Document:

exv4w3

Exhibit 4.3

[FACE OF NOTE] 

DIGITALGLOBE, INC.

10.50% Senior Secured Note Due 2014.

CUSIP: 25389M AB5 / U25385 AA0

			
	No.
	 	$                    

     DIGITALGLOBE, INC., a Delaware corporation (the “Company”, which term includes any successor
under the Indenture hereinafter referred to), for value received, promises to pay to
                                      , or its registered assigns, the principal sum of                      DOLLARS
($                    ) or such other amount as indicated on the Schedule of Exchange of Notes attached hereto on
May 1, 2014.

Interest Rate: 10.50% per annum.

Interest Payment Dates: May 1 and November 1, commencing November 1, 2009

Regular Record Dates: April 15 and October 15.

     Reference is hereby made to the further provisions of this Note set forth on the reverse
hereof, which will for all purposes have the same effect as if set forth at this place.

1

 

     IN WITNESS WHEREOF, the Company has caused this Note to be signed manually or by facsimile by
its duly authorized officers.

	 	 	 	 	 
	Date: 	DIGITALGLOBE, INC.

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 

2

 

	 	 	 	 	 

(Form of Trustee’s Certificate of Authentication)

     This is one of the 10.50% Senior Secured Notes Due 2014 described in the Indenture referred to
in this Note.

	 	 	 	 	 
	 	U.S. BANK NATIONAL ASSOCIATION, as

Trustee

 	 
	 	By:  	 	 
	 	 	Authorized Signatory 	 
	 	 	 	 

3

 

	 	 	 	 	 

[REVERSE SIDE OF NOTE]

DIGITALGLOBAL, INC.

10.50% Senior Secured Note Due 2014

1. Principal and Interest.

     The Company promises to pay the principal of this Note on May 1, 2014.

     The Company promises to pay interest on the principal amount of this Note on each interest
payment date, as set forth on the face of this Note, at the rate of 10.50% per annum (subject to
adjustment as provided below).

     Interest will be payable semiannually (to the holders of record of the Notes at the close of
business on the April 15 or October 15 immediately preceding the interest payment date) on each
interest payment date, commencing November 1, 2009.

     Interest on this Note will accrue from the most recent date to which interest has been paid on
this Note or the Note surrendered in exchange for this Note (or, if there is no existing default in
the payment of interest and if this Note is authenticated between a regular record date and the
next interest payment date, from such interest payment date) or, if no interest has been paid, from
the Issue Date. Interest will be computed in the basis of a 360-day year of twelve 30-day months.

     The Company will pay interest on overdue principal, premium, if any, and interest at 2% per
annum higher than the rate borne by this Note. Interest not paid when due and any interest on
principal, premium or interest not paid when due will be paid to the Persons that are Holders on a
special record date, which will be the 15th day preceding the date fixed by the Company for the
payment of such interest, whether or not such day is a Business Day. At least 15 days before a
special record date, the Company will send to each Holder and to the Trustee a notice that sets
forth the special record date, the payment date and the amount of interest to be paid.

2. Indentures; Note Guarantee.

     This is one of the Notes issued under an Indenture dated as of April 28, 2009 (as amended from
time to time, the “Indenture”), among the Company, the Guarantors party thereto and U.S. Bank
National Association, as Trustee. Capitalized terms used herein are used as defined in the
Indenture unless otherwise indicated. The terms of the Notes include those stated in the Indenture
and those made part of the Indenture by reference to the Trust Indenture Act. The Notes are
subject to all such terms, and Holders are referred to the Indenture and the Trust Indenture Act
for a statement of all such terms. To the extent permitted by applicable law, in the event of any
inconsistency between the terms of this Note and the terms of the Indenture, the terms of the
Indenture will control.

     The Notes are secured obligations of the Company. The Indenture limits the original aggregate
principal amount of the Notes to $355,000,000, but Additional Notes may be issued

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pursuant to the Indenture, and the originally issued Notes and all such Additional Notes vote
together for all purposes as a single class.

3. Redemption and Repurchase; Discharge Prior to Redemption or Maturity.

     This Note is subject to optional redemption, and may be the subject of an Offer to Purchase,
as further described in the Indenture. There is no sinking fund or mandatory redemption applicable
to this Note.

     If the Company deposits with the Trustee money or U.S. Government Obligations sufficient to
pay the then outstanding principal of, premium, if any, and accrued interest on the Notes to
redemption or maturity, the Company may in certain circumstances be discharged from the Indenture
and the Notes or may be discharged from certain of its obligations under certain provisions of the
Indenture.

4. Registered Form; Denominations; Transfer; Exchange.

     The Notes are in registered form without coupons in denominations of $1,000 principal amount
and any multiple of $1,000 in excess thereof. A Holder may register the transfer or exchange of
Notes in accordance with the Indenture. The Trustee may require a Holder to furnish appropriate
endorsements and transfer documents and to pay any taxes and fees required by law or permitted by
the Indenture. Pursuant to the Indenture, there are certain periods during which the Trustee will
not be required to issue, register the transfer of or exchange any Note or certain portions of a
Note.

5. Defaults and Remedies.

     If an Event of Default, as defined in the Indenture, occurs and is continuing, the Trustee or
the Holders of at least 25% in principal amount of the Notes may declare all the Notes to be due
and payable. If a bankruptcy or insolvency default with respect to the Company occurs and is
continuing, the Notes automatically become due and payable. Holders may not enforce the Indenture
or the Notes except as provided in the Indenture. The Trustee may require indemnity satisfactory
to it before it enforces the Indenture or the Notes. Subject to certain limitations, Holders of a
majority in principal amount of the Notes then outstanding may direct the Trustee in its exercise
of remedies.

6. Amendment and Waiver.

     Subject to certain exceptions, the Indenture and the Notes may be amended, or default may be
waived, with the consent of the Holders of a majority in principal amount of the outstanding Notes.
Without notice to or the consent of any Holder, the Company and the Trustee may amend or
supplement the Indenture or the Notes to, among other things, cure any ambiguity, defect or
inconsistency if such amendment or supplement does not adversely affect the interests of the
Holders in any material respect.

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7. Authentication.

     This Note is not valid until the Trustee (or Authenticating Agent) signs the certificate of
authentication on the other side of this Note.

8. Governing Law.

     This Note shall be governed by, and construed in accordance with, the laws of the State of New
York.

9. Abbreviations.

     Customary abbreviations may be used in the name of a Holder or an assignee, such as: TEN COM
(= tenants in common), TEN ENT (= tenants by the entireties), JT TEN (= joint tenants with right of
survivorship and not as tenants in common), CUST (= Custodian) and U/G/M/A/ (= Uniform Gifts to
Minors Act).

     The Company will furnish a copy of the Indenture to any Holder upon written request and
without charge.

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[FORM OF TRANSFER NOTICE]

     FOR VALUE RECEIVED the undersigned registered holder hereby sell(s), assign(s) and transfer(s)
unto

Insert Taxpayer Identification No.

      

      

Please print or typewrite name and address including zip code of assignee

      

the within Note and all rights thereunder, hereby irrevocably constituting and appointing

      

attorney to transfer said Note on the books of the Company with full power of substitution in
the premises.

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[THE FOLLOWING PROVISION TO BE INCLUDED ON ALL CERTIFICATES BEARING A RESTRICTED LEGEND]

     In connection with any transfer of this Note occurring prior to May 1, 2010, the undersigned
confirms that such transfer is made without utilizing any general solicitation or general
advertising and further as follows:

Check One

o (1) This Note is being transferred to the Company or any of its Subsidiaries.

o (2) This Note is being transferred to a “qualified institutional buyer” in compliance with
Rule 144A under the Securities Act of 1933, as amended and certification in the form of Exhibit F
to the Indenture is being furnished herewith.

o (3) This Note is being transferred to a Non-U.S. Person in compliance with the exemption from
registration under the Securities Act of 1933, as amended, provided by Regulation S thereunder, and
certification in the form of Exhibit E to the Indenture is being furnished herewith.

or

o (4) This Note is being transferred other than in accordance with (1), (2) or (3) above and
documents are being furnished which comply with the conditions of transfer set forth in this Note
and the Indenture.

     If none of the foregoing boxes is checked, the Trustee is not obligated to register this Note
in the name of any Person other than the Holder hereof unless and until the conditions to any such
transfer of registration set forth herein and in the Indenture have been satisfied.

Date:                                                             

	 	 	 	 	 
	 	 	 
	 	 	 
	 	Seller 	 
	 	 	 	 
	 
	 	 	 
	 	By  	 	 
	 	 	 	 
	 	 	 	 
	 

	 	 	 

	 

	 	NOTICE: The signature to this assignment must correspond with the
name as written upon the face of the within-mentioned instrument
in every particular, without alteration or any change whatsoever.

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	Signature Guarantee:5
	 	 
 	 	 
	 
	 	 	 	 	 
	 

	 	By
	 	 
 

	 	 
	 	 	To be executed by an executive officer

 

			
	5 	 	Signatures must be guaranteed by an “eligible
guarantor institution” meeting the requirements of the Registrar, which
requirements include membership or participation in the Securities Transfer
Association Medallion Program (“STAMP”) or such other “signature guarantee
program” as may be determined by the Registrar in addition to, or in
substitution for, STAMP, all in accordance with the Securities Exchange Act of
1934, as amended.

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OPTION OF HOLDER TO ELECT PURCHASE

     If you wish to have all of this Note purchased by the Company pursuant to Error! Reference
source not found., Error! Reference source not found. or Error! Reference source not found. of the
Indenture, check the box: 9

     If you wish to have a portion of this Note purchased by the Company pursuant to Error!
Reference source not found., Error! Reference source not found. or Error! Reference source not
found. of the Indenture, state the amount (in original principal amount) below:

          $                                                            .

Date:                                        

Your Signature:                                                                     
           

(Sign exactly as your name appears on the other side of this Note)

Signature Guarantee:1                                                                                

 

			
	1 	 	Signatures must be guaranteed by an “eligible
guarantor institution” meeting the requirements of the Trustee, which
requirements include membership or participation in the Securities Transfer
Association Medallion Program (“STAMP”) or such other “signature guarantee
program” as may be determined by the Trustee in addition to, or in substitution
for, STAMP, all in accordance with the Securities Exchange Act of 1934, as
amended.

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SCHEDULE OF EXCHANGES OF NOTES

The following exchanges of a part of this Global Note for Physical Notes or a part of another
Global Note have been made:

	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	Principal amount of	 	 
	 	 	 	 	 	 	this Global Note	 	 
	 	 	Amount of decrease	 	Amount of increase	 	following such	 	Signature of
	 	 	in principal amount	 	in principal amount	 	decrease (or	 	authorized officer of
	Date of Exchange	 	of this Global Note	 	of this Global Note	 	increase)	 	Trustee
	 
	 	 
	 	 
	 	 
	 	 

11exv10w21

Exhibit 10.21

DigitalGlobe, Inc.

2010 EMPLOYEE SUCCESS SHARING PLAN

PART I. PLAN DESCRIPTION

A. THE PLAN

1) Purpose and Objectives. This document sets forth the DigitalGlobe,
Inc. 2010 Employee Success Sharing Plan (the “Plan”) for eligible, non-commissionable
employees up through the Non-Executive Management Member levels (as defined in Section
I.B.7.c below). A key component of the business strategy of DigitalGlobe, Inc. (the
“Company”) is to provide incentives to attract and retain outstanding employees. The
Plan is designed to recognize overall Company success, departmental and team
contributions, as well as to reward individual contributions.

2) Participant Eligibility. An employee shall be eligible to
participate in this Plan (and thus be a “Participant”) if the Company classifies the
individual as (i) having been employed with the Company on or before October 1, 2010 as
a regular full-time or regular part-time non-commissionable employee up through the
Non-Executive Management Member level; and as (ii) continuously employed thereafter by
the Company through the bonus payment date and as not having given notice of intent to
terminate employment before the bonus payment date. Any employee who terminates
employment with the Company or provides notice of intent to do so before bonus payments
are made is not eligible to receive a bonus under the Plan.

     (a) Employees Hired or Promoted During 2010 Plan Year. Employees who are
hired into a Plan-eligible position between January 1, 2010 and October 1, 2010 will
be eligible for a bonus under this Plan. Employees hired to an otherwise
Plan-eligible position after October 1, 2010 are not eligible to participate in the
Plan. A Participant who is promoted to a bonus-eligible role (or who continues in a
bonus-eligible role following such promotion) between the beginning of the 2010 Plan
Year and October 1, 2010 will be (or will continue to be) eligible for a bonus
hereunder. For employees hired or promoted into bonus-eligible positions after
January 1, 2010, the Company may in its discretion take into account the fact that
they were employed in a bonus-eligible position only for part of 2010 in determining
the amount of any such bonus awarded, if any (without in any way limiting the
Company’s discretion to consider any other additional or different factor(s) in any
given instance).

     (b) Change in Employment Status. In certain situations, employment
status may change mid-year from an otherwise eligible position to a non-eligible
position (such as a change in employment classification, leaves of absence, change to
eligibility under another bonus plan, or otherwise). Under these circumstances, the
employee will be eligible for a prorated bonus, prorated for the period of their Plan
participation during 2010, subject to the other conditions hereunder (including,
without limitation, those specified in the last sentence of the introductory language
of this Section I.A.2).

3) Participant Ineligibility. No employee shall be eligible to
receive a bonus under the Plan if (i) he or she is employed on a temporary basis, is not
classified by the Company as an employee

 

 

in its payroll records, is employed in a commissionable position (for example, as a
commissioned sales representative), is not employed in good standing by the Company on
the bonus payment date, or otherwise does not satisfy all of the foregoing eligibility
requirements to be a Plan Participant; (ii) he or she has competed with the Company’s
business during employment with the Company or made plans to compete with such business
following termination of employment; or (iii) he or she has breached any agreement with
or other obligation to the Company or any Company policy.

4) Plan Termination or Amendment. The Plan will be in effect from
January 1, 2010 through December 31, 2010, or such earlier date as the Plan may be
terminated in the sole discretion of the Company (the “2010 Plan Year”). No notice of
Plan termination is necessary. The Company also reserves the right to implement a new
incentive bonus plan or renew this Plan for future periods. Any such action shall be
approved by the Compensation Committee of the Board of Directors of the Company (the
“Compensation Committee”). The Company reserves the right to amend or discontinue this
Plan at any time. The Plan may only be amended by resolution duly adopted by the
Compensation Committee. Participation in this Plan is not a guarantee of receipt of any
bonus hereunder, or of participation in future Company incentive plans.

5) Discretionary Adjustments. The provisions of Section B below of
this Part I are guidelines only. Notwithstanding those sections or any other provisions
of this Plan, any bonus and Bonus Pool (as defined below) parameters, awards, payment
amounts or other bonus-related provisions (except for the deadline of March 15, 2011 for
bonus payments, if any) may be modified at any time, in whole or in part, in the
Company’s discretion (including without limitation by terminating or reducing any Bonus
Pool or bonus payments otherwise payable under the Plan or by changing bonus
parameters), subject to the approval of the Compensation Committee.

B. CASH BONUS

1) Bonus Pool. The Compensation Committee or its delegate may establish one or
more performance targets under the Plan. For 2010, if the Company achieves or exceeds
its A-EBITDA target, the Company anticipates that Participants generally will become
eligible to receive a cash bonus from a bonus pool to be designated in that event by the
Company in its discretion (the “Bonus Pool”), subject to the terms and conditions of
this Plan. The size of any such Bonus Pool created will be determined by the Company in
its discretion, subject to the approval of the Compensation Committee. If the Company
does not achieve this target, the Company will determine in its discretion whether to
establish a Bonus Pool for the 2010 Plan Year and, if so, the size of any such Bonus
Pool, again subject to the approval of the Compensation Committee.

2) Bonus Award Discretionary Criteria. If a Bonus Pool is established for the
2010 Plan Year, the Company will determine in its discretion whether to pay a bonus from
the Bonus Pool to a given Participant, and if so, the amount of any such bonus. While
the factors to be used in making these determinations are and will remain discretionary,
the Company anticipates that factors used in determining any given Participant’s bonus,
if any, from the Bonus Pool generally will include (but are not required to include)
that Participant’s individual performance, responsibility level and value to the
organization as determined by Company management in its discretion, and such other
criteria as determined by Company management in its discretion. The Company reserves
the right to use any additional or different factor(s) as it deems appropriate in

2

 

determining bonus eligibility and, as applicable, the bonus amount for a given
Participant. The Company also may pay out less than the full Bonus Pool if it so
chooses.

3) Performance Committees. Bonus recommendations for individual Participants
generally will be made by committees of management employees (“Performance Committees”),
taking into account the factor(s) determined pursuant to Section I.B.2 above. The
Performance Committees may have other responsibilities in addition to their
responsibilities hereunder. Bonus recommendations for Participants who are
Non-Executive Management Members (other than Senior Managers) generally will be made by
a Performance Committee of members of the Senior Management Team or their designates.
Bonus recommendations for Participants below the Director level generally will be made
by a Performance Committee of Company employees at the Vice President, Senior Director
and/or Director levels. The size and composition of these Performance Committees will
be determined in the Company’s discretion and are subject to change from time to time.
It is anticipated that the Performance Committees will make bonus recommendations for
Participants, as applicable, at or following the end of the 2010 Plan Year to the Senior
Management Team and Chief Executive Officer, who will review and then approve,
disapprove and/or modify any such recommendations as they deem appropriate in their
judgment.

4) Participant Performance Ratings. In order to assist the Performance
Committees in determining whether to recommend a bonus for a given Participant and, if
so, the amount of his or her recommended bonus, each Performance Committee typically
will assign a rating (e.g., “1,” “2” or “3,” potentially with intermediate ratings
between these levels if the Company so chooses) to each of the Participants for which it
is responsible, and the Company reserves the right to utilize additional or different
ratings in its discretion. These ratings generally are intended to gauge relative
individual performance across Participants for bonus determination purposes.

The Performance Committees may rely on such information as they deem appropriate in
their discretion to make the foregoing rating determinations for each Participant,
including for example (and without limitation) the experiences of members of the
Performance Committees in working with a given Participant and input received from a
Participant’s supervisor(s). The Company may provide the Performance Committees with
rating forms from time to time to aid them, and/or others from whom the Performance
Committees may solicit input, in making rating determinations for Participants. The
overall rating ultimately assigned to a given Participant by a Performance Committee is
not necessarily a formulaic or mathematical result (such as an average) derived from the
component ratings or other information received from those providing input with respect
to that Participant. Rather, the overall rating for a Participant represents the
judgment of the Performance Committee after assessing and weighing the various
information and other factors deemed pertinent by the Performance Committee.

5) Bonus Award Determinations. The assignment of a particular rating to a
Participant does not dictate, require or create any expectation that such Participant
will receive a bonus in any amount or range, or any bonus at all. The Company presently
anticipates that, as a general matter (and without limitation), Participants who receive
a higher-performance-range rating typically are eligible to receive a bonus that in the
Company’s judgment appropriately recognizes their superior performance and value to the
organization; Participants who receive a mid-performance-range rating typically are
eligible to receive a bonus in some amount; and Participants who receive a
lower-performance-range rating typically will not receive a bonus.

3

 

Nevertheless, the Company may deviate from these general guidelines as it deems
appropriate in its discretion with respect to any given Participant(s), including
without limitation in the event that it uses additional or different ratings in its
discretion. The Company at all times retains the discretion to determine whether to pay
a bonus from the Bonus Pool to a given Participant, and if so, the amount of any such
bonus.

6) Bonus Payment. Any bonus that becomes payable under this Plan to a
Participant will be paid no later than March 15, 2011 for the 2010 Plan Year.

7) Definitions.

     (a) “A-EBITDA” means Net Income or Loss adjusted for depreciation and amortization,
net interest income or expense, income tax expense (benefit), loss on disposal of
assets, restructuring, loss on early extinguishment of debt, bonus expense and non-cash
stock compensation expense; as such calculation may be adjusted in the Company’s
discretion.

     (b) “Net Income or Loss” means the consolidated net income or net loss of the
Company and its subsidiaries for calendar year 2010 as determined by the Company in
accordance with Generally Accepted Accounting Principles.

     (c) “Non-Executive Management Member” means a non-commissionable employee
classified as a Senior Manager, Director, Senior Director or nonexecutive functional
Vice President.

PART II. MISCELLANEOUS

A. PLAN ADMINISTRATION

The Compensation Committee is responsible for the administration and management of the Plan
and shall have all powers and duties necessary to fulfill its responsibilities including, but
not limited to, the discretion to interpret and apply the Plan and to determine all questions
relating to eligibility for benefits. The Compensation Committee may in its discretion, at
any time and from time to time, delegate any and all of its authority and responsibilities
under the Plan to such person(s) or committee(s) as the Compensation Committee may designate,
and may terminate or change any such delegation made, in whole or in part, at any time and
from time to time. The Compensation Committee and its delegates shall have the discretion to
interpret or construe ambiguous, unclear, or implied (but omitted) terms in any fashion they
deem to be appropriate in their sole and absolute discretion, and to make any findings of
fact needed in the administration of the Plan. All determinations of the Compensation
Committee or its delegate shall be binding on all persons if taken in good faith.

B. ENTIRE STATEMENT

The Plan, including all documentation referred to herein, is a complete and exclusive
statement of the Plan’s terms. This Plan supersedes all prior communications, oral or
written, concerning this subject matter. Any provision of the Plan that is prohibited or
unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective only to the
extent of such prohibition or unenforceability without

4

 

invalidating the remaining provisions hereof, and any such prohibition or unenforceability in
any jurisdiction shall not invalidate or render unenforceable such provision in any other
jurisdiction.

C. NO EMPLOYMENT AGREEMENT

This Plan is not to be construed as an employment agreement and in no way limits the right of
the Company to terminate the employment of any Participant at any time, with or without cause
or advance notice. Each Participant’s employment with the Company is, and continues to be,
“at-will” with either party having the right to terminate the employment relationship at any
time, with or without cause or advance notice. By participating in the Plan, each
Participant acknowledges his or her at-will employment status and that such at-will status
only may be changed by a written agreement signed by the Participant and the Company’s CEO.
Except to the extent governed by federal law, the Plan is governed by the laws of the State
of Colorado, excluding choice of law principles.

D. ISSUE RESOLUTION

In the event that there is a dispute between the Company and a Participant arising under
or relating to this Plan, including but not limited to any dispute over any compensation
alleged to be due, further including, but not limited to, disputes concerning the
Participant’s bonus or long-term incentive award (or lack thereof), the Participant will
promptly bring such dispute to the attention of the Company’s General Counsel or VP Human
Resources. The Participant and the Company shall use their commercially reasonable efforts
to resolve any such dispute on an informal basis. In the event the dispute cannot be
resolved informally, the Participant and the Company agree to resolve the dispute exclusively
through binding arbitration in Longmont, Colorado (or in such other place to which the
parties agree) before a single arbitrator in accordance with the JAMS Employment Arbitration
Rules and Procedures (as in effect or amended from time to time), except as set forth below,
and in accordance with the laws of the State of Colorado. Each party will pay their own
costs associated with such arbitration, including, but not limited to, cost of legal counsel.
The arbitrator shall have no power to modify the provisions of this Plan, or to make an
award or impose a remedy that is not available to a court of general jurisdiction sitting in
Denver, Colorado or that was not requested by a party to the dispute, and the jurisdiction of
the arbitrator is limited accordingly. The arbitrator’s decision or award shall be final and
binding, and judgment thereupon may be entered in any Colorado or other court having
jurisdiction thereof. Notwithstanding the foregoing: (i) either party may in such party’s
respective discretion seek temporary or preliminary injunctive relief in any court of
competent jurisdiction in order to preserve the status quo or avoid irreparable harm pending
arbitration; and (ii) if and to the extent required by Section 8116 of the 2010 Department of
Defense Appropriations Act, Pub. L. No. 111-118, 123 Stat. 2409 (2009), the provisions of
this Section II.D shall not apply to or be enforced by the Company with respect to any claim
by a Participant under Title VII of the Civil Rights Act of 1964, as amended, or any tort
claim by a Participant related to or arising out of sexual assault or harassment, including
all such claims for assault and battery, intentional infliction of emotional distress, false
imprisonment, or negligent hiring, supervision, or retention.

E. TAX WITHHOLDING

The Company may withhold from any payments made under this Plan all applicable taxes and
other withholdings including, but not limited to, Federal, state and local income, employment
and social insurance taxes, as it determines are required or permitted by law. All amounts
paid to Participants under this Plan will be treated as compensation, and each Participant
agrees to such treatment by

5

 

accepting a payment under the Plan. The Company cannot guarantee the tax treatment of any
payments under the Plan and each Participant agrees that he or she, and not the Company,
shall be liable for any excise taxes, penalties, or interest imposed on the Participant.

F. SECTION 409A

This Plan is not intended to provide “nonqualified deferred compensation” within the meaning
of Section 409A of the Internal Revenue Code of 1986, as amended (“Section 409A”), and shall
be administered and interpreted in accordance with such intent. The payment(s), if any, to
any Participant are intended to be exempt from Section 409A to the maximum extent possible as
short-term deferrals pursuant to Treasury regulation section 1.409A-1(b)(4). Notwithstanding
the foregoing, under no circumstances shall the Company be responsible for any taxes,
penalties, interest or other losses or expenses incurred by a Participant due to any
noncompliance with Section 409A.

G. SOURCE OF PLAN ASSETS

The Plan shall be unfunded. Payments under the Plan shall be made from the general
assets of the Company. To the extent any Participants have any right to payments under the
Plan, such Participants shall be general unsecured creditors of the Company. No Participant
shall have any right, title, claim or interest in or with respect to any specific assets of
the Company or any of its affiliates in connection with the Participant’s participation in
the Plan.

6

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