Document:

Employee Stock Purchase Plan, including form of Subscription Agreement

 Exhibit 4.7 
 GEVO, INC. 
 EMPLOYEE STOCK PURCHASE PLAN 

(Effective as of February 14, 2011) 
  

	 	I.	PURPOSE 

 The Gevo, Inc. Employee Stock Purchase
Plan (the “Plan”) is intended to provide eligible employees of the Company and one or more of its Corporate Affiliates with the opportunity to acquire a proprietary interest in the Company through participation in a plan designed to
qualify as an employee stock purchase plan under Section 423 of the Internal Revenue Code (the “Code”) (although the Company makes no undertaking or representation to maintain such qualification). Terms herein that begin with
initial capital letters shall have the defined meaning set forth under Section II below, or elsewhere when the term first appears and is defined. 
 In addition, the Plan authorizes the grant of purchase rights which do not qualify under Code Section 423 pursuant to Addenda adopted by the Plan Administrator designed to achieve desired tax,
securities law or other objectives for eligible employees of the Company or one or more of the Company’s Corporate Affiliates or Designated Affiliates. 
  

	 	II.	DEFINITIONS 

 For purposes of administration of
the Plan, the following terms shall have the meanings indicated: 
 (a) “Addenda” means the rules, procedures
or sub-plans, if any, adopted by the Plan Administrator as a part of the Sub-Plan, pursuant to which purchase rights that do not satisfy the requirements for “employee stock purchase plans” that are set forth under Code Section 423
may be granted to eligible employees in particular locations outside the United States pursuant to the Sub-Plan. 
 (b)
“Board” means the Board of Directors of the Company. 
 (c) “Company” means Gevo, Inc., a
Delaware corporation, and any corporate successor to all or substantially all of the assets or voting stock of Gevo, Inc. which shall by appropriate action adopt the Plan. 
 (d) “Corporate Affiliate” means any company which is either the parent corporation or a subsidiary corporation of the Company (as determined in accordance with Code Section 424),
including any parent or subsidiary corporation which becomes such after the Effective Date. 
 (e) “Designated
Affiliate” means any corporation, partnership, joint venture or other business entity in which the Company owns, directly or indirectly, stock or a capital or profit interest and with respect to which the Company possesses the power to
direct or cause the direction of the management and policies. 

 (f) “Effective Date” means the later of (i) the date on which
shareholders of the Company approve this Plan, and (ii) the date on which the Company consummates an initial public offering of its Shares. 
 (g) “Eligible Earnings” means (i) the regular basic earnings paid to a Participant by one or more Gevo Entities, (ii) any salary deferral contributions made on behalf of the
Participant to a Code Section 401(k) Plan, Code Section 125 Plan or any nonqualified deferred compensation plan plus (iii) overtime payments, bonuses and commissions. There shall be excluded from the calculation of Eligible Earnings:
(I) all distributions from profit-sharing, nonqualified deferred compensation, welfare benefits and other employee benefit plans and other incentive-type payments (other than bonuses and commissions) and (II) all contributions (other than
salary deferral contributions made to a Code Section 401(k) Plan, Code Section 125 Plan, or any nonqualified deferred compensation plan) made by the Company or any other Gevo Entity for the Participant’s benefit under any employee
benefit or welfare plan now or hereafter established. 
 (h) “Employee” means any person whom the Company or
any other Participating Company classifies as an employee for purposes of Code Section 3401. 
 (i) “Gevo
Entity” means the Company and all Corporate Affiliates and Designated Affiliates. 
 (j) “Participant”
means any Employee of a Participating Company who is actively participating in the Plan. 
 (k) “Participating
Company” means the Company and each and every Gevo Entity that may be designated from time to time by the Plan Administrator. 
 (l) “Plan Administrator” shall be the Company’s Compensation Committee of the Board, provided that the Board may at any time (i) appoint a person or other committee to serve in
such capacity, and (ii) act in lieu of the Compensation Committee on any matter authorized for administrative action under the Plan. 
 (m) “Stock” means shares of the common stock of the Company. 

(n) “Sub-Plan” means the Company’s International Employee Stock Purchase Plan (if and when established by the Plan
Administrator). 
  

	 	III.	ADMINISTRATION 

 The Plan shall be administered
by the Board or by the Plan Administrator. The Plan Administrator (whether the Board or the Committee) shall have full authority to administer the Plan, including authority to interpret and construe any provision of the Plan, to adopt such rules and
regulations for administering the Plan as it may deem necessary in order to comply with the requirements of Code Section 423 and to adopt Addenda designed to achieve desired tax, securities law or other objectives for eligible employees of the
Company or one or more of the Company’s Corporate Affiliates or Designated Affiliates in particular locations outside the United States. Decisions of the Plan Administrator (or its designate) shall be final and binding on all parties who have
an interest in the Plan. 

	 	IV.	PURCHASE PERIODS 

 (a) Stock
shall be offered for purchase under the Plan through a series of successive purchase periods until such time as (i) the maximum number of shares of Stock available for issuance under the Plan and the Sub-Plan shall have been purchased or
(ii) the Plan shall have been sooner terminated in accordance with Article IX. 
 (b) Under no circumstances shall any
purchase rights granted under the Plan be exercised, nor shall any shares of Stock be issued hereunder, until such time as the Company shall have complied with all applicable requirements of the Securities Act of 1933 (as amended), all applicable
listing requirements of any securities exchange on which the Stock is listed and all other applicable requirements established by law or regulation. 
 (c) The Plan shall be implemented in a series of consecutive purchase periods, each to be of such duration (not to exceed twenty-four (24) months per purchase period) as determined by the Plan
Administrator prior to the commencement date of the purchase period; provided that the first purchase period shall begin not sooner than the Effective Date and shall end on the last day of the first calendar month that begins thereafter, and with
subsequent purchase periods coinciding with each subsequent calendar month, subject to the discretion of the Plan Administrator to prospectively (after at least 15 days advance notice to affected Employees) establish purchase periods at monthly,
quarterly or semi-annual intervals over the term of the Plan. The Plan Administrator will announce the date each purchase period will commence and the duration of that purchase period in advance of the first day of such purchase period. 

(d) The Participant shall be granted a separate purchase right for each purchase period in which he/she participates. The purchase right
shall be granted on the first day of the purchase period and shall be automatically exercised on the last U.S. business day of that purchase period or any earlier day the purchase right is to be exercised hereunder. 

(e) An Employee may participate in only one purchase period at a time. Accordingly, an Employee who wishes to join a new purchase period
must withdraw from the current purchase period in which he/she is participating prior to the last day of the current purchase period in which the Employee participates and must also enroll in the new purchase period prior to the start date of that
new purchase period at such time and in such manner as the Plan Administrator, in its discretion, requires. The Plan Administrator, in its discretion, may require an Employee who withdraws from one purchase period to wait one full purchase period
before re-enrolling in a new purchase period under the Plan. 
  

	 	V.	ELIGIBILITY AND PARTICIPATION 

(a) Subject to Section VIII below, each individual who is an Employee of a Participating Company on the commencement date of any purchase
period under the Plan shall be eligible to participate in the Plan for that purchase period, unless at the time the purchase period commences, the individual has been an Employee for less than one year. Unless otherwise determined by the Plan
Administrator for any future purchase period, the Employees who are eligible to participate in the Plan must be Employees who are regularly scheduled to work more than twenty (20) hours per week, more than 550 hours per year, and more than five
(5) months per calendar year. 

 (b) In order to participate in the Plan for a particular purchase period, the Employee must
complete the enrollment forms prescribed by the Plan Administrator (including a subscription agreement and a payroll deduction authorization, the initial form of which are attached hereto under Appendix A) and file such forms with the
Plan Administrator (or its designate) no later than the day designated by the Plan Administrator in its discretion. 
 (c) The
payroll deduction authorized by a Participant for purposes of acquiring Stock under the Plan may be any multiple of 1% of the Eligible Earnings of the Participant during the period the purchase right remains outstanding, up to a maximum equal to the
lesser of (i) 10% of the Participant’s Eligible Earnings per purchase right (or U.S.$50 if greater), and (ii) 25% of the Participant’s Eligible Earnings that remain after subtracting all other amounts that are to be deducted or
withheld from such Eligible Earnings per purchase right. The limitations of clause (ii) above in this Section V(c) shall only apply to this Plan and not to the Sub-Plan. The deduction rate so authorized shall continue in effect for the entire
period the purchase right remains outstanding, unless the Participant shall, prior to the end of the purchase period for which the purchase right will remain in effect, reduce such rate by filing the appropriate form with the Plan Administrator (or
its designate). The reduced rate shall become effective as soon as practicable following the filing of such form. Payroll deductions, however, will automatically cease upon the termination of the Participant’s purchase right in accordance with
Sections VII(d) or (e) below. 
  

	 	VI.	STOCK SUBJECT TO PLAN 

 (a) The
Stock purchasable by Participants under the Plan shall be authorized but unissued Stock, or Stock purchased on the open market in arms’ length transactions in accordance with applicable securities laws. The total number of shares which may be
issued under the Plan and the Sub-Plan attached hereto as Exhibit A including any Addenda, in the aggregate shall not exceed 1,285,643 shares (subject to adjustment under subparagraph (b) below). 

(b) In the event any change is made to the Stock purchasable under the Plan by reason of (I) any merger, consolidation or
reorganization or (II) any stock dividend, stock split, recapitalization, combination of shares or other change affecting the outstanding Stock as a class without the Company’s receipt of consideration, then unless such change occurs in
connection with a Section VII(k) transaction, appropriate adjustments shall be made by the Plan Administrator to (i) the class and maximum number of shares issuable in the aggregate over the term of the Plan and the Sub-Plan, (ii) the
class and maximum number of shares purchasable per Participant on any one purchase date, and (iii) the class and number of shares and the price per share of the Stock subject to each purchase right at the time outstanding under the Plan.

  

	 	VII.	PURCHASE RIGHTS 

 An Employee who participates in
the Plan for a particular purchase period shall have the right to purchase Stock upon the terms and conditions set forth below and shall execute a subscription agreement embodying such terms and conditions and such other provisions (not inconsistent
with the Plan) as the Plan Administrator may deem advisable. A subscription agreement may provide that it shall remain in effect for indefinitely for future purchase periods, subject to (i) the individual’s

 
right to terminate the subscription agreement by written notice to the Plan Administrator in advance of a future purchase period, and (ii) the Plan Administrator’s discretion to
determine during a purchase period, by written notice to all affected Participants, that all such subscription agreements shall prospectively expire at the end of that purchase period or a designated one thereafter. 

(a) Purchase Price. The U.S. Dollar purchase price per share shall initially be 95% of the fair market value of the Stock on
the last day of each applicable purchase period, provided that the Plan Administrator may before any future purchase period establish a different formula for determining the purchase price provided such price is at least equal to the lesser of
(i) 85% of the fair market value per share of Stock on the date on which the purchase right is granted or (ii) 85% of the fair market value per share of Stock on the date the purchase right is exercised on the last day of the purchase
period. For purposes of determining such fair market value (and for all other valuation purposes under the Plan), the fair market value per share of Stock on any relevant date shall be the closing selling price per share on such date, as officially
quoted on the principal exchange on which the Stock is at the time traded or, if not traded on any such exchange, the closing selling price per share of the Stock on such date, as reported on the Nasdaq Global Market. If there are no sales of Stock
on such day, then the closing selling price for the Stock on the next preceding day for which there does exist such quotation shall be determinative of fair market value. 
 (b) Number of Purchasable Shares. The number of shares purchasable by a Participant upon the exercise of an outstanding purchase right shall be the number of whole shares obtained by dividing the
amount collected from the Participant through payroll deductions during each purchase period the purchase right remains outstanding by the purchase price in effect for that purchase period. Any remaining amount in the Participant’s account
shall be automatically refunded to the Participant. Under no circumstances shall purchase rights be granted under the Plan to any Employee if such Employee would, immediately after the grant, own (within the meaning of Code Section 425(d)), or
hold outstanding options or other rights to purchase, stock possessing 5% or more of the total combined voting power or value of all classes of stock of the Company or any of its Corporate Affiliates. In addition, the accrual limitations of Section
VIII shall apply to all purchase rights. 
 (c) Payment. Payment for Stock purchased under the Plan shall be effected by
means of the Participant’s authorized payroll deductions. Such deductions shall begin on the first pay day coincident with or immediately following the commencement date of the relevant purchase period and, unless terminated earlier pursuant to
Sections VII(d) or (e) below, shall terminate with the pay day ending with or immediately prior to the last day of the purchase period. The amounts so collected shall be credited to the book account maintained by the Company on the
Participant’s behalf under the Plan, but no interest shall be paid on the balance from time to time outstanding in such book account. The amounts collected from a Participant may be commingled with the general assets of the Company and may be
used for general corporate purposes. 
 (d) Withdrawal from Purchase Period. 

(i) A Participant may withdraw from a purchase period by filing the prescribed notification form with the Plan Administrator (or its
designate) on or prior to the date required by the Plan Administrator in its discretion. No further payroll deductions shall be collected from the Participant with respect to that purchase period, and the Participant shall have the following
election with respect to any payroll deductions for the purchase period collected prior to the withdrawal date: 

 
(A) have the Company refund, in the currency originally collected, the payroll deductions which the Participant made under the Plan during that purchase period or (B) have such payroll
deductions held for the purchase of shares at the end of such purchase period. If no such election is made, then such payroll deductions shall automatically be refunded at the end of such purchase period, in the currency originally collected.

 (ii) The Participant’s withdrawal from a particular purchase period shall be irrevocable and shall also require the
Participant to re-enroll in the Plan (by making a timely filing of a new subscription agreement and payroll deduction authorization) if the Participant wishes to resume participation in a subsequent purchase period. 

(e) Termination of Employment/Leave of Absence. Except as provided in Section VII(l) below, if a Participant ceases to remain an
Employee while his/her purchase right remains outstanding, then such purchase right shall immediately terminate and all sums previously collected from the Participant during the purchase period in which such termination occurs shall be promptly
refunded to the Participant. However, should the Participant die or become permanently disabled while in Employee status or should the Participant cease active service by reason of a leave of absence, then the Participant (or the person or persons
to whom the rights of the deceased Participant under the Plan are transferred by will or by the laws of descent and distribution) shall have the election, exercisable up until the end of the purchase period in which the Participant dies or becomes
permanently disabled or in which the leave of absence commences, to (i) withdraw all the funds in the Participant’s payroll account at the time of his/her cessation of Employee status or the commencement of such leave or (ii) have
such funds held for the purchase of shares at the end of such purchase period. If no such election is made, then such funds shall automatically be held for the purchase of shares at the end of such purchase period. In no event, however, shall any
further payroll deductions be added to the Participant’s account following his/her cessation of Employee status or the commencement of such leave. Should the Participant return to active service (x) within ninety (90) days following
the commencement of his/her leave of absence or (y) prior to the expiration of any longer period for which such Participant’s right to reemployment with the Company is guaranteed by statute or contract, then his/her payroll deductions
under the Plan shall automatically resume upon his/her return at the rate in effect at the time the leave began, and if a new purchase period begins during the period of the leave, then the Participant will automatically be enrolled in that purchase
period at the rate of payroll deduction in effect for him/her at the time the leave commenced, but payroll deductions for that purchase period shall not actually begin until the Participant returns to active service. However, an individual who
returns to active employment following a leave of absence that exceeds in duration the applicable (x) or (y) time period will be treated as a new Employee for purposes of subsequent participation in the Plan and must accordingly re-enroll
in the Plan (by making a timely filing of the prescribed enrollment forms) on or before the start date of any subsequent purchase period in which he or she wishes to participate. 

For purposes of the Plan: (a) a Participant shall be considered to be an Employee for so long as such Participant remains in the
active employ of the Company or any other Participating Company under the Plan, and (b) a Participant shall be deemed to be permanently disabled if he/she is unable, by reason of any medically determinable physical or mental impairment expected
to result in death or to be of continuous duration of at least twelve (12) months, to engage in any substantial gainful employment. 

 (f) Stock Purchase. The Stock subject to the purchase right of each Participant
(other than Participants whose purchase rights have previously terminated in accordance with Sections VII(d) or (e) above) shall be automatically purchased on the Participant’s behalf on the last U.S. business day of the purchase period
for which such purchase right remains outstanding. The purchase shall be effected by applying the amount credited to each Participant’s book account, as converted into U.S. Dollars if necessary, on the last U.S. business date of the purchase
period to the purchase of whole shares of Stock (subject to the limitations on the maximum number of purchasable shares set forth in Section VII(b)) at the purchase price in effect for such purchase period. 

(g) Proration of Purchase Rights. Should the total number of shares of Stock to be purchased pursuant to outstanding purchase
rights on any particular date exceed the number of shares then available for issuance under the Plan and the Sub-Plan, the Plan Administrator shall make a pro-rata allocation of the available shares on a uniform and nondiscriminatory basis, and any
amounts credited to the accounts of Participants shall, to the extent not applied to the purchase of Stock, be refunded to the Participants, in the currency originally collected. 

(h) Shareholder Rights. A Participant shall have no rights as a shareholder with respect to shares covered by the purchase rights
granted to the Participant under the Plan until the shares are actually purchased on the Participant’s behalf in accordance with Section VII(f). No adjustments shall be made for dividends, distributions or other rights for which the record date
is prior to the purchase date. 
 (i) ESPP Broker Account. The shares purchased on behalf of each Participant shall be
deposited directly into a brokerage account which the Company shall establish for the Participant at a Company-designated brokerage firm. The account will be known as the ESPP Broker Account. The Plan Administrator may adopt such policies and
procedures for the Plan as it determines is appropriate, including policies and procedures regarding the transfer of shares from a Participant’s ESPP Broker Account before those shares have been held for the requisite period necessary to avoid
a disqualifying disposition of such shares under the U.S. Federal tax laws; provided that a Participant who terminates employment may within 30 days thereafter direct that all shares credited to his or her ESPP Broker Account be transferred to a
broker or other person designated in writing by the Participant. 
 (j) Assignability. No purchase rights granted under
the Plan shall be assignable or transferable by a Participant other than by will or by the laws of descent and distribution, and during the Participant’s lifetime the purchase rights shall be exercisable only by the Participant. 

(k) Merger or Liquidation of Company. In the event the Company or its shareholders enter into an agreement to dispose of all or
substantially all of the assets or outstanding capital stock of the Company by means of a sale, merger or reorganization in which the Company will not be the surviving corporation (other than a reorganization effected primarily to change the State
in which the Company is incorporated, a merger or consolidation with a wholly-owned Subsidiary, or any other transaction in which there is no substantial change in the shareholders of the Company or their relative stock holdings, regardless of
whether the Company is the surviving corporation) or in the event the Company is liquidated, then all outstanding purchase rights under the Plan shall automatically be exercised immediately prior to the consummation of such sale, merger,
reorganization or liquidation by applying all sums previously collected from Participants during the purchase period of such transaction to the purchase of whole shares of Stock, subject, however, to the applicable limitations of Section VII(b).

 (l) Acquisitions and Dispositions. The Plan Administrator may, in its sole and
absolute discretion and in accordance with principles under Code Section 423, create special purchase periods for individuals who become Employees solely in connection with the acquisition of another company or business by merger,
reorganization or purchase of assets and may provide for special purchase dates for Participants who will cease to be Employees solely in connection with the disposition of all or a portion of any Participating Company or a portion of the Company,
which purchase periods and purchase rights granted pursuant thereto shall, notwithstanding anything stated herein, be subject to such terms and conditions as the Plan Administrator considers appropriate in the circumstances. 

(m) Notice by Participants of Disqualifying Dispositions. As a condition for Plan participation, each Participant agrees that the
Company shall be notified, through the ESPP Broker Account (or by the Participant in writing if the Participant’s Stock is not held therein), immediately after any sale or transfer of Stock that is both purchased through the Plan and is sold or
disposed of within the two year period beginning with the purchase period in which the Stock was purchased. 
  

	 	VIII.	ACCRUAL LIMITATIONS 

 (a) No
Participant shall be entitled to accrue rights to acquire Stock pursuant to any purchase right outstanding under this Plan if and to the extent such accrual, when aggregated with (I) Stock rights accrued under other purchase rights outstanding
under this Plan and (II) similar rights accrued under other employee stock purchase plans (within the meaning of Code Section 423) of the Company or any Corporate Affiliate, would otherwise permit such Participant to purchase more than
Twenty-Five Thousand U.S. Dollars (US$25,000) worth of stock of the Company or any Corporate Affiliate (determined on the basis of the fair market value of such stock on the date or dates such rights are granted to the Participant) for each calendar
year such rights are at any time outstanding. 
 (b) For purposes of applying the accrual limitations of Section VIII(a), the
right to acquire Stock pursuant to each purchase right outstanding under the Plan shall accrue as follows: 
 (i) The right to
acquire Stock under each such purchase right shall accrue as and when the purchase right first becomes exercisable on the last U.S. business day of each purchase period the right remains outstanding. 

(ii) No right to acquire Stock under any outstanding purchase right shall accrue to the extent the Participant has already accrued in the
same calendar year the right to acquire Twenty-Five Thousand U.S. Dollars (US$25,000) worth of Stock (determined on the basis of the fair market value on the date or dates of grant) pursuant to one or more purchase rights held by the Participant
during such calendar year. 
 (iii) If by reason of the Section VIII(a) limitations, one or more purchase rights of a
Participant do not accrue for a particular purchase period, then the payroll deductions which the Participant made during that purchase period with respect to such purchase rights shall be promptly refunded in the currency originally collected.

 (c) In the event there is any conflict between the provisions of this Article VIII and one
or more provisions of the Plan or any instrument issued thereunder, the provisions of this Article VIII shall be controlling. 
  

	 	IX.	AMENDMENT AND TERMINATION 

 (a)
The Board or the Compensation Committee of the Board may from time to time alter, amend, suspend or discontinue the Plan; provided, however, that no such action shall adversely affect purchase rights at the time outstanding under the Plan unless
necessary or desirable to comply with any applicable law, regulation or rule; and provided, further, that no such action of the Board or the Compensation Committee of the Board may, without the approval of the shareholders of the Company, increase
the number of shares issuable under the Plan (other than adjustments pursuant to Sections VI(b) and VII(b)), alter the purchase price formula so as to reduce the purchase price specified in the Plan, or materially modify the requirements for
eligibility to participate in the Plan. 
 (b) Without shareholder approval and without regard to whether any Participant rights
may be considered to have been “adversely affected,” the Plan Administrator shall be entitled to, in addition to, and without limitation with respect to, what is permitted pursuant to Section IX(a), cancel or change the purchase periods,
limit the frequency and/or number of changes in the amount withheld during a purchase period, establish the exchange ratio applicable to amounts withheld in a currency other than U.S. dollars, permit payroll withholding in excess of the amount
designated by a Participant in order to adjust for delays or mistakes in the Company’s processing of properly completed enrollment forms, establish reasonable waiting and adjustment periods and/or accounting and crediting procedures to ensure
that amounts applied toward the purchase of Stock for each Participant properly correspond with amounts withheld from the Participant’s Eligible Earnings, and establish such other limitations or procedures as the Plan Administrator determines
in its sole discretion advisable which are consistent with the Plan. 
  

	 	X.	GENERAL PROVISIONS 

 (a) The Plan
shall terminate upon the earlier of (i) ten years after its Effective Date, or (ii) the date on which all shares of Stock available for issuance under the Plan and the Sub-Plan shall have been sold pursuant to purchase rights exercised
under the Plan and the Sub-Plan. 
 (b) All costs and expenses incurred in the administration of the Plan shall be paid by the
Company. 
 (c) The laws of the State of Delaware shall have control over all matters and disputes arising under the Plan.

 GEVO, INC. 
 EMPLOYEE STOCK PURCHASE PLAN 
  

 
 Appendix A:

 Subscription Agreement 
  

 

 GEVO, INC. 
 EMPLOYEE STOCK PURCHASE PLAN 
 SUBSCRIPTION AGREEMENT 

Purpose of this Form: 

        Original Enrollment 
         Change in Payroll Deduction Rate 

        Change of Beneficiary(ies) 
 Date of this Form:             ,          

1. I,
                                        ,
hereby elect to participate in the Gevo, Inc. Employee Stock Purchase Plan (the “ESPP”), and subscribes to purchase Common Shares of the Company in accordance with this Subscription Agreement and the ESPP. 

2. I hereby acknowledge receiving a copy of the ESPP and the prospectus dated
            , 2011 describing its terms, and understand that my participation in the ESPP is entirely voluntary, and is in all respects subject to the terms and conditions of the
ESPP. 
 3. I hereby authorize payroll deductions from each paycheck in the amount of     % (not to
exceed 25%) of my “Eligible Earnings” (as defined in the ESPP) on each payday during each purchase period beginning after the date I have designated above. (Please note that no fractional percentages are permitted.) 

4. I understand that my payroll deductions shall be accumulated for the purchase of common shares of Gevo, Inc. at the applicable
purchase price determined in accordance with the ESPP. I understand that if I do not withdraw from a purchase period, any accumulated payroll deductions will be used to automatically exercise my option to purchase such shares. 

5. Shares purchased for me under the ESPP will be held by the ESPP’s broker in my name, until and unless I request issuance of the
shares in accordance with the broker’s standard procedures. 
 6. I understand that if I dispose of any shares received by
me pursuant to the ESPP within 2 years after the first day of the purchase period in which I buy them, than I will be treated for Federal income tax purposes as having received ordinary income at the time of such disposition in an amount equal to
the excess of the fair market value of the shares at the time such shares were purchased by me over the price which I paid for the shares. 
 I HEREBY AGREE TO NOTIFY THE COMPANY IN WRITING WITHIN 30 DAYS AFTER THE DATE OF ANY DISPOSITION OF SHARES AND I WILL MAKE ADEQUATE PROVISION FOR FEDERAL, STATE OR OTHER TAX WITHHOLDING OBLIGATIONS, IF
ANY, WHICH ARISE UPON THE DISPOSITION OF THE COMMON STOCK. The Company may, but will not be obligated to, withhold from my compensation the 

 
amount necessary to meet any applicable withholding obligation including any withholding necessary to make available to the Company any tax deductions or benefits attributable to sale or early
disposition of Common Shares by me. If I dispose of such shares at any time after the expiration of the 2-year holding period, I understand that I will be treated for Federal income tax purposes as having received income only at the time of such
disposition, and that such income will be taxed as ordinary income only to the extent of an amount equal to the lesser of (1) the excess of the fair market value of the shares at the time of such disposition over the purchase price which I paid
for the shares, or (2) 5% of the fair market value of the shares on the last day of the Purchase Period. The remainder of the gain, if any, recognized on such disposition will be taxed as capital gain. I UNDERSTAND THAT NOTHING IN THIS
AGREEMENT CONSTITUTES TAX ADVICE, AND I ACKNOWLEDGE THAT THE COMPANY HAS ENCOURAGED ME TO CONSULT MY OWN TAX ADVISOR WITH REGARD TO THE TAX CONSEQUENCES OF PARTICIPATING IN THE 2010 EMPLOYEE STOCK PURCHASE PLAN. 

7. I hereby agree to be bound by the terms of the ESPP. The effectiveness of this Subscription Agreement is dependent upon my eligibility
to participate in the ESPP. 
 8. In the event of my death, I hereby designate the following as my beneficiary(ies) to receive
all payments and Shares due me under the 2010 Employee Stock Purchase Plan: 
  

									
	BENEFICIARY’S NAME:	 	  

		 	(First)    (Middle)    (Last)	 		  		  	
		
	                             
        	 	  

	Relationship to Me	 	
		 	  

		 	(Address)	 		  		  	

 I UNDERSTAND THAT THIS SUBSCRIPTION AGREEMENT SHALL REMAIN IN EFFECT THROUGHOUT SUCCESSIVE PURCHASE PERIODS
UNLESS TERMINATED BY ME AND CONFIRM THAT THE FOLLOWING INFORMATION IS TRUE AND CORRECT. 
  

			
	My Social Security Number:	 	  

		
	My Permanent Address:	 	  

		
		 	  

		
		 	  

		
	Dated:
                            	 	  

		 	Signature of Employee
		
	Dated:
                            	 	  

		 	Spouse’s Signature
		 	(If beneficiary other than spouse)2011 Mobility Incentive Plan

 Exhibit 10.1 
 MOTOROLA MOBILITY HOLDINGS, INC. 
 2011 Mobility Incentive Plan

 Overview 
 This 2011
Mobility Incentive Plan has been established by Motorola Mobility Holdings, Inc. to retain eligible Employees through competitive rewards, attract premier talent, align individual efforts with business goals, and reward Employees for strong business
performance. The Plan is based on successive calendar-year performance periods commencing 1 January 2011. The Plan is being implemented pursuant to the terms and conditions of the 2011 Incentive Compensation Plan, and is subject to the
limitations set forth therein with respect to the annual amount payable to each Participant. Terms that begin with initial capital letters have the special meanings set forth in the “Definitions” section below, unless the Committee
determines that the context clearly indicates otherwise. 
 All awards under the Plan are payable solely at the discretion of the Compensation
and Leadership Committee (“CLC”); subject to the authority of the MIP Committee to make awards to Participants who are not Covered Persons either at the time of the award or with respect to the Plan Year to which the award relates. The
performance factors and formula described below under “Award Guidelines” and “Establishing Performance Measures and Goals” are mere guidelines, and do not create legally binding rights for any Participant. Accordingly, no
Participant should expect to receive any award based on past award practices or application of the Plan’s performance guidelines to a particular Plan Year. This is because the CLC and the MIP Committee will make Plan awards solely in their
discretion, such that — 
  

	 	(i)	the right of the CLC and the MIP Committee to prospectively or retroactively modify “Individual Performance Factors” (as defined below), as well as to take
into account or to disregard any other factors that they consider appropriate, in order to apportion the total awards payable for any Plan Year in a manner that best suits the Company’s needs, goals, and objectives, and

  

	 	(ii)	the maximum Plan award, in the case of any Participant who is listed in Schedule 1 hereof as a Covered Person for a Plan Year being limited to the amount
that the Committee determines according to Schedule 1 based on its application of the “Award Guidelines” with respect to each such Participant. 

  
 1 

 The foregoing means, for instance, that exactly the same individual performance in different years could
result in vastly different Plan awards, as well as in the assignment of vastly different Individual Performance Factors that could range from 0 to the highest allowable factor (with 0 being possible even if performance is satisfactory or better,
depending on CLC and MIP Committee discretion about apportioning the Plan’s bonus pool). Because of this level of Company discretion, the following terms and conditions serve only as a general guide for determining amounts payable pursuant to
the Plan, and no Participant has a vested right to payment of any particular amount under the Plan, whether or not such Participant is an Employee on the date on which payments are made to Participants. 

Eligibility 
 To be eligible to
participate in this Plan, an individual must be: 
  

	 	•	 	 A full-time or part-time Employee of the Company assigned to a Participating Organization; 

 

	 	•	 	 Not a participant in any other annual group incentive or bonus plan (e.g., sales incentive plans, etc.); and 

 

	 	•	 	 The Employee must meet one of the following conditions: 

 

	 	•	 	 The Employee is active on a Company payroll as of the date that the award is paid; 

 

	 	•	 	 The Employee is on a Leave of Absence as of the date that the award is paid; 

 

	 	•	 	 The Employee Retired from the Company during the Plan Year while actively employed or from a Leave of Absence; 

 

	 	•	 	 The Employee died during the Plan Year while actively employed by the Company or while on a Leave of Absence; 

  
 2 

	 	•	 	 The Employee separated from the Company during the Plan Year under certain circumstances in connection with a reduction in force or restructuring,
which circumstances are described in the “Administration” section below; or 

  

	 	•	 	 The Employee separated from the Company during the Plan Year under certain circumstances in connection with a Divestiture, which circumstances are
described in the “Administration” section below. 

 The MIP Committee may modify the foregoing eligibility
provisions to exclude groups of Employees on a country-wide or business unit/organizational basis as the MIP Committee deems necessary or appropriate. Employees should be aware that meeting the eligibility requirements above does not guarantee or
create a vested right in any award. 
 Award Guidelines 
 Awards will be determined and paid after the close of each Plan Year on which the awards are based. The award amount may be based in whole or in part on Eligible Earnings, the Target Award Percentage, and
the Business and Individual Performance Factors, as follows: 
  

																	
	Award	  	=	  	 Eligible
 Earnings
	  	*	 	 Target Award
 Percentage
	  	*	 	 Business
 Performance Factor
	  	*	 	 Individual
 Performance Factor

 Target Award Percentages and Eligible Earnings for each
Plan Year for Participants who are Covered Persons shall be determined by the CLC during the first quarter of the Plan Year. Target Award Percentages for each Plan Year for all other Participants shall be determined by salary grade by country by the
MIP Committee; subject to the discretion of the MIP Committee to make, in its discretion, individualized determinations for any Participant or group of Participants other than Covered Persons. Business Performance Factors shall be based on financial
and non-financial factors as may be determined by the CLC in its complete discretion. 
 Individual Performance Factors are based on the
performance of the Participants in contributing to the Company’s business performance. Managers will select an Individual Performance Factor for each Participant; provided, however, that Individual Performance Factors are limited to the range
of 0x to 3x. The MIP Committee may determine additional limitations and guidelines regarding the selection of 

  
 3 

 
Individual Performance Factors. The Individual Performance Factor selected for any Participant may be modified, within the range authorized herein, by the CLC, at its sole discretion, at any time
up to, and including, the date on which payments are made to Participants for a Plan Year; provided that the MIP Committee may make such discretionary modifications with respect to any Participants other than Covered Persons. 

Establishing Performance Measures and Goals 
 Annually, the CLC will establish the following for the Plan Year no later than the 90th day of the Plan Year: 
  

	 	•	 	 Performance measures – the specific financial and/or non-financial measures that will be used to determine the Business Performance Factors
for that year, and the relative weighting of each measure. 

  

	 	•	 	 Payout scales – for the Company and its business units, the specific performance minimums, targets, and maximums and the corresponding
percentage payout. 

 At the end of the Plan Year, the Committee will review full year performance and the corresponding
management recommendations regarding each Business Performance Factor. The CLC, in its discretion, will determine the final Business Performance Factor. 
 Payout Process 
  

	 	•	 	 All awards will be paid in cash. Payment will be made as soon as administratively practical during (and, in the absence of unforeseeable circumstances,
not later than April 30th of) the calendar year immediately following the close of a Plan Year (unless a Participant makes an irrevocable election under any deferred compensation arrangement subject to Section 409A of the Internal Revenue
Code of 1986, as amended, to defer payment of a portion of the Participant’s award, in which case such payment, if any, shall be made in accordance with such election). 

 

	 	•	 	 A Participant does not earn, and shall have no right to receive, any award payment under this Plan until that award is paid, and the maximum Plan
award, in the case of any Participant who is a Covered Person, shall not exceed the amount that the Committee determines according to Schedule 1 based on its application of the formula set forth above under “Award Guidelines” to such
Participant. 

  
 4 

 General Provisions 
  

	 	•	 	 Awards are subject to all applicable withholding taxes and other required deductions, as determined by the Company in its discretion.

  

	 	•	 	 The Plan will not be available to Employees who are subject to the laws of any jurisdiction which prohibits any provisions of this Plan or in which tax
or other business considerations make participation impracticable in the judgment of the MIP Committee. 

  

	 	•	 	 This Plan does not constitute a guarantee of employment nor does it restrict the Company’s rights to terminate employment at any time or for any
reason. 

  

	 	•	 	 The Plan and any individual award are offered gratuitously at the sole discretion of the Company. The Plan merely serves as a general guide for
determining individual awards, and does not create vested rights of any nature nor does it constitute a contract of employment, a promise for earned income, or a contract of any other kind. The Plan does not create any customary concession or
privilege to which there is any entitlement from year-to-year, except to the extent required under applicable law. Determination of a specific award amount does not create an earned or vested right in any Participant to payment on or before such
date in which such award is paid. Nor does the Plan restrict the Company’s rights to increase or decrease the compensation of any Employee, except as otherwise required under applicable law. 

 

	 	•	 	 Except as explicitly provided by law, the awards under this Plan shall not become a part of any employment condition, regular salary, remuneration
package, contract or agreement, but shall remain gratuitous in all respects. Awards are not to be taken into account for determining overtime pay, severance pay, termination pay, pay in lieu of notice, or any other form of pay or compensation.

  

	 	•	 	 Except as explicitly provided by law, this Plan is provided at the Company’s sole discretion and the CLC may modify or terminate the Plan at any
time, prospectively or retroactively, 

  
 5 

	 	 
without notice or obligation for any reason (subject to the discretion of the MIP Committee to take any of the foregoing action at any time and from time to time with respect to Participants
other than Covered Persons). In addition, there is no obligation to extend the Plan or establish a replacement plan in subsequent years. 

  

	 	•	 	 All awards to Covered Persons are subject to the terms and conditions of the Recoupment Policy. The Recoupment Policy provides for determinations by
the Company’s independent directors of a Policy Restatement. In the event of a Policy Restatement, the Company’s independent directors may require, among other things, reimbursement of the gross amount of any bonus or incentive
compensation paid to the Covered Person hereunder if and to the extent the conditions set forth in the Recoupment Policy apply. Any determinations made by the independent directors in accordance with the Recoupment Policy shall be binding upon the
Covered Person. The Recoupment Policy is in addition to any other remedies which may be otherwise available at law, in equity or under contract, to the Company. 

 

	 	•	 	 The Plan shall not be funded in any way. The Company shall not be required to establish any special or separate fund or to make any other segregation
of assets to assure the payment of awards. To the extent any person acquires a right to receive payment under the Plan, such right will be no greater than the right of an unsecured general creditor of the Company. 

 

	 	•	 	 Award opportunities may not be sold, transferred, pledged, assigned, or otherwise alienated or hypothecated, other than by will or by the laws of
descent and distribution. 

 Administration 

 

	 	•	 	 The CLC has the overall responsibility for administering and amending this Plan, subject to the following: 

 

	 	•	 	 Except to the extent the potential award to a Participant who is a Covered Person for a Plan Year could be increased (such increases being prohibited
after the 90th day of such Plan Year), the CLC, in its discretion, can for good reason modify the Business Performance Factors at any time on or before the Company’s payment of awards for the associated Plan Year, and can at any time and from
time to time include or exclude individual items from the calculation of the Business Performance Factors. 

  
 6 

	 	•	 	 The CLC has delegated to the MIP Committee the authority to manage the day-to-day administration of the Plan including without limitation the
discretionary authority to (i) administer and interpret the terms of the Plan, and (ii) amend the Plan only as necessary or desirable to reflect any ministerial, administrative or managerial functions; provided that any such amendment does
not alter the Business Performance Factor once established by the CLC for any Plan Year and provided that any such amendment does not increase the total payout under the Plan unless such increase is minor and due to increased Target Award
Percentages, additional Participants, or other administrative changes. 

  

	 	•	 	 The CLC delegates to the Chief Executive Officer of the Company the authority to make adjustments to (i) the final Business Performance Factors,
and (ii) any Individual Performance Factors for Participants other than himself, including the authority to adjust any Individual Performance Factor for any Participant in excess of the 3x multiple described above; provided, however, that such
adjustments shall be subject to approval by the CLC, and shall not (I) increase the amount payable to any Covered Person, or (II) change the aggregate cost of Plan awards beyond ten percent (10%) above or below the aggregate amount
generated by application, to the Company’s full year performance results, of the performance measures and payout scales as approved by the CLC. 

 

	 	•	 	 The CLC will approve the final Business Performance Factors, following a review of the underlying calculations, including any adjustments to the
performance measures during the course of or with respect to the performance year. 

  

	 	•	 	 The CLC will approve at the close of the Plan Year the aggregate dollar payout amount. Approval of the aggregate dollar payout amount does not

  
 7 

	 	 
create an earned or vested right to payment in any Participant and individual awards are subject to modification in accordance with the terms set forth above, on or before the date on which such
awards are paid. 

  

	 	•	 	 Notwithstanding the foregoing, the CLC specifically reserves to itself the authority to set the initial Target Award Percentage and to determine any
final award payment for any Participant who is a Covered Person. 

  

	 	•	 	 Any claims for payments under the Plan or any other matter relating to the Plan must be presented in writing to the MIP Committee within 60 days after
the event that is the subject of the claim. The MIP Committee will then provide a response within 60 days, which shall be final and binding. 

  

	 	•	 	 Because employee retention is an important objective of this Plan and awards do not bear a precise relationship to time worked within the calendar
year, individual performance during the Plan Year, or length of service with the Company, the following guidelines apply to Participants who separate from employment (payroll) prior to the end of the Plan Year: 

 

	 	•	 	 If the reason for separation is death or Retirement, whether or not the Participant is then on a Leave of Absence, the Participant shall be eligible
for a pro rata award using Eligible Earnings for the time actually worked during the Plan Year. Any such award payable on behalf of a deceased Participant shall be paid to the decedent’s estate. 

 

	 	•	 	 If (i) the reason for the Participant’s separation from employment is a reduction in force or restructuring, and (ii) the Participant
receives separation pay and/or benefits as part of a group-wide voluntary or involuntary separation plan, and (iii) in locations where the receipt of some or all of such separation pay or benefits is conditioned on the Participant signing a
release or waiver of claims against the Company, the Participant has signed such release or waiver, and (iv) the Participant is not an appointed vice president or elected officer of Motorola Mobility Holdings, Inc., Motorola Mobility, Inc. or
any of their subsidiaries or affiliates, the Participant shall be eligible for a pro rata award using Eligible Earnings for the time actually worked during the Plan Year. 

  
 8 

	 	•	 	 If the reason for separation is due to a Divestiture that requires Board of Directors approval, then the CLC, in its discretion, shall determine if the
Participant is eligible for an award, if any. If the reason for separation from employment is due to a Divestiture that does not require Board of Directors approval, then the MIP Committee shall determine, in its discretion, if the Participant is
eligible for an award, if any. 

  

	 	•	 	 For any other Participant who separates from employment prior to the payment date for awards with respect to a Plan Year, such Employee shall not
receive any award under this Plan for such Plan Year. Exceptions can only be made with the approval of the Chief People Officer, or as otherwise required by law. 

 

	 	•	 	 A Participant on any type of Leave of Absence shall not be considered to be actually working during the Leave of Absence for purposes of this Plan.

  

	 	•	 	 Awards for transferred, promoted or demoted Participants will be calculated using (i) the Individual Performance Factor assigned at the end of the
Plan Year (unless modified by the CLC prior to payment of the award, in which event the modified Individual Performance Factor will be used) and (ii) the Target Award Percentages and Business Performance Factors prorated for the portions of the
Plan Year the Participant was assigned different target awards or was in different Participating Organizations during the Plan Year; provided, however, that the Target Award Percentage and Eligible Earnings may not be increased without CLC approval
for any Participant who is a Covered Person for the Plan Year. 

  

	 	•	 	 The MIP Committee may modify the foregoing administrative provisions as it deems necessary or appropriate to apply to groups of employees on a
country-wide or business unit/organizational basis as it deems necessary or appropriate. 

 Definitions 

Company: Motorola Mobility Holdings, Inc. and its subsidiaries and affiliates. 
 CLC: the Compensation and Leadership Committee of the Company’s Board of Directors. 

  
 9 

 Covered Persons: officers (as such term is defined in Rule 16a-1(f) under the Securities
Exchange Act of 1934) of the Company. 
 Divestiture: the sale, lease, outsourcing arrangement, spin off or similar transaction wherein a
subsidiary is sold or whose shares are distributed to the stockholders of Motorola Mobility Holdings, Inc., or any other type of asset transfer or transfer of any portion of a facility or any portion of a discrete organizational unit of the Company
or a subsidiary. 
 Eligible Earnings: the MIP Committee will determine Eligible Earnings for Employees in each country, consistent with
their respective legal and practical requirements; provided that the Eligible Earnings for any Covered Person will not exceed the person’s annual base salary as determined based on Eligible Earnings for the period from January 1 to
March 31 of the relevant Plan Year. The MIP Committee may determine inclusions and exclusions from Eligible Earnings to apply to groups of employees on a country-wide or business unit/organizational basis as the MIP Committee deems necessary or
appropriate. 
 Employee: a person in an employee-employer relationship with the Company whose base wage or base salary is processed for
payment by the payroll department(s) of the Company or a subsidiary and not by any other department of the Company. The term Employee shall exclude the following: 
  

	 	•	 	 Any independent contractor, consultant, or individual performing services for the Company who has entered into an independent contractor or consultant
agreement; 

  

	 	•	 	 Any individual performing services under an independent contractor or consultant agreement, a purchase order, a supplier agreement or any other
agreement that the Company enters into for services; 

  

	 	•	 	 Any person classified by the Company as a temporary or contract labor (such as black badges, brown badges, contractors, contract employees, job
shoppers) regardless of the length of service; and 

  

	 	•	 	 Any “leased employee” as defined in Section 414(n) of the U.S. Internal Revenue Code of 1986, as amended. 

  
 10 

 Such individuals shall be precluded from retroactive participation in the Plan even if a
court or governmental or regulatory entity subsequently reclassifies such individuals as common law employees of the Company on a retroactive basis. 
 Incentive Compensation Plan: the Motorola Mobility Holdings, Inc. 2011 Incentive Compensation Plan, as amended, or any successor plan. 
 Leave of Absence: an approved leave of absence. 
 MIP Committee: a committee to
which the CLC may delegate certain powers and duties as described above. Unless otherwise determined, the MIP Committee will consist of the Company’s Chief People Officer (Chairman), the Company’s Chief Financial Officer, and the
Company’s General Counsel. The MIP Committee may establish self-governance procedures such as by-laws, and shall keep minutes regarding all actions taken by the MIP Committee. Notwithstanding the foregoing the Chief Executive Officer of the
Company may act on behalf of the MIP Committee with respect to any matter within its authority (in any such instance, the Chief Executive Officer shall be subject to all terms and conditions of the Plan that relate to the MIP Committee). 

Participant: an Employee who meets the eligibility requirements set forth above. 
 Participating Organization: any subsidiary or affiliate of the Company, except those that are designated in writing by the CLC. 
 Plan: the 2011 Mobility Incentive Plan, as amended from time to time. 
 Plan Year:
calendar-year performance periods commencing each 1 January. 
 Policy Restatement: a restatement of the Company’s financial
results caused by the intentional misconduct of a Covered Person. 
 Recoupment Policy: the Company’s Policy Regarding Recoupment of
Incentive Payments upon a Policy Restatement, as it may be amended from time to time. 
 Retired or Retirement: this Plan utilizes
the definition of “retiree” and retirement that appears in the Company’s 401(k) or other primary retirement plan covering the Participant in the case of normal or early retirement. 

  
 11 

 Applicable Law 
 To the extent not preempted by federal law, or otherwise provided by local law, the Plan will be construed in accordance with, and governed by, the laws of the state of Delaware without regard to any
state’s conflicts of laws principles. Any legal action related to this Plan shall be brought only in a federal or state court located in Illinois. 

  
 12

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