Document:

EX-10.1

 Exhibit 10.1 
 DOLE FOOD COMPANY, INC. 
 STANDARD TERMS AND CONDITIONS FOR

 SELF-FUNDED CASH-BASED LONG TERM INCENTIVE AWARD 

UNDER THE 2009 STOCK INCENTIVE PLAN 
 (As Amended and Restated February 23, 2012) 
 (Effective
January 1, 2013) 
  

	Section 1.	ESTABLISHMENT AND PURPOSES. 

  

	 	1.01	DOLE FOOD COMPANY, INC. (DOLE) hereby establishes the 2013 Self-Funded Cash Long Term Incentive Plan. 

 

	 	1.02	The purpose of this Plan is to advance the interests of DOLE by (i) motivating special achievements by Eligible Employees upon whose judgment, initiative and
efforts DOLE is largely dependent for the successful conduct of its business through a compensation program emphasizing long-term performance incentives; (ii) supplementing other compensation plans; and (iii) assisting DOLE in retaining
and attracting such employees. 

  

	 	1.03	This Plan shall be effective as of January 1, 2013 and shall operate on the basis of the current and succeeding Incentive Periods until such time the Plan is
amended or terminated under Section 11. 

  

	Section 2.	DEFINITIONS. 

 As used
herein, the following terms shall have the following meanings unless a different meaning is plainly required in the context: 
  

	 	2.01	“Base Year” shall mean the fiscal year immediately prior to the Incentive Period. 

 

	 	2.02	“Board” shall mean the Board of Directors of DOLE. 

  

	 	2.03	“Committee” shall mean the Corporate Compensation and Benefits Committee of DOLE. 

 

	 	2.04	“Contingent Award Amount” shall mean a contingent award to an Eligible Employee expressed as a monetary value of the award. 

 

	 	2.05	“Contingent Award Percentage” shall mean a contingent award to an Eligible Employee expressed as a percentage of such Eligible Employee’s annual Salary
at the beginning of the Incentive Period 

  

	 	2.06	“EBITDA” shall mean the equivalent of consolidated operating cash flow from all DOLE business units and subsidiaries, calculated as earnings before interest
expense and income taxes plus depreciation and amortization. EBITDA may also be adjusted for unusual, non-reoccurring cash or non-cash items and for the pro forma effects of merger, acquisition and divestiture transactions. 

 

	 	2.07	“Eligible Employee” shall mean a Participant who meets eligibility requirements hereunder in order to receive an award under this Plan.

  
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	 	2.08	“Ending Value Multiplier”, with respect to any Contingent Award Amounts, shall mean an amount determined by the Net Income Performance Factor.

  

	 	2.09	“Final Award” shall mean the amount awarded pursuant to this Plan to be paid to an Eligible Employee for the Incentive Period. 

 

	 	2.10	“Incentive Period”, with respect to any Contingent Award Amounts or Final Award, shall mean DOLE’s fiscal years 2013 through 2015 inclusive, and each
annually immediately succeeding three fiscal year period inclusive. 

  

	 	2.11	“Net Income” shall mean the equivalent of consolidated operating cash flow from all DOLE business units and subsidiaries, calculated as earnings before
interest expense, income taxes, depreciation and amortization. Net Income may also be adjusted for unusual, non-reoccurring cash or non-cash items and for the pro forma effects of merger, acquisition and divestiture transactions.

  

	 	2.12	“Participant” shall mean an employee of DOLE or a Subsidiary who the Committee, in its sole discretion, has designated as a Participant for the applicable
Incentive Period based on criteria that he or she is or give promise of becoming of exceptional importance to DOLE or any Subsidiary, and of making substantial contributions to the success, growth and profit of DOLE and its Subsidiaries.

  

	 	2.13	“Performance Matrix” shall mean the matrix attached as Exhibit A, which is used in calculating Ending Value Multipliers under this Plan.

  

	 	2.14	“Plan” shall mean this Long Term Incentive Plan, as it may be amended from time to time. The Plan constitutes the current operating document for the
administration of the Plan adopted effective January 1, 2013. 

  

	 	2.15	“Retirement” shall mean the termination of a Participant’s employment with DOLE or a Subsidiary under circumstances where the Participant terminates when
either reaching at least (a) age 55 with 5 years of regular, full-time service or (b) age 65, with no minimum service requirement. 

  

	 	2.19	“Salary” shall mean annual base salary of the Participant on January 1, 2013. 

 

	 	2.20	“Subsidiary” or “Subsidiaries” shall mean any corporation(s) in which DOLE or any Subsidiary (as defined hereby) owns, at the time of making
a Contingent Award Amount hereunder, stock possessing more than 50 percent of the total combined voting power of all classes of stock in such corporation. 

  

	 	2.21	“Involuntary Termination without Cause” shall mean a termination which results from a workforce reduction, elimination of operations or job elimination, or a
termination without cause. “Cause” shall mean, with respect to any Eligible Employee, a good faith determination by DOLE that the Eligible Employee is guilty of dishonesty, a violation of any state or federal law or the law of any
sovereignty in which DOLE or its subsidiaries have operations, a violation of DOLE’S Code of Conduct, or failure to perform his or her duties to establish standards after notice and failure to improve. 

  
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	Section 3.	ELIGIBILITY. 

  

	 	3.01	Contingent Award Amounts and Final Awards may be made only to Eligible Employees. 

 

	 	3.02	No member of the Committee or the Board who is not an employee of DOLE or of a Subsidiary shall be an Eligible Employee. 

 

	 	3.03	In order for a Participant to become an Eligible Employee, the Participant must also: 

 

	 	•	 	 Be hired for or promoted to a regular, full-time eligible position, as defined the Company, by the start of the Company’s fourth fiscal quarter of
the first year of the Incentive Period; 

  

	 	•	 	 Be on the payroll and actively employed, or on an approved, paid flexible time off, or on a leave which has been designated as “family leave”
under federal or California law, as of the expiration of Incentive Period under the Plan. 

  

	 	3.04	If an Eligible Employee is on an approved leave of absence that extends beyond a leave which has been designated as “family leave” under federal or California
law, the Contingent Award Percentage for that Eligible Employee will be pro-rated to exclude the time on approved leave that exceeds the leave period provided for under “family leave”. 

 

	Section 4.	ADMINISTRATION. 

  

	 	4.01	The Plan shall be administered by the Committee. 

  

	 	4.02	The Committee shall be vested with full authority to make such rules and regulations as it deems necessary to administer the Plan and to interpret the provisions of the
Plan. The Committee has the authority to consider unusual, non-recurring cash and non-cash items and the effects of merger, acquisition and divestiture transactions that occurred during the Incentive Period and is provided with discretion to include
or exclude such items and effects in deriving the calculation of awards under the Plan. Any determination, decision or action of the Committee in connection with the construction, interpretation, administration or application of the Plan shall be
final, conclusive and binding upon all Eligible Employees, Participants and any and all persons claiming under or through any Eligible Employee or Participant, unless otherwise determined by the Board. 

 

	 	4.03	Any determination, decision or action of the Committee provided for in this Plan may be made or taken by action of the Board if the Board so determines, with the same
force and effect as if such determination, decision or action had been made or taken by the Committee. No member of the Committee or Board shall be liable for any determination, decision or action made in good faith with respect to the Plan or any
Contingent Award Amounts. The fact that a member of the Committee or Board shall at the time be, or shall theretofore have been or thereafter may be, an Eligible Employee or a Participant shall not disqualify him or her from taking part in and
voting at any time as a member of the Committee or Board in favor of or against any amendment of the Plan. 

  

	 	4.04	 With respect to any Incentive Period, the attached Performance Matrix may be modified by the Committee in its sole discretion. Specifically, to measure

  
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performance of DOLE and to determine the Performance Matrix for any Incentive Period, the Committee may, no later than 90 days after the commencement of any Incentive Period, select from among
any number of business criteria or measures including, but not limited to, business growth and return of investment criteria in the computation of awards and establish specific objective numeric goals relating to those measures. If no Performance
Matrix has been approved within the first 90 days of the Incentive Period, the Performance Matrix that had been approved for the immediately preceding Incentive Period shall be deemed adopted for the current Incentive Period. Following this 90-day
period, the Performance Matrix may be modified by the Committee only if such action does not increase the payment opportunity under the Plan. 

  

	Section 5.	CONTINGENT AWARD AMOUNTS. 

  

	 	5.01	The Committee may, from time to time, in its sole discretion, award to each Eligible Employee a Contingent Award Amount, determined based on such Eligible
Employee’s Contingent Award Percentage multiplied by the Eligible Employee’s annual Salary at the beginning of the Incentive Period. The Committee shall cause notice to be given to each Participant of his or her selection as soon as
practicable following the making of a Contingent Award Amount as an Eligible Employee. 

  

	 	5.02	The Contingent Award Percentage for the Eligible Employees shall be the percentages set out with respect to each such Participant identified in the Plan list of
Participants approved by the Committee. 

  

	Section 6.	FINAL AWARDS. 

  

	 	6.01	The Final Award for an Eligible Employee shall be determined by multiplying such Eligible Employee’s Contingent Award Amount by the Net Income Performance Factor
that applies in the Incentive Period. 

  

	Section 7.	CONDITIONS. 

 The
Committee shall make the final determination of the Net Income achieved for the Incentive Period, the Ending Value Multiplier and any Final Awards. 
  

	Section 8.	DETERMINATION AND PAYMENT OF FINAL AWARDS. 

  

	 	8.01	If the Ending Value Multiplier as computed and adjusted in accordance with Sections 6 and 7 is zero, no payment shall be made, any Contingent Award Amount shall
terminate and all rights hereunder shall cease. 

  

	 	8.02	Subject to Sections 7, 9 and 12 hereof, any Final Award for an Eligible Employee shall be paid in cash in a lump sum (subject to withholding requirements, as
applicable) as soon as practicable after determination thereof but no later than 90 days following the end of the Incentive Period. 

  

	 	8.03	 Subject to Sections 7, 9 and 12 hereof , notwithstanding the foregoing provisions of this Section 8, if after the first year of an Incentive
Period, DOLE achieves and maintains the target Net Income for the Incentive Period for six (6) continuous months, then the Final Award for an Eligible Employee shall be determined and paid in cash in a lump sum (subject to withholding
requirements, as applicable) as soon as practicable after such performance is achieved, but no later than the
15th

  
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day of the third month following the end of the year in which such performance was achieved. Upon achievement of the performance contemplated by this Section, the Incentive Period shall end.

  

	 	8.04	For all purposes hereunder with respect to all Awards granted after January 1, 2013, the consummation of the sale transaction to ITOCHU Corporation shall not be
considered a Change of Control and shall in no event cause an acceleration of (x) the end date of to the Performance Period or (y) the Final Payment. 

 

	Section 9.	TERMINATION OF EMPLOYMENT. 

  

	 	9.01	Except as otherwise provided in Section 9.02 below, if an Eligible Employee does not remain continuously in the employ of DOLE or a Subsidiary until the expiration
of the Incentive Period with respect to any Contingent Award Amount, such Contingent Award Amount shall terminate and all rights hereunder shall cease. 

  

	 	9.02	If the employment of an Eligible Employee with DOLE or a Subsidiary terminates during the Incentive Period due to his or her death, disability, Retirement or
Involuntary Termination without Cause, the Committee shall determine the Final Award, if any, to be made with respect to such Eligible Employee under the following method: 

The amount of award that would have resulted from the calculations under Sections 6, 7 and 8 shall be multiplied by a fraction, the
numerator of which shall be the number of months (or fraction thereof) of the Incentive Period during which the Eligible Employee was an employee of DOLE or Subsidiary, and the denominator of which shall be 36. This calculation and the payment of
any resulting Final Award necessarily must be paid after the termination of the Incentive Period in accordance with Section 8.02 or 8.03. 
  

	Section 10.	NON-TRANSFERABILITY OF CONTINGENT AWARD. 

 No Contingent Award Amount shall be sold, assigned, transferred, encumbered, hypothecated or otherwise anticipated by an Eligible Employee. During the lifetime of an Eligible Employee, any payment shall
be payable only to the Eligible Employee; or in the case of death of an Eligible Employee, any payment shall be payable to the designated beneficiary. 
  

	Section 11.	LIMITATIONS. 

 The Board
or the Committee may, at any time, terminate or at any time and from time to time amend, modify or suspend this Plan; provided that no such amendment, modification, suspension or termination of this Plan shall in any manner adversely affect any
Contingent Award Amount or Final Award theretofore made or accrued under the Plan without the consent of the Eligible Employee. 

Participation in this Plan shall not be construed as constituting a commitment, guarantee, agreement or understanding of any kind that
DOLE or any Subsidiary shall continue to employ any individual. 

  
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	Section 12.	CHANGES IN CAPITALIZATION. 

 In the event of a dissolution or liquidation of DOLE, or a merger or consolidation in which DOLE is not the surviving corporation, the calculation of any Final Awards for the then current Incentive Period
that will end after such event shall be determined as if the Incentive Period ended on the date of such event and the greater of (1) the Ending Value Multiplier of 100% or (2) the actual Ending Value Multiplier (determined in an equitable
manner by the Committee making appropriate adjustments to the Financial Performance Factors in the Performance Matrix in order to take account of the shortened Incentive Period) shall be used in calculating the Final Awards under this Plan,
notwithstanding any other provisions of this Plan. To determine the Final Awards calculated pursuant to this Section 12, Contingent Award Amounts multiplied by the applicable Ending Value Multiplier shall be multiplied by a fraction, the
numerator of which shall be the number of months (or fractions thereof) of the Incentive Period through the date of such event, and the denominator of which shall be 36. The Final Award for each Eligible Employee determined pursuant to this
Section 12 shall be paid to each such Eligible Employee as soon as administratively feasible but no later than 30 days of the end of the shortened Incentive Period. 

 

	Section 13.	GOVERNING LAW. 

 This
Plan, any Contingent Award Amounts and any Final Awards hereunder, and all other related matters shall be governed by, and construed in accordance with the laws of the State of California, except as to matters of federal law. 

 

	Section 14.	CODE SECTION 409A 

  

	 	14.01	It is intended that any Final Awards payable pursuant to this Plan shall avoid any “plan failures” within the meaning of Internal Revenue Code
(“Code”) section 409A (a)(1). The Plan is to be interpreted and administered in a manner consistent with this intention. However, no guarantee or commitment is made that the Plan shall be administered in accordance with the requirements of
Code section 409A. 

  

	Section 15.	REQUIRED DELAY IN PAYMENT ON ACCOUNT OF A SEPARATION FROM SERVICE 

  

	 	15.01	Notwithstanding any other provision in this Plan, if any Eligible Employee is a “specified employee,” as of the date of his or her “Separation from
Service” (as defined in authoritative IRS guidance under Code section 409A), then, to the extent required by Treasury Regulations section 1.409A-3(i)(2), any payment made to the Eligible Employee on account of his or her Separation from Service
shall not be made before a date that is six months after the date of his or her Separation from Service. The Committee may elect any of the methods of applying this rule that are permitted under Treasury Regulations section 1.409A-3(i)(2)(ii).

 “Specified employee” has the meaning ascribed to that term in Treasury Regulations section
1.409A-1(i), which generally means that an individual is: 
  

	 	1.	Among the 50 highest paid officers above the applicable threshold amount ($150,000 for 2010) as of the determination date in accordance with Section 409A
requirements; 

  

	 	2.	An employee holding 5% of the Company’s stock; or 

  

	 	3.	An employee earning a threshold ($150,000 for 2010) or greater amount of compensation and holding 1% of the Company’s stock. 

  
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 Exhibit 10.2 
 DOLE FOOD COMPANY, INC. 
 GRANT NOTICE FOR 2009 STOCK INCENTIVE PLAN

 NONQUALIFIED STOCK OPTIONS 
 FOR GOOD AND VALUABLE CONSIDERATION, Dole Food Company, Inc. (the “Company”), hereby grants to Participant named below the nonqualified stock option (the “Option”) to purchase any part
or all of the number of shares of its common stock, par value $0.001 (the “Common Stock”), that are covered by this Option, as specified below, at the Exercise Price per share specified below and upon the terms and subject to the
conditions set forth in this Grant Notice, the Dole Food Company, Inc. 2009 Stock Incentive Plan (the “Plan”) and the Standard Terms and Conditions (the “Standard Terms and Conditions”) promulgated under such Plan, each as
amended from time to time. This Option is granted pursuant to the Plan and is subject to and qualified in its entirety by the Standard Terms and Conditions. 
  

			
	Name of Participant:	  	
		
	Grant Date:	  	                , 2013
		
	Number of Shares of Common Stock covered by Option:	  	
		
	Exercise Price Per Share:	  	$
		
	Expiration Date:	  	                , 2023
		
	Vesting Schedule:	  	The Option vests and becomes exercisable with respect to one-third of the shares subject to the Option on each of the first, second and third anniversaries of the Grant Date,
provided that the Option shall in no event be accelerated due to the consummation of the sale transaction with ITOCHU Corporation.

 This Option is not intended to qualify as an incentive stock option under Section 422 of the Internal Revenue Code
of 1986, as amended. By accepting this Grant Notice, Participant acknowledges that he or she has received and read, and agrees that this Option shall be subject to, the terms of this Grant Notice, the Plan and the Standard Terms and Conditions.

  

							
	DOLE FOOD COMPANY, INC.
		 		 	  

Participant Signature

	By	 	  
	 		 	
	Title:	 	 President & Chief Operating Officer
	 		 	Address (please print):
		 		 		 	  

		 		 		 	  

	By	 	  
	 		 	  

	Title:	 	 Vice President, Human Resources
	 		 	

 DOLE FOOD COMPANY, INC. 

STANDARD TERMS AND CONDITIONS FOR 
 NONQUALIFIED STOCK OPTIONS 
 These Standard Terms and Conditions apply to the Options
granted pursuant to the Dole Food Company, Inc. 2009 Stock Incentive Plan (the “Plan”), which are identified as nonqualified stock options and are evidenced by a Grant Notice or an action of the Administrator that specifically refers to
these Standard Terms and Conditions. In addition to these Terms and Conditions, the Option shall be subject to the terms of the Plan, which are incorporated into these Standard Terms and Conditions by this reference. Capitalized terms not otherwise
defined herein shall have the meaning set forth in the Plan. 
  

	1.	TERMS OF OPTION 

 Dole
Food Company, Inc. (the “Company”), has granted to the Participant named in the Grant Notice provided to said Participant herewith (the “Grant Notice”) a nonqualified stock option (the “Option”) to purchase up to the
number of shares of the Company’s common stock (the “Common Stock”), set forth in the Grant Notice. The exercise price per share and the other terms and subject to the conditions of the Option are set forth in the Grant Notice, these
Standard Terms and Conditions (as amended from time to time), and the Plan. For purposes of these Standard Terms and Conditions and the Grant Notice, any reference to the Company shall include a reference to any Subsidiary. 

 

	2.	NONQUALIFIED STOCK OPTION 

The Option is not intended to be an incentive stock option under Section 422 of the Internal Revenue Code of 1986, as amended (the
“Code”) and will be interpreted accordingly. 
  

	3.	EXERCISE OF OPTION 

 The
Option shall not be exercisable as of the Grant Date set forth in the Grant Notice. After the Grant Date, to the extent not previously exercised, and subject to termination or acceleration as provided in these Standard Terms and Conditions and the
Plan, the Option shall be exercisable only to the extent it becomes vested, as described in the Grant Notice or the terms of the Plan, to purchase up to that number of shares of Common Stock as set forth in the Grant Notice, provided that (except as
set forth in Section 4.A below) the Participant remains employed with the Company and does not experience a Termination of Employment. The vesting period and/or exercisability of an Option may be adjusted by the Administrator to reflect the
decreased level of employment during any period in which the Participant is on an approved leave of absence or is employed on a less than full time basis. 
 To exercise the Option (or any part thereof), the Participant shall deliver to the Company a “Notice of Exercise” in a form specified by the Administrator, specifying the number of whole shares
of Common Stock the Participant wishes to purchase and how the Participant’s shares of Common Stock should be registered (in the Participant’s name only or in the Participant’s and the Participant’s spouse’s names as
community property or as joint tenants with right of survivorship). 

 The exercise price (the “Exercise Price”) of the Option is set forth in the Grant
Notice. The Company shall not be obligated to issue any shares of Common Stock until the Participant shall have paid the total Exercise Price for that number of shares of Common Stock. The Exercise Price may be paid in Common Stock, cash or a
combination thereof, including an irrevocable commitment by a broker to pay over such amount from a sale of the Common Stock issuable under the Option, the delivery of previously owned Common Stock, withholding of shares of Common Stock deliverable
upon exercise of the Option, or in such other manners as may be permitted by the Administrator. 
 Fractional shares may not be
exercised. Shares of Common Stock will be issued as soon as practical after exercise. Notwithstanding the above, the Company shall not be obligated to deliver any shares of Common Stock during any period when the Company determines that the
exercisability of the Option or the delivery of shares of Common Stock hereunder would violate any federal, state or other applicable laws. 
  

	4.	EXPIRATION OF OPTION 

 The
Option shall expire and cease to be exercisable as of the earlier of (a) the Expiration Date set forth in the Grant Notice or (b) the date specified below in connection with the Participant’s Termination of Employment: 

 

	 	A.	If the Participant’s Termination of Employment is by reason of death, Disability or Retirement, the Participant (or the Participant’s estate, beneficiary or
legal representative) may exercise the Option (regardless of whether then vested or exercisable) until the date that is twelve months following the date of such Termination of Employment. 

 

	 	B.	If the Participant’s Termination of Employment is for any reason other than death, Disability, Retirement or Cause, the Participant may exercise any portion of the
Option that is vested and exercisable at the time of such Termination of Employment until the date that is three months following the date of such Termination of Employment. Any portion of the Option that is not vested and exercisable at the time of
such Termination of Employment (after taking into account any accelerated vesting under Section 17 of the Plan or any other agreement between the Participant and the Company (including any accelerated vesting to which the Participant is
entitled in the event of a “Qualified Termination” under a Change of Control Agreement between the Participant and the Company), if applicable) shall be forfeited and canceled as of the date of such Termination of Employment.

  

	 	C.	If the Participant’s Termination of Employment is by the Company for Cause, the entire Option, whether or not then vested and exercisable, shall be immediately
forfeited and canceled as of the date of such Termination of Employment. 

	5.	RESTRICTIONS ON RESALES OF SHARES ACQUIRED PURSUANT TO OPTION EXERCISE 

 The Company may impose such restrictions, conditions or limitations as it determines appropriate as to the timing and manner of any resales by the Participant or other subsequent transfers by the
Participant of any shares of Common Stock issued as a result of the exercise of the Option, including without limitation (a) restrictions under an insider trading policy, (b) restrictions designed to delay and/or coordinate the timing and
manner of sales by Participant and other option holders and (c) restrictions as to the use of a specified brokerage firm for such resales or other transfers. 
  

	6.	INCOME TAXES 

 The Company
shall not deliver shares of Common Stock in respect of the exercise of any Option unless and until the Participant has made arrangements satisfactory to the Administrator to satisfy applicable withholding tax obligations. Unless the Participant pays
the withholding tax obligations to the Company by cash or check in connection with the exercise of the Option, withholding may be effected, at the Company’s option, by withholding Common Stock issuable in connection with the exercise of the
Option (provided that shares of Common Stock may be withheld only to the extent that such withholding will not result in adverse accounting treatment for the Company). The Participant acknowledges that the Company shall have the right to deduct any
taxes required to be withheld by law in connection with the exercise of the Option from any amounts payable by it to the Participant (including, without limitation, future cash wages). 

 

	7.	NON-TRANSFERABILITY OF OPTION 

 Except as permitted by the Administrator or as permitted under the Plan, the Participant may not assign or transfer the Option to anyone other than by will or the laws of descent and distribution and the
Option shall be exercisable only by the Participant during his or her lifetime. The Company may cancel the Participant’s Option if the Participant attempts to assign or transfer it in a manner inconsistent with this Section 7. 

 

	8.	OTHER AGREEMENTS SUPERSEDED 

 The Grant Notice, these Standard Terms and Conditions and the Plan constitute the entire understanding between the Participant and the Company regarding the Option. Any prior agreements, commitments or
negotiations concerning the Option are superseded. 
  

	9.	LIMITATION OF INTEREST IN SHARES SUBJECT TO OPTION 

 Neither the Participant (individually or as a member of a group) nor any beneficiary or other person claiming under or through the Participant shall have any right, title, interest, or privilege in or to
any shares of Common Stock allocated or reserved for the purpose of the Plan or subject to the Grant Notice or these Standard Terms and Conditions except as to such shares of Common Stock, if any, as shall have been issued to such person upon
exercise of the Option or any part of it. Nothing in the Plan, in the Grant Notice, these 

 
Standard Terms and Conditions or any other instrument executed pursuant to the Plan shall confer upon the Participant any right to continue in the Company’s employ or service nor limit in
any way the Company’s right to terminate the Participant’s employment at any time for any reason. 
  

	10.	GENERAL 

 In the event
that any provision of these Standard Terms and Conditions is declared to be illegal, invalid or otherwise unenforceable by a court of competent jurisdiction, such provision shall be reformed, if possible, to the extent necessary to render it legal,
valid and enforceable, or otherwise deleted, and the remainder of these Standard Terms and Conditions shall not be affected except to the extent necessary to reform or delete such illegal, invalid or unenforceable provision. 

The headings preceding the text of the sections hereof are inserted solely for convenience of reference, and shall not constitute a part
of these Standard Terms and Conditions, nor shall they affect its meaning, construction or effect. 
 These Standard Terms and
Conditions shall inure to the benefit of and be binding upon the parties hereto and their respective permitted heirs, beneficiaries, successors and assigns. 
 These Standard Terms and Conditions shall be construed in accordance with and governed by the laws of the State of Delaware, without regard to principles of conflicts of law. 

In the event of any conflict between the Grant Notice, these Standard Terms and Conditions and the Plan, the Grant Notice and these
Standard Terms and Conditions shall control. In the event of any conflict between the Grant Notice and these Standard Terms and Conditions, the Grant Notice shall control. 
 All questions arising under the Plan or under these Standard Terms and Conditions shall be decided by the Administrator in its total and absolute discretion. 

 

	11.	ELECTRONIC DELIVERY 

 By
executing the Grant Notice, the Participant hereby consents to the delivery of information (including, without limitation, information required to be delivered to the Participant pursuant to applicable securities laws) regarding the Company and the
Subsidiaries, the Plan, the Option and the Common Stock via Company web site or other electronic delivery.

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