Document:

Restricted Stock Award Agreement

 Exhibit 10.1 
 

 
 OMNIBUS EQUITY INCENTIVE PLAN 
 DIRECTOR RESTRICTED STOCK AWARD AGREEMENT 
 Greater Bay Bancorp, a California
corporation (the “Company”), grants a Restricted Stock Award, subject to the terms, conditions, and restrictions of the Greater Bay Bancorp Omnibus Equity Incentive Plan (the “Plan”), this Restricted Stock Award Agreement, and
Appendix A (attached) (the Restricted Stock Award Agreement and Appendix A are collectively referred to as the “Award Agreement”). The capitalized terms used in the Award Agreement that are defined in the Plan shall have the same meanings
herein as are set forth in the Plan. 
  

					
	 Grantee:
	  	«Fname» «Lname»	  	
			
	 Grant Date
	  	«Grant_Date»	  	
			
	 Total Number of Shares Granted
	  	«Shares»	  	
			
	 Lapse of Restrictions:
	  		  	

 The restrictions imposed on the Restricted Stock Award shall lapse as set forth below. Except as
otherwise provided in the Award Agreement, Grantee will not be eligible to retain shares of Stock under the Restricted Stock Award unless he or she is employed by the Company or one of its Subsidiaries on the applicable date, as set forth below.
Such restrictions shall lapse with respect to: 
 «Vest1» Shares on «Vest1Date» 
 «Vest2» Shares on «Vest2Date» 
 «Vest3» Shares on «Vest3Date» 
 «Vest4» Shares on «Vest4Date» 
 «Vest5» Shares on «Vest5Date» 
 Termination of Service: 
 In the event of Grantee’s Termination of Service, the Restricted Stock Award shall be
deemed earned or forfeited as follows: 
 Termination of Service due to death, Disability, or Retirement. On Termination of Service due
to death or Disability, the restrictions on the Restricted Stock subject to the Award shall lapse as to a pro rata portion of the shares of such Restricted Stock (net of any shares as to which the restrictions previously have lapsed), with such pro

 rata portion based on the ratio of the number of days between the Grant Date and the date of Termination
of Service to the number of days between the Grant Date and the date on which all such restrictions were scheduled to lapse under the Award Agreement. Notwithstanding the provisions of the Plan, on Termination of Service due to Retirement, the
restrictions on the Restricted Stock subject to the Award shall lapse only in accordance with the schedule set forth above and shall not accelerate on a pro rata (or any other) basis. In any of such events, Grantee shall forfeit the balance of such
Restricted Stock as to which the restrictions have not yet lapsed, and the Restricted Stock so forfeited shall be returned to the Company. 
 Termination by the Company for Cause, or by any event not specified in the previous paragraph (except for a Change in Control which is governed by Section 17 of the Plan): The portion of the Restricted Stock Award for which the
restrictions have not lapsed as of the Termination of Service shall be forfeited immediately after the Company’s notice or advice of such Termination of Service for Cause is dispatched to Grantee or on the date of Termination of Service for any
other reason. 
  

			
	GREATER BAY BANCORP
		
	 By:
	 	  

 The Grantee acknowledges and represents that the Grantee is familiar with the terms and
provisions of this Award Agreement and hereby accepts same subject to all its terms and provisions hereof. The Grantee hereby agrees to accept as binding, conclusive and final all decisions or interpretations of the Board of Directors or its duly
appointed Committee upon any questions arising under the Plan. 
  

			
	 Dated:                     
	  	  

		  	 Grantee Signature

  

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 APPENDIX A 
 TERMS AND CONDITIONS FOR RESTRICTED STOCK 
 1. Grant. The Company grants to the Grantee a Restricted
Stock Award for the number of shares of Stock, at no par value, set forth in the Award Agreement, subject to the terms and conditions of the Plan, which is incorporated herein by reference. In the event of a conflict between the terms and conditions
of the Plan and this Award Agreement, the terms and conditions of the Plan shall prevail. 
 2. Term. Subject to earlier lapse
of restrictions for the shares of Stock as provided in the Plan, the restrictions set forth herein shall lapse in accordance with the provisions of Section 4 below. This agreement shall terminate when all of the shares of Stock either have
vested in accordance with Section 4 or have been forfeited upon a Termination of Service. 
 3. Restrictions on Transfer.

 (a) Except as provided below, the Award shall be nontransferable and shall not be assignable, alienable, saleable, or otherwise
transferable by the Grantee other than by will or the laws of descent and distribution or pursuant to a Domestic Relations Order. The terms of this Award Agreement shall be binding upon the executors, administrators, heirs, successors and assigns of
the Grantee. No non-permitted transferee of the Grantee shall have any right in or claim to any Restricted Stock. 
 (b) Notwithstanding the
foregoing, the Grantee may transfer, without consideration for such transfer, any Restricted Stock Award subject to this Award Agreement, in whole or in part, to one or more of the following persons (and only the following persons): (i) the
Grantee’s spouse, former spouse, children including adopted children, step-children, grandchildren, parents, grandparents, brothers, sisters, aunts, uncles, nieces, nephews, first cousins, mother-in-law, father-in-law, brothers-in-law, or
sisters-in-law (“immediate family members”), or such other persons as may be approved in writing by the Committee in its sole and absolute discretion (“approved transferees”), or (ii) a trust or trusts for the exclusive
benefit of the Grantee or any such immediate family members or approved transferees. Immediate family members, approved transferees and trusts for their benefit may not retransfer this Option in whole or in part other than by will or by the laws of
descent and distribution. 
 (c) In order to effectuate a transfer pursuant to Section 3(b) above, the transfer must be in writing in an
instrument submitted to the Company within ten (10) business days after its execution. In such writing, the transferee must agree to be bound by all of the terms and conditions of the Plan and this Award Agreement. The Company may grant or
withhold its consent to the transfer or the terms of the transfer in its sole and absolute discretion. In the event the Company does not notify Grantee in writing of its disapproval of the transfer or its terms within ten (10) business days of
receipt by the Company of a copy of the written transfer instrument from the Grantee, the transfer shall be deemed approved. 
 (d) Transfers
of the Award under Section 3(b) above may not be a transfer for consideration (for example, sales or exchanges of the Award are not permitted). 

 (e) Following any transfer hereunder, the Award shall continue to be subject to the same terms and
conditions as were applicable immediately prior to the transfer. The term “Grantee” shall be deemed to refer to the transferee, except that Termination of Service shall continue to be applied with respect to the original Grantee rather
than the transferee. 
 (f) Shares of Stock that have vested and are no longer subject to restrictions pursuant to Section 4 may be
transferred by the Grantee, subject to applicable federal and state securities law restrictions. 
 4. Lapse of Restrictions.

 (a) Longevity Restrictions. The restrictions shall lapse with respect to the shares of Stock covered by this Restricted Stock Award,
in the installments set forth in the Award Agreement, provided that the Grantee’s service as an Employee continues through the specified dates. 
 (b) Change in Control. Upon a Change in Control as defined in subsection 2(g) of the Plan, all restrictions shall lapse. 
 (c) Action by Committee. The Committee shall have the authority, in its sole and absolute discretion, to remove any or all of the restrictions applicable to such shares of Stock whenever the Committee may
determine that such action is appropriate by reason of changes to applicable tax or other laws. 
 5. Fractional Shares. No fractional
shares shall be delivered to Grantee. Any fractional shares shall be rounded down to the nearest whole number, provided that such fractional shares shall be aggregated and vested on the date when all restrictions lapse or expire. 
 6. Legends. 
 (a) If Restricted Stock
is held in certificated form, until all restrictions lapse, certificates representing shares of Restricted Stock issued pursuant to the Award Agreement shall bear the following legend: 
 “The shares represented by this certificate are subject to reacquisition by Greater Bay Bancorp, and such shares may not be sold or
otherwise transferred except pursuant to the provisions of the Award Agreement by and between Greater Bay Bancorp and the registered owner of such shares.” 
 (b) If Restricted Stock is held in certificated form, certificates representing shares of Restricted Stock issued pursuant to the Award Agreement shall bear the following legend: 
 “The shares represented by this certificate are owned by a person or persons who may be considered an affiliate for purposes of Rule
144 under the Securities Act of 1933 (the “Act”). No transfer of these securities or any interest therein may be made unless the issuer has received an opinion of counsel or other evidence satisfactory to it that shares may be sold
pursuant to Rule 144 or another available exemption under the Act and the rules and regulations thereunder.” 
  

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 7. Escrow. 
 (a) Until all restrictions have lapsed, the Company’s Secretary or such other escrow holder as the Committee may appoint, shall retain custody of the stock certificates or book-entry shares representing the
Restricted Stock subject to the Award; provided, however, that in no event shall the Grantee retain physical custody of any certificates representing shares of Restricted Stock awarded to him or her. 
 (b) The Grantee further agrees that simultaneously with his or her execution of the Award Agreement, he or she shall execute stock powers in favor of the
Company with respect to the shares of Stock granted hereunder in the form attached hereto and that he or she shall promptly deliver such stock powers to the Company. 
 8. Rights as a Shareholder. Upon the delivery of Restricted Stock to the escrow holder pursuant to subsection 7(a), Grantee shall have all the rights of a shareholder of the Company with respect to the
Restricted Stock, subject to the terms and conditions of this Award Agreement, including the right to vote the Restricted Stock and the right to receive all dividends or other distributions paid or made with respect to the Restricted Stock;
provided, however, that any additional shares of Restricted Stock to which the Grantee shall be entitled as a result of stock dividends, stock splits, or any other form of recapitalization in respect of shares of Restricted Stock shall also be
subject to the terms and conditions of this Award Agreement until the restrictions on the underlying shares of Restricted Stock lapse or expire. Grantee acknowledges that any dividends paid to the Grantee with respect to any share of the Restricted
Stock prior to the lapse of any restrictions with respect to such share shall be compensation income rather than dividend income unless the Grantee has made an election under Section 83(b) of the Code with respect to such Share. 
 9. Removal of Legends on Certificates and Return of Stock Powers. When restrictions lapse and the Company delivers to the Grantee the certificates
in respect of shares of Stock or book-entry shares, the Grantee shall also receive back the related stock powers held by the Company pursuant to subsection 7(b) above. The distributed shares of Stock shall be free of the restrictions, and such
certificate, if any, shall not bear the legend provided for in Section 6(a) above (but shall continue to bear the legend provided in Section 6(b) above). 
 10. Code Section 83(b) Election. Grantee agrees to notify the Company immediately in writing in the event Grantee makes an election under Section 83(b) of the Code (or any successor provision) or
corresponding provisions of state or local tax laws with respect to this Award. In that event, any required withholding and/or employment tax payments as a result of such election shall thereupon be made. Such withholding may be from the
Grantee’s compensation from the Company or from cash supplied by the Grantee. 
 11. Separate Advice and Representation. The
Company is not providing the Grantee with advice, warranties, or representations regarding any of the legal, tax, or business effects to Grantee with respect to the Plan or this Award Agreement. The Grantee is encouraged to seek legal, tax, and
business advice from the Grantee’s own legal, tax, and business advisers as soon as possible. By accepting this Award and the shares of Stock covered thereby, and by signing this Award Agreement, the Grantee acknowledges that the Grantee is
familiar with the terms of the Award Agreement and the Plan, that the Grantee has been encouraged by the Company to discuss the Award and the Plan with Grantee’s own legal, tax, and business advisers, and that the Grantee agrees to be bound by
the terms of the Plan and the Award Agreement. 
  

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 12. Tax Withholding. 
 (a) The Company will assess its requirements regarding federal, state, and local income taxes, FICA taxes, and any other applicable taxes (“Tax Items”) in connection with the Restricted Stock. These
requirements may change from time to time as laws or interpretations change. The Company will withhold Tax Items as required by law. Regardless of the Company’s actions in this regard, the Grantee acknowledges and agrees that the ultimate
liability for Tax Items is the Grantee’s responsibility. The Grantee acknowledges and agrees that the Company: 
 (i) makes no
representations or undertakings regarding the treatment of any Tax Items in connection with any aspect of the Restricted Stock, including the subsequent sale of shares of Stock acquired under the Plan; and 
 (ii) does not commit to structure the terms of the Restricted Stock or any aspect of the Restricted Stock to reduce or eliminate liability for Tax
Items. 
 (b) Notwithstanding any contrary provision of this Award Agreement, no certificate representing the shares of Stock or book-entry
shares will be issued to Grantee, unless and until satisfactory arrangements (as determined by the Committee) have been made by the Grantee with respect to the payment of income, employment, and other taxes which the Company determines must be
withheld with respect to such shares of Stock so issuable. The Committee, in its sole discretion and pursuant to such procedures as it may specify from time to time, may permit the Grantee to satisfy such tax withholding obligation, in whole or in
part (without limitation) by one or more of the following: (i) paying cash, (ii) delivering to the Company already vested and owned shares of Stock having an aggregate Fair Market Value (as of the date the withholding is effected) equal to
the amount required to be withheld, or (iii) by authorizing the Company to hold back a number of shares of Stock otherwise deliverable to the Grantee through such means as the Company may determine in its sole discretion (whether through a
broker or otherwise) having an aggregate Fair Market Value (as of the date the withholding is effected) equal to the amount required to be withheld. 
 13. No Acquired Rights. The Grantee agrees and acknowledges that: 
 (a) the grant of this Award under
the Plan is voluntary and occasional and does not create any contractual or other right to receive future grants of any Awards or benefits in lieu of any Awards, even if Awards have been granted repeatedly in the past and regardless of any
reasonable notice period mandated under local law; 
 (b) the value of this Award is an extraordinary item of compensation which is outside
the scope of an employment contract, if any; 
 (c) this Award is not part of normal or expected compensation or salary for any purposes,
including, but not limited to, calculating termination, severance, resignation, redundancy, end of service payments, bonuses, long-service awards, pension, retirement benefits, or similar payments; 
  

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 (d) the future value of the shares of Stock awarded under the Plan, if any, is unknown and cannot be
predicted with certainty; 
 (e) no claim or entitlement to compensation or damages arises from the termination of this Award or diminution
in value of this Award or shares of Stock received under the Plan, and the Grantee irrevocably releases the Company from any such claim; and 
 (f) participation in the Plan shall not create a right to further employment with the Company or employer and shall not interfere with the ability of the Company or employer to terminate the employment relationship at any time, with or
without cause. 
 14. Adjustment of Shares. In the event of a subdivision of the outstanding Stock, a declaration of a dividend
payable in shares of Stock, a declaration of a dividend payable in a form other than shares of Stock in an amount that has a material effect on the value of shares of Stock, a combination or consolidation of the outstanding shares of Stock (by
reclassification or otherwise) into a lesser number of shares of Stock, a recapitalization, a spin-off, a merger, consolidation or other reorganization involving the Company that would not constitute a Change in Control, or any other similar
occurrence, the Company shall make appropriate adjustments in the number of shares covered by the Restricted Stock Award. 
 Except as
provided in this Section 14, Grantee shall have no rights by reason of any subdivision or consolidation of shares of stock of any class, the payment of any dividend or any other increase or decrease in the number of shares of stock of any
class. Any issue by the Company of shares of stock of any class, or securities convertible into shares of stock of any class, shall not affect, and no adjustment by reason thereof shall be made with respect to, the number of shares of Stock subject
to the Restricted Stock Award. The grant of the Restricted Stock pursuant to the Plan shall not affect in any way the right or power of the Company to make adjustments, reclassifications, reorganizations or changes of its capital or business
structure, to merge or consolidate or to dissolve, liquidate, sell or transfer all or any part of its business or assets. 
 15.
Notices. Except as may be otherwise provided by the Plan, any written notices provided for in the Plan and this Award Agreement shall be in writing and shall be deemed sufficiently given if either hand delivered or if sent by fax or overnight
courier, or by postage paid first class mail. Notices sent by mail shall be deemed received three business days after mailed but in no event later than the date of actual receipt. Notice may also be provided by electronic submission, if and to the
extent permitted by the Committee. Notices shall be directed, if to the Grantee, at the Grantee’s address indicated by the Company’s records, or if to the Company, at the Company’s principal office, attention Human Resources
Department. 
 16. Severability. The provisions of the Award Agreement are severable and if any one or more provisions may be
determined to be illegal or otherwise unenforceable, in whole or in part, the remaining provisions shall nevertheless be binding and enforceable. 
 17. Counterparts; Further Instruments. The Award Agreement may be executed in two or more counterparts, each of which shall be deemed an original, but all of which together shall 
  

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 constitute one and the same instrument. The parties hereto agree to execute such further instruments and to take such
further action as may be reasonably necessary to carry out the purposes and intent of this Award Agreement. 
 18. Amendment. The
Award Agreement may be amended or modified by the Committee, including amendments and modifications that may affect the tax status of the Award, provided that such action may not, without the consent of the Grantee, impair any rights of the Grantee
under the Award Agreement. 
 19. Entire Agreement; Governing Law. The Plan and this Award Agreement constitute the entire agreement
of the parties with respect to the subject matter hereof and supersede in their entirety all prior undertakings and agreements of the Company and the Grantee with respect to the subject matter hereof, and may not be modified adversely to the
Grantee’s interest except by means of a writing signed by the Company and the Grantee. This agreement is governed by the internal substantive laws, but not the choice of law rules, of California. 
  

 6Option Award Agreement

 Exhibit 10.2 
 

 
 OMNIBUS EQUITY INCENTIVE PLAN 
 DIRECTORS’ OPTION AWARD AGREEMENT 
 Greater Bay Bancorp, a California
corporation (the “Company”), hereby grants an Option, subject to the terms, conditions, and restrictions of the Greater Bay Bancorp Omnibus Equity Incentive Plan (the “Plan”), this Option Award Agreement, and Appendix A
(attached) (the Option Award Agreement and Appendix A are collectively referred to as the “Award Agreement”). The capitalized terms used in the Award Agreement that are defined in the Plan shall have the same meanings herein as are set
forth in the Plan. 
  

					
	 Optionee:
	  	«Fname» «Lname»	  	
			
	 Grant Date:
	  	«Grant_Date»	  	
			
	 Exercise Price per Share:
	  	$«Price»	  	
			
	 Total Number of Shares of Stock Subject to Option:
	  	«Shares»	  	
			
	 Term/Expiration Date:
	  	                                      
  	  	

 Earliest Exercise Dates: 
 The Option shall become exercisable cumulatively from the Grant Date as set forth below. Except as otherwise provided in the Award Agreement, Options will
not become exercisable unless the Optionee continues to be a Director, Consultant or Employee through January 1 of the calendar year in which the applicable date set forth below occurs. 
 «Vest1» of Shares on «Vest1Date» 
 «Vest2» of Shares
on «Vest2Date» 
 «Vest3» of Shares on «Vest3Date» 
 «Vest4» of Shares on «Vest4Date» 
 «Vest5» of Shares
on «Vest5Date» 
  

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 Termination of Service: 
 In the event of the Optionee’s Termination of Service, the Option will expire as follows: 
  

	 	•	 	Termination of Service for Cause: Immediately upon notice of Termination of Service. 

  

	 	•	 	Termination of Service for any other reason: December 31 of the calendar year immediately following the calendar year in which Termination of Service occurs to the extent the
Option has become exercisable on or before December 31 of the year in which Termination of Service occurs. 

 Provided,
however, in no event may the Optionee exercise this Option after the Term/Expiration Date provided above. 
  

			
	GREATER BAY BANCORP
		
	 By:
	 	  

 The Optionee acknowledges and represents that the Optionee is familiar with the terms and
provisions of the Plan and this Award Agreement, and hereby accepts the Option subject to all its terms and provisions. The Optionee agrees to accept as binding, conclusive, and final all decisions or interpretations of the Board of Directors or its
duly appointed Committee upon any questions arising under the Plan. 
  

			
	 Dated:                     
	  	  

		  	 Optionee Signature

  

 -2- 

 APPENDIX A 
 TERMS AND CONDITIONS FOR OPTIONS 
 1. Grant. The Company hereby grants to the Optionee an Option to
purchase the number of shares of Stock at the Exercise Price per share set forth in the Award Agreement, subject to the terms and conditions of the Plan, which is incorporated herein by reference. In the event of a conflict between the terms and
conditions of the Plan and this Award Agreement, the terms and conditions of the Plan shall prevail. 
 2. Exercise of Option.

 (a) Right to Exercise. This Option is exercisable during its term in accordance with the schedule set out in this Award Agreement
and the applicable provisions of the Plan. 
 (b) Method of Exercise. This Option is exercisable by delivery of an exercise notice to
the Company, in such form as may be provided by the Company from time to time (the “Exercise Notice”), which shall state the election to exercise some or all of the then-exercisable portion of the Option, the number of shares of Stock in
respect of which the Option is being exercised, and such other representations and agreements as may be required by the Company pursuant to the provisions of the Plan. The Exercise Notice shall be signed by the Optionee and delivered to the
Company’s Human Resources Department, or to its designated agent, at such place and in such manner as the Company may specify from time to time. The Exercise Notice must be accompanied by payment in full of the Exercise Price for the shares of
Stock being acquired and any applicable withholding taxes. 
 No shares of Stock shall be issued pursuant to the exercise of this Option
unless such issuance and exercise complies with Applicable Laws. Assuming such compliance, the shares of Stock deliverable on exercise shall be considered transferred to the Optionee on the date the Company receives a fully executed Exercise Notice
accompanied by payment of the Exercise Price and any applicable withholding taxes. 
 (c) Method of Payment. Payment of the Exercise
Price shall be by any of the following methods, or a combination thereof, at the election of the Optionee: 
 (i) cash; or 
 (ii) certified check, official bank check or the equivalent thereof acceptable to the Company; or 
 (iii) personal check, conditioned upon such personal check being paid by the financial institution on which it is drawn; or 
 (iv) by the delivery of an irrevocable direction to a securities broker, acceptable to the Company, to sell shares of Stock and to deliver all or part
of the sales proceeds to the Company in payment of the Exercise Price and any withholding taxes; or 
  

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 (v) surrender of shares of Stock to the Company in good form for transfer, provided the shares of Stock
(y) have been vested and owned by the Optionee for more than six (6) months on the date of surrender, and (z) have a Fair Market Value on the date of surrender equal to the aggregate Exercise Price of the Stock purchased; or

 (vi) Subject to any restrictions or prohibitions imposed by the Sarbanes-Oxley Act of 2002 or other Applicable Laws, by the delivery of
an irrevocable direction to a securities broker or lender, acceptable to the Company, to pledge shares of Stock as security for a loan, and to deliver all or part of the loan proceeds to the Company in payment of the Exercise Price and any
withholding taxes; or 
 (vii) by authorizing the Company to hold back from the shares of Stock to be issued upon exercise that number of
shares of Stock having a Fair Market Value equal to the Exercise Price and any withholding taxes. 
 (d) Minimum Exercise. The Option
may not be exercised for less than ten (10) shares of Stock or for any fractional shares. 
 (e) Exercise on Change in Control.
In the event that a Change in Control occurs, then, pursuant to the provisions of Section 17(a) of the Plan, the entire Option shall be fully exercisable, immediately prior to the Change in Control, subject to earlier expiration or termination
of the Option in accordance with the terms and provisions of the Plan and this Award Agreement. In addition, in the event of a Change in Control, the Optionee shall have such rights, consistent with the Merger Agreement, as are specified in
Section 17(b) of the Plan. 
 3. Non-Transferability of Option. 
 (a) Except as provided below, the Option shall be nontransferable and shall not be assignable, alienable, saleable, or otherwise transferable by the
Optionee other than by will or the laws of descent and distribution or pursuant to a Domestic Relations Order. During the lifetime of the Optionee, the Option shall be exercisable only by the Optionee. The terms of this Award Agreement shall be
binding upon the executors, administrators, heirs, successors and assigns of the Optionee. No non-permitted transferee of the Optionee shall have any right in or claim to the Option. 
 (b) Notwithstanding the foregoing, the Optionee may transfer, without consideration for such transfer, any Option subject to this Award Agreement, in
whole or in part, to one or more of the following persons (and only the following persons): (i) the Optionee’s spouse, former spouse, children including adopted children, step-children, grandchildren, parents, grandparents, brothers,
sisters, aunts, uncles, nieces, nephews, first cousins, mother-in-law, father-in-law, brothers-in-law, or sisters-in-law (“immediate family members”), or such other persons as may be approved in writing by the Committee in its sole and
absolute discretion (“approved transferees”), or (ii) a trust or trusts for the exclusive benefit of the Optionee or any such immediate family members or approved transferees. Immediate family members, approved transferees and trusts
for their benefit may not retransfer this Option in whole or in part other than by will or by the laws of descent and distribution, and a transferred Option may be exercised during the lifetime of the transferee only by such transferee. 

 

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 (c) In order to effectuate a transfer pursuant to Section 3(b) above, the transfer must be in
writing in an instrument submitted to the Company within ten (10) business days after its execution. In such writing, the transferee must agree to be bound by all of the terms and conditions of the Plan and this Award Agreement. The Company may
grant or withhold its consent to the transfer or the terms of the transfer in its sole and absolute discretion. In the event the Company does not notify Optionee in writing of its disapproval of the transfer or its terms within ten
(10) business days of receipt by the Company of a copy of the written transfer instrument from the Optionee, the transfer shall be deemed approved. 
 (d) Transfers of the Option under Section 3(b) above may not be a transfer for consideration (for example, sales or exchanges of the Option are not permitted). 
 (e) Following any transfer hereunder, the Option shall continue to be subject to the same terms and conditions as were applicable immediately prior to
the transfer. The term “Optionee” shall be deemed to refer to the transferee, except that Termination of Service shall continue to be applied with respect to the original Optionee rather than the transferee. Following any such Termination
of Service, the Option shall be exercisable by the transferee only to the extent and for the periods specified herein. 
 4. Tax
Withholding. 
 (a) The Company will assess its requirements regarding federal, state and local income taxes, FICA taxes, and other
applicable taxes (“Tax Items”) in connection with the Option. These requirements may change from time to time as laws or interpretations change. The Company will withhold Tax Items if required by law. Regardless of the Company’s
actions in this regard, the Optionee acknowledges and agrees that the ultimate liability for Tax Items is the Optionee’s responsibility. The Optionee acknowledges and agrees that the Company: 
 (i) makes no representations or undertakings regarding the treatment of any Tax Items in connection with any aspect of the Option, including the
subsequent sale of shares of Stock acquired under the Plan; and 
 (ii) does not commit to structure the terms of the Option or any aspect
of the Option to reduce or eliminate the Optionee’s liability for Tax Items. 
 (b) Notwithstanding any contrary provision of this Award
Agreement, no certificate representing the shares of Stock or book-entry shares will be issued on behalf of the Optionee unless and until satisfactory arrangements (as determined by the Committee) have been made by the Optionee with respect to the
payment of Tax Items which the Company determines must be withheld with respect to such shares of Stock so issuable. The Committee, in its sole discretion and pursuant to such procedures as it may specify from time to time, may permit the Optionee
to satisfy such tax withholding obligation, in whole or in part (without limitation) by one or more of the following: (i) paying cash, (ii) delivering to the Company already vested and owned shares of Stock having an aggregate Fair Market
Value (as of the date the withholding is effected) equal to the amount required to be withheld, or (iii) by authorizing the Company to hold back a number of shares of Stock otherwise deliverable to the Optionee through such means as the Company
may determine in its sole discretion (whether through a broker or otherwise) having an aggregate Fair Market Value (as of the date the withholding is effected) equal to the amount required to be withheld. 
  

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 5. Separate Advice and Representation. The Company is not providing the Optionee with advice,
warranties, or representations regarding any of the legal, tax, or business effects to Optionee with respect to the Plan or this Award Agreement. The Optionee is encouraged to seek legal, tax, and business advice from the Optionee’s own legal,
tax, and business advisers as soon as possible. By accepting this Option and the shares of Stock covered thereby, and by signing this Award Agreement, the Optionee acknowledges that the Optionee is familiar with the terms of this Award Agreement and
the Plan, that the Optionee has been encouraged by the Company to discuss the Option and the Plan with the Optionee’s own legal, tax and business advisers, and that the Optionee agrees to be bound by the terms of this Award Agreement and the
Plan. 
 6. No Acquired Rights. The Optionee agrees and acknowledges that: 
 (a) the grant of this Option under the Plan is voluntary and occasional and does not create any contractual or other right to receive future grants of any
Options or benefits in lieu of any Options, even if Options have been granted repeatedly in the past and regardless of any reasonable notice period mandated under local law; 
 (b) the value of this Option is an extraordinary item of compensation which is outside the scope of the Optionee’s employment contract, if any;

 (c) this Option is not part of normal or expected compensation or salary for any purposes, including, but not limited to, calculating
termination, severance, resignation, redundancy, end of service payments, bonuses, long-service awards, pension, retirement benefits, or similar payments; 
 (d) the future value of the shares of Stock that may be purchased by exercise of this Option is unknown and cannot be predicted with certainty; 
 (e) no claim or entitlement to compensation or damages arises from the termination of this Option or diminution in value of this Option or shares of
Stock purchased under the Plan, and the Optionee irrevocably releases the Company from any such claim; and 
 (f) participation in the Plan
shall not create a right to further employment with the Company and shall not interfere with the ability of the Company to terminate the employment relationship at any time, with or without cause. 
 7. Term of Option. Subject to earlier termination as provided in the Plan and this Award Agreement, the Option shall terminate seven
(7) years from the Grant Date, and may be exercised during such term only in accordance with the Plan and this Award Agreement. 
 8.
Adjustment of Shares. In the event of a subdivision of the outstanding Stock, a declaration of a dividend payable in shares of Stock, a declaration of a dividend payable in a form other than shares of Stock in an amount that has a material
effect on the value of shares of Stock, a combination or consolidation of the outstanding shares of Stock (by reclassification or otherwise) into a lesser number of shares of Stock, a recapitalization, a spin-off, a merger, consolidation or other
reorganization involving the Company that would not constitute a Change in Control, or any other similar occurrence, the Company shall make appropriate adjustments in the number of shares of Stock covered by the Option and in the Exercise Price of
the Option. 
  

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 Except as provided in this Section 8, the Optionee shall have no rights by reason of any subdivision
or consolidation of shares of stock of any class, the payment of any dividend or any other increase or decrease in the number of shares of any class. Any issue by the Company of shares of any class, or securities convertible into shares of any
class, shall not affect, and no adjustment by reason thereof shall be made with respect to, the number or Exercise Price of shares of Stock subject to the Option. The grant of the Option pursuant to the Plan shall not affect in any way the right or
power of the Company to make adjustments, reclassifications, reorganizations or changes of its capital or business structure, to merge or consolidate or to dissolve, liquidate, sell or transfer all or any part of its business or assets. 

9. Rights as a Shareholder. An Optionee shall have no rights as a shareholder of the Company with respect to any such shares of Stock until and
unless there is issued a stock certificate or book-entry shares to the Optionee for such shares of Stock or the shares of Stock are otherwise transferred to the Optionee. 
 10. Notices. Except as may be otherwise provided by the Plan, any written notices provided for in the Plan or this Award Agreement shall be in writing and shall be deemed sufficiently given if either hand
delivered or if sent by fax or overnight courier, or by postage paid first class mail. Notices sent by mail shall be deemed received three business days after mailed but in no event later than the date of actual receipt. Notice may also be provided
by electronic submission, if and to the extent permitted by the Committee. Notices shall be directed, if to the Optionee, at the Optionee’s address indicated by the Company’s records, or if to the Company, at the Company’s principal
office, attention Human Resources Department. 
 11. Severability. The provisions of this Award Agreement are severable and if any one
or more provisions may be determined to be illegal or otherwise unenforceable, in whole or in part, the remaining provisions shall nevertheless be binding and enforceable. 
 12. Counterparts; Further Instruments. This Award Agreement may be executed in two or more counterparts, each of which shall be deemed an
original, but all of which together shall constitute one and the same instrument. The parties hereto agree to execute such further instruments and to take such further action as may be reasonably necessary to carry out the purposes and intent of
this Award Agreement. 
 13. Amendment. This Award Agreement may be amended or modified by the Committee, including amendments and
modifications that may affect the tax status of any Option so designated hereunder, provided that any such action may not, without the consent of the Optionee, impair any rights of the Optionee under this Award Agreement. 
 14. Entire Agreement; Governing Law. The Plan and this Award Agreement constitute the entire agreement of the parties with respect to the subject
matter hereof and supersede in their entirety all prior undertakings and agreements of the Company and the Optionee with respect to the subject matter hereof. This agreement is governed by the internal substantive laws, but not the choice of law
rules, of California. 
  

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