Document:

EX-10.3

 Exhibit 10.3 
 CONSULTING SERVICES AGREEMENT 
 THIS CONSULTING
SERVICES AGREEMENT (the “Agreement”) is entered into this day 23rd of April, 2013 (the “Effective Date”), by and among NUCOR CORPORATION, a Delaware corporation with its headquarters located in Charlotte. North Carolina
(“Nucor”), THE CORPORATE DEVELOPMENT INSTITUTE, INC., a New Jersey corporation with its headquarters located in Charlotte, North Carolina (“CDI”) and JAMES D. HLAVACEK, a resident of North Carolina
(“Hlavacek”, and together with CDI, collectively, the “CDI Parties”). Nucor, CDI and Hlavacek are sometimes referred to herein as the “Parties”, or individually as a
“Party”. 
 WHEREAS, Hlavacek, Chairman and CEO of CDI, has served on the Board of Directors of Nucor
(the “Board”) since 1996; 
 WHEREAS, effective as of May 9, 2013, Hlavacek will no longer be a
member of the Board; and 
 WHEREAS, following Hlavacek’s departure from the Board, Nucor would like to retain CDI, and
through CDI, Hlavacek, as a consultant to provide Nucor with management and marketing training and consultation services (the “Services”), and CDI desires to provide Nucor with such Services, subject to the terms and
conditions set forth herein. 
 NOW THEREFORE, in consideration of the mutual promises and undertakings set forth herein and
other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the Parties agree as follows: 
 1.
CDI Services. 
 CDI shall provide the Services to Nucor from time to time at such times as requested by Nucor and
reasonably acceptable to CDI. Nucor may provide to CDI certain technical matter, data and information necessary for the performance of the assigned Services. The CDI Parties acknowledge and agree that the Services shall be performed by and through
Hlavacek, and Hlavacek’s disability, death or other inability to perform the Services shall be deemed a material default of the CDI Parties under this Agreement. Upon the expiration or earlier termination of this Agreement, CDI shall return all
documents (originals and copies), data (regardless of medium), Nucor Confidential Information (as defined below), and Work Product (as defined below) to Nucor. The CDI Parties shall not retain any copies of Nucor Confidential Information or Work
Product unless expressly authorized in writing by an executive officer of Nucor. Upon the expiration or earlier termination of this Agreement, Nucor shall return all CDI Confidential Information (as defined below), other than any such CDI
Confidential Information incorporated into any Work Product (as defined below), to CDI. Nucor shall not retain any copies of CDI Confidential Information, other than any such CDI Confidential Information incorporated into any Work Product, unless
expressly authorized in writing by CDI. 
 2. Consulting Fees. 

Nucor will pay CDI $225,000 per each full calendar year during the Term (the “CDI Annual Fees”). The CDI Annual
Fees shall be payable by Nucor within 10 business days following the first day of each calendar month during the term in 12 monthly installments of $18,750 each beginning in June of 2013. Payment of the CDI Annual Fees shall entitle Nucor to receive
20 hours of Services from CDI during each calendar year of the Term. In the event Nucor desires to receive in excess of 20 hours of Services during any calendar year during the Term (“Excess Services”), CDI shall provide such
excess Services at the rate of $12,000 per day of Excess Services provided to Nucor. Nucor will reimburse CDI, in accordance with Nucor’s policies, for all reasonable and documented travel, lodging and similar out-of-pocket expenses incurred by
CDI in the performance of the Services hereunder within 30 days following a receipt CDI’s invoice therefor. 

 3. Confidentiality. 
 (a) Confidential Information Defined. For purposes of this Agreement, the term “Nucor Confidential Information” shall include, but is not limited to, any and all of
Nucor’s and its affiliates’ trade secrets and all other information and data of Nucor and its affiliates that is not generally known to third persons who could derive economic value from its use or disclosure, including, but not limited
to, Nucor’s and its affiliates’ financial, business development and growth strategies, overall business strategy or market projections data, Nucor’s and its affiliates’ plant design, specifications, and layout; product design and
specifications; processes, formulas, and methodologies; manufacturing (including but not limited to melting, casting, rolling, coating and fabrication) processes, procedures and specifications; equipment design, specification, layout, processes, and
methodologies; data processing programs, research and development projects; product marketing, pricing, and cost data; customer identity, requirements, needs and specifications; and all information regarding the Work Product (as defined below) and
the Services and all information obtained by either CDI Party pursuant to Hlavacek’s past service on the Board. During the course of Hlavacek’s service on the Board, Hlavacek has received and had access to, and during the course of
providing the Services the CDI Parties may receive or have access to, Nucor Confidential Information. The CDI Parties acknowledge that Nucor owns all such Nucor Confidential Information. Notwithstanding the foregoing, Nucor Confidential Information
shall not include any information that: (a) is identical to information which can be shown by clear and convincing written evidence to have been developed by a CDI Party or in a CDI Party’s possession prior to receipt of the same from
Nucor, its affiliates or any of their respective representatives; (b) now is or hereafter becomes publicly known through no fault of a CDI Party; or (c) otherwise becomes available to a CDI Party from a third party that is not under any
obligation of confidentiality to Nucor, its affiliates or any of their respective representatives. 
 For the purposes of this Agreement, the
term “CDI Confidential Information” shall mean any and all of the CDI Parties’ trade secrets and all other information and data of the CDI Parties’ that is (x) not generally known to third persons who could
derive economic value from its use or disclosure and (y) is clearly marked as “Confidential,” or if disclosed orally is confirmed as “Confidential” in writing within ten (10) days following such oral disclosure. During
the Term Nucor may receive or have access to CDI Confidential Information. Nucor acknowledges that the CDI Parties own all such CDI Confidential Information. Notwithstanding the foregoing, CDI Confidential Information shall not include any
information that: (i) is identical to information which can be shown by clear and convincing written evidence to have been developed by Nucor or its affiliates or any of their respective employees or representatives or in the possession of any
such persons prior to receipt of the same from a CDI Party; (ii) now is or hereafter becomes publicly known through no fault of Nucor; or (iii) otherwise becomes available to Nucor or its affiliates or any of their respective employees
from a third party that is not under any obligation of confidentiality to a CDI Party. 
 (b) Restrictions on Use /
Disclosure. Except as strictly necessary in connection with the performance of the Services, each CDI Party shall hold Nucor Confidential Information in strict confidence, will not use or make any disclosures thereof (including methods or
concepts utilized in the Nucor Confidential Information) without the express writtten consent of an executive officer of Nucor, and will take all reasonable steps to maintain the confidentiality of all Nucor Confidential Information. Each CDI Party
shall treat the specific provisions of this Agreement as Nucor Confidential Information. Except to the extent necessary to use the Work Product (as defined below) for its own internal purposes. 

  
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 Nucor shall hold the CDI Confidential Information in strict confidence, will not make any disclosures
thereof (including methods or concepts utilized in the CDI Confidential Information) without the express written consent of CDI, and will take all reasonable steps to maintain the confidentiality of all CDI Confidential Information. 

(c) Legally Compelled Disclosures. In the event that a CDI Party or Nucor is required by any law, regulation, rule or order of any
governmental body or agency to disclose any Nucor Confidential Information or CDI Confidential Information, as applicable, the CDI Parties or Nucor, as applicable, shall (i) give the other Party prompt notice of such requirement (or related
request), (ii) consult with the other Party before making any such disclosure and (iii) cooperate fully with the other Party in such Party’s efforts, if any, to obtain a protective order or otherwise avoid disclosure of any such Nucor
Confidential Information or CDI Confidential Information, as applicable. If, in the absence of a protective order, a CDI Party or Nucor, as applicable, is, in the written opinion of such CDI Party’s or Nucor’s outside counsel, compelled or
required to disclose the Nucor Confidential Information or the CDI Confidential Information, as applicable, such CDI Party or Nucor, as applicable, may disclose such Nucor Confidential Information or CDI Confidential Information, as applicable, to
the extent compelled or required to do so without liability hereunder. 
 4. No Public Announcements; Non-Disparagement.

 (a) No CDI Party shall make any announcement or statement, written or oral, or release any information concerning Nucor or
its affiliates, or their officers, employees or directors, regarding any of their respective policies or activities, to any member of the public, press, person, entity, or any official body, without the prior written consent of an executive officer
of Nucor. The CDI Parties hereby further covenant and agree not to engage in, and to ensure that none of their employees, shareholders or representatives do not engage in, any conduct that is injurious to the reputation and interest of
(i) Nucor, (ii) any affiliate of Nucor or (iii) any officer, employee, director, or representative of Nucor or any of Nucor’s affiliates, including but not limited to, disparaging, inducing or encouraging others to disparage,
encouraging others to terminate or alter their business dealings with, or making or causing to be made any statement that is critical of or otherwise maligns the business reputation, business practices, services, management, or employment practices
of such entities or persons. 
 (b) Provided that neither CDI Party has breached its obligations under Section 4(a) above,
Nucor covenants and agrees not to engage in, and to ensure that none of its employees or representatives engage in, any conduct that is injurious to the reputation and interest of any CDI Party, including but not limited to, disparaging, inducing or
encouraging others to disparage, encouraging others to terminate or alter their business dealings with, or making or causing to be made any statement that is critical of or otherwise maligns the business reputation, business practices, services,
management, or employment practices of, a CDI Party. 
 5. Work Product. 

The CDI Parties hereby covenant and agree that all processes, routines, methodologies, materials, technologies, documents, supporting work
papers, designs, drawings, concepts, inventions, improvements, know-how, ideas, proposals, reports and strategies, whether fully or partially developed and/or completed, that are solely or jointly conceived, developed, or reduced to practice or
writing by or with the aid of either CDI Party during the Term (as defined below) that relate in any manner, directly or indirectly, to Nucor’s or any of its affiliates’ business (collectively, the “Work Product”),
shall be considered work(s) made by such CDI Party for hire for Nucor and shall belong exclusively to Nucor. The CDI Parties shall take (at Nucor’s expense) all actions reasonably requested by Nucor to fully vest Nucor with all right and title
in and to the Work Product. 

  
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 6. Acknowledgment: Enforcement. 

(a) The CDI Parties acknowledge and agree that the restrictions set forth in Sections 3-5 of this Agreement are fair and reasonable and
are material terms of this Agreement. The CDI Parties agree that any violation of the covenants contained in Sections 3-5 will cause serious and irreparable damage to Nucor, the exact amount of which will be difficult to ascertain, and for that
reason, Nucor shall be entitled, as a matter of right, to a temporary, preliminary and/or permanent injunction and/or other injunctive relief, ex parte or otherwise, from any court of competent jurisdiction, restraining any further violations by
either CDI Party and that no bond need be posted in any such preceding or action. Such injunctive relief shall be in addition to, and in no way in limitation of, any and all other remedies Nucor shall have in law and equity for the enforcement of
such covenants and provisions. 
 (b) In the event of the violation or breach by either CDI Party of any covenant contained in
Section 3-5 hereof (or the violation or breach of such covenants by any of the employees, shareholders, or representatives of the CDI Parties whose compliance with such covenants the CDI Parties hereby expressly agree shall be their
responsibility), (i) CDI shall forfeit and immediately return upon demand by Nucor any CDI Annual Fees received by CDI up to the date of such violation or breach, (ii) the CDI Parties shall, jointly and severally, indemnify and hold
harmless Nucor from any cost or expense (including reasonable attorneys’ fees) arising out of such violation and (iii) Nucor may, effective upon its issuance of written notice to the CDI Parties, terminate this Agreement without any
further liability or obligation to the CDI Parties. 
 7. Relationship of the Parties. 

CDI shall be for all purposes an independent contractor of Nucor, and nothing herein shall cause either CDI Party to be, or to be deemed
to be, an officer, director, employee, agent, partner or joint venturer of Nucor. CDI shall be responsible for the payment of any taxes (including federal and state income taxes, Social Security and Medicare contributions and similar taxes and
assessments) of any type whatsoever that may arise out of this Agreement. It is agreed and understood that no CDI Party shall not be entitled to participate in any employee welfare, retirement, equity or other benefit plan of any type, whether
written or oral, offered by Nucor. 
 8. Warranty. 
 The CDI Parties represent and warrant to Nucor that neither the Services nor the Work Product will violate (a) any confidentiality, non-use or non-disclosure obligations either CDI Party owes to any
person or entity, or (b) infringe any patent, copyright, trademark, trade secret or other intellectual property or proprietary right of any person or entity. 
 9. Term; Termination. 
 Unless earlier terminated in accordance with
the provisions hereof, the initial term of this Agreement shall commence on the Effective Date and terminate 3 years thereafter (the “Initial Term”); provided, however, in the event the CDI Parties and Nucor so
agree in writing at least 45 days prior to the expiration of the Initial Term, the term of this Agreement will be renewed for an additional year (the “Renewal Term,” and such Renewal Term (if any) together with the Initial
Term, the “Term”). The provisions of Sections 3-5 and 10 hereof shall survive any termination of this Agreement indefinitely. 

  
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 10. General Provisions. 

(a) Choice of Law, Venue and Remedies. The Agreement shall be governed by and construed in accordance with the laws of the State
of North Carolina. Each Party, acting for itself and its successors and assigns, hereby expressly and irrevocably consents to the exclusive jurisdictions of the state courts located in Charlotte, North Carolina, for any litigation which may arise
out of or be related to this Agreement. Each Party waives personal service of any and all process, and each consents that all service of process may be made by registered mail, return receipt requested, directed to a Party at its proper address.
Each Party waives any objection based on forum non-conveniens or any objection to venue of any such action. Nothing contained in this Agreement shall limit, abridge, or modify the rights of Nucor under any statutes, including
applicable trade-secret law (the North Carolina Trade Secrets Protection Act) or common law, or otherwise limit the remedies available to Nucor. 
 (b) Assignment; Waiver. Neither CDI Party shall assign this Agreement nor subcontract the whole Agreement or any part thereof, without the express written consent of Nucor. Failure by any Party at
any time to require performance by the another Party or to claim a breach of any provision of this Agreement will not be construed as a waiver of any subsequent breach. 
 (c) Entire Agreement; Amendments; Counterparts. This Agreement sets forth the entire agreement and understanding of the Parties with respect to the subject matter hereof and supersedes all prior
agreements, arrangements, and understandings related to the subject matter hereof. This Agreement may be amended, and any of the terms, provisions, covenants, representations, warranties, or conditions hereof may be waived, only by a written
instrument executed by both Parties, or, in the case of a waiver, by the Party waiving compliance. This Agreement may be executed in one or more counterparts and by facsimile or pdf signature, each of which shall be deemed an original, but all of
which together will constitute one and the same instrument. 
 (d) Severability. The Parties agree that if a court of
competent jurisdiction deems any of the provisions or parts thereof in this Agreement too broad for the protection of Nucor’s legitimate interests or otherwise unenforceable, the Parties authorize the court to limit or modify the restrictions
to the extent reasonably necessary to protect Nucor’s legitimate business interests. In the event such modification is impossible, the unenforceable provision or part thereof shall be deemed severed from this Agreement and every other provision
or part thereof of this Agreement, including the remainder of the Section from which a provision or part thereof is severed, shall remain in full force and effect. 

  
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 IN WITNESS WHEREOF, the Parties have caused this Agreement to be duly executed as of
the Effective Date. 
  

					
	NUCOR CORPORATION	 	
		
	 /s/ John J. Ferriola
	 	
	By:	 	John J. Ferriola	 	
	Title:	 	President & CEO	 	

  

					
	THE CORPORATE DEVELOPMENT INSTITUTE, INC.
		
	 /s/ James D. Hlavacek
	 	
	By:	 	James D. Hlavacek	 	
	Title:	 	Chairman and CEO	 	

			
		
	/s/ James D. Hlavacek*	 	 
	James D. Hlavacek*	 	4/23/13
		
		 	

  

	*	Executed in his capacity as an individual.EX-10.3

 Exhibit 10.3 

 
 

 
 Change in Control Severance Agreement 
 This Change in Control Severance Agreement (“Agreement”) is made by and between Zimmer GmbH (“Employer” or “Company” as case may be) and Katarzyna
Mazur-Hofsäss (“Executive”). 
 Recitals 

 

	(A)	The Company considers it essential to the best interests of its ultimate shareholders to foster the continuous employment of key management personnel.

  

	(B)	The Company and the Board recognize that, as is the case with many publicly held corporations, the possibility of a Change in Control in the Ultimate Parent Company
exists and that such a possibility, and the uncertainty and questions that it may raise among management, may result in the departure or distraction of management personnel to the detriment of the Company and its shareholders.

  

	(C)	The Board has determined that appropriate steps should be taken to reinforce and encourage the continued attention and dedication of members of the Company’s
management, including the Executive, to their assigned duties without distraction in the face of potentially disturbing circumstances arising from the possibility of a Change in Control. 

 

	(D)	The parties intend that no amount or benefit will be payable under this Agreement unless a termination of the Executive’s employment with the Company occurs
following a Change in Control, or is deemed to have occurred following a Change in Control, as provided in this Agreement. 

Defined terms as used herein and not defined elsewhere in this Agreement, shall have the meaning as described to them in Annex 1 to this
Agreement. 
  

	1.	Term of Agreement 

 This
Agreement will commence on the date stated below and will continue in effect through December 31, 2013. Beginning on January 1, 2014, and each subsequent January 1, the term of this Agreement will automatically be extended for one
additional year, unless either party gives the other party written notice not to extend this Agreement at least 30 days before the extension would otherwise become effective or unless a Change in Control occurs. If a Change in Control occurs

 
 2
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 Change in Control Severance Agreement 

 
  

 
during the term of this Agreement, this Agreement will continue in effect for a period of 24 months from the end of the month in which the Change in Control occurs. Notwithstanding the foregoing
provisions of this Article, this Agreement will terminate on the Executive’s retirement date, as defined under Swiss law. 
  

	2.	Compensation other than Severance Payments 

  

	2.1	Compensation Previously Earned 

 If the Executive’s employment is terminated for any reason following a Change in Control and during the term of this Agreement, the Company will pay the Executive’s salary accrued through the
Date of Termination, at the rate in effect at the time the Notice of Termination is given, together with all other compensation and benefits payable to the Executive through the Date of Termination under the terms of any compensation or benefit
plan, program, or arrangement maintained by the Company during that period. 
  

	2.2	Normal Post-Termination Compensation and Benefits. 

 Except as provided in Section 3.1, if the Executive’s employment is terminated for any reason following a Change in Control and during the term of this Agreement, the Company will pay the
Executive the normal compensation and benefits payable to the Executive under the terms of the Company’s compensation or benefit plans, programs, and arrangements, as in effect immediately prior to the Change in Control, including but not
limited to the Non Competition Period Payments (if any). This provision does not restrict the Company’s right to amend, modify, or terminate any plan, program, or arrangement prior to a Change in Control. 

 

	2.3	No Duplication. 

Notwithstanding any other provision of this Agreement to the contrary, the Executive will not be entitled to duplicate benefits or
compensation under this Agreement and the terms of any other plan, program, or arrangement maintained by the Company or any affiliate. 
  

	3.	Severance Payments 

  

	3.1	Payment Triggers 

 In
addition to the payments as set out in Section 2 above, but in lieu of any other severance compensation or benefits to which the Executive may otherwise be entitled under any plan, program, policy, or arrangement of the Company or by law in
particular due to abusive termination under Art. 336a Swiss Code of Obligations (and which the Executive hereby expressly waives), the Company will pay the Executive the Severance Payments described in Section 3.2 upon termination of the
Executive’s employment following a Change in Control and during the term of this Agreement, unless the termination is (1) by the Company for Cause, (2) by reason of the Executive’s death, or (3) by the Executive without Good
Reason. 

 
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 Change in Control Severance Agreement 

 
  

 For purposes of this Section 3.1, the Executive’s employment will be deemed to
have been terminated following a Change in Control by the Company without Cause or by the Executive with Good Reason if (1) the Executive’s employment is terminated without Cause prior to a Change in Control at the direction of a Person
who has entered into an agreement with the Ultimate Parent Company, the consummation of which will constitute a Change in Control; or (2) the Executive terminates her employment with Good Reason prior to a Change in Control (determined by
treating a Potential Change in Control as a Change in Control in applying the definition of Good Reason), if the circumstance or event that constitutes Good Reason occurs at the direction of such a Person. 

The Severance Payments described in this Article 3 are subject to the conditions stated in Section 4 below and shall be reduced in
part or in their totality if and to the extent the Severance Payments were, at the time of their payment, to be deemed a golden parachute or similar arrangement prohibited under the laws where the Company is incorporated and has its registered
office or the costs associated with the Severance Payments could no longer be booked as expenditures in the Company’s profit and loss statement. 
  

	3.2	Severance Payments. 

 The
following are the Severance Payments referenced in Section 3.1: 
 (a) Lump Sum Severance Payment 

In lieu of any further salary payments to the Executive for periods after the Date of Termination, and in lieu of any severance benefits
otherwise payable to the Executive, the Company will pay to the Executive, in accordance with Section 3.3, a lump sum severance payment, in cash, equal to (a) two times the sum of (1) the higher of the Executive’s annual base
salary in effect immediately prior to the event or circumstance upon which the Notice of Termination is based or in effect immediately prior to the Change in Control, plus (2) the amount of the Executive’s target annual bonus entitlement
under the Cash Incentive Plan (or any other bonus plan of the Company then in effect) as in effect immediately prior to the event or circumstance giving rise to the Notice of Termination, less (b) the amount of any statutory payment to which
the Executive is entitled related to any statutory notice period. If the Board determines that it is not workable to determine the amount that the Executive’s target bonus would have been for the year in which the Notice of Termination was
given, then, for purposes of this paragraph (a), the Executive’s target annual bonus entitlement will be the average of annual bonus paid to the Executive with respect to the three years immediately prior to the year in which the Notice of
Termination was given. 

 
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 Change in Control Severance Agreement 

 
  

 (b) Options and Restricted Shares 

All outstanding Options will become immediately vested and exercisable (to the extent not yet vested and exercisable as of the Date of
Termination). To the extent not otherwise provided under the written agreement evidencing the grant of any restricted Shares to the Executive, all outstanding Shares that have been granted to the Executive subject to restrictions that, as of the
Date of Termination, have not yet lapsed will lapse automatically upon the Date of Termination, and the Executive will own those Shares free and clear of all such restrictions. Notwithstanding the foregoing, Options and restricted Shares remain
subject to any forfeiture or clawback claims under the applicable option plan or award agreement. 
  

	3.3	Time of Payment 

 Except
as otherwise expressly provided in Section 3.2, payments provided for in that Section will be made as follows: 
 No later
than the fifth business day following the Date of Termination, the Company will pay to the Executive an estimate, as determined by the Company in good faith, of 90% of the payments under Section 3.2 (a) to which the Executive is clearly
entitled. 
 The Company will pay to the Executive the remainder of the payments due to her under Section 3.2 not later than
90 business days after the Date of Termination. 
 At the time that payment is made under this Section 3.3, the Company will
provide the Executive with a written statement setting forth the manner in which all of the payments to her under this Agreement were calculated and the basis for the calculations. 

 

	3.4	Outplacement Services 

For a period not to exceed six (6) months following the Date of Termination, the Company will provide the Executive with reasonable
outplacement services consistent with past practices of the Company prior to the Change in Control or, if no past practice has been established prior to the Change in Control, consistent with the prevailing practice in the medical device
manufacturing industry. 
  

	4.	The Executive’s Covenants 

  

	4.1	Confidentiality, Non-Competition and Non-Solicitation Agreement 

 The Executive herewith acknowledges and affirms her continuing obligations under the existing Confidentiality, Non-Competition and Non-Solicitation Agreement dated 22 February 2012 and re-affirms her
agreement to honor the obligations as set forth therein. 

 
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 Change in Control Severance Agreement 

 
  

	4.2	General Release 

 The
Executive agrees that, notwithstanding any other provision of this Agreement, the Executive will not be eligible for any Severance Payments under this Agreement unless the Executive timely signs a General Release in substantially the form attached
to this Agreement as Annex 2. The Executive will be given 30 days to consider the terms of the General Release. If the Executive does not return the executed General Release to the Company by the end of the 30 day period that failure will be deemed
a refusal to sign, and the Executive will not be entitled to receive any Severance Payments under this Agreement. 
  

	5.	Notices 

 For the purpose
of this Agreement, notices and all other communications provided for in the Agreement will be in writing and will be deemed to have been duly given when delivered or mailed by Swiss registered mail, return receipt requested, addressed to the
respective addresses set forth below, or to such other address as either party may furnish to the other in writing in accordance with this Article 5, except that notice of change of address will be effective only upon actual receipt: 

To the Company: 

Zimmer GmbH. 

Attention: Vice President EMEA Counsel 
 Sulzer-Allee 8 
 8404 Winterthur 

To the Executive: 
 Katarzyna Mazur-Hofsäss 
  

 
  

 
  

 
  

	6.	Miscellaneous 

 This
Agreement constitutes and expresses the entire agreement between the Parties pertaining to the subject matter contained herein and supersedes all prior and contemporaneous oral or written agreements, representations, understandings and the like
between the Parties. 
 This Agreement may not be modified, amended, altered or supplemented, in whole or in part, except by a
written agreement signed by the Parties. 
 If any provision of this Agreement is found by any competent authority to be void,
invalid or unenforceable, such provision shall be deemed to be deleted from this 

 
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 Change in Control Severance Agreement 

 
  

 
Agreement and the remaining provisions of this Agreement shall continue in full force. In this event, the Agreement shall be construed, and, if necessary, amended in a way to give effect to, or
to approximate, or to achieve a result which is as close as legally possible to the result intended by the provision hereof determined to be void, illegal or unenforceable. 

 

	7.	Governing Law and Jurisdiction 

 This Agreement shall be governed by, interpreted and construed in accordance with the substantive laws of Switzerland. 
 The ordinary courts and at the registered office of the Company shall have exclusive jurisdiction for all disputes arising out of or in connection with this Agreement. 

This Agreement enters into force on the later date set-out below. 
 Winterthur, 6 March 2013 
  

					
	Zimmer GmbH	 		 	
			
	 /s/ Guillaume Génin
	 		 	 /s/ Asif Hussain

	Guillaume Génin	 		 	Asif Hussain
	Vice President EMEA Counsel	 		 	Vice President Human Resources EMEA
			
	Executive	 		 	
			
	 /s/ Katarzyna Mazur-Hofsäss
	 		 	 
	Katarzyna Mazur-Hofsäss	 		 	
			
	Date: 13 March 2013	 		 	

 
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 Change in Control Severance Agreement 

 
  

 Annex 1: Definitions 
 “Beneficial Owner” has the meaning stated in Rule 13d-3 under the Exchange Act. 

“Board” means the Board of Directors of the Ultimate Parent Company. 

“Cash Incentive Plan” means the Ultimate Parent Company’s Executive Performance Incentive Plan. 

“Cause” for termination by the Company of the Executive’s employment, after any Change in Control, means
(1) any reason being deemed good reason in the sense of Art. 336d Swiss Code of Obligations; (2) the willful and continued failure by the Executive to substantially perform the Executive’s duties with the Company (other than any such
failure resulting from the Executive’s incapacity due to physical or mental illness or any such actual or anticipated failure after the issuance of a Notice of Termination for Good Reason by the Executive) for a period of at least 10
consecutive days after a written demand for substantial performance is delivered to the Executive by the Company, which demand specifically identifies the manner in which the Company believes that the Executive has not substantially performed the
Executive’s duties; or (3) the Executive willfully engages in conduct that is demonstrably and materially injurious to the Company, the Ultimate Parent Company or its subsidiaries, monetarily or otherwise. 

A “Change in Control” will be deemed to have occurred if any of the following events occur: 

 

	 	(a)	any Person is or becomes the Beneficial Owner, directly or indirectly, of securities of the Ultimate Parent Company (not including in the securities beneficially owned
by that Person any securities acquired directly from the Ultimate Parent Company or its affiliates) representing 20% or more of the combined voting power of the Ultimate Parent Company’s then outstanding securities; or 

 

	 	(b)	during any period of two consecutive years (not including any period prior to the execution of this Agreement), individuals who at the beginning of the period
constitute the Board and any new director (other than a director designated by a Person who has entered into an agreement with the Ultimate Parent Company to effect a transaction described in clause (a), (c) or (d) of this paragraph whose
election by the Board or nomination for election by the Ultimate Parent Company’s stockholders was approved by a vote of at least two-thirds (2/3) of the directors then still in office who either were directors at the beginning of the
period or whose election or nomination for election was previously approved), cease for any reason to constitute a majority of the Board; or 

  

	 	(c)	 the shareholders of the Ultimate Parent Company approve a merger or consolidation of the Ultimate Parent Company with any other corporation, other than
(A) a merger or consolidation that would result in the voting securities of the Ultimate Parent Company outstanding immediately prior to the merger or 

 
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 Change in Control Severance Agreement 

 
  

	 	
consolidation continuing to represent (either by remaining outstanding or by being converted into voting securities of the surviving entity), in combination with the ownership of any trustee or
other fiduciary holding securities under an employee benefit plan of the Ultimate Parent Company, at least 75% of the combined voting power of the voting securities of the Ultimate Parent Company or the surviving entity outstanding immediately after
the merger or consolidation; or (B) a merger or consolidation effected to implement a recapitalization of the Ultimate Parent Company (or similar transaction) in which no Person acquires more than 50% of the combined voting power of the
Ultimate Parent Company’s then outstanding securities; or 

  

	 	(d)	the shareholders of the Ultimate Parent Company approve a plan of complete liquidation of the Ultimate Parent Company or an agreement for the sale or disposition by the
Ultimate Parent Company of all or substantially all the Ultimate Parent Company’s assets. 

 Notwithstanding
the foregoing, a Change in Control will not include any event, circumstance, or transaction occurring during the six-month period following a Potential Change in Control that results from the action of any entity or group that includes, is
affiliated with, or is wholly or partly controlled by the Executive; provided, further, that such an action will not be taken into account for this purpose if it occurs within a six-month period following a Potential Change in Control resulting from
the action of any entity or group that does not include the Executive. 
 “Date of Termination” means the date
on which the Notice of Termination under the Employment Agreement has lapsed. 
 “Employment
Agreement” means the employment agreement between the Executive and the Company dated
February 1st 2010 as further modified. 

“Exchange Act” means the U.S. Securities Exchange Act of 1934, as amended from time to time, and interpretive rules and
regulations. 
 “Good Reason” for termination by the Executive of the Executive’s employment means the
occurrence (without the Executive’s express written consent) of any one of the following acts by the Company, or failures by the Company to act following a Change in Control: 

 

	 	(a)	the assignment to the Executive of any duties inconsistent with the Executive’s status as an executive officer of the Company or a substantial adverse alteration
in the nature or status of the Executive’s responsibilities from those in effect immediately prior to a Change in Control; 

  

	 	(b)	 the Company’s failure, without the Executive’s consent, to pay to the Executive any portion of the Executive’s current compensation
(which means, for purposes of this paragraph (b), the Executive’s annual base salary as in effect on the date of this Agreement, or as it may be increased from time to time, and the

 
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 Change in Control Severance Agreement 

 
  

	 	
awards earned pursuant to the Cash Incentive Plan) or to pay to the Executive any portion of an installment of deferred compensation under any deferred compensation program of the Company, within
30 days of the date the compensation is due; 

  

	 	(c)	the Company’s failure to continue in effect any compensation plan in which the Executive participates immediately prior to a Change in Control, which plan is
material to the Executive’s total compensation, including, but not limited to, the Cash Incentive Plan and the Zimmer Holdings, Inc. 2009 Stock Incentive Plan or any substitute plans adopted prior to the Change in Control, unless an equitable
arrangement (embodied in an ongoing substitute or alternative plan) has been made with respect to that plan, or the Company’s failure to continue the Executive’s participation in such a plan (or in a substitute or alternative plan) on a
basis not materially less favorable, both in terms of the amount of benefits provided and the level of the Executive’s participation relative to other participants, as existed at the time of the Change in Control. 

Notwithstanding the foregoing, the occurrence of an event that would otherwise constitute Good Reason will cease to be an event
constituting Good Reason if the Executive does not timely provide a Notice of Termination to the Company within 120 days of the date on which the Executive first becomes aware (or reasonably should have become aware) of the occurrence of that event.

 “Non Competition Period Payments” has the meaning as defined in the Confidentiality, Non-Competition and
Non-Solicitation Agreement dated 22 February 2012, between the Company and the Executive. 
 “Notice of
Termination” has the meaning as defined in section 2.2 of the Employment Agreement (i.e : notice period of 6 months from the end of the month in which the notice is given). 

“Options” means options to purchase Shares awarded to the Executive during her employment with the Company. 

“Person” has the meaning stated in section 3(a)(9) of the Exchange Act, as modified and used in sections 13(d)
and 14(d) of the Exchange Act; however, a Person will not include (1) the Ultimate Parent Company or any of its subsidiaries, (2) a trustee or other fiduciary holding securities under an employee benefit plan of the Ultimate Parent Company
or any of its subsidiaries, (3) an underwriter temporarily holding securities pursuant to an offering of those securities, or (4) a corporation owned, directly or indirectly, by the stockholders of the Ultimate Parent Company in
substantially the same proportions as their ownership of stock of the Ultimate Partent Company. 

 
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 Change in Control Severance Agreement 

 
  

 “Potential Change in Control” will be deemed to have occurred if any
one of the following events occurs: 
  

	 	(a)	the Ultimate Parent Company enters into an agreement, the consummation of which would result in the occurrence of a Change in Control; 

 

	 	(b)	the Ultimate Parent Company or any Person publicly announces an intention to take or to consider taking actions that, if consummated, would constitute a Change in
Control; 

  

	 	(c)	any Person who is or becomes the Beneficial Owner, directly or indirectly, of securities of the Ultimate Parent Company representing 10% or more of the combined voting
power of the Ultimate Parent Company’s then outstanding securities, increases that Person’s beneficial ownership of those securities by 5% or more over the percentage so owned by that Person on the date of this Agreement; or

  

	 	(d)	the Board adopts a resolution to the effect that, for purposes of this Agreement, a Potential Change in Control has occurred. 

“Shares” means shares of the common stock, $0.01 par value, of the Ultimate Parent Company. 

“Severance Payments” means the payments described in Section 3.2. 

“Ultimate Parent Company” means Zimmer Holdings, Inc., a Delaware corporation, and any successor to its business and/or
assets. 

 
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 Change in Control Severance Agreement 

 
  

 Annex 2 
 GENERAL RELEASE 
  

			
	Name:
                                         
                       	  	Notification Date:
                        

 Zimmer GmbH. (the “Company”) has offered me certain severance benefits (the “Severance Benefits”)
pursuant to a Change in Control Severance Agreement (“Agreement”) between the Company and me. I will only be able to receive the Severance Benefits in consideration for my signing this General Release. 

The Company has advised me of, and I acknowledge the following: 
 I have 30 days from the date I receive this General Release to consider and sign it. If I do not return this signed General Release in 30 days (INSERT DATE), the Company will consider this my refusal to
sign, and I will not receive the Severance Benefits. If I do sign this General Release, it will become immediately effective. 
 By signing this
General Release I am giving up my right to sue the Company, and any affiliates, parent companies and subsidiaries, and their past, present and future officers, directors, employees, and agents (collectively, the “Released Parties”) based
upon any act or event occurring prior to my signing this General Release, to the fullest extent permitted by law. Without limitation, and again to the fullest extent permitted by law, I specifically release the Company from any and all claims
arising out of my employment and termination, including claims based on the Swiss Code of Obligations, the Labour Act and all applicable federal, cantonal and local laws. 
 For the sake of clarification, I acknowledge that this General Release shall not affect my legal obligation to protect the confidentiality of the Company’s information or any of my existing
obligations under the Confidentiality, Non-Competition and Non-Solicitation Agreement that I executed during my employment with the Company (the “Non-Competition Agreement”), and I hereby reaffirm my covenants and obligations under the
Non-Competition Agreement. 
 By signing this General Release, none of my benefits will be affected to which I am entitled under the Agreement
or any claim arising out of the enforcement of the Agreement. 
 My signature below acknowledges that I have read the above, understand what I
am signing, and am acting of my own free will. The Company has advised me to consult with an attorney and any other advisors of my choice prior to signing this General Release. 

 

			
	SIGNATURE
                                         
                             	  	DATE
                                
		
	PRINT NAME

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