Document:

EX-10.1

 Exhibit 10.1 

PRGX GLOBAL, INC. 
 2017
EQUITY INCENTIVE COMPENSATION PLAN 
 Article 1 

Effective Date, Objectives and Duration 

1.1 Effective Date of the Plan. PRGX Global, Inc., a Georgia corporation (the “Company”), has adopted the 2017 Equity
Incentive Compensation Plan (the “Plan”) on April 25, 2017, subject to approval by the shareholders of the Company. The terms of the Plan are set forth herein. If the shareholders of the Company do not approve the Plan within twelve
(12) months after the date the Company adopted the Plan, the Plan shall terminate. Awards may be granted under the Plan only after the shareholders of the Company approve the Plan. 

1.2 Objectives of the Plan. The Plan is intended (a) to attract and retain highly qualified persons to serve as employees,
consultants and Non-Employee Directors and to promote ownership by such employees, consultants and Non-Employee Directors of a greater proprietary interest in the
Company, thereby aligning such employees’, consultants’ and Non-Employee Directors’ interests more closely with the interests of the Company’s shareholders, (b) to allow Grantees to
acquire or increase equity ownership in the Company, thereby strengthening their commitment to the success of the Company and stimulating their efforts on behalf of the Company, and to assist the Company and its Affiliates in attracting and
retaining employees, consultants and Non-Employee Directors, (c) to provide annual cash incentive compensation opportunities that are competitive with those of peer corporations, (d) to optimize the
profitability and growth of the Company and its Affiliates through incentives that are consistent with the Company’s goals, (e) to provide Grantees with an incentive for excellence in individual performance, and (f) to promote
teamwork among employees, consultants and Non-Employee Directors. 
 1.3 Duration of the
Plan. The Plan shall commence on the date of adoption of the Plan by the Board of Directors of the Company (the “Board”) (the “Effective Date”) subject to approval by the shareholders of the Company as described above.
Provided the shareholders of the Company approve the Plan, the Plan shall remain in effect, subject to the right of the Board to amend or terminate the Plan at any time pursuant to Article 16 hereof, until the earlier of April 25, 2027, or the
date all Shares subject to the Plan shall have been issued and the restrictions on all Restricted Shares granted under the Plan shall have lapsed, according to the Plan’s provisions. 

Article 2 
 Definitions

 Whenever used in the Plan, the following terms shall have the meanings set forth below: 

2.1 “Acquired Entity” has the meaning set forth in Section 5.6(b). 

2.2 “Acquired Entity Awards” has the meaning set forth in Section 5.6(b). 

2.3 “Adjusted EBIT” has the meaning set forth in Section 4.4. 

2.4 “Adjusted EBITDA” has the meaning set forth in Section 4.4. 

 2.5 “Affiliate” means any corporation or other entity, including but not limited
to partnerships, limited liability companies and joint ventures, with respect to which the Company, directly or indirectly, owns as applicable (a) shares or stock possessing fifty percent (50%) or more of the total combined voting power of all
classes of shares or stock entitled to vote, or fifty percent (50%) or more of the total value of all shares of all classes of shares or stock of such corporation, or (b) an aggregate of fifty percent (50%) or more of the profits interests or
capital interests of a non-corporate entity. Affiliate includes any corporation or other entity that becomes such on or after the Effective Date. 

2.6 “Applicable Law” means U.S. federal, state and local laws applicable to the Company, any legal or regulatory requirement
relating to the Plan, Awards and/or Shares under applicable U.S. federal, state and local laws, the requirements of Nasdaq and any other stock exchange or automated quotation system upon which the Shares are listed, the Code, and the applicable
laws, rules, regulations and requirements of any other country or jurisdiction where Awards are or are to be granted, exercised, vested or settled, as such laws, rules, regulations and requirements shall be in place from time to time. 

2.7 “Award” means Options (including non-qualified options and Incentive Stock
Options), SARs, Restricted Shares, Performance Units (which may be paid in cash), Performance Shares, Deferred Stock, Restricted Stock Units, Dividend Equivalents, Bonus Shares, Cash Incentive Awards or Other Stock-Based Awards granted under the
Plan. 
 2.8 “Award Agreement” means either (a) a written agreement entered into by the Company and a Grantee setting
forth the terms and provisions applicable to an Award granted under this Plan, or (b) a written statement issued by the Company to a Grantee describing the terms and provisions of such Award, including in either case any amendment or
modification thereof. The Committee may provide for the use of electronic, internet or other non-paper Award Agreements and the use of electronic, internet or other
non-paper means for the acceptance thereof and actions thereunder by the Grantee. 
 2.9
“Board” means the Board of Directors of the Company. 
 2.10 “Bonus Shares” means Shares that are awarded
to a Grantee with or without cost (save in all events for payment by the Grantee in cash of the nominal value per Share if required by Applicable Law) and without restrictions either in recognition of past performance (whether determined by
reference to another employee benefit plan of the Company or otherwise), as an inducement to become an Eligible Person or, with the consent of the Grantee, as payment in lieu of any cash remuneration otherwise payable to the Grantee. 

2.11 “Cash Incentive Award” means an Award granted under Article 15 of the Plan. 

2.12 “Cause” shall have the same definition as under any employment or service agreement between the Company or any Affiliate
and the Participant or, if no such employment or service agreement exists or if such employment or service agreement does not contain any such definition, “Cause” means (i) the Participant’s act or failure to act amounting to
gross negligence or willful misconduct to the detriment of the Company or any Affiliate; (ii) the Participant’s dishonesty, fraud, theft or embezzlement of funds or properties in the course of

  
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Participant’s employment; (iii) the Participant’s commission of or pleading guilty to or confessing to any felony; or (iv) the Participant’s breach of any restrictive
covenant agreement with the Company or any Affiliate, including but not limited to, covenants not to compete, non-solicitation covenants and non-disclosure covenants.
For purposes of the Plan, the Participant’s resignation without the Company’s or an Affiliate’s written consent in anticipation of termination of employment for Cause shall constitute a termination of employment for Cause. 

2.13 “CEO” means the Chief Executive Officer of the Company. 

2.14 “Change in Control” shall be deemed to have occurred upon the first occurrence of an event set forth in any one of the
following paragraphs: 
 (a) The accumulation in any number of related or unrelated transactions by any Person of beneficial
ownership (as such term is used in Rule 13d-3 promulgated under the Exchange Act) of fifty percent (50%) or more of the combined voting power of the Company’s voting stock; provided that for purposes of
this subsection (a), a Change in Control will not be deemed to have occurred if the accumulation of fifty percent (50%) or more of the voting power of the Company’s voting stock results from any acquisition of voting stock (i) by the
Company, (ii) by any employee benefit plan (or related trust) sponsored or maintained by the Company or any Affiliate, or (iii) by any Person pursuant to a merger, consolidation or reorganization (a “Business Combination”) that
would not cause a Change in Control under subsection (b) below; or 
 (b) Consummation of a Business Combination,
unless, immediately following that Business Combination, all or substantially all of the Persons who were the beneficial owners of voting stock of the Company immediately prior to that Business Combination beneficially own, directly or indirectly,
at least fifty percent (50%) of the combined voting power of the Company’s voting stock resulting from that Business Combination (including, without limitation, an entity that as a result of that transaction owns the Company or all or
substantially all of the Company’s assets either directly or through one or more subsidiaries) in substantially the same proportions relative to each other as their ownership, immediately prior to that Business Combination, of the voting stock
of the Company; or 
 (c) Less than a majority of the members of the Board of Directors of the Company or any entity
resulting from a Business Combination are Incumbent Board Members; or 
 (d) A sale or other disposition of all or
substantially all of the assets of the Company, except pursuant to a Business Combination that would not cause a Change in Control under subsection (b) above; or 

(e) A complete liquidation or dissolution of the Company, except pursuant to a Business Combination that would not cause a
Change in Control under subsection (b) above. 
 Notwithstanding the foregoing, in the case of any Award that constitutes deferred compensation within
the meaning of Section 409A of the Code, there shall not be a Change in Control unless there is a change in the ownership or effective control of the Company, or in a substantial portion of the assets of the Company, within the meaning of Section
409A of the Code where necessary for such Award to comply with Section 409A of the Code. 
 2.15 “Code” means the Internal
Revenue Code of 1986, as amended from time to time. References to a particular section of the Code include references to regulations and rulings thereunder and to successor provisions. 

2.16 “Committee” has the meaning set forth in Section 3.1(a). 

2.17 “Compensation Committee” means the compensation committee of the Board. 

  
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 2.18 “Corporate Transaction” has the meaning set forth in Section 4.2(b). 

2.19 “Covered Employee” means a Grantee who, as of the last day of the fiscal year in which the value of an Award is
recognizable as income for U.S. federal income tax purposes, is a “covered employee,” within the meaning of Code Section 162(m), with respect to the Company. 

2.20 “Deferred Stock” means a right, granted under Article 10, to receive Shares at the end of a specified deferral period.

 2.21 “Disability” or “Disabled” means, unless otherwise defined in an Award Agreement, or as otherwise
determined under procedures established by the Committee for purposes of the Plan: 
 (a) Except as provided in
(b) below, a disability within the meaning of Section 22(e)(3) of the Code; and 
 (b) In the case of any Award that
constitutes deferred compensation within the meaning of Section 409A of the Code, a disability as defined in regulations under Code Section 409A where necessary for such Award to comply with Section 409A of the Code. For purpose of Code Section
409A, a Grantee will be considered Disabled if: 
 (i) the Grantee is unable to engage in any substantial gainful activity by
reason of any medically determinable physical or mental impairment that can be expected to result in death or can be expected to last for a continuous period of not less than twelve (12) months, or 

(ii) the Grantee is, by reason of any medically determinable physical or mental impairment that can be expected to result in
death or can be expected to last for a continuous period of not less than twelve (12) months, receiving income replacement benefits for a period of not less than three (3) months under an accident and health plan covering employees of the
Grantee’s employer. 
 2.22 “Dividend Equivalent” means a right to receive payments equal to dividends or property, if
and when paid or distributed, on a specified number of Shares. 
 2.23 “EBIT” has the meaning set forth in
Section 4.4. 
 2.24 “EBITDA” has the meaning set forth in Section 4.4. 

2.25 “Effective Date” has the meaning set forth in Section 1.1. 

2.26 “Eligible Person” means any employee (including any officer) of, or non-employee
consultant to, or Non-Employee Director of, the Company or any Affiliate, or potential employee (including a potential officer) of, or potential non-employee consultant
to, the Company or an Affiliate; provided, however, that solely with respect to the grant of an Incentive Stock Option, an Eligible Person shall be any employee (including any officer) of the Company or any Subsidiary Corporation. Solely for
purposes of Section 5.6(b), current or former employees or Non-Employee Directors of, or non-employee consultants to, an Acquired Entity who receive Substitute Awards in
substitution for Acquired Entity Awards shall be considered Eligible Persons under this Plan with respect to such Substitute Awards. 

  
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 2.27 “Exchange Act” means the Securities Exchange Act of 1934, as amended from
time to time. References to a particular section of the Exchange Act include references to successor provisions. 
 2.28 “Exercise
Price” means (a) with respect to an Option, the price at which a Share may be purchased by a Grantee pursuant to such Option or (b) with respect to an SAR, the price established at the time an SAR is granted pursuant to Article 7,
which is used to determine the amount, if any, of the payment due to a Grantee upon exercise of the SAR. 
 2.29 “Fair Market
Value” means a price that is based on the closing price of a Share reported on Nasdaq, or if not Nasdaq, on the established stock exchange which is the principal exchange upon which the Shares are traded on the applicable date or if the
Shares are not traded on such date, the immediately preceding trading day. Unless the Committee determines otherwise, if the Shares are traded over the counter at the time a determination of its Fair Market Value is required to be made hereunder,
Fair Market Value shall be deemed to be equal to the arithmetic mean between the reported high and low or closing bid and asked prices of a Share on the applicable date, or if no such trades were made that day then the most recent date on which
Shares were publicly traded. In the event Shares are not publicly traded at the time a determination of their value is required to be made hereunder, the determination of their Fair Market Value shall be made by the Committee in such manner as it
deems appropriate provided such manner is consistent with Treasury Regulation 1.409A-1(b)(5)(iv)(B). The Fair Market Value that the Committee determines shall be final, binding and conclusive on the Company,
any Affiliate and each Participant. 
 2.30 “FICA” has the meaning set forth in Section 18.1(a). 

2.31 “Forfeiture” means, in relation to Restricted Shares, the compulsory transfer of Restricted Shares by the Grantee, in
accordance with and on and subject to the terms set out in the Award Agreement to one of the following, at the election of the Company: the Company, subject to Applicable Law, an employee benefit trust established by the Company, or an unrelated
third party designated by the Company. “Forfeiture” means, in relation to any other Award, the termination of the Award without the Award becoming vested or payable. “Forfeitable,” “Forfeited” and “non-Forfeitable” shall be construed accordingly. 
 2.32 “Forfeiture
Transferee” means the person to which or whom Restricted Shares are transferred pursuant to Forfeiture. 
 2.33 “Free Cash
Flow” has the meaning set forth in Section 4.4. 
 2.34 “Grant Date” means the date on which an Award is
granted or such later date as specified in advance by the Committee. 
 2.35 “Grantee” means a person who has been granted
an Award. 
 2.36 “Immediate Family” has the meaning set forth in Section 5.4(c). 

2.37 “Incentive Stock Option” means an Option that is intended to meet the requirements of Section 422 of the Code. 

  
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 2.38 “including” or “includes” means “including, without
limitation,” or “includes, without limitation,” respectively. 
 2.39 “Incumbent Board Member” means an
individual who either is (a) a member of the Board as of the effective date of the adoption of this Plan or (b) a member who becomes a member of the Board subsequent to the date of the adoption of this Plan whose election, or nomination
for election by the Company’s shareholders, was approved by a vote of at least sixty percent (60%) of the then Incumbent Board Members (either by a specific vote or by approval of the proxy statement of the Company in which that person is named
as a nominee for director, without objection to that nomination), but excluding, for that purpose, any individual whose initial assumption of office occurs as a result of an actual or threatened election contest (within the meaning of Rule 14a-11 of the Exchange Act) with respect to the election or removal of directors or other actual or threatened solicitation of proxies or consents by or on behalf of a Person other than the Board of Directors. 

2.40 “Management Committee” has the meaning set forth in Section 3.1(b). 

2.41 “Nasdaq” means the Nasdaq Global Market. 

2.42 “Net After Tax Receipt” has the meaning set forth in Article 19. 

2.43 “Non-Employee Director” means a member of the Board who is not an employee of
the Company or any Affiliate. 
 2.44 “Option” means an option granted under Article 6 of the Plan. 

2.45 “Other Stock-Based Award” means a right, granted under Article 13 hereof, that relates to or is valued by reference to
Shares or other Awards relating to Shares. 
 2.46 “Overpayment” has the meaning set forth in Article 19. 

2.47 “Performance-Based Exception” means the performance-based exception from the tax deductibility limitations of Code
Section 162(m) contained in Code Section 162(m)(4)(C) (including the special provisions for options thereunder). Notwithstanding the foregoing, nothing in this Plan shall be construed to mean that an Award which does not satisfy the requirements for
performance-based compensation under Code Section 162(m) does not constitute performance-based compensation for other purposes, including Code Section 409A. 

2.48 “Performance Measures” has the meaning set forth in Section 4.4. 

2.49 “Performance Period” means the time period during which performance goals must be met. 

2.50 “Performance Share” and “Performance Unit” mean an Award granted as a Performance Share or Performance
Unit under Article 9. 
 2.51 “Period of Restriction” means the period during which Restricted Shares are subject to
Forfeiture if the conditions specified in the Award Agreement are not satisfied. 

  
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 2.52 “Permitted Transferee” has the meaning set forth in Section 5.4 (e).

 2.53 “Person” means any individual, sole proprietorship, partnership, joint venture, limited liability company, trust,
unincorporated organization, association, corporation, institution, public benefit corporation, entity or government instrumentality, division, agency, body or department. 

2.54 “Plan” means this PRGX Global, Inc. 2017 Equity Incentive Compensation Plan, in its current form or as hereafter
amended. 
 2.55 “Pre-Existing Plan” means the PRGX Global, Inc. 2008 Equity
Incentive Plan (As Amended and Restated Effective April 25, 2014). 
 2.56 “Present Value” has the meaning set forth
in Article 19. 
 2.57 “QDRO” has the meaning set forth in Section 5.4 (a). 

2.58 “Reduced Amount” has the meaning set forth in Article 19. 

2.59 “Restricted Shares” means Shares issued under Article 8 that are both subject to Forfeiture and are nontransferable if
the Grantee does not satisfy the conditions specified in the Award Agreement applicable to such Shares. 
 2.60 “Restricted Stock
Units” are rights, granted under Article 10, to receive Shares if the Grantee satisfies the conditions specified in the Award Agreement applicable to such rights, and subject always to the Grantee paying the nominal value in cash for each
such Share. 
 2.61 “Returned Shares” has the meaning set forth in Section 4.1. 

2.62 “Rule 16b-3” means Rule 16b-3
promulgated by the SEC under the Exchange Act, as amended from time to time, together with any successor rule. 
 2.63
“SEC” means the United States Securities and Exchange Commission, or any successor thereto. 
 2.64
“Section 16 Non-Employee Director” means a member of the Board who satisfies the requirements to qualify as a “non-employee
director” under Rule 16b-3. 
 2.65 “Section 16 Person”
means a person who is subject to potential liability under Section 16(b) of the Exchange Act with respect to transactions involving equity securities of the Company. 

2.66 “Separation from Service” means, with respect to any Award that constitutes deferred compensation within the meaning of
Code Section 409A, a “separation from service” as defined in Treasury Regulation Section 1.409A-1(h). For this purpose, a “separation from service” is deemed to occur on the date that the
Company and the Grantee reasonably anticipate that the level of bona fide services the Grantee would perform for the Company and/or any Affiliates after that date (whether as an employee, Non-Employee Director
or consultant or 

  
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independent contractor) would permanently decrease to a level that, based on the facts and circumstances, would constitute a separation from service; provided that a decrease to a level that is
50% or more of the average level of bona fide services provided over the prior 36 months shall not be a separation from service, and a decrease to a level that is 20% or less of the average level of such bona fide services shall be a separation from
service. The Committee retains the right and discretion to specify, and may specify, whether a separation from service occurs for individuals providing services to the Company or an Affiliate immediately prior to an asset purchase transaction in
which the Company or an Affiliate is the seller who provides services to a buyer after and in connection with such asset purchase transaction; provided, such specification is made in accordance with the requirements of Treasury Regulation Section 1.409A-1(h)(4). 
 2.67 “Share” means the common stock, no par value per
share, of the Company, and, unless the context otherwise requires, such other securities of the Company, as may be substituted or resubstituted for Shares pursuant to Section 4.2 hereof. 

2.68 “Stock Appreciation Right” or “SAR” means an Award granted under Article 7 of the Plan. 

2.69 “Subsidiary Corporation” means a corporation other than the Company in an unbroken chain of corporations beginning with
the Company if, at the time of granting the Option, each of the corporations other than the last corporation in the unbroken chain owns shares or stock possessing 50% or more of the total combined voting power of all classes of shares or stock in
one of the other corporations in such chain. 
 2.70 “Substitute Awards” has the meaning set forth in Section 5.6(b). 

2.71 “Surviving Company” means the surviving corporation in any merger or consolidation, involving the Company, including the
Company if the Company is the surviving corporation, or the direct or indirect parent company of the Company or such surviving corporation following a sale of substantially all of the outstanding shares or stock of the Company. 

2.72 “Tax Date” has the meaning set forth in Section 18.1(a). 

2.73 “Tendered Restricted Shares” has the meaning set forth in Section 6.5. 

2.74 “Term” of any Option or SAR means the period beginning on the Grant Date of an Option or SAR and ending on the date such
Option or SAR expires, terminates or is cancelled. No Option or SAR granted under this Plan shall have a Term exceeding 10 years. 
 2.75
“Termination of Affiliation” occurs on the first day on which an individual is for any reason no longer providing services to the Company or any Affiliate in the capacity of an employee, officer or consultant or with respect to an
individual who is an employee or officer of or a consultant to an Affiliate, the first day on which such entity ceases to be an Affiliate of the Company; provided, however, that if an Award constitutes deferred compensation within the meaning of
Code Section 409A, Termination of Affiliation with respect to such Award shall mean the Grantee’s Separation from Service. 

  
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 2.72 “Underpayment” has the meaning set forth in Article 19. 

Article 3 

Administration 
 3.1
Committee. 
 (a) Subject to Article 14 and Section 3.2, the Plan shall be administered by the Compensation
Committee or the Board itself if no Compensation Committee exists. Notwithstanding the foregoing, either the Board or the Compensation Committee may at any time and in one or more instances reserve administrative powers to itself as the Committee or
exercise any of the administrative powers of the Committee. To the extent the Board or Compensation Committee considers it desirable to comply with Rule 16b-3 or meet the Performance-Based Exception, the
Committee shall consist of two or more directors of the Company, all of whom qualify as “outside directors” within the meaning of Code Section 162(m) and Section 16 Non-Employee Directors. The
number of members of the Committee shall from time to time be increased or decreased, and shall be subject to such conditions, in each case if and to the extent the Board deems it appropriate to permit transactions in Shares pursuant to the Plan to
satisfy such conditions of Rule 16b-3 and the Performance-Based Exception as then in effect. 

(b) The Board or the Compensation Committee may appoint and delegate to another committee (“Management
Committee”), or to the CEO, any or all of the authority of the Board or the Committee, as applicable, with respect to Awards to Grantees other than Grantees who are executive officers, Non-Employee
Directors, or who are (or are expected to be) Covered Employees and/or are Section 16 Persons at the time any such delegated authority is exercised. 

(c) Unless the context requires otherwise, any references herein to “Committee” include references to, the Board or
the Compensation Committee to the extent the Board or the Compensation Committee, as applicable, has assumed or exercises administrative powers itself as the Committee pursuant to subsection (a), and to the Management Committee or the CEO to the
extent either has been delegated authority pursuant to subsection (b), as applicable; provided that, for purposes of Awards intended to comply with Rule 16b-3 or meet the Performance-Based Exception,
“Committee” shall include only the Compensation Committee. 
 3.2 Powers of Committee. Subject to and consistent with the
provisions of the Plan (including Article 14), the Committee has full and final authority and sole discretion as follows: 

(a) to determine when, to whom and in what types and amounts Awards should be granted; 

(b) to grant Awards to Eligible Persons in any number and to determine the terms and conditions applicable to each Award
(including the number of Shares or the amount of cash or other property to which an Award will relate, any Exercise Price or purchase price, any limitation or restriction, any schedule for or performance conditions relating to the earning of the
Award or the lapse of limitations, forfeiture restrictions, restrictions on exercisability or transferability, any performance goals including those relating to the Company and/or an Affiliate and/or any division thereof and/or an individual, and/or
vesting based on the passage of time, based in each case on such considerations as the Committee shall determine); 
 (c) to
determine the benefit payable under any Performance Unit, Performance Share, Dividend Equivalent, Other Stock-Based Award or Cash Incentive Award and to determine whether any performance or vesting conditions have been satisfied; 

(d) to determine whether or not specific Awards shall be granted in connection with other specific Awards, and if so, whether
they shall be exercisable cumulatively with, or alternatively to, such other specific Awards and all other matters to be determined in connection with an Award; 

  
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 (e) to determine the Term of any Option or SAR; 

(f) to determine the amount that a Grantee shall pay for Restricted Shares, which shall be no less than the nominal value per
Restricted Share if required by Applicable Law, whether to permit or require the payment of cash dividends thereon to be deferred and the terms related thereto, when Restricted Shares (including Restricted Shares acquired upon the exercise of an
Option) shall be Forfeited and whether such shares shall be held in escrow; 
 (g) to determine whether, to what extent and
under what circumstances, subject to Applicable Law, an Award may be settled in, or the exercise price of an Award may be paid in, cash, Shares, other Awards or other property, or an Award may be accelerated, vested, canceled, forfeited or
surrendered or any terms of the Award may be waived, and to accelerate the exercisability of, and to accelerate or waive any or all of the terms and conditions applicable to, any Award or any group of Awards for any reason and at any time; 

(h) to determine with respect to Awards granted to Eligible Persons whether, to what extent and under what circumstances cash,
Shares, other Awards, other property and other amounts payable with respect to an Award will be deferred, either at the election of the Grantee or if and to the extent specified in the Award Agreement automatically or at the election of the
Committee (whether to limit loss of deductions pursuant to Code Section 162(m) or otherwise); 
 (i) subject to
Section 3.3 below, to offer to exchange or buy out any previously granted Award for a payment in cash, Shares or other Award; 

(j) to construe and interpret the Plan and to make all determinations, including factual determinations, necessary or advisable
for the administration of the Plan; 
 (k) to make, amend, suspend, waive and rescind rules and regulations relating to the
Plan; 
 (l) to appoint such agents as the Committee may deem necessary or advisable to administer the Plan; 

(m) to determine the terms and conditions of all Award Agreements applicable to Eligible Persons (which need not be identical)
and, with the consent of the Grantee, to amend any such Award Agreement at any time, among other things, to permit transfers of such Awards to the extent permitted by the Plan; provided, however, that the consent of the Grantee shall not be required
for any amendment (i) which does not adversely affect the rights of the Grantee, or (ii) which is necessary or advisable (as determined by the Committee) to carry out the purpose of the Award as a result of any new Applicable Law or change
in an existing Applicable Law, or (iii) to the extent the Award Agreement specifically permits amendment without consent; 

(n) subject to Section 3.3, to cancel, with the consent of the Grantee, outstanding Awards and to grant new Awards in
substitution therefor; 
 (o) to impose such additional terms and conditions upon the grant, exercise or retention of Awards
as the Committee may, before or concurrently with the grant thereof, deem appropriate, including limiting the percentage of Awards which may from time to time be exercised by a Grantee; 

(p) to make adjustments in the terms and conditions of, and the criteria in, Awards in recognition of unusual or nonrecurring
events (including events described in Section 4.2) affecting the Company or an Affiliate or the financial statements of the Company or an Affiliate, or in response to changes in Applicable Laws, regulations or accounting principles; provided,
however, that in no event shall such adjustment increase the value of an Award for a person expected to be a Covered Employee for whom the Committee desires to have the Performance-Based Exception apply, unless permitted under Section 162(m) of the
Code and the Performance-Based Exception; 

  
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 (q) adopt rules and/or procedures (including the adoption of any subplan under
the Plan) relating to the operation and administration of the Plan to accommodate requirements of local law and procedures; 

(r) to correct any defect or supply any omission or reconcile any inconsistency, and to construe and interpret the Plan, the
rules and regulations, and Award Agreement or any other instrument entered into or relating to an Award under the Plan; and 

(s) to take any other action with respect to any matters relating to the Plan for which it is responsible and to make all other
decisions and determinations as may be required under the terms of the Plan or as the Committee may deem necessary or advisable for the administration of the Plan. 

Any action of the Committee with respect to the Plan shall be final, conclusive and binding on all persons, including the Company, its
Affiliates, any Grantee, any person claiming any rights under the Plan from or through any Grantee, and shareholders, except to the extent the Committee may subsequently modify, or take further action not consistent with, its prior action. If not
specified in the Plan, the time at which the Committee must or may make any determination shall be determined by the Committee, and any such determination may thereafter be modified by the Committee. The express grant of any specific power to the
Committee, and the taking of any action by the Committee, shall not be construed as limiting any power or authority of the Committee. The Committee may delegate to officers or managers of the Company or any Affiliate the authority, subject to such
terms as the Committee shall determine, to perform specified functions under the Plan (subject to Sections 4.3 and 5.7(c)). The Committee may revoke or amend the terms of any delegation at any time but such action shall not invalidate any prior
actions of the Committee’s delegate or delegates that were consistent with the terms of the Plan and the Committee’s prior delegation. 

The Company shall bear all expenses of administering the Plan. The Company shall indemnify and hold harmless each person who is or shall have
been a member of the Committee acting as administrator of the Plan, or any delegate of such, against and from any cost, liability, loss or expense that may be imposed upon or reasonably incurred by such person in connection with or resulting from
any action, claim, suit, or proceeding to which such person may be a party or in which such person may be involved by reason of any action taken or not taken under the Plan and against and from any and all amounts paid by such person in settlement
thereof, with the Company’s approval, or paid by such person in satisfaction of any judgment in any such action, suit, or proceeding against such person, provided he or she shall give the Company an opportunity, at its own expense, to handle
and defend the same before he or she undertakes to handle and defend it on his or her own behalf. Notwithstanding the foregoing, the Company shall not indemnify and hold harmless any such person if (i) applicable law or the Company’s
Articles of Incorporation or Bylaws prohibit such indemnification or (ii) such person did not act in good faith and in a manner that such person believed to be consistent with the Plan or (iii) such person’s conduct constituted gross
negligence or willful misconduct. The foregoing right of indemnification shall not be exclusive of any other rights of indemnification to which such persons may be entitled under the Company’s Articles of Incorporation or Bylaws, as a matter of
law or otherwise, or under any other power that the Company may have to indemnify such person or hold him or her harmless. The provisions of the foregoing indemnity shall survive indefinitely the term of this Plan. 

Notwithstanding any provision of the Plan to the contrary, to comply with the laws in other countries in which Participants are located, or to
comply with the requirements of any foreign stock exchange, the Committee, in its sole discretion, may: (a) determine which Affiliates shall be covered by the Plan; (b) determine which Participants outside the United States are eligible to
participate in the Plan; (c) modify the terms and conditions of any Award granted to Participants outside the United States to comply with applicable foreign laws or listing requirements of any such foreign stock exchange; (d) establish
subplans and modify exercise procedures and other terms and procedures, to the extent such actions may be necessary or advisable (any such subplans and/or modifications shall be attached to the Plan as appendices); provided, however, that no such
subplans and/or modifications shall increase the share limitations contained in Article 4; and (e) take any action, before or after an Award is made, that it deems advisable to obtain approval or comply with any necessary local
governmental regulatory exemptions or approvals or listing requirements of any such foreign stock exchange. Notwithstanding the foregoing, the Committee may not take any actions hereunder, and no Awards shall be granted, that would violate the
Exchange Act or any other securities law or governing statute or any other Applicable Law. 

  
 11 

 3.3 No Repricings. Notwithstanding any provision in Section 3.2 to the contrary, the
terms of any outstanding Option or SAR may not be amended to reduce the Exercise Price of such Option or SAR, or cancel any outstanding Option or SAR in exchange for other Options or SARs with an Exercise Price that is less than the Exercise Price
of the cancelled Option or SAR or for any cash payment (or Shares having with a Fair Market Value) in an amount that exceeds the excess of the Fair Market Value of the Shares underlying such cancelled Option or SAR over the aggregate Exercise Price
of such Option or SAR or for any other Award, without shareholder approval; provided, however, that the restrictions set forth in this Section 3.3, shall not apply (i) unless the Company has a class of shares or stock that is registered
under Section 12 of the Exchange Act or (ii) to any adjustment allowed under to Section 4.2. 
 Article 4 

Shares Subject to the Plan, Maximum Awards, and 162(m) Compliance 

4.1 Number of Shares Available for Grants. Subject to adjustment as provided in Section 4.2 and except as provided in Section
5.6(b), the maximum number of Shares hereby reserved for delivery in connection with Awards under the Plan shall be 3,400,000 Shares, plus the number of Shares subject to awards granted under the Pre-Existing
Plan which become available in accordance with the provisions below after the Plan becomes effective; provided, however, that the total number of Shares that may be delivered pursuant to the exercise of Incentive Stock Options granted hereunder
shall not exceed 3,400,000. If the shareholders of the Company approve the Plan, no further awards shall be granted under the Pre-Existing Plan after the date of such approval. 

Shares covered by an Award shall only be counted as used to the extent actually used. A Share issued in connection with an Award under the
Plan shall reduce the total number of Shares available for issuance under the Plan by one; provided, however, that, upon settlement of an SAR, the number of Shares underlying the portion of the SAR that is exercised will be treated as having been
delivered for purposes of determining the maximum number of Shares available for grant under the Plan and shall not again be treated as available for grant under the Plan. 

If any Award under the Plan, or any award under the Pre-Existing Plan that is outstanding when the
Plan becomes effective, terminates without the delivery of Shares, whether by lapse, forfeiture, cancellation or otherwise, the Shares subject to such Award or such award under the Pre-Existing Plan, to the
extent of any such termination, shall again be available for grant under the Plan. Notwithstanding the foregoing, upon the exercise of any Award, or any award under the Pre-Existing Plan that is outstanding
when the Plan becomes effective, granted in tandem with any other Awards or any awards under the Pre-Existing Plan that are outstanding when the Plan becomes effective, such related Awards or awards under the Pre-Existing Plan that are outstanding when the Plan becomes effective, shall be cancelled to the extent of the number of shares of Company Stock as to which the Award or award under the Pre-Existing Plan is exercised and such number of shares shall no longer be available for Awards under the Plan. Subject to Applicable Law, if any Shares subject to an Award granted hereunder or under any award
under the Pre-Existing Plan that is outstanding when the Plan becomes effective are withheld or applied as payment in connection with the exercise of an Award or the withholding or payment of taxes related
thereto or separately surrendered by the Participant for any such purpose (“Returned Shares”), such Returned Shares will be treated as having been delivered for purposes of determining the maximum number of Shares available for
grant under the Plan and shall not again be treated as available for grant under the Plan. Moreover, the number of Shares available for issuance under the Plan may not be increased through the Company’s purchase of Shares on the open market
with the proceeds obtained from the exercise of any Options granted hereunder. In addition, in the case of any Substitute Award granted in assumption of or in substitution for an Acquired Entity Award, Shares delivered or deliverable in connection
with such Substitute Award shall not be counted against the number of Shares reserved under the Plan (to the extent permitted by applicable stock exchange rules), and available shares of stock under a stockholder-approved plan of an Acquired Entity
(as appropriately adjusted to reflect the transaction) also may be used for Awards under the Plan, which shall not reduce the number of Shares otherwise available under the Plan (subject to applicable stock exchange requirements). 

  
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 Shares may be allotted and issued pursuant to the Plan from the Company’s authorized but
unissued share capital, or the reissue of treasury Shares. 
 4.2 Adjustments in Authorized Shares and Awards; Liquidation, Dissolution
or Change of Control. 
 (a) In the event that the Committee determines that any dividend or other distribution
(excluding any ordinary dividend or distribution) (whether in the form of cash, Shares, or other property), recapitalization, forward or reverse stock split, subdivision, consolidation or reduction of capital, reorganization, merger, consolidation,
scheme of arrangement, split-up, spin-off or combination involving the Company or repurchase or exchange of Shares or other securities of the Company or other rights to
purchase Shares or other securities of the Company, or other similar corporate transaction or event affects the Shares such that any adjustment is determined by the Committee to be appropriate in order to prevent dilution or enlargement of the
benefits or potential benefits intended to be made available under the Plan, then the Committee shall, in such manner as it may deem equitable, adjust any or all of (i) the number and type of Shares (or other securities or property) with
respect to which Awards may be granted, (ii) the number and type of Shares (or other securities or property) subject to outstanding Awards, (iii) the Exercise Price with respect to any Award or, if deemed appropriate, make provision for a
cash payment to the holder of an outstanding Award, and (iv) the number and kind of Shares of outstanding Restricted Shares, or the Shares underlying any Award of Restricted Stock Units, Deferred Stock or other outstanding Share-based Award.
Notwithstanding the foregoing, (x) no such adjustment shall be authorized with respect to any Options or SARs to the extent that such adjustment would cause the Option or SAR (determined as if such Option or SAR was an Incentive Stock Option)
to violate Section 424(a) of the Code or with respect to any Awards to the extent such adjustment would subject any Grantee to taxation under Section 409A of the Code; and (y) the number of Shares subject to any Award denominated in Shares
shall always be a whole number. 
 (b) In the event of a merger or consolidation of the Company with or into another
corporation or a sale of substantially all of the shares or stock of the Company, including by way of a court sanctioned compromise or scheme of arrangement (a “Corporate Transaction”) that results in a Change in Control, unless an
outstanding Award is assumed by the Surviving Company or replaced with an equivalent Award granted by the Surviving Company in substitution for such outstanding Award, the Committee shall cancel any outstanding Awards that are not vested and
nonforfeitable as of the consummation of such Corporate Transaction (unless the Committee in its discretion accelerates the vesting of any such Awards) and with respect to any vested and nonforfeitable Awards, the Committee may either (i) allow
all Grantees to exercise such Awards of Options and SARs within a reasonable period prior to the consummation of the Corporate Transaction and cancel any outstanding Options or SARs that remain unexercised upon consummation of the Corporate
Transaction, or (ii) cancel any or all of such outstanding Awards in exchange for a payment (in cash and/or in securities and/or other property) in an amount equal to the amount that the Grantee would have received (net of the Exercise Price
with respect to any Options or SARs) if such vested Awards were settled or distributed or such vested Options and SARs were exercised immediately prior to the consummation of the Corporate Transaction. Notwithstanding the foregoing, if an Option or
SAR is not assumed by the Surviving Company or replaced with an equivalent Award issued by the Surviving Company and the Exercise Price with respect to any outstanding Option or SAR exceeds the amount payable per Share in the Corporation
Transaction, such Awards shall be cancelled without any payment to the Grantee. 
 (c) In the event of the proposed
dissolution or liquidation of the Company, each Award will terminate immediately prior to the consummation of such proposed action, unless otherwise provided by the Committee. Additionally, the Committee may, in the exercise of its sole discretion,
cause Awards to be vested and non-forfeitable and cause any conditions on any such Award to lapse, as to all or any part of such Award, including Shares as to which the Award would not otherwise be exercisable
or non-forfeitable 

  
 13 

 
and allow all Grantees to exercise such Awards of Options and SARs within a reasonable period prior to the consummation of such proposed action. Any Awards that remain unexercised upon
consummation of such proposed action shall be cancelled. 
 (d) Notwithstanding the forgoing provisions of this
Section 4.2, 
 (i) if an Award (other than an Option or SAR) is intended to comply with the Performance-Based
Exception, no payment or settlement of such Award shall be made pursuant to Section 4.2(b) or (c) until the earlier (i) the consummation of a change of control of the Company (as determined by the Committee in its sole discretion) or
(ii) the attainment of the Performance Measure(s) upon which the Award is conditioned as certified by the Committee; and 

(ii) if an Award constitutes deferred compensation within the meaning of Code Section 409A, no payment or settlement of such
Award shall be made pursuant to Section 4.2(b) or (c), unless the Corporate Transaction or the dissolution or liquidation of the Company, as applicable, constitutes a change in ownership or effective control of the Company or a change in ownership
of a substantial portion of the assets of the Company as described in Treasury Regulation Section 1.409A-3(i)(5). 

4.3 Compliance with Section 162(m) of the Code. 

(a) To the extent the Committee determines that compliance with the Performance-Based Exception is desirable with respect to an
Award, this Section 4.3(a) shall apply. Each Award that is intended to meet the Performance-Based Exception and is granted to a person the Committee believes is likely to be a Covered Employee at the time such Award is settled shall comply with the
requirements of the Performance-Based Exception; provided, however, that to the extent Code Section 162(m) requires periodic shareholder approval of performance measures, such approval shall not be required for the continuation of the Plan or as a
condition to grant any Award hereunder after such approval is required. In addition, in the event that changes are made to Code Section 162(m) to permit flexibility with respect to the Award or Awards available under the Plan, the Committee may,
subject to this Section 4.3, make any adjustments to such Awards as it deems appropriate. 
 (b) Except as provided in
Section 5.6(b), for Awards that are intended to comply with the requirements of the Performance-Based Exception, no Grantee may be granted Awards denoted in Shares as of the date of grant (regardless of whether the Awards will be settled in Shares,
cash or other property) with respect to more than 1,000,000 Shares (twice that limit for Awards that are granted to an Eligible Person in the calendar year in which the Eligible Person first commences employment or service) (based on the highest
level of performance resulting in the maximum payout) in a single calendar year, subject to adjustment as provided in Section 4.2(a). For Awards that are intended to comply with the requirements of the Performance-Based Exception, the maximum
potential value of any Awards denoted in cash or other property as of the date of grant (with the property valued as of the date of grant of the Award) (regardless of whether the Awards will be settled in Shares, cash or other property) that may be
granted in any calendar year to any Eligible Person shall not exceed $3,000,000 (twice that limit for Awards that are granted to an Eligible Person in the calendar year in which the Eligible Person first commences employment or service) (based on
the highest level of performance resulting in the maximum payout) for all such Awards. Such annual limitations apply to Dividend Equivalents under Article 11 only if such Dividend Equivalents are granted separately from and not as a feature of
another Award (even if that feature is treated as a separate award for other purposes, including Section 409A of the Code). 
 4.4
Performance-Based Exception under Section 162(m). Unless and until the Committee proposes for shareholder vote and shareholders approve a change in the general performance measures set forth in this Section 4.4 for Awards (other than
Options or SARs) designed to qualify for the Performance-Based Exception, the objective Performance Measure(s) shall be chosen from among the following: (a) gross, operating or net earnings (income) before

  
 14 

 
or after taxes; (b) return on equity; (c) return on capital; (d) return on sales; (e) return on investments; (f) return on assets or net assets; (g) earnings per
share; (h) cash flow per share; (i) book value per share; (j) gross margin; (k) customers; (l) cash flow or cash flow from operations; (m) Fair Market Value of the Company or any Affiliate or shares of Common Stock;
(n) share price or total shareholder return; (o) market share; (p) level of expenses or other costs; (q) gross, operating or net revenue; (r) earnings from continuing operations before interest and taxes
(“EBIT”); (s) EBIT including or excluding one or more of charges associated with restructuring and exit activities, stock-based compensation, tangible or intangible asset impairment, litigation costs and settlements, bargain
purchase gains, acquisition-related charges and benefits, material severance obligations, significant foreign currency transaction gains or losses and/or any other unusual, non-recurring or extraordinary
events (“Adjusted EBIT”); (t) profitability; (u) earnings from continuing operations before interest, taxes, depreciation and amortization (“EBITDA”); (v) EBITDA including or excluding one or more of charges
associated with restructuring and exit activities, stock-based compensation, tangible or intangible asset impairment, litigations costs and settlements, bargain purchase gains, acquisition-related charges and benefits, material severance
obligations, significant foreign currency transaction gains or losses and/or any other unusual, non-recurring or extraordinary events (“Adjusted EBIDTA”); (w) Adjusted EBITDA less capital
expenditures (“Free Cash Flow”); or (x) peer group comparisons of any of the aforementioned performance conditions. Any applicable Performance Measure may be applied on a pre- or post-tax basis. The Committee may, on the Grant Date of an Award intended to comply with the Performance-Based Exception, and in the case of other grants, at any time, provide that the formula for such Award may
include or exclude items to measure specific objectives, such as losses from discontinued operations, extraordinary gains or losses, the cumulative effect of accounting changes, acquisitions or divestitures, foreign exchange impacts and any unusual,
nonrecurring gain or loss. The levels of performance required with respect to Performance Measures may be expressed in absolute or relative levels and may be based upon a set increase, set positive result, maintenance of the status quo, set decrease
or set negative result. Performance Measures may differ for Awards to different Grantees. The Committee shall specify the weighting (which may be the same or different for multiple objectives) to be given to each performance objective for purposes
of determining the final amount payable with respect to any such Award. Any one or more of the Performance Measures may apply to the Grantee, a department, unit, division or function within the Company or any one or more Affiliates; and may apply
either alone or relative to the performance of other businesses or individuals (including industry or general market indices). For Awards intended to comply with the Performance-Based Exception, (i) the Committee shall set the Performance
Measures within the time period prescribed by Section 162(m) of the Code and no later than 90 days after the commencement of the period of service to which the Awards intended to comply with the Performance-Based Exception relate (but in no event
after 25 percent of the period of service has elapsed), (ii) the Performance Measures may not include solely the mere continued employment or service of the Participant, but (iii) the Award may be contingent upon the Participant’s
continued employment or service in addition to the Performance Measures. 
 If the Committee, on the date of grant, prescribes that an Award
shall become exercisable, nonforfeitable and transferable or earned and payable only upon the attainment of any of the above Performance Measures, the Award shall become exercisable, nonforfeitable and transferable or earned and payable only to the
extent that the Committee certifies in writing that such conditions have been achieved. An Award will not satisfy the requirements of the Performance-Based Exception if the facts and circumstances indicate the Award will become exercisable,
nonforfeitable and transferable or earned and payable regardless of whether the Performance Measures are attained. 

  
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However, an Award does not fail to meet the requirements of the Performance-Based Exception merely because the Award would become exercisable, nonforfeitable and transferable or earned and
payable upon the Participant’s death or disability or upon a Change in Control, although an Award that actually becomes exercisable, nonforfeitable and transferable or earned and payable on account of those events prior to the attainment of the
Performance Measures would not satisfy the Performance-Based Exception. In determining if the performance conditions have been achieved, the Committee may adjust the performance targets in the event of any unbudgeted acquisition, divestiture or
other unexpected fundamental change in the business of the Company, an Affiliate or business unit or in any product that is material taken as a whole as appropriate to fairly and equitably determine if the Award is to become exercisable,
nonforfeitable and transferable or earned and payable pursuant to the conditions set forth in the Award. Additionally, in determining if such performance conditions have been achieved, the Committee also may adjust the performance targets in the
event of any (i) unanticipated asset write-downs or impairment charges, (ii) litigation or claim judgments or settlements thereof, (iii) changes in tax laws, accounting principles or other laws or provisions affecting reported
results, (iv) accruals for reorganization or restructuring programs, or extraordinary non-reoccurring items. To the extent any such adjustments affect Awards, the intent is that they shall be in a form
that allows the Award to continue to meet the requirements of the Performance-Based Exception. 
 The Committee shall have the discretion to
adjust the determinations of the degree of attainment of the pre-established performance goals; provided, however, that Awards which are designed to qualify for the Performance-Based Exception may not (unless
the Committee determines to amend the Award so that it no longer qualifies for the Performance-Based Exception) be adjusted upward unless permitted by Section 162(m) of the Code under the Performance-Based Exception (the Committee shall retain the
discretion to adjust such Awards downward). The Committee may not, unless the Committee determines to amend the Award so that it no longer qualifies for the Performance-Based Exception, delegate any responsibility with respect to Awards intended to
qualify for the Performance-Based Exception. All determinations by the Committee as to the achievement of the Performance Measure(s) shall be in writing prior to payment of the Award. 

In the event that Applicable Laws change to permit Committee discretion to alter the governing performance measures without obtaining
shareholder approval of such changes, and still qualify for the Performance-Based Exception, the Committee shall have sole discretion to make such changes without obtaining shareholder approval. 

Article 5 
 Eligibility
and General Conditions of Awards 
 5.1 Eligibility. The Committee may in its discretion grant Awards to any Eligible Person,
whether or not he or she has previously received an Award. No Award may be granted at a time when such grant would constitute a breach of Applicable Law. 

5.2 Award Agreement. To the extent not set forth in the Plan, the terms and conditions of each Award shall be set forth in an Award
Agreement and, unless the Committee determines otherwise, such Agreement must be signed, acknowledged and returned by the Participant to the Company. Unless the Committee determines otherwise, any failure by the Participant to sign and return the
Agreement within such period of time following the granting of the Award as the Committee shall prescribe shall cause such Award to the Participant to be null and void. By accepting an Award or other benefits under the Plan (including participation
in the Plan), each Participant shall be conclusively deemed to have indicated acceptance and ratification of, and consented to, all provisions of the Plan and the Agreement. 

5.3 General Terms and Termination of Affiliation. The Committee may impose on any Award or the exercise or settlement thereof, at the
date of grant or, subject to the provisions of Section 16.2, thereafter, such additional terms and conditions not inconsistent with the provisions of the Plan as the Committee shall determine, including terms requiring forfeiture or

  
 16 

 
transfer, acceleration or pro-rata acceleration of Awards in the event of a Termination of Affiliation by the Grantee. Awards may be granted for no
consideration other than prior and future services save that in no event will Shares the subject to Award be allotted and issued unless the nominal value per Share is paid in cash, save to the extent permitted by Applicable Law. Except as otherwise
determined by the Committee pursuant to this Section 5.3, all Options that have not been exercised, or any other Awards that remain subject to a risk of forfeiture or which are not otherwise vested, or which have outstanding Performance
Periods, at the time of a Termination of Affiliation shall be forfeited to the Company. Other than Awards excluded from these minimum requirements as set forth below, no Award or any portion thereof may be granted that will be eligible to vest
earlier than 12 months from the date of grant of the Award and/or have a performance period of less than 12 months, subject to Section 4.2 above. Notwithstanding the foregoing, Awards that result in the issuance of an aggregate of up to 5% of
the Shares available pursuant to Article 4 may be granted under the Plan without regard to such requirements. 
 5.4
Nontransferability of Awards. 
 (a) Each Award and each right under any Award shall be exercisable only by the
Grantee during the Grantee’s lifetime, or, if permissible under Applicable Law, by the Grantee’s guardian or legal representative or by a transferee receiving such Award pursuant to a qualified domestic relations order (a
“QDRO”) as defined in the Code or Title I of the Employee Retirement Income Security Act of 1974, as amended, or the rules thereunder. 

(b) No Award (prior to the time, if applicable, Shares are delivered in respect of such Award), and no right under any Award,
may be assigned, alienated, pledged, attached, sold or otherwise transferred or encumbered by a Grantee otherwise than by will or by the laws of descent and distribution (or in the case of Restricted Shares, to the Company or other Forfeiture
Transferee) or pursuant to a QDRO, and any such purported assignment, alienation, pledge, attachment, sale, transfer or encumbrance shall be void and unenforceable against the Company or any Affiliate; provided that the designation of a beneficiary
to receive benefits in the event of the Grantee’s death shall not constitute an assignment, alienation, pledge, attachment, sale, transfer or encumbrance. 

(c) Notwithstanding subsections (a) and (b) above, to the extent provided in the Award Agreement, Awards (other than
Incentive Stock Options and corresponding Awards), may be transferred, without consideration, to a Permitted Transferee. For this purpose, a “Permitted Transferee” in respect of any Grantee means any member of the Immediate Family
of such Grantee, any trust of which all of the primary beneficiaries are such Grantee or members of his or her Immediate Family, or any partnership (including limited liability companies and similar entities) of which all of the partners or members
are such Grantee or members of his or her Immediate Family; and the “Immediate Family” of a Grantee means the Grantee’s spouse, any person sharing the Grantee’s household (other than a tenant or employee), children,
stepchildren, grandchildren, parents, stepparents, siblings, grandparents, nieces and nephews. Such Award may be exercised by such transferee in accordance with the terms of the Award Agreement. If so determined by the Committee, a Grantee may, in
the manner established by the Committee, designate a beneficiary or beneficiaries to exercise the rights of the Grantee, and to receive any distribution with respect to any Award upon the death of the Grantee. A transferee, beneficiary, guardian,
legal representative or other person claiming any rights under the Plan from or through any Grantee shall be subject to and consistent with the provisions of the Plan and any applicable Award Agreement, except to the extent the Plan and Award
Agreement otherwise provide with respect to such persons, and to any additional restrictions or limitations deemed necessary or appropriate by the Committee. 

(d) Nothing herein shall be construed as requiring the Company or any Affiliate to honor a QDRO except to the extent required
under Applicable Law. 

  
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 5.5 Cancellation and Rescission of Awards. Unless the Award Agreement specifies otherwise,
the Committee may cancel, rescind, suspend, withhold, or otherwise limit or restrict any unexercised or other Award at any time if the Grantee is not in compliance with all applicable provisions of the Award Agreement and the Plan or if the Grantee
has a Termination of Affiliation. 
 5.6 Stand-Alone, Tandem and Substitute Awards. 

(a) Awards granted under the Plan may, in the discretion of the Committee, be granted either alone or in addition to, in tandem
with, or in substitution for, any other Award granted under the Plan unless such tandem or substitution Award would subject the Grantee to tax penalties imposed under Section 409A of the Code; provided that if the stand-alone, tandem or substitute
Award is intended to qualify for the Performance-Based Exception, it must separately satisfy the requirements of the Performance-Based Exception. If an Award is granted in substitution for another Award or any
non-Plan award or benefit, the Committee shall require the surrender of such other Award or non-Plan award or benefit in consideration for the grant of the new Award.
Awards granted in addition to or in tandem with other Awards or non-Plan awards or benefits may be granted either at the same time as or at a different time from the grant of such other Awards or non-Plan awards or benefits; provided, however, that if any SAR is granted in tandem with an Incentive Stock Option, such SAR and Incentive Stock Option must have the same Grant Date, Term and the Exercise Price of
the SAR may not be less than the Exercise Price of the Incentive Stock Option. 
 (b) The Committee may, in its discretion
and on such terms and conditions as the Committee considers appropriate in the circumstances, grant Awards under the Plan (“Substitute Awards”) in substitution for share or stock and share or stock-based awards (“Acquired
Entity Awards”) held by current or former employees or non-employee directors of, or consultants to, another corporation or entity who become Eligible Persons as the result of a merger or
consolidation of the employing corporation or other entity (the “Acquired Entity”) with the Company or an Affiliate or the acquisition by the Company or an Affiliate of property or shares or stock of the Acquired Entity immediately
prior to such merger, consolidation or acquisition in order to preserve for the Grantee the economic value of all or a portion of such Acquired Entity Award at such price as the Committee determines necessary to achieve preservation of economic
value. The limitations of Sections 4.1 and 4.3 on the number of Shares reserved or available for grants shall not apply to Substitute Awards granted under this Section 5.6(b). 

5.7 Compliance with Rule 16b-3. The provisions of this Section 5.7 will apply to Awards as
applicable. 
 (a) Unless a Grantee could otherwise dispose of or exercise a derivative security or dispose of Shares
delivered under the Plan without incurring liability under Section 16(b) of the Exchange Act, the Committee may advise or require a Grantee to comply with the following in order to avoid incurring liability under Section 16(b) of the Exchange Act:
(i) at least six months must elapse from the date of acquisition of a derivative security under the Plan to the date of disposition of the derivative security (other than upon exercise or conversion) or its underlying equity security, and
(ii) Shares granted or awarded under the Plan other than upon exercise or conversion of a derivative security must be held for at least six months from the date of grant of an Award. 

(b) To the extent the Committee determines that a grant or other transaction by a Section 16 Person should comply with
applicable provisions of Rule 16b-3 (except for transactions exempted under alternative Exchange Act rules), the Committee shall take such actions as necessary to make such grant or other transaction so
comply, and if any provision of this Plan or any Award Agreement relating to a given Award does not comply with the requirements of Rule 16b-3 as then applicable to any such grant or transaction, such
provision will be construed or deemed amended, if the Committee so determines, to the extent necessary to conform to the then applicable requirements of Rule 16b-3. 

(c) Any function relating to a Section 16 Person shall be performed solely by the Committee or the Board if necessary to
ensure compliance with applicable requirements of Rule 16b-3, to the extent the Committee determines that such compliance is desired. Each member of the Committee or person acting on behalf of the Committee
shall be entitled to, in good faith, rely or act upon any report or other information furnished to him by any officer, manager or other employee of the Company or any Affiliate, the Company’s independent certified public accountants or any
executive compensation consultant or attorney or other professional retained by the Company to assist in the administration of the Plan. 

  
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 5.8 Deferral of Award Payouts. The Committee may permit a Grantee to defer, or if and to
the extent specified in an Award Agreement require the Grantee to defer, receipt of the payment of cash or the delivery of Shares that would otherwise be due by virtue of the lapse or waiver of restrictions with respect to Restricted Stock Units,
the satisfaction of any requirements or goals with respect to Performance Units or Performance Shares, the lapse or waiver of the deferral period for Deferred Stock, or the lapse or waiver of restrictions with respect to Other Stock-Based Awards or
Cash Incentive Awards. If the Committee permits such deferrals, the Committee shall establish rules and procedures for making such deferral elections and for the payment of such deferrals, which shall conform in form and substance with applicable
regulations promulgated under Section 409A of the Code and Article 17 to ensure that the Grantee is not subjected to tax penalties under Section 409A of the Code with respect to such deferrals. Except as otherwise provided in an Award Agreement, any
payment or any Shares that are subject to such deferral shall be made or delivered to the Grantee as specified in the Award Agreement or pursuant to the Grantee’s deferral election. 

Article 6 
 Stock Options

 6.1 Grant of Options. Subject to and consistent with the provisions of the Plan, Options may be granted to any Eligible Person
in such number, and upon such terms, and at any time and from time to time as shall be determined by the Committee. 
 6.2 Award
Agreement. Each Option grant shall be evidenced by an Award Agreement that shall specify the Exercise Price, the Term of the Option, the number of Shares to which the Option pertains, the time or times at which such Option shall be exercisable
and such other provisions as the Committee shall determine. No Option may be exercised at a time when such exercise and/or the issuance of Shares pursuant to such exercise would be in breach of Applicable Law. 

6.3 Option Exercise Price. The Exercise Price of an Option under this Plan shall be determined in the sole discretion of the Committee
but may not be less than 100% of the Fair Market Value of a Share on the Grant Date and in no event will be less than the nominal value per Share. 

6.4 Grant of Incentive Stock Options. At the time of the grant of any Option, the Committee may in its discretion designate that such
Option shall be made subject to additional restrictions to permit it to qualify as an Incentive Stock Option. Any Option designated as an Incentive Stock Option: 

(a) shall be granted only to an employee of the Company or a Subsidiary Corporation; 

  
 19 

 (b) shall have an Exercise Price of not less than 100% of the Fair Market Value
of a Share on the Grant Date, and, if granted to a person who owns capital stock (including stock treated as owned under Section 424(d) of the Code) possessing more than 10% of the total combined voting power of all classes of capital stock of the
Company or any Subsidiary Corporation (a “More Than 10% Owner”), have an Exercise Price not less than 110% of the Fair Market Value of a Share on its Grant Date; 

(c) shall be for a period of not more than 10 years (five years if the Grantee is a More Than 10% Owner) from its Grant Date,
and shall be subject to earlier termination as provided herein or in the applicable Award Agreement; 
 (d) shall not have an
aggregate Fair Market Value (as of the Grant Date) of the Shares with respect to which Incentive Stock Options (whether granted under the Plan or any other stock option plan of the Grantee’s employer or any parent or Subsidiary Corporation
(“Other Plans”)) are exercisable for the first time by such Grantee during any calendar year (“Current Grant”), determined in accordance with the provisions of Section 422 of the Code, which exceeds $100,000 (the
“$100,000 Limit”); 
 (e) shall, if the aggregate Fair Market Value of the Shares (determined on the Grant Date)
with respect to the Current Grant and all Incentive Stock Options previously granted under the Plan and any Other Plans which are exercisable for the first time during a calendar year (“Prior Grants”) would exceed the $100,000 Limit, be,
as to the portion in excess of the $100,000 Limit, exercisable as a separate option that is not an Incentive Stock Option at such date or dates as are provided in the Current Grant; 

(f) shall require the Grantee to notify the Committee of any disposition of any Shares delivered pursuant to the exercise of
the Incentive Stock Option under the circumstances described in Section 421(b) of the Code (relating to holding periods and certain disqualifying dispositions) (“Disqualifying Disposition”) within 10 days of such a Disqualifying
Disposition; 
 (g) shall by its terms not be assignable or transferable other than by will or the laws of descent and
distribution and may be exercised, during the Grantee’s lifetime, only by the Grantee; provided, however, that the Grantee may, to the extent provided in the Plan in any manner specified by the Committee, designate in writing a beneficiary to
exercise his or her Incentive Stock Option after the Grantee’s death; and 
 (h) shall, if such Option nevertheless
fails to meet the foregoing requirements, or otherwise fails to meet the requirements of Section 422 of the Code for an Incentive Stock Option, be treated for all purposes of this Plan, except as otherwise provided in subsections (d) and
(e) above, as an Option that is not an Incentive Stock Option. 
 Notwithstanding the foregoing and Section 3.2, the Committee may,
without the consent of the Grantee, at any time before the exercise of an Option (whether or not an Incentive Stock Option), take any action necessary to prevent such Option from being treated as an Incentive Stock Option. No Option that is intended
to be an Incentive Stock Option shall be invalid for failure to qualify as an Incentive Stock Option. 
 6.5 Payment of Exercise
Price. Except as otherwise provided by the Committee in an Award Agreement, Options shall be exercised by the delivery of a written notice of exercise to the Company, setting forth the number of Shares with respect to which the Option is to be
exercised, accompanied by full payment for the Shares made by any one or more of the following means: 
 (a) cash, personal
check, cash equivalent or wire transfer; 
 (b) subject to Applicable Law and with the approval of the Committee, by delivery
of Shares owned by the Grantee prior to exercise, valued at their Fair Market Value on the date of exercise; 

  
 20 

 (c) subject to Applicable Law and with the approval of the Committee, Shares
acquired upon the exercise of such Option, such Shares valued at the their Fair Market Value on the date of exercise; 
 (d)
subject to Applicable Law and with the approval of the Committee, Restricted Shares held by the Grantee prior to the exercise of the Option, each such share valued at the Fair Market Value of a Share on the date of exercise; or 

(e) subject to Applicable Law (including the prohibited loan provisions of Section 402 of the Sarbanes Oxley Act of 2002),
through the sale of the Shares acquired on exercise of the Option through a broker-dealer to whom the Grantee has submitted an irrevocable notice of exercise and irrevocable instructions to deliver promptly to the Company the amount of sale proceeds
sufficient to pay for such Shares, together with, if requested by the Company, the amount of federal, state, local or foreign withholding taxes payable by Grantee by reason of such exercise. 

The Committee may in its discretion specify that, if any Restricted Shares (“Tendered Restricted Shares”) are used to pay the
Exercise Price, (x) all the Shares acquired on exercise of the Option shall be subject to the same restrictions as the Tendered Restricted Shares, determined as of the date of exercise of the Option, or (y) a number of Shares acquired on
exercise of the Option equal to the number of Tendered Restricted Shares shall be subject to the same restrictions as the Tendered Restricted Shares, determined as of the date of exercise of the Option. 

Article 7 
 Stock
Appreciation Rights 
 7.1 Issuance. Subject to and consistent with the provisions of the Plan, the Committee, at any time and
from time to time, may grant SARs to any Eligible Person either alone or in addition to other Awards granted under the Plan. Such SARs may, but need not, be granted in connection with a specific Option granted under Article 6. The Committee may
impose such conditions or restrictions on the exercise of any SAR as it shall deem appropriate. 
 7.2 Award Agreements. Each SAR
grant shall be evidenced by an Award Agreement in such form as the Committee may approve and shall contain such terms and conditions not inconsistent with other provisions of the Plan as shall be determined from time to time by the Committee. 

7.3 SAR Exercise Price. The Exercise Price of a SAR shall be determined by the Committee in its sole discretion; provided that the
Exercise Price shall not be less than 100% of the Fair Market Value of a Share on the date of the grant of the SAR. 
 7.4 Exercise and
Payment. Upon the exercise of an SAR, a Grantee shall be entitled to receive payment from the Company in an amount determined by multiplying: 

(a) The excess of the Fair Market Value of a Share on the date of exercise over the Exercise Price; by 

(b) The number of Shares with respect to which the SAR is exercised. 

SARs shall be deemed exercised on the date written notice of exercise in a form acceptable to the Committee is received by the Secretary of
the Company. The Company shall make payment in respect of any SAR within five (5) days of the date the SAR is exercised. Any payment by the Company in respect of a SAR may be made in cash, Shares, other property, or any combination thereof, as
the Committee, in its sole discretion, shall determine. 

  
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 7.5 Grant Limitations. The Committee may at any time impose any other limitations upon the
exercise of SARs which, in the Committee’s sole discretion, are necessary or desirable in order for Grantees to qualify for an exemption from Section 16(b) of the Exchange Act. 

Article 8 
 Restricted
Shares 
 8.1 Grant of Restricted Shares. Subject to and consistent with the provisions of the Plan, the Committee, at any time
and from time to time, may grant Restricted Shares to any Eligible Person in such amounts as the Committee shall determine. 
 8.2 Award
Agreement. Each grant of Restricted Shares shall be evidenced by an Award Agreement that shall specify the Period(s) of Restriction, the number of Restricted Shares granted, and such other provisions as the Committee shall determine. The
Committee may impose such conditions and/or restrictions on any Restricted Shares granted pursuant to the Plan as it may deem advisable, including restrictions based upon the achievement of specific performance goals, time-based restrictions on
vesting following the attainment of the performance goals, and/or restrictions under Applicable Law; provided that such conditions and/or restrictions may lapse, if so determined by the Committee, in the event of the Grantee’s Termination of
Affiliation due to death, Disability, or involuntary termination by the Company or an Affiliate without Cause. 
 8.3 Consideration for
Restricted Shares. The Committee shall determine the amount, if any, that a Grantee shall pay for Restricted Shares provided that it shall be no less than the nominal value per Restricted Share. 

8.4 Effect of Forfeiture. If Restricted Shares are Forfeited, and if the Grantee was required to pay for such shares or acquired such
Restricted Shares upon the exercise of an Option, the Grantee shall be deemed to have resold such Restricted Shares to the Forfeiture Transferee at a price equal to the lesser of (x) the amount paid by the Grantee for such Restricted Shares, or
(y) the Fair Market Value of a Share on the date of such Forfeiture. The Forfeiture Transferee shall pay to the Grantee the deemed sale price as soon as is administratively practical. Such Restricted Shares shall cease to be outstanding and
shall no longer confer on the Grantee thereof any rights as a shareholder of the Company, from and after the date of the event causing the Forfeiture, whether or not the Grantee accepts the Company’s tender of payment for such Restricted
Shares. 
 8.5 Voting and Dividend Equivalent Rights Attributable to Restricted Shares. A Grantee awarded Restricted Shares will have
all voting rights with respect to such Restricted Shares. Unless the Committee determines and sets forth in the Award Agreement that Grantee will not be entitled to receive any dividends with respect to such Restricted Shares, a Grantee will have
the right to receive all dividends in respect of such Restricted Shares, which dividends shall be either deemed reinvested in additional shares of Restricted Shares, which shall remain subject to the same forfeiture conditions applicable to the
Restricted Shares to which such dividends relate, or paid in cash if and at the time the Restricted Shares are no longer subject to forfeiture, as the Committee shall set forth in the Award Agreement. No dividends may be paid with respect to
Restricted Shares that are Forfeited. 

  
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 8.6 Escrow; Legends. The Committee may provide that the certificates for any Restricted
Shares if certified (x) shall be held (together with a stock transfer form executed in blank by the Grantee) in escrow by the Secretary of the Company until such Restricted Shares become non-Forfeitable
or are Forfeited and/or (y) shall bear an appropriate legend restricting the transfer of such Restricted Shares under the Plan. If any Restricted Shares become nonforfeitable, the Company shall cause certificates for such shares to be delivered
without such legend. 
 Article 9 

Performance Units and Performance Shares 

9.1 Grant of Performance Units and Performance Shares. Subject to and consistent with the provisions of the Plan, Performance Units or
Performance Shares may be granted to any Eligible Person in such amounts and upon such terms, and at any time and from time to time, as shall be determined by the Committee. 

9.2 Value/Performance Goals. The Committee shall set performance goals in its discretion which, depending on the extent to which they
are met, will determine the number or value of Performance Units or Performance Shares that will be paid to the Grantee. With respect to Covered Employees and to the extent the Committee deems it appropriate to comply with Section 162(m) of the
Code, all performance goals shall be objective Performance Measures satisfying the requirements for the Performance-Based Exception and shall be set by the Committee within the time period prescribed by Section 162(m) of the Code and related
regulations. 
 (a) Each Performance Unit shall have an initial value that is established by the Committee at the time of
grant. 
 (b) Each Performance Share shall have an initial value equal to the Fair Market Value of a Share on the date of
grant. 
 9.3 Earning of Performance Units and Performance Shares. After the applicable Performance Period has ended, the holder of
Performance Units or Performance Shares shall be entitled to payment based on the level of achievement of performance goals set by the Committee. If a Performance Unit or Performance Share Award is intended to comply with the Performance-Based
Exception, the Committee shall certify the level of achievement of the performance goals in writing before the Award is settled. 
 At the
discretion of the Committee, the settlement of Performance Units or Performance Shares may be in cash, Shares of equivalent value, or in some combination thereof, as set forth in the Award Agreement provided that if is to be in Shares, issuance of
the Shares shall be subject to payment by the Grantee in cash of the nominal value for each Share so issued. 
 If a Grantee is promoted,
demoted or transferred to a different business unit of the Company during a Performance Period, then, to the extent the Committee determines that the Award, the performance goals, or the Performance Period are no longer appropriate, the Committee
may adjust, change, eliminate or cancel the Award, the performance goals, or the applicable Performance Period, as it deems appropriate in order to make them appropriate and comparable to the initial Award, the performance goals, or the Performance
Period. 

  
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 Unless the Committee determines and sets forth in the Award Agreement that a Grantee will not be
entitled to receive any dividends or Dividend Equivalents declared with respect to Shares deliverable in connection with grants of Performance Units or Performance Shares, the Grantee shall have the right to vote the Shares in respect of such
Performance Shares and the right to receive any dividends or Dividend Equivalents in respect of such Performance Units and Performance Shares, which dividends and Dividend Equivalents shall either be deemed reinvested in additional Shares of
Performance Units or Performance Shares, as applicable, which shall remain subject to the same forfeiture conditions applicable to the Performance Units or Performance Shares to which such dividends and Dividend Equivalents relate, or paid in cash
if and at the time the Performance Units or Performance Shares are payable and/or no longer subject to forfeiture, as the Committee shall set forth in the Award Agreement. No dividends or Dividend Equivalents may be paid on Performance Units or
Performance Shares that are forfeited. 
 Article 10 

Deferred Stock and Restricted Stock Units 

10.1 Grant of Deferred Stock and Restricted Stock Units. Subject to and consistent with the provisions of the Plan, the Committee, at
any time and from time to time, may grant Deferred Stock and/or Restricted Stock Units to any Eligible Person, in such amount and upon such terms as the Committee shall determine. Deferred Stock must conform in form and substance with applicable
regulations promulgated under Section 409A of the Code and with Article 17 to ensure that the Grantee is not subjected to tax penalties under Section 409A of the Code with respect to such Deferred Stock. 

10.2 Vesting and Delivery. 

(a) Delivery of Shares subject to a Deferred Stock grant will occur upon expiration of the deferral period or upon the
occurrence of one or more of the distribution events described in Section 409A(a)(2) of the Code as specified by the Committee in the Grantee’s Award Agreement for the Award of Deferred Stock. An Award of Deferred Stock may be subject to such
substantial risk of forfeiture conditions as the Committee may impose, which conditions may lapse at such times or upon the achievement of such objectives as the Committee shall determine at the time of grant or thereafter. Unless otherwise
determined by the Committee, to the extent that the Grantee has a Termination of Affiliation while the Deferred Stock remains subject to a substantial risk of forfeiture, such Deferred Shares shall be forfeited, unless the Committee determines that
such substantial risk of forfeiture shall lapse in the event of the Grantee’s Termination of Affiliation due to death, Disability, or involuntary termination by the Company or an Affiliate without “Cause.” 

(b) Delivery of Shares subject to a grant of Restricted Stock Units shall occur no later than the 15th day of the third month
following the end of the taxable year of the Grantee or the fiscal year of the Company in which the Grantee’s rights under such Restricted Stock Units are no longer subject to a substantial risk of forfeiture as defined in final regulations
under Section 409A of the Code. Unless otherwise determined by the Committee, to the extent that the Grantee has a Termination of Affiliation while the Restricted Stock Units remains subject to a substantial risk of forfeiture, such Restricted Stock
Units shall be forfeited, unless the Committee determines that such substantial risk of forfeiture shall lapse in the event of the Grantee’s Termination of Affiliation due to death, Disability, or involuntary termination by the Company or an
Affiliate without Cause. 
 10.3 Voting and Dividend Equivalent Rights Attributable to Deferred Stock and Restricted Stock Units. A
Grantee awarded Deferred Stock or Restricted Stock Units will have no voting rights with respect to such Deferred Stock or Restricted Stock Units prior to the delivery of Shares in settlement of such Deferred Stock and/or Restricted Stock Units.
Unless the Committee determines and sets forth in the Award Agreement that a Grantee will not be entitled to receive any such Dividend Equivalents with respect to such Deferred Stock or Restricted 

  
 24 

 
Stock Units, the Grantee will have the right to receive Dividend Equivalents in respect of Deferred Stock and/or Restricted Stock Units, which Dividend Equivalents shall be either deemed
reinvested in additional Shares of Deferred Stock or Restricted Stock Units, as applicable, which shall remain subject to the same forfeiture conditions applicable to the Deferred Stock or Restricted Stock Units to which such Dividend Equivalents
relate, or paid in cash if and at the time the Deferred Stock or Restricted Stock Units are no longer subject to forfeiture and deliverable, as the Committee shall set forth in the Award Agreement. No Dividend Equivalents may be paid on Deferred
Stock or Restricted Stock Units that are Forfeited. 
 Article 11 

Dividend Equivalents 
 The
Committee is authorized to grant Awards of Dividend Equivalents alone or in conjunction with other Awards; provided, however, that no Dividend Equivalents may be granted in conjunction with any grant of Options or SARs, and no Dividend Equivalents
may be paid on any Awards other than Options and SARs unless and until the Awards become vested, nonforfeitable and/or payable. The Committee may provide that Dividend Equivalents not paid in connection with an Award shall either be (i) paid or
distributed in cash when the Dividend Equivalents or Awards to which such Dividend Equivalents relate become vested, nonforfeitable and/or payable or (ii) deemed to have been reinvested in additional Dividends Equivalents or Awards. 

Article 12 
 Bonus Shares

 Subject to the terms of the Plan, the Committee may grant Bonus Shares to any Eligible Person, in such amount and upon such terms and
at any time and from time to time as shall be determined by the Committee. 
 Article 13 

Other Stock-Based Awards 

The Committee is authorized, subject to limitations under Applicable Law, to grant such other Awards that are denominated or payable in,
valued in whole or in part by reference to, or otherwise based on, or related to, Shares, as deemed by the Committee to be consistent with the purposes of the Plan, including Shares awarded which are not subject to any restrictions or conditions,
convertible or exchangeable debt securities or other rights convertible or exchangeable into Shares, and Awards valued by reference to the value of securities of or the performance of specified Affiliates. Subject to and consistent with the
provisions of the Plan, the Committee shall determine the terms and conditions of such Awards. Except as provided by the Committee, Shares delivered pursuant to a purchase right granted under this Article 13 shall be purchased for such
consideration, paid for by such methods and in such forms, including cash, Shares, outstanding Awards or other property, as the Committee shall determine. 

  
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 Article 14 

Non-Employee Director Awards 

Subject to the terms of the Plan, the Committee may grant Awards to any Non-Employee Director, in such
amount and upon such terms and at any time and from time to time as shall be determined by the Committee in its sole discretion. 

Article 15 
 Cash
Incentive Awards 
 15.1 Cash Incentive Awards. Subject to the terms and provisions of the Plan, the Committee, at any time and
from time to time, may grant Cash Incentive Awards to any Eligible Person in such amounts and upon such terms, including the achievement of specific performance goals during the Performance Period, as the Committee may determine. With respect to
Covered Employees and to the extent the Committee deems it appropriate to comply with Section 162(m) of the Code, all performance goals shall be objective Performance Measures satisfying the requirements for the Performance-Based Exception and shall
be set by the Committee within the time period prescribed by Section 162(m) of the Code and related regulations. An Eligible Person may have more than one Cash Incentive Award outstanding at any time. For instance, the Committee may grant an
Eligible Person one Cash Incentive Award with a calendar year or fiscal year Performance Period (an annual incentive bonus) and a separate Cash Incentive Award with a Performance Period that covers more than one calendar or fiscal year (a long-term
cash incentive bonus). 
 15.2 Value of Cash Incentive Awards. Each Cash Incentive Award shall specify a payment amount or payment
range as determined by the Committee. The Committee shall establish performance goals applicable to each Cash Incentive Award in its discretion and the amount that will be paid to the Grantee pursuant to such Cash Incentive Award if the applicable
performance goals for the Performance Period are met. 
 15.3 Payment of Cash Incentive Awards. Payment, if any, with respect to a
Cash Incentive Award shall be made in cash in accordance with the terms of the Award Agreement; provided, however, that if the Award Agreement does not specify a payment date with respect to a Cash Incentive Award, payment of the Cash Incentive
Award will be made no later than the 15th day of the third month following the end of the taxable year of the Grantee or the fiscal year of the Company during which the Performance Period ends. 

15.4 Termination of Affiliation. The Committee shall determine the extent to which a Grantee shall have the right to receive Cash
Incentive Awards following his or her Termination of Affiliation. Such provisions shall be determined in the sole discretion of the Committee, such provisions may be included in an Award Agreement entered into with each Grantee, but need not be
uniform among all Cash Incentive Awards granted pursuant to the Plan, and may reflect distinctions based on the reasons for termination. 

  
 26 

 Article 16 

Amendment, Modification, and Termination 

16.1 Amendment, Modification, and Termination. Subject to Section 16.2, the Board may, at any time and from time to time, alter,
amend, suspend, discontinue or terminate the Plan in whole or in part without the approval of the Company’s shareholders, except that (a) any amendment or alteration shall be subject to the approval of the Company’s shareholders if
such shareholder approval is required by any Applicable Law, and (b) the Board may otherwise, in its discretion, determine to submit other such amendments or alterations to shareholders for approval. 

16.2 Awards Previously Granted. Except as otherwise specifically permitted in the Plan or an Award Agreement, no termination,
amendment, or modification of the Plan shall adversely affect in any material way any Award previously granted under the Plan, without the written consent of the Grantee of such Award. 

Article 17 
 Compliance
with Code Section 409A 
 17.1 Awards Subject to Code Section 409A. The provisions of this Article 17 shall apply to any Award or
portion thereof that is or becomes deferred compensation subject to Code Section 409A (a “409A Award”), notwithstanding any provision to the contrary contained in the Plan or the Award Agreement applicable to such Award. 

17.2 Deferral and/or Distribution Elections. Except as otherwise permitted or required by Code Section 409A, the following rules shall
apply to any deferral and/or elections as to the form or timing of distributions (each, an “Election”) that may be permitted or required by the Committee with respect to a 409A Award: 

(a) Any Election must be in writing and specify the amount being deferred, and the time and form of distribution (i.e., lump
sum or installments) as permitted by this Plan. An Election may but need not specify whether payment will be made in cash, Shares or other property. 

(b) Any Election shall become irrevocable as of the deadline specified by the Committee, which shall not be later than
December 31 of the year preceding the year in which services relating to the Award commence; provided, however, that if the Award qualifies as “performance-based compensation” for purposes of Code Section 409A and is based on services
performed over a period of at least twelve (12) months, then the deadline may be no later than six (6) months prior to the end of such Performance Period. 

(c) Unless otherwise provided by the Committee, an Election shall continue in effect until a written election to revoke or
change such Election is received by the Committee, prior to the last day for making an Election for the subsequent year. 
 17.3
Subsequent Elections. Except as otherwise permitted or required by Code Section 409A, any 409A Award that permits a subsequent Election to further defer the distribution or change the form of distribution shall comply with the following
requirements: 
 (a) No subsequent Election may take effect until at least twelve (12) months after the date on which
the subsequent Election is made; 

  
 27 

 (b) Each subsequent Election related to a distribution upon separation from
service, a specified time, or a change in control as defined in Section 17.4(e) must result in a delay of the distribution for a period of not less than five (5) years from the date such distribution would otherwise have been made; and 

(c) No subsequent Election related to a distribution to be made at a specified time or pursuant to a fixed schedule shall be
made less than twelve (12) months prior to the date the first scheduled payment would otherwise be made. 
 17.4 Distributions
Pursuant to Deferral Elections. Except as otherwise permitted or required by Code Section 409A, no distribution in settlement of a 409A Award may commence earlier than: 

(a) Separation from Service; 

(b) The date the Participant becomes Disabled (as defined in Section 2.14(b); 

(c) The Participant’s death; 

(d) A specified time (or pursuant to a fixed schedule) that is either (i) specified by the Committee upon the grant of the
Award and set forth in the Award Agreement or (ii) specified by the Grantee in an Election complying with the requirements of Section 17.2 and/or 17.3, as applicable; or 

(e) A change in control of the Company within the meaning of Treasury Regulation Section
1.409A-3(h)(5). 
 17.5 Six Month Delay. Notwithstanding anything herein or in any Award
Agreement or Election to the contrary, to the extent that distribution of a 409A Award is triggered by a Grantee’s Separation from Service, if the Grantee is then a “specified employee” (as defined in Treasury Regulation Section 1.409A-1(i)), no distribution may be made before the date which is six (6) months after such Grantee’s Separation from Service, or, if earlier, the date of the Grantee’s death. 

17.6 Death or Disability. Unless the Award Agreement otherwise provides, if a Grantee dies or becomes Disabled before complete
distribution of amounts payable upon settlement of a 409A Award, such undistributed amounts, to the extent vested, shall be distributed as provided in the Participants Election. If the Participant has made no Election with respect to distributions
upon death or Disability, all such distributions shall be paid in a lump sum within 90 days following the date of the Participant’s death or Disability. 

17.7 No Acceleration of Distributions. This Plan does not permit the acceleration of the time or schedule of any distribution under a
409A Award, except as provided by Code Section 409A and/or applicable regulations or rulings issued thereunder. 
 Article 18 

Withholding 
 18.1
Required Withholding. 
 (a) The Committee in its sole discretion may provide that when taxes are to be withheld in
connection with the exercise of an Option or SAR, or upon the lapse of restrictions on Restricted Shares, or 

  
 28 

 
upon the transfer of Shares, or upon payment of any other benefit or right under this Plan (the date on which such exercise occurs or such restrictions lapse or such payment of any other benefit
or right occurs hereinafter referred to as the “Tax Date”), the Grantee may elect to make payment for the withholding of federal, state and local taxes, including Social Security and Medicare (“FICA”) taxes by one
or a combination of the following methods: 
 (i) payment of an amount in cash equal to the amount to be withheld (including
cash obtained through the sale of the Shares acquired on exercise of an Option or SAR, upon the lapse of restrictions on Restricted Shares, or upon the transfer of Shares, through a broker-dealer to whom the Grantee has submitted an irrevocable
instructions to deliver promptly to the Company, the amount to be withheld); 
 (ii) delivering part or all of the amount to
be withheld in the form of Shares valued at its Fair Market Value on the Tax Date; 
 (iii) requesting the Company to
withhold from those Shares that would otherwise be received upon exercise of the Option or SAR, upon the lapse of restrictions on Restricted Stock, or upon the transfer of Shares, a number of Shares having a Fair Market Value on the Tax Date equal
to the amount to be withheld; or 
 (iv) withholding from any compensation otherwise due to the Grantee. 

The Committee in its sole discretion may provide that the maximum amount of tax withholding upon exercise of an Option or SARs,
upon the lapse of restrictions on Restricted Shares, or upon the transfer of Shares, to be satisfied by withholding Shares upon exercise of such Option or SAR, upon the lapse of restrictions on Restricted Shares, or upon the transfer of Shares,
pursuant to clause (iii) above shall not exceed the minimum amount of taxes, including FICA taxes, required to be withheld under federal, state and local law (unless withholding additional amounts will not result in adverse financial accounting
consequences with respect to such Awards). An election by Grantee under this subsection is irrevocable. Any fractional share amount and any additional withholding not paid by the withholding or surrender of Shares must be paid in cash. If no timely
election is made, the Grantee must deliver cash to satisfy all tax withholding requirements. 
 (b) Any Grantee who makes a
Disqualifying Disposition (as defined in Section 6.4(f)) or an election under Section 83(b) of the Code shall remit to the Company an amount sufficient to satisfy all resulting tax withholding requirements in the same manner as set forth in
subsection (a) (other than (a)(iii) above). 
 18.2 Notification under Code Section 83(b). If the Grantee, in connection with the
exercise of any Option, or the grant of Restricted Shares, makes the election permitted under Section 83(b) of the Code to include in such Grantee’s gross income in the year of transfer the amounts specified in Section 83(b) of the Code, then
such Grantee shall notify the Company of such election within 10 days of filing the notice of the election with the Internal Revenue Service, in addition to any filing and notification required pursuant to regulations issued under Section 83(b) of
the Code. The Committee may, in connection with the grant of an Award or at any time thereafter, prohibit a Grantee from making the election described above. 

Article 19 
 Limitation
on Benefits 
 Despite any other provisions of this Plan to the contrary, if the receipt of any payments or benefits under this Plan
would subject a Participant to tax under Code Section 4999, the Committee may determine whether some amount of payments or benefits would meet the definition of a “Reduced Amount.” If the Committee determines

  
 29 

 
that there is a Reduced Amount, the total payments or benefits to the Participant under all Awards must be reduced to such Reduced Amount, but not below zero, with the amounts to be reduced so as
to maximize the aggregate Net After Tax Receipts to the Participant. If the Committee determines that the benefits and payments must be reduced to the Reduced Amount, the Company must promptly notify the Participant of that determination, with a
copy of the detailed calculations by the Committee. All determinations of the Committee under this Article 19 are final, conclusive and binding upon the Company and the Participant. It is the intention of the Company and the Participant to reduce
the payments under this Plan only if the aggregate Net After Tax Receipts to the Participant would thereby be increased. As result of the uncertainty in the application of Code Section 4999 at the time of the initial determination by the
Committee under this Article 19, however, it is possible that amounts will have been paid under the Plan to or for the benefit of a Participant which should not have been so paid (“Overpayment”) or that additional amounts which will
not have been paid under the Plan to or for the benefit of a Participant could have been so paid (“Underpayment”), in each case consistent with the calculation of the Reduced Amount. If the Committee, based either upon the assertion
of a deficiency by the Internal Revenue Service against the Company or the Participant, which the Committee believes has a high probability of success, or controlling precedent or other substantial authority, determines that an Overpayment has been
made, any such Overpayment must be treated for all purposes as a loan, to the extent permitted by applicable law, which the Participant must repay to the Company together with interest at the applicable federal rate under Code Section 7872(f)(2);
provided, however, that no such loan may be deemed to have been made and no amount shall be payable by the Participant to the Company if and to the extent such deemed loan and payment would not either reduce the amount on which the Participant is
subject to tax under Code Section 1, 3101 or 4999 or generate a refund of such taxes. If the Committee, based upon controlling precedent or other substantial authority, determines that an Underpayment has occurred, the Committee must promptly
notify the Company of the amount of the Underpayment, which then shall be paid promptly to the Participant but no later than the end of the Participant’s taxable year next following the Participant’s taxable year in which the determination
is made that the underpayment has occurred. For purposes of this Article 19, (i) “Net After Tax Receipt” means the Present Value of a payment under this Plan net of all taxes imposed on Participant with respect thereto under Code
Sections 1, 3101 and 4999, determined by applying the highest marginal rate under Code Section 1 which applies to the Participant’s taxable income for the applicable taxable year; (ii) “Present Value” means the value
determined in accordance with Code Section 280G(d)(4) and (iii) “Reduced Amount” means the smallest aggregate amount of all payments and benefits under this Plan which (a) is less than the sum of all payments and benefits under
this Plan and (b) results in aggregate Net After Tax Receipts which are equal to or greater than the Net After Tax Receipts which would result if the aggregate payments and benefits under this Plan were any other amount less than the sum of all
payments and benefits to be made under this Plan. 
 Article 20 

Additional Provisions 

20.1 Successors. All obligations of the Company under the Plan with respect to Awards granted hereunder shall be binding on any
successor to the Company, whether the existence of such successor is the result of a direct or indirect purchase, merger, consolidation, or otherwise of all or substantially all of the business and/or assets of the Company. 

20.2 Severability. If any part of the Plan is declared by any court or governmental authority to be unlawful or invalid, such
unlawfulness or invalidity shall not invalidate any other part of the Plan. Any Section or part of a Section so declared to be unlawful or invalid shall, if possible, be construed in a manner which will give effect to the terms of such Section or
part of a Section to the fullest extent possible while remaining lawful and valid. 
 20.3 Requirements of Law. The granting of
Awards and the delivery of Shares under the Plan shall be subject to all Applicable Laws, rules, and regulations, and to such approvals by any governmental agencies or national securities exchanges as may be required. Notwithstanding any provision
of the Plan or any Award, Grantees shall not be entitled to exercise, or receive benefits under, any Award, and the Company (and any Affiliate) shall not 

  
 30 

 
be obligated to deliver any Shares or deliver benefits to a Grantee, if such exercise or delivery would constitute a violation by the Grantee or the Company of any Applicable Law or regulation.

 20.4 Securities Law Compliance. 

(a) If the Committee deems it necessary to comply with any Applicable Law, the Committee may impose any restriction on Awards
or Shares acquired pursuant to Awards under the Plan as it may deem advisable. In addition, if requested by the Company and any underwriter engaged by the Company, Shares acquired pursuant to Awards may not be sold or otherwise transferred or
disposed of for such period following the effective date of any registration statement of the Company filed under the Securities Act as the Company or such underwriter shall specify reasonably and in good faith, not to exceed 180 days in the case of
the Company’s initial public offering or 90 days in the case of any other public offering. All certificates for Shares delivered under the Plan pursuant to any Award or the exercise thereof shall be subject to such stop transfer orders and
other restrictions as the Committee may deem advisable under the rules, regulations and other requirements of the SEC, any stock exchange upon which Shares are then listed, any applicable securities law, and the Committee may cause a legend or
legends to be put on any such certificates to make appropriate reference to such restrictions. If so requested by the Company, the Grantee shall make a written representation to the Company that he or she will not sell or offer to sell any Shares
unless a registration statement shall be in effect with respect to such Shares under the Securities Act of 1933, as amended, and any applicable state securities law or unless he or she shall have furnished to the Company, in form and substance
satisfactory to the Company, that such registration is not required. 
 (b) If the Committee determines that the exercise or
nonforfeitability of, or delivery of benefits pursuant to, any Award would violate any Applicable Law, then the Committee may postpone any such exercise, nonforfeitability or delivery, as applicable, but the Company shall use all reasonable efforts
to cause such exercise, nonforfeitability or delivery to comply with all such provisions at the earliest practicable date. 
 20.5 No
Rights as a Shareholder. No Grantee shall have any rights as a shareholder of the Company with respect to the Shares (other than Restricted Shares) which may be deliverable upon exercise or payment of such Award until such Shares have been
delivered to him or her. Restricted Shares, whether held by a Grantee or in escrow by the Secretary of the Company, shall confer on the Grantee all rights of a shareholder of the Company, except as otherwise provided in the Plan or Award Agreement.
The Committee may in its discretion provide for payment of interest on deferred cash dividends. 
 20.6 Employee Status. If the terms
of any Award provide that it may be exercised or paid only during employment or continued service or within a specified period of time after termination of employment or continued service, the Committee may decide to what extent leaves of absence
for governmental or military service, illness, temporary disability, or other reasons shall not be deemed interruptions of continuous employment or service. For purposes of the Plan, employment and continued service shall be deemed to exist between
the Participant and the Company and/or an Affiliate if, at the time of the determination, the Participant is a director, officer, employee, consultant or advisor of the Company or an Affiliate. A Participant on military leave, sick leave or other
bona fide leave of absence shall continue to be considered an employee for purposes of the Plan during such leave if the period of leave does not exceed three months, or, if longer, so long as the individual’s right to re-employment with the Company or any of its Affiliates is guaranteed either by statute or by contract. If the period of leave exceeds three months, and the individual’s right to
re-employment is not guaranteed by statute or by contract, the employment shall be deemed to be terminated on the first day after the end of such three-

  
 31 

 
month period. Except as may otherwise be expressly provided in an Agreement, Awards granted to a director, officer, employee, consultant or adviser shall not be affected by any change in the
status of the Participant so long as the Participant continues to be a director, officer, employee, consultant or advisor to the Company or any of its Affiliates (regardless of having changed from one to the other or having been transferred from one
entity to another). The Participant’s employment or continued service shall not be considered interrupted in the event the Committee, in its discretion and as specified at or prior to such occurrence, determines there is no interruption in the
case of a spin-off, sale or disposition of the Participant’s employer from the Company or an Affiliate, except that if the Committee does not otherwise specify such at or such prior to such occurrence,
the Participant will be deemed to have a termination of employment or continuous service to the extent the Affiliate that employs the Participant is no longer the Company or an entity that qualifies as an Affiliate. 

20.7 Nature of Payments. Unless otherwise specified in the Award Agreement, Awards shall be special incentive payments to the Grantee
and shall not be taken into account in computing the amount of salary or compensation of the Grantee for purposes of determining any pension, retirement, death or other benefit under (a) any pension, retirement, profit sharing, bonus, insurance
or other employee benefit plan of the Company or any Affiliate, except as such plan shall otherwise expressly provide, or (b) any agreement between (i) the Company or any Affiliate and (ii) the Grantee, except as such agreement shall
otherwise expressly provide. 
 20.8 Non-Exclusivity of Plan. Neither the adoption of the
Plan by the Board nor its submission to the shareholders of the Company for approval shall be construed as creating any limitations on the power of the Board to adopt such other compensatory arrangements for employees or Non-Employee Directors as it may deem desirable. 
 20.9 Governing Law. The Plan, and all
agreements hereunder, shall be construed in accordance with and governed by the laws of the State of Georgia, other than its laws respecting choice of law. 

20.10 Unfunded Status of Awards; Creation of Trusts. The Plan is intended to constitute an “unfunded” plan for incentive and
deferred compensation. With respect to any payments not yet made to a Grantee pursuant to an Award, nothing contained in the Plan or any Award Agreement shall give any such Grantee any rights that are greater than those of a general creditor of the
Company; provided, however, that the Committee may authorize the creation of trusts or make other arrangements to meet the Company’s obligations under the Plan to deliver cash, Shares or other property pursuant to any Award which trusts or
other arrangements shall be consistent with the “unfunded” status of the Plan unless the Committee otherwise determines. 
 20.11
Affiliation. Nothing in the Plan or an Award Agreement shall interfere with or limit in any way the right of the Company or any Affiliate to terminate any Grantee’s employment or consulting contract at any time, nor confer upon any
Grantee the right to continue in the employ of or as an officer of or as a consultant to the Company or any Affiliate. 
 20.12
Participation. No employee or officer shall have the right to be selected to receive an Award under this Plan or, having been so selected, to be selected to receive a future Award. 

  
 32 

 20.13 Military Service. Awards shall be administered in accordance with Section 414(u) of
the Code and the Uniformed Services Employment and Reemployment Rights Act of 1994. 
 20.14 Construction. The following rules of
construction will apply to the Plan: (a) the word “or” is disjunctive but not necessarily exclusive, and (b) words in the singular include the plural, words in the plural include the singular, and words in the neuter gender
include the masculine and feminine genders and words in the masculine or feminine gender include the other neuter genders. 
 20.15
Headings. The headings of articles and sections are included solely for convenience of reference, and if there is any conflict between such headings and the text of this Plan, the text shall control. 

20.16 Obligations. Unless otherwise specified in the Award Agreement, the obligation to deliver, pay or transfer any amount of money or
other property pursuant to Awards under this Plan shall be the sole obligation of a Grantee’s employer; provided that the obligation to deliver or transfer any Shares pursuant to Awards under this Plan shall be the sole obligation of the
Company. 
 20.17 No Right to Continue in Service or Employment. Nothing in the Plan or any Award Agreement shall confer upon any Non-Employee Director the right to continue to serve as a director of the Company. Nothing contained in the Plan or any Agreement shall confer upon any Participant any right with respect to the continuation of
employment or service by the Company or any Affiliate or interfere in any way with the right of the Company or any Affiliate, subject to the terms of any separate employment agreement to the contrary, at any time to terminate such employment or
service or to increase or decrease the compensation of the Participant. 
 20.18 Miscellaneous. 

(a) No person shall have any claim or right to receive an Award hereunder. The Committee’s granting of an Award to a
Participant at any time shall neither require the Committee to grant any other Award to such Participant or other person at any time or preclude the Committee from making subsequent grants to such Participant or any other person. 

(b) Agreements evidencing Awards under the Plan shall contain such other terms and conditions, not inconsistent with the Plan,
as the Committee may determine in its sole discretion, including penalties for the commission of competitive acts or other actions detrimental to the Company. Notwithstanding any other provision hereof, the Committee shall have the right at any time
to deny or delay a Participant’s exercise of Options or the settlement of an Award if such Participant is reasonably believed by the Committee (i) to be engaged in material conduct adversely affecting the Company or (ii) to be
contemplating such conduct, unless and until the Committee shall have received reasonable assurance that the Participant is not engaged in, and is not contemplating, such material conduct adverse to the interests of the Company. 

(c) Participants are and at all times shall remain subject to the securities trading policies adopted by the Company from time
to time throughout the period of time during which they may exercise Options, Stock Appreciation Rights or sell shares of Company Stock acquired pursuant to the Plan. 

(d) Notwithstanding any other provision of this Plan, (i) the Company shall not be obliged to issue any shares pursuant to
an Award unless at least the par value of such newly issued share has been 

  
 33 

 
fully paid in advance in accordance with Applicable Law (which requirement may mean the holder of an Award is obliged to make such payment) and (ii) the Company shall not be obliged to issue
or deliver any shares in satisfaction of Awards until all legal and regulatory requirements associated with such issue or delivery have been complied with to the satisfaction of the Committee. 

(e) Awards shall be subject to any compensation recovery policy adopted by the Company from time to time, including, without
limitation, policies adopted to comply with Applicable Law. 
 (f) By accepting Awards and as a condition to the exercise of
Awards and the enjoyment of any benefits of the Plan, including participation therein, each Participant agrees to be bound by and subject to non-competition, confidentiality and invention ownership agreements
acceptable to the Committee or any officer or director to whom the Committee elects to delegate such authority. 
 (g)
Notwithstanding any other provision of the Plan or any Agreement to the contrary, a Participant shall forfeit any and all rights under an Award upon receipt of notice from the Company or an Affiliate that the Participant will incur a Termination of
Affiliation by the Company or such Affiliate for Cause. 

  
 34EX-4.1

 Exhibit 4.1 

BB&T CORPORATION 
 Medium-Term
Notes, Series G (Senior) 
 Officers’ Certificate and Company Order 

Pursuant to the Indenture Regarding Senior Securities, dated as of May 24, 1996, as amended by the First Supplemental Indenture, dated as
of May 4, 2009 (as so amended, and as may be further amended or supplemented from time to time, the “Indenture”), between BB&T Corporation, a North Carolina corporation (the “Company”), and
U.S. Bank National Association, a national banking association (as successor to the corporate trust business of State Street and Trust Company), as Trustee (the “Trustee”), and to resolutions adopted by the Company’s
Board of Directors on April 22, 2008, August 24, 2010, June 21, 2011, April 24, 2012, June 24, 2014 and June 27, 2017, this Officers’ Certificate and Company Order (“Officers’
Certificate”) is being delivered to the Trustee to establish the terms of a series of Securities in accordance with Section 2.01 of the Indenture, to establish the forms of the Securities of such series in accordance with
Section 2.01 of the Indenture, and to establish the procedures for the authentication and delivery of specific Securities from time to time pursuant to Section 2.04 of the Indenture. This Officers’ Certificate shall be treated for all
purposes under the Indenture as a supplemental indenture thereto. 
 All conditions precedent provided for in the Indenture relating to the
establishment of (i) a series of Securities, (ii) the forms of such series of Securities, and (iii) the procedures for the authentication and delivery of such series of Securities have been complied with. 

Capitalized terms used herein and not otherwise defined herein shall have the meanings assigned to them in the Indenture. References herein to
the “Agents” are to the Agents as defined in that certain Distribution Agreement, dated June 30, 2017, between the Company and such Agents, pursuant to which the Notes (as defined herein) may be sold, and such other
persons who may from time to time act as Agents with respect to the Notes. 
 A. Establishment of Series pursuant to Section 2.01 of
the Indenture. 
 There is hereby established pursuant to Section 2.01 of the Indenture a series of Securities which shall have the
following terms: 
 (1) The Securities of such series shall bear the title “Medium-Term Notes, Series G (Senior)”
(referred to herein as the “Notes”). 
 (2) The aggregate principal amount of the Notes of such series to be issued
pursuant to this Officers’ Certificate is unlimited. 
 (3) Interest will be payable to the person in whose name a Note (or one or more
predecessor Notes) is registered at the close of business on the Regular Record Date (as defined below) next preceding each Interest Payment Date (as defined below); provided, however, that interest payable at maturity or upon redemption will
be payable to the person to whom principal shall be payable. 

 (4) Each Note within such series shall mature on a date nine months or more from its date of
issue as specified in such Note and in the applicable Pricing Supplement; provided, however, that no Commercial Paper Rate Note (as defined below) shall mature less than nine months and one day from its date of issue. If the Maturity Date or
Redemption Date specified in the applicable Pricing Supplement for any Note is a day that is not a Business Day, interest, principal and premium, if any, will be paid on the next day that is a Business Day with the same force and effect as if made
on such specified Maturity Date or Redemption Date, as applicable. 
 With respect to the Notes of this series, “Business
Day” has the following meanings, unless the applicable Pricing Supplement specifies otherwise: 
  

	 	•	 	for LIBOR Notes issued in U.S. dollars, any day that is not a Saturday or Sunday or Federal Reserve holiday and that is not a day that banking institutions in New York City or Winston-Salem, North Carolina are generally
authorized or obligated by law or executive order to close, and is also a London Business Day, and with respect to an Interest Determination Date, a London Business Day; 

 

	 	•	 	for Notes denominated in euro, any day that is not a Saturday or Sunday or Federal Reserve holiday and that is not a day that banking institutions in New York City or Winston-Salem, North Carolina are generally
authorized or obligated by law or executive order to close, and that is not a day that banking institutions in London are generally authorized or obligated by law or executive order to close, and is also a day on which TARGET 2 is open for the
settlement of payment in euro, which will be referred to as a “TARGET business day”; 

  

	 	•	 	for Notes denominated in a Specified Currency other than euro, any day that is not a Saturday or Sunday or Federal Reserve holiday and that is not a day that banking institutions in New York City or Winston-Salem, North
Carolina are generally authorized or obligated by law or executive order to close, and is also a day on which commercial banks and foreign exchange markets settle payments in the Principal Financial Center of the country of the relevant Specified
Currency (if other than New York City); and 

  

	 	•	 	in all other instances, any day that is not a Saturday or Sunday or Federal Reserve holiday and that is not a day that banking institutions in New York City or Winston-Salem, North Carolina are generally authorized or
obligated by law or executive order to close. 

 Unless otherwise specified in the applicable Pricing Supplement, the
“Principal Financial Center” of any country for the purpose of the foregoing definition means (1) the capital city of the country issuing the specified currency, or (2) the capital city of the country to which the
designated LIBOR currency relates, as applicable, except, in the case of (1) or (2) above, that with respect to United States dollars, Australian dollars, Canadian dollars, euro, New 

  
 2 

 
Zealand dollars, South African rand and Swiss francs, the “Principal Financial Center” shall be The City of New York and (solely in the case of the specified currency) Sydney, Toronto,
London (solely in the case of the designated LIBOR currency), Wellington, Johannesburg and Zurich, respectively. 
 “London
Business Day” means any day on which dealings in U.S. dollars are transacted in the London interbank market. “TARGET 2” is the Trans-European Automated Real Time Gross Settlement Express Transfer payment system
which utilizes a single shared platform and which was launched on November 19, 2007. 
 (5) Each Note within such series that bears
interest will bear interest at either (a) a fixed rate (such Notes being referred to as the “Fixed Rate Notes”); (b) a floating rate determined by reference to one or more base rates, which may be adjusted by a
Spread and/or Spread Multiplier (each as defined below) (such Notes being referred to as the “Floating Rate Notes”); or (c) any combination of (a) and (b). Notes within such series may also be issued as
“Zero Coupon Notes” which do not provide for any periodic payments of interest. Notes may be issued as “Original Issue Discount Notes” at a discount from the principal amount thereof due at the stated
maturity as specified in the applicable Pricing Supplement. Any Floating Rate Note may also have either or both of the following as set forth in the applicable Pricing Supplement: (i) a maximum interest rate limitation, or ceiling, on the rate
at which interest will accrue during any Interest Reset Period (a “Maximum Interest Rate”); and (ii) a minimum interest rate limitation, or floor, on the rate at which interest will accrue during any Interest Reset
Period (a “Minimum Interest Rate”). The interest rate on a Note will in no event be higher than the maximum rate permitted by New York law as the same may be modified by United States law of general application. Under present
New York law, the maximum rate of interest, with certain exceptions, is 16% per annum on a simple interest basis for securities in which less than $250,000 has been invested and 25% per annum on a simple interest basis for securities in
which $250,000 or more has been invested. This limit may not apply to securities in which $2,500,000 or more has been invested. The interest rate on a Note will in no event be lower than zero. The applicable Pricing Supplement may designate any of
the following base rates (“Base Rates”) as applicable to each Floating Rate Note: (a) the Commercial Paper Rate, in which case such Note will be a “Commercial Paper Rate Note”; (b) EURIBOR,
in which case such Note will be a “EURIBOR Note”; (c) the Federal Funds Rate, in which case such Note will be a “Federal Funds Rate Note”; (d) the London interbank offered rate
(“LIBOR”), in which case such Note will be a “LIBOR Note”; (e) the Canadian dollar offered rate (“CDOR”), in which case such Note will be a “CDOR
Note”; (f) the Prime Rate, in which case such Note will be a “Prime Rate Note”; (g) the CD Rate, in which case such Note will be a “CD Rate Note”; (h) the Treasury Rate, in
which case such Note will be a “Treasury Rate Note”; (i) the CMT Rate, in which case such Note will be a “CMT Rate Note”; or (j) one or more other Base Rates. 

The interest rate on each Floating Rate Note for each Interest Period will be determined by reference to the applicable Base Rates specified
in the applicable Pricing Supplement for such Interest Period, plus or minus any applicable Spread and/or multiplied by any applicable Spread Multiplier. The “Spread” is the number of basis points, each one-hundredth of a
percentage point, specified in the applicable Pricing Supplement to be added or subtracted from the Base Rate for that Floating Rate Note. For example, if a Note bears interest at LIBOR plus one basis point, or .01%, and the Calculation Agent (as
defined below) 

  
 3 

 
determines that LIBOR is 5.00% per annum, the Note will bear interest at 5.01% per annum until the next Interest Reset Date (as defined below). The “Spread
Multiplier” is the percentage specified in the applicable Pricing Supplement to be applied to the Base Rate for a Floating Rate Note. For example, if a Note bears interest at 90% of LIBOR, and the Calculation Agent determines that LIBOR
is 5.00% per annum, the Note will bear interest at 4.50% per annum until the next Interest Reset Date. 
 Each Note that bears
interest will bear interest from and including its date of issue (or other specified date on which interest begins to accrue) or from and including the most recent Interest Payment Date on which interest on such Note (or one or more predecessor
Notes) has been paid or duly provided for (i) at the fixed rate per annum applicable to the related Interest Period, (ii) at a rate per annum determined by reference to the Base Rates applicable to the related Interest Period or Interest
Periods, in each case as specified therein and in the applicable Pricing Supplement, until the principal is paid or made available for payment or (iii) as specified in the applicable Pricing Supplement. Interest will be payable on each Interest
Payment Date and at maturity or, if applicable, upon redemption. The first payment of interest on any Note originally issued after a Regular Record Date and on or before an Interest Payment Date will be made on the Interest Payment Date following
the next succeeding Regular Record Date to the registered holder on that next succeeding Regular Record Date. Interest rates and Base Rates are subject to change by the Company from time to time but no such change will affect any Note theretofore
issued or which the Company has agreed to issue. Unless otherwise specified in the applicable Pricing Supplement, the “Interest Payment Dates” and the “Regular Record Dates” for Fixed Rate Notes shall
be as described below under “Fixed Rate Notes,” and the “Interest Payment Dates” and the “Regular Record Dates” for Floating Rate Notes shall be as described below under
“Floating Rate Notes”. 
 The applicable Pricing Supplement will specify, among other things: (i) the issue
price, Interest Payment Dates and Regular Record Dates; (ii) with respect to any Fixed Rate Note, the interest rate; (iii) with respect to any Floating Rate Note, the Initial Interest Rate (as defined below), the method (which may vary
from Interest Period to Interest Period) of calculating the interest rate applicable to each Interest Period (including, if applicable, the fixed rate per annum applicable to one or more Interest Periods), the period to maturity of any instrument on
which the Base Rate for any Interest Period is predicated (the “Index Maturity”), any Spread and/or Spread Multiplier, the Interest Determination Dates, the Interest Reset Dates and any Minimum Interest Rate or Maximum
Interest Rate, whether such Note is an Original Issue Discount Note; (iv) with respect to any Note that has both a fixed interest rate and a floating interest rate, any combination of the foregoing; and (v) any other terms related to
interest on the Notes. 
 Fixed Rate Notes. 

Each Fixed Rate Note, whether or not issued as an Original Issue Discount Note, will bear interest from the date of issue at the annual rate
specified therein and in the applicable Pricing Supplement. Unless otherwise specified in the applicable Pricing Supplement, the Interest Payment Dates for the Fixed Rate Notes will be on February 1 and August 1 of each year and at
maturity or, if applicable, upon redemption, and the Regular Record Dates for the Fixed Rate Notes will be on the day (whether or not a Business Day) 15 calendar days preceding each Interest Payment Date. Unless otherwise specified in the applicable
Pricing Supplement, interest 

  
 4 

 
payments for Fixed Rate Notes shall be the amount of interest accrued to, but excluding, the relevant Interest Payment Date. Unless otherwise specified in the applicable Pricing Supplement,
interest on Fixed Rate Notes will be computed and paid on the basis of a 360-day year of twelve 30-day months. In the event that any Interest Payment Date or any applicable Redemption Date on a Fixed Rate Note is not a Business Day, such Interest
Payment Date or Redemption Date shall be postponed to the next day that is a Business Day, and no interest will accrue for the period from and after the scheduled Interest Payment Date or Redemption Date, as the case may be. 

Floating Rate Notes. 
 Unless otherwise
specified in the applicable Pricing Supplement and except as provided below, interest on Floating Rate Notes will be payable on the following Interest Payment Dates: in the case of Floating Rate Notes with a daily, weekly or monthly Interest Reset
Date, on the third Wednesday of each month of each year; in the case of Floating Rate Notes with a quarterly Interest Reset Date, on the third Wednesday of March, June, September and December of each year; in the case of Floating Rate Notes with a
semi-annual Interest Reset Date, on the third Wednesday of the two months of each year specified in the applicable Pricing Supplement; and in the case of Floating Rate Notes with an annual Interest Reset Date, on the third Wednesday of the month of
each year specified in the applicable Pricing Supplement. Unless the applicable Pricing Supplement specifies otherwise, interest will also be paid at maturity or, if applicable, upon redemption. Unless otherwise specified in the applicable Pricing
Supplement, the Regular Record Dates for the Floating Rate Notes will be the day (whether or not a Business Day) 15 calendar days preceding each Interest Payment Date. In the event that any Interest Payment Date for any Floating Rate Note is not a
Business Day, such Interest Payment Date shall be postponed to the next day that is a Business Day, provided that, for LIBOR Notes and EURIBOR Notes, if such Business Day is in the next calendar month, such Interest Payment Date shall be the
immediately preceding Business Day. 
 The rate of interest on each Floating Rate Note will be reset daily, weekly, monthly, quarterly,
semi-annually or annually (such specified period, an “Interest Reset Period,” and the date on which each such reset occurs, an “Interest Reset Date”), as specified in the applicable Pricing Supplement.
Unless otherwise specified in the applicable Pricing Supplement, the Interest Reset Date will be as follows: in the case of Floating Rate Notes which are reset daily, each Business Day; in the case of Floating Rate Notes (other than Treasury Rate
Notes) which are reset weekly, the Wednesday of each week; in the case of Floating Rate Notes that are Treasury Rate Notes which are reset weekly, the Tuesday of each week (except if the auction date falls on a Tuesday, then the next Business Day);
in the case of Floating Rate Notes which are reset monthly, the third Wednesday of each month; in the case of Floating Rate Notes which are reset quarterly, the third Wednesday of March, June, September and December of each year; in the case of
Floating Rate Notes which are reset semi-annually, the third Wednesday of the two months of each year specified in the applicable Pricing Supplement; and in the case of Floating Rate Notes which are reset annually, the third Wednesday of the month
of each year specified in the applicable Pricing Supplement. 
 The interest rate in effect from the date of issue to the first Interest
Reset Date with respect to a Floating Rate Note (the “Initial Interest Rate”) will be as specified in the 

  
 5 

 
applicable Pricing Supplement. If any Interest Reset Date for any Floating Rate Note is a day that is not a Business Day, such Interest Reset Date shall be postponed to the next day that is a
Business Day, provided that, for LIBOR Notes and EURIBOR Notes, if such Business Day is in the next calendar month, such Interest Reset Date shall be the immediately preceding Business Day. 

Unless otherwise specified in the applicable Pricing Supplement, the interest rate determined with respect to any Interest Determination Date
will become effective on the next succeeding Interest Reset Date. As used herein, “Interest Determination Date” means the date as of which the interest rate for a Floating Rate Note is to be calculated, to be effective as of
the following Interest Reset Date and calculated on the related Calculation Date (as defined below). Unless otherwise specified in the applicable Pricing Supplement, the Interest Determination Date pertaining to any Interest Reset Date will be: for
a Commercial Paper Rate Note, a CD Rate Note or a CMT Rate Note (the “Commercial Paper Rate Interest Determination Date,” the “CD Rate Interest Determination Date,” and the “CMT Rate
Interest Determination Date,” respectively), the second Business Day prior to such Interest Reset Date; for Federal Funds Rate Notes and Prime Rate Notes (the “Federal Funds Rate Interest Determination Date” and
the “Prime Rate Interest Determination Date,” respectively), the Business Day immediately preceding the related Interest Reset Date; for EURIBOR Notes (the “EURIBOR Interest Determination Date”), the
second TARGET Business Day before the Interest Reset Date; for CDOR Notes (the “CDOR Interest Determination Date”), the Interest Reset Date; for LIBOR Notes (the “LIBOR Interest Determination Date”),
the second London Business Day before the Interest Reset Date; and for a Treasury Rate Note (the “Treasury Rate Interest Determination Date”) will be the Business Day (other than the Interest Reset Date) on which Treasury
Bills (as defined below) would normally be auctioned in the week in which such Interest Reset Date falls. Treasury Bills are normally sold at auction on Monday of each week, unless that day is a legal holiday, in which case the auction is usually
held on the following Tuesday, although the auction may be held on the preceding Friday. If, as the result of a legal holiday, an auction is so held on the preceding Friday, such Friday will be the Treasury Rate Interest Determination Date
pertaining to the Interest Reset Date occurring in the next succeeding week. If an auction date shall fall on any Interest Reset Date for a Treasury Rate Note, then such Interest Reset Date shall instead be the first Business Day immediately
following such auction date. Unless otherwise specified in the applicable Pricing Supplement, the Interest Determination Date for a Floating Rate Note interest rate, which interest rate is determined by reference to two or more Base Rates, will be
the latest Business Day which is at least two Business Days prior to such Interest Reset Date for such Floating Rate Note on which each such Base Rate can be determined. 

Unless otherwise specified in the applicable Pricing Supplement, interest payments on an Interest Payment Date for a Floating Rate Note will
include interest accrued from and including, the most recent Interest Payment Date to which interest is paid or duly provided for, or, if no interest is paid or duly provided for with respect to such Floating Rate Note, the date will be from and
including the issue date or any other date specified in the applicable Pricing Supplement as the date on which interest begins to accrue. Interest will accrue to, but excluding, the next Interest Payment Date (each such interest accrual period, an
“Interest Period”), or if earlier, the date on which the principal is paid or duly made available for payment. Accrued interest from the date of issue, from such other specified date on which interest begins to accrue or from
the last date to which interest has been paid or duly provided for 

  
 6 

 
to the date for which interest is being calculated shall be calculated by multiplying the principal amount of a Floating Rate Note by the applicable accrued interest factor (the
“Accrued Interest Factor”). The Accrued Interest Factor shall be the sum of the interest factors calculated for each day in the period for which the interest is being paid. Unless otherwise specified in the applicable Pricing
Supplement, the interest factor for each such day shall be computed by dividing the annual interest rate, expressed as a decimal, applicable to such day by 360 in the case of Commercial Paper Rate Notes, Federal Funds Rate Notes, LIBOR Notes,
EURIBOR Notes, Prime Rate Notes, and CD Rate Notes, or by the actual number of days in the year in the case of Treasury Rate Notes, CMT Rate Notes and CDOR Notes. The interest rate in effect on each day will be (i) if such day is an Interest
Reset Date, the interest rate with respect to the Interest Determination Date pertaining to such Interest Reset Date or (ii) if such day is not an Interest Reset Date, the interest rate with respect to the Interest Determination Date related to
the next preceding Interest Reset Date, subject in either case to any maximum or minimum interest rate referred to in the applicable Pricing Supplement. 

Unless otherwise specified in the applicable Pricing Supplement, U.S. Bank National Association will be the “Calculation
Agent”. On or before each Calculation Date, the Calculation Agent will determine the interest rate in accordance with the foregoing and as described below with respect to the applicable Base Rate and notify the Company and the Paying
Agent. The Paying Agent will determine the Accrued Interest Factor applicable to any such Floating Rate Note. The Paying Agent will, upon the request of the holder of any Floating Rate Note, provide the interest rate then in effect and the interest
rate which will become effective as a result of a determination made with respect to the most recent Interest Determination Date with respect to such Floating Rate Note. The determinations of interest rates made by the Calculation Agent shall, in
the absence of manifest error, be conclusive and binding, and neither the Trustee nor the Paying Agent shall have the duty to verify determinations of interest rates made by the Calculation Agent. The determinations of Accrued Interest Factors made
by the Paying Agent shall, in the absence of manifest error, be conclusive and binding. Unless otherwise specified in the applicable Pricing Supplement, the “Calculation Date,” if applicable, pertaining to any Interest
Determination Date on a Floating Rate Note will be the earlier of (i) the tenth calendar day after such Interest Determination Date, or, if any such day is not a Business Day, the following Business Day; and (ii) the Business Day before
the applicable Interest Payment Date, Redemption Date or Maturity Date, as the case may be. 
 Unless otherwise specified in the applicable
Pricing Supplement, all percentages resulting from any calculation on Floating Rate Notes will be rounded, if necessary, to the nearest one hundred-thousandth of a percentage point, with five one-millionths of a percentage point rounded upwards
(e.g., 9.876545% (or .09876545) will be rounded to 9.87655% (or .0987655) and 9.876544% (or .09876544) will be rounded to 9.87654% (or .0987654)); all calculations of the Accrued Interest Factor for any day on Floating Rate Notes will be rounded, if
necessary, to the nearest one hundred-millionth, with five one-billionths rounded upwards (e.g. .098765455 will be rounded to .09876546 and .098765454 will be rounded to .09876545); and all dollar amounts used in or resulting from such calculations
on Floating Rate Notes will be rounded to the nearest cent (with one-half cent being rounded upwards). 
 CDOR. If the Base Rate
specified with respect to any Interest Period for a Floating Rate Note is CDOR, such Floating Rate Note shall be a “CDOR Note” with respect to 

  
 7 

 
such Interest Period and the interest rate with respect to such Floating Rate Note for any Interest Reset Date relating to such Interest Period shall be calculated with reference to the Canadian
dollar three-month Banker’s Acceptance Rate, commonly referred to as CDOR, and the Spread and/or the Spread Multiplier, if any, specified in the CDOR Notes and in the applicable Pricing Supplement. CDOR notes will be subject to the Minimum
Interest Rate and the Maximum Interest Rate, if any. 
 The Calculation Agent will determine CDOR on each CDOR Interest Determination Date.
The CDOR Interest Determination Date is the first day of such Interest Period. CDOR will be the offered rate for Canadian dollar bankers’ acceptances having a maturity of three months, as such rate appears on the Reuters Screen CDOR page, or
such other replacing service or such other service that may be nominated by the person sponsoring the information appearing there for the purpose of displaying offered rates for Canadian dollar bankers’ acceptances having a maturity of three
months, at approximately 10:00 a.m., Toronto time, on such Interest Determination Date. 
 Unless otherwise specified in the applicable
Pricing Supplement, the following procedures will be followed if CDOR cannot be determined as described above. 
  

	 	•	 	If no offered rate appears on Reuters Screen CDOR page on a CDOR Interest Determination Date at approximately 10:00 a.m., Toronto time, then CDOR will be the average of the bid rates of interest for Canadian dollar
bankers’ acceptances with maturities of three months for same day settlement as quoted by such of the Schedule I banks (as defined in the Bank Act (Canada)) as may quote such a rate as of 10:00 a.m., Toronto time, on such CDOR Interest
Determination Date. If at least two quotations are provided, CDOR will be the arithmetic average of the quotations provided. 

  

	 	•	 	If the Schedule I banks so selected by the Calculation Agent are not quoting as mentioned above, CDOR for the next Interest Period will be the rate in effect for the preceding Interest Period. 

CD Rate. If the Base Rate specified with respect to any Interest Period for a Floating Rate Note is the CD Rate, such Floating Rate
Note shall be a “CD Rate Note” with respect to such Interest Period and the interest rate with respect to such Floating Rate Note for any Interest Reset Date relating to such Interest Period shall be the CD Rate as adjusted
by the Spread and/or the Spread Multiplier, specified in the CD Rate Note and in the applicable Pricing Supplement. CD Rate Notes will be subject to the Minimum Interest Rate and the Maximum Interest Rate, if any. 

Unless otherwise specified in the applicable Pricing Supplement, “CD Rate” means, with respect to any CD Rate Interest
Determination Date, the rate on that date for negotiable U.S. dollar certificates of deposit having the Index Maturity specified in the applicable Pricing Supplement as published in H.15(519), under the heading “CDs (Secondary
Market).” If the CD Rate cannot be determined in this manner, the following procedures will apply: 

  
 8 

 (I) If the rate described above is not published by 3:00 p.m., New York City time, on the
relevant Calculation Date, then the CD Rate will be the rate on that CD Rate Interest Determination Date for negotiable U.S. dollar certificates of deposit having the specified Index Maturity as published in H.15 Daily Update, or other recognized
electronic sources used for the purpose of displaying the applicable rate, under the caption “CDs (Secondary Market).” 

(II) If by 3:00 p.m., New York City time, on the applicable Calculation Date, that rate is not published in either H.15(519), H.15 Daily
Update or another recognized electronic source, the CD Rate for that CD Rate Interest Determination Date will be calculated by the Calculation Agent and will be the arithmetic mean of the secondary market offered rates as of 10:00 a.m., New York
City time, on that CD Rate Interest Determination Date, of three leading non-bank dealers in negotiable U.S. dollar certificates of deposit in New York City, which may include one or more of the Agents or their affiliates, selected by the
Calculation Agent, after consultation with the Company, for negotiable U.S. dollar certificates of deposit of major U.S. money market banks for negotiable certificates of deposit with a remaining maturity closest to the Index Maturity specified in
the applicable Pricing Supplement in an amount that is representative for a single transaction in that market at that time. 
 If the
dealer(s) selected as described above by the Calculation Agent are not quoting rates as set forth above, the CD Rate for that CD interest rate determination date will be the CD Rate in effect for the immediately preceding interest reset period, or
if there was no interest reset period, then the rate of interest payable will be the Initial Interest Rate. 
 Commercial Paper Rate.
If the Base Rate specified with respect to any Interest Period for a Floating Rate Note is the Commercial Paper Rate, such Floating Rate Note shall be a “Commercial Paper Rate Note” with respect to such Interest Period and
the interest rate with respect to such Floating Rate Note for any Interest Reset Date relating to such Interest Period shall be the Commercial Paper Rate as adjusted by the Spread and/or the Spread Multiplier, if any, specified in the Commercial
Paper Rate Note and in the applicable Pricing Supplement. Commercial Paper Rate Notes will be subject to the Minimum Interest Rate and the Maximum Interest Rate, if any. 

Unless otherwise specified in the applicable Pricing Supplement, “Commercial Paper Rate” means, with respect to any
Commercial Paper Rate Interest Determination Date, the Money Market Yield (calculated as described below) of the rate on that date for commercial paper having the Index Maturity specified in the applicable Pricing Supplement as published in
“Statistical Release H.15(519), Selected Interest Rates” or any successor publication of the Board of Governors of the Federal Reserve System (“H.15 (519)”) under the heading
“Commercial Paper — Nonfinancial.” 
 Unless the applicable Pricing Supplement specifies otherwise, the
following procedures will be followed if the Commercial Paper Rate cannot be determined as described above: (I) If the rate is not published by 3:00 p.m., New York City time, on the Calculation Date relating to the Commercial Paper Rate
Interest Determination Date, then the Commercial Paper Rate will be the Money Market Yield of the rate on the Commercial Paper Rate Interest Determination Date for commercial paper having the Index Maturity specified in the applicable Pricing
Supplement as set forth in the daily update of H.15(519), available through the 

  
 9 

 
worldwide website of the Board of Governors of the Federal Reserve System at https://www.federalreserve.gov/releases/h15/update, or any successor site or publication (the “H.15 Daily
Update”) under the heading “Commercial Paper — Nonfinancial;” (II) If by 3:00 p.m., New York City time, on the Calculation Date the rate is not published in either H.15(519) or the H.15 Daily Update, then
the Calculation Agent shall determine the Commercial Paper Rate to be the Money Market Yield of the arithmetic mean of the offered rates as of 11:00 a.m., New York City time, on the Commercial Paper Rate Interest Determination Date, of three leading
dealers of commercial paper in New York City selected by the Calculation Agent, after consultation with the Company, for commercial paper having the Index Maturity specified in the applicable Pricing Supplement placed for an industrial issuer whose
bond rating is “AA,” or the equivalent, from a nationally recognized statistical rating agency; provided, however, that if the dealers selected by the Calculation Agent are not quoting as described above in this sentence, the
Commercial Paper Rate in effect immediately before the Commercial Paper Rate Interest Determination Date will not change and will remain the Commercial Paper Rate in effect on such Commercial Paper Rate Interest Determination Date. 

“Money Market Yield” shall be a yield calculated in accordance with the following formula: 

 

									
	 Money Market Yield 
	 	= 	 	      D x 360      	 	x	 	100
		 		 	360 - (D x M)	 		 	

 where “D” refers to the applicable per annum rate for commercial paper, quoted on a bank discount basis and
expressed as a decimal, and “M” refers to the actual number of days in the Interest Period for which the interest is being calculated. 

CMT Rate. If the Base Rate specified with respect to any Interest Period for a Floating Rate Note is the CMT Rate, such Floating Rate
Note is a “CMT Rate Note” with respect to such Interest Period and the interest rate with respect to such Floating Rate Note for any Interest Reset Date relating to such Interest Period shall be the CMT Rate as adjusted by
the Spread and/or the Spread Multiplier, if any, specified in the CMT Rate Note and in the applicable Pricing Supplement. CMT Rate Notes will be subject to the Minimum Interest Rate and the Maximum Interest Rate, if any. 

Unless otherwise specified in the applicable Pricing Supplement, “CMT Rate” means, with respect to any CMT Rate
Interest Determination Date: 
 (I) If “Reuters Page FRBCMT” is the specified CMT Reuters Page in the applicable
Pricing Supplement, the CMT Rate on the CMT Rate Interest Determination Date shall be a percentage equal to the yield for United States Treasury securities at “constant maturity” having the Index Maturity specified in the
applicable Pricing Supplement as set forth in H.15(519) under the caption “Treasury constant maturities,” as such yield is displayed on Reuters (or any successor service) on page FRBCMT (or any other page as may replace such
page on such service) (“Reuters Page FRBCMT”) for such CMT Rate Interest Determination Date. If such rate does not appear on Reuters Page FRBCMT, the CMT Rate on such CMT Rate Interest Determination Date shall be a percentage
equal to the yield for United States Treasury securities at “constant maturity” having the Index Maturity specified in the applicable Pricing 

  
 10 

 
Supplement and for such CMT Rate Interest Determination Date as set forth in H.15(519) under the caption “Treasury constant maturities.” If such rate does not appear in
H.15(519), the CMT Rate on such CMT Rate Interest Determination Date shall be the rate for the period of the Index Maturity specified in the applicable Pricing Supplement as may then be published by either the Federal Reserve Board or the United
States Department of the Treasury that the Calculation Agent determines to be comparable to the rate that would otherwise have been published in H.15(519). If the Federal Reserve Board or the United States Department of the Treasury does not publish
a yield on United States Treasury securities at “constant maturity” having the Index Maturity specified in the applicable Pricing Supplement for such CMT Rate Interest Determination Date, the CMT Rate on such CMT Rate
Interest Determination Date shall be calculated by the Calculation Agent and shall be a yield-to-maturity based on the arithmetic mean of the secondary market bid prices at approximately 3:30 p.m., New York City time, on such CMT Rate Interest
Determination Date of three leading primary United States government securities dealers in New York City (which may include the Agents or their affiliates) (each, a “Reference Dealer”) selected by the Calculation Agent from
five such Reference Dealers selected by the Calculation Agent and eliminating the highest quotation (or, in the event of equality, one of the highest) and the lowest quotation (or, in the event of equality, one of the lowest) for United States
Treasury securities with an original maturity equal to the Index Maturity specified in the applicable Pricing Supplement, a remaining term to maturity no more than one year shorter than such Index Maturity and in a principal amount that is
representative for a single transaction in such securities in such market at such time. If fewer than three prices are provided as requested, the CMT Rate on such CMT Rate Interest Determination Date shall be calculated by the Calculation Agent and
shall be a yield-to-maturity based on the arithmetic mean of the secondary market bid prices as of approximately 3:30 p.m., New York City time, on such CMT Rate Interest Determination Date of three Reference Dealers selected by the Calculation Agent
from five such Reference Dealers selected by the Calculation Agent and eliminating the highest quotation (or, in the event of equality, one of the highest) and the lowest quotation (or, in the event of equality, one of the lowest) for United States
Treasury securities with an original maturity greater than the Index Maturity specified in the applicable Pricing Supplement, a remaining term to maturity closest to such Index Maturity and in a principal amount that is representative for a single
transaction in such securities in such market at such time. If two such United States Treasury securities with an original maturity greater than the Index Maturity specified in the applicable Pricing Supplement have remaining terms to maturity
equally close to such Index Maturity, the quotes for the treasury security with the shorter original term to maturity will be used. If fewer than five but more than two such prices are provided as requested, the CMT Rate on such CMT Rate Interest
Determination Date shall be calculated by the Calculation Agent and shall be based on the arithmetic mean of the bid prices obtained and neither the highest nor the lowest of such quotations shall be eliminated; provided, however, that if fewer than
three such prices are provided as requested, the CMT Rate determined as of such CMT Rate Interest Determination Date shall be the CMT Rate in effect on such CMT Rate Interest Determination Date. 

(II) If “Reuters Page FEDCMT” is the specified CMT Reuters Page in the applicable Pricing Supplement, the CMT Rate on
the CMT Rate Interest Determination Date shall be a percentage equal to the one-week or one-month, as specified in the applicable Pricing Supplement, average yield for United States Treasury securities at “constant maturity”
having the Index Maturity specified in the applicable Pricing Supplement as set forth in H.15(519) 

  
 11 

 
opposite the caption “Treasury Constant Maturities,” as such yield is displayed on Reuters on page FEDCMT (or any other page as may replace such page on such service)
(“Reuters Page FEDCMT”) for the week or month, as applicable, ended immediately preceding the week or month, as applicable, in which such CMT Rate Interest Determination Date falls. If such rate does not appear on Reuters
Page FEDCMT, the CMT Rate on such CMT Rate Interest Determination Date shall be a percentage equal to the one-week or one-month, as specified in the applicable Pricing Supplement, average yield for United States Treasury securities at
“constant maturity” having the Index Maturity specified in the applicable Pricing Supplement for the week or month, as applicable, preceding such CMT Rate Interest Determination Date as set forth in H.15(519) opposite the
caption “Treasury Constant Maturities.” If such rate does not appear in H.15(519), the CMT Rate on such CMT Rate Interest Determination Date shall be the one-week or one-month, as specified in the applicable Pricing
Supplement, average yield for United States Treasury securities at “constant maturity” having the Index Maturity specified in the applicable Pricing Supplement as otherwise announced by the Federal Reserve Bank of New York
for the week or month, as applicable, ended immediately preceding the week or month, as applicable, in which such CMT Rate Interest Determination Date falls. If the Federal Reserve Bank of New York does not publish a one-week or one-month, as
specified in the applicable Pricing Supplement, average yield on United States Treasury securities at “constant maturity” having the Index Maturity specified in the applicable Pricing Supplement for the applicable week or
month, the CMT Rate on such CMT Rate Interest Determination Date shall be calculated by the Calculation Agent and shall be a yield-to-maturity based on the arithmetic mean of the secondary market bid prices at approximately 3:30 p.m., New York City
time, on such CMT Rate Interest Determination Date of three Reference Dealers selected by the Calculation Agent from five such Reference Dealers selected by the Calculation Agent and eliminating the highest quotation (or, in the event of equality,
one of the highest) and the lowest quotation (or, in the event of equality, one of the lowest) for United States Treasury securities with an original maturity equal to the Index Maturity specified in the applicable Pricing Supplement, a remaining
term to maturity of no more than one year shorter than such Index Maturity and in a principal amount that is representative for a single transaction in such securities in such market at such time. If fewer than five but more than two such prices are
provided as requested, the CMT Rate on such CMT Rate Interest Determination Date shall be the rate on the CMT Rate Interest Determination Date calculated by the Calculation Agent based on the arithmetic mean of the bid prices obtained and neither
the highest nor the lowest of such quotation shall be eliminated. If fewer than three prices are provided as requested, the CMT Rate on such CMT Rate Interest Determination Date shall be calculated by the Calculation Agent and shall be a
yield-to-maturity based on the arithmetic mean of the secondary market bid prices as of approximately 3:30 p.m., New York City time, on such CMT Rate Interest Determination Date of three Reference Dealers selected by the Calculation Agent from five
such Reference Dealers selected by the Calculation Agent and eliminating the highest quotation (or, in the event of equality, one of the highest) and the lowest quotation (or, in the event of equality, one of the lowest) for United States Treasury
securities with an original maturity longer than the Index Maturity specified in the applicable Pricing Supplement, a remaining term to maturity closest to such Index Maturity and in a principal amount that is representative for a single transaction
in such securities in such market at such time. If two United States Treasury securities with an original maturity greater than the Index Maturity specified in the applicable Pricing Supplement have remaining terms to maturity equally close to such
Index Maturity, the quotes for the Treasury security with the shorter 

  
 12 

 
original term to maturity will be used. If fewer than five but more than two such prices are provided as requested, the CMT Rate on such CMT Rate Interest Determination Date shall be the rate on
the CMT Rate Interest Determination Date calculated by the Calculation Agent based on the arithmetic mean of the bid prices obtained and neither the highest nor lowest of such quotations shall be eliminated; provided, however, that if fewer
than three such prices are provided as requested, the CMT Rate determined as of such CMT Rate determination date shall be the CMT Rate in effect on such CMT Rate Interest Determination Date. 

EURIBOR. If the Base Rate specified with respect to any Interest Period for a Floating Rate Note is EURIBOR, such Floating Rate Note
shall be a “EURIBOR Note” with respect to such Interest Period and the interest rate with respect to such Floating Rate Note for any Interest Reset Date relating to such Interest Period shall be the EURIBOR Rate as adjusted
by the Spread and/or the Spread Multiplier, if any, specified in the EURIBOR Note and in the applicable Pricing Supplement. EURIBOR Notes will be subject to the Minimum Interest Rate and the Maximum Interest Rate, if any. 

Unless otherwise specified in the applicable Pricing Supplement, EURIBOR means with respect to any EURIBOR Interest Determination Date, a base
rate equal to the interest rate for deposits in euro designated as “EURIBOR” and sponsored jointly by the European Banking Federation and ACI — the Financial Market Association, or any company established by the joint
sponsors for purposes of compiling and publishing that rate. EURIBOR will be determined in the following manner: 
 (I) EURIBOR will be the
offered rate for deposits in euro having the Index Maturity specified in the applicable Pricing Supplement, beginning on the second euro Business Day after such EURIBOR Interest Determination Date, as that rate appears on Reuters Page EURIBOR 01 as
of 11:00 a.m., Brussels time, on such EURIBOR Interest Determination Date. 
 (II) If the rate described above does not appear on Reuters
Page EURIBOR 01, EURIBOR will be determined on the basis of the rates, at approximately 11:00 a.m., Brussels time, on such EURIBOR Interest Determination Date, at which deposits of the following kind are offered to prime banks in the euro-zone
interbank market by the principal euro-zone office of each of four major banks in that market selected by the Calculation Agent: euro deposits having such EURIBOR Index Maturity, beginning on such EURIBOR Interest Reset Date, and in a representative
amount. The Calculation Agent will request that the principal euro-zone office of each of these banks provide a quotation of its rate. If at least two quotations are provided, EURIBOR for such EURIBOR Interest Determination Date will be the
arithmetic mean of the quotations. 
 (III) If fewer than two quotations are provided as described above, EURIBOR for such EURIBOR Interest
Determination Date will be the arithmetic mean of the rates for loans of the following kind to leading euro-zone banks quoted, at approximately 11:00 a.m., Brussels time on that EURIBOR Interest Determination Date, by three major banks in the
euro-zone selected by the Calculation Agent: loans of euro having such EURIBOR Index Maturity, beginning on such EURIBOR Interest Reset Date, and in an amount that is representative of a single transaction in euro in that market at the time. 

  
 13 

 (IV) If fewer than three banks selected by the Calculation Agent are quoting as described above,
EURIBOR for the new Interest Period will be EURIBOR in effect for the prior Interest Period. If the initial Base Rate has been in effect for the prior Interest Period, however, it will remain in effect for the new Interest Period. 

Federal Funds Rate. If the Base Rate specified with respect to any Interest Period for a Floating Rate Note is the Federal Funds Rate,
such Floating Rate Note shall be a “Federal Funds Rate Note” with respect to such Interest Period and the interest rate with respect to such Floating Rate Note for any Interest Reset Date relating to such Interest Period
shall be the Federal Funds Rate as adjusted by the Spread and/or the Spread Multiplier, if any, specified in the Federal Funds Rate Note and in the applicable Pricing Supplement. Federal Funds Rate Notes will be subject to the Minimum Interest Rate
and the Maximum Interest Rate, if any. The Federal Funds Rate will be calculated by reference to either the Federal Funds (Effective) Rate, the Federal Funds Open Rate or the Federal Funds Target Rate, as specified in the Federal Funds Rate Note and
in the applicable Pricing Supplement. 
 Unless otherwise specified in the applicable Pricing Supplement, “Federal Funds
Rate” means the rate determined by the Calculation Agent, with respect to any Federal Funds Rate Interest Determination Date, in accordance with the following provisions: 

(I) If “Federal Funds (Effective) Rate” is the specified Federal Funds Rate in the applicable Pricing Supplement, the
Federal Funds Rate as of the applicable Federal Funds Rate Interest Determination Date shall be the rate with respect to such date for United States dollar federal funds as published in H.15(519) opposite the caption “Federal Funds
(Effective),” as such rate is displayed on Reuters on page FEDFUNDS1 (or any other page as may replace such page on such service) (“Reuters Page FEDFUNDS1”) under the heading “EFFECT,” or,
if such rate is not so published by 3:00 p.m., New York City time, on the Calculation Date, the rate with respect to such Federal Funds Rate Interest Determination Date for United States dollar federal funds as published in H.15 Daily Update, or
such other recognized electronic source used for the purpose of displaying such rate, under the caption “Federal funds (effective).” If such rate does not appear on Reuters Page FEDFUNDS1 or is not yet published in
H.15(519), H.15 Daily Update or another recognized electronic source by 3:00 p.m., New York City time, on the related Calculation Date, then the Federal Funds Rate with respect to such Federal Funds Rate Interest Determination Date shall be
calculated by the Calculation Agent and will be the arithmetic mean of the rates for the last transaction in overnight United States dollar federal funds arranged by three leading brokers of U.S. dollar federal funds transactions in New York City
(which may include the Agents or their affiliates) selected by the Calculation Agent, prior to 9:00 a.m., New York City time, on the Business Day following such Federal Funds Rate Interest Determination Date; provided, however, that if the
brokers so selected by the Calculation Agent are not quoting as mentioned in this sentence, the Federal Funds Rate determined as of such Federal Funds Rate Interest Determination Date will be the Federal Funds Rate in effect on such Federal Funds
Rate Interest Determination Date without giving effect to any resetting of the Federal Funds Rate on such Federal Funds Rate Interest Determination Date. 

(II) If “Federal Funds Open Rate” is the specified Federal Funds Rate in the applicable Pricing Supplement, the
Federal Funds Rate as of the applicable Federal Funds Rate Interest Determination Date shall be the rate on such date under the heading “Federal Funds” 

  
 14 

 
for the relevant Index Maturity and opposite the caption “Open” as such rate is displayed on Reuters on page 5 (or any other page as may replace such page on such service)
(“Reuters Page 5”), or, if such rate does not appear on Reuters Page 5 by 3:00 p.m., New York City time, on the Calculation Date, the Federal Funds Rate for the Federal Funds Rate Interest Determination Date will be the rate
for that day displayed on FFPREBON Index page on Bloomberg L.P. (“Bloomberg”), which is the Fed Funds Opening Rate as reported by Prebon Yamane (or a successor) on Bloomberg. If such rate does not appear on Reuters Page 5 or
is not displayed on FFPREBON Index page on Bloomberg or another recognized electronic source by 3:00 p.m., New York City time, on the related Calculation Date, then the Federal Funds Rate on such Federal Funds Rate Interest Determination Date shall
be calculated by the Calculation Agent and will be the arithmetic mean of the rates for the last transaction in overnight United States dollar federal funds arranged by three leading brokers of United States dollar federal funds transactions in New
York City (which may include the Agents or their affiliates) selected by the Calculation Agent prior to 9:00 a.m., New York City time, on such Federal Funds Rate Interest Determination Date; provided, however, that if the brokers so selected
by the Calculation Agent are not quoting as mentioned in this sentence, the Federal Funds Rate determined as of such Federal Funds Rate Interest Determination Date will be the Federal Funds Rate in effect on such Federal Funds Rate Interest
Determination Date without giving effect to any resetting of the Federal Funds Rate on such Federal Funds Rate Interest Determination Date. 

(III) If “Federal Funds Target Rate” is the specified Federal Funds Rate in the applicable Pricing Supplement, the
Federal Funds Rate as of the applicable Federal Funds Rate Interest Determination Date shall be the rate on such date as displayed on the FDTR Index page on Bloomberg. If such rate does not appear on the FDTR Index page on Bloomberg by 3:00 p.m.,
New York City time, on the Calculation Date, the Federal Funds Rate for such Federal Funds Rate Interest Determination Date will be the rate for that day appearing on Reuters Page USFFTARGET= (or any other page as may replace such page on such
service) (“Reuters Page USFFTARGET=”). If such rate does not appear on the FDTR Index page on Bloomberg or is not displayed on Reuters Page USFFTARGET= by 3:00 p.m., New York City time, on the related Calculation Date, then
the Federal Funds Rate on such Federal Funds Rate Interest Determination Date shall be calculated by the Calculation Agent and will be the arithmetic mean of the rates for the last transaction in overnight United States dollar federal funds arranged
by three leading brokers of United States dollar federal funds transactions in New York City (which may include the Agents or their affiliates) selected by the Calculation Agent prior to 9:00 a.m., New York City time, on such Federal Funds Rate
Interest Determination Date; provided, however, that if the brokers so selected by the Calculation Agent are not quoting as mentioned in this sentence, the Federal Funds Rate determined as of such Federal Funds Rate Interest Determination
Date will be the Federal Funds Rate in effect on such Federal Funds Rate Interest Determination Date without giving effect to any resetting of the Federal Funds Rate on such Federal Funds Rate Interest Determination Date. 

LIBOR. If the Base Rate specified with respect to any Interest Period for a Floating Rate Note is LIBOR, such Floating Rate Note shall
be a “LIBOR Note” with respect to such Interest Period and the interest rate with respect to such Floating Rate Note for any Interest Reset Date relating to such Interest Period shall be LIBOR as adjusted by the Spread and/or
the Spread Multiplier, if any, specified in the LIBOR Note and in the applicable Pricing Supplement. 
 LIBOR Notes will be subject to the
Minimum Interest Rate and the Maximum Interest Rate, if any. 

  
 15 

 Unless otherwise specified in the applicable Pricing Supplement, LIBOR means the rate determined
by the Calculation Agent, with respect to any LIBOR Interest Determination Date, in accordance with the following provisions: 
 (I) With
respect to a LIBOR Interest Determination Date, LIBOR will be the rate for deposits in the Designated LIBOR Currency having the Index Maturity specified in the applicable Pricing Supplement as such rate is displayed on Reuters on page LIBOR01 (or
any other page as may replace such page on such service for the purpose of displaying the London interbank rates of major banks for the Designated LIBOR Currency) (“Reuters Page LIBOR01”) as of 11:00 a.m., London time, on
such LIBOR Interest Determination Date. If no such rate so appears, LIBOR on such LIBOR Interest Determination Date will be determined in accordance with the provisions described in clause (II) below. 

(II) With respect to a LIBOR Interest Determination Date on which no rate is displayed on Reuters Page LIBOR01 as specified in clause
(I) above, the Calculation Agent shall request the principal London offices of each of four major reference banks (which may include affiliates of the Agents) in the London interbank market, as selected by the Calculation Agent to provide the
Calculation Agent with its offered quotation for deposits in the Designated LIBOR Currency for the period of the Index Maturity specified in the applicable Pricing Supplement, commencing on the related Interest Reset Date, to prime banks in the
London interbank market at approximately 11:00 a.m., London time, on such LIBOR Interest Determination Date and in a principal amount that is representative for a single transaction in the Designated LIBOR Currency in such market at such time. If at
least two such quotations are so provided, then LIBOR on such LIBOR Interest Determination Date will be the arithmetic mean calculated by the Calculation Agent of such quotations. If fewer than two such quotations are so provided, then LIBOR on such
LIBOR Interest Determination Date will be the arithmetic mean calculated by the Calculation Agent of the rates quoted at approximately 11:00 a.m., in the applicable Principal Financial Center, on such LIBOR Interest Determination Date by three major
banks (which may include affiliates of the Agents) in such Principal Financial Center selected by the Calculation Agent for loans in the Designated LIBOR Currency to leading European banks, having the Index Maturity specified in the applicable
Pricing Supplement and in a principal amount that is representative for a single transaction in the Designated LIBOR Currency in such market at such time; provided, however, that if the banks so selected by the Calculation Agent are not
quoting as mentioned in this sentence, LIBOR determined as of such LIBOR Interest Determination Date shall be LIBOR in effect on such LIBOR Interest Determination Date. 

As referenced above, “Designated LIBOR Currency” means the currency specified in the applicable Pricing Supplement as
to which LIBOR shall be calculated or, if no such Designated LIBOR Currency is specified in the applicable Pricing Supplement, U.S. dollars. As used in the above provisions regarding determining LIBOR, “Principal Financial
Center” means (i) the capital city of the country issuing the specified currency or (ii) the capital city of the country to which the Designated LIBOR Currency, if applicable, relates, except, in each case, that with respect
to United States dollars, Australian dollars, Canadian dollars, euro, New Zealand dollars, South African rand and Swiss francs, the “Principal Financial Center” shall be New York City, Sydney, Toronto, London (solely in the
case of the Designated LIBOR Currency), Wellington, Johannesburg and Zurich, respectively. 

  
 16 

 Prime Rate. If the Base Rate specified with respect to any Interest Period for a Floating
Rate Note is the Prime Rate, such Floating Rate Note shall be a “Prime Rate Note” with respect to such Interest Period and the interest rate with respect to such Floating Rate Note for any Interest Reset Date relating to such
Interest Period shall be the Prime Rate as adjusted by the Spread and/or the Spread Multiplier, if any, specified in the Prime Rate Note and in the applicable Pricing Supplement. Prime Rate Notes will be subject to the Minimum Interest Rate and the
Maximum Interest Rate, if any. 
 Unless otherwise specified in the applicable Pricing Supplement, “Prime Rate”
means, with respect to any Prime Rate Interest Determination Date, the rate on such date as such rate is published in H.15(519) under the caption “Bank prime loan” or, if not published by 3:00 p.m., New York City time, on the
related Calculation Date, the rate on such Prime Rate Interest Determination Date as published in H.15 Daily Update, or such other recognized electronic source used for the purpose of displaying such rate, under the caption “Bank prime
loan.” If such rate is not yet published in H.15(519), H.15 Daily Update, or another recognized electronic source by 3:00 p.m., New York City time, on the related Calculation Date, then the Prime Rate shall be the arithmetic mean
calculated by the Calculation Agent of the rates of interest publicly announced by each bank that appears on Reuters on page USPRIME1 (or any other page as may replace such page on such service for the purpose of displaying prime rates or base
lending rates of major United States banks) (“Reuters Page USPRIME1”) as such bank’s prime rate or base lending rate as of 11:00 a.m., New York City time, on such Prime Rate Interest Determination Date. If fewer than
four such rates so appear on the Reuters Page USPRIME1 for such Prime Rate Interest Determination Date by 3:00 p.m., New York City time, on the related Calculation Date, then the Prime Rate shall be the arithmetic mean calculated by the Calculation
Agent of the prime rates or base lending rates quoted on the basis of the actual number of days in the year divided by a 360-day year as of the close of business on such Prime Rate Interest Determination Date by three major banks (which may include
affiliates of the Agents) in New York City selected by the Calculation Agent; provided, however, that if the banks so selected by the Calculation Agent are not quoting as mentioned in this sentence, the Prime Rate determined as of such Prime
Rate Interest Determination Date will be the Prime Rate in effect on such Prime Rate Interest Determination Date. 
 “Reuters
Page USPRIME1” means the display on the Reuters EIKON Service (or any successor service) on the “USPRIME1 Page” (or such other page as may replace the USPRIME1 Page on such service) for the purpose of displaying
prime rates or base lending rates of major U.S. banks. 
 Treasury Rate. If the Base Rate specified with respect to any Interest
Period for a Floating Rate Note is the Treasury Rate, such Floating Rate Note shall be a “Treasury Rate Note” with respect to such Interest Period and the interest rate with respect to such Floating Rate Note for any Interest
Reset Date relating to such Interest Period shall be the Treasury Rate as adjusted by the Spread and/or the Spread Multiplier, if any, specified in the Treasury Rate Note and in the applicable Pricing Supplement. Treasury Rate Notes will be subject
to the Minimum Interest Rate and the Maximum Interest Rate, if any. 

  
 17 

 Unless otherwise specified in the applicable Pricing Supplement, “Treasury
Rate” means, with respect to any Treasury Rate Interest Determination Date, the rate from the auction held on such Treasury Rate Interest Determination Date (the “Auction”) of direct obligations of the United
States (“Treasury Bills”) having the Index Maturity specified in the applicable Pricing Supplement under the caption “INVEST RATE” on the display on Reuters page USAUCTION10 (or any other page as may
replace such page on such service) or page USAUCTION11 (or any other page as may replace such page on such service) or, if not so published at 3:00 p.m., New York City time, on the related Calculation Date, the Bond Equivalent Yield of the rate for
such Treasury Bills as published in H.15 Daily Update, or such other recognized electronic source used for the purpose of displaying such rate, under the caption “U.S. Government Securities/Treasury Bills/Auction High.” If
such rate is not so published in the related H.15 Daily Update or another recognized source by 3:00 p.m., New York City time, on the related Calculation Date, the Treasury Rate on such Treasury Rate Interest Determination Date shall be the Bond
Equivalent Yield of the Auction rate of such Treasury Bills as announced by the United States Department of the Treasury. In the event that such Auction rate is not so announced by the United States Department of the Treasury on such Calculation
Date, or if no such Auction is held, then the Treasury Rate on such Treasury Rate Interest Determination Date shall be the Bond Equivalent Yield of the rate on such Treasury Rate Interest Determination Date of Treasury Bills having the Index
Maturity specified in the applicable Pricing Supplement as published in H.15(519) under the caption “U.S. government securities/treasury bills/secondary market” or, if not yet published by 3:00 p.m., New York City time, on
the related Calculation Date, the rate on such Treasury Rate Interest Determination Date of such Treasury Bills as published in H.15 Daily Update, or such other recognized electronic source used for the purpose of displaying such rate, under the
caption “U.S. government securities/treasury bills (secondary market).” If such rate is not yet published in the H.15(519), H.15 Daily Update or another recognized electronic source by 3:00 p.m., New York City time, on the
related Calculation Date, then the Treasury Rate on such Treasury Rate Interest Determination Date shall be calculated by the Calculation Agent and shall be the Bond Equivalent Yield of the arithmetic mean of the secondary market bid rates, as of
approximately 3:30 p.m., New York City time, on such Treasury Rate Interest Determination Date, of the three leading primary United States government securities dealers (which may include the Agents or their affiliates) selected by the Calculation
Agent, for the issue of Treasury Bills with a remaining maturity closest to the Index Maturity specified in the applicable Pricing Supplement; provided, however, that if the dealers so selected by the Calculation Agent are not quoting as
mentioned in this sentence, the Treasury Rate determined as of such Treasury Rate Interest Determination Date will be the Treasury Rate in effect on such Treasury Rate Interest Determination Date. 

The “Bond Equivalent Yield” means a yield (expressed as a percentage) calculated in accordance with the following
formula: 
  

									
	 Bond Equivalent Yield 
	 	=	 	        D x N        	 		 	
		 		 	360 - (D x M)	 	x	 	100

 where “D” refers to the applicable per annum rate for Treasury Bills quoted on a bank discount basis and expressed
as a decimal, “N” refers to 365 or 366, as the case may be, and “M” refers to the actual number of days in the applicable Interest Reset Period. 

  
 18 

 Zero Coupon Notes. 

The specific terms of any Zero Coupon Notes will be set forth in the applicable Pricing Supplement. 

(6) Unless otherwise specified in the applicable Pricing Supplement, principal of (and premium, if any) and interest (if any) on the Notes
will be payable, and, except as described in the Prospectus Supplement, dated June 30, 2017, relating to the issuance of the Notes, and the Administrative Procedures attached hereto as Exhibit F with respect to any Global Security (as defined
below) representing Book-Entry Notes (as defined below), the transfer of the Notes will be registrable and Notes will be exchangeable for Notes bearing identical terms and provisions at the corporate trust office of U.S. Bank National Association
(the “Paying Agent,” unless another Paying Agent is specified in an applicable Pricing Supplement), in New York City, New York, provided that payments of principal and any premium and interest with respect to any Registered
Note may be made at the option of the Company by check mailed to the address of the person or entity entitled thereto as it appears on the security register of the Company, except that holders of $10,000,000 or more in aggregate principal amount of
similar Notes shall be entitled to receive payments by wire transfer of immediately available funds, if appropriate wire transfer instructions have been given to the Trustee or Paying Agent in writing not later than ten Business Days prior to the
applicable Interest Payment Date. Unless otherwise specified in the applicable Pricing Supplement, U.S. Bank National Association will be the “Security Registrar” with respect to the Notes. The Paying Agent or Security
Registrar may be terminated or resign from its role as such with respect to the Notes as long as another agent is in place to serve in such role. 

(7) If so specified in the applicable Pricing Supplement, the Notes will be redeemable at the option of the Company on the date or dates prior
to maturity specified in the applicable Pricing Supplement at the price or prices specified in the applicable Pricing Supplement. Unless otherwise specified in such Pricing Supplement, in the case of Notes other than Zero Coupon Notes or certain
interest bearing notes issued as Original Issue Discount Notes, the redemption price will be expressed as a specified percentage of the principal amount of such Note, together with accrued interest, if any, to, but excluding, the date of redemption
stated in the applicable Pricing Supplement. Unless otherwise specified in the applicable Pricing Supplement, in the case of Zero Coupon Notes or certain interest bearing Notes issued as Original Issue Discount Notes (as specified in the applicable
Pricing Supplement), the redemption price will be a specified percentage of the Amortized Face Amount (as defined below) of such Note (as described in paragraph (13) below), together with accrued interest, if any, to, but excluding, the date of
redemption (or, in the case of any interest bearing Note issued as an Original Issue Discount Note, any accrued but unpaid “qualified stated interest” payments (as specified in Paragraph (13) below). Unless otherwise
specified in the applicable Pricing Supplement, the Company may redeem any of the Notes which are redeemable and remain outstanding either in whole or in part, at any time, upon the terms and conditions set forth in Article Ten of the Indenture.

 (8) Unless otherwise specified in the applicable Pricing Supplement, the Company shall not be obligated to redeem or purchase any Notes
of such series pursuant to any sinking fund or analogous provisions or at the option of any Holder. 

  
 19 

 (9) Unless otherwise specified in the applicable Pricing Supplement, the Notes may be issued only
in fully registered form. Unless otherwise specified in the applicable Pricing Supplement, the authorized denomination of the Notes of such series other than Foreign Currency Notes (as defined below), shall be $1,000 or any amount in excess of
$1,000 which is an integral multiple of $1,000. Foreign Currency Notes will be issued in the denominations specified in the applicable Pricing Supplement. 

(10) The Notes may be denominated, and payments of principal of and interest on the Notes will be made, in United States dollars or in such
foreign currencies or foreign currency units as may be specified in the applicable Pricing Supplement (each such specified foreign currency, a “Specified Currency”). If the Specified Currency for the Notes is other than U.S.
dollars and The Depository Trust Company is the Depositary, the Company will (unless otherwise specified in the applicable Pricing Supplement) arrange to convert all payments in respect of the Notes into U.S. dollars. If the Specified Currency is
other than U.S. dollars and The Depository Trust Company is not the Depositary, all payments in respect of the Notes shall be in such Specified Currency, unless otherwise specified in the applicable Pricing Supplement. In the case of a Note having a
Specified Currency other than United States dollars (a “Foreign Currency Note”), the amount of any U.S. dollar payment will be based on the bid quoted by an exchange rate agent as of 11:00 a.m., London time, on the second
Business Day preceding the payment date on which banks are open for business in London and New York City, for the purchase of U.S. dollars with the Specified Currency for settlement on the payment date of the aggregate amount of the Specified
Currency payable to all Holders of Notes denominated other than in other than U.S. dollars and who are scheduled to receive U.S. dollar payments. If this bid quotation is not available, the exchange rate agent will obtain a bid quotation from a
leading foreign exchange bank in London or New York City selected by the exchange rate agent for this purchase. If the bids are not available, payment of the aggregate amount due to all Holders of Notes on the payment date will be made in the
Specified Currency, unless the applicable foreign currency is unavailable due to the imposition of exchange controls or other circumstances beyond the Company’s control. If payment on a Note is required to be made in a currency other than U.S.
dollars and that currency is unavailable due to the imposition of exchange controls or other circumstances beyond the Company’s control, or is no longer used by the government of the relevant country or for the settlement of transactions by
public institutions of or within the international banking community (and is not replaced by another currency), then all payments on that Note will be made in U.S. dollars on the basis of the most recently available market exchange rate for the
applicable foreign currency. All currency exchange costs will be borne by the Holder of the Note by deductions from these payments. 
 (11)
Except as otherwise described in Paragraph (5) above and Paragraph (13) below, the amount of payments of principal of and any premium or interest on the Notes will not be determined with reference to an index. 

(12) Unless otherwise specified in the applicable Pricing Supplement, the Events of Default with respect to the Notes are those specified in
Section 4.01 of the Indenture. 
 (13) The portion of the principal amount of the Notes, other than Original Issue Discount Notes
(including any Zero Coupon Notes), which shall be payable upon declaration of acceleration of maturity thereof shall not be other than the principal amount thereof. Unless 

  
 20 

 
otherwise specified in the applicable Pricing Supplement, the portion of the principal amount of Zero Coupon Notes and certain interest bearing Notes issued as Original Issue Discount Notes (as
specified in the applicable Pricing Supplement) upon any acceleration of the maturity thereof will be the sum of the Amortized Face Amount, and in the case of an interest-bearing note issued as an Original Issue Discount Note, any accrued but unpaid
qualified stated interest payments. Unless otherwise specified in the applicable Pricing Supplement, the amount payable to the holder of such Original Issue Discount Note upon any redemption thereof will be the sum of the applicable specified
percentage of the Amortized Face Amount thereof specified in the applicable Pricing Supplement, and in the case of any interest bearing Note issued as an Original Issue Discount Note, any accrued but unpaid “qualified stated
interest” payments (as defined in the Treasury Regulations regarding original issue discount issued by the Treasury Department (the “Regulations”)). The “Amortized Face Amount” of an
Original Issue Discount Note is equal to the sum of (i) the Issue Price (as defined below) of such Original Issue Discount Note and (ii) that portion of the difference between the Issue Price and the principal amount of such Original Issue
Discount Note that has been amortized at the Stated Yield (as defined below) of such Original Issue Discount Note (computed in accordance with Section 1272(a)(4) of the Internal Revenue Code of 1986, as amended, and Section 1.1275-1(b) of
the Regulations, in each case as in effect on the issue date of such Original Issue Discount Note) at the date as of which the Amortized Face Amount is calculated. In no event can the Amortized Face Amount exceed the principal amount of such Note
due at the stated maturity thereof. As used in the preceding sentence, the term “Issue Price” means the principal amount of such Original Issue Discount Note due at the stated maturity thereof less the “Original
Issue Discount” of such Original Issue Discount Note specified on the face thereof and in the applicable Pricing Supplement. The term “Stated Yield” of such Original Issue Discount Note means the
“Yield to Maturity” specified on the face of such Original Issue Discount Note and in the applicable Pricing Supplement for the period from the Original Issue Date of such Original Issue Discount Note, as specified on the
face of such Original Issue Discount Note and in the applicable Pricing Supplement, to the stated maturity thereof based on its Issue Price and stated redemption price at maturity thereof. 

(14) Each Note will be represented by either a master global note or a global note in fully registered form (each a “Global
Note”) registered in the name of the Depositary or a nominee of the Depositary (each such Note represented by a Global Note being herein referred to as a “Book-Entry Note”) or a certificate issued in definitive
registered form, without coupons (a “Certificated Note”), as set forth in the applicable Pricing Supplement. Unless otherwise specified in the applicable Pricing Supplement, The Depository Trust Company will act as
Depositary. The Notes may also be issued in the form of one or more Global Notes and registered in the name of the nominee of a common safekeeper or a common depositary for Clearstream Banking, société anonyme
(“Clearstream”) and Euroclear Bank S.A/N.V. (“Euroclear”). Except as provided in Section 2.06 of the Indenture or in the applicable Note, Book-Entry Notes will not be issuable in certificated form
and will not be exchangeable or transferable. So long as the Depositary or its nominee is the registered holder of any Global Note, the Depositary or its nominee, as the case may be, will be considered the sole Holder of the Book-Entry Note or Notes
represented by such Global Note for all purposes under the Indenture and the Notes. 
 (15) Subject to the terms of the Indenture and the
resolutions and authorization referred to in the first paragraph hereof, each Note shall have such other terms (which may be in addition to or different from the terms set forth herein and which may differ from the terms of other Notes) as are
specified in the applicable Pricing Supplement. 

  
 21 

 (16) Section 13.05 of the Indenture shall apply to the Notes. 

B. Establishment of Note Forms pursuant to Section 2.01 of Indenture. 

It is hereby established pursuant to Section 2.01 of the Indenture that the Global Securities representing Book-Entry Notes shall be
substantially in the forms attached as Exhibits A, B, C, D and E hereto, unless a different form is provided in the applicable Pricing Supplement or otherwise approved by an Authorized Officer. 

C. Establishment of Procedures for Authentication of Notes Pursuant to Section 2.04 of Indenture. 

It is hereby ordered pursuant to Section 2.04 of the Indenture that Notes may be authenticated by the Trustee and issued in accordance
with the Administrative Procedures attached hereto as Exhibit F and upon receipt by the Trustee (including by facsimile) of a Pricing Supplement (a “Pricing Supplement”) to this Officers’ Certificate, setting forth the
information specified or contemplated therein for the particular Notes to be authenticated and issued, in substantially the form attached as Exhibit G hereto or in such other form as may be approved by an Authorized Officer, such approval being
conclusively evidenced by the Authorized Officer’s execution or approval for filing with the Commission of the same or the Authorized Officer’s instruction to the Trustee to authenticate Notes having the terms specified in the same. If
such Pricing Supplement is executed, at least one officer signing such Pricing Supplement shall be an Authorized Officer as defined in the resolutions referred to in the first paragraph hereof. If such Pricing Supplement is not executed, Notes may
be authenticated by the Trustee and issued in accordance with the Administrative Procedures upon the telephonic, electronic or written order of an Authorized Officer. 

D. Other Matters. 

Attached as Exhibit H hereto are true and correct copies of resolutions duly adopted by the Board of Directors of the Company on
April 22, 2008, August 24, 2010, June 21, 2011, April 24, 2012, June 24, 2014 and June 27, 2017; such resolutions have not been further amended, modified or rescinded and remain in full force and
effect; and such resolutions are the only resolutions adopted by the Company’s Board of Directors or by any Authorized Officers relating to the offering and sale of the Notes. 

[THE REMAINDER OF THIS PAGE IS LEFT INTENTIONALLY BLANK] 

  
 22 

 The undersigned have read the sections of the Indenture, including the related definitions
contained therein, related to the establishment of (i) a series of Securities; (ii) the forms of such Securities and (iii) the procedures for authentication of such series of Securities. The undersigned have examined the resolutions
adopted by the Board of Directors of the Company. In the opinion of the undersigned, the undersigned have made such examination or investigation as is necessary to enable the undersigned to express an informed opinion as to whether or not the
covenants or conditions precedent to the establishment of (i) a series of Securities; (ii) the forms of such Securities and (iii) the procedures for authentication of such series of Securities, contained in the Indenture have been
complied with. In the opinion of the undersigned, such covenants and conditions have been complied with. 
  

			
	Dated: June 30, 2017	 	
		 	 BB&T CORPORATION
  

		 	 By /s/ Daryl N. Bible
                                         
                       
 Name: Daryl
N. Bible
 Title: Senior Executive Vice President and Chief

Financial Officer
  

		 	 By /s/ Hal S. Johnson
                                         
                       
 Name: Hal S.
Johnson
 Title: Executive Vice President and Treasurer

 Signature Page to Officers’ Certificate and Company Order (Senior) 

 EXHIBIT A: FORM OF GLOBAL FIXED RATE NOTE 

 EXHIBIT B: FORM OF GLOBAL FLOATING RATE NOTE 

 EXHIBIT C: FORM OF GLOBAL OID ZERO COUPON NOTE 

 EXHIBIT D: FORM OF GLOBAL OID FIXED RATE NOTE 

 EXHIBIT E: FORM OF MASTER GLOBAL NOTE 

 EXHIBIT F: ADMINISTRATIVE PROCEDURES 

 EXHIBIT G: FORM OF PRICING SUPPLEMENT 

 EXHIBIT H: BOARD RESOLUTIONS

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