Document:

Employment agreement with Dr. Cha, dated June 18, 2002

 Exhibit 10.35 
  
  
 

 
  
 STRICTLY PRIVATE & CONFIDENTIAL

  
 6 June 2002 
  
 Mr S B Cha 
 483 28th Street 
 San Francisco 
 CA 94131 
 USA 
  
 Dear SB 
  
 On behalf of Cambridge Display Technology Ltd.
(“CDT”), I am pleased to offer you the position of Commercial Director. This offer is subject to approval of a satisfactory work permit allowing you to work in the United Kingdom. CDT will provide a salary of £115,000 per annum paid
monthly. In addition, you will be eligible to participate in CDT’s bonus scheme, which is payable up to a maximum of 35% of your annual salary and is awarded against achievement of agreed performance targets. Your estimated date of hire is 1
July 2002. 
  
 You will be eligible to join the Stock Option scheme established at
CDT, subject to the rules of the scheme. You will be awarded 30,000 stock options upon joining CDT, at a grant price at the fair market value on your date of hire. 
  
 You will be eligible to participate in the benefits program (including private health insurance, pension plan and life assurance)
established at CDT. 
  
 As it will be necessary for you to relocate to the
Cambridge area, CDT will provide reasonable assistance for you to do so. The exact details of your entitlement will be discussed with you. 
  
 By accepting this offer you confirm that: 
  

	 	(d)	you are not subject to restrictions or other obligations relating to the nature or scope of your employment with another employer; and 

  

	 	(e)	by your performance of your duties as contemplated by this letter you will not knowingly violate the terms or conditions of any prior employment agreements you may have executed;
and 

  

	 	(f)	you are currently in good health and will pass any medical examinations necessary for the establishment of your benefits package. 

 

 
  
 This offer is comprised of this letter and the
attached statement of the main terms and conditions of employment. No prior promises, representations or understandings relative to any terms or conditions of your employment are to be considered as part of this agreement unless expressed in writing
in this offer package. 
  
 If you accept the offer of employment, I should be
grateful if you would return to me one copy of the offer letter and a copy of the statement of the main terms and conditions of employment signed by yourself. A copy is also enclosed for your records. 
  
 If you have any queries regarding the offer we have made to you please do not hesitate to
contact me to discuss these queries. 
  
 This offer is valid until 28 June 2002.

  
 Yours sincerely, 
  
  
 Emma Jones 
 Director, Human Resources 
  

					
	 I agree to the above
	 	 Signed:
	 	 /s/ S B Cha

	 	 	 	 	S B Cha
			
	 	 	 Dated:
	 	 6/13/2002

  

 2 

 STATEMENT OF MAIN TERMS AND
CONDITIONS OF EMPLOYMENT 
  
 DATE OF COMMENCEMENT OF EMPLOYMENT 
  
 Your date of continuous employment with CDT is 1 July 2002. 
  
 Your employment with any previous employer does not count as part of your continuous period of employment. 
  
 MAIN PLACE OF WORK 
  
 Your main place of work will be Cambridge. 
  
 You may on occasion be required to work on CDT’s other site at Godmanchester. The nature
of your appointment may require you to travel inside and outside the UK on Company business, as required for the performance of your duties. 
  
 JOB TITLE 
  
 You are employed as Commercial Director. 
  
 Your job title is not regarded as exclusive or exhaustive. There will be other duties and requirements associated with your position which you may be required to
undertake. 
  

	1.	REMUNERATION 

  
 Your annual salary is £115,000. Any changes to this figure will be made in writing. You will be paid monthly in arrears on the 28th day of each
month by direct credit transfer to your UK bank account. Where the 28th day falls on a weekend or a bank holiday, you will be paid on the preceding working day. 
  

You will be provided with an itemised pay statement. 
  

	2.	OTHER BENEFITS 

  
 You will be eligible to participate in the CDT benefit programme that will include: 
  

	 	2.1.	Private Health Insurance 

  

	 	2.2.	Life Assurance 

  

	 	2.3.	Pension Plan 

  

	 	2.4.	Bonus Scheme 

  

	 	2.5.	Relocation 

	3.	HOURS OF WORK 

  
 Your normal starting time is 9.00 a.m. and your normal finishing time is 5.30 p.m. Monday to Friday with an unpaid lunch
break of one hour each day. 
  
 You are required to work at such
other times as CDT may reasonably require. As a salaried employee overtime is not payable. 
  

	4.	HOLIDAYS AND HOLIDAY PAY 

  
 Your annual paid holiday entitlement is 27 working days in any complete
calendar year of employment, which accrues on a pro-rata basis for each completed month of employment. The holiday year at CDT runs from 1 January to 31 December. 
  
 Should you be absent for more than 4 weeks for any reasons, CDT reserves the right to suspend accrual of any holiday in
excess of the minimum 4 weeks conferred by the Working Time Regulations (where applicable, this Clause will not apply to the Ordinary Maternity Leave period.) 
  

Further details of the holiday policy can be obtained from the HR Department. 
  
 Bank and Public Holidays 
  
 In addition to annual holidays, you are entitled to paid holiday on all English statutory public holidays and any additional holidays as awarded by CDT.

  

	5.	SICK PAY SCHEME 

  

	 	5.1.	Any absence due to sickness or injury must be notified to your designated Line Manager as soon as possible together with an estimate of the period of absence envisaged. Any change
in the estimated period of absence must be notified as soon as possible. 

  

	 	5.2.	In the event of you being absent for more than 7 days (inclusive of weekends), medical evidence must be produced in the form of a statement of reasons for absence completed by a
qualified medical practitioner and sent to your Line Manager. 

  

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	 	5.3.	Any payments made in addition to Statutory Sick Pay are entirely at the discretion of CDT and will not create a precedent either for CDT or for the individual.

  

	6.	PENSION SCHEME 

  
 CDT provides access to a Group Stakeholder Pension Plan for all employees. CDT will contribute 5% of your pensionable salary
to this plan provided that you also contribute a minimum of 5% of your pensionable salary. You can choose to pay less than 5% of your pensionable salary into the plan if you wish, however you will not then receive a contribution from CDT.

  
 You can also elect to contribute more than 5% of your salary
to this plan (subject to legislative maximums) however CDT does not match any payments above 5%. 
  
 Details of this scheme will be provided to you when you join. 
  

	7.	MATERNITY PROVISIONS 

  
 CDT’s Maternity policy and procedure can be obtained from the HR Department, where applicable. 
  

	8.	PARENTAL LEAVE 

  
 CDT’s Parental Leave policy and procedure can be obtained from the HR Department. 
  

	9.	EMERGENCY DOMESTIC LEAVE 

  
 CDT’s Emergency Domestic Leave policy can be obtained from the HR
Department. 
  

	10.	GRIEVANCES 

  
 CDT’s Grievance procedure can be obtained from the HR Department. 
  

	11.	DISCIPLINARY PROCEDURES 

  
 The main Disciplinary procedures of CDT can be obtained from the HR Department. The disciplinary procedure does not apply to
employees with less than 12 months’ service. 
  

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	12.	TERMINATION OF EMPLOYMENT 

  
 The length of notice you are required to give and entitled to receive to
terminate your employment shall be six months. In the first 6 months of your employment you will be subject to a notice period of 1 month. Notice given by either party shall not be effective until given in writing. CDT may at its option pay you a
lump sum in lieu of your notice period. 
  
 CDT has the right to
dismiss employees without notice in the case of gross misconduct. 
  
 CDT shall have the right during the period of notice or any part thereof, to place you on leave, paying you during this period your normal salary and benefits. 
  
 Your employment with CDT will automatically terminate when you reach the normal retirement age for CDT’s employees,
which is currently 60 years of age. You will be notified of any change in CDT’s retirement age. 
  

	13.	GARDEN LEAVE 

  
 CDT reserves the right to require you to remain at home during any notice period and remain available to attend the
workplace if required. During any notice you may not be engaged in any capacity with another company without written permission. 
  

	14.	OUTSIDE INTERESTS 

  

	 	14.1.	You agree not to be, without the prior approval of the Board, directly or indirectly employed, engaged, concerned or interested in any other business which 

 

	 	14.1.1	is wholly or partly in competition with our business or that of any other member of the Cambridge Display Technology Group; or 

  

	 	14.1.2	we consider requires or might reasonably require you to disclose or make use of Confidential Information in order to properly discharge your duties to or further your interest in
that business; or 

  

	 	14.1.3	we consider impairs or might reasonably be thought to impair your ability to act in the best interests of our business or that of any member of the Cambridge Display Technology
Group; 

  

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 PROVIDED THAT you may be interested in any such business, for investment purposes only, as the holder
(directly or through nominees) of any units of any authorised unit trust and/or up to 5% of the issued shares, debentures or other securities of any class of any company which is listed on a Recognised Investment Exchange as defined in Section 207
Financial Service Act. 
  

	 	14.2.	You must not without the prior approval of the Board (which will not be refused unreasonably) accept any employment, engagement or office (whether paid or unpaid) with or in any
person, firm, company or other organisation outside the Cambridge Display Technology Group. 

  

	 	14.3.	You must not at any time (whether during or outside normal working hours) take any preparatory steps to become engaged or interested in any capacity whatsoever in any business or
venture which is in or is intended to enter into competition with our business or that of any member of the Cambridge Display Technology Group. 

  

	15.	CONFIDENTIALITY AND PROTECTION OF BUSINESS

  
 You will in the course of your employment learn
trade secrets and confidential or commercially sensitive information (including but not limited to methods, processes, device structures, techniques, shop practices, equipment, research data, opportunities for business marketing and sales
information, strategies and pricing, personnel data, customer lists, potential customers, financial data, plans and all other know-how and trade secrets) which is in our possession or that of any member of the Cambridge Display Technology Group and
which has not been published or disclosed to the general public (“Confidential Information”). You will also deal with our customers, corporate and academic collaborators and those of other members of the Cambridge Display Technology Group
and you agree that you will not: - 
  

	 	15.1.	during your employment (save as required for the proper performance of your duties or as duly authorised by us in writing) and after its termination, directly or indirectly use or
disclose any Confidential Information; 

  

	 	15.2.	during your employment and for six months after its termination, directly or indirectly and whether on your own behalf or on behalf of any other person, firm, company or other body,
solicit or entice away or seek to entice away any person who is or was at the date 

  

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 of termination of your employment or during the period of six months preceding the date of termination,
employed or engaged by our business or any other member of the Cambridge Display Technology Group in a managerial, research and development, or sales and marketing post and was a person with whom you have dealt during the course of your employment
or who by reason of their employment or engagement is likely to have knowledge of any trade secrets or Confidential Information; 
  

	 	15.3.	for six months after the termination of your employment carry on your own account or as a partner or be engaged as an employee, officer, consultant or adviser in any other business
which is in competition with our business or that of any other member of the Cambridge Display Technology Group with which you have been concerned or engaged to any material extent, for whom you provided services or from whom you had access to
Confidential Information during the six months preceding the date of termination (particularly, but without limitation, through commercialising electroluminescent polymers) and which we consider requires or might reasonably be thought to require you
to disclose or make use of any Confidential Information in order properly to discharge your duties to or to further your interest in that business or venture; 

  

	 	15.4.	for a period of six months following the termination of your employment whether on your own account or with, through, for or on behalf of any other person, firm, company or
organisation, directly or indirectly canvas or solicit or procure to be canvassed or solicited in competition with us or any other member of the Cambridge Display Technology Group for whom you provided services or from whom you had access to
Confidential Information the custom of any person, firm, company or organisation whom or which was at any time during the six months prior to the termination of your employment a Customer of ours or any other member of the Cambridge Display
Technology Group and with whom or which you dealt or of whom or of which you have knowledge by virtue of your employment with us during that period. 

  

	 	15.5.	during the period of six months following the termination of your employment whether on your own account or with, through, for or on behalf of any other person, firm, company or
organisation, directly or indirectly deal with or attempt to deal with in competition with us or any member of the Cambridge Display Technology Group for whom you provided services or from whom you had 

  

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 access to Confidential Information any person, firm, company or organisation whom or which was at any
time during the six months prior to the termination of your employment a Customer of ours or of any other member of the Cambridge Display Technology Group and with whom or which you dealt or of whom or of which you have knowledge by virtue of your
employment with us during that period. 
  

	16.	INTELLECTUAL PROPERTY 

  

	 	16.1.	If at any time during your employment you conceive, originate, improve, develop, discover or invent (either alone or in conjunction with any person or persons) any products,
services, designs, processes, systems or inventions (including but not limited to any and all computer programs, photographs, plans, records, drawings, models, any know-how technique, process, improvement, invention or discovery), which could relate
directly or indirectly to our business or that of any other member of the Cambridge Display Technology Group you will immediately disclose to us full details of the same in writing and you shall not disclose the same (or any proposals we communicate
to you) to any third party without our prior written consent. You agree that we shall own all documents, drawings, models, samples, prototypes and the like prepared by you and which relate to such rights. 

  

	 	16.2.	It is our common intention that all intellectual property and proprietary rights of whatever nature (including (without limitation) inventions, patents, know-how, technical
information, copyright, registered design right or unregistered designs or similar rights as well as the right to apply for registered protection for any such rights) arising in the course of or as a result of work done by you during your employment
shall belong to us as absolute owner. To the extent that these do not automatically vest in us, you will hold them on trust for us and will take all such steps as we shall direct (whether during your employment hereunder or thereafter) at our
expenses to sign such documents as are necessary to vest them in us in accordance with the above intention 

  

	 	16.3.	You hereby assign (in so far as title does not automatically vest in us as a consequence of your employment) to us by way of future assignment all copyright, designs and other
proprietary rights, if any, which may be so assigned for the full term thereof throughout the world in respect of all works (within the meaning of Section 1(1) of the Copyright, Designs and Patents Act 1988 or such other legislation as shall
hereafter be enacted containing any like 

  

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 definition or provisions) authored, drawn, written, originated, conceived or otherwise made by you
either alone or jointly with any other person or persons during the period of your employment hereunder or pertaining to such subject matter as form part of your duties hereunder. You waive all moral rights conferred on you by Chapter IV, Part I,
Copyright Designs and Patents Act 1988 and any other moral rights provided for under the laws now or in future in force in any part of the world arising from any such works. 
  

	 	16.4.	You shall if and whenever required so to do by us at our expense apply or join with us in applying for letters patent, utility model, registered design or other protection in any
part of the world for any such intellectual property and shall, at our expense, execute or do, or procure to be executed or done, all instruments and things necessary for vesting such intellectual property and all such rights, titles and interest to
and in the same in us or in such other person as we may direct or require and we shall (and shall procure that any such other person shall) hold the same and all such right, title and interest to and in the same upon trust for ourselves and (to the
extent that it is entitled thereto by Section 39 of the Patents Act 1977 or such other legislation as shall hereafter be enacted containing like provisions) you according to our and your respective interests. 

  

	 	16.5.	For the purposes of this clause you hereby irrevocably appoint us, as your attorney in your name and on your behalf to execute any documents and/or do any and all things which are
necessary or desirable for us to give effect to the provisions of this clause and we are hereby empowered to appoint and remove in our sole discretion any person as agent and substitute for and on behalf of us in respect of all or any of the matters
aforesaid provided always that we shall notify you of each such action in writing. 

  

	17.	DATA PROTECTION 

  
 I understand and agree that CDT is permitted to hold personal information about me as part of its personnel and other
business records and may use such information in the course of CDT’s business. I agree that CDT may disclose such information to third parties, in the event that such disclosure is, in CDT’s view, required for the proper conduct of
CDT’s business. This clause applies to information held, used or disclosed in any medium. 
  

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	18.	PUBLIC RELATIONS 

  
 You agree that you will not either during your employment or at any time after termination of your employment make any
statement or give any interview to the news media or submit a letter, learned paper or article for publication about your work for us, about us or about the Cambridge Display Technology Group, or otherwise without the prior written approval of the
Chief Executive or in his absence his deputy. You must promptly inform a director of any requests for statements, interviews, learned papers or articles you receive. 
  
 You agree that after the termination of your employment you will not be held out or represented by you or any other person,
firm, company or other body, as being in any way connected with or interested in our business or that of any other member of the Cambridge Display Technology Group. 
  

	19.	HEALTH & SAFETY 

  
 You have a duty to take care for your own health and safety and that of other members of staff. You agree to observe our
Safety Rules for the time being and to comply with our Health & Safety policies for the time being including those concerning eating, drinking, applying cosmetics and smoking cigarettes or tobacco on our premises. 
  

	20.	COMPANY PROPERTY 

  
 All books, documents, lists, files, data, accounts and records whether or not made by you and whether stored in human
readable or machine readable form which may come into your possession during your employment respecting our business or affairs or those of any other member of the Cambridge Display Technology Group (including notes, minutes, memoranda,
correspondence and copies of documents made by you in the course of your employment) will belong to us and these and all our other property and documents in your possession, custody, power or control must be returned to us immediately on the
termination of your employment. 
  

	21.	OBLIGATIONS UPON TERMINATION OF EMPLOYMENT

  
 On the termination of your employment hereunder
you will: 
  

	 	21.1.	forthwith tender your resignation from any office you held with us or any Cambridge Display Technology Group offices you then hold 

  

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 (without payment or agreement of compensation therefore) and you hereby irrevocably authorise the
Company Secretary for the time being on your behalf to sign any documents and do any things necessary or requisite to give effect thereto; 
  

	 	21.2.	deliver up to us all correspondence drawings documents and other papers and all other property belonging to us or any other member of the Cambridge Display Technology Group which
may be in your possession or control (including such as may have been made or prepared by or have come into your possession or in the course of employment which relate in any way to our business or affairs or those of the Cambridge Display
Technology Group or of any suppliers agents distributors or customers) and you must not without our written consent retain any copies thereof; 

  

	 	21.3.	if so requested send to the Company Secretary a signed statement confirming that you have complied with a sub-clause 21.1 and 21.2 thereof; 

  

	 	21.4.	not at any time represent that you are still connected with us or the Cambridge Display Technology Group; and 

  

	 	21.5.	forthwith discharge all your outstanding obligations to us, whether monetary (e.g. reimbursement of advances) or otherwise, incurred during, by virtue of or in connection with your
employment, and agree that without prejudice CDT may withhold payment of any money or delivery of other things due to you by virtue of your employment, whether before or after termination, until you have fully discharged all such obligations to us.

  

	22.	DECLARATION 

  
 I accept this Statement, a copy of which has been given to me. 
  

I also understand that the policies referred to in this Statement form part of my “Terms of Employment”. 
  

							
	Signed:	 	 /s/ S B Cha

	  	Dated:	 	 June 18, 2002

  

 12CDT Acquisition Corp. Amended and Restated Stock Incentive Plan

 Exhibit 10.36 
  
 CDT ACQUISITION CORP. 
  
 Amended and Restated Stock Incentive Plan 
  
 SECTION 1. 
  
 PURPOSE 
  
 The purpose of the Plan (as such term and any other capitalized term used herein without definition are defined in Section 2) is to foster and promote the long-term financial success of the Company and the Subsidiaries and materially
increase stockholder value by (a) motivating superior performance by means of performance-related incentives, (b) encouraging and providing for the acquisition of an ownership interest in the Company by Employees and (c)
enabling the Company and the Subsidiaries to attract and retain the services of an outstanding management team upon whose judgment, interest and special effort the successful conduct of its and their operations is largely dependent. 
  
 SECTION 2. 
  
 DEFINITIONS 
  
 Whenever used herein, the following terms shall have the respective meanings set forth below: 
  
 Act: the Securities Exchange Act of 1934, as amended. 
  
 Adjustment Event: shall mean any stock dividend, stock split or share
combination of, or extraordinary cash dividend on, the Common Stock or recapitalization, reorganization, merger, consolidation, split-up, spin-off, combination or exchange of shares affecting the Common Stock, or any issuance of any warrants or
rights offering (other than any such offering under the Plan) to purchase Common Stock at a price materially below Fair Market Value or other similar event affecting the Common Stock. 
  
 Board: the Board of Directors of the Company. 
  
 Cause: (i) the refusal or neglect of the Participant to perform substantially his or her employment-related
duties, (ii) the Participant’s personal dishonesty, incompetence, willful misconduct or breach of fiduciary duty, (iii) the Participant’s conviction of or entering a plea of guilty or nolo contendere (or any
applicable equivalent thereof) to a crime constituting a felony (or a crime or offense of equivalent magnitude in any jurisdiction) or his or her willful violation of any other law, rule, or regulation (other than a traffic violation or other
offense or violation outside of the course of employment which 

 in no way adversely affects the Company or its reputation or the ability of the Participant to perform his or her
employment related duties or to represent the Company) or (iv) the material breach by the Participant of any covenant or agreement with the Company or any Subsidiary, or any written policy of the Company or any Subsidiary, not to disclose any
information pertaining to the Company or any Subsidiary or not to compete or interfere with the Company or any Subsidiary provided that, with respect to any Participant who is party to an employment agreement with the Company, “Cause”
shall have the meaning specified in such Participant’s employment agreement or, in the case of any such Participant who is not party to an employment agreement but is a party to the Management Stockholders Agreement, “Cause” shall
have the meaning specified in the Management Stockholders Agreement. 
  
 Change in Control: a transaction or series of transactions (other than a Public Offering): 
  
 (i) involving the sale, transfer or other disposition by the Kelso Entities and the Hillman Entities to one or more persons or entities that are not,
immediately prior to such sale, affiliates of the Company, any Kelso Entity or any Hillman Entity, of all or substantially all of the Common Stock of the Company beneficially owned by the Kelso Entities and the Hillman Entities as of the date of
such transaction; or 
  
 (ii) involving the sale, transfer or
other disposition of all or substantially all of the assets of the Company and the Subsidiaries, taken as a whole, to one or more persons or entities that are not, immediately prior to such sale, transfer or other disposition, affiliates of the
Company, any Hillman Entity or any Kelso Entity. 
  
 Change in
Control Price: the price per share of Common Stock paid in conjunction with any transaction resulting in a Change in Control (as determined in good faith by the Committee if any part of the offered price is payable other than in cash).

  
 Code: the Internal Revenue Code of 1986, as amended.

  
 Committee: the Compensation Committee of the Board or,
if there shall not be any committee then serving, the Board. 
  
 Common Stock: the Class A common stock of the Company, par value $.01 per share. 
  
 Company: CDT Acquisition Corp., a Delaware corporation, and any successor thereto. 
  
 Disability: the termination of a Participant’s employment with the Company and any Subsidiary that employs
Participant (or by the Company on behalf of any such Subsidiary) as a result of such Participant’s incapacity due to reasonably documented 
  

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 physical or mental illness that shall have prevented such Participant from performing his duties for the Company on a
full-time basis for more than six months and within 30 days after written notice of termination has been given to such Participant, such Participant shall not have returned to the full time performance of his duties. The date of termination in the
case of a termination due to “Disability” shall be deemed to be the last day of the aforementioned 30-day period. Notwithstanding the foregoing, (i) with respect to any Participant who is a party to an employment agreement with the
Company, “Disability” shall have the meaning, if any, specified in such Participant’s employment agreement or, with respect to any such Participant who is not party to an employment agreement but is a party to the Management
Stockholders Agreement, “Disability” shall have the meaning set forth in the Management Stockholders Agreement, and (ii) in the event a Participant whose employment with the Company terminates due to Disability continues to serve as
a director of or a consultant to the Company, such Participant’s employment with the Company shall not be deemed to have terminated for purposes of the Plan or any Option agreement evidencing Options granted to such Participant until the date
as of which such Participant’s services as a director of and consultant to the Company shall have also terminated. 
  
 Employee: any key employee, ex-employee or consultant of the Company or any Subsidiary. 
  
 Fair Market Value: if no Public Offering has occurred, the fair market
value of a share of Common Stock as determined in accordance with the Management Stockholders Agreement. Following a Public Offering, the Fair Market Value, on any date of determination, shall mean the average of the closing sales prices for a share
of Common Stock as reported on a national exchange for each of the ten business days preceding the date of determination or the average of the last transaction prices for a share of Common Stock as reported on a nationally recognized system of price
quotation for each of the ten business days preceding the date of determination. In the event that there are no Common Stock transactions reported on such exchange or system on such date, Fair Market Value shall mean the closing price on the
immediately preceding date on which Common Stock transactions were so reported. 
  
 Hillman: Hillman Capital Corporation. 
  
 Hillman Entities: collectively, Hillman and Hillman CDT LLC. 
  
 Kelso: Kelso Investment Associates VI, L.P. 
  
 Kelso Entities: collectively, Kelso and KEP VI, LLC. 
  
 Management Stockholders Agreement: the Management Stockholders Agreement, dated as of January 31, 2001, among the Company and the management
stockholders party thereto. 
  

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 Option: the right to purchase Common Stock pursuant to the terms of the Plan at a stated price for
a specified period of time. For purposes of the Plan, an Option may be either (i) an “Incentive Stock Option” within the meaning of section 422 of the Code or (ii) an Option which is not an Incentive Stock Option (a
“Non-Qualified Stock Option”). 
  
 Participant: any Employee designated by the Committee to receive an award of Options under the Plan. 
  
 Permitted Transferee: a transferee permitted by the Amended and Restated By-Laws of the Company, as adopted on July 26, 1999. 
  
 Plan: this CDT Acquisition Corp. Stock Incentive Plan, as set forth
herein and as the same may be amended from time to time in accordance with its terms. 
  
 Public Offering: a public offering pursuant to an effective registration statement under the Securities Act of 1933, as amended, that covers (together with prior registrations) (a) not less than 20% of
the outstanding shares of Common Stock, on a fully diluted basis, or (b) shares of Common Stock that, after the closing of such public offering, will be traded on the New York Stock Exchange, the American Stock Exchange or the National
Association of Securities Dealers Automated Quotation System. 
  
 Retirement: termination of a Participant’s employment on or after the date the Participant attains age 65. Notwithstanding the foregoing, (i) with respect to any Participant who is a party to an employment agreement with
the Company, “Retirement” shall have the meaning, if any, specified in such Participant’s employment agreement or, with respect to any such Participant who is not party to an employment agreement but is a party to the Management
Stockholders Agreement, “Retirement” shall have the meaning specified in the Management Stockholders Agreement, and (ii) in the event a Participant whose employment with the Company terminates due to Retirement continues to serve as
a director of or a consultant to the Company, such Participant’s employment with the Company shall not be deemed to have terminated for purposes of the Plan or any Option agreement evidencing Options granted to such Participant until the date
as of which such Participant’s services as a director of and consultant to the Company shall have also terminated, at which time the Participant shall be deemed to have terminated employment due to retirement. 
  
 Subsidiary: any corporation a majority of whose outstanding voting
securities is owned, directly or indirectly, by the Company. 
  

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 SECTION 3. 
  
 ELIGIBILITY AND PARTICIPATION 
  
 Participants in the Plan shall be those Employees selected by the Committee to participate in the Plan. 
  
 SECTION 4. 
  
 ADMINISTRATION 
  
 4.1. Power to Grant and Establish Terms of Options. The Committee shall have the discretionary authority, subject to the terms of the Plan, to
determine the Employees to whom Options shall be granted (which may include Employees who are members of the Committee) and the terms and conditions of any and all Options, including, but not limited to, the number of shares of Common Stock to be
covered by each Option, the time or times at which Options shall be granted and the terms and provisions of the instruments by which Options shall be evidenced and to designate Options as Incentive Stock Options or Non-Qualified Stock Options. The
proper officers of the Company may suggest to the Committee the Participants who should receive Options. The terms and conditions of each Option grant shall be determined by the Committee at the time of grant and such terms and conditions shall not
be subsequently changed in a manner which would be adverse to the Participant without the consent of the Participant to whom such Option has been granted, even if this Plan shall be subsequently amended. The Committee may establish different terms
and conditions for different Participants receiving Options and for the same Participant for each Option such Participant may receive, whether or not granted at the same or different times. The grant of any Option to any Employee shall neither
entitle such Employee to, nor disqualify him from, the grant of any other Options. 
  
 4.2. Substitute Options. The Committee shall have the right, subject to the consent of Participants to whom Options have been granted, to grant in substitution for outstanding Options, replacement Options which
may contain terms more favorable to the Participant than the Options they replace, including, without limitation, a lower exercise price (subject to Section 6.2), and to cancel replaced Options. 
  
 4.3. Administration. The Committee shall be responsible for the
administration of the Plan. Any Options granted by the Committee may be subject to such conditions, not inconsistent with the terms of the Plan, as the Committee shall determine, in its discretion. The Committee shall have discretionary authority to
prescribe, amend and rescind rules and regulations relating to the Plan, to provide for conditions deemed necessary or advisable to protect the interests of the Company, to interpret the Plan and to make all other determinations necessary or
advisable for the administration and interpretation of the Plan and to carry out its provisions and purposes. Determinations, 
  

 5 

 interpretations or other 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 and shall be given deference in any proceeding with respect thereto. The Committee may consult with legal counsel, who may be counsel to the Company, and shall not incur any liability for
any action taken in good faith in reliance upon the advice of counsel. 
  
 SECTION 5. 
  
 STOCK SUBJECT TO PLAN 
  
 5.1. Number. Subject to the provisions of Section 5.3, the number of
shares of Common Stock subject to Options under the Plan may not exceed 2,000,000. The shares of Common Stock to be delivered under the Plan may consist, in whole or in part, of shares held in treasury or authorized but unissued shares not reserved
for any other purpose. 
  
 5.2. Canceled Terminated or
Forfeited Awards. Any shares of Common Stock subject to an Option which for any reason expires or is canceled, terminated or otherwise settled without the issuance of such shares of Common Stock shall again be available for grant under the Plan.

  
 5.3. Adjustment in Capitalization. The aggregate number
of shares of Common Stock available for grants of Options under Section 5.1 or subject to outstanding Option grants and the respective prices and/or vesting criteria applicable to outstanding Options shall be proportionately adjusted to reflect, as
deemed equitable and appropriate by the Committee, each Adjustment Event. To the extent deemed equitable and appropriate by the Committee, in its good faith judgment, and subject to any required action by stockholders, in any merger, consolidation,
reorganization, liquidation, dissolution or other similar transaction (other than a Change in Control), any Option granted under the Plan shall pertain to the securities or other property to which a holder of the number of shares of Common Stock
covered by the Option would have been entitled to receive in connection with such event. 
  
 SECTION 6. 
  
 STOCK OPTIONS

  
 6.1. Grant of Options. Options may be granted to
Participants at such time or times as shall be determined by the Committee. Options granted under the Plan may be of two types: (i) Incentive Stock Options and (ii) Non-Qualified Stock Options. The date of grant of an Option under the
Plan will be the date on which the Option is awarded by the Committee or, if so determined by the Committee on the date of award of an Option, the date on which occurs any event the occurrence of which is an express condition 
  

 6 

 precedent to the grant of the Option. The Committee shall determine the number of Options, if any, to be granted to a
Participant. Each Option shall be evidenced by an Option agreement that shall specify the type of Option granted, the exercise price, the duration of the Option, the number of shares of Common Stock to which the Option pertains, the conditions upon
which the Options or any portion thereof shall become vested or exercisable and otherwise shall be in substantially the form of the Option agreement attached hereto as Exhibit A, with respect to a Participant who is an Employee as of 15 March, 2002,
or in substantially the form of the Option agreement attached hereto as Exhibit B, with respect to a Participant who is not an Employee as of 15 March, 2002, subject to such changes not inconsistent with the Plan as the Committee shall determine, in
its good faith judgment, to be equitable and appropriate. 
  
 6.2.
Option Price. Non-Qualified Stock Options and Incentive Stock Options granted pursuant to the Plan shall have an exercise price per share of Common Stock determined by the Committee, provided that such per share exercise price may not be less
than the Fair Market Value of a share of Common Stock on the date the Option is granted. 
  
 6.3. Exercise of Options. Options awarded to a Participant under the Plan shall be exercisable at such times and shall be subject to such restrictions and conditions, including the performance of a minimum
period of service or the satisfaction of performance goals, as the Committee may impose at the time of grant of such Options, subject to the Committee’s right to accelerate the exercisability of such Options in its discretion. Notwithstanding
the foregoing, no Option shall be exercisable on or after the tenth anniversary of the date on which it is granted. Except as may be provided in any provision approved by the Committee pursuant to this Section 6.3, after becoming exercisable each
installment shall remain exercisable until expiration, termination or cancellation of the Option. Subject to Section 9.7, an Option may be exercised from time to time, in whole or in part, up to the total number of shares of Common Stock with
respect to which it is then exercisable. 
  
 6.4. Payment.
The Committee shall establish procedures governing the exercise of Options, which shall require that (x) as a condition to the issuance of any shares of Common Stock upon the exercise of the Options prior to a Public Offering, the Participant
become a party to the Management Stockholders Agreement and the Registration Rights Agreement with respect to such shares, (y) written notice of exercise be given to the Company and (z) the Option exercise price be paid in full at the
time of exercise in one of the following ways: (i) in cash or cash equivalents, including an assignment of the right to receive cash proceeds from the sale of any Common Stock subject to the Option, (ii) in accordance with such
procedures or in such other form as the Committee shall from time to time determine or (iii) at any time following a Public Offering, in unencumbered shares of Common Stock which have been owned by the Participant for at least six months (or
such longer period as is required by applicable 
  

 7 

 accounting standards to avoid a charge to earnings) having an aggregate Fair Market Value on the date of exercise equal
to such aggregate Option exercise price, or in a combination of cash and such unencumbered shares of common stock. Subject to Section 9.4, as soon as practicable after receipt of a written exercise notice, payment of the Option exercise price and
receipt of evidence of the Participant’s execution of the Management Stockholders Agreement and the Registration Rights Agreement in accordance with this Section 6.4, the Company shall deliver to the Participant a certificate or certificates
representing the acquired shares of Common Stock. 
  
 6.5.
Incentive Stock Options. Notwithstanding anything in the Plan to the contrary, no term of the Plan relating to Incentive Stock Options shall be interpreted, amended or altered, nor shall any discretion or authority granted under the Plan be
so exercised, so as to disqualify the Plan under section 422 of the Code, or, without the consent of any Participant affected thereby, to cause any Incentive Stock Option previously granted to fail to qualify for the Federal income tax treatment
afforded under section 421 of the Code. 
  
 6.6. Termination of
Employment Due to Retirement or Other Special Termination. Unless otherwise determined by the Committee at the time of grant, in the event a Participant’s employment with the Company terminates by reason of Retirement or, in the case of a
Participant who is party to an employment agreement with the Company, a termination by the Company without Cause (as defined in such Participant’s employment agreement) or by the Participant for Good Reason (as so defined), any Options granted
to such Participant which, on or prior to the date of such termination, have become exercisable in accordance with Section 6.3, may be exercised at any time prior to the first anniversary of the Participant’s termination of employment or the
expiration of the term of the Options, whichever period is shorter. 
  
 6.7. Termination of Employment Due to Death or Disability. Unless otherwise determined by the Committee at the time of grant, in the event a Participant’s employment with the Company terminates by reason of death or Disability,
any Options granted to such Participant which on or prior to the date of such termination, have become exercisable in accordance with Section 6.3, may be exercised by the Participant or the Participant’s designated beneficiary (or, if no such
beneficiary is named, in accordance with Section 9.2) at any time prior to the first anniversary of the Participant’s termination of employment or the expiration of the term of the Options, whichever period is shorter. 
  
 6.8. Termination of Employment For Cause. Unless otherwise determined
by the Committee at the time of grant, in the event a Participant’s employment with the Company is terminated for Cause, all Options granted to such Participant which are then outstanding (whether or not exercisable on or prior to the date of
such termination) shall be immediately forfeited and canceled. 
  

 8 

 6.9. Termination of Employment for Any Other Reason. Unless otherwise determined by the Committee
at or after the time of grant, in the event the Participant’s employment with the Company terminates for any reason other than one described in Section 6.6 or 6.7, any Options granted to such Participant which are exercisable at the date of the
Participant’s termination of employment shall be exercisable at any time during the 60 day period following the Participant’s termination of employment or the expiration of the term of such Options, whichever period is shorter. 

 
 6.10. Termination of Options. Unless otherwise determined by the
Committee at the date of grant, upon the termination of a Participant’s employment, any Options that are not then exercisable shall terminate and be canceled effective upon the date of such termination. 
  
 6.11. Committee Discretion. Notwithstanding anything else contained in
this Section 6 to the contrary, the Committee may permit all or any portion of any Options to be exercised following a Participant’s termination of employment for any reason on such terms and subject to such conditions not less favorable to
such Participant than those terms and conditions provided for herein or in the Option agreement evidencing the grant to such Participant of the applicable Options, as the Committee shall determine for a period up to and including, but not beyond,
the expiration of the term of such Options. 
  
 SECTION 7.

  
 CHANGE IN CONTROL 
  
 7.1. Compelled Exercise of Options. Unless otherwise determined by the
Committee at the time of grant, in the event of a Change in Control, the Company shall have the right (exercisable upon written notice to Participants) to compel Participants to exercise their Options (whether or not then exercisable) at the time of
such Change in Control; provided, however, that any Options with a per share exercise price in excess of the Change in Control Price shall be immediately canceled in lieu of such compelled exercise. 
  
 7.2. Alternative Awards. Notwithstanding Section 7.1, if provided in
the option agreement evidencing the Options, no compelled exercise, cancellation, acceleration of exercisability, vesting, cash settlement or other payment shall occur with respect to any Option that would otherwise have been canceled pursuant to
Section 7.1 if the Committee reasonably determines in good faith prior to the occurrence of a Change in Control that such Option shall be honored or assumed, or new rights substituted therefor (such honored, assumed or substituted award hereinafter
called an “Alternative Award”) by a Participant’s employer (or the parent or a subsidiary of such employer) immediately following the Change in Control, provided that any such Alternative Award must: 
  
 (i) provide such Participant (or each Participant in a class
of Participants) with rights and entitlements substantially equivalent to or better than the rights applicable under such Option, including, but not limited to, a substantially similar or better exercise or vesting schedule and substantially similar
or better timing and methods of payment; 
  

 9 

 (ii) have substantially equivalent economic value to such Option (determined at the time
of the Change in Control); and 
  
 (iii) have
terms and conditions which provide that in the event that the Participant’s employment is involuntarily terminated following a Change in Control any conditions on a Participant’s rights under, or any restrictions on transfer or
exercisability (including vesting) applicable to, each such Alternative Award shall be waived or shall lapse, as the case may be. 
  
 7.3. The terms and conditions applicable to any Options granted hereunder that may become vested upon the attainment of performance objectives shall not
be affected in any way by reason of this Section 7. 
  
 SECTION 8.

  
 AMENDMENT, MODIFICATION, AND TERMINATION OF PLAN 
  
 The Committee may, with the consent of the Company’s Chief Executive
Officer (or if none, another senior executive designated by the Committee), at any time terminate or suspend the Plan and from time to time amend or modify the Plan. No such action of the Committee may, without the consent of a Participant, alter or
impair such Participant’s rights under any previously granted Option. 
  
 SECTION 9. 
  
 MISCELLANEOUS
PROVISIONS 
  
 9.1. Nontransferability of Awards. Unless
the Committee shall permit (on such terms and conditions as it shall establish) an Option to be transferred to a Permitted Transferee, no Option granted under the Plan may be sold, transferred, pledged, assigned or otherwise alienated or
hypothecated, other than by will or by the laws of descent and distribution. All rights with respect to any Option granted to a Participant under the Plan shall be exercisable during his lifetime only by such Participant or, if applicable, a
Permitted Transferee. 
  
 9.2. Beneficiary Designation.
Each Participant under the Plan may from time to time name any beneficiary or beneficiaries (who may be named contingently or successively) to whom any benefit under the Plan is to be paid or by whom any right 
  

 10 

 under the Plan is to be exercised in case of his death. Each designation will revoke all prior designations by the same
Participant, shall be in a form prescribed by the Committee and will be effective only when filed by the Participant in writing with the Committee during his lifetime. In the absence of any such designation, benefits remaining unpaid or Options
outstanding at the Participant’s death shall be paid to or exercisable by the Participant’s surviving spouse, if any, or otherwise to or by his estate. 
  
 9.3. No Guarantee of Employment or Participation; No Additional Compensation for Loss of Rights Under Plan. Nothing
in the Plan shall interfere with or limit in any way the right of the Company to terminate any Participant’s employment at any time, nor confer upon any Participant any right to continue in the employ of the Company. No Employee shall have a
right to be selected as a Participant, or, having been so selected, to receive any future Option grants. If any Participant’s employment with the Company or any Subsidiary shall be terminated for any reason, such Participant shall not be
entitled to any compensation or other form of remuneration with respect to such termination (except as otherwise provided herein) to compensate such Participant for the loss of any rights under the Plan notwithstanding any provision to the contrary
in his or her contract of employment. 
  
 9.4. Tax Withholding;
U.K. National Insurance Contributions. With respect to any Option or cash payments hereunder, the Company or any Subsidiary shall have the power to withhold, or require a Participant to remit to the Company or such Subsidiary promptly upon
notification of the amount due, an amount sufficient to satisfy: (a) all federal, state, local and foreign statutory withholding tax requirements and (b) U.K. National Insurance Contributions and similar federal, state, local and
foreign charges. The Company or such Subsidiary may defer payment of cash or issuance or delivery of Common Stock until such requirements are satisfied or such contribution is paid. At any time before the exercise, assignment, cancellation or
release of any Option, a Participant may be required by the Company or any Subsidiary to enter into: (x) a joint election to transfer liability for U.K. National Insurance Contributions with respect to such Option to such Participant in a
form approved by the Inland Revenue and acceptable to the Company or such Subsidiary and (y) such arrangements as may be approved by the Inland Revenue in order to secure the transfer of such liability. 
  
 9.5. Indemnification. Each person who is or shall have been a member
of the Board or the Committee shall be indemnified and held harmless by the Company against and from any loss, cost, liability or expense that may be imposed upon or reasonably incurred by him in connection with or resulting from any claim, action,
suit or proceeding to which he may be made a party or in which he may be involved by reason of any action taken or failure to act under the Plan and against and from any and all amounts paid by him in settlement thereof, with the Company’s
approval, or paid by him in satisfaction of any judgment in any such action, suit or proceeding against him, provided he shall give the Company an opportunity, at its own expense, to handle and defend the same before he 
  

 11 

 undertakes to handle and defend it on his own behalf. The foregoing right of indemnification shall not be exclusive and
shall be independent of any other rights of indemnification to which such persons may be entitled under the Company’s Articles of Incorporation or By-laws, by contract, as a matter of law or otherwise. 
  
 9.6. No Limitation on Compensation. Nothing in the Plan shall be
construed to limit the right of the Company to establish other plans or to pay compensation to its employees in cash or property. 
  
 9.7. Requirements of Law. The granting of Options and the issuance of shares of Common Stock shall be subject to all applicable laws, rules, and
regulations and to such approvals by any governmental agencies or national securities exchanges as may be required. 
  
 9.8. Governing Law. The Plan, and all agreements hereunder, shall be construed in accordance with and governed by the laws of the State of
Delaware. 
  
 9.9. No Impact On Benefits. Options granted
under the Plan are not compensation for purposes of calculating an Employee’s rights under any employee benefit plan. 
  
 9.10. Securities Law Compliance. Instruments evidencing the grant of Options may contain such other provisions, not inconsistent with the Plan, as
the Committee deems advisable, including a requirement that the Participant represent to the Company in writing, when he receives shares upon exercise of an Option (or at such other time as the Committee deems appropriate) that he is acquiring such
shares (unless they are then covered by an effective registration statement filed under the Securities Act of 1933, as amended) for his own account for investment only and with no present intention to transfer, sell or otherwise dispose of such
shares except such disposition by a legal representative as shall be required by will or the laws of any jurisdiction in winding up the estate of the Participant. Such shares shall be transferable only if the proposed transfer shall be permissible
pursuant to the Plan and if, in the opinion of counsel satisfactory to the Company, such transfer at such time will be in compliance with all applicable securities laws. To the extent required by applicable federal or state securities laws, the
Company shall provide Participants with Company financial statements. 
  
 9.11. Term of Plan. This Plan shall be effective as of July 25, 2000 and shall expire on the tenth anniversary of such date (except as to Options outstanding on that date), unless sooner terminated pursuant to Section 8 of the Plan.

  

 12

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