Document:

Amended and Restated Long-Term Incentive Plan

 Exhibit 10.2 
 AMENDED AND RESTATED 
 KINDRED HEALTHCARE, INC. LONG-TERM INCENTIVE PLAN 
  

	1.	Purpose of the Plan 

 The purpose of the Kindred
Healthcare, Inc. 2000 Long-Term Incentive Plan, dated effective as of January 1, 2009 (the “Plan”), is to promote the success of the Company and the interests of its shareholders by attracting, motivating, retaining and
rewarding key employees of the Company for assisting the Company and its Affiliates to emerge from bankruptcy and to provide Participants with incentives to contribute toward the improvement and growth of the Company. 
  

	2.	Definitions 

 As used in this Plan, the following
capitalized terms shall have the following meanings: 
 (a) “Affiliate” shall mean any of Kindred Healthcare, Inc.’s
direct or indirect subsidiaries within the meaning of Section 424 of the Code. 
 (b) “Award” shall mean a cash bonus
payable pursuant to the terms and conditions of this Plan. 
 (c) “Award Percentage” shall mean, with respect to each
Performance Period, a percentage corresponding to the achievement of the Performance Targets for such Performance Period. The Award Percentage shall represent the portion of the Maximum Award that each Participant is entitled to receive with respect
to each Performance Period. 
 (d) “Base Salary” shall mean, with respect to each Participant, such Participant’s
annual base compensation, exclusive of any bonuses (whether under this Plan or otherwise), stock option benefits, or other compensatory or fringe benefits. 
 (e) “Beneficiary” shall mean the Participant’s estate. 
 (f) “Board”
shall mean the Board of Directors of Kindred Healthcare, Inc. 
 (g) “Cause”, when used in connection with the termination
of a Participant’s employment with the Company, shall mean (i) dishonesty; (ii) deliberate and continual refusal to perform employment duties on substantially a full-time basis; (iii) failure to act in accordance with any
specific lawful instructions given to the Participant in connection with the performance of his duties for the Company or any of its subsidiaries or affiliates, unless the Participant has an existing permanent Disability; (iv) deliberate
misconduct that is reasonably likely to be materially damaging to the Company without a reasonable good faith belief by the Participant that such conduct was in the best interests of the Company; or (v) conviction of or plea of nolo
contendere to a crime involving moral turpitude. 
  

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 (h) “Change of Control” shall mean any one of the following events: 
 (i) any Person (as this term is used in Sections 3(a)(9) and 13(d)(3) of the Exchange Act, but excluding any person described in and satisfying the
conditions of Rule 13d-1)b)(i) thereunder) (an “Acquiring Person”) becomes the “beneficial owner” (as such term is defined in Rule 13d-3 promulgated under the Exchange Act (a “Beneficial Owner”), directly
or indirectly, of securities of Kindred Healthcare, Inc. representing 50% or more of the combined voting power of Kindred Healthcare, Inc.’s then outstanding securities, other than beneficial ownership by a Participant, the Company, any
employee benefit plan of the Company or any Person organized, appointed or established pursuant to the terms of any such benefit plan; 
 (ii) Kindred Healthcare, Inc.’s stockholders approve an agreement to merge or consolidate Kindred Healthcare, Inc. with another corporation, or an agreement providing for the sale of substantially all of the assets of Kindred
Healthcare, Inc. to one or more Persons, in any case other than with or to an entity 50% or more of which is controlled by, or is under common control with, Kindred Healthcare, Inc.; 
 (iii) during any two-year period, commencing after the Effective Date, individuals who at the date on which the period commences constitute a majority
of the Board of Directors (the “Incumbent Directors”) cease to constitute a majority thereof for any reason; provided, however, that a director who was not an Incumbent Director shall be deemed to be an Incumbent Director if
such director was elected by, or on the recommendation of, at least two-thirds of the Incumbent Directors (either actually or by prior operation of this provision), other than any director who is so approved in connection with any actual or
threatened contest for election to positions on the Board of Directors; or 
 (iv) the Company is merged, combined, consolidated,
recapitalized or otherwise organized with one or more other entities that are not Affiliates, as a result of which less than 50% of the outstanding voting securities of the surviving or resulting entity immediately after the reorganization are, or
will be, owned, directly or indirectly, by shareholders of the Company, determined on the basis of record ownership as of the date of determination of holders entitled to vote on the transaction (or in the absence of a vote, the day immediately
prior to the event). 
 (i) “Code” shall mean the Internal Revenue Code of 1986, as amended and the regulations promulgated
thereunder. 
 (j) “Committee” shall mean the Compensation Committee of the Board or such other committee as the Board may
designate from time to time. 
 (k) “Common Stock” shall mean the common stock of Kindred Healthcare, Inc., par value $
0.25 per share. 
 (l) “Company” shall mean Kindred Healthcare, Inc. and its Affiliates. 
 (m) “Disability” shall mean (i) a Participant’s inability to engage in any substantial gainful activity or (ii) a
Participant’s receiving income replacement benefits for a 

  

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period of not less than three months under an accident and health plan of the Company, in each case by reason of any medically determinable physical or
mental impairment that can be expected to result in death or can be expected to last for a continuous period of not less than twelve months, in each case as evidenced by documentation submitted pursuant to the Company’s long-term disability
plan or documentation from the Social Security Administration. 
 (n) “Effective Date” shall mean the date on which
the Company’s bankruptcy plan is confirmed by the United States Bankruptcy Court for the District of Columbia. 
 (o) “Maximum
Award” shall mean the highest amount that may be awarded to Participants in certain positions or employment levels of the Company, expressed as percentages of such Participants’ Base Salary, as follows: 
  

				
	 Position/Level:
	  	Percentage of Base Salary:	 
	 Chief Executive Officer
	  	100	%
	 Members of Executive Committee
	  	90	%
	 Senior Vice Presidents
	  	60	%
	 Vice Presidents
	  	40	%
	 Senior Corporate Managers
	  	25	%
	 Other Key Employees
	  	15	%

 (p) “Participant” shall mean an officer or key employee of the Company who is in
a position to contribute materially to the success of the Company, as selected for participation in the Plan by the Committee in its sole discretion. 
 (q) “Performance Period” shall mean any period of one or more years during which the Company’s performance against the Performance Targets is measured for the purpose of determining whether and
at what level Awards under this Plan shall be granted. 
 (r) “Performance Targets” shall mean the performance targets for
the Company that the Committee shall establish in its discretion for each Performance Period to be used in determining Participants’ Awards. 
 (s) “Person” shall mean an individual, partnership, corporation, limited liability company, unincorporated organization, trust or joint venture, or a governmental agency or political subdivision thereof. 
 (t) “Plan” shall mean this Kindred Healthcare, Inc. 2000 Long-Term Cash Incentive Compensation Plan. 
 (u) “Qualified Change of Control” shall mean a Change of Control that qualifies as either a change in the (i) ownership of the
Company, (ii) effective control of the Company, or (iii) ownership of a substantial portion of the assets of the Company, under Section 409A of the Code. 
 (v) “Retirement” shall mean the termination of the employment of a Participant on or after the Participant’s attainment of fifty-five (55) years of age. 
  

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	3.	Administration 

 This Plan shall be administered by
the Committee. The Committee shall have full authority to interpret and construe any provision of the Plan, to adopt such rules and regulations and make any decisions necessary for the administration of the Plan, and to determine the eligibility of
Participants under the Plan. Determinations of the Committee shall be conclusively binding and final upon all parties. The Committee shall not be liable to any Participant or other person for any action, omission or determination relating to the
Plan. 
  

	4.	Eligibility 

 The Committee may, in its sole
discretion, select to participate in the Plan those officers and other key employees of the Company who are in a position to contribute materially to the success of the Company. 
  

	5.	Determination of Awards 

 The Award payable to each
Participant for each Performance Period shall be determined as follows: 
 (a) Not later than ninety (90) days after the commencement of
each Performance Period, the Committee shall identify (i) the Participants in the Plan for such Performance Period, (ii) the Maximum Award for each such Participant (based on positions or employment levels in the Company) as provided in
Section 2(o) hereof, and (iii) the Award Percentages applicable to the Performance Targets established for such Performance Period. 
 (b) Not later than ninety (90) days after the commencement of each Performance Period, the Committee shall establish Performance Targets for such Performance Period. 
 (c) As soon as practicable, but not later than ninety (90) days, following the end of each Performance Period, the Committee shall
(i) determine the level at which the Performance Targets for such Performance Period were reached, if at all and (ii) calculate the amount of the Award payable to each Participant with respect to such Performance Period, which shall be the
product of (A) the Participant’s Maximum Award for such Performance Period, (B) the Award Percentage for such Performance Period, and (C) such Participant’s Base Salary in effect on the last day of the applicable Performance
Period, but which shall not exceed $1.5 million per year in such Performance Period. 
  

	6.	Payment of Awards 

 Except as otherwise provided herein, the Award, as calculated pursuant to Section 5(c) hereof, shall be payable to each Participant with respect to any Performance Period, in a lump sum in cash as follows:
one-third ( 1/3) shall be payable in the calendar year in which each of the first, second and third anniversaries of the
termination of the applicable Performance Period occurs. 
  

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	7.	Effect of Termination of Employment 

 (a) In the
event of the termination of the employment of a Participant by the Company for Cause or by the Participant for any reason prior to the payment to him of any portion of the Award related to any Performance Period, the Participant shall not be
entitled to such unpaid portion. 
 (b) In the event of the termination of the employment of a Participant as a result of the
Participant’s Retirement, or by the Company other than for Cause, during a Performance Period, the Participant shall be eligible to receive a prorated Award for such Performance Period based on the number of full months elapsed in such
Performance Period before the date of such termination of employment. Such prorated Award shall be calculated based on actual achievement of performance results in accordance with Section 5 hereof and paid following the end of such Performance
Period at the time and in the manner specified in Section 6 hereof; provided, however, that such Awards which total $5,000 or less shall be paid in full to the Participant in a lump sum in cash as soon as reasonably practicable following the
applicable Performance Period but no later than the date that is two and one-half months following the end of the applicable Performance Period. In addition, in the event of the termination of the employment of a Participant as a result of the
Participant’s Retirement, or by the Company other than for Cause, following the termination of a Performance Period and prior to the payment to the Participant of any portion of the Award with respect to such Performance Period, such unpaid
portion shall continue to be paid at the time and in the manner specified in Section 6 hereof. 
 (c) In the event of a
Participant’s death or Disability during a Performance Period, the Participant (or in the event of his death, his Beneficiary) shall be entitled to receive a prorated Award for such Performance Period equal to the Award that would be payable to
him if the Award Percentage would have been fifty percent (50%) based on the number of days elapsed in such Performance Period before the date of the Participant’s death or Disability. Such Award shall be paid as soon as
administratively feasible (but in no event later than thirty (30) days) after the date of the Participant’s death or Disability, in a lump sum in cash. In addition, in the event of a Participant’s death or Disability following the
termination of a Performance Period and prior to the payment to the Participant of any portion of the Award with respect to such Performance Period, such unpaid portion shall be paid as soon as administratively feasible (but in no event later than
thirty (30) days) after the date of the Participant’s death or Disability, in a lump sum in cash. In the event of Participant’s death, the Company will pay all unpaid awards in accordance with this Agreement and applicable state and
federal laws and regulations. 
 (d) The provisions of this Section 7 shall be subject to the terms of any separate written employment
or similar agreement between the Company and a Participant in effect at the time of his termination of employment. 
 (e) Notwithstanding
anything herein to the contrary, if at the time of the Participant’s separation from service the Participant is a “specified employee” as defined in Section 409A of the Code and the deferral of the payment of any Award payable
pursuant to this Section 7 is necessary in order to prevent any accelerated or additional tax under Section 409A of the Code, then the payment to which the Participant would otherwise be entitled during the first six months following his
separation from service shall be deferred and accumulated (without 

  

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any reduction in such payment ultimately paid to the Participant) for a period of six months from the date of separation from service and paid in a lump sum
on the first day of the seventh month following such separation from service (or, if earlier, the date of the Participant’s death), together with simple interest during such period at a rate computed by adding 2.00% to the Prime Rate as
published in the Money Rates section of the Wall Street Journal, or other equivalent publication if the Wall Street Journal no longer publishes such information, on the first publication date of the Wall Street Journal or equivalent publication
after the date of the Participant’s separation from service (provided that if more than one such Prime Rate is published on any given day, the highest of such published rates shall be used). 
  

	8.	Certain Adjustments 

 (a) In the event of the merger
or consolidation of the Company, or the acquisition or disposition by the Company of any substantial business unit, or the occurrence of any other transaction or event, which could reasonably be expected to have a substantial impact on the
Performance Targets, the Committee will review, in good faith, the effect of such occurrence on the operation of this Plan and will adjust the Performance Targets and Award Percentages for such Performance Period as the Committee, in its absolute
discretion, exercised in good faith, determines to be appropriate in light of the circumstances. The Committee shall consult with management of the Company concerning the magnitude of any such adjustment prior to coming to a final decision with
respect thereto. 
 (b) The Chief Executive Officer of the Company (the “Chief Executive Officer”) may, in his sole discretion,
designate an individual who commences employment with the Company following the beginning of a Performance Period as a Participant for such Performance Period, in which case the Chief Executive Officer shall simultaneously determine the Maximum
Award for such Participant for such Performance Period in accordance with Section 2(o), and the Chief Executive Officer may specify that the Award otherwise payable to such Participant for such Performance Period shall be prorated to reflect
the Participant’s performance of services for less than the entire Performance Period. In the event that a Participant is a promoted or demoted during a Performance Period, the Committee may, in its absolute discretion, adjust the Maximum Award
for such Participant for such Performance Period to reflect such change. 
  

	9.	Change of Control 

 (a) No later than fifteen
(15) days after a Qualified Change of Control, the Company shall pay, in a lump sum in cash, to each Participant an amount equal to the sum of (i) the unpaid portion of any Award relating to a Performance Period that ends prior to the
occurrence of such Qualified Change of Control and (ii) the amount of the Maximum Award for such Participant for the Performance Period during which such Qualified Change of Control occurs (determined, for purposes of clarity, without proration
and as if the highest applicable Performance Target had been reached). 
 (b) Notwithstanding anything in Section 7 to the contrary, in
the event of a Change of Control that does not constitute a Qualified Change of Control, each Participant shall be entitled to the payment of any Award outstanding as of the date of such Change of Control in accordance with the terms and conditions
of Section 5 and Section 6 hereof. 
  

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	10.	Amendment, Modification and Termination 

 The
Company reserves the right to amend, modify or terminate the Plan at any time; provided that no such amendment, modification or termination shall affect the determination or payment of Awards for any Performance Period that commences prior to
such amendment, modification or termination, except that the Committee may at any time determine to accelerate the payment of Awards provided such acceleration is permissible under, and complies with, Section 409A of the Code. 
  

	11.	Miscellaneous 

 (a) Awards shall not be assigned,
transferred, pledged or encumbered, and any purported assignment, transfer, pledge or encumbrance shall be null and void. 
 (b) This Plan
and all rights under the Plan shall be governed by and construed and enforced in accordance with the laws of the State of Delaware without regard to the provisions governing conflict of laws. 
 (c) All payments required to be paid hereunder shall be subject to any required governmental withholdings or deductions as determined by the Company.

 (d) Nothing contained in the Plan shall confer upon any Participant any right with respect to the continuation of such Participant’s
employment by the Company or prohibit the Company at any time from terminating such employment or increasing or decreasing the base salary or other compensation of any Participant. 
 (e) This Plan shall be unfunded. Awards shall be paid from the general assets of the Company and Participants in this Plan shall be general unsecured
creditors of the Company. No Participant shall have any right, title, claim or interest in or with respect to any specific assets of the Company in connection with his participation in this Plan. 
 (f) In addition to the remedies of the Company elsewhere provided for herein, if a Participant is terminated for Cause, the Committee may cancel and
cause the Participant to forfeit any Award to which such Participant would have otherwise been entitled, in whole or in part. 
 (g) Headings
and captions are given to the sections of this Plan solely as a convenience to facilitate reference, and shall not be deemed in any way material or relevant to the construction or interpretation of this Plan or any provision thereof. All references
herein to the masculine gender shall include the feminine. 
 (h) The Company intends that the Plan and each Award granted hereunder
shall, to the extent applicable, comply with Section 409A of the Code and any regulations promulgated thereunder and that the Plan shall be interpreted, operated and administered accordingly. In the event any of the compensation or benefits
provided to a Participant pursuant 

  

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to this Plan would result in a violation of Section 409A of the Code (including any regulations promulgated thereunder), the Company will use its
reasonable efforts to amend the Plan in the least restrictive manner necessary in order, where applicable (i) to ensure that such compensation is not considered “nonqualified deferred compensation” for purposes of Section 409A of
the Code, or (ii) to comply with the provisions of Section 409A, in each case, where possible, without any diminution in the value of the compensation or benefits to be paid or provided to the Participant pursuant to this Agreement;
provided, that nothing in herein shall require the Company to provide any gross-up or other tax reimbursement to the Participant in connection with any violation of Section 409A or otherwise. 
  

 8Kindred Healthcare, Inc. Short-Term Incentive Plan

 Exhibit 10.3 
 AMENDED AND RESTATED KINDRED HEALTHCARE, INC. 
 SHORT-TERM INCENTIVE PLAN 
  

	1.	Purpose of the Plan. 

 This Amended and Restated
Kindred Healthcare, Inc. Short-Term Incentive Plan is intended to promote the interests of the Company and its shareholders by providing key employees of the Company and its Affiliates, who are largely responsible for the management, growth and/or
success of the Company and its Affiliates, with incentives and rewards based on defined company operating and individual management goals. 
  

	2.	Definitions. 

 As used in the Plan, the following
definitions apply to the terms indicated below: 
 (a) “Affiliates” shall mean with respect to any person, any other person that,
directly or indirectly through one or more intermediaries, controls, is controlled by, or is under common control with the first person. 
 (b) “Award Period” shall mean each consecutive calendar-year period commencing on January 1, 2002 and each January 1 thereafter while this Plan is in effect. 
 (c) “Award Range” shall mean the range of awards that may be awarded to Participants based on their positions or employment levels within the
Company or its Affiliates, expressed as percentages of such Participants’ Base Salary, pursuant to Section 4(a)(i) hereof. 
 (d)
“Base Salary” shall mean, with respect to each Participant, such Participant’s annual base compensation, exclusive of any bonuses (whether under this Plan or otherwise), stock option benefits, or other compensatory or fringe benefits.
If the Participant’s annual base compensation shall fluctuate during an Award Period as a result of a promotion or demotion, the Base Salary shall be the weighted average of the annual base compensation for such period. If the
Participant’s annual base compensation shall fluctuate during an Award Period for any other reason, the Base Salary shall be the annual base compensation on February 1 of the relevant Award Period. 
 (e) “Board” shall mean the Board of Directors of the Company. 
 (f) “Change in Control” shall mean any one of the following events: 
 (i) any
Person (as this term is used in Sections 3(a)(9) and 13(d)(3) of the Securities Exchange Act of 1934, as amended, but excluding any person described in and satisfying the conditions of Rule 13d-1(b)(1)(i) thereunder) (an “Acquiring
Person”) becomes the “beneficial owner” (as such term is defined in Rule 13d-3 promulgated under the Exchange Act (a “Beneficial Owner”), directly or indirectly, of securities of the Company representing 50% or more of the
combined voting power of the Company’s then outstanding securities, other than beneficial ownership by a Participant, the Company, any employee benefit plan of the Company or any Person organized, appointed or established pursuant to the terms
of any such benefit plan; 

 (ii) the Company’s stockholders approve an agreement to merge or consolidate the
Company with another corporation, or an agreement providing for the sale of substantially all of the assets of the Company to one or more Persons, in any case other than with or to an entity 50% or more of which is controlled by, or is under common
control with, the Company; 
 (iii) during any two-year period, individuals who at the date on which the period commences
constitute a majority of the Board of Directors (the “Incumbent Directors”) cease to constitute a majority thereof for any reason; provided, however, that a director who was not an Incumbent Director shall be deemed to be an
Incumbent Director if such director was elected by, or on the recommendation of, at least two-thirds of the Incumbent Directors (either actually or by prior operation of this provision), other than any director who is so approved in connection with
any actual or threatened contest for election to positions on the Board of Directors; or 
 (iv) the Company is merged,
combined, consolidated, recapitalized or otherwise organized with one or more other entities that are not affiliates of the Company, as a result of which less than 50% of the outstanding voting securities of the surviving or resulting entity
immediately after the reorganization are, or will be, owned, directly or indirectly, by shareholders of the Company, determined on the basis of record ownership as of the date of determination of holders entitled to vote on the transaction (or in
the absence of a vote, the day immediately prior to the event). 
 (g) “Code” shall mean the Internal Revenue Code of 1986, as
amended. 
 (h) “Committee” shall mean the committee designated by the Board to administer the Plan pursuant to Section 3,
which shall be comprised solely of two or more “outside” directors within the meaning of Treasury Regulation section 1.162-27(e)(3) promulgated under Section 162(m) of the Code. 
 (i) “Company” shall mean Kindred Healthcare, Inc. 
 (j) “Covered Participant” shall mean, with respect to an Award Period, a Participant who the Committee determines is or may be a “covered employee” within the meaning of Treasury Regulation §
1.162-27(c)(2) promulgated under Section 162(m) of the Code. 
 (k) “Participant” shall mean an employee of the Company whose
position is approved by the Committee to participate in this Plan for an Award Period, and upon his death, his successors, heirs, executors and administrators, as the case may be. 
 (l) “Performance Award” shall mean an opportunity to receive a cash bonus awarded pursuant to the Plan, based on the achievement of Performance
Goals, calculated pursuant to Section 4(b) hereof. 
  

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 (m) “Performance Goals” shall mean the Performance Goals established in writing by the
Committee pursuant to Section 4(a)(ii) hereof. 
 (n) “Plan” shall mean this Amended and Restated Kindred Healthcare, Inc.
Short-Term Incentive Plan. 
  

	3.	Administration of the Plan. 

 The Plan shall be
administered by the Committee. The Committee shall have full authority to administer the Plan, including authority to interpret and construe any provision of the Plan and to adopt such rules and regulations for administering the Plan as it may deem
necessary and to determine the Performance Award with respect to each Participant for an Award Period. Decisions of the Committee shall be final and binding on all parties. Neither the Committee nor any member of the Committee shall be liable to any
Participant for any action, omission, or determination relating to the Plan. Whether an authorized leave of absence, or absence in military or government service, shall constitute termination of employment shall be determined by the Committee in its
absolute discretion. 
 Notwithstanding the foregoing, and without otherwise limiting the discretion of the Committee, the Committee shall
not have the authority to increase any Performance Award payable to a Covered Participant beyond the Performance Award calculated pursuant to Section 4(b) hereof. 
 Performance Awards to Covered Participants are subject to shareholder approval of the Plan. 
  

	4.	Determination and Payment of Award Amounts. 

 (a) No
later than 90 days after the start of each Award Period, the Committee shall (i) designate Participants for such Award Period; (ii) determine the Award Ranges applicable to Participants in the Plan according to their position or employment
level; and (iii) establish, in writing, Performance Goals for such Award Period. 
 (i) Award Ranges for each position or
level within the Company shall be expressed as a minimum level, a target level, and a maximum level, which levels shall correspond with minimum, target and maximum levels of achievement of Performance Goals respectively. 
 (ii) Performance Goals may be expressed in terms of (i) earnings per share of the Company’s common stock, (ii) share price
of the Company’s common stock, (iii) pre-tax profit, (iv) net earnings, (v) return on equity or assets, (vi) revenues, (vii) account receivable collection days, (viii) earnings, before interest, tax, depreciation,
amortization and rent, (ix) individual management or performance objectives, (x) quality objectives, (xi) any combination of the foregoing, or (xii) such other goals as the Committee may determine, and any components of
Performance Goals may be based, in whole or in part, on the performance of an Affiliate of the Company. Performance Goals shall be expressed in ranges, with minimum, target and maximum levels of achievement for such goals. 
  

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 (iii) With respect to both Award Ranges and Performance Goals, the minimum, target and
maximum levels represent points in a range of awards and goals, not absolute amounts, such that, e.g., if Performance Goals are achieved to a level that falls between the “target” and “maximum” levels, the corresponding award
level will also fall between the “target” and “maximum” levels in the Award Range. 
 (b) With respect to each Award
Period, not later than the date that is two and one-half months following the end of the applicable Award Period, the Committee shall determine whether, and to what extent, the Performance Goals were achieved during such Award Period, basing such
decision on all relevant criteria, including the Company’s final audited financial statements as of the end of the Award Period. Based on such determination, the Committee shall determine the dollar amount of each Participant’s Performance
Award, if any, by (i) determining the percentage of base salary to be applied to each Participant within the percentages determined in the Award Range and (ii) multiplying such percentage with such Participant’s Base Salary. If the
minimum levels of the Performance Goals are not achieved by any Participant or group of Participants in an Award Period, such Participant(s) shall not receive a cash payment under the Plan for such Award Period. No Performance Award payable to a
Participant may exceed $1,000,000. 
 (c) Subject to Section 6 hereof, within the thirty (30) day period immediately following
determination of the Performance Awards as provided in Section 4(b) hereof, but in no event later than the date that is two and one-half months following the end of the applicable Award Period, the Company shall pay to each Participant his
respective Performance Award for such period in a lump sum in cash. 
 (d) Notwithstanding anything in this Section 4 to the contrary,
payment of a Participant’s Performance Award is contingent on such Participant’s compliance with the Company’s policies and with satisfactory delivery of quality services throughout the period. Departures from such compliance or
delivery of services that the Committee determines in its sole discretion to be material to the Company may result in loss of eligibility or forfeiture of the Performance Award. 
  

	5.	Partial Year Employment 

 (a) The chief executive
officer of the Company from time to time (the “CEO”) may, in his sole discretion, designate an individual who commences employment with the Company more than ninety (90) days following the beginning of an Award Period as a Participant
for such Award Period, in which case the CEO shall simultaneously determine the Award Range applicable to such Participant based on his position with the Company and, to the extent that Performance Goals for such Award Period incorporate individual
management or performance objectives, establish such Participant’s individual Performance Goals. The CEO may further specify that the Performance Award that may become payable to such Participant for such Performance Period shall be prorated to
reflect the Participant’s performance of services for less than the entire Performance Period. 
  

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 (b) Notwithstanding the foregoing, in the event such new Participant is a Covered Participant, all such
decisions by the CEO must be ratified in writing by the Committee before 25% of the remaining Award Period has elapsed. 
  

	6.	Effect of Termination of Employment or Change in Control. 

 (a) In the event of the termination of the employment of a Participant for any reason prior to the date of payment, the Participant shall not be entitled to any Performance Award with respect to such Award Period unless such provision
contradicts with other agreements entered into by the Company or state law. 
 (b) In the event of a Change in Control, each Participant who
is employed with the Company on the date of such Change in Control or whose employment is terminated in contemplation of a Change in Control (as determined by the Committee in effect immediately prior to such Change in Control, in its sole
discretion) shall be entitled to receive a Performance Award with respect to the Award Period in which such Change in Control occurs, which shall be calculated as if the Award Period were fully completed and as if Performance Goals were achieved at
the target level, without any proration, and which shall be paid within fifteen (15) days after such Change in Control. Notwithstanding Section 6(a) hereof, continued employment on the date of payment of a Performance Award following the
Change in Control shall not be required. 
  

	7.	Miscellaneous. 

 (a) Certain Adjustments. In the
event of a merger, consolidation or other corporate event involving the Company, or the acquisition or disposition by any entity forming part of the Company, or the occurrence of any other transaction or event which could reasonably be expected to
have a substantial impact on the achievement of Performance Goals, the Committee will review the effect of such occurrence on the operation of the Plan and may adjust such Performance Goals with respect to each Award Period as the Committee, in its
absolute discretion, determines to be appropriate in light of the circumstances. 
 (b) Non-Assignability. The right of a Participant or of
any other person to any payment under the Plan shall not be assigned, transferred, pledged or encumbered, and any purported assignment, transfer, pledge or encumbrance shall be null and void. 
 (c) Applicable Law. The Plan and all rights under the Plan shall be governed by, and shall be interpreted in accordance with, the laws of the State of
New York without reference to its principles of conflicts of law. 
 (d) Applicable Withholdings. All payments required to be paid under the
Plan shall be subject to any required Federal, state, local and other applicable withholdings or deductions as determined by the Company. 
 (e) No Contract of Employment. Nothing contained in the Plan shall confer upon any Participant any right with respect to the continuation of such Participant’s employment by the Company or interfere in any way with the right of the
Company at any time to terminate such employment or to increase or decrease the base salary or other compensation of the Participant. 
  

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 (f) No Right to Participate. No person shall have any claim or right to participate in the Plan. The
selection of an employee to participate in the Plan with respect to any Award Period shall not give such employee any right to participate in the Plan in any subsequent Award Period. 
 (g) Right to Amend; Suspend or Terminate. The Committee may amend or suspend the Plan at any time in its absolute discretion. The Committee may terminate
the Plan at any time, in whole or in part, with respect to some or all Participants or with respect to the Company or some or all of its Affiliates, in its absolute discretion. Upon termination or partial termination of the Plan, each Participant
affected thereby (as determined by the Committee), unless otherwise determined by the Committee, shall be entitled to receive a Performance Award prorated based on the number of full months elapsed between the commencement of such Award Period and
the date of such termination. Such prorated Performance Award shall be calculated as if the “target” level in the Award Range were achieved and shall be paid within the ninety (90) day period immediately following such termination,
but in no event later than the date that is two and one-half months following the end of the calendar year in which such termination takes place. 
 (h) Plan Unfunded. The Plan shall be unfunded. Payments under the Plan shall be made from the general assets of the Company and to the extent any Participants have any right to payments hereunder, such Participants shall be general
unsecured creditors of the Company. No Participant shall have any right, title, claim or interest in or with respect to any specific assets of the Company or any of its subsidiaries or affiliates in connection with the Participant’s
participation in the Plan. 
 (i) Gender and Number. All references herein to the masculine gender shall include the feminine; and all
references to the plural shall include the singular and vice versa. 
 (j) Code Section 409A. A Performance Award is intended not to be
subject to section 409A of the Code by reason of being a short-term deferral and shall be interpreted accordingly. In the event any of the compensation or benefits provided to a Participant pursuant to this Plan would result in a violation of
Section 409A of the Code (including any regulations promulgated thereunder), the Company will use its reasonable best efforts to amend the Plan in the least restrictive manner necessary in order, where applicable (i) to ensure that such
compensation is not considered “nonqualified deferred compensation” for purposes of Section 409A of the Code, or (ii) to comply with the provisions of Section 409A, in each case, where possible, without any diminution in the
value of the compensation or benefits to be paid or provided to the Participant pursuant to this Agreement; provided, that nothing in this Agreement shall require the Company to provide any gross-up or other tax reimbursement to a Participant
in connection with any violation of Section 409A or otherwise. 
  

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