Document:

EX-10.10

 Exhibit 10.10 

ADEPT TECHNOLOGY INC. 

CHANGE IN CONTROL PLAN FOR EQUITY AWARDS 

Section 1. Introduction 
 This Adept
Technology Inc. Change in Control Plan for Equity Awards, as may be amended from time to time (the “Plan”) is effective as of January 14, 2014 (the “Effective Date”). The purpose of the Plan is to provide for
the treatment of outstanding Equity Awards of Adept Technology Inc. (the “Company”) or one of its subsidiaries in connection with a Change in Control. 

Section 2. Definitions 
 For purposes
of the Plan, the following terms are defined as follows: 
 (a) “2003 Plan” means the Adept Technology, Inc. 2003 Stock
Option Plan. 
 (b) “2005 Plan” means the Adept Technology, Inc. 2005 Equity Incentive Plan. 

(c) “Board” means the Board of Directors of the Company. 

(d) “Cause” means, except as otherwise defined in an employment agreement or other written agreement between an Eligible
Individual and the Company dated on or after the Effective Date (which definition would control in the event of any conflict with the definition in this Section 2(d)) each of the following as determined by the Board, (i) willful and
repeated failure to perform duties or contravention in any material respect of specific written lawful directions related to a material duty or responsibility which is directed to be undertaken by the Board or the person to whom the
Participant reports (other than due to physical or mental illness); (ii) conviction of guilty or nolo contendere plea to, a misdemeanor which is materially and demonstrably injurious to the Company or any felony; (iii) commission of an
act, or a failure to act, that constitutes fraud, gross negligence or willful misconduct (including without limitation, embezzlement, misappropriation or breach of fiduciary duty resulting or intending to result in personal gain at the expense
of the Company); and (iv) violation of any applicable laws, rules or regulations or failure to comply with the ongoing confidentiality, non-solicitation and non-competition obligations to the Company, corporate code of business conduct or
other material policies of the Company in connection with or during performance of the Eligible Individual’s duties to the Company that could, in the Committee’s opinion, cause material injury to the Company, which violation, if curable,
is not cured within thirty (30) days after notice thereof to the Eligible Individual. 
 (e) “Change in Control”
means, unless the Committee or the Board provides otherwise, the occurrence of any of the following events: 
 (i) The acquisition
by any individual, entity or group (within the meaning of Section 13(d) or 14(d) of the Securities Exchange Act of 1934, as amended (the 

 
“Exchange Act”)) (a “Person”) of beneficial ownership (within the meaning of Rule 13d-3 promulgated under the Exchange Act) of 50% or more of either (i) the
then outstanding Shares (the “Outstanding Company Common Stock”) or (ii) the combined voting power of the then outstanding voting securities of the Company entitled to vote generally in the election of directors (the
“Outstanding Company Voting Securities”); provided, however, that for purposes of this subsection (i), the following acquisitions will not constitute a Change in Control: (A) any acquisition directly from the Company,
(B) any acquisition by the Company or (C) any acquisition by any employee benefit plan (or related trust) sponsored or maintained by the Company or any corporation controlled by the Company; 

(ii) In any 12-month period, the individuals who, as of the beginning of the 12-month period, constitute the Board (the
“Incumbent Board”) cease for any reason to constitute at least a majority of the Board; provided, however, that any individual becoming a director subsequent to the Effective Date whose election, or nomination for election by the
Company’s shareholders, was approved by a vote of at least a majority of the directors then comprising the Incumbent Board will be considered as though such individual were a member of the Incumbent Board, but excluding, for this purpose, any
such individual whose initial assumption of office occurs as a result of an actual or threatened election contest with respect to the election or removal of directors or other actual or threatened solicitation of proxies or consents by or on behalf
of a Person other than the Board; 
 (iii) Consummation of a reorganization, merger, statutory share exchange or consolidation or
similar corporate transaction involving the Company or any of its subsidiaries (in each case, not related to an insolvency proceeding, bankruptcy or liquidation of the Company); or 

(iv) The sale or other disposition of all or substantially all of the assets of the Company to any Person, other than a transfer to
any corporation or other Person of which a majority of its voting power or its voting equity securities or equity interest is owned, directly or indirectly, by the Company. 

(f) “Committee” means the Compensation Committee of the Board or another committee of two or more directors as established by
the Board. 
 (g) “Eligible Individual” means any employee of the Company or any of its subsidiaries who, at the time of a
Change in Control, is subject to any outstanding Equity Award and has executed and delivered to the Company a proprietary information agreement (including confidentiality, non-solicitation and non-competition agreements), code of business conduct
and employee handbook in such form as used by the Company. 
 (h) “Equity Award” means any equity-based award granted to an
employee pursuant to the Company’s Equity Plans on or prior to the date hereof, and unless otherwise determined by the Compensation Committee, after the date hereof but prior to a Change in Control. 

(i) “Equity Plans” means the Company’s 2003 Plan and 2005 Plan. 

  
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 (j) “Involuntary Termination” means any termination of the Eligible
Individual’s employment with the Company by the Company for any reason other than Cause or the Eligible Individual’s death or disability. 

(k) “Shares” means shares of the Company’s common stock, par value $0.001, subject to adjustment as provided in the
Equity Plans. 
 (l) “Termination Date” means the date on which the Eligible Individual’s employment with the Company
terminates. 
 Section 3. Plan Benefits 

(a) Assumption or Replacement of Equity Awards by Successor. In the event of a Change in Control, any surviving entity or acquiring
entity (a “Successor”) may provide for the assumption, conversion or replacement of any outstanding Equity Awards granted under the Equity Plans, which assumption, conversion or replacement will preserve the economic value of such
equity awards, including without limitation, the aggregate exercise price and ratio of exercise price to stock price. In the alternative, the Company or any Successor may substitute equivalent equity awards or provide substantially similar
consideration to the Eligible Individuals as was provided to stockholders (after taking into account the existing provisions of the Equity Awards). The Company or any Successor may also issue, in place of outstanding Shares of the Company held by an
Eligible Individual, substantially similar shares or other property subject to repurchase rights no less favorable to such Eligible Individual. The Committee shall determine whether any such assumption, conversion, replacement or substitution by a
Successor meets the requirements of this Section 3(a). 
 (b) Conversion of Performance-Based Awards. Upon the occurrence of a
Change in Control, each Eligible Individual who remains employed at the time of the Change in Control shall, with respect to all outstanding, unvested Equity Awards that are subject to performance-based vesting criteria that are held by such
Eligible Individual immediately prior to a Change in Control, be converted into time-based awards that shall vest based upon a reasonable time or service-based vesting criteria as determined by the Committee prior to the Change in Control in its
sole discretion but not extending beyond the original expiration date of such Equity Awards. 
 (c) Accelerated Vesting of Equity Awards
Upon an Involuntary Termination Following a Change in Control. In the event of an Involuntary Termination within twelve (12) months following a Change in Control, all outstanding Equity Awards held by the Eligible Individual on the
Termination Date (including awards that are subject only to time and service-based vesting criteria and awards that prior to the Change in Control were subject to performance-based vesting criteria), shall become immediately and fully vested and, to
the extent applicable, exercisable, and, to the extent applicable, any restrictions or conditions on such awards shall immediately lapse, subject to, except as otherwise required by applicable law, the Eligible Individual executing a general waiver
and release of claims in favor of the Company and its affiliates in a form provided by the Company (a “Release”) with such release becoming effective in accordance with its terms. 

  
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 (d) Accelerated Vesting of Equity Awards Upon a Change in Control. If, upon the occurrence
of a Change in Control the surviving entity does not assume, replace or substitute with equivalent awards in the manner contemplated in Section 3(a) (as determined by the Committee prior to the Change in Control in its sole discretion) and/or
as a result of which the common stock of the Successor into which the unvested Equity Awards are contemplated to be converted or replaced will not be traded on any public securities market (unless otherwise determined by the Committee), all of the
outstanding Equity Awards held by an Eligible Individual, including Equity Awards subject to performance-based vesting, held by such Eligible Individual shall become vested and, to the extent applicable, exercisable as of immediately prior to such
Change in Control. 
 Section 4. Limitations on Benefits 

(a) Excise Taxes. In the event that any benefits payable to an Eligible Individual pursuant to the Plan (“Payments”)
(i) constitute “parachute payments” within the meaning of Section 280G of the Internal Revenue Code, as amended (the “Code”), and (ii) but for this Section 4(a) would be subject to the excise tax
imposed by Section 4999 of the Code, or any comparable successor provisions (the “Excise Tax”), then the Eligible Individual’s Payments hereunder shall be either (a) provided to the Eligible Individual in full, or
(b) provided to the Eligible Individual as to such lesser extent which would result in no portion of such benefits being subject to the Excise Tax, whichever of the foregoing amounts, when taking into account applicable federal, state, local
and foreign income and employment taxes, the Excise Tax, and any other applicable taxes, results in the receipt by the Eligible Individual, on an after-tax basis, of the greatest amount of benefits, notwithstanding that all or some portion of such
benefits may be taxable under the Excise Tax, as determined by the Company with the input of accounting advisors and confirmed by the Committee. In the event that the payments and/or benefits are to be reduced pursuant to this Section 4(a),
such payments and benefits shall be reduced such that the reduction of compensation to be provided to Eligible Individual as a result of this Section 4(a) is minimized. In applying this principle, the reduction shall be made in a manner
consistent with the requirements of Section 409A (as defined below) and where two economically equivalent amounts are subject to reduction but payable at different times, such amounts shall be reduced on a pro rata basis but not below zero. For
purposes of making the calculations required by this Section 4, the Accountants may make reasonable assumptions and approximations concerning applicable taxes and may rely on reasonable, good faith interpretations concerning the application of
the Code, and other applicable legal authority. The Company and the applicable Eligible Individual shall furnish to the Accountants such information and documents as the Accountants may reasonably request in order to make a determination under this
Section 4(a). 
 (b) Section 409A Compliance.  

(i) This Plan is intended to comply with the requirements of Section 409A of the Code and the regulations and guidance promulgated
thereunder (“Section 409A”) or an exemption from Section 409A. The Company shall undertake to administer, interpret, and construe this Plan in a manner that does not result in the imposition on an Eligible Individual of
any additional tax, penalty, or interest under Section 409A; provided, however, in no event shall the Company be liable to the Eligible Individual for or with respect to 

  
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any taxes, penalties or interest which may be imposed upon the Eligible Individual pursuant to Section 409A. Each payment under this Plan shall be treated as a separate payment for purposes
of Section 409A. 
 (ii) A termination of employment shall not be deemed to have occurred for purposes of any provision of this
Plan providing for the payment of any amounts or benefits upon or following a termination of employment unless such termination is also a “separation from service” within the meaning of Section 409A and, for purposes of any such
provision of this Agreement, references to a “termination,” “termination of employment” or like terms shall mean “separation from service.” 

(iii) Notwithstanding anything herein to the contrary, in the event that an Eligible Individual is a “specified employee”
within the meaning of that term under Section 409A(a)(2)(B) of the Code, then with regard to any payment or the provision of any benefit (whether under this Plan or otherwise) that is considered deferred compensation under Section 409A
payable on account of a “separation from service,” and that is not exempt from Section 409A as involuntary separation pay or a short-term deferral (or otherwise), to the extent necessary to avoid the imposition of excise taxes under
Section 409A, such payment or benefit shall be made or provided at the date which is the earlier of (A) the expiration of the six (6)-month period measured from the date of such “separation from service” of the Eligible
Individual or (B) the date of the Eligible Individual’s death (the “Delay Period”). Upon the expiration of the Delay Period, all payments and benefits delayed pursuant to this Section 4(b) (whether they would have
otherwise been payable in a single sum or in installments in the absence of such delay) shall be paid or reimbursed to the Eligible Individual in a lump sum without interest, and any remaining payments and benefits due under this Plan shall be paid
or provided in accordance with the normal payment dates specified for them herein. 
 (iv) With respect to any Equity Award that
constitutes a “nonqualified deferred compensation plan” within the meaning of Section 409A, notwithstanding anything in this Plan or the applicable award agreement to the contrary, the settlement of each such award (to the extent
accelerated as a result of the application of Section 3 hereof) shall not occur until the earliest of (A) the Change in Control if such Change in Control constitutes a “change in the ownership of the corporation,” a “change
in effective control of the corporation” or a “change in the ownership of a substantial portion of the assets of the corporation,” within the meaning of Section 409A(a)(2)(A)(v) of the Code, (B) the date such award would
otherwise be settled pursuant to the terms of the applicable award agreement and (C) the applicable Termination Date. Moreover, if the Company determines in good faith that any provision (or part thereof) of this Plan shall be disregarded and
have no force or effect and the payment schedule shall be governed by the applicable provision of the applicable employment agreement or equity award agreement. 

Section 5. Right To Interpret Plan; Amendment and Termination 

(a) Exclusive Discretion. The Committee will have the exclusive discretion and authority to establish rules, forms, and procedures for
the administration of the Plan and to construe and interpret the Plan and to decide any and all questions of fact, interpretation, definition, computation or administration arising in connection with the operation of the Plan,

  
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including, but not limited to, the eligibility to participate in the Plan and amount of benefits paid under the Plan. The rules, interpretations, computations and other actions of the Committee
will be binding and conclusive on all persons. 
 (b) Amendment or Termination.  

(i) Prior to the occurrence of a Change in Control, the Board or the Committee may amend or terminate the Plan at any time and from
time to time. Termination or amendment of the Plan shall not affect any obligation of the Company under the Plan, which has accrued upon or after a Change in Control and is unpaid as of the effective date of the termination or amendment. 

(ii) From and after the occurrence of a Change in Control, no provision of the Plan shall be modified, waived or discharged unless the
modification, waiver or discharge is agreed to in writing and signed by the Eligible Individual and by an authorized officer of the Company (other than the Eligible Individual). 

(iii) Notwithstanding anything herein to the contrary, the Board or the Committee may amend the Plan (which amendment shall be
effective upon its adoption or at such other time designated by the Board or the Committee, as applicable) at any time as may be necessary to comply with any law or regulation, including, but not limited to, to avoid the imposition of any additional
taxes or penalties under Section 409A. 
 Section 6. No Implied Employment Contract 

The Company and each Eligible Individual acknowledge that each Eligible Individual’s employment is and shall continue to be at-will, as
defined under applicable law, and that the Plan shall not be deemed a contract of employment. If an Eligible Individual’s employment terminates for any reason other than an Involuntary Termination upon or following a Change in Control, the
Eligible Individual shall not be entitled to any benefits, damages, awards or compensation under Section 3 of the Plan, but may be entitled to payments or benefits in accordance with the Company’s other established employee plans and
practices or pursuant to other agreements with the Company. 
 Section 7. Successors 

(a) Company’s Successors. Any successor to the Company (whether direct or indirect and whether by purchase, merger, consolidation,
liquidation or otherwise) to all or substantially all of the Company’s business and/or equity will assume the obligations under the Plan and agree expressly to perform the obligations under the Plan in the same manner and to the same extent as
the Company would be required to perform such obligations in the absence of a succession. For all purposes under the Plan, the term “Company” will include any successor to the Company’s business and/or equity which executes and
delivers the assumption agreement described in this Section 7(a) or which becomes bound by the terms of the Plan by operation of law or otherwise. 

(b) Eligible Individual’s Successors. The terms of the Plan and all rights of the Eligible Individual hereunder will inure to the
benefit of, and be enforceable by, the Eligible Individual’s personal or legal representatives, executors, committees, successors, heirs, distributees, devisees and legatees. 

  
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 Section 8. Basis Of Payments To And From Plan 

The Plan is intended to be an unfunded plan. Eligible Individuals are and shall at all times be general creditors of the Company with respect
to their Equity Awards after an obligation hereunder is accrued upon or after a Change in Control. If the Committee or the Company chooses to set aside funds in a trust or otherwise for the payment of Equity Awards under the Plan, such funds shall
at all times be subject to the claims of the creditors of the Company in the event of its bankruptcy or insolvency. 
 Section 9. Miscellaneous

 (a) Notice. Notices and all other communications contemplated by the Plan will be in writing and will be deemed to have been
duly given either (i) when personally delivered or sent by facsimile or other electronic transmission (including e-mail) or (ii) five (5) days after being mailed by U.S. registered or certified mail, return receipt requested and
postage prepaid. In the case of the Eligible Individual, mailed notices shall be addressed to him or her at the home address or facsimile number or e-mail address which he or she most recently communicated to the Company in writing. In the case of
the Company, mailed notices or notices sent by facsimile shall be addressed to its corporate headquarters, and all notices shall be directed to the attention of its Corporate Secretary. 

(b) No Waiver. The failure of a party to insist upon strict adherence to any term of the Plan on any occasion shall not be considered a
waiver of such party’s rights or deprive such party of the right thereafter to insist upon strict adherence to that term or any other term of the Plan. 

(c) Severability. In the event that any one or more of the provisions of the Plan shall be or become invalid, illegal or unenforceable
in any respect or to any degree, the validity, legality and enforceability of the remaining provisions of the Plan shall not be affected thereby. The parties intend to give the terms of the Plan the fullest force and effect so that is any provision
shall be found to be invalid or unenforceable, the court reaching such conclusion may modify or interpret such provision in a manner that shall carry out the parties’ intent and shall be valid and enforceable. 

(d) Headings. The headings of the sections hereof are inserted for convenience only and shall not be deemed to constitute a part hereof
or to affect the meaning thereof. 
 (e) Governing Document. Unless explicitly stated otherwise in a written agreement or document
dated on or after the Effective Date, all Equity Awards shall be subject to the terms and conditions set forth in this Plan. For the avoidance of doubt, all Equity Awards granted prior to the Effective Date are subject to the terms and conditions of
this Plan. 
 (f) Arbitration of Disputes. Section 23 of the 2005 Plan is incorporated herein and shall govern any disputes
arising under or in connection with this Plan. 

  
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 (g) Creditor Status of Eligible Individuals. In the event that any Eligible Individual
acquires a right to receive payments from the Company under the Plan such right shall be no greater than the right of any unsecured general creditor of the Company. 

(h) Facility of Payment. If it shall be found that (i) an Eligible Individual entitled to receive any payment under the Plan is
physically or mentally incompetent to receive such payment and to give a valid release therefor, and (ii) another person or an institution is then maintaining or has custody of such Eligible Individual, and no guardian, committee, or other
representative of the estate of such person has been duly appointed by a court of competent jurisdiction, the payment may be made to such other person or institution referred to in (ii) above, and the release shall be a valid and complete
discharge for the payment. 
 (i) Withholding Taxes. The Company may withhold from any amounts payable under the Plan such federal,
state and local taxes as may be required to be withheld pursuant to any applicable law or regulation and make all payments under this Plan net of any federal, state and local taxes net of any amounts required to be paid or withheld. 

  
 8EX-10.11

 Exhibit 10.11 

ADEPT TECHNOLOGY, INC. 

2005 EQUITY INCENTIVE PLAN 

Restricted Stock Unit Award Grant Notice 

Adept Technology, Inc., a Delaware corporation, (the “Company”), pursuant to its 2005 Equity Incentive Plan, as
amended from time to time (the “Plan”), hereby grants to the individual set forth below (the “Participant”), an award of Restricted Stock Units (“RSUs”). Each Restricted Stock
Unit represents the right to receive one (1) share of Common Stock (as defined in the Plan). This award of RSUs is subject to all of the terms and conditions set forth in this Restricted Stock Unit Award Grant Notice (the “Grant
Notice”) and in the Restricted Stock Unit Award Agreement attached hereto as Appendix A (the Grant Notice and the Restricted Stock Unit Award Agreement together, the “Agreement”) and the Plan, which is
incorporated herein by reference. All capitalized terms used and not otherwise defined herein shall have the meanings ascribed to such terms in the Plan. 
  

			
		
	 Participant:
	  	Rob Cain
		
	 Grant Date:
	  	January 14, 2014
		
	 Total Number of RSUs:
	  	112,500 RSUs
		
	 Vesting Schedule:
	  	The RSUs shall vest according to Section 4 below.
		
	 Payment:
	  	The RSUs shall be settled and paid to the Participant in shares of Common Stock in accordance with Section 5 below.

 By his signature and the Company’s signature below, the Participant agrees to be bound by the terms and
conditions of the Plan and this Agreement. The Participant has reviewed this Agreement and the Plan in their entirety, has had an opportunity to obtain the advice of counsel prior to executing this Agreement and fully understands all provisions of
this Agreement and the Plan. The Participant hereby agrees to accept as binding, conclusive and final all decisions or interpretations of the Committee upon any questions arising under the Plan, this Grant Notice or the Agreement. In addition, by
signing this document, the Participant agrees that the RSUs and the 54,500 options granted on the Grant Date pursuant to a separate option agreement are in full satisfaction of the promise to grant options set forth in the offer letter between the
Participant and the Company dated August 2013. PLEASE BE SURE TO READ THE PLAN, WHICH CONTAINS ADDITIONAL SPECIFIC TERMS AND CONDITIONS OF THE RESTRICTED STOCK UNITS. 
  

											
	ADEPT TECHNOLOGY, INC.	 		 	PARTICIPANT:	 	
						
	 By:
	 	 /s/ Seth Halio
	 		 	By:	 	 /s/ Rob Cain
	 	
	 Print Name:
	 	 Seth Halio
	 		 	Print Name:	 	 Rob Cain
	 	
	 Title:
	 	 Chief Financial Officer
	 		 		 		 	
	 Address:
	 	 5960 Inglewood Drive
	 		 	Address:	 	  
	 	
		 	 Pleasanton, CA 94588
	 		 		 	  
	 	

  

 APPENDIX A 

ADEPT TECHNOLOGY, INC. RESTRICTED STOCK UNIT AWARD AGREEMENT 

1. Grant. Pursuant to this Agreement, in consideration of the Participant’s past and/or continued status as an employee and for
other good and valuable consideration, the Company hereby grants to the Participant an award of 112,500 RSUs as of the Grant Date set forth above, upon the terms and conditions set forth in the Plan and this Agreement. 

2. Plan Governs. The RSUs are granted pursuant to, and the terms of this Agreement are subject to, all terms and provisions of the
Plan. In the event of a conflict between one or more provisions of this Agreement and one or more provisions of the Plan, the provisions of the Plan will govern. All capitalized terms used but not otherwise defined herein shall have the meanings
ascribed to such terms in the Plan. Nothing is this Agreement is intended to, or has the effect of, modifying Participant’s obligations pursuant to any other agreement between Participant and the Company or any corporate code of conduct or
policy, as in effect and modified from time to time. 
 3. RSUs. Each vested RSU represents the right to receive payment, in
accordance with Section 5 below, of one (1) share of Common Stock. 
 4. Vesting Schedule. The RSUs shall vest and settle
as determined by the Price Formula, subject to the Payment Multiplier (the “Settlement Formula”). For purpose hereof the “Price Formula” means: (i) If the price of the Company’s
Common Stock on the Settlement Date (defined below) is greater than or equal to $15.00, the RSUs shall vest in full; (ii) if the price of the Company’s Common Stock on the Settlement Calculation Date is less than $4.92, the RSUs shall not
vest and shall be forfeited in full; and (iii) if the price of the Company’s Common Stock on the Settlement Date is less than $15.00, but greater than or equal to $4.92, the RSUs shall vest in the amount determined according to Schedule
A attached. If the Settlement Date occurs as a result of the Participant’s Separation from Service (defined below), the number of RSUs that shall vest according to the Price Formula will be multiplied by the percentage that would have
vested on or prior to the date of such Separation of Service according to the performance criteria of Schedule B attached (the “Payment Multiplier”). 

5. Payment of Vested RSUs. Payments in respect of the vested RSUs granted hereby shall be made to the Participant in whole shares of
Common Stock on or within ten (10) days following the earliest to occur of (i) the Participant’s “separation from service” from the Company (within the meaning of Section 409A of the Code) and whether voluntary or
involuntary (“Separation from Service”), or (ii) the consummation of a Change in Control that constitutes a “change in the ownership or effective control of a corporation, or a change in the ownership of a
substantial portion of the assets of a corporation” as defined in Treasury Regulation Section 1.409A-3(i)(5); provided, however, that any amounts payable upon such a Change in Control shall be paid to the Participant at the
same time(s) and subject to the same terms and conditions as apply generally to the holders of the Company’s Common Stock. The date upon which Section 6(a)(i) or 6(a)(ii) above is triggered shall be referred to herein as the
“Settlement Date”. Notwithstanding anything herein to the contrary, no such payment shall be 

 
made to the Participant prior to the expiration of the six (6)-month period following the Participant’s Separation from Service if the Participant is a “specified employee” (within
the meaning of Section 409A of the Code) on the date of his Separation from Service (as determined by the Company in accordance with Section 409A of the Code) and the Company determines that paying such amounts at the time set forth in
this Section 6 would be a prohibited distribution under Section 409A(a)(2)(B)(i) of the Code. 
 6. Withholding. To the
extent required by applicable federal, state, local or foreign law, the Participant must satisfy, in a manner satisfactory to the Company, any withholding tax obligations that arise by reason of the vesting and settlement of the RSUs. The Company
will not be required to issue Shares, make any payment or to recognize the transfer or disposition of Shares until the Participant satisfies such obligations. The Committee may permit these obligations to be satisfied by having the Company withhold
a portion of the Shares that otherwise would be issued to the Participant upon settlement of the RSUs, or by tendering Shares previously acquired. 

7. Rights as Stockholder. Neither the Participant nor any person claiming under or through the Participant will have any of the
rights or privileges of a stockholder of the Company in respect of any Shares that may become deliverable hereunder unless and until such Shares have been issued, recorded on the records of the Company or its transfer agents or registrars, and
delivered in certificate or book entry form to the Participant or any person claiming under or through the Participant.  
 8.
Section 280G. In the event that any benefits payable to the Participant pursuant to this Agreement (“Payments”) (i) constitute “parachute payments” within the meaning of Section 280G of the
Code, and (ii) but for this Section 8 would be subject to the excise tax imposed by Section 4999 of the Code, or any comparable successor provisions (the “Excise Tax”), then the Participant’s Payments
hereunder shall be either (i) provided to the Participant in full, or (ii) provided to the Participant as to such lesser extent which would result in no portion of such benefits being subject to the Excise Tax, whichever of the foregoing
amounts, when taking into account applicable federal, state, local and foreign income and employment taxes, the Excise Tax, and any other applicable taxes, results in the receipt by the Participant, on an after-tax basis, of the greatest amount of
benefits, notwithstanding that all or some portion of such benefits may be taxable under the Excise Tax. Any determination required under this Section 8 shall be made in writing as determined by the Company with the input of accounting advisors
and confirmed by the Compensation Committee of the Board. In the event that the payments and/or benefits are to be reduced pursuant to this Section 8, such payments and benefits shall be reduced such that the reduction of compensation to be
provided to The Participant as a result of this Section 8 is minimized. In applying this principle, the reduction shall be made in a manner consistent with the requirements of Section 409A and where two economically equivalent amounts are
subject to reduction but payable at different times, such amounts shall be reduced on a pro rata basis but not below zero. For purposes of making the calculations required by this Section 6.1, the Accountants may make reasonable assumptions and
approximations concerning applicable taxes and may rely on reasonable, good faith interpretations concerning the application of the Code, and other applicable legal authority. The Company and the applicable the Participant shall furnish to the
Accountants such information and documents as the Accountants may reasonably request in order to make a determination under this Section 8. 

 9. Transferability. Except as to the limited extent provided in Section 6 above or as
permitted by the Committee, the RSUs may not be sold, transferred, pledged, assigned, or otherwise alienated, encumbered or hypothecated by the Participant other than (i) by will or the laws of descent and distribution; provided that following
any such transfer or assignment the RSUs will remain subject to substantially the same terms applicable to the RSUs while held by the Participant, as modified as the Committee shall determine appropriate, and shall not be effective to bind the
Company until notice and such evidence as is necessary to establish the validity of the transfer is provided to the Company, and the transferee shall have executed an agreement agreeing to be bound by such terms. 

10. Additional Conditions to Issuance of Stock. Notwithstanding anything herein to the contrary, the Company shall not be required to
issue or deliver any shares of Common Stock pursuant to this Agreement prior to the fulfillment of the conditions set forth in Section 17 of the Plan. 

11. No Effect on Employment Status. Nothing in this Agreement will interfere with or limit in any way the right of the Company, its
Subsidiaries and/or its affiliates to terminate the Participant’s employment, consultancy, service on the Board or service for the Company at any time or for any reason not prohibited by law, nor confer upon the Participant any right to
continue his or her employment, consultancy or service for any specified period of time. 
 12. Successors; Binding Agreement. The
Company may assign any of its rights under this Agreement to single or multiple assignees. Subject to the limitations on the transferability of the RSUs contained herein, this Agreement shall be binding upon and inure to the benefit of the heirs,
legatees, legal representatives, successors and assigns of the parties hereto. 
 13. Headings. Headings provided herein are for
convenience only and are not to serve as a basis for interpretation or construction of this Agreement. 
 14. Severability. In the
event that any provision in this Agreement is held invalid or unenforceable, such provision will be severable from, and such invalidity or unenforceability will not be construed to have any effect on, the remaining provisions of this Agreement,
which shall remain in full force and effect. 
 15. Amendment. To the extent permitted by the Plan, the Committee may amend this
Agreement in any respect to the extent determined necessary or desirable by the Committee in its discretion. Notwithstanding the foregoing, no such amendment shall materially and adversely impair the rights of the Participant hereunder without the
Participant’s prior written consent. 
 16. Adjustments. The Participant acknowledges that the RSUs are subject to modification
and termination in certain events as provided in this Agreement and Section 13 of the Plan. 

 17. Tax Consultation. The Participant understands that the Participant may suffer adverse
tax consequences in connection with the RSUs granted pursuant to this Agreement. The Participant represents that the Participant has consulted with any tax consultant(s) that the Participant deems advisable in connection with the RSUs and that the
Participant is not relying on the Company for tax advice. 
 18. Governing Law. The laws of the State of Delaware shall govern the
interpretation, validity, administration, enforcement and performance of the terms of this Agreement, without giving effect to any principles of conflicts of laws. 

 SCHEDULE A 

PAYOUT FORMULA 
 If the price of the
Company’s Common Stock on the Payout Calculation Date is less than or equal to $15.00, but greater than or equal to $4.92, the Units shall be paid-out according to the following (with a straight line interpolation between two data points): 

 

			
	 Stock Price ($)
	  	 Percentage of Units to be

Paid-Out (%)

	 4.92
	  	20
	 5.50
	  	28
	 6.00
	  	34
	 6.50
	  	39
	 7.00
	  	44
	 7.50
	  	51
	 8.00
	  	57
	 8.50
	  	62
	 9.00
	  	67
	 9.50
	  	71
	 10.00
	  	75
	 10.50
	  	79
	 11.00
	  	82
	 11.50
	  	85
	 12.00
	  	88
	 12.50
	  	90
	 13.00
	  	92
	 13.50
	  	94
	 14.00
	  	96
	 14.50
	  	98
	 15.00
	  	100

 SCHEDULE B 

PAYOUT MULTIPLIER 
  

					
	Performance
Criteria*	  	%
Vesting	 	 Criteria - Timing

	 1. Stock Price
	  	20%	 	
		  	20%	 	
		  	20%	 	
			
	 2. Revenues
	  	5.0%	 	
		  	5.0%	 	
			
	 3. Net Cash
	  	5.0%	 	
		  	5.0%	 	
			
	 EPS
	  	20%	 	
			
		  	100%	 	

  

	*	As such Criteria is detailed in the Participant’s Performance Stock Option Agreement dated August 2013.

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