Document:

Form of Stock Option Agreement

 Exhibit 10.3 
 TELEDYNE TECHNOLOGIES INCORPORATED 
 STOCK OPTION AGREEMENT 

            , 20     

Teledyne Technologies Incorporated (the “Company”) and the stock option recipient named below (the “Optionee”)
enter into this Stock Option Agreement effective as of             , 20    . 
 Optionee: «FirstName» «LastName» 
 WHEREAS, the
Company desires to induce Optionee to remain a key employee of the Company by granting the stock option evidenced by this Stock Option Agreement to the Optionee pursuant to the Teledyne Technologies Incorporated Amended and Restated 2008 Incentive
Award Plan, as the same may be amended from time to time (the “Plan”) and Optionee, having read and understood this Stock Option Agreement and the attached Terms and Conditions of Stock Option Grant incorporated herein by reference, is
willing to enter into this Stock Option Agreement. 
 NOW THEREFORE, in consideration of the covenants and agreements contained
herein, and intending to be legally bound, the parties hereto agree as follows: 
 Subject to the Plan and the Terms and
Conditions of Stock Option Grant attached hereto and incorporated herein by reference, by which the Optionee agrees to be bound, the Company grants to Optionee the right and option to purchase shares of Common Stock as follows: 

 

			
	 Number of shares subject to option granted:
	  	«Grant»
	 Exercise price:
	  	$         (U.S. dollars)
	 Expiration date:
	  	            , 20     [10 years from grant date]
	 Vesting schedule during continued

employment:
	  	 One-third (1/3rd) on             , 20     [one year
from grant date]
 Additional one-third (1/3rd) on             , 20     [two years
from grant date]
 Remaining one-third (1/3rd) on             , 20     [three years
from grant date]

 IN WITNESS WHEREOF, the parties hereto have executed this Stock Option Agreement effective the day and year first above
written. 
  

							
	 	 	 	 	 TELEDYNE TECHNOLOGIES INCORPORATED

				
		 		 	 By:
	 	

		 		 		 	John T. Kuelbs
		 		 		 	Executive Vice President, General Counsel and Secretary
			
	 WITNESS:
  
	 		 	 OPTIONEE:
  

 Teledyne Technologies Incorporated 

Terms and Conditions of Stock Option Grant 
 These Terms and Conditions apply to Stock Options granted on             , 20    , under the Teledyne Technologies
Incorporated Amended and Restated 2008 Incentive Award Plan. 

[            , 20    ] 

SECTION 1: Definitions 
  

 

 Capitalized words used but not defined in below or elsewhere in these Terms and Conditions shall have
the meanings ascribed to them in the Plan. 
 Committee—Personnel and Compensation Committee of the Board of Directors of the Company.

 Common Stock or Shares —common stock, $0.01 par value per share, of the Company. 

Company—Teledyne Technologies Incorporated and its successors. 
 Disability—disability of the Optionee, as determined by the Committee in its sole and absolute discretion. 
 Fair Market Value—the closing price of a share of Common Stock on the New York Stock Exchange on the relevant date or, if the relevant date is not a trading day or no shares of Common Stock were
traded on such date, on the next preceding date on which shares of Common Stock were traded on the New York Stock Exchange. 
 Option
Period—period of time beginning on             , 20     [insert date of grant] and ending on
            , 20     [insert 10 years from date of grant] (if not before pursuant to these Terms and Conditions), inclusive of such dates. 

Option Shares—shares of Common Stock that may be acquired on the exercise of Stock Options. 

Plan— refers to the Teledyne Technologies Incorporated Amended and Restated 2008 Incentive Award Plan, as the same may be amended from time to time.

 Retirement—shall mean early or normal retirement under a pension plan or arrangement of the Company or
one of its Subsidiaries in which the Optionee participates. For purposes of the Plan, the Committee interprets retirement to mean termination of employment with the Company or one of its Subsidiaries after the Optionee attains the age of 55.

 Stock Options—nonqualified stock options to purchase shares of Common Stock evidenced by the Stock Option Agreement. The Stock Options
are not intended to be incentive stock options within the meaning of Section 422 of the Internal Revenue Code. 
 Stock Option
Agreement—the agreement between the Company and Optionee evidencing the grant of Stock Options pursuant to one of the Plans and Optionee’s acceptance of Stock Options on the Terms and Conditions set forth herein. 

Subsidiary—direct or indirect subsidiary of the Company within the meaning of Section 424(f) of the Internal Revenue Code. 

Termination of Employment—voluntary or involuntary termination of the Optionee’s employment with the Company or a Subsidiary for any reason,
including death, Disability, Retirement or as the result of the divestiture of the Optionee’s employer or similar transaction in which the Optionee’s employer ceases to be the Company or one of its Subsidiaries.

 

 SECTION 2: Vesting 

 

 

 2.1 The Stock Options shall become exercisable cumulatively in accordance with the vesting schedule set
forth in the Stock Option Agreement (rounded down to the nearest whole share). On the death of the Optionee, all Stock Options shall become immediately and fully exercisable. Vesting of the Stock Options will be accelerated in full on a Change of
Control in accordance with the provisions of the Plan and Section 5 hereof. 

 

 2.2 The Committee, in its sole discretion, shall have the right (but shall not in any case be obligated),
exercisable at any time after the date of grant, to vest the Stock Options, in whole or in part, prior to the time the Stock Options would otherwise vest under the terms of the Stock Option Agreement. The Committee is not obligated to exercise its
discretion in any particular circumstance and is not obligated to make the same or similar determinations with respect to similarly situated participants in the Plan.

 

  
 SECTION 3: Exercise and Withholding

  

 

 3.1 The Optionee shall exercise the Stock Options through Computershare Shareowner Services (formerly BNY
Mellon Shareowner Services) either by contacting a customer service representative via telephone at (866) 867-6515, or via the internet, located on the Web at https://www.bnymellon.com/shareowner/ equityaccess. The Company reserves the
right to change the means of exercising options or the option administration at any time. The Optionee shall pay the full exercise price by: (a) delivering funds to Computershare Shareowner Services in the form of cash or a check payable to the
“Teledyne ESOP”; (b) delivering to Computershare Shareowner Services one or more certificates for shares of Common Stock, together with a stock power executed in blank, having a Fair Market Value equal to the exercise price for the
Stock Options being exercised; (c) delivering a combination of cash and Common Stock; or (d) at the Company’s discretion and subject to certain conditions, delivering payment to Computershare Shareowner Services in accordance with a
“cashless exercise” or “same-day sale” exercise program. Shares

 
of Common Stock delivered or withheld in payment of the exercise price of the Stock Options shall be valued at their Fair Market Value on the date of exercise. 

3.2 Computershare Shareowner Services, on behalf of the Company, shall be entitled to withhold (or secure payment from the Optionee in lieu of
withholding) the amount of any withholding or other tax required by law to be withheld or paid by the Company with respect to any Option Shares under rules prescribed by the Committee. The Company may defer issuance of shares of Common Stock upon
exercise unless indemnified to its satisfaction with respect to any such tax. The amount of such withholding or tax payment shall be determined by the Committee or its designee. At the Company’s discretion, the Optionee shall have the right to
elect to meet the Optionee’s withholding requirement (a) by having withheld from the shares issuable upon the exercise of the Stock Options at the appropriate time that number of shares of Common Stock, rounded up to the next whole share,
whose Fair Market Value is equal to the minimum amount of 

 

 
withholding taxes due, (b) by direct payment to Computershare Shareholder Services of the amount of any taxes required to be withheld with respect to such exercise, or (c) by a
combination of shares and cash. Regardless of any action the Company or Optionee’s employer (“Employer”) takes with respect to any or all income tax, social insurance, payroll tax, payment on account or other tax-related items related
to Optionee’s participation in the Plan and leally applicable to Optionee (“Tax-Related Items”), Optionee acknowledges and agrees that the ultimate liability for all Tax-Related Items legally due by Optionee is and remains
Optionee’s responsibility and may exceed the amount actually withheld by the Company or the Employer. Optionee further acknowledges that the Company and/or the Employer (a) makes no representations or undertakings regarding the treatment
of any Tax-Related Items in connection with any aspect of the Option, including the grant, vesting, or exercise of the Option, the subsequent sale of Shares acquired under the Plan and the receipt of dividends, if any; and (b) does not commit
to and is under no obligation to structure the terms of the Option or any aspect of the Option to reduce or eliminate Optionee’s liability for Tax-Related Items, or achieve any particular tax result. Further, if Optionee has become subject to
tax in more than one jurisdiction between the date of grant and the date of any relevant taxable event, Optionee acknowledges that the Company and/or the Employer (or former employer, as applicable) may be required to withhold or account for
Tax-Related Items in more than one jurisdiction. 
 No payment will be made to Optionee (or his or her estate or beneficiary) for an Option
unless and until satisfactory arrangements (as determined by the Company) have been made by Optionee with respect to the payment of any Tax-

 
Related Items obligations of the Company and/or the Employer with respect to the Option. In this regard, Optionee authorizes the Company and/or the Employer, or their respective agents, at their
discretion, to satisfy the obligations with regard to all Tax-Related Items by one or a combination of the following: 
 (i) withholding from
Optionee’s wages or other cash compensation paid to Optionee by the Company or the Employer; or (ii) withholding from proceeds of the sale of Shares acquired upon exercise of the Option, either through a voluntary sale or through a
mandatory sale arranged by the Company (on Optionee’s behalf pursuant to this authorization); or (iii) withholding in Shares to be issued upon exercise of the Option; or (iv) surrendering already-owned Shares having a Fair Market
Value equal to the Tax-Related Items that have been held for such period of time to avoid adverse accounting consequences. 
 If the obligation
for Tax-Related Items is satisfied by withholding Shares, the Optionee is deemed to have been issued the full number of Shares purchased for tax purposes, notwithstanding that a number of the Shares is held back solely for the purpose of paying the
Tax-Related Items due as a result of the Optionee’s participation in the Plan. Optionee shall pay to the Company or Employer any amount of Tax-Related Items that the Company may be required to withhold as a result of Optionee’s
participation in the Plan that cannot be satisfied by one or more of the means previously described in this section. Optionee acknowledges and agrees that the Company may refuse to honor the exercise and refuse to issue or deliver the Shares or the
proceeds of the sale of Shares if Optionee fails to comply with his or her obligations in connection with the Tax-Related Items.

 

 If the Optionee is a statutory insider of the Company for the purposes of Section 16 of the Securities
Exchange Act of 1934, the Committee may impose such limitations and restrictions as it deems necessary or appropriate with respect to the delivery or withholding of shares of Common Stock to meet tax withholding obligations. 

3.3 As soon as practicable after each exercise of Stock Options and compliance by the Optionee with all applicable conditions, including, but not limited
to, the satisfaction of all withholding obligations, the Company will mail or cause to be delivered or electronically transmitted to the Optionee, at the address specified by the

 
Optionee in writing, the number of shares of Common Stock which the Optionee shall be entitled to receive (subject to reduction for withholding, if any, as provided in Section 3.2) upon such
exercise under the provisions of the Stock Option Agreement. Such shares, and any certificates issued to evidence such shares, shall be registered in the name of the Optionee or such other person or entity as the Optionee shall specify at the time
such Stock Options are exercised. 
 3.4 The exercise of Stock Options is subject to the Company’s Insider Trading Policy.

 

  
 SECTION 4: Termination of Employment

  

 

 4.1 In the event of Termination of Employment of the Optionee other than by reason of death, Disability, or
Retirement, the right of the Optionee to exercise the Stock Options that the Optionee was entitled to exercise upon Termination of Employment shall terminate on the 30th day (or, if such day is not a business day, the next business day) after the
date of such Termination of Employment, but in no event may such Stock Options be exercised after the expiration of the Option Period. To the extent the right to exercise all or any of the Stock Options has not vested as of the date of Termination
of Employment, such right shall expire on the date of Termination of Employment. 
 4.2 In the event of an Optionee’s Termination of
Employment by reason of Disability, the Stock Options shall continue to vest in accordance with the schedule set forth in the Stock Option Agreement and the right of the Optionee to exercise the Stock Options shall continue, but in no event may

 such Stock Options be exercised after the expiration of the Option Period. 

4.3 In the event of an Optionee’s Termination of Employment by reason of Retirement, the right of the Optionee to exercise the vested Stock Options
shall continue, but in no event may such vested Stock Options be exercised after the expiration of the Option Period. Any unvested Stock Options are forfeited upon Retirement. 
 4.4 In the event of the death of the Optionee, all outstanding Stock Options shall vest in full and the right of the Optionee’s beneficiary (as defined in the Plan) to exercise the Stock Options
shall terminate upon the expiration of twelve months from the date of the Optionee’s death, but in no event may such Stock Options be exercised after the expiration of the Option Period. 
 4.5 In the event of Termination of Employment, the Committee, in its sole

 

 
discretion, shall have the right (but shall not in any case be obligated), exercisable on or any time after the date of grant of the Stock Options, to permit the Stock Options to be exercised, in
whole or in part, after the

 
expiration date described in Section 4.1 or Section 4.4, but not after the expiration of the Option Period.

 

  
 SECTION 5: Miscellaneous 

 

 

 5.1 The number and kind of Option Shares issuable upon the exercise of the Stock Options and the exercise
price for such shares shall be appropriately adjusted to reflect any stock dividend, stock split, combination or exchange of shares, merger, consolidation or other change in capitalization with a similar substantive effect upon the shares issuable
upon the exercise of the Stock Options as set forth in the Plan. In the event of a Change in Control (as defined in the Plan), each outstanding Option shall be assumed or an equivalent Option substituted by the successor corporation or a parent or
subsidiary of the successor corporation. In the event that the successor corporation refuses to assume or substitute for the Option, the Committee may cause any or all of such Options to become fully exercisable immediately prior to the consummation
of such transaction and all forfeiture restrictions on any or all of such Options to lapse. If an Option is exercisable in lieu of assumption or substitution in the event of a Change in Control, the Committee shall notify the Optionee that the
Option shall be fully exercisable beginning prior to the Change in Control contingent on the occurrence of the Change in Control, and the Option shall terminate on the Change in Control. An Option shall be considered assumed if, following the Change
in Control, the Option confers the right to purchase or receive, for each share of Common Stock subject to the Option immediately prior to the Change in Control, the consideration (whether stock, cash, or

 other securities or property) received in the Change in Control by holders of Common Stock for each share
held on the effective date of the transaction (and if holders were offered a choice of consideration, the type of consideration chosen by the holders of a majority of the outstanding shares); provided, however, that if such
consideration received in the Change in Control was not solely common stock of the successor corporation or its parent, the Committee may, with the consent of the successor corporation, provide for the consideration to be received upon the exercise
of the Option, for each share of Common Stock subject to an Option, to be solely common stock of the successor corporation or its parent equal in fair market value to the per share consideration received by holders of Common Stock in the Change in
Control. 
 5.2 Whenever the word “Optionee” is used in any provision of the Stock Option Agreement under circumstances where the
provision should logically be construed to apply to the executors, the administrators, or the person or persons to whom the Stock Options may be transferred by will or by the laws of descent and distribution or pursuant to Section 5.3 hereof,
the word “Optionee” shall be deemed to include such person or persons. 
 5.3 The Stock Options granted hereunder are not transferable
by the Optionee otherwise than by will or the laws of descent and distribution and are exercisable during

 

 
the Optionee’s lifetime only by the Optionee, except that the Stock Options may be transferred by the Optionee, without payment of consideration, to immediate family members or to trusts or
partnerships for such family members, provided that if so transferred, the Options shall not be transferable by the transferee. Except as provided in this paragraph, no assignment or transfer of the Stock Options granted hereunder, or of the rights
represented thereby, whether voluntary or involuntary, by the operation of law or otherwise (except by will or the laws of descent and distribution or to such immediate family members or to such trusts or partnerships for such family members) shall
vest in the assignee or transferee any interest or right herein whatsoever, but immediately upon any such assignment or transfer the Stock Options shall terminate and become of no further effect. 

5.4 The Optionee shall not be deemed for any purpose to be a stockholder of the Company in respect of any shares as to which the Stock Options evidenced
hereby shall not have been exercised, as herein provided, until such shares have been issued to Optionee by the Company hereunder. 
 5.5 The
existence of the Stock Options shall not affect in any way the right or the power of the Company or its stockholders to make or authorize any or all adjustments, recapitalizations, reorganizations or other changes in the Company’s capital
structure or its business, or any merger or consolidation of the Company, or any issue of bonds, debentures, preferred or prior preference stocks ahead of or affecting the Common Stock or the rights thereof, or the dissolution or liquidation of the
Company, or any sale or transfer of all or any part of its assets or business, or any other corporate act or proceeding, whether of a similar character or otherwise.

 5.6 Notwithstanding any other provision hereof, the Optionee hereby agrees that the Optionee will not
exercise the Stock Options, and that the Company will not be obligated to issue any shares to the Optionee hereunder, if the exercise thereof or the issuance of such shares shall constitute a violation by the Optionee or the Company of any provision
of any law or regulation of any governmental authority. Any determination in this connection by the Committee shall be final, binding and conclusive. The Company shall in no event be obligated to register any securities pursuant to the Securities
Act of 1933 (as in the same shall be in effect from time to time) or to take any other affirmative action in order to cause the exercise of the Stock Options or the issuance of shares pursuant thereto to comply with any law or regulation of any
governmental authority. 
 5.7 The Optionee shall deliver to the Committee, upon demand by the Committee, at the time of delivery of Option
Shares acquired pursuant to Stock Options evidenced hereby, a written representation that the shares to be acquired are to be acquired for investment and not for resale or with a view to the distribution thereof. Upon such demand, delivery of such
representation prior to delivery of any such shares shall be a condition precedent to the right of Optionee to receive any shares. All certificates for Option Shares delivered under the Plan shall be subject to such restrictions as the Committee may
deem advisable under any applicable federal or state securities law, and the Committee may cause a legend or legends to be endorsed on any such certificates making appropriate reference to such restrictions. 

5.8 No amounts of income received by an Optionee pursuant to the Stock Option Agreement shall be considered compensation for purposes of any pension or
retirement plan, insurance plan or any other 

 

 
employee benefit plan of the Company or any of its affiliates, unless otherwise expressly provided in such plan. 
 5.9 Nothing in the Plan or in the Stock Option Agreement shall confer upon the Optionee the right to continue in the employ of the Company or any Subsidiary or affect any right that the Company or a
Subsidiary may have to terminate the employment of the Optionee. 
 5.10 The Board may at any time terminate the Plan or any part thereof and
may, from time to time, amend the Plan as it may deem advisable; provided, however, the termination or amendment of the Plan shall not, without the consent of the Optionee, adversely affect the Optionee’s rights under the Stock Option
Agreement. 
 5.11 Every notice or other communication relating to the Stock Option Agreement shall be in writing and shall be mailed or
delivered to the party for whom it is intended at such address as may from time to time be designated by the party in a notice mailed or delivered to the other party as herein provided; provided however, that unless and until some other address be
so designated, all notices or communications by Optionee to the Company shall be mailed, faxed or delivered to Company at its executive offices directed to the attention of Executive Vice President, General Counsel and Secretary, or his designee,
and all notices or communications by the Company to the Optionee may be given to the Optionee personally or may be mailed or delivered to the Optionee at the address printed by the Optionee on the Stock Option Agreement unless the Optionee, in
writing, provides the Company with a different address. 
 5.12 Nothing in the Stock Option Agreement, these Terms and Conditions or otherwise
shall obligate the Committee to 

 vest any of the Stock Options, or to permit the Stock Options to be exercised other than in accordance with
the terms hereof or to grant any waivers of the terms of the Stock Option Agreement, regardless of what actions the Company, the Board or the Committee may take or waivers the Company, the Board or the Committee may grant under the terms of or with
respect to any stock options now or hereafter granted to the Optionee or any other person. 
 5.13 The terms of the Plan shall govern the Stock
Option Agreement and the Stock Options. In the event any provisions of the Stock Option Agreement or the Stock Options shall conflict with any term in the Plan as constituted on the date of the Stock Option Agreement, the term in the Plan as
constituted on the date of the Stock Option Agreement shall control. Except as set forth in the Plan, the terms of the Stock Options may not be changed so as to materially decrease the value of the Stock Options without the express approval of the
Optionee. The Stock Option, Option Shares and any proceeds therefrom shall be subject to the provisions of any claw-back policy implemented by the Company, as contemplated by the Plan. 
 5.14 No rule of strict construction shall be implied against the Company, the Committee or any other person in the interpretation of the Stock Option Agreement, including these Terms and Conditions, or
the Stock Options or any rule or procedure established by the Committee. 
 5.15 Wherever possible, the Stock Option Agreement, including these
Terms and Conditions, and the Stock Options shall be interpreted in such manner as to be effective and valid under applicable law, but if any provision of thereof shall be held to be prohibited by or invalid under applicable law, then (a) such
provision shall be deemed amended to accomplish the objectives of the 

 

 
provision as originally written to the fullest extent permitted by law and (b) all other provisions of the Stock Option Agreement, including these Terms and Conditions, and the Stock Options
shall remain in full force and effect. 
 5.16 The Stock Option Agreement shall be governed by the laws of the State of Delaware applicable to
agreements made and performed wholly within the State of Delaware (regardless of the laws that might otherwise govern under applicable conflicts of law principles). 
 5.17 The Stock Option Agreement, including these Terms and Conditions, sets forth a complete understanding between the parties with respect to its subject matter and supersedes all prior and
contemporaneous agreements and understandings with respect thereto. Except as expressly set forth in the Stock Option Agreement, the Company makes no representations, warranties or covenants with the Optionee with respect to the Stock Option
Agreement or its subject matter, including with respect to the current or future value of the shares subject to the Stock Options. Any modification, amendment or waiver to the Stock Option Agreement will be effective only if it is in

 
writing signed by the Company and the Optionee. The failure of any party to enforce at any time any provision of the Stock Option Agreement shall not be construed to be a waiver of that or any
other provision of the Stock Option Agreement. 
 5.18 The Stock Option Agreement may be executed by the Company by facsimile signature. The
Stock Options will be subject to these terms and conditions and the Plan whether or not this Stock Option Agreement is executed by you or the Company. 
 5.19 The Company may, in its sole discretion, decide to deliver any documents related to Options awarded under the Plan or future options that may be awarded under the Plan by electronic means or request
Optionee’s consent to participate in the Plan by electronic means. Optionee hereby consents to receive such documents by electronic delivery and agrees to participate in the Plan through any on-line or electronic system established and
maintained by the Company or another third party designated by the Company.Exhibit 10.1

 Exhibit 10.1 
 GENWORTH FINANCIAL, INC. 
 RETIREMENT AND SAVINGS RESTORATION PLAN

 (As Amended and Restated Effective April 1, 2012) 

 INTRODUCTION 
 Effective September 27, 2005, Genworth Financial, Inc. established the Genworth Financial, Inc. Retirement and Savings Restoration Plan as a non-qualified deferred compensation plan established and
maintained solely for the purpose of providing a select group of highly-compensated and management employees with Company Contribution Credits that they are precluded from receiving under the Genworth Financial, Inc. Retirement and Savings Plan as a
result of limitations imposed under Internal Revenue Code Sections 401(a)(17) and 415. The Plan has been amended from time to time and was most recently amended and restated effective as of December 1, 2010 (the “Prior Plan”).
Effective April 1, 2012 (except for certain specific effective dates contained herein), the Prior Plan is hereby further amended and restated as set forth in this document. 

The Genworth Financial, Inc. Board of Directors has determined that the benefits to be paid under this Plan constitute reasonable
compensation for the services rendered and to be rendered by eligible employees. 
 The Plan shall be unfunded for tax purposes
and for purposes of Title I of the Employee Retirement Income Security Act of 1974, as amended (“ERISA”). The Plan is intended to comply with the requirements of Section 409A of the Internal Revenue Code of 1986, as amended (the
“Code”). The Plan is intended to be a “top-hat” plan within the meaning of ERISA Sections 201(2), 301(a)(3) and 401(a)(1) and shall be administered and interpreted to the extent possible in a manner consistent with that intent.

 SECTION I 
 DEFINITIONS 
 Whenever used in the Plan, the following terms shall have the
meanings set forth below unless otherwise expressly provided. Wherever used, the masculine pronoun shall be deemed to refer either to a male or female, and the singular shall be deemed to refer to the singular or plural, as appropriate by context.

 1.1 Account. The bookkeeping account maintained under the Plan for each Participant by the Company to record his
Company Contribution Credits plus earnings and losses thereon. 
 1.2 Beneficiary. The person(s) or entity designated by
the Participant to receive his benefits under the Plan in the event of his death. 
 1.3 Code. Internal Revenue Code of
1986, as amended. A reference to a particular Code Section shall include a reference to any regulation issued under the Section. 

  
 2 

 1.4 Committee. The Benefits Committee appointed by the Board to be responsible for
the Plan and its administration. 
 1.5 Company. Genworth Financial, Inc. 

1.6 Company Contribution Credits. Contribution amounts credited to a Participant’s Account pursuant to Section 3.1.

 1.7 Compensation. Eligible Pay as defined in the Qualified Plan in excess of the Code Section 401(a)(17) limits
paid to an Eligible Employee by the Company during each calendar year. Effective January 1, 2011, Compensation shall mean Eligible Pay as defined in the Qualified Plan in excess of the Code Section 401(a)(17) limits paid to an Eligible
Employee by the Company during each calendar year, except that Compensation under this Plan shall include amounts of deferred salaries and deferred VIC under any plan sponsored by the Company. In other words, effective January 1, 2011, deferred
salaries and deferred VIC shall be counted when determining Compensation under this Plan for all purposes, including for purposes of Section 3.1(c). 
 1.8 Effective Date. April 1, 2012, the date of the Plan’s amendment and restatement. 
 1.9 Employee. A person receiving eligible pay from the Company or an affiliate that participates in the Plan. 
 1.10 Participant. An Executive Employee who: 
  

	 	(i)	is assigned to salary band 1 by the Company; and 

  

	 	(ii)	has contributions under the Qualified Plan limited because of Code Section 401(a)(17) or Code Section 415, as adjusted from time to time.

 Executive Employees who were participants in the Genworth Financial, Inc. Retained Executive Pension Plan as of
December 31, 2009 and who, on or after January 1, 2010, are promoted to salary band 1 shall be a Participant under this Plan, but only for purposes of the 401(k) Restoration benefits described in Section 3.1(a) and not for benefits
described under Sections 3.1(b) or 3.1(c). 
 1.11 Plan. The Genworth Financial, Inc. Retirement and Savings Restoration
Plan. 
 1.12 Plan Year. The calendar year. 
 1.13 Qualified Plan. The Genworth Financial, Inc. Retirement and Savings Plan, as amended from time to time. 
 1.14 Vesting Service. Vesting Service means the elapsed time of employment with the Company, expressed in years and months, beginning on September 27, 2005 or the Employee’s date of hire,
if later, and ending upon the earlier of (i) the Employee’s separation from service, or 

  
 3 

 
(ii) the date the Employee is no longer a Participant. Vesting Service includes any period of time when a Participant is on a leave of absence approved by the Company. In addition to service with
the Company as described above, Vesting Service shall include the elapsed time of employment with the Company, General Electric Company (“GE”) or GEFA as of September 27, 2005 if such service was recognized by GE on September 27,
2005. The Committee may grant additional periods of Vesting Service for service with the Company or with another employer through Committee resolutions approving the Employee’s participation in the Plan. 

SECTION II 

ELIGIBILITY/PARTICIPATION 
 2.1 In General. An eligible executive Employee shall become a Participant in the Plan as of the date he has contributions under the Qualified Plan limited because of Code Section 401(a)(17) or
Code Section 415. The Committee shall have sole discretion in determining an Employee’s eligibility for and inclusion in this Plan. Notwithstanding anything to the contrary in this Plan, Participants who are currently employed in the
Genworth Financial Asset Management business segment (“GFAM”) or the Quantuvis Consulting business (“Quantuvis”) and new hires who begin their employment with GFAM or Quantuvis are not eligible to participate in this Plan.
Participants who were employed by the Company or an affiliate and working in a business unit other than GFAM or Quantuvis and are subsequently transferred to GFAM or Quantuvis will retain their eligibility to Participate in this Plan, subject to the
Committee’s discretion. 
 2.2 Termination of Participation. Contributions shall cease upon a Participant’s
separation from service or if the Participant ceases to be an eligible Employee. Notwithstanding the foregoing, a vested Participant who has separated from service shall remain a Participant (until all of his Plan benefits have been paid) for
purposes of his rights to his vested account balance, but shall not be eligible to earn any additional benefits under the Plan following his separation from service. 
 2.3 Change in Status. If a Participant ceases to be an eligible Employee but continues to be employed by the Company, then Company Contribution Credits on his behalf under this Plan shall be
suspended. 
 2.4 Impact of return to Executive Employee / salary band 1 status. Notwithstanding any other provisions of
this Plan to the contrary, any Employee who previously had participated in the Plan as a Participant, will again become eligible to earn benefits under the Plan upon re-promotion / return to salary band 1 status after December 31, 2009 and
shall be eligible for Company Contribution Credits described in Section 3.1, as appropriate. 

  
 4 

 SECTION III 
 RESTORATION AND SUPPLEMENTAL BENEFITS 
 3.1 Company Contribution Credits.

 (a) 401(k) Restoration. Effective January 1, 2011, each active Participant shall be credited for
each Plan Year with a 401(k) Restoration contribution equal to six percent (6%) of such Participant’s Compensation for the Plan Year. 
 (b) Retirement Contribution Restoration. In general, each active Participant who is not eligible to participate in the Genworth Financial, Inc. Supplemental Executive Retirement Plan and either
(i) is hired or rehired on or after January 1, 2010, or (ii) is promoted or re-promoted to salary band 1 by the Company on or after January 1, 2010 shall be credited for each Plan Year with the amount of company retirement
contributions under Section 3.6 of the Qualified Plan that were reduced due to the Code 401(a)(17) or 415 limits. Participants who were participants in the Genworth Financial, Inc. Retained Executive Pension Plan as of December 31, 2009
and who are promoted to salary band 1 on or after January 1, 2010, shall not be eligible for the Retirement Contribution Restoration benefits described in this sub-section (b). 

(c) Supplemental Benefits. In general, each active Participant who (i) is not eligible to participate in the
Genworth Financial, Inc. Supplemental Executive Retirement Plan and (ii) is considered an appointed officer of the Company on or after January 1, 2010 and is either (A) hired or rehired on or after January 1, 2010, or
(B) promoted or re-promoted to salary band 1 by the Company on or after January 1, 2010 shall be credited for each Plan Year with a supplemental benefit contribution equal to three percent (3%) of such Participant’s Compensation
for the Plan Year. For purposes of these Supplemental Benefits only, the term Compensation shall be based on all Eligible Pay as defined in the Qualified Plan (i.e. not limited to just Eligible Pay above the Code Section 401(a)(17) limits).
Participants who were participants in the Genworth Financial, Inc. Retained Executive Pension Plan as of December 31, 2009 and who are promoted to salary band 1 on or after January 1, 2010, shall not be eligible for the Supplemental
Benefits described in this sub-section (c). 
 Each Participant shall become 100% vested in his Supplemental Benefits under this
sub-section (c) upon the attainment of age 60 and 5 years of Vesting Service, or upon the Participant’s death, disability, or executive separations as approved by the Company’s Management Development and Compensation Committee
(“MDCC”). For purposes of this Section, disability will be determined in accordance with the Company’s long-term disability plan and, subject to the Committee’s discretion, full vesting shall occur upon a Participant’s
separation from service as a result of exceeding “Protected Service” as defined in the Company’s long-term disability plan. Notwithstanding the foregoing, a Participant shall become 100% vested in his Supplemental Benefits (as
described in this sub-section (c) upon a “Qualified Termination” following a Change of Control, as 

  
 5 

 
defined in the Genworth Financial, Inc. 2005 Change of Control Plan (or any successor plan), as may be amended from time to time. In the event of a business disposition, as determined by the
Committee, the Committee may provide that any Participant terminated due to a given disposition shall become 100% vested, notwithstanding the Participant’s age and Vesting Service, provided he or she was an eligible Employee with a minimum of
ten years of Vesting Service as of the preceding December 31 and satisfies any other conditions established by the Committee with respect to a given business disposition. 
 3.2 Timing of Company Contribution Credits. Within 90 days following the end of the Plan Year, each active Participant’s Account will be credited with Company Contribution Credits as provided
in Section 3.1 above. Company Contribution Credits will be discontinued while a Participant is on long-term disability or if a Participant is receiving severance payments. 

3.3 Participant Contributions. A Participant is not required or permitted to make contributions to the Plan. 

3.4 Vesting. Except for special vesting rules that apply to Supplemental Benefits described in Section 3.1(c) above,
each Participant shall become 100% vested in his Account upon the attainment of age 60, disability, death or executive separations as approved by the Company’s Management Development and Compensation Committee (“MDCC”). If the
Participant terminates employment with the Company or an affiliate before age 60 for any reason other than death, disability or executive separations as approved by the Company’s MDCC, his Account will be forfeited. For purposes of this Plan,
disability will be determined in accordance with the Company’s long-term disability plan, and, subject to the Committee’s discretion, full vesting shall occur upon a Participant’s separation from service as a result of exceeding
“Protected Service” as defined in the Company’s long-term disability plan. Notwithstanding the foregoing, a Participant shall become 100% vested in his Account upon a “Qualified Termination” following a Change of Control, as
defined in the Genworth Financial, Inc. 2005 Change of Control Plan (or its successors), as may be amended from time to time. In the event of a business disposition, as determined by the Committee, the Committee may provide that any Participant
terminated due to a given disposition shall become 100% vested, notwithstanding the Participant’s age, provided he or she was an eligible Employee with a minimum of ten years of Vesting Service as of the preceding December 31 and satisfies
any other conditions established by the Committee with respect to a given business disposition. 
 3.5 Earnings on
Accounts. The rate of return credited to each Participant’s Account will be reasonable and shall mirror the rate of return based on one or more of the investment options offered under the Qualified Plan, as determined by the Committee.
Earnings (or losses) shall be credited to each Participant’s Account during each year or part thereof commencing on the date the Account is established and ending, as soon as administratively feasible following a Participant’s separation
from service for all separations from service occurring on or prior to December 31, 2010. For any separation from service occurring on or after January 1, 2011, earnings (or losses) shall be credited to each Participant’s Account
during each year or part thereof, commencing on the date the Account is established and ending on the date the Participant’s Account has been paid in full in accordance with Section 5.2. 

  
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 The Committee may, but is not required to, select from time to time, in its sole and
absolute discretion, commercially available investment funds to be used to determine the amount of earnings or losses to be credited to the Participant’s Accounts. These investment funds will generally operate as “phantom” investment
funds unless actual investment funds are established pursuant to a trust as described in Section 10.1. If treated as “phantom” investment funds, no actual investments will be made. 

If the Committee establishes “phantom” investment funds or funds the plan through a trust as described in Section 10.1,
the Committee shall establish procedures and forms to allow Participants to designate the investment fund or funds in which the Participant’s Account will be deemed to be invested for purposes of determining the amount of earnings or losses to
be allocated to that Account. The Participant may specify the deemed investment, in whole percentage increments, in one or more of the investment funds as communicated from time to time by the Committee. However, the Committee or its delegate may
override such request from a Participant and, if so, the Committee or its delegate may allocate the funds in a different manner. Participants may change his or her investment designation by filing a change of election and making a new designation
with the Committee at such time and in such manner as provided by the Committee. 
 Notwithstanding any other provision of the
Plan that may be interpreted to the contrary, the investment funds selected by the Committee or designation of investment funds by a Participant shall not be considered or construed in any manner as an actual investment of the Participant’s
Account Balance in any such investment fund unless actual investment fund investments are established pursuant to a trust as described in Section 10.1. In the event that the Company or the Trustee, in its sole and absolute discretion, shall
invest funds in any or all of the selected investment funds, no Participant shall have any rights in or to such investments. Without limiting the foregoing, a Participant’s Account shall at all times be a bookkeeping entry only and shall not
represent any investment made on his or her behalf by the Company or the Trust; the Participant shall remain at all times an unsecured creditor of the Company. 
 3.6 Benefits to Minors and Incompetents. 
 (a) If any person
entitled to receive payment under the Plan is a minor, the Company shall pay the amount directly to the minor, to a guardian of the minor, or to a custodian selected by the Company under the appropriate Uniform Transfers to Minors Act. 

(b) If a person who is entitled to receive payment under the Plan is physically or mentally incapable of personally
receiving and giving a valid receipt for any payment due (unless a previous claim has been made by a duly qualified committee or other legal representative), the payment may be made to the person’s spouse, son, daughter, parent, brother, sister
or other person deemed by the Company to have incurred expense for the person otherwise entitled to payment. The Company may not be compelled to select any method that it does not deem to be in the best interest of the distributees. 

  
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 SECTION IV 
 PARTICIPANT ACCOUNTS 
 4.1 Participant Accounts. The Company shall
maintain, or cause to be maintained, records for each Participant showing the amounts credited from time to time to his Account. 

SECTION V 

PAYMENT OF RESTORATION BENEFITS 
 5.1 Commencement of Benefits. 
 (a) Benefits under this Plan
shall commence within 90 days following the later of the Participant’s attainment of age 60 or separation from service with the Company or an affiliate, but for “specified employees” as defined under Code Section 409A, in no
event shall benefits commence earlier than six months following such Participant’s separation from service date. 
 (b) If, prior to the commencement of benefits under (a) above, a Participant dies, the Participant’s benefits shall be paid to the Participant’s Beneficiary within 90 days following the
Participant’s death. The six-month delay period for “specified employees” as described in (a) above will not apply in the event of death of the Participant. 

(c) If, prior to the commencement of benefits under (a) above, a Participant becomes disabled, determined in
accordance with the Company’s long-term disability plan, the Participant’s benefits shall commence upon separation from service as a result of exceeding Protected Service as defined in the Company’s Long Term Disability Plan.

 5.2 Method of Payment. 
  

	 	(a)	Subject to (b) below, the Participant’s Account shall be distributed to him (or his Beneficiary, if applicable) in substantially equivalent annual installment
payments over a ten-year period. Effective for any separation from service or commencement of benefits under Section 5.1 that occurs on or prior to December 31, 2010, the Participant’s Account balance will not remain subject to market
risk associated with the mirrored investment options as described in Section 3.5 during the ten-year installment payment period. Effective for any separation from service or commencement of benefits under Section 5.1 that occurs on or
after January 1, 2011, earnings shall continue to accrue on any remaining balance in the Participant’s Account for each year or part thereof during the ten-year installment payment period in the manner provided for in Section 3.5.

  
 8 

	 	(b)	If, as of the day following the annual Company Contribution Credits described in Section III immediately preceding his separation from service date, the
Participant’s Account balance is less than $50,000, his benefit shall be distributed to him (or his beneficiary, if applicable) in a lump sum in cash. Subject to the provisions of this Section, the Participant will receive an initial
distribution of his Account balance within 90 days following his separation from service date on or after attaining age 60, based upon his Account balance as of the most recent annual Company Contribution Credits described in Section III and then a
subsequent final distribution within 90 days following the final Company Contribution Credit for the Participant’s partial year of employment up to his separation from service date (final eligibility period). 

SECTION VI 

BENEFICIARY 

6.1 Designation of Beneficiary. A Participant may, in the manner determined by the Committee, designate a Beneficiary and one or
more contingent Beneficiaries to receive any benefits which may be payable under the Plan upon his death. A Participant may revoke or change any designation made under this Section 6.1 in the manner determined by the Committee. If a Participant
fails to designate a Beneficiary, the payment of benefits under the Plan on account of his death shall be governed by the beneficiary elections designated by the Participant under the Qualified Plan. If no designation has been made under the
Qualified Plan, benefits will be paid to the Participant’s spouse, if married, or to his estate, if single. 
 SECTION VII

 TAXES 
 7.1 Withholding Taxes. Benefits paid under the Plan may be subject to federal, state and local income and payroll taxes. The Committee shall arrange for all such taxes to be paid in the manner
required by law. The Participant’s share of Social Security and Medicare (“FICA”) taxes will be calculated proximate to the separation from service date and paid by deducting such amounts from a Participant’s regular pay, if any.
If no regular pay is available to pay FICA taxes due, such taxes will be deducted from any payments made under the Plan. If no payments are being made from which FICA taxes may be deducted, the Participant agrees to remit such taxes to the Company
upon request. The company reserves the right to offset all unpaid taxes against the interest of a Participant under the Plan. 

  
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 SECTION VIII 
 ADMINISTRATION 
 8.1 Administration. This Plan shall be administered by the
Committee, which shall have complete authority in its sole discretion to make, amend, interpret and enforce rules and regulations for the administration of this Plan and decide or resolve in its sole discretion any and all questions which may arise
in connection with this Plan. The Committee may delegate certain of its duties to one or more Employees or to a separate committee appointed by the Committee. 
 8.2 Employment of Agents. In the administration of this Plan, the Committee may, from time to time, employ agents and delegate to them such administrative duties as it sees fit and may, from time
to time, consult with counsel, including counsel to the Company. 
 8.3 Decisions. The decision or action of the
Committee in respect of any question arising out of or in connection with the administration, interpretation and application of this Plan and the rules and regulations hereunder shall be final and conclusive and binding upon all persons having any
interest in this Plan. 
 SECTION IX 
 AMENDMENT AND TERMINATION 
 9.1 Amendment or Termination. The Committee
reserves the right, by written resolution, to amend, modify or terminate, either retroactively or prospectively, any or all of the provisions of this Plan, provided such amendment or termination complies with Code Section 409A; provided,
however, that no such action on its part shall adversely affect the rights of a Participant, or beneficiaries without the consent of such Participant (or beneficiaries, if the Participant is deceased) with respect to any benefits accrued under this
Plan prior to the date of such amendment, modification or termination of the Plan if the Participant has at that time a non-forfeitable right to benefits under Section 3.3 of this Plan. 

SECTION X 

GENERAL CONDITIONS 
 10.1 Funding. The benefits payable under this Plan shall be paid by the Company out of its general assets and shall not be funded in any manner. The obligations that the Company incurs under this
Plan shall be subject to the claims of the Company’s other creditors having priority as to the Company’s assets. 

The Company may (but is not required to) establish one or more Trusts to which the Company may transfer such assets as the Company
determines in its sole discretion to assist in 

  
 10 

 
meeting its obligations under the Plan. If a trust is established under the Plan, it is intended that the transfer of assets into the trust will not generate taxable income (for federal income
tax purposes) to the Participants until such assets are actually distributed or otherwise made available to the Participants. The provisions of the Plan shall govern the rights of a Participant to receive distributions pursuant to the Plan. The
provisions of the Trust shall govern the rights of the Company, Participants and the creditors of the Company to the assets transferred to the Trust. The Company’s obligations under the Plan may be satisfied with Trust assets distributed
pursuant to the terms of the Trust, and any such distribution shall reduce the Company’s obligations under the Plan. 

10.2 Assignment. Except as to withholding of any tax under the laws of the United States or any state or locality, no benefit
payable at any time hereunder shall be subject in any manner to alienation, sale, transfer, assignment, pledge, attachment or other legal process, or encumbrance of any kind. Any attempt to alienate, sell, transfer, assign, pledge or otherwise
encumber any such benefit, whether currently or thereafter payable hereunder, shall be void. 
 10.3 No Contract of
Employment. No employee and no other person shall have any legal or equitable rights or interest in this Plan that are not expressly granted in this Plan. Participation in this Plan does not give any person any right to be retained in the
employment of the Company. The right and power of the Company to dismiss or discharge any employee is expressly reserved. 

10.4 Terms. All terms used in this Plan which are defined in the Qualified Plan shall have the same meaning herein as therein,
unless otherwise expressly provided in this Plan. 
 10.5 Plan Provisions Govern. The rights under this Plan of a
Participant who leaves the employment of the Company at any time and the rights of anyone entitled to receive any payments under this Plan by reason of the death of such Participant, shall be governed by the provisions of this Plan in effect on the
date such Participant leaves the employment of the Company, except as otherwise specifically provided in this Plan. 
 10.6
Governing Law. The law of the Commonwealth of Virginia shall govern the construction and administration of this Plan, to the extent not pre-empted by federal law. 
 10.7 Compliance with Code Section 409A. To the extent applicable, this Plan is intended to comply with Section 409A of the Code, and the Committee shall interpret and administer the Plan
in accordance therewith. In addition, any provision, including, without limitation, any definition, in this Plan document that is determined to violate the requirements of Section 409A of the Code shall be void and without effect and any
provision, including, without limitation, any definition, that is required to appear in this Plan document under Section 409A of the Code that is not expressly set forth shall be deemed to be set forth herein, and the Plan shall be administered
in all respects as if such provisions were expressly set forth. In addition, the timing of certain payment of benefits provided for under this Plan shall be revised as necessary for compliance with Section 409A of the Code. 

  
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 SIGNATURE PAGE 

As evidence of its adoption of the Genworth Financial, Inc. Retirement and Savings Restoration Plan, the Committee, as authorized by the
Board of Directors of the Company, has caused this document to be executed by a duly authorized officer as of March 26, 2012. 
  

			
	 GENWORTH FINANCIAL, INC.

		
	 By:
	 	 /s/ Michael S. Laming

	 Senior Vice President – Human Resources

  
 12

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