Document:

Amended and Restated 2003 Stock Incentive Plan

 Exhibit 10.1 
 SYNNEX CORPORATION 
 2003 STOCK INCENTIVE PLAN 
 (Adopted by the Board on September 2, 2003, 
 and amended and restated by the Board on January 10, 2006, June 20, 2006 and January 4, 2007. 
 Reflects 2:1
Reverse Stock Split on November 12, 2003) 

 TABLE OF CONTENTS 
  

							
	 	 	 	 	 	  	Page
	Section 1.	 	ESTABLISHMENT AND PURPOSE.	  	1
			
	Section 2.	 	DEFINITIONS.	  	1
		 	(a)	 	“Affiliate”	  	1
		 	(b)	 	“Award”	  	1
		 	(c)	 	“Board of Directors”	  	1
		 	(d)	 	“Change in Control”	  	1
		 	(e)	 	“Code”	  	2
		 	(f)	 	“Committee”	  	2
		 	(g)	 	“Company”	  	2
		 	(h)	 	“Consultant”	  	2
		 	(i)	 	“Disability”	  	3
		 	(j)	 	“Employee”	  	3
		 	(k)	 	“Exchange Act”	  	3
		 	(l)	 	“Exercise Price”	  	3
		 	(m)	 	“Fair Market Value”	  	3
		 	(n)	 	“ISO”	  	3
		 	(o)	 	“Misconduct”	  	3
		 	(p)	 	“Nonstatutory Option” or “NSO”	  	4
		 	(q)	 	“Offeree”	  	4
		 	(r)	 	“Option”	  	4
		 	(s)	 	“Optionee”	  	4
		 	(t)	 	“Outside Director”	  	4
		 	(u)	 	“Parent”	  	4
		 	(v)	 	“Participant”	  	4
		 	(w)	 	“Plan”	  	4
		 	(x)	 	“Purchase Price”	  	4
		 	(y)	 	“Restricted Share”	  	4
		 	(z)	 	“Restricted Share Agreement “	  	4
		 	(aa)	 	“SAR”	  	4
		 	(bb)	 	“SAR Agreement”	  	4
		 	(cc)	 	“Service”	  	4
		 	(dd)	 	“Share”	  	4
		 	(ee)	 	“Stock”	  	4
		 	(ff)	 	“Stock Option Agreement”	  	5
		 	(gg)	 	“Stock Unit”	  	5
		 	(hh)	 	“Stock Unit Agreement”	  	5
		 	(ii)	 	“Subsidiary”	  	5
			
	Section 3.	 	ADMINISTRATION.	  	5
		 	(a)	 	Committee Composition	  	5
		 	(b)	 	Committee for Non-Officer Grants	  	5
		 	(c)	 	Committee Procedures	  	5

  

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		 	(d)	 	Committee Responsibilities	  	6
			
	Section 4.	 	ELIGIBILITY.	  	7
		 	(a)	 	General Rule	  	7
		 	(b)	 	Automatic Grants to Outside Directors.	  	7
		 	(c)	 	Ten-Percent Stockholders.	  	8
		 	(d)	 	Attribution Rules.	  	8
		 	(e)	 	Outstanding Stock.	  	9
			
	Section 5.	 	STOCK SUBJECT TO PLAN.	  	9
		 	(a)	 	Basic Limitation	  	9
		 	(b)	 	Additional Shares	  	9
			
	Section 6.	 	RESTRICTED SHARES	  	9
		 	(a)	 	Restricted Stock Agreement	  	9
		 	(b)	 	Payment for Awards	  	9
		 	(c)	 	Vesting	  	10
		 	(d)	 	Voting and Dividend Rights	  	10
		 	(e)	 	Restrictions on Transfer of Shares	  	10
			
	Section 7.	 	TERMS AND CONDITIONS OF OPTIONS.	  	10
		 	(a)	 	Stock Option Agreement	  	10
		 	(b)	 	Number of Shares	  	10
		 	(c)	 	Exercise Price	  	10
		 	(d)	 	Withholding Taxes	  	11
		 	(e)	 	Exercisability and Term	  	11
		 	(f)	 	Exercise of Options Upon Termination of Service	  	11
		 	(g)	 	Effect of Change in Control	  	11
		 	(h)	 	Leaves of Absence	  	11
		 	(i)	 	No Rights as a Stockholder	  	12
		 	(j)	 	Modification, Extension and Renewal of Options	  	12
		 	(k)	 	Restrictions on Transfer of Shares	  	12
		 	(l)	 	Buyout Provisions	  	12
			
	Section 8.	 	PAYMENT FOR SHARES.	  	12
		 	(a)	 	General Rule	  	12
		 	(b)	 	Surrender of Stock	  	12
		 	(c)	 	Services Rendered	  	12
		 	(d)	 	Cashless Exercise	  	12
		 	(e)	 	Exercise/Pledge	  	13
		 	(f)	 	Promissory Note	  	13
		 	(g)	 	Other Forms of Payment	  	13
		 	(h)	 	Limitations under Applicable Law	  	13
			
	Section 9.	 	STOCK APPRECIATION RIGHTS.	  	13
		 	(a)	 	SAR Agreement	  	13
		 	(b)	 	Number of Shares	  	13

  

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		 	(c)	 	Exercise Price	  	13
		 	(d)	 	Exercisability and Term	  	13
		 	(e)	 	Effect of Change in Control	  	14
		 	(f)	 	Exercise of SARs	  	14
		 	(g)	 	Modification or Assumption of SARs	  	14
			
	Section 10.	 	STOCK UNITS.	  	14
		 	(a)	 	Stock Unit Agreement	  	14
		 	(b)	 	Payment for Awards	  	14
		 	(c)	 	Vesting Conditions	  	14
		 	(d)	 	Voting and Dividend Rights	  	14
		 	(e)	 	Form and Time of Settlement of Stock Units	  	15
		 	(f)	 	Death of Recipient	  	15
		 	(g)	 	Creditors’ Rights	  	15
			
	Section 11.	 	ADJUSTMENT OF SHARES.	  	15
		 	(a)	 	Adjustments	  	15
		 	(b)	 	Dissolution or Liquidation	  	16
		 	(c)	 	Reorganizations	  	16
		 	(d)	 	Reservation of Rights	  	16
			
	Section 12.	 	LEGAL AND REGULATORY REQUIREMENTS.	  	16
			
	Section 13.	 	WITHHOLDING TAXES.	  	17
		 	(a)	 	General	  	17
		 	(b)	 	Share Withholding	  	17
			
	Section 14.	 	LIMITATION ON PARACHUTE PAYMENTS.	  	17
		 	(a)	 	Scope of Limitation.	  	17
		 	(b)	 	Basic Rule	  	17
		 	(c)	 	Reduction of Payments	  	17
		 	(d)	 	Related Corporations	  	18
			
	Section 15.	 	NO EMPLOYMENT RIGHTS.	  	18
			
	Section 16.	 	DURATION AND AMENDMENTS.	  	18
		 	(a)	 	Term of the Plan	  	18
		 	(b)	 	Right to Amend or Terminate the Plan	  	18
		 	(c)	 	Effect of Amendment or Termination	  	18
			
	Section 17.	 	EXECUTION.	  	18

  

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 SYNNEX CORPORATION 
 2003 STOCK INCENTIVE PLAN 
 SECTION 1. ESTABLISHMENT AND PURPOSE. 
 The Plan was adopted by the Board of Directors on September 2, 2003, effective as of the date of the initial offering of Stock to the public pursuant
to a registration statement filed by the Company with the Securities and Exchange Commission, and was amended and restated by the Board of Directors on January 10, 2006. The purpose of the Plan is to promote the long-term success of the Company
and the creation of stockholder value by (a) encouraging Employees, Outside Directors and Consultants to focus on critical long-range objectives, (b) encouraging the attraction and retention of Employees, Outside Directors and Consultants
with exceptional qualifications and (c) linking Employees, Outside Directors and Consultants directly to stockholder interests through increased stock ownership. The Plan seeks to achieve this purpose by providing for Awards in the form of
restricted shares, stock units, options (which may constitute incentive stock options or nonstatutory stock options) or stock appreciation rights. 
 SECTION 2. DEFINITIONS. 
 (a) “Affiliate” shall mean any entity other than a Subsidiary, if the Company
and/or one of more Subsidiaries own not less than 50% of such entity. 
 (b) “Award” shall mean any award of an Option, a
SAR, a Restricted Share or a Stock Unit under the Plan. 
 (c) “Board of Directors” shall mean the Board of Directors of the
Company, as constituted from time to time. 
 (d) “Change in Control” shall mean the occurrence of any of the following
events: 
 (i) A change in the composition of the Board of Directors occurs, as a result of which fewer than one-half of the
incumbent directors are directors who either: 
 (A) Had been directors of the Company on the “look-back date” (as
defined below) (the “original directors”); or 
 (B) Were elected, or nominated for election, to the Board of
Directors with the affirmative votes of at least a majority of the aggregate of the original directors who were still in office at the time of the election or nomination and the directors whose election or nomination was previously so approved (the
“continuing directors”); or 
 (ii) Any “person” (as defined below) who by the acquisition or aggregation
of securities, is or becomes the “beneficial owner” (as defined in Rule 13d-3 under the Exchange Act), directly or indirectly, of securities of the Company representing 50% or more of the combined voting power of the Company’s then
outstanding securities 

  

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ordinarily (and apart from rights accruing under special circumstances) having the right to vote at elections of directors (the “Base Capital
Stock”); except that any change in the relative beneficial ownership of the Company’s securities by any person resulting solely from a reduction in the aggregate number of outstanding shares of Base Capital Stock, and any decrease
thereafter in such person’s ownership of securities, shall be disregarded until such person increases in any manner, directly or indirectly, such person’s beneficial ownership of any securities of the Company; or 
 (iii) The consummation of a merger or consolidation of the Company with or into another entity or any other corporate reorganization, if
persons who were not stockholders of the Company immediately prior to such merger, consolidation or other reorganization own immediately after such merger, consolidation or other reorganization 50% or more of the voting power of the outstanding
securities of each of (A) the continuing or surviving entity and (B) any direct or indirect parent corporation of such continuing or surviving entity; or 
 (iv) The sale, transfer or other disposition of all or substantially all of the Company’s assets. 
 For purposes of subsection (d)(i) above, the term “look-back” date shall mean the later of (1) September 2, 2003 or (2) the date
24 months prior to the date of the event that may constitute a Change in Control. 
 For purposes of subsection (d)(ii)) above, the term
“person” shall have the same meaning as when used in Sections 13(d) and 14(d) of the Exchange Act but shall exclude (1) a trustee or other fiduciary holding securities under an employee benefit plan maintained by the Company or a
Parent or Subsidiary and (2) a corporation owned directly or indirectly by the stockholders of the Company in substantially the same proportions as their ownership of the Stock. 
 Any other provision of this Section 2(d) notwithstanding, a transaction shall not constitute a Change in Control if its sole purpose is to change
the state of the Company’s incorporation or to create a holding company that will be owned in substantially the same proportions by the persons who held the Company’s securities immediately before such transaction, and a Change in Control
shall not be deemed to occur if the Company files a registration statement with the Securities and Exchange Commission for the initial offering of Stock to the public. 
 (e) “Code” shall mean the Internal Revenue Code of 1986, as amended. 
 (f)
“Committee” shall mean the Compensation Committee as designated by the Board of Directors, which is authorized to administer the Plan, as described in Section 3 hereof. 
 (g) “Company” shall mean SYNNEX Corporation 
 (h) “Consultant” shall mean a consultant or advisor who provides bona fide services to the Company, a Parent, a Subsidiary or an Affiliate as an independent contractor or a member of the board of
directors of a Parent or a Subsidiary who is not an Employee. Service as a Consultant shall be considered Service for all purposes of the Plan. 
  

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 (i) “Disability” shall mean that the Optionee is unable to engage in any substantial
gainful activity by reason of any medically determinable physical or mental impairment. 
 (j) “Employee” shall mean any
individual who is a common-law employee of the Company, a Parent or a Subsidiary. 
 (k) “Exchange Act” shall mean the
Securities Exchange Act of 1934, as amended. 
 (l) “Exercise Price” shall mean, in the case of an Option, the amount for
which one Common Share may be purchased upon exercise of such Option, as specified in the applicable Stock Option Agreement. “Exercise Price,” in the case of a SAR, shall mean an amount, as specified in the applicable SAR Agreement, which
is subtracted from the Fair Market Value of one Common Share in determining the amount payable upon exercise of such SAR. 
 (m)
“Fair Market Value” with respect to a Share, shall mean the market price of one Share of Stock, determined by the Committee as follows: 
 (i) If the Stock was traded over-the-counter on the date in question but was not traded on The Nasdaq Stock Market, then the Fair Market Value shall be equal to the last transaction price quoted for such date by the
OTC Bulletin Board or, if not so quoted, shall be equal to the mean between the last reported representative bid and asked prices quoted for such date by the principal automated inter-dealer quotation system on which the Stock is quoted or, if the
Stock is not quoted on any such system, by the Pink Sheets LLC; 
 (ii) If the Stock was traded on The Nasdaq Stock Market,
then the Fair Market Value shall be equal to the last reported sale price quoted for such date by The Nasdaq Stock Market; 
 (iii) If the Stock was traded on a United States stock exchange on the date in question, then the Fair Market Value shall be equal to the closing price reported for such date by the applicable composite-transactions report; and 

(iv) If none of the foregoing provisions is applicable, then the Fair Market Value shall be determined by the Committee in good faith
on such basis as it deems appropriate. 
 In all cases, the determination of Fair Market Value by the Committee shall be conclusive and binding on all
persons. 
 (n) “ISO” shall mean an employee incentive stock option described in Section 422 of the Code. 

(o) “Misconduct” shall mean the commission of any act of fraud, embezzlement or dishonesty by the Participant, any unauthorized use
or disclosure by the Participant of confidential information or trade secrets of the Company (or any Parent or Subsidiary), or any other intentional misconduct by the Participant adversely affecting the business or affairs of the Company (or any
Parent or Subsidiary) in a material manner. The foregoing definition shall not be deemed to be inclusive of all the acts or omissions which the Company (or any Parent or Subsidiary) may consider as grounds for the dismissal or discharge of the
Participant or any other individual in the Service of the Company (or any Parent or Subsidiary). 
  

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 (p) “Nonstatutory Option” or “NSO” shall mean an employee stock option that is
not an ISO. 
 (q) “Offeree” shall mean an individual to whom the Committee has offered the right to acquire Shares under
the Plan (other than upon exercise of an Option). 
 (r) “Option” shall mean an ISO or Nonstatutory Option granted under the
Plan and entitling the holder to purchase Shares. 
 (s) “Optionee” shall mean an individual or estate who holds an Option
or SAR. 
 (t) “Outside Director” shall mean a member of the Board of Directors who is not a common-law employee of the
Company, a Parent or a Subsidiary. Service as an Outside Director shall be considered Service for all purposes of the Plan, except as provided in the second sentence of Section 4(a). 
 (u) “Parent” shall mean any corporation (other than the Company) in an unbroken chain of corporations ending with the Company, if each
of the corporations other than the Company owns stock possessing 50% or more of the total combined voting power of all classes of stock in one of the other corporations in such chain. A corporation that attains the status of a Parent on a date after
the adoption of the Plan shall be a Parent commencing as of such date. 
 (v) “Participant” shall mean an individual or
estate who holds an Award. 
 (w) “Plan” shall mean this 2003 Stock Incentive Plan of SYNNEX Corporation, as amended from
time to time. 
 (x) “Purchase Price” shall mean the consideration for which one Share may be acquired under the Plan (other
than upon exercise of an Option), as specified by the Committee. 
 (y) “Restricted Share” shall mean a Share awarded under
the Plan. 
 (z) “Restricted Share Agreement” shall mean the agreement between the Company and the recipient of a Restricted
Share which contains the terms, conditions and restrictions pertaining to such Restricted Shares. 
 (aa) “SAR” shall mean a
stock appreciation right granted under the Plan. 
 (bb) “SAR Agreement” shall mean the agreement between the Company and an
Optionee which contains the terms, conditions and restrictions pertaining to his or her SAR. 
 (cc) “Service” shall mean
service as an Employee, Consultant or Outside Director. 
 (dd) “Share” shall mean one share of Stock, as adjusted in
accordance with Section 11 (if applicable). 
 (ee) “Stock” shall mean the Common Stock of the Company. 
  

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 (ff) “Stock Option Agreement” shall mean the agreement between the Company and an
Optionee that contains the terms, conditions and restrictions pertaining to such Option. 
 (gg) “Stock Unit” shall mean a
bookkeeping entry representing the Company’s obligation to deliver one Share (or distribute cash) on a future date in accordance with the terms, conditions and restrictions of a Stock Unit Agreement. 
 (hh) “Stock Unit Agreement” shall mean the agreement between the Company and the recipient of a Stock Unit which contains the terms,
conditions and restrictions pertaining to such Stock Unit. 
 (ii) “Subsidiary” shall mean any corporation, if the Company
and/or one or more other Subsidiaries own not less than 50% of the total combined voting power of all classes of outstanding stock of such corporation. A corporation that attains the status of a Subsidiary on a date after the adoption of the Plan
shall be considered a Subsidiary commencing as of such date. 
 SECTION 3. ADMINISTRATION. 
 (a) Committee Composition. The Plan shall be administered by the Committee. The Committee shall consist of two or more directors of the Company,
who shall be appointed by the Board. In addition, the composition of the Committee shall satisfy 
 (i) such requirements as
the Securities and Exchange Commission may establish for administrators acting under plans intended to qualify for exemption under Rule 16b-3 (or its successor) under the Exchange Act; and 
 (ii) such requirements as the Internal Revenue Service may establish for outside directors acting under plans intended to qualify for
exemption under Section 162(m)(4)(C) of the Code. 
 (b) Committee for Non-Officer Grants. The Board may also appoint one or more
separate committees of the Board, each composed of one or more directors of the Company who need not satisfy the requirements of Section 3(a), who may administer the Plan with respect to Employees who are not considered officers or directors of
the Company under Section 16 of the Exchange Act, may grant Awards under the Plan to such Employees and may determine all terms of such grants. Within the limitations of the preceding sentence, any reference in the Plan to the Committee shall
include such committee or committees appointed pursuant to the preceding sentence. The Board of Directors may also authorize one or more officers of the Company to designate Employees, other than officers under Section 16 of the Exchange Act,
to receive Awards and/or to determine the number of such Awards to be received by such persons; provided, however, that the Board of Directors shall specify the total number of Awards that such officers may so award. 
 (c) Committee Procedures. The Board of Directors shall designate one of the members of the Committee as chairman. The Committee may hold meetings
at such times and places as it shall determine. The acts of a majority of the Committee members present at meetings at which a quorum exists, or acts reduced to or approved in writing by all Committee members, shall be valid acts of the Committee.

  

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 (d) Committee Responsibilities. Subject to the provisions of the Plan, the Committee shall have
full authority and discretion to take the following actions: 
 (i) To interpret the Plan and to apply its provisions;

 (ii) To adopt, amend or rescind rules, procedures and forms relating to the Plan; 
 (iii) To authorize any person to execute, on behalf of the Company, any instrument required to carry out the purposes of the Plan;

 (iv) To determine when Awards are to be granted under the Plan; 
 (v) To select the Offerees and Optionees; 
 (vi) To determine the number of Shares to be made subject to each Award; 
 (vii) To prescribe
the terms and conditions of each Award, including (without limitation) the Exercise Price and Purchas Price, and the vesting or duration of the Award (including accelerating the vesting of Awards, either at the time of the Award or thereafter,
without the consent of the Participant), to determine whether an Option is to be classified as an ISO or as a Nonstatutory Option, and to specify the provisions of the agreement relating to such Award; 
 (viii) To amend any outstanding Award agreement, subject to applicable legal restrictions and to the consent of the Participant if the
Participant’s rights or obligations would be adversely affected; 
 (ix) To prescribe the consideration for the grant of
each Award or other right under the Plan and to determine the sufficiency of such consideration; 
 (x) To determine the
disposition of each Award or other right under the Plan in the event of a Participant’s divorce or dissolution of marriage; 
 (xi) To determine whether Awards under the Plan will be granted in replacement of other grants under an incentive or other compensation plan of an acquired business; 
 (xii) To correct any defect, supply any omission, or reconcile any inconsistency in the Plan or any Award agreement; and 
 (xiii) To take any other actions deemed necessary or advisable for the administration of the Plan. 
 Subject to the requirements of applicable law, the Committee may designate persons other than members of the Committee to carry out its responsibilities and may
prescribe such conditions and limitations as it may deem appropriate, except that the Committee may not delegate its authority with regard to the selection for participation of or the granting of Options or other rights under the Plan to persons
subject to Section 16 of the Exchange Act. All decisions, 

  

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interpretations and other actions of the Committee shall be final and binding on all Offerees, all Optionees, and all persons deriving their rights from an
Offeree or Optionee. No member of the Committee shall be liable for any action that he has taken or has failed to take in good faith with respect to the Plan, any Option, or any right to acquire Shares under the Plan. 
 SECTION 4. ELIGIBILITY. 
 (a) General
Rule. Only Employees shall be eligible for the grant of ISOs. Only Employees, Consultants and Outside Directors shall be eligible for the grant of Restricted Shares, Stock Units, Nonstatutory Options or SARs. 
 (b) Automatic Grants to Outside Directors. 
 (i) Each Outside Director who first joins the Board of Directors after January 4, 2007, and who was not previously an Employee, shall receive a Nonstatutory Option to purchase 10,000 Shares (subject to adjustment
under Section 11) and 2,000 Restricted Shares (subject to adjustment under Section 11) on the first business day after his or her election to the Board of Directors; provided, however, if the first business day after his or her election
falls within a trading black-out period, then the grant date for Options or Restricted Shares granted pursuant to this section shall be upon the expiration of the third trading day after the trading black-out period ends. 
 (ii) On the first business day following the conclusion of each regular annual meeting of the Company’s stockholders after such
Outside Director’s appointment or election to the Board of Directors, commencing with the annual meeting occurring after January 4, 2007, each Outside Director who will continue serving as a member of the Board of Directors thereafter
shall receive 2,000 Restricted Shares (subject to adjustment under Section 11), provided such Outside Director has served on the Board of Directors for at least six months; provided, further, if the first business day following the conclusion
of the regular annual meeting of the Company’s stockholders after such Outside Director’s appointment or election to the Board of Directors falls within a trading black-out period, then the grant date for Restricted Shares granted pursuant
to this section shall be upon the expiration of the third trading day after the trading black-out period ends. 
 (iii) The
Exercise Price of all Nonstatutory Options granted to an Outside Director under this Section 4(b) shall be equal to 100% of the Fair Market Value of a Share on the date of grant, payable in one of the forms described in Section 8(a),
(b) or (d). 
 (iv)(A) With respect to Options granted to Outside Directors under this Section 4(b) after
January 4, 2007, one-third (1/3) of the Shares subject to each Option shall vest and become exercisable on the first anniversary of the date of grant, and the balance of the Shares subject to each Option (i.e., the remaining
two-thirds (2/3)) shall vest and become exercisable monthly over a two-year period beginning on the day which is one month after the first anniversary of the date of grant; (B) with respect to Restricted Shares awarded to Outside Directors
under this Section 4(b) after January 4, 2007, one-third (1/3) of the Restricted Shares shall vest on each anniversary of the date of grant over 

  

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a three-year period; and (C) notwithstanding the foregoing, upon an Outside Director’s retirement from the Board of Directors with the consent of
the Board, each award of Restricted Shares under Section 4(b)(ii) above to such Outside Director shall become fully vested. 
 (v) Subject to Sections 4(b)(vi) and (vii) below, all Nonstatutory Options granted to an Outside Director under this Section 4(e) shall terminate on the day before the tenth anniversary of the date of grant of such Options.

 (vi) If an Outside Director’s Service terminates for any reason, then his or her Options granted under this
Section 4(b) shall expire on the earliest of the following occasions: 
 (A) The expiration date determined pursuant to
Section 4(b)(v) above; 
 (B) The date 12 months after the termination of the Outside Director’s Service, if the
termination occurs because of his or her death or Disability; 
 (C) The date of the Outside Director’s termination of
Service, if the termination occurs by reason of his or her Misconduct; or 
 (D) The date three months after the termination
of the Outside Director’s Service, if the termination occurs for any reason other than death, Disability or Misconduct. 
 The Outside
Director may exercise all or part of his or her Options at any time before the expiration of such Options under the preceding sentence, but only to the extent that such Options had become vested before his or her Service terminated. The balance of
such Options shall lapse when the Outside Director’s Service terminates. 
 (vii) In the event that the Outside Director
dies after the termination of his or her Service but before the expiration of his or her Options granted under this Section 4(b), then his or her Options shall expire on the earlier of the following dates: 
 (A) The expiration date determined pursuant to Section 4(b)(v) above; or 
 (B) The date 12 months after his or her death. 
 (c) Ten-Percent Stockholders. An Employee who owns more than 10% of the total combined voting power of all classes of outstanding stock of the Company, a Parent or Subsidiary shall not be eligible for the grant
of an ISO unless such grant satisfies the requirements of Section 422(c)(5) of the Code. 
 (d) Attribution Rules. For purposes
of Section 4(c) above, in determining stock ownership, an Employee shall be deemed to own the stock owned, directly or indirectly, by or for such Employee’s brothers, sisters, spouse, ancestors and lineal descendants. Stock owned, directly
or indirectly, by or for a corporation, partnership, estate or trust shall be deemed to be owned proportionately by or for its stockholders, partners or beneficiaries. 
  

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 (e) Outstanding Stock. For purposes of Section 4(c) above, “outstanding stock”
shall include all stock actually issued and outstanding immediately after the grant. “Outstanding stock” shall not include shares authorized for issuance under outstanding options held by the Employee or by any other person. 
 SECTION 5. STOCK SUBJECT TO PLAN. 
 (a) Basic
Limitation. Shares offered under the Plan shall be authorized but unissued Shares or treasury Shares. Subject to Section 5(b) below, the maximum aggregate number of Options, SARs and Restricted Shares awarded under the Plan shall not exceed
the sum of (i) the number of Shares subject to outstanding options granted under the Company’s 1997 Stock Option/Stock Issuance Plan, Special Executive Stock Option/Stock Issuance Plan and 1993 Stock Option Plan (the “Predecessor
Plans”), as of the effective date of the Plan, to the extent those options expire, terminate or are cancelled for any reason prior to exercise in full, plus (ii) 5,506,649 Shares; provided, however, that such sum shall not exceed
14,111,761 Shares. The limitations of this Section 5(a) shall be subject to adjustment pursuant to Section 11. All Share amounts set forth in the Plan have been adjusted to give effect to a 2 for 1 reverse stock split of the Stock which
was effected on November 12, 2003. The number of Shares that are subject to Options or other rights outstanding at any time under the Plan shall not exceed the number of Shares which then remain available for issuance under the Plan. The
Company, during the term of the Plan, shall at all times reserve and keep available sufficient Shares to satisfy the requirements of the Plan. 
 (b) Additional Shares. If Restricted Shares or Shares issued upon the exercise of Options are forfeited, then such Shares shall again become available for Awards under the Plan. If Stock Units, Options or SARs are forfeited or
terminate for any other reason before being exercised or settled, as applicable, then the corresponding Shares shall again become available for Awards under the Plan. If Stock Units are settled, then only the number of Shares (if any) actually
issued in settlement of such Stock Units shall reduce the number available under Section 5(a) and the balance shall again become available for Awards under the Plan. If SARs are exercised, then only the number of Shares (if any) actually issued
in settlement of such SARs shall reduce the number available in Section 5(a) and the balance shall again become available for Awards under the Plan. 
 SECTION 6. RESTRICTED SHARES 
 (a) Restricted Stock Agreement. Each grant of Restricted Shares under the Plan
shall be evidenced by a Restricted Stock Agreement between the recipient and the Company. Such Restricted Shares shall be subject to all applicable terms of the Plan and may be subject to any other terms that are not inconsistent with the Plan. The
provisions of the various Restricted Stock Agreements entered into under the Plan need not be identical. 
 (b) Payment for Awards.
Subject to the following sentence, Restricted Shares may be sold or awarded under the Plan for such consideration as the Committee may determine, including (without limitation) cash, cash equivalents, full-recourse promissory notes, past services
and future services. To the extent that an Award consists of newly issued Restricted Shares, the Award recipient shall furnish consideration with a value not less than the par value of such Restricted Shares in the form of cash, cash equivalents, or
past services rendered to the Company (or a Parent or Subsidiary), as the Committee may determine. 
  

 -9- 

 (c) Vesting. Each Award of Restricted Shares may or may not be subject to vesting. Vesting shall
occur, in full or in installments, upon satisfaction of the conditions specified in the Restricted Stock Agreement. A Restricted Stock Agreement may provide for accelerated vesting in the event of the Participant’s death, disability or
retirement or other events. The Committee may determine, at the time of granting Restricted Shares of thereafter, that all or part of such Restricted Shares shall become vested in the event that a Change in Control occurs with respect to the
Company. 
 (d) Voting and Dividend Rights. The holders of Restricted Shares awarded under the Plan shall have the same voting,
dividend and other rights as the Company’s other stockholders. A Restricted Stock Agreement, however, may require that the holders of Restricted Shares invest any cash dividends received in additional Restricted Shares. Such additional
Restricted Shares shall be subject to the same conditions and restrictions as the Award with respect to which the dividends were paid. 
 (e)
Restrictions on Transfer of Shares. Restricted Shares shall be subject to such rights of repurchase, rights of first refusal or other restrictions as the Committee may determine. Such restrictions shall be set forth in the applicable
Restricted Stock Agreement and shall apply in addition to any general restrictions that may apply to all holders of Shares. 
 SECTION 7. TERMS AND
CONDITIONS OF OPTIONS. 
 (a) Stock Option Agreement. Each grant of an Option under the Plan shall be evidenced by a Stock Option
Agreement between the Optionee and the Company. Such Option shall be subject to all applicable terms and conditions of the Plan and may be subject to any other terms and conditions which are not inconsistent with the Plan and which the Committee
deems appropriate for inclusion in a Stock Option Agreement. The Stock Option Agreement shall specify whether the Option is an ISO or an NSO. The provisions of the various Stock Option Agreements entered into under the Plan need not be identical.
Options may be granted in consideration of a reduction in the Optionee’s other compensation. 
 (b) Number of Shares. Each Stock
Option Agreement shall specify the number of Shares that are subject to the Option and shall provide for the adjustment of such number in accordance with Section 11. Options granted to an Optionee in a single calendar year of the Company shall
not cover more than 1,500,000 Shares, except that Options granted to a new Employee or Consultant in the calendar year of the Company in which his or her Service first commences shall not cover more than 2,500,000 Shares (in each case subject to
adjustment in accordance with Section 11). 
 (c) Exercise Price. Each Stock Option Agreement shall specify the Exercise Price.
The Exercise Price of an ISO shall not be less than 100% of the Fair Market Value of a Share on the date of grant, except as otherwise provided in Section 4(c), and the Exercise Price of an NSO shall not be less 85% of the Fair Market Value of
a Share on the date of grant. Notwithstanding the foregoing, a Stock Option Agreement may specify that the exercise price of an NSO may vary in accordance with a predetermined formula. Subject to the foregoing in this Section 7(c), the Exercise
Price under any Option shall be determined by the Committee at its sole discretion. The Exercise Price shall be payable in one of the forms described in Section 8. 
  

 -10- 

 (d) Withholding Taxes. As a condition to the exercise of an Option, the Optionee shall make such
arrangements as the Committee may require for the satisfaction of any federal, state, local or foreign withholding tax obligations that may arise in connection with such exercise. The Optionee shall also make such arrangements as the Committee may
require for the satisfaction of any federal, state, local or foreign withholding tax obligations that may arise in connection with the disposition of Shares acquired by exercising an Option. 
 (e) Exercisability and Term. Each Stock Option Agreement shall specify the date when all or any installment of the Option is to become
exercisable. The Stock Option Agreement shall also specify the term of the Option; provided that the term of an ISO shall in no event exceed 10 years from the date of grant (five years for Employees described in Section 4(c)). A Stock Option
Agreement may provide for accelerated exercisability in the event of the Optionee’s death, disability, or retirement or other events and may provide for expiration prior to the end of its term in the event of the termination of the
Optionee’s Service. Options may be awarded in combination with SARs, and such an Award may provide that the Options will not be exercisable unless the related SARs are forfeited. Subject to the foregoing in this Section 7(e), the Committee
at its sole discretion shall determine when all or any installment of an Option is to become exercisable and when an Option is to expire. 
 (f) Exercise of Options Upon Termination of Service. Each Stock Option Agreement shall set forth the extent to which the Optionee shall have the right to exercise the Option following termination of the Optionee’s Service with
the Company and its Subsidiaries, and the right to exercise the Option of any executors or administrators of the Optionee’s estate or any person who has acquired such Option(s) directly from the Optionee by bequest or inheritance. Such
provisions shall be determined in the sole discretion of the Committee, need not be uniform among all Options issued pursuant to the Plan, and may reflect distinctions based on the reasons for termination of Service. 
 (g) Effect of Change in Control. The Committee may determine, at the time of granting an Option or thereafter, that such Option shall become
exercisable as to all or part of the Shares subject to such Option in the event that a Change in Control occurs with respect to the Company. 
 (h) Leaves of Absence. An Employee’s Service shall cease when such Employee ceases to be actively employed by, or a Consultant to, the Company (or any subsidiary) as determined in the sole discretion of the Board of Directors.
For purposes of Options, Service does not terminate when an Employee goes on a bona fide leave of absence, that was approved by the Company in writing, if the terms of the leave provide for continued service crediting, or when continued service
crediting is required by applicable law. However, for purposes of determining whether an Option is entitled to ISO status, an Employee’s Service will be treated as terminating 90 days after such Employee went on leave, unless such
Employee’s right to return to active work is guaranteed by law or by a contract. Service terminates in any event when the approved leave ends, unless such Employee immediately returns to active work. The Company determines which leaves count
toward Service, and when Service terminates for all purposes under the Plan. 
  

 -11- 

 (i) No Rights as a Stockholder. An Optionee, or a transferee of an Optionee, shall have no rights
as a stockholder with respect to any Shares covered by his Option until the date of the issuance of a stock certificate for such Shares. No adjustments shall be made, except as provided in Section 11. 
 (j) Modification, Extension and Renewal of Options. Within the limitations of the Plan, the Committee may modify, extend or renew outstanding
options or may accept the cancellation of outstanding options (to the extent not previously exercised), whether or not granted hereunder, in return for the grant of new Options for the same or a different number of Shares and at the same or a
different exercise price, or in return for the grant of the same or a different number of Shares. The foregoing notwithstanding, no modification of an Option shall, without the consent of the Optionee, adversely affect his or her rights or
obligations under such Option. 
 (k) Restrictions on Transfer of Shares. Any Shares issued upon exercise of an Option shall be
subject to such special forfeiture conditions, rights of repurchase, rights of first refusal and other transfer restrictions as the Committee may determine. Such restrictions shall be set forth in the applicable Stock Option Agreement and shall
apply in addition to any general restrictions that may apply to all holders of Shares. 
 (l) Buyout Provisions. The Committee may at
any time (a) offer to buy out for a payment in cash or cash equivalents an Option previously granted or (b) authorize an Optionee to elect to cash out an Option previously granted, in either case at such time and based upon such terms and
conditions as the Committee shall establish. 
 SECTION 8. PAYMENT FOR SHARES. 
 (a) General Rule. The entire Exercise Price or Purchase Price of Shares issued under the Plan shall be payable in lawful money of the United States
of America at the time when such Shares are purchased, except as provided in Section 8(b) through Section 8(g) below. 
 (b)
Surrender of Stock. To the extent that a Stock Option Agreement so provides, payment may be made all or in part by surrendering, or attesting to the ownership of, Shares which have already been owned by the Optionee or his representative.
Such Shares shall be valued at their Fair Market Value on the date when the new Shares are purchased under the Plan. The Optionee shall not surrender, or attest to the ownership of, Shares in payment of the Exercise Price if such action would cause
the Company to recognize compensation expense (or additional compensation expense) with respect to the Option for financial reporting purposes. 
 (c) Services Rendered. At the discretion of the Committee, Shares may be awarded under the Plan in consideration of services rendered to the Company or a Subsidiary prior to the award. If Shares are awarded without the payment of a
Purchase Price in cash, the Committee shall make a determination (at the time of the award) of the value of the services rendered by the Offeree and the sufficiency of the consideration to meet the requirements of Section 6(b). 
 (d) Cashless Exercise. To the extent that a Stock Option Agreement so provides, payment may be made all or in part by delivery (on a form
prescribed by the Committee) of an irrevocable direction to a securities broker to sell Shares and to deliver all or part of the sale proceeds to the Company in payment of the aggregate Exercise Price. 
  

 -12- 

 (e) Exercise/Pledge. To the extent that a Stock Option Agreement so provides, payment may be made
all or in part by delivery (on a form prescribed by the Committee) of an irrevocable direction to a securities broker or lender to pledge Shares, as security for a loan, and to deliver all or part of the loan proceeds to the Company in payment of
the aggregate Exercise Price. 
 (f) Promissory Note. To the extent that a Stock Option Agreement or Restricted Stock Agreement so
provides, payment may be made all or in part by delivering (on a form prescribed by the Company) a full-recourse promissory note. However, the par value of the Common Shares being purchased under the Plan, if newly issued, shall be paid in cash or
cash equivalents. 
 (g) Other Forms of Payment. To the extent that a Stock Option Agreement or Restricted Stock Agreement so
provides, payment may be made in any other form that is consistent with applicable laws, regulations and rules. 
 (h) Limitations under
Applicable Law. Notwithstanding anything herein or in a Stock Option Agreement or Restricted Stock Agreement to the contrary, payment may not be made in any form that is unlawful, as determined by the Committee in its sole discretion.

 SECTION 9. STOCK APPRECIATION RIGHTS. 
 (a) SAR Agreement. Each grant of a SAR under the Plan shall be evidenced by a SAR Agreement between the Optionee and the Company. Such SAR shall be subject to all applicable terms of the Plan and may be subject to any other terms
that are not inconsistent with the Plan. The provisions of the various SAR Agreements entered into under the Plan need not be identical. SARs may be granted in consideration of a reduction in the Optionee’s other compensation. 
 (b) Number of Shares. Each SAR Agreement shall specify the number of Shares to which the SAR pertains and shall provide for the adjustment
of such number in accordance with Section 11. SARs granted to any Optionee in a single calendar year shall in no event pertain to more than 1,500,000 Shares, except that SARs granted to a new Employee or Consultant in the calendar year of the
Company in which his or her Service first commences shall not pertain to more than 2,500,000 Shares. The limitations set forth in the preceding sentence shall be subject to adjustment in accordance with Section 11. 
 (c) Exercise Price. Each SAR Agreement shall specify the Exercise Price. A SAR Agreement may specify an Exercise Price that varies in
accordance with a predetermined formula while the SAR is outstanding. 
 (d) Exercisability and Term. Each SAR Agreement shall
specify the date when all or any installment of the SAR is to become exercisable. The SAR Agreement shall also specify the term of the SAR. A SAR Agreement may provide for accelerated exercisability in the event of the Optionee’s death,
disability or retirement or other events and may provide for expiration prior to the end of its term in the event of the termination of the Optionee’s service. SARs may be awarded in combination with Options, and such an Award may provide that
the SARs will not be exercisable unless the related Options are forfeited. A SAR may be included in an ISO only at the time of grant but may be included in an NSO at the time of grant or thereafter. A SAR granted under the Plan may provide that it
will be exercisable only in the event of a Change in Control. 
  

 -13- 

 (e) Effect of Change in Control. The Committee may determine, at the time of granting a SAR or
thereafter, that such SAR shall become fully exercisable as to all Common Shares subject to such SAR in the event that a Change in Control occurs with respect to the Company. 
 (f) Exercise of SARs. Upon exercise of a SAR, the Optionee (or any person having the right to exercise the SAR after his or her death) shall
receive from the Company (a) Shares, (b) cash or (c) a combination of Shares and cash, as the Committee shall determine. The amount of cash and/or the Fair Market Value of Shares received upon exercise of SARs shall, in the aggregate,
be equal to the amount by which the Fair Market Value (on the date of surrender) of the Shares subject to the SARs exceeds the Exercise Price. 
 (g) Modification or Assumption of SARs. Within the limitations of the Plan, the Committee may modify, extend or assume outstanding SARs or may accept the cancellation of outstanding SARs (whether granted by the Company or by another
issuer) in return for the grant of new SARs for the same or a different number of shares and at the same or a different exercise price. The foregoing notwithstanding, no modification of a SAR shall, without the consent of the holder, may alter or
impair his or her rights or obligations under such SAR. 
 SECTION 10. STOCK UNITS. 
 (a) Stock Unit Agreement. Each grant of Stock Units under the Plan shall be evidenced by a Stock Unit Agreement between the recipient and the
Company. Stock Units shall be subject to all applicable terms of the Plan and may be subject to any other terms that are not inconsistent with the Plan. The provisions of the various Stock Unit Agreements entered into under the Plan need not be
identical. Stock Units may be granted in consideration of a reduction in the recipient’s other compensation. 
 (b) Payment for
Awards. To the extent that an Award is granted in the form of Stock Units, no cash consideration shall be required of the Award recipients. 
 (c) Vesting Conditions. Each Award of Stock Units may or may not be subject to vesting. Vesting shall occur, in full or in installments, upon satisfaction of the conditions specified in the Stock Unit Agreement. A Stock Unit
Agreement may provide for accelerated vesting in the event of the Participant’s death, disability or retirement or other events. The Committee may determine, at the time of granting Stock Units or thereafter, that all or part of such Stock
Units shall become vested in the event that a Change in Control occurs with respect to the Company. 
 (d) Voting and Dividend Rights.
The holders of Stock Units shall have no voting rights. Prior to settlement or forfeiture, any Stock Unit awarded under the Plan may, at the Committee’s discretion, carry with it a right to dividend equivalents. Such right entitles the holder
to be credited with an amount equal to all cash dividends paid on one Share while the Stock Unit is outstanding. Dividend equivalents may be converted into additional Stock Units. Settlement of dividend equivalents may be made in the form of cash,
in the form of Shares, or in a combination of both. Prior to distribution, any dividend equivalents which are not paid shall be subject to the same conditions and restrictions (including without limitation, any forfeiture conditions) as the Stock
Units to which they attach. 
  

 -14- 

 (e) Form and Time of Settlement of Stock Units. Settlement of vested Stock Units may be made in
the form of (a) cash, (b) Shares or (c) any combination of both, as determined by the Committee. The actual number of Stock Units eligible for settlement may be larger or smaller than the number included in the original Award, based
on predetermined performance factors. Methods of converting Stock Units into cash may include (without limitation) a method based on the average Fair Market Value of Shares over a series of trading days. Vested Stock Units may be settled in a lump
sum or in installments. The distribution may occur or commence when all vesting conditions applicable to the Stock Units have been satisfied or have lapsed, or it may be deferred to any later date. The amount of a deferred distribution may be
increased by an interest factor or by dividend equivalents. Until an Award of Stock Units is settled, the number of such Stock Units shall be subject to adjustment pursuant to Section 11. 
 (f) Death of Recipient. Any Stock Units Award that becomes payable after the recipient’s death shall be distributed to the recipient’s
beneficiary or beneficiaries. Each recipient of a Stock Units Award under the Plan shall designate one or more beneficiaries for this purpose by filing the prescribed form with the Company. A beneficiary designation may be changed by filing the
prescribed form with the Company at any time before the Award recipient’s death. If no beneficiary was designated or if no designated beneficiary survives the Award recipient, then any Stock Units Award that becomes payable after the
recipient’s death shall be distributed to the recipient’s estate. 
 (g) Creditors’ Rights. A holder of Stock Units
shall have no rights other than those of a general creditor of the Company. Stock Units represent an unfunded and unsecured obligation of the Company, subject to the terms and conditions of the applicable Stock Unit Agreement. 
 SECTION 11. ADJUSTMENT OF SHARES. 
 (a)
Adjustments. In the event of a subdivision of the outstanding Stock, a declaration of a dividend payable in Shares, a declaration of a dividend payable in a form other than Shares in an amount that has a material effect on the price of
Shares, a combination or consolidation of the outstanding Stock (by reclassification or otherwise) into a lesser number of Shares, a recapitalization, a spin-off or a similar occurrence, the Committee shall make such adjustments as it, in its sole
discretion, deems appropriate in one or more of: 
 (i) The number of Options, SARs, Restricted Shares and Stock Units
available for future Awards under Section 5; 
 (ii) The limitations set forth in Section 5(a), Section 7(b)
and Section 9(b); 
 (iii) The number of NSOs to be granted to Outside Directors under Section 4(b); 
 (iv) The number of Shares covered by each outstanding Option and SAR; 
 (v) The Exercise Price under each outstanding Option and SAR; or 
  

 -15- 

 (vi) The number of Stock Units included in any prior Award which has not yet been
settled. 
 Except as provided in this Section 11, a Participant shall have no rights by reason of any issue by the Company of stock of any class or
securities convertible into stock of any class, any subdivision or consolidation of shares of stock of any class, the payment of any stock dividend or any other increase or decrease in the number of shares of stock of any class. 
 (b) Dissolution or Liquidation. To the extent not previously exercised or settled, Options, SARs and Stock Units shall terminate immediately prior
to the dissolution or liquidation of the Company. 
 (c) Reorganizations. In the event that the Company is a party to a merger or
other reorganization, outstanding Awards shall be subject to the agreement of merger or reorganization. Such agreement shall provide for: 
 (i) The continuation of the outstanding Awards by the Company, if the Company is a surviving corporation; 
 (ii) The assumption of the outstanding Awards by the surviving corporation or its parent or subsidiary; 
 (iii) The substitution by the surviving corporation or its parent or subsidiary of its own awards for the outstanding Awards; 
 (iv) Full exercisability or vesting and accelerated expiration of the outstanding Awards; or 
 (v) Settlement of the full value of the outstanding Awards in cash or cash equivalents followed by cancellation of such Awards.

 (d) Reservation of Rights. Except as provided in this Section 11, an Optionee or Offeree shall have no rights by reason of any
subdivision or consolidation of shares of stock of any class, the payment of any dividend or any other increase or decrease in the number of shares of stock of any class. Any issue by the Company of shares of stock of any class, or securities
convertible into shares of stock of any class, shall not affect, and no adjustment by reason thereof shall be made with respect to, the number or Exercise Price of Shares subject to an Option. The grant of an Option pursuant to the Plan shall not
affect in any way the right or power of the Company to make adjustments, reclassifications, reorganizations or changes of its capital or business structure, to merge or consolidate or to dissolve, liquidate, sell or transfer all or any part of its
business or assets. 
 SECTION 12. LEGAL AND REGULATORY REQUIREMENTS. 
 Shares shall not be issued under the Plan unless the issuance and delivery of such Shares complies with (or is exempt from) all applicable requirements of
law, including (without limitation) the Securities Act of 1933, as amended, the rules and regulations promulgated thereunder, state securities laws and regulations and the regulations of any stock exchange on which the Company’s securities may
then be listed, and the Company has obtained the approval or favorable ruling from any governmental agency which the Company determines is necessary or advisable. 
  

 -16- 

 SECTION 13. WITHHOLDING TAXES. 
 (a) General. To the extent required by applicable federal, state, local or foreign law, a Participant or his or her successor shall make arrangements satisfactory to the Company for the satisfaction of any
withholding tax obligations that arise in connection with the Plan. The Company shall not be required to issue any Shares or make any cash payment under the Plan until such obligations are satisfied. 
 (b) Share Withholding. The Committee may permit a Participant to satisfy all or part of his or her withholding or income tax obligations by having
the Company withhold all or a portion of any Shares that otherwise would be issued to him or her or by surrendering all or a portion of any Shares that he or she previously acquired. Such Shares shall be valued at their Fair Market Value on the date
when taxes otherwise would be withheld in cash. In no event may a Participant have Shares withheld that would otherwise be issued to him or her in excess of the number necessary to satisfy the legally required minimum tax withholding. 
 SECTION 14. LIMITATION ON PARACHUTE PAYMENTS. 
 (a) Scope of Limitation.. This Section 14 shall apply to an Award only if the independent auditors most recently selected by the Board (the “Auditors”) determine that the after-tax value of such Award to the Optionee
or Offeree, taking into account the effect of all federal, state and local income taxes, employment taxes and excise taxes applicable to the Optionee or Offeree (including the excise tax under section 4999 of the Code), will be greater after the
application of this Section 14 than it was before application of this Section 14. 
 (b) Basic Rule. In the event that the
Auditors determine that any payment or transfer by the Company under the Plan to or for the benefit of a Participant (a “Payment”) would be nondeductible by the Company for federal income tax purposes because of the provisions concerning
“excess parachute payments” in Section 280G of the Code, then the aggregate present value of all Payments shall be reduced (but not below zero) to the Reduced Amount. For purposes of this Section 14, the “Reduced
Amount” shall be the amount, expressed as a present value, which maximizes the aggregate present value of the Payments without causing any Payment to be nondeductible by the Company because of Section 280G of the Code. 
 (c) Reduction of Payments. If the Auditors determine that any Payment would be nondeductible by the Company because of Section 280G of the
Code, then the Company shall promptly give the Participant notice to that effect and a copy of the detailed calculation thereof and of the Reduced Amount, and the Participant may then elect, in his or her sole discretion, which and how much of the
Payments shall be eliminated or reduced (as long as after such election the aggregate present value of the Payments equals the Reduced Amount) and shall advise the Company in writing of his or her election within 10 days of receipt of notice. If no
such election is made by the Participant within such 10-day period, then the Company may elect which and how much of the Payments shall be eliminated or reduced (as long as after such election the aggregate present value of the Payments equals the
Reduced Amount) and shall notify the Participant promptly of such election. For purposes of this Section 14, present value 

  

 -17- 

 
shall be determined in accordance with Section 280G(d)(4) of the Code. All determinations made by the Auditors under this Section 14 shall be
binding upon the Company and the Participant and shall be made within 60 days of the date when a Payment becomes payable or transferable. As promptly as practicable following such determination and the elections hereunder, the Company shall pay or
transfer to or for the benefit of the Participant such amounts as are then due to him or her under the Plan and shall promptly pay or transfer to or for the benefit of the Participant in the future such amounts as become due to him or her under the
Plan. 
 (d) Related Corporations. For purposes of this Section 14, the term “Company” shall include affiliated
corporations to the extent determined by the Auditors in accordance with Section 280G(d)(5) of the Code. 
 SECTION 15. NO EMPLOYMENT RIGHTS.

 No provision of the Plan, nor any right or Option granted under the Plan, shall be construed to give any person any right to become, to
be treated as, or to remain an Employee. The Company and its Subsidiaries reserve the right to terminate any person’s Service at any time and for any reason, with or without notice. 
 SECTION 16. DURATION AND AMENDMENTS. 
 (a) Term of the Plan. The Plan, as set forth
herein, shall terminate automatically on September 1, 2013, and may be terminated on any earlier date pursuant to Subsection (b) below. 
 (b) Right to Amend or Terminate the Plan. The Board of Directors may amend the Plan at any time and from time to time. Rights and obligations under any Award granted before amendment of the Plan shall not be materially impaired by
such amendment, except with consent of the Participant. An amendment of the Plan shall be subject to the approval of the Company’s stockholders only to the extent required by applicable laws, regulations or rules. 
 (c) Effect of Amendment or Termination. No Awards shall be granted under the Plan after the termination thereof. The termination of the Plan, or
any amendment thereof, shall not affect Awards previously granted under the Plan. 
 SECTION 17. EXECUTION. 
 To record the amendment and restatement of the Plan by the Board of Directors on January 4, 2007, the Company has caused its authorized officer to
execute the same. 
  

 -18- 

			
	SYNNEX Corporation
		
	By	 	 /s/ Simon Leung

		 	Simon Leung
		 	General Counsel and Secretary

  

 -19-Employment Agreement

 Exhibit 10.14 
 EMPLOYMENT AGREEMENT 
 This Employment Agreement (“Agreement”) is made and entered into as of the
Effective Date (as defined in the Support Agreement referred to below) by and between SYNNEX Canada Limited, a corporation amalgamated under the laws of the Province of Ontario (hereinafter called the “Company”) and James A.
Estill (hereinafter called “Employee”). 
 WHEREAS: 
  

	A.	Employee has been employed with EMJ Data Systems Ltd. (“EMJ”); 

  

	B.	A Retention Escrow Agreement between, among others, Company and Employee has been made and entered into as of July 14, 2004; 

  

	C.	A Support Agreement between, among others, Company and EMJ has been made an entered into as of July 14, 2004; 

 NOW, THEREFORE, in consideration of the foregoing and the mutual covenants herein contained and other good and valuable consideration, the receipt and
sufficiency of which is acknowledged, the parties agree as follows: 
 1. Employment. Company shall employ Employee and Employee shall perform services
on behalf of Company as its employee as provided herein during the Employment Period. In this Agreement, “Employment Period” shall mean the period beginning on the Effective Date, and terminating the date on which Employee’s
employment is terminated in accordance with the provisions of Section 11 hereof or upon the death of Employee, whichever occurs first. 
 2. Capacity
and Services. Company shall employ Employee as President and Chief Executive Officer of Company. Employee shall perform such duties and have such authority as may from time to time be assigned, delegated or limited by Company’s Board of
Directors (the “Board”) or the President and Chief Executive Officer of SYNNEX Corporation. Employee shall perform these duties in accordance with the charter documents and by-laws of Company, the instructions of the Board, the President
and Chief Executive Officer of SYNNEX Corporation and Company policy. Employee shall diligently and faithfully serve Company and use Employee’s best efforts to promote the interests and goodwill of Company. 
 3. Full Time and Attention. Employee shall devote 100% of Employee’s business time to Employee’s duties hereunder, provided however that the Employee
shall be entitled to engage in other commercial and community activities provided that those activities do not conflict with the Employee’s duties hereunder or are not adverse to the interests of Company, including without limitation,
participation on boards of directors of other companies of which the Employee is as of the date hereof a director and such other entities as consented to by the Company in writing. 
 4. Salary. The base salary rate of Employee shall be CAD$110,000.00 per year, subject to withholdings and payable in accordance with Company’s usual payroll practices (“base salary”).
Employee’s base salary and performance may be reviewed on an annual basis. In its sole discretion, Company may increase Employee’s base salary rate. 
 5. Discretionary Bonus. In addition to base salary, Employee will be eligible, but in no event entitled, to receive bonus compensation based on the discretion and profitability of Company and/or other criteria as may be determined at
Company’s sole discretion from time to time. Bonus plans, entitlement and eligibility may be modified from time to time at the discretion of Company’s Board of Directors or SYNNEX Corporation, but in any event, shall be consistent with
Company’s plans and practices for other senior executives of Company. 

 - 2 - 
  

 6. Executive Compensation. In addition to base salary, and in accordance with applicable plans, policies and
programs, the Employee shall be eligible to participate in SYNNEX Corporation’s stock option plan and any other executive compensation programs that may be in place from time to time for senior executives of Company, on a basis consistent with
other senior executives of Company. 
 7. Health and Welfare Benefits. Employee will be entitled to participate in Employee health benefit programs
which are generally made available to senior executives of Company. Company may, at any time and from time to time, modify, suspend, or discontinue any or all such benefits for its employees generally or for any group thereof, without any obligation
to replace any such benefit with any other benefit, or to otherwise compensate Employee in respect thereof. 
 8. Vacation. Employee is entitled to
take up to four weeks’ vacation per calendar year. Unless otherwise agreed in writing, vacation must be taken in the year in which it accrues, may not be carried over from year to year. The taking and timing of vacations shall be in accordance
with Company’s policies and practices for senior Employees taking into consideration the needs of Company. 
 9. Expenses Incidental to
Employment. Company shall promptly reimburse Employee in accordance with its normal policies and practices for Employee’s travel and other expenses or disbursements reasonably and necessarily incurred or made in connection with
Company’s business. 
 10. Proprietary Information and Inventions Agreement. Employee will comply with the terms of Company’s Proprietary
Information and Inventions Agreement, attached hereto as Schedule “A”, the terms of which are incorporated herein by reference and together shall be referred to as this “Agreement”. 
 11. Non-Competition. During Employee’s employment with Company and for a period of two years thereafter, Employee shall not engage in any activity which is
“in competition” with Company in Canada, provided however that if Employee is terminated following a change in control of Company said two year period shall be reduced to nil. For the purposes hereof, “in competition” means
acting, directly or indirectly, alone or as a partner, officer, director, employee, consultant, agent, independent contractor or shareholder of any entity that is in competition with the products or services from time to time being designed,
developed, licensed, marketed or sold by Company. 
 12. Termination. 
  

	(a)	Cause. Company may immediately terminate the employment of Employee at any time for Cause by providing written notice to Employee of Employee’s immediate termination of
employment. If Company terminates the employment of Employee for Cause under this Section 11(a), Employee’s benefits shall cease and Company shall not be obligated to make any further payments under this Agreement except amounts due and
owing at the time of the termination. Without limiting the foregoing, any one or more of the following events shall constitute Cause: 

  

	 	(i)	theft, dishonesty, or breach of law by Employee; 

  

	 	(ii)	any material breach or default of Employee’s obligations hereunder, or any material neglect of duty, misconduct or disobedience of Employee in discharging any of
Employee’s duties and responsibilities hereunder; 

 - 3 - 
  

	 	(iii)	Employee’s acceptance of a gift of any kind, other than gifts of nominal or inconsequential value, from any source directly or indirectly related to Employee’s employment
with Company, except if the acceptance of such a gift is in the ordinary course of business in the industry of Company provided that Employee provides notice to Company’s Board of Directors’ of his acceptance of such a gift;

  

	 	(iv)	any failure of or refusal by Employee to comply with the reasonable and lawful policies, rules and regulations of Company; or 

  

	 	(v)	anything or any behaviour on the part of Employee that constitutes just Cause at law in accordance with the laws of the Province of Ontario. 

  

	(b)	Resignation. Employee shall give Company 30 days’ written notice of the resignation of Employee’s employment hereunder and, subject to the following sentence,
Employee’s employment shall terminate on the date specified in the notice. Upon receipt of Employee’s notice of resignation, or at any time thereafter, Company shall have the right to elect to pay Employee’s base salary for the
remainder of the notice period and continue Employee’s benefits for the period of notice (subject to any exclusions required by Company’s insurers), and if Company so elects, Employee’s employment shall terminate immediately upon such
payment. 

  

	(c)	Disability. “Disability” as used in this Agreement shall mean a physical or mental incapacity of Employee that has prevented Employee from performing the essential
duties customarily assigned to Employee, with all reasonable accommodations required by law, for 180 days, whether or not consecutive, out of any 12 consecutive months and that in the opinion of Company’s Board of Directors, acting
reasonably, is likely to continue. If Company determines that Employee has suffered any Disability, Company may terminate Employee’s employment by notice given to Employee. If Employee’s employment terminates by reason of notice given
under this Section 11(c), Employee shall receive, in lieu of all amounts otherwise payable hereunder (except for amounts earned but not yet paid to Employee through the date of such Disability), compensation at Employee’s base salary rate
for a 3-month period following the date of Disability. If and for so long as Employee is eligible and meets any conditions of Company’s plans and policies, Employee will be entitled to long-term disability benefits. 

  

	(d)	Termination on Notice. Company may terminate the employment of Employee at any time without Cause, by prior written notice or pay in lieu of notice given to Employee in
accordance with applicable employment laws and the common law of the Province of Ontario. Company will recognize Employee’s service with EMJ for the purpose of determining the period of notice. 

  

	(e)	Resignation for Good Reason. Employee may resign his employment hereunder for Good Reason upon written notice to Company specifying the reasons for resigning for Good Reason.
If Employee resigns his employment hereunder for Good Reason, Employee shall be entitled to a payment in lieu of notice in accordance with applicable laws of the Province of Ontario as if Employee’s employment had been terminated without Cause
and without prior notice. For the purposes of this Agreement, resignation for “Good Reason” means a resignation by Employee due to a: 

  

	 	(i)	significant or material diminution in Employee’s authority, duties or responsibilities normally associated with Employee’s position, that is not cured within 10 days of
written notification thereof to Company by Employee; 

 - 4 - 
  

	 	(ii)	significant or material change in Employee’s current reporting relationships without prior reasonable notice (which is to be calculated in accordance with paragraph 11(d)
hereto), that is not cured within 10 days of written notification thereof to Company by Employee; or 

  

	 	(iii)	reduction by Company of Employee’s base salary rate. 

  

	(f)	Employee’s health and welfare benefit coverage shall cease upon termination of Employee’s employment pursuant to Sections 11(d) or 11(e), except that where the
employment is terminated by pay in lieu of notice, benefit coverage (subject to any exclusions required by Company’s insurers) shall continue only until the expiry of the notice period or until Employee commences other employment, whichever
occurs first. For the purposes of this Section 11 and Company’s obligations, “pay in lieu of notice” of “payment in lieu of notice” shall be at Employee’s base salary rate and shall not include any bonus,
incentive, executive compensation, stock options, or other discretionary income or benefits, and shall be paid in a lump sum promptly following Employee’s termination of employment subject to dispute as to the length of notice period for which
payment is to be made. The notice or payments provided for in this Section 11 shall be inclusive of Employee’s entitlement to notice, termination pay, and severance pay under the Employment Standards Act, 2000, shall satisfy all of
Company’s obligations in relation to the termination of Employee’s employment and shall be accepted and received by Employee in lieu of any other notice, pay in lieu of notice, termination pay, severance pay, claim or cause of action for
damages relating to the termination of Employee’s employment. Employee acknowledges and agrees that the provisions of Section 11 are fair and reasonable, subject to dispute as to the length of notice period for which payment is to be made,
and are the result of negotiation. 

  

	(g)	Employee shall be entitled to all earned but unpaid base salary and payments in respect of expenses subject to reimbursement accrued or incurred up to and including the date on
which notice of termination or resignation is given. 

 13. Results of Termination. Upon termination of Employee’s employment, this
Agreement shall remain in force except that the provisions of 2, 3, 4, 5, 6, 7 and 8 shall terminate, and Company shall have no further obligations or responsibilities to Employee hereunder or under any of Company’s employee benefit programs
except as expressly provided in Section 11, and nothing herein contained shall be construed to limit or restrict in any way Company’s ability to pursue any remedies it may have at law or equity pursuant to the provisions of this Agreement
of Employee’s employment. 
 14. Representations and Warranties. Employee represents and warrants to Company that the execution and performance
of this Agreement will not result in or constitute a default, breach, or violation, or an event that, with notice or lapse of time or both, would be a default, breach, or violation, of any understanding, agreement or commitment, written or oral,
express or implied, to which Employee is a party or by which Employee or Employee’s property is bound. Employee shall defend, indemnify and hold Company harmless from any liability, expense or claim (including solicitor’s fees incurred in
respect thereof) by any person in any way arising out of, relating to, or in connection with any incorrectness of breach of the representations and warranties in this Section 13. 
 15. Rights and Remedies. All rights and remedies of the parties are separate and cumulative, and none of them, whether exercised or not, shall be deemed to be to the exclusion of any other rights or remedies or
shall be deemed to limit or prejudice any other legal or equitable rights or remedies which either of the parties may have. 

 - 5 - 
  

 16. Waiver. Any purported waiver of any default, breach or non-compliance under this Agreement is not effective
unless in writing and signed by the party to be bound by the waiver. No waiver shall be inferred from or implied by any failure to act or delay in acting by a party in respect of any default, breach or non-observance or by anything done or omitted
to be done by the other party. The waiver by a party of any default, breach or non-compliance under this Agreement shall not operate as a waiver of that party’s rights under this Agreement in respect of any continuing or subsequent default,
breach or non-observance (whether of the same or any other nature). 
 17. Severability. Any provision of this Agreement that is prohibited or
unenforceable shall be ineffective to the extent of the prohibition or unenforceability and shall be severed from the balance of this Agreement, all without affecting the remaining provisions of this Agreement or affecting the validity or
enforceability of such provision. 
 18. Notices. Any notice or other communication required or permitted to be given or made under this Agreement
shall be in writing and shall be effectively given and made if (i) delivered personally, (ii) sent by prepaid courier service, or (iii) sent by fax, or other similar means of electronic communication, in each case to the applicable
address set out below: 
  

					
	(a)	  	if to Company, to:
		  	SYNNEX Canada Limited
		  	44201 Nobel Drive
		  	Fremont, CA 94538
		  	Attn:	 	Chief Financial Officer
		  		 	General Counsel
		  	Fax: (510) 656-3333
		
	(b)	  	if to Employee, to:
		  	James A. Estill
		  	c/o EMJ Data Systems Ltd.
		  	7067 Wellington Rd. 124
		  	RR6, Guelph, Ontario, Canada N1H 6J3
		  	Attn: Jim Estill
		  	Fax: (519) 837-1479

 Any such communication so given or made shall be deemed to have been given or made and to have been received on
the day of delivery if delivered by 5:00 p.m. on that day. Otherwise, the communication shall be deemed to have been given and made and to have been received on the next following business day. Any party may from time to time change its address
under this Section 17 by notice to the other party given in the manner provided by this section. 
 19. Successors and Assigns. This Agreement
shall enure to the benefit of, and be binding on, the parties and their respective heirs, administrators, executors, successors and permitted assigns. Company shall have the right to assign this Agreement to any successor (whether direct or
indirect, by purchase, amalgamation, arrangement, merger, consolidation or otherwise) to all or substantially all of the business and/or assets of Company provided only that Company must first require the successor to expressly assume and agree to
perform this Agreement in the same manner and to the same extent that Company would be required to perform it if no such succession had taken place. Employee by Employee’s signature hereto expressly consents to such assignment. Employee shall
not assign or transfer, whether absolutely, by way of security or otherwise, all or any part of Employee’s rights or obligations under this Agreement without the prior consent of Company, which may be arbitrarily withheld. 

 - 6 - 
  

 20. Entire Agreement. This Agreement and its Schedules, and applicable provisions of the Retention Escrow
Agreement constitute the entire agreement and understanding with respect to the employment of Employee by Company and related covenants and supersedes any and all prior agreements and understandings, whether oral or written, relating thereto. This
Agreement shall not be modified or amended except by written agreement signed by Employee and by a representative of Company pursuant to a duly adopted resolution of its Board of Directors approving such modification or amendment 
 21. Governing Law. This Agreement shall be governed by and construed in accordance with the laws of the Province of Ontario and the laws of Canada applicable in
that Province. 
 22. Headings. The division of this Agreement into sections and the insertion of headings are for convenience of reference only and
shall not affect the construction or interpretation of this Agreement. 
 23. Full Satisfaction. The terms set out in this Agreement, provided that
such terms are satisfied by Company, are in lieu of (and not in addition to) and in full satisfaction of any and all other claims or entitlements which Employee has or may have upon the termination of Employee’s employment and the compliance by
Company with these terms will effect a full and complete release of Company and its parent and their respective affiliates, associates, subsidiaries and related companies from any and all claims which Employee may have for whatever reason or cause
in connection with Employee’s employment and the termination of it, other than those obligations specifically set out in this Agreement. In agreeing to the terms set out in this Agreement, Employee specifically agrees to deliver upon request
appropriate resignations from all offices and positions with Company and its parent and their respective affiliated, associated, subsidiary or related companies if, as and when requested by Company upon termination of Employee’s employment
within the circumstances contemplated by this Agreement. 
 24. Acknowledgement. Employee acknowledges that: 
  

	 	(a)	Employee’s obligations under this Agreement are in addition to and not in substitution of any fiduciary duty Employee may owe to Company, its parent and/or its affiliates;

  

	 	(b)	Employee has read and understands the terms of this Agreement and the obligations hereunder; 

  

	 	(c)	Employee has been given an opportunity to obtain independent legal advice concerning the interpretation and effect of this Agreement; and 

  

	 	(d)	Employee has received a fully executed original copy of this Agreement. 

 [remainder of page intentionally left blank; signature page follows] 

 - 7 - 
  

 IN WITNESS WHEREOF the parties have executed this Agreement. 
 Date: July 14, 2004 
  

			
	 /s/ Pamela Hughes
	  	 /s/ James A. Estill

	Witness	  	James A. Estill

  

					
	Date: July 14, 2004	 	 SYNNEX Canada Limited

			
		 	By:	 	 /s/ Simon Y. Leung

		 	Name:	 	Simon Y. Leung
		 	Title:	 	General Counsel and Corporate Secretary

 Schedule “A” 
 PROPRIETARY INFORMATION AND INVENTIONS AGREEMENT 
 The following Agreement
confirms certain terms of my employment with SYNNEX Canada Limited, (hereafter referred to as “SYNNEX” or “the Company”), which is a material part of the consideration for my employment by the Company and the compensation
received by me from the Company from time to time. The headings contained in this Agreement are for convenience only, have no legal significance, and are intended to change or limit this Agreement in any matter whatsoever. 
 A. Definitions 
 1. The “Company”

 As issued in this Agreement, the “Company” refers to SYNNEX and each of its subsidiaries or affiliated companies. I recognize and
agree that my obligations under this Agreement and all term of this Agreement apply to me regardless of whether I am employed by or work for SYNNEX or any other subsidiary or affiliated company of SYNNEX. Furthermore, I understand and agree that the
terms of this Agreement will continue to apply to me even if I transfer at some time from one subsidiary or affiliate of the Company to another. 
 2. “Proprietary Information” 
 I understand that the Company possesses and will possess Proprietary Information
which is important to its business. For purposes of this Agreement, “Proprietary Information” is information that was or will be developed, created, or discovered by or on behalf of the Company, or which became or will become known by, or
was or is conveyed to the Company, which has commercial value in the Company’s business. 
 “Proprietary Information”
includes, but is not limited to information about software programs and subroutines, source and object code, algorithms, trade secrets, designs, technology, know-how, processes, data, ideas, techniques, inventions (whether patentable or not), works
or authorship, formulas, business and product development plans, customer lists, terms of compensation and performance levels of Company employees, Company customers and other information concerning the Company’s actual or anticipated business,
research or development, or which is received in confidence by or for the Company from any other person. 
 I understand that my employment
creates a relationship of confidence and trust between the Company and me with respect to Proprietary Information. 
 3. “Company
Documents and Materials” 
 I understand that the Company possesses or will posses “Company Documents and Materials” which
are important to its business. For purposes of this Agreement, “Company Documents and Materials” are documents or other media or tangible items that contain or embody Proprietary Information of any other information concerning the
business, operations or plan of the Company, whether such documents, media or items have been prepared by me or by others. 
 “Company
Documents and Material” include, but are not limited to, blueprints, drawings, photographs, charts, graphs, notebook, customer lists, computer disks, tapes or printouts, sound recordings and other printed, typewritten or handwritten documents,
sample products, prototypes and models. 
 B. Assignment of Rights 
 All Proprietary Information, and all patents, patent rights, copyrights, trade secret rights, trademark rights and other rights (including, without limitation; intellectual property rights) anywhere in the world in
connection with Proprietary Information, is and shall be the sole property of the Company. I hereby assign to the Company any and all rights, title and interest I may have or acquire in such Proprietary Information. 

 - 2 - 
  

 At all times, both during my employment by the Company and after its termination, I will keep in
confidence and trust and will not use or disclose any Proprietary Information or anything relating to it without the prior written consent of an officer of the Company, except as may be necessary in the ordinary course of performing my duties to the
Company. 
 C. Maintenance and Return of Company Documents and Materials 
 I agree to make and maintain adequate and current written records, in a form specified by the Company, of all inventions, trade secrets and works of authorship assigned or to be assigned to the Company pursuant to
this Agreement. All Company Documents and Material are and shall be the sole property of the Company. 
 I agree that during my employment by
the Company, I will not remove any Company Documents and Material from the business premises of the Company or deliver any Company Document and Materials to any person or entity outside the Company, except as I am required to do in connection with
performing the duties of my employment. I further agree that, immediately upon the termination of my employment by me or by the Company for any reason, or during my employment if so requested by the Company, I will return all Company Documents and
Material, apparatus, equipment and other physical property, or any reproduction of such property, excepting only (i) my personal copies of records relating to my compensation; (ii) my personal copies of any material previously distributed
generally to stockholders of the Company; (iii) my copy of this Agreement. 
 D. Disclosure of Inventions to the Company 
 I will promptly disclose in writing to my immediate supervisor or to such other person designated by the Company all “Inventions”, which
includes, without limitation, all software programs or subroutines, source or object code, algorithms, improvements, inventions, works of authorship, trade secrets, technology, designs, formulas, ideas, processes, techniques, know-how and data,
whether or not patentable, made or discovered or conceived or reduced to practice or developed by me, either alone or jointly with others, during the term of my employment. 
 I will also disclose to the President of the Company all Inventions made, discovered, conceived, reduced to practice, or developed by me within six
(6) months after the termination of my employment with the Company which resulted, in whole or in part, from my prior employment by the Company. Such disclosures shall be received by the Company in confidence (to the extent such Inventions are
not assigned to the Company pursuant to Section (E) below) and do not extend the assignment made in Section (E) below. 
 E. Rights to New
Ideas 
 1. Assignment of Inventions to the Company 
 I agree that all Inventions which I make, discover, conceive, reduce to practice or develop (in whole or in part, either alone or jointly with others) during my employment shall be the sole property of The Company. I
also agree to assign and release all interests in any such Inventions to The Company and to execute all documents required to apply for and obtain Letters Patent or copyright in Canada or in any other country. 
 The assignment shall not extend to Inventions, the assignment of which is prohibited by any applicable law. 
 2. Works Made for Hire 
 The Company
shall be the sole owner of all patents, patents rights, copyrights, trade secret rights, trademark rights and all other intellectual property or other rights in connection with Inventions. I further acknowledge and agree that such Inventions,
including, without limitation, any computer programs, programming documentation, and other works of authorship, are “works made for hire” for purposes of the Company’s rights under copyright laws. I hereby assign to the Company any
and all rights, title and interest I may have or acquire in such Inventions. If in the course of my employment with the Company, I incorporate into a Company product, process or machine a prior Invention owned by me or in which I have interest, the
Company is hereby granted and shall have a nonexclusive, royalty-free, irrevocable, perpetual, sublicensable, worldwide license to make, have made, modify, use, market, sell, and distribute such prior Invention as part of or in connection with such
product, process or machine. 

 - 3 - 
  

 3. Cooperation 
 I agree to perform, during and after my employment, all acts deemed necessary or desirable by the Company to permit and assist it, at the Company’s expense, in further evidencing and perfecting the assignments
made to the Company under this Agreement and in obtaining, maintaining, defending and enforcing patents, patent rights, copyrights, trademark rights, trade secret rights or any other rights in connection with such Inventions and improvements thereto
in any and all countries. Such acts may include, but are not limited to, execution of documents and assistance of cooperation in legal and proceedings. I hereby irrevocably designate and appoint the Company and its duly authorized officers and
agents, as my agents and attorney-in-fact to act for and on my behalf and instead of me, to execute and file any documents, applications or related finding and to do all other lawfully permitted acts to further the purposes set forth above in the
Subsection 1, including, without limitation, the perfection of assignment and the prosecution and issuance of patents, patent applications, copyright applications and registrations, trademark applications and registrations or other rights in
connection with such Inventions and improvements thereto with the same legal force and effect as if executed by me. 
 4. Assignment or
Waiver of Moral Rights 
 Any assignment of copyright hereunder (and any ownership of a copyright as a work made for hire) include all
rights of paternity, integrity, disclosure and withdrawal and any other rights that may be known as or referred to as “moral rights” (collectively “Moral Rights”). To the extent such Moral Rights cannot be assigned under
applicable law and to the extent the following is allowed by the laws in the various countries where Moral Rights exist, I hereby waive such Moral Rights and consent to any action of the Company that would violate such Moral Rights in the absence of
such consent. 
 5. List of Inventions 
 I have attached hereto as Exhibit A a complete list of all inventions or improvements to which I claim ownership and that I desire to remove from the operation of this Agreement, and I acknowledge and agree
that such list is complete. If no such list is attached to this Agreement, I represent that I have no such inventions or improvements at the time of signing this Agreement. 
 F. Non-Solicitation of Company Employees 
 During the term of my employment and for one (1) year
thereafter (the “Applicable Period”), I will not directly or indirectly encourage or solicit any employee of the Company to leave the Company for any reason or to accept employment with any other company, or to otherwise alter his, her of
their relationship with Company. In accordance with this restriction, I will not interview or provide any input to any third party regarding any such person during the Applicable Period. However, this obligation shall not affect any responsibility I
may have as an employee of the Company with respect to the bona fide hiring and firing of Company personnel. 
 G. Company Authorization for
Publication 
 Prior to submitting or disclosing for possible publication or dissemination outside the Company any material prepared by me
that incorporates information that concerns the Company’s business, I agree to deliver a copy of such material to an officer of the Company for his or her review. Within twenty (20) days following such submission, the Company agrees to
notify me in writing whether the Company believes such material contains any Proprietary Information or Inventions, and I agree to make such deletions and revisions as are reasonably requested by the Company to protect its Proprietary Information
and Inventions. I further agree to obtain the written consent of the Company prior to any review of such material by persons outside the Company. 

 - 4 - 
  

 H. Duty of Loyalty 
 I agree that, during my employment with the Company, I will not provide consulting services to or become an employee of, any other firm or person engaged in a business in any way competitive with the Company, without
first informing the Company of the existence of such proposed relationship and obtaining the prior written consent of my manager and the Human Resources Manager responsible for the organization in which I work. 
 I. Former Employer Information 
 I represent that my
performance of all the terms of this Agreement and as an employee of the Company does not and will not breach any agreement to keep in confidence proprietary information, knowledge or data acquired by me in confidence or in trust prior to my
employment by the Company, and I will not disclose to the Company or induce the Company to use any confidential or proprietary information or material belonging to any previous employer or others. I have not entered into and I agree I will not enter
into any agreement, either written or oral, in conflict herewith or in conflict with my employment with the Company. I further agree to conform to the rules and regulation of the Company. 
 J. Severability 
 I agree that if one or more
provisions of this Agreement are held to be unenforceable under applicable law, such provisions shall be excluded from this Agreement and the balance of the Agreement shall be interpreted as if such provision were so excluded and shall be
enforceable in accordance with its terms. 
 K. Authorization to Notify New Employer 
 I hereby authorize the Company to notify my new employer about my rights and obligations under this Agreement following the termination of my employment
with the Company. 
 L. Effective Date 
 This Agreement shall be effective as of the first day of my employment with the Company and shall be binding upon me, my heirs, executor, assigns and administrators and shall inure to the benefit of the Company, its subsidiaries, successors
and assigns. 
 M. Governing Law 
 This
Agreement shall be governed by and construed in accordance with the laws of the Province of Ontario and the laws of Canada applicable to that province, and should be treated, in all respects, as an Ontario contract. 
 [remainder of page intentionally left blank; signature page follows] 

 - 5 - 
  

 I HAVE READ THIS AGREEMENT CAREFULLY AND I UNDERSTAND AND ACCEPT THE OBLIGATIONS WHICH IT IMPOSES UPON ME WITHOUT
RESERVATION. NO PROMISES OR REPRESENTATIONS HAVE BEEN MADE TO ME TO INDUCE ME TO SIGN THIS AGREEMENT. I SIGN THIS AGREEMENT VOLUNTARILY AND FREELY. 
  

			
	 July 14, 2004
	  	 /s/ James A. Estill

	Date	  	James A. Estill

 - 6 - 
  

 EXHIBIT A 
  

	 	1.	The following is a complete list of all inventions or improvement relevant to the subject matter of my employment by the Company that have been made or discovered or conceived or
first reduced to practice by me or jointly with others prior to my employment by the Company that I desire to remove from the operation of the Company’s Proprietary Information and Inventions Agreement: 

  

	 	x	No Inventions or improvements 

  

	 	 ̈	See below: Any and all inventions regarding 

  

	 	 ̈	Additional sheets attached 

  

	 	2.	I propose to bring to my employment the following material and documents that I obtained during the period of my prior employment. These materials and documents are not the property
of any third party and are not subject to any restrictions under any non-disclosure agreement or other agreement limiting their use. 

  

	 	x	No materials or documents 

  

	 	 ̈	See below: 

  

			
	 July 14, 2004
	  	 /s/ James A. Estill

	 Date
	  	James A. Estill

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