Document:

Employment Agreement, dated January 18, 2007 and effective as of March 1, 2007

 Exhibit 10.1 
 EMPLOYMENT AGREEMENT 
 THIS EMPLOYMENT AGREEMENT (“Agreement”) is effective as of
the 1st of March, 2007, by and between SCHLUMBERGER LIMITED, a Netherlands Antilles corporation (the “Company”), and Jean-Marc Perraud, an individual currently residing in Houston, TX (“Executive”). 
 1. Employment of Executive: In consideration of the mutual covenants and agreements herein contained, including Executive’s agreement to sign
a release of claims as provided in Section 13, the Company and Executive wish to establish an Employment Agreement retaining Executive’s services as described herein, establishing certain incentive, tenure and performance criteria related
to such employment and otherwise fixing Executive’s benefits, base salary and incentive compensation. 
 2. Term and Extent of
Services: During the Term, as defined below, Executive shall be employed as Senior Financial Advisor reporting to Andrew Gould, Chairman & CEO. The term hereof shall commence March 1st, 2007 (the “Effective Date”) and
shall continue until the close of business on November 30th, 2010 (the “Term”). The initial term as referenced herein shall commence on the Effective Date and shall continue until November 30th, 2007 (the “Initial Term”). The Secondary Term shall commence December 1st, 2007 and shall continue until November 30th, 2010 (the “Secondary Term”). During the Initial Term, Executive agrees to devote up to 100% of his time to the business of the Company,as requested, and to perform to the best of his ability and with reasonable
diligence the duties and responsibilities assigned to him by the appropriate management of the Company. During the Secondary Term, Executive agrees to devote up to 50% of his time to the business of the Company, as requested, and to perform to the
best of his ability and with reasonable diligence the duties and responsibilities assigned to him by the appropriate management of the Company. At the expiration of the Term, Executive agrees to voluntarily terminate his employment with the Company
and all affiliates. 
 Nothing herein shall prohibit Executive, during the Term, from being engaged as a consultant to organizations and businesses, except
those described as Unauthorized Competitors in Section 5, provided that Executive’s work as a consultant does not affect his ability to perform the duties and responsibilities assigned to him under this Agreement. 
 3. Compensation and Benefits: 
  

	 	(a)	Salary: During the Initial Term, Executive’s base salary shall be US$ 50,000.00 per month. During the Secondary Term, Executive’s base salary shall be US$
37,500.00 per month. During the Term, Executive’s base salary shall be payable monthly in accordance with the Company’s normal payroll practices. 

	 	(b)	Welfare Benefits: During the Term, Executive shall be eligible to participate in the Company’s health, welfare and insurance plans (e.g., medical, dental, vision, life
insurance, short- and long-term disability, etc.) on a basis comparable to that of other U.S. employees. 

  

	 	(c)	Pension and Profit-Sharing: During the Term, or if Executive’s employment is terminated sooner pursuant to Section 4, until such termination, Executive shall
continue to accrue benefits under the Company’s qualified pension plan and qualified profit-sharing plan based on an annual base salary of US$ 600,000.00. Executive will also accrue benefits, under the same plans, on the Incentive payment to be
made to him in January 2008, as per section 3(d)(i) below. 

  

	 	(d)	Incentive Plans: 

 During the
Initial Term, Executive will participate on a prorated basis for the 11 months of January through November 2007 in the Company’s Performance Incentive Program at a range level of 100% of base pay. During the Secondary Term, Executive shall not
participate in the Company’s Performance Incentive Plan. 
  

	 	i.	During the Term, or if Executive’s employment is terminated sooner pursuant to Section 4, until such termination, Executive will continue to vest in stock options
previously granted to Executive under the Company’s stock option plans in accordance with the terms of those plans and any applicable agreements. 

  

	 	ii.	Upon termination of employment, except for a termination for Cause pursuant to Section 4 (c) or upon Executive’s employment with an Unauthorized Competitor as
described in Section 5 (c) (i), Executive shall have the lesser of 5 years or the length of time left on the option term from the date of such termination to exercise any previously granted stock options, to the extent that such options
were exercisable as of the date of such termination. 

  

	 	(e)	Vacation: During the Term, Executive shall not be eligible to accrue vacation pay. Within 30 days after the Effective Date, Executive shall be paid a cash amount representing
his accrued and unused vacation accumulated as of February 28th, 2007. 

	 	(f)	Expense Reimbursement: Executive shall be reimbursed for any expenses incurred in the normal course of performing his duties, including any travel expenditures necessary to
satisfactorily perform his duties. 

 4. Termination of Employment: Should Executive’s employment terminate prior
to the end of the Term, the following provisions of this Section 4 shall govern the rights of Executive under this Agreement: 
  

	 	(a)	Termination Due to Death: In the event Executive’s employment terminates during the Term as a result of Executive’s death, Executive’s beneficiary or
beneficiaries shall receive any base salary and benefits accrued but unpaid as of his death, plus any amounts payable on account of Executive’s death pursuant to any other plan or program of the Company. 

  

	 	(b)	Termination Due to Disability: In the event Executive’s employment terminates during the Term due to his disability within the meaning of any long-term disability plan
maintained by the Company and covering Executive as of the date of Executive’s disability, Executive shall receive any base salary and benefits accrued but unpaid as of the date of his termination due to disability, plus any amounts payable on
account of Executive’s disability pursuant to any other plan or program of the Company. 

  

	 	(c)	Termination by the Company for Cause: In the event the Company terminates Executive’s employment during the Term for Cause, as defined below, he shall be entitled to:

  

	 	i.	His base salary through the date of the termination of his employment for Cause; and 

  

	 	ii.	Any other amounts earned, accrued or owing as of the date of termination of employment under the applicable employee benefit plans or programs of the Company.

 “Cause” means Executive’s dishonesty, conviction of a felony, willful unauthorized disclosure of confidential information of
the Company, or willful refusal to perform the duties of Executive’s position or positions with the Company. 
  

	 	(d)	 Voluntary Termination: Upon 15 days’ prior written notice to the Company (unless otherwise waived by the Company), Executive may voluntarily terminate
his employment with the Company. A voluntary termination pursuant to this Section 4(d) shall not include a termination under Section 4 (a), 4 (b) or 4 (c) above, and 

	 	 
shall not be deemed a breach of this Agreement by Executive (except if Executive accepts employment or other prohibited association with an Unauthorized
Competitor, as defined below, during the Term of this Agreement). 

 In the event Executive voluntarily terminates his
employment during the Term, and (I) does not become employed by an Unauthorized Competitor or (II) becomes employed by another Oil & Gas related Company with Andrew Gould’s consent (which consent will not be unreasonably withheld), he
shall be entitled to: 
  

	 	i.	his base salary through the date of the termination of his employment; 

  

	 	ii.	other benefits for which he is eligible in accordance with applicable plans or programs of the Company; 

  

	 	iii.	exercise any stock options granted under a stock option plan of the Company that vested during the Term of the Agreement (and prior to his termination date) for up to the lesser of
5 years or the amount of time left on the option term after his termination date but not to exceed the original option term. 

  

	 	(e)	Termination Due to Mutual Agreement: In the event the Company and the Executive mutually agree to terminate this Agreement, the Executive’s employment will be terminated
and he shall be entitled to: 

  

	 	i.	his base salary through the date of the termination of his employment; 

  

	 	ii.	other benefits for which he is eligible in accordance with applicable plans or programs of the Company; 

  

	 	iii.	exercise any stock options granted under a stock option plan of the Company that vested during the Term of the Agreement (and prior to his termination date) for up to the lesser of
5 years or the amount of time left on the option term after his termination date but not to exceed the original option term; 

  

	 	iv.	if during the Initial Term, the sum of $600,000 divided by 12 and multiplied by the number of months remaining in the Initial Term, plus an additional lump sum of $550,000

	 	v.	if during the Secondary Term, the sum of $1,350,000 divided by 36 and multiplied by the number of months remaining in the Secondary Term. 

 For purposes of this Agreement, an Unauthorized Competitor means those companies as defined in Section 5, involved in the oilfield services and equipment business.

 5. Confidentiality, Return of Property, and Covenant Not to Compete: 
 (a) Confidentiality. The Company agrees that at the time of execution of this Agreement, or shortly thereafter during the Term of this Agreement,
the Company will provide Executive with Confidential Information as necessary to perform his duties hereunder. Executive agrees that in return for this and other consideration provided under this Agreement he will not disclose or make available to
any other person or entity, or use for his own personal gain, any Confidential Information, except for such disclosures as required in the performance of his duties hereunder. For purposes of this Agreement, “Confidential Information”
shall mean any and all information, data and knowledge that have been created, discovered, developed or otherwise become known to the Company or any of its affiliates or ventures or in which property rights have been assigned or otherwise conveyed
to the Company or any of its affiliates or ventures, which information, data or knowledge has commercial value in the business in which the Company is engaged, except such information, data or knowledge as is or becomes known to the public without
violation of the terms of this Agreement. By way of illustration, but not limitation Confidential Information includes trade secrets, processes, formulas, know-how, improvements, discoveries, developments, designs, inventions, techniques, marketing
plans, manual, records of research, reports, memoranda, computer software, strategies, forecasts, new products, unpublished financial statements or parts thereof, budgets or other financial information, projections, licenses, prices, costs, and
employee, customer and supplier lists or parts thereof. 
 (b) Return of Property. Executive agrees that at the time of leaving the
Company’s employ, he will deliver to the Company (and will not keep in his possession, recreate or deliver to anyone else) all Confidential Information, as well as all other devices, records, data, notes, reports, proposals, lists,
correspondence, specifications, drawings, blueprints, sketches, materials, equipment, customer or client lists or information, or any other documents or property (including all reproductions of the aforementioned items) belonging to the Company or
any of its affiliates or ventures, regardless of whether such items were prepared by Executive. 
 (c) Covenant Not to Compete.
Executive acknowledges that the skills, processes and information developed at the Company are highly proprietary and global in nature and could be utilized directly and to the Company’s detriment (or the detriment of any of the Company’s
affiliates or ventures) by several other businesses. Executive also acknowledges that the nature of his duties and responsibilities under the Agreement will bring him into close contact with much of the Company’s Confidential Information, and
the Company has affirmatively agreed to provide him with Confidential Information. Accordingly, for the consideration provided to Executive in this Agreement, Executive agrees to be bound by the following restrictive covenants: 

	 	i.	During the Term, Executive shall not accept employment with or render services to any Unauthorized Competitor as a director, officer, agent, employee, independent contractor
or consultant, or take any action inconsistent with fiduciary relationship of an employee to his employer. In order to protect the Company’s good will and other legitimate business interests, provide greater flexibility to Executive in
obtaining other employment and to provide both parties with greater certainty as to their obligations hereunder, the parties agree that Executive shall not be prohibited from accepting employment any where in the world with any company or other
enterprise except an Unauthorized Competitor. For purposes of this Agreement, an “Unauthorized Competitor” means major oilfield equipment and services business, more specifically defined as Halliburton Company, Baker Hughes Inc., BJ
Services Company, Weatherford International, CGG-Veritas and PGS, including any and all of their parents, subsidiaries, affiliates, joint ventures, divisions, successors, or assigns. 

  

	 	ii.	Executive further agrees that during the Term, he shall not at any time, directly or indirectly, induce, entice or solicit (or attempt to induce, entice or solicit) any employee of
the Company or any of its affiliates or ventures to leave the employment of the Company or any of its affiliates or ventures. 

  

	 	iii.	Executive acknowledges that this restrictive covenant under Section 5, for which he received consideration from the Company as provided in this Section 5, is ancillary to
otherwise enforceable provisions of this Agreement and that these restrictive covenants contain limitations as to time, geographical area and scope of activity to be restrained that are reasonable and do not impose a greater restraint than is
necessary to protect the good will or other business interests of the Company, such as the Company’s need to protect its confidential and proprietary information. Executive acknowledges that in the event of a breach by Executive of these
restrictive covenants, the covenants may be enforced by temporary restraining order, preliminary or temporary injunction and permanent injunction, in addition to any other remedies that may be available by law. In that connection, Executive
acknowledges that in the event of a breach, the Company will suffer irreparable injury for which there is no adequate legal remedy, in part because damages caused by the breach may be difficult to prove with any reasonable degree of certainty.

	 	iv.	Executive further acknowledges that if his employment terminates prior to the Term, pursuant to Section 4 (c), (d) or (e) of this Agreement, the covenant not to
compete provisions of this Agreement will extend throughout the remainder of the Term. 

 (d) Employment by Affiliates:
Notwithstanding any provision of this Agreement to the contrary, for purposes of determining whether Executive has terminated employment hereunder, “employment” means employment as an employee with the Company or any Affiliate. For
purposes of this Agreement, the term “Affiliate” means (i) Schlumberger Limited, a Netherlands Antilles corporation, (ii) any corporation in which the shares owned or controlled directly or indirectly by Schlumberger Limited
shall represent 40% or more of the voting power of the issued and outstanding stock of such corporation, and (iii) any other company controlled by, controlling or under common control with the Company within the meaning of Section 414 of
the Internal Revenue Code of 1986, as amended. 
 6. Expenses: The Company and Executive shall each be responsible for its/his own
costs and expenses, including, without limitation, court costs and attorney’s fees, incurred as a result of any claim, action or proceeding arising out of, or challenging the validity or enforceability of, this Agreement or any provisions
hereof. 
 7. Notices: For purposes of this Agreement, notices and all other communications provided for herein shall be in writing
and shall be deemed to have been duly given when personally delivered or when mailed by United States registered or certified mail, return receipt requested, postage prepaid, addressed as follows: 
  

			
	If to the Company:	  	Schlumberger Limited
		  	5599 San Felipe
		  	77056 Houston, TX
		  	ATTENTION: Director of Personnel, SL
		
	If to Executive:	  	Jean-Marc Perraud,
		  	5715 Will Clayton apt 1683,
		  	Humble
		  	TX 77338_______________________________
		  	_______________________________
		  	_______________________________

 or to such other address as either party may furnish to the other in writing in accordance herewith, except that
notices of changes of address shall be effective only upon receipt. 
 8. Applicable Law: The validity, interpretation, construction
and performance of this Agreement will be governed exclusively by and construed in accordance with the substantive laws of the State of Texas, without giving effect to the principles of conflict of laws of such state. 

 9. Severability: If a court of competent jurisdiction determines that any provision of this
Agreement is invalid or unenforceable, then the invalidity or unenforceability of any other provision of this Agreement, and all other provisions shall remain in full force and effect. 
 10. Withholding of Taxes: The Company may withhold from any benefits payable under this Agreement all federal, state, city or other taxes as may
be required pursuant to any law or governmental regulation or ruling. 
 11. No Assignment; Successors: Executive’s right to
receive payments or benefits hereunder shall not be assignable or transferable, whether by pledge, creation, or a security interest or otherwise, whether voluntary, involuntary, by operation of law or otherwise, other than a transfer by will or by
the laws of descent or distribution, and in the event of any attempted assignment or transfer contrary to this Section 11, the Company shall have no liability to pay any amount so attempted to be assigned or transferred. This Agreement shall
inure to the benefit of and be enforceable by Executive’s personal or legal representatives, executors, administrators, successors, heirs, distributes, devises and legatees. 
 This Agreement shall be binding upon and inure to the benefit of the Company, its successors and assigns (including, without limitation, any company into
or with which the Company may merge or consolidate). 
 12. Effect of Prior Agreements: This Agreement contains the entire
understanding between the parties hereto and supersedes any prior employment agreement or severance agreement between the Company or any predecessor of the Company and Executive, except that this Agreement shall not affect or operate to reduce any
benefit or compensation enuring to Executive of a kind elsewhere provided and not expressly provided or modified in this Agreement. 
 13.
Release of Claims: In consideration for the compensation and other benefits provided pursuant to this Agreement, Executive agrees to execute a “Waiver and Release,” a form of which is attached hereto as Exhibit A. Executive
acknowledges that he was given copies of this Agreement and the Waiver and Release on December ..., 2006, and was given at least 21 days to consider whether to sign the Agreement and the Waiver and Release. The Company’s obligations under
this Agreement are expressly conditioned on the execution of the Waiver and Release contemporaneously with the execution of this Agreement, and Executive’s failure to execute and deliver such Waiver and Release, or Executive’s revocation
of the Waiver and Release within the seven day period provided in the Release, will void the Company’s obligations hereunder. 

 IN WITNESS WHEREOF, the parties have caused this Agreement to be executed and delivered the 18th day of
January, 2007, but effective as of the day and year first above written. 
  

			
	SCHLUMBERGER LIMITED
		
	By	 	 /s/ Jean-Marc Perraud

	
	EXECUTIVE
		
	By	 	 /s/ Andrew GouldPerformance Unit Program

 EXHIBIT 10.60 
 CALLAWAY GOLF COMPANY 
 2004
EQUITY INCENTIVE PLAN 
 PERFORMANCE UNIT
PROGRAM 
 1. Purposes of the Program. This Callaway Golf Company Performance Unit Program
(“Program”), established pursuant to Section 10.2 of the Callaway Golf Company 2004 Equity Incentive Plan (“Plan”) sets forth a program for payment of performance awards to those Participants
designated for participation and is intended to increase stockholder value and the success of the Company by attracting, retaining and motivating Participants to perform to the best of their abilities and to achieve the Company’s objectives.
The Program’s goals are to be achieved by providing such Participants with performance awards based on the achievement of goals relating to the performance of the Company or one of its business units or upon the achievement of objectively
determinable performance goals. The Program is intended to permit the payment of awards under the Plan that may qualify as performance-based compensation under Code Section 162(m). 
 2. Definitions. 
 (a)
“Award” means, with respect to each Participant, the award determined pursuant to Section 8(a) below for a Performance Period. Each Award is determined by a Payout Formula for a Performance Period, subject to the
Committee’s authority under Section 8(a) to eliminate or reduce the Award otherwise payable. 
 (b) “Base
Salary” means, as to any Performance Period, the Participant’s salary actually earned during the Performance Period (including without limitation any compensation that is deferred by Participant into a Company-sponsored retirement
or deferred compensation plan, but excluding any employer matching contributions by the Company associated with any such retirement or deferred compensation plan and excluding any other Company contributions) and excludes all bonuses, incentives,
commissions, expatriate premiums, fringe benefits (including without limitation car allowances), relocation allowances, stock option grants, equity awards, employee benefits and other similar items of compensation. Such Base Salary shall be before
both (i) deductions for taxes or benefits, and (ii) deferrals of compensation pursuant to Company-sponsored plans. 
 (c)
“Board” means the Board of Directors of the Company. 
 (d) “Code” means the
Internal Revenue Code of 1986, as amended. 
 (e) “Committee” means the Compensation and Management Succession
Committee of the Board or any successor thereto, or another sub-committee of the Board, which shall, with respect to payments hereunder intended to qualify as performance-based compensation under Code Section 162(m), consist solely of two or
more members of the Board who are not employees of the Company and who otherwise qualify as “outside directors” within the meaning of Section 162(m), appointed pursuant to Section 3.1 of the Plan or per section 3, Company
employees to whom the Committee delegates specific administrative tasks. 

 (f) “Company” means Callaway Golf Company or any of its subsidiaries (as
such term is defined in Code Section 424(f)). 
 (g) “Extraordinary Items” means (i) extraordinary,
unusual and/or nonrecurring items of gain or loss, (ii) gains or losses on the disposition of a business, (iii) changes in tax or accounting regulations or laws, or (iv) the effects of a merger or acquisition, (v) asset
write-downs, (vi) litigation or claim judgments or settlements, (vii) any accruals for reorganization and restructuring programs, and (viii) any extraordinary non-recurring items as described in Accounting Principles Board Opinion
No. 30, all of which must be identified in the audited financial statements, including footnotes, or in the Management’s Discussion and Analysis section of the Company’s annual report. 
 (h) “Fiscal Year” means a fiscal year of the Company. 
 (i) “Maximum Award” means as to any Participant for any Performance Period, $3 million, as required by Section 10.2
of the Plan. 
 (j) “Participant” means an eligible executive, member of senior management, and other
employees of the Company selected by the Committee, in its sole discretion, to participate in the Program for a Performance Period, pursuant to the eligibility criteria established by the Committee in accordance with Section 4. 
 (k) “Payout Determination Date” means the date upon which the Committee or the Chief Executive Officer, as applicable,
determines the amounts payable pursuant to the Target Award and Payout Formula with respect to any previously completed Performance Period, in accordance with Section 8(a). 
 (l) “Payout Formula” means, as to any Performance Period, the formula or payout matrix established by the Committee
pursuant to Section 7 in order to determine the Awards (if any) to be paid to Participants, which is generally expressed as a percentage (which may be more than 100%) of the Target Award. The formula or matrix may differ from Participant to
Participant. 
 (m) “Performance-Based Compensation” means compensation that is intended to qualify as
“performance-based compensation” within the meaning of Section 162(m). 
 (n) “Performance
Criteria” means the one or more criteria that the Committee shall select for purposes of establishing the Performance Goals for a Performance Period. The Performance Criteria that shall be used to establish such Performance Goals may be
based on any one of, or combination of, the following: (i) cash flow; (ii) earnings (including gross margin, earnings before interest and taxes (“EBIT”), earnings before taxes (“EBT”), and net earnings);
(iii) earnings per share; (iv) growth in earnings or earnings per share; (v) stock price; (vi) return on equity or average stockholders’ equity; (vii) total stockholder return; (viii) return on capital;
(ix) return on assets or net assets; (x) return on investment; (xi) sales, growth in sales or return on sales; (xii) income or net income; (xiii) operating income or net operating income; (xiv) operating profit or net
operating profit; (xv) operating margin; (xvi) return on operating revenue; (xvii) economic profit, (xviii) market share; (xix) overhead or other expense reduction; (xx) growth in stockholder value relative to various
indices, and (xxi) strategic plan development and implementation. 

 (o) “Performance Goals” means, for a Performance Period, the one or more
goals (or combined goals) based upon the Performance Criteria and established by the Committee (in its discretion) to be applicable to a Participant with respect to an Award. Performance Goals may be based on a Company-wide basis, with respect to
one or more business units, divisions, or business segments, and in either absolute terms or relative to the performance of one or more comparable companies or the performance of one or more relevant indices. As determined by the Committee, the
Performance Goals applicable to an Award may provide for a targeted level or levels of achievement using one or more of the Performance Criteria. The Performance Goals may be based on absolute target numbers or growth in one or more such categories
compared to a prior Performance Period. The Performance Criteria which constitute the Performance Goals may, as the Committee specifies, either include or exclude the effect of payment of awards under this Program and any other bonus or incentive
plans of the Company. The Performance Goals may differ from Participant to Participant and from Award to Award. In establishing a Performance Goal on the Target Determination Date, the Committee may provide that the attainment of the Performance
Goal shall be measured by appropriately adjusting the evaluation of Performance Goal performance to exclude any of the Extraordinary Items. 
 (p) “Performance Period’ means any Fiscal Year or such other period as determined by the Committee in its sole discretion. 
 (q) “Program” means this Callaway Golf Company Performance Unit Program. 
 (r) “Program Year” means the Company’s Fiscal Year. 
 (s) “Section
162(m)” means Section 162(m) of the Code, or any successor to Section 162(m), as that Section may be interpreted from time to time by the Internal Revenue Service, whether by regulation, notice or otherwise. 
 (t) “Target Award’ means the target award payable under the Program to a Participant for the Performance Period, expressed
as a percentage of Participant’s Base Salary or a specific dollar amount, as determined by the Committee in accordance with Section 6. 
 (u) “Target Determination Cutoff Date” means the latest possible date that the Committee may set a Target Award and Payout Formula that will not jeopardize a Target Award’s qualification as
Performance-Based Compensation. 
 (v) “Target Determination Date” means the date upon which the Committee
sets the Target Award and Payout Formula with respect to any Performance Period, in accordance with Section 7. 

 3. Program Administration. 
 (a) The Committee shall be responsible for the general administration and interpretation of the Program and for carrying out its provisions.
Subject to the requirements for qualifying compensation as Performance-Based Compensation, the Committee may delegate specific administrative tasks to Company employees or others as appropriate for proper administration of the Program. Subject to
the limitations on Committee discretion imposed under Section 162(m), the Committee shall have such powers as may be necessary to discharge its duties hereunder, including, but not by way of limitation, the following powers and duties, but
subject to the terms of the Program: 
 (i) discretionary authority to adopt Target Awards and Payout Formula under this Program for a
given Performance Period on or prior to the Target Determination Cutoff Date; 
 (ii) discretionary authority to construe and
interpret the terms of the Program, and to determine eligibility, Awards and the amount, manner and time of payment of any Awards hereunder; 
 (iii) to prescribe forms and procedures for purposes of Program participation and distribution of Awards; and 
 (iv)
to adopt rules, regulations and bylaws, to formally amend the Program and to take such actions as it deems necessary or desirable for the proper administration of the Program. 
 (b) Any rule or decision by the Committee that is not inconsistent with the provisions of the Program shall be conclusive and binding on all
persons, and shall be given the maximum deference permitted by law. 
 4. Eligibility. The employees eligible to participate in the
Program for a given Performance Period shall be determined by the Committee for each Program Year and set forth in a writing on or prior to the Target Determination Cutoff Date in a format substantially similar to the attached Exhibit A or
such other format as is approved by the Committee for such Program Year, and are generally expected to include executive officers of the Company who are subject to Section 16 of the Securities and Exchange Act of 1934 and any other members of
senior management of the Company who are specifically designated by the Committee, in its sole discretion, for participation in the Program. Unless specifically excepted, a Participant must be actively employed on the Payout Determination Date to be
eligible to receive a payment hereunder. No person shall be automatically entitled to participate in the Program. 
 5. Performance Goal
Determination. On the Target Determination Date, the Committee, in its sole discretion, shall establish the Performance Goals for each Participant for the Performance Period. Such Performance Goals shall be set forth in writing on or prior to
the Target Determination Cutoff Date in a format substantially similar to the attached Exhibit B or such other format as is approved by the Committee for such Program Year. 

 6. Target Award Determination. On the Target Determination Date, the Committee, in its sole
discretion, shall establish a Target Award for each Participant. Each Participant’s Target Award shall be determined by the Committee, in its sole discretion, and each Target Award shall be set forth in writing on or prior to the Target
Determination Cutoff Date in a format substantially similar to the attached Exhibit B or such other format as is approved by the Committee for such Program Year. 
 7. Determination of Payout Formula. On the Target Determination Date, the Committee, in its sole discretion, shall establish a Payout Formula for purposes of determining the Award (if any) payable to each
Participant in a format substantially similar to the attached Exhibit B or such other format as is approved by the Committee for such Program Year. Each Payout Formula (a) shall be set forth in writing on or prior to the Target
Determination Cutoff Date, (b) shall provide for the payment of a Participant’s Award if the Performance Goals for the Performance Period are achieved, and (c) may provide for an Award payment greater than or less than the
Participant’s Target Award, depending upon the extent to which the Performance Goals are achieved. Notwithstanding the preceding, in no event shall a Participant’s Award for any Performance Period exceed the Maximum Award. 
 8. Payout Determination; Award Payment. 
 (a) Payout Determination and Certification. On the Payout Determination Date, the Committee shall certify in writing (which may be by approval of the minutes in which the certification was made) the extent to which the Performance
Goals applicable to each Participant for the Performance Period were achieved or exceeded. The Award for each Participant shall be determined by applying the Payout Formula to the level of actual performance that has been certified by the Committee.
Notwithstanding any contrary provision of the Program, the Committee, in its sole discretion, may eliminate or reduce the Award payable to any Participant that which otherwise would be payable under the Payout Formula. Notwithstanding any contrary
provision of the Program, the Company’s Chief Executive Officer may determine whether and to the extent the Performance Goals applicable to Participants who are not Section 16 officers were achieved or exceeded, and may, in his or her sole
discretion, eliminate or reduce the Award payable to any such Participants that which otherwise would be payable under the Payout Formula. 
 (b) Right to Receive Payment. Each Award under the Program shall be paid solely from the general assets of the Company. Nothing in this Program shall be construed to create a trust or to establish or evidence any Participant’s
claim of any right to payment of an Award other than as an unsecured general creditor with respect to any payment to which he or she may be entitled. 
 (c) Form of Distributions. The Company shall distribute all Awards to the Participant in cash, unless the Committee determines to substitute shares of the Company’s Common Stock for the cash payment in
accordance with Section 10.2 of the Plan. 
 (d) Timing of Distributions. Subject to Section 8(e) below, the Company shall
distribute amounts payable to Participants as soon as is practicable following the determination and written certification of the Award for a Performance Period, but in no event later than 2  1/2 months after the end of the calendar year that includes the applicable Payout Determination Date. 

 (e) Deferral. The Committee may defer payment of Awards, or any portion thereof, to Participants
as the Committee, in its discretion, determines to be necessary or desirable to preserve the deductibility of such amounts under Section 162(m). In addition, the Committee, in its sole discretion, may permit a Participant to defer receipt of
the payment of Awards that would otherwise be delivered to a Participant under the Program. Any such deferral elections shall be subject to such rules and procedures as shall be determined by the Committee in its sole discretion, which shall comply
with the requirements of Section 409A of the Code and the regulations and other guidance thereunder. 
 (f) Withholding. In
accordance with Section 13 of the Plan, the Company may withhold from the Awards payable to Participants under this Program amounts necessary to satisfy any federal, state, local or foreign tax withholding obligation relating to such payments.

 9. Term of Program. The Program shall become effective on January 1, 2007 and shall first apply to the 2007 Program Year. The
Program shall continue until the earlier of (a) the date as of which the Committee terminates the Program, or (b) the date the Company’s shareholders fail to re-approve the Program provisions contained in the Plan in accordance with
the requirements of Treasury Regulation 1.162-27(e)(4)(vi), the first re-approval of which must occur no later than the first Company shareholder’s meeting during the 2009 Program Year. 
 10. Amendment and Termination of the Program. The Committee may amend, modify, suspend or terminate the Program, in whole or in part, at any time,
including adopting amendments deemed necessary or desirable to correct any defect or to supply omitted data or to reconcile any inconsistency in the Program or in any Award granted hereunder; provided, however, that no amendment, alteration,
suspension or discontinuation shall be made which would (i) increase the amount of compensation payable pursuant to such Award or (ii) cause compensation that is, or may become, payable hereunder to fail to qualify as Performance-Based
Compensation. Notwithstanding the foregoing, the Committee may amend Exhibits A and B with respect to any Program Year at any time prior to the Target Determination Cutoff Date for such Program Year. To the extent necessary or advisable under
applicable law, including Section 162(m), Program amendments shall be subject to stockholder approval. At no time before the actual distribution of funds to Participants under the Program shall any Participant accrue any vested interest or
right whatsoever under the Program except as otherwise stated in this Program. 
 11. Governing Plan Document. The Program is subject
to all the provisions of the Plan and is further subject to all interpretations, amendments, rules and regulations which may from time to time be promulgated and adopted by the Committee, the Board or the Company pursuant to the Plan. In the event
of any conflict between the provisions of this Program and those of the Plan, the provisions of the Plan shall control. 

 EXHIBIT A 
 2004 EQUITY INCENTIVE PLAN 
 EXECUTIVE CASH PERFORMANCE UNIT PROGRAM 
 ELIGIBILITY CRITERIA 
              PROGRAM YEAR 
 The following
employees are eligible to be Participants under the Program for the              Program Year: 
 {Name and Title of Employees} 

 EXHIBIT B 
 2004 EQUITY INCENTIVE PLAN 
 EXECUTIVE CASH PERFORMANCE UNIT PROGRAM 
 AWARD CALCULATION METHODOLOGY 
 FOR PROGRAM
YEAR 
 TARGET AWARDS 
 A minimum threshold level of corporate performance is required before any Award will be paid pursuant to this Program. As the metric for that threshold,
the Company will use              as the Performance Goal. 
 Target
Awards as a percentage of Base Salary will vary by the employee’s position. The Committee has set a separate Target Awards for the Participants covered by this Program based upon their positions. Target Awards as a percentage of Base Salary are
as follows: 
 {Insert Name and Target Award} 
 PAYOUT FORMULA 
 Corporate And Subsidiary/Group Accomplishments 

 The Committee has identified an allocation formula for Awards based upon corporate and subsidiary/group objectives. This allocation has been set as
follows. 
 {Insert Formula} 
 Notwithstanding the foregoing, as provided in Section 8(a) of the Plan, the Committee, in its sole discretion, may eliminate or reduce the Award payable to any Participant that otherwise would be payable under the Payout Formula,
including without limitation the amount calculable under the Payout Formula resulting from the foregoing adjustment. 
  

 1.

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