Document:

EX-10.1

 Exhibit 10.1 
 EXECUTIVE EMPLOYMENT AGREEMENT 
 This EMPLOYMENT AGREEMENT
(the “Agreement”) is entered into as of this 21st day of May, 2013 (the “Effective Date”), by and between Steven R. Martin (the “Executive”) and Monotype Imaging Inc., a Delaware corporation (the “Company”).

 WITNESSETH: 
 WHEREAS, the Company desires to employ Executive, and Executive desires to be employed by the Company; 
 NOW, THEREFORE, in consideration of the mutual promises and covenants herein contained, the parties hereto agree as follows: 

1. Effective Date; Employment. Subject to the provisions of Section 5, on the Effective Date the Company agrees to employ
Executive and Executive agrees to be an employee and perform services for the Company, upon the terms as hereinafter set forth. 

2. Duties; Extent of Service. During Executive’s employment under this Agreement, Executive (a) shall serve as an
employee of the Company with the title and position of Senior Vice President, Engineering, reporting to the Board of Directors (or the Chief Executive Officer, as appropriate) of the Company, (b) shall have such executive responsibilities
consistent with the foregoing title and position as the Board of Directors (or the Chief Executive Officer, as appropriate) of the Company shall from time to time designate, provided that, in all cases Executive shall be subject to the oversight and
supervision of the Board of Directors (or the Chief Executive Officer, as appropriate) of the Company in the performance of his duties, (c) upon the request of the Board of Directors (or the Chief Executive Officer, as appropriate) of the
Company, shall serve as an officer and/or director of any of the Company’s subsidiaries, and (d) shall render all services reasonably incident to the foregoing. Executive hereby accepts such employment, agrees to serve the Company in the
capacities indicated, and agrees to use Executive’s reasonable best efforts in, and shall devote Executive’s full working time, attention, skill and energies to, the advancement of the interests of the Company and its subsidiaries and the
performance of Executive’s duties and responsibilities hereunder. The foregoing, however, shall not be construed as preventing Executive from (i) engaging in religious, charitable or other community or non-profit activities, or
(ii) managing Executive’s personal investments and business interests, in each case in a manner that does not impair Executive’s ability to fulfill Executive’s duties and responsibilities under this Agreement (the activities
described in clauses (i) and (ii), the “Permitted Activities”). 
 3. Salary and Bonus. 

(a) During Executive’s employment under this Agreement, the Company shall pay Executive a salary at the annual rate of $271,253 per
annum (the “Base Salary”). Such Base Salary shall be subject to withholding under applicable law, and shall be payable in periodic installments in accordance with the Company’s usual payroll practice for executive officers of the
Company as in effect from time to time. 

 (b) Executive shall be eligible to participate in any group bonus or other group performance
plan established by the Board of Directors from time to time for senior management of the Company. 
 4. Benefits.

 (a) During Executive’s employment under this Agreement, Executive shall be entitled to participate in any and all
medical, pension, profit sharing, dental and life insurance plans and disability income plans, retirement arrangements and other employment benefits, including option plans, as in effect from time to time for similarly situated senior management of
the Company generally. Such participation shall be subject to (i) the terms of the applicable plan documents (including, as applicable, provisions granting discretion to the Board of Directors of the Company or any administrative or other
committee provided for therein or contemplated thereby), and (ii) generally applicable policies of the Company. Executive shall be eligible to participate in all such plans and other benefits as of the Effective Date. 

(b) During Executive’s employment under this Agreement, Executive shall be entitled to earn paid vacation annually in accordance
with the Company’s practices for executive officers, as in effect from time to time. 
 (c) The Company shall promptly
reimburse Executive for all reasonable business expenses incurred by Executive during Executive’s employment hereunder in accordance with the Company’s practices for senior executive officers of the Company, as in effect from time to time.

 (d) Except to the extent expressly provided in this Agreement, compliance with the provisions of this Section 4 shall in
no way create or be deemed to create any obligation, express or implied, on the part of the Company or any of its affiliates with respect to the continuation of any particular benefit or other plan or arrangement maintained by them or their
subsidiaries as of or prior to the Effective Date or the creation and maintenance of any particular benefit or other plan or arrangement at any time after the Effective Date. 
 5. Termination and Termination Benefits. Executive’s employment may terminate without breach of this Agreement under the following circumstances: 

(a) Termination by the Company for Cause. Executive’s employment may be terminated for Cause without further liability on the
part of the Company or any affiliate thereof effective immediately upon a vote of the Board of Directors of the Company (or determination by the Chief Executive Officer, as appropriate) and written notice to Executive. Only the following shall
constitute “Cause” for such termination: 
 (i) any act, whether or not involving the Company or any of
its affiliates or their respective businesses, of fraud, gross misconduct or harassment that materially and adversely affects the Company; 
 (ii) any act of dishonesty, deceit or illegality, in any such case, materially and adversely affecting the Company; 

  
 2 

 (iii) the commission of Executive of, or indictment of Executive for
(A) a felony, or (B) any misdemeanor involving moral turpitude (“indictment”, for these purposes, meaning an indictment, or determination of probable cause in a probable cause hearing or any other similar procedure pursuant to
which an initial determination of probable cause with respect to such offense is made), if, in the case of an indictment, such indictment has material adverse effect on the Company; 

(iv) the commission, in the reasonable judgment of the Board of Directors of the Company, of an act involving a violation
of procedures or policies of the Company which are material to the Company; 
 (v) a material and sustained
failure of Executive to perform the duties and responsibilities assigned or delegated under this Agreement, which such failure continues for thirty (30) days after written notice has been given to Executive by the Board of Directors (or the
Chief Executive Officer, as appropriate); 
 (vi) gross negligence or willful misconduct by Executive related to
his job duties or responsibilities; or 
 (vii) a breach by Executive of any of Executive’s obligations
under Section 6 below. 
 (b) Termination by Executive Other than for Good Reason. Executive’s employment may
be terminated by Executive without further liability on the part of Executive (other than with respect to those provisions of this Agreement expressly surviving such termination) by written notice to the Board of Directors at least sixty
(60) days prior to such termination; provided, however, the Company may waive the notice period and accelerate the termination date without converting the Termination by Executive into a Termination by the Company. 

(c) Termination by Executive for Good Reason. Subject to the payment of Termination Benefits pursuant to Section 5(e) below,
Executive’s employment also may be terminated by Executive for Good Reason (as defined below). For purposes of this Agreement, “Good Reason” shall mean that Executive has complied with the “Good Reason Process” (hereinafter
defined) following the occurrence of any of the following events: (i) a material diminution in Executive’s responsibilities, authority or duties; (ii) a material diminution in Executive’s Base Salary except for across-the-board
salary reductions based on the Company’s financial performance similarly affecting all or substantially all senior management employees of the Company; (iii) a material change in the geographic location at which Executive provides services
to the Company; or (iv) the material breach of this Agreement by the Company. “Good Reason Process” shall mean that (i) Executive reasonably determines in good faith that a “Good Reason” condition has occurred;
(ii) Executive notifies the Company in writing of the occurrence of the Good Reason condition within 60 days of the occurrence of such condition; (iii) Executive cooperates in good faith with the Company’s efforts, for a period not
less than 30 days following such notice (the “Cure Period”), to remedy the condition; (iv) notwithstanding such efforts, the Good Reason condition continues to exist; and (v) Executive terminates his employment within 60 days
after the end of the Cure Period. If the Company cures the Good Reason condition during the Cure Period, Good Reason shall be deemed not to have occurred. 

  
 3 

 (d) Termination by the Company Without Cause. Subject to the payment of Termination
Benefits pursuant to Section 5(e), Executive’s employment may be terminated without Cause by the Company by a vote of the Board of Directors of the Company (or determination by the Chief Executive Officer, as appropriate) upon written
notice to Executive. It is expressly agreed and understood that if Executive’s employment is terminated by the Company without Cause as provided in this Section 5(d), it shall not impair, limit or otherwise affect Executive’s
Continuing Obligations (as defined below). 
 (e) Certain Termination Benefits. Unless otherwise specifically provided in
this Agreement or otherwise required by law, all compensation and benefits payable to Executive under this Agreement shall terminate on the date of termination of Executive’s employment under this Agreement. Notwithstanding the foregoing, in
the event of termination of Executive’s employment with the Company pursuant to Section 5(c) or Section 5(d) above, the Company shall provide to Executive the following termination benefits (“Termination Benefits”):

 (i) payment of salary at a rate equal to one-hundred (100%) of Executive’s Base Salary as in effect
on the date of termination for a period of twelve months from the date of termination (payment shall be subject to withholding under applicable law and shall be made in periodic installments in accordance with the Company’s usual payroll
practice for executive officers of the Company as in effect from time to time with each payment intended to constitute a separate payment for purposes of Treasury Regulation Section 1.409A-2(b)(2)) (“Severance Payments”) with the
first Severance Payment made at any time determined by the Company within 60 days after the date of termination; provided, however, that if the 60-day period begins in one calendar year and ends in a second calendar year, the Severance Payments
shall begin to be paid in the second calendar year by the last day of such 60-day period; 
 (ii) provided
Executive elects and remains eligible for the continuation of group health plan benefits pursuant to 29 U.S.C. § 1161 et seq. (commonly known as “COBRA”), the Company will pay with the cost of the regular premium for such
benefits shared in the same relative proportion by the Company and Executive as in effect on the date of termination from the date of termination until the earliest of: (1) twelve months after the date of termination, (2) the date when
Executive becomes eligible for group medical plan participation under any subsequent employer’s group medical plan, or (3) the date Executive is no longer eligible for COBRA; and 

(iii) payment of the bonus that Executive would have been entitled to receive under the bonus or other performance plan
referred to in Section 3(b) had his employment not been terminated, prorated based on the number of days Executive was employed by the Company during the relevant bonus period. Such payment shall be made to Executive at the time bonuses under
such plan are generally paid to other participants but in no event later than March 15 of the calendar year following the termination date. 

  
 4 

 The Company shall have the right to terminate all of the Termination Benefits set forth in
Section 5(e)(i) and Section 5(e)(ii) in the event that Executive fails to comply in any material respect with Executive’s Continuing Obligations under this Agreement. Notwithstanding the foregoing, nothing in this Section 5(e)
shall be construed to affect Executive’s right to receive COBRA continuation entirely at Executive’s own cost to the extent that Executive may continue to be entitled to COBRA continuation after Executive’s right to cost sharing under
Section 5(e)(ii) ceases. The Company and Executive agree that the Termination Benefits paid by the Company to Executive under this Section 5(e) shall be in full satisfaction, compromise and release of any claims arising exclusively out of
any termination of Executive’s employment pursuant to Section 5(c) or Section 5(d), and that the payment of the Termination Benefits shall be contingent upon Executive’s delivery of a separation agreement in a form satisfactory
to the Company that shall include a general release of claims in favor of the Company and related persons and entities and any other separation agreement terms that the Company determines to include (“Release Agreement”), it being
understood that no Termination Benefits shall be provided unless and until such Release Agreement becomes fully effective. 

(f) Disability. The Company may terminate Executive’s employment if he is disabled and unable to perform the essential
functions of Executive’s then existing position or positions under this Agreement with or without reasonable accommodation for a period of 365 days (which need not be consecutive) in any 18-month period. If any question shall arise as to
whether during any period Executive is disabled so as to be unable to perform the essential functions of Executive’s then existing position or positions with or without reasonable accommodation, Executive may, and at the request of the Company
shall, submit to the Company a certification in reasonable detail by a physician selected by the Company to whom Executive or Executive’s guardian has no reasonable objection as to whether Executive is so disabled or how long such disability is
expected to continue, and such certification shall for the purposes of this Agreement be conclusive of the issue. Executive shall cooperate with any reasonable request of the physician in connection with such certification. If such question shall
arise and Executive shall fail to submit such certification, the Company’s determination of such issue shall be binding on Executive. Nothing in this Section 5(f) shall be construed to waive Executive’s rights, if any, under existing
law including, without limitation, the Family and Medical Leave Act of 1993, 29 U.S.C. §2601 et seq. and the Americans with Disabilities Act, 42 U.S.C. §12101 et seq.  

(g) Death. Executive’s employment and all obligations of the Company hereunder shall terminate in the event of the death of
Executive other than any obligation to pay earned but unpaid Base Salary. 
 (h) Continuing Obligations. Notwithstanding
termination of this Agreement as provided in this Section 5 or any other termination of Executive’s employment with the Company, Executive’s obligations under Section 6 hereof (collectively, the “Continuing
Obligations”) shall survive any termination of Executive’s employment with the Company at any time and for any reason. 

  
 5 

 6. Confidentiality; Proprietary Rights; Non-Competition and Non-Solicitation.

 (a) In the course of performing services on behalf of the Company (for purposes of this Section 6 including all
predecessors of the Company) and its affiliates, Executive has had and from time to time will have access to Confidential Information (as defined below). Executive agrees (i) to hold the Confidential Information in strict confidence,
(ii) not to disclose the Confidential Information to any person (other than in the regular business of the Company or its affiliates), and (iii) not to use, directly or indirectly, any of the Confidential Information for any purpose other
than on behalf of the Company and its affiliates or in connection with the Permitted Activities. All documents, records, data, apparatus, equipment and other physical property, whether or not pertaining to Confidential Information, that are
furnished to Executive by the Company, its affiliates or any subsidiary thereof or are produced by Executive in connection with Executive’s employment will be and remain the sole property of the Company, its affiliates or such subsidiary, as
applicable. Upon the termination of Executive’s employment with the Company and its subsidiaries for any reason and as and when otherwise requested by the Company, all Confidential Information (including, without limitation, all data,
memoranda, customer lists, notes, programs and other papers and items, and reproductions thereof relating to the foregoing matters) in Executive’s possession or control, shall be immediately returned to the Company. The term “Confidential
Information” shall mean all information pertaining to the Company, its affiliates or any subsidiary thereof which is not publicly available or the disclosure of which could result in a competitive or other disadvantage to the Company, its
affiliates or any subsidiary thereof. Confidential Information may include information, whether or not patentable or copyrightable, in written, oral, electronic or other tangible or intangible forms, stored in any medium, including, by way of
example and without limitation, trade secrets, ideas, concepts, designs, configurations, specifications, drawings, blueprints, diagrams, models, prototypes, samples, flow charts processes, techniques, formulas, software, improvements, inventions,
data, know-how, discoveries, copyrightable materials, marketing plans and strategies, sales and financial reports and forecasts, cost and performance data, debt arrangements, equity structure, purchasing and sales data, price lists, customer lists,
studies, reports, records, books, contracts, instruments, surveys, computer disks, diskettes, tapes, computer programs, corporate information, including, by way of example and without limitation, policies, resolutions, negotiations or litigation,
operational information, personnel information and business plans, prospects and opportunities (such as possible acquisitions or dispositions of businesses or facilities) which have been discussed or considered by the management of the Company, its
affiliates or any subsidiary thereof (and of which Executive has knowledge). Confidential Information includes information developed by Executive in the course of Executive’s employment by the Company and its subsidiaries, as well as other
information to which Executive may have access in connection with Executive’s employment. Confidential Information also includes the confidential information of others with which the Company, its affiliates or any subsidiary thereof has a
business relationship. Notwithstanding the foregoing, Confidential Information does not include information in the public domain, unless due to breach of Executive’s duties under this Section 6(a). 

(b) Executive hereby confirms that Executive is not bound by the terms of any agreement that restricts in any way Executive’s use or
disclosure of information relevant to the business or activities in which the Company or its subsidiaries are currently engaged in (“Company Business”) or Executive’s engagement in any business. Executive represents to the

  
 6 

 
Company that Executive’s execution of this Agreement, Executive’s employment with the Company and the performance of Executive’s proposed duties for the Company will not violate
any obligations Executive may have to any other party. In Executive’s work for the Company, Executive will not disclose or make use of any information in violation of any agreements with or rights of any such other party, and Executive will not
bring to the premises of the Company any copies or other tangible embodiments of non-public information belonging to or obtained from any such previous employment or other party. 

(c) During and after Executive’s employment, Executive shall reasonably cooperate with the Company in the defense, procurement,
maintenance and enforcement of (i) any claims or actions (other than those brought by Executive) now in existence or which may be brought in the future against or on behalf of the Company, its affiliates or any subsidiary thereof that relate to
events or occurrences that transpired while Executive was employed by the Company, and (ii) Intellectual Property Rights (as defined below) in Company-Related Developments (as defined below). Executive’s full cooperation in connection with
such claims or actions shall include, but not be limited to, being available to meet with counsel to prepare for discovery or trial and to act as a witness at mutually convenient times but shall not include, for any period after Executive’s
employment with the Company has terminated, any activities that materially interfere with Executive’s new employment obligations. During and after Executive’s employment, Executive also shall reasonably cooperate in connection with any
investigation or review of any federal, state or local regulatory authority as any such investigation or review relates to events or occurrences that transpired while Executive was employed by the Company (to the extent such cooperation does not
conflict with or impair Executive’s legal rights in connection with any such matter). Executive will sign all papers, including, without limitation, copyright applications, patent applications, declarations, oaths, assignments of priority
rights, and powers of attorney, which the Company may reasonably deem necessary or desirable in order to protect its rights and interests in any Company-Related Development. If the Company is unable, after reasonable effort, to secure
Executive’s signature on any such papers, Executive hereby irrevocably designates and appoints each officer of the Company as Executive’s agent and attorney-in-fact to execute and file any such papers on Executive’s behalf as the
Company may deem reasonably necessary or desirable in order to properly assign to the Company all rights and interests of Executive in any Company-Related Development. The Company shall reimburse Executive for any reasonable out-of-pocket expenses
incurred in connection with Executive’s performance of obligations pursuant to this Section 6(c). 
 (d) Executive
recognizes that the Company and its affiliates possess a proprietary interest in all of the information described in Section 6(a) and have the right and privilege to use, protect by copyright, patent or trademark, or otherwise exploit the
processes, ideas and concepts described therein to the exclusion of Executive, except as otherwise agreed between the Company and Executive in writing and subject to Executive’s ability to participate in the Permitted Activities. Executive
expressly agrees that all work performed by Executive is on a “work for hire” basis, and Executive hereby does assign and transfer, and will assign and transfer, to the Company and its successors and assigns all of Executive’s right,
title and interest in all works of authorship, speeches, products, developments, inventions, discoveries, improvements, and creative works (whether or not able to be protected by copyright, patent or trademark) created during Executive’s
employment with the Company that (i) relate to the business of the Company or any subsidiary thereof or any client of the Company or any 

  
 7 

 
subsidiary thereof or any of the products or services being researched, developed, manufactured or sold by the Company or any subsidiary thereof or which may be used with such products or
services, (ii) result from tasks assigned to Executive by the Company or any subsidiary thereof; or (iii) result in any material manner from the use of premises or personal property (whether tangible or intangible) owned, leased or
contracted for by the Company or any subsidiary thereof (collectively, “Company-Related Developments”), and all related patents, patent applications, trademarks and trademark applications, copyrights and copyright applications, and other
intellectual property rights in all countries and territories worldwide and under any international conventions (“Intellectual Property Rights”). Executive further agrees that any and all Company-Related Developments shall be promptly
disclosed to the Company. 
 (e) Executive agrees, while he is employed by the Company, to offer or otherwise make known or
available to it, as directed by the Board of Directors of the Company without additional compensation or consideration, any business prospects, contracts or other business opportunities that Executive may discover, find, develop or otherwise have
available to Executive that relate to the Company Business and further agrees that any such prospects, contacts or other business opportunities shall be the property of the Company. 

(f) Executive accepts and agrees to the following obligations to protect the Confidential Information and the Company’s goodwill,
including all goodwill that Executive develops and is expected to develop in the course of Executive’s employment with the Company: 
 (i) Executive hereby agrees that during the period commencing on the date hereof and ending (subject to subsection (iii) below) on the date that is two years (or one year, if Executive’s
employment has terminated pursuant to Section 5(c) or 5(d) above) (“Restricted Period”) following the date of the termination of Executive’s employment with the Company or with any of its subsidiaries, Executive will not, without
the express written consent of the Company, directly or indirectly, anywhere in the United States or in any foreign country in which the Company (or any subsidiary) has conducted business, is conducting business or, to Executive’s knowledge, is
contemplating conducting business, engage in any activity which is competitive with any of the business, activities, products or services conducted or offered or contemplated to be conducted or offered by the Company or its subsidiaries during any
period in which Executive serves as an officer or employee of the Company or any of its subsidiaries, or participate or invest in, or provide or facilitate the provision of financing to, or assist (whether as owner, part-owner, shareholder, member,
partner, director, officer, trustee, employee, agent or consultant, or in any other capacity), any business, organization or person other than the Company (or any subsidiary or affiliate of the Company), and including any such business, organization
or person involving, or which is, a family member of Executive, whose business, activities, products or services are competitive with any of the business, activities, products or services conducted or offered by the Company or its subsidiaries
during any period in which Executive serves as an officer or employee of the Company or any of its subsidiaries. 

(ii) Without implied limitation of the foregoing covenant, Executive further agrees that during the applicable Restricted
Period, Executive shall refrain from (A) hiring or engaging or attempting to hire or engage for or on behalf of Executive or 

  
 8 

 
any other person or entity, any officer or employee of the Company or any of its direct and/or indirect subsidiaries, or any former employee of the Company and any of its direct and/or indirect
subsidiaries who was employed during the six (6) month period immediately preceding the date of such attempt to hire or engage, other than by general solicitation through advertisements, (B) encouraging for or on behalf of Executive or any
other person or entity, any such officer or employee to terminate his or her relationship or employment with the Company or any of its direct or indirect subsidiaries, other than by general solicitation through advertisements, (C) soliciting
for or on behalf of Executive or any other person or entity any client of the Company or any of its direct or indirect subsidiaries, or any former client of the Company or any of its direct or indirect subsidiaries and affiliates who was a client
during the six (6) month period immediately preceding the date of such solicitation, to purchase any product or service competitive with any product or service offered by the Company or, to the knowledge of Executive, planned to be offered by
the Company, and (D) diverting to any person (as hereinafter defined) any client or business opportunity of the Company or any of any of its direct or indirect subsidiaries. 

(iii) The “Restricted Period” shall be extended by any period during which Executive engages in any violation of
the restrictive period during which Executive engages in any violation of the restriction in subsections (i) or (ii) above. 
 (iv) Notwithstanding anything herein to the contrary, Executive may make passive investments in any enterprise the shares of which are publicly traded if such investment constitutes less than two percent
(2%) of the equity of such enterprise. 
 (v) Neither Executive nor any business entity controlled by
Executive is a party to any contract, commitment, arrangement or agreement which could, following the date hereof, restrain or restrict the Company or any subsidiary of the Company from carrying on its business or restrain or restrict Executive from
performing his employment obligations, and as of the date of this Agreement Executive has no business interests whatsoever in or relating to the industries in which the Company or its subsidiaries currently engage, and other than passive investments
in the shares of public companies of less than two percent (2%). 
 (vi) In the event that Executive violates
this Section 6, Executive shall be liable to the Company for all of the reasonable attorney’s fees and other expenses that the Company incurs in its enforcement of this Section 6, in addition to any and all other remedies to which the
Company is entitled. 
 (g) Executive acknowledges that the provisions of this Section 6 are integral parts of
Executive’s employment arrangements with the Company. 
 7. Parties in Interest; Certain Remedies. It is
specifically understood and agreed that Section 6 of this Agreement is intended to confer a benefit, directly or indirectly, on the Company, its affiliates and their direct and indirect subsidiaries, and that any breach of any of the provisions
of Section 6 by Executive will result in irreparable injury to the Company, its affiliates and their direct and indirect subsidiaries, that the remedy at law alone will be an 

  
 9 

 
inadequate remedy for such breach and that, in addition to any other remedy it may have, the Company, its affiliates and their direct and indirect subsidiaries shall be entitled to enforce the
specific performance of this Agreement by Executive through temporary and permanent injunctive relief without the necessity of posting a bond or proving actual damages, but without limitation of their right to damages and any and all other legal and
equitable remedies available to them, it being understood that injunctive relief is in addition to, and not in lieu of, such other remedies. 
 8. Dispute Resolution. All disputes, claims, or controversies arising out of or relating to this Agreement or any other agreement executed and delivered pursuant to this Agreement or the
negotiation, validity or performance hereof and thereof or the rights and obligations of the parties hereunder or thereunder, and any and all other disputes between the parties, including without limitation any and all claims based in contract, tort
or any statute, including statutory discrimination and compensation claims, that are not resolved by mutual agreement shall be resolved solely and exclusively by binding arbitration to be conducted before JAMS/Endispute, Inc. or its successor. The
arbitration shall be held in Boston, Massachusetts before a single arbitrator and shall be conducted in accordance with the rules and regulations promulgated by JAMS/Endispute, Inc. unless specifically modified herein. In the event that any
representative or affiliate of the Company may be a party with regard to any controversy or claim involving Executive, such controversy or claim shall be submitted to arbitration subject to such other agreement. Judgment upon the award rendered by
the arbitrator may be entered in any court having jurisdiction thereof. This section shall be specifically enforceable. Notwithstanding the foregoing, this section shall not preclude either party from pursuing a court action for the sole purpose of
obtaining a temporary restraining order or a preliminary injunction in circumstances in which such relief is appropriate; provided that any other relief shall be pursued through an arbitration proceeding pursuant to this section. 

9. Notices. All notices, requests, demands and other communications hereunder shall be in writing and shall be deemed to have been
duly given if delivered personally or mailed by certified or registered mail (return receipt requested) as follows: 
  

			
	To the Company:	  	Monotype Imaging Inc.
		  	500 Unicorn Park Drive
		  	Woburn, MA 01801
		  	Attn: President
		  	With a copy to: General Counsel
		  	Facsimile No.: 781-970-6001

  
 10 

			
	To Executive:	  	Steven R. Martin
		  	c/o Monotype Imaging Inc.
		  	500 Unicorn Park Drive
		  	Woburn, MA 01801

 or to such other address of which any party may notify the other parties as provided above. Notices shall be effective as
of the date of such delivery or mailing. 
 10. Scope of Agreement. The parties acknowledge that the time, scope,
geographic area and other provisions of Section 6 have been specifically negotiated by sophisticated parties and agree that all such provisions are reasonable under the circumstances of Executive’s contemplated employment, and are given as
an integral and essential part of the employment contemplated hereby. Executive has been advised to independently consult with counsel concerning the reasonableness and propriety of the covenants contained herein, with specific regard to the
business to be conducted by Company and its subsidiaries and affiliates, and represents that the Agreement is intended to be, and shall be, fully enforceable and effective in accordance with its terms. 

11. Severability. In the event that any covenant contained in this Agreement shall be determined by any court of competent
jurisdiction to be unenforceable by reason of its extending for too great a period of time or over too great a geographical area or by reason of its being too extensive in any other respect, it shall be interpreted to extend only over the maximum
period of time for which it may be enforceable and/or over the maximum geographical area as to which it may be enforceable and/or to the maximum extent in all other respects as to which it may be enforceable, all as determined by such court in such
action. 
 12. Insurance; Indemnification. The Company shall maintain directors and officers liability insurance with
such coverage and other terms and conditions as the Board of Directors shall in good faith deem appropriate for the Company. The Company shall also indemnify Executive to the maximum extent permitted under applicable law against all liabilities and
expenses, including amounts paid in satisfaction of judgments, in compromise, or as fines and penalties, and counsel fees, reasonably incurred by Executive in connection with the defense or disposition of any civil, criminal, administrative or
investigative action, suit or other proceeding, whether civil or criminal, in which he may be involved or with which he may be threatened, while an officer or director of the Company or any of its subsidiaries or thereafter, by reason of
Executive’s being or having been an officer or director of the Company or any of its subsidiaries. 
 Expenses (including attorney’s
fees) incurred by Executive in defending any such action, suit or other proceeding shall be paid by the Company in advance of the final disposition of such action suit, or proceeding upon receipt of any undertaking by or on behalf of Executive to
repay such amount if it shall be ultimately determined that he is not entitled to be indemnified by the Company. The right of indemnification provided herein shall not be exclusive of or affect any other rights to which Executive may be entitled.
The provisions hereof shall survive expiration or termination of this Agreement for any reason whatsoever. 

  
 11 

 13. Consent to Jurisdiction. To the extent that any court action is permitted
consistent with or to enforce Section 6 of this Agreement, the parties hereby consent to the jurisdiction of the Superior Court of the Commonwealth of Massachusetts and the United States District Court for the District of Massachusetts.
Accordingly, with respect to any such court action, Executive submits to the personal jurisdiction of such courts. 
 14.
Integration. This Agreement constitutes the entire agreement between the parties with respect to the subject matter hereof and supersedes all prior agreements between the parties concerning such subject matter. 

15. Withholding. All payments made by the Company to Executive under this Agreement shall be net of any tax or other amounts
required to be withheld by the Company under applicable law. 
 16. Notices. Any notices, requests, demands and other
communications provided for by this Agreement shall be sufficient if in writing and delivered in person or sent by a nationally recognized overnight courier service or by registered or certified mail, postage prepaid, return receipt requested, to
Executive at the last address Executive has filed in writing with the Company or, in the case of the Company, at its main offices, attention of the Board. 
 17. Amendment. This Agreement may be amended or modified only by a written instrument signed by Executive and by a duly authorized representative of the Company. 

18. Miscellaneous. The failure of either of the parties to require the performance of a term or obligation or to exercise any
right under this Agreement or the waiver of any breach hereunder shall not prevent subsequent enforcement of such term or obligation or exercise of such right or the enforcement at any time of any other right hereunder or be deemed a waiver of any
subsequent breach of the provision so breached, or of any other breach hereunder. This Agreement shall inure to the benefit of, and be binding upon and assignable to, successors of the Company by way of merger, consolidation or sale and may not be
assigned by Executive. This Agreement supersedes and terminates all prior understandings and agreements between the parties (or their predecessors) relating to the subject matter hereof. For purposes of this Agreement, the term “person”
means an individual, corporation, partnership, association, trust or any unincorporated organization; a “subsidiary” means any corporation more than 50 percent of whose outstanding voting securities, or any partnership, joint venture or
other entity more than 50 percent of whose total equity interest, is directly or indirectly owned by such person; and an “affiliate” of a person shall mean, with respect to a person or entity, any person or entity which directly or
indirectly controls, is controlled by, or is under common control with such person or entity. 
 19. Section 409A.

 (a) Anything in this Agreement to the contrary notwithstanding, if at the time of Executive’s separation from service
within the meaning of Section 409A of the Code, the Company determines that Executive is a “specified employee” within the meaning of Section 409A(a)(2)(B)(i) of the Code, then to the extent any payment or benefit that Executive
becomes entitled to under this Agreement would be considered deferred compensation subject to the 20 

  
 12 

 
percent additional tax imposed pursuant to Section 409A(a) of the Code as a result of the application of Section 409A(a)(2)(B)(i) of the Code, such payment shall not be payable and such
benefit shall not be provided until the date that is the earlier of (A) six months and one day after Executive’s separation from service, or (B) Executive’s death. If any such delayed cash payment is otherwise payable on an
installment basis, the first payment shall include a catch-up payment covering amounts that would otherwise have been paid during the six-month period but for the application of this provision, and the balance of the installments shall be payable in
accordance with their original schedule. 
 (b) The parties intend that this Agreement will be administered in accordance with
Section 409A of the Code. To the extent that any provision of this Agreement is ambiguous as to its compliance with Section 409A of the Code, the provision shall be read in such a manner so that all payments hereunder comply with
Section 409A of the Code. The parties agree that this Agreement may be amended, as reasonably requested by either party, and as may be necessary to fully comply with Section 409A of the Code and all related rules and regulations in order
to preserve the payments and benefits provided hereunder without additional cost to either party. 
 (c) The determination of
whether and when a separation from service has occurred shall be made in accordance with the presumptions set forth in Treasury Regulation Section 1.409A-1(h). 
 (d) The Company makes no representation or warranty and shall have no liability to Executive or any other person if any provisions of this Agreement are determined to constitute deferred compensation
subject to Section 409A of the Code but do not satisfy an exemption from, or the conditions of, such Section. 
 20.
Governing Law. This is a Massachusetts contract and shall be construed under and be governed in all respects by the laws of the Commonwealth of Massachusetts, without giving effect to the conflict of laws principles of such Commonwealth. With
respect to any disputes concerning federal law, such disputes shall be determined in accordance with the law as it would be interpreted and applied by the United States Court of Appeals for the First Circuit. 

21. Counterparts. This Agreement may be executed in any number of counterparts, each of which when so executed and delivered shall
be taken to be an original; but such counterparts shall together constitute one and the same document. 
 22. Gender
Neutral. Whenever used herein, a pronoun in the masculine gender shall be considered as including the feminine gender unless the context clearly indicates otherwise. 
 [Remainder of Page Intentionally Left Blank] 

  
 13 

 IN WITNESS WHEREOF, the parties have executed this Executive Employment Agreement under seal as of
the date first set forth above. 
  

			
	COMPANY:
	
	MONOTYPE IMAGING INC.
		
	By:	 	 /s/ Douglas J. Shaw

	Name	 	Douglas J. Shaw
	Title:	 	President and Chief Executive Officer
	
	EXECUTIVE:
	
	 /s/ Steven R. Martin

	Steven R. Martin

 [Signature Page to Employment Agreement (Martin)]EX-10.1

 Exhibit 10.1 
 ANNUAL INCENTIVE PLAN 
 ARTICLE 1 

Background, Purpose and Design 
 1.1. Background. Unum Group hereby adopts, effective as of January 1, 2013, the Annual Incentive Plan, an annual incentive bonus plan for its officers and employees (the
“Plan”). 
 1.2. Purpose. The purpose of the Plan is to motivate the Participants to
perform in a way that will enable the Company to reach or exceed its goals. 
 1.3. Subparts of the Plan.
The Plan consists of two subparts: (i) the Executive Officer Incentive Plan, under which Incentive Awards to designated executive officers are based upon the achievement of objectively determinable corporate performance goals measured over a
period of up to twelve months; and (ii) the Employee Incentive Plan, under which Incentive Awards to employees or officers who are not participants in the Executive Officer Incentive Plan are based upon the achievement of corporate and/or
individual performance goals measured over a period of up to twelve months. 
 ARTICLE 2 

Definitions 
 2.1. Definitions. Certain terms of the Plan have defined meanings set forth in this Article 2 and which shall govern unless the context in which they are used clearly indicates that some other
meaning is intended. 
 Act. The Securities Exchange Act of 1934, as amended from time to time. 

Beneficiary. Any person or persons designated by a Participant, in accordance with procedures established under
Article 8.1 of the Plan, to receive benefits hereunder in the event of the Participant’s death. 

Board. The Board of Directors of the Company. 

Cause. The term “Cause” with respect to a Participant shall have the meaning assigned such term in any
separate employment, change of control or severance agreement between the Participant and the Company or any Subsidiary as then in effect. In the absence of such other agreement or definition, the term “Cause” as used herein and for
the purposes of this Plan shall mean the occurrence of one or more of the following with respect to a Participant: 
 (1) The continued failure of the Participant to perform substantially his or her duties with the Company or one of its affiliates (other than any such failure resulting from incapacity due to physical or
mental illness), after a written demand for substantial performance is delivered to the Participant by the Board, in the event the Participant is the CEO, or by the CEO or other appropriate manager of the Participant, in the event the Participant is
not the CEO, which in each case specifically identifies the manner in which 

 
the Board, CEO or other appropriate manager, as the case may be, believes that the Participant has not substantially performed the Participant’s duties, or 

(2) The willful engaging by the Participant in illegal conduct or gross misconduct which is materially
and demonstrably injurious to the Company, or 
 (3) Conviction of a felony or a guilty or
nolo contendere plea by the Participant with respect thereto. 
 For purposes of this Cause definition,
no act or failure to act, on the part of a Participant, shall be considered “willful” unless it is done, or omitted to be done, by the Participant in bad faith or without reasonable belief that the Participant’s action or omission was
in the best interests of the Company. Any act, or failure to act, based upon authority given pursuant to a resolution duly adopted by the Board or (with respect to Participants other than the CEO) upon the instructions of the CEO, or based upon the
advice of counsel for the Company, shall be conclusively presumed to be done, or omitted to be done, by the Participant in good faith and in the best interests of the Company. The cessation of employment of a Participant in the Executive Officer
Incentive Plan shall not be deemed to be for Cause unless and until there shall have been delivered to the Participant a copy of a resolution duly adopted by the affirmative vote of not less than two-thirds of the entire membership of the Board at a
meeting of the Board called and held for such purpose (after reasonable notice is provided to the Participant and the Participant is given an opportunity, together with counsel, to be heard before the Board) finding that, in the good faith opinion
of the Board, the Participant is guilty of the conduct described in subparagraph (1) or (2) above, and specifying the particulars thereof in detail. 
 CEO. The chief executive officer of the Company. 

Change in Control. The occurrence of one or more of the following events: 

(1) During any period of two consecutive years, individuals who, at the beginning of such period,
constitute the Board (the “Incumbent Directors”) cease for any reason to constitute at least a majority of the Board; provided that any person becoming a director and whose election or nomination for election was approved by
a vote of at least two-thirds of the Incumbent Directors then on the Board (either by a specific vote or by approval of the proxy statement of the Company in which such person is named as a nominee for director, without written objection to such
nomination) shall be an Incumbent Director; provided, however, that no individual initially elected or nominated as a director of the Company as a result of an actual or threatened election contest (as described in Rule 14a-11 under
the Act) (“Election Contest”) or other actual or threatened solicitation of proxies or consents by or on behalf of any “person” (as such term is defined in Section 3(a)(9) of the Act and as used in Sections 13(d)(3)
and 14(d)(2) of the Act) other than the Board (“Proxy Contest”), including by reason of any agreement intended to avoid or settle any Election or Contest or Proxy Contest, shall be deemed an Incumbent Director; 

(2) Any person is or becomes a “beneficial owner” (as defined in Rule 13d-3 under the Act),
directly or indirectly, of securities of the Company representing 20% 

  
 -2-

 
(30% with respect to deferred compensation subject to Section 409A of the Code) or more of the combined voting power of the Company’s then outstanding securities eligible to vote for
the election of the Board (the “Company Voting Securities”); provided, however, that the event described in this paragraph (2) shall not be deemed to be a Change in Control of the Company by virtue of any of the
following acquisitions: (A) by the Company or any Subsidiary, (B) by any employee benefit plan (or related trust) sponsored or maintained by the Company or any Subsidiary, (C) by an underwriter temporarily holding securities pursuant
to an offering of such securities, (D) pursuant to a Non-Qualifying Transaction (as defined in paragraph (3)), or (E) a transaction (other than one described in paragraph (3) below) in which Company Voting Securities are acquired from
the Company, if a majority of the Incumbent Directors approves a resolution providing expressly that the acquisition pursuant to this clause (E) does not constitute a Change in Control of the Company under this paragraph (2); 

(3) The consummation of a merger, consolidation, statutory share exchange or similar form of corporate
transaction involving the Company or any of its Subsidiaries that requires the approval of the Company’s stockholders, whether for such transaction or the issuance of securities in the transaction (a “Reorganization”), or sale
or other disposition of all or substantially all of the Company’s assets to an entity that is not an affiliate of the Company (a “Sale”), unless immediately following such Reorganization or Sale: (A) more than 50% of the
total voting power of (x) the corporation resulting from such Reorganization or the corporation which has acquired all or substantially all of the assets of the Company (in either case, the “Surviving Corporation”), or
(y) if applicable, the ultimate parent corporation that directly or indirectly has beneficial ownership of 100% of the voting securities eligible to elect directors of the Surviving Corporation (the “Parent Corporation”), is
represented by the Company Voting Securities that were outstanding immediately prior to such Reorganization or Sale (or, if applicable, is represented by shares into which such Company Voting Securities were converted pursuant to such Reorganization
or Sale), and such voting power among the holders thereof is in substantially the same proportion as the voting power of such Company Voting Securities among the holders thereof immediately prior to the Reorganization or Sale, (B) no person
(other than any employee benefit plan (or related trust) sponsored or maintained by the Surviving Corporation or the Parent Corporation) is or becomes the beneficial owner, directly or indirectly, of 20% (30% with respect to deferred compensation
subject to Section 409A of the Code) or more of the total voting power of the outstanding voting securities eligible to elect directors of the Parent Corporation (or, if there is no Parent Corporation, the Surviving Corporation), and
(C) at least a majority of the members of the board of directors of the Parent Corporation (or, if there is no Parent Corporation, the Surviving Corporation) following the consummation of the Reorganization or Sale were Incumbent Directors at
the time of the Board’s approval of the execution of the initial agreement providing for such Reorganization or Sale (any Reorganization or Sale which satisfies all of the criteria specified in (A), (B) and (C) above shall be deemed
to be a “Non-Qualifying Transaction”); or 
 (4) The stockholders of the
Company approve a plan of complete liquidation or dissolution of the Company. 

  
 -3-

 Notwithstanding the foregoing, a Change in Control shall not be deemed to
occur solely because any person acquires beneficial ownership of more than 20% (30% with respect to deferred compensation subject to Section 409A of the Code) of the Company Voting Securities as a result of the acquisition of Company Voting
Securities by the Company which reduces the number of Company Voting Securities outstanding; provided, that if after such acquisition by the Company such person becomes the beneficial owner of additional Company Voting Securities that
increases the percentage of outstanding Company Voting Securities beneficially owned by such person, a Change in Control of the Company shall then occur. 
 Code. The Internal Revenue Code of 1986, as amended from time to time. 
 Committee. The Human Capital Committee of the Board or, to the extent that the Human Capital Committee shall have delegated authority to the CEO or the Chair of the Committee as permitted in
Article 3, the term “Committee” shall mean the CEO or such Chair, as the case may be (it being understood that, in the case of any Incentive Award granted hereunder intended to qualify as “performance-based compensation”
within the meaning of Section 162(m) of the Code, the Committee shall consist solely of two or more “outside directors” within the meaning of Section 162(m) of the Code). 

Company. Unum Group, a Delaware corporation, and its corporate successors. 

Disability. Disability of a Participant means the Participant is (1) unable to engage in any substantial
gainful activity by reason of any medically determinable physical or mental impairment that can be expected to result in death or that can be expected to last for a continuous period of not less than 12 months, or (2) by reason of any medically
determinable physical or mental impairment that can be expected to result in death or can be expected to last for a continuous period of not less than 12 months, receiving income replacement benefits for a period of not less than three months under
an accident and health plan covering employees of the Company. The Committee may require such medical or other evidence as it deems necessary to judge the nature and permanency of the Participant’s condition. 

Employee Incentive Plan. The portion of the Plan, set forth in Article 6, pursuant to which employees or officers
who are not Participants in the Executive Officer Incentive Plan for a given Plan Year may earn Incentive Awards based on the achievement of goals measured over a period of up to twelve months. 

Executive Compensation. The Executive Compensation division of the Human Resources Department of the Company.

 Executive Officer Incentive Plan. The portion of the Plan, set forth in Article 5, pursuant to which
the CEO and other executive officers designated by the Committee may earn Incentive Awards based on the achievement of performance goals measured over a period of up to twelve months. 

Incentive Award. A cash award granted pursuant to Article 5 or 6 of the Plan. 

Job Requalification. A termination of employment due to the fact that it may be necessary for the Company to
require the applicable Participant to attain greater skill levels to 

  
 -4-

 
retain his or her position and, for business reasons, the Company determines there is not sufficient time or the Participant does not have sufficient ability for the Participant to develop these
skills. A Job Requalification can also occur when a position changes or evolves such that the Participant is no longer qualified to perform the job functions of such position (as determined by the Company). 

Participant. An employee of the Company or its Subsidiaries participating in the Plan. 

Plan. This Annual Incentive Plan, dated effective as of January 1, 2013, together with any subsequent
amendments hereto. 
 Plan Year. January 1 to December 31 of the applicable year. 

Retirement. Retirement of a Participant shall mean voluntary termination of employment after having attained age
55 and at least 5 years of service with the Company or a Subsidiary. 
 Subsidiary. Any corporation,
limited liability company, partnership or other entity of which a majority of the outstanding voting stock or voting power is beneficially owned directly or indirectly by the Company. 

ARTICLE 3 

Administration of the Plan 
 3.1. General. The Plan shall be administered by the Committee. 
 3.2. Actions and Interpretations by the Committee. For purposes of administering the Plan, the Committee may from time to time adopt rules, regulations, guidelines and procedures for carrying out
the provisions and purposes of the Plan and make such other determinations, not inconsistent with the Plan, as the Committee may deem appropriate. The Committee’s interpretation of the Plan, any awards granted under the Plan, and all decisions
and determinations by the Committee with respect to the Plan are and shall be final, binding, and conclusive on all parties. Each member of the Committee is entitled to, in good faith, rely or act upon any report or other information furnished to
that member by any officer or other employee of the Company, the Company’s independent certified public accountants, Company counsel or any executive compensation consultant or other professional retained by the Company or the Committee to
assist in the administration of the Plan. No member of the Committee, the Board of Directors, or any delegate as the case may be, shall be liable for any act under the Plan done in good faith. 

3.3. Authority of the Committee. Except as provided below in this Section 3.3, the Committee has the
exclusive power, authority and discretion to: 
 (a) designate Participants; 

(b) establish the goals and target awards under the Executive Officer and Employee Incentive Plans for
each Plan Year and determine whether or to what extent performance goals were achieved in a given Plan Year; 

  
 -5-

 (c) determine the amount of actual awards under the
Executive Officer Incentive Plan for each Plan Year, or determine, under the Employee Incentive Plan, the amount of actual awards or the methodology for determination and the aggregate amount of awards, subject to the terms of the Plan; 

(d) increase, reduce or eliminate any Incentive Award payable under the Employee Incentive Plan,
regardless of the achievement of performance goals; 
 (e) reduce or eliminate any Incentive
Award payable under the Executive Officer Incentive Plan, regardless of the achievement of performance goals; 
 (f) decide all other matters that must be determined in connection with an Incentive Award; 
 (g) establish, adopt or revise any rules, regulations, guidelines or procedures as it may deem necessary or advisable to administer the Plan; 

(h) make all other decisions and determinations that may be required under the Plan or as the Committee
deems necessary or advisable to administer the Plan; 
 (i) amend, modify or terminate the Plan
as provided herein; and 
 (j) adopt such modifications, procedures, and subplans as may be
necessary or desirable (i) to effectuate the compensation incentive objectives of the Company or (ii) to comply with provisions of the laws of non-U.S. jurisdictions in which the Company or any affiliate may operate, in order to assure the
viability of the benefits of awards granted to Participants located in such other jurisdictions and to meet the objectives of the Plan; provided, however, that any such modifications, procedures and subplans shall not apply with
respect to participation in the Executive Officer Incentive Plan if they would cause Incentive Awards thereunder to fail to qualify as “performance-based” compensation as defined in Section 162(m) of the Code. 

Nothing contained in the Plan shall prevent or be deemed to prevent the Committee or the Company, any Subsidiary or any
of their respective affiliates from adopting other or additional compensation arrangements for, or paying or providing any other or additional amounts or benefits to, its employees. 

To the extent permitted under Delaware law, the Committee may expressly delegate to the CEO or the Chair of the Committee
(the “Chair”) some or all of the Committee’s authority under subsections (a) through (d) above with respect to the Employee Incentive Plan, pursuant to guidelines approved by the Committee. To the extent of such
delegated authority, references herein to “Committee” shall refer to the CEO or the Chair, as the case may be. In addition, the Committee, may, in its discretion, delegate its general administrative duties under the Plan to an officer or
employee or committee composed of officers or employees of the Company, but may not delegate its authority to construe and interpret the Plan. The acts of the CEO, the Chair and any other persons acting under such delegated authority shall be
treated hereunder as acts of the Committee and the delegates shall report to the Committee regarding the delegated duties and responsibilities. 

  
 -6-

 ARTICLE 4 
 Eligibility and Participation; Change in Control 
 4.1.
General. Participation in the Plan is limited to such officers or employees, or categories of employees, of the Company as may be designated by the Committee from time to time. Participation in one Plan Year does not guarantee participation
in any subsequent Plan Year. 
 4.2. New Hires. If a person is hired on or before September 30 of a
Plan Year and is selected for participation in the Plan for such Plan Year, then, unless the Committee provides otherwise, he or she will become a Participant in the Plan as of the date of hire and (without limiting the other provisions of this
Article 4) payment, if any, in respect of the Incentive Award will be prorated in an amount equal to the product of (i) the amount earned in respect of the Incentive Award according to the terms and conditions of this Plan, and (ii) a
fraction, the numerator of which is the number of days in the Plan Year on and after the date of hire and the denominator of which is the number of days in such Plan Year. If an employee’s date of hire occurs after September 30, such
employee shall not be eligible to become a Participant for the Plan Year in which the employee’s date of hire occurs. 
 4.3. Promotions. Subject to the penultimate sentence of this Section 4.3 and without limiting the other provisions of this Article 4, if a Participant is promoted on or before November 30
of a Plan Year from one job level to a higher job level, such Participant will be eligible to receive payment in respect of his or her Incentive Award for the Plan Year in which the promotion occurs in an amount equal to the sum of (i) the
product of (A) the amount earned in respect of the Incentive Award according to the terms and conditions of this Plan (based on the Participant’s job level immediately before the promotion) and (B) a fraction, the numerator of which
is the number of days in the Plan Year before the date of promotion during which the employee is a Participant in this Plan and the denominator of which is the number of days in such Plan Year, and (ii) the product of (C) the amount earned
in respect of the Incentive Award according to the terms and conditions of this Plan (based on the Participant’s job level immediately after the promotion) and (D) a fraction, the numerator of which is the number of days in the Plan Year
on and after the date of promotion and the denominator of which is the number of days in such Plan Year; provided, that if a Participant is promoted multiple times on or before November 30 of a Plan Year, the calculation of his or her
Incentive Award for the Plan Year will account for all job levels held during the Plan Year based on the number of days in the Plan Year during which each job level was held; provided further, however, that any promotion occurring
after November 30 of a Plan Year will not be factored into the Incentive Award calculation for such Plan Year, such Incentive Award instead being calculated as if the promotion had not occurred. If a person is promoted on or before
November 30 of a Plan Year and is selected by the Committee to participate in the Plan as a result of such promotion, then, unless the Committee provides otherwise, he or she will become a Participant in the Plan as of the date of the promotion
and payment, if any, in respect of the Incentive Award will (without limiting the other provisions of this Article 4) equal the product of (1) the amount earned in respect of the Incentive Award according to the terms and conditions of this
Plan (based on the Participant’s job level immediately after the date of promotion), and (2) a fraction, the numerator of which is the number of days in the Plan Year on and after the date of promotion and the denominator of which is the
number of days in such Plan Year. If a person is promoted after 

  
 -7-

 
November 30 and is not a Participant in this Plan prior to such promotion, such person shall not be eligible to become a Participant for the Plan Year in which such promotion occurs.

 4.4. Demotions. If a Participant is demoted during the Plan Year, the Committee may, at any time
before payment in respect of Incentive Awards granted for the Plan Year in which such demotion occurs generally is made to other Participants and without limiting the other provisions of this Article 4, determine whether and the extent to which the
Participant’s eligibility to receive payment in respect of his or her Incentive Award terminates or survives. The Committee may (without limitation) determine that the payment, if any, in respect of the demoted Participant’s Incentive
Award will (without limiting the other provisions of this Article 4) equal the product of (1) the amount earned in respect of the Incentive Award according to the terms and conditions of this Plan (based on the Participant’s job level
immediately before the date of demotion), and (2) a fraction, the numerator of which is the number of days in the Plan Year before the date of demotion during which the employee is a Participant in this Plan and the denominator of which is the
number of days in such Plan Year. 
 4.5. Death, Disability, Retirement, Position Elimination and Job
Requalification. Subject to Section 4.7 below: 
 (a) In the event of death, Disability
or Retirement of a Participant during the applicable Plan Year on or after the last business day of March during such Plan Year, the Participant or the Participant’s Beneficiary, as applicable, will receive a prorated payment in respect of the
Participant’s Incentive Award (subject to the terms and conditions of Section 4.5(c)). 
 (b) In the event a Participant incurs a termination of employment by reason of the elimination of his or her position or a Job Requalification in each case during the applicable Plan Year on or after the
last business day of June during such Plan Year, the Participant will receive a prorated payment in respect of the Participant’s Incentive Award (subject to the terms and conditions of Section 4.5(c)). 

(c) For purposes of Sections 4.5(a) and (b), and without limiting the other provisions of this Article 4,
the prorated payment, if any, received in respect of an Incentive Award equals the product of (1) the amount earned in respect of the Incentive Award according to the terms and conditions of this Plan, and (2) a fraction, the numerator of
which is the number of days in the Plan Year preceding the date of death, Disability, Retirement or termination of employment by reason of the elimination of a Participant’s position or a Job Requalification and the denominator of which is the
number of days in such Plan Year. In each case, the Participant will be entitled to all or a portion of the prorated payment, if any, calculated according to the immediately preceding sentence only after taking into account manager recommendations
as to the applicable Participant’s individual performance. Such prorated payments will in all cases be calculated and paid after the end of the Plan Year at the time that Participants generally receive payments of Incentive Awards under this
Plan. Amounts paid on behalf of a deceased Participant will be paid to the Participant’s Beneficiary. For the avoidance of doubt, in the event of the Participant’s termination of employment by reason of Disability or Retirement, or in the
event of the Participant’s death, in each case before the 

  
 -8-

 
last business day of March of a Plan Year, or in the case of a Participant’s termination of employment by reason of the elimination of his or her position or a Job Requalification in each
case before the last business day of June of a Plan Year, the Participant will forfeit any right to an Incentive Award for that Plan Year. 
 4.6. Other Terminations of Employment. Except as provided in Section 4.7, in the event of a Participant’s termination of employment during a Plan Year (or after the end of a Plan Year and
before the time the Committee has approved the level of payment in respect of Incentive Awards granted for such Plan Year) other than by reason of death, Disability, Retirement, the elimination of his or her position or a Job Requalification, the
Participant will forfeit any right to an Incentive Award for that Plan Year. For terminations that occur after the time the Committee approves the level of payment in respect of Incentive Awards granted for a Plan Year, but before payment is made in
respect of such Incentive Awards, payment will be made as though the termination of employment had not occurred. Solely for purposes of the Plan, the employment relationship shall be treated as continuing while the Participant is on military leave,
sick leave, or other bona fide leave of absence if the period of such leave does not exceed six months, or if longer, so long as the individual retains a right to reemployment, or is otherwise protected, with the service recipient under an
applicable statute or by contract. A termination of employment shall not occur in a circumstance in which a Participant transfers employment from the Company to one of its Subsidiaries, transfers employment from a Subsidiary to the Company, or
transfers employment from one Subsidiary to another Subsidiary. 
 4.7. Change in Control. In the event
of a Change in Control, the Committee shall determine the level of payment, if any, in respect of outstanding Incentive Awards that would have been attained if the Plan Year had ended as of the end of the month immediately preceding the month in
which the Change in Control occurs based on actual performance through the end of the month immediately preceding the month in which the Change in Control occurs (the “CIC Vested Awards”). Thereafter: 

(a) Each Participant who is actively employed (within the meaning of this Article 4) at the end of the
Plan Year in which the Change in Control occurs shall be entitled to payment in respect of his or her Incentive Award in an amount equal to the greater of his or her CIC Vested Award and the amount, if any, earned in respect of the Incentive Award
based on actual performance for the entire Plan Year. 
 (b) If the Plan is terminated during a
Plan Year in which a Change in Control occurs upon or after such Change in Control, each Participant who is actively employed (within the meaning of this Article 4) at the time of such Plan termination shall be entitled to payment in respect of his
or her Incentive Award in an amount equal to the greater of his or her CIC Vested Award and the amount, if any, earned in respect of the Incentive Award based on actual performance through the date of termination of the Plan. 

(c) If a Participant’s employment is terminated by the Company without Cause during a Plan Year in
which a Change in Control occurs upon or after such Change in Control, such Participant shall be entitled to payment in respect of his or her Incentive Award in an amount equal to the greater of his or her CIC Vested Award and the amount, if any,
earned in respect of the Incentive Award based on actual performance through the date of termination of employment. 

  
 -9-

 ARTICLE 5 
 Executive Officer Incentive Plan 
 5.1. Eligibility.
Only the CEO and such other executive officers of the Company, if any, as shall be designated by the Committee are eligible to participate in the Executive Officer Incentive Plan. The Executive Officer Incentive Plan is designed with the intent that
Incentive Awards earned hereunder are eligible to be fully deductible by the Company in accordance with the deduction limits of Section 162(m) of the Code. 

5.2. Incentive Awards. Subject to Section 5.3 below, each Participant in the Executive Officer Incentive Plan
shall be eligible to receive an Incentive Award not to exceed $8 million in the event that the Company attains statutory after-tax operating earnings at least equal to $250 million for the prior fiscal year ending on December 31, which is the
approximate amount required to cover dividends to stockholders and interest on recourse debt of the Company. Within ninety (90) days after the commencement of the Plan Year for which Incentive Awards are granted under the Executive Officer
Incentive Plan, the Committee will confirm the performance goal applicable to such Incentive Awards. 
 5.3.
Negative Discretion. The Committee may not increase the amount payable under the Plan or with respect to an Incentive Award pursuant to Section 5.2, but retains the discretionary authority to reduce the amount. The Committee may
establish factors to consider in implementing its discretion, including, but not limited to, corporate or business unit performance against budgeted financial goals (e.g., operating income or revenue), achievement of non-financial goals,
economic and relative performance considerations and assessments of individual performance. 
 5.4.
Certification of Results and Payout. As soon as possible after the audited results for the Company are available for the applicable Plan Year, the Committee will certify the level of attainment, if any, of the performance goals applicable to
Incentive Awards for such Plan Year and calculate the resulting levels of payment in respect of Incentive Awards under the Executive Officer Incentive Plan. The Committee shall adjust any performance goals during or after the Plan Year to mitigate
the unbudgeted impact of unusual or non-recurring gains and losses, accounting changes, acquisitions, divestitures or “extraordinary items” within the meaning of generally accepted accounting principles and that were not foreseen at the
time such performance goals were established; provided, that such adjustments would not, in the reasonable judgment of the Committee, prevent an award intended to qualify as “performance-based compensation” within the meaning of
Section 162(m) of the Code from qualifying as “performance-based compensation” within the meaning of Section 162(m) of the Code. Incentive Awards earned by Participants under the Executive Officer Incentive Plan will be paid in
cash within thirty (30) days after the level of attainment of the applicable performance criteria has been certified by the Committee pursuant to this Section 5.4 and the amount has been approved by the Committee, and in all cases (except
as otherwise approved by the Committee) Incentive Awards shall be paid no later than March 15 of the year following the year in which the Incentive Award is earned. 

  
 -10-

 ARTICLE 6 
 Employee Incentive Plan 
 6.1. Eligibility. The
Committee may designate any officer or employee, or any category of employees, of the Company or its Subsidiaries as a Participant or Participants, as applicable, in the Employee Incentive Plan for any Plan Year; provided, that no person who
is a Participant in the Executive Officer Incentive Plan for a Plan Year may be a Participant in the Employee Incentive Plan for that same Plan Year. 
 6.2. Incentive Awards. Each Participant in the Employee Incentive Plan shall be eligible to receive an Incentive Award in connection with a particular Plan Year based on an individual’s
contribution to the business of the Company, as determined by the Committee, which contribution may be assessed on nonobjective as well as objective measures. 
 6.3. Establishment of Performance Goals. Within ninety (90) days after the commencement of the Plan Year for which Incentive Awards are granted under the Employee Incentive Plan (or such later
date as the Committee shall determine), the Committee will set the performance goal(s) applicable to such Incentive Awards. Such performance goals may, but need not, be the same as the performance goals under the Executive Officer Incentive Plan and
may be different for different Participants within the Employee Incentive Plan. For example, the Committee may choose to use corporate performance goals in conjunction with individual performance goals for certain Participants and may set different
performance goals for different Participants or classes of Participants in the Employee Incentive Plan. 
 6.4.
Establishment of Incentive Award Targets. Within ninety (90) days after the commencement of the Plan Year for which Incentive Awards are granted under the Employee Incentive Plan (or such later date as the Committee shall determine), the
Committee will determine the levels of payment (e.g., based on threshold, target, and maximum levels of attainment of the applicable performance goal(s)) in respect of such Incentive Awards, which may be set as either percentages of base
salary or a range of dollar amounts. Such levels may, but need not, be the same with respect to each Participant or from Plan Year to another Plan Year. The Committee may, to the extent applicable, establish the weightings applicable to each
Participant’s Incentive Award attributable to the level of attainment of the applicable performance goals. If established, such weightings shall be expressed as a percentage of the target-level payment in respect of the Incentive Award that can
be earned based on the level of attainment of the applicable performance goal. 
 6.5. Determination of
Awards and Payout. As soon as reasonably practicable after the completion of the applicable Plan Year, the Committee will certify the level of attainment, if any, of the performance goals applicable to Incentive Awards for such Plan Year and
calculate the resulting levels of payment in respect of Incentive Awards under the Employee Incentive Plan. The Committee shall have the right, for any reason, to increase, reduce or eliminate any Incentive Award earned under the Employee Incentive
Plan, notwithstanding the achievement of (or failure to achieve) a specified performance goal. Incentive Awards earned by Participants under the Employee Incentive Plan will be paid in cash within thirty (30) days after the level of attainment
of the applicable performance criteria has been certified by the Committee pursuant to this Section 6.5 and the amount has been approved by the Committee, and in all cases (except as 

  
 -11-

 
otherwise approved by the Committee) Incentive Awards shall be paid no later than March 15 of the year following the year in which the Incentive Award is earned. 

ARTICLE 7 

Amendment, Modification and Termination 
 7.1. Amendment, Modification and Termination. The Committee may at any time and from time to time alter, amend, suspend, or terminate the Plan in whole or in part; provided, however,
that no amendment that requires stockholder approval in order for Incentive Awards granted under the Executive Officer Incentive Plan to continue to be eligible to qualify as performance-based compensation within the meaning of Section 162(m)
of the Code shall be effective unless the same shall be approved by the Committee and the requisite vote of the Company’s stockholders. 
 ARTICLE 8 
 General Provisions 

8.1. Payment Recipient. All amounts payable under the Plan shall be paid to the appropriate Participant;
provided, however, that a Participant may, by written instruction during the Participant’s lifetime on a form prescribed by Executive Compensation, designate one or more primary Beneficiaries to receive the amount payable
hereunder following the Participant’s death, and may designate the proportions in which such Beneficiaries are to receive such payments. A Participant may change such designations from time to time, and the last written designation filed with
the Committee prior to the Participant’s death shall control. A Beneficiary designation shall not be considered effective unless made on a form prescribed by Executive Compensation and which is delivered to Executive Compensation. If any
Participant shall fail to designate a Beneficiary or shall designate a Beneficiary who shall fail to survive the Participant, the Beneficiary shall be the Participant’s beneficiary designated or otherwise determined under the employer-sponsored
group life insurance plan covering the Participant, as amended from time to time. 
 8.2.
Non-Assignability. None of the rights under the Plan shall be subject to the claim of any creditor of any Participant or Beneficiary, or to any legal process by any creditor of such Participant or Beneficiary, and none of them shall have any
right to alienate, commute, anticipate, pledge, assign or encumber any of the rights under the Plan except to the extent expressly provided herein to the contrary. 

8.3. No Right to Continued Employment. Participation in the Plan shall not give any employee any right to remain
in the Company’s employ. The Plan is not to be construed as a contract of employment for any period and does not alter the at-will status of any Participant. 

8.4. Participant’s Rights Unsecured; Waiver and Release. The benefits payable under the Plan shall be paid by
the Company each year out of the Company’s general assets. To the extent a Participant acquires the right to receive a payment under the Plan, such right shall be no greater than that of an unsecured general creditor of the Company. In
consideration of the granting of the award, Participants may be required to execute an agreement which, among other things, waives and releases all claims, whether known or unknown, that the Participant may have

  
 -12-

 
against the Company, its affiliates, directors, officers, agents or employees arising out of or related to the Participant’s employment, except for those claims against the benefit plans of
the Company. The waiver shall include such terms and conditions as shall be determined by the Committee in its discretion; provided that any such waiver and release shall comply with applicable laws and regulations, and, provided,
further, that the Committee may direct that no waiver and release shall be obtained. 
 8.5. Income
Tax Withholding and Offset. The Company shall have the authority and the right to deduct or withhold, or require a Participant to remit to the Company, an amount sufficient to satisfy federal, state, and local taxes (including the
Participant’s FICA obligation) required by law to be withheld with respect to any taxable event arising as a result of the Plan and will offset against the remainder any advances, loans, debts, sales deficits or similar amounts a Participant
owes the Company or any Subsidiaries or for which the Company or any Subsidiaries may be responsible. 
 8.6.
Governing Law. This Plan, and the rights and obligations of the parties thereunder, will be governed by and construed in accordance with the laws of the State of Delaware. 

8.7. Titles and Headings. The titles and headings of the Sections in the Plan are for convenience of reference
only, and in the event of any conflict, the text of the Plan, rather than such titles or headings, shall control. 
 8.8. Gender and Number. Except where otherwise indicated by the context, any masculine term used herein also shall include the feminine; the plural shall include the singular and the singular shall
include the plural. 
 The foregoing is hereby acknowledged as being the Annual Incentive Plan, as adopted as of
January 1, 2013, subject to the approval by the stockholders of the Company at the 2013 annual stockholders’ meeting. 

  
 -13-

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00217-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00217-of-00352.parquet"}]]