan or cash received from participating in the Plan (including from any dividends received or sale proceeds arising from the sale of
shares of Common Stock) in a brokerage or bank account outside your country. You understand that you may be required to report such accounts, assets or related transactions to the tax or other authorities in your country. You also may be
required to repatriate sale proceeds or other funds received as a result of your participation in the Plan to your country through a designated bank or broker and/or within a certain time after receipt. In addition, you may be subject to tax
payment and/or reporting obligations in connection with any income realized under the Plan and/or from the sale of shares of Common Stock. You acknowledge that it is your responsibility to be compliant with all such requirements, and you are
advised to speak to your personal advisor on this matter. 

  

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 VIASAT, INC. 

1996 EQUITY PARTICIPATION PLAN 

APPENDIX TO THE 

RESTRICTED STOCK UNIT AWARD AGREEMENT 

(GLOBAL VERSION) 
 FOR
GRANTEES OUTSIDE THE U.S. 
 Terms and Conditions 

This Appendix includes additional terms and conditions that govern the RSUs granted to you under the Plan if you reside in one of the
countries listed below. Certain capitalized terms used but not defined in this Appendix have the meanings set forth in the Plan and/or the Agreement. 

Notifications 
 This Appendix also
includes information regarding exchange controls and certain other issues of which you should be aware with respect to your participation in the Plan. The information is based on the securities, exchange control and other laws in effect in the
respective countries as of May 2016. Such laws are often complex and change frequently. As a result, the Company strongly recommends that you not rely on the information in this Appendix as the only source of information relating to the
consequences of your participation in the Plan because the information may be out of date at the time that you vest in the RSUs. 
 In
addition, the information contained herein is general in nature and may not apply to your particular situation, and the Company is not in a position to assure you of any particular result. Accordingly, you are advised to seek appropriate
professional advice as to how the relevant laws in your country may apply to your situation.
 Finally, if you are a citizen or resident of
a country other than the one in which you are currently working, transfer employment to another country after the Grant Date, or are considered a resident of another country for tax or exchange control purposes, the information contained herein may
not be applicable to you. 
 AUSTRALIA 

Notifications 
 Australian
Offer Document.   This offer of RSUs under the Plan is intended to comply with the provisions of the Corporations Act 2001, ASIC Regulatory Guide 49 and ASIC Class Order CO 14/1000. Additional details are set forth in the
Offer Document for the offer of RSUs to Australian-resident employees, which will be provided to you with the Agreement. 
 Exchange
Control Information.   Exchange control reporting is required for cash transactions exceeding A$10,000 and international fund transfers. The Australian bank assisting with the transaction will file the report. If there
is no Australian bank involved in the transfer, you will be required to file the report. 
 GERMANY 

Notifications 

  

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 Exchange Control Notification.  Cross-border payments in connection with the
sale of securities in excess of €12,500 must be reported monthly to the German Federal Bank. You are responsible for satisfying the reporting obligation and must file the report electronically by the fifth day of the month following the
month in which the payment is made. A copy of the form can be accessed via the German Federal Bank’s website at www.bundesbank.de and is available in both German and English. No report is required for payments less than €12,500.

 INDIA 
 Notifications

 Exchange Control Information.   Indian residents must repatriate to India any proceeds from the sale of
shares of Common Stock acquired under the Plan within 90 days of receipt and any cash dividends paid upon such shares of Common Stock within 180 days of receipt. If you repatriate funds pursuant to these requirements, the bank where the foreign
currency is deposited will provide you with a foreign inward remittance certificate (“FIRC”). You should maintain the FIRC as evidence of the repatriation of funds in the event the Reserve Bank of India or the Employer requests proof
of repatriation. 
 Foreign Asset /Account Reporting.  Indian residents are required to declare any foreign bank accounts
and assets (including shares of Common Stock acquired under the Plan) on their annual tax returns. You should consult with your personal tax advisor to ensure compliance with applicable reporting obligations. 

IRELAND 
 Terms and
Conditions 
 Nature of Grant.  This section supplements Section 7(l)(C) of the Agreement: 

By accepting the RSUs, you acknowledge, understand, and agree that the benefits received under the Plan will not be taken into account for any
redundancy or unfair dismissal claim. 
 Notifications 

Director Notification Obligation.   Directors, shadow directors and secretaries of the Company’s Irish Subsidiary
or affiliate corporation whose interest in the Company represents more than 1% of the Company’s voting share capital are subject to certain notification requirements under the Irish Companies Act. Directors, shadow directors and
secretaries must notify the Irish Subsidiary or affiliate corporation in writing of their interest in the Company (e.g., RSUs, shares of Common Stock, etc.), when he or she becomes aware of the event giving rise to the notification
requirement, or when he or she becomes a director or secretary if such an interest exists at that time. This notification requirement also applies with respect to the interests of a spouse or children under the age of 18 (whose interests will
be attributed to the director, shadow director or secretary). 
 UNITED KINGDOM 

Terms and Conditions 
 In the
United Kingdom, only Employees are eligible to be granted RSUs pursuant to the following additional terms: 

  

9         

 Responsibility for Taxes.  This section supplements Section 6 of the Agreement:

 You agree that if you do not pay or the Employer or the Company does not withhold from you the full amount of income tax that you owe due
to the vesting of the RSUs, or the release or assignment of the RSUs for consideration, or the receipt of any other benefit in connection with the RSUs (the “Taxable Event”) within 90 days after the end of the tax year in which the Taxable
Event occurs or such other period specified in Section 222(1)(c) of the U.K. Income Tax (Earnings and Pensions) Act 2003 (the “Due Date”), then the amount that should have been withheld shall constitute a loan owed by you to the Employer,
effective as of the Due Date. You agree that the loan will bear interest at the then current rate of Her Majesty’s Revenue and Customs (“HMRC”) and will be immediately due and repayable by you, and the Company and/or the Employer
may recover it at any time thereafter by withholding the funds from salary, bonus or any other funds due to you by the Employer, by withholding in shares of Common Stock issued upon vesting and settlement of the RSUs or from the cash proceeds from
the sale of shares or by demanding cash or a cheque from the Participant. You also authorize the Company to delay the issuance of any shares of Common Stock to you unless and until the loan is repaid in full. 

Notwithstanding the foregoing, if your are a director or executive officer (as within the meaning of Section 13(k) of the Exchange Act), the
terms of the immediately foregoing provision will not apply. In the event that you are a director or executive officer and income tax is not collected from or paid by you by the Due Date, the amount of any uncollected income tax may constitute
a benefit to you on which additional income tax and national insurance contributions may be payable. You acknowledge that the Company or the Employer may recover any such additional income tax and national insurance contributions at any time
thereafter by any of the means referred to in Section 6 of the Agreement. However, you are primarily responsible for reporting and paying any income tax and national insurance contributions due on this additional benefit directly to HMRC under
the self-assessment regime.
 RSUs Payable in Shares.  Notwithstanding any discretion in the Plan or anything to the
contrary in the Agreement, RSUs do not provide any right for you to receive a cash payment; the RSUs are payable in shares of Common Stock only. 

  

10itg_Ex10_1

		
			Exhibit 10.1
		

		
			AMENDED AND RESTATED
INVESTMENT TECHNOLOGY GROUP, INC.
		

		
			DIRECTORS’ RETAINER FEE SUBPLAN
		

		
			SECTION 1.        Introduction.
		

		
			This Amended and Restated Investment Technology Group, Inc. Directors’ Retainer Fee Subplan (the “Subplan”) was originally implemented by Investment Technology Group, Inc. (the “Company”) under the Investment Technology Group, Inc. Amended and Restated 1994 Stock Option and Long-term Incentive Plan and was merged with and into the Investment Technology Group, Inc. 2007 Omnibus Equity Compensation Plan (the “2007 Plan”) effective as of May 8, 2007, the terms of which are incorporated herein by reference.    Effective as of May 8, 2007, the Subplan continued in effect according to the terms set forth herein as a subplan under the 2007 Plan.  The Subplan was amended and restated as of February 7, 2008 and May 19, 2015 and is now amended and restated as set forth herein, effective August 10, 2016 (the “Effective Date”).  The purpose of the Subplan is to provide non-employee directors with an election to receive payment of their annual Board or committee retainer fees in the form of shares of Company Stock or cash or to defer payment of their annual retainer fees in the form of Deferred Share Units.  The Subplan is intended to encourage qualified individuals to accept nominations as directors of the Company and to strengthen the mutuality of interest between the nonemployee directors and the Company’s other stockholders.  The Subplan is amended and restated herein, effective for deferrals made from annual retainer fees earned for periods on or after the Effective Date.  Deferrals made from annual retainer fees earned prior to the Effective Date shall be governed by the Subplan as in effect prior to this amendment and restatement.  
		

		
			SECTION 2.        Definitions.
		

		
			Capitalized terms used in the Subplan but not defined herein shall have the same meanings as defined in the 2007 Plan.  In addition to such terms and the terms defined in Section 1 hereof, the following terms used in the Subplan shall have the meaning set forth below.
		

			
	
			
				 (a)
			“Deferred Share Unit” means a fully vested Stock Unit entitling the holder to receive one share of Company Stock per Stock Unit in accordance with the terms of the Subplan.

			
	
			
				 (b)
			“Director” means a member of the Board who is not employed by the Company or any of its subsidiaries.

			
	
			
				 (c)
			“Subplan Benefits” means the benefits described in Sections 5 and 6 hereof.

		
			SECTION 3.        Administration.
		

		
			The Subplan shall be administered by the Committee.  The Committee shall have full authority to construe and interpret the Subplan, and any action of the Committee with respect to the Subplan shall be final, conclusive, and binding on all persons.
		

		
			SECTION 4.        Cash or Stock Election.
		

		
			Each Director may elect to receive his or her annual Board or committee retainer fee in the form of cash or fully vested shares of Company Stock.  In addition, each Director may elect to defer receipt of his or her annual Board or committee retainer fee in the form of Deferred Share Units as provided in Section 5 below.  If a Director elects to receive his or her annual retainer fee in the form of vested shares of Company Stock, the shares will be 
		

		
			
		

		
			

		 

 

		

		
			distributed on the date the annual retainer fee is otherwise payable in accordance with the Company’s regular retainer fee payment practices, and the amount of Company Stock distributed shall be the number of shares of Company Stock having an aggregate Fair Market Value on the payment date equal to the amount of the Director’s annual retainer fee that is otherwise payable on that date.  Fractional shares will be rounded up to the nearest whole share.  A Director’s election to receive his or her annual retainer fee in the form of cash or vested shares of Company Stock shall continue in effect until the Director notifies the Company in writing, in a manner consistent with Section 5 below, that the Director wishes to prospectively change his or her election.  If a Director fails to make any election under the Subplan, the Director’s annual retainer fee shall be paid in cash.
		

		
			SECTION 5.        Deferred Share Unit Accounts.
		

		
			The Company shall maintain a Deferred Share Unit account (an “Account”) for each Director who has elected to defer his or her annual retainer.  Deferred Share Units will be credited to each such Account as follows:
		

			
	
			
				 (a)
			Each Director may make an irrevocable election on or before December 31 by written notice to the Company, to defer payment of all of the compensation otherwise payable as his or her annual retainer fee for service as a Director for the following calendar year.  Notwithstanding the foregoing, a Director may make such an election within 30 days after first becoming eligible to participate in the Subplan, with respect to compensation payable after the effective date of the election.  All compensation which a Director elects to defer pursuant to this Section 5(a) shall be credited in the form of Deferred Share Units to the Director’s Account.  The number of Deferred Share Units so credited will be equal to the number of shares of Company Stock having an aggregate Fair Market Value (on the date the compensation would otherwise have been paid) equal to the amount by which the Director’s compensation was reduced pursuant to the deferral election.  Deferrals of compensation hereunder shall continue until the Director notifies the Company in writing that the Director wishes his or her compensation for the following calendar year, and succeeding periods to be paid on a current basis either in the form of cash or Company Stock.

			
	
			
				 (b)
			As of each date on which a cash dividend is paid on Company Stock:

			
	
			
				 (i)
			there shall be credited to each Account that number of Deferred Share Units (including fractional units) determined by (i) multiplying the amount of such dividend (per share) by the number of Deferred Share Units credited to such Account prior to May 19, 2015; and (ii) dividing the total so determined by the Fair Market Value of a share of Company Stock on the date of payment of such cash dividend.  The additions to a Director’s Account pursuant to this Section 5(b) shall continue until the Director’s Subplan Benefit is fully paid in accordance with Section 6 below. 

			
	
			
				 (ii)
			a Director shall receive a cash amount determined by multiplying the amount of such dividend (per share) by the number of Deferred Share Units credited to a Director’s Account on or after May 19, 2015.

		
			SECTION 6.        Subplan Benefits.
		

			
	
			
				 (a)
			Form.  The Subplan Benefit of a Director shall consist of shares of Company Stock equal in number to the Deferred Share Units in the Director’s Account.  Any fractional Deferred Share Units shall be rounded up to the nearest whole Deferred Share Unit.

			
	
			
				 (b)
			

			
	
			
			Distribution.

			
	
			
				 (i)
			The Subplan Benefit of a Director shall be distributed within 30 days after the date of termination of the Director’s service on the Board.

			
	
			
				 (ii)
			In the case of the death of a Director, the Director’s Subplan Benefit shall be distributed within 60 days after the date of the Director’s death to the Director’s estate as 

		
			
		

		
			

		 

		

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			beneficiary, unless the Director has requested a different distribution by written notice to the Committee.
		

		
			SECTION 7.        General.
		

			
	
			
				 (a)
			Nontransferabilily.  Except as provided in Section 6(b)(ii), no payment of any Subplan Benefit of a Director shall be anticipated, assigned, attached, garnished, optioned, transferred or made subject to any creditor’s process, whether voluntarily or involuntarily or by operation of law.  Any act in violation of this subsection shall be void.

			
	
			
				 (b)
			Compliance with Legal and Trading Requirements.  The Subplan shall be subject to all applicable laws, rules and regulations, including, but not limited to, federal and state laws, rules and regulations, and to such approvals by any regulatory or governmental agency as may be required.

			
	
			
				 (c)
			Amendment.  The Committee may amend, alter, suspend, discontinue, or terminate the Subplan without the consent of stockholders of the Company or individual Directors, except that any such action will be subject to the approval of the Company’s stockholders at the next annual meeting of the stockholders having a record date after the date such action was taken if such stockholder approval is required by any federal or state law or regulation or the rules of any automated quotation system or securities exchange on which the Company Stock may be quoted or listed, or if the Committee determines in its discretion to seek such stockholder approval; provided,  however, that, without the consent of an affected Director, no amendment, alteration, suspension, discontinuation, or termination of the Subplan may impair or, in any other manner, adversely affect the rights of such Director to accrued Subplan Benefits hereunder.

			
	
			
				 (d)
			Unfunded Status of Awards.  The Subplan (other than Section 4 hereof) is intended to constitute an “unfunded” plan of deferred compensation.  With respect to any payments not yet made to a Director, nothing contained in the Subplan shall give any such Director any rights that are greater than those of a general creditor of the Company; provided,  however, that the Company may authorize the creation of trusts or make other arrangements to meet the Company’s obligations under the Subplan to deliver cash, or other property pursuant to any award, which trusts or other arrangements shall be consistent with the “unfunded” status of the Subplan unless the Company otherwise determines with the consent of each affected Director.

			
	
			
				 (e)
			Nonexclusivity of the Subplan.  The adoption of the Subplan shall not be construed as creating any limitations on the power of the Board or the Committee to adopt such other compensation arrangements as it may deem desirable, including, without limitation, the granting of Options and other awards otherwise than under the Subplan, and such arrangements may be either applicable generally or only in specific cases.

			
	
			
				 (f)
			Adjustments.  The adjustment provisions in Section 5(d) of the 2007 Plan are incorporated herein by reference and shall apply in the case of Company Stock and Deferred Share Units granted hereunder.

			
	
			
				 (g)
			No Right to Remain on the Board.  Neither the Subplan nor the crediting of Deferred Share Units under the Subplan shall be deemed to give any individual a right to remain a director of the Company or create any obligation on the part of the Board to nominate any Director for reelection by the stockholders of the Company.

			
	
			
				 (h)
			Section 409A .  It is intended that this Subplan and awards issued hereunder will comply with Section 409A of the Code (and any regulations and guidelines issued thereunder) to the extent the awards are subject thereto, and this Subplan and such awards shall be interpreted on a basis consistent with such intent.  All payments to be made upon a termination of service under this Subplan may only be made upon a “separation from service” under Section 409A of the Code.  In no event shall a Director, directly or indirectly, designate the calendar year of payment.  This Subplan and any award agreements issued thereunder may be amended in any respect deemed by the Committee to be necessary in order to preserve compliance with Section 409A of the Code.  

		
			
		

		
			

		 

		

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				 (i)
			Governing Law.  The validity, construction, and effect of the Subplan shall be determined in accordance with the laws of the State of Delaware without giving effect to principles of conflict of laws.

			
	
			
				 (j)
			Titles and Headings.  The titles and headings of the Sections in the Subplan are for convenience of reference only.  In the event of any conflict, the text of the Subplan, rather than such titles or headings, shall control.

			
	
			
				 (k)
			Effective Date.  This Subplan, as amended and restated herein shall become effective as of the Effective Date.

			
					
						 

					
					
						 

				
	
					
						Amended and restated effective:

					
					
						May 8, 2007

				
	
					
						Amended and restated effective:

					
					
						February 7, 2008

				
	
					
						Amended and restated effective:

					
					
						May 19, 2015

				
	
					
						Amended and restated effective:

					
					
						August 10, 2016

				

		
			 
		

		 

		

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