Document:

EX-10.2

 Exhibit 10.2 

FORM OF 

RESTRICTED STOCK UNIT AGREEMENT 

Award with Performance Condition(s) to Employee/Consultant 

Pursuant to the 2011 Omnibus Equity Incentive Plan 
  

									
	 Participant:
	  		  		  			
				
	 Address:
	  		  		  			
				
	 Number of Restricted Stock Units:
	  		  		  			
				
	 Date of Grant:
	  		  		  			
				
	 Vesting of Restricted Stock Units:
	  	 	  	 Vesting Date
	  	 Vested %
	 
		  		  		  	 	33 1⁄3	% 
		  		  		  	 	33 1⁄3	% 
		  		  		  	 	33 1⁄3	% 
		  		  		  	  
	  
	 
		  	Total	  		  	 	100	% 
		  		  		  	  
	  
	 

 Quanta Services, Inc., a Delaware corporation (the “Company”), hereby grants to Participant,
pursuant to the provisions of the Quanta Services, Inc. Senior Leadership Annual and/or Long-Term Incentive Plan, as amended from time to time (collectively the “Incentive Plan”), a sub-plan of the Quanta Services, Inc. 2011 Omnibus
Equity Incentive Plan, as amended from time to time in accordance with its terms (the “Plan”), an award (this “Award”) of the number of restricted stock units (the “Restricted Stock Units”) set
forth on the Company’s electronic stock plan administration platform grant summary report for Participant (the “Grant Summary Report”), effective as of the “Date of Grant” set forth on the Grant Summary Report (the
“Date of Grant”), upon and subject to the terms and conditions set forth in this Restricted Stock Unit Agreement (this “Agreement”), the Incentive Plan and the Plan, which are incorporated herein by reference.
Unless otherwise defined in this Agreement, capitalized terms used in this Agreement shall have the meanings assigned to them in the Plan. 

1. EFFECT OF THE PLAN. The Restricted Stock Units awarded to Participant are subject to all of the provisions of the Plan, the
Incentive Plan and this Agreement, together with all rules and determinations from time to time issued by the Committee and by the Board pursuant to the Plan. The Company hereby reserves the right to amend, modify, restate, supplement or terminate
the Plan and/or the Incentive Plan without the consent of Participant, so long as such amendment, modification, restatement or supplement shall not materially reduce the rights and benefits available to Participant hereunder, and this Award shall be
subject, without further action by the Company or Participant, to such amendment, modification, restatement or supplement unless provided otherwise therein. 

 2. GRANT. This Agreement shall evidence Participant’s rights with respect to the
award of Restricted Stock Units. Participant agrees that the Restricted Stock Units shall be subject to all of the terms and conditions set forth in this Agreement, the Incentive Plan and the Plan, including, but not limited to, the forfeiture
conditions set forth in Section 5 of this Agreement and the satisfaction of the Required Withholding as set forth in Section 10(a) of this Agreement. 

3. PERFORMANCE CONDITION(S). The vesting of the Restricted Stock Units shall be subject to the achievement by the Company of the
performance standard(s) as reviewed and approved by the Committee and reflected in the resolutions of the Committee (the “Performance Goals”). The determination by the Committee with respect to the achievement of the Performance
Goals shall be made as soon as administratively practicable following the date on which all Company information necessary to assess achievement of the Performance Goals becomes available. The specific date on which such determination is formally
made and approved by the Committee is referred to as the “Determination Date.” After the Determination Date, the Company shall notify Participant of the forfeiture, or commencement of vesting, of the Restricted Stock Units depending
on whether, and if applicable, to what extent, the Performance Goals were achieved by the Company. 
 4. VESTING SCHEDULE; SERVICE
REQUIREMENT. Except as provided otherwise in Section 5 of this Agreement, a portion of the Restricted Stock Units shall vest during Participant’s continued service with the Company or an Affiliate (“Continuous
Service”) on each “Vesting Date” set forth on Participant’s Grant Summary Report (each, a “Vesting Date”), if and only if the Committee has determined that the applicable Performance Goals have been achieved,
as follows: 
 (a) thirty-three and one-third percent (33 1/3%) of the Restricted Stock Units will vest on the first Vesting Date,
or if the first Vesting Date occurs prior to the Determination Date, then on the Determination Date, which shall be deemed the first Vesting Date hereunder; 

(b) an additional thirty-three and one-third percent (33 1/3%) of the Restricted Stock Units will vest on the second Vesting Date;
and 
 (c) the remaining thirty-three and one-third percent (33 1/3%) of the Restricted Stock Units will vest on the third Vesting
Date. 
 If an installment of the vesting would result in a fractional vested Restricted Stock Unit, such installment will be rounded to the next higher or
lower Restricted Stock Unit, except that the final installment will be for the balance of the Restricted Stock Units. 
 5. CONDITIONS OF
FORFEITURE. 
 (a) Upon a determination by the Committee on the Determination Date that the Performance Goals have not been achieved,
all unvested Restricted Stock Units as of the Determination Date shall, without further action of any kind by the Company or Participant, be forfeited. 

  
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 (b) Subject to Section 15(g) of the Plan, upon any termination of Participant’s
Continuous Service (the “Termination Date”) for any or no reason (other than due to Participant’s death), including but not limited to Participant’s voluntary resignation or termination by the Company with or without
cause, before all of the Restricted Stock Units become vested, all unvested Restricted Stock Units as of the Termination Date shall, without further action of any kind by the Company or Participant, be forfeited. 

(c) Unvested Restricted Stock Units that are forfeited shall be deemed to be immediately cancelled without any payment by the Company or
action by Participant. Following such forfeiture, Participant shall have no further rights with respect to such forfeited Restricted Stock Units. 

(d) Notwithstanding anything to the contrary in this Agreement, the unvested Restricted Stock Units shall become vested (i) on the death
of Participant during Participant’s Continuous Service or (ii) upon the occurrence of a Change in Control during Participant’s Continuous Service. 

6. SETTLEMENT AND DELIVERY OF COMMON SHARES. Settlement of Restricted Stock Units shall be made on the Vesting Date, or, if later, the
payment date under the terms of any deferral arrangement as may be established between the Company and Participant (in each case subject to an administrative processing window of up to fifteen (15) days thereafter). Settlement will be made by
issuance of Common Shares. Notwithstanding the foregoing, the Company shall not be obligated to issue any Common Shares if counsel to the Company determines that such sale or delivery would violate any applicable law or any rule or regulation of any
governmental authority or any rule or regulation of, or agreement of the Company with, any securities exchange or association upon which the Common Shares is listed or quoted. The Company shall in no event be obligated to take any affirmative action
in order to cause the issuance of Common Shares to comply with any such law, rule, regulation or agreement. 
 7.
NON-TRANSFERABILITY. Participant may not sell, transfer, pledge, exchange, hypothecate, or otherwise encumber or dispose of any of the Restricted Stock Units, or any right or interest therein, by operation of law or otherwise. A Restricted
Stock Unit is personal to Participant and is non-assignable and non-transferable other than by will or by the laws of descent and distribution in the event of death of
Participant. Any transfer in violation of this Section 7 shall be void and of no force or effect. 
 8. DIVIDEND AND VOTING
RIGHTS. Participant shall have no rights to dividends or other rights of a stockholder with respect to the Restricted Stock Units unless and until such time as the Award has been settled by the issuance of Common Shares to Participant.
Participant shall have the right to receive a cash dividend equivalent payment with respect to the Restricted Stock Units for cash dividends payable to holders of Common Shares as of a record date designated by the Company that is within the period
beginning on the Date of Grant and ending on the date the Common Shares are issued to Participant in settlement of the Restricted Stock Units, which dividend equivalent payment shall be payable to Participant at the same time as Participant receives
settlement of the Restricted Stock Units. In the event of forfeiture of Restricted Stock Units, Participant shall have no further rights with respect to such Restricted Stock Units. 

  
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 9. CAPITAL ADJUSTMENTS AND CORPORATE EVENTS. If, from time to time during the term of this
Agreement, there is any capital adjustment affecting the outstanding Common Shares as a class without the Company’s receipt of consideration, the unvested Restricted Stock Units shall be adjusted in accordance with the provisions of
Section 12(a) of the Plan. 
 10. TAX MATTERS. 

(a) The Company’s obligation to deliver Common Shares to Participant upon the settlement of such Restricted Stock Units shall be subject
to the satisfaction of any and all applicable federal, state and local income and/or employment tax withholding requirements (the “Required Withholding”). At the time of issuance of Common Shares upon vesting or settlement of
Restricted Stock Units, the Company shall withhold from the Common Shares that otherwise would have been delivered to Participant an appropriate number of Common Shares necessary to satisfy Participant’s Required Withholding, and deliver the
remaining Common Shares to Participant. The distribution of Common Shares described in Section 6 will be net of such Common Shares that are withheld to satisfy applicable taxes pursuant to this Section 10. In lieu of withholding Common
Shares, the Committee may, in its discretion, authorize the satisfaction of tax withholding by a cash payment to the Company, by withholding an appropriate amount of cash from base pay, or by such other method as the Committee determines may be
appropriate to satisfy all obligations for withholding of such taxes. The obligations of the Company under this Award will be conditioned on such satisfaction of the Required Withholding. 

(b) Participant acknowledges that the tax consequences associated with this Award are complex and that the Company has urged Participant to
review with Participant’s own tax advisors the federal, state, and local tax consequences of this Award. Participant is relying solely on such advisors and not on any statements or representations of the Company or any of its agents.
Participant understands that Participant (and not the Company) shall be responsible for Participant’s own tax liability that may arise as a result of the Award. 

11. ENTIRE AGREEMENT; GOVERNING LAW. The Plan, the Incentive Plan and this Agreement constitute the entire agreement of the Company and
Participant (collectively, the “Parties”) with respect to the subject matter hereof and supersede in their entirety all prior undertakings and agreements of the Parties with respect to the subject matter hereof. If there is any
inconsistency among the provisions of this Agreement, the Incentive Plan and the Plan, the provisions of the Plan shall govern. Nothing in the Plan, the Incentive Plan and this Agreement (except as expressly provided therein or herein) is intended
to confer any rights or remedies on any person other than the Parties. THE PLAN, THE INCENTIVE PLAN AND THIS AGREEMENT ARE TO BE CONSTRUED IN ACCORDANCE WITH AND GOVERNED BY THE INTERNAL LAWS OF THE STATE OF DELAWARE, WITHOUT GIVING EFFECT TO ANY
CHOICE-OF-LAW RULE THAT WOULD CAUSE THE APPLICATION OF THE LAWS OF ANY JURISDICTION OTHER THAN THE INTERNAL LAWS OF THE STATE OF DELAWARE TO THE RIGHTS AND DUTIES OF THE PARTIES. Should any provision of the Plan, the Incentive Plan or this Agreement
relating to the subject matter hereof be determined by a court of law to be illegal or unenforceable, such provision shall be enforced to the fullest extent allowed by law and the other provisions shall nevertheless remain effective and shall remain
enforceable. 

  
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 12. INTERPRETIVE MATTERS. Whenever required by the context, pronouns and any variation
thereof shall be deemed to refer to the masculine, feminine, or neuter, and the singular shall include the plural, and vice versa. The term “include” or “including” does not denote or imply any limitation. The captions and
headings used in this Agreement are inserted for convenience and shall not be deemed a part of this Award or this Agreement for construction or interpretation. 

13. DISPUTE RESOLUTION. The provisions of this Section 13 shall be the exclusive means of resolving disputes of the Parties
(including any other persons claiming any rights or having any obligations through the Company or Participant) arising out of or relating to the Plan, the Incentive Plan and this Agreement. The Parties shall attempt in good faith to resolve any
disputes arising out of or relating to the Plan, the Incentive Plan and this Agreement by negotiation between individuals who have authority to settle the controversy. Negotiations shall be commenced by either Party by a written statement of the
Party’s position and the name and title of the individual who will represent the Party. Within thirty (30) days of the written notification, the Parties shall meet at a mutually acceptable time and place, and thereafter as often as both
parties reasonably deem necessary, to resolve the dispute. If the dispute has not been resolved by negotiation within ninety (90) days of the written notification of the dispute, either Party may file suit and each Party agrees that any suit,
action, or proceeding arising out of or relating to the Plan, the Incentive Plan or this Agreement shall be brought in the United States District Court for the Southern District of Texas, Houston Division (or should such court lack jurisdiction to
hear such action, suit or proceeding, in a Texas state court in Harris County, Texas) and that the Parties shall submit to the jurisdiction of such court. The Parties irrevocably waive, to the fullest extent permitted by law, any objection a Party
may have to the laying of venue for any such suit, action or proceeding brought in such court. THE PARTIES ALSO EXPRESSLY WAIVE ANY RIGHT THEY HAVE OR MAY HAVE TO A JURY TRIAL OF ANY SUCH SUIT, ACTION OR PROCEEDING. If any one or more provisions of
this Section 13 shall for any reason be held invalid or unenforceable, it is the specific intent of the Parties that such provisions shall be modified to the minimum extent necessary to make it or its application valid and enforceable. 

14. RESTRICTIVE COVENANTS. In consideration for the grant of this Award, (a) Participant hereby agrees to abide by the restrictive
covenants set forth in Section 14 of the Plan, and (b) Participant hereby agrees that during Participant’s Continuous Service and for one year thereafter, Participant shall not solicit any person who is an employee of the Company or
any Affiliate for the purpose or with the intent of enticing such employee away from or out of the employ of the Company or any Affiliate. 

15. AMENDMENT; WAIVER. This Agreement may be amended or modified only by means of a written document or documents signed by the Company
and Participant. Any provision for the benefit of the Company contained in this Agreement may be waived, either generally or in any particular instance, by the Board or by the Committee. A waiver on one occasion shall not be deemed to be a waiver of
the same or any other breach on a future occasion. 
 16. NOTICE. Any notice or other communication required or permitted hereunder
shall be given in writing and shall be deemed given, effective, and received upon prepaid 

  
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delivery in person or by courier or upon the earlier of delivery or the third business day after deposit in the United States mail if sent by certified mail, with postage and fees prepaid, and
addressed as applicable, if to the Company, at its corporate headquarters address, Attention: Stock Plan Administration, and if to Participant, at its address on file with the Company’s stock plan administration service provider. 

17. CLAWBACK. 
 (a)
Notwithstanding anything herein to the contrary, if any incentive based compensation, or any other compensation, paid or payable to Participant as a current or former executive officer of the Company pursuant to the Plan is subject to recovery under
any law, government regulation, order or stock exchange listing requirement, such compensation shall be subject to such deductions and clawback (recovery), including by means of repayment by Participant and/or withholding of future wages, as may be
required to be made pursuant to law, government regulation, order, stock exchange listing requirement (or any policy of the Company adopted pursuant to any such law, government regulation, order or stock exchange listing requirement). 

(b) Further, notwithstanding anything herein to the contrary, if any incentive based compensation, or any other compensation, is paid or
payable to Participant other than as a current or former executive officer of the Company pursuant to the Plan which, if payable to an executive officer of the Company, would be subject to recovery under any law, government regulation, order or
stock exchange listing requirement, such compensation shall be, in the discretion of the Committee, subject to such deductions and clawback (recovery), including by means of repayment by Participant and/or withholding of future wages, to the same
extent as may be required to be made pursuant to law, government regulation, order, stock exchange listing requirement (or any policy of the company adopted pursuant to any such law, government regulation, order or stock exchange listing
requirement) with respect to an executive officer of the Company, but only to the extent that the circumstances requiring such deductions and clawback (recovery) are attributable in whole or in part to the functional area or operating unit with whom
Participant is associated. 
 (c) Acceptance of this Award pursuant to the Plan renders Participant’s future wages subject to
withholding by the Company to permit recovery of any amounts that may become due under this Section 17. This provision shall survive to the extent required by law, government regulation, order, stock exchange listing requirement (or any policy
of the Company adopted pursuant to any such law, government regulation, order or stock exchange listing requirement). Participant hereby acknowledges and agrees in writing to the foregoing as a condition to receipt of this Award. 

18. SECTION 409A. The award of Restricted Stock Units is intended to be (i) exempt from Section 409A of the Code including,
but not limited to, by reason of compliance with the short-term deferral exemption as specified in Treas. Reg. § 1.409A-1(b)(4); or (ii) in compliance with Section 409A, and the provisions of this Agreement shall be administered,
interpreted and construed accordingly. Notwithstanding anything herein to the contrary, if Participant is a “specified employee” as such term is defined in Section 409A of the Code, any amounts that would otherwise be payable
hereunder as nonqualified deferred compensation within the meaning of Section 409A of the Code on account of separation from service (other 

  
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than by reason of death) to Participant shall not be payable before the earlier of (i) the date that is 6 months after the date of Participant’s separation from service, or
(ii) the date that otherwise complies with the requirements of Section 409A of the Code. To the extent required to comply with Section 409A of the Code, any amounts that would otherwise be payable hereunder upon an event described in
Section 2(f) of the Plan as nonqualified deferred compensation within the meaning of Section 409A of the Code, such event shall not constitute a “Change in Control” under this Agreement unless and until such event
constitutes a change in the ownership or effective control of the Company or in the ownership of a substantial portion of the assets of the Company within the meaning of Section 409A(a)(2)(A)(v) of the Code. The Company makes no commitment or
guarantee to Participant that any federal or state tax treatment shall apply or be available to any person eligible for benefits under this Agreement. 

19. ACKNOWLEDGMENTS. PARTICIPANT ACKNOWLEDGES AND AGREES THAT (A) THE SHARES SUBJECT TO THIS RESTRICTED STOCK UNIT AWARD SHALL
VEST AND THE FORFEITURE RESTRICTIONS SHALL LAPSE, IF AT ALL, ONLY DURING THE PERIOD OF PARTICIPANT’S CONTINUOUS SERVICE OR AS OTHERWISE PROVIDED IN THIS AGREEMENT, AND (B) NOTHING IN THIS AGREEMENT, THE INCENTIVE PLAN OR THE PLAN SHALL
CONFER UPON PARTICIPANT ANY RIGHT WITH RESPECT TO FUTURE AWARDS OR CONTINUATION OF PARTICIPANT’S CONTINUOUS SERVICE. Participant acknowledges receipt of an electronic copy of this Agreement, the Incentive Plan and the Plan and represents that
he or she is familiar with the terms hereof and thereof. Participant has reviewed this Agreement, the Incentive Plan and the Plan, has had an opportunity to obtain the advice of tax and legal counsel prior to accepting the Award and becoming bound
by this Agreement, and understands all provisions of this Agreement, the Incentive Plan and the Plan. Participant agrees that all disputes arising out of or relating to this Agreement, the Incentive Plan and the Plan shall be resolved in accordance
with Section 13 of this Agreement. 
  

			
	QUANTA SERVICES, INC.
		
	By:	 	 
		 	

 Participant acknowledges receipt of an electronic copy of the Plan, the Incentive Plan and the Award Agreement,
represents that he or she has reviewed and is familiar with the terms and provisions thereof, and hereby accepts the Award subject to all of the terms and provisions of the Plan, the Incentive Plan and the Award Agreement, agreeing to be bound
thereby. 
  

									
	ACCEPTED:	 		 	
					
	Dated:	 	 	 		 	Signed:	 	 
		 		 		 		 	[Participant Name]

  

  
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 Participant acknowledges receipt of an electronic copy of the Plan, the Incentive Plan and the Award Agreement,
represents that he or she has reviewed and is familiar with the terms and provisions thereof, and hereby rejects the Award. 
  

									
	REJECTED:	 		 	
					
	Dated:	 	 	 		 	Signed:	 	 
		 		 		 		 	[Participant Name]

  
 Page 8EX-10.2

 Exhibit 10.2 

EXECUTION COPY 
 Dated 5 February 2016 

ZIMMER PTE LTD 
 and 

STEPHEN OOI HONG LIANG 

SETTLEMENT AGREEMENT 

 TABLE OF CONTENTS 

 

							
	Contents	  	Page	 
			
	 1.
	 	 Definitions and Interpretation
	  	 	1	  
			
	 2.
	 	 Mutual Agreement
	  	 	2	  
			
	 3.
	 	 Payments
	  	 	3	  
			
	 4.
	 	 Post-Termination
	  	 	3	  
			
	 5.
	 	 Confidentiality Obligations
	  	 	4	  
			
	 6.
	 	 Non-compete and Non-solicitation Covenants
	  	 	5	  
			
	 7.
	 	 Release and Discharge
	  	 	6	  
			
	 8.
	 	 Indemnity
	  	 	7	  
			
	 9.
	 	 Entire Agreement
	  	 	7	  
			
	 10.
	 	 Illegality and Severability
	  	 	7	  
			
	 11.
	 	 Reasonableness
	  	 	7	  
			
	 12.
	 	 Third Party Rights
	  	 	8	  
			
	 13.
	 	 Governing Law
	  	 	8	  
			
	 14.
	 	 Dispute Resolution
	  	 	8	  
			
	 15.
	 	 General
	  	 	8	  
			
	 16.
	 	 Counterparts
	  	 	9	  

	

	

	

	

	

	

	

	

	

	

	

	

	

	

	

  
 i 

 This Agreement is made on 5 February 2016 between: 

 

	(1)	Zimmer Pte Ltd (Singapore UEN No. 198201948K, a company incorporated under the laws of Singapore with its registered address at 315 Alexandra Road, #03-03, Sime Darby Business Centre, Singapore 159944 (the
“Company”); and 

  

	(2)	Stephen Ooi Hong Liang (NRIC No.             ) of             , Singapore 127359 (the
“Executive”). 

 Whereas: 
  

	(A)	Pursuant to an employment contract dated 28 January 1986, the Executive was initially employed by the Company as its Regional Manager. 

 

	(B)	The Executive has been employed as President of the Company for a period commencing 2 September 2002, and as an executive officer of the Company for a period commencing 9 December 2005. The
Executive’s employment as President and executive officer of the Company ended 24 June 2015. Thereafter, the Executive has, for a period commencing 24 June 2015 been employed as Senior Executive Advisor. 

 

	(C)	Pursuant to this Agreement, it is agreed that the Executive’s last day of service with the Company will be 31 December 2015 (the “Last Day of Service”). 

 

	(D)	The Parties are desirous of effecting an amicable termination to the Executive’s employment on a full and final basis and in accordance with the applicable laws and regulations on the terms and conditions as
set out in this Agreement. 

 It is hereby agreed as follows: 

 

	1.	Definitions and Interpretation 

  

	1.1	Whenever the following terms appear in this Agreement, they shall have the respective meanings specified below unless the context otherwise requires: 

 

	 	1.1.1	“Group” means the Company, any holding company of the Company, as well as their subsidiaries, affiliates, associate and/or related corporations; and “Group Company” refers to any
company within the Group. 

  

	 	1.1.2	“Parties” mean the Company and the Executive and “Party” means any one of them. 

  

	1.2	The headings and sub-headings of the provisions of this Agreement are to facilitate reference only and do not form a part of this Agreement, and shall not in any way affect the construction or interpretation thereof.

  

	1.3	Unless the context otherwise requires, in this Agreement: 

  

	 	1.3.1	words importing the singular shall include the plural and vice versa, words denoting any gender shall include every gender, and words denoting persons shall include firms and corporations and vice versa;

  

	 	1.3.2	references to any person shall be construed as a reference to such person’s successors or permitted assigns; 

  
 1 

	 	1.3.3	the terms “hereof”, “herein”, “hereby”, “hereto”, “hereunder”, “hereafter”, “hereinafter” and
similar words refer to this Agreement and not any particular Clause, or any other subdivision of this Agreement; 

  

	 	1.3.4	references to any “person” include any natural person, corporation, judicial entity, association, statutory body, partnership, limited liability company, joint venture, trust, estate,
unincorporated organisation or government, state or any political subdivision, instrumentality, agency or authority; 

  

	 	1.3.5	the words “include” or “including” shall be deemed to be followed by “without limitation” or “but not limited to” whether or not they are followed by
such phrases or words of like import; 

  

	 	1.3.6	references to any statute, regulation, notification or statutory provision shall be construed as a reference to the same as it may have been, or may from time to time be, amended, modified or re-enacted;

  

	 	1.3.7	except to the extent that the context requires otherwise, references to a “day”, “month” or “year” shall be construed by reference to the Gregorian calendar and if any
period of time is specified from a given day, the period is to be calculated exclusive of that day, and if any time limit falls on a day which is not a working day, then that time limit is deemed to expire only on the next working day; and

  

	 	1.3.8	references to any deed, agreement or document include a reference to that deed, agreement or document as amended, supplemented, substituted, novated or assigned. 

 

	1.4	References to “Clause” or any other deed, agreement or document in this Agreement shall be construed as references to the Clauses and sub-clauses of this Agreement, or such other deed, agreement or
document, as may be amended, modified or supplemented from time to time, and shall include a reference to any document which amends, modifies or supplements it, or is entered into, made or given pursuant to or in accordance with its terms.

  

	2.	Mutual Agreement 

  

	2.1	Subject to the terms and conditions in this Agreement, the Company and the Executive mutually agree that the Executive’s employment will cease on the Last Day of Service. 

 

	2.2	On and from the Last Day of Service, the Executive shall not disrupt or attempt to disrupt, interfere or attempt to interfere with the Company’s business operations. 

 

	2.3	The Executive shall, save as expressly provided in this Agreement or any other agreement between the Parties, return to the Company forthwith all property of the Company. Property of the Company includes, but is
not limited to, office access cards, locker keys, corporate credit cards, data storage equipment, computers, laptops, mobile phones, tablet devices, name cards and all documents, papers, memoranda, software, hardware, all computer files (and the
data enclosed therein) and software, diskettes, electronic data storage devices, samples, confidential paper notes and other documents and all copies, in paper form or any other form, relating to the Company, its business or its customers.

  
 2 

	3.	Payments 

  

	3.1	The Executive acknowledges that the Company has, on or before the Last Day of Service, paid the Executive the following: 

  

	 	3.1.1	the Executive’s base salary, for the time period from 1 December 2015 to the Last Day of Service, in an amount equal to S$59,316.67; 

 

	 	3.1.2	all allowances (e.g. for transport, mobile phone, broadband and iPad expenses) that the Executive is entitled to receive for the time period from 1 December 2015 to the Last Day of Service in an aggregate amount
equal to S$7,380.7; 

  

	 	3.1.3	the encashed equivalent of any accrued but unutilised annual leave as at the Last Day of Service, in an aggregate amount equal to S$58,860.39; and 

 

	 	3.1.4	all other amounts due to the Executive pursuant to the Executive’s employment with the Company save as expressly set out within this Agreement. 

 

	3.2	Within 7 working days of the date of this Agreement, the Company shall pay the Executive payment equivalent to the sum of twenty-four (24) months’ base salary, being, inter alia, payment in
consideration of the Executive’s obligations set out in Clause 6.2 below, in an aggregate amount equal to S$1,423,600.08. 

  

	3.3	The Company shall, subject to the terms and conditions of the Zimmer Biomet Holdings, Inc. Performance Incentive Plan Communication Bonus Year 2015 (the “Incentive Plan”), pay the Executive such bonuses
as the Executive may be entitled to under the Incentive Plan (if any) in accordance with the terms and conditions (including but not limited to payment date(s)) of the same. For the avoidance of doubt, the Executive shall, subject to the other terms
and conditions of the Incentive Plan, be eligible for such bonuses (if any) notwithstanding that he is not employed by the Company on the date of the bonus payments. 

 

	3.4	For the avoidance of doubt, the Executive shall continue to be solely responsible for paying any and all tax (if any) on income, payment and/or benefits in connection with the Executive’s employment and/or
termination of his employment with the Company. 

  

	4.	Post-Termination 

  

	4.1	On and from the Last Day of Service, the Executive shall, save as expressly provided in this Agreement or any other agreement between the Parties, no longer be entitled to any and all of the Company’s
benefits (including but not limited to allowances for transport, mobile phone, broadband and iPad expenses). The Executive shall also play no further part and/or exercise any power whatsoever in any capacity, including as an employee of the Company
or the Group. 

  

	4.2	The Executive shall also not hold himself out as an employee, agent or representative of the Company or the Group after the Last Day of Service or any earlier date on which the employment of the Executive
mutually comes to an end. 

  

	4.3	The Executive shall, if requested by the Company, cooperate fully with the Company in relation to any matter in respect of the Company, including but not limited to any investigations, handing over of his duties
and responsibilities and/or any other requirements in connection with and/or arising from the Company’s business operations and/or commercial interests. 

  
 3 

	5.	Confidentiality Obligations 

  

	5.1	From the Last Day of Service, the Executive shall not communicate or disclose to any person whomsoever or otherwise make use of (and shall use his best efforts to prevent the publication or disclosure of) any
Confidential Information. Confidential Information includes but is not limited to any and all of the Company’s and all other Group Companies’ trade secrets, confidential and proprietary information and all other information and data of the
Company and all other Group Companies that is not generally known to the public or other third parties who could derive economic value from its use or disclosure, confidential business methods and processes, research and development information,
business plans and strategies, marketing plans and strategies, information pertaining to current and prospective customers, information pertaining to distributors, pricing information, costing information, non-public financial information, personnel
information, and information about current and prospective products or services, whether or not reduced to writing or other tangible medium of expression, including work product created by the Executive in rendering services for the Company and all
other Group Companies. 

  

	5.2	Each Party shall treat as strictly private and confidential and not disclose, publish or use, in any way whatsoever, any information which relates to: 

 

	 	5.2.1	the existence, subject-matter and/or provisions of this Agreement; and 

  

	 	5.2.2	the negotiations relating to this Agreement and the fact that Parties have entered into this Agreement. 

  

	5.3	Clause 5.1 shall not prohibit the disclosure or use of any information if and to the extent: 

  

	 	5.3.1	the disclosure or use is required by law, any regulatory body or the rules or regulations of any recognised stock exchange; 

  

	 	5.3.2	the disclosure or use is required for the purpose of any proceedings arising out of this Agreement or any valid amendment or variation thereof; 

 

	 	5.3.3	the disclosure is made to professional advisors of a Party on terms that such professional advisors undertake to comply with the provisions of Clause 5.1 in respect of such information as if they were a party to
this Agreement; 

  

	 	5.3.4	the information becomes publicly available (other than by a breach of this Agreement); 

  

	 	5.3.5	disclosure to relevant tax authorities for tax reasons; or 

  

	 	5.3.6	the other Party has given prior written approval to the disclosure or use. 

 Provided
that prior to disclosure or use of any information pursuant to Clause 5.2.1 or 5.2.2, the Party concerned shall promptly notify the other Party of such requirement with a view to providing the other Party with the opportunity to contest such
disclosure or use or otherwise to agree to the timing and content of such disclosure or use. 

  
 4 

	5.4	The obligations of each Party under Clause 5 shall continue into perpetuity and shall endure without limit in point of time 

  

	6.	Non-compete and Non-solicitation Covenants 

  

	6.1	Over the course of his employment, particularly as executive officer and president of the Company, the Executive has obtained and/or will continue to obtain trade secrets, Confidential Information (as defined at
Clause 5.1 above) and personal knowledge of and influence over customers, clients and employees of the Group. 

  

	6.2	Subject to receipt of the payment at Clause 3.2 of this Agreement the Executive, shall not for a period of twelve (12) months from the Last Day of Service: 

 

	 	6.2.1	directly or indirectly, within the Restricted Geographical Area, be employed by, work for, consult with, provide services to, or lend assistance to any Competing Entity in a Prohibited Capacity. The Executive may
be employed by, work for, consult with, provide services to, or lend assistance to a Competing Entity provided that: (i) the Competing Entity’s business is diversified; (ii) the part of the Competing Entity’s business with which
Executive will be affiliated would not, evaluated on a stand-alone basis, be a Competing Entity; (iii) the Executive’s affiliation with the Competing Entity does not involve any Competing Products; and (iv) the Executive provides the
Company and/or Group Companies a written description of the Executive’s anticipated activities on behalf of the Competing Entity which includes, without limitation, an assurance satisfactory to the Company and/or Group Companies that the
Executive’s affiliation with the Competing Entity does not constitute a Prohibited Capacity. 

  

	 	6.2.2	(i) provide, sell, or market; (ii) assist in the provision, selling, or marketing of; or (iii) attempt to provide, sell or market any Competing Products to any of the Company’s and/or Group
Companies’ customers located in the Restricted Geographical Area. 

  

	 	6.2.3	within the Restricted Geographical Area, urge, induce or seek to induce any of the Company’s and/or Group Companies’ independent contractors, subcontractors, distributors, brokers, consultants, sales
representatives, customers, vendors, suppliers or any other person or entity with whom the Company and/or Group Companies has a business relationship at the time of the Executive’s termination of employment with the Company to terminate its or
their relationship with, or representation of, the Company and/or Group Companies or to cancel, withdraw, reduce, limit or in any manner modify any such person’s or entity’s business with, or representation of, the Company and/or Group
Companies. 

  
 5 

	 	6.2.4	within the Restricted Geographical Area, employ, solicit for employment, or advise any other person or entity to employ or solicit for employment, any individual employed by the Company at the time of Executive’s
termination of employment with the Company, or otherwise directly or indirectly induce or entice any such employee to leave his/her employment with the Company to work for, consult with, provide services to, or lend assistance to any Competing
Entity. 

  

	6.3	For the purposes of this Clause 6, the following terms shall have the respective meanings specified below unless the context otherwise requires: 

 

	 	6.3.1	“Competing Product” means any product, process or service that is similar (or would serve as a substitute for) and competitive with any product, process or service that the Company and/or Group
Companies is researching, developing, manufacturing, distributing, selling and/or providing at the time of the Executive’s termination of employment with the Company. 

 

	 	6.3.2	“Competing Entity” means any entity that researches, develops, manufactures, markets, distributes and/or sells one or more Competing Products, including Astra Tech Dental (part of AstraZeneca
Group); DePuy Orthopaedics, Inc. and DePuy Spine Inc. (subsidiaries of Johnson & Johnson); Japan Medical Materials Corporation; Japan Medical Dynamic Marketing, Inc.; Medtronic, Inc.; Nobel Biocare Holding AG; NuVasive, Inc.;
Smith & Nephew plc; Straumann Holding AG; Stryker Corporation; Synthes, Inc.; and the subsidiaries and affiliates of each of the foregoing. A Competing Entity is diversified if it operates multiple, independently operating business
divisions, units, lines or segments some of which do not research, develop, manufacture, market, distribute and/or sell any Competing Products. 

  

	 	6.3.3	“Prohibited Capacity” means (a) any same or similar capacity to that held by Executive at any time during the Executive’s last 2 years of employment with the Company; (b) any
executive or managerial capacity; or (c) any capacity in which Executive may be required, or in which it may be advantageous to a person other than the Company and/or Group Companies for the Executive to use or refer to the Executive’s
knowledge of Confidential Information. 

  

	 	6.3.4	“Restricted Geographical Area” means Australia, China, Hong Kong, India, Japan, Korea, Malaysia, New Zealand, Singapore, Taiwan, and Thailand. 

 

	6.4	The Executive agrees that in case of breach of any of the covenants undertaken under Clause 6.2 above, he shall be obliged to pay to the Company and/or relevant Group Company, by way of liquidated damages, an
amount equal to the sum of 12 months of his last drawn base salary without prejudice for any further damage and the right of the Company and/or relevant Group Company to activate any judicial remedy, also on an injunctive basis, for the enforcement
of the covenant. 

  

	7.	Release and Discharge 

  

	7.1	 The Executive irrevocably and unconditionally, fully and forever releases, remises and discharges the
Company, the Group, as well as all of their directors, officers, members, employees, shareholders, agents, servants, advisers, representatives and successors in name and/or title (collectively, the “Related Parties”) from any and
all claims, actions, debts, obligations, liabilities, costs or expenses, disputes, causes of action of whatsoever kind or 

  
 6 

	 	
nature which he has, had, may have had, or now or may in the future have for or by reason of any matter, cause, issue or thing whatsoever arising from and/or in connection with his employment
with the Company, including but not limited to any applicable employment or retirement laws (collectively, the “Claims”). 

  

	7.2	The Executive acknowledges that he has no Claims against the Company, the Group as well as all their Related Parties and further undertakes not to institute, commence or continue any proceedings (whether legal,
arbitral, administrative or otherwise) against the Company, the Group or any of their Related Parties, anywhere in the world arising from and/or in connection with his employment with the Company. 

 

	7.3	In addition to the above, the Executive further represents, warrants and undertakes to the Company that he will not, directly or indirectly, make or publish any disparaging or derogatory statements about the
Company and any other Group Companies; about the Company’s and any other Group Companies’ products, processes or services; or about the Company’s and any other Group Companies’ past, present and future officers, directors,
employees, attorneys and agents. Disparaging or derogatory statements include, but are not limited to, negative statements regarding Company’s business or other practices; provided, however, nothing herein shall prohibit the Executive from
providing any information as may be compelled by law or legal process. 

  

	8.	Indemnity 

  

	8.1	The Executive shall fully indemnify and hold harmless the Company from any and all loss, damage, costs, actions, claims, liabilities, proceedings, demands, risks, charges and/or expenses of whatsoever nature and
howsoever arising, whether direct, indirect, joint, several, actual, contingent or otherwise (including legal fees on an indemnity basis), including but not limited to claims made by third parties, arising from any breach of this Agreement by the
Executive. 

  

	9.	Entire Agreement 

 This Agreement supersedes and cancels all previous deeds, agreements,
warranties and undertakings whether oral or written, express or implied, given or made by the Parties, and shall constitute the entire agreement between the Parties in respect of the matters set out herein, and no further terms and conditions shall
be included or implied. 
  

	10.	Illegality and Severability 

 In case any provision in this Agreement shall be, or at any
time shall become invalid, illegal or unenforceable in any respect, such invalidity, illegality or unenforceability shall not in any way affect or impair any other provision of this Agreement but this Agreement shall be construed as if such invalid,
illegal or unenforceable provisions had never been contained herein. 
  

	11.	Reasonableness 

 The Executive confirms that he has been given the opportunity to review
and consider this Agreement (including the opportunity to seek independent legal advice in relation to and/or in connection with all the matters provided for in this Agreement) and he agrees, having considered the terms of this Agreement as a whole,
that the terms of this Agreement are fair and reasonable. 

  
 7 

	12.	Third Party Rights 

 Save for all Group Companies and their directors, officers, members,
employees, shareholders, agents, servants, advisers, representatives and successors in name and/or title, a person who or which is not a party to this Agreement shall not have any right under the Contracts (Rights of Third Parties) Act (Chapter 53B)
to enforce any provision of this Agreement. 
  

	13.	Governing Law 

 This Agreement shall be governed by, and construed in accordance with,
the laws of Singapore. 
  

	14.	Dispute Resolution 

 In the event of any claim or matter arising out of and/or in
connection with this Agreement, including any question regarding its existence, validity, enforceability or termination, the Parties agree to submit to the exclusive jurisdiction of the Singapore courts. 

 

	15.	General 

  

	15.1	Upon receiving the payments referred to in Clause 3.1 above, the Executive shall sign a statement acknowledging that the said sums have been paid to him and that no sum, save for the amounts due and payable under
Clause 3.3 (if applicable), is due or outstanding to him whatsoever thereafter under this Agreement and his employment with the Company. The Executive shall further acknowledge that the payments referred to in Clauses 3.1 and 3.2 above represent the
full and final settlement of all and any Claims or rights of action that he has or may have against the Company or the Group relating to his employment and termination thereof, and any other matter including any statutory claims that he has or may
have save for the amounts due and payable under Clause 3.3 (if applicable). 

  

	15.2	Notwithstanding the foregoing, equity awards granted to the Executive prior to the Completion Date shall continue to be governed by the terms and conditions of those awards including the payment by the Company of
any amounts properly owing to the Executive. In this regard, the Executive was awarded a certain number of restricted stock units (“RSUs”) during his employment which, depending on, inter alia, the Executive’s compliance
with the terms and conditions, his performance up to the Last Day of Service and the discretion of the Compensation and Management Development Committee of the Board, may vest after the Last Day of Service. For completeness, the details of the RSUs
are set out as follows: 

  

					
	 Award Type
	  	 Vesting Date

(Contingent on

Performance)
	  	 Maximum Number of RSUs

Which May Vest (Contingent

on Performance)

	Performance RSU	  	18 March 2016	  	15,325
	Performance RSU	  	17 March 2017	  	12,590

  
 8 

	15.3	The Executive further agrees and confirms that he will not be entitled to receive any further sums from the Company or the Group following or in connection with his employment or its cessation, or on any other ground
save for those specified in this Agreement. 

  

	16.	Counterparts 

  

	16.1	This Agreement may be entered into in any number of counterparts and by the Parties on separate counterparts, each of which when so executed and delivered shall be an original, but all the counterparts so
executed by the Parties shall together constitute one and the same instrument and shall be binding on the Parties as if they had executed this Agreement in a single document. 

  
 9 

 In witness whereof this Agreement has been entered into on the date stated at the beginning. 

The Executive 
 SIGNED by 

/s/ STEPHEN OOI HONG LIANG 
 in the presence of: 

/s/ AMY ENG 
 Witness’ signature 

Name: Amy Eng 
 Address: 

The Company 
 SIGNED by 

/s/ SANG UK YI 
 for and on behalf of 

ZIMMER PTE LTD 
 in the presence of: 

/s/ AMY ENG 
 Witness’ signature 

Name: Amy Eng 
 Address: 

  
 10

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