Document:

EX-4.i

 Exhibit 4(i) 

Form of Group Deferred Annuity Contract 
  

 
  

GUARANTEED STABLE VALUE CONTRACT 
  

			
	CONTRACTHOLDER:	  	[                                      
  ]

  

					
	STATE OF DELIVERY	 	CONTRACT DATE	 	CONTRACT NO.
			
	[                                    ]	 	[                                ]	 	[                            ]

 Home Office: [Little Rock, AR] 

Issue Date:
[                              ] 

Transamerica Advisors Life Insurance Company (TALIC) will pay the benefits provided in this Contract, subject to the provisions on this and the following
pages of this Contract. 
 This Contract is governed by the laws of the State of Delivery. 

The provisions of this Contract are set forth in the following order: 
  

			
	Article 1.	  	Definitions
	Article 2.	  	Contributions
	Article 3.	  	Separate Account, Market Value, and Fees
	Article 4	  	Interest Credits
	Article 5	  	Withdrawals and Transfers
	Article 6.	  	Administration
	Article 7.	  	Annuity Benefits
	Article 8.	  	Suspension and Termination of Contract
	Article 9.	  	Death Benefit, Beneficiary Provisions
	Article 10.	  	Modification of Contract Guarantees
	Article 11.	  	General Provisions

  

					
	[Brenda Clancy, President]	 	Countersignature	 	[Craig D. Vermie, Secretary]
	

	 		 	
			
		 		 	

  

			
	[1]	 	 [403(b)] Group Fixed Allocated Annuity Contract with Pooled Separate Account Funding

Market Value Adjustment Feature

Non-Participating

 [contract no.] 

  

					
		  	1	  	[                    ]

 Article 1. DEFINITIONS 

“Adjustment Percentage” 
 A
percentage used to determine the Adjustment Period and to calculate a reduction in the Participant Account value or Contractholder’s Balance of the Contract if certain Contract withdrawals are made due to Contract Suspension or Employer
Initiated Events. It is equal to (i) the 30-day average daily Yield to Worst of the Measuring Index plus the Expense Factor, minus (ii) the monthly average of the 30-day average daily Yield to Worst of the Measuring Index for the prior 36
months, (iii) multiplied by the Effective Duration of the Measuring Index. The Adjustment Percentage shall be calculated as of the last Valuation Date of each month. 

“Adjustment Period” 
 The number
of days before certain Contract withdrawals may be made without being subject to the Highest Adjustment Percentage. The Adjustment Period varies depending on the Highest Adjustment Percentage, as determined pursuant to Schedule B attached
hereto. 
 “Annuitant” 
 An
individual (a Participant or Participant’s beneficiary) for whom an annuity has been purchased from TALIC. 
 “Annuity Purchase Date”

 The date as of which an annuity has been purchased by TALIC on behalf of an Annuitant. 

“Code” 
 The Internal Revenue
Code of 1986, as amended from time to time, and includes regulations thereunder. 
 “Competing Fund” 

The following funds or funding vehicles shall be considered Competing Funds: 

 

	 	(i)	Any fund or funding vehicle in which the underlying investments consist predominately of bonds, mortgages or any other investments intended to provide fixed income returns which have an average quality of at least
investment grade and an average duration of less than 3.5 years, or 

  

	 	(ii)	Any Competing Guaranteed Fund, or 

  

					
		  	2	  	[                    ]

	 	(iii)	Any self-directed brokerage accounts. 

 “Competing Guaranteed Fund” 

Any stable value fund or funding vehicle established for or used by the Plan for investing Plan funds for which TALIC, another insurance
company, or any financial institution provides a guarantee of principal, including, but not limited to, any fixed dollar deposit administration group annuity contract, guaranteed interest contract (GIC), synthetic guaranteed interest contract,
funding agreement, or any investment vehicle that invests in any of the foregoing guaranteed contracts. 
 “Contract” 

This agreement between TALIC and the Contractholder, including any Schedules and Endorsements attached hereto. 

“Contractholder” 
 The entity to
whom TALIC has issued this Contract. 
 “Contract Suspension Date” 

As defined in Article 8, Section A. 

“Contract Withdrawal Date” 
 As
defined in Article 5, Section 5, in Article 8, Section C, and in Schedule B. 
 “Contract Year” 

 

	[2]	[The 12 month period beginning on the Contract Date and each subsequent 12 month period.] 

“Contribution” 
 Any deposit
made by Participants [or by the Employer on behalf of Participants] which is to be allocated under this Contract. These include: [Contributions made through salary reduction or otherwise,] [Contributions made directly by the Employer for the
Participants,] [any rollover amounts accepted that year by the Contractholder on behalf of Participants,] [any loan repayments made by Participants in accordance with the terms of the Plan,] [Plan administrative fee credits or reimbursements as
directed by the Contractholder to be applied to a Participant’s Account], [transfers to the Contract from other investment options offered under the Plan,] and any other amounts. 

“Early Contract Withdrawal Date” 

As defined in Article 5, Section 5, in Article 8, Section C, and in Schedule B. 

  

					
		  	3	  	[                    ]

 “Effective Duration” 

The approximate percentage change in a security’s price that will result from a 100-basis-point change in its yield. 

“Employer” 

[                       
                 ] 
 [The term “Employer”
throughout the Contract will mean each employer referenced above, or any one, all or any combination of the employers, or the applicable employer, whichever meaning is the most appropriate to the Contract provision.] 

[”Employer Initiated Events” 

Events within the control of the Employer which would have an adverse financial effect on TALIC or a material adverse effect on TALIC’s
financial experience under the Contract, its obligations or rights under the Contract, or the Contract’s risk profile, including, but not limited to, a merger; layoffs; bankruptcy; full or partial Plan termination; creation of a new competing
fund; employee communications that influence Contributions or withdrawals or loans; occurrence of an insolvency event; plan disqualification; and early retirement incentive programs.] [Employer Initiated Events does not include suspension of the
Contract by the Employer as provided in Article 8.] 
 [”ERISA” 

The Employee Retirement Income Security Act of 1974, as amended.] 

“Expense Factor” 
 The expense
factor as set forth in Article 3, Section C. 
 “Highest Adjustment Percentage” 

The highest of the most recent month-end and the prior two month-end Adjustment Percentages, where the Adjustment Percentage is calculated as
of the last Valuation Date of each month. 
 “Interest Crediting Period” 

A period of time determined by TALIC of at least [six] but not more than [twelve] months for which a rate of interest will be determined by
TALIC. 

  

					
		  	4	  	[                    ]

 “Measuring Index” 

[The Measuring Index shall equal a blend of (i) 30% Barclays Capital U.S. Intermediate Government Index, (ii) 40% Barclays Capital
U.S. Intermediate Corporate Index, and (iii) 30% Barclays Capital US MBS 15 Year Conventional Index.] If a component of the Measuring Index is discontinued, or if the calculation of the Measuring Index is substantially changed, TALIC may
substitute a comparable index. TALIC will send the Contractholder a notice in writing before any such substitution is made. 
 “New Money Rate of
Interest” 
 The effective annual rate of interest determined by TALIC and credited to new Contributions received during each
Interest Crediting Period. 
 “Other Investment Options” 

All other investment options available under the Plan as agreed to by the Servicing Agent. 

“Participant” 
 An individual
who is participating in the Plan and for whom a Participant Account is being maintained under this Contract. 
 “Participant Account” 

An account maintained by TALIC for each Participant with respect to funds held on his or her behalf in the Separate Account. The Participant
does not own this account, but is entitled to benefits as set forth under this Contract. [Participant benefits, once [3] vested, are non-forfeitable.] 

The value of each Participant Account will be the dollar amount equal to (1) any Contributions and interest credits made to this account
under the terms of this Contract, minus (2) any withdrawals or transfers made from this account under the terms of this Contract. If a Contract withdrawal is made, the value of the Participant Account may be reduced by the Withdrawal Charge, as
set forth in Article 5, Section A, and/or the Highest Adjustment Percentage, as set forth in Article 5, Section B, and Article 8, Section C. 

“Plan” 

[                       
                 ]. 
 [The term “Plan”
throughout the Contract will mean each plan referenced above, or any one, all or any combination of the plans, or the applicable plan, whichever meaning is the most appropriate to the Contract provision.] TALIC is not a party to the Plan. 

  

					
		  	5	  	[                    ]

 “Portfolio Rate of Interest” 

The effective annual rate of interest determined by TALIC and credited each Interest Crediting Period to existing balances less any
Contributions received during that period. 
 “Separate Account” 

A separate account maintained by TALIC (described in Article 3). 

[“Servicing Agent” 

[Transamerica Retirement Solutions Corporation], the servicing agent for TALIC.] 

[“Suspense Account” 
 An Account
maintained for the purpose of temporarily holding monies.] [The assets of the Suspense Account are invested in TALIC’s general account.] 

“Valuation Date” 
 Each day on
which the New York Stock Exchange is open for trading and additional days as TALIC may at its option designate. 
 “Withdrawal Charge” 

A charge of [    %] of the amount of the withdrawal. 

“Yield to Worst” 
 The lowest
possible yield that can be received from owning a bond (without actual issuer default), determined by considering all potential call dates prior to maturity. 

  

					
		  	6	  	[                    ]

 Article 2. CONTRIBUTIONS 

Section A. Contributions 
 [The Employer agrees to make or
cause to be made Contributions to this Contract in each Contract Year which equal the total of all Contributions that are directed by or on behalf of Participants to the Contract.] [No Competing Guaranteed Fund shall be available for investment of
new Contributions under the terms of the Plan.] 
 It is the responsibility of the Employer to collect Contributions for deposit under this Contract by
salary reduction or otherwise and to promptly remit them to TALIC, in a format approved by TALIC, with the information necessary for proper allocation under this Contract. Such information will include a list of individual Participants and the
amount of Contribution for each Participant. 
 [Contributions may be made at any time during the Contract Year [provided such Contributions are made in a
manner consistent with the requirements of ERISA and Department of Labor Regulations].] 
 [TALIC reserves the unilateral right to limit, suspend, or not
accept Contributions to the Contract [or any other investment option], as set forth in Article 10, Section B.] 
 Section B. Allocation of
Contributions 
 Upon receipt by TALIC of the Contractholder’s signed acceptance of the Contract and necessary allocation information, Contributions
which are received by TALIC for a Participant will be allocated to the Contract as directed under the terms of the Plan and this Contract. 
 [Any loan
repayments, inclusive of interest, minus any loan transaction charges, will be credited to the Participant Account Value in accordance with the Participant’s investment election in effect at the time of repayment.] 

[Excess Contributions and forfeitures will be held in the Suspense Account and will earn interest from the date of deposit to the Suspense Account until the
date they are withdrawn from the Suspense Account at a rate of interest determined by TALIC for each Contract Year.] 
 Section C. Grace Period 

A 31 day grace period from the due date of any Contributions required under this Contract will be granted. 

  

					
		  	7	  	[                    ]

 Article 3. SEPARATE ACCOUNT, MARKET VALUE AND FEES 

Section A. The Separate Account (Pooled Account No.     ) 

The Separate Account is a pooled separate account maintained by TALIC in accordance with Arkansas law for the investment of amounts allocated thereto under
this and other group contracts issued by TALIC. The balance of this Separate Account at any time forms part of the assets of TALIC. 
 All amounts allocated
to the Guaranteed Stable Value Contract are owned by TALIC, and all rights of the Contractholder in the Separate Account assets are defined in this Contract. The Contractholder’s Balance (as defined below) in the Contract, including accrued
interest, is guaranteed by TALIC, except for the circumstances under which the Highest Adjustment Percentage may apply. 
 The portion of the assets of the
Separate Account not exceeding the reserves and other contract liabilities with respect to this Contract will not be chargeable with liabilities arising out of any other business of TALIC. All income, gains, and losses, whether or not realized, from
assets allocated to the Contract will be credited to or charged against the Separate Account without regard to any other income, gains, or losses of TALIC. 

The “Contractholder’s Balance” of the Contract at any time equals the excess of (1) Contributions and interest credits as provided under
this Contract, over (2) withdrawals and transfers from this Contract as provided in this Contract. If a Contract withdrawal is made, the Contractholder’s Balance may be reduced by the Highest Adjustment Percentage, as set forth in Article
5, Section B, and Article 8, Section C. 
 [TALIC reserves the unilateral right to no longer offer the Guaranteed Stable Value Contract [or other investment
option], as set forth in Article 10, Section B.] 
 Section B. Market Value of the Separate Account. The market value of the assets in the Separate
Account, other than cash, will be calculated on each Valuation Date: (a) as determined from actual market quotations for such investments to the extent readily available, from quotations for such investments obtained from one or more market
makers or dealers, from independent third party pricing services who may use a matrix, formula or other objective method to price securities, or from other appropriate independent pricing sources, or (b) to the extent the information referred
to in (a) is not available, at fair value as determined in good faith in consultation with such experts as TALIC may determine. TALIC reserves the right, subject to Arkansas law and upon notice to the Contractholder, to revise the valuation
procedures described in this Contract. 
 Section C. Separate Account Fees. The Expense Factor (accrued on each Valuation Date) equivalent currently
to [2.00%] on an annual basis will be charged against the market value of the assets of the Separate Account and paid to TALIC monthly. The Expense Factor is not taken into account in determining the Contractholder’s Balance of the Contract or
the Participant Account Value. 

  

					
		  	8	  	[                    ]

 TALIC reserves the right, by giving the Contractholder [90] days advance written notice, to change this Expense
Factor at its sole discretion. The Expense Factor may not be changed more frequently than once in a calendar year, and in no event will this charge exceed [2.00%] on an annual basis unless otherwise approved by the Arkansas Insurance Department.

  

					
		  	9	  	[                    ]

 Article 4. INTEREST CREDITS 

Interest will be accrued on a daily basis and will start to be earned on each Contribution credited to each Participant Account on the date such credit is
added. Interest on amounts withdrawn or transferred will cease on the date such withdrawals or transfers are made. 
 TALIC will determine the New Money
Rate of Interest and the Portfolio Rate of Interest for each Interest Crediting Period. The Contractholder’s Balance in the Contract during a particular Interest Crediting Period will receive interest credits equal to (i) the New
Money Rate of Interest on all new Contributions received during that period, and (ii) the Portfolio Rate of Interest on the Contractholder’s Balance, less any Contributions received during that period. At the end of each Interest Crediting
Period, the rates of interest will expire and new rates will be declared. Each rate of interest will not be less than 0%. 
 [Excess Contributions and
forfeitures held in the Suspense Account will earn interest from the date of deposit to the Suspense Account until the date they are withdrawn from the Suspense Account. TALIC will determine a rate of interest for the Suspense Account for each
[Contract Year], and this rate of interest will not be less than [0]%. 

  

					
		  	10	  	[                    ]

 Article 5. WITHDRAWALS AND TRANSFERS 

Section A. Participant Withdrawals 
 Cash withdrawals from
the Participant Account will be subject to a Withdrawal Charge, other than those made for the following reasons: 
  

	[7](a)	[Participant becoming disabled [(within the meaning of Code Section 72(m)(7))].] 

  

	(b)	Participant’s death. 

  

	(c)	Participant’s retirement or severance from employment. 

  

	(d)	[Hardship withdrawal under the terms of the Plan (but only in respect to Participant contributions exclusive of earnings).] 

  

	(e)	[Participant’s attainment of at least age 59 1/2.]] 

  

	(f)	For loans payable to Participants under the terms of the Plan, as applicable. 

  

	(g)	For a Qualified Domestic Relations Order. 

  

	(h)	For the payment of expenses to the Servicing Agent and/or other third parties appointed by the Contractholder for providing services to the Plan. 

 

	(i)	Participant elects a fixed annuity benefit as provided in Article 7]. 

  

	[(j)	For refunds or other distribution of Contributions as may be required to comply with the Code or any other statute of similar import.] 

Cash withdrawals may be paid in a lump sum payment or by periodic cash distributions, subject to the terms of the Plan. 

[7] Participant elected withdrawals from this Contract for any reason other than those described above, as permitted by the Plan and authorized by the
Contractholder, will be subject to a Withdrawal Charge assessed on the withdrawal request amount. The Withdrawal Charge will be withdrawn from the Participant Account before the distribution of the requested withdrawal amount.] 

[8] Section B. Withdrawals Due to Employer Initiated Events. 

[Regardless of any provision of the Contract to the contrary, withdrawals made due to Employer Initiated Events are subject to a deduction
based on the Highest Adjustment Percentage if TALIC, at the Contractholder’s request, withdraws the requested withdrawal amount on the Early Contract Withdrawal Date (as described in Schedule B). An amount equal

  

					
		  	11	  	[                    ]

 
to the Highest Adjustment Percentage multiplied by the requested withdrawal amount will be deducted from the applicable Participant Accounts before the distributions are made. The Highest
Adjustment Percentage shall not result in any positive adjustments.] 
 [Alternatively, in lieu of the Highest Adjustment Percentage
referred to above being withdrawn from the applicable Participant Accounts, the Employer may elect to pay such amounts to TALIC.] 
 [In
lieu of applying the Highest Adjustment Percentage referred to above, the Employer may elect to have such withdrawals made due to Employer Initiated Events paid on the Contract Withdrawal Date. Unless otherwise agreed by the parties, the Contract
Withdrawal Date shall be based on the Highest Adjustment Percentage and corresponding number of days in the Adjustment Period following TALIC’s receipt of notice of such Employer Initiated Event, as set forth in accordance with Schedule B
attached hereto. The Highest Adjustment Percentage will not apply to withdrawals paid on the Contract Withdrawal Date.] 
 If TALIC
determines that special investment conditions exist and it is not reasonably practicable to liquidate investments, it may defer withdrawals by a Contractholder for no more than an additional 90 days following the Contract Withdrawal Date or Early
Contract Withdrawal Date, as applicable. 
 Section C. Transfers. 

A Participant has the right to direct TALIC that all or a portion of the funds in his or her Participant Account under this Contract be
transferred to Other Investment Options subject to the following conditions and limitations: 
  

	 	[(a)	No transfers may be made to a Competing Fund. 

  

	 	(b)	Any amounts transferred to non-Competing Funds may not subsequently be transferred to a Competing Fund or transferred back to the Contract [or withdrawn before age 59  1⁄2 due to in-service withdrawals] for at least [90] days. ]] 

 Section D. “First-In
First-Out”. 
 Withdrawals and transfers shall be made on a “first-in, first-out” basis, meaning that amounts will be
withdrawn from balances earning the Portfolio Rate of Interest prior to balances earning the New Money Rate of Interest. 

  

					
		  	12	  	[                    ]

 Article 6. ADMINISTRATION 

Section A. Information to be provided to TALIC 
 The
Contractholder will provide TALIC with information that TALIC may reasonably require for the administration of the Contract. [TALIC reserves the right, at any reasonable time, to inspect the records of the Contractholder [and Employer] which have a
bearing on the coverages available under this Contract.] 
 TALIC is entitled to rely conclusively upon all information furnished by the [Contractholder],
[Employer] [and] Participant] and will be fully protected in acting in accordance with any written or telephone instruction or other communication believed to be genuine. 

[Section B. Statement of Participant Accounts 
 As of the
end of each Contract [Year] [quarter], each Participant will receive a statement which indicates the total amount of Contributions to and distributions from his or her Participant Account during such period, and the total amount available in this
account as of the last Valuation Date of such period.] 
 Section D. Contractholder Statements 

As of the end of each Contract [Year] [quarter], the Contractholder will receive a statement of the transactions under this Contract for that period. 

  

					
		  	13	  	[                    ]

 Article 7. ANNUITY BENEFITS 

Section A. Notice 
 The Contractholder will give TALIC
written notice whenever a Participant or a Participant’s beneficiary elects to receive an annuity benefit under the terms of the Plan. Such written notice will be accompanied by the Participant’s or beneficiary’s written election of
an annuity benefit. The notice will also include or be accompanied by other information that TALIC will reasonably require to process the annuity distribution. 

Subject to the terms of the Plan [, all or a portion of the Participant Account will be withdrawn as elected by the Participant and applied to purchase a
fixed annuity benefit as provided in Sections B and C below. [However, on or after the Participant’s termination of employment, an annuity benefit may not be elected if the vested value of the Participant’s account under the Plan is equal
to or less than [$5,000], [or any other involuntary cash out amount specified in the Plan,] or would provide an annuity benefit of less than $20 per month.] 

Section B. Forms of Annuity 
 Subject to the terms of the
Plan, the forms of annuity will be those made available by TALIC. Subject to the terms of the Plan, these forms will include, but are not necessarily restricted to, (1) a life annuity with a 5 or 10 year period certain, (2) a life annuity
with no period certain, and (3) a contingent annuity. [In no event will the available forms of annuity include any that violate Section 401(a)(9) of the Code [or IRS Rev. Ruling 73-239 or any successor ruling.]] 

Payments will be made monthly unless the Participant elects to receive payments annually, semi-annually, or quarterly. Any such election must be made at the
same time that the Participant or Participant’s beneficiary elects to receive the annuity, and cannot be changed during the annuity period. 
 TALIC
will issue to [the Contractholder for delivery to] each Participant for whom an annuity benefit has been purchased under this Contract a non-transferable annuity certificate stating the amounts and terms of payment of such benefits. 

Section C. Value of Annuity Benefit 
 As of a
Participant’s Annuity Purchase Date, all or a portion of the Participant Account, as elected by the Participant, will be withdrawn from this Contract, reduced by premium taxes, if applicable, and applied to purchase a fixed annuity benefit
under this Contract. The amount of the annuity benefit will be determined by (1) the amount applied to purchase the annuity, (2) the form of annuity elected, and (3) the non-participating single premium group annuity purchase rates in
effect on the Annuity Purchase Date. However, subject to the provisions of Article 10, in no event will the annuity purchase rates declared by TALIC result in an annuity benefit that is less than (i) for the first five Contract Years, an
annuity benefit determined in accordance with the Annuity Purchase Rate Table at the end of this Contract or (ii) the immediate annuity purchase rates in effect on the Annuity Purchase Date for contracts in the same class of contracts as this
Contract, whichever provides a higher annuity benefit. 

  

					
		  	14	  	[                    ]

 If TALIC determines that the age or any other fact affecting the coverage or the payment or amount of benefit has
at any time been misstated with respect to any Annuitant, the benefit payable by TALIC at any time will be such as the amount used to purchase the benefit would provide on the basis of the correct facts. 

Any overpayments made by TALIC by reason of any misstatement may be charged against, and any underpayment resulting therefrom may be added to, any benefit
payments made or to be made with respect to the Annuitant involved. 

  

					
		  	15	  	[                    ]

 Article 8. SUSPENSION AND TERMINATION OF CONTRACT 

Section A. Suspension of Contract 
 [The Contract may be
suspended by the Contractholder or TALIC as provided in this Article 8 with respect to any one, all or any combination of the plans indicated in the definition of “Plan” in Article 1. Consequently, the effects and results of suspension
will pertain to any one, all or any combination of these plans, as the case may be.] 
  

					
	(1)	  	Suspension by Contractholder: The Contractholder may suspend this Contract by giving written notice to TALIC, except that such notice may not be given to TALIC earlier than [twelve] months following the date of
the initial Contribution under the Contract. The Contract shall be immediately suspended upon the date of receipt of such written notice by TALIC (“the Contract Suspension Date.”).
		
	(2)	  	Suspension by TALIC: TALIC may suspend this Contract by giving the Contractholder written notice if:
			
	[10]	  	(a)	  	It is determined that Contributions do not comply with the requirements of Section [403(b)] of the Code [or of ERISA] or other applicable law.
			
		  	(b)	  	It is determined that new contributions have been made to a Competing Guaranteed Fund in the Plan, contrary to the provisions of Article 2, Section A.
			
		  	(c)	  	TALIC receives written notice from the Contractholder to transfer assets under this Contract to a successor funding agent.
			
		  	[(d)	  	TALIC is advised that the Servicing Agent has received or has given notice that it will no longer be providing recordkeeping and administrative services to the Plan.]
			
		  	[(e)	  	TALIC determines that it can no longer continue to provide benefits under this Contract because of a change in the Plan.]
		
		  	The Contract shall be immediately suspended upon the date provided in such written notice by TALIC to the Contractholder.

 Section B. Effects of Suspension 

If this Contract is suspended, such suspension will be considered irrevocable, and the Contract will continue in suspension until the Contractholder’s
Balance and Suspense Account is depleted or the Contract is restored to full force and effect by written agreement between the Contractholder and TALIC. 

  

					
		  	16	  	[                    ]

 [Immediately upon suspension of the Contract and as long as this Contract continues in suspension, no
Contributions [(except loan repayments)] may be made to the Contract without TALIC’s written consent][ and no withdrawals may be made from the Contract for the purposes of a Participant loan under the provisions of Article 5, Section A, clause
(f)]. 
 [Following Contract suspension, TALIC reserves the right to cease making any withdrawals and transfers from this Contract during the [30] day
period prior to the Contract Withdrawal Date or Early Contract Withdrawal Date.] 
 Section C. Results of Suspension 

As a result of Contract suspension, TALIC will withdraw the Contractholder’s Balance [and the Suspense Account] on the Contract Withdrawal Date and pay
such Balance, as directed by the Contractholder, to a successor funding vehicle on behalf of the Participants. Unless otherwise agreed by the parties, the Contract Withdrawal Date shall be based on the Highest Adjustment Percentage and corresponding
number of days in the Adjustment Period following the Contract Suspension Date, as set forth in accordance with Schedule B attached hereto. The Highest Adjustment Percentage will not apply to withdrawals paid on the Contract Withdrawal Date. 

The Contractholder may alternatively elect the Early Contract Withdrawal Date (as described on Schedule B), and in such case, the withdrawal will be subject
to a deduction based on the Highest Adjustment Percentage. TALIC will calculate the Contractholder’s Balance[and the Suspense Account] as of the Early Contract Withdrawal Date, reduced by the Highest Adjustment Percentage multiplied by the
Contractholder’s Balance as of the Early Contract Withdrawal Date, and pay such amount as directed by the Contractholder. The Highest Adjustment Percentage shall not result in any positive adjustments to the Contractholder’s Balance. 

If TALIC determines that special investment conditions exist and it is not reasonably practicable to liquidate investments, it may defer the withdrawal of the
Contractholder’s Balance for no more than an additional 90 days following the Contract Withdrawal Date or Early Contract Withdrawal Date, as applicable. 

At any time during the period of Contract suspension, the Contractholder may direct TALIC in writing to purchase annuity benefits on the Contract Withdrawal
Date or Early Contract Withdrawal Date for certain Participants as elected by these Participants. The Contractholder must provide TALIC with information that TALIC may reasonably require in order to purchase such annuity benefits. 

[Section D. Contract Termination Where the Plan is Terminating 

If the Employer provides TALIC with written notice of the termination of the Plan funded by the Contract, and subject to any restrictions contained in this
Contract, including any deduction based on the Highest Adjustment Percentage, all Participant Accounts will be distributed in accordance with the provisions of the Plan and applicable regulations.] 

  

					
		  	17	  	[                    ]

 Section E. Termination 

Upon depletion of the Contractholder’s Balance [and the Suspense Account], this Contract will terminate and TALIC will be relieved of all further
liability except with respect to any annuity benefits purchased under this Contract. 

  

					
		  	18	  	[                    ]

 Article 9. DEATH BENEFIT, BENEFICIARY PROVISIONS 

Section A. Death Benefits 
 If a Participant dies prior
to the commencement of benefits and while his or her Participant Account is still being maintained under this Contract, his or her beneficiary will be paid a death benefit that is equal to the Participant Account [(reduced by any security interest
and related charges pertaining to a Plan loan to the Participant which is still outstanding)] in accordance with the provisions of the Plan. 
 Section B.
Designation and Change of Beneficiary 
 Subject to the terms of the Plan, a Participant may designate a beneficiary to receive any payment due upon
the death of such Participant and may subsequently change the beneficiary designation. Such designation or change will take effect upon receipt by TALIC of written notice of the designation or change. 

Section C. Payment to Beneficiary 
 Before making payment
to a beneficiary, TALIC will require proof of the death of the Participant who designated such beneficiary. 
 Payment to a beneficiary as provided in this
Contract will be made in accordance with the provisions of the Plan and the beneficiary designation in effect at the time of the Participant’s death. 

In the absence of any Plan provision governing payment of benefits when no beneficiary designation is in effect, TALIC may, at its option, make payment to the
Participant’s estate. 
 A beneficiary who is a natural person entitled to receive a lump sum death benefit under this Contract may, subject to the
provisions of Article 5 and the terms of the Plan, elect an annuity benefit in lieu of the lump sum death benefit. 
 If a lump sum payment is elected, the
death benefit will be determined on the Valuation Date on which a certified copy of the death certificate evidencing the Participant’s death is received by TALIC. If the beneficiary is under age 75 at the time of the Participant’s death
and elects an annuity benefit, the death benefit will be determined on the Valuation Date that the beneficiary purchases the annuity benefit. 

  

					
		  	19	  	[                    ]

 Article 10. MODIFICATION OF CONTRACT GUARANTEES 

Section A. Changes to the Purchase Rates 
 TALIC
guarantees the annuity purchase rates indicated in the Annuity Purchase Rate Table for the first five Contract Years. TALIC reserves the right to change the annuity purchase rates indicated in the Annuity Purchase Rate Table at any time during the
first five Contract Years if TALIC determines that any changes in the Code or any other regulations or rulings increase the tax payable on earnings or gain attributable to this Contract. TALIC will provide written notice to the Contractholder at
least [30] days before any such change is to become effective, and such change will apply to all annuity benefits which are purchased after the effective date of the change. 

Section B. Changes Which May be Made by TALIC at Any Time 

[(a)][TALIC reserves the right to make available under this Contract additional investment options for possible selection by the Contractholder; however, the
Contractholder has the exclusive right to decide whether or not such investment options will be made available under the Plan. If the Contractholder directs TALIC to invest any assets under these investment options, such action will constitute the
Contractholder’s acceptance of TALIC’s terms, conditions and limitations concerning these investment options.] 
 [(b)] TALIC reserves the
unilateral right, by giving the Contractholder [180] days advance written notice, to at any time limit, suspend, or not accept any Contributions for allocation to the Contract [or any other investment option] under this Contract, and/or to no longer
offer the Contract [or other investment option] to any contractholder within the class of contracts to which this Contract belongs. 

  

					
		  	20	  	[                    ]

 Article 11. GENERAL PROVISIONS 

Section A. Contract 
 This Contract has been issued in
consideration of and in reliance on the Contractholder’s application and all representations made therein and the payment of Contributions. This Contract and the attached copy of the Contractholder’s application constitute the entire
Contract between TALIC and the Contractholder. TALIC’s obligations are limited to those set forth under this Contract, and TALIC has no other duties with respect to the Contractholder, the Plan, or Participants. 

The purpose of this Contract is to provide benefits to the Participants and their beneficiaries under the terms of the Plan. [Subject to the Plan and the
rights of TALIC, no funds under this Contract will ever be used for, or diverted to, purposes other than the exclusive benefit of Participants and their beneficiaries.] The Contractholder acknowledges that TALIC is not a fiduciary to the Plan. 

All statements made by the Contractholder, [Employer,] or by Participants will be deemed representations and not warranties. 

Only the President, the Secretary or a Vice President of TALIC has the authority to modify, enlarge or vary this Contract, or to waive any requirement or
provision thereof. 
 Section B. Amendment of Contract 

This Contract may be amended by TALIC as provided by its terms or by agreement between TALIC and the Contractholder. 

No amendment of the terms of this Contract will be effective unless agreed to by TALIC in writing signed by the President, the Secretary or a Vice President
of TALIC and, unless otherwise provided for by the terms of this Contract, agreed to in writing by the Contractholder. In any event, however, TALIC reserves the right to amend this Contract to conform its provisions to applicable Federal and State
law. 
 No Participant or other person has any right of approval of any action amending or suspending this Contract. No amendment of this Contract will
affect annuity benefits purchased under this Contract prior to the effective date of such amendment. 
 Section C. Agents of TALIC 

TALIC may, to the extent permitted by law, engage or employ the Servicing Agent or any other suitable agents or advisers, and pay their reasonable expenses
and compensation, as it may determine is necessary or desirable for the expeditious and effective performance of its duties under this Contract. 

  

					
		  	21	  	[                    ]

 Section D. Notices  

Any provision in this Contract requiring “receipt by TALIC” or “received by TALIC”, or “give TALIC written notice” (or forms or
other types of notice or elections) will mean that such payments or notice or elections must be received by the Servicing Agent electronically, by facsimile or by mail at [4333 Edgewood Rd. NE, Cedar Rapids, Iowa 52499] unless a different address is
designated in a written notice to the Contractholder. 
 [Under any provision of this Contract in which TALIC requires written notice, information or
direction from the Contractholder and the Contractholder is not the Employer, TALIC may accept such written notice, information or direction from the Employer.] 

[Under any provision of this Contract in which TALIC is required or has the right to provide the Contractholder with written notice, information or other
material and the Contractholder is not the Employer, TALIC may provide such written notice, information or other material to the Employer in lieu of the Contractholder.] 

Section E. Contract Assignability 
 This Contract and its
rights may not be transferred, pledged, or assigned without TALIC’s prior written consent. Any such action will be void and of no effect. 
 Section F.
Assignment of Benefits 
 The benefits of or arising out of this Contract may not be assigned, transferred or subjected to surrender or anticipation,
or used to satisfy the debts of any person, except with TALIC’s prior written consent and as may otherwise be provided in this Contract or by law. 

[Section G. Claims Against the Contract 
 Subject to the
terms of the Plan, all assets under this Contract are subject to the claims of the Employer’s general creditors, and no Participant or beneficiary will have any secured or beneficial interest in any property, rights or investments held by the
Employer with respect to these assets.] 
 Section H. Plan Operations 

This Contract may be used to fund all or part of the Plan’s obligations. The provisions of the Plan control the operation of the Plan and the provisions
of this Contract control the operation of this Contract. TALIC is not a party to the Plan [and reserves the right to disregard any amendment to the Plan after the Contract Date or any successor Plan which would have an adverse financial effect on
TALIC, which enlarges or expands TALIC’s obligations or duties under this Contract or which decreases TALIC’s rights under this Contract.] The Contractholder shall ensure that the Plan operates in compliance with all applicable laws and
regulations, including [Section 403(b)] of the Code [and ERISA]. 

  

					
		  	22	  	[                    ]

 Section I. Enforceability 

If any provision of this Contract is held invalid or unenforceable, the remaining provisions of this Contract will not be affected, and this Contract will be
construed and enforced as if the invalid provision had not been included under the Contract. 
 [Section J. Non-transferability 

This Contract is not transferable.] 

  

					
		  	23	  	[                    ]

 SCHEDULE A 

ANNUITY PURCHASE RATE TABLE 
 Maximum Amount
Required per [$10] a month Immediate Life Annuity with [10] Years Certain - First Monthly Payment Due on the Annuity Purchase Date. 
  

					
	Age*	  	 Maximum Purchase Rate for annuities purchased

during the 1st through 5th Contract
Years
	 
		
	 [55
	  	[$	3559	  
	 56
	  	 	3472	  
	 57
	  	 	3390	  
	 58
	  	 	3300	  
	 59
	  	 	3215	  
	 60
	  	 	3135	  
	 61
	  	 	3049	  
	 62
	  	 	2959	  
	 63
	  	 	2874	  
	 64
	  	 	2786	  
	 65
	  	 	2703	  
	 66
	  	 	2618	  
	 67
	  	 	2538	  
	 68
	  	 	2451	  
	 69
	  	 	2375	  
	 70
	  	 	2294	  
	 71
	  	 	2217	  
	 72
	  	 	2141	  
	 73
	  	 	2066	  
	 74
	  	 	1996	  
	 75]
	  	 	1927	] 

  

	*	A Participant’s age will be his or her age at nearest birthday on the Annuity Purchase Date. 

 This Table
is subject to change by TALIC as provided in Article 9. 
 The mortality and interest assumptions underlying the annuity purchase rates shown above are as
follows: 
  

							
	 	 	Mortality Table	  	Assumed Interest	 
			
	 [12]
	 	 [2000 Annuity with projection
	  	 	1.00	%] 

 Maximum purchase rates for ages not shown and for other forms of annuity will be quoted by TALIC upon request. These maximum
rates will be based on the actuarial assumptions indicated above. 

  

					
		  	24	  	[                    ]

 SCHEDULE B 

ADJUSTMENT PERIOD TABLE 
 The Adjustment Period is
determined based on the corresponding Highest Adjustment Percentage below: 
  

			
	 Highest Adjustment Percentage
	 	 Adjustment Period

	0% or lower	 	As soon as administratively feasible but no later than 90 days
	Greater than 0% but less than or equal to 1.0%	 	180 days
	Greater than 1.0% but less than or equal to 3.0%	 	365 days (1 year)
	Greater than 3.0% but less than or equal to 5.0%	 	730 days (2 years)
	Greater than 5.0%	 	1095 days (3 years)

 Upon suspension of the Contract or withdrawal due to an Employer Initiated Event, the Contract Withdrawal Date shall be such
date that is determined based on the Highest Adjustment Percentage and the corresponding number of days in the Adjustment Period following the Contract Suspension Date or the date TALIC received notice of the Employer Initiated Event, as applicable.

 The Contractholder may alternatively elect the Early Contract Withdrawal Date, and in such case, the withdrawal will be subject to a deduction based on
the Highest Adjustment Percentage. In the case of Contract suspension, TALIC will pay to the Contractholder the Contractholder’s Balance [and the Suspense Account] as of the Early Contract Withdrawal Date, reduced by an amount equal to the
Highest Adjustment Percentage multiplied by the Contractholder’s Balance as of the Early Contract Withdrawal Date. For withdrawals requested due to Employer Initiated Events, TALIC will deduct from the applicable Participant Accounts an amount
equal to the Highest Adjustment Percentage multiplied by the amount of the withdrawal before the distribution is made. The Early Contract Withdrawal Date shall be as soon as administratively feasible, but no later than 90 days after the Contract
Suspension Date or the date TALIC received notice of the Employer Initiated Event, as applicable. 
 If TALIC determines that special investment conditions
exist and it is not reasonably practicable to liquidate investments, it may defer payment of the withdrawal for no more than an additional 90 days following the Contract Withdrawal Date or Early Contract Withdrawal Date, as applicable. 

 APPLICATION TO TRANSAMERICA ADVISORS LIFE INSURANCE COMPANY 

Contract No. [        ] 

Contractholder:
[                                        ] 

The Contractholder hereby applies to Transamerica Advisors Life Insurance Company for the coverage provided by the above Contract. 

The terms of said Contract (including any riders forming a part thereof) are hereby approved and accepted by the Contractholder. 

It is agreed that this application supersedes any previous application made by the Contractholder for this coverage. 

 

																	
	Dated at:	 	[	 	  
	 	]	 		 		 	[	 	  
	 	]
		 		 		 		 		 		 		 	 (the Contractholder)
	 	
									
	Date:	 	[	 	  
	 	]	 		 	By:	 	[	 	  
	 	]
		 		 		 		 		 		 		 	 (Authorized Representative)
	 	

  

			
	[1]	 	 [403(b)] Group Fixed Allocated Annuity Contract with Pooled Separate Account Funding

Market Value Adjustment Feature

Non-Participating

 [Contract no.] 
 cs/TLICGPFfiling

  

					
		  	26	  	[                    ]EX-10.8

 Exhibit 10.8 

FORM OF DICERNA PHARMACEUTICALS, INC. 

2014 PERFORMANCE INCENTIVE PLAN 
 1.
PURPOSE OF PLAN 
 The purpose of this Dicerna Pharmaceuticals, Inc. 2014 Performance Incentive Plan (this “Plan”) of
Dicerna Pharmaceuticals, Inc., a Delaware corporation (the “Corporation”), is to promote the success of the Corporation and to increase stockholder value by providing an additional means through the grant of awards to attract,
motivate, retain and reward selected employees and other eligible persons. 
 2. ELIGIBILITY 

The Administrator (as such term is defined in Section 3.1) may grant awards under this Plan only to those persons that the Administrator
determines to be Eligible Persons. An “Eligible Person” is any person who is either: (a) an officer (whether or not a director) or employee of the Corporation or one of its Subsidiaries; (b) a director of the Corporation
or one of its Subsidiaries; or (c) an individual consultant or advisor who renders or has rendered bona fide services (other than services in connection with the offering or sale of securities of the Corporation or one of its Subsidiaries in a
capital-raising transaction or as a market maker or promoter of securities of the Corporation or one of its Subsidiaries) to the Corporation or one of its Subsidiaries and who is selected to participate in this Plan by the Administrator; provided,
however, that a person who is otherwise an Eligible Person under clause (c) above may participate in this Plan only if such participation would not adversely affect either the Corporation’s eligibility to use Form S-8 to register under the
Securities Act of 1933, as amended (the “Securities Act”), the offering and sale of shares issuable under this Plan by the Corporation or the Corporation’s compliance with any other applicable laws. An Eligible Person who has
been granted an award (a “participant”) may, if otherwise eligible, be granted additional awards if the Administrator shall so determine. As used herein, “Subsidiary” means any corporation or other entity a majority
of whose outstanding voting stock or voting power is beneficially owned directly or indirectly by the Corporation; and “Board” means the Board of Directors of the Corporation. 

3. PLAN ADMINISTRATION 
  

	 	3.1	 The Administrator. This Plan shall be administered by and all awards under this Plan shall be authorized by the Administrator.
The “Administrator” means the Board or one or more committees appointed by the Board or another committee (within its delegated authority) to administer all or certain aspects of this Plan. Any such committee shall be comprised
solely of one or more directors or such number of directors as may be required under applicable law. A committee may delegate some or all of its authority to another committee so constituted. The Board or a committee comprised solely of directors
may also delegate, to the extent permitted by Section 157(c) of the Delaware General Corporation Law and any other applicable law, to one or more officers of the Corporation, its powers under this Plan (a) to designate the officers and
employees of the Corporation and its Subsidiaries who will receive grants of awards under this Plan, and (b) to determine the number of shares subject to, and the other terms and conditions of,

  
 1 

	 	
such awards. The Board may delegate different levels of authority to different committees with administrative and grant authority under this Plan. Unless otherwise provided in the Bylaws of the
Corporation or the applicable charter of any Administrator: (a) a majority of the members of the acting Administrator shall constitute a quorum, and (b) the vote of a majority of the members present assuming the presence of a quorum or the
unanimous written consent of the members of the Administrator shall constitute action by the acting Administrator. 

 With
respect to awards intended to satisfy the requirements for performance-based compensation under Section 162(m) of the Internal Revenue Code of 1986, as amended (the “Code”), this Plan shall be administered by a committee
consisting solely of two or more outside directors (as this requirement is applied under Section 162(m) of the Code); provided, however, that the failure to satisfy such requirement shall not affect the validity of the action of any committee
otherwise duly authorized and acting in the matter. Award grants, and transactions in or involving awards, intended to be exempt under Rule 16b-3 under the Securities Exchange Act of 1934, as amended (the “Exchange Act”), must be
duly and timely authorized by the Board or a committee consisting solely of two or more non-employee directors (as this requirement is applied under Rule 16b-3 promulgated under the Exchange Act). To the extent required by any applicable listing
agency, this Plan shall be administered by a committee composed entirely of independent directors (within the meaning of the applicable listing agency). 
  

	 	3.2	Powers of the Administrator. Subject to the express provisions of this Plan, the Administrator is authorized and empowered to do all things necessary or desirable in connection with the
authorization of awards and the administration of this Plan (in the case of a committee or delegation to one or more officers, within the authority delegated to that committee or person(s)), including, without limitation, the authority to:

  

	 	(a)	determine eligibility and, from among those persons determined to be eligible, the particular Eligible Persons who will receive an award under this Plan; 

 

	 	(b)	grant awards to Eligible Persons, determine the price at which securities will be offered or awarded and the number of securities to be offered or awarded to any of such persons, determine the other specific terms and
conditions of such awards consistent with the express limits of this Plan, establish the installments (if any) in which such awards shall become exercisable or shall vest (which may include, without limitation, performance and/or time-based
schedules), or determine that no delayed exercisability or vesting is required, establish any applicable performance targets, and establish the events of termination or reversion of such awards; 

 

	 	(c)	approve the forms of award agreements (which need not be identical either as to type of award or among participants); 

  
 2 

	 	(d)	construe and interpret this Plan and any agreements defining the rights and obligations of the Corporation, its Subsidiaries, and participants under this Plan, further define the terms used in this Plan, and prescribe,
amend and rescind rules and regulations relating to the administration of this Plan or the awards granted under this Plan; 

  

	 	(e)	cancel, modify, or waive the Corporation’s rights with respect to, or modify, discontinue, suspend, or terminate any or all outstanding awards, subject to any required consent under Section 8.6.5;

  

	 	(f)	accelerate or extend the vesting or exercisability or extend the term of any or all such outstanding awards (in the case of options or stock appreciation rights, within the maximum ten-year term of such awards) in such
circumstances as the Administrator may deem appropriate (including, without limitation, in connection with a termination of employment or services or other events of a personal nature) subject to any required consent under Section 8.6.5;

  

	 	(g)	adjust the number of shares of Common Stock subject to any award, adjust the price of any or all outstanding awards or otherwise change previously imposed terms and conditions, in such circumstances as the Administrator
may deem appropriate, in each case subject to Sections 4 and 8.6 (and subject to the no repricing provision below); 

  

	 	(h)	determine the date of grant of an award, which may be a designated date after but not before the date of the Administrator’s action (unless otherwise designated by the Administrator, the date of grant of an award
shall be the date upon which the Administrator took the action granting an award); 

  

	 	(i)	determine whether, and the extent to which, adjustments are required pursuant to Section 7 hereof and authorize the termination, conversion, substitution or succession of awards upon the occurrence of an event of
the type described in Section 7; 

  

	 	(j)	acquire or settle (subject to Sections 7 and 8.6) rights under awards in cash, stock of equivalent value, or other consideration (subject to the no repricing provision below); and 

 

	 	(k)	determine the fair market value of the Common Stock or awards under this Plan from time to time and/or the manner in which such value will be determined. 

Notwithstanding the foregoing and except for an adjustment pursuant to Section 7.1 or a repricing approved by stockholders, in no case may
the Administrator (1) amend an outstanding stock option or SAR to reduce the exercise price or base price of the award, (2) cancel, exchange, or surrender an outstanding stock option or SAR in exchange for cash or other awards for the
purpose of repricing the award, or (3) cancel, exchange, or surrender an outstanding stock option or SAR in exchange for an option or SAR with an exercise or base price that is less than the exercise or base price of the original award. 

  
 3 

	 	3.3	Binding Determinations. Any action taken by, or inaction of, the Corporation, any Subsidiary, or the Administrator relating or pursuant to this Plan and within its authority hereunder or under
applicable law shall be within the absolute discretion of that entity or body and shall be conclusive and binding upon all persons. Neither the Board nor any Board committee, nor any member thereof or person acting at the direction thereof, shall be
liable for any act, omission, interpretation, construction or determination made in good faith in connection with this Plan (or any award made under this Plan), and all such persons shall be entitled to indemnification and reimbursement by the
Corporation in respect of any claim, loss, damage or expense (including, without limitation, attorneys’ fees) arising or resulting therefrom to the fullest extent permitted by law and/or under any directors and officers liability insurance
coverage that may be in effect from time to time. 

  

	 	3.4	Reliance on Experts. In making any determination or in taking or not taking any action under this Plan, the Administrator may obtain and may rely upon the advice of experts, including employees and
professional advisors to the Corporation. No director, officer or agent of the Corporation or any of its Subsidiaries shall be liable for any such action or determination taken or made or omitted in good faith. 

 

	 	3.5	Delegation. The Administrator may delegate ministerial, non-discretionary functions to individuals who are officers or employees of the Corporation or any of its Subsidiaries or to third parties.

 4. SHARES OF COMMON STOCK SUBJECT TO THE PLAN; SHARE LIMITS 

 

	 	4.1	Shares Available. Subject to the provisions of Section 7.1, the capital stock that may be delivered under this Plan shall be shares of the Corporation’s authorized but unissued Common
Stock and any shares of its Common Stock held as treasury shares. For purposes of this Plan, “Common Stock” shall mean the common stock of the Corporation and such other securities or property as may become the subject of awards
under this Plan, or may become subject to such awards, pursuant to an adjustment made under Section 7.1. 

  

	 	4.2	Share Limits. The maximum number of shares of Common Stock that may be delivered pursuant to awards granted to Eligible Persons under this Plan is
[            ] shares (the “Share Limit”). 

In addition, the Share Limit shall automatically increase on the first trading day in January of each calendar year during the term of this
Plan, commencing with January 2014, by an amount equal to the lesser of (i) [            ] percent (    %) of the total number of shares of Common Stock issued and
outstanding on December 31 of the immediately preceding calendar year, or (ii) such number of shares of Common Stock as may be established by the Board. 

The following limits also apply with respect to awards granted under this Plan: 

  
 4 

	 	(a)	The maximum number of shares of Common Stock that may be delivered pursuant to options qualified as incentive stock options granted under this Plan is
[            ] shares. 

  

	 	(b)	The maximum number of shares of Common Stock subject to those options and stock appreciation rights that are granted during any calendar year to any individual under this Plan is
[            ] shares. 

 Each of the foregoing numerical limits is
subject to adjustment as contemplated by Section 4.3, Section 7.1, and Section 8.10. 
  

	 	4.3	Awards Settled in Cash, Reissue of Awards and Shares. To the extent that an award granted under this Plan is settled in cash or a form other than shares of Common Stock, the shares that would have
been delivered had there been no such cash or other settlement shall not be counted against the shares available for issuance under this Plan. In the event that shares of Common Stock are delivered in respect of a dividend equivalent right granted
under this Plan, the actual number of shares delivered with respect to the award shall be counted against the share limits of this Plan (including, for purposes of clarity, the limits of Section 4.2 of this Plan). (For purposes of clarity, if
1,000 dividend equivalent rights are granted and outstanding when the Corporation pays a dividend, and 50 shares are delivered in payment of those rights with respect to that dividend, 50 shares shall be counted against the share limits of this
Plan). Shares that are subject to or underlie awards granted under this Plan which expire or for any reason are cancelled or terminated, are forfeited, fail to vest, or for any other reason are not paid or delivered under this Plan shall again be
available for subsequent awards under this Plan. Shares that are exchanged by a participant or withheld by the Corporation as full or partial payment in connection with any award under this Plan, as well as any shares exchanged by a participant or
withheld by the Corporation or one of its Subsidiaries to satisfy the tax withholding obligations related to any award, shall be available for s ubsequent awards under this Plan. Refer to Section 8.10 for application of the foregoing share
limits with respect to assumed awards. The foregoing adjustments to the share limits of this Plan are subject to any applicable limitations under Section 162(m) of the Code with respect to awards intended as performance-based compensation
thereunder. 

  

	 	4.4	Reservation of Shares; No Fractional Shares; Minimum Issue. The Corporation shall at all times reserve a number of shares of Common Stock sufficient to cover the Corporation’s obligations and
contingent obligations to deliver shares with respect to awards then outstanding under this Plan (exclusive of any dividend equivalent obligations to the extent the Corporation has the right to settle such rights in cash). No fractional shares shall
be delivered under this Plan. The Administrator may pay cash in lieu of any fractional shares in settlements of awards under this Plan. The Administrator may from time to time impose a limit (of not greater than 100 shares) on the minimum number of
shares that may be purchased or exercised as to awards granted under this Plan unless (as to any particular award) the total number purchased or exercised is the total number at the time available for purchase or exercise under the award.

  
 5 

 5. AWARDS 
  

	 	5.1	Type and Form of Awards. The Administrator shall determine the type or types of award(s) to be made to each selected Eligible Person. Awards may be granted singly, in combination or in tandem.
Awards also may be made in combination or in tandem with, in replacement of, as alternatives to, or as the payment form for grants or rights under any other employee or compensation plan of the Corporation or one of its Subsidiaries. The types of
awards that may be granted under this Plan are (subject, in each case, to the no repricing provisions of Section 3.2): 

5.1.1 Stock Options. A stock option is the grant of a right to purchase a specified number of shares of
Common Stock during a specified period as determined by the Administrator. An option may be intended as an incentive stock option within the meaning of Section 422 of the Code (an “ISO”) or a
nonqualified stock option (an option not intended to be an ISO). The award agreement for an option will indicate if the option is intended as an ISO; otherwise it will be deemed to be a nonqualified stock option. The maximum term of each option (ISO
or nonqualified) shall be ten (10) years. The per share exercise price for each option shall be not less than 100% of the fair market value of a share of Common Stock on the date of grant of the option. When an option is exercised, the exercise
price for the shares to be purchased shall be paid in full in cash or such other method permitted by the Administrator consistent with Section 5.4.  

5.1.2 Additional Rules Applicable to ISOs. To the extent that the aggregate fair market value (determined at the time of
grant of the applicable option) of stock with respect to which ISOs first become exercisable by a participant in any calendar year exceeds $100,000, taking into account both Common Stock subject to ISOs under this Plan and stock subject to ISOs
under all other plans of the Corporation or one of its Subsidiaries (or any parent or predecessor corporation to the extent required by and within the meaning of Section 422 of the Code and the regulations promulgated thereunder), such options
shall be treated as nonqualified stock options. In reducing the number of options treated as ISOs to meet the $100,000 limit, the most recently granted options shall be reduced first. To the extent a reduction of simultaneously granted options is
necessary to meet the $100,000 limit, the Administrator may, in the manner and to the extent permitted by law, designate which shares of Common Stock are to be treated as shares acquired pursuant to the exercise of an ISO. ISOs may only be granted
to employees of the Corporation or one of its subsidiaries (for this purpose, the term “subsidiary” is used as defined in Section 424(f) of the Code, which generally requires an unbroken chain of ownership of at least 50% of the total
combined voting power of all classes of stock of each subsidiary in the chain beginning with the Corporation and ending with the subsidiary in question). There shall be imposed in any award agreement relating to ISOs such other terms and conditions
as from time to time are required in order that the option be an “incentive stock option” as that term is defined in Section 422 of the Code. No ISO may be granted to any person who, at the time the option is granted, owns (or is
deemed to own under Section 424(d) of the Code) shares of outstanding Common Stock 

  
 6 

 
possessing more than 10% of the total combined voting power of all classes of stock of the Corporation, unless the exercise price of such option is at least 110% of the fair market value of the
stock subject to the option and such option by its terms is not exercisable after the expiration of five years from the date such option is granted. 

5.1.3 Stock Appreciation Rights. A stock appreciation right or
“SAR” is a right to receive a payment, in cash and/or Common Stock, equal to the excess of the fair market value of a specified number of shares of Common Stock on the date the SAR is exercised over the
“base price” of the award, which base price shall be set forth in the applicable award agreement and shall be not less than 100% of the fair market value of a share of Common Stock on the date of grant of
the SAR. The maximum term of a SAR shall be ten (10) years. 
 5.1.4 Other Awards; Dividend
Equivalent Rights. The other types of awards that may be granted under this Plan include: (a) stock bonuses, restricted stock, performance stock, stock units, phantom stock or similar rights to purchase or acquire shares, whether at a
fixed or variable price or ratio related to the Common Stock, upon the passage of time, the occurrence of one or more events, or the satisfaction of performance criteria or other conditions, or any combination thereof; (b) any similar
securities with a value derived from the value of or related to the Common Stock and/or returns thereon; or (c) cash awards. Dividend equivalent rights may be granted as a separate award or in connection with another award under this Plan;
provided, however, that dividend equivalent rights may not be granted in connection with a stock option or SAR granted under this Plan. In addition, any dividends and/or dividend equivalents as to the unvested portion of a restricted stock award
that is subject to performance-based vesting requirements or the unvested portion of a stock unit award that is subject to performance-based vesting requirements will be subject to termination and forfeiture to the same extent as the corresponding
portion of the award to which they relate. 
  

	 	5.2	Award Agreements. Each award shall be evidenced by either (1) a written award agreement in a form approved by the Administrator and executed by the Corporation by an officer duly authorized to
act on its behalf, or (2) an electronic notice of award grant in a form approved by the Administrator and recorded by the Corporation (or its designee) in an electronic recordkeeping system used for the purpose of tracking award grants under
this Plan generally (in each case, an “award agreement”), as the Administrator may provide and, in each case and if required by the Administrator, executed or otherwise electronically accepted by the recipient of the award in such form and
manner as the Administrator may require. The Administrator may authorize any officer of the Corporation (other than the particular award recipient) to execute any or all award agreements on behalf of the Corporation. The award agreement shall set
forth the material terms and conditions of the award as established by the Administrator consistent with the express limitations of this Plan. 

  
 7 

	 	5.3	Deferrals and Settlements. Payment of awards may be in the form of cash, Common Stock, other awards or combinations thereof as the Administrator shall determine, and with such restrictions as it may
impose. The Administrator may also require or permit participants to elect to defer the issuance of shares or the settlement of awards in cash under such rules and procedures as it may establish under this Plan. The Administrator may also provide
that deferred settlements include the payment or crediting of interest or other earnings on the deferral amounts, or the payment or crediting of dividend equivalents where the deferred amounts are denominated in shares. 

 

	 	5.4	Consideration for Common Stock or Awards. The purchase price for any award granted under this Plan or the Common Stock to be delivered pursuant to an award, as applicable, may be paid by means of
any lawful consideration as determined by the Administrator, including, without limitation, one or a combination of the following methods: 

  

	 	•	 	services rendered by the recipient of such award; 

  

	 	•	 	cash, check payable to the order of the Corporation, or electronic funds transfer; 

  

	 	•	 	notice and third party payment in such manner as may be authorized by the Administrator; 

  

	 	•	 	the delivery of previously owned shares of Common Stock; 

  

	 	•	 	by a reduction in the number of shares otherwise deliverable pursuant to the award; or 

  

	 	•	 	subject to such procedures as the Administrator may adopt, pursuant to a “cashless exercise” with a third party who provides financing for the purposes of (or who otherwise facilitates) the purchase or
exercise of awards. 

 In no event shall any shares newly-issued by the Corporation be issued for less than the minimum lawful
consideration for such shares or for consideration other than consideration permitted by applicable state law. Shares of Common Stock used to satisfy the exercise price of an option shall be valued at their fair market value on the date of exercise.
The Corporation will not be obligated to deliver any shares unless and until it receives full payment of the exercise or purchase price therefor and any related withholding obligations under Section 8.5 and any other conditions to exercise or
purchase have been satisfied. Unless otherwise expressly provided in the applicable award agreement, the Administrator may at any time eliminate or limit a participant’s ability to pay the purchase or exercise price of any award or shares by
any method other than cash payment to the Corporation. 
  

	 	5.5	 Definition of Fair Market Value. For purposes of this Plan, “fair market value” shall mean, unless otherwise determined
or provided by the Administrator in the circumstances, the last price (in regular trading) for a share of Common Stock as furnished by the National Association of Securities Dealers, Inc. (the “NASD”) through the NASDAQ Global
Market Reporting System (the “Global Market”) 

  
 8 

	 	
for the date in question or, if no sales of Common Stock were reported by the NASD on the Global Market on that date, the last price (in regular trading) for a share of Common Stock as furnished
by the NASD through the Global Market for the next preceding day on which sales of Common Stock were reported by the NASD. The Administrator may, however, provide with respect to one or more awards that the fair market value shall equal the last
price (in regular trading) for a share of Common Stock as furnished by the NASD through the Global Market on the last trading day preceding the date in question or the average of the high and low trading prices of a share of Common Stock as
furnished by the NASD through the Global Market for the date in question or the most recent trading day. If the Common Stock is no longer listed or is no longer actively traded on the Global Market as of the applicable date, the fair market value of
the Common Stock shall be the value as reasonably determined by the Administrator for purposes of the award in the circumstances. The Administrator also may adopt a different methodology for determining fair market value with respect to one or more
awards if a different methodology is necessary or advisable to secure any intended favorable tax, legal or other treatment for the particular award(s) (for example, and without limitation, the Administrator may provide that fair market value for
purposes of one or more awards will be based on an average of closing prices (or the average of high and low daily trading prices) for a specified period preceding the relevant date). 

 

	 	5.6	Transfer Restrictions. 

 5.6.1 Limitations on
Exercise and Transfer. Unless otherwise expressly provided in (or pursuant to) this Section 5.6 or required by applicable law: (a) all awards are non-transferable and shall not be subject in any manner to sale, transfer,
anticipation, alienation, assignment, pledge, encumbrance or charge; (b) awards shall be exercised only by the participant; and (c) amounts payable or shares issuable pursuant to any award shall be delivered only to (or for the account of)
the participant. 
 5.6.2 Exceptions. The Administrator may permit awards to be exercised by and paid to, or otherwise
transferred to, other persons or entities pursuant to such conditions and procedures, including limitations on subsequent transfers, as the Administrator may, in its sole discretion, establish in writing. Any permitted transfer shall be subject to
compliance with applicable federal and state securities laws and shall not be for value (other than nominal consideration, settlement of marital property rights, or for interests in an entity in which more than 50% of the voting interests are held
by the Eligible Person or by the Eligible Person’s family members). 
 5.6.3 Further Exceptions to Limits on
Transfer. The exercise and transfer restrictions in Section 5.6.1 shall not apply to: 
  

	 	(a)	transfers to the Corporation (for example, in connection with the expiration or termination of the award), 

  
 9 

	 	(b)	the designation of a beneficiary to receive benefits in the event of the participant’s death or, if the participant has died, transfers to or exercise by the participant’s beneficiary, or, in the absence of a
validly designated beneficiary, transfers by will or the laws of descent and distribution, 

  

	 	(c)	subject to any applicable limitations on ISOs, transfers to a family member (or former family member) pursuant to a domestic relations order if approved or ratified by the Administrator, 

 

	 	(d)	if the participant has suffered a disability, permitted transfers or exercises on behalf of the participant by his or her legal representative, or 

 

	 	(e)	the authorization by the Administrator of “cashless exercise” procedures with third parties who provide financing for the purpose of (or who otherwise facilitate) the exercise of awards consistent with
applicable laws and the express authorization of the Administrator. 

  

	 	5.7	International Awards. One or more awards may be granted to Eligible Persons who provide services to the Corporation or one of its Subsidiaries outside of the United States. Any awards granted to
such persons may be granted pursuant to the terms and conditions of any applicable sub-plans, if any, appended to this Plan and approved by the Administrator. 

6. EFFECT OF TERMINATION OF EMPLOYMENT OR SERVICE ON AWARDS 
  

	 	6.1	General. The Administrator shall establish the effect of a termination of employment or service on the rights and benefits under each award under this Plan and in so doing may make distinctions
based upon, inter alia, the cause of termination and type of award. If the participant is not an employee of the Corporation or one of its Subsidiaries and provides other services to the Corporation or one of its Subsidiaries, the Administrator
shall be the sole judge for purposes of this Plan (unless a contract or the award otherwise provides) of whether the participant continues to render services to the Corporation or one of its Subsidiaries and the date, if any, upon which such
services shall be deemed to have terminated. 

  

	 	6.2	Events Not Deemed Terminations of Service. Unless the express policy of the Corporation or one of its Subsidiaries, or the Administrator, otherwise provides, the employment relationship shall not be
considered terminated in the case of (a) sick leave, (b) military leave, or (c) any other leave of absence authorized by the Corporation or one of its Subsidiaries, or the Administrator; provided that, unless reemployment upon the
expiration of such leave is guaranteed by contract or law or the Administrator otherwise provides, such leave is for a period of not more than three months. In the case of any employee of the Corporation or one of its Subsidiaries on an approved
leave of absence, continued vesting of the award while on leave from the employ of the Corporation or one of its Subsidiaries may be suspended until the employee returns to service, unless the Administrator otherwise provides or applicable law
otherwise requires. In no event shall an award be exercised after the expiration of the term set forth in the applicable award agreement. 

  
 10 

	 	6.3	Effect of Change of Subsidiary Status. For purposes of this Plan and any award, if an entity ceases to be a Subsidiary of the Corporation a termination of employment or service shall be deemed to
have occurred with respect to each Eligible Person in respect of such Subsidiary who does not continue as an Eligible Person in respect of the Corporation or another Subsidiary that continues as such after giving effect to the transaction or other
event giving rise to the change in status unless the Subsidiary that is sold, spun-off or otherwise divested (or its successor or a direct or indirect parent of such Subsidiary or successor) assumes the Eligible Person’s award(s) in connection
with such transaction. 

 7. ADJUSTMENTS; ACCELERATION 
  

	 	7.1	Adjustments. Subject to Section 7.2, upon (or, as may be necessary to effect the adjustment, immediately prior to): any reclassification, recapitalization, stock split (including a stock split
in the form of a stock dividend) or reverse stock split; any merger, combination, consolidation, or other reorganization; any spin-off, split-up, or similar extraordinary dividend distribution in respect of the Common Stock; or any exchange of
Common Stock or other securities of the Corporation, or any similar, unusual or extraordinary corporate transaction in respect of the Common Stock; then the Administrator shall equitably and proportionately adjust (1) the number and type of
shares of Common Stock (or other securities) that thereafter may be made the subject of awards (including the specific share limits, maximums and numbers of shares set forth elsewhere in this Plan), (2) the number, amount and type of shares of
Common Stock (or other securities or property) subject to any outstanding awards, (3) the grant, purchase, or exercise price (which term includes the base price of any SAR or similar right) of any outstanding awards, and/or (4) the
securities, cash or other property deliverable upon exercise or payment of any outstanding awards, in each case to the extent necessary to preserve (but not increase) the level of incentives intended by this Plan and the then-outstanding awards.

 Unless otherwise expressly provided in the applicable award agreement, upon (or, as may be necessary to effect the
adjustment, immediately prior to) any event or transaction described in the preceding paragraph or a sale of all or substantially all of the business or assets of the Corporation as an entirety, the Administrator shall equitably and proportionately
adjust the performance standards applicable to any then-outstanding performance-based awards to the extent necessary to preserve (but not increase) the level of incentives intended by this Plan and the then-outstanding performance-based awards. 

It is intended that, if possible, any adjustments contemplated by the preceding two paragraphs be made in a manner that satisfies applicable
U.S. legal, tax (including, without limitation and as applicable in the circumstances, Section 424 of the Code, Section 409A of the Code and Section 162(m) of the Code) and accounting (so as to not trigger any charge to earnings with
respect to such adjustment) requirements. 

  
 11 

 Without limiting the generality of Section 3.3, any good faith determination by the
Administrator as to whether an adjustment is required in the circumstances pursuant to this Section 7.1, and the extent and nature of any such adjustment, shall be conclusive and binding on all persons. 

 

	 	7.2	Corporate Transactions - Assumption and Termination of Awards. Upon the occurrence of any of the following: any merger, combination, consolidation, or other reorganization in connection with which
the Corporation does not survive (or does not survive as a public company in respect of its Common Stock); any exchange of Common Stock or other securities of the Corporation in connection with which the Corporation does not survive (or does not
survive as a public company in respect of its Common Stock); a sale of all or substantially all the business, stock or assets of the Corporation in connection with which the Corporation does not survive (or does not survive as a public company in
respect of its Common Stock); a dissolution of the Corporation; or any other event in which the Corporation does not survive (or does not survive as a public company in respect of its Common Stock); then the Administrator may make provision for a
cash payment in settlement of, or for the termination, assumption, substitution or exchange of any or all outstanding share-based awards or the cash, securities or property deliverable to the holder of any or all outstanding share-based awards,
based upon, to the extent relevant under the circumstances, the distribution or consideration payable to holders of the Common Stock upon or in respect of such event. Upon the occurrence of any event described in the preceding sentence, then, unless
the Administrator has made a provision for the substitution, assumption, exchange or other continuation or settlement of the award or (unless the Administrator has provided for the termination of the award) the award would otherwise continue in
accordance with its terms in the circumstances: (1) unless otherwise provided in the applicable award agreement, each then-outstanding option and SAR shall become fully vested, all shares of restricted stock then outstanding shall fully vest
free of restrictions, and each other award granted under this Plan that is then outstanding shall become payable to the holder of such award; and (2) each award shall terminate upon the related event; provided that the holder of an option or
SAR shall be given reasonable advance notice of the impending termination and a reasonable opportunity to exercise his or her outstanding vested options and SARs (after giving effect to any accelerated vesting required in the circumstances) in
accordance with their terms before the termination of such awards (except that in no case shall more than ten days’ notice of the impending termination be required and any acceleration of vesting and any exercise of any portion of an award that
is so accelerated may be made contingent upon the actual occurrence of the event). 

 Without limiting the preceding paragraph,
in connection with any event referred to in the preceding paragraph or any change in control event defined in any applicable award agreement, the Administrator may, in its discretion, provide for the accelerated vesting of any award or awards as and
to the extent determined by the Administrator in the circumstances. 

  
 12 

 The Administrator may adopt such valuation methodologies for outstanding awards as it deems
reasonable in the event of a cash or property settlement and, in the case of options, SARs or similar rights, but without limitation on other methodologies, may base such settlement solely upon the excess if any of the per share amount payable upon
or in respect of such event over the exercise or base price of the award. 
 In any of the events referred to in this Section 7.2, the
Administrator may take such action contemplated by this Section 7.2 prior to such event (as opposed to on the occurrence of such event) to the extent that the Administrator deems the action necessary to permit the participant to realize the
benefits intended to be conveyed with respect to the underlying shares. Without limiting the generality of the foregoing, the Administrator may deem an acceleration to occur immediately prior to the applicable event and, in such circumstances, will
reinstate the original terms of the award if an event giving rise to an acceleration does not occur. 
 Without limiting the generality of
Section 3.3, any good faith determination by the Administrator pursuant to its authority under this Section 7.2 shall be conclusive and binding on all persons. 
  

	 	7.3	Other Acceleration Rules. The Administrator may override the provisions of Section 7.2 by express provision in the award agreement and may accord any Eligible Person a right to refuse any
acceleration, whether pursuant to the award agreement or otherwise, in such circumstances as the Administrator may approve. The portion of any ISO accelerated in connection with an event referred to in Section 7.2 (or such other circumstances
as may trigger accelerated vesting of the award) shall remain exercisable as an ISO only to the extent the applicable $100,000 limitation on ISOs is not exceeded. To the extent exceeded, the accelerated portion of the option shall be exercisable as
a nonqualified stock option under the Code. 

 8. OTHER PROVISIONS 

 

	 	8.1	Compliance with Laws. This Plan, the granting and vesting of awards under this Plan, the offer, issuance and delivery of shares of Common Stock, and/or the payment of money under this Plan or under
awards are subject to compliance with all applicable federal and state laws, rules and regulations (including but not limited to state and federal securities law and federal margin requirements) and to such approvals by any listing, regulatory or
governmental authority as may, in the opinion of counsel for the Corporation, be necessary or advisable in connection therewith. The person acquiring any securities under this Plan will, if requested by the Corporation or one of its Subsidiaries,
provide such assurances and representations to the Corporation or one of its Subsidiaries as the Administrator may deem necessary or desirable to assure compliance with all applicable legal and accounting requirements. 

 

	 	8.2	No Rights to Award. No person shall have any claim or rights to be granted an award (or additional awards, as the case may be) under this Plan, subject to any express contractual rights (set forth
in a document other than this Plan) to the contrary. 

  
 13 

	 	8.3	No Employment/Service Contract. Nothing contained in this Plan (or in any other documents under this Plan or in any award) shall confer upon any Eligible Person or other participant any right to
continue in the employ or other service of the Corporation or one of its Subsidiaries, constitute any contract or agreement of employment or other service or affect an employee’s status as an employee at will, nor shall interfere in any way
with the right of the Corporation or one of its Subsidiaries to change a person’s compensation or other benefits, or to terminate his or her employment or other service, with or without cause. Nothing in this Section 8.3, however, is
intended to adversely affect any express independent right of such person under a separate employment or service contract other than an award agreement. 

  

	 	8.4	Plan Not Funded. Awards payable under this Plan shall be payable in shares or from the general assets of the Corporation, and no special or separate reserve, fund or deposit shall be made to assure
payment of such awards. No participant, beneficiary or other person shall have any right, title or interest in any fund or in any specific asset (including shares of Common Stock, except as expressly otherwise provided) of the Corporation or one of
its Subsidiaries by reason of any award hereunder. Neither the provisions of this Plan (or of any related documents), nor the creation or adoption of this Plan, nor any action taken pursuant to the provisions of this Plan shall create, or be
construed to create, a trust of any kind or a fiduciary relationship between the Corporation or one of its Subsidiaries and any participant, beneficiary or other person. To the extent that a participant, beneficiary or other person acquires a right
to receive payment pursuant to any award hereunder, such right shall be no greater than the right of any unsecured general creditor of the Corporation. 

  

	 	8.5	Tax Withholding. Upon any exercise, vesting, or payment of any award, or upon the disposition of shares of Common Stock acquired pursuant to the exercise of an ISO prior to satisfaction of the
holding period requirements of Section 422 of the Code, or upon any other tax withholding event with respect to any award, the Corporation or one of its Subsidiaries shall have the right at its option to: 

 

	 	(a)	require the participant (or the participant’s personal representative or beneficiary, as the case may be) to pay or provide for payment of at least the minimum amount of any taxes which the Corporation or one of
its Subsidiaries may be required to withhold with respect to such award event or payment; or 

  

	 	(b)	deduct from any amount otherwise payable in cash (whether related to the award or otherwise) to the participant (or the participant’s personal representative or beneficiary, as the case may be) the minimum amount
of any taxes which the Corporation or one of its Subsidiaries may be required to withhold with respect to such award event or payment. 

In any case where a tax is required to be withheld in connection with the delivery of shares of Common Stock under this Plan, the Administrator
may in its sole discretion (subject to Section 8.1) require or grant (either at the time of the award or thereafter) to the participant the right to elect, pursuant to such rules and 

  
 14 

 
subject to such conditions as the Administrator may establish, that the Corporation reduce the number of shares to be delivered by (or otherwise reacquire) the appropriate number of shares,
valued in a consistent manner at their fair market value or at the sales price in accordance with authorized procedures for cashless exercises, necessary to satisfy the minimum applicable withholding obligation on exercise, vesting or payment. In no
event shall the shares withheld exceed the minimum whole number of shares required for tax withholding under applicable law. 
  

	 	8.6	Effective Date, Termination and Suspension, Amendments. 

 8.6.1
Effective Date. This Plan is effective as of [            , 2014], the date of its approval by the Board (the “Effective Date”). This Plan
shall be submitted for and subject to stockholder approval no later than twelve months after the Effective Date. Unless earlier terminated by the Board, this Plan shall terminate at the close of business on the day before the tenth anniversary of
the Effective Date. After the termination of this Plan either upon such stated expiration date or its earlier termination by the Board, no additional awards may be granted under this Plan, but previously granted awards (and the authority of the
Administrator with respect thereto, including the authority to amend such awards) shall remain outstanding in accordance with their applicable terms and conditions and the terms and conditions of this Plan. 

8.6.2 Board Authorization. The Board may, at any time, terminate or, from time to time, amend, modify or suspend this
Plan, in whole or in part. No awards may be granted during any period that the Board suspends this Plan. 
 8.6.3 Stockholder
Approval. To the extent then required by applicable law or any applicable listing agency or required under Sections 162, 422 or 424 of the Code to preserve the intended tax consequences of this Plan, or deemed necessary or advisable by the
Board, any amendment to this Plan shall be subject to stockholder approval. 
 8.6.4 Amendments to Awards. Without
limiting any other express authority of the Administrator under (but subject to) the express limits of this Plan, the Administrator by agreement or resolution may waive conditions of or limitations on awards to participants that the Administrator in
the prior exercise of its discretion has imposed, without the consent of a participant, and (subject to the requirements of Sections 3.2 and 8.6.5) may make other changes to the terms and conditions of awards. Any amendment or other action that
would constitute a repricing of an award is subject to the limitations set forth in Section 3.2. 
 8.6.5 Limitations on
Amendments to Plan and Awards. No amendment, suspension or termination of this Plan or amendment of any outstanding award agreement shall, without written consent of the participant, affect in any manner materially adverse to the participant
any rights or benefits of the participant or obligations of the Corporation under any award granted under this Plan prior to the effective date of such change. Changes, settlements and other actions contemplated by Section 7 shall not be deemed
to constitute changes or amendments for purposes of this Section 8.6. 

  
 15 

	 	8.7	Privileges of Stock Ownership. Except as otherwise expressly authorized by the Administrator, a participant shall not be entitled to any privilege of stock ownership as to any shares of Common Stock
not actually delivered to and held of record by the participant. Except as expressly required by Section 7.1 or otherwise expressly provided by the Administrator, no adjustment will be made for dividends or other rights as a stockholder for
which a record date is prior to such date of delivery. 

  

	 	8.8	Governing Law; Construction; Severability. 

 8.8.1 Choice of
Law. This Plan, the awards, all documents evidencing awards and all other related documents shall be governed by, and construed in accordance with the laws of the State of Delaware. 

8.8.2 Severability. If a court of competent jurisdiction holds any provision invalid and unenforceable, the remaining
provisions of this Plan shall continue in effect. 
 8.8.3 Plan Construction. 

 

	 	(a)	Rule 16b-3. It is the intent of the Corporation that the awards and transactions permitted by awards be interpreted in a manner that, in the case of participants who are or may be subject to Section 16 of
the Exchange Act, qualify, to the maximum extent compatible with the express terms of the award, for exemption from matching liability under Rule 16b-3 promulgated under the Exchange Act. Notwithstanding the foregoing, the Corporation shall have no
liability to any participant for Section 16 consequences of awards or events under awards if an award or event does not so qualify. 

  

	 	(b)	Section 162(m). Options and SARs granted to employees of the Corporation or one of its Subsidiaries with an exercise or base price not less than the fair market value of a share of Common Stock at the date
of grant that are approved by a committee composed solely of two or more outside directors (as this requirement is applied under Section 162(m) of the Code) shall be deemed to be intended as performance-based compensation within the meaning of
Section 162(m) of the Code unless such committee provides otherwise at the time of grant of the award. It is the further intent of the Corporation that (to the extent the Corporation or one of its Subsidiaries or awards under this Plan may be
or become subject to limitations on deductibility under Section 162(m) of the Code) any such awards that are granted to or held by a person subject to Section 162(m) will qualify as performance-based compensation or otherwise be exempt
from deductibility limitations under Section 162(m). 

  
 16 

	 	8.9	Captions. Captions and headings are given to the sections and subsections of this Plan 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 this Plan or any provision thereof. 

  

	 	8.10	Stock-Based Awards in Substitution for Stock Options or Awards Granted by Other Corporation. Awards may be granted to Eligible Persons in substitution for or in connection with an assumption of
employee stock options, SARs, restricted stock or other stock-based awards granted by other entities to persons who are or who will become Eligible Persons in respect of the Corporation or one of its Subsidiaries, in connection with a distribution,
merger or other reorganization by or with the granting entity or an affiliated entity, or the acquisition by the Corporation or one of its Subsidiaries, directly or indirectly, of all or a substantial part of the stock or assets of the employing
entity. The awards so granted need not comply with other specific terms of this Plan, provided the awards reflect only adjustments giving effect to the assumption or substitution consistent with the conversion applicable to the Common Stock in the
transaction and any change in the issuer of the security. Any shares that are delivered and any awards that are granted by, or become obligations of, the Corporation, as a result of the assumption by the Corporation of, or in substitution for,
outstanding awards previously granted by an acquired company (or previously granted by a predecessor employer (or direct or indirect parent thereof) in the case of persons that become employed by the Corporation or one of its Subsidiaries in
connection with a business or asset acquisition or similar transaction) shall not be counted against the Share Limit or other limits on the number of shares available for issuance under this Plan. 

 

	 	8.11	Non-Exclusivity of Plan. Nothing in this Plan shall limit or be deemed to limit the authority of the Board or the Administrator to grant awards or authorize any other compensation, with or without
reference to the Common Stock, under any other plan or authority. 

  

	 	8.12	No Corporate Action Restriction. The existence of this Plan, the award agreements and the awards granted hereunder shall not limit, affect or restrict in any way the right or power of the Board or
the stockholders of the Corporation to make or authorize: (a) any adjustment, recapitalization, reorganization or other change in the capital structure or business of the Corporation or any Subsidiary, (b) any merger, amalgamation,
consolidation or change in the ownership of the Corporation or any Subsidiary, (c) any issue of bonds, debentures, capital, preferred or prior preference stock ahead of or affecting the capital stock (or the rights thereof) of the Corporation
or any Subsidiary, (d) any dissolution or liquidation of the Corporation or any Subsidiary, (e) any sale or transfer of all or any part of the assets or business of the Corporation or any Subsidiary, or (f) any other corporate act or
proceeding by the Corporation or any Subsidiary. No participant, beneficiary or any other person shall have any claim under any award or award agreement against any member of the Board or the Administrator, or the Corporation or any employees,
officers or agents of the Corporation or any Subsidiary, as a result of any such action. 

  
 17 

	 	8.13	Other Company Benefit and Compensation Programs. Payments and other benefits received by a participant under an award made pursuant to this Plan shall not be deemed a part of a participant’s
compensation for purposes of the determination of benefits under any other employee welfare or benefit plans or arrangements, if any, provided by the Corporation or any Subsidiary, except where the Administrator expressly otherwise provides or
authorizes in writing. Awards under this Plan may be made in addition to, in combination with, as alternatives to or in payment of grants, awards or commitments under any other plans or arrangements of the Corporation or its Subsidiaries.

  

	 	8.14	Clawback Policy. The awards granted under this Plan are subject to the terms of the Corporation’s recoupment, clawback or similar policy as it may be in effect from time to time, as well as any
similar provisions of applicable law, any of which could in certain circumstances require repayment or forfeiture of awards or any shares of Common Stock or other cash or property received with respect to the awards (including any value received
from a disposition of the shares acquired upon payment of the awards). 

  
 18

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00225-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00225-of-00352.parquet"}]]