Document:

HomeStreet, Inc. 2010 Stock Incentive Plan

 Exhibit 10.2 
 HOMESTREET, INC. 
 2010 EQUITY INCENTIVE PLAN 

(Effective as of [•], 2010) 
  

	1.	Purpose 

 The purpose of
the Plan is to give the Company a competitive position in attracting, retaining and motivating officers, employees, directors and/or consultants and to provide a means whereby officers, employees, directors and/or consultants of the Company and its
Affiliates can acquire and maintain Common Stock ownership, or be paid incentive compensation measured by reference to the value of Common Stock, thereby strengthening their commitment to the welfare of the Company and its Affiliates and promoting
an identity of interest between shareholders and these persons. 
 So that the appropriate incentive can be provided, the Plan
provides for granting Incentive Stock Options, Nonqualified Stock Options, Stock Appreciation Rights, Restricted Stock Awards, Restricted Stock Unit Awards, Stock Bonus Awards and Incentive Bonus Awards, or any combination of the foregoing.

  

	2.	Definitions 

 For purposes
of this Plan, the following terms are defined as set forth below: 
 (a) “l62(m) Effective Date” means the first date
on which Awards granted under the Plan do not qualify for an exemption from the deduction limitations of Section 162(m) of the Code on account of an exemption, or a transition or grandfather rule. 

(b) “Affiliate” means, with respect to any specified entity, any other entity that directly or indirectly is controlled by,
controls, or is under common control with such specified entity. 
 (c) “Applicable Exchange” means the securities
exchange as may at the applicable time be the principal market for the Common Stock. 
 (d) “Award” means,
individually or collectively, any Incentive Stock Option, Nonqualified Stock Option, Stock Appreciation Right, Restricted Stock Award, Restricted Stock Unit Award, Stock Bonus Award or Incentive Bonus Award granted pursuant to the terms of this
Plan. 
 (e) “Award Agreement” means a written or electronic document or agreement setting forth the terms and
conditions of a specific Award. An Agreement may be in the form of an agreement to be executed by both the Participant and the Company (or an authorized representative of the Company) or certificates, notices or similar instruments as approved by
the Committee. 
 (f) “Beneficial Ownership” shall have the meaning given in Rule 13d-3 promulgated under the Exchange
Act. 
 (g) “Board” means the Board of Directors of the Company. 

(h) “Cause” means, unless otherwise provided in an Award Agreement, (i) “Cause” as defined in any employment,
consulting or similar agreement with the Company or any of its Affiliates to which the applicable Participant is a party (an “Individual Agreement”), or (ii) if there is no such Individual Agreement or if it does not define Cause:
(A) the willful or gross neglect by a Participant of his employment duties (other than as a result of his incapacity due to physical or mental illness or injury) as determined by the Committee; (B) the plea of guilty or nolo contendere to,
or conviction for, the commission of a felony offense by a Participant; (C) conduct by a Participant that is injurious to the Company or an Affiliate, or an act of fraud, embezzlement, misrepresentation or breach of a fiduciary duty against the
Company or any of its Subsidiaries, as determined by the Committee; (D) a breach by a Participant of any nondisclosure, non-solicitation or noncompetition obligation owed to the Company or any of its Affiliates; or (E) the failure of a
Participant to follow instructions of the Board or his direct superiors. Notwithstanding anything in Section 4(d) of this Plan, 

  
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following a Change in Control, any determination by the Committee as to whether “Cause” exists shall be subject to de novo review. 

(i) “Change in Control” shall, unless in the case of a particular Award where the applicable Award Agreement states otherwise
or contains a different definition of “Change in Control,” for the purpose of this Plan, be the first to occur following the Effective Date of: 
 (i) the acquisition by any individual, entity or Group (a “Person” (as defined in Section 2(ii) below) of Beneficial Ownership of 35% or more (on a fully diluted basis) of either
(A) the then outstanding shares of Common Stock of the Company, taking into account as outstanding for this purpose such Common Stock issuable upon (the exercise of options or warrants, the conversion of convertible stock or debt, and the
exercise or settlement of any similar right to acquire such common stock (the “Outstanding Company Common Stock”), or (B) the combined voting power of the then outstanding voting securities of the Company entitled to vote generally in
the election of directors (the “Outstanding Company Voting Securities”); provided, however, that for purposes of this Agreement, the following acquisitions shall not constitute a Change in Control: (I) any acquisition by the Company
or any Affiliate, (II) any acquisition directly from the Company, (III) any acquisition by any employee benefit plan sponsored or maintained by the Company or any Affiliate or (IV) any acquisition by any Person pursuant to a transaction that
complies with clauses (A), (B) and (C) of subsection (iv) of this Section 2(i); 
 (ii) individuals who, on
the date the Company’s initial underwritten public offering is consummated, constitute the Board (the “Incumbent Directors”) cease for any reason to constitute at least a majority of the Board, provided that any person becoming a
director subsequent to the Effective Date, whose election or nomination for election was approved by a vote of at least two-thirds of the Incumbent Directors then on the Board (either by a specific vote or by approval of the proxy statement of the
Company in which such person is named as a nominee for director, without written objection to such nomination), shall be an Incumbent Director; provided, however, that no individual initially elected or nominated as a director of the Company as a
result of an actual or threatened election contest with respect to directors or as a result of any other actual or threatened solicitation of proxies or consents by or on behalf of any person other than the Board shall be deemed to be an Incumbent
Director; 
 (iii) the Company of a complete dissolution or liquidation of the Company; or 

(iv) the consummation of a merger, consolidation, statutory share exchange, a sale or other disposition of all or substantially all of
the assets of the Company or similar form of corporate transaction involving the Company that requires the approval of the Company’s shareholders, whether for such transaction or the issuance of securities in the transaction (a “Business
Combination”), in each case, unless immediately following such Business Combination: (A) more than 50% of the total voting power of (x) the entity resulting from such Business Combination (the “Surviving Company”) or
(y) if applicable, the ultimate parent corporation that directly or indirectly has beneficial ownership of sufficient voting securities eligible to elect a majority of the directors of the Surviving Company (the “Parent Company”) is
represented by the Outstanding Company Voting Securities that were outstanding immediately prior to such Business Combination (or, if applicable, is represented by shares into which the Outstanding Company Voting Securities were converted pursuant
to such Business Combination), and such voting power among the holders thereof is in substantially the same proportion as the voting power of the Outstanding Company Voting Securities among the holders thereof immediately prior to the Business
Combination, (B) no Person (other than any employee benefit plan sponsored or maintained by the Surviving Company or the Parent Company), is or becomes the beneficial owner, directly or indirectly, of 35% or more of the total voting power of
the outstanding voting securities eligible to elect directors of the Parent Company (or, if there is no Parent Company, the Surviving Company) and (C) at least two-thirds of the members of the board of directors of the Parent Company (or, if
there is no Parent Company, the Surviving Company) following the consummation of the Business Combination were Board members at the time of the Board’s approval of the execution of the initial agreement providing for such Business Combination.

 The Company’s closing of a public offering of Common Stock pursuant to a registration statement declared effective under
the Securities Act (and any reorganization transactions consummated in connection 

  
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therewith) shall in no event, by itself, be deemed a Change in Control for purposes of this Plan or any Award Agreement. 
 (j) “Code” means the Internal Revenue Code of 1986, as amended from time to time, and any successor thereto, the Treasury Regulations thereunder and other relevant interpretive guidance issued
by the Internal Revenue Service or the Treasury Department. Reference in the Plan to any specific section of the Code shall be deemed to include any amendments or successor provisions to such section and any regulations and guidance under such
section. 
 (k) “Committee” means a committee of at least two people as the Board may appoint to administer the Plan
or, if no such committee has been appointed by the Board, the Board. 
 (l) “Common Stock” means the common stock of
the Company, and any stock into which such common stock may be converted or into which it may be exchanged. 
 (m)
“Company” means HomeStreet, Inc., or its successor. 
 (n) “Date of Grant” means the date on which the
granting of an Award is authorized, or such other date as may be specified in such authorization or, if there is no such date, the date indicated on the applicable Award Agreement. 

(o) “Disability” means, unless otherwise provided in an Award Agreement, the Company or an Affiliate having cause to terminate
a Participant’s employment or service on account of “disability,” as defined in any existing Individual Agreement, or, in the absence of such an Individual Agreement, a condition entitling the Participant to receive benefits under a
long-term disability plan of the Company or an Affiliate or, in the absence of such a plan, the complete and permanent inability by reason of illness or accident to perform the duties of the occupation at which a Participant was employed or served
when such disability commenced or, as determined by the Committee, based upon medical evidence acceptable to it. Notwithstanding the above, with respect to an Incentive Stock Option, Disability shall mean Permanent and Total Disability as defined in
Section 22(e)(3) of the Code. 
 (p) “Disaffiliation” means a Subsidiary’s or Affiliate’s ceasing to be
a Subsidiary or Affiliate for any reason (including, without limitation, as a result of a public offering, or a spin-off or sale by the Company, of the stock of the Subsidiary or Affiliate or a sale of a division of the Company and its Affiliates).

 (q) “Effective Date” means [•], 2009. 

(r) “Eligible Person” means any director, officer, employee or consultant of the Company or any of its Subsidiaries or
Affiliates, or any prospective employee and consultant who has accepted an offer of employment or consultancy from the Company or its Subsidiaries or Affiliates. 
 (s) “Exchange Act” means the Securities Exchange Act of 1934, as amended. 
 (t) “Fair Market Value” means, as of a given date, the closing price of the Common Stock on the Applicable Exchange on that date, or if no prices are reported on that date, on the last preceding
date on which such prices of the Common Stock are so reported. If the Common Stock is not then listed on any national securities exchange but is traded over the counter at the time determination of its Fair Market Value is required to be made, its
Fair Market Value shall be deemed to be equal to the average between the reported high and low sales prices of Common Stock on the most recent date on which the Common Stock was publicly traded. If the Common Stock is not publicly traded at the time
a determination of its Fair Market Value is made, the Committee shall determine its Fair Market Value in good faith in such manner as it deems appropriate (such determination to be made in a manner that satisfies Section 409A of the Code (to
the extent applicable)). 
 (u) “Full-Value Awards” means an Award that is not an Option or Stock Appreciation Right.

 (v) “Group” shall have the meaning given in Sections 13(d)(3) and 14(d)(2) of the Exchange Act. 

(w) “Incentive Bonus” means a bonus opportunity awarded under Section 11 pursuant to which a Participant may become
entitled to receive an amount based on satisfaction of such Performance Goals as are 

  
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specified in the Award Agreement. Nothing herein shall be construed as creating any limitations on the Company’s ability to adopt such other incentive arrangements as either may deem
desirable, including without limitation, annual and/or long-term cash-based incentive compensation plans. 
 (x) “Incentive
Stock Option” means an Option granted by the Committee to a Participant under the Plan that is intended to qualify as an incentive stock option as described in Section 422 of the Code. 

(y) “Nonqualified Stock Option” means an Option granted by the Committee to a Participant under the Plan that is not designated
by the Committee as an Incentive Stock Option. 
 (z) “Option” means an Award granted under Section 7.

 (aa) “Option Price” means the exercise price for an Option as described in Section 7(a). 

(bb) “Parent” means any parent of the Company, as defined in Section 424(e) of the Code. 

(cc) “Participant” means an Eligible Person who has been selected by the Committee to participate in the Plan and to receive an
Award pursuant to Section 6. 
 (dd) “Performance-Based Award” means an Award, the grant, issuance, retention,
vesting or settlement of which is subject to satisfaction or attainment of one or more Performance Goals. 
 (ee)
“Performance Goals” means the performance objectives established for the purpose of determining the number of shares of Common Stock to be granted, retained, vested, issued or issuable under or in settlement of or the amount payable
pursuant to a Performance-Based Award. To the extent a Performance-Based Award is intended to qualify as “performance-based compensation” under Section 162(m) of the Code, (i) the Performance Goals shall be established with
reference to one or more of the following, either on a Company-wide basis or, as relevant, in respect of one or more Affiliates, Subsidiaries, divisions, departments or operations of the Company: earnings (gross, net, pre-tax, post-tax or per
share), net profit after tax, EBITDA, gross profit, cash generation, unit volume, market share, sales, asset quality, earnings per share, operating income, revenues, return on assets, return on operating assets, return on equity, profits, total
shareholder return (measured in terms of stock price appreciation and/or dividend growth), cost saving levels, marketing spending efficiency, core non-interest income, change in working capital, return on capital, and/or stock price, with respect to
the Company or any Subsidiary, Affiliate, division or department of the Company and (ii) such Performance Goals shall be set by the Committee within the time period prescribed by Section 162(m) of the Code and related regulations. Such
Performance Goals also may be based upon the attaining of specified levels of Company, Subsidiary, Affiliate or divisional performance under one or more of the measures described above relative to the performance of other entities, divisions or
subsidiaries. 
 (ff) “Performance Period” means that period of time determined by the Committee over which
performance is measured for the purpose of determining a Participant’s right to, and the payment value of, any Performance-Based Award. 
 (gg) “Person” shall mean an individual or a corporation, association, partnership, limited liability company, joint venture, organization, business, trust, or any other entity or organization,
including a government or any subdivision or agency thereof. 
 (hh) “Plan” means this HomeStreet, Inc. 2010 Equity
Incentive Plan, as amended from time to time. 
 (ii) “Restricted Period” means, with respect to any share of
Restricted Stock or any Restricted Stock Unit, the period of time determined by the Committee during which such Award is subject to the restrictions set forth in Section 9. 

(jj) “Restricted Stock” means an Award of shares of Common Stock issued or transferred to a Participant subject to forfeiture
and the other restrictions set forth in Section 9. 
 (kk) “Restricted Stock Unit” means an Award granted to a
Participant pursuant to Section 9 pursuant to which Common Stock or cash in lieu thereof may be issued in the future. 

  
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 (ll) “Securities Act” means the Securities Act of 1933, as amended. 

(mm) “Stock Appreciation Right” or “SAR” means an Award granted under Section 8 of the Plan. 

(nn) “Stock Bonus” means an Award granted under Section 10 of the Plan. 

(oo) “Strike Price” means, in respect of an SAR, (i) in the case of a Tandem SAR, the Option Price of the related Option,
or (ii) in the case of a Free-Standing SAR, the Fair Market Value on the Date of Grant. 
 (pp) “Subsidiary”
means any corporation, partnership, joint venture, limited liability company or other entity during any period in which at least a 50% voting or profits interest is owned, directly or indirectly, by the Company or any successor to the Company.

 (qq) “Termination of Service” means the termination of the applicable Participant’s employment with, or
performance of services for, the Company and any of its Subsidiaries or Affiliates. Unless otherwise determined by the Committee, if a Participant’s employment with, or membership on the Board terminates but such Participant continues to
provide services to the Company and its Affiliates in a nonemployee director capacity or as an employee, as applicable, such change in status shall not be deemed a Termination of Service. A Participant employed by, or performing services for, a
Subsidiary or an Affiliate or a division of the Company and its Affiliates shall not be deemed to incur a Termination of Service if, as a result of a Disaffiliation, such Subsidiary, Affiliate, or division ceases to be a Subsidiary, Affiliate or
division, as the case may be, and the Participant immediately thereafter becomes an employee of (or service provider for), the Company or another Subsidiary or Affiliate. Notwithstanding the foregoing, with respect to any Award that constitutes a
“nonqualified deferred compensation plan” within the meaning of Section 409A of the Code, “Termination of Service” shall mean a “separation from service” as defined under Section 409A of the Code. 

 

	3.	Effective Date, Duration and Shareholder Approval 

 The Plan was effective upon its adoption by the Board on the Effective Date. All Awards granted under the Plan are subject to, and may not be exercised before, the approval of the Plan by shareholders
prior to the first anniversary date of the Effective Date, by the affirmative vote of the holders of a majority of the combined voting power of the outstanding voting securities of the Company present, or represented by proxy, and entitled to vote,
at a meeting of the Company’s shareholders or by written consent in accordance with the laws of the State of Washington; provided that if such approval by the shareholders of the Company is not forthcoming, all Awards previously granted under
this Plan shall be void. 
 The expiration date of the Plan, on and after which no Awards may be granted hereunder, shall be the
tenth anniversary of the Effective Date (the “Expiration Date”); provided, however, that the administration of the Plan shall continue in effect until all matters relating to Awards previously granted have been settled. Awards outstanding
as of the Expiration Date shall not be affected or impaired by termination of the Plan. 
  

	4.	Administration 

 (a) The
Plan shall be administered by the Committee or such other committee of the Board as the Board may from time to time designate. The Committee may only act by a majority of its members then in office, except that the Committee may, except to the
extent prohibited by applicable law or the listing standards of the Applicable Exchange, allocate all or any portion of its responsibilities and powers to any one or more of its members. Any power of the Committee may also be exercised by the Board,
except to the extent that the grant or exercise of such authority would cause any Award or transaction to become subject to (or lose an exemption under) the short-swing profit recovery provisions of Section 16 of the Securities Exchange Act of
1934 or cause an Award designated as a Performance Award not to qualify for treatment as performance-based compensation under Section 162(m) of the Code. The Committee may by resolution authorize one or more officers of the Company to perform
any or all things that the Committee is authorized and empowered to do or perform under the Plan, and for all purposes under this Plan, such officer or officers shall be treated as the Committee; provided, however, that the resolution so authorizing
such officer or officers shall specify the total number of Awards (if any) such officer or officers may award pursuant to such delegated authority. No such officer shall designate himself or herself as a recipient of any Awards granted

  
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under authority delegated to such officer. The Board hereby designates the Secretary of the Company and the head of the Company’s human resource function to assist the Committee in the
administration of the Plan and execute agreements evidencing Awards made under this Plan or other documents entered into under this Plan on behalf of the Committee or the Company. In addition, the Committee may delegate any or all aspects of the
day-to-day administration of the Plan to one or more officers or employees of the Company or any Subsidiary, and/or to one or more agents. 
 (b) Subject to the terms and conditions of the Plan and applicable law, the Committee shall have, in addition to other express powers and authorizations conferred on the Committee by the Plan, the power
to: (i) designate Participants; (ii) determine the type or types of Awards to be granted to a Participant; (iii) determine the number of shares of Common Stock to be covered by, or with respect to which payments, rights, or other matters
are to be calculated in connection with, Awards; (iv) determine the terms and conditions of any Award; (v) determine whether, to what extent, and under what circumstances Awards may be settled or exercised in cash, shares of Common Stock.
other securities, other Awards or other property, or canceled, forfeited or suspended and the method or methods by which Awards may be settled, exercised, canceled, forfeited or suspended; (vi) determine whether, to what extent, and under what
circumstances the delivery of cash, Common Stock, other securities, other Awards, other property and other amounts payable with respect to an Award shall be deferred either automatically or at the election of the holder thereof or of the Committee;
(vii) interpret, administer, reconcile any inconsistency, correct any defect and/or supply any omission in the Plan and any instrument or agreement relating to, or Award granted under, the Plan; (viii) establish, amend, suspend or waive
such rules and regulations and appoint such agents as it shall deem appropriate for the proper administration of the Plan; (ix) establish any “blackout” period that the Committee in its sole discretion deems necessary or advisable;
and (x) make any other determination and take any other action specified under the Plan or that the Committee deems necessary or desirable for the administration of the Plan. The Committee may, in its sole and absolute discretion, without
amendment to the Plan, waive or amend the operation of Plan provisions respecting exercise after Termination of Service and, except as otherwise provided herein, adjust any of the terms of any Award. The Committee may also (A) accelerate the
date on which any Award granted under the Plan becomes exercisable or (B) accelerate the vesting date or waive or adjust any condition imposed hereunder with respect to the vesting or exercisability of an Award, provided that the Committee, in
good faith, determines that such acceleration, waiver or other adjustment is necessary or desirable. 
 (c) All designations,
determinations, interpretations, and other decisions under or with respect to the Plan or any Award or any documents evidencing Awards granted pursuant to the Plan shall be within the sole discretion of the Committee, may be made at any time and
shall be final, conclusive and binding upon all parties, including, without limitation, the Company, any Affiliate, any Participant, any holder or beneficiary of any Award and any shareholder. 

(d) The terms and conditions of each Award, as determined by the Committee, shall be set forth in an Award Agreement, which shall be
delivered to the Participant receiving such Award upon, or as promptly as is reasonably practicable following, the grant of such Award. The effectiveness of an Award shall not be subject to the Award Agreement’s being signed by the Company
and/or the Participant’s receiving the Award unless specifically so provided in the Award Agreement. 
  

	5.	Shares Subject to the Plan 

(a) Subject to Section 13, the maximum number of shares of Common Stock that may be issued under the Plan is [that amount of] shares
representing 10% of the Company’s outstanding shares of Common Stock on a fully diluted basis giving effect to a future equity offering to satisfy the Bank Order; provided, however, that no more than 30% of the maximum number of shares issuable
under this Plan may be issued pursuant to Full-Value Awards. The maximum number of shares of Common Stock that may be granted pursuant to Options intended to be Incentive Stock Options is [•] shares, which number shall be calculated and
adjusted pursuant to Section 13 only to the extent that such calculation or adjustment will not affect the status of any option intended to qualify as an Incentive Stock Option under Section 422 of the Code. 

  
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 (b) To the extent that any Award is forfeited, or any Option or Stock Appreciation Right
terminates, expires or lapses without being exercised, or any Award is settled for cash, the shares of Common Stock subject to such Award not delivered as a result thereof shall again be available for Awards under the Plan. 

(c) If the Option Price of any Option and/or the tax withholding obligations relating to any Award are satisfied by the Participant
delivering shares of Common Stock to the Company (by either actual delivery or by attestation), only the number of shares of Common Stock issued net of the shares of Common Stock delivered or attested to shall be deemed delivered for purposes of
determining the maximum numbers of shares of Common Stock available for delivery under the Plan. To the extent any shares of Common Stock subject to an Award are not delivered because such shares are withheld to satisfy the Option Price (in the case
of an Option) and/or the tax withholding obligations relating to such Award, such shares shall not be deemed to have been delivered for purposes of determining the maximum number of shares of Common Stock available for delivery under the Plan.

 (d) Common Stock delivered by the Company in settlement of Awards may be authorized and unissued Common Stock, Common Stock
held in the treasury of the Company, Common Stock purchased on the open market or by private purchase or a combination of the foregoing; 
 (e) On and after the 162(m) Effective Date, no person may be granted Awards under the Plan during any calendar year with respect to more than [•] shares of Common Stock, which number shall be
adjusted pursuant to Section 13, and shares otherwise counted against such number, only in a manner that will not cause the Awards granted under the Plan to fail to qualify as “performance-based compensation” for purposes of
Section 162(m) of the Code; and 
  

	6.	Eligibility 

Participation shall be limited to Eligible Persons who have entered into an Award Agreement or who have received written notification from
the Committee, or from a person designated by the Committee, that they have been selected to participate in the Plan. 
  

	7.	Options 

 The Committee is
authorized to grant one or more Incentive Stock Options or Nonqualified Stock Options to any Eligible Person; provided, however, that no Incentive Stock Option shall be granted to any Eligible Person who is not an employee of the Company or a Parent
or Subsidiary (within the meaning of Section 424(f) of the Code). Each Option shall be evidenced by an Award Agreement. Each Option so granted shall be subject to the following conditions, or to such other conditions as may be reflected in the
applicable Award Agreement. 
 (a) Option Price. The Option Price per share of Common Stock for each Option shall be set
by the Committee at the time of grant but shall not be less than the Fair Market Value of a share of Common Stock at the Date of Grant. 
 (b) Manner of Exercise and Form of Payment. No shares of Common Stock shall be delivered pursuant to any exercise of an Option until payment in full of the Option Price therefor is received by the
Company. Options that have become exercisable may be exercised by delivery of written notice of exercise to the Committee accompanied by payment of the Option Price. The Option Price shall be payable in cash and/or shares of Common Stock valued at
the Fair Market Value at the time the Option is exercised (including by means of attestation of ownership of a sufficient number of shares of Common Stock in lieu of actual delivery of such shares to the Company). In addition, the Option Price may
be payable by such other method as the Committee may allow, including an irrevocable commitment by a broker to pay over such amount from a sale of the shares of Common Stock issuable under an Option and withholding of shares of Common Stock
otherwise deliverable upon exercise. 
 (c) Vesting, Option Period and Expiration. Options shall vest and become
exercisable in such manner and on such date or dates determined by the Committee and shall expire after such period, not to 

  
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exceed ten years, as may be determined by the Committee (the “Option Period”). If an Option is exercisable in installments, such installments or portions thereof which become
exercisable shall remain exercisable until the Option expires. 
 (d) Disqualifying Dispositions of Incentive Stock
Options. Each Participant awarded an Incentive Stock Option under the Plan shall notify the Company in writing immediately after the date he makes a disqualifying disposition of any Common Stock acquired pursuant to the exercise of such
Incentive Stock Option. 
 (e) Incentive Stock Option Grants to 10% Shareholders. Notwithstanding anything to the
contrary in this Section 7, if an Incentive Stock Option is granted to a Participant who owns stock representing more than ten percent of the voting power of all classes of stock of the Company or of a Parent or Subsidiary, the Option Period
shall not exceed five years from the Date of Grant of such Option and the Option Price shall be at least 110 percent of the Fair Market Value (on the Date of Grant) of the Common Stock subject to the Option. 

(f) $100,000 Per Year Limitation for Incentive Stock Options. To the extent the aggregate Fair Market Value (determined as of the
Date of Grant) of Common Stock for which Incentive Stock Options are exercisable for the first time by any Participant during any calendar year (under all plans of the Company) exceeds $100,000, such excess Incentive Stock Options shall be treated
as Nonqualified Stock Options. 
  

	8.	Stock Appreciation Rights 

Any Option granted under the Plan may include SARs, either at the Date of Grant or, except in the case of an Incentive Stock Option, by
subsequent amendment (SARs that are granted in conjunction with an Option are referred to in this Plan as “Tandem SARs”). The Committee also may award SARs to Eligible Persons independent of any Option (SARs that are granted independent of
any Option are referred to in this Plan as “Free-Standing SARs”). Each SAR shall be evidenced by an Award Agreement. Each SAR shall be subject to such terms and conditions not inconsistent with the Plan as the Committee shall impose as set
forth in the applicable Award Agreement, including, but not limited to the following: 
 (a) Vesting, Transferability and
Expiration. Tandem SARs shall become exercisable, be transferable and shall expire according to the same vesting schedule, transferability rules and expiration provisions as the corresponding Option. Free-Standing SARs shall become exercisable,
be transferable and shall expire in accordance with a vesting schedule, transferability rules and expiration provisions as established by the Committee and reflected in an Award Agreement. 

(b) Automatic Exercise. If on the last day of the Option Period (or in the case of a Free-Standing SAR of an option, the period
established by the Committee after which the SAR shall expire), the Fair Market Value exceeds the Strike Price, the Participant has not exercised the SAR or the corresponding Option, and neither the SAR nor the corresponding Option has expired, such
SAR shall be deemed to have been exercised by the Participant on such last day and the Company shall make the appropriate payment therefor. 
 (c) Payment. Upon the exercise of an SAR, the Company shall pay to the Participant an amount equal to the number of shares subject to the SAR multiplied by the excess, if any, of the Fair Market
Value of one share of Common Stock on the exercise date over the Strike Price. The Company shall pay such excess in cash, in shares of Common Stock valued at Fair Market Value, or any combination thereof, as determined by the Committee. Fractional
shares shall be settled in cash. 
 (d) Method of Exercise. A Participant may exercise an SAR at such time or times as
may be determined by the Committee at the time of grant by filing an irrevocable written notice with the Committee or its designee, specifying the number of SARs to be exercised. 

(e) Expiration. Except as otherwise provided in the case of Tandem SARs, a SAR shall expire on a date designated by the Committee
that is not later than ten years after the Date of Grant of the SAR. 

  
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	9.	Restricted Stock Awards and Restricted Stock Units 

 (a) Award of Restricted Stock and Restricted Stock Units. 
 (i) The
Committee shall have the authority to grant Restricted Stock and Restricted Stock Units to Eligible Persons, and to establish terms, conditions and restrictions applicable to such Restricted Stock and Restricted Stock Units, including (A) the
Restricted Period, (B) the time or times at which Restricted Stock or Restricted Stock Units shall be granted or become vested, including upon the attainment of performance conditions (whether or not such conditions are Performance Goals) or
upon both the attainment of performance conditions (whether or not such conditions are Performance Goals) and the continued service of the applicable Participant and (C) the number of shares or units to be covered by each grant. Each Restricted
Stock and Restricted Stock Unit Award shall be evidenced by an Award Agreement. 
 (ii) Subject to the restrictions set forth in
Section 9(b), the Participant generally shall have the rights and privileges of a shareholder as to such Restricted Stock, including the right to vote such Restricted Stock. The Award Agreement for Restricted Stock shall specify whether, to
what extent and on what terms and conditions the applicable Participant shall be entitled to receive current or deferred payments of dividends payable in respect of the shares underlying the Restricted Stock Award, including whether any such
dividends will be held subject to the vesting of the Restricted Stock, subject to Section 12(e) below in the case of dividends settled in Common Stock. 
 (iii) Awards of Restricted Stock shall be evidenced in such manner as the Committee may deem appropriate, including book-entry registration or issuance of one or more stock certificates. Any certificate
issued in respect of shares of Restricted Stock shall be registered in the name of the applicable Participant and shall bear an appropriate legend referring to the terms, conditions, and restrictions applicable to such Award. The Committee may
require that the certificates evidencing such shares be held in custody by the Company until the restrictions thereon shall have lapsed and that, as a condition of any Award of Restricted Stock, the applicable Participant shall have delivered a
stock power, endorsed in blank, relating to the Common Stock covered by such Award. 
 (iv) No shares of Common Stock shall be
issued at the time a Restricted Stock Unit is granted and the Company will not be required to set aside a fund for the payment of any such Award. The Award Agreement for Restricted Stock Units shall specify whether, to what extent and on what terms
and conditions the applicable Participant shall be entitled to receive current or deferred payments of dividends payable in respect of the shares underlying the Restricted Stock Units, including whether any such dividends will be held subject to the
vesting of the underlying Restricted Stock Units, subject to Section 12(e) below in the case of dividends settled in Common Stock. 
 (b) Restrictions. 
 (i) Restricted Stock awarded to a Participant shall be
subject to the following restrictions until the expiration of the Restricted Period, and to such other terms and conditions as may be set forth in the applicable Award Agreement: (A) the shares shall be subject to the restrictions on
transferability set forth in the Award Agreement and (B) the shares shall be subject to forfeiture to the extent provided in the applicable Award Agreement, and satisfaction of any applicable Performance Goals during such period, to the extent
provided in the applicable Award Agreement and, to the extent such shares are forfeited, the stock certificates shall be returned to the Company and all rights of the Participant to such shares and as a shareholder shall terminate without further
obligation on the part of the Company. 
 (ii) Restricted Stock Units awarded to any Participant shall be subject to
(A) forfeiture until the expiration of the Restricted Period, and satisfaction of any applicable Performance Goals during such period, to the extent provided in the applicable Award Agreement, and to the extent such Restricted Stock Units are
forfeited, all rights of the Participant to such Restricted Stock Units shall terminate without further obligation on the part of the Company and (B) such other terms and conditions as may be set forth in the applicable Award Agreement.

  
 9 

 (c) Restricted Period. The Restricted Period of Restricted Stock and Restricted Stock
Units shall commence on the Date of Grant and shall expire from time to time as to that part of the Restricted Stock and Restricted Stock Units indicated in a schedule established by the Committee in the applicable Award Agreement. 

(d) Delivery of Restricted Stock and Settlement of Restricted Stock Units. 

(i) Restricted Stock. Upon the expiration of the Restricted Period with respect to any shares of Restricted Stock and/or the satisfaction
of any applicable Performance Goals, the restrictions set forth in Section 9(b) and the applicable Award Agreement shall be of no further force or effect with respect to such shares, except as set forth in the applicable Award Agreement.

 (ii) Restricted Stock Units. Upon the expiration of the Restricted Period with respect to any outstanding Restricted Stock
Units the Company shall deliver to the Participant, or his beneficiary, without charge, one share of Common Stock for each such outstanding Restricted Stock Unit (“Vested Unit”); provided, however, that, if explicitly provided in the
applicable Award Agreement, the Committee may, in its sole discretion, elect to (i) pay cash or part cash and part Common Stock in lieu of delivering only shares of Common Stock for Vested Units or (ii) delay the delivery of Common Stock
(or cash or part Common Stock and part cash, as the case may be) beyond the expiration of the Restricted Period. If a cash payment is made in lieu of delivering shares of Common Stock, the amount of such payment shall be equal to the Fair Market
Value of the Common Stock as of the date on which the Restricted Period lapsed with respect to such Vested Unit. 
 (e)
Applicability of Section 162(m). With respect to Performance-Based Awards made on and after the 162(m) Effective Date and intended to qualify as “performance-based compensation” under Section 162(m) of the Code, this
Section 9 (including the substance of the Performance Goals, the timing of establishment of the Performance Goals, the adjustment of the Performance Goals and determination of the Award) shall be implemented by the Committee in a manner
designed to preserve such Awards as such “performance-based compensation.” 
  

	10.	Stock Bonus Awards 

 The
Committee may issue unrestricted Common Stock, or other Awards denominated in Common Stock (valued at Fair Market Value as of the date of payment), under the Plan to Eligible Persons, alone or in tandem with other Awards, in such amounts and subject
to such terms and conditions as the Committee shall from time to time in its sole discretion determine. Stock Bonus Awards under the Plan shall be granted as, or in payment of a bonus, or to provide incentives or recognize special achievements or
contributions. With respect to Stock Bonus Awards made on and after the 162(m) Effective Date and intended to qualify as “performance-based compensation” under Section 162(m) of the Code, the Committee shall establish and administer
Performance Goals in the manner described in Section 9 as an additional condition to the vesting and payment of such Stock Bonus Awards. The Stock Bonus Award for any Performance Period to any Participant may be reduced or eliminated by the
Committee in its discretion. 
  

	11.	Incentive Bonus Awards 

Incentive Bonus Awards may be granted under the Plan at any time and from time to time on or prior to the Expiration Date. Each Incentive
Bonus Award shall be evidenced by an Award Agreement that shall be executed by the Company and the Participant. The Award Agreement shall specify the terms and conditions of the Incentive Bonus Award, including without limitation, (a) the
target and maximum amount payable to the Participant as an Incentive Bonus Award, (b) the performance criteria and level of achievement versus these criteria that shall determine the amount of such payment, (c) the term of the Performance
Period, (d) the timing of any payment earned by virtue of performance, (e) restrictions on the alienation or transfer of the Incentive Bonus Award prior to actual payment, (f) forfeiture provisions and (g) such further terms and
conditions, in each case not inconsistent with this Plan as may be determined from time to time by the Committee. Payment of the amount due under an Incentive Bonus Award may be made in cash or in Common Stock, as determined by the Committee. With
respect to Incentive Bonus Awards made on and after the 

  
 10 

 
162(m) Effective Date and intended to qualify as “performance-based compensation” under Section 162(m) of the Code, the Committee shall establish and administer Performance Goals
in the manner described in Section 9 as an additional condition to the vesting and payment of such Incentive Bonus Awards. The Incentive Bonus Award for any Performance Period to any Participant may be reduced or eliminated by the Committee in
its discretion. Incentive Bonus Awards payable hereunder may be pursuant to one or more subplans. 
  

	12.	General 

 (a)
Additional Provisions of an Award. Awards to a Participant under the Plan also may be subject to such other provisions, restrictions, conditions or limitations (whether or not applicable to Awards granted to any other Participant) as the
Committee determines appropriate including, without limitation, (i) provisions for the forfeiture of or restrictions on resale or other disposition of shares of Common Stock acquired under any Award, (ii) provisions giving the Company the right
to repurchase shares of Common Stock acquired under any Award in the event the Participant elects to dispose of such shares, (iii) provisions allowing the Participant to elect to defer the receipt of payment in respect of Awards for a specified
period or until a specified event, provided such provisions comply with Section 409A of the Code and (iv) provisions to comply with federal and state securities laws and federal and state tax withholding requirements. Without limiting the
foregoing, additional restrictions may address the timing and manner of any resales by the Participant or other subsequent transfers by the Participant of any shares issued under an Award, including without limitation (A) restrictions under an
insider trading policy or pursuant to applicable law, (B) restrictions designed to delay and/or coordinate the timing and manner of sales by Participant and holders of other Company equity compensation arrangements, and (C) restrictions as
to the use of a specified brokerage firm for such resales or other transfers. 
 (b) Privileges of Stock Ownership.
Except as otherwise specifically provided in the Plan, no person shall be entitled to the privileges of ownership in respect of shares of Common Stock that are subject to Awards hereunder until such shares have been issued to that person.

 (c) Conditions for Issuance. The obligation of the Company to settle Awards in Common Stock or otherwise shall be
subject to all applicable laws, rules and regulations and to such approvals by governmental agencies as may be required. Notwithstanding any other provision of the Plan or agreements made pursuant thereto, the Company shall not be required to issue
or deliver any certificate or certificates for Common Stock under the Plan prior to fulfillment of all of the following conditions: (i) listing or approval for listing upon notice of issuance, of such Common Stock on the Applicable Exchange;
(ii) any registration or other qualification of such Common Stock of the Company under any state or federal law or regulation, or the maintaining in effect of any such registration or other qualification that the Committee shall, in its
absolute discretion upon the advice of counsel, deem necessary or advisable; and (iii) obtaining any other consent, approval or permit from any state or federal governmental agency that the Committee shall, in its absolute discretion after
receiving the advice of counsel, determine to be necessary or advisable. The Company shall be under no obligation to register for sale under the Securities Act any of the shares of Common Stock to be offered or sold under the Plan. If the shares of
Common Stock offered for sale or sold under the Plan are offered or sold pursuant to an exemption from registration under the Securities Act, the Company may restrict the transfer of such shares and may legend the Common Stock certificates
representing such shares in such manner as it deems advisable to ensure the availability of any such exemption. 
 (d) Tax
Withholding. 
 (i) A Participant may be required to pay to the Company or any Affiliate and the Company or any Affiliate
shall have the right and is hereby authorized to withhold from any shares of Common Stock or other property deliverable under any Award or from any compensation or other amounts owing to a Participant the amount (in cash, Common Stock or other
property) of any required income tax withholding and payroll taxes in respect of an Award, its exercise, or any payment or transfer under an Award or under the Plan and to take such other action as may be necessary in the opinion of the Company to
satisfy all obligations for the payment of such withholding and taxes. 

  
 11 

 (ii) Without limiting the generality of clause (i) above, the Committee may, in its
sole discretion, permit a Participant to satisfy, in whole or in part, the foregoing withholding liability (but no more than the minimum required withholding liability) by (A) delivery of shares of Common Stock owned by the Participant with a
Fair Market Value equal to such withholding liability or (B) having the Company withhold from the number of shares of Common Stock otherwise issuable pursuant to the exercise or settlement of the Award a number of shares with a Fair Market
Value equal to such withholding liability. 
 (e) Limitation on Dividend Reinvestment and Dividend Equivalents.
Reinvestment of dividends in additional Restricted Stock at the time of any dividend payment, and the payment of Common Stock with respect to dividends to Participants holding Awards of Restricted Stock Units, shall only be permissible if sufficient
shares of Common Stock are available under Section 5 for such reinvestment or payment (taking into account then-outstanding Awards). In the event that sufficient shares of Common Stock are not available for such reinvestment or payment, such
reinvestment or payment shall be made in the form of a grant of Restricted Stock Units equal in number to the shares of Common Stock that would have been obtained by such payment or reinvestment, the terms of which Restricted Stock Units shall
provide for settlement in cash and for dividend equivalent reinvestment in further Restricted Stock Units on the terms contemplated by this Section 12(e). 
 (f) Claim to Awards and Employment Rights. No employee of the Company, Subsidiary or Affiliate, or other person, shall have any claim or right to be granted an Award under the Plan or, having been
selected for the grant of an Award, to be selected for a grant of any other Award. Neither the Plan nor any action taken hereunder shall be construed as giving any Participant any right to be retained in the employ or service of the Company or an
Affiliate. 
 (g) No Liability of Committee Members. No member of the Committee shall be personally liable by reason of
any contract or other instrument executed by such member or on his behalf in his capacity as a member of the Committee nor for any mistake of judgment made in good faith, and the Company shall indemnify and hold harmless each member of the Committee
and each other employee, officer or director of the Company to whom any duty or power relating to the administration or interpretation of the Plan may be allocated or delegated against any cost or expense (including counsel fees) or liability
(including any sum paid in settlement of a claim) arising out of any act or omission to act in connection with the Plan unless arising out of such person’s own fraud or willful bad faith; provided, however, that approval of the Board shall be
required for the payment of any amount in settlement of a claim against any such person. The foregoing right of indemnification shall not be exclusive of any other rights of indemnification to which such persons may be entitled under the
Company’s Articles or Certificate of Incorporation or By-Laws, as a matter of law, or otherwise, or any power that the Company may have to indemnify them or hold them harmless. 

(h) Governing Law. The Plan shall be governed by and construed in accordance with the internal laws of the State of Washington
without regard to the principles of conflicts of law thereof or principles of conflicts of laws of any other jurisdiction that could cause the application of the laws of any jurisdiction other than the State of Washington. 

(i) Funding. No provision of the Plan shall require the Company, for the purpose of satisfying any obligations under the Plan, to
purchase assets or place any assets in a trust or other entity or otherwise to segregate any assets, nor shall the Company maintain separate bank accounts, books, records or other evidence of the existence of a segregated or separately maintained or
administered fund for such purposes. Participants shall have no rights under the Plan other than as unsecured general creditors of the Company, except that insofar as they may have become entitled to payment of additional compensation by performance
of services, they shall have the same rights as other employees tinder general law. 
 (j) Nontransferability. 

(i) Each Award shall be exercisable only by the Participant during the Participant’s lifetime, or, if permissible under applicable
law, by the Participant’s legal guardian or representative. No Award may be assigned, alienated, pledged, attached, sold or otherwise transferred or encumbered by a Participant other than by will or by the laws of descent and distribution and
any such purported assignment, alienation, pledge, 

  
 12 

 
attachment, sale, transfer or encumbrance shall be void and unenforceable against the Company, Subsidiary or Affiliate; provided that the designation of a beneficiary shall not constitute an
assignment, alienation, pledge, attachment, sale, transfer or encumbrance. 
 (ii) Notwithstanding the foregoing, the Committee
may, in its sole discretion, permit Awards other than Incentive Stock Options to be transferred by a Participant without consideration, subject to such rules as the Committee may adopt consistent with any applicable Award Agreement to preserve the
purposes of the Plan, to: 
 (A) any person who is a “family member” of the Participant, as such term is used in the
instructions to Form S-8 (collectively, the “Immediate Family Members”); 
 (B) a trust solely for the benefit of the
Participant and his Immediate Family Members; 
 (C) a partnership or limited liability company whose only partners or
shareholders are the Participant and his Immediate Family Members; or 
 (D) any other transferee as may be approved either
(1) by the Board or the Committee in its sole discretion or (2) as provided in the applicable Award Agreement; 

(each transferee described in clauses (A), (B), (C) and (D) above is hereinafter referred to as a “Permitted
Transferee”); provided that the Participant gives the Committee advance written notice describing the terms and conditions of the proposed transfer and the Committee notifies the Participant in writing that such a transfer would comply with the
requirements of this Plan and any applicable Award Agreement. 
 (iii) The terms of any Award transferred in accordance with the
immediately preceding sentence shall apply to the Permitted Transferee and any reference in this Plan, or in any applicable Award Agreement, to a Participant shall be deemed to refer to the Permitted Transferee, except that (A) Permitted
Transferees shall not be entitled to transfer any Award, other than by will or the laws of descent: and distribution; (B) Permitted Transferees shall not be entitled to exercise any transferred Option unless there shall be in effect a
registration statement on an appropriate form covering the shares of Common Stock to be acquired pursuant to the exercise of such Option if the Committee determines, consistent with any applicable Award Agreement, that such a registration statement
is necessary or appropriate; (C) the Committee or the Company shall not be required to provide any notice to a Permitted Transferee, whether or not such notice is or would otherwise have been required to be given to the Participant under the
Plan or otherwise; and (D) the consequences of the termination of the Participant’s employment by, or services to, the Company, or an Affiliate under the terms of the Plan and the applicable Award Agreement shall continue to be applied
with respect to the Participant, including, without limitation, that an Option shall be exercisable by the Permitted Transferee only to the extent, and for the periods, specified in the Plan and the applicable Award Agreement. 

(k) Section 409A of the Code. It is the intention of the Company that no Award shall be “deferred
compensation” subject to Section 409A of the Code, unless and to the extent that the Committee specifically determines otherwise as provided in this Section 12(k), and the Plan and the terms and conditions of all Awards shall be
interpreted accordingly. The terms and conditions governing any Awards that the Committee determines will be subject to Section 409A of the Code, including any rules for elective or mandatory deferral of the delivery of cash or shares of Common
Stock pursuant thereto and any rules regarding treatment of such Awards in the event of a Change in Control, shall be set forth in the applicable Award Agreement and shall comply in all respects with Section 409A of the Code. Notwithstanding
any other provision of the Plan to the contrary, with respect to any Award that constitutes a “nonqualified deferred compensation plan” subject to Section 409A of the Code that has been granted to a Participant who is a
“specified employee” (within the meaning of Section 409A) on the date of the Participant’s Termination of Service, any payments (whether in cash, shares of Common Stock or other property) to be made with respect to such Award
upon the Participant’s Termination of Service shall be delayed until the earlier of (i) the first day of the seventh month following the Participant’s Termination of Service and (ii) the Participant’s death. 

  
 13 

 (l) Relationship to Other Benefits. No payment under the Plan shall be taken into
account in determining any benefits under any pension, retirement, profit sharing, group insurance or other benefit plan of the Company or any Subsidiary except as otherwise specifically provided in such other plan. 

(m) Subsidiary Employee. In the case of a grant of an Award to any employee of a Subsidiary of the Company, the Company may, if
the Committee so directs, issue or transfer the shares, if any, covered by the Award to the Subsidiary, for such lawful consideration as the Committee may specify, upon the condition or understanding that the Subsidiary will transfer the shares to
the employee in accordance with the terms of the Award specified by the Committee pursuant to the provisions of the Plan. All shares underlying Awards that are forfeited or canceled should revert to the Company. 

(n) Foreign Employees and Foreign Law Considerations. The Committee may grant Awards to Eligible Persons who are foreign
nationals, who are located outside the United States or who are not compensated from a payroll maintained in the United States, or who are otherwise subject to (or could cause the Company to be subject to) legal or regulatory provisions of countries
or jurisdictions outside the United States, on such terms and conditions different from those specified in the Plan as may, in the judgment of the Committee, be necessary or desirable to foster and promote achievement of the purposes of the Plan,
and, in furtherance of such purposes, the Committee may make such modifications, amendments, procedures or subplans as may be necessary or advisable to comply with such legal or regulatory. 

(o) No Contract of Employment. The Plan shall not constitute a contract of employment, and adoption of the Plan shall not confer
upon any employee any right to continued employment, nor shall it interfere in any way with the right of the Company or any Subsidiary or Affiliate to terminate the employment of any employee at any time. 

(p) Titles and Headings. The titles and headings of the sections in the Plan are for convenience of reference only and, in the
event of any conflict, the text of the Plan, rather than such titles or headings, shall control. 
 (q) Severability. If
any provision of the Plan or any Award Agreement is or becomes or is deemed to be invalid, illegal or unenforceable in any jurisdiction or as to any person or Award, or would disqualify the Plan or any Award under any law deemed applicable by the
Committee, such provision shall be construed or deemed amended to conform to the applicable laws, or if it cannot be construed or deemed amended without, in the determination of the Committee, materially altering the intent of the Plan or the Award,
such provision shall be stricken as to such jurisdiction, person or Award and the remainder of the Plan and any such Award shall remain in full force and effect. 
  

	13.	Changes in Capital Structure 

 (a) In the event of a merger, consolidation, acquisition of property or shares, stock rights offering, liquidation, Disaffiliation, or similar event affecting the Company or any of its Subsidiaries (each,
a “Corporate Transaction”), the Committee or the Board shall make such substitutions or adjustments as it deems equitable to (A) the aggregate number and kind of shares of Common Stock or other securities reserved for issuance and
delivery under the Plan, (B) the various maximum limitations set forth in Section 5 upon certain types of Awards and upon the grants to individuals of certain types of Awards, (C) the number and kind of shares of Common Stock or other
securities subject to outstanding Awards and (D) the exercise price of outstanding Options and Stock Appreciation Rights. In the case of Corporate Transactions, such adjustments may include, without limitation, (1) the cancellation of
outstanding Awards in exchange for payments of cash, property or a combination thereof having an aggregate value equal to the value of such Awards, as determined by the Committee or the Board in its sole discretion (it being understood that in the
case of a Corporate Transaction with respect to which holders of Common Stock receive consideration other than publicly traded equity securities of the ultimate surviving entity, any such determination by the Committee that the value of an Option or
Stock Appreciation Right shall for this purpose be deemed to equal the excess, if any, of the value of the consideration being paid for each share of Common Stock pursuant to such Corporate Transaction over the exercise price of such Option or Stock
Appreciation Right shall conclusively be deemed valid); (2) the substitution of other property (including, without limitation, cash or 

  
 14 

 
other securities of the Company and securities of entities other than the Company) for the Common Stock subject to outstanding Awards; and (3) in connection with any Disaffiliation,
arranging for the assumption of Awards, or replacement of Awards with new awards based on other property or other securities (including, without limitation, other securities of the Company and securities of entities other than the Company), by the
affected Subsidiary, Affiliate or division or by the entity that controls such Subsidiary, Affiliate or division following such Disaffiliation (as well as any corresponding adjustments to Awards that remain based upon Company securities).

 (b) In the event of a stock dividend, stock split, reverse stock split, separation, spinoff, reorganization, extraordinary
dividend of cash or other property, share combination, or recapitalization or similar event affecting the capital structure of the Company (each, a “Stock Change”), the Committee or the Board shall make such substitutions or adjustments as
it deems equitable to (i) the aggregate number and kind of shares of Common Stock or other securities reserved for issuance and delivery under the Plan, (ii) the various maximum limitations set forth in Section 5 upon certain types of
Awards and upon the grants to individuals of certain types of Awards, (iii) the number and kind of shares of Common Stock or other securities subject to outstanding Awards and (iv) the exercise price of outstanding Options and Stock
Appreciation Rights. 
 (c) The Committee may adjust in its sole discretion the Performance Goals applicable to any Awards to
reflect any Stock Change and any Corporate Transaction and any unusual or nonrecurring events and other extraordinary items, impact of charges for restructurings, discontinued operations and the cumulative effects of accounting or tax changes, each
as defined by generally accepted accounting principles or as identified in the Company’s financial statements, notes to the financial statements, management’s discussion and analysis or the Company’s other SEC filings; provided that
with respect to Awards granted on and after the 162(m) Effective Date that are intended to qualify as “performance-based compensation” under Section 162(m) of the Code, such adjustments or substitutions shall be made only to the
extent that the Committee determines that such adjustments or substitutions may be made without causing the Company to be denied a tax deduction on account of Section 162(m) of the Code. The Company shall give each Participant notice of an
adjustment hereunder and, upon notice, such adjustment shall be conclusive and binding for all purposes. 
 (d) Any adjustment
under this Section 13 need not be the same for all Participants. 
 (e) Notwithstanding the foregoing: (i) any
adjustments made pursuant to this Section 13 to Awards that are considered “deferred compensation” within the meaning of Section 409A of the Code shall be made in compliance with the requirements of Section 409A of the Code;
(ii) any adjustments made pursuant to this Section 13 to Awards that are not considered “deferred compensation” subject to Section 409A of the Code shall be made in such a manner as to ensure that, after such adjustment, the
Awards either (A) continue not to be subject to Section 409A of the Code or (B) comply with the requirements of Section 409A of the Code; and (iii) in any event, neither the Committee nor the Board shall have the authority
to make any adjustments pursuant to this Section 13 to the extent the existence of such authority would cause an Award that is not intended to be subject to Section 409A of the Code to be subject thereto. 

 

	14.	Effect of Change in Control 

 (a) Impact of Event/Single Trigger. Unless otherwise provided by the Committee in the applicable Award Agreement or at any other time prior to the occurrence of a Change in Control, and subject to
Section 13, notwithstanding any other provision of the Plan to the contrary, immediately upon the occurrence of a Change in Control: 
 (i) any Options and Stock Appreciation Rights outstanding that are not then exercisable and vested shall become fully exercisable and vested; 

(ii) the restrictions, including the Restricted Period, which may differ with respect to each grantee, and deferral limitations applicable
to any Restricted Stock shall lapse and such Restricted Stock shall become free of all restrictions and become fully vested and transferable; and 

  
 15 

 (iii) all Restricted Stock Units shall be considered to be earned and payable in full, and
any restrictions shall lapse and such Restricted Stock Units shall be settled as promptly as is practicable in the form set forth in the applicable Award Agreement; provided, however, that with respect to any Restricted Stock Unit that constitutes a
“nonqualified deferred compensation plan” within the meaning of Section 409A of the Code, the settlement of each such Restricted Stock Unit pursuant to this Section 14(a)(iii) shall not occur until the earliest of (A) the
Change in Control if such Change in Control constitutes a “change in the ownership of the corporation,” a “change in effective control of the corporation” or a “change in the ownership of a substantial portion of the assets
of the corporation,” within the meaning of Section 409A(a)(2)(A)(v) of the Code (each, a “409A Change in Control”) and (B) the date such Restricted Stock Units would otherwise be settled pursuant to the terms of the Award
Agreement; 
 (iv) with respect to Performance-Based Awards, the Committee may in its discretion provide that all incomplete
Performance Periods in effect on the date the Change in Control occurs shall end on the date of such Change in Control and, if the Committee exercises such discretion, the Committee shall (A) determine the extent to which Performance Goals with
respect to each such Performance Period have been met based upon such audited or unaudited financial information then available as it deems relevant and (B) cause to be paid to each Participant partial or full Awards with respect to Performance
Goals for each such Performance Period based upon the Committee’s determination of the degree of attainment of Performance Goals; provided, however, that with respect to any Performance-Based Award that constitutes a “nonqualified deferred
compensation plan” within the meaning of Section 409A of the Code, the payment of each such Award pursuant to this Section 14(a)(iv) shall not occur until the earliest of (1) the Change in Control if such Change in Control
constitutes a 409A Change in Control and (2) the date such Award would otherwise be settled pursuant to the terms of the Award Agreement; 
 (v) the Committee may in its discretion, and upon at least 10 days’ advance notice to the affected persons, cancel any outstanding Awards and pay to the holders thereof, in cash or stock, or any
combination thereof, the value of such Awards based upon the price per share of Common Stock received or to be received by other shareholders of the Company in the event; and 
 (vi) the Committee may also make additional adjustments and/or settlements of outstanding Awards as it deems appropriate and consistent with the Plan’s purposes. 

(b) The obligations of the Company under the Plan shall be binding upon any successor corporation or organization resulting from the
merger, consolidation or other reorganization of the Company, or upon any successor corporation or organization succeeding to substantially all of the assets and business of the Company. The Company agrees that it will make appropriate provisions
for the preservation of Participants’ rights under the Plan in any agreement or plan that it may enter into or adopt to effect any such merger, consolidation, reorganization or transfer of assets. 

 

	15.	Nonexclusivity of the Plan 

Neither the adoption of this Plan by the Board nor the submission of this Plan to the shareholders of the Company for approval shall be
construed as creating any limitations on the power of the Board to adopt such other incentive arrangements as it may deem desirable, including, without limitation, the granting of stock options otherwise than under this Plan, and such arrangements
may be either applicable generally or only in specific cases. 
  

	16.	Amendments and Termination 

(a) Amendment and Termination of the Plan. The Board may amend, alter, suspend, discontinue or terminate the Plan or any portion
thereof at any time; provided that no such amendment, alteration, suspension, discontinuation or termination shall be made without shareholder approval if such approval is necessary to comply with any tax or regulatory requirement applicable to the
Plan; and provided further that any such amendment, alteration, suspension, discontinuance or termination that would impair the rights of any Participant or any holder or beneficiary of any Award theretofore granted shall not to that extent be
effective without the consent of the affected Participant, holder or beneficiary, except such an amendment 

  
 16 

 
made to comply with applicable law, including, without limitation, Section 409A of the Code, Applicable Exchange rules or accounting rules. In no event may any Option or Free-Standing SAR
granted under this Plan be amended, other than pursuant to Section 13, to decrease the exercise price thereof, cancelled in conjunction with the grant of any new Option or Free-Standing SAR with a lower exercise price, or otherwise be subject
to any action that would be treated, for accounting purposes, as a “repricing” of such Option or Free-Standing SAR, unless such amendment, cancellation or action is approved by the Company’s shareholders. 

(b) Amendment of Award Agreements. The Committee may, to the extent consistent with the terms of any applicable Award Agreement,
waive any conditions or rights under, amend any terms of, or alter, suspend, discontinue, cancel or terminate, any Award theretofore granted or the associated Award Agreement, prospectively or retroactively; provided that any such waiver, amendment,
alteration, suspension, discontinuance, cancellation or termination that would impair the rights of any Participant or any holder or beneficiary of any Award theretofore granted shall not to that extent be effective without the consent of the
affected Participant, holder or beneficiary. 

  
 17HomeStreet, Inc. 401(k) Savings Plan

 Exhibit 10.3 
 AMENDMENT TO THE 
 HOMESTREET, INC. 401(k) SAVINGS PLAN 

HomeStreet, Inc., pursuant to Article XIII, Paragraph A, of the HomeStreet, Inc. 401(k) Savings Plan (the “Plan”), hereby
amends the Plan in the following respect, effective as of January 1, 2011: 
 Article III, Paragraph C, is hereby amended
to read as follows, so that it refers to the January 1, 2011 restatement date instead of the prior July 1, 2008 restatement date: 
 C. Eligibility to Make Employee Pre-Tax Contributions. Each Employee who is not otherwise excluded by reason of Paragraph A of this Article III shall become eligible to make Employee pre-tax
contributions under Paragraph B of Article IV upon the later of January 1, 2011, or immediately following the later of the Employee’s employment date or attainment of age 18 and shall be enrolled as a Participant for this purpose as soon
as administratively feasible following completion of such requirement. 
 IN WITNESS WHEREOF, the Employer has caused this
amendment to be adopted as of this 24th day of February, 2011. 
  

			
	HOMESTREET, INC.
		
	By	 	 /s/ Pamela J. Taylor

	Its	 	SVP/H Director

 HOMESTREET, INC. 

401(k) SAVINGS PLAN 
 AS OF JANUARY 1, 2011 

 TABLE OF CONTENTS 

 

							
	 	  	 	  	Page	 
			
	 ARTICLE I
	  	             Name
	  	 	1	  
			
	 ARTICLE II
	  	             Definitions
	  	 	2	  
			
	 A.
	  	 “Accrued Benefit”
	  	 	2	  
	 B.
	  	 “Anniversary Date”
	  	 	2	  
	 C.
	  	 “Board”
	  	 	2	  
	 D.
	  	 “Code”
	  	 	2	  
	 E.
	  	 “Committee”
	  	 	2	  
	 F.
	  	 “Compensation”
	  	 	2	  
	 G.
	  	 “Effective Date”
	  	 	5	  
	 H.
	  	 “Eligibility Computation Period”
	  	 	6	  
	 I.
	  	 “Employee”
	  	 	6	  
	 J.
	  	 “Enrollment Date”
	  	 	6	  
	 K.
	  	 “ERISA”
	  	 	6	  
	 L.
	  	 “Event of Forfeiture”
	  	 	6	  
	 M.
	  	 “Fiscal Year”
	  	 	6	  
	 N.
	  	 “Fund”
	  	 	6	  
	 O.
	  	 “Highly-Compensated Employee”
	  	 	7	  
	 P.
	  	 “Hour of Service”
	  	 	7	  
	 Q.
	  	 “One-Year Break in Service”
	  	 	8	  
	 R.
	  	 “Participant”
	  	 	8	  
	 S.
	  	 “Plan”
	  	 	9	  
	 T.
	  	 “Plan Year”
	  	 	9	  
	 U.
	  	 “Spouse”
	  	 	9	  
	 V.
	  	 “Trust”
	  	 	9	  
	 W.
	  	 “Trustee”
	  	 	9	  
	 X.
	  	 “Valuation Date”
	  	 	9	  
	 Y.
	  	 “Vesting Computation Period”
	  	 	9	  
	 Z.
	  	 “Year of Service”
	  	 	9	  
	 AA.
	  	 “Miscellaneous”
	  	 	9	  
	 BB.
	  	 “WMS 401(k) Plan”
	  	 	9	  
	 CC.
	  	 “WMS Money Purchase Pension Plan”
	  	 	9	  
	 DD.
	  	 “HomeSelect Plan”
	  	 	9	  
			
	 ARTICLE III
	  	             Eligible Employees
	  	 	9	  
			
	 A.
	  	 Exclusions
	  	 	10	  
	 B.
	  	 Eligibility for Employer Contributions
	  	 	10	  
	 C.
	  	 Eligibility to Make Employee Pre-Tax Contributions
	  	 	10	  

  
 ii 

							
	 D.
	  	 Other Eligibility Provisions
	  	 	10	  
			
	 ARTICLE IV
	  	             Contributions
	  	 	11	  
			
	 A.
	  	 Employer Discretionary Profit Sharing Contribution
	  	 	11	  
	 B.
	  	 Employee Pre-Tax Contributions
	  	 	11	  
	 C.
	  	 Employer Matching Contributions
	  	 	14	  
	 D.
	  	 Nondiscrimination Test Applicable to Employee Pre-Tax Contributions
	  	 	14	  
	 E.
	  	 Nondiscrimination Test Applicable to Employer Matching Contributions
	  	 	17	  
	 F.
	  	 Distribution of Excess Aggregate Contributions
	  	 	19	  
	 G.
	  	 Hardship Withdrawals of Employee Pre-Tax Contributions
	  	 	21	  
	 H.
	  	 Date of Payment
	  	 	22	  
	 I.
	  	 Profit Sharing Plan
	  	 	22	  
			
	 ARTICLE V
	  	             Participant’s Accounts, Valuation, Maximum
Contribution
	  	 	22	  
			
	 A.
	  	 Participant’s Accounts
	  	 	22	  
	 B.
	  	 Allocations of Contributions
	  	 	22	  
	 C.
	  	 Active Participants Receive Allocations of Employer Discretionary Profit Sharing Contributions
	  	 	23	  
	 D.
	  	 Trust Valuation
	  	 	23	  
	 E.
	  	 Maximum Contributions
	  	 	24	  
		  	 1.         Annual Addition
	  	 	24	  
		  	 2.         Excess Annual Addition
	  	 	24	  
	 F.
	  	 Forfeitures and Reinstatement of Forfeitures
	  	 	25	  
			
	 ARTICLE VI
	  	             Nonforfeitable Accrued Benefit
	  	 	26	  
			
	 A.
	  	 Allocations Not Vested
	  	 	26	  
	 B.
	  	 Vesting Period
	  	 	26	  
	 C.
	  	 Amendment to Vesting Computation Period or Vesting Schedule
	  	 	27	  
	 D.
	  	 Full Vesting
	  	 	28	  
	 E.
	  	 Participant’s Commencement of Excluded Employment
	  	 	28	  
	 F.
	  	 Transfer of Participants
	  	 	28	  
			
	 ARTICLE VII
	  	             Distribution of Benefits
	  	 	29	  
			
	 A.
	  	 Retirement Age and Options
	  	 	29	  
		  	 1.         Employment After Normal Retirement Age
	  	 	29	  
		  	             a.
        Election to Receive Benefits While Still Employed
	  	 	29	  
		  	             b.
        Required Receipt of Benefits
	  	 	29	  
		  	 2.         Date of Retired Participant’s First Payment
	  	 	30	  
		  	 3.         Deferral of Benefits
	  	 	30	  
		  	 4.         Form of Payment
	  	 	30	  
		  	 6.         Minimum Required Distribution Under Final Regulations
	  	 	30	  
		  	 6.         Minimum Required Distribution Under Final Regulations
	  	 	30	  
	 B.
	  	 Death
	  	 	35	  
		  	 1.         Death Prior to Commencement of Benefits
	  	 	35	  
	 C.
	  	 Disability
	  	 	37	  
	 D.
	  	 Termination of Employment
	  	 	37	  

  
 iii

							
	 E.
	  	 Time of First Payment
	  	 	38	  
	 F.
	  	 Distribution of Allocation Attributable to Last Year of Participation
	  	 	38	  
	 G.
	  	 Distribution to Minors or Incompetents
	  	 	39	  
	 H.
	  	 No Reduction in Benefits by Reason of Increase in Social Security Benefits
	  	 	39	  
		
	 ARTICLE VIII
                Provision Against Anticipation
	  	 	40	  
			
	 A.
	  	 No Alienation of Benefits
	  	 	40	  
	 B.
	  	 Qualified Domestic Relations Orders
	  	 	40	  
	 C.
	  	 Assignment of Benefits
	  	 	41	  
		
	 ARTICLE IX                 Loans
to Participants
	  	 	42	  
		
	 ARTICLE X
                Administrative Committee - Named Fiduciary and Administrator
	  	 	43	  
			
	 A.
	  	 Appointment of Committee
	  	 	43	  
	 B.
	  	 Committee Action
	  	 	43	  
	 C.
	  	 Rights and Duties
	  	 	44	  
	 D.
	  	 Investments
	  	 	44	  
	 E.
	  	 Information - Reporting and Disclosure
	  	 	44	  
	 F.
	  	 Standard of Care Imposed Upon the Committee
	  	 	45	  
	 G.
	  	 Allocation and Delegation of Responsibility
	  	 	45	  
	 H.
	  	 Bonding
	  	 	45	  
	 I.
	  	 Claims Procedure
	  	 	45	  
	 J.
	  	 Funding Policy
	  	 	46	  
	 K.
	  	 Indemnification
	  	 	46	  
	 L.
	  	 Compensation, Expenses
	  	 	46	  
		
	 ARTICLE XI
                Investment of Trust Funds
	  	 	46	  
			
	 A.
	  	 Investment of Employee Pre-Tax Contribution Accounts, Employer Matching Contribution Accounts, and Rollover
Accounts
	  	 	46	  
	 B.
	  	 Standard of Care Imposed Upon Trustee
	  	 	47	  
		
	 ARTICLE XII
                Mergers and Consolidations
	  	 	47	  
		
	 ARTICLE XIII
                Amendment and Termination of Plan and Trust
	  	 	47	  
			
	 A.
	  	 Right to Amend and Terminate
	  	 	47	  
	 B.
	  	 No Revesting
	  	 	48	  
	 C.
	  	 Exclusive Benefit of Employees
	  	 	48	  
	 D.
	  	 Termination
	  	 	48	  
		
	 ARTICLE XIV                 Top Heavy
Plans Defined and Other Definitions
	  	 	49	  
			
	 A.
	  	 Top Heavy Plan
	  	 	49	  
	 B.
	  	 Additional Definitions for Use in this Article and Article XV
	  	 	49	  
		  	 1.         Accrued Benefits
	  	 	49	  
		  	 2.         Controlled Group
	  	 	50	  
		  	 3.         Determination Date
	  	 	50	  
		  	 4.         Key Employee
	  	 	50	  
		  	 5.         Minimum Benefit Accrual
	  	 	51	  

  
 iv 

							
		  	 6.         Non-key Employee
	  	 	51	  
		  	 7.         Permissively Aggregated
	  	 	51	  
		  	 8.         Required Aggregation Group
	  	 	51	  
		
	 ARTICLE XV             Additional Requirements Applicable
to Top Heavy Plans
	  	 	51	  
			
	 A.
	  	 Minimum Vesting Requirements
	  	 	51	  
	 B.
	  	 Minimum Employer Contributions
	  	 	52	  
		  	 1.         General Rule
	  	 	52	  
		  	 2.         Exceptions
	  	 	52	  
		  	 3.         Employee Participating in Defined Benefit Plan
	  	 	53	  
		  	 4.         Specific Rules
	  	 	53	  
		
	 ARTICLE XVI             Right to Discharge
Employees
	  	 	53	  
		
	 ARTICLE XVII           Return of Contributions; Declaration of
Trust Contingent on Internal Revenue Service Approval
	  	 	53	  
		
	 ARTICLE XVIII          Rollover Contributions; Trust to Trust
Transfers
	  	 	54	  
			
	 A.
	  	 Rollover Contributions To This Plan
	  	 	54	  
	 B.
	  	 Trust to Trust Transfers
	  	 	55	  
	 C.
	  	 Definitions
	  	 	55	  
		  	 1.         Eligible Rollover Distribution
	  	 	55	  
		  	 2,         Eligible Retirement Plan
	  	 	55	  
		  	 3.         Distributee
	  	 	56	  
		  	 4.         Direct Rollover
	  	 	56	  
		
	 ARTICLE XIX             Transfers of
Employment
	  	 	56	  

  
 v 

 HOMESTREET, INC. 

401(k) SAVINGS PLAN 
 THIS AGREEMENT is made and entered into at Seattle, Washington, by and between HomeStreet, Inc. (known as Continental, Inc. prior to May 15, 2000), HomeStreet Bank (known as Continental Savings Bank
prior to May 15, 2000), and HomeStreet Capital Corporation (known as Continental Mortgage Company, Inc. prior to May 15, 2000), Washington corporations having their principal place of business at Seattle, Washington, hereinafter called the
“Employer.” 
 WHEREAS, effective January 1, 1976, the Employer established for the exclusive benefit of its
Employees eligible to participate, and their beneficiaries, a profit sharing plan to accumulate from profits a fund for the payment of retirement benefits; 
 WHEREAS, effective July 1, 1999, the Plan was amended and restated as a 401(k) savings and employee stock ownership plan; 
 WHEREAS, effective May 1, 2000, the Plan was amended and restated to change the names of the co-sponsors of the Plan effective May 15, 2000; to remove the Windermere Mortgage Services LLCs as
co-sponsors of the Plan effective May 1, 2000; to authorize the direct transfer in-kind on or after May 1, 2000 of the Plan account balances (except shares of HomeStreet, Inc. stock) of all current and certain former employees of the
Windermere Mortgage Services LLCs (the “WMS LLCs”) to the Windermere Mortgage Services LLCs 401(k) Savings Plan and Trust (the “WMS 401(k) Plan”); 
 WHEREAS, the Plan was also previously amended and restated for compliance with other applicable law and to make certain other design changes; 

WHEREAS, effective January 1, 2011, the Board of Directors of HomeStreet, Inc. wishes to (1) spin-off the ESOP portion of this
Plan into a separate plan to be known as the HomeStreet, Inc. Employee Stock Ownership Plan and Trust (the “ESOP”), so that this Plan is no longer an employee ownership plan and is instead only a profit sharing plan with 401(k) and 401(m)
features , (2) rename this Plan the HomeStreet, Inc. 401(k) Savings Plan, (3) incorporate previously adopted amendments, and (4) make certain other administrative changes to the Plan; 

NOW, THEREFORE, it is agreed that the Plan shall be amended and restated in its entirety, effective as of January 1, 2011, or such
other applicable dates as specifically provided herein, as follows: 
 ARTICLE I 

Name 

The Plan shall be known as the HomeStreet, Inc. 401(k) Savings Plan (the “Plan”). The Plan and its Trust were previously known
as (1) the HomeStreet, Inc. 401(k) Savings and Employee Stock Ownership Plan and Trust from May 15,2000 through December 31, 2010, 

 
(2) the Continental, Inc. 401(k) Savings and Employee Stock Ownership Plan and Trust from July 1, 1999 through May 14, 2000, and (3) the Continental, Inc. Profit Sharing Plan and
Trust prior to July 1, 1999. This amended and restated Plan controls the rights of all Participants who accrue benefits hereunder on or after January 1, 2011. The rights of persons who received Plan benefits prior to January 1, 2011,
or persons who terminated employment with the Employer before January 1, 2011 with a vested Accrued Benefit, are controlled by the terms of the Plan in existence prior to January 1, 2011. 

ARTICLE II 

Definitions 
 A. “Accrued Benefit” means the balance of a Participant’s accounts at any time. 
 B. “Anniversary Date” means the last day of each Plan Year. 
 C.
“Board” means the Board of Directors of HomeStreet, Inc. 
 D. “Code” means the Internal Revenue Code of
1986, as amended from time to time. 
 E. “Committee” means the Administrative Committee appointed by the Board.

 F. “Compensation” for Plan contribution purposes for Employees other than Single Family Retail
Permanent Loan Officers and residential branch managers means an Employee’s regular base salary or wages from the Employer before any deferral of income pursuant to Paragraph B of Article IV and before any salary reduction contributions to the
Employer’s Internal Revenue Code Section 125 flexible benefits plan and Code Section 132(f)(4) transportation fringe benefit plan} if any, but excluding all incentive-based compensation, bonuses, overtime, commissions, Employer contributions hereunder
pursuant to Paragraphs A and C of Article IV, Employer contributions to any other similar retirement plan, and payments by the Employer (other than Section 125 contributions) on account of medical, disability and life insurance. Notwithstanding
the foregoing, for purposes of computing Employee Pre-Tax Contributions under Paragraph B of Article IV, Compensation shall also include one hundred percent (100%) of short-term incentive-based compensation, bonuses, overtime, and commissions
for a Plan Year (“Variable Compensation”), and for purposes of computing Employer Matching Contributions under Paragraph C of Article IV, Compensation shall also include fifty percent (50%) of such Variable Compensation, provided,
however, that the total amount of Compensation considered may not exceed the Internal Revenue Code Section 401(a)(l 7) limits as described later in this Paragraph F. 
 “Compensation” for Plan contribution purposes for Single Family Retail Permanent Loan Officers means 40% of commissions, draws, bonuses, and base salary, up to $50,000. Compensation is subject
to the Internal Revenue Code Section 401(a)(17) limits as described later in this Paragraph G and is determined before any deferral of income pursuant to Paragraph B of Article IV and before any salary reduction contributions to the
Employer’s Internal Revenue Code Section 125 flexible benefits plan and Code Section 132(f)(4) 

  
 2 

 
transportation fringe benefit plan, if any, but excluding Employer contributions hereunder pursuant to Paragraphs A and C of Article IV, Employer contributions to any other similar retirement
plan, and payments by the Employer (other than Section 125 contributions) on account of medical, disability, and life insurance. Notwithstanding the foregoing, for purposes of computing Employee Pre-Tax Contributions under Paragraph B of
Article IV, Compensation for Single Family Retail Permanent Loan Officers shall include 100% of commissions, draws, bonuses, and base salary up to the Internal Revenue Code Section 401(a)(l7) limits, and for purposes of computing Employer
Matching Contributions under Paragraph C of Article IV, Compensation for Single Family Retail Permanent Loan Officers means 65% of commissions, draws, bonuses, and base pay, up to the Internal Revenue Code Section 401(a)(17) limits. 

“Compensation” for Plan contribution purposes for residential branch managers means 100% of base salary, short-term incentive
based compensation, commissions and overrides, up to $75,000. Compensation considered may not exceed the Internal Revenue Code Section 401(a)(17) limits as described later in this Paragraph G, and is determined before any deferral of income
pursuant to Paragraph B of Article IV and before any salary reduction contributions to the Employer’s Internal Revenue Code Section 125 flexible benefits plan and Code Section 132(f)(4) transportation fringe benefit plan, if any, but
excluding Employer contributions hereunder pursuant to Paragraphs A and C of Article IV, Employer contributions to any similar retirement plan, and payments by the Employer (other than Section 125 contributions) on account of medical,
disability and life insurance. Notwithstanding the foregoing, for purposes of computing Employee Pre-Tax Contributions under Paragraph B of Article IV, Compensation shall mean 100% of base salary, short-term incentive based compensation, commissions
and overrides up to the Internal Revenue Code Section 401(a)(17) limits, and for purposes of computing Employer Matching Contributions under Paragraph C of Article IV, Compensation shall mean 100% of base salary and 50% of short-term incentive
based compensation, commissions and overrides, provided, however, that the total amount of Compensation considered may not exceed the Code Section 401(a)(l 7) limits as described later in this Paragraph G. 

Notwithstanding any provision of this Plan to the contrary and consistent with the Employer’s administration of the Plan, any
long-term incentive compensation shall be excluded from Compensation on which the Plan contributions are based. 
 Effective
January 1, 2009, (i) an individual receiving a differential wage payment, as defined by Code Section 3401(h)(2), is treated as an Employee of the Employer making the payment, (ii) the differential wage payment is treated as
Compensation, and (iii) the Plan is not treated as failing to meet the requirements of any provision described in Code Section 414(u)(l)(C) by reason of any contribution or benefit which is based on the differential wage payment However,
subsection (iii) applies only if all Employees of the Employer performing service in the uniformed services described in Code Section 3401(h)(2)(A) are entitled to receive differential wage payments (as defined in Code
Section 3401(h)(2)) on reasonably equivalent terms and, if eligible to participate in a retirement plan maintained by the Employer, to make contributions based on the payments on reasonably equivalent terms (taking into account Code Sections
410(b)(3), (4), and (5)). 

  
 3 

 Effective as of January 1, 2008, for purposes of Plan contributions. Compensation shall
also include Compensation received during the applicable post-severance period only to the extent included in the definition of Compensation for Code Section 415 purposes below, and unless otherwise excluded under this Article II, Paragraph F,
of the Plan. Any amount includible in a Participant’s gross income due to noncompliance with Code Section 409A shall be included in Compensation for purposes of Code Section 415 limitations on contributions and benefits. 

Effective January 1, 2008, for purposes of applying the Code Section 415 limitations on contributions and benefits, the
following Compensation shall be considered: (1) a Participant’s regular Compensation received for services rendered during the Participant’s regular working hours that is paid during a post-severance payment period, and (2) a
Participant’s Compensation for services rendered outside his regular working hours (such as overtime or shift differential), commissions, bonuses, or other similar payments that would have been paid to the Participant before a severance of
employment had the Participant continued in employment with the Employer (provided such amounts are paid during the post-severance payment period). The post-severance period is the period from the Participant’s severance from employment until
the later of 2-1/2 months after severance or the end of the Limitation Year in which severance occurred. Through December 31, 2008 only, Compensation for purposes of applying the Code Section 415 limitations on contributions and benefits
shall also include, if paid during the post-severance period, payments for unused accrued bona fide sick, vacation, or other leave, but only to the extent that (a) the Participant would have been able to use the leave if employment had
continued, and (b) the amounts would have been included in the definition of Compensation for purposes of applying the Code Section 415 limitations if they were paid prior to the Participant’s severance from employment with the
Employer. In no event shall the Compensation for purposes of Code Section 415 for a given limitation year exceed the maximum amount of Compensation recognized for purposes of limiting contributions or benefits payable with respect to a plan
under Code Section 401(a)(17) for that same limitation year. 
 If the Employer so elects, effective January 1, 2008,
Compensation for purposes of applying the Code Section 415 limitations on contributions and benefits for a limitation year shall include amounts earned but not paid during the limitation year solely because of the timing of pay periods and pay
dates, provided the amounts are paid during the first few weeks of the next limitation year, the amounts are included on a uniform and consistent basis with respect to all similarly-situated participants, and no compensation is included in more than
one limitation year. 
 As modified by the preceding two paragraphs, for purposes of the Code Section 415 limitations on
contributions and benefits (Article V, Paragraph E, hereof) and the Code Section 416 top heavy requirements (Articles XIV and XV hereof), and for purposes of determining a Highly Compensated Employee (Article II, Paragraph O, hereof),
“Compensation” means wages, salaries, fees for professional services and other amounts received (without regard to whether or not an amount is paid in cash) for personal services actually rendered in the course of employment with the
Employers maintaining the Plan to the extent that the amounts are includable in gross income (including, but not limited to, commissions paid salesmen, compensation for services on the basis of a percentage of profits, commissions on insurance

  
 4 

 
premiums, tips, bonuses, fringe benefits, reimbursements, and expense allowances), Code Section 132(f)(4) transportation fringe benefit plan salary reduction contributions, and any elective
deferrals as defined in Code Section 402(g)(3), and any amount which is contributed or deferred by the Employers at the election of the Employee and which is not includable in the gross income of the Employee by reason of Code Section 125
or 457. Such compensation does not include: 
 1. Contributions to a plan of deferred compensation which are not
includible in the Employee’s gross income for the taxable year in which contributed; 
 2. Employer
contributions to a simplified employee pension described in Section 408(k) of the Code to the extent deductible by the Employee; 
 3. Distributions from a plan of deferred compensation regardless of whether such amounts are includible in gross income when distributed (except that amounts paid to an Employee under an unfunded
nonqualified plan of deferred compensation will be considered as compensation for Code Sections 415 and 416 in the year such amounts are includible in gross income); 

4. Amounts realized from the exercise of a nonqualified stock option or when restricted property becomes freely
transferable or is no longer subject to a substantial risk of forfeiture; 
 5. Amounts realized from the sale,
exchange or other disposition of stock acquired under a qualified stock option; 
 6. Other amounts which receive
special tax benefits such as premiums for group term life insurance (but only to the extent that the premiums are not includible in gross income) or contributions made by an Employer (whether or not under a salary reduction agreement) towards the
purchase of an annuity contract described in Section 403(b) of the Code (whether or not contributions are excludable from gross income). 
 In addition to other applicable limitations set forth in this Plan, and notwithstanding any other provision of this Plan to the contrary, the annual Compensation of each Employee taken into account under
this Plan shall not exceed the annual compensation limit as provided in Code Section 401(a)(17). The annual compensation limit (e.g., $245,000 for the 2010 Plan Year), shall be adjusted for increases in the cost of living in accordance with
Code Section 401(a)(17)(B). The cost-of-living adjustment in effect for a calendar year applies to any period, not exceeding 12 months, over which Compensation is determined (determination period) beginning in such calendar year. If a
determination period consists of fewer than 12 months, the annual compensation limit will be multiplied by a fraction, the numerator of which is the number of months in the determination period, and the denominator of which is 12. 

G. “Effective Date” unless otherwise stated in this Plan means January 1, 2011, the effective date of the amendment and
restatement of this Plan, except as otherwise specifically provided herein. The Employer’s plan was originally adopted effective January 1, 1976. 

  
 5 

 H. “Eligibility Computation Period” initially means the 12-consecutive-month
period beginning with the date on which the Employee first performs an Hour of Service for the Employer (the “Employment Commencement Date”), or in the case of an Employee who has had a One-Year Break in Service, the 12-consecutive-month
period beginning with the first date on which the Employee completes an Hour of Service following the last computation period in which a One-Year Break in Service occurred (the “Reemployment Commencement Date”). After the initial
Computation Period, the succeeding Eligibility Computation Periods shall be the Plan Year which includes the first anniversary of the Employment Commencement Date or Reemployment Commencement Date and each succeeding Plan Year. 

I. “Employee” means any person in the service of the Employer receiving a regular wage or salary. A leased employee as defined
in Code Section 414(n)(2) shall be considered an Employee hereunder solely for purposes of Code Section 414(n)(3) unless (i) leased employees constitute less than twenty percent (20%) of the Employer’s non-highly-compensated
workforce as defined in Code Section 414(n)(5)(c)(ii) and (ii) the leased employee is a participant in a plan described in Code Section 414(n)(5)(B). A leased employee for purposes of Code Section 414(n)(3) means any person who
is not an Employee of the Employer and who provides services for the Employer pursuant to an agreement between the Employer and a leasing organization, who has performed such services for the Employer and related persons on a substantially full-time
basis for a period of at least one year, and whose services are performed under the primary direction or control of the Employer. Notwithstanding that a leased employee is treated as an Employee hereunder solely for purposes of Code
Section 414(n)(3), such a leased employee shall not be considered an eligible Employee or receive credit for service or share in Employer contributions under this Plan. 
 J. “Enrollment Date” means the date on which an Employee who has complied with the eligibility requirements shall become eligible to participate in the Plan. The Enrollment Dates with respect to
Employee pre-tax contributions shall be as soon as administratively feasible after becoming an eligible Employee and attainment of age 18, and the Enrollment Dates with respect to all other contributions shall be the first day of each calendar
month. 
 K. “ERISA” means the Employee Retirement Income Security Act of 1974, as amended from time to time.

 L. “Event of Forfeiture” means with respect to a Participant who terminates employment, either the incurring of
five consecutive One-Year Breaks in Service or a cash-out payment in full in a single lump sum of all of his vested Accrued Benefit, subject to the reinstatement of forfeitures requirements of Article V, Paragraph F. A Participant who terminates
employment with no vested Accrued Benefit shall be deemed to have received a cash-out payment. 
 M. “Fiscal Year”
means the Employer’s fiscal year for federal tax purposes. The Employer’s fiscal year begins on January 1 and ends on December 31. 
 N. “Fund” means the trust fund established pursuant to the Trust Agreement in which all of the assets of the Plan are held. With respect to Employee Pre-Tax Contribution Accounts,

  
 6 

 
Participant-Directed Profit Sharing Accounts, Employer Matching Contribution Accounts, and Rollover Accounts, the Fund shall be divided into a number of separate investment funds selected by the
Committee and communicated to Participants. 
 O. “Highly-Compensated Employee” means any Employee who during the Plan
Year or the preceding Plan Year is a more than five percent owner (as defined by Code Section 416(i)(1)) or an Employee who for the preceding Plan Year received Compensation in excess of $80,000 adjusted as provided in Code
Section 414(q)(1), and effective January 1, 1999 who was a member of the top-paid 20% group of Employees (based on Compensation for the preceding Plan Year). 
 Effective January 1, 2008, for purposes of determining whether an Employee is a Highly-Compensated Employee, annual Compensation means Compensation within the meaning of Code Section 415(c)(3)
as set forth in Article II, Paragraph F, for purposes of applying the Code Section 415 limitations on contributions and benefits for the applicable Plan Year or preceding Plan Year. 

The Committee must make the determination of who is a Highly Compensated Employee. 

The Employer for purposes of this Paragraph is the entity employing the Employee and includes all other entities aggregated with such
employing entity under the aggregation requirements of Code Sections 414(b), (c), (m) or (o). 
 A former Employee shall be
considered a Highly-Compensated Employee if he was a Highly-Compensated Employee when he separated from service or if he was a Highly-Compensated Employee at any time after attaining age 55. 

P. “Hour of Service” means: 
 a. Each hour for which the Employee is directly or indirectly paid, or entitled to payment, by the Employer for the performance of duties. These hours shall be credited to the Employee for the computation
period or periods in which the duties are performed. Effective with respect to reemployments initiated on or after December 12, 1994, an Employee in qualified military service as defined in Code Section 414(u)(5) shall be credited with
Hours of Service at his customary rate; and 
 b. Each hour for which an Employee is directly or indirectly paid,
or entitled to payment, by the Employer on account of a period of time during which no duties are performed (irrespective of whether the employment relationship was terminated) due to vacation, holiday, illness, incapacity (including disability),
layoff, jury duty, military duty or leave of absence. No more than 501 Hours of Service shall be credited under this subsection (b) for any single continuous period (whether or not such period occurs in a single computation period).
Notwithstanding the foregoing, an Employee in qualified military service shall receive credit in accordance with Code Section 414(u). Hours under this subsection (b) shall be calculated and

  
 7 

 
credited pursuant to Section 2530.200b-2 of the Department of Labor Regulations which are incorporated herein by this reference; and 

c. Each hour for which back pay, irrespective of mitigation of damages, is either awarded or agreed to by the Employer.
The same Hours of Service shall not be credited under subsection (a) or (b), as the case may be, and under this subsection (c). These hours shall be credited to the Employee for the Eligibility or Vesting Computation Period or Periods to which
the award or agreement pertains rather than the computation period in which the award, agreement, or payment is made. 

Provided, for the purpose of determining whether an Employee has incurred a One-Year Break in Service (i) Hours of Service described
in subsection (b) shall be credited without regard to the 501-hour limitation of subsection (b); (ii) hours at the Employee’s customary rate shall be credited during any period the Employee is on authorized leave of absence or
temporary layoff, and (iii) in the case of an Employee who is absent from work for any period by reason of pregnancy, birth of a child, placement with the Employee of a child for adoption, or caring for such child immediately following birth or
placement, Hours of Service (up to 501 hours) shall be credited equal to the Hours of Service that otherwise would normally have been credited to the Employee but for such absence (or if such hours cannot be determined, equal to 8 Hours of Service
per day of absence). The hours credited under (iii) above shall be credited to the applicable computation period in which the absence begins if such crediting will prevent a One-Year Break in Service, or otherwise to the following computation
period. No such credit shall be given unless the Employee provides the Committee with timely information (including, if requested, a written statement of a doctor or adoption official) to establish that the absence is for reasons referred to in this
paragraph and the number of days for which there was such an absence. Provided, further, there shall be no duplication of credit under the Plan. Authorized leave of absence shall be granted on a nondiscriminatory basis. 

Hours of Service will be credited for employment with other members of an affiliated service group (under Code Section 414(m)), a
controlled group of corporation (under Code Section 414(b)), or a group of trades or businesses under common control (under Code Section 414(c)) of which the Employer is a member, and any other entity required to be aggregated with the
Employer pursuant to Code Section 414(o) and the regulations thereunder. 
 An exempt salaried Employee who during a
semi-monthly payroll period would be entitled to credit for at least one Hour of Service shall receive credit for 95 Hours of Service. All other Employees shall be credited with actual hours (i) for which they are entitled to payment by the
Employer, and (ii) for purposes of determining whether a One-Year Break in Service has occurred, at their regular rate during unpaid leave of absence. 
 Q. “One-Year Break in Service” means the applicable Eligibility or Vesting Computation Period during which an Employee completes less than 501 Hours of Service. 

R. “Participant” means an Employee who has satisfied the eligibility requirements of Article III. 

  
 8 

 S. “Plan” means the 401(k) Savings Plan set forth in this agreement and all
subsequent amendments thereto. 
 T. “Plan Year” means the twelve-month period on which the records of the Plan are
kept. Each Plan Year shall end on December 31. 
 U. “Spouse” means the lawful husband or wife of the
Participant. 
 V. “Trust” means the separate Trust Agreement between the Employer and Charles Schwab Trust Company
(or any successor Trustee) and all subsequent amendments thereto. 
 W. “Trustee” means Charles Schwab Trust Company
and any successor Trustee or Trustees hereunder appointed by the Board. 
 X. “Valuation Date” means the date upon
which the assets of the Trust are valued. The Valuation Dates for Participants’ Employee Pre-Tax Contribution Accounts, Participant-Directed Profit Sharing Accounts, Employer Matching Contribution Accounts, and Rollover Accounts shall be each
business day when the New York Stock Exchange, Schwab Trust Company, and the Plan recordkeeper are open for business. The Committee is authorized to establish additional Valuation Dates in its discretion. 

Y. “Vesting Computation Period” for purposes of determining a Participant’s nonforfeitable Accrued Benefit means the Plan
Year. 
 Z. “Year of Service” means the applicable computation period during which the Employee completes not fewer
than 1,000 Hours of Service as defined in Paragraph P. 
 AA. “Miscellaneous.” Unless some other meaning and intent is
apparent from the context, the plurals shall mean the singular, and vice versa, and masculine, feminine, and neuter words shall be used interchangeably. 
 BB. “WMS 401(k) Plan” means the Windermere Mortgage Services Series LLC 401(k) Savings Plan and Trust. The WMS 401(k) Plan was known as the Windermere Mortgage Services LLC 401(k) Savings Plan
and Trust from January 1, 2004 through April 30, 2005. Prior to January 1, 2004, the WMS 401(k) Plan was known as the Windermere Mortgage Services LLCs 401 (k) Savings Plan and Trust. 

CC. “WMS Money Purchase Pension Plan” means the Windermere Mortgage Services LLCs Money Purchase Pension Plan and Trust. The
WMS Money Purchase Pension Plan merged into the WMS 401(k) Plan effective as of the close of business on December 31, 2002. 
 DD. “HomeSelect Plan” means the HomeSelect Series LLC 401(k) Savings Plan and Trust. The HomeSelect Plan terminated on October 28, 2008. 

ARTICLE III 
 Eligible Employees 

  
 9 

 A. Exclusions. Employees shall be excluded from those eligible to participate if they
are included in a unit of employees covered by a collective bargaining agreement between employee representatives and one or more employers, if there is evidence that retirement benefits were the subject of good faith bargaining and if the
collective bargaining agreement does not provide for participation by such Employees. Notwithstanding any Plan provision to the contrary, any individual who is classified as an independent contractor by the Employer, regardless of whether such
individual is classified as an employee by a court or by any federal, state or local agency, and any individual who performs services pursuant to an agreement between the Employer and a leasing organization shall not be eligible to participate in
this Plan. 
 B. Eligibility for Employer Contributions. Unless excluded by reason of Paragraph A of this Article III,
each Employee who was a Participant on December 31, 2010 shall continue to be a Participant for purposes of eligibility for Employer contributions under Paragraphs A and C of Article IV subject to the provisions of this Plan. Each other
Employee not excluded by reason of Paragraph A of this Article III shall become eligible upon the later of January 1, 2011, or his completion of one Year of Service with the Employer and attainment of age 18. Notwithstanding the foregoing, for
purposes of eligibility for Employer matching contributions pursuant to Article IV, Paragraph C, only, each other Employee not excluded by reason of Paragraph A of this Article III shall become eligible upon the later of January 1, 2011, or his
completion of six months of service with the Employer and attainment of age 18. An Employee shall not be required to complete any specified number of Hours of Service to receive credit for such months of service. However, if an Employee completes a
Year of Service in his Eligibility Computation Period, he shall be eligible to participate in this Plan for purposes of Employer matching contributions as of the next Enrollment Date regardless of whether he completed the months of service required
to participate in this Plan. 
 Each eligible Employee shall be enrolled as a Participant as of the Enrollment Date coinciding
with or following completion of such requirements, provided the Employee has not separated from service before such Enrollment Date. 
 C. Eligibility to Make Employee Pre-Tax Contributions. Each Employee who is not otherwise excluded by reason of Paragraph A of this Article III shall become eligible to make Employee pre-tax
contributions under Paragraph B of Article IV upon the later of July 1, 2008, or immediately following the later of the Employee’s employment date or attainment of age 18 and shall be enrolled as a Participant for this purpose as soon as
administratively feasible following completion of such requirement. 
 D. Other Eligibility Provisions. In counting Years
of Service for eligibility purposes, the Committee shall apply the following rules using the applicable Eligibility Computation Period to determine Years of Service and One-Year Breaks in Service: 

a. Except as hereafter provided, the Employee shall receive credit for each Year of Service. 

b. In the case of a Participant who has a One-Year Break in Service prior to the time he has any nonforfeitable right to
an Accrued Benefit computed pursuant to Article VI, 

  
 10 

 
Paragraph B, and who returns to employment, service prior to the break shall not be counted if the number of his consecutive One-Year Breaks in Service equals or exceeds the aggregate number of
Years of Service (whether or not consecutive) prior to the last such break if the number of consecutive One-Year Breaks in Service is five or more. 
 c. In the case of a Participant who terminates employment and is rehired, and his prior service is not disregarded under (b), he shall become a Participant on the date of his reemployment, which date
shall be the date on which he completes one Hour of Service after his termination of employment. 
 The Committee may request
each eligible Employee to apply for Plan participation in writing on a form to be supplied by the Committee, agreeing to the terms of the Plan and giving such information as may be required by the Committee, including beneficiary designation. An
Employee shall not be precluded from Plan participation if he does not complete such form. 
 ARTICLE IV 

Contributions 
 A. Employer Discretionary Profit Sharing Contributions. For each Plan Year, the Employer in its discretion may pay to the Trustee for investment in the Participant-Directed Profit Sharing Accounts
of each Active Participant as defined in Article V, Paragraph C, under the Trust such amount as shall be determined by the Board of Directors of the Employer at a meeting held before the time provided by law for filing of the Employer’s income
tax return (including extensions). 
 Notwithstanding any provision of this Plan to the contrary, effective with respect to
reemployments initiated on or after December 12, 1994, any Employer discretionary contributions with respect to qualified military service shall be made in accordance with Code Section 414(u). 

The Employer’s determination of such contribution shall be binding on all Participants, the Committee, and the Trustee. The Trustee
shall have no right or duty to inquire into the amount of the Employer’s contribution or the method used in determining the amount of such contribution, but shall be accountable only for the funds actually received by it. 

B. Employee Pre-Tax Contributions. On or prior to an Employee’s Enrollment Date for Employee pre-tax contribution purposes,
the Employee may, through use of a telephone voice response system or such other means as are designated by the Committee, direct the Employer (1) to defer a percentage of his Compensation each pay period, commencing as of his Enrollment Date,
and (2) to contribute that amount to the Plan within the time required by ERISA. The Committee shall provide each Employee prior to his Enrollment Date instructions about the time period within which the Employee may elect to make pre-tax
contributions effective as of his Enrollment Date. A Participant’s pre-tax contributions for any pay period shall be in whole percentages equal to at least one percent (1%) of the Participant’s Compensation but not more than a
percentage of Compensation that shall be determined by the 

  
 11 

 
Committee from time to time in a manner that is consistent with applicable law, provided such contributions are within the limits of Article V, Paragraph E. The amount of a Participant’s
deferred Compensation shall be rounded to the nearest cent. 
 Notwithstanding the foregoing, Employee pre-tax contributions on
behalf of a Participant in this Plan or any other qualified plan maintained by the Employer during any taxable year may not exceed the limit under Code Section 402(g) in effect for such taxable year ($15,500 for calendar year 2008 and
thereafter such amount for a calendar year as adjusted each year by the Secretary of the Treasury), except to the extent permitted under the remainder of this Paragraph B and Section 414(v) of the Code, if applicable. A Participant who makes
Code Section 401(k) Employee pre-tax contributions to more than one plan in a calendar year in excess of the applicable dollar limitation must submit to the Committee by March 1 of the year following the year of any excess contributions a
written statement including the amount of the excess contributions to be allocated to this Plan. Any excess contributions allocated to this Plan shall be distributed, together with income attributable thereto, by April 15 of the year following
the year of the excess contributions. 
 With respect to excess deferrals (as defined in Code Section 402(g)) made in the
taxable year 2007, allocable income must be calculated for the taxable year and also for the gap period (i.e., the period after the close of the taxable year in which the excess deferral occurred and prior to the distribution); provided that the gap
period income will be calculated and distributed only if the gap period allocable income would otherwise be allocated to the Participant’s account. With respect to excess deferrals made in taxable years after 2007, gap period income shall not
be distributed. 
 Notwithstanding any provision of this Plan to the contrary, upon a Participant’s return from qualified
military service, such Participant may make up Employee pre-tax contributions for the period of qualified military service in accordance with Code Section 414(u), effective with reemployments initiated on or after December 12, 1994.

 In the event a Participant terminates employment and is rehired, the Participant may elect to begin deferring a percentage of
his Compensation as soon as administrative feasible following his date of rehire, provided that prior to that date and within the timeframe required by the Committee he elects to make Employee pre-tax contributions by following the procedures
designated by the Committee. 
 Effective the first day of any payroll period, each Participant who is deferring an amount of
his Compensation may change the percentage of his Compensation to be deferred, and each Participant who is not deferring an amount of his Compensation may elect to begin deferring a percentage of his Compensation. Each Participant who elects to make
such a change or election must follow the procedures established by the Committee and must make such change or election within a reasonable timeframe prior to the beginning of the applicable pay period, as designated by the Committee. 

By following the procedures designated by the Committee, a Participant may revoke his Employee pre-tax contribution agreement effective
as of the first day of any subsequent pay 

  
 12 

 
period. A Participant who revokes his Employee pre-tax contribution agreement may resume deferring a percentage of his Compensation hereunder at any time, provided he follows procedures
designated by the Committee relating to resuming Employee pre-tax contributions, with such election effective as soon as administratively possible thereafter. 

Employee pre-tax contributions shall be credited to a separate Employee Pre-Tax Contribution Account for each
Participant. A Participant’s Employee Pre-Tax Contribution Account shall be invested, valued, distributed and except as specifically provided herein, in all respects treated in the same manner as the Participant’s Employer Matching
Contribution Account, except that the amounts credited to the Participant’s Employee Pre-Tax Contribution Account shall be one hundred percent (100%) vested. Amounts in the Employee Pre-Tax Contribution Account shall not be distributed
until the earliest of the Participant’s death, disability, retirement, attainment of age 59 1/2, termination of employment, in accordance with the provisions of Article VII of the Plan, or the occurrence of a hardship as set forth in Paragraph G of this Article. 

Such amounts may also be distributed upon: 
 (1) Termination of the Plan without the establishment of another defined contribution plan, other than an employee stock ownership plan (as defined in Code Section 4975(e)(7)), a simplified employee
pension plan (as defined in Code Section 408(k)) or a SIMPLE IRA Plan (defined in Code Section 408(p)). 
 (2) The disposition by a corporation to an unrelated corporation of substantially all of the assets (within the meaning of Code Section 409(d)(2)) used in a trade or business of such corporation if
such corporation continues to maintain the plan after the disposition, but only with respect to employees who continue employment with the corporation acquiring such assets. 

(3) The disposition by a corporation to an unrelated entity of such corporation’s interest in a subsidiary (within
the meaning of Code Section 409(d)(3)) if such corporation continues to maintain the Plan, but only with respect to Employees who continue employment with such subsidiary. 

All Employees who are eligible to make Employee pre-tax contributions under this Plan and who have attained age 50 before the close of
the Plan Year shall be eligible to make catch-up contributions in accordance with, and subject to the limitations of, Code Section 414(v). Such catch-up contributions shall not be taken into account for purposes of the provisions of the Plan
implementing the required limitations of Sections 402(g) and 415 of the Code. The Plan shall not be treated as failing to satisfy the provisions of the Plan implementing the requirements of Code Sections 401(k)(3), 401(k)(l1), 401(k)(12), 410(b), or
416, as applicable, by reason of the making of such catch-up contributions. Consistent with the Employer’s administration of the Plan and applicable law, catch-up contributions shall be treated in the same manner as Employee pre-tax
contributions for purposes of Participant loans pursuant to Article IX of this Plan and for purposes of any in-service withdrawals. 

  
 13 

 Effective January 1, 2009, a Participant shall be treated as having a severance from
employment and therefore eligible for a distribution of his Employee Pre-Tax Contribution Account during any period the Participant is performing service in the uniformed services for more than 30 days as described in Code
Section 3401(h)(2)(A). In the event that such a Participant elects to receive a distribution by reason of severance from employment, the Participant may not make an elective deferral to the Plan during the 6-month period beginning on the date
of the distribution. 
 C. Employer Matching Contributions. The Employer may, in its sole discretion, contribute on
behalf of each Participant who makes Employee pre-tax contributions an Employer matching contribution equal to such percentage of each Participant’s Employee pre-tax contributions as shall be determined by the Board of Directors in its
discretion, provided that such Employer Matching Contributions (a) shall be based only on a Participant’s Employee pre tax contributions of up to 6% of Compensation or such other maximum as set by the Board, and (b) shall not result
in an excess contribution as defined in Paragraph E below or exceed the applicable limits of Paragraph E of Article V. The Board may determine the time period for which such match will be made (e.g. a quarter or Plan Year), either prospectively or
retroactively for the time period. If a match is made retroactively for a time period, the Participant must be employed on the last day of such period (an Active Participant) to receive the match. If Employer Matching Contributions are made for a
time period, such Employer Matching Contributions may be made each pay period within it based on the Participant’s Employee pre tax contributions and Compensation for each such pay period, or may be allocated based on the Participant’s
Employee pre-tax contributions and Compensation during the entire time period, as determined by the Board. 
 Notwithstanding
any provisions of this Plan to the contrary, upon a Participant’s return from qualified military service, Employer matching contributions shall be made to the extent they would have been made with respect to Employee pre-tax contributions that
are attributable to a period of qualified military service in accordance with Code Section 414(u). 
 Notwithstanding any
provisions of this Plan to the contrary, Employee pre-tax contributions that are catch-up contributions made pursuant to Paragraph B of Article IV shall not be eligible for Employer Matching Contributions under this Paragraph C. 

D. Nondiscrimination Test Applicable to Employee Pre-Tax Contributions. The maximum amount of Tax-Deferred Contributions that may
be made by Highly-Compensated Employees is subject to the requirement that it meets one of the following nondiscrimination tests during each Plan Year: 
 (1) The Actual Deferral Percentage for the group of Highly-Compensated Employees who are Participants for Tax-Deferred Contribution purposes for the Plan Year may not be more than the Actual Deferral
Percentage for the group of non-Highly-Compensated Employees who are Participants for Tax-Deferred Contribution purposes for the current Plan Year multiplied by 1.25; or 

  
 14 

 (2) The excess of the Actual Deferral Percentage for the group of
Highly-Compensated Employees who are Participants for Tax-Deferred Contribution purposes for the Plan Year over the Actual Deferral Percentage of non-Highly-Compensated Employees who are Participants for Tax-Deferred Contribution purposes for the
current Plan Year may not be more than two percentage points, and the Actual Deferral Percentage for the group of Highly-Compensated Employees who are Participants for Tax-Deferred Contribution purposes for the Plan Year may not be more than the
Actual Deferral Percentage of the group of non-Highly-Compensated Employees who are Participants for Tax-Deferred Contribution purposes for the current Plan Year multiplied by 2.0. 

For purposes of this Paragraph, the following definitions shall apply: 

(a) “Actual Deferral Percentage” or “ADP” shall mean the average of the Actual Deferral Ratios of the
Eligible Participants in a group; 
 (b) “Actual Deferral Ratios” shall mean the ratio (calculated
separately for each Participant and expressed as a percentage) of the Employer Tested Contributions on behalf of any Participant for the Plan Year to the Participant’s Compensation for the Plan Year; 

(c) “Employer Tested Contributions” on behalf of any Participant shall include: (i) any Tax-Deferred
Contributions made pursuant to the Participant’s deferral election (including excess Tax-Deferred Contributions of Highly-Compensated Employees), but excluding a) excess Tax-Deferred Contributions of non-Highly-Compensated Employees that arise
solely from Tax-Deferred Contributions made under this Plan or plans of this Employer and b) Tax-Deferred Contributions that are taken into account in the Contribution Percentage test in Paragraph E of this Article IV (provided the ADP test is
satisfied both with and without exclusion of these Tax-Deferred Contributions); and (ii) all Qualified Nonelective Contributions, if applicable; provided that only such Qualified Nonelective Contributions and Qualified Matching Contributions as
are needed to meet the ADP test shall be included. Qualified Matching Contributions and Qualified Nonelective Contributions shall have the meaning provided in Reg. Section 1.401(k)-l(g). For purposes of computing Actual Deferral Percentages, an
Employee who would be a Participant but for the failure to make Tax-Deferred Contributions shall be treated as a Participant on whose behalf no Tax-Deferred Contributions are made; 

(d) “Eligible Participant” shall mean any Employee who is eligible to make a Tax-Deferred Contribution;

 (e) “Compensation” shall mean compensation as defined in Code Section 414(s) and in the seventh
through last subparagraphs of Article II, Paragraph F, of the Plan. 
 (f) “Excess Contributions” shall
mean, with respect to any Plan Year, the excess of: 

  
 15 

 (i) the aggregate amount of Tax-Deferred Contributions on behalf of
Participants taken into account in computing the ADP of Highly-Compensated Employees for the Plan Year over 

(ii) the maximum amount of such contributions permitted by the ADP test determined by hypothetically reducing
Tax-Deferred Contributions made on behalf of Highly-Compensated Employees, beginning with the Highly-Compensated Employee with the highest Actual Deferral Ratio, reducing the contributions until the ratio equals the next highest of such ratios,
reducing the contributions of both until they equal the next highest ratio, and proceeding in the same manner until the maximum amount of such contributions is achieved. 
 Excess Contributions shall be distributed in accordance with Paragraph F of this Article IV. 
 The Committee may elect, in accordance with IRS Notice 98-1 (or superseding guidance), to use the Actual Deferral Percentage deferred by non-Highly-Compensated Employees in the prior Plan Year instead of
in the current Plan Year for the foregoing tests. 
 The Employer may elect to make Qualified Nonelective Employer Contributions
(called Employer Vested Contributions for purposes of this Plan) that are allocated to the accounts of eligible Highly-Compensated Employees and/or any non-Highly-Compensated Employees in any manner that does not impermissibly discriminate against
non-Highly-Compensated Employees, and may take into consideration all or any portion of such contributions in order to meet the nondiscrimination test applicable to Tax-Deferred Contributions, subject to the requirements of applicable regulations.
Such contributions shall be 100% vested, shall be subject to the same restrictions on withdrawal as Tax-Deferred Contributions, shall meet the requirements of Code Section 401(a)(4) both before and after any portion is used for purposes of
meeting the 401(k) and 401(m) nondiscrimination tests, and shall meet the requirements of the applicable regulations. 
 An
Employer may elect to aggregate Tax-Deferred Contributions, 100% vested qualified employer matching contributions as defined by applicable regulations, and Employer Matching Contributions in order to meet the nondiscrimination test applicable to
Tax-Deferred Contributions. 
 Compensation for the applicable year as used in this Paragraph shall mean Compensation as defined
in Code Section 414(s) and in the seventh through last subparagraphs of Article II, Paragraph F, of the Plan. Tax-Deferred Contributions that cause this Plan to fail to meet one of the above tests are hereafter Excess Contributions and must be
reduced and distributed in accordance with Paragraph F of this Article IV. 
 This Plan will take
Tax-Deferred Contributions into account only if attributable to Compensation that would be received by the Participant during the Plan Year or earned during the Plan Year and received within 2 1/2 months after the end of the Plan Year. This Plan will aggregate all
arrangements under which a Highly-Compensated Employee is eligible to make 

  
 16 

 
Tax-Deferred Contributions for purposes of applying the nondiscrimination test applicable to Tax-Deferred Contributions. 
 Tax-Deferred Contributions allocated to a Highly-Compensated Employee as Excess Contributions may be recharacterized (“Recharacterized Contributions”). Recharacterized Contributions are treated
as amounts distributed to the Participant and then contributed by the Participant to the Plan as a nondeductible employee contribution. Recharacterized Contributions will remain nonforfeitable and will be subject to all the distribution requirements
for Tax-Deferred Contributions. Recharacterized Contributions will be allocated to the Participant’s Recharacterized Contribution Account as of the last day of the Plan Year for which they are recharacterized. Amounts may not be recharacterized
by a Highly-Compensated Employee to the extent that such amount in combination with other Tax-Deferred Contributions and/or nondeductible employee contributions made by the Employee would exceed any stated limit under the Plan. 

Recharacterization must occur no later than 2-1/2 months after the last day of the Plan Year in which such Excess Contributions arose.
Recharacterization is treated as occurring only when the Plan Administrator reports the recharacterized Excess Contributions as nondeductible employee contributions to the Internal Revenue Service and to the Employee by timely providing such Federal
tax forms and accompanying instructions and timely taking such other action as is prescribed by applicable guidance published in the Internal Revenue Bulletin and in the applicable tax forms and instructions. 

E. Nondiscrimination Test Applicable to Employer Matching Contributions. 

The maximum Employer Matching Contributions that may be allocated to Highly-Compensated Employees are subject to the requirement that they meet one of
the following tests: 
 (1) The Actual Contribution Percentage for the group of Highly-Compensated Employees who
are Participants for the Plan Year for Employer Matching Contribution purposes may not be more than the Actual Contribution Percentage for the group of non-Highly- Compensated Employees who are Participants for Employer Matching Contribution
purposes for the current Plan Year multiplied by 1.25; or 
 (2) The excess of the Actual Contribution Percentage
for the group of Highly- Compensated Employees who are Participants for Employer Matching Contribution purposes for the Plan Year over the Actual Contribution Percentage for the group of non-Highly- Compensated Employees who are Participants for
Employer Matching Contribution purposes for the current Plan Year may not be more than two percentage points, and the Actual Contribution Percentage for the group of Highly-Compensated Employees who are Participants for Employer Matching
Contribution purposes for the Plan Year may not be more than the Actual Contribution Percentage of the group of non-Highly-Compensated Employees who are Participants for Employer Matching Contribution purposes for the current Plan Year multiplied by
two. 
 For purposes of this Paragraph, the following definitions shall apply: 

  
 17 

 (a) “Actual Contribution Percentage” or “ACP” shall mean
the average of the Contribution Percentages of the Eligible Participants in a group; 
 (b) “Contribution
Percentage” shall mean the ratio (calculated separately for each Participant and expressed as a percentage) of the Participant’s Contribution Percentage Amounts to the Participant’s Compensation for the Plan Year; 

(c) “Contribution Percentage Amounts” shall mean the sum of Employer Matching Contributions and Qualified
Matching Contributions, if applicable (to the extent not taken into account for purposes of the ADP test) made under this Plan on behalf of the Participant for the Plan Year. Such Contribution Percentage Amounts shall not include Employer Matching
Contributions that are forfeited either to correct Excess Aggregate Contributions or because the contributions to which they relate are excess deferrals, or Excess Contributions, or Excess Aggregate Contributions. The Employer may include all or any
portion of Tax-Deferred Contributions and Qualified Nonelective Contributions in the Contribution Percentage Amounts, provided that if the Employer elects the Current Year Testing Method only such Tax-Deferred Contributions and Qualified Nonelective
Contributions as are needed to meet this ACP test shall be included. The ADP test must be met before the Tax-Deferred Contributions are used in the ACP test and continue to be met following the exclusion of those Tax-Deferred Contributions that are
used to meet the ACP test; 
 (d) “Eligible Participant” shall mean any Employee who is eligible to
make Tax-Deferred Contributions (if the employer takes such contributions into account in the calculation of the Contribution Percentage), or to receive Employer Matching Contributions or a Qualified Matching Contribution; 

(e) “Compensation” shall mean compensation as defined in Code Section 414(s) and in the seventh through
last subparagraphs of Article II, Paragraph F, of the Plan. 
 (f) “Excess Aggregate Contributions”
shall mean, with respect to any Plan Year, the excess of: 
 (i) the aggregate Contribution Percentage Amounts
taken into account in computing the numerator of the Contribution Percentage actually made on behalf of Highly-Compensated Employees for the Plan Year over 
 (ii) the maximum Contribution Percentage Amounts permitted by the ACP test determined by hypothetically reducing Contribution Percentage Amounts made on behalf of Highly-Compensated Employees in order of
their Contribution Percentages beginning with the highest of such percentages, reducing the contributions until the percentage equals the next highest Contribution Percentage, reducing the contributions of both until they equal the next highest
percentage, and proceeding in the same manner until the maximum permitted amount of such contribution is achieved. Such determination shall be made after first determining excess Tax-Deferred Contributions and then determining Excess Contributions
pursuant to Paragraph D of this Article IV. 

  
 18 

 For purposes of this section, the Contribution Percentage for any Participant who is a
Highly-Compensated Employee and who is eligible to have Contribution Percentage Amounts allocated to his or her account under two or more plans described in Code Section 401(a), or arrangements described in Code Section 401(k) that are
maintained by the Employer, shall be determined as if the total of such Contribution Percentage Amounts was made under each plan and arrangement. If a Highly-Compensated Employee participates in two or more such plans or arrangements that have
different plan years, all Contribution Percentage Amounts made during the Plan Year under all such plans and arrangements shall be aggregated. For Plan Years beginning before 2006, all such plans and arrangements ending with or within the same
calendar year shall be treated as a single plan or arrangement. Notwithstanding the foregoing, certain plans shall be treated as separate if mandatorily disaggregated under regulations under Code Section 401(m). 

In the event that this Plan satisfies the requirements of Code Sections 401(m), 401(a)(4) or 410(b) only if aggregated with one or more
other plans, or if one or more other plans satisfy the requirements of such sections of the Code only if aggregated with this Plan, then this section shall be applied by determining the ACP of employees as if all such plans were a single plan. If
more than ten percent of the Employer’s non-Highly Compensated Employees are involved in a plan coverage change as defined in Treas. Reg. 1.401(m)-2(c)(4), then any adjustments to the non-Highly Compensated Employees’ ACP for the prior
year will be made in accordance with such regulations, unless the Employer has elected to use the Current Year Testing method. Plans may be aggregated in order to satisfy Code Section 401(m) only if they have the same Plan Year and use the same
ACP testing method. 
 Excess Aggregate Contributions shall be distributed in accordance with Paragraph F of this Article IV.

 The Committee may elect, in accordance with IRS Notice 98-1 (or superseding guidance), to use the Actual Contribution
Percentage of the non-Highly-Compensated Employees in the prior Plan Year instead of in the current Plan Year for the foregoing tests. 
 The Employer may elect to make Qualified Nonelective Employer Contributions (called Employer Vested Contributions for purposes of this Plan) that are allocated to the accounts of eligible
Highly-Compensated Employees and/or non-Highly-Compensated Employees in any manner that does not impermissibly discriminate against non Highly-Compensated Employees, and may take into consideration all or any portion of such contributions in order
to meet the nondiscrimination test applicable to Employer Matching Contributions, subject to the requirements of applicable regulations. Such contributions shall be 100% vested, shall be subject to the same restrictions on withdrawal as Tax-Deferred
Contributions, shall meet the requirements of Code Section 401(a)(4) both before and after any portion is used for purposes of meeting the 401(k) and 401(m) nondiscrimination tests, and shall meet the requirements of the applicable regulations.

 F. Distribution of Excess Contributions and Excess Aggregate Contributions. Excess Contributions and vested Excess
Aggregate Contributions, adjusted for allocable income 

  
 19 

 
and losses, shall be distributed within two and one-half (2 1/2) months if reasonably practicable, but in no event later than twelve (12) months, after the end of the Plan Year in which such Excess Contributions or Excess Aggregate
Contributions are made in accordance with the procedures established by the Committee to assure compliance with Code Section 401(k) and Code Section 401(m). Nonvested Excess Aggregate Contributions shall be forfeited. 

The distribution of Excess Contributions shall be accomplished by reducing Tax-Deferred Contributions of the Highly-Compensated
Employee(s) with the greatest dollar amount of Tax-Deferred Contributions until the earliest of the following events occurs: (1) all the Excess Contributions are distributed or (2) such Highly-Compensated Employee’s Tax-Deferred
Contributions equal the Tax-Deferred Contributions of the Highly-Compensated Employee(s) with the next highest dollar amount of Tax-Deferred Contributions, and this process is repeated, if necessary, until the Excess Contributions are returned. The
Committee may first distribute an Employee’s unmatched Tax-Deferred Contributions, and second, distribute an Employee’s matched Tax-Deferred Contributions, distributing Employer Matching Contributions pro rata, adjusted in each case for
allocable income and losses for the Plan Year. 
 The distribution or forfeiture of Excess Aggregate Contributions shall be
accomplished by reducing the actual Employer Matching Contributions of the Highly-Compensated Employee(s) with the highest dollar amount of Employer Matching Contributions until the earliest of the following events occurs: (1) the Excess
Aggregate Contributions are distributed or (2) such Highly-Compensated Employee’s Employer Matching Contributions equal the Employer Matching Contributions of the Highly-Compensated Employee(s) with the next highest dollar amount of
Employer Matching Contributions, and this process is repeated, if necessary, until the Excess Aggregate Contributions are distributed. Such amounts shall be adjusted for allocable income and losses for the Plan Year. 

Allocable income or loss through a date no more than seven (7) days before the date of distribution will be computed using any
reasonable allocation method(s). Provided, however, that the process for calculating the income or loss must not discriminate in favor of Highly-Compensated Employees and must be used consistently for all Participants and for all corrective
distributions under the Plan for the Plan Year. Allocable income or loss for the taxable year with respect to Excess Aggregate Contributions is determined in a similar manner. For Plan Years beginning after December 31, 2007, when distributing
Excess Contributions or Excess Aggregate Contributions, allocable income for the gap period (i.e., the period after the close of the Plan Year in which the Excess Contributions or Excess Aggregate Contributions occurred and prior to the
distribution) shall not be calculated or distributed. 
 The amount of excess deferrals attributable to tax-deferred
contributions that may be distributed by this Plan for the taxable year of the Employee must be reduced by the amount of excess contributions attributable to Employer Matching Contributions previously distributed for the Plan Year beginning with or
within the Employee’s taxable year. 
 This Plan will take a contribution into account for a Plan Year only if it is
allocated to the Participant’s account on a day within the Plan Year. 

  
 20 

 G. Hardship Withdrawals of Employee Pre-Tax Contributions. The Plan Committee may
distribute all or a part of a Participant’s Employee Pre-Tax Contribution Account, prior to the time such Account would otherwise be distributed, upon a showing of immediate and heavy financial hardship by the Participant in accordance with the
provisions of this paragraph. A Participant may not withdraw the earnings on his Employee pre-tax contributions on account of hardship. A Participant’s Employee Pre-Tax Contribution Account for purposes of hardship distributions shall be valued
as provided in Article VII, Paragraph A(4). A hardship distribution (a) must be on account of an immediate and heavy financial need and may not exceed the amount necessary to meet that need, and (b) must be necessary to satisfy a financial
need which the Employee is unable to satisfy from other resources reasonably available to him. An immediate and heavy financial need shall be deemed to exist if the requested distribution is on account of: 

(1) Uninsured medical expenses as defined in Code Section 213 that have already been incurred by the Participant, the
Participant’s Spouse, child (whether or not custodial), a dependent of the Participant, or the designated beneficiary of the Participant, or such expenses that have not already been incurred, provided prepayment of the expenses is necessary to
allow such persons to obtain medical services; 
 (2) Purchase of the Participant’s principal residence
(excluding mortgage or loan payments); 
 (3) Payment of tuition, room and board expenses, and related
educational fees for the next twelve months of post secondary education for the Participant, the Participant’s Spouse, child, dependent, or designated beneficiary, including graduate school and any approved trade or technical school;

 (4) Payment to prevent eviction of the Participant from his principal residence or foreclosure of a mortgage
or other financing lien on the Participant’s principal residence; 
 (5) Payment of burial or funeral
expenses for the Participant’s deceased parent, Spouse, child, dependent, or designated beneficiary; 
 (6)
Expenses for the repair of damage to the Participant’s principal residence that would qualify as a casualty loss deduction under Code Section 165 (determined without regard to whether the loss exceeds 10% of the Participant’s adjusted
gross income); or 
 (7) Any other deemed immediate and heavy financial need that may be prescribed by the
Commissioner of Internal Revenue through the publication of revenue rulings, notices, and other documents of general applicability. 
 Such a distribution may include an amount necessary to pay taxes and penalties on the distribution. 
 Hardship distributions shall be administered by the Committee in accordance with uniform and nondiscriminatory standards applicable to all Participants. 

  
 21 

 Any Participant making a hardship withdrawal as permitted hereunder may not make additional
Employee contributions (including Section 401(k) pre-tax contributions) to this or any other plan maintained by the Employer for a period of six (6) months from the date of such withdrawal. Effective January 1, 2008, following the end
of such a six-month period, a Participant may affirmatively elect to restart his Employee pre-tax contributions as soon as administratively feasible following the end of such six-month period, provided that prior to the date such Employee pre-tax
contributions recommence and within the timeframe required by the Committee he elects to make Employee pre-tax contributions by following the procedures designated by the Committee. 

H. Date of Payment. The Employer shall pay to the Trustee, within the time provided by law for filing of the
Employer’s income tax return (including extensions), the amount to be contributed pursuant to Paragraphs A and C. 
 The
Employer shall pay to the Trustee, within the time required by law for 401(k) contributions, Employee pre-tax contributions for each such pay period on behalf of all Participants pursuant to Paragraph B of this Article IV. 

The Trustee shall not be responsible for determining the amount of any Plan contributions nor for collecting contributions not
voluntarily paid to the Trustee. 
 I. Profit Sharing Plan. This Plan is designed to qualify as a profit sharing plan for
purposes of Code Section 401(a), 402, 412, and 417. However, notwithstanding any Plan provision to the contrary, all contributions shall be made without regard to current or accumulated earnings and profits. 

ARTICLE V 

Participant’s Accounts, 
 Valuation, Maximum Contribution 
 A. Participant’s Accounts.
The Committee or its delegate shall maintain a separate Participant-Directed Profit Sharing Account, a separate Employee Pre-Tax Contribution Account, a separate Employer Matching Contribution Account, and a separate Rollover Account, where
applicable for each Participant, which accounts shall reflect the Participant’s Accrued Benefit. The Committee shall furnish each Participant who requests the same in writing a statement reflecting, on the basis of the latest available
information, his Accrued Benefit and the nonforfeitable portion thereof or if no benefits are nonforfeitable, the earliest date on which benefits will be nonforfeitable. Only one such statement need be furnished a Participant each 12 months. The
Employer may appoint the Trustee or any qualified third party to perform recordkeeping functions. 
 B. Allocations of
Contributions. 

  
 22 

 1. Allocation of Employer Discretionary Profit Sharing Contributions.
The Employer’s discretionary Profit Sharing contributions, if any, for a Plan Year pursuant to Paragraph A of Article IV shall be allocated to the Participant-Directed Profit Sharing Account of each Participant who is an Active Participant (as
defined in Paragraph C of this Article V) in the proportion that each Active Participant’s Compensation during the Plan Year bears to the total Compensation of all such Active Participants during such Plan Year. If a person became enrolled as a
Participant during a Plan Year on a date other than the first day of the Plan Year, only that portion of his Compensation attributable to Hours of Service performed while he was a Participant shall be considered in determining his allocation of the
Employer’s discretionary Profit Sharing contribution to his Participant-Directed Profit Sharing Account for such Plan Year. 
 2. Allocation of Employer Matching Contributions. The Employer matching contributions if any, for a Plan Year pursuant to Paragraph C of Article IV shall be allocated to the Employer
Matching Contribution Account of each Participant who is an Active Participant (as defined in Paragraph C of Article IV). 

C. Active Participants Receive Allocations of Employer Discretionary Profit Sharing Contributions. Only an Active Participant
shall be entitled to share in the Employer’s discretionary profit sharing contributions, if any, for a particular Plan Year pursuant to Paragraph A of Article IV. For purposes of receiving Employer discretionary profit sharing contributions, an
Active Participant means a Participant, employed on the Anniversary Date, who completes a Year of Service during the Plan Year; provided, that if a Participant became enrolled in the Plan on the mid-year Enrollment Date, he shall be deemed an Active
Participant for that Plan Year if he completes 1,000 or more Hours of Service as an Employee during that Plan Year and is employed on the Anniversary Date. 
 If the Participant’s failure to complete a Year of Service in the Plan Year results from his death, disability as defined in Paragraph C of Article VII, retirement on or after age 62 while fully
vested, or retirement on or after age 65, he shall be considered an Active Participant for such year. 
 D. Trust Valuation.

 As of each Valuation Date, the Trustee shall determine the fair market value of the trust assets allocated to
Participants’ Employee Pre-Tax Contribution Accounts, Participant-Directed Profit Sharing Accounts, Employer Matching Contribution Accounts, and Rollover Accounts in order to determine the percentage of increase or decrease in the fair market
value of such assets when compared with the fair market value of such assets as of the immediately preceding Valuation Date. The cumulative amount allocated as of the preceding Valuation Date to the Employee Pre-Tax Contribution Account, where
applicable, the Participant-Directed Profit Sharing Account, where applicable, the Employer Matching Contribution Account, where applicable, and the Rollover Account, where applicable, of each Participant shall be adjusted to reflect the increase or
decrease, as the case may be, by multiplying such account by the percentage so determined. The Employer, the Committee, and the Trustee do not in any manner 

  
 23 

 
or to any extent whatever warrant, guarantee, or represent that the value of a Participant’s account or accounts shall at any time equal or exceed the amount previously contributed thereto.

 E. Maximum Contributions. 

1. Annual Addition. The term “annual addition” for any Plan Year means the sum of: 

a. The Employer’s contributions on a Participant’s behalf to the Employer’s defined contribution plan(s)
(any profit sharing and money purchase pension plans) including Employee pre-tax contributions hereunder; 
 b.
The Participant’s voluntary nondeductible contributions, if any, to the defined contribution plan(s) maintained by the Employer; 
 c. Amounts allocated for a Plan Year beginning after March 31, 1984, to a Code Section 415(1)(2) individual medical account that is part of a pension or annuity plan maintained by the Employer;
and 
 d. Amounts paid or accrued after December 31, 1985, in taxable years ending after that date, for
post-retirement benefits allocated to a separate account in a Code Section 419(e) welfare benefit fund maintained by the Employer. These amounts will not be subject to the present limitations of Code Section 415(c)(l)(B). 

Notwithstanding any provisions of this Paragraph E to the contrary, except to the extent permitted under Article IV, Paragraph B, and
Section 414(v) of the Code, if applicable, the annual addition that may be contributed or allocated to a Participant’s accounts under the Plan for any Plan Year shall not exceed the lesser of: (a) $40,000, as adjusted for increases in
the cost-of-living under Section 415(d) of the Code (i.e., $49,000 for 2010), or (b) 100 percent of the Participant’s Compensation, for purposes of Code Section 415. The compensation limit referred to in (b) shall not apply
to (i) any contributions for medical benefits after separation from service (within the meaning of Code Section 401(h) or Code Section 419A(f)(2)) and which are otherwise treated as an Annual Addition; or (ii) any amount
otherwise treated as an Annual Addition under Code Section 415(l)(1) or 419A(d)(2). 
 2. Excess Annual
Addition. The 415 correction methods set forth in this Article V, Paragraph E.2, shall only apply with respect to limitation years beginning before July 1, 2007. If, as a result of a reasonable error in estimating a Participant’s
Compensation, or other facts and circumstances to which Code regulation Section 1.415-6(b)(6) shall be applicable, the annual addition for a Participant exceeds the applicable limitations for the Plan Year, the annual addition shall be reduced
as follows: 
 a. The amount of such excess consisting of the Employee’s unmatched Employee pre-tax
contributions shall be paid to the Employee as soon as administratively feasible. 

  
 24 

 b. The amount of any remaining excess consisting of matched Employee pre-tax
contributions on behalf of an Employee and Employer matching contributions on behalf of such Employee shall be reduced pro rata (currently $.50 of Employer matching contributions for every one dollar of matched Employee pre-tax contributions). Such
Employee pre-tax contributions shall be paid to the Employee as soon as administratively feasible, and such Employer matching contributions shall be allocated to a suspense account as forfeitures and applied as provided in (c) below).

 c. The amount of any remaining excess consisting of Employer discretionary Profit Sharing contributions to
this Plan shall be allocated to a suspense account as forfeitures and held therein until the next succeeding date on which such forfeitures could be applied to reduce future Employer contributions under this Plan. In the event of termination of the
Plan, the suspense account shall revert to the Employer. 
 The limitation year is the Plan Year. Notwithstanding any other
provisions, the Employer shall not contribute any amount that would cause an allocation to the suspense account as of the date the contribution is allocated. If the contribution is made prior to the date as of which it is to be allocated, then such
contribution shall not exceed an amount that would cause an allocation to the suspense account if the date of contribution were an allocation date. If an allocation is made to such suspense account, it shall contain no investment gains and losses or
other income. Amounts in the suspense account are allocated as of each allocation date on which forfeitures may be allocated until the account is exhausted. 
 3. For the purpose of this Paragraph E, the following rules shall control: 
 a. The $40,000 maximum ($49,000 in 2010) shall be deemed adjusted for any Plan Year to conform to increases in the cost of living in accordance with regulations to be adopted by the Secretary of Treasury.

 b. All qualified defined benefit plans (whether terminated or not) ever maintained by the Employer shall be
treated as one defined benefit plan, and all qualified defined contribution plans (whether terminated or not) ever maintained by the Employer shall be treated as one defined contribution plan. 

c. If the Employer is a member of a controlled group of corporations, trades or businesses under common control (as
defined by Code Section 1563(a) or Code Section 414(b) and (c) as modified by Code Section 415(h)) or is a member of an affiliated service group (as defined by Code Section 414(m)), all employees of such employers shall be
considered to be employed by a single employer. 
 F. Forfeitures and Reinstatement of Forfeitures. On each Anniversary
Date, the nonvested Accrued Benefit of each Participant with respect to whom an Event of Forfeiture has occurred and who is not in the employ of the Employer on the Anniversary Date shall be forfeited. If a Participant terminates employment with the
Employer, incurs an Event of Forfeiture, is thereafter reemployed, and has not incurred five consecutive One-Year Breaks in Service as of the Anniversary Date coinciding with or following the date of his reemployment,

  
 25 

 
the forfeited dollar amount of his Accrued Benefit shall be reinstated as if that nonvested dollar amount of his Accrued Benefit had not been forfeited, provided the terminated Participant repays
the vested dollar amount of his Accrued Benefit previously distributed to him, which was attributable to Employer contributions, back to the Plan Trustee to be credited to the Participant. Any required repayment shall be made in cash and shall be
repaid to the Participant’s Participant-Directed Profit Sharing Account, and Employer Matching Contribution Account, as applicable. Any required repayment must occur before the earlier of (1) the date five years after the first date on
which the Participant is subsequently re-employed by the Employer, or (2) the date the Participant would have incurred five consecutive One-Year Breaks in Service following the date of the distribution had he not been re-employed. Reinstatement
of a Participant’s forfeited Accrued Benefit in accordance with this Paragraph I shall occur on the Anniversary Date coinciding with or following such Participant’s date of repayment by allocating the required amount to the
Participant’s Participant-Directed Profit Sharing Account, and Employer Matching Contribution Account, as applicable, first, from forfeitures of Employer Matching Contributions occurring on such Anniversary Date, second, from Trust earnings
allocated as of such Anniversary Date, and third, from extraordinary Employer contributions as required. 
 Forfeitures of
amounts in Participants’ Participant-Directed Profit Sharing Accounts and Employer Matching Contribution Accounts shall be applied first to offset eligible Plan expenses in the Plan Year of the forfeiture or the Plan Year immediately following
and then to reinstate any nonvested Accrued Benefits required to be reinstated for the Plan Year of the forfeiture or the Plan Year immediately following. Any remaining forfeitures shall be applied to reduce future Employer contributions.

 ARTICLE VI 
 Nonforfeitable Accrued Benefit 
 A. Allocations Not Vested.
Allocations to Participants in accordance with the provisions of Article V shall not vest any right or title to any part of the assets of the Trust. 
 B. Vesting Period. A Participant’s Employee Pre-Tax Contribution Account and Rollover Account, if applicable, shall be 100% vested at all times. A Participant’s Participant- Directed
Profit Sharing Account shall vest in accordance with the following schedule: 
  

					
	 Completion of 1 Year of Service
	  	 	0	% 
	 Completion of 2 Years of Service
	  	 	0	% 
	 Completion of 3 Years of Service
	  	 	20	% 
	 Completion of 4 Years of Service
	  	 	40	% 
	 Completion of 5 Years of Service
	  	 	60	% 
	 Completion of 6 Years of Service
	  	 	80	% 
	 Completion of 7 Years of Service
	  	 	100	% 

 Notwithstanding the
foregoing, effective with respect to a Participant who completes at least one Hour of Service on or after January 1, 2007, such Participant’s Participant-Directed Profit Sharing Account shall vest in accordance with the following schedule:

  
 26 

					
	 Completion of 1 Year of Service
	  	 	20	% 
	 Completion of 2 Years of Service
	  	 	40	% 
	 Completion of 3 Years of Service
	  	 	60	% 
	 Completion of 4 Years of Service
	  	 	80	% 
	 Completion of 5 Years of Service
	  	 	100	% 

 A Participant’s
Employer Matching Contribution Account shall vest in accordance with the following schedule: 
  

					
	 Completion of 1 Year of Service
	  	 	20	% 
	 Completion of 2 Years of Service
	  	 	40	% 
	 Completion of 3 Years of Service
	  	 	60	% 
	 Completion of 4 Years of Service
	  	 	80	% 
	 Completion of 5 Years of Service
	  	 	100	% 

 In crediting Years of
Service to determine a Participant’s nonforfeitable Accrued Benefit, the Committee shall apply the following rules using the Vesting Computation Period for purposes of determining Years of Service and One-Year Breaks in Service: 

1. Except as specifically hereinafter provided, all of an Employee’s Years of Service with the Employer both prior to
becoming a Participant and thereafter shall be taken into account. Certain Employees’ Years of Service with certain predecessor employers and acquired entities have been taken into account, as provided in this Plan prior to the Effective Date,

 2. In the case of a Participant who terminates employment with the Employer and has no nonforfeitable right to
an Accrued Benefit, the Employer shall not give credit for Years of Service occurring before a One-Year Break in Service if, on the date the Participant first completes an Hour of Service following the date of termination, the number of his
consecutive One-Year Breaks in Service equals or exceeds the aggregate number of Years of Service (whether or not consecutive) prior to the last such break if the number of consecutive One-Year Breaks in Service is five or more. Years of Service
before the break shall not include Years of Service not required to be taken into account by reason of any other rule under this Paragraph B. 
 3. The Employer shall give credit for Years of Service which are not disregarded under subparagraph 2 upon the Participant’s reemployment date, which shall be the date on which he completes one Hour
of Service after his termination of employment. 
 4. The nonforfeitable percentage of a Participant’s
Accrued Benefit derived from Employer contributions made prior to five consecutive One-Year Breaks in Service shall be determined without regard to Years of Service occurring after such five consecutive One-Year Breaks in Service. Separate
accounting shall be maintained for the pre-break Accrued Benefit. 
 C. Amendment to Vesting Computation Period or
Vesting Schedule. The Employer may amend the Plan to provide for a different Vesting Computation Period so long as the new Vesting Computation Period, as amended, begins prior to the last day of the preceding Vesting Computation Period. No Plan
amendment shall reduce a Participant’s nonforfeitable 

  
 27 

 
Accrued Benefit. If the Plan vesting schedule is amended or the Plan is amended in any way that directly or indirectly affects the computation of a Participant’s nonforfeitable percentage,
or if a different vesting schedule is applicable because a previously Top-Heavy Plan is no longer Top-Heavy, each Participant with at least three (3) Years of Service with the Employer may elect, within a reasonable period after the adoption of
the amendment, to have his nonforfeitable Accrued Benefit (accrued before and after the amendment) computed under the Plan without regard to such amendment. The period during which the election may be made shall commence with the date the amendment
is adopted and shall end on the later of: 
 1. Sixty (60) days after the amendment is adopted; 

2. Sixty (60) days after the amendment becomes effective; or 

3. Sixty (60) days after the Participant is issued written notice of the amendment by the Employer or Committee.

 D. Full Vesting. Upon a Participant’s death while still employed by the Employer, disability while still employed
by the Employer, or attainment of normal retirement age while still employed by the Employer, the full amount credited to the Participant’s Participant-Directed Profit Sharing Account and Employer Matching Contribution Account pursuant to
Article V shall become fully vested and nonforfeitable. 
 In the case of a death occurring on or after January 1, 2007, if
a Participant dies while performing qualified military service (as defined in Code Section 414(u)), the Participant’s survivors are entitled to any additional benefits (other than benefit accruals relating to the period of qualified
military service), such as full vesting upon death, provided under the Plan as if the Participant had resumed and then terminated employment on account of death. 
 E. Participant’s Commencement of Excluded Employment. In the event a Participant transfers to an employment category excluded under Article III, the following shall control: 

1. For purposes of determining the Participant’s right to, and the amount of an allocation of the Employer
contribution, Hours of Service performed and Compensation received while the Participant was in a category excluded under Article III hereof shall not be counted. 

2. For purposes of determining the Participant’s nonforfeitable Accrued Benefit, Hours of Service performed while the
Participant was in an excluded category shall be counted. 
 F. Transfer of Participants. The transfer of a Participant
from the employ of one Employer co-sponsoring the Plan to another Employer co-sponsoring the Plan shall for no purpose constitute a termination of employment hereunder for vesting purposes, nor shall such Participant receive a distribution from this
Plan until such time as he terminates employment with all such Employers. The respective Employers shall notify the Committee of the transfer of 

  
 28 

 
employment, and the Committee shall adjust its records accordingly. If an Active Participant shall transfer during a Plan Year, he shall receive an allocation of each of his Employer’s
discretionary Profit Sharing contributions (if any) based upon his Compensation from each such Employer if he completes a total of at least 1,000 Hours of Service with Employers co-sponsoring the Plan during the Plan Year and is employed by an
Employer sponsoring the Plan on the Anniversary Date. 
 ARTICLE VII 

Distribution of Benefits 
 A. Retirement Age and Options. The normal retirement age shall be age 65 for all Participants, and each Participant or former Participant shall be entitled to retire the first day of the month
coinciding with or following attainment of normal retirement age, which day shall be his Normal Retirement Date. 

1. Employment After Normal Retirement Age. If a Participant continues in the employ of the Employer beyond his
Normal Retirement Date, he shall, pursuant to the terms of this Plan, continue to share in any Employer discretionary Profit Sharing contributions and increases and decreases in value, including fees and expenses until actual retirement and may
elect Employee pre-tax contributions and receive Employer matching contributions hereunder. 

a. Election to Receive Benefits While Still Employed. A Participant who has attained age 70 1/2 may elect in writing to receive his Accrued Benefit
prior to his actual retirement date in accordance with procedures established by the Committee; such a Participant shall continue to share in any Employer discretionary Profit Sharing contributions and increases and decreases in value, including
fees and expenses, until actual retirement and may elect Employee pre-tax contributions and receive Employer matching contributions hereunder. 

b. Required Receipt of Benefits. The required beginning date of a Participant is
the later of the April 1 of the calendar year following the calendar year in which the Participant attains age 70 1/2 or retires except that benefit distributions to a more than five percent (5%) owner (as defined in Code Section 416) must commence by the April 1 of the calendar
year following the calendar year in which the Participant attains age 70 1/2. 
 A participant is treated as a more than five
percent (5%) owner for purposes of this section if such participant is a more than five percent (5%) owner as defined in Code Section 416 at any time during the Plan Year ending within the calendar year in which such owner attains age
70 1/2. 

A Participant to whom this subparagraph b. applies shall continue to share in any Employer discretionary Profit Sharing contributions,
and increases and decreases in value, including fees and expenses, until actual retirement, and may elect Employee pre-tax contributions and receive Employer matching contributions hereunder. 

  
 29 

 2. Date of Retired Participant’s First Payment. A Participant
who retires hereunder shall begin receiving his benefits as soon as is reasonably possible after his retirement date but no later than the date sixty (60) days after the close of the Plan Year in which the Participant retires, unless he elects
to defer payment pursuant to subparagraph (3) below. 
 3. Deferral of Benefits.
A Participant who retires hereunder or terminates employment with a nonforfeitable Accrued Benefit in excess of $1,000 shall not be required to receive a distribution without his written consent. The Participant may elect to defer the commencement
of his Plan benefits to a later date, but not later than April 1 of the calendar year following the calendar year in which he attains age 70 1/2. Such a Participant must make this election in writing on a form provided by the Committee. Such election shall include the current amount of the
Participant’s nonforfeitable Accrued Benefit and the date on which payment shall commence. The Participant may change such election prior to the commencement of his deferred benefits, provided payments commence no later than the date required
above. 
 Failure of a Participant to consent to a distribution while a nonforfeitable Accrued Benefit in excess of
$1,000 is immediately distributable shall be deemed an election to defer commencement of payment. 
 4. Form
of Payment. A Participant who is eligible to receive benefits under this paragraph may elect in writing to receive a single payment equal to the Participant’s nonforfeitable Accrued Benefit valued as of the Valuation Date(s) coinciding with
or immediately following the Plan’s receipt of the Participant’s distribution request, except that a Participant who elected to receive installment payments prior to the date that installment payments ceased to be an optional form of
payment under the Plan may continue to receive such installment payments, pursuant to subparagraph 5. below. 

5. Reserved. 
 6. Minimum Required Distribution Under Final Regulations. 
 With respect to
minimum required distributions made on or after the Effective Date as defined in Paragraph 6.a.i below, the following provisions shall apply: 
 a. General Rules. 
 i. Effective Date. The
provisions of this Article VII, Paragraph A.6 will apply for purposes of determining required minimum distributions for calendar years beginning with the 2003 calendar year. 

ii. Precedence. The requirements of this Article VII, Paragraph A.6 will take precedence over any inconsistent
provisions of the Plan as to the required minimum amount payable, provided that any provision of the Plan requiring faster payment or greater payments will remain in effect. 

  
 30 

 iii. Requirements of Treasury Regulations Incorporated. All
distributions required under this Article VII, Paragraph A.6 will be determined and made in accordance with the Treasury regulations under Code Section 401(a)(9). 

iv. TEFRA Section 242(b)(2) Elections. Notwithstanding the other provisions of this Article VII,
distributions may be made under a designation made before January 1,1984, in accordance with Section 242(b)(2) of the Tax Equity and Fiscal Responsibility Act (TEFRA) and the provisions of the Plan that relate to Section 242(b)(2) of
TEFRA. 
 b. Time and Manner of Distribution. 

i. Required Beginning Date, The Participant’s nonforfeitable Accrued Benefit will be distributed, or begin to
be distributed, to the Participant no later than the Participant’s Required Beginning Date, as defined in subparagraph e.v. below. 
 ii. Death of Participant Before Distributions Begin. If the Participant dies before distributions begin, the Participant’s nonforfeitable Accrued Benefit will be distributed, or
begin to be distributed, no later than as follows: 
 A. If the Participant’s surviving spouse is the
Participant’s sole designated beneficiary, then distributions to the surviving spouse will begin by December 31 of the calendar year immediately following the calendar year in which the Participant died, or by December 31 of the
calendar year in which the Participant would have attained age 70-1/2, if later, unless subparagraph iii. below applies. 
 B. If the Participant’s surviving spouse is not the Participant’s sole designated beneficiary, then distributions to the designated beneficiary will begin by December 31 of the calendar
year immediately following the calendar year in which the Participant died, unless subparagraph iii. below applies. 
 C. If there is no designated beneficiary as of September 30 of the year following the year of the Participant’s death, the Participant’s entire nonforfeitable Accrued Benefit will be
distributed by December 31 of the calendar year containing the fifth anniversary of the Participant’s death. 
 D. If the Participant’s surviving spouse is the Participant’s sole designated beneficiary and the surviving spouse dies after the Participant but before distributions to the surviving spouse
begin, this subparagraph ii, other than subparagraph ii.A, will apply as if the surviving spouse were the Participant. 
 For
purposes of this subparagraph ii. and Article VII, Paragraph A.6.d, unless subparagraph ii.D. above applies, distributions are considered to begin on the Participant’s Required Beginning Date. If subparagraph ii.D. above applies, distributions
are considered to begin on the date distributions are required to begin to the surviving spouse under subparagraph ii.A. above. If the Plan permits an annuity contract as a form of payment and

  
 31 

 
distributions under an annuity purchased from an insurance company irrevocably commence to the Participant before the Participant’s Required Beginning Date (or to the Participant’s
surviving spouse before the date distributions are required to begin to the surviving spouse under subparagraph ii.A), the date distributions are considered to begin is the date distributions actually commence. 

iii. Five-Year Rule. If the Participant dies before distributions begin and there is a designated beneficiary,
distribution to the designated beneficiary is not required to begin by the date specified above in subparagraph b.ii., as long as the Participant’s entire nonforfeitable Accrued Benefit will be distributed to the designated beneficiary by
December 31 of the calendar year containing the fifth anniversary of the Participant’s death (“five-year rule”). If the Participant’s surviving spouse is the Participant’s sole designated beneficiary and the surviving
spouse dies after the Participant but before distributions to either the Participant or the surviving spouse begin, this election will apply as if the surviving spouse were the Participant. 

Beneficiaries may elect on an individual basis whether the foregoing 5-year rule or the life expectancy rule specified in
subparagraph b.ii above and subparagraph d.ii below applies to distributions after the death of a Participant who has a designated beneficiary. The election must be made no later than the earlier of (a) December 31 of the calendar year in
which distribution would be required to begin under subparagraph b.ii, or (b) December 31 of the calendar year which contains the fifth anniversary of the Participant’s (or, if applicable, surviving spouse’s) death. If the
beneficiary does not make an election under this Paragraph, distributions will be made in accordance with the five-year rule. 
 A designated beneficiary who is receiving payments under the 5-year rule may make a new election to receive payments under the life expectancy rule until December 31,2003, provided that all amounts
that would have been required to be distributed under the life expectancy rule for all distribution calendar years before 2004 are distributed by the earlier of December 31, 2003 or the end of the 5-year period. 

iv. Forms of Distribution. Unless the Participant’s interest is distributed in the form of an annuity
purchased from an insurance company or in a single sum on or before the Required Beginning Date, then for each distribution calendar year distributions will be made in accordance with Paragraphs A.6.C and A.6.d of this Article VII. If the Plan
permits an annuity contract as a form of payment and the Participant’s interest is distributed in the form of an annuity purchased from an insurance company, distributions thereunder will be made in accordance with the requirements of
Section 401(a)(9) of the Code and the Treasury regulations. 
 c. Required Minimum Distributions During
Participant’s Lifetime. 
 i. Amount of Required Minimum Distribution For Each Distribution Calendar
Year. During the Participant’s lifetime, the minimum amount that will be distributed for each distribution calendar year is the lesser of: 

  
 32 

 A. the quotient obtained by dividing the Participant’s nonforfeitable
Accrued Benefit by the distribution period in the Uniform Lifetime Table set forth in Section 1.401(a)(9)-9 of the Treasury regulations, using the Participant’s age as of the Participant’s birthday in the distribution calendar year;
or 
 B. if the Participant’s sole designated beneficiary for the distribution calendar year is the
Participant’s spouse, the quotient obtained by dividing the Participant’s nonforfeitable Accrued Benefit by the number in the Joint and Last Survivor Table set forth in Section 1.401(a)(9)-9 of the Treasury regulations, using the
Participant’s and spouse’s attained ages as of the Participant’s and spouse’s birthdays in the distribution calendar year. 
 ii. Lifetime Required Minimum Distributions Continue Through Year of Participant’s Death. Required minimum distributions will be determined under this Article VII, Paragraph A.6.c. beginning
with the first distribution calendar year and up to and including the distribution calendar year that includes the Participant’s date of death. 
 d. Required Minimum Distributions After Participant’s Death. 
 i. Death On or After Date Distributions Begin. 
 A.
Participant Survived by Designated Beneficiary. If the Participant dies on or after the date distributions begin and there is a designated beneficiary, the minimum amount that will be distributed for each distribution calendar year after the
year of the Participant’s death is the quotient obtained by dividing the Participant’s nonforfeitable Accrued Benefit by the longer of the remaining life expectancy of the Participant or the remaining life expectancy of the
Participant’s designated beneficiary, determined as follows: 
 1. The Participant’s remaining life
expectancy is calculated using the age of the Participant in the year of death, reduced by one for each subsequent year. 
 2. If the Participant’s surviving spouse is the Participant’s sole designated beneficiary, the remaining life expectancy of the surviving spouse is calculated for each distribution calendar year
after the year of the Participant’s death using the surviving spouse’s age as of the spouse’s birthday in that year. For distribution calendar years after the year of the surviving spouse’s death, the remaining life expectancy of
the surviving spouse is calculated using the age of the surviving spouse as of the spouse’s birthday in the calendar year of the spouse’s death, reduced by one for each subsequent calendar year. 

3. If the Participant’s surviving spouse is not the Participant’s sole designated beneficiary, the designated
beneficiary’s remaining life expectancy is calculated using the age of the beneficiary in the year following the year of the Participant’s death, reduced by one for each subsequent year. 

  
 33 

 B. No Designated Beneficiary. If the Participant dies on or after
the date distributions begin and there is no designated beneficiary as of September 30 of the year after the year of the Participant’s death, the minimum amount that will be distributed for each distribution calendar year after the year of
the Participant’s death is the quotient obtained by dividing the Participant’s entire nonforfeitable Accrued Benefit by the Participant’s remaining life expectancy calculated using the age of the Participant in the year of death,
reduced by one for each subsequent year. 
 ii. Death Before Date Distributions Begin. 

A. Participant Survived by Designated Beneficiary. If the Participant dies before the date distributions begin and
there is a designated beneficiary, the minimum amount that will be distributed for each distribution calendar year after the year of the Participant’s death is the quotient obtained by dividing the Participant’s nonforfeitable Accrued
Benefit by the remaining life expectancy of the Participant’s designated beneficiary, determined as provided in Article VII, Paragraph A.6.d.i above. 
 B. No Designated Beneficiary. If the Participant dies before the date distributions begin and there is no designated beneficiary as of September 30 of the year following the year of the
Participant’s death, distribution of the Participant’s entire nonforfeitable Accrued Benefit will be completed by December 31 of the calendar year containing the fifth anniversary of the Participant’s death. 

C. Death of Surviving Spouse Before Distributions to Surviving Spouse Are Required to Begin. If the Participant
dies before the date distributions begin, the Participant’s surviving spouse is the Participant’s sole designated beneficiary, and the surviving spouse dies before distributions are required to begin to the surviving spouse under Article
VII, Paragraph A.6.b.ii.A above, this Article VII, Paragraph A.6.d.ii will apply as if the surviving spouse were the Participant. 
 e. Definitions. 
 i. Designated beneficiary. The
individual who is designated as the beneficiary under Article VII, Paragraph B of the Plan (including any individual who is a default beneficiary identified under Article VII, Paragraph B of the Plan), and is the designated beneficiary under Code
Section 401(a)(9) and Section 1.401(a)(9)-4, Q&A-l, of the Treasury regulations. 
 ii.
Distribution calendar year. A calendar year for which a minimum distribution is required. For distributions beginning before the Participant’s death, the first distribution calendar year is the calendar year immediately preceding the
calendar year which contains the Participant’s Required Beginning Date. For distributions beginning after the Participant’s death, the first distribution calendar year is the calendar year in which distributions are required to begin under
Article VII, Paragraph A.6.b.ii. The required minimum distribution for the Participant’s first distribution calendar year will be made on or before the Participant’s Required Beginning Date. The required minimum distribution for other
distribution calendar 

  
 34 

 
years, including the required minimum distribution for the distribution calendar year in which the Participant’s Required Beginning Date occurs, will be made on or before December 31 of
that distribution calendar year. 
 iii. Life expectancy. Life expectancy as computed by use of the
Single Life Table in Section 1.401(a)(9)-9 of the Treasury regulations. 
 iv. Participant’s
nonforfeitable Accrued Benefit. The Participant’s nonforfeitable Accrued Benefit as of the last Valuation Date in the calendar year immediately preceding the distribution calendar year (valuation calendar year) increased by the amount of
any contributions made and allocated or forfeitures allocated to the nonforfeitable Accrued Benefit as of dates in the valuation calendar year after the Valuation Date and decreased by distributions made in the valuation calendar year after the
Valuation Date. The nonforfeitable Accrued Benefit for the valuation calendar year includes any amounts rolled over or transferred to the Plan either in the valuation calendar year or in the distribution calendar year if distributed or transferred
in the valuation calendar year. 
 v. Required Beginning Date. The date specified in Article VII,
Paragraph A.1.b. of the Plan. 
 B. Death. Each Participant shall designate a beneficiary or beneficiaries on a form to
be furnished by the Committee. The beneficiary of a married Participant shall be his Spouse, unless the Spouse consents in writing to the designation of another specific beneficiary and acknowledges the effect of the consent. The consent shall be
witnessed by a notary public or a Plan representative. Such designation shall be filed with the Committee and may be changed by the Participant from time to time by filing a new designation in writing (together with the Spouse’s consent where
required). The designation last filed with the Committee shall control. 
 If any Participant shall fail to designate a
beneficiary or if the person or persons designated predecease the Participant and there is no designated successor, the Participant’s beneficiary shall be the following in the order named: 

a. Surviving Spouse at date of death, 

b. Then living issue, per stirpes (lawful issue and adopted), 

c. Then living parents, in equal shares, 

d. Brothers and sisters, in equal shares, provided that if any brother or sister is not then living, his or her share
shall be distributed to his or her then living issue, per stirpes, and 
 e. Estate of the Participant.

 1. Death Prior to Commencement of Benefits. A Participant’s beneficiary shall receive the
Participant’s nonforfeitable Accrued Benefit in the form of a single lump sum 

  
 35 

 
payment. Such payment shall be valued as of the Valuation Date coinciding with or following the Plan’s receipt of the beneficiary’s distribution request, subject to the following rules:

 a. A beneficiary may elect to have payments commence a reasonable time after the Participant’s death.

 b. All payments to the beneficiary shall be completed by December 31 of the calendar
year in which the fifth anniversary of the Participant’s death occurs, except that such payments may extend beyond that five-year period if the Participant designated a beneficiary who is the Participant’s Spouse, and that beneficiary
elects to have payments commence not later than the later of (a) December 31 of the calendar year in which the Participant would have attained age
70 1/2 or (b) December 31 of the calendar
year in which the fifth anniversary of the Participant’s death occurs. 
 The beneficiary’s election of a Plan
distribution shall be in writing on a form furnished by the Committee. If the beneficiary is the Participant’s Spouse and the Spouse elects to postpone payment of the Participant’s Accrued Benefit, the Spouse shall designate a beneficiary
or beneficiaries in accordance with the provisions of this Paragraph B as if the Spouse was the Participant. If such Spouse dies before payments commence hereunder, the provisions of this Paragraph B shall be applied as if the Spouse was the
Participant. 
 If the Participant’s beneficiary fails to make a written election of a Plan
distribution before December 31 of the calendar year in which the fifth anniversary of the Participant’s death occurs, and the Participant did not designate his Spouse as beneficiary, the Committee shall direct the Trustee to pay the
benefit in a single sum to the Participant’s beneficiary not later than such December 31. If the Participant’s Spouse as designated beneficiary fails to make a written election of a Plan distribution before the later of
(i) December 31 after the Participant would have attained age 70 1/2 or (ii) December 31 of the calendar year in which the fifth anniversary of the death of the Participant occurs, the Committee shall direct the Trustee to distribute the Participant’s
Accrued Benefit in a single sum on or before the later of December 31 of the calendar year in which the Participant would have attained age
70 1/2 or December 31 of the calendar year in
which the fifth anniversary of the death of the Participant occurs. 
 Notwithstanding any provision of this Plan
to the contrary, in the event that a distribution is required to be made to a beneficiary by December 31 of a Plan Year and has not already been made, such required distribution shall be valued as of the Valuation Date coinciding with or
preceding the distribution. 
 Payments shall be in the form described in Paragraph A(4) of this Article. 

Notwithstanding any other provision in this Plan, to the extent permitted by and in accordance with the Code, a Participant or
beneficiary who would have been required to receive a minimum distribution under Code Section 401(a)(9) from this Plan for 2009, will not receive such distribution(s) for 2009, unless the participant or beneficiary affirmatively elects to
receive such distribution(s). In the event that a beneficiary does not elect to receive such a distribution and the five-year rule set forth in Code Section 401(a)(9)(B)(ii) applies to such beneficiary, the

  
 36 

 
five-year period shall be determined without regard to the Plan Year the distribution is suspended. In the event a Participant or beneficiary receives a required minimum distribution that was
eligible for postponement, such distribution shall not be entitled to be directly rolled over, unless it is part of a larger distribution that was subject to direct rollover. In accordance with the Code, this Plan may accept a rollover of minimum
distribution amounts that were subject to postponement. In the absence of an affirmative election by the Participant or beneficiary to receive a 2009 required minimum distribution, such 2009 minimum distributions are suspended. In the event the
provisions of Code Section 401(a)(9)(H) are extended beyond 2009, this paragraph shall apply to all subsequent years that receive relief from the minimum distribution requirement. 

C. Disability. Disability means that a Participant, by reason of mental or physical disability, is incapable of performing the
duties of his customary position with the Employer for an indefinite period which, in the opinion of the Committee, is expected to be of a long continual duration. In the event of disability, said Participant’s Accrued Benefit shall be
distributed to him if he so elects in the same manner as if he had attained full retirement age as provided in Paragraph A above. Such benefit shall be valued as of the Valuation Date(s) coinciding with or following the Plan’s receipt of a
disabled Participant’s distribution election form. Disability shall be established to the satisfaction of the Committee. If the Participant shall disagree with the Committee’s findings, disability shall be established by the certificate of
a physician, selected by the Participant and approved by the Committee, or if the physician selected by the Participant shall not be approved by the Committee, then by a majority of three physicians, one selected by the Participant (or his Spouse,
child, parent, or legal representative in the event of his inability to select a physician), one by the Committee, and the third by the two physicians selected by the Participant and the Committee. 

D. Termination of Employment. In the event a Participant voluntarily or involuntarily terminates employment with a nonforfeitable
Accrued Benefit of $1,000 or less, the Participant shall be paid such nonforfeitable Accrued Benefit in a single cash payment valued as of the Valuation Date(s) coinciding with or immediately following his termination of employment, with such
payment made as soon as reasonably possible after such Valuation Date(s). If such a Participant’s nonforfeitable Accrued Benefit exceeds $1,000, such benefit shall be paid in a single sum subject to the terms of Paragraph A.4 of this Article at
such time as the Participant elects to commence distribution of his vested Accrued Benefit, but in no event shall such benefit be paid later than April 1 of the calendar year following the calendar year in which he attains age 70-1/2 as
provided in Paragraph A.3 of this Article. 
 If the Participant’s nonforfeitable Accrued Benefit exceeds $1,000 at the
time it first becomes available for distribution, such benefit shall be paid as provided in Paragraph A(4) of this Article within 60 days after the close of the Plan Year in which the Participant attains Normal Retirement Age, unless the Participant
consents to an earlier distribution or elects to defer payments as provided in Paragraph A(3) of this Article. 

  
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 If, at the time a Participant terminates employment, the Participant has completed 1,000
Hours of Service in the Plan Year, the vesting percentage used to compute his distribution shall reflect an additional Year of Service. 
 The Committee shall file such reports with the Secretary of Labor and Treasury and provide such information to a terminated Plan Participant as is required by law and regulations. 

Anything in this Article VII, Paragraph D to the contrary notwithstanding, the forfeitable portion of a Participant’s account shall
be subject to the forfeiture provisions of Article V, Paragraph F. 
 In the event the distribution to a terminated Participant
is less than his Accrued Benefit, the Committee shall transfer the remainder of the terminated Employee’s Accrued Benefit to a separate account which shall be known as the “Termination Account.” At any relevant time prior to the event
of forfeiture, the Participant’s vested portion of his Termination Account shall not be less than an amount (“X”) determined by the following formula: 
 X = P (AB + (R x D)) - (R x D) 
 For purposes of applying the formula: P is
the vested percentage at the relevant time; AB is the Termination Account balance at the relevant time; R is the ratio of the account balance at the relevant time to the account balance after distribution; and D is the amount distributed when the
Employee terminated employment. 
 E. Time of First Payment. Upon death, attainment of normal retirement age by a
Participant who has separated from service with the Employer, termination of employment with a vested Accrued Benefit of $1,000 or less, or receipt by the Committee of a disabled Participant’s election to receive disability benefits,
distribution of the affected Participant’s nonforfeitable Accrued Benefit Participant shall commence as soon as is reasonably possible following the Valuation Date(s) coinciding with or immediately following the date such aforementioned event
occurs. In no event shall distribution commence later than sixty (60) days following the Plan Year in which such aforementioned event occurs, provided, that if a Participant or beneficiary is entitled to elect to defer receipt of such a
distribution pursuant to the provisions of Paragraph A(3) or B of this Article VII and such an election is made, the Participant’s vested Accrued Benefit shall commence as soon as reasonably possible following the Valuation Date coinciding with
or following the Plan’s receipt of the Participant’s or beneficiary’s distribution request. 
 F. Distribution
of Allocation Attributable to Last Year of Participation. The amount, if any, allocated to the Participant’s Accounts for the Plan Year in which an event described in Paragraph E occurs shall be paid no later than sixty days after the end
of such Plan Year, unless the Participant or beneficiary elects to defer the commencement of benefits in accordance with Paragraph A(3) or B of this Article VII, or fails to consent to the distribution as required by this Article. 

  
 38 

 G. Facility of Payment. Every person receiving or claiming benefits under the
Plan shall be conclusively presumed to be mentally competent and of age until the Committee receives written notice, in a form and manner acceptable to it, that such person is incompetent or a minor, and that a guardian, conservator, or other person
legally vested with the care of his estate has been appointed. In the event that the Committee finds that any person to whom a benefit is payable under the Plan is unable to properly care for his affairs, or is a minor, then any payment due (unless
a prior claim therefor shall have been made by a duly appointed legal representative) may be paid to the spouse, a child, a parent, a brother, or a sister, or to any person deemed by the Committee to have incurred expense for such person otherwise
entitled to payment. 
 In the event a guardian or conservator of the estate of any person receiving or claiming benefits under
the Plan shall be appointed by a court of competent jurisdiction, payments shall be made to such guardian or conservator, provided that proper proof of appointment is furnished in a form and manner suitable to the Committee. 

To the extent permitted by law, any payment made under the provisions of this Paragraph G shall be a complete discharge of liability
under the Plan, 
 H. No Reduction in Benefits by Reason of Increase in Social Security Benefits.
Notwithstanding any other provision of the Plan, in the case of a Participant who is receiving benefits under the Plan, or in the case of a Participant who has terminated employment with the Employer and who has a nonforfeitable Accrued Benefit,
such benefits will not be decreased by reason of any increase in the benefit levels payable under Title II of the Social Security Act. 

  
 39 

 ARTICLE VIII 
 Provision Against Anticipation 
 A. No Alienation of Benefits. Until
distribution pursuant to the terms hereof and except as hereinafter provided in this Article VIII, no Participant shall have the right or power to alienate, anticipate, commute, pledge, encumber, or assign any of the benefits, proceeds, or
avails of the funds set aside for him under the terms of this Plan, and no such benefits, proceeds, or avails shall be subject to seizure by any creditor of the eligible Employee under any writ or proceedings at law or in equity. 

B. Qualified Domestic Relations Orders. Notwithstanding any other Plan provision, the following procedures shall apply when any
domestic relations order (entered on or after January 1, 1985) is received by the Plan with respect to a Participant. The Committee may delegate its authority under this Paragraph B to a third party. 

1. The Committee shall promptly notify the Participant, and (a) each person named in the order as entitled to payment
of Plan benefits, and (b) any other person entitled to any portion of the Participant’s Plan benefits (persons referred to in (a) and (b) are hereafter alternate payees) of the receipt of such order and of the Committee’s
procedures for determining the qualified status of the order. The Committee shall permit each alternate payee to designate a representative for receipt of copies of notices. 

2. Immediately upon receipt of such order, the Committee shall direct the Trustee to segregate in a separate account the
amounts which are in pay status and which are payable to the alternate payee under the order. 
 3. The Committee
shall meet promptly after receipt of the order and determine whether the order is a Qualified Domestic Relations Order. The Committee shall promptly notify the Participant and each alternate payee of its decision. A Qualified Domestic Relations
Order is any judgment, decree or order (including approval of a property settlement agreement) that: 
 a.
Relates to the provision of child support, alimony payments, or marital property rights to a spouse, former spouse, child or other dependent of a Participant; 
 b. Is made pursuant to a State domestic relations law (including a community property law); 
 c. Creates or recognizes the existence of an alternate payee’s right to receive all or a portion of a Participant’s Plan benefits; 

d. Clearly specifies (i) the name and last known mailing address, if any, of the Participant, and the name and
mailing address of each alternate payee covered by the order; (ii) the amount or percentage of the Participant’s benefits to be paid by the Plan to each alternate payee, or the manner in which the amount or percentage is to be determined;
(iii) the 

  
 40 

 
number of payments or period to which the order applies; and (iv) the plan to which the order applies; 

e. Does not require the Plan to provide any form of benefit not otherwise provided by the Plan or any increased benefits,
and does not require the payment of benefits to an alternate payee which are required to be paid to another alternate payee under another order previously determined to be a Qualified Domestic Relations Order. 

4. The Committee’s decision shall be final unless the Participant or an alternate payee gives written notice of
appeal within 60 days after receipt of the Committee’s decision. 
 5. If within 18 months an order is
finally determined to be a Qualified Domestic Relations Order, the segregated amounts plus interest (if any) shall be paid to the persons entitled thereto, and thereafter the alternate payee shall receive payments pursuant to the terms of the order.
Amounts subject to the order which are not in pay status shall be transferred to a separate account in the name of the alternate payee and thereafter held for such payee’s benefit pursuant to the terms of the order. If within 18 months the
order is determined not to be a Qualified Domestic Relations Order, or if the issue has not been finally determined, the Committee shall pay the segregated amounts to the person who would have been entitled thereto if there had been no order. Any
determination that an order is qualified after the close of the 18 month period shall be applied prospectively only. 
 6. The Committee’s procedures shall generally conform to the Plan’s claims procedures. 
 7. Notwithstanding any provisions of this Plan to the contrary, an alternate payee pursuant to a Qualified Domestic Relations Order shall be entitled to elect to receive a distribution from the Plan
following the date such order is determined by the Committee to be a Qualified Domestic Relations Order and as specified in such Order. Provided, however, that for purposes of such a distribution, the amount distributed shall be valued as of the
Valuation Date(s) coinciding with or immediately following the Plan’s receipt of the alternate payee’s distribution request, with payment or payment commencing as soon as reasonably possible after such Valuation Date(s). Payments made
pursuant to this paragraph shall not be treated as a violation of the requirements of subsections (a) and (k) of Section 401 or Section 409(d) of the Code. 

8. Effective April 6, 2007, a domestic relations order that otherwise satisfies the requirements for a qualified
domestic relations order will not fail to be a qualified domestic relations order solely because the order is issued after, or revises, another domestic relations order or qualified domestic relations order or solely because of the time at which the
order is issued. 
 C. Assignment of Benefits. A Participant receiving benefits under the Plan may voluntarily make a
revocable assignment not to exceed 10% of any benefit payment so long as the assignment or alienation is not made for purposes of defraying Plan administration costs. 

  
 41 

 ARTICLE IX 
 Loans to Participants 
 A Participant may obtain a loan, first, from his
Rollover Account, second, from his Employee Pre-Tax Contribution Account, and third, from his vested Employer Matching Contribution Account under the Plan, in accordance with the terms of the written Participant loan program established by the
Committee, the terms and conditions of which are included in the Summary Plan Description and incorporated herein by reference. No loan shall be made which does not meet the following requirements: 

A. A Participant shall apply for a loan in writing on a form providing such information as the Committee shall require. 

B. The total amount of the loan, together with the outstanding balance of all other Plan loans to the Participant, shall not exceed the
lesser of (1) $50,000 reduced by the excess, if any, of the highest outstanding balance of loans during the one year period ending on the day before the loan is made over the outstanding balance of loans from the Plan on the date on which such
loan was made, or (2) one-half of the present value of the Participant’s nonforfeitable Accrued Benefit under this Plan. For purposes of the dollar limitations imposed by this Paragraph B, all plans maintained by the Employer and any trade
or business which is a member of a controlled group of trades or businesses or an affiliated service group under Code Sections 414(b), 414(c) and 414(m) shall be treated as one Plan. 

C. Each loan shall bear interest at a commercially reasonable rate as determined by the Committee. In determining the interest rate, the
Committee shall consider interest rates being charged by local financial institutions for similar loans with similar collateral. 
 D. Each loan shall have a definite maturity date and shall be repayable in level installment payments not less frequently than quarterly, except that during an Employer-approved leave of absence, a
Participant may postpone loan payments. The term for repayment shall not exceed five years unless the loan is used to acquire a dwelling unit which within a reasonable time (determined at the time the loan is made) is to be used as the principal
residence of the applicant. In that case, the Committee will determine the term for repayment of such a loan, which shall not exceed the term normally available through financial institutions offering such loans in similar amounts with similar
collateral. 
 E. Interest paid on the loan shall accrue to the account of the Participant. All loans outstanding to a
Participant shall be secured by not more than 50% of the Participant’s nonforfeitable Accrued Benefit with the determination being made as of the date of the loan approval. The Participant’s loan payments shall be reallocated among the
Plan investment funds in accordance with the Participant’s most recent investment directions made pursuant to Article XI of the Plan. 
 F. Loans shall be available to all Participants on a reasonably equivalent basis. Credit-worthiness may be considered. 

  
 42 

 G. Loans shall not be made available to Plan Participants who are Highly Compensated
Employees (as defined in Section 414(q)) in amounts greater than the amount made available to other Plan Participants based upon a uniform percentage of nonforfeitable Accrued Benefits. 

H. If an event occurs which results in a distribution (other than an in-service distribution) to any Participant or former Participant or
to a beneficiary and a loan to such Participant is outstanding, the unpaid balance of the principal and interest shall be deducted from the amount of the distribution. A Participant may prepay his loan in full at any time without penalty.

 I. Loan payments shall be suspended under this Plan as permitted under Code Section 414(u)(4). 

J. The minimum loan that may be made to a Participant is $1,000. 

K. Administrative expenses associated with a Participant’s loan shall be paid directly by the Participant or charged to the
Participant’s Employee Pre-Tax Contribution Account. 
 ARTICLE X 

Administrative Committee - Named 
 Fiduciary and Administrator 
 A. Appointment of Committee. The Board
of Directors of HomeStreet, Inc. shall appoint an Administrative Committee of not fewer than three (3) persons (herein referred to as the “Committee”). The Committee shall perform administrative duties set forth in part hereinafter
and serve for such terms as the Board of Directors may designate or until a successor has been appointed or until removal by the Board of Directors. The Board of Directors shall advise the Trustee in writing of the names of the members of the
Committee and any changes thereafter made in the membership of the Committee. Vacancies due to resignation, death, removal, or other causes shall be filled by the Board of Directors. Members shall serve without compensation for service. All
reasonable expenses of the Committee shall be paid by the Employer. The number of Committee members may be changed by the Board of Directors of HomeStreet, Inc. at any time. 
 B. Committee Action. The Committee shall choose a secretary who shall keep minutes of the Committee’s proceedings and all data, records, and documents pertaining to the Committee’s
administration of the Plan. The Committee shall act by a majority of its members at the time in office, and such action may be taken either by a vote at a meeting or in writing without a meeting. The Committee may by such majority action authorize
its secretary or any one or more of its members to execute any document or documents on behalf of the Committee, in which event the Committee shall notify the Trustee in writing of such action and the name or names of those so designated. The
Trustee thereafter shall accept and rely conclusively upon any direction or document executed by such secretary, member, or members as representing action 

  
 43 

 
by the Committee until the Committee shall file with the Trustee a written revocation of such designation. A member of the Committee who is also a Participant hereunder shall not vote or act upon
any matter relating solely to himself. 
 C. Rights and Duties. The Committee shall be the Plan administrator and named
fiduciary of the Plan and shall have the power and authority in its sole, absolute and uncontrolled discretion to control and manage the operation and administration of the Plan and shall have all powers necessary to accomplish these purposes. The
responsibility and authority of the Committee shall include but shall not be limited to the following: 
 1.
Determining all questions relating to the eligibility of Employees to participate; 
 2. Computing and certifying
to the Trustee the amount and kind of benefit payable to Participants, Spouses and beneficiaries; 
 3.
Authorizing all disbursements by the Trustee from the Trust; 
 4. Establishing and reducing to writing and
distributing to any Participant or beneficiary a claims procedure, and administering that procedure including the processing and determination of all appeals thereunder; 

5. Maintaining all necessary records for the administration of the Plan other than those which the Trustee has
specifically agreed to maintain pursuant to this Plan and Trust Agreement; and 
 6. Interpretation of the
provisions of the Plan and publication of such rules for the regulation of the Plan as in the Committee’s sole, absolute and uncontrolled discretion are deemed necessary and advisable and which are not inconsistent with the terms of the Plan or
ERISA. 
 D. Investments. With respect to the Employee Pre-Tax Contribution Accounts, Participant-Directed Profit Sharing
Accounts, Employer Matching Contribution Accounts, and Rollover Accounts held in the Fund, the Committee shall have the responsibility and authority to direct the Trustee and shall be the named fiduciary with respect to the management and control of
the assets of the Plan in selecting the investment funds to be offered to Plan Participants and in monitoring the investment performance of those funds, subject to the provisions of Paragraph F of this Article X. 

E. Information - Reporting and Disclosure. To enable the Committee to perform its functions, the Employer shall supply full and
timely information to the Committee on all matters relating to the compensation of all Participants, their continuous regular employment, their retirement, death, or the cause for termination of employment, and such other pertinent facts as the
Committee may require, and the Committee shall furnish the Trustee such information as may be pertinent to the Trustee’s administration of the Plan. The Committee as 

  
 44 

 
Plan Administrator shall have the responsibility of complying with the reporting and disclosure requirements of ERISA to the extent applicable. 

F. Standard of Care Imposed Upon the Committee. The Committee shall discharge its duties with respect to the Plan solely in the
interest of the Participants and beneficiaries and (1) for the exclusive purpose of providing benefits to Participants and their beneficiaries and defraying reasonable expenses of the Plan; (2) with the care, skill, prudence, and diligence
under the circumstances then prevailing that a prudent man acting in a like capacity and familiar with such matters would use in the conduct of an enterprise of like character and with like aims; (3) by diversifying the investments of the Plan
so as to minimize the risk of large losses, unless under the circumstances it is clearly prudent not to do so; and (4) in accordance with the Plan provisions. Provided, however, that the Committee shall not be liable for any loss or for any
breach of fiduciary responsibility which results from a Participant’s exercise of control over all or part of the investment of his Employee Pre-Tax Contribution Account, Participant-Directed Profit Sharing Account, Employer Matching
Contribution Account, and Rollover Account. Where a Participant is directing the investment of all or part of such Accounts, the Committee shall have no responsibility to maintain diversification of the self-directed portion of such Accounts.

 G. Allocation and Delegation of Responsibility. The Committee may by written rule promulgated under Paragraph C above
allocate fiduciary responsibilities among Committee members and may delegate to persons other than Committee members the authority to carry out fiduciary responsibilities under the Plan, provided that no such responsibility shall be allocated or
delegated to the Trustee without its written consent. 
 In the event that a responsibility is allocated to a Committee member,
no other Committee member shall be liable for any act or omission of the person to whom the responsibility is allocated except as may be otherwise required by law. If a responsibility is delegated to a person other than a Committee member, the
Committee shall not be responsible or liable for an act or omission of such person in carrying out such responsibility except as may otherwise be required by law. 
 H. Bonding. Where required by law, each fiduciary of the Plan and every person handling Plan funds shall be bonded. It shall be the obligation of the Committee to assure compliance with applicable
bonding requirements. The Trustee shall not be responsible for assuring compliance with the bonding requirements. 
 I.
Claims Procedure. As required by Paragraph C, the Committee shall establish a claims procedure which shall be reduced to writing and provided to any Participant or beneficiary whose claim for benefits under the Plan has been denied. The
procedure shall provide for adequate notice in writing to any such Participant or beneficiary and the notice shall set forth the specific reasons for denial of benefits written in a manner calculated to be understood by the Participant or
beneficiary. The procedure shall afford a reasonable opportunity to the Participant or beneficiary for a full and fair review by the Committee of the 

  
 45 

 
decision denying the claim. The Trustee shall have no responsibility for establishing such a procedure or assuring that it is carried out. 

J. Funding Policy. The Committee shall be responsible for establishing and carrying out a funding policy for the Employer’s
Plan. In establishing such a policy, the short-term and long-term liquidity needs of the Plan shall be determined to the extent possible by considering among other factors the anticipated retirement date of Participants, turnover and contributions
to be made by the Employer. The funding policy and method so established shall be communicated to the Trustee. 
 K.
Indemnification. The Employer does hereby indemnify and hold harmless each Committee member from any loss, claim, or suit arising out of the performance of obligations imposed hereunder and not arising from said Committee member’s willful
neglect or misconduct or gross negligence. 
 L. Compensation, Expenses. The Committee members shall serve without
compensation for services under this Plan. All reasonable expenses of Plan administration shall be paid by the Trust to the extent that the Employer does not elect to pay in accordance with applicable law. Such expenses shall include any expenses
incident to the functioning of the Committee, including but not limited to accountants, actuary, counsel, and other specialists, and other costs of administering this Plan. Provided, however, that the investment fees relating to the acquisition and
disposition of Trust investments shall be a charge against and paid from the appropriate Plan Participants’ accounts. Provided, further, that reasonable administrative fees related to a Participant loan may be charged to that Participant’s
Plan accounts. Provided, that reasonable fees may be charged to Participants’ Plan accounts in accordance with applicable law. 
 ARTICLE XI 
 Investment of Trust Funds 

A. Investment of Employee Pre-Tax Contribution Accounts, Participant-Directed Profit Sharing Accounts, Employer Matching Contribution
Accounts, and Rollover Accounts. For investment purposes, each Participant shall have the right to allocate contributions made to his Employee Pre-Tax Contribution Account, Participant-Directed Profit Sharing Account, Employer Matching
Contribution Account, and Rollover Account, if any, among Plan investment Funds selected by the Committee, in accordance with rules adopted by the Committee and uniformly applied. A Participant may transfer amounts in such Accounts from one
investment Fund to another in such increments and at such times as shall be provided by rules adopted by the Committee and uniformly applied. With respect to the assets in such Accounts of Participants who do not allocate contributions on their
behalf among those Plan investment Funds, such assets shall be invested in the Plan investment Fund(s) selected by the Committee. 
 Without limiting the generality of the foregoing, the Trustee in following a Participant’s instructions in accordance with the terms of this Plan or in following the Committee’s instructions as
to a Participant who does not elect among the available Plan investment Funds, 

  
 46 

 
shall invest and reinvest the principal and income of the Fund in common investment funds (the terms of which are incorporated herein by reference); real estate; government, municipal or
corporation bonds, debentures or notes; common and preferred stocks; interests in investment companies, whether so-called “open-end mutual funds” or “closed-end mutual funds”; or any other form of property, whether real, personal
or mixed, including life insurance policies on key employees of the Employer for, the benefit of the Trust; provided, that the Trustee shall not invest in common or preferred stock, bonds, debentures or convertibles issued by the Employer. The
Committee and the Trustee shall not be liable for any loss or any breach of fiduciary responsibility which results from a Participant’s exercise of control over all or part of his Employee Pre-Tax Contribution Account, Participant-Directed
Profit Sharing Account, Employer Matching Contribution Account, and Rollover Account, if any. 
 B. Standard of Care Imposed
Upon Trustee. The Trustee shall discharge its investment responsibilities hereunder solely in the interests of the Participants and beneficiaries and (1) for the exclusive purpose of providing benefits to Participants and their
beneficiaries, and defraying reasonable expenses of administering the Plan; (2) with the care, skill, prudence and diligence under the circumstances then prevailing that a prudent man acting in a like capacity and familiar with such matters
would use in the conduct of an enterprise of a like character and with like aims; and (3) in accordance with the terms of this Plan and the Trust Agreement. 
 ARTICLE XII 
 Mergers and Consolidations 

In the case of any merger or consolidation with any other plan or a transfer of assets or liabilities to any other plan, each Participant
shall be entitled to receive a benefit immediately after such a merger, consolidation or transfer, which is equal to the benefit he would have been entitled to immediately before if the Plan had been terminated. 

ARTICLE XIII 
 Amendment and Termination of the Plan and Trust 
 A. Right to Amend and
Terminate. HomeStreet, Inc. represents that the Plan is intended to be a continuing and permanent program for Participants, but reserves the right to terminate the Plan or Trust Agreement at any time. The Board of Directors of HomeStreet, Inc.
may modify, alter, or amend this Plan or the Trust Agreement in whole or in part, provided that no such modification, alteration, or amendment shall enlarge the duties or liabilities of the Trustee without its consent, nor reduce the
Participant’s Accrued Benefit hereunder, except to the extent permitted by Code Section 412(c)(8). For purposes of this Article, a Plan amendment which has the effect of (1) eliminating or reducing an early retirement benefit or
retirement-type subsidy, or (2) eliminating an optional form of benefit, with respect to benefits attributable to service before the amendment, shall be treated as reducing the Accrued Benefit. In the case of a retirement-type subsidy, the
preceding sentence shall apply only with respect to a Participant who satisfies (either before or after the amendment) the preamendment conditions for the subsidy. 

  
 47 

 B. No Revesting. No termination, modification, alteration, or amendment shall have
the effect of revesting in the Employer any part of the principal or income of the Trust, except as otherwise permitted by the Plan. 
 C. Exclusive Benefit of Employees. At no time during the existence of this Plan or at its termination may any part of the Trust corpus or income be used for or directed to purposes other than for
the exclusive benefit of the Participants hereof or their beneficiaries. 
 D. Termination. 

1. This Plan shall terminate upon the occurrence of any of the following: 

a. Written notice of HomeStreet, Inc. to the Trustee; 

b. Complete discontinuance of contributions by all of the co-sponsoring Employers; 

c. The dissolution or merger of HomeStreet, Inc. unless a successor to the business agrees to continue the Plan and Trust
by executing an appropriate agreement, in which event such successor shall succeed to all the rights, powers and duties of the Employer. 
 2. In the event that HomeStreet, Inc. is taken over by a successor who agrees to continue the Plan, the employment of any Employee who is continued in the employ of such successor shall not be deemed to
have been terminated or severed for any purpose hereunder. 
 3. Notwithstanding any provision hereof to the
contrary, upon termination or partial termination of the Plan, or upon complete discontinuance of contributions to the Plan, all affected Participants’ Accounts, and all unallocated units, shares, or amounts shall fully vest and become
nonforfeitable. All unallocated assets of the Trust shall be allocated to the Accounts of all Participants as of the next Valuation Date (or if the Plan is being terminated immediately, then on the date of such Plan termination as if it were the
next Valuation Date) in accordance with the provisions of the Plan hereof; and shall be applied for the benefit of each such Participant either by a lump-sum distribution, or by the continuance of the Trust and the payments of benefits thereunder in
the manner provided in the Plan. The Trustee, in consultation with the Committee, shall decide whether a partial termination of the Plan has occurred. 
 After the Plan’s initial qualification by the Internal Revenue Service, there will be no reversion of assets to the Employer under any circumstances. All Participants shall be treated in a manner
consistent with the terms of this Plan and provisions of the Code and applicable regulations, as may be amended from time to time. 
 A Participant shall not receive his Employee Pre-Tax Contribution Account, and any income thereon, on account of Plan termination unless the Plan termination occurs without the establishment or
maintenance of another defined contribution plan (other than an employee stock ownership plan). 

  
 48 

 ARTICLE XIV 
 Top Heavy Plans Defined and Other Definitions 
 A. Top Heavy Plan.
This Plan is Top Heavy and subject to the requirements of this Article and Article XV if for a Plan Year, as of the Determination Date, the Accrued Benefits of Key Employees in this Plan aggregated with the Accrued Benefits of Key Employees in all
qualified plans maintained by the Employer and each member of the Controlled Group exceed 60% of the Accrued Benefits of all employees (excluding Non-Key Employees who were Key Employees in a prior plan year) in all qualified plans maintained by the
Employer and all members of the Controlled Group which are in the Required Aggregation Group (the Top Heavy Test). Provided, the foregoing shall not apply and this Plan shall not be Top Heavy if this Plan is Permissively Aggregated and as a result
the Top Heavy Test results in a percentage of 60% or less. 
 B. Additional Definitions for Use in this Article and Article
XV. 
 1. Accrued Benefits. Accrued Benefits means: 

a. for each defined contribution plan, the Employee’s account balances as of the Valuation Date coinciding with the
Determination Date, adjusted for contributions required to be made under Code Section 412, and to be allocated as of a date not later than the Determination Date, although not yet contributed and 

i. Effective for Plan Years beginning after December 31, 2001 increased by the distributions made with respect to
the Employee under this Plan and any plan aggregated with this Plan under Code Section 416(g)(2) during the 1-year period ending on the Determination Date. 

ii. The preceding shall also apply to distributions under a terminated plan which, had it not been terminated, would have
been aggregated with this Plan under Code Section 416(g)(2)(A)(i). In the case of a distribution made for a reason other than severance from employment, death, or disability, this provision shall be applied by substituting “5-year
period” for “1-year period” and 
 iii. The Accrued Benefits of any individual who has not
performed services for the Employer during the 1-year period ending on the determination date shall not be taken into account. 
 b. for each defined benefit plan, the present value as of the Valuation Date coinciding with the Determination Date of the employee’s accrued benefits determined under (i) the method, if any
that uniformly applies for accrual purposes under all defined benefit plans maintained by the employer, or (ii) if there is no such method, as if such benefit accrued not more rapidly than the slowest accrual rate permitted under the fractional
rule of Section 411(b)(1)(C) of the Code. 

  
 49 

 In computing a. and b., all benefits attributable to Employer Contributions and all benefits
attributable to Employee contributions (excluding deductible Employee contributions, if any) are to be taken into consideration. All such benefits of individuals who have not performed services for the Employer or a member of the Controlled Group
maintaining this Plan any time during the one-year period ending on the Determination Date are not taken into consideration. All distributions made in the Plan Year including the Determination Date are to be added back, including distributions from
a terminated plan of a member of the Controlled Group, and excluding amounts which were rolled over or transferred to a plan of a member of the Controlled Group under circumstances which require such amounts to be considered part of the accrued
benefit under the recipient plan. Rollovers and transfers to this Plan or a plan of a member of the Controlled Group initiated by an Employee and made in the Plan Year including the Determination Date, are not to be taken into consideration in
computing (a) and (b) above. No accrued benefits of a Non-Key Employee with respect to this Plan (or any plan aggregated under Paragraph 7 or 8 below) for a Plan Year shall be taken into consideration if the Non-Key Employee was a Key
Employee with respect to such plan for any prior Plan Year. 
 2. Controlled Group. Controlled Group means
all employers required to be aggregated under Code Section 414(b), (c) or (m). 
 3. Determination
Date. Determination Date means the last day of the Plan Year preceding the Plan Year in question or, in the first Plan Year, the last day thereof. Where plans other than this Plan are in question, the Determination Date for each plan shall be
the last date of the Plan Year that falls within the same calendar year. 
 4. Key Employee. Key Employee
means, effective for Plan Years beginning after December 31, 2001, any Employee or former Employee (including the beneficiary of any such deceased person) who at any time during the Plan Year that includes the Determination Date is or was:

 a. an officer receiving annual Compensation greater than $130,000 (as adjusted under Code
Section 416(i)(1) for Plan Years beginning after December 31, 2001; 
 b. an employee owning more than
five percent of the Employer; 
 c. an employee receiving annual Compensation in excess of $150,000 and owning
one percent of the employer. 
 For this purpose, annual Compensation means Compensation within the meaning of Code
Section 415(c)(3) as set forth in Article II, Paragraph F. The determination of who is a Key Employee will be made in accordance with Code Section 416(i)(1) and the applicable regulations and other guidance of general applicability issued
thereunder. 
 In determining ownership of an employer, the rules of Code Section 318 shall be applied substituting 5
percent for 50 percent in subparagraph (C) of Code Section 318(a)(2). In the case of an unincorporated employer, ownership shall be determined in accordance with regulations 

  
 50 

 
promulgated by the Secretary of the Treasury. Code Section 414(b), (c) and (m) shall not apply for purposes of determining ownership of an employer. 

5. Minimum Benefit Accrual. Minimum Benefit Accrual means a benefit payable in the form of a life annuity at normal
retirement age under a defined benefit plan which equals not less than the lesser of (1) 20% of average Compensation or (2) 2% of average Compensation times Years of Service. Average Compensation means the average of the employee’s
Compensation for the five consecutive years when the employee had the highest aggregate Compensation. A Year of Service is disregarded if this Plan is not Top Heavy for the Plan Year ending during the Year of Service. Compensation in years following
the last Plan Year in which this Plan is top heavy is not taken into account. 
 6. Non-key Employee.
Non-key Employee means any employee who is not a Key Employee. 
 7. Permissively Aggregated. Permissively
Aggregated means: 
 a. the Required Aggregation Group; and 

b. such additional plans that may be aggregated without violating the requirements of Code Sections 410 and 401(a)(4).

 8. Required Aggregation Group. Required Aggregation Group means: 

a. all qualified plans of the employer and each member of the Controlled Group in which a Key Employee is a participant;
and 
 b. each other qualified plan that must be considered along with the plans in (a) in order for this
Plan to meet the requirements of Code Sections 410(b) or 401(a)(4). 
 ARTICLE XV 

Additional Requirements 
 Applicable to Top Heavy Plans 
 A. Minimum Vesting Requirements. For
each Plan Year that the Plan is subject to the provisions of this Article, a Participant’s nonforfeitable Accrued Benefit in his Participant-Directed Profit Sharing Contribution Account and his Employer Matching Contribution Account, if any
shall be determined in accordance with the following schedule: 
  

					
	 Years of
 Service
	  	Nonforfeitable %	 
	 0
	  	 	0	% 
	 1
	  	 	20	% 
	 2
	  	 	40	% 

  
 51 

					
	 3
	  	 	60	% 
	 4
	  	 	80	% 
	 5
	  	 	100	% 

 B. Minimum Employer
Contributions. 
 1. General Rule. Except as provided in Paragraphs 2. and 3. hereof, for each Plan
Year that this Plan is subject to the provisions of this Article, each Non-Key Employee Participant shall receive an allocation (Minimum Employer Contribution), without regard to any Social Security contribution, to his Employer Discretionary
Contribution Account of the lesser of: 
 a. three percent of his Compensation (as defined in Article II,
Paragraph F), or 
 b. the highest percentage of Compensation (as defined in Article II, Paragraph F) allocated
to the account of a Key Employee. This subparagraph b. shall not apply and the required contribution shall be 3% if exclusion of this Plan from the Required Aggregation Group would cause a defined benefit plan in the Required Aggregation Group to
fail to meet the requirements of Code Section 401(a)(4) or 410. 
 In applying this Paragraph 1, failure of a Participant
to complete a Year of Service, make mandatory contributions, if required, or receive Compensation sufficient to justify an allocation during the Plan Year shall not render such Participant ineligible to receive a minimum employer contribution under
this Article XV, Paragraph B. In determining such contribution, Compensation for purposes of this Section is compensation attributable to Hours of Service performed while he was a Participant. 

Employer Matching Contributions shall be taken into account for purposes of satisfying the minimum contribution requirements of Code
Section 416(c)(2) and this Plan. The preceding sentence shall apply with respect to Matching Contributions under this Plan or, if this Plan provides that the minimum contribution requirement shall be met in another plan, such other plan.
Employer Matching Contributions that are used to satisfy the minimum contribution requirements shall be treated as matching contributions for purposes of the actual contribution percentage test and other requirements of Code Section 401(m).

 2. Exceptions. Subparagraph 1. does not apply with respect to a Participant who 

a. terminates employment with the Employer and all members of the Controlled Group prior to the last day of the Plan Year,
or 
 b. is a participant in another defined contribution plan which is in the Required Aggregation Group and
receives an allocation to his employer contribution account in such plan equal to the above (for the Plan Year ending on or before the Determination Date), or 

  
 52 

 c. is a participant in a defined benefit plan, which is in the Required
Aggregation Group and receives thereunder for the Plan Year the Minimum Benefit Accrual for the Plan Year ending on or before the Determination Date. 
 3. Employee Participating in Defined Benefit Plan. For each Non-Key Employee Participant who is also a participant in a defined benefit plan which is in the Required Aggregation Group and
which does not provide the Minimum Benefit Accrual for the Plan Year ending on or before the Determination Date, Paragraph 1 shall be applied substituting 5% of compensation for subparagraphs 1.a. and b. 

4. Specific Rules. In determining the Minimum Employer Contribution hereunder, the following rules shall govern:

 a. The Non-Key Employee’s account will receive the Minimum Employer Contribution notwithstanding a waiver
of the minimum funding requirements of Code Section 412. 
 b. Tax-deferred contributions by Non-Key
Employees to a qualified plan shall be disregarded; Tax-Deferred Contributions by Key Employees shall be taken into account in determining the minimum required employer contribution hereunder. 

ARTICLE XVI 
 Right to Discharge Employees 
 Neither the establishment of the Plan and
Trust nor any modification thereof, nor the creation of any funds or accounts nor the payment of any benefit, shall be construed as giving any Participant, or any other person whomsoever, any legal or equitable right against the Employer, the
Trustee, or the Committee unless the same shall be specifically provided for in this agreement or conferred by affirmative action of the Committee or the Employer in accordance with the terms and provisions of this agreement or as giving any
Employee or Participant the right to be retained in the service of the Employer, and all Employees shall remain subject to discharge by the Employer to the same extent as if this Plan and Trust had never been adopted. 

ARTICLE XVII 
 Return of Contributions; 
 Declaration of Trust Contingent 

on Internal Revenue Service Approval 
 Contributions made hereto are conditioned on deductibility by the Employer under Section 404 of the Code, and such contributions may not be made under a mistake of fact. 

Contributions may be returned to the Employer, in the amount involved, within one year of the mistaken payment of the contribution, or
disallowance of a deduction, as the case may be. 

  
 53 

 This Plan and the Trust shall be contingent upon a favorable Internal Revenue Service ruling
as to the initial acceptability under Section 401(a) of the Internal Revenue Code, as amended, and exemption from income taxation under Section 501(a) of the Internal Revenue Code. In the event that the Commissioner of Internal
Revenue determines that the Plan is not initially qualified under the Internal Revenue Code, and if the Employer does not effect an amendment which will cure the defect, then this Plan and Trust will thereupon terminate and be of no further force or
effect, and the Trustee shall forthwith return to the Employer the current value of all contributions made incident to that initial qualification by the Employer (plus income, less any fees or expenses allocable thereto) within one year after the
date the initial qualification is denied, but only if the application for the qualification is made by the time prescribed by law for filing the Employer’s return for the taxable year in which the Plan is adopted, or such later date as the
Secretary of the Treasury may prescribe. 
 ARTICLE XVIII 

Rollover Contributions; Trust to Trust Transfers 
 A. Rollover Contributions To This Plan. Subject to such terms and conditions as may from time to time be established by the Committee, an Employee of the Employer, whether or not a Participant, may
make a rollover contribution to the Plan, provided that the rollover contribution does not result in this Plan becoming a transferee plan as defined in Code Section 401(a) (11)(B)(iii)(III). If a rollover contribution is to be made to this
Plan directly from another plan that is subject to the qualified joint and survivor annuity requirements, the proper participant waiver and required spousal consent to that waiver must be obtained by the other plan prior to the direct rollover
contribution to this Plan. The Committee shall be provided evidence to its satisfaction that the distribution is an eligible rollover distribution as defined in Paragraph C.1. below. 

If an Employee has received an eligible rollover distribution from another qualified plan, or from an IRA that holds only assets from a
qualified plan, the distribution must be contributed to this Plan within sixty (60) days following receipt of such amount by the Employee. All rollover contributions shall be accounted for separately but shall be invested and reinvested along
with the assets of the Plan and treated in all respects as other assets of the Plan. The rollover contributions shall be credited to a special Rollover Account on behalf of the Employee. The Rollover Account shall, at all times, be 100% vested and
nonforfeitable. An Employee may elect to receive an in-service withdrawal from his Rollover Account prior to his actual retirement date in accordance with procedures established by the Committee. 

Notwithstanding the foregoing, with respect to Participant rollover contributions and direct rollovers of distributions made after
December 31, 2001, the Plan will accept a direct rollover of an eligible rollover distribution or a Participant contribution of an eligible rollover distribution from: (1) a qualified plan described in Code Section 401(a) or 403(a),
excluding after-tax employee contributions; (2) an annuity contract or 403(b)(7) custodial contract described in Code Section 403(b), excluding after-tax employee contributions; and (3) an eligible

  
 54 

 
plan under Code Section 457(b) which is maintained by a state, political subdivision of a state, or any agency or instrumentality of a state or political subdivision of a state. 

B. Trust to Trust Transfers. Notwithstanding any provision of the Plan to the contrary that would otherwise limit a
distributee’s election under this Article, a distributee may elect, at the time and in the manner prescribed by the Committee, to have any portion of an eligible rollover distribution paid directly to an eligible retirement plan specified by
the distributee in a direct rollover. 
 C. Definitions. 

1. Eligible Rollover Distribution. An eligible rollover distribution is any distribution of all or any portion of
the balance to the credit of the distributee, except that an eligible rollover distribution does not include: any distribution that is one of a series of substantially equal periodic payments (not less frequently than annually) made for the life (or
life expectancy) of the distributee or the joint lives (or joint life expectancies) of the distributee and the distributee’s designated beneficiary, or for a specified period often years or more; any distribution to the extent such distribution
is required under Section 401(a)(9) of the Code; the portion of any distribution that is not includible in gross income (determined without regard to the exclusion for net unrealized appreciation with respect to employer securities); and
hardship withdrawals of pre-tax contributions, unless such a distribution is made after a permissible distribution event (other than a hardship withdrawal) occurs under Code Section 401(k)(2)(B). 

Provided, however, that with respect to distributions made after December 31, 2001, a portion of a distribution shall not fail to be
an eligible rollover distribution merely because the portion consists of after-tax employee contributions which are not includible in gross income. However, such portion may be transferred only to an individual retirement account or annuity
described in Code Section 408(a) or (b), or to a qualified defined contribution plan described in Code Section 401(a) or 403(a) that agrees to separately account for amounts so transferred, including separately accounting for the
portion of such distribution which is includible in gross income and the portion of such distribution which is not so includible. 
 With respect to distributions made after December 31, 2001, any amount that is distributed on account of hardship shall not be an eligible rollover distribution and the distributee may not elect to
have any portion of such a distribution paid directly to an eligible retirement plan. 
 2. Eligible
Retirement Plan. An eligible retirement plan is an individual retirement account described in Section 408(a) of the Code, an individual retirement annuity described in Section 408(b) of the Code, an annuity plan described in
Section 403(a) of the Code, or a qualified trust described in Section 401(a) of the Code, that accepts the distributee’s eligible rollover distribution. However, in the case of an eligible rollover distribution to the surviving
spouse, an eligible retirement plan is an individual retirement account or individual retirement annuity. 

  
 55 

 For purposes of the direct rollover provisions of this Article XVIII, an eligible retirement
plan shall also mean an annuity contract or 403(b)(7) custodial contract described in Code Section 403(b) and an eligible plan under Code Section 457(b) which is maintained by a state, political subdivision of a state, or any agency or
instrumentality of a state or political subdivision of a state which agrees to separately account for amounts transferred into such plan from this Plan. The definition of eligible retirement plan shall also apply in the case of a distribution to a
surviving spouse, or to a spouse or former spouse who is the alternate payee under a qualified domestic relations order, as defined in Code Section 414(p). 
 For distributions made after December 31, 2007, an Eligible Retirement Plan shall also include an individual retirement plan described in Code Section 408A(b). 

For distributions of after-tax contributions made after December 31, 2006, an Eligible Retirement Plan shall also include an annuity
contract described in Code Section 403(b), provided such contract separately accounts for such after-tax amounts. 
 3. Distributee. A distributee includes an Employee or former Employee. In addition, the Employee’s or former Employee’s surviving spouse and the Employee’s or former Employee’s
spouse or former spouse who is the alternate payee under a qualified domestic relations order, as defined in Section 414(p) of the Code, are distributees with regard to the interest of the spouse or former spouse. 

Effective January 1, 2010, a nonspouse “designated beneficiary” within the meaning of Code
Section 401(a)(9)(E) may elect, at the time and in the manner prescribed by the Committee, to have any portion of an eligible rollover distribution made in a direct rollover to an individual retirement account described in Section 408(a)
of the Code or to an individual retirement annuity described in Section 408(b) of the Code (other than an endowment contract). Notwithstanding the previous sentence, a distribution to a nonspouse designated beneficiary that is made prior to
January 1, 2010 is not subject to the direct rollover requirements of Code Section 401(a)(31) (including Code Section 401(a)(31)(B)), the notice requirements of Code Section 402(f) or the mandatory withholding requirements of
Code Section 3405(c). 
 4. Direct Rollover. A direct rollover is a payment by the Plan to the
eligible retirement plan specified by the distributee. 
 ARTICLE XIX 

Transfers of Employment 
 Except as otherwise specifically provided herein, the provisions of this Article XIX apply to transfers of employment that occur on or after October 1, 2009; transfers of employment occurring prior
to October 1, 2009 are subject to the provisions of the Plan as in effect at the time of such transfer. References to the provisions of the WMS 401(k) Plan described herein are included for solely purposes of clarity in describing the transfer
provisions; in the event of a conflict between the information set forth herein and the terms of the WMS 401(k) Plan, the terms of the WMS 401(k) Plan shall govern. 

  
 56 

 A. Transfers out of This Plan. An Employee of an Employer co-sponsoring this Plan
who, on or after October 1, 2009, either (1) transfers to employment with an employer co-sponsoring the WMS 401(k) Plan or (2) terminates employment with the Employer and later becomes hired by an employer co-sponsoring the WMS 401(k)
Plan (a “Transfer-Out Employee”), shall receive credit for his Years of Service and Hours of Service with the Employer co-sponsoring this Plan for purposes of eligibility and vesting in the WMS 401(k) Plan, as applicable, provided
that there shall be no duplication of credit in the year of transfer to or year of hire by an employer co-sponsoring the WMS 401(k) Plan. Notwithstanding the foregoing, no credit for vesting purposes shall be granted prospectively in this Plan based
on a Transfer-Out Employee’s Years of Service and Hours of Service with the employer co-sponsoring the WMS 401(k) Plan. 
 A Transfer-Out Employee’s Accrued Benefit, if any, in this Plan shall remain credited to his accounts in this Plan and shall continue to be subject to the terms and conditions of this Plan. A
Transfer-Out Employee may request a distribution from this Plan subject to the provisions of Article VII of this Plan, provided that he is no longer employed by a co-sponsor of this Plan or any other entity aggregated with a co-sponsor of this Plan
under the aggregation requirements of Code Sections 414(b), (c), (m) or (o). 
 To the extent that a
Transfer-Out Employee has an original date of hire with the Employer prior to July 1, 2008, he shall be eligible while employed by an employer co-sponsoring the WMS 401(k) Plan to obtain in-service Employee pre-tax 401(k) contributions hardship
withdrawals and pre-tax 401(k) contributions withdrawals after age 59 1/2 from this Plan, provided the Plan requirements for such withdrawals are met. Notwithstanding the preceding sentence, a Transfer-Out Employee whose original hire date with the Employer is on or after
July 1, 2008 shall not be eligible while employed by an employer co-sponsoring the WMS 401(k) Plan to obtain such in-service Employee pre-tax 401(k) contributions hardship withdrawals and pre-tax 401(k) contributions withdrawals after age 59 1/2 from this Plan, regardless of the date he transfers
employment to a co-sponsor of the WMS 401(k) Plan. A Transfer-Out Employee may not take a new participant loan from this Plan. 
 A Transfer-Out Employee may make Employee pre-tax contributions and shall receive any Employer contributions to this Plan only for the period of time through which he is employed by an Employer
co-sponsoring this Plan in accordance with the terms of this Plan and based on his Compensation from his Employer which co-sponsors this Plan. A Transfer-Out Employee’s Participant-Directed Profit Sharing Account and Employer Matching
Contribution Account, if any, in this Plan shall become 100% vested and nonforfeitable if (1) he dies, becomes permanently and totally disabled pursuant to the terms of this Plan, or attains Normal Retirement Age, and (2) such event occurs
while the individual is still employed by an Employer co-sponsoring this Plan, or by an employer co-sponsoring the WMS 401(k) Plan. 
 B. Transfers Into This Plan from the WMS Plan. An employee of a co-sponsor of the WMS 401(k) Plan who, on or after January 1, 2000, either (a) transfers to employment with an Employer
co-sponsoring this Plan or (b) terminates employment with an employer co-sponsoring the WMS 401(k) Plan and later becomes hired by an Employer co-sponsoring this Plan (a “Transfer-In Employee”) shall receive credit for his Years of
Service and Hours of 

  
 57 

 
Service with the co-sponsors of the WMS 401(k) Plan for purposes of eligibility and vesting in this Plan, provided that there shall be no duplication of credit in the year of transfer to or year
of hire by an Employer co-sponsoring this Plan. Notwithstanding the foregoing, whether such a transfer occurred before or after October 1, 2009, no credit for vesting purposes shall be granted prospectively in the WMS 401(k) Plan based on a
Transfer-In Employee’s Years of Service and Hours of Service with an employer co-sponsoring this Plan. A Transfer-In Employee shall receive any Employer contributions to this Plan only for the period of time during which he is employed by an
Employer co-sponsoring this Plan in accordance with the terms of this Plan and based on his Compensation from his Employer which co-sponsors this Plan. 
 A Transfer-In Employee’s accrued benefit, if any, in the WMS 401(k) Plan shall remain credited to his accounts in such plan and shall continue to be subject to the terms of such plan. A Transfer-In
Employee may request a distribution from the WMS 401(k) Plan, pursuant to the terms of such plan, provided that he is no longer employed by a co-sponsor of the WMS 401(k) Plan or any other entity aggregated with a co-sponsor of such plan under the
aggregation requirements of Code Sections 414(b), (c), (m) or (o). 
 To the extent that a Transfer-In
Employee has an original date of hire with the Employer prior to July 1, 2008, he shall be eligible while such employment continues to obtain in-service Employee pre-tax 401(k) contributions hardship withdrawals and pre-tax 401(k) contributions
withdrawals after age 59 1/2 from the WMS
401(k) Plan, provided the plan requirements for such withdrawals are met. Notwithstanding the preceding sentence, a Transfer-In Employee whose original hire date with the co-sponsor of the WMS 401(k) Plan is on or after July 1, 2008 shall
not be eligible while employed by the Employer to obtain such in-service Employee pre-tax 401(k) contributions hardship withdrawals and pre-tax 401(k) contributions withdrawals after age 59 1/2 from the WMS 401(k) Plan, regardless of the date he transfers
employment to a co-sponsor of this Plan. A Transfer-In Employee may not take a participant loan from the WMS 401(k) Plan. 
 A Transfer-In Employee may make Employee pre-tax 401(k) contributions to the WMS 401(k) Plan and shall receive Employer contributions to the WMS 401(k) Plan only for the period of time through which he is
employed by an employer co-sponsoring such plan in accordance with the terms of such plan and based on his Compensation from his employer which co-sponsors such plan. 
 C. Other Transfer Provisions. If a Transfer-Out Employee or a Transfer-In Employee incurs an Event of Forfeiture under this Plan, the WMS 401(k) Plan, or both plans, then any forfeitures or
reinstatement of forfeitures shall occur as to each plan in accordance with the terms of the respective plan(s), and there shall be no transfer of forfeitures or reinstatements of forfeitures between the plans. A Transfer-Out Employee’s service
with a co-sponsor of the WMS 401(k) Plan shall not be considered in determining whether an Event of Forfeiture has been incurred in this Plan. Provided further, that a reinstatement of forfeitures in this Plan shall only apply if such an individual
is rehired by a co-sponsor of this Plan, subject to the Plan’s normal rules relating to forfeitures and reinstatements of forfeitures as set forth in Article V, Paragraph F, of this Plan. 

  
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 Notwithstanding any provision of this Plan to the contrary, no service credit shall be
granted for eligibility or vesting purposes in this Plan if such Years of Service and Hours of Service would be disregarded under the Plan’s normal break-in-service rules as described in Article III, Paragraph D, and in subparagraphs 2, 3, and
4. of Article VI, Paragraph B, respectively, computed as if that prior service had been with the Employer. No service credit shall be granted for eligibility or vesting purposes in the WMS 401(k) Plan if such Years of Service and Hours of Service
would be disregarded under the WMS 401(k) Plan’s normal break-in-service rules. 
 IN WITNESS WHEREOF,
the parties hereto have caused this Plan and Trust to be executed as of this 9th day of December, 2010. 
  

			
	HOMESTREET, INC.
		
	By	 	/s/ Mark Mason
		 	Its Vice Chairman, President & CEO
	
	HOMESTREET BANK
		
	By	 	/s/ Mark Mason
		 	Its Chairman, President & CEO
	
	HOMESTREET CAPITAL CORPORATION
		
	By	 	/s/ Mark Mason
		 	Its Chairman, President & CEO

  
 59

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