Document:

EX-10.4.5

 Exhibit 10.4.5 
 NON-EMPLOYEE DIRECTOR EQUITY AWARD PROGRAM 
 UNDER 

THE EMERITUS CORPORATION AMENDED AND RESTATED 2006 EQUITY 
 INCENTIVE PLAN 
 RESTRICTED STOCK AWARD AGREEMENT 

Pursuant to your Restricted Stock Award Notice (the “Award Notice”) and this Restricted Stock Award Agreement
(this “Agreement”), Emeritus Corporation (the “Company”) has granted you a Restricted Stock Award (the “Award”) under the Company’s Non-Employee Director Equity Award
Program, which is administered under the terms of the Company’s Amended and Restated 2006 Equity Incentive Plan (the “Plan”), for the number of shares of the Company’s Common Stock indicated in your Award Notice.
The Award Notice, this Agreement, the Program and the Plan govern the terms of the Award. Capitalized terms not explicitly defined in this Agreement or the Award Notice but defined in the Plan or the Program shall have the same definitions as in the
Plan or the Program, as applicable. 
  

	1.	Vesting 

 Shares that have
vested and are no longer subject to forfeiture according to the vesting schedule set forth in the Award Notice are referred to herein as “Vested Shares.” Shares that are not vested and remain subject to forfeiture under the
preceding schedule are referred to herein as “Unvested Shares.” The Unvested Shares will vest (and to the extent so vested cease to be Unvested Shares remaining subject to forfeiture) in accordance with the vesting schedule
set forth in the Award Notice. Collectively, the Unvested Shares and the Vested Shares are referred to herein as the “Shares.” 
  

	2.	Transfer Restrictions 

Any sale, transfer, assignment, encumbrance, pledge, hypothecation, conveyance in trust, gift, transfer by bequest, devise or descent, or
other transfer or disposition of any kind, whether voluntary or by operation of law, directly or indirectly, of Unvested Shares is strictly prohibited and void. 
  

	3.	Status of Participant 

You will be recorded as a shareholder of the Company with respect to the Shares. 

 

	4.	Securities Law Compliance 

4.1 You represent and warrant that a copy of the Plan and the Plan Summary for the Plan (including any supplements thereto) has
been made available to you. 
 4.2 You hereby agree that you will in no event sell or distribute all or any part of the
Shares unless (a) there is an effective registration statement under the Securities Act and any applicable state securities laws covering any transaction involving the Shares or (b) the Company receives an opinion of your legal counsel
(concurred in by legal counsel for the Company) stating that such transaction is exempt from registration or the Company otherwise satisfies itself that such transaction is exempt from registration. You also hereby confirm that you have been
informed that although the Shares acquired pursuant to this 

 
Agreement have been registered under the Securities Act, if and so long as you are an affiliate of the Company for purposes of Rule 144 of the Securities Act, any subsequent sale of such
Shares by you must either be registered under the Securities Act or must satisfy the requirements of Rule 144 or another applicable exemption from such registration requirements. 

 

	5.	Termination of Service as a Director 

 All Unvested Shares will immediately be forfeited to the Company upon your termination of service as a director for any reason without the payment of any consideration to you. 

 

	6.	Section 83(b) Election for Restricted Stock Award 

 You understand that under Section 83(a) of the Internal Revenue Code of 1986 (the “Code”), the fair market value of the Unvested Shares on the date the forfeiture restrictions
lapse will be taxed, on the date such forfeiture restrictions lapse, as ordinary income subject to withholding tax and tax reporting, as applicable. For this purpose, the term “forfeiture restrictions” means the Company’s right to
receive back Unvested Shares upon your termination of service as a director prior to the Vest Date (as defined in the Award Notice). You understand that you may elect under Section 83(b) of the Code to be taxed at ordinary income rates on the
fair market value of the Unvested Shares at the time they are acquired, rather than when and as the Unvested Shares cease to be subject to the forfeiture restrictions. Such election (an “83(b) Election”) must be filed with
the Internal Revenue Service within 30 days from the grant date of the Restricted Stock Award. 
 You understand
that there are significant risks associated with the decision to make an 83(b) Election. If you make an 83(b) Election and the Unvested Shares are subsequently forfeited to the Company, you will not be entitled to a deduction for any ordinary income
previously recognized as a result of the 83(b) Election. If you make an 83(b) Election and the value of the Unvested Shares subsequently declines, the 83(b) Election may cause you to recognize more compensation income than you would have otherwise
recognized. On the other hand, if the value of the Unvested Shares increases and you have not made an 83(b) Election, you may recognize more compensation income than you would have if you had made the election. 

THE FORM FOR MAKING AN 83(b) ELECTION IS ATTACHED TO THIS AGREEMENT AS EXHIBIT A. YOU UNDERSTAND THAT IF YOU DECIDE TO MAKE AN
83(b) ELECTION, IT IS YOUR RESPONSIBILITY TO FILE SUCH AN ELECTION WITH THE INTERNAL REVENUE SERVICE AND THAT FAILURE TO FILE SUCH AN ELECTION WITHIN THE 30-DAY PERIOD MAY RESULT IN THE RECOGNITION OF ORDINARY
INCOME BY YOU AS THE FORFEITURE RESTRICTIONS LAPSE. You further understand that an additional copy of such election form should be filed with your federal income tax return for the calendar year in which the date of this Agreement falls. You
acknowledge that the foregoing is only a summary of the federal income tax laws that apply to the Award of the Shares under this Agreement and does not purport to be complete. YOU FURTHER ACKNOWLEDGE THAT THE COMPANY HAS DIRECTED YOU TO SEEK
INDEPENDENT ADVICE REGARDING THE APPLICABLE PROVISIONS OF THE CODE AND THE INCOME TAX LAWS OF ANY MUNICIPALITY, STATE OR FOREIGN COUNTRY IN WHICH YOU MAY RESIDE. 

	7.	Independent Tax Advice 

You acknowledge that determining the actual tax consequences to you of receiving or disposing of the Shares may be complicated. These tax
consequences will depend, in part, on your specific situation and may also depend on the resolution of currently uncertain tax law and other variables not within the control of the Company. You are aware that you should consult a competent and
independent tax advisor for a full understanding of the specific tax consequences to you of receiving or disposing of the Shares. Prior to executing this Agreement, you either have consulted with a competent tax advisor independent of the Company to
obtain tax advice concerning the Shares in light of your specific situation or have had the opportunity to consult with such a tax advisor but have chosen not to do so. 

 

	8.	Book Entry Registration of the Shares 

 The Company will issue the Shares by registering the Shares in book entry form with the Company’s transfer agent in your name and the applicable restrictions will be noted in the records of the
Company’s transfer agent and in the book entry system. 
  

	9.	Stop-Transfer Notices 

 You understand and agree that, in order to ensure compliance with the restrictions referred to in this Agreement, the Company may issue appropriate
“stop-transfer” instructions to its transfer agent, if any, and that, if the Company transfers its own securities, it may make appropriate notations to the same effect in its own records. The Company
will not be required to (a) transfer on its books any Shares that have been sold or transferred in violation of the provisions of this Agreement or (b) treat as the owner of the Shares, or otherwise accord voting, dividend or liquidation
rights to, any transferee to whom the Shares have been transferred in contravention of this Agreement. 
  

	10.	Clawback 

 The Shares will
be subject to any clawback or recoupment policy adopted by the Company pursuant to the requirements of the Dodd-Frank Wall Street Reform and Consumer Protection Act or as required by other law or the listing requirements of any national securities
exchange on which the Common Stock is listed. 
  

	11.	General Provisions 

  

	 	11.1	Notices 

 Whenever any
notice is required or permitted hereunder, such notice must be in writing and personally delivered or sent by mail. Any notice required or permitted to be delivered hereunder shall be deemed to be delivered on the date on which it is personally
delivered, or, whether actually received or not, on the third business day after it is deposited in the United States mail, certified or registered, postage prepaid, addressed to the person who is to receive it at the address that such person has
specified by written notice to the other. The Company or you may change, by written notice to the other, the address previously specified for receiving notices. Notices delivered to the Company shall be addressed as follows: 

 

	
	Emeritus Corporation
	Attn: Compensation Department
	 3131 Elliott Avenue, Suite 500

Seattle, Washington 98121

 Notices to you shall be addressed at the address set forth on the Award Notice (or any
subsequent address provided to the Company by you in writing). 
  

	 	11.2	No Waiver 

 No waiver of
any provision of the Award Notice or this Agreement will be valid unless in writing and signed by the person against whom such waiver is sought to be enforced, nor will failure to enforce any right hereunder constitute a continuing waiver of the
same or a waiver of any other right hereunder. 
  

	 	11.3	Undertaking 

 You hereby
agree to take whatever additional action and execute whatever additional documents the Company may deem necessary or advisable in order to carry out or effect one or more of the obligations or restrictions imposed on either you or the Shares
pursuant to the express provisions of this Agreement. 
  

	 	11.4	Entire Contract 

 This
Agreement, the Award Notice, the Program and the Plan constitute the entire contract between the parties hereto with regard to the subject matter hereof and supersede all prior oral or written agreements on the subject. This Agreement is made
pursuant to the provisions of the Program and the Plan and will in all respects be construed in conformity with the express terms and provisions of the Program and the Plan. 

 

	 	11.5	Successors and Assigns 

The provisions of this Agreement will inure to the benefit of, and be binding on, the Company and its successors and assigns and you and
your legal representatives, heirs, legatees, distributees, assigns and transferees by operation of law, whether or not any such person will have become a party to this Agreement and agreed in writing to join herein and be bound by the terms and
conditions hereof. 
  

	 	11.6	Counterparts 

 The Award
Notice may be executed in two or more counterparts, each of which will be deemed an original, but which, upon execution, will constitute one and the same instrument. 
  

	 	11.7	Governing Law 

 The
provisions of the Award Notice and this Agreement will be governed by the laws of the State of Washington, without giving effect to principles of conflicts of law. 

 EXHIBIT A 

(attached) 

ELECTION UNDER SECTION 83(b) 
 OF THE INTERNAL REVENUE CODE OF 1986 
 The undersigned taxpayer hereby
elects, pursuant to Section 83(b) of the Internal Revenue Code, to include in taxpayer’s gross income for the current taxable year the amount of any compensation taxable to taxpayer in connection with taxpayer’s receipt of the
property described below: 
  

	1.	The name, address, taxpayer identification number and taxable year of the undersigned are as follows: 

 

					
	         	 	NAME OF TAXPAYER:	 	  

					
			
	         	 	NAME OF TAXPAYER’S SPOUSE:	 	  

					
			
	         	 	ADDRESS:	 	  

		 		 	  

					
			
	         	 	IDENTIFICATION NO. OF TAXPAYER:	 	  

					
			
	         	 	IDENTIFICATION NO. OF TAXPAYER’S SPOUSE:	 	  

					
			
	         	 	TAXABLE YEAR:	 	  

  

	2.	The property with respect to which the election is made is described as follows:
                 shares of the Common Stock of Emeritus Corporation, a Washington corporation (the “Company”). 

 

	3.	The date on which the property was transferred is:
                     

  

	4.	The property is subject to the following restrictions: 

 The property is subject to a forfeiture right pursuant to which the Company can reacquire the shares if the taxpayer’s service as a director to the Company terminates prior to the one-year period
following the date of grant of the shares. 
  

	5.	The aggregate fair market value at the time of transfer, determined without regard to any restriction other than a restriction which by its terms will never lapse, of
such property is: $         

  

	6.	The amount (if any) paid for such property is: $         

The undersigned has submitted a copy of this statement to the person for whom the services were performed in connection with the
undersigned’s receipt of the above-described property. The undersigned is the person performing the services in connection with the transfer of said property. 

The undersigned understands that the foregoing election may not be revoked except with the consent of the Commissioner of Internal
Revenue. 
  

									
	Dated:	 	  
	 		 		 	  

		 		 		 		 	Taxpayer
					
	Dated:	 	  
	 		 		 	  

		 		 		 		 	Taxpayer’s SpouseEX-10.4

 Exhibit 10.4 
 FOX FACTORY HOLDING CORP. 
 2008 NON-STATUTORY STOCK OPTION PLAN 

1. Purpose of Plan. The Purpose of this Fox Factory Holding Corp. 2008 Non-Statutory Stock Option Plan (this
“Plan”) is to advance the interests of Fox Factory Holding Corp. (the “Company”) and its stockholders by providing a means whereby employees and directors of the Company or any subsidiary of the
Company may be given an opportunity to purchase shares of common stock, par value $0.001 per share (the “Shares”), of the Company under options granted under the Plan, to the end that the Company may retain present personnel
upon whose judgment, initiative and efforts the successful conduct of the business of the Company largely depends, and may attract new personnel. None of the options granted under this Plan are intended to qualify as “incentive stock
options” under Section 422 of the Internal Revenue Code of 1986, as amended (the “Code”). 

2. Shares Subject to the Plan. Subject to the limitations and restrictions set forth in any applicable stockholders’
agreement to which the Company is a party, the aggregate number of Shares of the Company for which options may be granted under this Plan shall be 10,900, all of which shall be granted as non-statutory stock options; provided, however, that whatever
number of Shares shall remain reserved for issuance pursuant to the Plan at the time of any stock split, stock dividend, or other change in the Company’s capitalization shall be appropriately and proportionately adjusted to reflect such stock
dividend, stock split or other change in capitalization. Such Shares shall be made available from authorized but unissued or reacquired Shares of the Company. Any Shares for which an option is granted hereunder that are released from such option for
any reason shall become available for other options to be granted under this Plan. 
  3. Administration of the Plan.
This Plan shall be administered by the Board of Directors of the Company (the “Board”) or, if established by the Board and for so long as it is duly constituted, the Compensation Committee of the Board (the
“Compensation Committee”) under the supervision of the Board (references herein to the “Compensation Committee” shall mean the “Board” for any period of time or times during which the Compensation
Committee is not duly constituted or is inactive). 

  
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Subject to the express provisions of this Plan, the Compensation Committee shall have conclusive authority to construe and interpret the Plan and any stock option agreement entered into by and
between the Company and an optionee thereunder (each, an “Option Agreement”), and to establish, amend, and rescind rules and regulations for its administration. The Compensation Committee may amend this Plan and any Option
Agreement without any additional consideration to affected grantees to the extent necessary to avoid the imposition of penalties on holders of options granted under this Plan under Section 409A of the Code, even if those amendments reduce,
restrict or eliminate rights granted under the Plan or Option Agreements (or both) before those amendments. Every action, decision, interpretation or determination by the Compensation Committee with respect to the application or administration of
this Plan shall be final and binding upon the Company and each person holding any option granted under this Plan. 
 4.
Granting of Options. The Compensation Committee from time to time shall designate from among the employees and/or directors of the Company or any subsidiary of the Company those individuals to whom options to purchase Shares shall be granted
under this Plan and the number of Shares which shall be subject to each option so granted. Such options shall be so-called “non-statutory options” and shall not qualify as incentive stock options under Section 422 of the Code. The
Compensation Committee shall direct an appropriate officer of the Company to execute and deliver Option Agreements to optionees reflecting the grant of options. All actions of the Compensation Committee under this Paragraph shall be conclusive.

 5. Option Period. Non-statutory stock options granted under this Plan shall have such term as the Compensation
Committee shall determine. 
 6. Option Price. The Compensation Committee may grant stock options under this Plan in one
or more tranches, each containing such number of Shares as the Compensation Committee may in its discretion determine to be in the interest of the Company. The option price per Share, which may vary from tranche to tranche, shall be fixed at the
date of grant by the Compensation Committee and set forth in the Option Agreements, but shall be no less than the per Share fair market value of the Shares on the date of grant. The option price must be payable in cash; provided that an option
holder may satisfy the exercise price of 

  
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option Shares exercised in connection with a change of control of the Company by delivering to the Company securities of the Company, which may include Shares obtained through the exercise of the
option, having a fair market value equal to the aggregate exercise price. The date on which the Compensation Committee approves the granting of an option (with the identity of the employee or director receiving the option, the maximum number of
Shares subject to the option and the minimum exercise price all fixed) shall be the date on which the option is granted; provided that there is no unreasonable delay in giving notice of the grant to the optionee. Upon exercise of an option, the
applicable optionee shall pay promptly to the Company any amount necessary to satisfy applicable federal, state or local tax requirements, which withholding obligation may be satisfied by delivering to the Company securities of the Company, which
may include shares obtained through the exercise of the applicable option, having a fair market value equal to the withholding obligation. In the event the amount of such withholding obligation is not paid promptly, the Company shall have the right
to apply from the purchase price paid any taxes required by law to be withheld by the Company with respect to such payment and the number of Shares to be issued by the Company will be reduced accordingly. 

7. Option Agreements. The Option Agreements in which option rights are granted to an employee or director shall be in the
applicable form (consistent with this Plan) from time to time approved by the Compensation Committee and shall be signed on behalf of the Company by the Chairman of the Board, the President or any Vice President of the Company other than the
employee who is a party thereto, and shall be dated as of the date of the grant of the option, as determined in Section 6 hereof. No Option Agreement shall contain any feature for the deferral of compensation (other than the deferral of
recognition of income until the exercise of the option). 
 8. Amendment and Termination of the Plan. The Company, by
action of the Board or the Compensation Committee, reserves the right to amend, modify, or terminate at any time this Plan, or, by action of the Board or the Compensation Committee with the consent of the optionee, to amend, modify or terminate any
outstanding Option Agreement; provided that no action may be taken by the Company (without the consent of the optionee) that will impair or adversely alter the validity or terms of, or rights under, any option then outstanding. 

  
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 9. Effective Date of Plan. The Plan shall be effective upon adoption of the Plan by
the Board. 
 10. Expiration of Plan. Options may be granted under this Plan at any time prior to ten years from the
adoption of the Plan by the Board, on which date the Plan shall expire but without affecting any options then outstanding. 

11. Stockholders’ Agreement. No optionee shall be entitled to receive Shares upon the exercise of an option unless and until
such person has fully complied with any and all obligations and covenants set forth in the Option Agreement to which such person is a party and/or has become a party to and bound by that certain Stockholders’ Agreement dated as of
January 4, 2008 by and among the Company and its stockholders, as the same may be amended from time to time (the “Stockholders’ Agreement”), by executing and delivering an additional signature page thereto. To
facilitate the enforcement of the rights and obligations agreed to in the Stockholders’ Agreement, any optionee shall, upon exercise of his or her option, acknowledge the rights and obligations under the Stockholders’ Agreement and agree
that the Company shall hold such person’s Shares received upon the exercise of an option for the benefit of that person. If any optionee fails to comply with all obligations and covenants set forth in the Option Agreement and such failure shall
remain unremedied for a period of ten days after receipt of written notice of such failure from the Company, then his or her option shall ipso facto lapse and shall thereafter be void and unenforceable. 

12. Fair Market Value. For purposes of this Plan, the fair market value of each Share on any relevant date shall be determined as
follows: 
 (a) If the Shares are traded on an established securities market (including the NASDAQ National Market System), the
reported “closing price” on the relevant date, if it is a trading day; otherwise on the immediately preceding trading day; or 

  
 4 

 (b) If the Shares are not traded on an established securities market, the fair market value,
as determined by the Compensation Committee in good faith under a reasonable valuation method, as of the valuation date coinciding with or, if none, most recently preceding the relevant date, provided that it is no more than twelve months before the
relevant date. Such fair market valuation determination shall be made in a manner consistent with the rules prescribed under Section 409A of the Code. 
 13. Tax Treatment Not Warranted. Notwithstanding any other provision of the Plan, the tax treatment of options, or the Shares received upon the exercise of options, under the Plan shall not be, and
is not, warranted or guaranteed. Neither the Company, the Board, the Compensation Committee, any subsidiary, nor any of their respective delegatees shall be held liable for any taxes, penalties or other monetary amounts owed by a participant or any
optionee under the Plan, the participant’s or optionee’s survivors, including, without limitation, personal representatives, heirs, executors and administrators, or any other person as a result of a grant, modification, or amendment of an
option or Option Agreement or the adoption, modification, amendment, or administration of the Plan. 
 14. Governing Law.
The Plan and related Option Agreements shall be governed by and construed in accordance with the laws of the State of Delaware without regard to the conflicts of law principles thereof. 

[THE REMAINDER OF THIS PAGE IS INTENTIONALLY LEFT BLANK] 

  
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 IN WITNESS WHEREOF, this Plan is executed as of May 6, 2008. 

 

			
	FOX FACTORY HOLDING CORP.
		
	By:	 	/s/ Patrick Maciariello
	Its:	 	Vice President

  
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 FIRST AMENDMENT TO 

FOX FACTORY HOLDING CORP. 
 2008 NON-STATUTORY STOCK OPTION PLAN 
 This First Amendment to Fox Factory
Holding Corp. 2008 Non-Statutory Stock Option Plan (this “Amendment”) is effective as of December 5, 2012, and amends the Fox Factory Holding Corp. 2008 Non-Statutory Stock Option Plan dated May 6, 2008 (the “Stock
Option Plan”). Capitalized terms used herein and not otherwise defined shall have the meanings ascribed to such terms in the Stock Option Plan. 
  

	 	1.	Paragraph 2. of the Stock Option Plan is hereby amended and restated in its entirety to read: 

“2. Shares Subject to the Plan. Subject to the limitations and restrictions set forth in any applicable stockholders’ agreement
to which the Company is a party, the aggregate number of Shares of the Company for which options may be granted under this Plan shall be 40,900 all of which shall be granted as non-statutory stock options; provided, however, that whatever number of
Shares shall remain reserved for issuance pursuant to the Plan at the time of any stock split, stock dividend, or other change in the Company’s capitalization shall be appropriately and proportionately adjusted to reflect such stock dividend,
stock split or other change in capitalization. Such Shares shall be made available from authorized but unissued or reacquired Shares of the Company. Any Shares for which an option is granted hereunder that are released from such option for any
reason shall become available for other options to be granted under this Plan. “ 
  

	 	2.	It is the intent of the Company that this Amendment and the Stock Option Plan be applied and construed as a single instrument. All references to the Company’s
“Stock Option Plan”, including references in the Stock Option Plan to “the Plan”, “this Plan”, “Stock Option Plan” and any other references of similar import shall henceforth mean the Stock Option Plan as
amended by this Amendment. 

  

	 	3.	In all other respects, the Stock Option Plan shall remain unchanged. 

 IN WITNESS WHEREOF, this First Amendment to Fox Factory Holding Corp. 2008 Non-Statutory Stock Option Plan was executed as of December 6, 2012. 

 

			
	FOX FACTORY HOLDING CORP.
		
	By:	 	/s/ Patrick A. Maciariello
	Its:	 	Vice President

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