Document:

EX-10.2

Exhibit 10.2

PERFORMANCE SHARE AGREEMENT

pursuant to the

CHESAPEAKE UTILITIES CORPORATION

PERFORMANCE INCENTIVE PLAN

On       , 20       (the “Grant Date”), Chesapeake Utilities Corporation, a Delaware corporation
(the “Company”), has granted to        (the “Grantee”), who resides at       ,
a Performance Share Award on the terms and subject to the conditions of this Performance Share
Agreement.

Recitals

WHEREAS, the Chesapeake Utilities Corporation Performance Incentive Plan (the “Plan”) has been duly
adopted by action of the Company’s Board of Directors (the “Board”) on February 24, 2005, and
approved by the Shareholders of the Company at a meeting held on May 5, 2005; and

WHEREAS, the Plan is effective January 1, 2006; and

WHEREAS, the Committee of the Board of Directors of the Company referred to in the Plan (the
“Committee”) has determined that it is in the best interests of the Company to grant the
Performance Share Award described herein pursuant to the Plan; and

WHEREAS, the shares of the Common Stock of the Company (“Shares”) that are subject to this
Agreement, when added to the other shares of Common Stock that are subject to awards granted under
the Plan, do not exceed the total number of shares of Common Stock with respect to which awards are
authorized to be granted under the Plan.

Agreement

It is hereby covenanted and agreed by and between the Company and the Grantee as follows:

Section 1. Performance Share Award and Performance Period

The Company hereby grants to the Grantee a Performance Share Award as of the Grant Date. As more
fully described herein, the Grantee may earn up to        Shares upon the Company’s achievement of
the performance criteria set forth in Section 2 (the “Performance Shares”) over the performance
period from January 1,        to December 31,        (the “Performance Period”). This Award has been
granted pursuant to the Plan; capitalized terms used in this agreement which are not specifically
defined herein shall have the meanings ascribed to such terms in the Plan.

Section 2. Performance Criteria and Terms of Share Award

(a) The Committee selected and established in writing performance criteria for the Performance
Period, which, if met, may entitle the Grantee to some or all of the Performance Shares under this
Award. If this Award is intended by the Committee to comply with the exception from Code Section
162(m) for qualified performance-based compensation for Grantees who are “Covered Employees” as
defined in Code Section 162(m), the performance criteria established shall be based on one or more
Performance Goals selected by the Committee in writing within 90 days following the first day of
the Performance Period (or, if earlier, before 25% of that period has elapsed), and at a time when
the outcome relative to the attainment of the performance criteria is not substantially certain.
As soon as practicable after the Company’s independent auditors have certified the Company’s
financial statements for each fiscal year of the Company in the Performance Period, the Committee
shall determine for purposes of this Agreement the Company’s (1) total shareholder return, defined
as the cumulative total return to shareholders (“Shareholder Value”), (2) growth in long-term
earnings, defined as the growth in total capital expenditures as a percentage of total
capitalization (“Growth”) and (3) earnings performance, defined as average return on equity
(“RoE”), in accordance with procedures established by the Committee. The Shareholder Value, Growth
and RoE (each a “Performance Metric” and collectively, the “Performance Metrics”) shall be
determined by the Committee in accordance with the terms of the Plan and this Agreement based on
financial results reported to shareholders in the Company’s annual reports and shall be subject to
adjustment by the Committee for extraordinary events during the Performance Period, as applicable.
Both the Shareholder Value and the Growth Performance Metrics will be compared to the performance
of the following companies: AGL Resources, Inc., Atmos Energy Corp., Delta Natural Gas Company,
Inc., Laclede Group, Inc., New Jersey Resources Corp., Northwest Natural Gas Company, Piedmont
Natural Gas Company, Inc., RGC Resources, Inc., South Jersey Industries, Inc. and WGL Holdings,
Inc. (collectively referred to as the “Peer Group”) for the Performance Period and Awards will be
determined according to the schedule in subsection (b) below. For the average RoE Performance
Metric, the Company’s performance will be compared to pre-determined RoE thresholds established by
the Committee. The Shareholder Value Metric will be based upon a beginning and ending 60-day
moving average of stock prices for the Company and the companies in the Peer Group for the
Performance Period. At the end of the Performance Period, the Committee shall certify in writing
the extent to which the Performance Goals were met during the Performance Period for Awards for
Covered Employees. If the Performance Goals for the Performance Period are met, Covered Employees
shall be entitled to the Award, subject to the Committee’s exercise of discretion to reduce any
Award to a Covered Employee based on business objectives established for that Covered Employee or
other factors as determined by the Committee in its sole discretion. The Committee shall promptly
notify the Grantee of its determination.

(b) The Grantee may earn        percent or more of the target award of        Performance Shares
(the “Target Award”) up to a maximum number of Performance Shares set forth in Section 1 above (the
“Maximum Award”) based upon achievement of threshold and target levels of performance against the
Performance Metrics established for the Performance Period. The Committee shall confirm the level
of Award attained for the Performance Period after the Company’s independent auditors have
certified the Company’s financial statements for each fiscal year of the Company in the Performance
Period.

(c) Once established, the performance criteria identified above normally shall not be changed
during the Performance Period. However, if the Committee determines that external changes or other
unanticipated business conditions have materially affected the fairness of the goals, or that a
change in the business, operations, corporate structure or capital structure of the Company, or the
manner in which it conducts its business, or acquisitions or divestitures of subsidiaries or
business units, or other events or circumstances materially affect the performance criteria or
render the performance criteria unsuitable, then the Committee may approve appropriate adjustments
to the performance criteria (either up or down) during the Performance Period. Notwithstanding the
foregoing, no changes shall be made to an Award intended to satisfy the requirements of Code
Section 162(m) if such changes would affect the qualification of the Award as performance-based
compensation within the meaning of Code Section 162(m).

(d) Performance Shares that are earned by the Grantee pursuant to this Section 2 shall be
issued promptly, without payment of consideration by the Grantee, within 2 1/2 months of the end of
the Performance Period. The Grantee shall have the right to vote the Performance Shares and to
receive the dividends distributable with respect to such Shares on and after, but not before, the
date on which the Grantee is recorded on the Company’s ledger as holder of record of the
Performance Shares (the “Issue Date”). If, however, the Grantee receives Shares as part of any
dividend or other distribution with respect to the Performance Shares, such Shares shall be treated
as if they are Performance Shares, and such Shares shall be subject to all of the terms and
conditions imposed by this Section 2. Notwithstanding the foregoing, the Grantee shall be entitled
to receive an amount in cash, equivalent to the dividends that would have been paid on the awarded
Performance Shares from the Grant Date to the Issue Date for those Performance Shares actually
earned by the Grantee during the applicable Performance Period. Such dividend equivalents shall be
payable at the time such Performance Shares are issued.

(e) The Performance Shares will not be registered for resale under the Securities Act of 1933
or the laws of any state except when and to the extent determined by the Board pursuant to a
resolution. Until a registration statement is filed and becomes effective, however, transfer of
the Performance Shares shall require the availability of an exemption from such registration, and
prior to the issuance of new certificates, the Company shall be entitled to take such measures as
it deems appropriate (including but not limited to obtaining from the Grantee an investment
representation letter and/or further legending the new certificates) to ensure that the Performance
Shares are not transferred in the absence of such exemption.

(f) In the event of a Change in Control, as defined in the Plan, during the Performance
Period, the Grantee shall earn the Maximum Award of Performance Shares set forth in this Section 2,
as if all performance criteria were satisfied, without any pro ration based on the proportion of
the Performance Period that has expired as of the date of such Change in Control.

(g) If, during the Performance Period, the Grantee is separated from employment, Performance
Shares shall be deemed earned or forfeited as follows:

(1) Upon voluntary termination by the Grantee or termination by the Company for failure
of job performance or other just cause as determined by the Committee, all unearned
Performance Shares shall be forfeited immediately;

(2) If the Grantee separates from employment by reason of death or total and permanent
disability (as determined by the Committee), the number of Performance Shares that would
otherwise have been earned at the end of the Performance Period shall be reduced by pro
rating such Performance Shares based on the proportion of the Performance Period during
which the Grantee was employed by the Company, unless the Committee determines that the
Performance Shares shall not be so reduced;

(3) Upon retirement by the Grantee at age 55 or thereafter, all unearned Performance
Shares shall be forfeited immediately.

(h) The Grantee shall be solely responsible for any federal, state and local taxes of any kind
imposed in connection with the vesting or delivery of the Performance Shares. Prior to the
transfer of any Performance Shares to the Grantee, the Grantee shall remit to the Company an amount
sufficient to satisfy any federal, state, local and other withholding tax requirements. The
Grantee may elect to have all or part of any withholding tax obligation satisfied by having the
Company withhold Shares otherwise deliverable to the Grantee as Performance Shares, unless the
Committee determines otherwise by resolution. If the Grantee fails to make such payments or
election, the Company and its subsidiaries shall, to the extent permitted by law, have the right to
deduct from any payments of any kind otherwise due to the Grantee any taxes required by law to be
withheld with respect to the Performance Shares. In the case of any amounts withheld for taxes
pursuant to this provision in the form of Shares, the amount withheld shall not exceed the minimum
required by applicable law and regulations.

(i) Notwithstanding any other provision of this Agreement, if any payment or distribution (a
“Payment”) by the Company or any other person or entity to or for the benefit of the Grantee is
determined to be an “excess parachute payment” (within the meaning of Code Section 280G(b)(1) or
any successor provision of similar effect), whether paid or payable or distributed or distributable
pursuant to this Agreement or otherwise, then the Grantee’s benefits under this Agreement may,
unless the Grantee elects otherwise pursuant to his employment agreement, be reduced by the amount
necessary so that the Grantee’s total “parachute payment” as defined in Code Section 280G(b)(2)(A)
under this and all other agreements will be $1.00 less than the amount that would be a “parachute
payment”. The payment of any “excess parachute payment” pursuant to this paragraph shall also
comply with the terms of the Grantee’s employment agreement.

Section 3. Additional Conditions to Issuance of Shares

Each transfer of Performance Shares shall be subject to the condition that if at any time the
Committee shall determine, in its sole discretion, that it is necessary or desirable as a condition
of, or in connection with, transfer of Performance Shares (i) to satisfy withholding tax or other
withholding liabilities, (ii) to effect the listing, registration or qualification on any
securities exchange or under any state or federal law of any Shares deliverable in connection with
such exercise, or (iii) to obtain the consent or approval of any regulatory body, then in any such
event such transfer shall not be effective unless such withholding, listing, registration,
qualification, consent or approval shall have been effected or obtained free of any conditions not
acceptable to the Company.

Section 4. Adjustment of Shares

(a) If the Company shall become involved in a merger, consolidation or other reorganization,
whether or not the Company is the surviving corporation, any right to earn Performance Shares shall
be deemed a right to earn or to elect to receive the consideration into which the Shares
represented by the Performance Shares would have been converted under the terms of the merger,
consolidation or other reorganization. If the Company is not the surviving corporation, the
surviving corporation (the “Successor”) shall succeed to the rights and obligations of the Company
under this Agreement.

(b) If any subdivision or combination of Shares or any stock dividend, capital
reorganization or recapitalization occurs after the adoption of the Plan, the Committee shall make
such proportionate adjustments as are appropriate to the number of Performance Shares to be earned
in order to prevent the dilution or enlargement of the rights of the Grantee.

Section 5. No Right to Employment

Nothing contained in this Agreement shall be deemed by implication or otherwise to confer upon the
Grantee any right to continued employment by the Company or any affiliate of the Company.

Section 6. Notice

Any notice to be given hereunder by the Grantee shall be sent by mail addressed to Chesapeake
Utilities Corporation, 909 Silver Lake Boulevard, Dover, Delaware 19904, for the attention of the
Committee, c/o the Corporate Secretary, and any notice by the Company to the Grantee shall be sent
by mail addressed to the Grantee at the address of the Grantee shown on the first page hereof.
Either party may, by notice given to the other in accordance with the provisions of this Section,
change the address to which subsequent notices shall be sent.

Section 7. Beneficiary Designation

Grantee may designate a beneficiary to receive any Performance Shares to which Grantee is entitled
which vest as a result of Grantee’s death. Grantee acknowledges that the Company may exercise all
rights under this Agreement and the Plan against Grantee and Grantee’s estate, heirs, lineal
descendants and personal representatives and shall not be limited to exercising its rights against
Grantee’s beneficiary.

Section 8. Assumption of Risk

It is expressly understood and agreed that the Grantee assumes all risks incident to any change
hereafter in the applicable laws or regulations or incident to any change in the market value of
the Performance Shares.

Section 9. Terms of Plan

This Agreement is entered into pursuant to the Plan (a copy of which has been delivered to the
Grantee). This Agreement is subject to all of the terms and provisions of the Plan, which are
incorporated into this Agreement by reference, and the actions taken by the Committee pursuant to
the Plan. In the event of a conflict between this Agreement and the Plan, the provisions of the
Plan shall govern. All determinations by the Committee shall be in its sole discretion and shall
be binding on the Company and the Grantee.

Section 10. Governing Law; Amendment

This Agreement shall be governed by, and shall be construed and administered in accordance with,
the laws of the State of Delaware (without regard to its choice of law rules) and the requirements
of any applicable federal law. This Agreement may be modified or amended only by a writing signed
by the parties hereto.

1

Section 11. Action by the Committee

The parties agree that the interpretation of this Agreement shall rest exclusively and completely
within the sole discretion of the Committee. The parties agree to be bound by the decisions of the
Committee with regard to the interpretation of this Agreement and with regard to any and all
matters set forth in this Agreement. The Committee may delegate its functions under this Agreement
to an officer of the Company designated by the Committee (hereinafter the “Designee”). In
fulfilling its responsibilities hereunder, the Committee or its Designee may rely upon documents,
written statements of the parties or such other material as the Committee or its Designee deems
appropriate. The parties agree that there is no right to be heard or to appear before the
Committee or its Designee and that any decision of the Committee or its Designee relating to this
Agreement shall be final and binding unless such decision is arbitrary and capricious.

Section 12. Terms of Agreement

This Agreement shall remain in full force and effect and shall be binding on the parties hereto for
so long as any Performance Shares issued to the Grantee under this Agreement continue to be held by
the Grantee.

IN WITNESS WHEREOF, the Company has caused this Agreement to be executed in its corporate name, and
the Grantee has executed the same in evidence of the Grantee’s acceptance hereof, upon the terms
and conditions herein set forth, as of the day and year first above written.

CHESAPEAKE UTILITIES CORPORATION

By:

Its:

Grantee:

2EX-10.1

BROADCOM CORPORATION

RESTRICTED STOCK UNITS INCENTIVE AWARD PROGRAM

(Established [January 18], 2011)

Section I. Purpose

The purpose of the Broadcom Corporation (the “Company”) Restricted Stock Units Incentive
Award Program (the “Program”) is to

	•	 	Focus management efforts on the creation of long-term stockholder value,

	•	 	Sustain consistent profitable growth,

	•	 	Retain senior executives who have delivered sustained performance by delivering significant
capital accumulation opportunities subject to their continuing employment with the Company,
and

	•	 	Encourage strategic decision-making by providing rewards for the long-term achievement of
Company performance goals.

The Program is adopted under the Broadcom Corporation 1998 Stock Incentive Plan, as amended and
restated March 12, 2008 (the “Plan”). The Program sets forth the terms and
conditions for performance-based awards (“Awards”) to be granted to eligible officers under
the Plan. Capitalized terms not otherwise defined herein shall have the meanings assigned to such
terms in the Plan.

Section II. Effective Date and Eligibility Criteria

The Program was established on [January 18], 2011. The Program shall have annual performance
cycles, over which Performance Goals (as defined below) shall be measured. Each performance cycle
shall be the one-year period beginning January 1 of a given year and ending December 31 of such
year (the “Performance Cycle”). The first Performance Cycle under the Program shall be the
one-year period from [January 1, 2010 through December 31, 2010]. The Compensation Committee of
the Board of Directors of the Company (the “Committee”), in its sole discretion, may
authorize subsequent Performance Cycles. Participation in one or more Performance Cycles under
the Program does not assure participation in any other Performance Cycle.

Service providers who are officers of the Company or a Subsidiary whose responsibilities have a
direct and significant impact on Company performance and financial results shall be eligible to
participate in the Program. The Committee shall, by written resolution and at its sole discretion,
select individual officers to participate in the Program (each, a “Participant”) and shall
advise the Participants in writing of their designation as Participants.

A Participant need not be employed by the Company on the first day of a Performance Cycle. If a
Participant becomes eligible to participate in the Program during a Performance Cycle, the
Committee shall determine if such Participant shall be eligible to participate in such Performance
Cycle and whether or not an Award shall be prorated for such period from the Participant’s date of
hire or the date of such designation to participate in the Program, if later.

Section III. Awards and Award Calculation

A Participant shall have the opportunity to earn Awards under the Program based on the achievement
of long-term Company performance.

1. Generally

Awards shall be made annually by the Committee and shall be communicated to each Participant
pursuant to an award letter setting forth the Performance Goals (as defined below) for a given
Performance Cycle and the maximum number of restricted stock units (“Performance RSU
Grant”) that the Participant is eligible to receive if the Committee determines that such
Performance Goals are met or exceeded during the Performance Cycle, measured in the calendar year
immediately following the end of the Performance Cycle. Such calendar year and each of the two
calendar years immediately thereafter, referred to as the “Retention Period”. All
Performance RSU Grants shall be evidenced by an agreement between the Company and the Participant
in a form approved by the Committee (the “RSU Agreement”).

2. Performance Goals

“Performance Goals” are defined as objectively determinable performance objectives
established by the Committee in resolutions and communicated in writing to Participants and may be
based upon one or more of the following business criteria as established by the Committee: sales
growth; operating profitability; operating income; EBITDA; earnings; EPS; cash flow; market share;
sales; revenue; profits before interest and taxes; expenses; cost of goods sold; profit margin;
working capital; return on capital; equity or assets; economic value added; stock price; P/E ratio;
or other objectively determinable business metrics appropriate in the judgment of the Committee;
provided, however, that for purposes of items above, the Committee may, at the time the Awards are
made, specify certain adjustments to such items as reported in accordance with generally accepted
accounting principles in the U.S. (“GAAP”), which will exclude from the calculation of
those Performance Goals one or more of the following: certain charges related to acquisitions,
stock-based compensation, employer payroll tax expense on certain stock option exercises,
settlement costs, restructuring costs, gains or losses on strategic investments, non-operating
gains or losses, certain other non-cash charges, valuation allowance on deferred tax assets, and
the related income tax effects, purchases of property and equipment, and any extraordinary non-
recurring items as described in Accounting Principles Board Opinion No. 30, provided that such
adjustments are in conformity with those reported by the Company on a non-GAAP basis. In addition,
such Performance Goals may be based upon the attainment of specified levels of the Company’s
performance under one or more of the measures described above relative to the performance of other
entities and may also be based on the performance of any of the Company’s business groups or
divisions thereof or any Parent or Subsidiary. Performance Goals may include a minimum threshold
level of performance below which no award will be earned, levels of performance at which specified
portions of an award will be earned, and a maximum level of performance at which an award will be
fully earned. The Committee may provide that, if the actual level of attainment for any performance
objective is between two specified levels, the amount of the award attributable to that performance
objective shall be interpolated on a straight-line basis.

For purposes of Awards that are intended to be “qualified performance-based compensation”
within the meaning of Section 162(m)(4)(C) of the Internal Revenue Code of 1986, as amended
(“Code”) (“QPBC”), the Performance Goals shall be adopted for each Performance
Cycle by the Committee no later than the latest time permitted by Section 162(m) of the Code
(“Section 162(m)”) (generally, no later than 90 days after the commencement of the
Performance Cycle) and while the performance relating to the Performance Goals remain substantially
uncertain within the meaning of Section 162(m). The Awards for the 2010 Performance Cycle are not
intended to be QPBC.

3. Performance RSU Grant Calculation

Participants must meet or exceed Performance Goals during the Performance Cycle in order to receive
Performance RSU Grants. Upon attaining or exceeding the Performance Goals in a Performance Cycle,
Participant shall be eligible to receive, in the year immediately following the end of the
Performance Cycle, subject to the Participant’s continued employment with the Company, a
Performance RSU Grant, the maximum value of which shall be determined by the Committee in its sole
discretion no later than the latest time permitted by Section 162(m) (the “Maximum Award Dollar
Amount”). In determining the Maximum Award Dollar Amount and the actual target amount, the
Committee will review the analysis and market data provided by the Company’s independent
compensation consultant.

Notwithstanding anything to the contrary in the Program, the Committee may reduce (including to
zero) the Maximum Award Dollar Amount and/or number of shares of the Company’s Class A Common Stock
(the “Common Stock”) subject to a Performance RSU Grant below the amount or number of
shares, as applicable, determined pursuant to the achievement of Performance Goals, in its sole
discretion.

The same number of Performance RSU Grant shares as granted in the year immediately following the
end of the Performance Cycle, if any, shall be granted in each of the two years thereafter, subject
to the Participant’s continued employment with the Company through each of the grant dates (after
the Committee determines the number of shares to be awarded to a Participant, in its sole
discretion, such number of shares may not be unilaterally reduced by the Committee, without written
consent from the affected Participant).

For example, upon the attainment of the Performance Goals for a Performance Cycle, Performance RSU
Grants shall be made in each of the following three years, as shown in the table below, subject to
the Participant’s continued employment with the Company.

	 	 	 
	Performance Goals Achieved in Year 0	 	Performance RSU Grants
	Year 1
	 	Performance RSU Grant for X number of

shares of Common Stock, as determined

by the Committee, in its sole

discretion

	 
	 	 

	Year 2
	 	Same number of Performance RSU Grant

shares as granted in Year 1 for the

Performance Goals achieved in Year 0

	 
	 	 

	Year 3
	 	Same number of Performance RSU Grant

shares as granted in Year 1 for the

Performance Goals achieved in Year 0

	 
	 	 

Due to the one-year Performance Cycles and three-year Retention Periods, in the event that
Performance Goals are achieved in consecutive years, Participants have the opportunity to earn
multiple Performance RSU Grants in a given fiscal year, subject to Participant’s continued
participation in the Program.

Performance RSU Grants shall vest quarterly over a four-year period of continued employment with
the Company (or a Subsidiary), measured from the vesting start date as set forth in the RSU
Agreement for each such Performance RSU Grant. Performance RSU Grants shall entitle the
Participant to receive one share of Common Stock at the time a unit vests.

Section IV. Award Payment Timing

Performance RSU Grants, if granted, in the Committee’s sole discretion, shall be paid in shares of
Common Stock as soon as practicable after they vest, and in no event later than the fifteenth
(15th) day of the third (3rd) month after the calendar year in which they
vest.

For purposes of Awards that are intended to be QPBC, no Awards shall be paid to Participants unless
and until the Committee shall make a certification in writing with respect to the attainment of the
Performance Goals as required by Section 162(m), and the Committee may in its sole discretion
reduce an Award to a Participant, however, the Committee shall have no discretion to increase the
amount of any such Award, as determined under the objectively determinable formulas.

The maximum Award to a Participant under the Program shall not exceed 9,000,000 shares of Common
Stock with respect to any Performance Cycle.

A Participant must be in continuous employment with the Company (or a Subsidiary) through the grant
date and subsequent vesting dates of such Awards and Performance RSU Grants. All Performance RSU
Grants shall be evidenced by an RSU Agreement, which may provide for acceleration of vesting under
specific circumstances. The Company shall deduct all federal, state and local taxes required by
law or Company policy from any Award or Performance RSU Grants paid hereunder; provided, that such
deduction shall be equal to the aggregate amount of such liabilities based on the minimum statutory
withholding rates for federal, state and local income tax and payroll tax purposes that are
applicable to such supplemental taxable income.

For purposes of Awards that are intended to be QPBC, once an Award formula is established based on
one or more of the Performance Goals, the Committee may with the consent of the Participant
establish (and once established, rescind, waive or amend) additional conditions and terms of
payment of awards (including but not limited to the achievement of other financial, strategic or
individual goals, which may be objective or subjective) as it deems desirable in carrying out the
purposes of the Program and may take into account such other factors as it deems appropriate in
administering any aspect of the Program. However, for purposes of Awards that are intended to be
QPBC, the Committee shall have no authority to increase the amount of a targeted award granted to
any Participant or to pay an award under the Program if the Performance Goals have not been
satisfied.

Section V. Program Administration

The Program shall be administered by the Committee in accordance with the Plan and in a manner that
satisfies the requirements of Section 162(m) for QPBC, if intended to be applicable.

Section VI. Absence of Program Funding; No Equity Interest

The Program shall be unfunded. Benefits under the Program shall be paid [in shares of Common
Stock] from the general funds of the Company (or the Subsidiary), and a Participant (or the
Participant’s estate in the event of death) shall be no more than an unsecured general creditor of
the Company (or the Subsidiary) with no special or prior right to any assets of the Company (or the
Subsidiary).

Nothing contained in the Program shall be deemed to give any Participant any equity or other
interest in the assets, business or affairs of the Company or any Subsidiary. It is not intended
that a Participant’s interest in the Program shall constitute a security or equity interest within
the meaning of any state or federal securities laws.

Section VII. No Transferability

A Participant shall not have any right to transfer, sell, alienate, assign, pledge, mortgage,
collateralize or otherwise encumber any of the payments provided by the Program.

Section VIII. No Employment Rights

The Program is not intended to be a contract of employment. Both the Participant and the Company
and any Subsidiaries have the right to end their employment or other service relationship with or
without cause or notice.

Section IX. Interpretation, Amendment and Termination

The Committee shall have the power to interpret all provisions of the Program, which
interpretations shall be final and binding on all persons. The provisions of this document shall
supersede all provisions of any and all such prior documents relating to the Program and its
subject matter. However, if the provisions of this document conflict with any provision of the
Plan, the provisions set forth in the Plan shall govern in all cases. The laws of the State of
California shall govern all questions concerning the construction, validity and interpretation of
the Program, without regard to such state’s conflict of laws rules.

To the extent applicable, the Program shall be interpreted in accordance with Section 409A of the
Code (“Section 409A”). Notwithstanding any provision of the Program to the contrary, in
the event that the Company determines in good faith that any compensation or benefits payable under
the Program may not be either exempt from or compliant with Section 409A, the Company may adopt
such amendments to the Program or adopt other policies or procedures (including amendments,
policies and procedures with retroactive effectiveness), or take any other commercially reasonable
actions necessary or appropriate (i) to preserve the intended tax treatment of the compensation and
benefits payable hereunder and/or preserve the economic benefits of such compensation and benefits,
and/or (ii) to exempt the compensation and benefits payable hereunder from Section 409A or to
comply with the requirements of Section 409A and thereby avoid the application of penalty taxes
thereunder.

Notwithstanding anything in the Program to the contrary, to the extent that any payment or benefit
constitutes non-exempt “nonqualified deferred compensation” for purposes of Section 409A, and such
payment or benefit would otherwise be payable or distributable hereunder by reason of the
Participant’s termination of employment, all references to the Participant’s termination of
employment shall be construed to mean a “separation from service,” as defined in Treasury
Regulation Section 1.409A-1(h) (a “Separation from Service”), and the Participant shall not
be considered to have a termination of employment unless such termination constitutes a Separation
from Service with respect to the Participant.

The Committee reserves the right to amend or terminate the Program at any time, with or without
prior notice; provided, however, that all amendments to the Program shall preserve the
qualification of any Awards intended to be QPBC under the Program as QPBC under Section 162(m).
Notwithstanding the foregoing, except as provided below, the Committee may not amend the Program in
a way that would materially impair the rights of a Participant with respect to a Performance Cycle
that already has begun at the time of such amendment, except to the extent necessary to preserve
the qualification of Awards as QPBC or unless such Participant has consented in writing to such
amendment. In the event of any act of God, war, natural disaster, aircraft grounding, revocation
of operating certificate, terrorism, strike, lockout, labor dispute, work stoppage, fire, epidemic
or quarantine restriction, act of government, critical materials shortage, or any other act beyond
the control of the Company, whether similar or dissimilar (each a “Force Majeure Event”),
which Force Majeure Event affects the Company or its Subsidiaries or other affiliates, the
Committee, in its sole discretion, may (i) terminate or (ii) suspend, delay, defer (for such period
of time as the Committee may deem necessary), or substitute any Awards due currently or in the
future under the Program, including, but not limited to, any Awards that have accrued to the
benefit of Participants but have not yet been paid, subject to Section 409A of the Code, and the
regulations and guidance promulgated thereunder.

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