Document:

EX-10.7

 Exhibit 10.7 

EXECUTION 
 UWW
HOLDINGS, INC. 
 SEPARATION AND NON-COMPETITION AGREEMENT 

THIS SEPARATION AND NON-COMPETITION AGREEMENT (this “Agreement”) is made as of June 30, 2014 between UWW Holdings, Inc.,
a Delaware corporation (“UWW”) and Allan R. Dragone, Jr. (“Executive”). 
 WHEREAS, Executive is employed
by UWW as its Chief Executive Officer pursuant to the Third Amended & Restated Employment Agreement, made as of September 19, 2008, between UWW and Executive and as amended on each of December 17, 2008, December 21, 2010
and January 27, 2014 (as amended from time to time, the “Employment Agreement”); 
 WHEREAS, pursuant to that certain
Agreement and Plan of Merger dated January 28, 2014 (the “Merger Agreement”), by and among xpedx Holding Company, a Delaware limited liability company (the “Company”), UWW, International Paper Company, a New
York corporation (“IP”), xpedx Intermediate, LLC, a Delaware limited liability company and a direct, wholly-owned subsidiary of IP (“xpedx Intermediate LLC”) and certain other parties thereto, UWW will merge with
and into the Company (the “Merger”), with the Company continuing as the surviving corporation, and immediately thereafter, xpedx Intermediate LLC will merge with and into Unisource Worldwide, Inc., a Delaware corporation
(“Unisource Sub”), with Unisource Sub continuing as the surviving corporation and a wholly-owned subsidiary of the Company (together, the “Proposed Transaction”); 

WHEREAS, Executive and UWW are a party to that certain Consulting Agreement dated as of January 28, 2014 (the “Consulting
Agreement”) which was to become effective as of the closing date of the Proposed Transaction (the “Effective Date”); 

WHEREAS, effective as of the Effective Date, Executive’s employment with UWW under the Employment Agreement shall cease and the parties
desire to cancel the Consulting Agreement such that the consulting relationship contemplated by the Consulting Agreement does not become effective; 

WHEREAS, the Company will assume the obligations under and become a party to this Agreement by operation of law as a result of the
consummation of the Merger; 
 WHEREAS, Executive understands and acknowledges that IP and the Company would not enter into the Merger
Agreement or consummate the Proposed Transactions in the absence of this Agreement, including but not limited to Executive’s agreement to the restricted covenants set forth in paragraphs 6, 7 and 8 of this Agreement; 

 NOW, THEREFORE, in consideration of the mutual covenants contained herein and other good and
valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows: 
 1.
Termination of Consulting Agreement. UWW and the Executive hereby agree to cancel the Consulting Agreement effective immediately, such that the Consulting Agreement shall never become effective. In the event that the Proposed Transaction does
not occur, this Agreement shall become null and void and Executive and UWW shall have no further rights or obligations hereunder; provided however, that the Consulting Agreement is hereby immediately cancelled, without regard to the closing of the
Proposed Transaction. 
 2. Termination of Employment. 

(a) The parties hereto acknowledge that the Executive’s employment pursuant to the Employment Agreement will be terminated without Cause,
effective as of the Effective Date. As such, the parties acknowledge and agree that severance shall be paid to the Executive pursuant to Section 5(b) of the Employment Agreement and the Executive shall otherwise have the rights described in the
Employment Agreement that arise in connection with a termination without Cause, including, without limitation, Section 3(c) (relating to a bonus for FY 2014) of the Employment Agreement and Section 28 (relating to the Executive Residence
Matters) of the Employment Agreement, in each case in accordance with the terms and conditions of such provisions as provided in the Employment Agreement, which terms shall expressly survive the Effective Date. The parties acknowledge and agree that
the general release, in form and substance satisfactory to UWW, that is referred to in Section 5(b) of the Employment Agreement and is required to be executed to receive such severance, shall be in the form attached hereto as Exhibit A (the
“Release”). For purposes of Section 409A of the Internal Revenue Code of 1986, as amended (the “Code”), the parties hereto represent that they intend that any services that may be performed by Executive to the
Company following the Effective Date, whether as a member of the Board of Directors of the Company (the “Board”) or otherwise, shall be at a level that is no more than 20% of the average level of services that the Executive
performed during the thirty-six (36) months of his employment with UWW immediately preceding the Effective Date. 
 (b) Following the
Effective Date, the Executive (1) will not have an office at any Company facility, (2) will not attend industry associations or shows as a representative of the Company, (3) will refer emails and phone calls from employees and
customers to the CEO or the General Counsel of the Company and (4) will not respond to press or investor inquiries, in each case without authorization from the Board or the CEO of the Company. Following the Effective Date, the Executive shall
not be eligible to participate in any of the employee benefit plans or arrangements of the Company. 
 3. Certain Definitions. 

(a) For purposes of this Agreement, “Subsidiaries” shall mean any corporation or other entity of which the securities or other
ownership interests having the voting power to elect a majority of the board of directors or other governing body are, at the time of determination, owned by the Company or UWW, directly or through one or more Subsidiaries. 

(b) For purposes of this Agreement, “Affiliates” shall mean with respect to the Company and its Subsidiaries or UWW and its
Subsidiaries, any other Person controlling, controlled by or under common control with the Company or any of its Subsidiaries and, in the case of a Person which is a partnership, any partner of the Person. 

  
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 (c) For purposes of this Agreement, “Person” shall mean an individual, a
partnership, a corporation, a limited liability company, an association, a joint stock company, a trust, a joint venture, an unincorporated organization and a governmental entity or any department, agency or political subdivision thereof. 

4. Additional Severance Compensation. 

(a) Following the Effective Date, and subject to (i) the Executive’s timely execution of the Release within sixty (60) days of
the Effective Date and (ii) the Executive not terminating his employment with UWW for any reason prior to the Effective Date, Executive will receive an additional severance payment equal to $3,000,000 in total (the “Additional
Severance”) payable pro-rata in monthly installments over the two (2) year period following the Effective Date. Any amounts payable pursuant to this paragraph 4(a) shall not be paid until the first scheduled payment date following the
date the Release is executed and no longer subject to revocation, with the first such payment being in an amount equal to the total amount to which Executive would otherwise have been entitled during the period following the Effective Date if such
deferral had not been required; provided, however, that any such amounts that constitute nonqualified deferred compensation within the meaning of Internal Revenue Code Section 409A and the regulations and official guidance promulgated
thereunder (“Code Section 409A”) shall not be paid until the 60th day following the Effective Date to the extent necessary to avoid adverse tax consequences under Code Section 409A, and, if such payments are required to be
so deferred, the first payment shall be in an amount equal to the total amount to which Executive would otherwise have been entitled during the period following the Effective Date if such deferral had not been required. 

(b) Except as otherwise expressly provided herein, Executive shall not be entitled to any compensation from the Company or its Subsidiaries
after the Effective Date. 
 (c) Executive is under no obligation to mitigate damages or the amount of any payment provided for hereunder by
seeking other employment or otherwise. 
 (d) The Company may offset any amounts Executive owes it or any of its Subsidiaries against any
amounts the Company or its Subsidiaries owes Executive hereunder, provided, however that in no event shall any payment under this Agreement that constitutes “nonqualified deferred compensation” for purposes of Code Section 409A be
subject to offset by any other amount unless otherwise permitted by Code Section 409A. 
 5. Board Membership. The Board shall
take such action as may be necessary to appoint or nominate Executive to become a member of the Board effective as of the Effective Date. During the two-year period following the Effective Date, the Board shall nominate Executive for re-election as
a member of the Board at the expiration of the then current term, provided that the foregoing shall not be required to the extent prohibited by legal or regulatory requirements. Following the two-year anniversary of the Effective Date,

  
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Executive shall resign as a director of the Company and its Subsidiaries, as the case may be, unless otherwise agreed by the Board and the Executive. To eliminate any potential conflicts of
interest, the Executive will not serve on any committee of the Board and, for the avoidance of doubt, will not participate in the assessment of the Company’s CEO. While serving on the Board, Executive shall be entitled to receive the same
compensation for service as a director as the Company’s independent directors (including without limitation any equity and/or convertible equity). 

6. Confidential Information. Executive acknowledges that the continued success of the Company and its Subsidiaries and Affiliates,
depends upon the use and protection of a large body of confidential and proprietary information. All of such confidential and proprietary information now existing or to be developed in the future will be referred to in this Agreement as
“Confidential Information.” Confidential Information will be interpreted as broadly as possible to include all information of any sort (whether merely remembered or embodied in a tangible or intangible form) that is (i) related
to the Company’s or its Subsidiaries’ or Affiliates’ current or potential business and (ii) is not generally or publicly known. Confidential Information includes, without specific limitation, the information, observations and
data obtained by Executive during the course of his employment with UWW and its Subsidiaries prior to the Effective Date, or his service as a director of the Company, UWW or any of their respective Subsidiaries or Affiliates, in each case whether
before or after the Effective Date, concerning the business and affairs of the Company and its Subsidiaries and Affiliates, information concerning acquisition opportunities in or reasonably related to the Company’s or its Subsidiaries’ or
Affiliates’ business or industry of which Executive became or becomes aware of during his employment or other service with UWW and its Subsidiaries and Affiliates or during his service as a director of the Company and its Subsidiaries and
Affiliates, the Persons or entities that are current, former or prospective suppliers or customers of any one or more of them during Executive’s course of employment or other service with UWW and its Subsidiaries and Affiliates or service as a
director of the Company and its Subsidiaries and Affiliates, as well as development, transition and transformation plans, methodologies and methods of doing business, strategic, marketing and expansion plans, including plans regarding planned and
potential sales, financial and business plans, employee lists and telephone numbers, locations of sales representatives, new and existing programs and services, prices and terms, customer service, integration processes, requirements and costs of
providing service, support and equipment. Therefore, Executive agrees that, in addition to any obligations under the Employment Agreement, following the Effective Date he shall not disclose to any unauthorized person or use for his own account any
of such Confidential Information without the Board’s prior written consent, unless and to the extent that any Confidential Information (i) becomes generally known to and available for use by the public other than as a result of
Executive’s acts or omissions to act or (ii) is required to be disclosed pursuant to any applicable law or court order. Executive agrees to deliver to the Company at the Effective Date, or at any other time the Company may request in
writing, all memoranda, notes, plans, records, reports and other documents (and copies thereof) relating to the business of the Company or its Subsidiaries or Affiliates (including, without limitation, all Confidential Information) that he may then
possess or have under his control. 

  
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 7. Intellectual Property, Inventions and Patents. Executive acknowledges that all
discoveries, concepts, ideas, inventions, innovations, improvements, developments, methods, designs, analyses, drawings, reports, patent applications, copyrightable work and mask work (whether or not including any Confidential Information) and all
registrations or applications related thereto, all other proprietary information and all similar or related information (whether or not patentable) which relate to the Company’s or any of its Subsidiaries’ actual or anticipated business,
research and development or existing or future products or services and which are conceived, developed or made by Executive (whether above or jointly with others) while providing services to the Company and its Subsidiaries, whether before or after
the date of this Agreement (“Work Product”), belong to the Company or such Subsidiary. Executive shall promptly disclose such Work Product to the Board and, at the Company’s expense, perform all actions reasonably requested by
the Board, whether before or after the date of this Agreement, to establish and confirm such ownership (including, without limitation, assignments, consents, powers of attorney and other instruments). 

8. Non-Compete, Non-Solicitation. 

(a) Executive acknowledges and agrees that during the course of his employment, consultancy and other service relationships with UWW, the
Company and their respective Subsidiaries he has and shall become familiar with the Company’s and its Subsidiaries’ and Affiliates’ trade secrets and with other Confidential Information concerning the Company and its Subsidiaries and
Affiliates, that his services have been and shall be of special, unique and extraordinary value to the Company and its Subsidiaries and Affiliates and that given, this expertise and knowledge, Executive’s competition with the Company and its
Subsidiaries and Affiliates would cause the Company to suffer irreparable harm. Therefore, and in further consideration of the compensation to be paid to Executive hereunder, Executive agrees that, during the four (4) year period following the
Effective Date (the “Noncompete Period”), he shall not, directly or indirectly, compete with the Business of the Company within North America by serving in any capacity, job or function (including, but not limited to, as a
proprietor, stockholder, partner, member, officer, director, employee, consultant, independent contractor, or agent) that is the same or similar to the capacities, jobs or functions in which he served at UWW or any of its Subsidiaries prior to the
Effective Date for the two (2) years immediately prior to the cessation of his employment with UWW when in such capacity, job or function, he could or would assist, support or further any entity, organization or other Person in competing with
the Company or any of its Subsidiaries or Affiliates in the Business of the Company; provided that Executive may maintain his current passive investments in the Executive’s businesses that otherwise would violate this paragraph 8(a), so long as
Executive has no active participation in such Executive’s businesses and Executive does not make additional investments in such Executive’s businesses without the prior written consent of the Board. For the purposes of this Agreement, the
“Business of the Company” means a business materially engaged in the competitive business of selling or distributing the following products manufactured by third parties: (x) printing and specialty papers, (y) packaging
supplies and equipment, or (z) as it relates to printing and specialty papers, industrial and commercial maintenance supplies or graphic imaging supplies and equipment, in any locale of any country in which the Company conducts such business.
Notwithstanding the foregoing, the Company agrees that customers and suppliers of the Company are not deemed to be competitive with the Company merely based 

  
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upon such status. Nothing herein shall prohibit Executive from being a passive owner of not more than 2% of the outstanding stock of any class of a corporation which is publicly traded, so long
as Executive has no active participation in the business of such corporation. 
 (b) During the Noncompete Period, Executive shall not
directly or indirectly, or through another Person or entity (i) solicit any current employee of the Company or any Subsidiary with whom Executive had Material Contact during the 12-month time period immediately preceding the termination of his
employment with UWW (for any reason) to leave the employ of the Company or such Subsidiary, (ii) solicit any person who was previously an employee of the Company or any Subsidiary at any time during the twelve (12) months prior to the
Effective Date and with whom Executive had Material Contact during the 12-month time period immediately preceding the Effective Date to leave the employ of such person’s present employer, (iii) induce or attempt to induce any customer,
supplier, licensee, licensor, franchisee or other business relation of the Company or any Subsidiary with whom Executive had Material Contact during the 12-month time period immediately preceding the Effective Date to cease doing business with the
Company or such Subsidiary, and (iv) solicit any business in competition with the Business of the Company from any of the existing or potential customers with whom Executive had Material Contact during the 12-month time period immediately
preceding the Effective Date. For purposes of this Agreement, “Material Contact” means personal contact or the supervision of the efforts of those who have had direct personal contact. 

(c) If, at the time of enforcement of this paragraph 8, a court shall hold that the duration, scope or area restrictions stated herein are
unreasonable under circumstances then existing, the parties agree that the maximum duration, scope or area reasonable under such circumstances shall be substituted for the stated duration, scope or area and that the court shall be allowed to revise
the restrictions contained herein to cover the maximum period, scope and area permitted by law. Executive acknowledges that the restrictions contained in paragraph 6 and this paragraph 8 (x) constitute consideration for inducing the Company to
provide Executive with the compensation and payments under this Agreement, (y) are reasonable and necessary to protect the business interests of the Company, and (z) will not cause him any undue hardship and will not prevent him from
earning a living, and that he has reviewed the provisions of this Agreement with his legal counsel. 
 (d) In the event of the breach or a
threatened breach by Executive of any of the provisions of paragraph 6 or this paragraph 8, the Company and its Subsidiaries would suffer irreparable harm, and in addition and supplementary to other rights and remedies existing in its favor, the
Company shall be entitled to specific performance and/or injunctive or other equitable relief from a court of competent jurisdiction in order to enforce or prevent any violations of the provisions hereof (without posting a bond or other security).
In addition, in the event of an alleged breach or violation by Executive of this paragraph 8, the Noncompete Period shall be tolled until such breach or violation has been duly cured. 

9. Executive’s Representations. Executive hereby represents and warrants to the Company that (i) the execution, delivery and
performance of this Agreement by Executive do not and shall not conflict with, breach, violate or cause a default under any contract, agreement, instrument, order, judgment or decree to which Executive is a party or by which he

  
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is bound, (ii) Executive is not a party to or bound by any employment agreement, noncompete agreement or confidentiality agreement with any other Person or entity other than the Employment
Agreement and (iii) upon the execution and delivery of this Agreement by the Company, this Agreement shall be the valid and binding obligation of Executive, enforceable in accordance with its terms. Executive hereby acknowledges and represents
that he has consulted with independent legal counsel regarding his rights and obligations under this Agreement and that he fully understands the terms and conditions contained herein. 

10. Notices. Any notice provided for in this Agreement shall be in writing and shall be either personally delivered, sent by reputable
overnight courier service or mailed by first class mail, return receipt requested, to the recipient at the address below indicated: 

Notices to Executive: 
 Allan
R. Dragone, Jr. 
 3560 Ridgewood Road 

Atlanta, Georgia 30327 

Notices to the Company: 

xpedx Holding Company 

6285 Tri-Ridge Blvd. 

Loveland, Ohio 45140 

Attention: General Counsel 

With a copy to: 

Kirkland & Ellis LLP 

300 North LaSalle 
 Chicago,
Illinois 60654 

			
	Attention:	  	Matthew E. Steinmetz, P.C.
		  	Jeffrey W. Richards

 or such other address or to the attention of such other person as the recipient party shall have specified by prior
written notice to the sending party. Any notice under this Agreement shall be deemed to have been given when so delivered, sent or mailed. 

11. Severability. Whenever possible, each provision of this Agreement shall be interpreted in such manner as to be effective and valid
under applicable law, but if any provision of this Agreement is held to be invalid, illegal or unenforceable in any respect under any applicable law or rule in any jurisdiction, such invalidity, illegality or unenforceability shall not affect any
other provision of this Agreement or any action in any other jurisdiction, but this Agreement shall be reformed, construed and enforced in such jurisdiction as if such invalid, illegal or unenforceable provision had never been contained herein. 

  
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 12. Complete Agreement. Except as expressly provided herein, this Agreement, those
documents expressly referred to herein and other documents of even date herewith or therewith embody the complete agreement and understanding among the parties and supersede and preempt any prior understandings, agreements or representations by or
among the parties, written or oral, which may have related to the subject matter hereof in any way without prejudice to or waiver of any rights or remedies respecting breaches of the Employment Agreement prior to the date hereof and without
duplication of any amounts accrued thereunder as of the date hereof except as specifically provided herein. Notwithstanding the foregoing, the restrictive covenants and other obligations contained in paragraphs 6, 7 and 8 are independent of,
supplemental to and do not modify, supersede or restrict (and shall not be modified, superseded by or restricted by) any non-competition, non-solicitation, confidentiality or other restrictive covenants in any other current or future agreement,
including but not limited to the restrictive covenants contained in the Employment Agreement, unless reference is made to the specific provisions hereof which are intended to be superseded. 

13. No Strict Construction. The language used in this Agreement shall be deemed to be the language chosen by the parties hereto to
express their mutual intent, and no rule of strict construction shall be applied against any party. 
 14. Counterparts. This
Agreement may be executed in separate counterparts (including by means of facsimile), each of which is deemed to be an original and all of which taken together constitute one and the same agreement. 

15. Successors and Assigns. The Company will require any successor (whether direct or indirect, by purchase, merger, consolidation,
reorganization or otherwise) to all or substantially all of the business or assets of the Company, by agreement in form and substance satisfactory to Executive, expressly to assume and agree to perform this Agreement in the same manner and to the
same extent the Company would be required to perform if no such succession had taken place. This Agreement will be binding upon and inure to the benefit of UWW and any successor to UWW, including without limitation the Company and any Persons
acquiring directly or indirectly all or substantially all of the business or assets of the Company whether by purchase, merger, consolidation, reorganization or otherwise (and such successor shall thereafter be deemed the “Company” for the
purposes of this Agreement), but will not otherwise be assignable, transferable or delegable by the Company other than to any of its Subsidiaries. This Agreement will inure to the benefit of and be enforceable by Executive’s personal or legal
representatives, executors, administrators, successors, heirs, distributees and legatees, but otherwise will not otherwise be assignable, transferable or delegable by Executive. This Agreement is personal in nature and neither of the parties hereto
shall, without the consent of the other, assign, transfer or delegate this Agreement or any rights or obligations hereunder except as otherwise expressly provided in this paragraph 15. 

16. Choice of Law. Executive acknowledges that UWW and the Company are organized under the laws of the State of Delaware. Therefore,
Executive and UWW agree that all issues and questions concerning the construction, validity, enforcement and interpretation of this Agreement and the exhibits and schedules hereto shall be governed by, and construed in

  
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accordance with, the laws of the State of Delaware, without giving effect to any choice of law or conflict of law rules or provisions (whether of the State of Delaware or any other jurisdiction)
that would cause the application of the laws of any jurisdiction other than the State of Delaware. 
 17. Forum. Executive
acknowledges that a substantial portion of UWW’s and the Company’s business is and will be based out of the State of New York. Executive also acknowledges that, as such, during the course of his employment with UWW, Executive has had and
will continue to have substantial contacts with the State of New York. Therefore, the parties agree that they will not file any action arising out of or based upon this Agreement other than in the federal and state courts located in the State of New
York. The parties consent to personal jurisdiction and venue solely within the federal and state courts located in the State of New York and waive all otherwise possible objections to such personal jurisdiction or venue. 

18. Amendment and Waiver. The provisions of this Agreement may be amended or waived only with the prior written consent of the Company
(as approved by the Board)1 and Executive and, prior to the merger, UWW, and no course of conduct or course of dealing or failure or delay by any party hereto in enforcing or exercising any of the
provisions of this Agreement shall affect the validity, binding effect or enforceability of this Agreement or be deemed to be an implied waiver of any provision of this Agreement. 

19. Taxes. The Company and its respective Subsidiaries shall be entitled to deduct or withhold from any amounts owing from the Company
or any of its Subsidiaries to Executive any federal, state, local or foreign withholding taxes, excise tax, or employment taxes (“Taxes”) imposed with respect to Executive’s compensation or other payments from the Company or
any of its Subsidiaries. Executive agrees that he shall be solely responsible for all such Taxes. 
 20. Waiver of Jury Trial. AS A
SPECIFICALLY BARGAINED FOR INDUCEMENT FOR EACH OF THE PARTIES HERETO TO ENTER INTO THIS AGREEMENT (AFTER HAVING THE OPPORTUNITY TO CONSULT WITH COUNSEL), EACH PARTY HERETO EXPRESSLY WAIVES THE RIGHT TO TRIAL BY JURY IN ANY LAWSUIT OR PROCEEDING
RELATING TO OR ARISING IN ANY WAY FROM THIS AGREEMENT OR THE MATTERS CONTEMPLATED HEREBY. 
 21. Executive’s Cooperation. During
the four (4) year period following the Effective Date, Executive shall cooperate with the Company and its Subsidiaries in any internal investigation or administrative, regulatory or judicial proceeding as reasonably requested by the Company or
any Subsidiary (including, without limitation, Executive being available to the Company and its Subsidiaries upon reasonable notice for interviews and factual investigations, appearing at the Company’s or any Subsidiary’s request to give
truthful and accurate testimony without requiring service of a subpoena or other legal process, volunteering to the Company and its Subsidiaries all pertinent information and turning over to the Company and its 

 
  

	1 	 Note to Draft: Complete procedures for xPedx consent. 

  
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Subsidiaries all relevant documents which are or may come into Executive’s possession, all at times and on schedules that are reasonably consistent with Executive’s other permitted
activities and commitments). In addition, during the four (4) year period following the Effective Date, Executive shall furnish such information and assistance to the Company or any Subsidiary as may be reasonably required by the Company or any
Subsidiary in connection with any issues or matters in which Executive was involved during his employment with the Company and its affiliates, including, without limitation, the transition of his duties to other employees at the Company (including
his successor), as may be reasonably requested by the Company. In the event the Company or any Subsidiary requires Executive’s cooperation in accordance with this paragraph, the Company shall pay Executive a per diem reasonably determined by
the Board and reimburse Executive for reasonable expenses incurred in connection therewith (including lodging and meals, upon submission of receipts). 

22. Nondisparagement. Executive hereby agrees and covenants that, except as may be required by law, he shall not make any statement,
written or verbal, in any forum or media, or take any other action in disparagement of the Company or its Subsidiaries or Affiliates following the Effective Date, except that Executive may testify truthfully in any civil, administrative or criminal
proceeding. 
 23. Certain Tax Matters. The intent of the parties is that payments and benefits under this Agreement comply with Code
Section 409A and, accordingly, to the maximum extent permitted, this Agreement shall be interpreted to be in compliance therewith. In no event whatsoever shall the Company be liable for any additional tax, interest or penalty that may be
imposed on Executive by Code Section 409A or damages for failing to comply with Code Section 409A. A termination of employment or service relationship shall not be deemed to have occurred for purposes of any provision of this Agreement
providing for the payment of any amounts or benefits upon or following a termination of such relationship unless such termination is also a “separation from service” within the meaning of Code Section 409A and, for purposes of any
such provision of this Agreement, references to a “termination,” “termination of employment” or like terms shall mean “separation from service.” Notwithstanding anything to the contrary in this Agreement, if Executive
is deemed on the date of termination to be a “specified employee” within the meaning of that term under Code Section 409A(a)(2)(B), then with regard to any payment or the provision of any benefit that is considered deferred
compensation under Code Section 409A payable on account of a “separation from service,” such payment or benefit shall not be made or provided until the date which is the earlier of (A) the expiration of the six (6)-month period
measured from the date of such “separation from service” of the Executive, and (B) the date of the Executive’s death, to the extent required under Code Section 409A. Upon the expiration of the foregoing delay period, all
payments and benefits delayed pursuant to this paragraph 23 (whether they would have otherwise been payable in a single sum or in installments in the absence of such delay) shall be paid or reimbursed to the Executive in a lump sum, and any
remaining payments and benefits due under this Agreement shall be paid or provided in accordance with the normal payment dates specified for them herein. To the extent that reimbursements or other in-kind benefits under this Agreement constitute
“nonqualified deferred compensation” for purposes of Code Section 409A, (A) all expenses or other reimbursements hereunder shall be made on or prior to the last day of the taxable year following the taxable year in which such
expenses were 

  
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incurred by the Executive, (B) any right to such reimbursement or in-kind benefits shall not be subject to liquidation or exchange for another benefit, and (C) no such reimbursement,
expenses eligible for reimbursement, or in-kind benefits provided in any taxable year shall in any way affect the expenses eligible for reimbursement, or in-kind benefits to be provided, in any other taxable year. For purposes of Code
Section 409A, the Executive’s right to receive any installment payments pursuant to this Agreement shall be treated as a right to receive a series of separate and distinct payments. Whenever a payment under this Agreement specifies a
payment period with reference to a number of days, the actual date of payment within the specified period shall be within the sole discretion of the Company. Executive agrees that Executive shall not be entitled to any compensation or reimbursement
for any Taxes payable with respect to any payments pursuant to this Agreement. 

*    *    *    *    * 

  
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 IN WITNESS WHEREOF, the parties hereto have executed this Consulting and Non-Competition
Agreement as of the date first written above. 
  

			
	UWW HOLDINGS, INC.
		
	By:	 	 /s/ John Sills

		
	Its:	 	 John Sills, Chief Financial Officer

	
	 /s/ Allan R. Dragone, Jr.

	ALLAN R. DRAGONE, JR.

 EXHIBIT A 

GENERAL RELEASE 
 I,
                    , in consideration of and subject to the performance by UWW Holdings, Inc. (“UWW”) of its obligations under
Section 5(b) of the Third Amended & Restated Employment Agreement, made as of September 19, 2008, between UWW and the undersigned and amended as of December 17, 2008, further amended as of December 21, 2010 and
January 27, 2014 (as amended from time to time, the “Employment Agreement”), and the performance of xpedx Holding Company of its obligations under Section 4 of the Separation and Non-Competition Agreement, dated as of
[DATE] (the “Separation Agreement”) do hereby release and forever discharge as of the date hereof UWW and xpedx Holding Company (together with UWW and their respective subsidiaries, the “Company”),
International Paper Company and their respective affiliates and subsidiaries and all present, former and future directors, officers, agents, representatives, employees, successors and assigns of the Company and/or its respective affiliates and
subsidiaries and direct or indirect owners (collectively, the “Released Parties”) to the extent provided herein (this “General Release”). The Released Parties are intended third-party beneficiaries of this General
Release, and this General Release may be enforced by each of them in accordance with the terms hereof in respect of the rights granted to such Released Parties hereunder. Terms used herein but not otherwise defined shall have the meanings given to
them in the Employment Agreement. 
  

	1.	I understand that any payments or benefits paid or granted to me under Section 5(b) of the Employment Agreement and Section 4 of the Separation Agreement represent, in part, consideration for signing this
General Release and are not salary, wages or benefits to which I was already entitled. I understand and agree that I will not receive the payments and benefits specified in Section 5(b) of the Employment Agreement or Section 4 of the
Separation Agreement unless I execute this General Release and do not revoke this General Release within the time period permitted hereafter or breach this General Release. Such payments and benefits will not be considered compensation for purposes
of any employee benefit plan, program, policy or arrangement maintained or hereafter established by the Company or its affiliates. 

  

	2.	 Except as provided in paragraph 4 below and except for the provisions of the Employment Agreement which expressly survive the termination of my
employment or service relationship with the Company, I knowingly and voluntarily (for myself, my heirs, executors, administrators and assigns) release and forever discharge the Company and the other Released Parties from any and all claims, suits,
controversies, actions, causes of action, cross-claims, counter-claims, demands, debts, compensatory damages, liquidated damages, punitive or exemplary damages, other
damages, claims for costs and attorneys’ fees, or liabilities of any nature whatsoever in law and in equity, both past and present (through the date that this General Release becomes effective and enforceable) and whether known or unknown,
suspected, or claimed against the Company and/or any of the Released Parties which I, my spouse, or any of my heirs, executors, administrators or assigns, ever had, now have, or hereafter may have, by reason of any matter, cause, or thing
whatsoever, from the beginning of my initial dealings with the Company to the date of this General Release, and particularly, but without limitation of the foregoing general terms, any claims arising from or relating in any way to my employment or
service relationship 

	 	
with Company, the terms and conditions of that employment or service relationship, and the termination of that employment or service relationship (including, but not limited to, any allegation,
claim or violation, arising under: Title VII of the Civil Rights Act of 1964, as amended; the Civil Rights Act of 1991; the Age Discrimination in Employment Act of 1967, as amended (including the Older Workers Benefit Protection Act); the Equal Pay
Act of 1963, as amended; the Americans with Disabilities Act of 1990; the Family and Medical Leave Act of 1993; the Worker Adjustment Retraining and Notification Act; the Employee Retirement Income Security Act of 1974; any applicable Executive
Order Programs; the Fair Labor Standards Act; or their state or local counterparts; or under any other federal, state or local civil or human rights law, or under any other local, state, or federal law, regulation or ordinance; or under any public
policy, contract or tort, or under common law; or arising under any policies, practices or procedures of the Company; or any claim for wrongful discharge, breach of contract, infliction of emotional distress, defamation; or any claim for costs,
fees, or other expenses, including attorneys’ fees incurred in these matters) (all of the foregoing collectively referred to herein as the “Claims”). I understand and intend that this General Release constitutes a general
release of all claims and that no reference herein to a specific form of claim, statute or type of relief is intended to limit the scope of this General Release. 

  

	3.	I represent that I have made no assignment or transfer of any right, claim, demand, cause of action, or other matter covered by paragraph 2 above. 

 

	4.	I agree that this General Release does not waive or release any rights or claims that I may have under the Age Discrimination in Employment Act of 1967 which arise after the date I execute this General Release. I
acknowledge and agree that my separation from employment or service relationship with the Company in compliance with the terms of the Employment Agreement shall not serve as the basis for any claim or action (including, without limitation, any claim
under the Age Discrimination in Employment Act of 1967). 

  

	5.	I agree that I hereby waive all rights to sue or obtain equitable, remedial or punitive relief from any or all Released Parties of any kind whatsoever, including, without limitation, reinstatement, back pay, front pay,
and any form of injunctive relief. Notwithstanding the foregoing, I acknowledge that I am not waiving and am not being required to waive any right that cannot be waived under law, including the right to file an administrative charge or participate
in an administrative investigation or proceeding; provided, however, that I disclaim and waive any right to share or participate in any monetary award resulting from the prosecution of such charge or investigation or proceeding. 

 

	6.	 In signing this General Release, I acknowledge and intend that it shall be effective as a bar to each and every one of the Claims hereinabove
mentioned or implied. I expressly consent that this General Release shall be given full force and effect according to each and all of its express terms and provisions, including those relating to unknown and unsuspected Claims (notwithstanding any
state or local statute that expressly limits the effectiveness of a general release of unknown, unsuspected and unanticipated Claims), if any, as well as those relating to any other Claims hereinabove mentioned or implied. I acknowledge and agree
that this waiver is an essential and material term of this General Release and that without such waiver the 

  
 3 

	 	
Company would not have agreed to the terms of the Employment Agreement or the Separation Agreement. I further agree that in the event that I should bring a Claim seeking damages against the
Company, or in the event that I should seek to recover against the Company in any Claim brought by a governmental agency on my behalf, this General Release shall serve as a complete defense to such Claims to the maximum extent permitted by law. I
further agree that I am not aware of any pending claim, or of any facts that could give rise to a claim, of the type described in paragraph 2 as of the execution of this General Release. 

 

	7.	I agree that neither this General Release, nor the furnishing of the consideration for this General Release, shall be deemed or construed at any time to be an admission by the Company, any Released Party or myself of
any improper or unlawful conduct. 

  

	8.	I agree that I will forfeit all amounts payable by the Company pursuant to the Employment Agreement or the Separation Agreement if I challenge the validity of this General Release. I also agree that if I violate this
General Release by suing the Company or the other Released Parties, I will pay all costs and expenses of defending against the suit incurred by the Released Parties, including reasonable attorneys’ fees, and return all payments received by me
pursuant to the Agreement on or after the termination of my employment or service relationship. 

  

	9.	I agree that this General Release, the Employment Agreement and the Separation Agreement are confidential and agree not to disclose any information regarding the terms of this General Release or the Agreement, except to
my immediate family and any tax, legal or other counsel that I have consulted regarding the meaning or effect hereof or as required by law, and I will instruct each of the foregoing not to disclose the same to anyone. The Company agrees to disclose
any such information only to any tax, legal or other counsel of the Company or as required by law. 

  

	10.	Any non-disclosure provision in this General Release does not prohibit or restrict me (or my attorney) from responding to any inquiry about this General Release or its underlying
facts and circumstances by the Securities and Exchange Commission (SEC), the Financial Industry Regulatory Authority (FINRA), or any other self-regulatory organization or governmental entity.

  

	11.	I hereby acknowledge that Sections 5(b), 6 through 8, 10 and 28 of the Employment Agreement and Section 6, 7 and 8 of the Separation Agreement shall survive my execution of this General Release. 

 

	12.	I represent that I am not aware of any Claim by me, and I acknowledge that I may hereafter discover Claims or facts in addition to or different than those which I now know or believe to exist with respect to the subject
matter of the release set forth in paragraph 2 above and which, if known or suspected at the time of entering into this General Release, may have materially affected this General Release and my decision to enter into it. 

 

	13.	Notwithstanding anything in this General Release to the contrary, this General Release shall not relinquish, diminish, or in any way affect any rights or claims arising out of any breach by the Company or by any
Released Party of the Employment Agreement or the Separation Agreement after the date hereof. 

  
 4 

	14.	Whenever possible, each provision of this General Release shall be interpreted in such manner as to be effective and valid under applicable law, but if any provision of this General Release is held to be invalid,
illegal or unenforceable in any respect under any applicable law or rule in any jurisdiction, such invalidity, illegality or unenforceability shall not affect any other provision or any other jurisdiction, but this General Release shall be reformed,
construed and enforced in such jurisdiction as if such invalid, illegal or unenforceable provision had never been contained herein. This General Release constitutes the complete and entire agreement and understanding among the parties, and
supersedes any and all prior or contemporaneous agreements, commitments, understandings or arrangements, whether written or oral, between or among any of the parties, in each case concerning the subject matter hereof. 

BY SIGNING THIS GENERAL RELEASE, I REPRESENT AND AGREE THAT: 
  

	 	(a)	I HAVE READ IT CAREFULLY; 

  

	 	(b)	I UNDERSTAND ALL OF ITS TERMS AND KNOW THAT I AM GIVING UP IMPORTANT RIGHTS, INCLUDING BUT NOT LIMITED TO, RIGHTS UNDER THE AGE DISCRIMINATION IN EMPLOYMENT ACT OF 1967, AS AMENDED, TITLE VII OF THE CIVIL RIGHTS ACT OF
1964, AS AMENDED, THE EQUAL PAY ACT OF 1963, THE AMERICANS WITH DISABILITIES ACT OF 1990, AND THE EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974, AS AMENDED; 

  

	 	(c)	I VOLUNTARILY CONSENT TO EVERYTHING IN IT; 

  

	 	(d)	I HAVE BEEN ADVISED TO CONSULT WITH AN ATTORNEY BEFORE EXECUTING IT AND I HAVE DONE SO OR, AFTER CAREFUL READING AND CONSIDERATION, I HAVE CHOSEN NOT TO DO SO OF MY OWN VOLITION; 

 

	 	(e)	I HAVE HAD AT LEAST 45 DAYS FROM THE DATE OF MY RECEIPT OF THIS RELEASE TO CONSIDER IT AND THE CHANGES MADE SINCE MY RECEIPT OF THIS RELEASE ARE NOT MATERIAL OR WERE MADE AT MY REQUEST AND WILL NOT RESTART THE REQUIRED 45-DAY PERIOD; 

  

	 	(f)	 I ACKNOWLEDGE THAT I HAVE BEEN PROVIDED WITH SCHEDULE I ATTACHED HERETO SUMMARIZING (I) ANY CLASS, UNIT OR GROUP OF INDIVIDUALS TERMINATED UNDER
THE SAME GROUP TERMINATION PROGRAM WITHIN THE MEANING OF 29 U.S.C. §626(F)(1), (II) ANY ELIGIBILITY FACTORS OR TIME LIMITS APPLICABLE TO SUCH GROUP TERMINATION PROGRAM, AND (III) THE JOB TITLE AND AGES OF ALL

  
 5 

	 	
EMPLOYEES TERMINATED UNDER THE SAME TERMINATION PROGRAM AS WELL AS THE JOB TITLE AND AGES OF ALL EMPLOYEES IN THE SAME JOB CLASSIFICATION OR ORGANIZATIONAL UNIT WHO HAVE NOT BEEN SELECTED;

  

	 	(g)	I UNDERSTAND THAT I HAVE SEVEN (7) DAYS AFTER THE EXECUTION OF THIS RELEASE TO REVOKE IT AND THAT THIS RELEASE SHALL NOT BECOME EFFECTIVE OR ENFORCEABLE UNTIL THE REVOCATION PERIOD HAS EXPIRED; 

 

	 	(h)	I HAVE SIGNED THIS GENERAL RELEASE KNOWINGLY AND VOLUNTARILY AND WITH THE ADVICE OF ANY COUNSEL RETAINED TO ADVISE ME WITH RESPECT TO IT; AND 

 

	 	(i)	I AGREE THAT THE PROVISIONS OF THIS GENERAL RELEASE MAY NOT BE AMENDED, WAIVED, CHANGED OR MODIFIED EXCEPT BY AN INSTRUMENT IN WRITING SIGNED BY AN AUTHORIZED REPRESENTATIVE OF THE COMPANY AND BY ME. 

 

									
	 SIGNED:
	 	  
	 		 	DATE:	 	  

  
 6 

 SCHEDULE I 

DISCLOSURE INFORMATION PROVIDED PURSUANT TO THE 

OLDER WORKERS BENEFIT PROTECTION ACT 

Eligibility Factors and Time Limitations Applicable to 

Eligible Employees for Severance Benefits 

UWW Holdings, Inc. (the “Company”) has decided to terminate the employment of certain of its employees in connection with a
proposed sale. Employees receiving notification of termination of their employment in connection therewith may be eligible to receive severance benefits in exchange for their execution of (and subject to) the attached Letter Agreement (the
“Agreement”) in accordance with the terms set forth therein. 
 Each selected employee age forty (40) or over will
have at least forty-five (45) days from such employee’s receipt of the Agreement and this disclosure information to provide the Company with a fully executed Agreement in order to receive the severance benefits pursuant to the Agreement.
Employees age forty (40) or over who timely execute and return the Agreement will have a period of seven (7) calendar days from the date that the Agreement is signed to revoke it by delivering written notice of revocation as provided in
the Agreement. 
 The job titles and ages of all of the Company employees within the same decisional unit who are, and are not, selected for
termination are listed below. 
  

							
	 Titles
	  	Age	  	Selected	  	Not SelectedEX-10.8

 Exhibit 10.8 

VERITIV CORPORATION 

2014 OMNIBUS INCENTIVE PLAN 

(As Adopted and Effective on June 30, 2014) 

ARTICLE I 
 Purpose; Eligibility

 Section 1.1 General Purpose. This Veritiv Corporation 2014 Omnibus Incentive Plan, as may be amended from time to time
(the “Plan”), has the following purposes: (1) to attract and retain employees, consultants and directors who will contribute to the long-range success of Veritiv Corporation (the “Company”) and its Subsidiaries
(as defined herein); (2) to provide incentives that align the interests of employees, consultants and directors of the Company and its Subsidiaries with those of the shareholders of the Company; and (3) to promote the success of the
Company’s business. 
 Section 1.2 Eligible Award Recipients. The persons eligible to receive Awards are the Service
Providers of the Company and its Subsidiaries and such other individuals designated by the Committee who are reasonably expected to become Service Providers after the receipt of Awards. 

Section 1.3 Available Awards. Awards that may be granted under the Plan include Options, Stock Purchase Rights, Restricted Stock,
Restricted Stock Units, Performance Shares, Performance Units, SARs, Dividend Equivalents, Deferred Share Units or other Stock-Based Awards. 

ARTICLE II 
 Definitions

 Whenever the following terms are used in this Plan, they shall have the meanings specified below unless the context clearly indicates
to the contrary. The singular pronoun shall include the plural where the context so indicates. 
 “Administrator” shall
mean the Board or any committee of the Board designated by the Board to administer the Plan. To the extent Section 162(m) of the Code is applicable to the Company and the Plan, and for those Awards intended to qualify as performance-based
compensation under Section 162(m) of the Code, the Administrator shall mean the Compensation and Leadership Development Committee of the Board (the “Compensation Committee”) or such other committee or subcommittee of the Board
or the Compensation Committee as the Board or the Compensation Committee shall designate, consisting of two or more members, each of whom is a “non-employee director” within the meaning of Rule 16b-3, as promulgated under the Exchange
Act, and an “outside director” within the meaning of Section 162(m) of the Code and Treasury Regulations Section 1.162-27(e)(3) or any successor to such statute and regulation. 

“Affiliate” shall mean, with respect to any Person, any other Person directly or indirectly controlling, controlled by or
under common control with, such Person where “control” shall have the meaning given such term under Rule 405 of the Securities Act. 

“Alternative Award” shall have the meaning set forth in Section 14.1. 

“Applicable Laws” shall mean the requirements relating to the administration of stock option, restricted stock, restricted
stock unit and other equity-based compensation plans under U.S. state corporate laws, U.S. federal and state securities laws, the Code, any stock exchange or quotation system on which any shares of Company Common Stock are listed or quoted and the
applicable laws of any other country or jurisdiction where Awards are granted under the Plan. 
 “Award” shall mean any
right granted under the Plan, including an Option, Stock Purchase Right, Restricted Stock, Restricted Stock Unit, Performance Share, Performance Unit, SAR, Dividend Equivalent, Deferred Share Unit or other Stock-Based Award granted to a Participant
pursuant to the Plan, including an Award combining two or more types of Awards into a single grant. 
 “Award Agreement”
shall mean any written agreement, contract or other instrument or document evidencing the terms and conditions of an individual Award granted under the Plan, including the rights and obligations of the Participant upon the issuance of Company Common
Stock subject to an Award. The Administrator may provide for the use of electronic, internet or other non-paper Award Agreements, and the use of electronic, internet or other non-paper means for the Participant’s acceptance of, or actions
under, an Award Agreement unless otherwise expressly specified herein. In the event of any inconsistency or conflict between the express terms of the Plan and the express terms of an Award Agreement, the express terms of the Plan shall govern. 

 “Base Price” shall have the meaning set forth below in the definition of Stock
Appreciation Right. 
 “Board” shall mean the Board of Directors of the Company, as constituted at any time. 

“Cause” shall, as to any Award granted to a Participant, have the meaning provided in the Award Agreement or the
Participant’s employment agreement with the Company or a Subsidiary (including, without limitation, offer letters), or, if there is no such definition in any such agreement, “Cause” shall include, but is not limited to, misconduct or
other activity detrimental to the business interest or reputation of the Company or continued unsatisfactory job performance without making reasonable efforts to improve. Examples include insubordination, protracted or repeated absence from work
without permission, illegal activity, disorderly conduct, etc. A termination for Cause shall be deemed to include a determination by the Administrator following a Participant’s termination of employment that circumstances existing prior to such
termination would have entitled the Company or one of its Subsidiaries to have terminated such Participant’s employment for Cause. 

“Change in Control” shall mean the first to occur of any of the following events after the Effective Date: 

(a) the acquisition, directly or indirectly, by any Person (which, for purposes of this definition, shall include a
“group” (as defined in Section 13(d) of the Exchange Act)) of beneficial ownership of more than fifty percent (50%) of the combined voting power of the Company’s then outstanding voting securities, other than any such
acquisition by the Company, any of its Subsidiaries, any employee benefit plan of the Company or any of its Subsidiaries or any Affiliates of the foregoing; 

(b) the merger, consolidation or other similar transaction involving the Company, as a result of which Persons who were
holders of voting securities of the Company immediately prior to such merger, consolidation, or other similar transaction do not immediately thereafter beneficially own, directly or indirectly, more than fifty percent (50%) of the combined
voting power entitled to vote generally in the election of directors of the merged or consolidated company; 

(c) within any 24-month period, the Incumbent Directors shall cease to constitute at least a majority of the Board; 

(d) the approval by the Company’s shareholders of the liquidation or dissolution of the Company other than a
liquidation of the Company into any Subsidiary or a liquidation as a result of which Persons who were holders of voting securities of the Company immediately prior to such liquidation own, directly or indirectly, more than fifty percent
(50%) of the combined voting power entitled to vote generally in the election of directors of the entity that holds substantially all of the assets of the Company following such event; or 

(e) the sale, transfer or other disposition of all or substantially all of the assets of the Company to one or more
Persons that are not, immediately prior to such sale, transfer or other disposition, Affiliates of the Company; 
 in each case,
provided that, as to Awards subject to Section 409A of the Code, such event also constitutes a “change in control” within the meaning of Section 409A of the Code. In addition, notwithstanding the foregoing, a “Change
in Control” shall not be deemed to occur if the Company files for bankruptcy, liquidation or reorganization under the United States Bankruptcy Code or as a result of any restructuring that occurs as a result of any such. 

“Change in Control Price” shall mean the highest price per share of Company Common Stock offered in conjunction with any
transaction resulting in a Change in Control. If any part of the offered price is payable other than in cash, the value of the non-cash portion of the Change in Control Price shall be determined in good faith by the Administrator as constituted
immediately prior to the Change in Control. 
 “Code” shall mean the Internal Revenue Code of 1986, as amended. 

“Company” shall mean Veritiv Corporation, a Delaware corporation, and any successor thereto. 

“Company Common Stock” shall mean the common stock, par value $0.01 per share, of the Company and such other stock or
securities into which such common stock is hereafter converted or for which such common stock is exchanged. 
 “Compensation
Committee” shall have the meaning set forth above in the definition of Administrator. 

  
 2 

 “Competitive Activity” shall mean a Participant’s material breach of
restrictive covenants relating to noncompetition, nonsolicitation (of customers or employees) or preservation of confidential information, or other covenants having the same or similar scope, included in an Award Agreement or other agreement to
which the Participant and the Company or any of its Subsidiaries is a party. 
 “Consultant” shall mean any natural person
who is engaged by the Company or any of its Subsidiaries to render consulting or advisory services to such entity as an independent contractor. 

“Corporate Event” shall mean, as determined by the Administrator in its sole discretion, any transaction or event described
in Section 4.3(a) or any unusual or nonrecurring transaction or event affecting the Company, any Subsidiary of the Company, or the financial statements of the Company or any of its Subsidiaries, or changes in applicable laws, regulations or
accounting principles (including, without limitation, a recapitalization of the Company). 
 “Deferred Share Unit” shall
mean a unit credited to a Participant’s account in the books of the Company under Article X which represents the right to receive one Share of Company Common Stock or cash equal to the Fair Market Value thereof on settlement of the account.

 “Director” shall mean a member of the Board or a member of the board of directors of any Subsidiary of the Company. 

“Disability” shall mean (x) for Awards that are not subject to Section 409A of the Code,
“disability” as such term is defined in the long-term disability insurance plan or program of the Company or any Subsidiary then covering the Participant and (y) for Awards that are subject to Section 409A of the Code,
“disability” shall have the meaning set forth in Section 409A(a)(2)(c) of the Code; provided that with respect to Awards that are not subject to Section 409A, in the case of any Participant who, as of the date of
determination, is a party to an effective services, severance, consulting or employment agreement with the Company or any Subsidiary of the Company that employs such individual (including, without limitation, offer letters), “Disability”
shall have the meaning, if any, specified in such agreement. 
 “Dividend Equivalent” shall mean the right to receive
payments, in cash or in Shares, based on dividends paid with respect to Shares. 
 “Effective Date” shall mean the date as
of which this Plan is adopted by the Board. 
 “Eligible Representative” for a Participant shall mean such
Participant’s personal representative or such other person as is empowered under the deceased Participant’s will or the then applicable laws of descent and distribution to represent the Participant hereunder. 

“Employee” shall mean any individual classified as an employee by the Company or one of its Subsidiaries, whether such
employee is so employed at the time this Plan is adopted or becomes so employed subsequent to the adoption of this Plan, including any person to whom an offer of employment has been extended (except that any Award granted to such person shall be
conditioned on his or her commencement of service). A person shall not cease to be an Employee in the case of (a) any leave of absence approved by the Company or (b) transfers between locations of the Company or between the
Company, any of its Subsidiaries, or any successor to the foregoing. For purposes of Incentive Stock Options, no such leave may exceed three (3) months, unless reemployment upon expiration of such leave is guaranteed by statute or contract. If
reemployment upon expiration of a leave of absence approved by the Company is not so guaranteed, the employment relationship shall be deemed to have terminated on the first day immediately following such three (3)-month period, and such Incentive
Stock Option held by the Optionee shall cease to be treated as an Incentive Stock Option and shall be treated for tax purposes as a Non-qualified Stock Option on the first day immediately following a three (3)-month period from the date the
employment relationship is deemed terminated. 
 “Exchange Act” shall mean the Securities Exchange Act of 1934, as amended.

 “Executive Officer” shall mean each person who is an officer of the Company or any Subsidiary and who is subject to the
reporting requirements under Section 16(a) of the Exchange Act. 

  
 3 

 “Fair Market Value” of a Share as of any date of determination shall be: 

(a) If the Company Common Stock is listed on any established stock exchange or a national market system, then the closing price
on such date per Share as reported as quoted on such stock exchange or system shall be the Fair Market Value for the date of determination; 

(b) If there are no transactions in the Company Common Stock that are available to the Company on any date of determination
pursuant to clause (a) but transactions are available to the Company as of the immediately preceding trading date, then the Fair Market Value determined as of the immediately preceding trading date shall be the Fair Market Value for the date of
determination; or 
 (c) If neither clause (a) nor clause (b) shall apply on any date of determination, then the
Fair Market Value shall be determined in good faith by the Administrator with reference to (x) the most recent valuation of the Company Common Stock performed by an independent valuation consultant or appraiser of nationally recognized
standing selected by the Administrator, if any, (y) sales prices of securities issued to investors in any recent arm’s length transactions, and (z) any other factors determined to be relevant by the Administrator, and
such determination shall be conclusive and binding for all purposes. 
 “Good Reason” shall, in the case of any Participant
who, as of the date of determination, is a party to an employment, severance or similar agreement with the Company or any Subsidiary of the Company that employs such individual, have the meaning, if any, specified in such agreement (including,
without limitation, offer letters), provided, however that if there is no such employment, severance or similar agreement in which such term is defined, “Good Reason” shall have the meaning, if any, given such term in the applicable Award
Agreement. For the avoidance of doubt, if a Participant is not a party to any such an agreement defining “Good Reason” or its substantial equivalent, the “Good Reason” definition shall not apply to such Participant. 

“Grant Date” shall mean the date on which the Administrator adopts a resolution, or takes other appropriate action, expressly
granting an Award to a Participant that specifies the key terms and conditions of the Award or, if a later date is set forth in such resolution, then such date as is set forth in such resolution. 

“Incentive Stock Option” shall mean an Option which qualifies under Section 422 of the Code and is expressly designated
as an Incentive Stock Option in the Award Agreement. 
 “Incumbent Directors” shall mean individuals who, on the Effective
Date, constitute the Board; provided that any individual becoming a Director subsequent to the Effective Date whose election or nomination for election to the Board was approved by a vote of at least two-thirds of the Incumbent Directors then
on the Board (either by specific vote or by approval of the proxy statement of the Company in which such person is named as a nominee for Director without objection to such nomination) shall be an Incumbent Director. No individual initially elected
as a director of the Company as a result of an actual or threatened election contest with respect to the Directors or as a result of any other actual or threatened solicitation of proxies by or on behalf of any person other than the Board shall be
an Incumbent Director. 
 “normal retirement age” shall have the meaning set forth in the applicable Award Agreement or, if
not defined in the Award Agreement, pursuant to the customary policies of the Company. 
 “Non-qualified Stock Option”
shall mean an Option which is not an Incentive Stock Option. 
 “Non-U.S. Awards” shall have the meaning set forth in
Section 3.5. 
 “Option” shall mean an option to purchase Company Common Stock granted under the Plan. The term
“Option” includes both an Incentive Stock Option and a Non-qualified Stock Option. 
 “Option Price” shall have
the meaning set forth in Section 6.3. 
 “Optionee” shall mean a Participant to whom an Option or SAR is granted under
the Plan. 
 “Participant” shall mean any Service Provider who has been granted an Award pursuant to the Plan or, if
applicable, such other person who holds an outstanding Award. 

  
 4 

 “Performance Award” shall mean Performance Shares, Performance Units and all
other Awards that vest (in whole or in part) upon the achievement of specified Performance Goals. 
 “Performance Cycle”
shall mean the period of time selected by the Administrator during which performance is measured for the purpose of determining the extent to which a Performance Award has been earned or vested. 

“Performance Goals” shall mean the objectives established by the Administrator for a Performance Cycle pursuant to
Section 9.5 for the purpose of determining the extent to which a Performance Award has been earned or vested. 
 “Performance
Share” shall mean an Award granted pursuant to Article IX of the Plan of a contractual right to receive a number of Shares (or the cash equivalent thereof) upon the achievement, in whole or in part, of the applicable Performance Goals. 

“Performance Unit” shall mean a U.S. Dollar-denominated unit (or a unit denominated in the Participant’s local
currency) granted pursuant to Article IX of the Plan, payable in cash or in Shares upon the achievement, in whole or in part, of the applicable Performance Goals. 

“Person” shall mean an individual, partnership, corporation, limited liability company, business trust, joint stock company,
trust, unincorporated association, joint venture, governmental authority or any other entity of whatever nature. 
 “Plan”
shall have the meaning set forth in Section 1.1. 
 “Replacement Awards” shall mean Shares issued in assumption of, or
in substitution for, any outstanding awards of any entity acquired in any form or combination by the Company or any of its Subsidiaries. 

“Restricted Stock” shall mean an Award granted pursuant to Section 8.1. 

“Restricted Stock Unit” shall mean an Award granted pursuant to Section 8.2. 

“Securities Act” shall mean the Securities Act of 1933, as amended. 

“Service Provider” shall mean an Employee, Consultant or Director. 

“Share” shall mean a share of Company Common Stock. 

“Stock Appreciation Right” or “SAR” shall mean the right to receive a payment from the Company in cash
and/or Shares equal to the product of (i) the excess, if any, of the Fair Market Value of one Share on the exercise date over a specified price (the “Base Price”) fixed by the Administrator on the Grant Date (which
specified price shall not be less than the Fair Market Value of one Share on the Grant Date), multiplied by (ii) a stated number of Shares. 

“Stock-Based Award” shall have the meaning set forth in Section 11.1. 

“Stock Purchase Right” shall mean an Award granted pursuant to Section 11.2. 

“Subplans” shall have the meaning set forth in Section 3.5. 

“Subsidiary” shall mean any entity that is directly or indirectly controlled by the Company or any entity in which the
Company directly or indirectly has at least a 50% equity interest, provided that, to the extent required under Section 422 of the Code when granting an Incentive Stock Option, Subsidiary shall mean any corporation in an unbroken chain of
corporations beginning with such entity if each of the corporations other than the last corporation in the unbroken chain then owns stock possessing 50% or more of the total combined voting power of all classes of stock in one of the other
corporations in such chain. 
 “Termination of employment,” “termination of service” and any similar term
or terms shall mean, with respect to a Director who is not an Employee of the Company or any of its Subsidiaries, the date upon which such Director ceases to be a member of the Board, with respect to a Consultant who is not an Employee of the
Company or any of its Subsidiaries, the date upon which such Consultant ceases to provide consulting or advisory services to the Company or any of its Subsidiaries and, with respect to an 

  
 5 

 
Employee, the date the Participant ceases to be an Employee; provided that with respect to any Award subject to Section 409A of the Code, such terms shall mean “separation from
service,” as defined in Section 409A of the Code and the rules, regulations and guidance promulgated thereunder. A “termination of employment” or “termination of service” shall not occur if a Director, immediately upon
ceasing to be a member of the Board, becomes an Employee of the Company or any of its Subsidiaries or if an Employee, immediately upon termination of employment with the Company or any of its Subsidiaries, becomes or continues to serve as a member
of the Board. 
 “Withholding Taxes” shall mean the statutory minimum of any federal, state, local or foreign income taxes,
withholding taxes or employment taxes required to be withheld under Applicable Law. 
 ARTICLE III 

Administration 

Section 3.1 Administrator. The Plan shall be administered by the Administrator, which Administrator, unless otherwise determined
by the Board, shall be constituted to comply with Applicable Laws, including, without limitation, Section 16 of the Exchange Act and Section 162(m) of the Code. 

Section 3.2 Powers of the Administrator. Subject to the provisions of the Plan and, in the case of a committee, the specific
duties delegated by the Board to such Administrator, and subject to the approval of any relevant authorities, the Administrator shall have the authority in its discretion to: 

(a) determine the Fair Market Value; 

(b) select the Service Providers to whom Awards may from time to time be granted hereunder; 

(c) determine the type or types of Awards to be granted to each Participant; 

(d) determine the number of Awards to be granted and the number of Shares to which an Award will relate; 

(e) determine when Awards are to be granted under the Plan and the applicable Grant Date; 

(f) determine the terms and conditions of any Awards granted hereunder (including, without limitation, the exercise price, the
vesting provisions, the time or times when Awards may be exercised (which may be based on performance criteria), any vesting acceleration or waiver of forfeiture restrictions and any restriction or limitation regarding any Awards or the Company
Common Stock relating thereto) based in each case on such factors as the Administrator, in its sole discretion, shall determine; 

(g) determine all matters and questions related to the termination of service of a Service Provider with respect to any Award
granted to such Service Provider hereunder, including, but not by way of limitation of, all questions of whether a particular Service Provider has taken a leave of absence, all questions of whether a leave of absence taken by a particular Service
Provider constitutes a termination of service, and all questions of whether a termination of service of a particular Service Provider resulted from discharge for Cause; 

(h) approve forms of agreement for use under the Plan, which need not be identical for each Service Provider; 

(i) prescribe, amend and rescind rules and regulations relating to the Plan, including rules and regulations relating to
Subplans established for the purpose of satisfying applicable foreign laws; 
 (j) determine whether, to what extent, and
pursuant to what circumstances an Award may be settled in, or the exercise or purchase price of an Award may be paid in, cash, Company Common Stock, other Awards, or other property, or an Award may be canceled, forfeited or surrendered; 

(k) suspend or accelerate the vesting of any Award granted under the Plan; 

(l) amend any outstanding Awards as set forth in Section 15.2 hereof; 

(m) construe and interpret the terms of the Plan and Awards granted pursuant to the Plan and apply its provisions; 

(n) determine the effect of a Corporate Event under Section 4.3; 

(o) make decisions with respect to outstanding Awards that may become necessary upon a change in corporate control or an event
that triggers anti-dilution adjustments; 

  
 6 

 (p) authorize any person to execute, on behalf of the Company, any instrument
required to carry out the purposes of the Plan; 
 (q) interpret, administer, reconcile any inconsistency in, correct any
defect in and/or supply any omission in the Plan and any instrument or agreement relating to, or Award granted under, the Plan; and 

(r) make all other decisions and determinations that may be required pursuant to the Plan or as the Administrator deems
necessary or advisable to administer the Plan. 
 Section 3.3 Delegation by the Administrator. The Administrator may delegate,
subject to such terms or conditions or guidelines as it shall determine, to any officer or group of officers, or Director or group of Directors, of the Company or its Affiliates any portion of its authority and powers under the Plan with respect to
Participants who are not Executive Officers or non-employee Directors of the Board; provided that any delegation to one or more officers of the Company shall be subject to and comply with Section 157(c) of the Delaware General
Corporation Law (or successor provision). In addition, (i) with respect to any Award intended to qualify as “performance-based” compensation under Section 162(m) of the Code, the Administrator shall mean the Compensation
Committee or such other committee or subcommittee of the Board or the Compensation Committee as the Board or the Compensation Committee shall designate, consisting solely of two or more members, each of whom is an “outside director” within
the meaning of Section 162(m) of the Code and Treasury Regulations Section 1.162-27(e)(3) or any successor to such statute and regulation and (ii) with respect to any Award intended to qualify for the exemption contained in
Rule 16b-3 promulgated under the Exchange Act, the Administrator shall consist of solely two or more “non-employee directors” within the meaning of such rule, or, in the alternative, the entire Board. 

Section 3.4 Compensation, Professional Assistance, Administrator Decisions Final; Indemnification. The Administrator shall receive
no compensation for its services hereunder except as may be determined by the Board. All expenses and liabilities incurred by the Administrator in connection with the administration of the Plan shall be borne by the Company. The Administrator may,
in its discretion, elect to engage the services of attorneys, consultants, accountants, appraisers, brokers or other persons. The Administrator, the Company and its officers and Directors shall be entitled to rely upon the advice, opinions or
valuations of any such persons. All actions taken and all interpretations, decisions and determinations made by the Administrator shall be final, binding and conclusive upon all Participants, the Company and all other interested persons. The
Administrator’s determinations under the Plan need not be uniform and may be made by the Administrator selectively among persons who receive, or are eligible to receive, Awards under the Plan, whether or not such persons are similarly situated.
The Administrator (and its members) shall not be personally liable for any action, determination or interpretation made with respect to the Plan or the Awards, and the Administrator (and its members), in addition to such other rights of
indemnification as they may have as Directors or members of the Administrator, and to the extent allowed by Applicable Laws, shall be indemnified by the Company against the reasonable expenses, including attorney’s fees, actually incurred in
connection with any action, suit or proceeding or in connection with any appeal therein, to which the Administrator (and its members) may be party by reason of any such action, determination or interpretation. 

Section 3.5 Participants Based Outside the United States. To conform with the provisions of local laws and regulations, or with
local compensation practices and policies, in foreign countries in which the Company or any of its Subsidiaries or Affiliates operate, but subject to the limitations set forth herein regarding the maximum number of shares issuable hereunder and the
maximum Award to any single Participant, the Administrator may (i) modify the terms and conditions of Awards granted to Participants employed or providing services outside the United States (“Non-U.S. Awards”),
(ii) establish subplans with such modifications as may be necessary or advisable under the circumstances (“Subplans”) and (iii) take any action which it deems advisable to obtain, comply with or otherwise
reflect any necessary governmental regulatory procedures, exemptions or approvals with respect to the Plan. The Administrator’s decision to grant Non-U.S. Awards or to establish Subplans is entirely voluntary, and at the complete discretion of
the Administrator. The Administrator may amend, modify or terminate any Subplans at any time, and such amendment, modification or termination may be made without prior notice to the Participants. The Company, Subsidiaries, Affiliates and members of
the Administrator shall not incur any liability of any kind to any Participant as a result of any change, amendment or termination of any Subplan at any time. The benefits and rights provided under any Subplan or by any Non-U.S. Award
(x) are wholly discretionary and, although provided by either the Company, a Subsidiary or Affiliate, do not constitute regular or periodic payments and (y) except as otherwise required under Applicable Laws, are not to be
considered part of the Participant’s salary or compensation under the Participant’s employment with the Participant’s local employer for purposes of calculating any severance, resignation, redundancy or other end of service payments,
vacation, bonuses, long-term service awards, indemnification, pension or retirement benefits, or any other payments, benefits or rights of any kind. 

  
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 ARTICLE IV 

Shares Subject to Plan 

Section 4.1 Shares Subject to Plan. 

(a) Subject to Section 4.3, the aggregate number of Shares which may be issued under this Plan is 2,080,000, all of which may be issued
in the form of Incentive Stock Options under the Plan. The Shares issued under the Plan may be authorized but unissued, or reacquired Company Common Stock. No provision of this Plan shall be construed to require the Company to maintain the Shares in
certificated form. 
 (b) Upon the grant of an Award, the maximum number of Shares set forth in Section 4.1(a) shall be reduced by the
maximum number of Shares that are issued or may be issued pursuant to such Award. Upon the exercise, settlement or conversion of any Award or portion thereof, there shall again be available for grant under the Plan the number of Shares subject to
such Award or portion thereof minus the actual number of Shares issued in connection with such exercise, settlement or conversion. If any such Award or portion thereof is for any reason forfeited, canceled, expired or otherwise terminated without
the issuance of Shares, the Shares subject to such forfeited, canceled, expired or otherwise terminated Award or portion thereof shall again be available for grant under the Plan. If Shares are withheld from issuance with respect to an Award by the
Company in satisfaction of any tax withholding or similar obligations, such withheld Shares shall again be available for grant under the Plan. Awards which the Administrator reasonably determines will be settled in cash shall not reduce the Plan
maximum set forth in Section 4.1(a). Notwithstanding the foregoing, and except to the extent required by Applicable Law, Replacement Awards shall not be counted against Shares available for grant pursuant to this Plan. 

Section 4.2 Individual Award Limitations. Subject to Section 4.1(a) and Section 4.3, the following individual Award
limits shall apply to the extent Section 162(m) of the Code is applicable to the Company and the Plan, and for those Awards intended to qualify as performance-based compensation under Section 162(m) of the Code: 

(a) No Participant may be granted in any calendar year more than 1,000,000 Options, SARs or any other Award based solely on the
increase in value of the Shares from the Grant Date under the Plan. 
 (b) No Participant may be granted in any calendar year
more than 1,000,000 Performance Shares, shares of performance-based Restricted Stock, performance-based Restricted Stock Units or performance-based Dividend Equivalents under the Plan. 

(c) No Participant may be granted in any calendar year Performance Units or any other performance-based Award settled in cash
under the Plan with a value of more than US $10,000,000 (or the equivalent of such amount denominated in the Participant’s local currency). 

Section 4.3 Changes in Company Common Stock; Disposition of Assets and Corporate Events. 

(a) If and to the extent necessary or appropriate to reflect any stock dividend, extraordinary dividend, stock split or share combination or
any recapitalization, reorganization, merger, consolidation, combination, exchange of shares, spin-off, liquidation or dissolution of the Company or other similar transaction affecting the Company Common Stock (each, a “Corporate
Event”), the Administrator shall adjust the number and type of shares available for issuance under the Plan, the maximum number and type of shares subject to all Awards, the maximum number and type of shares with respect to which any one
person may be granted Awards during any period and the number, class and Option Price (if applicable) or Base Price (if applicable) of any outstanding Award, and/or make such substitution, revision or other provisions or take such other actions with
respect to any outstanding Award or the holder or holders thereof, in each case as it determines to be equitable. Without limiting the generality of the foregoing sentence, in the event of any such Corporate Event, the Administrator shall have the
power to make such changes as it deems appropriate in (i) the number and type of shares or other securities covered by outstanding Awards, (ii) the prices specified therein (if applicable), (iii) the securities,
cash or other property to be received upon the exercise, settlement or conversion of such outstanding Awards or otherwise to be received in connection with such outstanding Awards and (iv) and any applicable Performance Goals. After any
adjustment made by the Administrator pursuant to this Section 4.3, the number of shares subject to each outstanding Award shall be rounded down to the nearest whole number. 

(b) Any adjustment of an Award pursuant to this Section 4.3 shall be effected in compliance with Section 422 and 409A of the Code to
the extent applicable. 

  
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 Section 4.4 Award Agreement Provisions. The Administrator may include such further
provisions and limitations in any Award Agreement as it may deem equitable and in the best interests of the Company and its Subsidiaries. 

Section 4.5 Prohibition Against Repricing. Except to the extent (i) approved in advance by holders of a majority of
the Shares entitled to vote generally in the election of Directors or (ii) pursuant to Section 4.3 as a result of any Corporate Event, the Administrator shall not have the power or authority to reduce the exercise price of
outstanding Options or SARs or cancel, convert, exchange, replace, buyout or surrender outstanding Options or SARS in exchange for cash, other awards or Options or SARs with an exercise price that is less than the exercise price of the original
Options or SAR.s 
 ARTICLE V 

Granting of Options and SARs and Sale of Company Common Stock 

Section 5.1 Eligibility. Non-qualified Stock Options and SARs may be granted to Service Providers. Subject to Section 5.2,
Incentive Stock Options may only be granted to Employees. 
 Section 5.2 Qualification of Incentive Stock Options. No Employee
may be granted an Incentive Stock Option under the Plan if such Employee, at the time the Incentive Stock Option is granted, owns stock possessing more than ten (10) percent of the total combined voting power of all classes of stock of the
Company or any then existing Subsidiary of the Company or “parent corporation” (within the meaning of Section 424(e) of the Code) unless such Incentive Stock Option conforms to the applicable provisions of Section 422 of the
Code. 
 Section 5.3 Granting of Options and SARs to Service Providers. 

(a) Options and SARs. The Administrator may from time to time: 

(i) Select from among the Service Providers (including those to whom Options or SARs have been previously granted under the
Plan) such of them as in its opinion should be granted Options and/or SARs; 
 (ii) Determine the number of Shares to be
subject to such Options and/or SARs granted to such Service Provider, and determine whether such Options are to be Incentive Stock Options or Non-qualified Stock Options; and 

(iii) Determine the terms and conditions of such Options and SARs, consistent with the Plan. 

(b) SARs may be granted in tandem with Options or may be granted on a freestanding basis, not related to any Option. Unless otherwise
determined by the Administrator at the Grant Date or determined thereafter in a manner more favorable to the Participant, SARs granted in tandem with Options shall have substantially similar terms and conditions to such Options to the extent
applicable, or may be granted on a freestanding basis, not related to any Option. 
 (c) Upon the selection of a Service Provider to be
granted an Option or SAR under this Section 5.3, the Administrator shall issue, or shall instruct an authorized officer to issue, such Option or SAR and may impose such conditions on the grant of such Option or SAR as it deems appropriate.
Subject to Section 15.2 of the Plan, any Incentive Stock Option granted under the Plan may be modified by the Administrator, without the consent of the Optionee, even if such modification would result in the disqualification of such Option as
an “incentive stock option” under Section 422 of the Code. 
 ARTICLE VI 

Terms of Options and SARs 

Section 6.1 Award Agreement. Each Option and each SAR shall be evidenced by a written Award Agreement, which shall be executed by
the Optionee and an authorized officer and which shall contain such terms and conditions as the Administrator shall determine, consistent with the Plan. Award Agreements evidencing Incentive Stock Options shall contain such terms and conditions as
may be necessary to qualify such Options as “incentive stock options” under Section 422 of the Code. 
 Section 6.2
Exercisability and Vesting of Options and SARs. 
 (a) Each Option and SAR shall vest and become exercisable according to the terms
of the applicable Award Agreement; provided, however, that by a resolution adopted after an Option or SAR is granted the Administrator may, on such terms and conditions as it may determine to be appropriate, accelerate the time at
which such Option or SAR or any portion thereof may be exercised. 

  
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 (b) Except as otherwise provided by the Administrator or in the applicable Award Agreement, no
portion of an Option or SAR which is unexercisable on the date that an Optionee incurs a termination of service as a Service Provider shall thereafter become exercisable. 

(c) The aggregate Fair Market Value (determined as of the Grant Date of the Option) of all Shares with respect to which Incentive Stock
Options are first exercisable by a Service Provider in any calendar year may not exceed $100,000 or such other limitation as imposed by Section 422(d) of the Code, or any successor provision. To the extent that Incentive Stock Options are first
exercisable by a Participant in excess of such limitation, the excess shall be considered Non-qualified Stock Options. 
 (d) SARs granted
in tandem with an Option shall become vested and exercisable on the same date or dates as the Options with which such SARs are associated vest and become exercisable. SARs that are granted in tandem with an Option may only be exercised upon the
surrender of the right to exercise such Option for an equivalent number of Shares, and may be exercised only with respect to the Shares for which the related Option is then exercisable. 

Section 6.3 Option Price and Base Price. Excluding Replacement Awards, the per Share purchase price of the Shares subject to each
Option (the “Option Price”) and the Base Price of each SAR shall be set by the Administrator and shall be not less than 100% of the Fair Market Value of such Shares on the Grant Date of such Option or SAR. 

Section 6.4 Expiration of Options and SARs. No Option or SAR may be exercised after the first to occur of the following events:

 (a) The expiration of ten (10) years from the Grant Date of the Option or SAR; or 

(b) With respect to an Incentive Stock Option in the case of an Optionee owning (within the meaning of Section 424(d) of
the Code), at the time the Incentive Stock Option was granted, more than 10% of the total combined voting power of all classes of stock of the Company or any Subsidiary, the expiration of five (5) years from the date the Incentive Stock Option
was granted. 
 ARTICLE VII 

Exercise of Options and SARs 

Section 7.1 Person Eligible to Exercise. During the lifetime of the Optionee, only the Optionee may exercise an Option or SAR (or
any portion thereof) granted to him or her; provided, however, that the Optionee’s Eligible Representative may exercise his or her Option or SAR or portion thereof during the period of the Optionee’s Disability. After the
death of the Optionee, any exercisable portion of an Option or SAR may, prior to the time when such portion becomes unexercisable under the Plan or the applicable Award Agreement, be exercised by his or her Eligible Representative. 

Section 7.2 Partial Exercise. At any time and from time to time prior to the date on which the Option or SAR becomes unexercisable
under the Plan or the applicable Award Agreement, the exercisable portion of an Option or SAR may be exercised in whole or in part; provided, however, that the Company shall not be required to issue fractional Shares and the
Administrator may, by the terms of the Option or SAR, require any partial exercise to exceed a specified minimum number of Shares. 

Section 7.3 Manner of Exercise. Subject to any generally applicable conditions or procedures that may be imposed by the
Administrator, an exercisable Option or SAR, or any exercisable portion thereof, may be exercised solely by delivery to the Administrator or its designee of all of the following prior to the time when such Option or SAR or such portion becomes
unexercisable under the Plan or the applicable Award Agreement: 
 (a) Notice in writing signed by the Optionee or his or her
Eligible Representative, stating that such Option or SAR or portion thereof is being exercised, and specifically stating the number of Shares with respect to which the Option or SAR is being exercised (which form of notice shall be provided by the
Administrator upon request and may be electronic); 

  
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 (b) (i) With respect to the exercise of any Option, full payment (in cash (through wire
transfer only) or by personal, certified, or bank cashier check) of the aggregate Option Price of the Shares with respect to which such Option (or portion thereof) is thereby exercised; or 

(ii) With the consent of the Administrator, (A) Shares owned by the Optionee duly endorsed for transfer to the
Company or (B) Shares issuable to the Optionee upon exercise of the Option, with a Fair Market Value on the date of Option exercise equal to the aggregate Option Price of the Shares with respect to which such Option (or portion thereof)
is thereby exercised; or 
 (iii) With the consent of the Administrator, payment of the Option Price through a
broker-assisted cashless exercise program established by the Company or other “cashless”, or net issuance, basis; or 

(iv) With the consent of the Administrator, any form of payment of the Option Price permitted by Applicable Laws and any
combination of the foregoing methods of payment. 
 (c) Full payment to the Company (in cash or by personal, certified or
bank cashier check or by any other means of payment approved by the Administrator) of all minimum amounts necessary to satisfy any and all Withholding Taxes arising in connection with the exercise of the Option or SAR (notice of the amount of which
shall be provided by the Administrator as soon as practicable following receipt by the Administrator of the notice of exercise); 

(d) Such representations and documents as the Administrator deems necessary or advisable to effect compliance with all
applicable provisions of the Securities Act and any other federal or state securities laws or regulations. The Administrator shall provide the Optionee or Eligible Representative with all such representations and documents as soon as practicable
following receipt by the Administrator of the notice of exercise. The Administrator may, in its sole discretion, also take whatever additional actions it deems appropriate to effect such compliance including, without limitation, placing legends on
share certificates and issuing stop-transfer orders to transfer agents and registrars; and 
 (e) In the event that the
Option or SAR or portion thereof shall be exercised as permitted under Section 7.1 by any person or persons other than the Optionee, appropriate proof of the right of such person or persons to exercise the Option or SAR or portion thereof. 

Section 7.4 Optionee Representations. The Administrator, in its sole discretion, may require an Optionee to make certain
representations or acknowledgements on or prior to the purchase of any Shares pursuant to any Option or SAR granted under this Plan, in respect thereof including, without limitation, that the Optionee is acquiring the Shares for an investment
purpose and not for resale, and, if the Optionee is an Affiliate, additional acknowledgements regarding when and to what extent any transfers of such Shares may occur. 

Section 7.5 Settlement of SARs. Unless otherwise determined by the Administrator, upon exercise of a SAR, the Participant shall be
entitled to receive payment in the form, determined by the Administrator, of Shares, or cash, or a combination of Shares and cash having an aggregate value equal to the amount determined by multiplying: 

(a) any increase in the Fair Market Value of one Share on the exercise date over the Base Price of such SAR, by 

(b) the number of Shares with respect to which such SAR is exercised; provided, however, that on the Grant Date,
the Administrator may establish, in its sole discretion, a maximum amount per Share that may be payable upon exercise of a SAR, and provided, further, that in no event shall the value of the Company Common Stock or cash delivered on
exercise of a SAR exceed the excess of the Fair Market Value of the Shares with respect to which the SAR is exercised over the Fair Market Value of such Shares on the Grant Date of such SAR. 

Section 7.6 Conditions to Issuance of Shares. The Company shall evidence the issuance of Shares delivered upon exercise of an
Option or SAR in the books and records of the Company or in a manner determined by the Company. Notwithstanding the above, the Company shall not be required to effect the issuance of any Shares purchased upon the exercise of any Option or SAR or
portion thereof prior to fulfillment of all of the following conditions: 
 (a) The admission of such Shares to listing on
any and all stock exchanges on which such class of Company Common Stock is then listed; 
 (b) The completion of any
registration or other qualification of such Shares under any state or federal law or under the rulings or regulations of the U.S. Securities and Exchange Commission or any other local, state, federal or foreign governmental regulatory body, which
the Administrator shall, in its sole discretion, deem necessary or advisable; 

  
 11 

 (c) The obtaining of any approval or other clearance from any state or federal
governmental agency which the Administrator shall, in its sole discretion, determine to be necessary or advisable; and 
 (d)
The payment to the Company (or its Subsidiary, as applicable) of all amounts which it is required to withhold under Applicable Law in connection with the exercise of the Option or SAR. 

The Administrator shall not have any liability to any Optionee for any delay in the delivery of Shares to be issued upon an Optionee’s exercise of an
Option or SAR. 
 Section 7.7 Rights as Stockholders. The holder of an Option or SAR shall not be, nor have any of the rights or
privileges of, a stockholder of the Company in respect of any Shares purchasable upon the exercise of any part of an Option or SAR unless and until the Shares attributable to the exercise of the Option or SAR have been issued by the Company to such
holder and, unless otherwise determined by the Administrator, such holder has made such representations and provided such documents as the Administrator deems necessary or advisable to effect compliance with all applicable provisions of the
Securities Act and any other federal or state securities laws or regulations. 
 Section 7.8 Transfer Restrictions. Unless
otherwise determined by the Administrator, the Shares acquired upon exercise of an Option or SAR shall be subject to the terms and conditions of the Award Agreement and such other terms and conditions as the Administrator shall determine. In
addition, the Administrator, in its sole discretion, may set forth in an Award Agreement such further restrictions on the transferability of the Shares purchasable upon the exercise of an Option or SAR as it deems appropriate. Any such restriction
may be referred to in the Share register maintained by the Company or otherwise in a manner reflecting its applicability to the Shares. The Administrator may require the Employee to give the Company prompt notice of any disposition of Shares
acquired by exercise of an Incentive Stock Option, within two (2) years from the Grant Date of such Option or one (1) year after the transfer of such Shares to such Employee. The Administrator may cause the Share register maintained by the
Company to refer to such requirement. 
 ARTICLE VIII 

Restricted Stock Awards and Restricted Stock Unit Awards 

Section 8.1 Restricted Stock. 

(a) Grant of Restricted Stock. The Administrator is authorized to make Awards of Restricted Stock to any Service Provider selected by
the Administrator in such amounts and subject to such terms and conditions as determined by the Administrator. All Awards of Restricted Stock shall be evidenced by an Award Agreement. 

(b) Issuance and Restrictions. Restricted Stock shall be subject to such restrictions on transferability and other restrictions as the
Administrator may impose (including, without limitation, limitations on the right to vote Restricted Stock or the right to receive dividends on the Restricted Stock). These restrictions may lapse separately or in combination at such times, pursuant
to such circumstances, in such installments, or otherwise, as the Administrator determines on the Grant Date of the Award or thereafter. 

(c) Issuance of Restricted Stock. The issuance of Restricted Stock granted pursuant to the Plan may be evidenced in such manner as the
Administrator shall determine; provided, that, no provision of this Plan shall be construed to require the Company to maintain the Shares in certificated form. 

Section 8.2 Restricted Stock Units. The Administrator is authorized to make Awards of Restricted Stock Units to any Service
Provider selected by the Administrator in such amounts and subject to such terms and conditions as determined by the Administrator. On the Grant Date, the Administrator shall specify the date or dates on which the Restricted Stock Units shall become
fully vested and nonforfeitable, and may specify such conditions to vesting as it deems appropriate. On the Grant Date, the Administrator shall specify the settlement date applicable to each grant of Restricted Stock Units which shall be no earlier
than the vesting date or dates of the Award and may be determined at the election of the grantee. Unless otherwise provided in an Award Agreement, on the settlement date, the Company shall, subject to the terms of this Plan (including satisfaction
of applicable Withholding Taxes), transfer to the Participant one Share for each Restricted Stock Unit scheduled to be paid out on such date and not previously forfeited. The Administrator shall specify the purchase price, if any, to be paid by the
grantee to the Company for such Shares. 
 Section 8.3 Rights as a Stockholder. A Participant shall not be, nor have any of the
rights or privileges of, a stockholder in respect of Restricted Stock Units awarded pursuant to the Plan unless and until the Shares attributable to such Restricted Stock Units 

  
 12 

 
have been issued to such Participant and, unless otherwise determined by the Administrator, such Participant has made such representations and provided such documents as the Administrator deems
necessary or advisable to effect compliance with all applicable provisions of the Securities Act and any other federal or state securities laws or regulations. 

ARTICLE IX 
 Performance Shares
and Performance Units 
 Section 9.1 Grant of Performance Awards. The Administrator is authorized to make Awards of
Performance Shares and Performance Units to any Participant selected by the Administrator in such amounts and subject to such terms and conditions as determined by the Administrator. All Performance Shares and Performance Units shall be evidenced by
an Award Agreement. 
 Section 9.2 Issuance and Restrictions. The Administrator shall have the authority to determine the
Participants who shall receive Performance Shares and Performance Units, the number of Performance Shares and the number and value of Performance Units each Participant receives for any Performance Cycle, and the Performance Goals applicable in
respect of such Performance Shares and Performance Units for each Performance Cycle. The Administrator shall determine the duration of each Performance Cycle (the duration of Performance Cycles may differ from one another), and there may be more
than one Performance Cycle in existence at any one time. An Award Agreement evidencing the grant of Performance Shares or Performance Units shall specify the number of Performance Shares and the number and value of Performance Units awarded to the
Participant, the Performance Goals applicable thereto, and such other terms and conditions not inconsistent with the Plan as the Administrator shall determine. No Company Common Stock will be issued at the time an Award of Performance Shares is
made, and the Company shall not be required to set aside a fund for the payment of Performance Shares or Performance Units. 

Section 9.3 Earned Performance Shares and Performance Units. Performance Shares and Performance Units shall become earned, in
whole or in part, based upon the attainment of specified Performance Goals or the occurrence of any event or events, as the Administrator shall determine, either in an Award Agreement or thereafter on terms more favorable to the Participant;
provided, that, as to any such Award subject to Section 162(m), to the extent consistent with Section 162(m). In addition to the achievement of the specified Performance Goals, the Administrator may condition payment of
Performance Shares and Performance Units on such other conditions as the Administrator shall specify in an Award Agreement. The Administrator may also provide in an Award Agreement for the completion of a minimum period of service (in addition to
the achievement of any applicable Performance Goals) as a condition to the vesting of any Performance Share or Performance Unit Award. 

Section 9.4 Rights as a Stockholder. A Participant shall not have any rights as a stockholder in respect of Performance Shares or
Performance Units awarded pursuant to the Plan (including, without limitation, to the right to vote on any matter submitted to the Company’s stockholders) unless and until the Shares attributable to such Performance Shares or Performance Units
have been issued to such Participant or his or her beneficiary and, unless otherwise determined by the Administrator, such Participant has made such representations and provided such documents as the Administrator deems necessary or advisable to
effect compliance with all applicable provisions of the Securities Act and any other federal or state securities laws or regulations. 

Section 9.5 Performance Goals. The Administrator shall establish the Performance Goals that must be satisfied in order for a
Participant to receive an Award for a Performance Period or for an Award of Performance Shares or Performance Units to be earned or vested. At the discretion of the Administrator, the Performance Goals may be based upon (alone or in combination):
(a) net or operating income (before or after taxes) or other income measures; (b) earnings before taxes, interest, depreciation and/or amortization (“EBITDA”); (c) net income before equity in
earnings of unconsolidated Subsidiary, income tax expense, loss on early debt extinguishment, interest and other (expense) income, realized gain (loss) on investments, interest expense, equity-based compensation expense, related party management
fees, restructuring charges and depreciation and amortization expense and net income attributable to noncontrolling interests (“Adjusted EBITDA”); (d) basic or diluted earnings per share or improvement in basic or
diluted earnings per share; (e) sales (including, but not limited to, total sales, net sales and revenue growth); (f) profit (including, but not limited to, net profit, gross profit, operating profit, net operating profit,
economic profit or other corporate profit measures); (g) financial return measures (including, but not limited to, return on assets, income, capital, invested capital, equity, investments, sales and revenue); (h) cash flow
measures (including, but not limited to, operating cash flow, free cash flow, cash flow return on equity and cash flow return on investment); (i) productivity ratios (including, but not limited to, measuring liquidity, profitability and
leverage); (j) share price (including, but not limited to, growth measures and total shareholder return); (k) expense/cost management targets (including, but not limited, to expense management, expense ratio, expense
efficiency ratios or other expense measures); (l) margins (including, but not limited to, operating margin, net income margin, cash margin, gross, net or operating profit margins, EBITDA margins and Adjusted EBITDA margins);
(m) operating efficiency; (n) market share or market penetration; (o) customer targets (including, but not limited to, customer growth and customer satisfaction); (p) working capital targets or
improvements; (q) economic value added; 

  
 13 

 
(r) balance sheet metrics (including, but not limited to, inventory, inventory turns, receivables turnover, net asset turnover, total debt, net debt, debt reduction, retained
earnings, year-end cash, cash conversion cycle and ratio of debt to equity or to EBITDA); (s) workforce targets (including, but not limited to, diversity goals, employee engagement or satisfaction, employee retention and workplace health
and safety goals); (t) implementation, completion or attainment of measurable objectives with respect to research and development, key products or key projects, lines of business, acquisitions and divestitures and strategic plan
development and/or implementation; (u) comparisons with various stock market indices, peer companies or industry groups or classifications with regard to one more of these criteria, (v) improvements in capital structure,
(w) business expansion or consolidation (acquisitions and divestitures), (x) internal rate of return or increase in net present value, (y) productivity measures, (z) cost reduction measures or, for any
period of time in which Section 162(m) is not applicable to the Company and the Plan, or at any time in the case of (A) persons who are not “covered employees” under Section 162(m) of the Code or
(B) Awards (whether or not to “covered employees”) not intended to qualify as performance-based compensation under Section 162(m) of the Code, such other criteria as may be determined by the Administrator. 

Performance Goals may be established on a Company-wide basis or with respect to one or more Subsidiaries or Affiliates or business units,
divisions, regions, departments, functions or products within the Company, a Subsidiary or Affiliate and may be expressed in absolute terms, or an adjusted basis, in percentages, or in terms of growth from period to period or growth rates over time,
or measured relative to (i) current internal targets or budgets, (ii) the past performance of the Company (including the performance of one or more Subsidiaries, divisions or operating units), (iii) the
performance of one or more similarly situated companies, (iv) the performance of an index covering a peer group of companies or (v) other external measures of the selected performance criteria. Performance Goals need not be
based upon an increase or positive result under a business criterion and could include, for example, the maintenance of the status quo or the limitation of economic losses (measured, in each case, by reference to a specific business criterion). Any
performance objective may measure performance on an individual basis, as appropriate. The Administrator may provide for a threshold level of performance below which no Shares or compensation will be granted or paid in respect of Performance Shares
or Performance Units, and a maximum level of performance above which no additional Shares or compensation will be granted or paid in respect of Performance Shares or Performance Units, and it may provide for differing amounts of Shares or
compensation to be granted or paid in respect of Performance Shares or Performance Units for different levels of performance. When establishing Performance Goals for a Performance Cycle, the Administrator may determine that any or all
“extraordinary items” as determined under U.S. generally accepted accounting principles and as identified in the financial statements, notes to the financial statements or management’s discussion and analysis in the annual report,
including, without limitation, the charges or costs associated with restructurings of the Company, discontinued operations, extraordinary items, capital gains and losses, dividends, Share repurchase, other unusual or non-recurring items, and the
cumulative effects of accounting changes shall be excluded from the determination as to whether the Performance Goals have been met. Except in the case of Awards to “covered employees” intended to be performance-based compensation under
Section 162(m) of the Code, the Administrator may also adjust the Performance Goals for any Performance Cycle as it deems equitable in recognition of unusual or non-recurring events affecting the Company, changes in applicable tax laws or
accounting principles, or such other factors as the Administrator may determine. 
 Section 9.6 Special Rule for Performance
Goals. If, at the time of grant, the Administrator intends a Performance Share Award, Performance Unit or other Performance Award to qualify as performance-based compensation within the meaning of Section 162(m) of the Code, the
Administrator must establish Performance Goals for the applicable Performance Cycle prior to the 91st day of the Performance Cycle (or by such other date as may be required under
Section 162(m) of the Code) and not later than the date on which 25% of the Performance Cycle has elapsed. 
 Section 9.7
Negative Discretion. Notwithstanding anything in this Article IX to the contrary, the Administrator shall have the right, in its absolute discretion, (i) to reduce or eliminate the amount otherwise payable to any Participant under
Section 9.8 based on individual performance or any other factors that the Administrator, in its discretion, shall deem appropriate and (ii) to establish rules or procedures that have the effect of limiting the amount payable to each
Participant to an amount that is less than the maximum amount otherwise authorized under the Award or under the Plan. 
 Section 9.8
Certification of Attainment of Performance Goals. As soon as practicable after the end of a Performance Cycle and prior to any payment or vesting in respect of such Performance Cycle, the Administrator shall certify in writing the number of
Performance Shares or other Performance Awards and the number and value of Performance Units that have been earned or vested on the basis of performance in relation to the established Performance Goals. 

Section 9.9 Payment of Awards. Payment or delivery of Company Common Stock with respect to earned Performance Shares and earned
Performance Units shall be made to the Participant or, if the Participant has died, to the Participant’s Eligible Representative, as soon as practicable after the expiration of the Performance Cycle and the Administrator’s certification
under 

  
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Section 9.8 above and (unless an applicable Award Agreement shall set forth one or more other dates) in any event no later than the earlier of (i) ninety (90) days after the
end of the fiscal year in which the Performance Cycle has ended and (ii) ninety (90) days after the expiration of the Performance Cycle. The Administrator shall determine and set forth in the applicable Award Agreement whether
earned Performance Shares and the value of earned Performance Units are to be distributed in the form of cash, Shares or in a combination thereof, with the value or number of Shares payable to be determined based on the Fair Market Value of the
Company Common Stock on the date of the Administrator’s certification under Section 9.8 above or such other date specified in the Award Agreement. The Administrator may, in an Award Agreement with respect to the award or delivery of
Shares, condition the vesting of such Shares on the performance of additional service. 
 Section 9.10 Newly Eligible
Participants. Notwithstanding anything in this Article IX to the contrary, the Administrator shall be entitled to make such rules, determinations and adjustments as it deems appropriate with respect to any Participant who becomes eligible to
receive Performance Shares, Performance Units or other Performance Awards after the commencement of a Performance Cycle. 
 ARTICLE X 

Deferred Share Units 

Section 10.1 Grant. Subject to Article III, the Administrator is authorized to make awards of Deferred Share Units to any
Participant selected by the Administrator at such time or times as shall be determined by the Administrator without regard to any election by the Participant to defer receipt of any compensation or bonus amount payable to him. Upon the grant of
Deferred Share Units pursuant to the Plan, the Company shall establish a notional account for the Participant and will record in such account the number of Deferred Share Units awarded to the Participant. No Shares will be issued to the Participant
at the time an award of Deferred Share Units is granted. Subject to Article III, Deferred Share Units may become payable on a Corporate Event, Change in Control, termination of employment or on a specified date or dates or a specified event or
events set forth in the Award Agreement evidencing such Deferred Share Units. 
 Section 10.2 Rights as a Stockholder. A
Participant shall not be, nor have any of the rights and privileges of, a stockholder of the Company in respect of Deferred Share Units awarded pursuant to the Plan unless and until the Shares attributable to such Deferred Share Units have been
issued to such Participant and, unless otherwise determined by the Administrator, such Participant has made such representations and provided such documents as the Administrator deems necessary or advisable to effect compliance with all applicable
provisions of the Securities Act and any other federal or state securities laws or regulations. 
 Section 10.3 Vesting. Unless
the Administrator provides otherwise on the Grant Date or provides thereafter in a manner more favorable to the Participant, Deferred Share Units shall be fully vested and nonforfeitable when granted. 

Section 10.4 Further Deferral Elections. A Participant may elect to further defer receipt of Shares issuable in respect of
Deferred Share Units (or an installment of an Award) for a specified period or until a specified event and in a manner consistent with Section 409A of the Code, subject in each case to the Administrator’s approval and to such terms as are
determined by the Administrator, all in its sole discretion. Subject to any exceptions adopted by the Administrator, such election must generally be made at least twelve (12) months prior to the prior settlement date of such Deferred Share
Units (or any such installment thereof) and must defer settlement for at least five (5) years after such prior settlement date. A further deferral opportunity does not have to be made available to all Participants, and different terms and
conditions may apply with respect to the further deferral opportunities made available to different Participants. 
 Section 10.5
Settlement. Subject to this Article X, upon the date specified in the Award Agreement evidencing the Deferred Share Units, for each such Deferred Share Unit the Participant shall receive, as specified in the Award Agreement (and subject to
satisfaction of applicable withholding taxes), (i) a cash payment equal to the Fair Market Value of one (1) Share as of such payment date, (ii) one (1) Share or (iii) any combination of clauses (i)
and (ii). 

  
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 ARTICLE XI 

Other Stock-Based Awards 

Section 11.1 Grant of Stock-Based Awards. The Administrator is authorized to make Awards of other types of equity-based or
equity-related awards (“Stock-Based Awards”) not otherwise described by the terms of the Plan in such amounts and subject to such terms and conditions as the Administrator shall determine. All Stock-Based Awards shall be evidenced
by an Award Agreement. Such Stock-Based Awards may be granted as an inducement to enter the employ of the Company or any Subsidiary or in satisfaction of any obligation of the Company or any Subsidiary to an officer or other key employee, whether
pursuant to this Plan or otherwise, that would otherwise have been payable in cash or in respect of any other obligation of the Company. Such Stock-Based Awards may entail the transfer of actual Shares, or payment in cash or otherwise of amounts
based on the value of Shares and may include, without limitation, Awards designed to comply with or take advantage of the applicable local laws of jurisdictions other than the United States. 

Section 11.2 Sale of Company Common Stock to Service Providers. The Administrator, acting in its sole discretion, may from time to
time designate one or more Service Providers to whom an offer to sell Shares shall be made and the terms and conditions thereof, provided, however, that the price per Share shall not be less than the Fair Market Value of such Shares on
the date any such offer is accepted. Any Shares sold under this Section 11.2 shall be subject to the same limitations, restrictions and administration hereunder as would apply to any Shares issued pursuant to the exercise of an Option under
this Plan including, without limitation, conditions and restrictions set forth in Section 7.6 above. Unless otherwise determined by the Administrator, Shares acquired pursuant to this Section 11.2 shall also be subject to the terms and
conditions of an Award Agreement, which shall be executed by the Participant and an authorized officer. 
 Section 11.3 Automatic
Grants for Directors. The Administrator may institute, by resolution, grants of automatic Awards to new and continuing Directors, with the number and type of such Awards, the frequency of grant and all related terms and conditions, including any
applicable vesting conditions, as determined by the Administrator in its sole discretion. 
 ARTICLE XII 

Dividend Equivalents 

Section 12.1 Generally. Dividend Equivalents may be granted to Participants at such time or times as shall be determined by the
Administrator. Dividend Equivalents may be granted in tandem with other Awards, in addition to other Awards, or freestanding and unrelated to other Awards. Dividend Equivalents may, at the discretion of the Administrator, be fully vested and
nonforfeitable when granted or subject to such vesting conditions as determined by the Administrator. For the avoidance of doubt, Dividend Equivalents with respect to Awards (including any performance-based awards) shall not be fully vested until
the Awards have been earned and shall be forfeited if the related Award is forfeited. Dividend Equivalents shall be evidenced in writing, whether as part of the Award Agreement governing the terms of the Award, if any, to which such Dividend
Equivalent relates, or pursuant to a separate Award Agreement with respect to freestanding Dividend Equivalents, in each case, containing such provisions not inconsistent with the Plan as the Administrator shall determine, including customary
representations, warranties and covenants with respect to securities law matters. 
 ARTICLE XIII 

Termination and Forfeiture 

Section 13.1 Termination for Cause. Unless otherwise determined by the Administrator at the Grant Date and set forth in the Award
Agreement covering the Award or otherwise in writing or determined thereafter in a manner more favorable to the Participant, if a Participant’s employment or service terminates for Cause, all Options and SARs, whether vested or unvested, and
all other Awards that are unvested or unexercisable or otherwise unpaid (or were unvested or unexercisable or unpaid at the time of occurrence of Cause) shall be immediately forfeited and canceled, effective as of the date of the Participant’s
termination of service. 
 Section 13.2 Termination for Any Other Reason. Unless otherwise determined by the Administrator at
the Grant Date and set forth in the Award Agreement covering the Award or otherwise in writing or determined thereafter in a manner more favorable to the Participant, if a Participant’s employment or service terminates for any reason other than
Cause: 
 (a) All Awards that are unvested or unexercisable shall be immediately forfeited and canceled, effective as of the
date of the Participant’s termination of service; 
 (b) All Options and SARs that are vested shall remain outstanding
until the earliest of the following: (x) in the case of termination for death, Disability or retirement at normal retirement age, the 180th day following the date of the Participant’s death, Disability or retirement at normal
retirement age, (y) the three-month anniversary of the effective date of the Participant’s termination for any reason other than death, Disability or retirement at normal retirement age or (z) the Award’s normal
expiration date, after which any unexercised Options and SARs shall immediately terminate; and 

  
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 (c) All Awards other than Options and SARs that are vested shall be treated as
set forth in the applicable Award Agreement (or in any more favorable manner determined by the Administrator). 
 Section 13.3
Post-Termination Informational Requirements. Before the settlement of any Award following termination of employment or service, the Administrator may require the Participant (or the Participant’s Eligible Representative, if applicable)
to make such representations and provide such documents as the Administrator deems necessary or advisable to effect compliance with Applicable Law and determine whether the provisions of Section 13.1 or Section 13.4 may apply to such
Award. 
 Section 13.4 Forfeiture of Awards. Awards granted under this Plan (and gains earned or accrued in connection with
Awards) shall be subject to such generally applicable policies as to forfeiture and recoupment (including, without limitation, upon the occurrence of material financial or accounting errors, financial or other misconduct, Competitive Activity or
other conduct by the Participant that is detrimental to the business or reputation of the Company and/or its Affiliates) as may be adopted by the Administrator or the Board from time to time and communicated to Participants. Any such policies may
(in the discretion of the Administrator or the Board) be applied to outstanding Awards at the time of adoption of such policies, or on a prospective basis only. The Administrator may specify in an Award Agreement that the Participant’s rights,
payments and benefits with respect to an Award shall be subject to reduction, cancellation, forfeiture or recoupment upon the occurrence of certain events (including, without limitation, upon the occurrence of material financial or accounting
errors, financial or other misconduct, Competitive Activity or other conduct by the Participant that is detrimental to the business or reputation of the Company and/or its Affiliates). The Participant shall also forfeit and disgorge to the Company
any Awards granted or vested and any gains earned or accrued due to the exercise of Options or SARs or the sale of any Company Common Stock to the extent required by Applicable Law or regulations in effect on or after the Effective Date, including
Section 304 of the Sarbanes-Oxley Act of 2002 and Section 10D of the Exchange Act. For the avoidance of doubt, the Administrator shall have full authority to implement any policies and procedures necessary to comply with Section 10D
of the Exchange Act and any rules promulgated thereunder. The implementation of policies and procedures pursuant to this Section 13.4 and any modification of the same shall not be subject to any restrictions on amendment or modification of
Awards. 
 Section 13.5 Clawbacks. Awards shall be subject to any generally applicable clawback policy adopted by the
Administrator, the Board or the Company that is communicated to the Participants or any such policy adopted to comply with Applicable Law. 

ARTICLE XIV 
 Change in Control

 Section 14.1 Alternative Award. Subject to Section 14.2, upon a Change in Control, outstanding Awards (other than
Awards that by their express terms are forfeited upon a Change in Control (e.g., by reason of performance goals not having been satisfied)) shall be honored or assumed, or new rights shall be substituted therefor, effective following the Change in
Control (such honored, assumed or substituted award, an “Alternative Award”) having such terms and conditions as are determined by the Administrator, provided that any Alternative Awards must (i) include rights
and entitlements substantially equivalent to or better than the rights and entitlements applicable under the Award immediately prior to the Change in Control (except that, for avoidance of doubt, the Alternative Awards may relate to an equity
interest of a direct or indirect parent of the Company or an Affiliate rather than to the Company Common Stock); (ii) as to any service-based vesting requirement applicable to the Award, provide for full vesting of the Alternative Award
upon the Participant’s termination of employment without Cause or in a constructive discharge during the remaining vesting period thereof (with “constructive discharge” to have such meaning as is determined by the Administrator as to
a Participant who is not otherwise covered by a Good Reason provision); (iii) as to any performance-based vesting requirement applicable to the Award, provide for vesting of the Alternative Award at target levels upon the
Participant’s termination of employment without Cause or in a constructive discharge during the remaining vesting period thereof; (iv) as to any Alternative Awards that are stock options, have identical or better methods of payment
of the exercise price thereof; and (iv) provide for a substantially equivalent method by which the Participant is able to receive cash in respect of the Alternative Awards (or such other method as may be agreed by the Administrator and
the counterparty in the Change in Control). If the Administrator determines in connection with a Change in Control that performance-based vesting requirements applicable to an Award will no longer operate as intended following the Change in Control
or will no longer provide the intended incentive, the Administrator may modify such performance-based vesting requirements or impose new performance-based vesting requirements so long as the Administrator determines that such modified or new
performance-based vesting requirements are not materially more difficult to achieve than the performance-based vesting requirements applicable to the Award immediately prior to the Change in Control. 

  
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 Section 14.2 Accelerated Vesting and Payment. In the event that the Administrator
determines, whether in an Award Agreement or thereafter, including at the time of or in connection with a Change in Control, that the provisions of Section 14.1 shall not (or shall no longer) apply, then the Administrator may determine, in
whole or in part and in any combination, that, upon a Change in Control: 
 (a) each vested and unvested Option or SAR shall
be canceled in exchange for a payment equal to the excess, if any, of the Change in Control Price over the applicable Option Price or Base Price; 

(b) the vesting restrictions applicable to all other unvested Awards (other than freestanding Dividend Equivalents not granted
in connection with another Award) shall lapse, all such Awards shall vest and become non-forfeitable and be canceled in exchange for a payment equal to the Change in Control Price; 

(c) all other Awards (other than freestanding Dividend Equivalents not granted in connection with another Award) that were
vested prior to the Change in Control but that have not been settled or converted into Shares prior to the Change in Control shall be canceled in exchange for a payment equal to the Change in Control Price; and 

(d) all freestanding Dividend Equivalents not granted in connection with another Award shall be cancelled without payment
therefor. 
 To the extent any portion of the Change in Control Price is payable other than in cash and/or other than at the time of the Change in Control,
equity holders under the Plan may (to the extent consistent with Section 409A) receive the same time and form of payment in the Change in Control in the same proportion as the Company’s stockholders, or the Administrator may, in its sole
discretion, cause equity holders under the Plan to be paid in cash at the time of the Change in Control. For avoidance of doubt, upon a Change in Control the Administrator may cancel Options and SARs for no consideration if the aggregate Fair Market
Value of the Shares subject to Options and SARs is less than or equal to the Option Price of such Options or the Base Price of such SARs. 

Section 14.3 Section 409A. Notwithstanding the broad discretion of the Administrator in Sections 14.1 and 14.2, if any
Award is subject to Section 409A of the Code and an Alternative Award would be deemed a non-compliant modification of such Award under Section 409A, then no Alternative Award shall be provided and such Award shall instead be treated as
provided in Section 14.2 or in the Award Agreement (or in such other manner determined by the Administrator that is a compliant modification under Section 409A). 

Section 14.4 Successors and Assigns. The obligations of the Company under the Plan shall be binding upon any successor corporation
or organization resulting from the merger, consolidation or other reorganization of the Company, or upon any successor corporation or organization succeeding to all or substantially all of the assets and business of the Company and its Affiliates,
taken as a whole. 
 ARTICLE XV 

Other Provisions 

Section 15.1 Awards Not Transferable. Unless otherwise agreed to in writing by the Administrator, no Award or interest or right
therein or part thereof shall be liable for the debts, contracts or engagements of the Participant or his or her successors in interest or shall be subject to disposition by transfer, alienation, anticipation, pledge, encumbrance, assignment or any
other means whether such disposition be voluntary or involuntary or by operation of law, by judgment, levy, attachment, garnishment or any other legal or equitable proceedings (including bankruptcy), and any attempted disposition thereof shall be
null and void and of no effect; provided, however, that nothing in this Section 15.1 shall prevent transfers by will or by the applicable laws of descent and distribution or, with the prior approval of the Company’s General
Counsel or the Administrator, estate planning transfers. 
 Section 15.2 Amendment, Suspension or Termination of the Plan or Award
Agreements. 
 (a) The Plan may be wholly or partially amended or otherwise modified, suspended or terminated at any time or from time
to time by the Administrator; provided that without the approval by a majority of the shares entitled to vote at a duly constituted meeting of shareholders of the Company, no amendment or modification to the Plan may (i) except as
otherwise expressly provided in Section 4.3, increase the number of Shares subject to the Plan or the individual Award limitations specified in Section 4.2; (ii) modify the class of persons eligible for participation in the
Plan; or (iii) materially modify the Plan in any other way that would require shareholder approval under Applicable Law. 

  
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 (b) Except as otherwise expressly provided in the Plan, neither the amendment, suspension nor
termination of the Plan shall, without the consent of the holder of the Award, adversely alter or impair any rights or obligations under any Award theretofore granted. Except as provided by Section 4.3, notwithstanding the foregoing, the
Administrator at any time, and from time to time, may amend the terms of any one or more existing Award Agreements, provided, however, that the rights of a Participant under an Award Agreement shall not be adversely impaired without
the Participant’s written consent. The Company shall provide a Participant with notice of any amendment made to such Participant’s existing Award Agreement in accordance with the terms of this Section 15.2(b). 

(c) Notwithstanding any provision of the Plan to the contrary, in no event shall adjustments made by the Administrator pursuant to
Section 4.3 or the application of Section 13.5, Section 14.1, Section 14.2, Section 15.7 or Section 15.14 to any Participant constitute an amendment of the Plan or of any Award Agreement requiring the consent of any
Participant. 
 (d) No Award may be granted during any period of suspension nor after termination of the Plan, and in no event may any Award
be granted under this Plan after the expiration of ten (10) years from the Effective Date. 
 Section 15.3 Effect of Plan upon
Other Award and Compensation Plans. The adoption of this Plan shall not affect any other compensation or incentive plans in effect for the Company or any of its Subsidiaries. Nothing in this Plan shall be construed to limit the right of the
Company or any of its Subsidiaries (a) to establish any other forms of incentives or compensation for Service Providers or (b) to grant or assume options or restricted stock other than under this Plan in connection with any
proper corporate purpose, including, but not by way of limitation, the grant or assumption of options or restricted stock in connection with the acquisition by purchase, lease, merger, consolidation or otherwise, of the business, stock or assets of
any corporation, firm or association. 
 Section 15.4 No Fractional Shares. No fractional shares of Common Stock shall be issued
or delivered pursuant to the Plan. The Administrator shall determine whether cash, additional Awards or other securities or properties shall be issued or paid in lieu of fractional shares of Common Stock or whether any fractional shares should be
rounded, forfeited or otherwise eliminated. 
 Section 15.5 At-Will Employment. Nothing in the Plan or any Award Agreement
hereunder shall confer upon the Participant any right to continue as a Service Provider of the Company or any of its Subsidiaries or shall interfere with or restrict in any way the rights of the Company and any of its Subsidiaries, which are hereby
expressly reserved, to discharge any Participant at any time for any reason whatsoever, with or without notice, and with or without Cause. 

Section 15.6 Titles. Titles are provided herein for convenience only and are not to serve as a basis for interpretation or
construction of the Plan. 
 Section 15.7 Conformity to Securities Laws. The Plan is intended to conform to the extent necessary
with all provisions of the Securities Act and the Exchange Act and any and all regulations and rules promulgated under any of the foregoing, to the extent the Company, any of its Subsidiaries or any Participant is subject to the provisions thereof.
Notwithstanding anything herein to the contrary, the Plan shall be administered, and Awards shall be granted and may be exercised, only in such a manner as to conform to such laws, rules and regulations. To the extent permitted by applicable law,
the Plan and Awards granted hereunder shall be deemed amended to the extent necessary to conform to such laws, rules and regulations. 

Section 15.8 Term of Plan. The Plan shall become effective on the date as of which this Plan is adopted by the Board (the
“Effective Date”) and shall continue in effect, unless sooner terminated pursuant to Section 15.2, until the tenth (10th) anniversary of the Effective Date. No Award
shall be granted pursuant to the Plan after such date, but Awards theretofore granted may extend beyond that date. The provisions of the Plan shall continue thereafter to govern all outstanding Awards. 

Section 15.9 Governing Law. To the extent not preempted by federal law, the Plan shall be construed in accordance with and
governed by the laws of the State of Delaware regardless of the application of rules of conflict of law that would apply the laws of any other jurisdiction. 

Section 15.10 Severability. In the event any portion of the Plan or any action taken pursuant thereto shall be held illegal or
invalid for any reason, the illegality or invalidity shall not affect the remaining parts of the Plan, and the Plan shall be construed and enforced as if the illegal or invalid provisions had not been included, and the illegal or invalid action
shall be null and void. 
 Section 15.11 Governing Documents. In the event of any express contradiction between the Plan and any
Award Agreement or any other written agreement between a Participant and the Company or any Subsidiary of the Company that has been approved by the Administrator, the express terms of the Plan shall govern, unless it is expressly specified in such
Award Agreement or other written document that such express provision of the Plan shall not apply. 

  
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 Section 15.12 Withholding Taxes. In addition to any rights or obligations with
respect to Withholding Taxes under the Plan or any applicable Award Agreement, the Company or any Subsidiary employing a Service Provider shall have the right to withhold from the Service Provider, or otherwise require the Service Provider or an
assignee to pay, any Withholding Taxes arising as a result of grant, exercise, vesting or settlement of any Award or any other taxable event occurring pursuant to the Plan or any Award Agreement, including, without limitation, to the extent
permitted by law, the right to deduct any such Withholding Taxes from any payment of any kind otherwise due to the Service Provider or to take such other actions (including, without limitation, withholding any Shares or cash deliverable pursuant to
the Plan or any Award) as may be necessary to satisfy such Withholding Taxes; provided, however, that in the event that the Company withholds Shares issued or issuable to the Participant to satisfy all or any portion of the Withholding
Taxes, the Company shall withhold a number of whole Shares having a Fair Market Value, determined as of the date of withholding, not in excess of the minimum of tax required to be withheld by Applicable Law (or such lower amount as may be necessary
to avoid liability award accounting) and any remaining amount shall be remitted in cash or withheld; and provided, further, that with respect to any Award subject to Section 409A of the Code, in no event shall Shares be withheld
pursuant to this Section 15.12 (other than upon or immediately prior to settlement in accordance with the Plan and the applicable Award Agreement) other than to pay taxes imposed under the U.S. Federal Insurance Contributions Act (FICA) and any
associated U.S. federal withholding tax imposed under Section 3401 of the Code and in no event shall the value of such Shares (other than upon immediately prior to settlement) exceed the amount of the tax imposed under FICA and any associated
U.S. federal withholding tax imposed under Section 3401 of the Code. The Participant shall be responsible for all Withholding Taxes and other tax consequences of any Award granted under this Plan. 

Section 15.13 Unfunded Plan. The Plan shall be unfunded. The Company shall not be required to establish any special or separate
fund or to segregate any assets to assure the performance of its obligations under the Plan. 
 Section 15.14 Section 409A.
To the extent that the Administrator determines that any Award granted under the Plan is subject to Section 409A of the Code, the Award Agreement evidencing such Award shall incorporate the terms and conditions required by Section 409A of
the Code. To the extent applicable, the Plan and Award Agreements shall be interpreted in accordance with Section 409A of the Code and Department of Treasury regulations and other interpretive guidance issued thereunder, including without
limitation any such regulations or other guidance that may be issued after the adoption of the Plan. Notwithstanding any provision of the Plan to the contrary, in the event that following the adoption of the Plan, the Administrator determines that
any Award may be subject to Section 409A of the Code and related regulations and Department of Treasury guidance (including such Department of Treasury guidance as may be issued after the adoption of the Plan), the Administrator may adopt such
amendments to the Plan and the applicable Award Agreement or adopt other policies and procedures (including amendments, policies and procedures with retroactive effect), or take any other actions, that the Administrator determines are necessary or
appropriate to (a) exempt the Award from Section 409A of the Code and/or preserve the intended tax treatment of the benefits provided with respect to the Award, (b) comply with the requirements of Section 409A of
the Code and related Department of Treasury guidance or (c) comply with any correction procedures available with respect to Section 409A of the Code. Notwithstanding anything else contained in this Plan or any Award Agreement to the
contrary, if a Service Provider is a “specified employee” as determined pursuant to Section 409A under any Company Specified Employee policy in effect at the time of the Service Provider’s “separation from service” (as
determined under Section 409A) or, if no such policy is in effect, as defined in Section 409A of the Code), then, to the extent necessary to comply with, and avoid imposition on such Service Provider of any tax penalty imposed under,
Section 409A of the Code, any payment required to be made to a Service Provider hereunder upon or following his or her separation from service shall be delayed until the first to occur of (i) the six-month anniversary of the Service
Provider’s separation from service and (ii) the Service Provider’s death. Should payments be delayed in accordance with the preceding sentence, the accumulated payment that would have been made but for the period of the delay
shall be paid in a single lump sum during the ten-day period following the lapsing of the delay period. Notwithstanding the foregoing, neither the Company nor the Administrator shall have any obligation to take any action to prevent the assessment
of any excise tax or penalty on any Participant under Section 409A of the Code and neither the Company nor the Administrator shall have any liability to any Participant for such tax or penalty. No provision of this Plan or an Award Agreement
shall be construed to indemnify any Service Provider for any taxes incurred by reason of Section 409A (or timing of incurrence thereof), other than an express indemnification provision therefor. 

Section 15.15 Section 16. It is the intent of the Company that the Plan satisfy, and be interpreted in a manner that
satisfies, the applicable requirements of Rule 16b-3 as promulgated under Section 16 of the Exchange Act so that Participants will be entitled to the benefit of Rule 16b-3, or any other rule promulgated under Section 16 of the Exchange
Act, and will not be subject to short-swing liability under Section 16 of the Exchange Act. Accordingly, if the operation of any provision of the Plan would conflict with the intent expressed in this Section 15.15, such provision to the
extent possible shall be interpreted and/or deemed amended so as to avoid such conflict. 

  
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 Section 15.16 Section 162(m). To the extent the Administrator issues any Award
that is intended to be exempt from the deduction limitation of Section 162(m) of the Code, the Administrator may, without shareholder or grantee approval, amend the Plan or the relevant Award Agreement retroactively or prospectively to the
extent it determines necessary in order to comply with any subsequent clarification of Section 162(m) of the Code required to preserve the Company’s federal income tax deduction for compensation paid pursuant to any such Award. 

Section 15.17 Beneficiary Designation. Each Participant under the Plan may from time to time name any beneficiary or beneficiaries
by whom any right under the Plan is to be exercised in case of such Participant’s death. Each designation will revoke all prior designations by the same Participant, shall be in a form reasonably prescribed by the Administrator and shall be
effective only when filed by the Participant in writing with the Company during the Participant’s lifetime. 
 Section 15.18
Notices. Except as provided otherwise in an Award Agreement, all notices and other communications required or permitted to be given under this Plan or any Award Agreement shall be in writing and shall be deemed to have been given if delivered
personally, sent by email or any other form of electronic transfer approved by the Administrator, sent by certified or express mail, return receipt requested, postage prepaid, or by any recognized international equivalent of such delivery,
(i) in the case of notices and communications to the Company, to 6285 Tri-Ridge Boulevard, Loveland, OH 45140 to the attention of the Corporate Secretary of the Company or (ii) in the case of a Participant, to the last known
address, or email address or, where the individual is an employee of the Company or one of its subsidiaries, to the individual’s workplace address or email address or by other means of electronic transfer acceptable to the Administrator. All
such notices and communications shall be deemed to have been received on the date of delivery, if sent by email or any other form of electronic transfer, at the time of dispatch or on the third business day after the mailing thereof. 

  
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