Document:

Form of SUPERVALU INC. 2002 Stock Plan Supplemental Non-Qualified Stock Option A

 EXHIBIT 10.5 
  
 SUPERVALU INC. 
 2002 STOCK PLAN 
  
 SUPPLEMENTAL NON-QUALIFIED
STOCK OPTION AGREEMENT 
 FOR NON-EMPLOYEE DIRECTORS 
  
 This Supplemental Stock Option Agreement is made and entered into as of the Grant Date listed below, by and between
SUPERVALU INC. (the “Company”) and the individual whose name and address appears in the signature space below (“Optionee”). 
  
 The Company has established the 2002 Stock Plan, as amended (the “Plan”), under which non-employee directors of the Company may be granted
Supplemental Stock Options (each an “Option”) to purchase shares of the Company’s common stock, par value $1.00 per share (each a “Share”). Optionee has been granted an Option subject to Optionee’s acceptance thereof
and the terms and conditions governing same as a result and by virtue of the resolutions adopted by the Board of Directors of the Company on
                    ; and 
  
 In consideration of the foregoing, the Company and Optionee hereby agree as follows: 
  
 1. Grant. The Company hereby grants Optionee an Option to purchase the number of Shares set forth in the table below,
effective as of the Grant Date indicated therein. The Option shall be a non-qualified stock option, having an exercise price and expiring on an expiration date, as indicated in the table below. Subject to the Stock Option Terms and Conditions
attached hereto (the “Terms and Conditions”), the Option shall vest and become exercisable, with respect to one hundred percent (100%) of the Shares subject thereto as of the Grant Date. 
  

											
	 Grant
 No.

	 	 Grant
 Date

	 	 Number of
 Shares

	  	 Type of Option
 NQ/ISO

	  	 Exercise
 Price

	  	 Expiration
 Date

  
  
 2. Acceptance of Option and Terms and Conditions. The Option is governed by and subject to the Terms and Conditions attached hereto and the
provisions of the Plan. Optionee hereby acknowledges receipt of the Terms and Conditions, and the Plan, and represents that he or she has read and understands same. Optionee hereby accepts the Option and agrees to be bound by all of the Terms and
Conditions and the provisions of the Plan. 
  
 In witness whereof,
this Stock Option Agreement has been executed by the Company and Optionee as of the Grant Date listed above. 
  

					
	 SUPERVALU INC.
	 	 OPTIONEE:

			
	 By:
	 	  

	 	

 SUPERVALU INC. 
  

2002 STOCK OPTION PLAN 
  
 TERMS AND CONDITIONS FOR 
 SUPPLEMENTAL STOCK
OPTIONS 
 FOR NON-EMPLOYEE DIRECTORS 
  
 The Supplemental Non-Qualified Stock Option Agreement between SUPERVALU INC., a Delaware corporation (hereinafter called the “Company”), and the
person named in the attached Notice of Grant of Supplemental Non-Qualified Stock Options (the “Notice”), who is a member of the Board of Directors of the Company but is not an employee of the Company or any of its subsidiaries (hereinafter
called the “Optionee”), effective as of the date of grant set forth in the attached Notice (the “Grant Date”). 
  
 WITNESSETH: 
  
 WHEREAS, the Board of Directors of the Company, at a meeting held on August 12, 1998, adopted a Supplement Option Program, as amended May 26, 2004, that
directed the Executive Personnel Compensation Committee to consider at their next meeting a supplemental grant of non-qualified stock options under the Company’s 2002 Stock Plan (“Supplemental Option”) to non-employee directors of the
Company, including the Optionee, to purchase shares of the Company’s Common Stock, upon exercise of stock options granted under the Company’s 1983 Employees Stock Plan to the Optionee, using already-owned shares to pay the option price.

  
 WHEREAS, the Subcommittee for Qualified Performance Based
Compensation of the Executive Personnel and Compensation Committee (“Committee”) at the next Committee meeting, considered and approved this Supplement Option grant to the Optionee. 
  
 NOW, THEREFORE, the parties agree as follows: 
  

	 	1)	The Company irrevocably grants to the Optionee, as a matter of separate agreement and not in lieu of any other compensation for services, the right and option to purchase all or any
part of the aggregate number of shares of Common Stock set forth in the attached Notice, on the terms and conditions herein set forth and subject to all provisions of the Plan. The Supplemental Option granted hereunder shall not be an Incentive
Stock Option governed by the provisions of Section 422 of the Internal Revenue Code of 1986, as amended. 

  

	 	2)	The purchase price of the Common Stock subject to the stock option shall be the option price per share set forth in the attached Notice. 

  

	 	3)	The term of the Supplemental Option shall expire on the expiration date as set forth in the attached Notice and is exercisable as to 100% of the shares on the date of grant. The
Supplemental Option may be exercised at any time, or from time to time as to any or all full shares. The Optionee shall not have any of the rights of a stockholder with respect to any of the Common Stock subject to the Supplemental Option until such
shares shall be issued to the Optionee upon due exercise of the Supplemental Option. 

  

	 	4)	Except as otherwise determined by the committee, the Supplemental Option shall not be transferable otherwise than by will or the laws of descent and distribution, and the
Supplemental Option may be exercised during the lifetime of the Optionee only by the Optionee. More particularly (but without limiting the generality of the foregoing), the Supplemental Option may not be assigned, transferred (except as aforesaid),
pledged or hypothecated in any way (whether by operation of law or otherwise) and shall not be subject to execution, attachment or similar process. Any attempted assignment, transfer, pledge, hypothecation, or other disposition of the Supplemental
Option contrary to the provisions hereof and the levy of an execution, attachment or similar process upon the Supplemental Option shall be void. 

  

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	 	5)	In the event the Optionee shall cease to be a member of the Board of Directors of the Company for any reason, including death, the Optionee may exercise the Supplemental Option at
any time; provided, however, that the Supplemental Option may not be exercised after the expiration date. 

  

	 	6)	Nothing herein contained shall confer on the Optionee any right to continue as a director of the Company or affect in any way the right of the stockholders of the Company to remove
the Optionee from the Board of Directors as provided in the Company’s Bylaws. 

  

	 	7)	In the event of the death of the Optionee prior to the exercise in full or the expiration of this Supplemental Option, the Supplemental Option may be exercised by a legatee or
legatees of the Optionee under his or her last will or by the Optionee’s personal representatives or distributees at any time prior to the expiration of the Supplemental Option as set forth in the attached Notice, to the full extent of the
Common Stock covered by the Supplemental Option not previously purchased. 

  

	 	8)	If any of the shares covered by this Supplemental Option Agreement are not registered under the Securities Act of 1933 at the time of their issuance hereunder, the Optionee
represents and agrees that all such shares purchased under the Supplemental Option will be acquired for investment and not for resale. 

  

	 	9)	If any portion of the Supplemental Option is exercised subsequent to any stock dividend, split-up, recapitalization, merger, consolidation, combination or exchange of shares or the
like occurring after the date hereof as a result of which shares of any class shall be issued in respect of the outstanding Common Stock, or Common Stock shall be changed into the same or a different number of shares of the same or another class or
classes, the person or persons exercising the Supplemental Option shall receive for the aggregate price paid upon such exercise the aggregate number of shares which, if Common Stock (as authorized at the date hereof) had been purchased at the date
hereof for the same aggregate price (on the basis of the price per share set forth in the Notice) and had not been disposed of, such person or persons would be holding at the time of such exercise as a result of such purchase and any and all such
stock dividends, split-ups, recapitalizations, mergers, consolidations, combinations or exchanges of shares, or the like; provided, however, that no fractional share shall be issued upon any such exercise, and the aggregate price paid shall be
appropriately reduced on account of any fractional share not issued. 

  

	 	10)	The Supplemental Option may be exercised by written notice to the Company at its principal office, attention: Corporate Secretary. The notice shall state the number of shares with
respect to which the Supplemental Option is being exercised. The notice shall be accompanied by payment of the full purchase price and the Company shall issue and deliver a certificate representing such shares as soon as practicable after the notice
is received. Payment of the purchase price shall, unless otherwise consented to by the Company, be made by a certified or bank cashier’s check payable to the order of the Company, or by tender of shares of the Company’s Common Stock
previously owned by the Optionee having a fair market value equal to the option price, or a combination of cash in the form of a certified or bank cashier’s check and shares of the Company’s Common Stock equal to the exercise price of the
Supplemental Option. Certificates for the shares purchased shall be registered in the name of the person exercising the Supplemental Option (or if the Supplemental Option shall be exercised by the Optionee and if the Optionee shall so request in the
notice exercising the Supplemental Option, shall be registered in the name of the Optionee and another person as joint tenants) and shall be delivered to the person exercising the Supplemental Option. In the event the Supplemental Option shall be
exercised pursuant to paragraph 7 hereof by any person other than the Optionee, the notice shall be accompanied by appropriate proof of such person’s right to exercise the Supplemental Option. All shares issued upon the exercise of the
Supplemental Option shall be fully paid and non-assessable. 

  

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	 	11)	The Company shall reserve and keep available such number of shares of Common Stock as will be sufficient to satisfy the requirements of this Agreement. 

  

	 	12)	As used in this Agreement, the term “Common Stock” shall mean the Common Stock of the Company as authorized at the date hereof, and the term “Committee” shall
have the meanings ascribed to it in the Plan. 

  

	 	13)	This Supplemental Option is granted pursuant to the Plan and is subject to all the terms and conditions contained therein. A copy of the Plan is available to the Optionee upon
request. 

  

	 	14)	Optionee acknowledges that Optionee will consult with his or her personal tax advisor regarding the income tax consequences of exercising the Supplemental Option or any other
matters related to this Agreement. In order to provide the Company with the opportunity to claim the benefit of any income tax deduction which may be available to it upon exercise of this Supplemental Option, and in order to comply with all
applicable income tax laws or regulations, the Company may take such action as it deems appropriate to insure that, if necessary, all applicable federal or state payroll, withholding, income or other taxes are withheld or collected from Optionee. In
accordance with the terms of the Plan, and such rules as the Company may adopt, Optionee may elect to satisfy Supplemental Optionee’s federal and state income tax withholding obligations upon exercise of this Supplemental Option by having the
Company withhold a portion of the shares of Common Stock otherwise to be delivered upon exercise of this Supplemental Option having a fair market value equal to the amount of federal and state income tax required to be withheld upon such exercise.

  

	 	15)	Pursuant to the terms of the Supplemental Option Program, restoration options will not be granted to non-employee directors upon the exercise of this Supplemental Option.

  
 THIS SUPPLEMENTAL NON-QUALIFIED STOCK OPTION
AGREEMENT IS ATTACHED TO AND MADE A PART OF A NOTICE OF GRANT OF SUPPLEMENTAL NON-QUALIFIED OPTIONS AND SHALL HAVE NO FORCE OR EFFECT UNLESS SUCH NOTICE IS DULY EXECUTED AND DELIVERED BY THE COMPANY AND THE OPTIONEE. 
  
 * * * * * * * * 
  

 3Form of SUPERVALU INC. 2002 Long-Term Incentive Plan Restricted Stock Award Cert

 EXHIBIT 10.6 
  
 SUPERVALU INC. 
  
 LONG-TERM INCENTIVE PLAN 
 RESTRICTED
STOCK AWARD CERTIFICATE 
  
 This certifies that the Restricted
Stock Award specified below (the “Award”) has been made under the SUPERVALU INC. Long-Term Incentive Plan (the “Plan”) to the person named below. The Award is non-transferable and is subject to all of the terms and conditions of
the Plan, and the Restricted Stock Award Terms and Conditions attached hereto. 
  

	
	 Name:

	
	 Effective Date: 

	
	 Number of Shares Awarded: 

	
	 Vesting Date:

  
 In witness whereof,
this Certificate has been executed by an authorized officer of SUPERVALU INC. pursuant to the authority granted by the Executive Personnel and Compensation Committee of its Board of Directors. 
  

			
	  

	 	  

 Date

  
 I acknowledge receipt
of the Award, the attached Restricted Stock Award Terms and Conditions of which this Certificate is a part, a copy of the Plan and the Prospectus relating thereto. I accept the Award subject to the terms and conditions of the Plan and the Restricted
Stock Award Terms and Conditions. 
  

			
	  

 Name
	 	  

 Date

 SUPERVALU INC. 
  
 LONG-TERM INCENTIVE PLAN 
 RESTRICTED STOCK AWARD TERMS AND CONDITIONS 
  
 SUPERVALU INC. (the “Company”) has established the Long-Term Incentive Plan (as amended from time to time, the “Plan”), pursuant to which certain key employees of the Company may receive awards
(each an “Award”) of restricted shares of the Company’s common stock (each a “Share”). Each Award is evidenced by a Restricted Stock Award Certificate (the “Certificate”) setting forth the employee’s name, the
date the Award is granted, the number of Shares subject thereto, and the date all rights to the Shares fully vest in favor of the employee and the restrictions thereon lapse. The Award is governed by and subject to, the terms and conditions of the
Plan and those set forth herein. 
  
 1. Award of Restricted Stock

  
 The Company has granted you an Award of Restricted Stock for
the number of Shares set forth in the Certificate attached hereto. The Award shall become effective as of the date set forth in the Certificate, after you have signed and returned the Certificate to the Company. 
  
 2. Vesting; Change in Control 
  
 (a) The Shares shall vest in full in favor of you on the date set forth in
the Certificate provided you remain continuously employed by the Company or any of its affiliates until such date. 
  
 (b) Notwithstanding the foregoing, in the event of a Change in Control (as defined in the Plan) prior to the vesting of the Shares, all Shares shall vest
in full as of the date of such Change in Control if you have been continuously employed by the Company or any of its affiliates until the date of such Change in Control. 
  
 3. Forfeiture; Early Vesting in Event of Death, Disability or Retirement 
  
 (a) If you cease to be an employee of the Company or any of its affiliates
for any reason other than death, Disability (as defined below) or Retirement (as defined below), prior to the vesting of the Shares pursuant to Section 2 hereof, then your rights to all of the Shares not theretofore vested shall be immediately and
irrevocably forfeited. 
  
 (b) If you cease to be an employee of
the Company or any of its affiliates by reason of death, Disability or Retirement prior to the vesting of the Shares pursuant to Section 2 hereof, then you or your estate shall become immediately vested, as of the date of such death, Disability or
Retirement, in all unvested Shares; provided, however, that the vesting upon Retirement of all unvested Shares shall require the approval of the Executive Personnel and Compensation Committee of the Board of Directors of the Company
(the “Committee”). No transfer by will or by laws of descent and distribution of any Shares which vest by reason of your death shall be effective to bind the Company, unless the Company shall have been furnished with written notice of such
transfer and a copy of the will or such other evidence as the Company may deem necessary to establish the validity of the transfer. 
  
 For purposes hereof, “Disability” is defined as eligibility for long-term disability payments under the applicable Long-Term Disability Plan of
the Company; and “Retirement” is defined as severance of employment after age 55, with ten (10) or more years of service with the Company or its affiliates. 
  
 4. Restrictions on Transfer 
  
 Except as may be otherwise determined by the Committee, until the Shares vest pursuant to Section 2 or 3 hereof, none of the Shares may be sold, assigned,
transferred, pledged, hypothecated or otherwise disposed of or encumbered by you, and no attempt to transfer the Shares, whether voluntary or involuntary, by operation of law or otherwise, shall vest the transferee with any interest or right in or
with respect to the Shares. 
  

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 5. Issuance and Custody of Certificate 
  
 (a) The Company shall, at its option, cause the Shares to be issued in “book entry” form, i.e. registered with the
company’s stock transfer agent, in your name, or in the form of a certificate registered in your name, in each case, with the following legend or a legend containing words substantially similar thereto: 
  
 “The shares of Common Stock represented by this book
entry or certificate are subject to forfeiture, and the transferability of this entry or certificate and the shares of Common Stock represented thereby are subject to the restrictions, terms and conditions (including restrictions against transfer)
contained in the SUPERVALU INC. Long-Term Incentive Plan and a Restricted Stock Award Certificate executed by SUPERVALU INC. and the registered owner of such shares. Copies of such Plan and Certificate are on file in the office of the Secretary of
SUPERVALU INC., 11840 Valley View Road, Eden Prairie, Minnesota.” 
  
 (b) Any certificate issued pursuant to Section 5(a) hereof shall be deposited by the Company with the Secretary of the Company or a custodian designated by the Secretary. Upon request, the Secretary or such custodian shall issue a receipt
to you evidencing the certificate or certificates held which are registered in your name. 
  
 (c) After Shares vest pursuant to Sections 2 or 3 hereof, the Company shall promptly cause: (i) a certificate or certificates evidencing such vested Shares to be issued and registered in your name or your name and the
name of another adult person (21 years of age or older) as joint tenants, and delivered to you or your legal representative(s), beneficiary(ies) or heir(s); or, (ii) such Shares to be registered in book entry form in your name or your name and the
name of another adult person (21 years of age or older) as joint tenants, and sent by electronic delivery to your brokerage account or that of your legal representative(s), beneficiary(ies) or heir(s); in each case, together with any other property
held in custody with respect to such Shares pursuant to Section 6(c) hereof and free of the legend provided in Section 5(a) hereof. 
  
 Only whole Shares shall be issued to you pursuant to a certificate; the value of any fractional Share shall be paid in cash at the time a certificate
evidencing such fractional Share would otherwise have been delivered to you hereunder and shall be based on the Fair Market Value (as defined below) of the Common Stock. 
  
 6. Distributions and Adjustments 
  
 (a) If the Shares vest in your favor subsequent to any change in the number or character of the outstanding Shares of the Common Stock (through merger,
consolidation, reorganization, recapitalization, stock dividend or otherwise), you shall then receive upon such vesting the number and type of securities or other consideration which you would have received if the Shares had vested prior to the
event changing the number or character of outstanding Shares of Common Stock. 
  
 (b) Any additional Shares, any other securities of the Company and any other property (except for cash dividends or other cash distributions) distributed with respect to the Shares prior to the date the Shares vest
shall be subject to the same restrictions, terms and conditions as the Shares. Any cash dividends or other cash distributions payable with respect to the Shares shall be distributed to you at the same time cash dividends or other cash distributions
are distributed to stockholders of the Company generally. 
  
 (c)
Any additional Shares, any securities and any other property (except for cash dividends or other cash distributions) distributed with respect to the Shares prior to the date such Shares vest shall be promptly deposited with the Secretary or the
custodian designated by the Secretary to be held in custody in accordance with Section 5(c) hereof. 
  
 7. Taxes 
  
 (a) In order
to comply with all applicable federal or state income, social security, payroll, withholding or other tax laws or regulations, the Company may take such action, and may require you to take such action, as it deems appropriate to ensure that all
applicable federal or state income, social security, payroll, withholding or other taxes, which are your sole and absolute responsibility, are withheld or collected from you. 
  
 (b) You may elect to satisfy any federal and state income tax withholding obligations arising upon the vesting of any Shares
pursuant to Sections 2 or 3 hereof by (i) having the Company withhold a portion of the Shares 
  

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 otherwise to be delivered by you upon such vesting having a Fair Market Value (as defined below) equal to the amount of
federal and state income taxes required to be withheld on such vesting, or (ii) delivering to the Company shares of Common Stock, other than the Shares issuable upon such vesting, having a Fair Market Value equal to such taxes. You may elect to
satisfy any federal and state income tax withholding obligations arising prior to the vesting of any Shares pursuant to Sections 2 or 3 hereof by delivering to the Company Shares other than the Shares issuable upon such vesting having a Fair Market
Value equal to such taxes. For purposes hereof, the term “Fair Market Value” shall mean the average of the opening and closing sale price of a Share as reported on the New York Stock Exchange on the date of determination, or, if no trading
in the Common Stock occurred on the date of determination, on the day closest to the date of determination when such trading did occur. Any election pursuant to this paragraph (b) will be subject to such rules as may be adopted from time to time by
the Committee. 
  
 8. Covenants. 
  
 (a) Non-competition Covenant. You agree that you will not be an
employee, trustee, principal, agent, consultant, partner, director or substantial stockholder of any company or business that is engaged in the same business in which you were employed by the Company or any of its affiliates. This paragraph shall
not apply in the event of a Change in Control as described in the Plan. 
  
 (b) Confidential Information Covenant. You acknowledge that you will have access to and gain knowledge of highly confidential and proprietary information and trade secrets pertaining to the Company, its affiliates, customers,
suppliers, joint ventures, licensors, licensees, distributors and other persons and entities with whom the Company does business (“Confidential Information”) in the course of your employment with the Company or any of its affiliates. You
agree to hold all Confidential Information in a fiduciary capacity for the sole benefit of the Company and/or its affiliates. You further agree that you will not, without the prior written consent of the Company or as required by your duties as an
employee of the Company or any of its affiliates, in any way divulge or disclose any Confidential Information. All Confidential Information, including all copies, notes and replications thereof will remain the sole property of the Company and/or its
affiliates, and must be returned to the Company immediately upon your termination of employment. 
  
 (c) Non-solicitation Covenant. You agree that you will not, directly or in concert with others, have any contact for the purpose of recruiting or
soliciting any employee(s) of the Company or any of its affiliates to terminate their employment with the Company or such affiliate in order to become associated with another employer. You agree that, with respect to the customers or accounts of the
business unit(s) in which you worked or over which you had management responsibility, you will not, directly or in concert with others, have contact with such customers or accounts for the purpose of attempting to divert any customer’s business
or any account from the Company or any of its affiliates. 
  
 (d)
No Disparaging Statements Covenant. You agree that you will not make any disparaging statements about the Company, its affiliates, directors, officers, agents, employees, products, pricing policies or services. 
  
 (e) Term. You agree that each of the covenants set forth in this
Section will continue in effect during your employment with the Company or any of its affiliates, and for a period of fifteen (15) months after your employment with the Company or such affiliate ends. 
  
 (f) Remedies for Breach of these Covenants. Should you violate any of
the above covenants, you agree that the Company shall recover from you the monetary loss resulting from such breach, together with the costs and attorneys fees necessary to gain such recovery. In addition to monetary relief, you agree that upon your
breach of any covenant in this Section, your Award will be immediately forfeited, and that a court may order injunctive relief requiring you to stop all actions in violation of the provisions of this Section. 
  
 (g) Enforceability of these Covenants. You agree that to the extent
that a court determines that any provision of this Section detailing the covenants set forth herein is invalid or unenforceable, such provision shall be deleted, but all remaining provisions shall remain in full force and effect. 
  

 3 

 9. Arbitration  
  

You and the Company agree that any controversy, claim, or dispute arising out of or relating to the Restricted Stock Award Certificate or the breach of
any of these Restricted Stock Award Terms and Conditions, or arising out of or relating to your employment relationship with the Company or any of its affiliates, or the termination of such relationship, shall be resolved by binding arbitration
before a neutral arbitrator under rules set forth in the Federal Arbitration Act. By way of example only, such claims include claims litigated under federal, state and local statutory or common law, such as the Age Discrimination in Employment Act,
Title VII of the Civil Rights Act of 1964, as amended, including the Civil Rights Act of 1994, the Americans with Disabilities Act, the law of contract and the law of tort. You and the Company agree that such claims may be brought in an appropriate
administrative forum, but at the point at which you or the Company seek a judicial forum to resolve the matter, this agreement for binding arbitration becomes effective. This agreement to arbitrate shall continue in full force and effect despite the
forfeiture of your Award or the termination of your employment relationship with the Company or any of its affiliates. You and the Company agree that any award rendered by the arbitrator shall be final and binding and that judgment upon the final
award may be entered in any court having jurisdiction thereof. You and the Company hereby knowingly and voluntarily waive any right to have any such dispute tried and adjudicated by a judge or jury. The arbitrator may grant any remedy or relief that
the arbitrator deems just and equitable, including any remedy or relief that would have been available to you, the Company or any of its affiliates had the matter been heard in court. All expenses of the arbitration, including the required travel
and other expenses of the arbitrator and any witnesses, and the costs relating to any proof produced at the direction of the arbitrator, shall be borne equally by you and the Company unless otherwise mutually agreed or unless the arbitrator directs
otherwise in the award. The arbitrator’s compensation shall be borne equally by you and the Company unless otherwise mutually agreed or unless the law provides otherwise. 
  
 10. Severability In the event that any portion of these Restricted Stock Award Terms and Conditions shall be held to be
invalid, the same shall not affect in any respect whatsoever the validity and enforceability of the remainder of these Restricted Stock Award Terms and Conditions. 
  
 11. Miscellaneous 
  
 (a) The terms and conditions set forth herein are subject in all respects to the terms of the Plan. In the event that any provision of hereof is
inconsistent with the terms of the Plan, the terms of the Plan shall govern. Any question of administration or interpretation arising hereunder shall be determined by the Committee or its delegates, and such determination shall be final and
conclusive upon all parties in interest. 
  
 (b) Nothing in the
Certificate or herein shall confer on you any right with respect to continuance of employment by the Company or any of its affiliates, nor will it interfere in any way with the right of the Company to terminate such employment at any time with or
without cause. 
  
 (c) You shall have none of the rights of a
shareholder with respect to the Shares until the Shares have vested in your favor as provided herein, except the rights to receive all cash dividends or other cash distributions and the right to vote. 
  
 (d) Any compensation realized from the receipt or payment of (or the lapse of
restrictions relating to) the Award shall constitute a special long-term incentive payment to you and shall not be taken into account as compensation in determining the amount of any benefit under any retirement or other employee benefit plan of the
Company or any of its affiliates. 
  

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