Document:

Exhibit 10.10.1

 Exhibit 10.10.1 
 PAETEC CORP. 
 2001 STOCK OPTION AND INCENTIVE PLAN 
 PAETEC Corp., a Delaware corporation (the “Company”), sets forth herein the terms of its 2001 Stock Option and Incentive Plan (the
“Plan”) as follows: 
 1. PURPOSE 
 The Plan is intended to enhance the Company’s ability to attract and retain highly qualified officers, key employees, outside directors and other persons, and to motivate such officers, key employees, outside directors and other
persons to serve the Company and its Affiliates (as defined herein) and to expend maximum effort to improve the business results and earnings of the Company, by providing to such officers, key employees, outside directors and other persons an
opportunity to acquire or increase a direct proprietary interest in the operations and future success of the Company. To this end, the Plan provides for the grant of stock options, restricted stock, restricted stock units, unrestricted stock, stock
appreciation rights and cash-based awards in accordance with the terms hereof. Stock options granted under the Plan may be non-qualified stock options or incentive stock options, as provided herein, except that stock options granted to outside
directors and all Service Providers shall in all cases be non-qualified stock options. 
 2. DEFINITIONS 
 For purposes of interpreting the Plan and related documents (including Award Agreements), the following definitions shall apply: 
  

	2.1.	“Affiliate” of, or person “affiliated” with, a person means any company or other trade or business that controls, is controlled by or is under
common control with such person within the meaning of Rule 405 of Regulation C under the Securities Act. 

  

	2.2.	“Amendment and Restatement Date” means the date the Plan, as amended and restated on July 26, 2005, is approved by the Company’s stockholders.

  

	2.3.	“Annual Incentive Award” means a Grant made subject to attainment of performance goals (as described in Section 15) over a performance period of up to
one year (the fiscal year, unless otherwise specified by the Committee). 

  

	2.4.	“Award Agreement” means the stock option agreement, restricted stock agreement, restricted stock unit agreement, stock appreciation right agreement, performance
award agreement, annual incentive award agreement or other written agreement between the Company and a Grantee that evidences and sets out the terms and conditions of a Grant. 

  

	2.5.	“Board” means the Board of Directors of the Company. 

  

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	2.6.	“Code” means the Internal Revenue Code of 1986, as now in effect or as hereafter amended. 

  

	2.7.	“Committee” means a committee of, and designated from time to time by resolution of, the Board. 

  

	2.8.	“Company” means PaeTec Corp., a Delaware corporation. 

  

	2.9.	“Effective Date” means the date designated by the Board in its resolution adopting the Plan. 

  

	2.10.	“Exchange Act” means the Securities Exchange Act of 1934, as now in effect or as hereafter amended. 

  

	2.11.	“Fair Market Value” means the closing price of a share of Stock reported on The Nasdaq National Market (“Nasdaq”) on the date Fair Market Value is being
determined, provided that if there should be no closing price reported on such date, the Fair Market Value of a share of Stock on such date shall be deemed equal to the closing price as reported by Nasdaq for the last preceding date on which sales
of shares were reported. Notwithstanding the foregoing, in the event that the shares of Stock are listed upon one or more established stock exchanges; Fair Market Value means the closing price of a share of Stock reported on the exchange that trades
the largest volume of shares on such date. If the Stock is not at the time listed or admitted to trading on Nasdaq or on an established stock exchange, Fair Market Value means the mean between the lowest reported bid price and highest reported asked
price of the Stock on the date in question in the over-the-counter market, as such prices are reported in a publication of general circulation selected by the Board and regularly reporting the market price of Stock in such market. If the Stock is
not listed or admitted to trading on Nasdaq or on any established stock exchange or traded in the over-the-counter market, Fair Market Value shall be as determined in good faith by the Board. 

  

	2.12.	“Grant” means an award of an Option, Restricted Stock, Restricted Stock Unit, Unrestricted Stock, Stock Appreciation Right or cash award under the Plan.

  

	2.13.	“Grant Date” means, as determined by the Board or authorized Committee, (i) the date as of which the Board or such Committee approves a Grant or (ii) such
other date as may be specified by the Board or such Committee. 

  

	2.14.	“Grantee” means a person who receives or holds an Option, Restricted Stock, Restricted Stock Unit, Stock Appreciation Right, Unrestricted Stock, Performance Award
or Annual Incentive Award under the Plan. 

  

	2.15.	“Immediate Family Members” means the spouse, children, grandchildren, parents and siblings of the Grantee. 

  

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	2.16.	“Incentive Stock Option” means an “incentive stock option” within the meaning of Section 422 of the Code. 

  

	2.17.	“Option” means an option to purchase one or more shares of Stock pursuant to the Plan. 

  

	2.18.	“Option Period” means the period during which Options may be exercised as set forth in Section 10 hereof. 

  

	2.19.	“Option Price” means the purchase price for each share of Stock subject to an Option. 

  

	2.20.	“Outside Director” means a member of the Board who is not an officer or employee of the Company or any Subsidiary. 

  

	2.21.	“Performance Award” means a Grant made subject to the attainment of performance goals (as described in Section 15) over a performance period of up to
ten (10) years. 

  

	2.22.	“Plan” means this 2001 Stock Option and Incentive Plan of PaeTec Corp., as amended from time to time. 

  

	2.23.	“Reporting Person” means a person who is required to file reports under Section 16(a) of the Exchange Act. 

  

	2.24.	“Restricted Period” means the period during which Restricted Stock or Restricted Stock Units are subject to restrictions or conditions pursuant to
Section 12.2 hereof. 

  

	2.25.	“Restricted Stock” means shares of Stock, awarded to a Grantee pursuant to Section 12 hereof, that are subject to restrictions and to a risk of
forfeiture. 

  

	2.26.	“Restricted Stock Unit” means a unit awarded to a Grantee pursuant to Section 12 hereof, which represents a conditional right to receive a share of
Stock in the future, and which is subject to restrictions and to a risk of forfeiture. 

  

	2.27.	“Securities Act” means the Securities Act of 1933, as now in effect or as hereafter amended. 

  

	2.28.	“Service Provider” means a consultant or adviser to the Company, a manager of the Company’s properties or affairs, or other similar service provider or
affiliate of the Company, and employees of any of the foregoing, as such persons may be designated from time to time by the Board pursuant to Section 6 hereof. 

  

	2.29.	“Stock” means the Class A common stock, par value $0.01 per share, of the Company or any other class or series of stock into which or for which such
Class A common stock may, after July 26, 2005, be reclassified, converted or otherwise exchanged. 

  

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	2.30.	“Stock Appreciation Right” or “SAR” means a right granted to a Grantee pursuant to Section 13 hereof. 

  

	2.31.	“Subsidiary” means any “subsidiary corporation” of the Company within the meaning of Section 424(f) of the Code. 

  

	2.32.	“Termination Date” means the date upon which an Option shall terminate or expire, as set forth in Section 10.2 hereof. 

  

	2.33.	“Unrestricted Stock” means an award of Stock granted to a Grantee pursuant to Section 14 hereof. 

 3. ADMINISTRATION OF THE PLAN 
 3.1. Board

 The Board shall have such powers and authorities related to the administration of the Plan as are consistent with the Company’s
certificate of incorporation, bylaws and applicable law. The Board shall have full power and authority to take all actions and to make all determinations required or provided for under the Plan, any Grant or any Award Agreement, and shall have full
power and authority to take all such other actions and make all such other determinations not inconsistent with the specific terms and provisions of the Plan that the Board deems to be necessary or appropriate to the administration of the Plan, any
Grant or any Award Agreement. All such actions and determinations shall be by the affirmative vote of a majority of the members of the Board present at a meeting or by unanimous consent of the Board executed in writing in accordance with the
Company’s certificate of incorporation, bylaws and applicable law. The interpretation and construction by the Board of any provision of the Plan, any Grant or any Award Agreement shall be final and conclusive. As permitted by law, the Board may
delegate its authority under the Plan to a member of the Board or an executive officer of the Company; provided, however, that, unless otherwise provided by resolution of the Board, only the Board or the Committee may make a Grant to a Reporting
Person of the Company and establish the number of shares of Stock that may be subject to Grants with respect to any fiscal period. 
 3.2.
Committee. 
 The Board from time to time may delegate to a Committee such powers and authorities related to the administration and
implementation of the Plan, as set forth in Section 3.1 hereof and in other applicable provisions of the Plan, as the Board shall determine, consistent with the Company’s certificate of incorporation, bylaws and applicable law,
rules and regulations. In the event that the Plan, any Grant or any Award Agreement provides for any action to be taken or determination to be made by the Board, such action may be taken by or such determination may be made by the Committee if the
power and authority to do so has been delegated to the Committee by the Board as provided for in this Section 3.2. Unless otherwise expressly determined by the Board, any such action or determination by the Committee shall be final,

  

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binding and conclusive. As permitted by applicable law, rules and regulations, the Committee may delegate the authority delegated to it under the Plan to a
member of the Board of Directors or an executive officer of the Company; provided, however, that, unless otherwise provided by the Board, only the Board or the Committee may make a Grant to a Reporting Person of the Company and establish the number
of shares of Stock that may be subject to Grants during any fiscal period. 
 3.3. Grants. 
 Subject to the other terms and conditions of the Plan, the Board shall have full and final authority to: (i) designate Grantees, (ii) determine
the types of Grants to be made to a Grantee, (iii) determine the number of shares of Stock to be subject to a Grant, (iv) establish the terms and conditions of each Grant, including, but not limited to, the Option Price of any Option, the
nature and duration of any restriction or condition (or provision for lapse thereof, including lapse relating to a change in control of the Company) relating to the vesting, exercise, transfer or forfeiture of a Grant or the shares of Stock subject
thereto, and any terms or conditions that may be necessary to qualify Options as Incentive Stock Options, (v) prescribe the form of each Award Agreement evidencing a Grant, (vi) make Grants alone, in addition to, in tandem with, or in
substitution or exchange for any other Grant or any other award granted under another plan of the Company or a Subsidiary, and (vii) amend, modify or supplement the terms of any outstanding Grant, which includes, without limitation, the
authority to reprice outstanding Options either by lowering the Option exercise price or by exchanging such Option for a new or different Grant. Such authority specifically includes the authority, in order to effectuate the purposes of the Plan but,
without amending the Plan, to modify Grants to eligible individuals who are foreign nationals or are individuals who are employed outside the United States to recognize differences in local law, tax policy or custom. As a condition to any subsequent
Grant, the Board shall have the right, at its discretion, to require Grantees to return to the Company any Grants previously awarded under the Plan. Subject to the terms and conditions of the Plan, any such subsequent Grant shall be upon such terms
and conditions as are specified by the Board at the time the subsequent Grant is made. 
 The Company may retain the right in an Award
Agreement to cause a forfeiture of the gain realized by a Grantee on account of actions taken by the Grantee in violation or breach of, or in conflict with, any non-competition agreement, any agreement prohibiting solicitation of employees or
clients of the Company or any affiliate thereof or any confidentiality obligation with respect to the Company or any affiliate thereof, to the extent specified in such Award Agreement applicable to the Grantee. Furthermore, the Company may annul a
Grant if the Grantee is an employee of the Company or an affiliate thereof and is terminated “for cause” as defined in the applicable Award Agreement. The Board may permit or require the deferral of any award payment, subject to
Section 409A of the Code and to such rules and procedures as it may establish, which may include provisions for the payment or crediting of interest or dividend equivalents, including converting such credits into deferred Stock equivalents.

  

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 3.4. No Liability. 
 No member of the Board or of the Committee shall be liable for any action or determination made in good faith with respect to the Plan or any Grant or Award Agreement. 
 3.5. Applicability of Rule 16b-3. 
 Those provisions of the Plan that make express reference to Rule 16b-3 under the Exchange Act shall apply only to Reporting Persons. 
 3.6. Book Entry 
 Notwithstanding any other provision of this Plan to the contrary, the Company may elect to satisfy any
requirement under this Plan for the delivery of stock certificates through the use of book-entry. 
 4. STOCK SUBJECT TO THE PLAN 
 4.1. Aggregate Limitation. 
 Subject to
adjustment as provided in Section 19 hereof, the aggregate number of shares of Stock available for issuance under the Plan pursuant to Options or other Grants shall be equal to the sum of (i) 20,225,650 shares and (ii) any
shares of Stock that are represented by awards granted under the Company’s 1998 Incentive Compensation Plan which are forfeited, expire or are canceled without the delivery of shares of Stock after June 30, 2005. As of June 30, 2005,
2,987,782 shares of Stock are represented by outstanding awards granted under the Company’s 1998 Incentive Compensation Plan. Shares of Stock available for issuance under the Plan may be authorized but unissued shares, treasury shares or issued
and outstanding shares that are purchased in the open market. Any shares of Stock granted under the Plan which are forfeited to the Company because of the failure to meet an award contingency or condition shall again be available for issuance
pursuant to new awards granted under the Plan. Any shares of Stock covered by an award (or portion of an award) granted under the Plan which is forfeited or canceled, expires or is settled in cash shall be deemed not to have been issued for purposes
of determining the maximum number of shares of Stock available for issuance under the Plan. If any stock option is exercised by tendering shares of Stock, either actually or by attestation, to the Company as full or partial payment in connection
with the exercise of a stock option under the Plan, only the number of shares of Stock issued net of the shares of Stock tendered shall be deemed issued for purposes of determining the maximum number of shares of Stock available for issuance under
the Plan. Shares of Stock issued under the Plan through the settlement, assumption or substitution of outstanding awards or obligations to grant future awards resulting from the acquisition of another entity shall not reduce the maximum number of
shares available for issuance under the Plan. 
  

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 4.2. Other Plan Limits. 
 Subject to adjustment as provided in Section 19 hereof, the following additional limitations are imposed under the Plan. The maximum number of
shares of Stock that may be delivered through stock options intended to be Incentive Stock Options shall be the aggregate number of shares of Stock available for issuance under the Plan pursuant to Section 4.1. Subject to adjustment as
provided in Section 18 hereof, the maximum number of shares of Stock that may be issued in conjunction with awards granted pursuant to Section 12 and 14 hereof shall be the aggregate number of shares of Stock available
for issuance under the Plan pursuant to Section 4.1. 
 4.3. Application of Aggregate Limitation. 
 The Board may adopt reasonable counting procedures to ensure appropriate counting, avoid double counting (as, for example, in the case of tandem or
substitute awards) and make adjustments if the number of shares of Stock actually delivered differs from the number of shares of Stock previously counted in connection with a Grant. 
 4.4. Per-Grantee Limitations. 
 During
any time when the Company has a class of equity security registered under Section 12 of the Exchange Act and subject to adjustment as provided in Section 19 hereof: 
 (i) no person eligible for a Grant under Section 6 hereof may be awarded in any single calendar year Options under this Plan exercisable for
greater than five hundred thousand (500,000) shares of Stock; 
 (ii) the maximum number of shares of Unrestricted Stock and Restricted
Stock that may be awarded under the Plan (including for this purpose any shares of Stock represented by Restricted Stock Units) to any person eligible for a Grant under Sections 12 and 14 hereof if such Grant is intended to qualify as
performance-based under Code Section 162(m) is five hundred thousand (500,000) in any single calendar year; 
 (iii) the maximum
number of shares of Stock that may be the subject of SARs awarded to any Grantee under Section 13 hereof is five hundred thousand (500,000) in any single calendar year; 
 (iv) the maximum amount that may be earned as an Annual Incentive Award or other cash award under the Plan in any calendar year by any one Grantee shall
be $5 million and the maximum amount that may be earned as a Performance Award or other cash award in respect of a performance period of greater than one year by any one Grantee shall be $10 million. 
  

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 5. EFFECTIVE DATE AND TERM OF THE PLAN 
 5.1. Effective Date and Amendment and Restatement Date. 
 The Plan prior to its amendment and restatement herein was originally effective as of the Effective Date. The Plan as herein amended and restated was approved by the Board on July     , 2005
and shall be effective as of date the Plan is approved by the Company’s stockholders. If the stockholders of the Company fail to approve the Plan as herein amended and restated within one year of the date the Plan as herein amended and restated
was approved by the Board, any Grants made hereunder in excess of the number of shares available for Grants under the Plan prior to its amendment and restatement shall be null and void and of no effect, and the applicable terms of the Plan shall be
the terms in effect immediately prior to the Plan’s amendment and restatement. The amendment and restatement of the Plan shall have no effect on Grants made under the Plan prior to the Amendment and Restatement Date. 
 5.2. Term. 
 The Plan shall terminate
on July     , 2015, if not earlier terminated by the Board. 
 6. PERMISSIBLE GRANTEES 
 6.1. Employees and Service Providers. 
 Subject to the provisions of Section 7 hereof, Grants may be made under the Plan to any employee of the Company or any Subsidiary, including any such employee who is an officer or director of the Company, to an Outside Director,
to a Service Provider or employee of a Service Provider providing, or who has provided, services to the Company or any Subsidiary, and to any other individual whose participation in the Plan is determined by the Board to be in the best interests of
the Company, as the Board shall determine and designate from time to time. 
 6.2. Multiple Grants. 
 An eligible person may receive more than one Grant, subject to such restrictions as are provided herein. 
 7. LIMITATIONS ON GRANTS OF INCENTIVE STOCK OPTIONS 
 An Option shall constitute an Incentive Stock Option only (i) if the Grantee of such Option is an employee of the Company or any Subsidiary of the Company; (ii) to the extent specifically provided in the related Award Agreement;
and (iii) to the extent that the aggregate Fair Market Value (determined at the time the Option is granted) of the shares of Stock with respect to which all Incentive Stock Options held by such Grantee become exercisable for the first time
during any calendar year (under the Plan and all other plans of the Grantee’s employer and its affiliates) does not exceed $100,000. This limitation shall be applied by taking Options into account in the order in which they were granted.

  

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 8. AWARD AGREEMENT 
 Each Grant pursuant to the Plan shall be evidenced by an Award Agreement, in such form or forms as the Board shall from time to time determine. Award Agreements issued from time to time or at the same time need not
contain similar provisions but shall be consistent with the terms of the Plan. Each Award Agreement evidencing a Grant of Options shall specify whether such Options are intended to be non-qualified stock options or Incentive Stock Options, and in
the absence of such specification such options shall be deemed non-qualified stock options. 
 9. OPTION PRICE 
 The Option Price of each Option shall be no less than the Fair Market Value of a share of Stock on the date of grant and stated in the Award Agreement
evidencing such Option; provided, however, that in the event that a Grantee would otherwise be ineligible to receive an Incentive Stock Option by reason of the provisions of Sections 422(b)(6) and 424(d) of the Code (relating to ownership of more
than ten percent (10%) of the Company’s outstanding shares of Stock), the Option Price of an Option granted to such Grantee that is intended to be an Incentive Stock Option shall be not less than one hundred ten percent (110%) of the
Fair Market Value of a share of Stock on the Grant Date. In no case shall the Option Price of any Option be less than the par value of a share of Stock. 
 10. VESTING, TERM AND EXERCISE OF OPTIONS 
 10.1. Vesting and Option Period. 
 Subject to Sections 10.2 and 19 hereof, each Option granted under the Plan shall become exercisable at such times and under such conditions
as shall be determined by the Board and stated in the Award Agreement. For purposes of this Section 10.1, fractional numbers of shares of Stock subject to an Option shall be rounded down to the next nearest whole number. The period
during which any Option shall be exercisable shall constitute the “Option Period” with respect to such Option. 
 10.2. Term.

 Each Option granted under the Plan shall terminate, and all rights to purchase shares of Stock thereunder shall cease, upon the
expiration of ten years from the date such Option is granted, or under such circumstances and on such date prior thereto as is set forth in the Plan or as may be fixed by the Board and thereafter stated in the Award Agreement relating to such
Option; provided, however, that in the event that the Grantee would otherwise be ineligible to receive an Incentive Stock Option by reason of the provisions of Sections 422(b)(6) and 424(d) of the Code (relating to ownership of more than ten percent
(10%) of the outstanding shares of Stock), an Option granted to such Grantee that is intended to be an Incentive Stock Option shall not be exercisable after the expiration of five years from its date of grant. 
  

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 10.3. Acceleration. 
 Any limitation on the exercise of an Option contained in any Award Agreement may be rescinded, modified or waived by the Board, in its sole discretion, at any time and from time to time after the Grant Date of such
Option, so as to accelerate the time at which the Option may be exercised. 
 10.4. Termination of Employment or Other Relationship for a
Reason Other than Death, Disability or Retirement. 
 Unless otherwise provided by the Board, upon the termination of a Grantee’s
employment or other relationship with the Company and its Subsidiaries other than by reason of death, “permanent and total disability” (within the meaning of Section 22(e)(3) of the Code) or retirement, any Option or portion thereof
held by such Grantee that has not vested in accordance with the provisions of Section 10.1 hereof shall terminate immediately, and any Option or portion thereof that has vested in accordance with the provisions of Section 10.1
hereof but has not been exercised shall terminate at the close of business on the 30th day following the
Grantee’s termination of employment or other relationship (or, if such 30th day is a Saturday, Sunday or
holiday, at the close of business on the next day that is not a Saturday, Sunday or holiday). Upon termination of an Option or portion thereof, the Grantee shall have no further right to purchase shares of Stock pursuant to such Option or portion
thereof. Whether a leave of absence or leave on military or government service shall constitute a termination of employment or other relationship for purposes of the Plan shall be determined by the Board, whose determination shall be final and
conclusive. For purposes of the Plan, a termination of employment, service or other relationship shall not be deemed to occur if the Grantee is immediately thereafter employed with the Company, a Subsidiary or a Service Provider, or is engaged as a
Service Provider or an Outside Director. Whether a termination of a Grantee’s employment or other relationship with the Company and its Subsidiaries shall have occurred shall be determined by the Board, whose determination shall be final and
conclusive. 
 10.5. Rights in the Event of Death. 
 Unless otherwise provided by the Board, if a Grantee dies while employed by or providing services to the Company, all Options granted to such Grantee that have not previously terminated shall fully vest on the date of
death, and the executors or administrators or legatees or distributees of such Grantee’s estate shall have the right, at any time within one year after the date of such Grantee’s death and prior to termination of the Option pursuant to
Section 10.2 hereof, to exercise any Option held by such Grantee at the date of such Grantee’s death. 
 10.6. Rights in
the Event of Disability. 
 Unless otherwise provided by the Board, if a Grantee’s employment or other relationship with the Company
is terminated by reason of the “permanent and total disability” (within the meaning of Section 22(e)(3) of the Code) of such Grantee, such Grantee’s Options that have not previously terminated shall fully vest, and shall be
exercisable for a period of one year after such termination 

  

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of employment or other relationship, subject to earlier termination of the Option as provided in Section 10.2 hereof. Whether a termination of
employment or other relationship is considered to be by reason of “permanent and total disability” for purposes of the Plan shall be determined by the Board, whose determination shall be final and conclusive. 
 10.7. Rights in the Event of Retirement. 
 Unless otherwise provided by the Board, if a Grantee retires under the terms of any Company retirement plan applicable to the Grantee or as determined by the Board, the Grantee shall be considered retired and any Option or portion thereof
held by such Grantee that has not vested in accordance with the provisions of Section 10.1 hereof shall terminate immediately, and any Option or portion thereof that has vested in accordance with the provisions of Section 10.1
hereof but has not been exercised shall terminate at the close of business on the date which is three (3) years from the date of retirement. The Grantee shall have the right, at any time within three (3) years after the date of such
Grantee’s retirement and prior to termination of the Option pursuant to Section 10.2 hereof, to exercise all or any portion of any such vested Option held by the Grantee at the date of the Grantee’s retirement. 
 10.8. Limitations on Exercise of Option. 
 Notwithstanding any other provision of the Plan, in no event may any Option be exercised, in whole or in part, prior to the date the Plan is approved by the stockholders of the Company as provided herein, or after ten years following the
date upon which the Option is granted, or after the occurrence of an event referred to in Section 19 hereof which results in termination of the Option. 
 10.9. Method of Exercise. 
 An Option that is exercisable may be exercised by the Grantee’s
delivery to the Company of written notice of exercise on any business day, at the Company’s principal office, addressed to the attention of the Board. Such notice shall specify the number of shares of Stock with respect to which the Option is
being exercised and shall be accompanied by payment in full of the Option Price of the shares of Stock for which the Option is being exercised. Unless otherwise authorized by the Board, the minimum number of shares of Stock with respect to which an
Option may be exercised, in whole or in part, at any time shall be the lesser of (i) 100 shares or such lesser number set forth in the applicable Award Agreement and (ii) the maximum number of shares of Stock available for purchase under
the Option at the time of exercise. Payment of the Option Price for the shares of Stock purchased pursuant to the exercise of an Option shall be made (i) in cash or in cash equivalents acceptable to the Company; (ii) to the extent
permitted by law and at the Board’s discretion, through the actual or constructive tender to the Company of shares of Stock, which shares of Stock, if acquired from the Company, shall have been held for at least six months prior to such tender
and which shall be valued, for purposes of determining the extent to which the Option Price has been paid thereby, at their Fair Market Value on the date of exercise; or (iii) to the extent permitted by law and at the Board’s discretion,
by a combination of the 

  

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methods described in clauses (i) and (ii). The Board may provide, by inclusion of appropriate language in an Award Agreement, that payment in full of
the Option Price need not accompany the written notice of exercise, provided that the notice is accompanied by delivery of an unconditional and irrevocable undertaking by a licensed broker acceptable to the Company as the agent for the individual
exercising the Option to deliver promptly to the Company sufficient funds to pay the Option Price and directs that the certificate or certificates for the shares of Stock for which the Option is exercised be delivered to a licensed broker acceptable
to the Company as the agent for the individual exercising the Option and, at the time such certificate or certificates are delivered, the broker tenders to the Company cash (or cash equivalents acceptable to the Company) equal to the Option Price
for the shares of Stock purchased pursuant to the exercise of the Option plus the amount (if any) of federal or other taxes which the Company may in its judgment be required to withhold with respect to the exercise of the Option. An attempt to
exercise any Option granted hereunder other than as set forth above shall be invalid and of no force and effect. 
 10.10. Rights as a
Stockholder; Dividend Equivalents. 
 Unless otherwise stated in the applicable Award Agreement, an individual holding or exercising an
Option shall have none of the rights of a stockholder (for example, the right to receive cash or dividend payments or distributions attributable to the subject shares of Stock or to direct the voting of the subject shares of Stock) until the shares
of Stock covered thereby are fully paid and issued to such individual. Except as provided in Section 19 hereof, no adjustment shall be made for dividends, distributions or other rights for which the record date is prior to the date of
such issuance. However, the Board may, on such conditions as it deems appropriate, provide that a Grantee will receive a benefit in lieu of cash dividends that would have been payable on any or all shares of Stock subject to the Grant if such shares
of Stock had been outstanding. Without limitation, the Board may provide for payment to the Grantee of amounts representing such dividends, either currently or in the future, or for the investment of such amounts on behalf of the Grantee.

 10.11. Delivery of Stock Certificates. 
 Promptly after the exercise of an Option by a Grantee and the payment in full of the Option Price, such Grantee shall be entitled to the issuance of a Stock certificate or certificates evidencing such Grantee’s
ownership of the shares of Stock subject to the Option. 
 11. TRANSFERABILITY OF OPTIONS 
 11.1. General Rule 
 Except as provided
in Section 11.2 hereof, during the lifetime of a Grantee, only the Grantee (or, in the event of legal incapacity or incompetency, the Grantee’s guardian or legal representative) may exercise an Option. Except as provided in
Section 11.2 hereof, no Option shall be assignable or transferable by the Grantee to whom it is granted, other than by will or the laws of descent and distribution. 
  

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 11.2. Family Transfers. 
 To the extent permitted by the Board and under such rules and conditions as imposed by the Board, a Grantee may transfer all or part of an Option that is
not an Incentive Stock Option to (i) any Immediate Family Member, (ii) a trust or trusts for the exclusive benefit of any Immediate Family Member or (iii) a partnership or limited liability company in which Immediate Family Members
are the only partners or members, provided that (x) there may be no consideration for any such transfer, and (y) subsequent transfers of transferred Options or transfers of an interest in a trust, partnership, or limited liability company
to which an Option has been transferred are prohibited except those in accordance with this Section 11.2 or by will or the laws of descent and distribution. Following such transfer, any such Option shall continue to be subject to the
same terms and conditions as were applicable immediately prior to the transfer, provided that, for purposes of this Section 11.2, the term “Grantee” shall be deemed to refer to the transferee. The events of termination of
employment or other relationship referred to in Section 10.4 hereof shall continue to be applied with respect to the original Grantee, following which the Option shall be exercisable by the transferee only to the extent and for the
periods specified in Section 10.4, 10.5, 10.6 or 10.7 hereof. 
 12. RESTRICTED STOCK 
 12.1. Grant of Restricted Stock or Restricted Stock Units. 
 The Board from time to time may grant Restricted Stock or Restricted Stock Units to persons eligible to receive Grants under Section 6 hereof, subject to such restrictions, conditions and other terms as
the Board may determine. 
 12.2. Restrictions. 
 At the time a Grant of Restricted Stock or Restricted Stock Units is made, the Board shall establish a period of time (the “Restricted Period”) applicable to such Restricted Stock or Restricted Stock Units.
Each Grant of Restricted Stock or Restricted Stock Units may be subject to a different Restricted Period. At the time a Grant of Restricted Stock or Restricted Stock Units is made, the Board may, in its sole discretion, prescribe restrictions in
addition to or other than the expiration of the Restricted Period, including the satisfaction of corporate or individual performance objectives, which may be applicable to all or any portion of the Restricted Stock or Restricted Stock Units. The
Board also may, in its sole discretion, shorten or terminate the Restricted Period or waive any other restrictions applicable to all or a portion of the Restricted Stock or Restricted Stock Units. Neither Restricted Stock nor Restricted Stock Units
may be sold, transferred, assigned, pledged or otherwise encumbered or disposed of during the Restricted Period or prior to the satisfaction of any other restrictions prescribed by the Board with respect to such Restricted Stock or Restricted Stock
Units. 
  

 13 

 12.3. Restricted Stock Certificates. 
 The Company shall issue, in the name of each Grantee to whom Restricted Stock has been granted, Stock certificates representing the total number of shares
of Restricted Stock granted to the Grantee, as soon as reasonably practicable after the Grant Date. The Board may provide in an Award Agreement that either (i) the Secretary of the Company shall hold such certificates for the Grantee’s
benefit until such time as the Restricted Stock is forfeited to the Company or the restrictions lapse, or (ii) such certificates shall be delivered to the Grantee, provided, however, that such certificates shall bear a legend or legends
complying with the applicable securities laws and regulations and making appropriate reference to the restrictions imposed under the Plan and the Award Agreement. 
 12.4. Rights of Holders of Restricted Stock. 
 Unless the Board otherwise provides in an Award
Agreement, holders of Restricted Stock shall have the right to vote such shares of Stock and the right to receive any dividends declared or paid with respect to such shares of Stock. The Board may provide that any dividends paid on Restricted Stock
must be reinvested in shares of Stock, which may or may not be subject to the same vesting conditions and restrictions applicable to such Restricted Stock. All distributions, if any, received by a Grantee with respect to Restricted Stock as a result
of any stock split, stock dividend, combination of shares or other similar transaction shall be subject to the restrictions applicable to the original Grant. 
 12.5. Rights of Holders of Restricted Stock Units. 
 Unless the Board otherwise provides in an Award
Agreement, holders of Restricted Stock Units shall have no rights as stockholders of the Company. The Board may provide in an Award Agreement evidencing a Grant of Restricted Stock Units that the holder of such Restricted Stock Units shall be
entitled to receive, upon the Company’s payment of a cash dividend on its outstanding shares of Stock, a cash payment for each Restricted Stock Unit held equal to the per-share dividend paid on the shares of Stock. Such Award Agreement may also
provide that such cash payment will be deemed reinvested in additional Restricted Stock Units at a price per unit equal to the Fair Market Value of a share on the date that such dividend is paid. 
 12.6. Termination of Employment or Other Relationship for a Reason Other than Death or Disability. 
 Unless otherwise provided by the Board, upon the termination of a Grantee’s employment or other relationship with the Company and its Subsidiaries,
in either case other than, in the case of individuals, by reason of death or “permanent and total disability” (within the meaning of Section 22(e)(3) of the Code), any Restricted Stock or Restricted Stock Units held by such Grantee
that have not vested, or with respect to which all applicable restrictions and conditions have not lapsed, shall immediately be deemed forfeited. Upon forfeiture of Restricted Stock or Restricted Stock Units, the Grantee shall have no further rights
with respect to such Grant, including, but not limited to, any right to vote Restricted Stock or any right to receive dividends with respect to 

  

 14 

 
Restricted Stock or Restricted Stock Units. Whether a leave of absence or leave on military or government service shall constitute a termination of
employment or other relationship for purposes of the Plan shall be determined by the Board, whose determination shall be final and conclusive. For purposes of the Plan, a termination of employment, service or other relationship shall not be deemed
to occur if the Grantee is immediately thereafter employed with the Company or any other Service Provider, or is engaged as a Service Provider or an Outside Director. Whether a termination of a Grantee’s employment or other relationship with
the Company and its Subsidiaries shall have occurred shall be determined by the Board, whose determination shall be final and conclusive. 
 12.7. Rights in the Event of Death. 
 Unless otherwise provided by the Board, if a Grantee dies while employed by the Company
or a Service Provider, or while serving as a Service Provider, all Restricted Stock or Restricted Stock Units granted to such Grantee shall fully vest on the date of death unless the Board provided otherwise in the Award Agreement relating to such
Restricted Stock or Restricted Stock Units. Upon such vesting, the shares of Stock represented thereby shall be deliverable in accordance with the terms of the Plan to the executors, administrators, legatees or distributees of the Grantee’s
estate. 
 12.8. Rights in the Event of Disability. 
 Unless otherwise provided by the Board, if a Grantee’s employment or other relationship with the Company or a Service Provider, or service as a Service Provider, is terminated by reason of the “permanent and
total disability” (within the meaning of Section 22(e)(3) of the Code) of such Grantee, such Grantee’s then unvested Restricted Stock or Restricted Stock Units shall be fully vested. Whether a termination of employment, service or
other relationship is to be considered by reason of “permanent and total disability” for purposes of the Plan shall be determined by the Board, whose determination shall be final and conclusive. 
 12.9. Delivery of Shares and Payment Therefor. 
 Upon the expiration or termination of the Restricted Period and the satisfaction of any other conditions prescribed by the Board, the restrictions applicable to Restricted Stock or Restricted Stock Units shall lapse,
and, unless otherwise provided in the Award Agreement, upon payment by the Grantee to the Company, in cash or by check, of the greater of (i) the aggregate par value of the shares of Stock represented by such Restricted Stock or Restricted
Stock Units or (ii) the purchase price, if any, specified in the Award Agreement relating to such Restricted Stock or Restricted Stock Units, a certificate for such shares shall be delivered, free of all such restrictions, to the Grantee or the
Grantee’s beneficiary or estate, as the case may be. 
  

 15 

 13. STOCK APPRECIATION RIGHTS 
 13.1. Grant of Stock Appreciation Rights. 
 The Board may from time to time grant SARs to persons
eligible to receive grants under Section 6 hereof, subject to the provisions of this Section 13 and to such restrictions, conditions and other terms as the Board may determine. 
 13.2. Nature of a Stock Appreciation Right. 
 A SAR shall confer on the Grantee a right to receive, upon exercise thereof, the excess of (A) the Fair Market Value of one share of Stock on the date of exercise over (B) the grant price of the SAR, as determined by the Board.
Unless the Board provides otherwise in the Award Agreement, the grant price of an SAR shall not be less than the Fair Market Value of a share of Stock on the Grant Date. 
 13.3. Terms and Conditions Governing SARs. 
 The Board shall determine at the Grant Date or thereafter
the time or times at which and the circumstances under which an SAR may be exercised in whole or in part (including exercise based on achievement of performance objectives or future service requirements), the time or times at which and the
circumstances under which an SAR shall cease to be exercisable, the method of exercise, the method of settlement, form of consideration payable in settlement, whether or not an SAR shall be in tandem or in combination with any other Grant, and any
other terms and conditions of any SAR. 
 14. UNRESTRICTED STOCK 
 The Board may, in its sole discretion, grant Stock (or sell Stock at par value or such other higher purchase price determined by the Board) free of restrictions other than those required under federal or state
securities laws (“Unrestricted Stock”) to persons eligible to receive grants under Section 6 hereof. Unrestricted Stock may be granted or sold as described in the preceding sentence in respect of past services or other
valid consideration, or in lieu of any cash compensation due to such Grantee. 
 15. TERMS AND CONDITIONS OF PERFORMANCE AND ANNUAL INCENTIVE AWARDS

 15.1. Performance Conditions 
 The right of a Grantee to exercise or receive a Grant or settlement of any Grant, and the timing thereof, may be subject to such performance conditions as may be specified by the Board. The Board may use such business
criteria and other measures of performance as it may deem appropriate in establishing any performance conditions, and may exercise its discretion to reduce 

  

 16 

 
the amounts payable under any Grant subject to performance conditions, except as limited under Sections 15.2 hereof in the case of a Performance Award
or Annual Incentive Award intended to qualify under Code Section 162(m). If and to the extent required under Code Section 162(m), any power or authority relating to a Performance Award or Annual Incentive Award intended to qualify under
Code Section 162(m), shall be exercised by the Committee and not the Board. 
 15.2. Performance or Annual Incentive Awards Granted
to Designated Covered Employees 
 If and to the extent that the Committee determines that a Performance or Annual Incentive Award to be
granted to a Grantee who is designated by the Committee as likely to be a Covered Employee should qualify as “performance-based compensation” for purposes of Code Section 162(m), the grant, exercise and/or settlement of such
Performance or Annual Incentive Award shall be contingent upon achievement of pre-established performance goals and other terms set forth in this Section 15.2. 
 15.2.1. Performance Goals Generally. 
 The performance goals for such Performance or Annual Incentive Awards shall consist of one or more business criteria and a targeted level or levels of performance with respect to each of such criteria, as specified by the Committee
consistent with this Section 15.2. Performance goals shall be objective and shall otherwise meet the requirements of Code Section 162(m) and regulations thereunder including the requirement that the level or levels of performance
targeted by the Committee result in the achievement of performance goals being “substantially uncertain.” The Committee may determine that such Performance or Annual Incentive Awards shall be granted, exercised and/or settled upon
achievement of any one performance goal or that two or more of the performance goals must be achieved as a condition to grant, exercise and/or settlement of such Performance or Annual Incentive Awards. Performance goals may differ for Performance or
Annual Incentive Awards granted to any one Grantee or to different Grantees. 
 15.2.2. Business Criteria. 
 One or more of the following business criteria for the Company, on a consolidated basis, and/or specified subsidiaries or business units of the Company
(except with respect to the total stockholder return and earnings per share criteria), shall be used exclusively by the Committee in establishing performance goals for such Performance or Annual Incentive Awards: (1) total stockholder return;
(2) such total stockholder return as compared to total return (on a comparable basis) of a publicly available index such as, but not limited to, the Standard & Poor’s 500 Stock Index; (3) net income; (4) pretax earnings;
(5) earnings before interest expense, taxes, depreciation and amortization; (6) pretax operating earnings after interest expense and before bonuses, service fees, and extraordinary or special items; (7) operating margin;
(8) earnings per share; (9) return on equity; (10) return on capital; (11) return on investment; (12) operating earnings; (13) working capital; (14) ratio of debt to stockholders’ equity; (15) revenue;
(16) product sales; and (16) customer retention. Business criteria may be measured on an absolute basis or on a relative basis (i.e., performance relative to peer companies) and on a GAAP or non-GAAP basis. 
  

 17 

 15.2.3. Timing For Establishing Performance Goals. 
 Performance goals shall be established not later than 90 days after the beginning of any performance period applicable to such Performance or Annual
Incentive Awards, or at such other date as may be required or permitted for “performance-based compensation” under Code Section 162(m). 
 15.2.4. Settlement of Performance or Annual Incentive Awards; Other Terms. 
 Settlement of such
Performance or Annual Incentive Awards shall be in cash, Stock, other Grants or other property, in the discretion of the Committee. The Committee may, in its discretion, reduce the amount of a settlement otherwise to be made in connection with such
Performance or Annual Incentive Awards. The Committee shall specify the circumstances in which such Performance or Annual Incentive Awards shall be paid or forfeited in the event of termination of Service by the Grantee prior to the end of a
performance period or settlement of Performance Awards. 
 15.3. Written Determinations. 
 All determinations by the Committee as to the establishment of performance goals, the amount of any Performance Award pool or potential individual
Performance Awards and as to the achievement of performance goals relating to Performance Awards, and the amount of any Annual Incentive Award pool or potential individual Annual Incentive Awards and the amount of final Annual Incentive Awards,
shall be made in writing in the case of any Grant intended to qualify under Code Section 162(m). To the extent required to comply with Code Section 162(m), the Committee may delegate any responsibility relating to such Performance Awards
or Annual Incentive Awards. 
 15.4. Status of Section 15.2 Grants Under Code Section 162(m) 
 It is the intent of the Company that Performance Awards and Annual Incentive Awards under Section 15.2 hereof granted to persons who are
designated by the Committee as likely to be Covered Employees within the meaning of Code Section 162(m) and regulations thereunder shall, if so designated by the Committee, constitute “qualified performance-based compensation” within
the meaning of Code Section 162(m) and regulations thereunder. Accordingly, the terms of Section 15.2, including the definitions of Covered Employee and other terms used therein, shall be interpreted in a manner consistent with Code
Section 162(m) and regulations thereunder. The foregoing notwithstanding, because the Committee cannot determine with certainty whether a given Grantee will be a Covered Employee with respect to a fiscal year that has not yet been completed,
the term Covered Employee as used herein shall mean only a person designated by the Committee, at the time of grant of Performance Awards or an Annual Incentive Award, as likely to be a Covered Employee with respect to that fiscal year. If any
provision of the Plan or any agreement relating to such Performance Awards or Annual Incentive 

  

 18 

 
Awards does not comply or is inconsistent with the requirements of Code Section 162(m) or regulations thereunder, such provision shall be construed or
deemed amended to the extent necessary to conform to such requirements. 
 16. PARACHUTE LIMITATIONS 
 If the Grantee is a “disqualified individual” (as defined in Section 280G(c) of the Code), any Option, Restricted Stock, Restricted Stock
Unit or SAR and any other right to receive any payment or benefit under the Plan shall not vest or become exercisable (i) to the extent that the right to vest or any other right to any payment or benefit, taking into account all other rights,
payments or benefits to or for the Grantee, would cause any payment or benefit to the Grantee under the Plan to be considered a “parachute payment” within the meaning of Section 280G(b)(2) of the Code as then in effect (a
“Parachute Payment”) and (ii) if, as a result of receiving a Parachute Payment, the aggregate after-tax amounts received by the Grantee from the Company under any Award Agreements, the Plan, and all other rights, payments or benefits
to or for the Grantee would be less than the maximum after-tax amount that could be received by the Grantee without causing the payment or benefit to be considered a Parachute Payment. In the event that, but for the provisions of this
Section 15, the Grantee would be considered to have received a Parachute Payment under any Award Agreements that would have the effect of decreasing the after-tax amount received by the Grantee as described in clause (ii) of the
preceding sentence, then the Grantee shall have the right, in the Grantee’s sole discretion, to designate any rights, payments or benefits under any Award Agreements, the Plan, any other agreements and any benefit arrangements to be reduced or
eliminated so as to avoid having the payment or benefit to the Grantee under any Award Agreements be deemed to be a Parachute Payment. 
 17. REQUIREMENTS
OF LAW 
 17.1. General. 
 The Company shall not be required to sell or issue any shares of Stock under any Grant if the sale or issuance of such shares of Stock would constitute a violation by the Grantee, any other person exercising a right emanating from such
Grant, or the Company of any provision of any law or regulation of any governmental authority, including, without limitation, any federal or state securities laws or regulations. If at any time the Company shall determine, in its discretion, that
the listing, registration or qualification of any shares of Stock subject to a Grant upon any securities exchange or under any governmental regulatory body is necessary or desirable as a condition of, or in connection with, the issuance or purchase
of shares of Stock hereunder, no shares of Stock may be issued or sold to the Grantee or any other person exercising a right emanating from such Grant unless such listing, registration, qualification, consent or approval shall have been effected or
obtained free of any conditions not acceptable to the Company, and any delay caused thereby shall in no way affect the date of termination of the Grant. Without limiting the generality of the foregoing, upon the exercise of any Option or any SAR
that may be settled in shares of Stock or the delivery of any Restricted Stock or shares of Stock underlying Restricted Stock Units, unless a registration statement under the Securities Act is in effect with respect to the shares of Stock covered by
such Grant, the Company shall not be required to sell or 

  

 19 

 
issue such shares of Stock unless the Board has received evidence satisfactory to it that the Grantee or any other person exercising a right emanating from
such Grant may acquire such shares of Stock pursuant to an exemption from registration under the Securities Act. Any such determination by the Board shall be final, binding and conclusive. The Company may, but shall in no event be obligated to,
register any securities covered hereby pursuant to the Securities Act. The Company shall not be obligated to take any affirmative action in order to cause the exercise of an Option or an SAR or the issuance of shares of Stock pursuant to the Plan to
comply with any law or regulation of any governmental authority. As to any jurisdiction that expressly imposes the requirement that an Option (or SAR that may be settled in shares of Stock) shall not be exercisable until the shares of Stock covered
by such Option (or SAR) are registered or are exempt from registration, the exercise of such Option (or SAR) under circumstances in which the laws of such jurisdiction apply shall be deemed conditioned upon the effectiveness of such registration or
the availability of such an exemption. 
 17.2. Rule 16b-3. 
 During any time when the Company has a class of equity security registered under Section 12 of the Exchange Act, it is the intent of the Company that
Grants pursuant to the Plan and the exercise of Options and SARs granted hereunder will qualify for the exemption provided by Rule 16b-3 under the Exchange Act. To the extent that any provision of the Plan or action by the Board does not comply with
the requirements of Rule 16b-3, such provision or action shall be deemed inoperative to the extent permitted by law and deemed advisable by the Board, and shall not affect the validity of the Plan. In the event that Rule 16b-3 is revised or
replaced, the Board may exercise its discretion to modify the Plan in any respect necessary to satisfy the requirements of, or to take advantage of any features of, the revised exemption or its replacement. 
 18. AMENDMENT AND TERMINATION OF THE PLAN 
 The Board
may, at any time and from time to time, amend, suspend or terminate the Plan as to any shares of Stock as to which Grants have not been made; provided, that, amendments shall be submitted for the approval of the Company’s stockholders to the
extent required by applicable law, rule or regulation (including, without limitation, the Nasdaq Marketplace Rules). Except as permitted under this Section 18 or Section 19 hereof, no amendment, suspension or termination of
the Plan shall, without the consent of the Grantee, adversely alter or otherwise impair rights or obligations under any Grant theretofore awarded under the Plan. 
 19. EFFECT OF CHANGES IN CAPITALIZATION 
 19.1. Changes in Stock. 
 Subject to Section 19.2 hereof, in the event of any merger, reclassification reorganization, consolidation, recapitalization, separation,
liquidation, stock dividend, spin-off, split-up, share combination or other change in the corporate structure of the Company affecting the shares of Stock: (a) such adjustment may be made in the number and class of shares which may be delivered
under Section 4 hereof and the Grant limits under Section 4 hereof (including, without limitation, 

  

 20 

 
the per-Grantee limitations), and in the number and class of or price of shares subject to outstanding Grants as may be determined to be appropriate and
equitable by the Board, in its sole discretion, to prevent dilution or enlargement of existing rights; and (b) the Board or, if another legal entity assumes the obligations of the Company hereunder, the board of directors, compensation
committee or similar body of such other legal entity shall either (i) make appropriate provision for the protection of outstanding Grants by the substitution on an equitable basis of appropriate equity interests or awards similar to the Grants,
provided that the substitution neither enlarges nor diminishes the value and rights under the Grants, or (ii) upon written notice to the Grantees, provide that Grants shall be exercised distributed, canceled or exchanged for value pursuant to
such terms and conditions (including the waiver of any existing terms or conditions) as shall be specified in the notice. Any adjustment of an Incentive Stock Option under this Section 19.1 shall be made in such a manner so as not to
constitute a “modification” within the meaning of Section 424(h)(3) of the Code. The conversion of any convertible securities of the Company shall not be treated as a change in the corporate structure of the Company affecting the
shares of Stock. Subject to any contrary language in an Award Agreement evidencing a Grant of Restricted Stock, any restrictions applicable to such Restricted Stock shall apply as well to any replacement shares received by the Grantee as a result of
the merger, reorganization or other transaction referred to in this Section 19.1. Notwithstanding the foregoing, in the event of any distribution to the Company’s stockholders of securities of any other entity or other assets
(including an extraordinary cash dividend but excluding a non-extraordinary dividend payable in cash or in stock of the Company) without receipt of consideration by the Company, the Company may, in such manner as the Company deems appropriate,
adjust (i) the number and kind of shares subject to outstanding Grants and/or (ii) the exercise price of outstanding Options and Stock Appreciation Rights to reflect such distribution. 
 19.2. Reorganization, Sale of Assets or Sale of Stock. 
 Upon the dissolution or liquidation of the Company or upon a merger, consolidation or reorganization of the Company with one or more other entities in which the Company is not the surviving entity, or upon a sale of
substantially all of the assets of the Company to another entity, or upon any transaction (including, without limitation, a merger or reorganization in which the Company is the surviving entity) approved by the Board that results in any person or
entity (or person or entities acting as a group or otherwise in concert) owning eighty percent (80%) or more of the combined voting power of all classes of securities of the Company, (i) all outstanding Restricted Stock and Restricted
Stock Units shall be deemed to have vested, and all restrictions and conditions applicable to such Restricted Stock and Restricted Stock Units shall be deemed to have lapsed and the shares subject to such Restricted Stock Units shall be delivered,
immediately prior to the occurrence of such transaction, and (ii) except to the extent prohibited by applicable state securities laws and regulations, all Options and SARs outstanding hereunder shall become immediately exercisable for a period
of fifteen days immediately prior to the scheduled consummation of such transaction. Any exercise of an Option or SAR during such fifteen-day period shall be conditioned upon the consummation of the transaction and shall be effective only
immediately before the consummation of the transaction. 
  

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 This Section 19.2 shall not apply to any transaction to the extent that (A) provision is
made in writing in connection with such transaction for the continuation of the Plan or the assumption of the Options, SARs, Restricted Stock and Restricted Stock Units theretofore granted, or for the substitution for such Options, SARs, Restricted
Stock and Restricted Stock Units of new options, stock appreciation rights, restricted stock and restricted stock units covering the stock of a successor entity, or a parent or subsidiary thereof, with appropriate adjustments as to the number and
kinds of shares or units and exercise prices, in which event the Plan and Options, SARs, Restricted Stock and Restricted Stock Units theretofore granted shall continue in the manner and under the terms so provided or (B) a majority of the full
Board determines that such transaction shall not trigger application of the provisions of this Section 19.2 hereof and limited by any “change in control” provision in any employment agreement or Award Agreement applicable to
the Grantee. Upon consummation of any such transaction, the Plan and all outstanding but unexercised Options and SARs shall terminate, except to the extent provision is made in writing in connection with such transaction for the continuation of the
Plan or the assumption of such Options and SARs theretofore granted, or for the substitution for such Options and SARs of new options and stock appreciation rights covering the shares of a successor entity, or a parent or subsidiary thereof, with
appropriate adjustments as to the number and kinds of shares or units and exercise prices, in which event the Plan and Options and SARs theretofore granted shall continue in the manner and under the terms so provided. The Board shall send written
notice of an event that will result in such a termination to all individuals who hold Options and SARs not later than the time at which the Company gives notice thereof to its stockholders. 
 19.3. Adjustments. 
 Adjustments under
this Section 19 related to shares of Stock or securities of the Company shall be made by the Board, whose determination in that respect shall be final, binding and conclusive. No fractional shares or other securities shall be issued
pursuant to any such adjustment, and any fractions resulting from any such adjustment shall be eliminated in each case by rounding downward to the nearest whole share. The Board may provide in the Award Agreements at the time of grant, or any time
thereafter with the consent of the Grantee, for different provisions to apply to a Grant in place of those described in Sections 19.1 and 19.2. 
 19.4. No Limitations on Company. 
 The making of Grants pursuant to the Plan shall not affect or limit
in any way the right or power of the Company to make adjustments, reclassifications, reorganizations or changes of its capital or business structure or to merge, consolidate, dissolve or liquidate, or to sell or transfer all or any part of its
business or assets. 
 20. DISCLAIMER OF RIGHTS 
 No provision in the Plan or in any Grant or Award Agreement shall be construed to confer upon any individual the right to remain in the employ or service of the Company or any affiliate thereof, or to interfere in any way with any
contractual or other right or authority of the Company or Service Provider either to increase or decrease the compensation or other payments to any 

  

 22 

 
individual at any time, or to terminate any employment or other relationship between any individual and the Company or any affiliate thereof. In addition,
notwithstanding anything contained in the Plan to the contrary, unless otherwise stated in the applicable Award Agreement or employment agreement, no Grant awarded under the Plan shall be affected by any change of duties or position of the Grantee,
so long as such Grantee continues to be a director, officer, consultant or employee of the Company. The obligation of the Company to pay any benefits pursuant to the Plan shall be interpreted as a contractual obligation to pay only those amounts
described herein, in the manner and under the conditions prescribed herein. The Plan shall in no way be interpreted to require the Company to transfer any amounts to a third party trustee or otherwise hold any amounts in trust or escrow for payment
to any participant or beneficiary under the terms of the Plan. No Grantee shall have any of the rights of a stockholder with respect to the shares of Stock subject to an Option or SAR except to the extent such shares of Stock shall have been issued
upon the exercise of the Option or SAR. 
 21. NONEXCLUSIVITY OF THE PLAN 
 Neither the adoption of the Plan nor the submission of the Plan to the stockholders of the Company for approval shall be construed as creating any
limitations upon the right and authority of the Board to adopt such other incentive compensation arrangements (which arrangements may be applicable either generally to a class or classes of individuals or specifically to a particular individual or
particular individuals) as the Board in its discretion determines desirable, including, without limitation, the granting of Stock options otherwise than under the Plan. 
 22. WITHHOLDING TAXES 
 The Company or a Subsidiary, as the case may be, shall have the right to
deduct from payments of any kind otherwise due to a Grantee any federal, state or local taxes of any kind required by law to be withheld with respect to the vesting of or other lapse of restrictions applicable to Restricted Stock or Restricted Stock
Units or upon the exercise of an Option or SAR or the grant of Unrestricted Stock. At the time of such vesting, lapse or exercise, the Grantee shall pay to the Company or the Subsidiary, as the case may be, any amount that the Company or the
Subsidiary may reasonably determine to be necessary to satisfy such withholding obligation. Subject to the prior approval of the Company or the Subsidiary, which may be withheld by the Company or the Subsidiary, as the case may be, in its sole
discretion, the Grantee may elect to satisfy such obligations, in whole or in part, (i) by causing the Company or the Subsidiary to withhold shares of Stock otherwise issuable to the Grantee or (ii) by delivering to the Company or the
Subsidiary shares of Stock already owned by the Grantee. The shares of Stock so delivered or withheld shall have an aggregate Fair Market Value equal to such withholding obligations. The Fair Market Value of the shares of Stock used to satisfy such
withholding obligation shall be determined by the Company or the Subsidiary as of the date that the amount of tax to be withheld is to be determined. A Grantee who has made an election pursuant to this Section 22 may satisfy such
Grantee’s withholding obligation only with shares of Stock that are not subject to any repurchase, forfeiture, unfulfilled vesting or other similar requirement. 
  

 23 

 23. CAPTIONS 
 The use of captions in the Plan or any Award Agreement is for convenience of reference only and shall not affect the meaning of any provision of the Plan or such Award Agreement. 
 24. OTHER PROVISIONS 
 Each Grant awarded under the
Plan may contain such other terms and conditions not inconsistent with the Plan as may be determined by the Board, in its sole discretion. 
 25. NUMBER
AND GENDER 
 With respect to words used in this Plan, the singular form shall include the plural form and, the masculine gender shall
include the feminine gender, as the context requires. 
 26. SEVERABILITY 
 If any provision of the Plan or any Award Agreement shall be finally determined to be illegal or unenforceable by any court of law in any jurisdiction,
the remaining provisions hereof and thereof shall be severable and enforceable in accordance with their terms, and all provisions shall remain enforceable in any other jurisdiction. 
 27. GOVERNING LAW 
 The validity and construction of this Plan and the instruments evidencing the
Grants awarded hereunder shall be governed by the laws of the State of Delaware (without giving effect to the choice of law provisions thereof). 
 28.
SECTION 409A OF THE CODE 
 To the extent that the Board determines that a Grantee would be subject to the additional 20% tax imposed
on certain deferred compensation arrangements pursuant to Section 409A of the Internal Revenue Code of 1986, as amended (the “Code”), as a result of any provision of any Grant granted under this Plan, such provision shall be deemed
amended to the minimum extent necessary to avoid application of such additional tax. The nature of any such amendment shall be determined by the Board. 
 29. BLUE SKY PROVISIONS REQUIRED TO BE SET FORTH IN THE PLAN 
 29.1. California Provisions 
 Notwithstanding the foregoing Sections, any Grant made under the Plan to a Grantee who is a resident of the State of California on the Grant Date shall be
subject to the following additional terms and conditions: 
  

	 	A.	Fair Market Value shall be determined in a manner consistent with Rule 260.140.50 of the California Code of Regulations, as amended from time to time, or any successor statute
(collectively, the “Regulations”). 

  

 24 

	 	B.	Any Option granted under the Plan to a Grantee who is not an officer, director or consultant of the Company or any of its affiliates shall become exercisable at a rate of at least
twenty percent (20%) of the shares of Stock subject to such Option per year for a period of five years from the Grant Date, subject to reasonable conditions (such as continued employment). Any Option granted under the Plan to a Grantee who is
an officer, director or consultant of the Company or any of its affiliates may become fully exercisable, subject to reasonable conditions (such as continued employment), at any time or during any period established by the Board.

  

	 	C.	An Option granted under the Plan to a Grantee who is a person who owns stock possessing more than ten percent of the total combined voting power of all classes of securities of the
Company, its parent or any of its Subsidiary corporations possessing voting power shall have an Option Price that is equal to at least 110% of the Fair Market Value of a share of Stock on the Grant Date. 

  

	 	D.	The Company shall deliver to the Grantee financial statements on an annual basis regarding the Company. The financial statements so provided shall comply with Rule 260.140.46 of the
Regulations. 

  

	 	E.	Securities sold to employees, directors, managers or consultants of the Company or any of its affiliates (including, without limitation, shares of Stock sold pursuant to awards of
Restricted Stock, Restricted Stock Units and Unrestricted Stock) shall have a purchase price of (i) at least 85% of the fair value (as defined under Rule 260.140.50 of the Regulations) of the security at the time the person is granted the right
to purchase securities, or at the time the purchase is consummated, or (ii) in the case of any person who owns securities possessing more than 10% of the total combined voting power of all classes of securities of the issuer, its parent or any
of its subsidiaries possessing voting power, at least 100% of the fair value (as defined under Rule 260.140.50 of the Regulations) of the security either at the time the person is granted the right to purchase such securities, or at the time the
purchase is consummated. Notwithstanding any other provision of the Plan, the purchase price of any such securities may, if specified by the Board, be paid by the provision by the purchaser of such securities of services to the Company.

  

	 	F.	Any transfer of an Option granted under the Plan and authorized by the Board in an Award Agreement must comply with Rule 260.140.41(d) of the Regulations (i.e. Options may be
transferred by will, by the laws of descent and distribution, or as permitted by Rule 701 under the Securities Act). 

  

	 	G.	 Unless the employment of any Grantee of an Option is terminated “for cause,” as defined in the Award Agreement evidencing such Option, the Grantee shall
have 

  

 25 

	 	 
the right to exercise such Option prior to the termination of the Option in accordance with Section 10.2 of the Plan and only to the extent that the
grantee was entitled to exercise such Option on the date of employment termination as follows: (i) at least six months from the date of termination of employment, if the termination was caused by the Grantee’s death or “permanent and
total disability” (within the meaning of Section 22(e)(3) of the Code), and (ii) at least thirty days from the date of termination of employment, if such termination was caused other than by death or “permanent and total
disability.” 

  

	 	H.	At no time shall the sum of (i) the total number of shares of Stock issuable upon exercise of all outstanding Options and other Grants under the Plan plus (ii) the total
number of shares of Stock provided for under all other stock incentive plans of the Company and all stock purchase, stock bonus or similar plans of the Company exceed a number of securities which is equal to 30% of the then-outstanding securities of
the Company (as calculated in accordance with the conditions and exclusions of Rule 260.140.45 of the Regulations) unless a higher percentage is approved by at least two-thirds of the outstanding securities of the Company entitled to vote on such
matter. 

 If the Stock is listed, quoted or publicly traded in an established securities market, the restrictions of
this Section 29 shall terminate as of the first date that the Stock is so listed, quoted or publicly traded. 
 * * * *

  

 26 

 The 2001 Stock Option and Incentive Plan, as amended and restated, was duly approved by the Board of
Directors of the Company on the 26th day of July, 2005 and was duly approved by a majority of stockholders on the 6th day of August, 2005. Section 29 of the 2001 Stock Option and Incentive Plan was duly approved by the Board of Directors of the
Company on the 22nd day of December, 2005. 
  

	
	 /s/ Daniel J. Venuti

	Daniel J. Venuti
	Secretary of the Company

  

 27 

 TABLE OF CONTENTS 
  

							
	 	  	 	  	 	  	Page
	1.	  	PURPOSE	  	1
			
	2.	  	DEFINITIONS	  	1
			
	3.	  	ADMINISTRATION OF THE PLAN	  	4
		  	3.1.	  	Board	  	4
		  	3.2.	  	Committee.	  	4
		  	3.3.	  	Grants.	  	5
		  	3.4.	  	No Liability.	  	6
		  	3.5.	  	Applicability of Rule 16b-3.	  	6
		  	3.6.	  	Book Entry	  	6
			
	4.	  	STOCK SUBJECT TO THE PLAN	  	6
		  	4.1.	  	Aggregate Limitation.	  	6
		  	4.2.	  	Other Plan Limits.	  	7
		  	4.3.	  	Application of Aggregate Limitation.	  	7
		  	4.4.	  	Per-Grantee Limitations.	  	7
			
	5.	  	EFFECTIVE DATE AND TERM OF THE PLAN	  	8
		  	5.1.	  	Effective Date and Amendment and Restatement Date.	  	8
		  	5.2.	  	Term.	  	8
			
	6.	  	PERMISSIBLE GRANTEES	  	8
		  	6.1.	  	Employees and Service Providers.	  	8
		  	6.2.	  	Multiple Grants.	  	8
			
	7.	  	LIMITATIONS ON GRANTS OF INCENTIVE STOCK OPTIONS	  	8
			
	8.	  	AWARD AGREEMENT	  	9
			
	9.	  	OPTION PRICE	  	9
			
	10.	  	VESTING, TERM AND EXERCISE OF OPTIONS	  	9
		  	10.1.	  	Vesting and Option Period.	  	9
		  	10.2.	  	Term.	  	9
		  	10.3.	  	Acceleration.	  	10
		  	10.4.	  	Termination of Employment or Other Relationship for a Reason Other than Death, Disability or Retirement.	  	10
		  	10.5.	  	Rights in the Event of Death.	  	10
		  	10.6.	  	Rights in the Event of Disability.	  	10
		  	10.7.	  	Rights in the Event of Retirement.	  	11
		  	10.8.	  	Limitations on Exercise of Option.	  	11
		  	10.9.	  	Method of Exercise.	  	11
		  	10.10.	  	Rights as a Stockholder; Dividend Equivalents.	  	12
		  	10.11.	  	Delivery of Stock Certificates.	  	12
			
	11.	  	TRANSFERABILITY OF OPTIONS	  	12
		  	11.1.	  	General Rule	  	12
		  	11.2.	  	Family Transfers.	  	13

  

 - i - 

							
	12.	  	RESTRICTED STOCK	  	13
		  	12.1.	  	Grant of Restricted Stock or Restricted Stock Units.	  	13
		  	12.2.	  	Restrictions.	  	13
		  	12.3.	  	Restricted Stock Certificates.	  	14
		  	12.4.	  	Rights of Holders of Restricted Stock.	  	14
		  	12.5.	  	Rights of Holders of Restricted Stock Units.	  	14
		  	12.6.	  	Termination of Employment or Other Relationship for a Reason Other than Death or Disability.	  	14
		  	12.7.	  	Rights in the Event of Death.	  	15
		  	12.8.	  	Rights in the Event of Disability.	  	15
		  	12.9.	  	Delivery of Shares and Payment Therefor.	  	15
			
	13.	  	STOCK APPRECIATION RIGHTS	  	16
		  	13.1.	  	Grant of Stock Appreciation Rights.	  	16
		  	13.2.	  	Nature of a Stock Appreciation Right.	  	16
		  	13.3.	  	Terms and Conditions Governing SARs.	  	16
			
	14.	  	UNRESTRICTED STOCK	  	16
			
	15.	  	TERMS AND CONDITIONS OF PERFORMANCE AND ANNUAL INCENTIVE AWARDS	  	16
		  	15.1.	  	Performance Conditions	  	16
		  	15.2.	  	Performance or Annual Incentive Awards Granted to Designated Covered Employees	  	17
		  		  	15.2.1.   Performance Goals Generally.	  	17
		  		  	15.2.2.   Business Criteria.	  	17
		  		  	15.2.3.   Timing For Establishing Performance Goals.	  	18
		  		  	15.2.4.   Settlement of Performance or Annual Incentive Awards; Other Terms.	  	18
		  	15.3.	  	Written Determinations.	  	18
		  	15.4.	  	Status of Section 15.2 Grants Under Code Section 162(m)	  	18
			
	16.	  	PARACHUTE LIMITATIONS	  	19
			
	17.	  	REQUIREMENTS OF LAW	  	19
		  	17.1.	  	General.	  	19
		  	17.2.	  	Rule 16b-3.	  	20
			
	18.	  	AMENDMENT AND TERMINATION OF THE PLAN	  	20
			
	19.	  	EFFECT OF CHANGES IN CAPITALIZATION	  	20
		  	19.1.	  	Changes in Stock.	  	20
		  	19.2.	  	Reorganization, Sale of Assets or Sale of Stock.	  	21
		  	19.3.	  	Adjustments.	  	22
		  	19.4.	  	No Limitations on Company.	  	22
			
	20.	  	DISCLAIMER OF RIGHTS	  	22
			
	21.	  	NONEXCLUSIVITY OF THE PLAN	  	23
			
	22.	  	WITHHOLDING TAXES	  	23
			
	23.	  	CAPTIONS	  	24
			
	24.	  	OTHER PROVISIONS	  	24
			
	25.	  	NUMBER AND GENDER	  	24
			
	26.	  	SEVERABILITY	  	24
			
	27.	  	GOVERNING LAW	  	24
			
	28.	  	SECTION 409A OF THE CODE	  	24
			
	29.	  	BLUE SKY PROVISIONS REQUIRED TO BE SET FORTH IN THE PLAN	  	24
		  	29.1.	  	California Provisions	  	24

  

 - ii -Exhibit 10.10.7

 Exhibit 10.10.7 
 PAETEC CORP. 
 2001 STOCK OPTION AND INCENTIVE PLAN 
 RESTRICTED STOCK UNIT AGREEMENT 
 PAETEC Corp. (the “Company”) hereby grants stock units for shares of the Class A Common Stock, par value $0.01 per share, of the Company (the “Shares”) to the Grantee named below, subject to the vesting conditions
set forth below and in the attached term sheet. Additional terms and conditions of the grant are set forth in this cover sheet, in the attached term sheet and in the PaeTec Corp. 2001 Stock Option and Incentive Plan (as amended from time to time,
the “Plan”). Capitalized terms that are used, but not defined, in this cover sheet or the attached term sheet have the meanings ascribed to such terms in the Plan. 
 Grant Date:                          , 200   
 Vesting Start Date:                     
    , 200    
 Name of Grantee:
                         
 Number of Shares Covered by Grant:                      
 Purchase Price per Share: $0.00 
 By signing this cover sheet, you agree to all of the terms and conditions described in this cover sheet, in the attached term sheet and in the Plan, a copy of which is also attached. You acknowledge that you have carefully reviewed
the Plan and agree that the Plan will control in the event any provision of this Agreement (as defined in the attached term sheet) should appear to be inconsistent. 
  

			
	  
	 	  

	(Grantee)	 	Keith M. Wilson
		 	Executive Vice President

 Attachment 
 This is not a share certificate or a negotiable instrument. 

 PAETEC CORP. 
 2001 STOCK OPTION AND INCENTIVE PLAN 
  

			
	Restricted Stock Units/ Nontransferability	  	This grant is an award of stock units for the number of Shares set forth on the cover sheet subject to the vesting conditions described below (“Restricted Stock Units”). Your
Restricted Stock Units may not be sold, assigned, pledged, hypothecated or otherwise transferred, whether by operation of law or otherwise, nor may the Restricted Stock Units be made subject to execution, attachment or similar
process.
		
	Vesting	  	 Your right to the Shares under this Grant vests as to 100% of the total number of Shares covered by this Grant, as shown on the cover sheet, on the
fourth anniversary of the Vesting Start Date (the “Vesting Date”), provided you then continue in Service.
 Your right to the Shares under this
Grant shall become 100% vested upon your termination of Service, if your Service terminates as a result of your death or “permanent and total disability,” within the meaning of Section 22(e)(3) of the Code (“Disability”). No
Shares will vest after your Service has terminated for any reason other than as a result of your death or Disability.

		
	Forfeiture of Unvested Shares	  	In the event that your Service terminates for any reason other than your death or Disability, you will forfeit to the Company all of the Shares subject to this Grant that have not yet
vested.
		
	Delivery	  	 Upon the vesting of the Restricted Stock Units hereunder, the Company will issue to you a share certificate for the Shares to which such vested
Restricted Stock Units relate. You will have no further rights with regard to a Restricted Stock Unit once the Shares related to such Restricted Stock Units has been issued.
  
 Notwithstanding the preceding paragraph, if the Shares would otherwise be delivered to you during a
period in which you are: (i) subject to a lock-up agreement restricting your ability to sell Shares in the open market or (ii) restricted from selling Shares in the open market because you are not then eligible to sell under the Company’s
insider trading or similar plan as then in effect (whether because a trading window is not open or you are otherwise restricted from trading), delivery of the Shares will be delayed until the first date on which you are no longer prohibited from
selling Shares due to a lock-up agreement or insider trading or similar plan restriction, but in any event no later than the last day of the calendar year in which the Shares otherwise would have been delivered.

  

 2 

			
	Market Stand-off Agreement	  	In connection with any underwritten public offering by the Company of its equity securities pursuant to an effective registration statement filed under the Securities Act of 1933 (the
“Securities Act”), including the Company’s initial public offering, you agree not to sell, make any short sale of, loan, hypothecate, pledge, grant any option for the purchase of, or otherwise dispose or transfer for value or agree to
engage in any of the foregoing transactions with respect to any Shares without the prior written consent of the Company or its underwriters, for such period of time after the effective date of such registration statement as may be requested by the
Company or the underwriters (not to exceed 180 days in length plus any customary “booster” period).
		
	Investment Representation	  	You hereby agree and represent, as a condition of this Grant of Restricted Stock Units, that the securities represented hereby are being acquired for investment, and not with a view to the sale
or distribution thereof.
		
	Transfer of Shares	  	Until such time as the Company becomes a reporting company under the Securities Exchange Act of 1934 or any corresponding provision of any successor statute (the “Exchange Act”) with
respect to any class of its securities, you may not sell, assign, pledge, hypothecate, transfer by gift or otherwise dispose of Shares acquired under this Grant, except pursuant to transfers back to the Company, transfers by will or the laws of
descent and distribution, or transfers by gift or domestic relations order to “family members” as defined in Rule 701 under the Securities Act of 1933.
		
	Withholding Taxes	  	You agree, as a condition of this Grant, that you will make acceptable arrangements to pay any withholding or other taxes that may be due as a result of the delivery of Shares acquired under
this Grant. In the event that the Company determines that any federal, state, local or foreign tax or withholding payment is required relating to the delivery of Shares arising from this Grant, the Company will have the right to require such
payments from you or to withhold such amounts from other payments due to you from the Company or any Affiliate.
		
	Retention Rights	  	This Agreement does not give you the right to be retained by the Company (or any Affiliate) in any capacity. The Company (and any Affiliates) reserve the right to terminate your Service at any
time and for any reason.

  

 3 

			
		
	Shareholder Rights	  	You do not have any of the rights of a stockholder with respect to the Restricted Stock Units unless and until the Shares relating to the Restricted Stock Units have been delivered to you. You
will, however, be entitled to receive, upon the Company’s payment of a cash dividend on outstanding Stock, a cash payment for each Share subject to this Award as of the record date for such dividend equal to the per-share dividend paid on the
Stock.
		
	Adjustments	  	Your Restricted Stock Units will be subject to the terms of any agreement of merger, liquidation, reorganization or similar event if the Company becomes subject to such agreement or event in
accordance with the terms of the Plan.
		
	Forum Selection	  	At all times each party hereto (1) irrevocably submits to the exclusive jurisdiction of any New York court or Federal court sitting in New York; (2) agrees that any action or proceeding
arising out of or relating to this Agreement or the transactions contemplated hereby shall be heard and determined in such New York or Federal court; (3) to the extent permitted by law irrevocably waives (i) any objection such party may
have to the laying of venue of any such action or proceeding in any of such courts, or (ii) any claim that such party may have that any such action or proceeding has been brought in an inconvenient forum; and (4) to the extent permitted by
law irrevocably agrees that a final nonappealable judgment in any such action or proceeding shall be conclusive and may be enforced in other jurisdictions by suit on the judgment or in any other manner provided by law. Nothing in this section
entitled “Forum Selection” shall affect the right of any party hereto to serve legal process in any manner permitted by law.
		
	Legends	  	 All certificates representing the Shares issued in connection with this Grant shall, where applicable, have endorsed thereon the following
legends:
  
 “THE SHARES REPRESENTED BY THIS CERTIFICATE ARE
SUBJECT TO CERTAIN RESTRICTIONS ON TRANSFER AND FORFEITURE PROVISIONS SET FORTH IN AN AGREEMENT BETWEEN THE COMPANY AND THE REGISTERED HOLDER OR HIS OR HER PREDECESSOR IN INTEREST. A COPY OF SUCH AGREEMENT IS ON FILE AT THE PRINCIPAL OFFICE OF THE
COMPANY AND WILL BE FURNISHED UPON WRITTEN REQUEST TO THE SECRETARY OF THE COMPANY BY THE HOLDER OF RECORD OF THE SHARES REPRESENTED BY THIS CERTIFICATE.”

  

 4 

			
		  	 “THE SHARES REPRESENTED HEREBY HAVE NOT BEEN REGISTERED OR QUALIFIED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR ANY SECURITIES LAWS OF ANY STATE OR
OTHER JURISDICTION, AND MAY NOT BE SOLD, PLEDGED, OR OTHERWISE TRANSFERRED WITHOUT AN EFFECTIVE REGISTRATION OR QUALIFICATION THEREOF UNDER SUCH ACT AND SUCH APPLICABLE STATE OR OTHER JURISDICTION’S SECURITIES LAWS OR AN OPINION OF COUNSEL,
SATISFACTORY TO THE COMPANY AND ITS COUNSEL, THAT SUCH REGISTRATION AND QUALIFICATION IS NOT REQUIRED.”

		
	Applicable Law	  	This term sheet and the cover sheet to which it is attached (together with any schedules and exhibits attached hereto or thereto, this “Agreement”) will be interpreted and enforced
under the laws of the State of Delaware, other than any conflicts or choice of law rule or principle that might otherwise refer construction or interpretation of this Agreement to the substantive law of another jurisdiction.
		
	The Plan	  	 The text of the Plan is incorporated in this Agreement by reference. Capitalized terms that are used, but not defined, in this Agreement have
the meanings ascribed to such terms in the Plan.
 This Agreement and the Plan constitute the entire understanding between you and the Company
regarding this Grant. Any prior agreements, commitments or negotiations concerning this Grant are superseded.

 By signing the cover sheet of this Agreement, you agree to all of the terms and conditions
described above and in the Plan. 
  

 5

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