Document:

Form of Director Restricted Stock Unit Award Agreement

 Exhibit 10.iii.c. 
 THE MOSAIC COMPANY 
 RESTRICTED STOCK UNIT AWARD AGREEMENT 
 This RESTRICTED STOCK UNIT AWARD AGREEMENT (the “Agreement”) is made this
       day of                 , 20        , (the “Grant
Date”) by and between The Mosaic Company, a Delaware corporation (the “Company”) and
                         (the “Participant”), who is a non-employee director on the Board
of Directors of the Company. 
 1. Award. The Company hereby grants to Participant an award of
                         restricted stock units (“RSUs”), each RSU representing the right to receive one share
of common stock, par value $.01 per share (the “Common Stock”), of the Company according to the terms and conditions set forth herein and in The Mosaic Company 2004 Omnibus Stock and Incentive Plan (the “Plan”). The
RSUs are granted under Section 6(c) of the Plan. A copy of the Plan has been furnished to Participant. 
 2. Vesting; Forfeiture;
Payment Date. Except as otherwise provided in this Agreement, the RSUs awarded to a Participant shall vest on the first anniversary of the Grant Date and be paid to the Participant on the third anniversary of the Grant Date. If Participant
ceases to be a director prior to the first anniversary of the Grant Date, the director shall forfeit the RSUs awarded under this Agreement unless (i) the Participant dies (in which case the RSUs shall immediately vest), or (ii) the
Governance Committee of the Board of Directors in its sole discretion decides to vest in whole or in part the RSUs awarded to the Participant. If the Participant is removed as a director at any time for cause in accordance with the Company’s
bylaws, the director shall forfeit the RSUs awarded under this Agreement. A director need not continue to serve as a director through the third anniversary of the Grant Date to receive payment of the RSUs. An acceleration of vesting shall not
accelerate the payment date (except in the case of the Participant’s death), which shall remain the third anniversary of the Grant Date. 
 3. Restrictions on Transfer. The RSUs shall not be transferable other than by will or by the laws of descent and distribution. Each right under this Agreement shall be exercisable during Participant’s lifetime only by
Participant or, if permissible under applicable law, by Participant’s legal representative. Until the date that the RSUs are paid pursuant to Section 2, none of the RSUs or the shares of Common Stock issuable upon payment thereof (the
“Shares”) may be sold, assigned, transferred, pledged, hypothecated or otherwise disposed of, and any purported sale, assignment, transfer, pledge, hypothecation or other disposition shall be void and unenforceable against the
Company, and no attempt to transfer the RSUs or the Shares, whether voluntarily or involuntarily, by operation of law or otherwise, shall vest the purported transferee with any interest or right in or with respect to the RSUs or the Shares.
Notwithstanding the foregoing, Participant may, in the manner established pursuant to the Plan, designate a beneficiary or beneficiaries to exercise the rights of Participant and receive payment of the RSUs if the Participant dies prior to payment.

 4. Adjustments. The number of Shares are subject to equitable adjustment as provided in Section 4(c) of the Plan. 

5. Dividend Equivalents. Notwithstanding Section 6 hereof, for record dates that occur before the Company issues a Participant any Shares
for a vested RSU, the Participant shall 

 
be entitled to receive dividend equivalent amounts if dividends are declared by the Board of Directors on the Company’s Common Stock. The dividend
equivalent amounts shall be an amount of cash per RSU equal to the dividends per share paid to common stockholders of the Company. The dividend equivalent amounts shall be accrued (without interest and earnings) rather than paid when a dividend is
paid on a share of the Company’s Common Stock. The dividend equivalent amounts for an RSU shall be subject to the same vesting and payment rules as the RSU. If an RSU is forfeited, the dividend equivalents on the RSU are forfeited. The Company
shall pay the dividend equivalents on an RSU when the Company makes payment with respect to the RSU in accordance with Section 6 hereof (i.e., within thirty (30) days after the third anniversary of the Grant Date). 
 6. Miscellaneous. 
 (a)
Payment. Except in the case of the Participant’s death, no payment shall be made prior to the third anniversary of the Grant Date. The Participant may make an election to be paid up to 50% of the RSUs awarded to the Participant in cash
rather than Shares. The Participant must make this election during an open trading window under the Company’s Policy Regarding Insider Trading and Tipping that occurs prior to the third anniversary of the Grant Date (to the extent the
Participant is subject to such policy at the time of election), and in any event at a time when the Participant is not in possession of any material non-public information concerning the Company. If no election is made by the Participant prior to
the third anniversary of the Grant Date, all RSUs shall be paid in Shares. The amount of cash payable to Participant pursuant to any such election shall equal the number of RSUs subject to such election, multiplied by the Fair Market Value, as
defined in Section 2(l) of the Plan, of a Share on the third anniversary of the Grant Date. The Company shall pay and deliver to the Participant within thirty (30) days after the third anniversary of the Grant Date (i) the cash value,
as of the third anniversary of the Grant Date, of the portion of the RSUs, if any, that the Participant has elected to receive in cash, together with all dividend equivalent amounts, if any, accrued with respect to all RSUs granted hereunder in
accordance with Section 5 hereof, and (ii) with respect to the portion of the RSUs the Participant is entitled to receive as Shares, a certificate or certificates, registered in the name of Participant, or in the name of Participant’s
legal representatives, beneficiaries or heirs, as the case may be, evidencing such vested whole Shares, and shall cause such certificate or certificates to be delivered to Participant or Participant’s legal representatives, beneficiaries or
heirs, as the case may be. The value of any fractional Shares shall be paid in cash at the time certificates evidencing the Shares are delivered to Participant. If the Participant dies, the RSUs awarded to the Participant shall be distributed to the
Participant’s Beneficiary in a single lump sum cash payment (rather than stock) on the date that is ninety (90) days after the date of the Participant’s death or as soon as administratively reasonable in the same calendar year
following that date, with the amount of such payment equal to the number of RSUs awarded to the Participant, multiplied by the Fair Market Value of a Share on the date of death. 
 (b) Income Tax Matters. The Company may take such action as it deems appropriate to ensure that all applicable federal or state payroll,
withholding, income or other taxes, if any, which are the sole and absolute responsibility of Participant, are withheld or collected from Participant. The Company shall not be required to withhold amounts unless required by applicable law.
Participant acknowledges that, because Participant is a non-employee director of 

  

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the Company, the Company is not subject to any federal or state income tax withholding obligations with respect to the RSUs awarded to Participant hereunder.

 (c) Plan Provisions Control. In the event that any provision of the Agreement conflicts with or is inconsistent in any respect with
the terms of the Plan, the terms of the Plan shall control. Any term not otherwise defined in this Agreement shall have the meaning ascribed to it in the Plan. 
 (d) No Rights of Stockholders. Neither Participant, Participant’s legal representative nor a permissible assignee of this award shall have any of the rights and privileges of a stockholder of the Company
with respect to the Shares, unless and until such Shares have been issued in accordance with the terms hereof. 
 (e) No Right to
Directorship. The issuance of the RSUs or the Shares shall not be construed as giving Participant the right to continue as a director of the Company, nor will it affect in any way the right of the Company to terminate such directorship at any
time in accordance with its bylaws. In addition, the Company may at any time terminate the term of a director of the Company in accordance with its bylaws free from any liability or any claim under the Plan or the Agreement. Nothing in the Agreement
shall confer on any person any legal or equitable right against the Company or any Affiliate, directly or indirectly, or give rise to any cause of action at law or in equity against the Company or an Affiliate. By participating in the Plan,
Participant shall be deemed to have accepted all the conditions of the Plan and the Agreement and the terms and conditions of any rules and regulations adopted by the Committee and shall be fully bound thereby. 
 (f) Governing Law. The validity, construction and effect of the Plan and the Agreement, and any rules and regulations relating to the Plan and the
Agreement, shall be determined in accordance with the internal laws, and not the law of conflicts, of the State of Delaware. Participant hereby submits to the nonexclusive jurisdiction and venue of the federal or state courts of Delaware to resolve
any and all issues that may arise out of or relate to the Plan or the Agreement. 
 (g) Securities Matters. The Company shall not be
required to deliver Shares until the requirements of any federal or state securities or other laws, rules or regulations (including the rules of any securities exchange) as may be determined by the Company to be applicable are satisfied. 

(h) Severability. If any provision of the Agreement is or becomes or is deemed to be invalid, illegal or unenforceable in any jurisdiction or
would disqualify the Agreement under any law deemed applicable by the Committee, such provision shall be construed or deemed amended to conform to applicable laws, or if it cannot be so construed or deemed amended without, in the determination of
the Committee, materially altering the purpose or intent of the Plan or the Agreement, such provision shall be stricken as to such jurisdiction or the Agreement, and the remainder of the Agreement shall remain in full force and effect. 

(i) No Trust or Fund Created. Participant shall have no right, title, or interest whatsoever in or to any investments that the Company, its
Subsidiaries, and/or its Affiliates may 

  

 3 

 
make to aid it in meeting its obligations under the Plan. Neither the Plan nor the Agreement shall create or be construed to create a trust or separate fund
of any kind or a fiduciary relationship between the Company or any Affiliate and Participant or any other person. 
 (j) Headings.
Headings are given to the Sections and subsections of the Agreement solely as a convenience to facilitate reference. Such headings shall not be deemed in any way material or relevant to the construction or interpretation of the Agreement or any
provision thereof. 
 IN WITNESS WHEREOF, the Company and Participant have executed this Agreement on the date set forth in the first
paragraph. 
  

			
	THE MOSAIC COMPANY
		
	By:	 	  

	Name:	 	  

	Title:	 	  

	
	PARTICIPANT
	
	  

	Name:	 	  

  

 41999 Executive Deferred Compensation Plan, as amended

 Exhibit 10.1 
 MULTI-COLOR CORPORATION 
 1999
EXECUTIVE DEFERRED COMPENSATION PLAN 
 As Amended and Restated 
 Effective January 1, 2005 

 TABLE OF CONTENTS 
  

					
	 	  	 	  	Page
	ARTICLE I	  	    Purpose and Applicability	  	2
	 1.1
	  	Purpose	  	2
	 1.2
	  	Applicability	  	2
	ARTICLE II	  	    Definitions	  	3
	 2.1
	  	Base Compensation	  	3
	 2.2
	  	Beneficiary	  	3
	 2.3
	  	Benefit Amount	  	3
	 2.4
	  	Board	  	3
	 2.5
	  	Code	  	3
	 2.6
	  	Company	  	3
	 2.7
	  	Company Contribution Credits	  	3
	 2.8
	  	Compensation	  	3
	 2.9
	  	Effective Date	  	3
	 2.10
	  	Election Date	  	4
	 2.11
	  	Election Form	  	4
	 2.12
	  	Elective Deferral Credits	  	4
	 2.13
	  	Eligibility Date	  	4
	 2.14
	  	Employee	  	4
	 2.15
	  	ERISA	  	4
	 2.16
	  	Fiscal Year	  	4
	 2.17
	  	Interest Credits	  	4
	 2.18
	  	Key Employee	  	4
	 2.19
	  	Key Executive	  	4
	 2.20
	  	Participant	  	5
	 2.21
	  	Participant Account	  	5
	 2.22
	  	Performance-Based Compensation	  	5
	 2.23
	  	Plan	  	5
	 2.24
	  	Plan Administrator	  	5
	 2.25
	  	Plan Year	  	5
	 2.26
	  	Prior Plan	  	5

  

 -i- 

 TABLE OF CONTENTS 
 (continued) 
  

					
	 	  	 	  	Page
	 2.27
	  	Retirement Age	  	5
	 2.28
	  	Separation from Service	  	5
	 2.29
	  	Specified Employee	  	6
	 2.30
	  	Specified Employee Effective Date	  	6
	 2.31
	  	Specified Employee Identification Date	  	6
	 2.32
	  	Years of Service	  	6
	ARTICLE III	  	    Eligibility To Participate	  	7
	 3.1
	  	Eligibility	  	7
	 3.2
	  	Cessation of Participation	  	7
	 3.3
	  	Provisions of the Plan Binding on Participants	  	7
	ARTICLE IV	  	    Participation And Account Credits	  	8
	 4.1
	  	Establishment of Accounts	  	8
	 4.2
	  	Company Contribution Credits	  	8
	 4.3
	  	Elective Deferral Credits	  	8
	 4.4
	  	Elections	  	8
	 4.5
	  	Interest Credits	  	9
	ARTICLE V	  	    Vesting	  	10
	 5.1
	  	Vesting Schedule	  	10
	 5.2
	  	Prior Service	  	10
	 5.3
	  	Early Retirement	  	10
	ARTICLE VI	  	    Funding Status	  	11
	ARTICLE VII	  	    Payment of Benefits	  	12
	 7.1
	  	Time and Manner of Payment	  	12
	 7.2
	  	Form of Payment	  	12
	 7.3
	  	No Deferral of Payment	  	12
	 7.4
	  	Sole Medium for Providing of Benefits	  	12
	ARTICLE VIII	  	    Amendment and Termination	  	13
	 8.1
	  	Amendment	  	13
	 8.2
	  	Amendment to Ensure Proper Characterization of Plan	  	13
	 8.3
	  	Termination	  	13

  

 -ii- 

 TABLE OF CONTENTS 
 (continued) 
  

					
	 	  	 	  	Page
	 ARTICLE IX
	  	    Claims For Benefits	  	14
	 9.1
	  	Claims Procedures	  	14
	 ARTICLE X
	  	    Miscellaneous	  	16
	 10.1
	  	No Beneficial Interest	  	16
	 10.2
	  	Spendthrift Clause	  	16
	 10.3
	  	Employment Contract and Other Arrangements	  	16
	 10.4
	  	Titles and Headings	  	16
	 10.5
	  	Parties to Agreement	  	16
	 10.6
	  	Governing Law	  	16
	 10.7
	  	Gender	  	16
	 10.8
	  	Interpretation of Agreement	  	16
	 10.9
	  	No Assets Held Outside the United States	  	16
	 10.10
	  	Compliance of the Plan	  	17

  

 -iii- 

 MULTI-COLOR CORPORATION 
 1999 EXECUTIVE DEFERRED COMPENSATION PLAN 
 As Amended and Restated

 Effective January 1, 2005 
 WHEREAS, Multi-Color Corporation, a publicly-traded corporation with its principal office and place of business in Sharonville, Ohio (“Company”), adopted the Multi-Color
Corporation 1999 Executive Deferred Compensation Plan (“Prior Plan”), an unfunded deferred compensation plan maintained for a select group of management or highly compensated employees, and 
 WHEREAS, the Company desires to amend the Prior Plan to conform the provisions of the Prior Plan to section 409A of
the Internal Revenue Code of 1986, as amended (“Code”), added by section 885 of the American Jobs Creation Act of 2004, Public Law 108-357 (“AJCA”), and Treasury Regulations and guidance promulgated there under, and 

WHEREAS, the Compensation and Organization Development Committee of the Board of Directors of the Company has
authorized and approved the amendment and restatement of the Prior Plan in the form of the Multi-Color Corporation 1999 Executive Deferred Compensation Plan (“Plan”) as set forth herein, and 
 NOW, THEREFORE, the Company hereby approves and adopts the Plan, which shall read as follows:

  

 1 

 ARTICLE I 
 PURPOSE AND APPLICABILITY 
 1.1 Purpose. The purpose of the Plan is to provide
certain Key Executives with a deferred compensation benefit measured by the bookkeeping accounts established and maintained hereunder in order to provide termination of employment and related benefits taxable pursuant to sections 451 and 457 of the
Code. The Plan is intended to be a top-hat plan (i.e. an unfunded deferred compensation plan maintained for a select group of management or highly compensated employees) under sections 201(2), 301(a)(3), and 401(a)(1) of the Employee Retirement
Income Security Act of 1974 (“ERISA”), as amended. 
 1.2 Applicability. The provisions of the Plan shall apply only
to the Key Executives listed (or here after listed) on Schedule A, and shall extend to the balance of the amounts credited to such Key Executive’s Participant Account on the day prior to the Effective Date. The rights and benefits, if any, of
persons who were participants in the Prior Plan prior to the Effective Date, but who are not employed by the Company on the Effective Date, shall be determined in accordance with the provisions of the Prior Plan in effect on the date their
employment terminated, except to the extent necessary to comply with section 409A of the Code. 
  

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 ARTICLE II 
 DEFINITIONS 
 As used in this Plan, the terms set forth below shall have the following meanings,
which shall be equally applicable to both the singular and plural forms defined: 
 2.1 Base Compensation. Base
Compensation means the annual salary in effect as of the first day of a Fiscal Year (or a date thereafter for a newly-hired Employee) which is set by the Compensation and Organization Development Committee on behalf of an Employee for services to be
rendered to the Company, excluding any Performance-Based Compensation. The term Base Compensation shall be limited to Base Compensation to or on behalf of an Employee during that portion of the Fiscal Year in which the Employee was a Participant in
the Plan. 
 2.2 Beneficiary. Beneficiary means the individuals or entities identified by the Participant on a
beneficiary designation form provided by the Company or, in the absence of such designation, the executor or administrator of the estate of the deceased Participant. 
 2.3 Benefit Amount. Benefit Amount means the vested portion of the bookkeeping account balance of the Participant’s Participant Account, determined at the time of payment. 
 2.4 Board. Board means the Board of Directors of the Company. 
 2.5 Code. Code means the Internal Revenue Code of 1986, as it may be amended from time to time. 
 2.6 Company. Company means Multi-Color Corporation, an Ohio publicly-traded corporation, and its successors and assigns, unless otherwise
herein provided, or any other corporation or business organization that, with the consent of Multi-Color Corporation, or its successors or assigns, assumes the Company’s obligations hereunder, or any other corporation or business organization
that agrees, with the consent of the Company, to become a party to the Plan. 
 2.7 Company Contribution Credits. Company
Contribution Credits means the amount credited to a Participant Account under Section 4.2. 
 2.8 Compensation.
Compensation means Base Compensation and/or Performance-Based Compensation, which ever the case may be. 
 2.9 Effective Date.
Effective Date means the effective date of the amendment and restatement of the Prior Plan, which shall be January 1, 2005, except as otherwise specifically provided herein. 
  

 3 

 2.10 Election Date. Election Date means the dates described in Section 4.4.

 2.11 Election Form. Election Form means the form(s) completed by a Participant and submitted to the Company reflecting the
Participant’s deferral election pursuant to Sections 4.3 and 4.4. 
 2.12 Elective Deferral Credits. Elective Deferral
Credits means the amount credited to a Participant Account from time to time pursuant to Section 4.3. 
 2.13 Eligibility
Date. Means the date designated by the Compensation and Organization Development Committee for a Key Executive to begin participating in the Plan. 
 2.14 Employee. Employee means any person employed by the Company. 
 2.15 ERISA.
ERISA means the Employee Retirement Income Security Act of 1974, as it has been and may be amended from time to time. Reference to any section of ERISA shall include any provision successor thereto. 
 2.16 Fiscal Year. Fiscal Year means the consecutive twelve-month period beginning on the first day of April in each year and ending
on the last day of March. 
 2.17 Interest Credits. Interest Credits means the amount added to a Participant Account from time
to time pursuant to Section 4.5. 
 2.18 Key Employee. A Key Employee is an Employee who constitutes a key employee within
the meaning of section 416(i)(1)(A)(i), (ii), or (iii) of the Code (applied in accordance with the regulations there under and disregarding section 416(i)(5)) at any time during the 12-month period ending on the Specified Employee
Identification Date (generally, a key employee under Code section 416(i)(1)(A) is an Employee who, at any time, during the Plan Year, is (i) an officer of the Company having annual compensation greater than $130,000 (as adjusted), (ii) a
5-percent owner of the Company, or (iii) a 1-percent owner of the Company having annual compensation from the Company of more than $150,000 (as adjusted)). Provided that, for purposes of determining a Specified Employee by applying the
definition of compensation under section 416(1)(1)(i), (ii) and (iii), the definition of compensation under Treasury regulation section 1.415(c)-2(a) shall be used, applied as if the Company were not using any safe harbor provided in Treasury
regulation section 1.415(c)-2(d), were not using any of the specified timing rules provided in Treasury regulation section 1.415(c)-2(e), and were not using any of the special rules provided in Treasury regulation section 1.415(c)-2(g). If an
Employee is a Key Employee as of the Specified Employee Identification Date, the Employee shall be treated as a Key Employee for the entire 12-month period beginning on the following Specified Employee Effective Date. 
 2.19 Key Executive. Key Executive means an Employee of the Company who is determined by the Board to be a member of “a select group of
management or highly compensated employees” of the Company, within the meaning of the Employee Retirement Income Security Act of 1974, as amended, and who is designated in writing 

  

 4 

 
by the Compensation and Organization Development Committee as eligible to participate in the Plan. 
 2.20 Participant. Participant means each Key Executive (or former Key Executive) of the Company who is participating in the Plan pursuant
to Section 3.1 (or Section 3.2). 
 2.21 Participant Account. Participant Account means the bookkeeping account
established and maintained for a Participant pursuant to Section 4.1. 
 2.22 Performance-Based Compensation.
Performance-Based Compensation means “performance-based compensation” within the meaning of section 409A(a)(4)(B)(iii) of the Code and the Treasury Regulations promulgated there under. 
 2.23 Plan. Plan means the amended and restated Multi-Color Corporation 1999 Executive Deferred Compensation Plan provided for herein, as it
may be amended from time to time. 
 2.24 Plan Administrator. Plan Administrator means the Compensation and Organization
Development Committee or such other person or entity designated from time to time by the Company. 
 2.25 Plan Year. Plan Year
means the consecutive twelve-month period beginning on the first day of January in each year and ending on the last day of December during which the Plan is in effect. Provided that, effective April 1, 2008, the Plan Year means the consecutive
twelve-month period beginning on the first day of April in each year and ending on the last day of the following March during which the Plan is in effect. The three-month consecutive period beginning on January 1, 2008 and ending on
March 31, 2008, shall be a short Plan Year. 
 2.26 Prior Plan. Prior Plan means the Multi-Color Corporation 1999
Executive Deferred Compensation Plan, as constituted on the day prior to the Effective Date. 
 2.27 Retirement Age. Retirement
Age means age sixty (60). 
 2.28 Separation from Service. “Separation from Service” means that the Participant dies,
retires, or otherwise has a termination of employment with the Company. Whether a termination of employment has occurred is determined based on whether the facts and circumstances indicate that the Company and Participant reasonably anticipated that
no further services would be performed after a certain date or, to the extent required by Treasury regulations or Internal Revenue Service guidance, that the level of bona fide services the Participant would perform after such date (whether as an
Employee or as an independent contractor) would permanently decrease to no more than 20 percent of the average level of bona fide services performed (whether as an Employee or an independent contractor) over the immediately preceding 36-month period
(or the full period of services to the Company if the Participant has been providing services to the Company less than 36 months). 
  

 5 

 2.29 Specified Employee. Specified Employee means an Employee who, as of the date of the
Participant’s Separation from Service, is a Key Employee. 
 2.30 Specified
Employee Effective Date. Specified Employee Effective Date means April 1st following the Specified Employee Identification Date. 

2.31 Specified Employee Identification Date. Specified Employee Identification
Date means December 31st of each Plan Year. 
 2.32 Years of Service. Years of Service means the period of an individual’s continuous service with the Company measured from the individual’s date of hire, with one year credited at each
successive anniversary of such date. 
  

 6 

 ARTICLE III 
 ELIGIBILITY TO PARTICIPATE 
 3.1 Eligibility. Each Key Executive listed on Schedule A
who was a Participant in the Plan on the day before the Effective Date such shall continue to be a Participant in the Plan on the Effective Date. Each other Key Executive listed on Schedule A who was not a Participant on the day before the Effective
Date shall begin participating in the Plan on such Key Executive’s Eligibility Date. Thereafter, the Compensation and Organization Development Committee of the Board, in its sole discretion, may name additional Key Executives as eligible to
participate in the Plan, and upon naming a Key Executive, shall designate an Eligibility Date for the Key Executive to begin participating in the Plan. 
 3.2 Cessation of Participation. The Compensation and Organization Development Committee may terminate the continued participation of any Participant in the Plan if the Board, in its sole discretion,
determines that: (a) such person is no longer a Key Executive; or (b) the Plan results in federal income tax consequences different from those anticipated by the Company. A Participant who has terminated employment with the Company, or
ceases to be a Key Executive, shall cease to be a Participant at the time that the Participant’s Benefit Amount is paid to the Participant or the Participant’s Beneficiary. If the Plan is terminated pursuant to Section 8.3, a
Participant shall cease to be a Participant at the time the Benefit Amount is paid to the Participant or the Participant’s Beneficiary. 
 3.3 Provisions of the Plan Binding on Participants. Upon becoming a Participant, the Participant and such Participant’s Beneficiary shall be bound then and thereafter by the terms of the Plan, including all amendments
thereof. 
  

 7 

 ARTICLE IV 
 PARTICIPATION AND ACCOUNT CREDITS 
 4.1 Establishment of Accounts. A Participant
Account shall be established and maintained for each Participant. Each Participant Account shall be a bookkeeping account reflecting the Company Contribution Credits, Elective Deferral Credits, Interest Credits and Other Account Adjustments
allocable with respect to a Participant pursuant to this Article. The balance of each Participant Account shall be communicated in writing to the Participant as of the last day of each Fiscal Year or on a more frequent basis as may be determined by
the Company. 
 4.2 Company Contribution Credits. As of the last day of the Company’s Fiscal Year, each Participant
Account shall reflect the addition of a contribution of eight percent (8%), or such higher amount as the Board shall determine in its sole discretion, of such Participant’s Base Compensation in effect for that Fiscal Year; provided, however,
that the Participant is employed by the Company on the last day of the Fiscal Year. 
 4.3 Elective Deferral Credits.
Each Participant shall be entitled to elect that a whole or one-half percentage of the Participant’s Compensation be deferred and contributed by the Company to the Plan as Elective Deferral Credits by so indicating on an Election Form. In
order to be effective, a Participant’s completed Election Form must be submitted to the Company prior to the Election Date and must relate only to Compensation for services to be performed subsequent to the Election Date. All amounts deferred
by a Participant hereunder shall be deducted by the Company from the Compensation of the Participant and credited to the Participant’s Participant Account as Elective Deferral Credits on the last day of the payroll period to which the deferred
amounts relate, or as soon as is reasonably practicable thereafter, and shall be made at the time and in the manner provided in Section 4.4. 
 4.4 Elections. 
 (a) Base Compensation. Base Compensation for services performed during a Plan Year may
be deferred at the Participant’s election only if the election to defer such Base Compensation is made not later than the close of the preceding Plan Year, except that: 
 (i) First Year of Eligibility. In the case of the first year in which a Key Executive becomes eligible to participate in
the Plan, such Base Compensation deferral election shall be made within thirty (30) days after the date the Key Executive becomes eligible to participate in the Plan, with respect to Base Compensation paid for services to be performed after the
election. 
 (b) Performance-Based Compensation. In the case of any Performance-Based Compensation relating to a performance
period of at least twelve 

  

 8 

 
(12) consecutive months (for example, the Fiscal Year of the Company), such Performance-Based Compensation deferral election may be made on or before the
date that is six (6) months (e.g., October 1) before the end of the performance period, provided that the Participant performs services for the Company continuously from the later of the beginning of the performance period or the date the
performance criteria is established through the date an election is made here under. In no event may an election to defer Performance-Based Compensation be made after such Compensation has become “readily ascertainable” within the meaning
of that term under Treasury Regulation section 1.409A-2(a)(8). 
 (i) First Year of Eligibility. In the case of
the first year in which a Participant becomes eligible to participate in the Plan, such Performance-Based Compensation deferral election shall only apply to the Performance-Based Compensation paid for services performed after the election. For this
purpose, the election shall apply to no more than an amount equal to the total amount of the Performance-Based Compensation for the performance period multiplied by the ratio of the number of days remaining in the performance period after the
election over the total number of days in the performance period. 
 Once made, a deferral election shall continue in force indefinitely, until changed by
the Participant on a subsequent Election Form which shall be effective no earlier than for Compensation for services performed during the immediately following Plan Year. 
 4.5 Interest Credits. As of the last day of the Company’s Fiscal Year, each Participant Account shall be adjusted to reflect the applications of an annual interest rate to the balance of each such
Participant Account. Such interest rate shall be the prime rate as listed in the Wall Street Journal on the first day of the Company’s Fiscal Year, plus two percent (2%), compounded quarterly. 
  

 9 

 ARTICLE V 
 VESTING 
 5.1 Vesting Schedule. The portion of each Participant Account attributable to
Company Contribution Credits, and any interest credited thereon, shall vest in accordance with the following schedule: 
  

			
	 Years of Service
	  	Vested Percentage
	       1
	  	20%
	       2
	  	40%
	       3
	  	60%
	       4
	  	80%
	 5 or more
	  	100%

 5.2 Prior Service. The vesting schedule shall be applied by taking into account all
Years of Service with the Company, including service prior to the Effective Date. 
 5.3 Early Retirement. Notwithstanding any
provision of the Plan to the contrary herein, each Participant who has a Separation from Service after obtaining age fifty-five (55) shall be fully vested in his or her Participant Account. 
  

 10 

 ARTICLE VI 
 FUNDING STATUS 
 6.1 By electing to participate hereunder, each Participant accepts the terms
of this Plan. Nothing contained in this Plan shall vest in any Participant or any Beneficiary any special or preferential right, title or interest in or to any amounts credited under the Plan and the amounts credited under the Plan shall at all
times remain subject to the claims of the Company’s general creditors. As such, the obligations of the Company hereunder are not funded or secured in any way that gives Participant or a Beneficiary any rights greater than that of a general
creditor of the Company. 
  

 11 

 ARTICLE VII 
 PAYMENT OF BENEFITS 
 7.1 Time and Manner of Payment. A lump sum payment of the Benefit
Amount shall be paid to a Participant within sixty (60) days after the date of the Participant’s Separation from Service with the Company. Notwithstanding the preceding, the Benefit Amount distributable to a Participant who is a Specified
Employee as of the Participant’s date of Separation of Service may not be made before the date that is six (6) months after such Specified Employee’s date of Separation from Service or, if earlier, the date of the Specified
Employee’s death. If the Company is notified of a Participant’s death prior to payment of the Participant’s Benefit Amount, such payment shall be made to the Participant’s Beneficiary. 
 7.2 Form of Payment. All payments under the Plan shall be made in cash. 
 7.3 No Deferral of Payment. In no event shall a Participant (or the Participant’s estate or Beneficiary if the
Participant has died) elect to otherwise defer the payment of the Participant’s Benefit Amount to a later period, and any Benefit Amount distributed pursuant to this Article VII shall be made by the Company, and received by the Participant
(actually or constructively), in accordance with the rules of Code section 409A(a)(2)(i), and the Treasury Regulations and/or guidance issued there under. 
 7.4 Sole Medium for Providing of Benefits. The sole medium for providing any Benefit Amount under the Plan hereunder shall be the mere promise of the Company. There shall be no recovery against the
Company, officers of the Company, or any affiliates or subsidiaries of the Company. 
  

 12 

 ARTICLE VIII 
 AMENDMENT AND TERMINATION 
 8.1 Amendment. The Compensation and Organization
Development Committee, in its sole discretion, may amend this Plan at any time; provided, however, that any amendment that would impair or reduce the balance of a Participant’s Participant Account (as it exists at the time of the amendment) or
the timing of distribution will be effective as to such Participant only if the Participant consents in writing to the amendment. The Compensation and Organization Development Committee may amend the Plan to exclude any Participant form eligibility
for a Company Contribution Credit for a Fiscal Year, but only if written notice of such exclusion is provided to the Participant prior to the beginning of such Fiscal Year. 
 8.2 Amendment to Ensure Proper Characterization of Plan. Notwithstanding the provisions of Section 8.1, the Plan may be amended by the
Company at any time, retroactively if required, if found necessary, in the opinion of the Company, in order to ensure that the Plan is characterized as a top-hat plan of deferred compensation maintained for a select group of management or highly
compensated employees as described under ERISA sections 201(2), 301(a)(1), and 401(a)(1) and to conform the Plan to the provisions and requirements of any applicable law, including ERISA, the Code, and any regulations (whether in proposed or final
form) and/or guidance issued there under. No such amendment shall be considered prejudicial to any interest of a Participant or Beneficiary hereunder. 
 8.3 Termination. The Board, in its sole discretion, may terminate this Plan at any time in accordance with section 409A of the Code, and any regulations (whether in proposed or final form) and/or
guidance issued there under. 
  

 13 

 ARTICLE IX 
 CLAIMS FOR BENEFITS 
 9.1 Claims Procedures. 
 (a) Claims for Benefits. Any claim shall be made in writing to the Plan Administrator. In the event such a claim is wholly or
partially denied, the Plan Administrator shall notify the claimant of the Plan’s adverse benefit determination within a reasonable period of time, but not later than 90 days after receipt of the claim by the Plan, unless the Plan Administrator
determines that special circumstances require an extension of time (but not to exceed an additional 90 days from the end of the initial period) for processing the claim. If the Plan Administrator determines that an extension of time for processing
is required, written notice of the extension shall be furnished to the claimant prior to the termination of the initial 90-day period. The extension notice shall indicate the special circumstances requiring an extension of time and the date by which
the Plan expects to render the benefit determination. The written or electronic notice shall set forth, in a manner calculated to be understood by the claimant: 
  

	 	(i)	the specific reason or reasons for the adverse determination; 

  

	 	(ii)	reference to the specific Plan provisions on which the determination is based; 

  

	 	(iii)	a description of any additional material or information necessary for the claimant to perfect the claim and an explanation of why such material or information is necessary;
and 

  

	 	(iv)	a description of the Plan’s review procedures and the time limits applicable to such procedures, including a statement of the claimant’s right to bring a civil
action under section 502(a) of ERISA following an adverse benefit determination on review. 

 (b) Appeal of
Adverse Benefit Determination. Within 60 days following the receipt of a notification of an adverse benefit determination, the claimant may appeal the claim and adverse benefit determination to the Plan Administrator for a full and fair
review. Within such 60 days, the claimant or the claimant’s duly authorized representative: 
  

	 	(i)	may request a review upon written notice to the Plan Administrator; 

  

 14 

	 	(ii)	may submit written comments, documents, records, and other information relating to the claim for benefits; and 

  

	 	(iii)	will be provided, upon request and free of charge, reasonable access to, and copies of, all documents, records, and other information relevant to the claimant’s claim
for benefits. 

  

	 	(iv)	The review will take into account all comments, documents, records, and other information submitted by the claimant relating to the claim, without regard to whether such
information was submitted or considered in the initial benefit determination. 

 (c) Decision on Review of
Denial. A decision by the Plan Administrator will be made after receipt of a request for review. The Plan Administrator shall notify a claimant of the Plan’s benefit determination on review within a reasonable period of time, but not
later than 60 days after receipt of the claimant’s request for review by the Plan, unless the Plan Administrator determines that special circumstances require an extension of time for processing the claim. If the Plan Administrator determines
that an extension of time for processing is required (but not to exceed an additional 60 days from the end of the initial period), written notice of the extension shall be furnished to the claimant prior to the termination of the initial 60-day
period. The extension notice shall indicate the special circumstances requiring an extension of time and the date by which the Plan expects to render the determination on review. The Plan Administrator will provide a claimant with written or
electronic notification of a Plan’s benefit determination on review. In the case of an adverse benefit determination, the notification will set forth, in a manner calculated to be understood by the claimant: 
  

	 	(i)	The specific reason or reasons for the adverse determination; 

  

	 	(ii)	reference to the specific Plan provisions on which the benefit determination is based; 

  

	 	(iii)	a statement that the claimant is entitled to receive, upon request and free of charge, reasonable access to, and copies of, all documents, records, and other information
relevant to the claimant’s claim for benefits; and 

  

	 	(iv)	a statement of the claimant’s right to bring an action under ERISA section 502(a). 

 In the case of an adverse benefit determination on review, the Plan Administrator will provide the claimant, upon request and free of charge, access to, and copies of, documents, records, and other information, as
appropriate, that are relevant to the claimant’s claim for benefits and any internal rule, guideline, protocol, or other similar criterion that was relied upon in making the adverse determination. 
  

 15 

 ARTICLE X 
 MISCELLANEOUS 
 10.1 No Beneficial Interest. No person or entity shall acquire any
beneficial interest in an amount under this Plan prior to the date on which the amount becomes payable. 
 10.2 Spendthrift
Clause. No amount provided under this Plan shall be subject in any manner to anticipation, alienation, sale, transfer, assignment, pledge, encumbrance or charge, either voluntary or involuntary, and any attempt to so alienate, anticipate,
sell, transfer, assign, pledge, encumber or charge the same shall be null and void. No such amount shall be liable for or subject to the debts, contracts, liabilities, engagements or torts of any person to whom such amount is or may be payable,
except as required under applicable law. 
 10.3 Employment Contract and Other Arrangements. The adoption and maintenance of
this Plan shall neither be deemed to nor shall it be an employment agreement between the Company and the Participant. 
 10.4 Titles
and Headings. The titles or headings of the Articles and Sections hereof are included solely for convenience and reference and, in the event of any conflict between such titles or headings and the text, the text shall control. 
 10.5 Parties to Agreement. This Plan shall be binding upon and shall operate for the benefit of the Company, its successors and assigns,
and each Participant and his or her heirs, estate and personal representatives. 
 10.6 Governing Law. This Plan shall be
governed and construed in accordance with the laws of the State of Ohio, without giving effect to the principles of conflicts of laws thereof, but subject to preemption of federal law. 
 10.7 Gender. Where necessary or appropriate to the meaning hereof, the singular, plural, masculine, feminine and neuter shall be deemed to
include each other. 
 10.8 Interpretation of Agreement. The Compensation and Organization Development Committee shall have
full authority, in its sole discretion, to interpret the terms of the Plan and make determinations regarding all matters whatsoever relating to the administration of this Plan, including eligibility for, and the amount of, benefits under the Plan.

 10.9 No Assets Held Outside the United States. Any Benefit Amount which may be payable under the Plan shall be paid from the
general assets of the Company and in the case of any assets set aside (directly or indirectly) in a trust (or other arrangement) for purpose of paying Benefit Amounts under the Plan, no amount of such assets set aside (or trust or other arrangement)
shall be located or subsequently transferred outside of the United States. 
  

 16 

 10.10 Compliance of the Plan. Notwithstanding any provision of the Plan to the contrary,
the Plan is designed to comply with section 409A of the Code, as amended, added by section 885 of the AJCA and shall be construed and operated based upon a good faith, reasonable interpretation of the AJCA, and the Treasury Regulations and guidance
issued there under. 
 [Signature Page Follows] 
  

 17 

 IN WITNESS HEREOF, the Company has
caused this Plan to be executed by a duly authorized officer on this 18th day of December, 2008. 
  

			
	MULTI-COLOR CORPORATION
		
	By:	 	 /s/ Francis D. Gerace

		 	Francis D. Gerace
	Its:	 	President and CEO

  

 18

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