Document:

EX-10.1

 Exhibit 10.1 
 SANTARUS, INC. 
 AMENDED AND RESTATED 2004 EQUITY INCENTIVE AWARD PLAN

 (as amended and restated effective June 11, 2013) 

ARTICLE 1 

PURPOSE 

1.1 General. The purpose of the Santarus, Inc. Amended and Restated 2004 Equity Incentive Award Plan, as amended and restated
effective June 11, 2013 (the “Plan”) is to promote the success and enhance the value of Santarus, Inc. (the “Company”) by linking the personal interests of the members of the Board, employees,
consultants, officers, and executives of the Company and any Subsidiary, to those of Company stockholders and by providing such individuals with an incentive for outstanding performance to generate superior returns to Company stockholders. The Plan
is further intended to provide flexibility to the Company in its ability to motivate, attract, and retain the services of members of the Board, employees, consultants, officers, and executives of the Company upon whose judgment, interest, and
special effort the successful conduct of the Company’s operation is largely dependent. 
 ARTICLE 2 

DEFINITIONS AND CONSTRUCTION 
 2.1 Definitions. The following words and phrases shall have the following meanings: 
 (a) “Award” means an Option, a Restricted Stock award, a Stock Appreciation Right award, a Performance Share award, a Dividend Equivalents award, a Stock Payment award, a
Restricted Stock Unit award, or a Performance-Based Award granted to a Participant pursuant to the Plan. 
 (b)
“Award Agreement” means any written agreement, contract, or other instrument or document evidencing an Award. 
 (c) “Board” means the Board of Directors of the Company. 

(d) “Cause” includes one or more of the following: (i) the commission of an act of fraud, embezzlement or
dishonesty by a Participant that has a material adverse impact on the Company or any successor or parent or Subsidiary thereof; (ii) a conviction of, or plea of “guilty” or “no contest” to, a felony by a Participant;
(iii) any unauthorized use or disclosure by a Participant of confidential information or trade secrets of the Company or any successor or parent or Subsidiary thereof that has a material adverse impact on any such entity or (iv) any other
intentional misconduct by a Participant that has a material adverse impact on the Company or any successor or parent or Subsidiary thereof. However, if the term or concept of “Cause” has been defined in an agreement between a Participant
and the Company or any successor or parent or Subsidiary thereof, then “Cause” shall have the definition set forth in such agreement. The foregoing definition shall not in any way preclude or restrict the right of the Company or any
successor or parent or Subsidiary thereof to discharge or dismiss any Participant in the service of such entity for any other acts or omissions, but such other acts or omissions shall not be deemed, for purposes of this Plan, to constitute grounds
for termination for Cause. 

 (e) “Change of Control” means and includes each of the following:

 (1) the acquisition, directly or indirectly, by any “person” or “group” (as those terms are defined in
Sections 3(a)(9), 13(d) and 14(d) of the Exchange Act and the rules thereunder) of “beneficial ownership” (as determined pursuant to Rule 13d-3 under the Exchange Act) of securities entitled to vote generally in the election of
directors (“voting securities”) of the Company that represent 50% or more of the combined voting power of the Company’s then outstanding voting securities, other than: 

(A) an acquisition by a trustee or other fiduciary holding securities under any employee benefit plan (or related trust) sponsored or
maintained by the Company or any person controlled by the Company or by any employee benefit plan (or related trust) sponsored or maintained by the Company or any person controlled by the Company, or 

(B) an acquisition of voting securities by the Company or a corporation owned, directly or indirectly by the stockholders of the Company
in substantially the same proportions as their ownership of the stock of the Company; 
 Notwithstanding the foregoing, the
following event shall not constitute an “acquisition” by any person or group for purposes of this subsection (e): an acquisition of the Company’s securities by the Company that causes the Company’s voting securities beneficially
owned by a person or group to represent 50% or more of the combined voting power of the Company’s then outstanding voting securities; provided, however, that if a person or group shall become the beneficial owner of 50% or more of the
combined voting power of the Company’s then outstanding voting securities by reason of share acquisitions by the Company as described above and shall, after such share acquisitions by the Company, become the beneficial owner of any additional
voting securities of the Company, then such acquisition shall constitute a Change of Control; or 
 (2) during any period of
two consecutive years, individuals who, at the beginning of such period, constitute the Board together with any new director(s) (other than a director designated by a person who shall have entered into an agreement with the Company to effect a
transaction described in clauses (1) or (3) of this subsection (e)) whose election by the Board or nomination for election by the Company’s stockholders was approved by a vote of at least two-thirds of the directors then still in
office who either were directors at the beginning of the two year period or whose election or nomination for election was previously so approved, cease for any reason to constitute a majority thereof; or 

(3) the consummation by the Company (whether directly involving the Company or indirectly involving the Company through one or more
intermediaries) of (x) a merger, consolidation, reorganization, or business combination or (y) a sale or other disposition of all or substantially all of the Company’s assets or (z) the acquisition of assets or stock of another
entity, in each case other than a transaction: 
 (A) which results in the Company’s voting securities outstanding
immediately before the transaction continuing to represent (either by remaining outstanding or by being converted into voting securities of the Company or the person that, as a 

  
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result of the transaction, controls, directly or indirectly, the Company or owns, directly or indirectly, all or substantially all of the Company’s assets or otherwise succeeds to the
business of the Company (the Company or such person, the “Successor Entity”)) directly or indirectly, at least a majority of the combined voting power of the Successor Entity’s outstanding voting securities immediately
after the transaction, and 
 (B) after which no person or group beneficially owns voting securities representing 50% or more
of the combined voting power of the Successor Entity; provided, however, that no person or group shall be treated for purposes of this clause (B) as beneficially owning 50% or more of combined voting power of the Successor Entity solely
as a result of the voting power held in the Company prior to the consummation of the transaction; or 
 (4) the Company’s
stockholders approve a liquidation or dissolution of the Company. 
 Notwithstanding the foregoing, with respect to the
occurrence of any of the foregoing which would result in the distribution of Stock or other property under an Award subject to Section 409A of the Code, a Change of Control shall not be deemed to have occurred unless such event constitutes a
change in the ownership or effective control of the Company or a change in the ownership of a substantial portion of the assets of a corporation, in each case within the meaning of, and in accordance with, Treasury Regulation
Section 1.409A-3(i)(5). 
 (f) “Code” means the Internal Revenue Code of 1986, as amended.

 (g) “Committee” means the committee of the Board described in Article 12. 

(h) “Covered Employee” means an Employee who is, or could be, a “covered employee” within the meaning
of Section 162(m) of the Code. 
 (i) “Disability” means, for purposes of this Plan, that the
Participant qualifies to receive long-term disability payments under the Company’s long-term disability insurance program, as it may be amended from time to time. 
 (j) “Dividend Equivalents” means a right granted to a Participant pursuant to Article 8 to receive the equivalent value (in cash or Stock) of dividends paid on Stock. 

(k) “Employee” means any officer or other employee (as defined in accordance with Section 3401(c) of the
Code) of the Company or any Subsidiary. 
 (l) “Exchange Act” means the Securities Exchange Act of 1934,
as amended. 
 (m) “Fair Market Value” shall mean, as of any date, the value of Stock determined as
follows: 
 (1) If the Stock is listed on any established stock exchange, its Fair Market Value shall be the closing sales
price for such stock (or the closing bid, if no sales were reported) as quoted on such exchange on the date of determination (or the most recent preceding 

  
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day on which sales were reported if none were reported on such date), as reported in The Wall Street Journal or such other source as the Committee deems reliable; 

(2) If the Stock is regularly quoted by a recognized securities dealer but selling prices are not reported, its Fair Market Value shall
be the mean of the closing bid and asked prices for the Stock on the date of determination (or the most recent preceding day on which bid and asked prices were reported if none were reported on such date), as reported in The Wall Street
Journal or such other source as the Committee deems reliable; or 
 (3) In the absence of an established market for the
Stock, the Fair Market Value thereof shall be determined in good faith by the Committee. 
 (n) “Good
Reason” means a Participant’s voluntary resignation following any one or more of the following that is effected without the Participant’s written consent: (i) a change in his or her position following the Change of
Control that materially reduces his or her duties or responsibilities, (ii) a reduction in his or her base salary following a Change of Control, unless the base salaries of all similarly situated individuals are similarly reduced, or
(iii) a relocation of such Participant’s place of employment of more than fifty (50) miles following a Change of Control provided, that, with respect to Awards granted on or after the Effective Date (as defined in
Section 13.1), the Participant shall (A) provide to the Company in writing, in reasonable detail, notice of any of the foregoing conditions within 90 days following the initial existence of such condition, (B) afford the Company 30
days to remedy such condition, and (C) resign within two years following the initial existence of such condition. However, if the term or concept of “Good Reason” has been defined in an agreement between a Participant and the Company
or any successor or parent or Subsidiary thereof, then “Good Reason” shall have the definition set forth in such agreement. 
 (o) “Incentive Stock Option” means an Option that is intended to meet the requirements of Section 422 of the Code or any successor provision thereto. 

(p) “Non-Employee Director” means a member of the Board who qualifies as a “Non-Employee Director” as
defined in Rule 16b-3(b)(3) of the Exchange Act, or any successor definition adopted by the Board. 
 (q)
“Non-Qualified Stock Option” means an Option that is not intended to be an Incentive Stock Option. 

(r) “Option” means a right granted to a Participant pursuant to Article 5 of the Plan to purchase a specified
number of shares of Stock at a specified price during specified time periods. An Option may be either an Incentive Stock Option or a Non-Qualified Stock Option. 
 (s) “Participant” means a person who, as a member of the Board, consultant to the Company or any Subsidiary or Employee, has been granted an Award pursuant to the Plan. 

(t) “Performance-Based Award” means an Award granted to selected Covered Employees pursuant to Articles 6 and 8,
but which is subject to the terms and conditions set forth in Article 9. All Performance-Based Awards are intended to qualify as Qualified Performance-Based Compensation. 

  
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 (u) “Performance Criteria” means the criteria that the Committee
selects for purposes of establishing the Performance Goal or Performance Goals for a Participant for a Performance Period. The Performance Criteria that will be used to establish Performance Goals are limited to the following: net earnings (either
before or after interest, taxes, depreciation and amortization), net losses, sales or revenue, operating earnings, operating cash flow, return on net assets, return on stockholders’ equity, return on assets, return on capital, stockholder
returns, gross or net profit margin, earnings per share, price per share of Stock, and market share, implementation or completion of projects or processes, attainment of strategic and operational initiatives, achievement of drug development
milestones, regulatory achievements including approval of a drug candidate, progress of internal research or clinical programs, clinical achievements, completing phases of a clinical study (including the treatment phase), or announcing or presenting
preliminary or final data from clinical studies, in each case, whether on particular timelines or generally), timely completion of clinical trials, submission of INDs and NDAs and other regulatory achievements, research progress, including the
development of programs, and manufacturing achievements (including obtaining particular yields from manufacturing runs and other measurable objectives related to process development activities), any of which may be measured either in absolute terms
or as compared to any incremental increase or as compared to results of a peer group. The Committee shall, within the time prescribed by Section 162(m) of the Code, define in an objective fashion the manner of calculating the Performance
Criteria it selects to use for such Performance Period for such Participant. 
 (v) “Performance Goals”
means, for a Performance Period, the goals established in writing by the Committee for the Performance Period based upon the Performance Criteria. Depending on the Performance Criteria used to establish such Performance Goals, the Performance Goals
may be expressed in terms of overall Company performance or the performance of a division, business unit, or an individual. The Committee, in its discretion, may, within the time prescribed by Section 162(m) of the Code, adjust or modify the
calculation of Performance Goals for such Performance Period in order to prevent the dilution or enlargement of the rights of Participants (i) in the event of, or in anticipation of, any unusual or extraordinary corporate item, transaction,
event, or development, or (ii) in recognition of, or in anticipation of, any other unusual or nonrecurring events affecting the Company, or the financial statements of the Company, or in response to, or in anticipation of, changes in applicable
laws, regulations, accounting principles, or business conditions. 
 (w) “Performance Period” means the
one or more periods of time, which may be of varying and overlapping durations, as the Committee may select, over which the attainment of one or more Performance Goals will be measured for the purpose of determining a Participant’s right to,
and the payment of, a Performance-Based Award. 
 (x) “Performance Share” means a right granted to a
Participant pursuant to Article 8, to receive cash, Stock, or other Awards, the payment of which is contingent upon achieving certain performance goals established by the Committee. 

(y) “Plan” means this Santarus, Inc. Amended and Restated 2004 Equity Incentive Award Plan, as amended and
restated effective June 11, 2013. 

  
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 (z) “Predecessor Plans” means the Santarus, Inc. Amended and
Restated 2004 Equity Incentive Award Plan, effective as of November 30, 2007, and the Santarus, Inc. 1998 Stock Option Plan. 
 (aa) “Public Trading Date” means the first date upon which Stock is listed (or approved for listing) upon notice of issuance on any securities exchange or designated (or approved
for designation) upon notice of issuance as a national market security on an interdealer quotation system. 
 (bb)
“Qualified Performance-Based Compensation” means any compensation that is intended to qualify as “qualified performance-based compensation” as described in Section 162(m)(4)(C) of the Code. 

(cc) “Restricted Stock” means Stock awarded to a Participant pursuant to Article 6 that is subject to certain
restrictions and to risk of forfeiture. 
 (dd) “Restricted Stock Unit” means a unit denominating a
share of Stock that gives the right to receive a payment in cash and/or Stock, awarded to a Participant pursuant to Article 8. 

(ee) “Stock” means the common stock of the Company and such other securities of the Company that may be
substituted for Stock pursuant to Article 11. 
 (ff) “Stock Appreciation Right” or
“SAR” means a right granted pursuant to Article 7 to receive a payment equal to the excess of the Fair Market Value of a specified number of shares of Stock on the date the SAR is exercised over the Fair Market Value on the
date the SAR was granted as set forth in the applicable Award Agreement. 
 (gg) “Stock Payment” means
(a) a payment in the form of shares of Stock, or (b) an option or other right to purchase shares of Stock, as part of any bonus, deferred compensation or other arrangement, made in lieu of all or any portion of the compensation, granted
pursuant to Article 8. 
 (hh) “Subsidiary” means any corporation or other entity of which a majority of
the outstanding voting stock or voting power is beneficially owned directly or indirectly by the Company. 
 ARTICLE 3

 SHARES SUBJECT TO THE PLAN 
 3.1 Number of Shares. 
 (a) Subject to Article 11, the aggregate number of
shares of Stock which may be issued or transferred pursuant to Awards under the Plan shall be 28,790,135. Such share reserve shall be comprised of (i) up to 21,045,825 shares of Stock subject to awards issued and outstanding under the
Predecessor Plans as of March 15, 2013 (which shares of Stock will become available for issuance under the Plan in the event of the termination, expiration or lapse of such awards prior to their exercise and/or vesting), plus
(ii) 2,744,310 shares of Stock 

  
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available for issuance under the Plan prior to the amendment approved by the Board on April 5, 2013, plus (iii) an additional 5,000,000 shares of Stock approved for issuance under the
Plan on April 5, 2013 by the Board. The payment of Dividend Equivalents payable in cash in conjunction with any outstanding Awards shall not be counted against the shares available for issuance under the Plan. 

(b) To the extent that an Award terminates, expires, or lapses for any reason, any shares of Stock subject to the Award shall again be
available for the grant of an Award pursuant to the Plan. Additionally, any shares of Stock tendered or withheld to satisfy the grant or exercise price or tax withholding obligation pursuant to any Award shall again be available for the grant of an
Award pursuant to the Plan. To the extent permitted by applicable law or any exchange rule, shares of Stock issued in assumption of, or in substitution for, any outstanding awards of any entity acquired in any form of combination by the Company or
any Subsidiary shall not be counted against shares of Stock available for grant pursuant to this Plan. 
 (c) Notwithstanding
the provisions of this Section 3.1 no shares of Stock may again be optioned, granted or awarded if such action would cause an Incentive Stock Option to fail to qualify as an Incentive Stock Option under Code Section 422. 

3.2 Stock Distributed. Any Stock distributed pursuant to an Award may consist, in whole or in part, of authorized and unissued
Stock, treasury Stock or Stock purchased on the open market. 
 3.3 Limitation on Number of Shares Subject to Awards.
Notwithstanding any provision in the Plan to the contrary, and subject to Article 11, the maximum number of shares of Stock with respect to one or more Awards that may be granted to any one Participant during a calendar year shall be 2,000,000.

 ARTICLE 4 
 ELIGIBILITY AND PARTICIPATION 
 4.1 Eligibility. 

(a) General. Persons eligible to participate in this Plan include Employees, consultants to the Company or any Subsidiary and all members
of the Board, as determined by the Committee. 
 (b) Foreign Participants. In order to assure the viability of Awards granted to
Participants employed in foreign countries, the Committee may provide for such special terms as it may consider necessary or appropriate to accommodate differences in local law, tax policy, or custom. Moreover, the Committee may approve such
supplements to, or amendments, restatements, or alternative versions of, the Plan as it may consider necessary or appropriate for such purposes without thereby affecting the terms of the Plan as in effect for any other purpose; provided,
however, that no such supplements, amendments, restatements, or alternative versions shall increase the share limitations contained in Sections 3.1 and 3.3 of the Plan. 
 4.2 Actual Participation. Subject to the provisions of the Plan, the Committee may, from time to time, select from among all eligible individuals, those to whom Awards shall be

  
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granted and shall determine the nature and amount of each Award. No individual shall have any right to be granted an Award pursuant to this Plan. 

ARTICLE 5 

STOCK OPTIONS 
 5.1 General. The Committee is authorized to grant Options to Participants on the following terms and conditions: 
 (a) Exercise Price. The exercise price per share of Stock subject to an Option shall be determined by the Committee and set forth in the Award Agreement; provided that the exercise price for any
Option shall not be less than 100% of the Fair Market Value of a share of Stock on the date of grant. 
 (b) Time And Conditions
Of Exercise. The Committee shall determine the time or times at which an Option may be exercised in whole or in part, provided that the term of any Option granted under the Plan shall not exceed ten years, and provided further, that in
the case of a Non-Qualified Stock Option, such Option shall be exercisable for one year after the date of the Participant’s death. The Committee shall also determine the performance or other conditions, if any, that must be satisfied before all
or part of an Option may be exercised. 
 (c) Payment. The Committee shall determine the methods by which the exercise price of
an Option may be paid, the form of payment, including, without limitation, cash, promissory note bearing interest at no less than such rate as shall then preclude the imputation of interest under the Code, shares of Stock held for longer than six
months having a Fair Market Value on the date of delivery equal to the aggregate exercise price of the Option or exercised portion thereof, or other property acceptable to the Committee (including through the delivery of a notice that the
Participant has placed a market sell order with a broker with respect to shares of Stock then issuable upon exercise of the Option, and that the broker has been directed to pay a sufficient portion of the net proceeds of the sale to the Company in
satisfaction of the Option exercise price, provided that payment of such proceeds is then made to the Company upon settlement of such sale), and the methods by which shares of Stock shall be delivered or deemed to be delivered to
Participants. Notwithstanding any other provision of the Plan to the contrary, no Participant who is a member of the Board or an “executive officer” of the Company within the meaning of Section 13(k) of the Exchange Act shall be
permitted to pay the exercise price of an Option in any method which would violate Section 13(k). 
 (d) Evidence Of Grant.
All Options shall be evidenced by a written Award Agreement between the Company and the Participant. The Award Agreement shall include such additional provisions as may be specified by the Committee. 

5.2 Incentive Stock Options. Incentive Stock Options shall be granted only to Employees who are employed by the Company or a
subsidiary corporation within the meaning of Code Section 424(f) and the terms of any Incentive Stock Options granted pursuant to the Plan must comply with the following additional provisions of this Section 5.2: 

  
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 (a) Exercise Price. The exercise price per share of Stock shall be set by the Committee,
provided that the exercise price for any Incentive Stock Option shall not be less than 100% of the Fair Market Value of a share of Stock on the date of grant. 
 (b) Expiration Of Option. An Incentive Stock Option may not be exercised to any extent by anyone after the first to occur of the following events: 

(1) Ten years from the date it is granted, unless an earlier time is set in the Award Agreement. 

(2) One year after the date of the Participant’s termination of employment or service on account of Disability or death, unless in
the case of death a shorter or longer period is designated in the Award Agreement. Upon the Participant’s Disability or death, any Incentive Stock Options exercisable at the Participant’s Disability or death may be exercised by the
Participant’s legal representative or representatives, by the person or persons entitled to do so pursuant to the Participant’s last will and testament, or, if the Participant fails to make testamentary disposition of such Incentive Stock
Option or dies intestate, by the person or persons entitled to receive the Incentive Stock Option pursuant to the applicable laws of descent and distribution. 
 (c) Individual Dollar Limitation. The aggregate Fair Market Value (determined as of the time the Option is granted) of all shares of Stock with respect to which Incentive Stock Options are first
exercisable by a Participant in any calendar year may not exceed $100,000.00 or such other limitation as imposed by Section 422(d) of the Code, or any successor provision. To the extent that Incentive Stock Options are first exercisable by a
Participant in excess of such limitation, the excess shall be considered Non-Qualified Stock Options. 
 (d) Ten Percent Owners.
An Incentive Stock Option shall be granted to any individual who, at the date of grant, owns stock possessing more than ten percent of the total combined voting power of all classes of stock of the Company or its parent or subsidiary corporations
(within the meaning of Code Sections 424(e) and (f)) only if such Option is granted at a price that is not less than 110% of Fair Market Value of a share of Stock on the date of grant and the Option is exercisable for no more than five years from
the date of grant. 
 (e) Transfer Restriction. The Participant shall give the Company prompt notice of any disposition of
shares of Stock acquired by exercise of an Incentive Stock Option within (1) two years from the date of grant of such Incentive Stock Option or (2) one year after the transfer of such shares of Stock to the Participant. 

(f) Expiration Of Incentive Stock Options. No Award of an Incentive Stock Option may be made pursuant to this Plan after the Expiration
Date (as defined in Section 13.2). 
 (g) Right To Exercise. During a Participant’s lifetime, an Incentive Stock
Option may be exercised only by the Participant. 

  
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 ARTICLE 6 
 RESTRICTED STOCK AWARDS 
 6.1 Grant of Restricted Stock. The
Committee is authorized to make Awards of Restricted Stock to any Participant selected by the Committee in such amounts and subject to such terms and conditions as determined by the Committee. All Awards of Restricted Stock shall be evidenced by a
written Restricted Stock Award Agreement. 
 6.2 Issuance and Restrictions. Restricted Stock shall be subject to such
restrictions on transferability and other restrictions as the Committee may impose (including, without limitation, limitations on the right to vote Restricted Stock or the right to receive dividends on the Restricted Stock). These restrictions may
lapse separately or in combination at such times, pursuant to such circumstances, in such installments, or otherwise, as the Committee determines at the time of the grant of the Award or thereafter. 

6.3 Forfeiture. Except as otherwise determined by the Committee at the time of the grant of the Award or thereafter, upon
termination of employment or service during the applicable restriction period, Restricted Stock that is at that time subject to restrictions shall be forfeited; provided, however, that the Committee may provide in any Restricted
Stock Award Agreement that restrictions or forfeiture conditions relating to Restricted Stock will be waived in whole or in part in the event of terminations resulting from specified causes, and the Committee may in other cases waive in whole or in
part restrictions or forfeiture conditions relating to Restricted Stock. 
 6.4 Certificates For Restricted Stock.
Restricted Stock granted pursuant to the Plan may be evidenced in such manner as the Committee shall determine. If certificates representing shares of Restricted Stock are registered in the name of the Participant, certificates must bear an
appropriate legend referring to the terms, conditions, and restrictions applicable to such Restricted Stock, and the Company may, at its discretion, retain physical possession of the certificate until such time as all applicable restrictions lapse.

 ARTICLE 7 
 STOCK APPRECIATION RIGHTS 
 7.1 Grant of Stock
Appreciation Rights. A Stock Appreciation Right may be granted to any Participant selected by the Committee. A Stock Appreciation Right may be granted (a) in connection and simultaneously with the grant of an Option, (b) with respect
to a previously granted Option, or (c) independent of an Option. A Stock Appreciation Right shall be subject to such terms and conditions not inconsistent with the Plan as the Committee shall impose and shall be evidenced by an Award
Agreement. 
 7.2 Coupled Stock Appreciation Rights. 

(a) A Coupled Stock Appreciation Right (“CSAR”) shall be related to a particular Option and shall be exercisable only
when and to the extent the related Option is exercisable. 

  
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 (b) A CSAR may be granted to a Participant for no more than the number of shares subject to
the simultaneously or previously granted Option to which it is coupled. 
 (c) A CSAR shall entitle the Participant (or other
person entitled to exercise the Option pursuant to the Plan) to surrender to the Company unexercised a portion of the Option to which the CSAR relates (to the extent then exercisable pursuant to its terms) and to receive from the Company in exchange
therefor an amount determined by multiplying the difference obtained by subtracting the Option exercise price from the Fair Market Value of a share of Stock on the date of exercise of the CSAR by the number of shares of Stock with respect to which
the CSAR shall have been exercised, subject to any limitations the Committee may impose. 
 7.3 Independent Stock
Appreciation Rights. 
 (a) An Independent Stock Appreciation Right (“ISAR”) shall be unrelated to
any Option and shall have a term set by the Committee. An ISAR shall be exercisable in such installments as the Committee may determine. An ISAR shall cover such number of shares of Stock as the Committee may determine. The exercise price per share
of Stock subject to each ISAR shall not be less than 100% of the Fair Market Value of a share of Stock on the date of grant. The Committee in its sole and absolute discretion may provide that the ISAR may be exercised subsequent to a termination of
employment or service, as applicable, or following a Change of Control of the Company, or because of the Participant’s retirement, death or disability, or otherwise. 
 (b) An ISAR shall entitle the Participant (or other person entitled to exercise the ISAR pursuant to the Plan) to exercise all or a specified portion of the ISAR (to the extent then exercisable pursuant
to its terms) and to receive from the Company an amount determined by multiplying the difference obtained by subtracting the exercise price per share of the ISAR from the Fair Market Value of a share of Stock on the date of exercise of the ISAR by
the number of shares of Stock with respect to which the ISAR shall have been exercised, subject to any limitations the Committee may impose. 
 7.4 Payment and Limitations on Exercise. 
 (a) Payment of the amounts
determined under Section 7.2(c) and 7.3(b) above shall be in cash, in Stock (based on its Fair Market Value as of the date the Stock Appreciation Right is exercised) or a combination of both, as determined by the Committee. 

(b) To the extent any payment under Section 7.2(c) or 7.3(b) is effected in Stock it shall be made subject to satisfaction of all
provisions of Article 5 above pertaining to Options. 
 ARTICLE 8 

OTHER TYPES OF AWARDS 
 8.1 Performance Share Awards. Any Participant selected by the Committee may be granted one or more Performance Share awards which may be denominated in a number of shares of Stock or in a dollar
value of shares of Stock and which may be linked to any one or more of the Performance Criteria or other specific performance criteria determined appropriate 

  
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by the Committee, in each case on a specified date or dates or over any period or periods determined by the Committee. In making such determinations, the Committee shall consider (among such
other factors as it deems relevant in light of the specific type of award) the contributions, responsibilities and other compensation of the particular Participant. 
 8.2 Dividend Equivalents. 
 (a) Any Participant selected by the Committee
may be granted Dividend Equivalents based on the dividends declared on the shares of Stock that are subject to any Award, to be credited as of dividend payment dates, during the period between the date the Award is granted and the date the Award is
exercised, vests or expires, as determined by the Committee. Such Dividend Equivalents shall be converted to cash or additional shares of Stock by such formula and at such time and subject to such limitations as may be determined by the Committee.

 (b) Dividend Equivalents granted with respect to Options or SARs that are intended to be Qualified Performance-Based
Compensation shall be payable, with respect to pre-exercise periods, regardless of whether such Option or SAR is subsequently exercised. 
 8.3 Stock Payments. 
 Any Participant selected by the
Committee may receive Stock Payments in the manner determined from time to time by the Committee. The number of shares shall be determined by the Committee and may be based upon the Performance Criteria or other specific performance criteria
determined appropriate by the Committee, determined on the date such Stock Payment is made or on any date thereafter. 
 8.4
Restricted Stock Units. 
 Any Participant selected by the Committee may be granted an award of Restricted
Stock Units in the manner determined from time to time by the Committee. The number of Restricted Stock Units shall be determined by the Committee and may be linked to the Performance Criteria or other specific performance criteria determined to be
appropriate by the Committee, in each case on a specified date or dates or over any period or periods determined by the Committee. Stock underlying a Restricted Stock Unit award will not be issued until the applicable portion of the Restricted Stock
Unit award has vested, pursuant to a vesting schedule or performance criteria set by the Committee, and the issuance of such Stock may, at the Committee’s discretion, be deferred beyond an applicable vesting date, provided such deferral
complies in all respects with Section 409A of the Code any Treasury Regulations promulgated thereunder. Unless otherwise provided by the Committee, a Participant awarded Restricted Stock Units shall have no rights as a Company stockholder with
respect to such Restricted Stock Units until such time as any Restricted Stock Unit has vested and the Stock underlying the such vested Restricted Stock Unit has been issued. 
 8.5 Term. 
 The term of any Award of Performance Shares,
Dividend Equivalents, Stock Payments or Restricted Stock Units, if any, shall be set by the Committee in its discretion. 
 8.6
Exercise or Purchase Price.  

  
 12 

 The Committee may establish the exercise or purchase price of any Award of Performance
Shares, Restricted Stock Units or Stock Payments; provided, however, that such price shall not be less than the par value of a share of Stock, unless otherwise permitted by applicable state law. 

8.7 Exercise Upon Termination of Employment or Service. An Award of Performance Shares, Dividend Equivalents, Restricted Stock
Units and Stock Payments shall only be exercisable or payable while the Participant is an Employee, consultant to the Company or a member of the Board, as applicable; provided, however, that the Committee in its sole and absolute discretion may
provide that an Award of Performance Shares, Dividend Equivalents, Stock Payments or Restricted Stock Units may be exercised or paid subsequent to a termination of employment or service, as applicable, or following a Change of Control of the
Company, or because of the Participant’s retirement, death or disability, or otherwise; provided, however, that any such provision with respect to Performance Shares shall be subject to the requirements of Section 162(m) of the Code that
apply to Qualified Performance-Based Compensation and any such provision shall also comply with Section 409A of the Code any Treasury Regulations promulgated thereunder. 
 8.8 Form of Payment. 
 Payments with respect to any Awards
granted under this Article 8 shall be made in cash, in Stock or a combination of both, as determined by the Committee. 
 8.9
Award Agreement. All Awards under this Article 8 shall be subject to such additional terms and conditions as determined by the Committee and shall be evidenced by a written Award Agreement. 

ARTICLE 9 

PERFORMANCE-BASED AWARDS 
 9.1 Purpose. The purpose of this Article 9 is to provide the Committee the ability to qualify Awards other than Options and SARs and that are granted pursuant to Articles 6 and 8 as Qualified
Performance-Based Compensation. If the Committee, in its discretion, decides to grant a Performance-Based Award to a Covered Employee, the provisions of this Article 9 shall control over any contrary provision contained in Articles 6 or 8;
provided, however, that the Committee may in its discretion grant Awards to Covered Employees that are based on Performance Criteria or Performance Goals but that do not satisfy the requirements of this Article 9. 

9.2 Applicability. This Article 9 shall apply only to those Covered Employees selected by the Committee to receive
Performance-Based Awards. The designation of a Covered Employee as a Participant for a Performance Period shall not in any manner entitle the Participant to receive an Award for the period. Moreover, designation of a Covered Employee as a
Participant for a particular Performance Period shall not require designation of such Covered Employee as a Participant in any subsequent Performance Period and designation of one Covered Employee as a Participant shall not require designation of
any other Covered Employees as a Participant in such period or in any other period. 

  
 13 

 9.3 Procedures With Respect to Performance-Based Awards. To the extent necessary to
comply with the Qualified Performance-Based Compensation requirements of Section 162(m)(4)(C) of the Code, with respect to any Award granted under Articles 6 and 8 which may be granted to one or more Covered Employees, no later than ninety
(90) days following the commencement of any fiscal year in question or any other designated fiscal period or period of service (or such other time as may be required or permitted by Section 162(m) of the Code), the Committee shall, in
writing, (i) designate one or more Covered Employees, (ii) select the Performance Criteria applicable to the Performance Period, (iii) establish the Performance Goals, and amounts of such Awards, as applicable, which may be earned for
such Performance Period, and (iv) specify the relationship between Performance Criteria and the Performance Goals and the amounts of such Awards, as applicable, to be earned by each Covered Employee for such Performance Period. Following the
completion of each Performance Period, the Committee shall certify in writing whether the applicable Performance Goals have been achieved for such Performance Period. In determining the amount earned by a Covered Employee, the Committee shall have
the right to reduce or eliminate (but not to increase) the amount payable at a given level of performance to take into account additional factors that the Committee may deem relevant to the assessment of individual or corporate performance for the
Performance Period. 
 9.4 Payment of Performance-Based Awards. Unless otherwise provided in the applicable Award
Agreement, a Participant must be employed by the Company or a Subsidiary on the day a Performance-Based Award for such Performance Period is paid to the Participant. Furthermore, a Participant shall be eligible to receive payment pursuant to a
Performance-Based Award for a Performance Period only if the Performance Goals for such period are achieved. In determining the amount earned under a Performance-Based Award, the Committee may reduce or eliminate the amount of the Performance-Based
Award earned for the Performance Period, if in its sole and absolute discretion, such reduction or elimination is appropriate. 

9.5 Additional Limitations. Notwithstanding any other provision of the Plan, any Award which is granted to a Covered Employee and
is intended to constitute Qualified Performance-Based Compensation shall be subject to any additional limitations set forth in Section 162(m) of the Code (including any amendment to Section 162(m) of the Code) or any regulations or rulings
issued thereunder that are requirements for qualification as qualified performance-based compensation as described in Section 162(m)(4)(C) of the Code, and the Plan shall be deemed amended to the extent necessary to conform to such
requirements. 
 ARTICLE 10 
 PROVISIONS APPLICABLE TO AWARDS 
 10.1 Stand-Alone and Tandem
Awards. Awards granted pursuant to the Plan may, in the discretion of the Committee, be granted either alone, in addition to, or in tandem with, any other Award granted pursuant to the Plan. Awards granted in addition to or in tandem with other
Awards may be granted either at the same time as or at a different time from the grant of such other Awards. 
 10.2 Award
Agreement. Awards under the Plan shall be evidenced by Award Agreements that set forth the terms, conditions and limitations for each Award which may include the term of an Award, the provisions applicable in the event the Participant’s

  
 14 

 
employment or service terminates, and the Company’s authority to unilaterally or bilaterally amend, modify, suspend, cancel or rescind an Award. 

10.3 Limits on Transfer. No right or interest of a Participant in any Award may be pledged, encumbered, or hypothecated to or in
favor of any party other than the Company or a Subsidiary, or shall be subject to any lien, obligation, or liability of such Participant to any other party other than the Company or a Subsidiary. Except as otherwise provided by the Committee, no
Award shall be assigned, transferred, or otherwise disposed of by a Participant other than by will or the laws of descent and distribution. The Committee by express provision in the Award or an amendment thereto may permit an Award (other than an
Incentive Stock Option) to be transferred to, exercised by and paid to certain persons or entities related to the Participant, including but not limited to members of the Participant’s family, charitable institutions, or trusts or other
entities whose beneficiaries or beneficial owners are members of the Participant’s family and/or charitable institutions, or to such other persons or entities as may be expressly approved by the Committee, pursuant to such conditions and
procedures as the Committee may establish. Any permitted transfer may be subject to the condition that the Committee receive evidence satisfactory to it that the transfer is being made for estate and/or tax planning purposes (or to a “blind
trust” in connection with the Participant’s termination of employment or service with the Company or a Subsidiary to assume a position with a governmental, charitable, educational or similar non-profit institution) and on a basis
consistent with the Company’s lawful issue of securities. 
 10.4 Beneficiaries. Notwithstanding Section 10.3,
a Participant may, in the manner determined by the Committee, designate a beneficiary to exercise the rights of the Participant and to receive any distribution with respect to any Award upon the Participant’s death. A beneficiary, legal
guardian, legal representative, or other person claiming any rights pursuant to the Plan is subject to all terms and conditions of the Plan and any Award Agreement applicable to the Participant, except to the extent the Plan and Award Agreement
otherwise provide, and to any additional restrictions deemed necessary or appropriate by the Committee. If the Participant is married and resides in a community property state, a designation of a person other than the Participant’s spouse as
his beneficiary with respect to more than 50% of the Participant’s interest in the Award shall not be effective without the prior written consent of the Participant’s spouse. If no beneficiary has been designated or survives the
Participant, payment shall be made to the person entitled thereto pursuant to the Participant’s will or the laws of descent and distribution. Subject to the foregoing, a beneficiary designation may be changed or revoked by a Participant at any
time provided the change or revocation is filed with the Committee. 
 10.5 Stock Certificates. Notwithstanding anything
herein to the contrary, the Company shall not be required to issue or deliver any certificates evidencing shares of Stock pursuant to the exercise of any Award, unless and until the Board has determined, with advice of counsel, that the issuance and
delivery of such certificates is in compliance with all applicable laws, regulations of governmental authorities and, if applicable, the requirements of any exchange on which the shares of Stock are listed or traded. All Stock certificates delivered
pursuant to the Plan are subject to any stop-transfer orders and other restrictions as the Committee deems necessary or advisable to comply with federal, state, or foreign jurisdiction, securities or other laws, rules and regulations and the rules
of any national securities exchange or automated quotation system on which the Stock is listed, quoted, or traded. The Committee may place 

  
 15 

 
legends on any Stock certificate to reference restrictions applicable to the Stock. In addition to the terms and conditions provided herein, the Board may require that a Participant make such
reasonable covenants, agreements, and representations as the Board, in its discretion, deems advisable in order to comply with any such laws, regulations, or requirements. The Committee shall have the right to require any Participant to comply with
any timing or other restrictions with respect to the settlement or exercise of any Award, including a window-period limitation, as may be imposed in the discretion of the Committee. 

ARTICLE 11 

CHANGES IN CAPITAL STRUCTURE 
 11.1 Adjustments. In the event of any stock dividend, stock split, combination or exchange of shares, merger, consolidation, spin-off, recapitalization or other distribution (other than normal cash
dividends) of Company assets to stockholders, or any other change affecting the shares of Stock or the share price of the Stock, the Committee shall make such proportionate adjustments, if any, as the Committee in its discretion may deem appropriate
to reflect such change with respect to (i) the aggregate number and type of shares that may be issued under the Plan (including, but not limited to, adjustments of the limitations in Sections 3.1 and 3.3); (ii) the terms and conditions of
any outstanding Awards (including, without limitation, any applicable performance targets or criteria with respect thereto); and (iii) the grant or exercise price per share for any outstanding Awards under the Plan. Any adjustment affecting an
Award intended as Qualified Performance-Based Compensation shall be made consistent with the requirements of Section 162(m) of the Code. 
 11.2 Effect of a Change of Control When Awards Are Not Assumed. If a Change of Control occurs and a Participant’s Awards are not assumed by the surviving or successor entity or its parent or
Subsidiary and such successor does not substitute substantially similar awards for those outstanding under the Plan, such Awards shall become fully exercisable and/or payable as applicable, and all forfeiture restrictions on such Awards shall lapse.
Upon, or in anticipation of, a Change of Control, the Committee may cause any and all Awards outstanding hereunder to terminate at a specific time in the future and shall give each Participant the right to exercise such Awards during a period of
time as the Committee, in its sole and absolute discretion, shall determine. The Committee shall have sole discretion to determine whether an Award has been assumed by the surviving or successor entity or its parent or Subsidiary or whether such
successor has substituted substantially similar awards for those outstanding under the Plan in connection with a Change of Control. 
 11.3 Effect of Change of Control When Awards Are Assumed; Termination Following Change of Control. 
 (a) In the event of a Change of Control where a Participant’s Awards are assumed by the surviving or successor entity or its parent or Subsidiary or such successor substitutes substantially similar
awards for those outstanding under the Plan, then fifty percent (50%) of such Participant’s unvested Awards shall become fully exercisable and/or payable as applicable, and all forfeiture restrictions on such Awards shall lapse,
immediately prior to such Change of Control. 

  
 16 

 (b) In the event of a Change of Control where a Participant’s Awards are assumed by the
surviving or successor entity or its parent or Subsidiary or such successor substitutes substantially similar awards for those outstanding under the Plan, if within twelve (12) months following such Change of Control (i) the
Participant’s employment or service with the surviving or successor entity or its parent or Subsidiary is terminated without Cause or (ii) such Participant voluntarily terminates such Participant’s employment or service with Good
Reason, then such Participant’s remaining unvested Awards (including any substituted awards) shall become fully exercisable and/or payable as applicable, and all forfeiture restrictions on such Awards (including any substituted awards) shall
lapse, on the date of termination. Such Awards (including any substituted awards) shall remain exercisable, as applicable, until the earlier of the expiration date of the Award or three (3) months following such Participant’s cessation of
employment or service. 
 11.4 Outstanding Awards – Certain Mergers. Subject to any required action by the
stockholders of the Company, in the event that the Company shall be the surviving corporation in any merger or consolidation (except a merger or consolidation as a result of which the holders of shares of Stock receive securities of another
corporation), each Award outstanding on the date of such merger or consolidation shall pertain to and apply to the securities that a holder of the number of shares of Stock subject to such Award would have received in such merger or consolidation.

 11.5 Outstanding Awards – Other Changes. In the event of any other change in the capitalization of the Company or
corporate change other than those specifically referred to in this Article 11, the Committee may, in its absolute discretion, make such adjustments in the number and class of shares subject to Awards outstanding on the date on which such change
occurs and in the per share grant or exercise price of each Award as the Committee may consider appropriate to prevent dilution or enlargement of rights. 
 11.6 No Other Rights. Except as expressly provided in the Plan, no Participant shall have any rights by reason of any subdivision or consolidation of shares of stock of any class, the payment of
any dividend, any increase or decrease in the number of shares of stock of any class or any dissolution, liquidation, merger, or consolidation of the Company or any other corporation. Except as expressly provided in the Plan or pursuant to action of
the Committee under the Plan, no issuance by the Company of shares of stock of any class, or securities convertible into shares of stock of any class, shall affect, and no adjustment by reason thereof shall be made with respect to, the number of
shares of Stock subject to an Award or the grant or exercise price of any Award. 
 11.7 Acceleration of Awards Held by
Certain Members of the Board. Notwithstanding anything in this Plan or in any Award Agreement to the contrary, in the event of a Change of Control, one hundred percent (100%) of the unvested Awards held by each member of the Board who is
not an Employee and who continues to serve on the Board immediately prior to such Change of Control shall become fully exercisable and/or payable as applicable, and all forfeiture restrictions on such Awards shall lapse, immediately prior to such
Change of Control. 

  
 17 

 ARTICLE 12 
 ADMINISTRATION 
 12.1 Committee. Unless and until the Board
delegates administration to a Committee as set forth below, the Plan shall be administered by the Board. The Board may delegate administration of the Plan to a Committee or Committees of one or more members of the Board, and the term
“Committee” shall apply to any person or persons to whom such authority has been delegated. If administration is delegated to a Committee, the Committee shall have, in connection with the administration of the Plan, the powers theretofore
possessed by the Board, including the power to delegate to a subcommittee any of the administrative powers the Committee is authorized to exercise (and references in this Plan to the Board shall thereafter be to the Committee or subcommittee),
subject, however, to such resolutions, not inconsistent with the provisions of the Plan, as may be adopted from time to time by the Board. Notwithstanding the foregoing, however, from and after the Public Trading Date, a Committee of the Board shall
administer the Plan and the Committee shall consist solely of two or more members of the Board each of whom is both an “outside director,” within the meaning of Section 162(m) of the Code, and a Non-Employee Director. Within the scope
of such authority, the Board or the Committee may (i) delegate to a committee of one or more members of the Board who are not “outside directors,” within the meaning of Section 162(m) of the Code the authority to grant awards
under the Plan to eligible persons who are either (1) not then “covered employees,” within the meaning of Section 162(m) of the Code and are not expected to be “covered employees” at the time of recognition of income
resulting from such award or (2) not persons with respect to whom the Company wishes to comply with Section 162(m) of the Code and/or (ii) delegate to a committee of one or more members of the Board who are not Non-Employee Directors,
the authority to grant awards under the Plan to eligible persons who are not then subject to Section 16 of the Exchange Act. The Board may abolish the Committee at any time and/or revest in the Board the administration of the Plan. Appointment
of Committee members shall be effective upon acceptance of appointment. Committee members may resign at any time by delivering written notice to the Board. Vacancies in the Committee may only be filled by the Board. 

12.2 Action by the Committee. A majority of the Committee shall constitute a quorum. The acts of a majority of the members present
at any meeting at which a quorum is present, and acts approved in writing by a majority of the Committee in lieu of a meeting, shall be deemed the acts of the Committee. Each member of the Committee is entitled to, in good faith, rely or act upon
any report or other information furnished to that member by any officer or other employee of the Company or any Subsidiary, the Company’s independent certified public accountants, or any executive compensation consultant or other professional
retained by the Company to assist in the administration of the Plan. 
 12.3 Authority of Committee. Subject to any
specific designation in the Plan, the Committee has the exclusive power, authority and discretion to: 
 (a) Designate
Participants to receive Awards; 
 (b) Determine the type or types of Awards to be granted to each Participant; 

  
 18 

 (c) Determine the number of Awards to be granted and the number of shares of Stock to which
an Award will relate; 
 (d) Determine the terms and conditions of any Award granted pursuant to the Plan, including, but not
limited to, the exercise price, grant price, or purchase price, any reload provision, any restrictions or limitations on the Award, any schedule for lapse of forfeiture restrictions or restrictions on the exercisability of an Award, and
accelerations or waivers thereof, any provisions related to non-competition and recapture of gain on an Award, based in each case on such considerations as the Committee in its sole discretion determines; provided, however, that the Committee
shall not have the authority to accelerate the vesting or waive the forfeiture of any Performance-Based Awards; 
 (e) Determine
whether, to what extent, and pursuant to what circumstances an Award may be settled in, or the exercise price of an Award may be paid in, cash, Stock, other Awards, or other property, or an Award may be canceled, forfeited, or surrendered;

 (f) Prescribe the form of each Award Agreement, which need not be identical for each Participant; 

(g) Decide all other matters that must be determined in connection with an Award; 

(h) Establish, adopt, or revise any rules and regulations as it may deem necessary or advisable to administer the Plan; 

(i) Interpret the terms of, and any matter arising pursuant to, the Plan or any Award Agreement; and 

(j) Make all other decisions and determinations that may be required pursuant to the Plan or as the Committee deems necessary or
advisable to administer the Plan. 
 12.4 Decisions Binding. The Committee’s interpretation of the Plan, any Awards
granted pursuant to the Plan, any Award Agreement and all decisions and determinations by the Committee with respect to the Plan are final, binding, and conclusive on all parties. 

ARTICLE 13 

EFFECTIVE AND EXPIRATION DATE 
 13.1 Effective Date. The Plan is effective as of the date the Plan is approved by the Company’s stockholders at the Company’s 2013 Annual Meeting of Stockholders (the
“Effective Date”). The Plan will be deemed to be approved by the stockholders if it receives the affirmative vote of the holders of a majority of the shares of stock of the Company present or represented and entitled to vote
at a meeting duly held in accordance with the applicable provisions of the Company’s Bylaws. 
 13.2 Expiration
Date. The Plan will expire on, and no Award may be granted pursuant to the Plan after, April 5, 2023 (the “Expiration Date”). Any Awards that are outstanding on the Expiration Date shall remain in force according to
the terms of the Plan and the applicable 

  
 19 

 
Award Agreement. Each Award Agreement shall provide that it will expire on the tenth anniversary of the date of grant of the Award to which it relates. 

ARTICLE 14 

AMENDMENT, MODIFICATION, AND TERMINATION 
 14.1 Amendment, Modification, and Termination. With the approval of the Board, at any time and from time to time, the Committee may terminate, amend or modify the Plan; provided, however,
that (i) to the extent necessary and desirable to comply with any applicable law, regulation, or stock exchange rule, the Company shall obtain stockholder approval of any Plan amendment in such a manner and to such a degree as required, and
(ii) shareholder approval is required for any amendment to the Plan that (A) increases the number of shares available under the Plan (other than any adjustment as provided by Article 11), (B) permits the Committee to grant Options
with an exercise price that is below Fair Market Value on the date of grant, (C) would directly reduce the exercise price in effect for outstanding Options or Stock Appreciation Rights under the Plan, (D) implements any
cancellation/regrant program pursuant to which outstanding Options or Stock Appreciation Rights under the Plan are cancelled and new Options or Stock Appreciation Rights are granted in replacement with a lower exercise price per share,
(E) cancels outstanding Options or Stock Appreciation rights under the Plan with exercise prices per share in excess of the then current Fair Market Value per share of Stock for consideration payable in cash or equity securities of the Company,
or (F) permits the Committee to extend the exercise period for an Option beyond ten years from the date of grant. 
 14.2
Awards Previously Granted. No termination, amendment, or modification of the Plan shall adversely affect in any material way any Award previously granted pursuant to the Plan without the prior written consent of the Participant. 

ARTICLE 15 

GENERAL PROVISIONS 
 15.1 No Rights to Awards. No Participant, employee, or other person shall have any claim to be granted any Award pursuant to the Plan, and neither the Company nor the Committee is obligated to
treat Participants, employees, and other persons uniformly. 
 15.2 No Stockholders Rights. No Award gives the
Participant any of the rights of a stockholder of the Company unless and until shares of Stock are in fact issued to such person in connection with such Award. 
 15.3 Withholding. The Company or any Subsidiary shall have the authority and the right to deduct or withhold, or require a Participant to remit to the Company, an amount sufficient to satisfy
federal, state, local and foreign taxes (including the Participant’s FICA obligation) required by law to be withheld with respect to any taxable event concerning a Participant arising as a result of this Plan. The Committee may in its
discretion and in satisfaction of the foregoing requirement allow a Participant to elect to have the Company withhold shares of Stock otherwise issuable under an Award (or allow the return of shares of Stock) having a Fair Market Value equal to the
sums required to be withheld. Notwithstanding any other provision of the Plan, the number of shares of Stock which may be withheld with 

  
 20 

 
respect to the issuance, vesting, exercise or payment of any Award (or which may be repurchased from the Participant of such Award within six months after such shares of Stock were acquired by
the Participant from the Company) in order to satisfy the Participant’s federal, state, local and foreign income and payroll tax liabilities with respect to the issuance, vesting, exercise or payment of the Award shall be limited to the number
of shares which have a Fair Market Value on the date of withholding or repurchase equal to the aggregate amount of such liabilities based on the minimum statutory withholding rates for federal, state, local and foreign income tax and payroll tax
purposes that are applicable to such supplemental taxable income. 
 15.4 No Right to Employment or Services. Nothing in
the Plan or any Award Agreement shall interfere with or limit in any way the right of the Company or any Subsidiary to terminate any Participant’s employment or services at any time, nor confer upon any Participant any right to continue in the
employ or service of the Company or any Subsidiary. 
 15.5 Unfunded Status of Awards. The Plan is intended to be an
“unfunded” plan for incentive compensation. With respect to any payments not yet made to a Participant pursuant to an Award, nothing contained in the Plan or any Award Agreement shall give the Participant any rights that are greater than
those of a general creditor of the Company or any Subsidiary. 
 15.6 Indemnification. To the extent allowable pursuant
to applicable law, each member of the Committee or of the Board shall be indemnified and held harmless by the Company from any loss, cost, liability, or expense that may be imposed upon or reasonably incurred by such member in connection with or
resulting from any claim, action, suit, or proceeding to which he or she may be a party or in which he or she may be involved by reason of any action or failure to act pursuant to the Plan and against and from any and all amounts paid by him or her
in satisfaction of judgment in such action, suit, or proceeding against him or her, provided he or she gives 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. The foregoing right of indemnification shall not be exclusive of any other rights of indemnification to which such persons may be entitled pursuant to the Company’s Certificate of Incorporation or Bylaws, as a matter of
law, or otherwise, or any power that the Company may have to indemnify them or hold them harmless. 
 15.7 Relationship to
Other Benefits. No payment pursuant to the Plan shall be taken into account in determining any benefits pursuant to any pension, retirement, savings, profit sharing, group insurance, welfare or other benefit plan of the Company or any Subsidiary
except to the extent otherwise expressly provided in writing in such other plan or an agreement thereunder. 
 15.8
Expenses. The expenses of administering the Plan shall be borne by the Company and its Subsidiaries. 
 15.9 Titles
and Headings. The titles and headings of the Sections in the Plan are for convenience of reference only and, in the event of any conflict, the text of the Plan, rather than such titles or headings, shall control. 

  
 21 

 15.10 Fractional Shares. No fractional shares of Stock shall be issued and the
Committee shall determine, in its discretion, whether cash shall be given in lieu of fractional shares or whether such fractional shares shall be eliminated by rounding up or down as appropriate. 

15.11 Limitations Applicable to Section 16 Persons. Notwithstanding any other provision of the Plan, the Plan, and any Award
granted or awarded to any Participant who is then subject to Section 16 of the Exchange Act, shall be subject to any additional limitations set forth in any applicable exemptive rule under Section 16 of the Exchange Act (including any
amendment to Rule 16b-3 of the Exchange Act) that are requirements for the application of such exemptive rule. To the extent permitted by applicable law, the Plan and Awards granted or awarded hereunder shall be deemed amended to the extent
necessary to conform to such applicable exemptive rule. 
 15.12 Government and Other Regulations. The obligation of the
Company to make payment of awards in Stock or otherwise shall be subject to all applicable laws, rules, and regulations, and to such approvals by government agencies as may be required. The Company shall be under no obligation to register pursuant
to the Securities Act of 1933, as amended, any of the shares of Stock paid pursuant to the Plan. If the shares paid pursuant to the Plan may in certain circumstances be exempt from registration pursuant to the Securities Act of 1933, as amended, the
Company may restrict the transfer of such shares in such manner as it deems advisable to ensure the availability of any such exemption. 
 15.13 Governing Law. The Plan and all Award Agreements shall be construed in accordance with and governed by the laws of the State of Delaware. 

15.14 Acceleration Upon Death or Disability. In addition, in the event of a Participant’s termination of employment on
account of Disability or death, that number of Participant’s unvested Awards that would have become fully vested, exercisable and/or payable, as applicable, over the twelve (12) months following the Participant’s termination under the
vesting schedules applicable to such Awards had the Participant remained continuously employed by the Company during such period shall immediately become so vested, exercisable and/or payable, as applicable, on the date of termination. 

15.15 Acceleration of Stock Awards. For purposes of this Plan, to the extent the vesting and/or exercisability of any of a
Participant’s outstanding Awards shall be accelerated pursuant to this Plan or the terms of the applicable Award Agreement, if any Award had previously been partially exercised such that an unexercised portion of the Award still remains
outstanding as of the date of such acceleration, the vesting acceleration provisions of this Plan or the applicable Award Agreement shall be applied to the total number of shares subject to such Award that consist of (i) then unvested exercised
shares that were previously acquired upon the partial exercise of such Award, plus (ii) the remaining unexercised portion of the Award. The acceleration of vesting shall be first applied toward the unvested previously exercised shares such that
no unexercised shares shall vest on an accelerated basis in accordance with the provisions of this Plan or the applicable Award Agreement unless and until all of the unvested exercised shares subject to such Award have first vested. In addition, the
acceleration of vesting shall be applied to each Award individually. 

  
 22EX-10.2

 Exhibit 10.2 
 SANTARUS, INC. 
 AMENDED AND RESTATED EMPLOYEE STOCK PURCHASE PLAN

 (as amended and restated effective June 11, 2013) 

Santarus, Inc., a Delaware corporation (the “Company”), hereby adopts the Santarus, Inc. Amended
and Restated Employee Stock Purchase Plan, as amended and restated effective June 11, 2013 (the “Plan”). 
 1. Purpose. The purposes of the Plan are as follows: 
  

	A.	To assist employees of the Company and its Designated Subsidiaries (as defined below) in acquiring a stock ownership interest in the Company pursuant to a plan
which is intended to qualify as an “employee stock purchase plan” within the meaning of Section 423(b) of the Internal Revenue Code of 1986, as amended. 

 

	B.	To help employees provide for their future security and to encourage them to remain in the employment of the Company and its Designated Subsidiaries.

 2. DEFINITIONS. 

(a) “Administrator” shall mean the administrator of the Plan, as determined pursuant to
Section 14 hereof. 
  

	C.	“Board” shall mean the Board of Directors of the Company. 

 

	D.	“Code” shall mean the Internal Revenue Code of 1986, as amended. 

 

	E.	“Committee” shall mean the committee appointed to administer the Plan pursuant to Section 14 hereof. 

 

	F.	“Common Stock” shall mean the common stock of the Company. 

 

	G.	“Company” shall mean Santarus, Inc., a Delaware corporation, and any successor by merger, consolidation or otherwise.

  

	H.	“Compensation” shall mean all base straight time gross earnings and commissions, exclusive of payments for overtime, shift premium,
incentive compensation, incentive payments, bonuses, expense reimbursements, fringe benefits and other compensation. 

	I.	“Designated Subsidiary” shall mean any Subsidiary which has been designated by the Administrator from time to time in its sole discretion
as eligible to participate in the Plan. The Administrator may designate, or terminate the designation of, a subsidiary as a Designated Subsidiary without the approval of the stockholders of the Company. 

 

	J.	 “Eligible Employee” shall mean an Employee of the Company or a Designated Subsidiary: (i) who does not, immediately
after the option is granted, own stock possessing five percent (5%) or more of the total combined voting power or value of all classes of stock of the Company, a Parent or a Subsidiary (as determined under Section 423(b)(3) of the Code);
(ii) whose customary employment is for more than twenty (20) hours per week; and (iii) whose customary employment is for more than five (5) months in any calendar year. For purposes of clause (i), the rules of Section 424(d)
of the Code with regard to the attribution of stock ownership shall apply in determining the stock ownership of an individual, and stock which an employee may purchase under outstanding options shall be treated as stock owned by the employee. For
purposes of the Plan, the employment relationship shall be treated as continuing intact while the individual is on sick leave or other leave of absence approved by the Company or Designated Subsidiary and meeting the requirements of Treasury
Regulation Section 1.421-7(h)(2). Where the period of leave exceeds ninety (90) days and the individual’s right to reemployment is not provided for either by statute or by contract, the employment relationship shall be deemed to have
terminated on the ninety-first (91st) day of such
leave. 

  

	K.	“Employee” shall mean any person who renders services to the Company or a Subsidiary in the status of an employee within the meaning of
Code Section 3401(c). “Employee” shall not include any director of the Company or a Subsidiary who does not render services to the Company or a Subsidiary in the status of an employee within the meaning of Code Section 3401(c).

  

	L.	“Enrollment Date” shall mean the first Trading Day of each Offering Period. 

 

	M.	“Exercise Date” shall mean the last Trading Day of each Purchase Period. 

 

	N.	“Fair Market Value” shall mean, as of any date, the value of Common Stock determined as follows: 

 

	 	1.	If the Common Stock is listed on any established stock exchange, its Fair Market Value shall be the closing sales price for such stock (or the closing bid, if no
sales were reported) as quoted on such exchange on the date of determination (or the most recent preceding day on which sales were reported if none were reported on such date), as reported in The Wall Street Journal or such other source as
the Administrator deems reliable; 

  
 2 

	 	2.	If the Common Stock is regularly quoted by a recognized securities dealer but selling prices are not reported, its Fair Market Value shall be the mean of the
closing bid and asked prices for the Common Stock on the date of determination (or the most recent preceding day on which bid and asked prices were reported if none were reported on such date), as reported in The Wall Street Journal or such
other source as the Administrator deems reliable; or 

  

	 	3.	In the absence of an established market for the Common Stock, the Fair Market Value thereof shall be determined in good faith by the Administrator.

  

	O.	“Offering Period” shall mean the six-month period commencing on each December 1 and June 1. The duration and timing of Offering
Periods may be changed pursuant to Section 4 of this Plan, but in no event may an Offering Period have a duration in excess of twenty-seven (27) months. 

 

	P.	“Parent” means any corporation, other than the Company, in an unbroken chain of corporations ending with the Company if, at the time of
the determination, each of the corporations other than the Company owns stock possessing 50% or more of the total combined voting power of all classes of stock in one of the other corporations in such chain. 

 

	Q.	“Plan” shall mean this Santarus, Inc. Amended and Restated Employee Stock Purchase Plan, as amended and restated effective June 11,
2013. 

  

	R.	“Purchase Period” shall mean the approximately six (6) month period commencing on each Enrollment Date and ending on the last
Trading Day of the corresponding Offering Period, which, for the avoidance of doubt, shall be the Exercise Date. 

  

	S.	“Purchase Price” shall mean 85% of the Fair Market Value of a share of Common Stock on the Enrollment Date or on the Exercise Date,
whichever is lower; provided, however, that the Purchase Price may be adjusted by the Administrator pursuant to Section 19; provided, further, that the Purchase Price shall not be less than the par value of a share
of Common Stock. 

  

	T.	“Subsidiary” shall mean any corporation, other than the Company, in an unbroken chain of corporations beginning with the Company if, at
the time of the determination, each of the corporations other than the last corporation in an unbroken chain owns stock possessing 50% or more of the total combined voting power of all classes of stock in one of the other corporations in such chain.

  

	U.	“Trading Day” shall mean a day on which national stock exchanges in the United States are open for trading. 

3. ELIGIBILITY. 

  
 3 

 (a) Any Eligible Employee who shall be employed by the Company or a
Designated Subsidiary on a given Enrollment Date for an Offering Period shall be eligible to participate in the Plan during such Offering Period, subject to the requirements of Section 5 and the limitations imposed by Section 423(b) of the
Code. 
 (b) Each person who, during the course of an Offering Period, first becomes an Eligible Employee
subsequent to the Enrollment Date will be eligible to become a participant in the Plan on the first day of the first Purchase Period following the day on which such person becomes an Eligible Employee, subject to the requirements of Section 5
and the limitations imposed by Section 423(b) of the Code. 
 (c) No Eligible Employee shall be granted an
option under the Plan which permits his rights to purchase stock under the Plan, and to purchase stock under all other employee stock purchase plans of the Company, any Parent or any Subsidiary subject to the Section 423, to accrue at a rate
which exceeds $25,000 of fair market value of such stock (determined at the time the option is granted) for each calendar year in which the option is outstanding at any time. For purpose of the limitation imposed by this subsection, the right to
purchase stock under an option accrues when the option (or any portion thereof) first becomes exercisable during the calendar year, the right to purchase stock under an option accrues at the rate provided in the option, but in no case may such rate
exceed $25,000 of fair market value of such stock (determined at the time such option is granted) for any one calendar year, and a right to purchase stock which has accrued under an option may not be carried over to any option. This limitation shall
be applied in accordance with Section 423(b)(8) of the Code and the Treasury Regulations thereunder. 
 4.
OFFERING PERIODS. THE PLAN SHALL BE IMPLEMENTED BY CONSECUTIVE OFFERING PERIODS WHICH SHALL CONTINUE UNTIL THE PLAN EXPIRES OR IS TERMINATED IN ACCORDANCE WITH SECTION 20 HEREOF. THE ADMINISTRATOR SHALL HAVE THE POWER TO CHANGE
THE DURATION OF OFFERING PERIODS (INCLUDING THE COMMENCEMENT DATES THEREOF) WITH RESPECT TO FUTURE OFFERINGS WITHOUT STOCKHOLDER APPROVAL IF SUCH CHANGE IS ANNOUNCED AT LEAST FIVE (5) DAYS PRIOR TO THE SCHEDULED BEGINNING OF THE FIRST OFFERING
PERIOD TO BE AFFECTED THEREAFTER. 
 5. PARTICIPATION. 

(a) An Eligible Employee may become a participant in the Plan by completing a subscription agreement authorizing payroll
deductions in a form acceptable to the Administrator and filing it with the Company’s payroll office fifteen (15) days (or such shorter or longer period as may be determined by the Administrator, in its sole discretion) prior to the
applicable Enrollment Date. 

  
 4 

	V.	Each person who, during the course of an Offering Period, first becomes an Eligible Employee subsequent to the Enrollment Date will be eligible to become a
participant in the Plan on the first day of the first Purchase Period following the day on which such person becomes an Eligible Employee. Such person may become a participant in the Plan by completing a subscription agreement authorizing payroll
deductions in a form acceptable to the Administrator and filing it with the Company’s payroll office fifteen (15) days (or such shorter or longer period as may be determined by the Administrator, in its sole discretion) prior to the first
day of any Purchase Period during the Offering Period in which such person becomes an Eligible Employee. The rights granted to such participant shall have the same characteristics as any rights originally granted during that Offering Period except
that the first day of the Purchase Period in which such person initially participates in the Plan shall be the “Enrollment Date” for all purposes for such Offering Period for such person, including determination of the Purchase Price.

  

	W.	Payroll deductions for a participant shall commence on the first payroll following the Enrollment Date and shall end on the last payroll in the Offering Period to which
such authorization is applicable, unless sooner terminated by the participant as provided in Section 10 hereof. 

  

	X.	During a leave of absence approved by the Company or a Subsidiary and meeting the requirements of Treasury Regulation Section 1.421-7(h)(2), a participant
may continue to participate in the Plan by making cash payments to the Company on each pay day equal to the amount of the participant’s payroll deductions under the Plan for the pay day immediately preceding the first day of such
participant’s leave of absence. If a leave of absence is unapproved or fails to meet the requirements of Treasury Regulation Section 1.421-7(h)(2), the participant will cease automatically to participate in the Plan. In such event, the
Company will automatically cease to deduct the participant’s payroll under the Plan. The Company will pay to the participant his or her total payroll deductions for the Purchase Period, in cash in one lump sum (without interest), as soon as
practicable after the participant ceases to participate in the Plan. 

  

	Y.	A participant’s completion of a subscription agreement will enroll such participant in the Plan for each successive Purchase Period and each subsequent
Offering Period on the terms contained therein until the participant either submits a new subscription agreement, withdraws from participation under the Plan as provided in Section 10 hereof or otherwise becomes ineligible to participate in the
Plan. 

 6. PAYROLL DEDUCTIONS. 

(a) At the time a participant files his or her subscription agreement, he or she shall elect to have payroll deductions
made on each pay day during the Offering Period in an amount from one percent (1%) to twenty percent (20%) of the Compensation which he or she receives on each pay day during the Offering Period. 

  
 5 

 (b) All payroll deductions made for a participant shall be credited to his
or her account under the Plan and shall be withheld in whole percentages only. Except as described in Section 5(a) hereof, a participant may not make any additional payments into such account. 

(c) A participant may discontinue his or her participation in the Plan as provided in Section 10 hereof, or may
increase or decrease the rate of his or her payroll deductions during the Offering Period by completing or filing with the Company a new subscription agreement authorizing a change in payroll deduction rate. The Administrator may, in its discretion,
limit the number of participation rate changes during any Offering Period. The change in rate shall be effective with the first full payroll period following five (5) business days after the Company’s receipt of the new subscription
agreement (or such shorter or longer period as may be determined by the Administrator, in its sole discretion). 

(d) Notwithstanding the foregoing, to the extent necessary to comply with Section 423(b)(8) of the Code and
Section 3(c) hereof, a participant’s payroll deductions may be decreased to zero percent (0%) at any time during a Purchase Period. 
 (e) At the time the option is exercised, in whole or in part, or at the time some or all of the Company’s Common Stock issued under the Plan is disposed of, the participant must make adequate
provision for the Company’s federal, state, or other tax withholding obligations, if any, which arise upon the exercise of the option or the disposition of the Common Stock. At any time, the Company may, but shall not be obligated to, withhold
from the participant’s compensation the amount necessary for the Company to meet applicable withholding obligations, including any withholding required to make available to the Company any tax deductions or benefits attributable to sale or
early disposition of Common Stock by the Employee. 

  
 6 

 7. GRANT OF OPTION. ON THE ENROLLMENT DATE OF EACH OFFERING
PERIOD, EACH ELIGIBLE EMPLOYEE PARTICIPATING IN SUCH OFFERING PERIOD SHALL BE GRANTED AN OPTION TO PURCHASE ON EACH EXERCISE DATE DURING SUCH OFFERING PERIOD (AT THE APPLICABLE PURCHASE PRICE) UP TO A NUMBER OF SHARES OF THE COMPANY’S COMMON
STOCK DETERMINED BY DIVIDING SUCH PARTICIPANT’S PAYROLL DEDUCTIONS ACCUMULATED PRIOR TO SUCH EXERCISE DATE AND RETAINED IN THE PARTICIPANT’S ACCOUNT AS OF THE EXERCISE DATE BY THE APPLICABLE PURCHASE PRICE; PROVIDED, HOWEVER, THAT IN NO
EVENT SHALL A PARTICIPANT BE PERMITTED TO PURCHASE DURING EACH PURCHASE PERIOD MORE THAN 5,000 SHARES OF THE COMPANY’S COMMON STOCK (SUBJECT TO ANY ADJUSTMENT PURSUANT TO SECTION 19); AND PROVIDED, FURTHER, THAT SUCH PURCHASE SHALL BE
SUBJECT TO THE LIMITATIONS SET FORTH IN SECTIONS 3(C) AND 13 HEREOF. THE ADMINISTRATOR MAY, FOR FUTURE OFFERING PERIODS, INCREASE OR DECREASE, IN ITS ABSOLUTE DISCRETION, THE MAXIMUM NUMBER OF SHARES OF THE COMPANY’S COMMON STOCK A
PARTICIPANT MAY PURCHASE DURING EACH PURCHASE PERIOD AND OFFERING PERIOD. EXERCISE OF THE OPTION SHALL OCCUR AS PROVIDED IN SECTION 8 HEREOF, UNLESS THE PARTICIPANT HAS WITHDRAWN PURSUANT TO SECTION 10 HEREOF OR OTHERWISE BECOMES
INELIGIBLE TO PARTICIPATE IN THE PLAN. THE OPTION SHALL EXPIRE ON THE LAST DAY OF THE OFFERING PERIOD. 
 8.
EXERCISE OF OPTION. 
 (a) Unless a participant withdraws from the Plan as provided in
Section 10 hereof or otherwise becomes ineligible to participate in the Plan, his or her option for the purchase of shares shall be exercised automatically on the Exercise Date, and the maximum number of full shares subject to the option shall
be purchased for such participant at the applicable Purchase Price with the accumulated payroll deductions in his or her account. No fractional shares shall be purchased; any payroll deductions accumulated in a participant’s account which are
not sufficient to purchase a full share shall be retained in the participant’s account for the subsequent Purchase Period or Offering Period. During a participant’s lifetime, a participant’s option to purchase shares hereunder is
exercisable only by him or her. 

  
 7 

 (b) If the Administrator determines that, on a given Exercise Date, the
number of shares with respect to which options are to be exercised may exceed (i) the number of shares of Common Stock that were available for sale under the Plan on the Enrollment Date of the applicable Offering Period, or (ii) the number
of shares available for sale under the Plan on such Exercise Date, the Administrator may in its sole discretion (x) provide that the Company shall make a pro rata allocation of the shares of Common Stock available for purchase on such
Enrollment Date or Exercise Date, as applicable, in as uniform a manner as shall be practicable and as it shall determine in its sole discretion to be equitable among all participants exercising options to purchase Common Stock on such Exercise
Date, and continue all Offering Periods then in effect, or (y) provide that the Company shall make a pro rata allocation of the shares available for purchase on such Enrollment Date or Exercise Date, as applicable, in as uniform a manner as
shall be practicable and as it shall determine in its sole discretion to be equitable among all participants exercising options to purchase Common Stock on such Exercise Date, and terminate any or all Offering Periods then in effect pursuant to
Section 20 hereof. The Company may make pro rata allocation of the shares available on the Enrollment Date of any applicable Offering Period pursuant to the preceding sentence, notwithstanding any authorization of additional shares for issuance
under the Plan by the Company’s stockholders subsequent to such Enrollment Date. The balance of the amount credited to the account of each participant which has not been applied to the purchase of shares of stock shall be paid to such
participant in one lump sum in cash as soon as reasonably practicable after the Exercise Date, without any interest thereon. 
 9. DEPOSIT OF SHARES. AS PROMPTLY AS PRACTICABLE AFTER EACH EXERCISE DATE ON WHICH A PURCHASE OF SHARES OCCURS, THE COMPANY MAY ARRANGE FOR THE DEPOSIT, INTO EACH PARTICIPANT’S ACCOUNT WITH
ANY BROKER DESIGNATED BY THE COMPANY TO ADMINISTER THIS PLAN, OF THE NUMBER OF SHARES PURCHASED UPON EXERCISE OF HIS OR HER OPTION. 
 10. WITHDRAWAL. 
 (a) A participant may withdraw all
but not less than all of the payroll deductions credited to his or her account and not yet used to exercise his or her option under the Plan at any time by giving written notice to the Company in a form acceptable to the Administrator. All of the
participant’s payroll deductions credited to his or her account during the Offering Period shall be paid to such participant as soon as reasonably practicable after receipt of notice of withdrawal and such participant’s option for the
Offering Period shall be automatically terminated, and no further payroll deductions for the purchase of shares shall be made for such Offering Period. If a participant withdraws from an Offering Period, payroll deductions shall not resume at the
beginning of the succeeding Offering Period unless the participant delivers to the Company a new subscription agreement. 

  
 8 

 (b) A participant’s withdrawal from an Offering Period shall not have
any effect upon his or her eligibility to participate in any similar plan which may hereafter be adopted by the Company or in succeeding Offering Periods which commence after the termination of the Offering Period from which the participant
withdraws. 
 11. TERMINATION OF EMPLOYMENT. UPON A PARTICIPANT’S CEASING TO BE AN ELIGIBLE
EMPLOYEE, FOR ANY REASON, HE OR SHE SHALL BE DEEMED TO HAVE ELECTED TO WITHDRAW FROM THE PLAN AND THE PAYROLL DEDUCTIONS CREDITED TO SUCH PARTICIPANT’S ACCOUNT DURING THE OFFERING PERIOD SHALL BE PAID TO SUCH PARTICIPANT OR, IN THE CASE OF HIS
OR HER DEATH, TO THE PERSON OR PERSONS ENTITLED THERETO UNDER SECTION 15 HEREOF, AS SOON AS REASONABLY PRACTICABLE AND SUCH PARTICIPANT’S OPTION FOR THE OFFERING PERIOD SHALL BE AUTOMATICALLY TERMINATED. 

12. INTEREST. NO INTEREST SHALL ACCRUE ON THE PAYROLL DEDUCTIONS OR LUMP SUM CONTRIBUTIONS OF A PARTICIPANT IN
THE PLAN. 
 13. SHARES SUBJECT TO PLAN. 

(a) Subject to adjustment upon changes in capitalization of the Company as provided in Section 19 hereof, the maximum
number of shares of the Company’s Common Stock which shall be made available for sale under the Plan shall be 3,558,253. Such share reserve shall be comprised of (i) 1,558,253 shares of Stock available for issuance under the Plan prior to
the amendment approved by the Board on April 5, 2013, plus (ii) an additional 2,000,000 shares of Stock approved on April 5, 2013 by the Board. If any right granted under the Plan shall for any reason terminate without having been
exercised, the Common Stock not purchased under such right shall again become available for issuance under the Plan. The stock subject to the Plan may be unissued shares or reacquired shares, bought on the market or otherwise. 

(b) With respect to shares of stock subject to an option granted under the Plan, a participant shall not be deemed to be a
stockholder of the Company, and the participant shall not have any of the rights or privileges of a stockholder, until such shares have been issued to the participant or his or her nominee following exercise of the participant’s option. No
adjustments shall be made for dividends (ordinary or extraordinary, whether in cash securities, or other property) or distribution or other rights for which the record date occurs prior to the date of such issuance, except as otherwise expressly
provided herein. 
 14. ADMINISTRATION. 

  
 9 

 (a) The Plan shall be administered by the Board unless and until the Board
delegates administration to a Committee as set forth below. The Board may delegate administration of the Plan to a Committee comprised of two or more members of the Board, each of whom is a “non-employee director” within the meaning of
Rule 16b-3 which has been adopted by the Securities and Exchange Commission under the Securities Exchange Act of 1934, as amended, and which is otherwise constituted to comply with applicable law, and the term “Committee” shall apply to
any persons to whom such authority has been delegated. If administration is delegated to a Committee, the Committee shall have, in connection with the administration of the Plan, the powers theretofore possessed by the Board, including the power to
delegate to a subcommittee any of the administrative powers the Committee is authorized to exercise, subject, however, to such resolutions, not inconsistent with the provisions of the Plan, as may be adopted from time to time by the Board. Each
member of the Committee shall serve for a term commencing on a date specified by the Board and continuing until the member dies or resigns or is removed from office by the Board. References in this Plan to the “Administrator” shall mean
the Board unless administration is delegated to a Committee or subcommittee, in which case references in this Plan to the Administrator shall thereafter be to the Committee or subcommittee. 

(b) It shall be the duty of the Administrator to conduct the general administration of the Plan in accordance with the
provisions of the Plan. The Administrator shall have the power to interpret the Plan and the terms of the options and to adopt such rules for the administration, interpretation, and application of the Plan as are consistent therewith and to
interpret, amend or revoke any such rules. The Administrator at its option may utilize the services of an agent to assist in the administration of the Plan including establishing and maintaining an individual securities account under the Plan for
each participant. In its absolute discretion, the Board may at any time and from time to time exercise any and all rights and duties of the Administrator under the Plan. 

(c) All expenses and liabilities incurred by the Administrator in connection with the administration of the Plan shall be
borne by the Company. The Administrator may, with the approval of the Board, employ attorneys, consultants, accountants, appraisers, brokers or other persons. The Administrator, the Company and its officers and directors shall be entitled to rely
upon the advice, opinions or valuations of any such persons. All actions taken and all interpretations and determinations made by the Administrator in good faith shall be final and binding upon all participants, the Company and all other interested
persons. No member of the Board shall be personally liable for any action, determination or interpretation made in good faith with respect to the Plan or the options, and all members of the Board shall be fully protected by the Company in respect to
any such action, determination, or interpretation. 
 15. DESIGNATION OF BENEFICIARY. 

  
 10 

 (a) A participant may file a written designation of a beneficiary who is to
receive any shares and cash, if any, from the participant’s account under the Plan in the event of such participant’s death subsequent to an Exercise Date on which the option is exercised but prior to delivery to such participant of such
shares and cash. In addition, a participant may file a written designation of a beneficiary who is to receive any cash from the participant’s account under the Plan in the event of such participant’s death prior to exercise of the option.
If a participant is married and the designated beneficiary is not the spouse, spousal consent shall be required for such designation to be effective. 
 (b) Such designation of beneficiary may be changed by the participant at any time by written notice to the Company. In the event of the death of a participant and in the absence of a beneficiary validly
designated under the Plan who is living at the time of such participant’s death, the Company shall deliver such shares and/or cash to the executor or administrator of the estate of the participant, or if no such executor or administrator has
been appointed (to the knowledge of the Company), the Company, in its discretion, may deliver such shares and/or cash to the spouse or to any one or more dependents or relatives of the participant, or if no spouse, dependent or relative is known to
the Company, then to such other person as the Company may designate. 
 16. TRANSFERABILITY. NEITHER
PAYROLL DEDUCTIONS CREDITED TO A PARTICIPANT’S ACCOUNT NOR ANY RIGHTS WITH REGARD TO THE EXERCISE OF AN OPTION OR TO RECEIVE SHARES UNDER THE PLAN MAY BE ASSIGNED, TRANSFERRED, PLEDGED OR OTHERWISE DISPOSED OF IN ANY WAY (OTHER THAN BY WILL,
THE LAWS OF DESCENT AND DISTRIBUTION OR AS PROVIDED IN SECTION 15 HEREOF) BY THE PARTICIPANT. ANY SUCH ATTEMPT AT ASSIGNMENT, TRANSFER, PLEDGE OR OTHER DISPOSITION SHALL BE WITHOUT EFFECT, EXCEPT THAT THE COMPANY MAY TREAT SUCH ACT AS AN
ELECTION TO WITHDRAW FUNDS FROM AN OFFERING PERIOD IN ACCORDANCE WITH SECTION 10 HEREOF. 
 17.
USE OF FUNDS. ALL PAYROLL DEDUCTIONS RECEIVED OR HELD BY THE COMPANY UNDER THE PLAN MAY BE USED BY THE COMPANY FOR ANY CORPORATE PURPOSE, AND THE COMPANY SHALL NOT BE OBLIGATED TO SEGREGATE SUCH PAYROLL DEDUCTIONS. 

18. REPORTS. INDIVIDUAL ACCOUNTS SHALL BE MAINTAINED FOR EACH PARTICIPANT IN THE PLAN. STATEMENTS OF ACCOUNT
SHALL BE GIVEN TO PARTICIPATING EMPLOYEES AT LEAST ANNUALLY, WHICH STATEMENTS SHALL SET FORTH THE AMOUNTS OF PAYROLL DEDUCTIONS, THE PURCHASE PRICE, THE NUMBER OF SHARES PURCHASED AND THE REMAINING CASH BALANCE, IF ANY. 

19. ADJUSTMENTS UPON CHANGES IN CAPITALIZATION, DISSOLUTION, LIQUIDATION, MERGER OR ASSET SALE. 

  
 11 

 (a) Changes in Capitalization. Subject to any required action by the
stockholders of the Company, the number of shares of Common Stock which have been authorized for issuance under the Plan but not yet placed under option, the maximum number of shares each participant may purchase each Purchase Period (pursuant to
Section 7), as well as the price per share and the number of shares of Common Stock covered by each option under the Plan which has not yet been exercised shall be proportionately adjusted for any increase or decrease in the number of issued
shares of Common Stock resulting from a stock split, reverse stock split, stock dividend, combination or reclassification of the Common Stock, or any other increase or decrease in the number of shares of Common Stock effected without receipt of
consideration by the Company; provided, however, that conversion of any convertible securities of the Company shall not be deemed to have been “effected without receipt of consideration.” Such adjustment shall be made by the
Administrator, whose determination in that respect shall be final, binding and conclusive. Except as expressly provided herein, no issuance by the Company of shares of stock of any class, or securities convertible into shares of stock of any class,
shall affect, and no adjustment by reason thereof shall be made with respect to, the number or price of shares of Common Stock subject to an option. 
 (b) Dissolution or Liquidation. In the event of the proposed dissolution or liquidation of the Company, the Offering Period then in progress shall be shortened by setting a new Exercise Date (the
“New Exercise Date”), and shall terminate immediately prior to the consummation of such proposed dissolution or liquidation, unless provided otherwise by the Administrator. The New Exercise Date shall be before the date of the
Company’s proposed dissolution or liquidation. The Administrator shall notify each participant in writing, at least ten (10) business days prior to the New Exercise Date, that the Exercise Date for the participant’s option has been
changed to the New Exercise Date and that the participant’s option shall be exercised automatically on the New Exercise Date, unless prior to such date the participant has withdrawn from the Offering Period as provided in Section 10
hereof. 
 (c) Merger or Asset Sale. In the event of a proposed sale of all or substantially all of the
assets of the Company, or the merger of the Company with or into another corporation, each outstanding option shall be assumed or an equivalent option substituted by the successor corporation or a Parent or Subsidiary of the successor corporation.
In the event that the successor corporation refuses to assume or substitute for the option, any Purchase Periods then in progress shall be shortened by setting a New Exercise Date and any Offering Periods then in progress shall end on the New
Exercise Date. The New Exercise Date shall be before the date of the Company’s proposed sale or merger. The Administrator shall notify each participant in writing, at least ten (10) business days prior to the New Exercise Date, that the
Exercise Date for the participant’s option has been changed to the New Exercise Date and that the participant’s option shall be exercised automatically on the New Exercise Date, unless prior to such date the participant has withdrawn from
the Offering Period as provided in Section 10 hereof. 
 20. AMENDMENT OR TERMINATION.

  
 12 

 (a) The Board may at any time and for any reason terminate or amend the
Plan. Except as provided in Section 19 hereof, no such termination can affect options previously granted, provided that an Offering Period may be terminated by the Board if the Board determines that the termination of the Offering Period or the
Plan is in the best interests of the Company and its stockholders. Except as provided in Section 19 and this Section 20 hereof, no amendment may make any change in any option theretofore granted which adversely affects the rights of any
participant without the consent of such participant. To the extent necessary to comply with Section 423 of the Code (or any successor rule or provision or any other applicable law, regulation or stock exchange rule), the Company shall obtain
stockholder approval in such a manner and to such a degree as required. 
 (b) Without stockholder consent and
without regard to whether any participant rights may be considered to have been “adversely affected,” the Administrator shall be entitled to change the Offering Periods, limit the frequency and/or number of changes in the amount withheld
during an Offering Period, establish the exchange ratio applicable to amounts withheld in a currency other than U.S. dollars, permit payroll withholding in excess of the amount designated by a participant in order to adjust for delays or mistakes in
the Company’s processing of properly completed withholding elections, establish reasonable waiting and adjustment periods and/or accounting and crediting procedures to ensure that amounts applied toward the purchase of Common Stock for each
participant properly correspond with amounts withheld from the participant’s Compensation, and establish such other limitations or procedures as the Administrator determines in its sole discretion advisable which are consistent with the Plan.

 (c) In the event the Board determines that the ongoing operation of the Plan may result in unfavorable
financial accounting consequences, the Board may, in its discretion and, to the extent necessary or desirable, modify or amend the Plan to reduce or eliminate such accounting consequence including, but not limited to: 

 

	 	1.	altering the Purchase Price for any Offering Period including an Offering Period underway at the time of the change in Purchase Price; 

 

	 	2.	shortening any Offering Period so that the Offering Period ends on a new Exercise Date, including an Offering Period underway at the time of the Administrator
action; and 

  

	 	3.	allocating shares. 

 Such modifications or amendments shall not require stockholder approval or the consent of any Plan participants. 

  
 13 

 21. NOTICES. ALL NOTICES OR OTHER COMMUNICATIONS BY A PARTICIPANT
TO THE COMPANY UNDER OR IN CONNECTION WITH THE PLAN SHALL BE DEEMED TO HAVE BEEN DULY GIVEN WHEN RECEIVED IN THE FORM SPECIFIED BY THE COMPANY AT THE LOCATION, OR BY THE PERSON, DESIGNATED BY THE COMPANY FOR THE RECEIPT THEREOF. 

22. CONDITIONS TO ISSUANCE OF SHARES. THE COMPANY SHALL NOT BE REQUIRED TO ISSUE OR DELIVER ANY
CERTIFICATE OR CERTIFICATES FOR SHARES OF STOCK PURCHASED UPON THE EXERCISE OF OPTIONS PRIOR TO FULFILLMENT OF ALL THE FOLLOWING CONDITIONS: 
 (a) The admission of such shares to listing on all stock exchanges, if any, on which is then listed; and 
 (b) The completion of any registration or other qualification of such shares under any state or federal law or under the rulings or regulations of the Securities and Exchange Commission or any other
governmental regulatory body, which the Administrator shall, in its absolute discretion, deem necessary or advisable; and 
 (c) The obtaining of any approval or other clearance from any state or federal governmental agency which the Administrator shall, in its absolute discretion, determine to be necessary or advisable; and

 (d) The payment to the Company of all amounts which it is required to withhold under federal, state or local
law upon exercise of the option; and 
 (e) The lapse of such reasonable period of time following the exercise of
the option as the Administrator may from time to time establish for reasons of administrative convenience. 
 23.
TERM OF PLAN. THE PLAN IS EFFECTIVE AS OF THE DATE THE PLAN IS APPROVED BY THE COMPANY’S STOCKHOLDERS AT THE COMPANY’S 2013 ANNUAL MEETING OF STOCKHOLDERS. THE PLAN SHALL BE IN EFFECT UNTIL TERMINATED UNDER SECTION 20
HEREOF. 
 24. EQUAL RIGHTS AND PRIVILEGES. ALL ELIGIBLE EMPLOYEES OF THE COMPANY (OR OF ANY
DESIGNATED SUBSIDIARY) WILL HAVE EQUAL RIGHTS AND PRIVILEGES UNDER THIS PLAN SO THAT THIS PLAN QUALIFIES AS AN “EMPLOYEE STOCK PURCHASE PLAN” WITHIN THE MEANING OF SECTION 423 OF THE CODE OR APPLICABLE TREASURY REGULATIONS THEREUNDER.
ANY PROVISION OF THIS PLAN THAT IS INCONSISTENT WITH SECTION 423 OR APPLICABLE TREASURY REGULATIONS WILL, WITHOUT FURTHER ACT OR AMENDMENT BY THE COMPANY, THE BOARD OR THE ADMINISTRATOR, BE REFORMED TO COMPLY WITH THE EQUAL RIGHTS AND
PRIVILEGES REQUIREMENT OF SECTION 423 OR APPLICABLE TREASURY REGULATIONS. 

  
 14 

 25. NO EMPLOYMENT RIGHTS. NOTHING IN THE PLAN SHALL BE CONSTRUED
TO GIVE ANY PERSON (INCLUDING ANY ELIGIBLE EMPLOYEE OR PARTICIPANT) THE RIGHT TO REMAIN IN THE EMPLOY OF THE COMPANY, A PARENT OR A SUBSIDIARY OR TO AFFECT THE RIGHT OF THE COMPANY, ANY PARENT OR ANY SUBSIDIARY TO TERMINATE THE EMPLOYMENT OF ANY
PERSON (INCLUDING ANY ELIGIBLE EMPLOYEE OR PARTICIPANT) AT ANY TIME, WITH OR WITHOUT CAUSE. 
 26.
NOTICE OF DISPOSITION OF SHARES. EACH PARTICIPANT SHALL GIVE PROMPT NOTICE TO THE COMPANY OF ANY DISPOSITION OR OTHER TRANSFER OF ANY SHARES OF STOCK PURCHASED UPON EXERCISE OF AN OPTION IF SUCH DISPOSITION OR TRANSFER IS MADE:
(A) WITHIN TWO (2) YEARS FROM THE ENROLLMENT DATE OF THE OFFERING PERIOD IN WHICH THE SHARES WERE PURCHASED OR (B) WITHIN ONE (1) YEAR AFTER THE EXERCISE DATE ON WHICH SUCH SHARES WERE PURCHASED. SUCH NOTICE SHALL SPECIFY THE
DATE OF SUCH DISPOSITION OR OTHER TRANSFER AND THE AMOUNT REALIZED, IN CASH, OTHER PROPERTY, ASSUMPTION OF INDEBTEDNESS OR OTHER CONSIDERATION, BY THE PARTICIPANT IN SUCH DISPOSITION OR OTHER TRANSFER. 

27. GOVERNING LAW. THE VALIDITY AND ENFORCEABILITY OF THIS PLAN SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE
WITH THE LAWS OF THE STATE OF DELAWARE WITHOUT REGARD TO OTHERWISE GOVERNING PRINCIPLES OF CONFLICTS OF LAW. 

  
 15

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