Document:

Exhibit 4.5

 Exhibit 4.5 
 NORTH FORK BANCORPORATION, INC. 
 1997 Non-Officer Stock Plan 
 Section 1. Establishment and Purpose 
 North Fork Bancorporation, Inc. (the “Company”) hereby establishes an incentive plan to be named the North Fork Bancorporation, Inc. 1997 Non-Officer Stock Plan (the “Plan”), for certain valued employees of the Company
and its subsidiaries. Eligibility for awards would be limited to full-time employees who are not “officers” of the Company for purposes of certain reporting rules promulgated by the Securities and Exchange Commission and/or listing rules
promulgated by the New York Stock Exchange, Inc. The purpose of the Plan is to encourage those valued employees who are given awards under the Plan to acquire and maintain an interest in the Common Stock of the Company and thus to have additional
incentive to continue to work for the success of the Company and its subsidiaries. This Plan shall become effective upon its approval by the Stock and Compensation Committee of the Board of Directors. 
 Section 2. Definitions 
 Whenever
used herein, the following terms shall have the respective meanings set forth below: 
 (a) Award means any Option or Restricted Stock or
right to receive either granted under the Plan. 
 (b) Award Agreement means the written agreement evidencing an Award under the Plan, which
shall be executed by the Company and the Participant. 
 (c) Committee means the Stock and Compensation Committee of the Board of Directors
of the Company (or any successor to such Committee). 
 (d) Company means North Fork Bancorporation, Inc., a Delaware corporation.

 (e) Disability means permanent and total disability as defined in Section 22(e)(3) of the Internal Revenue Code of 1986, as amended,
as determined by the Committee in good faith upon receipt of and in reliance on sufficient competent medical advice. 
 (f) Eligible Employee
means any salaried full-time employee of the Company or any Subsidiary other than an Excluded Person. 

 (g) Excluded Person means (i) any individual who is an “officer” of the Company as defined
in Rule 3b-2 promulgated by the Securities and Exchange Commission under the Securities Exchange Act of 1934, as amended, including but not limited to any individual who currently is a reporting person under Section 16(a) of such Act by virtue
of being an officer of the Company, (ii) any individual who is deemed an “officer” of the Company within the meaning of Rule 312.03 promulgated by the New York Stock Exchange, Inc., or (iii) any director of the Company.

 (h) Exercise Price of an Option means a price fixed by the Committee upon grant of the Option as the purchase price for Stock under the
Option, as such may be adjusted under Section 11 of the Plan. 
 (i) Fair Market Value of the Stock as of any particular day means
(i) for any period during which the Stock shall be listed for trading on a national securities exchange, the average of the high and low prices per share of the Stock on such exchange on the last preceding day on which trading occurred on such
exchange, (ii) for any period during which the Stock shall not be listed for trading on a national securities exchange, but when prices for the Stock shall be reported by the National Market System of the National Association of Securities
Dealers Automated Quotation System (“NASDAQ”), the average of the high and low transaction prices per share for the Stock as quoted by the National Market System of NASDAQ on the last preceding day on which securities markets were open, or
(iii) in the event neither (i) nor (ii) applies, the fair market price per share of the Stock for such day as determined by the Board of Directors of the Company. 
 (j) Option means the right to purchase Stock at the Exercise Price for a specified period of time and subject to specified conditions. For purposes of
the Plan, all Options shall be so-called nonqualified (or nonstatutory) stock options, not qualifying as “incentive stock options” under Section 422 of the Internal Revenue Code of 1986, as amended. 
 (k) Participant means any Eligible Employee designated by the Committee to receive an Award under the Plan. 
 (l) Period of Restriction means that period during which Restricted Stock is both subject to certain restrictions on transfer and subject to forfeiture
as specified in Section 10 of the Plan. 
 (m) Restricted Stock means shares of Stock awarded to an Eligible Employee that are both
subject to certain restrictions on transfer and are subject to forfeiture as specified in Section 10 of the Plan. 
 (n) Stock means the
Common Stock of the Company. 
 (o) Subsidiary means any corporation or entity a majority of the voting stock or voting interest of which is
owned or controlled, directly or indirectly, by the Company. 
  

 2 

 (p) Taxable Event means an event relating to an Award granted under the Plan which requires federal,
state or local tax to be withheld by the Company or a Subsidiary. 
 (q) Termination for Cause means, (i) for any Participant serving
under an employment agreement containing a provision for termination of employment for “cause,” termination of employment of the Participant for “cause” pursuant to such provision, and (ii) for any other Participant,
termination of employment of the Participant by a two-thirds vote of the entire Board of Directors of the Company or the Subsidiary employing such Participant, expressly for one or both of the following “causes,” as evidenced in a
certified resolution of the Board: (A) any willful misconduct by the Participant which is materially injurious to the Company or the Subsidiary, monetarily or otherwise; or (B) conviction of the Participant with no further possibility of
appeal of a felony under applicable state or federal banking or financial institution laws, or the agreement of the Participant to plead guilty to any such felony. 
 Section 3. Administration 
 The Plan will be administered by the Committee. The Committee will
have sole authority and discretion to select those Eligible Employees who will receive Awards under the Plan and to determine the number and type of Awards to be granted to such Eligible Employees and the conditions applicable to such Awards,
consistent with the terms of this Plan, provided that the Committee shall have the authority from time to time to designate a subcommittee consisting of one or more directors of the Company who are also executive officers of the Company, which
subcommittee shall have the authority to make such determinations on behalf of the Committee under the Plan as the Committee shall specify, any such determinations if and when made by such a subcommittee to be deemed for all purposes to be
determinations of the Committee. Any determination of the Committee under the Plan may be made without notice or meeting thereof, and all actions made or taken by the Committee pursuant to the provisions of the Plan shall be final, binding and
conclusive for all purposes and upon all persons. 
 Section 4. Duration 
 The duration of the Plan is to be twelve (12) months, from December 1, 1997 to November 30, 1998, inclusive. 
 Section 5. Shares Reserved Under the Plan 
 Initially, there shall be reserved for issuance under the Plan on the books of the Company 250,000 shares of Stock, and, thereafter, there shall be reserved for issuance under the Plan such number of shares of Stock
as the Committee or the Board of Directors may specify from time to time, provided that there shall be reserved for issuance at all times a number of shares of Stock at least equal to the number of shares then subject to Options previously granted
under the Plan and not theretofore fully exercised, cancelled or expired. 
  

 3 

 Section 6. Participants 
 Persons eligible for grants of Awards under the Plan will be those Eligible Employees of the Company or any Subsidiary who are expected to provide
valuable and significant services to the Company or such Subsidiary, as determined by the Committee in its sole discretion and as evidenced by the decision of the Committee to grant Awards to such individuals. In making all determinations under the
Plan, the Committee shall adhere carefully to all laws and regulations requiring nondiscriminatory treatment of employees. Subject to the foregoing, the Committee shall consider such factors as it deems pertinent in selecting Eligible Employees to
receive Awards and in determining the type and amount of their respective Awards. Designation of an Eligible Employee as a Participant to receive an Award in any year shall not require the Committee to designate such Eligible Employee to receive an
Award in any subsequent year or to designate any other Eligible Employee to receive an Award in such year or any subsequent year. 
 Section 7. Types of Awards 
 The following Awards, and rights thereto, may be granted under the Plan in any proportion:
Options and Restricted Stock, as described in Sections 9 and 10 below, respectively. Except as specifically limited herein, the Committee shall have complete discretion in determining the type and number of Awards to be granted to any Eligible
Employee and, subject to the provisions of the Plan, the terms and conditions which attach to each Award, which terms and conditions need not be uniform as among different Participants. Each Award shall be evidenced by an Award Agreement, as
provided in Section 8 of the Plan. From time to time, as the Committee deems appropriate and in the best long-term interests of the Company and its stockholders, the Committee may elect to modify or waive one or more terms or conditions of an
outstanding Award previously granted to a Participant under the Plan, provided that (i) no such modification or waiver shall give the Participant or any other Participant under the Plan any right to a similar modification or waiver of any other
Award previously or subsequently granted under the Plan, (ii) no such modification or waiver of an Award shall involve a change in the number of shares subject to the Award or a change in the Exercise Price of an Option, and (iii) any such
modification or waiver which is adverse or arguably adverse to the interests of the Participant holding such Award shall not be effective unless and until the Participant shall consent thereto. 
 Section 8. Award Agreements 
 Within ten business days after the grant of an Award, the Company shall notify the Participant of the grant and shall hand deliver or mail to the Participant an Award Agreement, duly executed by and on behalf of the Company, with the
request that the Participant execute the Agreement within 30 days after the date of mailing or delivery by the Company and return the same to the Company. The date of execution and return of the Award Agreement shall not necessarily be or affect the
date of grant of the Award, which may precede such date of execution and return, as the Committee may determine. If the Participant shall fail to execute and return to the Company the Award Agreement within said 30-day period, the Award shall be
deemed void and never to have been granted. 
  

 4 

 Section 9. Options 
 (a) All Options granted under the Plan shall be nonqualified stock options, that is, options that do not qualify as “incentive stock options”
under Section 422 of the Internal Revenue Code of 1986, as amended. Such Options shall constitute options to purchase shares of Stock at an Exercise Price established by the Committee upon grant, which Exercise Price shall not be less than, but
may be more than, 100 percent of the Fair Market Value of the Stock as of the date of grant. 
 (b) The Committee shall establish upon grant
of an Option the period of time during which such Option will be exercisable by the Participant, provided that no Option will continue to be exercisable, in whole or in part, later than ten years after the date of grant. Subject to this limitation,
the Committee may provide that full exercisability of an Option granted under the Plan will be phased in and/or phased out over some designated period of time. The Committee also may provide that exercisability of an Option will be accelerated, to
the extent such Option is not already then exercisable, upon the occurrence of a certain event or events as specified by the Committee, such as the retirement of the Participant or a change in control of the Company. Generally, exercisability of an
Option granted under the Plan is conditioned upon continued employment of the Participant by the Company and its Subsidiaries, provided that the Committee may specify upon grant that exercisability of an Option will continue for some designated
period of time after termination of employment. If the Committee does not specify otherwise, an Option granted under the Plan will continue to be exercisable after termination of employment of the Participant, to the extent such Option was
exercisable at termination of employment, in accordance with the following principles: (i) if employment is terminated other than due to the death, Disability or a Termination for Cause of the Participant, exercisability will continue for 90
days after the date of termination; (ii) if employment is terminated due to the death of the Participant, exercisability will continue until the normal end of the exercise period of the Option, as established upon grant thereof, (iii) if
employment is terminated due to Disability, exercisability will continue for one full year after the date of termination, and (iv) if employment is terminated in a Termination for Cause, exercisability will terminate immediately.
Notwithstanding the preceding sentence, in no event may any Option granted under the Plan be exercised after the tenth anniversary of the date of grant. Leaves of absence required by law or otherwise granted by the Company and transfers of
employment between the Company and/or Subsidiaries shall not constitute a termination of employment. 
 (c) Upon exercise of an Option, in
whole or in part, the Exercise Price with respect to the number of shares as to which the Option is then being exercised may be paid by check or, if the Participant so elects and with the consent of the Committee (which consent may be withheld for
any reason or no reason), in whole or in part by delivery to the Company of shares of Stock then owned by the Participant. Any Participant-owned Stock to be used in full or partial payment of the Exercise Price shall be valued at the Fair Market
Value of the Stock on the date of exercise. Delivery by the Company of the shares as to which an Option has been exercised shall be made to the person exercising the Option or the designee of such person. If so provided by the Committee upon the
grant of an Option, the shares of Stock issuable upon exercise of the Option may be subject to certain restrictions upon their subsequent 

  

 5 

 
transfer or sale. In the event the Exercise Price is to be paid in full or in part by surrender of Stock, in lieu of actual surrender of shares of Stock by
the Participant, the Company may waive such surrender and instead deliver to or on behalf of the Participant a number of shares equal to the total number of shares as to which the Option is then being exercised less the number of shares which would
otherwise have been surrendered by the Participant to the Company. 
 (d) The Committee may require reasonable advance notice of exercise of
an Option, normally not to exceed three calendar days, and may condition exercise of an Option upon the availability of an effective registration statement or exemption from registration under applicable federal and state securities laws relating to
the Stock being issued upon exercise. 
 Section 10. Restricted Stock 
 (a) Restricted Stock shall consist of Stock or rights to Stock awarded under the Plan by the Committee which, during a Period of Restriction specified by
the Committee upon grant, shall be subject to (i) restriction on sale or other transfer by the Participant and (ii) forfeiture by the Participant to the Company if the Participant ceases to be employed by the Company and its Subsidiaries,
in each case as further defined and described in this Plan and by the Committee upon grant. Restricted Stock may be granted at no cost to Participants or, if subject to a purchase price, such price shall not exceed the par value of the Stock and
shall be payable by the Participant to the Company in cash or by any other means that the Committee deems appropriate, including recognition of past employment. 
 (b) Except as otherwise provided below, the minimum Period of Restriction for Restricted Stock shall be three years from the date of grant of the Award. The Committee may provide upon grant of an Award of Restricted
Stock that different numbers or portions of the shares subject to the Award shall have different Periods of Restriction. The Committee also may specify upon grant of an Award of Restricted Stock or thereafter while such Award is outstanding that any
Period of Restriction for the Restricted Stock subject to the Award otherwise still in effect will terminate immediately upon the occurrence of a specified event or one of several specified events, such as the retirement of the Participant or a
change in control of the Company. The Committee also may establish upon grant of an Award of Restricted Stock that some or all of the shares subject thereto shall be subject to additional restrictions upon transfer or sale by the Participant
(although not to forfeiture) after expiration of the Period of Restriction. 
 (c) The Participant shall be entitled to all dividends
declared and paid on Stock with respect to all shares of Restricted Stock held by the Participant, from and after the date such shares are awarded to the Participant and throughout the Period of Restriction except as otherwise specified by the
Committee upon grant, and the Participant shall not be required to return any such dividends to the Company in the event of forfeiture of the Restricted Stock. 
 (d) A Participant shall be entitled to vote all shares of Restricted Stock awarded to the Participant from and after the date of grant and throughout the Period of Restriction except as otherwise specified by the
Committee upon grant. 
  

 6 

 (e) Pending expiration of the Period of Restriction for an Award of Restricted Stock, certificates
representing shares of Restricted Stock subject to the Award shall be held by the Company or the transfer agent for the Stock. Upon expiration of the Period of Restriction for any such shares, certificates representing such shares shall be delivered
to the Participant or in the event of death of the Participant, to the beneficiary of the Participant. 
 Section 11. Adjustment
Provisions 
 (a) If the Company shall at any time change the number of issued shares of Stock without new consideration to the Company
(such as by a stock dividend or stock split), the total number of shares then reserved for issuance on the books of the Company relating to the Plan and the number of shares (and, in the case of Options, the Exercise Price) covered by each
outstanding Award shall be adjusted so that the aggregate consideration payable to the Company, if any, and the value of each such Award to the Participant shall not be changed. Awards may also contain provisions for their continuation or for other
equitable adjustments after changes in the Stock resulting from any reorganization, sale, merger or consolidation involving the Company or any Subsidiary or any issuance of stock rights or warrants by the Company or any similar occurrence.

 (b) Notwithstanding any other provision of this Plan, and without affecting the number of shares reserved for issuance hereunder, the
Board of Directors shall use best efforts to authorize the issuance or assumption of benefits under the Plan in connection with any merger, consolidation, acquisition of property or stock, or reorganization involving the liquidation,
discontinuation, merger out of existence or fundamental corporate restructuring of the Company, upon such terms and conditions as it may deem appropriate. 
 Section 12. Nontransferability 
 Each Award of an Option granted under the Plan to a Participant
shall not be transferable otherwise than by will or the laws of descent and distribution, and shall be exercisable, during the Participant’s lifetime, only by the Participant. In the event of the death of a Participant holding an unexercised
Option, exercise of the Option may be made only by the executor or administrator of the estate of the deceased Participant or the person or persons to whom the deceased Participant’s rights under the Option shall pass by will or the laws of
descent and distribution, and such exercise may be made only to the extent that the deceased Participant was entitled to exercise such Option at the date of death. 
  

 7 

 Section 13. Taxes 
 The Company shall be entitled to withhold, and shall withhold, the minimum amount of any federal, state or local tax attributable to any Award granted
under the Plan, whether upon exercise of an Option or expiration or termination of a Period of Restriction for Restricted Stock or the occurrence of any other Taxable Event, after giving notice to the Participant affected by such tax withholding as
far in advance of the Taxable Event as practicable, and in any such case in which repayment or indemnification of such amount by or on behalf of the Participant is required, the Company may defer making delivery as to any Award until such repayment
or indemnification has been completed. Such withholding obligation of the Company may be satisfied by any reasonable method, including, if the Committee so provides, reducing the number of shares otherwise deliverable to or on behalf of the
Participant on such Taxable Event by a number of shares having a fair value, based on the Fair Market Value of the Stock on the date of such Taxable Event, equal to the amount of such withholding obligation. 
 Upon grant of an Award, the Committee may elect to provide that the Company shall pay on behalf of the Participant any taxes, federal, state or local,
payable by the Participant as a result of such grant, including all taxes payable by a Participant as a result of payment of taxes by the Company on behalf of the Participant in accordance with the first clause of this sentence. 
 Section 14. No Right to Employment 
 A Participant’s right, if any, to continue to serve the Company or any Subsidiary as an employee shall not be enhanced or otherwise affected by the designation of such person as an Eligible Employee or as a Participant under the Plan.

 Section 15. Amendment and Termination 
 The Committee or the Board of Directors of the Company may amend the Plan from time to time or terminate the Plan at any time. By mutual agreement between the Company and a Participant, one or more Awards may be
granted to such Participant in substitution and exchange for, and in cancellation of, any certain Awards previously granted such Participant under the Plan, provided that any such substitution Award shall be deemed a new Award for purposes of
calculating any applicable exercise period for Options or Period of Restriction for Restricted Stock. To the extent that any Awards which may be granted within the terms of the Plan would qualify under present or future laws for tax treatment that
is beneficial to a Participant and not detrimental to the Company, any such beneficial treatment shall be considered within the intent, purpose and operational purview of the Plan and the discretion of the Committee, and to the extent that any such
Awards would so qualify within the terms of the Plan, the Committee shall have full and complete authority to grant Awards that so qualify (including the authority to grant, simultaneously or otherwise, Awards which do not so qualify) and to
prescribe the terms and conditions (which need not be identical as among recipients) in respect to the grant or exercise of any such Awards under the Plan. 
  

 8 

 Section 16. Miscellaneous Provisions 
 (a) Naming of Beneficiaries. In connection with an Award, a Participant may name one or more beneficiaries to receive the Participant’s benefits, to
the extent permissible pursuant to the various provisions of the Plan, in the event of the death of the Participant. 
 (b) Successors. All
obligations of the Company under the Plan with respect to Awards issued hereunder shall be binding on any successor to the Company. 
 (c)
Governing Law. The provisions of the Plan and all Award Agreements under the Plan shall be construed in accordance with, and governed by, the laws of the State of Delaware without reference to conflict of laws provisions, except insofar as any such
provisions may be expressly made subject to the laws of any other state or federal law. 
  

 9Exhibit 4.6

 Exhibit 4.6 
 NORTH FORK BANCORPORATION, INC. 
 NEW EMPLOYEE STOCK COMPENSATION PLAN 
 Section 1. Establishment and Purpose 
 North Fork Bancorporation, Inc. (the “Company”) hereby establishes a long term incentive plan to be named the North Fork Bancorporation, Inc. New Employee Stock Compensation Plan (the “Plan”), for new employees of the
Company and its subsidiaries. The purpose of this Plan is to enhance the ability of the Company and its subsidiaries to attract motivated and talented management personnel by authorizing the grant of stock based awards to persons not previously
employed by the Company or any of its subsidiaries in connection with their entering into such an employment relationship. 
 Section 2. Definitions 
 Whenever used herein, the following terms shall have the respective meanings set forth below:

  

	 	(a)	Approval Date means, for any Award granted under the Plan, the date on which the Committee shall have acted to approve and authorize such Award. 

  

	 	(b)	Award means the grant of any Option or Restricted Stock or the right to receive either under the Plan. 

  

	 	(c)	Award Agreement means the written agreement between the Company and an Award Holder relating to an Award under the Plan. 

  

	 	(d)	Award Holder means an Eligible Employee who has received and continues to hold an Award under the Plan, or any permitted transferee who holds such an Award.

  

	 	(e)	Board means the Board of Directors of the Company. 

  

	 	(f)	Code means the Internal Revenue Code of 1986, as amended and in effect from time to time. 

  

	 	(g)	Committee means the Compensation and Stock Committee of the Board, which is the initial administrator of the Plan, or any successor administrator of the Plan.

  

	 	(h)	Company means North Fork Bancorporation, Inc., a Delaware corporation. 

  

	 	(i)	Current Market Value means, for any particular day, (i) for any period during which the Stock shall be listed for trading on a national securities exchange, the average
of the high and low price per share of Stock on such exchange on such day, (ii) for any period during which the Stock shall not be listed for trading on a national securities exchange, but when prices for the Stock shall be reported by the
National Market System of the National Association of Securities Dealers Automated Quotation System (“NASDAQ”), the average of the high and low 

 transaction price per share as quoted by the National Market System of NASDAQ for such day,
(iii) for any period during which the Stock shall not be listed for trading on a national securities exchange or its price reported by the National Market System of NASDAQ, but when prices for the Stock shall be reported by NASDAQ, the average
of the high and low bid price per share as reported by NASDAQ for such day, or (iv) in the event none of (i), (ii) and (iii) above shall be applicable, the fair market price per share of Stock for such day as determined by the Board
of Directors. If Current Market Value is to be determined as of a day when the securities markets are not open, the Current Market Value on that day shall be the Current Market Value on the nearest preceding day when the markets were open.

  

	 	(j)	Date of Employment means the date an Eligible Employee commences employment with the Company or any of its Subsidiaries. 

  

	 	(k)	Eligible Employee means any person who has commenced employment or accepted an offer of employment with the Company or any Subsidiary as a salaried employee thereof
(including as an officer or a director who is also an employee) but who has not been so employed for more than 60 days. 

  

	 	(l)	Exchange Act means the Securities Exchange Act of 1934, as amended. 

  

	 	(m)	Exercise Price of an Option means a price fixed by the Committee as the purchase price for Stock under the Option, as such may be adjusted under Section 10.

  

	 	(n)	Option means a right to purchase a certain number of shares of Stock at a designated Exercise Price for a specified period of time and subject to specified conditions. For
purposes of the Plan, all Options shall be so-called nonqualified (or nonstatutory) stock options, not qualifying as “incentive stock options” under Section 422 of the Code. 

  

	 	(o)	Option Date means, for any Option granted under the Plan, the Date of Employment of the Eligible Employee to which such Option is awarded. 

  

	 	(p)	Period of Restriction means the period during which any shares of Restricted Stock awarded under the Plan are subject to forfeiture as provided under Section 9, which
period shall extend from the date such shares of Restricted Stock are issued to an Eligible Employee until the last day of such period as determined under the Plan. 

  

	 	(q)	Reporting Person means a person subject to Section 16 of the Exchange Act. 

  

	 	(r)	Restricted Stock means shares of Stock awarded under the Plan that are subject to a certain risk of forfeiture during the Period of Restriction for such shares as established
under Section 9 but that cease to be subject to such risk of forfeiture and cease to be Restricted Stock upon expiration of the Period of Restriction. 

  

 2 

	 	(s)	Rule 16b-3 means Rule 16b-3 promulgated by the Securities and Exchange Commission pursuant to the Exchange Act, or any successor regulation. 

  

	 	(t)	Stock means the Common Stock of the Company. 

  

	 	(u)	Subsidiary means a subsidiary corporation of the Company as defined in Section 424(f) of the Code. 

  

	 	(v)	Taxable Event means an event relating to an Award under the Plan which requires federal, state or local tax to be withheld by the Company or a Subsidiary.

  

	 	(w)	Terminated for Cause means, (i) for Award Holders serving under an employment agreement containing a provision for termination of employment for “cause,”
termination of employment of the Award Holder for “cause” pursuant to such provision, and (ii) for other Award Holders, termination of employment of the Award Holder by a two-thirds vote of the entire Board of Directors of the Company
or the Subsidiary employing such Award Holder, expressly for one or both of the following “causes,” as evidenced in a certified resolution of the Board: (A) any willful misconduct by the Award Holder that is materially injurious to
the Company or the Subsidiary, monetarily or otherwise; or (B) conviction of the Award Holder with no further possibility of appeal of any felony under applicable state or federal banking or financial institution laws, or the agreement of the
Award Holder to plead guilty to any such felony. 

 Section 3. Administration 
 The Plan initially will be administered by the Committee. The determinations of the Committee shall be made in accordance with its judgment as to the
best interests of the Company and its stockholders and in accordance with the purposes of the Plan. Notwithstanding the foregoing, the Committee in its discretion may delegate to the President or other appropriate officers of the Company or any
Subsidiary the authority to make any or all determinations under the Plan, including the decision to grant Awards and the types of Awards granted, to the extent permitted under applicable law; provided, however, that no such delegation shall apply
to Awards granted to persons who are Reporting Persons. A majority of members of the Committee shall constitute a quorum, and all determinations of the Committee shall be made by a majority of its members. Any determination of the Committee under
the Plan may be made without notice or meeting of the Committee, and all actions made or taken by the Committee pursuant to the provisions of the Plan shall be final, binding and conclusive for all purposes and upon all persons. 
 Section 4. Shares Authorized for Awards 
 The maximum number of shares available for Awards under the Plan is 1,000,000 shares of Stock and there is hereby reserved for issuance under the Plan an aggregate of 1,000,000 shares of Stock, subject to adjustment as provided in
Section 10. Such shares may be allocated as between Awards of Options and Awards of Restricted Stock as the Committee deems appropriate. Shares underlying outstanding Options and outstanding shares of unvested Restricted Stock will be counted
against the Plan maximum while such Options and shares of 
  

 3 

 Restricted Stock are outstanding. Upon termination of exercisability of outstanding Options prior to the full exercise
thereof or forfeiture of outstanding shares of Restricted Stock prior to the vesting thereof, the shares underlying such Awards at the time of termination or forfeiture shall be returned to the Plan and shall again be available for future grants of
Awards thereunder. In addition, if payment of the Exercise Price of any Option granted under the Plan is satisfied, upon exercise of such Option, by the Award Holder’s surrender to the Company of shares of Stock previously owned by the Award
Holder (or, in lieu of actual surrender, by a constructive surrender of such shares), the number of shares surrendered or constructively surrendered shall be returned to the Plan and shall again be available for future grants of Awards thereunder.
The maximum number of shares subject to Awards that may be granted to any one Eligible Employee under the Plan is two hundred thousand (200,000). 
 Section 5. Persons Eligible to Receive Awards 
 Awards may be granted under the Plan only to Eligible Employees. The
Committee shall have the authority, acting in its sole discretion, to grant an Award to an Eligible Employee under the Plan upon a determination that the Award will provide incentive to the individual to work for the benefit of the Company and its
stockholders. Subject to the terms of the Plan, an Award may be granted to an Eligible Employee prior to the time that such individual first performs services for the Company or any Subsidiary, provided such individual has accepted or simultaneously
accepts an offer of employment, either written or oral, from the Company or any Subsidiary and provided further that any such grant of an Award to an individual prior to commencement of employment shall be conditional upon such individual’s
subsequently commencing employment. 
 Section 6. Types of Awards 
 The following Awards, and rights thereto, may be granted under the Plan in any proportion: Options and Restricted Stock, each as further
described below. Except as specifically limited herein, the Committee, in granting an Award to an Eligible Employee, shall have complete discretion in determining the type of such Award, the number of shares of Stock subject thereto, and the terms
and conditions of such Award, which terms and conditions need not be uniform as among different Awards. Each Award shall be evidenced by an Award Agreement, as provided in Section 7 of the Plan. From time to time, as the Committee deems
appropriate and in the best long-term interests of the Company and its stockholders, the Committee may elect to modify or waive one or more terms or conditions of an outstanding Award previously granted under the Plan, provided that (i) no such
modification or waiver shall give the Award Holder of any other Award granted under the Plan any right to a similar modification or waiver, (ii) no such modification or waiver of an Award shall involve a change in the number of shares subject
to the Award or a change in the Exercise Price of an Option or the purchase price, if any, of Restricted Stock which is the subject of the Award, and (iii) any such modification or waiver which is adverse or arguably adverse to the interests of
the Award Holder shall not be effective unless and until the Award Holder shall consent thereto in writing. 
 Section 7. Award
Agreements 
 Within thirty (30) days after the Approval Date of an Award to an Eligible Employee or the Date of Employment of such
individual, whichever is later, the Company shall notify the 
  

 4 

 individual of the grant of such Award and shall hand deliver or mail to the individual an Award Agreement, duly executed
by and on behalf of the Company, with the request that the individual execute the agreement within thirty (30) days after the date of mailing or delivery by the Company and return the same to the Company. If the individual shall fail to execute
and return the Award Agreement to the Company within said 30-day period, the Committee may elect to treat the Award as void and never granted. If an Award granted under the Plan is eligible for transfer and the subject of a proposed eligible
transfer, no such transfer shall be or become effective until and unless the permitted transferee shall have duly executed and returned to the Company an Award Agreement in a form acceptable to the Committee. 
 Section 8. Stock Options 
 (a)
Upon the grant of an Award in the form of an Option to an Eligible Employee under the Plan, the Committee shall determine the number of shares of Stock subject to the Award. 
 (b) The Committee shall determine the Exercise Price of any Option granted hereunder, provided such Exercise Price shall not be less than, but may be
more than, 100 percent of the Current Market Value of the Stock on the Date of Employment of the Eligible Employee to whom the Option is granted. 
 (c) Except as the Committee may otherwise provide, any Option granted hereunder will first become exercisable by the Award Holder, in whole or in part, six (6) months after the Date of Employment. Unless otherwise provided by the
Committee, the exercisability of any Option granted hereunder will be accelerated, to the extent such Option is not already then exercisable, upon the subsequent occurrence of a “change in control” of the Company, as defined by the
Committee, or such other occurrence as the Committee may specify. Generally, exercisability of any Option granted hereunder to an Eligible Employee also shall be conditioned upon continuity of employment of such individual with the Company and its
Subsidiaries, provided that, if the Committee so provides upon grant, exercisability of the Option may continue for some designated period of time after termination of employment, subject to the following limitations: (i) if employment is
terminated other than due to the death of such individual, exercisability may be extended to not more than one year after termination; and (ii) if employment is terminated due to the death of such individual, exercisability may be extended to
the normal end of the exercise period. In addition, no Option granted hereunder to an Eligible Employee may be exercisable after Termination for Cause of such individual. Leaves of absence granted by the Company for military service or illness and
transfers of employment between the Company and any Subsidiary shall not constitute termination of employment. 
 (d) Upon exercise of any
Option granted hereunder, in whole or in part, the Exercise Price with respect to the number of shares as to which the Option is then being exercised may be paid by check or, if the Award Holder so elects, in whole or in part by surrender to the
Company of shares of Stock previously owned by the Award Holder and meeting the Company’s requirements for such shares. Any previously-owned shares of Stock to be used in full or partial payment of the Exercise Price shall be valued at the
Current Market Value of the Stock on the date of exercise. In lieu of the actual surrender of qualifying shares of Stock by the Award Holder to the Company in any such stock-for-stock exercise, the Award Holder may merely 
  

 5 

 affirm to the Company the Award Holder’s ownership of such number of shares, in which event the Award Holder shall
be deemed to have constructively surrendered such shares in payment of the Exercise Price and the Company, upon its delivery of the shares of Stock as to which the Option is being exercised, shall deduct from the number of shares otherwise
deliverable the number of shares deemed surrendered but not actually surrendered by the Award Holder, which deducted shares shall be deemed to have been constructively delivered to the Award Holder on the exercise date, in exchange for the shares
constructively surrendered by the Award Holder on such date. Delivery by the Company of shares of Stock upon exercise of an Option shall be made to the person exercising the Option or the designee of such person subject to such terms, conditions,
restrictions and contingencies as may be provided in the Award Agreement. 
 (e) The Committee, in approving an Award of Options, may require
reasonable advance notice from the Award Holder of the exercise thereof, normally not to exceed three calendar days, and may condition exercise thereof upon the availability of an effective registration statement or exemption from registration under
applicable federal and state securities laws relating to the Stock being issued upon exercise. 
 Section 9. Restricted Stock

 (a) Upon the grant of an Award in the form of Restricted Stock to an Eligible Employee under the Plan, the Committee shall determine
the number of shares of Restricted Stock subject to the Award. Restricted Stock granted under the Plan will involve no cost to the Eligible Employee, except as applicable law may otherwise specifically require, in which event the Award will be
subject to the consent of the Eligible Employee to pay such cost, which will not in any event exceed the aggregate par value of the Stock subject to the Award. 
 (b) Upon grant of an Award in the form of Restricted Stock to an Eligible Employee under the Plan, the Committee shall determine the last day of the Period of Restriction for the shares of Restricted Stock subject to
the Award. If the Committee so provides, different numbers or portions of the shares of Restricted Stock subject to an Award may have different Periods of Restriction. Except under unusual circumstances, as specifically determined by the Committee,
the last day of the Period of Restriction for any shares of Restricted Stock granted under the Plan shall not be earlier than the day one (1) year after the Date of Employment. Notwithstanding the foregoing, in the case of any shares of
Restricted Stock awarded under the Plan, if the Committee so provides upon grant thereof, the Period of Restriction will be foreshortened upon the occurrence during such period of a “change in control” of the Company, as defined by the
Committee. Moreover, the Committee also may foreshorten the Period of Restriction for any shares of Restricted Stock upon the death of the Award Holder, as provided in Section 11. During the Period of Restriction, the shares of Restricted Stock
shall be subject to forfeiture by the Award Holder to the Company if such individual ceases to be employed by the Company or its Subsidiaries. 
 (c) Shares of Restricted Stock awarded under the Plan to an Eligible Employee will be issued in the name of such individual on the Approval Date. Pending expiration of the Period of Restriction, certificates representing shares of
Restricted Stock shall be held by the Company or the transfer agent for the Stock. Upon expiration of the Period of Restriction for any such shares, certificates representing such shares shall be delivered to the Award Holder or the Award
Holder’s designee. 
  

 6 

 (d) From and after the Approval Date for an Award of Restricted Stock, the Award Holder shall be entitled
to receive and hold all dividends declared and paid by the Company with respect to the shares of Restricted Stock subject to the Award, which dividends will be the same as those declared and paid by the Company with respect to all outstanding shares
of Stock generally. In the event of any subsequent forfeiture of such shares of Restricted Stock, the Award Holder shall not be required to return to the Company any dividends previously received with respect to such shares. 
 (e) From and after the Approval Date for an Award of Restricted Stock, the Award Holder shall be entitled to exercise all voting rights with respect to
the shares of Restricted Stock subject to the Award, which rights will be the same as those possessed by holders of outstanding shares of Stock generally. 
 Section 10. Adjustment Provisions 
 (a) If the Company shall at any time change the number of
issued shares of Stock without new consideration to the Company (such as by a stock dividend, recapitalization, stock split or reverse stock split), the total number of shares reserved for issuance under the Plan and the maximum number of shares
available for Awards to any one Eligible Employee under the Plan shall be adjusted accordingly, and the number of shares (and, in the case of Options, the Exercise Price) covered by each outstanding Award shall be adjusted so that the aggregate
consideration payable to the Company, if any, and the value of each such Award to the Award Holder shall not be changed. The Committee shall make appropriate adjustments to the terms of the Plan and any outstanding Award to fully effect the intent
of this Section 10(a). Awards may also contain provisions for their continuation or for other equitable adjustments after changes in the Stock resulting from reorganization, sale, merger, consolidation, issuance of stock rights or warrants or
similar occurrence, as the Committee deems appropriate. 
 (b) Notwithstanding any other provision of this Plan, and without affecting the
number of shares reserved or available for issuance hereunder, the Board shall use best efforts to authorize the issuance or assumption of benefits under the Plan in connection with any merger, consolidation, acquisition of property or stock, or
reorganization involving the liquidation, discontinuation, merger out of existence or fundamental corporate restructuring of the Company, upon such terms and conditions as it may deem appropriate. 
 Section 11. Transfers of Awards 
 Subject to any overriding restrictions and conditions as may be established from time to time by the Board, upon the grant of any Award under the Plan the Committee may determine that the Award shall be transferable at the election of the
Award Holder, in the case of an Option, prior to exercise thereof, and in the case of Restricted Stock, prior to expiration of the Period of Restriction therefor, to such persons and subject to such terms and conditions as the Committee may specify.
Unless the Committee shall specifically determine upon grant that an Award is thus transferable by the Award Holder, each Award granted under the Plan shall not be 
  

 7 

 transferable by the Award Holder, otherwise than by will or similar instrument by which the Award Holder may effect
transfer of the Award upon the Award Holder’s death, including any written designation of beneficiary as the Committee may approve, or by or the laws of descent and distribution, and shall be exercisable, during the Award Holder’s
lifetime, only by the Award Holder. In the event of the death of an Award Holder holding an unexercised Option, exercise of the Option may be made only by the person or persons to whom the deceased Award Holder’s rights under the Option shall
pass or by the executor or administrator of the estate of the Award Holder, and such exercise may be made only to the extent that the deceased Award Holder was entitled to exercise such Option at the date of death. In the event an Eligible Employee
who has received an Award or Awards of Restricted Stock dies before expiration of the Period of Restriction for such Award or Awards, the Committee may, in its sole discretion, if and to the extent it believes such action is warranted in light of
all applicable circumstances, elect within sixty (60) days after the date of death to foreshorten the Period of Restriction for some or all of the shares of Restricted Stock subject to the Award(s) to the date of death of the Eligible Employee,
such that the shares shall be deemed not to be forfeited and no longer to be Restricted Stock as of the date of death. 
 Section 12.
Taxes 
 The Company shall be entitled to withhold, and shall withhold, the minimum amount of any federal, state or local tax
attributable to any delivery of shares under the Plan, whether upon exercise of an Option or expiration of a Period of Restriction for Restricted Stock or occurrence of any other Taxable Event, after giving the person entitled to receive such
delivery notice as far in advance of the Taxable Event as practicable, and the Company may defer making delivery as to any Award, if any such tax is payable, until indemnified to its satisfaction. Such withholding obligation of the Company may be
satisfied by any reasonable method, including, if the Company so elects in its sole discretion, by reducing the number of shares otherwise deliverable to or on behalf of the Award Holder on such Taxable Event by a number of shares of Stock having a
Current Market Value on the date of such Taxable Event equal to the amount of such withholding obligation. 
 Section 13. No Right to
Employment 
 No Eligible Employee shall have any right to employment or continued employment with the Company or any of its
Subsidiaries, as an officer or other employee, solely as a result of such individual’s receipt of an Award under the Plan. 
 Section 14. Duration, Amendment and Termination 
 The Committee or the Board may amend the Plan from time to time or
terminate the Plan at any time. By mutual agreement between the Company and an Award Holder, one or more Awards may be granted to such Award Holder in substitution and exchange for, and in cancellation of, any certain Awards previously granted such
Award Holder under the Plan, provided that any such substitution Award shall be deemed a new Award for purposes of calculating any applicable exercise period for Options or Period of Restriction for Restricted Stock. To the extent that any Awards
which may be granted within the terms of the Plan would qualify under present or future laws for tax treatment that is beneficial to an Award Holder, any 
  

 8 

 such beneficial treatment shall be considered within the intent, purpose and operational purview of the Plan and the
discretion of the Committee, and to the extent that any such Awards would so qualify within the terms of the Plan, the Committee shall have full and complete authority to grant Awards that so qualify (including the authority to grant, simultaneously
or otherwise, Awards which do not so qualify) and to prescribe the terms and conditions (which need not be identical as among recipients) in respect to the grant or exercise of any such Awards under the Plan. 
 Section 15. Miscellaneous Provisions 
 (a) Naming of Beneficiaries. In connection with an Award, an Award Holder may name one or more beneficiaries entitled to receive, in the event of the death of the Award Holder, the Award Holder’s benefits, to the extent
permissible pursuant to the various provisions of the Plan and in accordance with the Committee’s specifications. 
 (b)
Successors. All obligations of the Company under the Plan with respect to Awards issued hereunder shall be binding on any successor to the Company. 
 (c) Governing Law. The provisions of the Plan and all Award Agreements under the Plan shall be construed in accordance with, and governed by, the laws of the State of Delaware without reference to conflict of
laws provisions, except insofar as any such provisions may be expressly made subject to the laws of any other state or federal law. 
 (d)
Approval by the Board and the Committee. The Plan, in order to become effective, must be approved by the Board. Any Award granted under this Plan and any Award Agreement executed pursuant thereto prior to the submission of this Plan to the
Board for approval shall be void and of no effect if this Plan is not approved as provided above. 
  

 9

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00114-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00114-of-00352.parquet"}]]