Document:

Amended and Restated 2007 Stock Incentive and Award Plan

 Exhibit 10.1 

DELTEK, INC. 

AMENDED AND RESTATED 2007 STOCK INCENTIVE AND AWARD PLAN 

Adopted by the Board of Directors: August 12 2010 

Approved by the Stockholders: August 25, 2010 

 DELTEK, INC. 

AMENDED AND RESTATED 2007 STOCK INCENTIVE AND AWARD PLAN 

Table of Contents 
  

					
	 	 	 	  	Page
			
	1.	 	Purpose	  	1
			
	2.	 	Definitions	  	1
			
	3.	 	Administration	  	4
			
	4.	 	Stock Subject to the Plan; Grant Limitations	  	6
			
	5.	 	Option Grants for Eligible Individuals	  	8
			
	6.	 	Terms and Conditions Applicable to All Options	  	9
			
	7.	 	Stock Appreciation Rights	  	10
			
	8.	 	Dividend Equivalent Rights	  	12
			
	9.	 	Restricted Stock	  	12
			
	10.	 	Performance Awards	  	13
			
	11.	 	Other Stock-Based Awards	  	18
			
	12.	 	Effect of a Termination of Employment or Service	  	18
			
	13.	 	Adjustment Upon Changes in Capitalization	  	18
			
	14.	 	Effect of Certain Transactions	  	19
			
	15.	 	Interpretation	  	20
			
	16.	 	Termination and Amendment of the Plan/Modification of Options and Awards	  	21
			
	17.	 	Non-Exclusivity of the Plan	  	21
			
	18.	 	Limitation of Liability	  	22
			
	19.	 	Regulations and Other Approvals; Governing Law	  	22
			
	20.	 	Miscellaneous	  	23

 DELTEK, INC. 

AMENDED AND RESTATED 2007 STOCK INCENTIVE AND AWARD PLAN 

1. Purpose. 

Deltek, Inc., a Delaware corporation (the “Company”), maintains the Deltek, Inc. 2007 Stock Incentive and Award Plan, which is
amended and restated herein and which shall hereafter be known as the Deltek, Inc. Amended and Restated 2007 Stock Incentive and Award Plan (the “Plan”). The purpose of the Plan is to strengthen the Company by providing an incentive to the
employees, officers, consultants and directors of the Company and its Subsidiaries and thereby encouraging them to devote their abilities and industry to the success of the Company’s business enterprises. It is intended that this purpose be
achieved by extending to employees (including future employees who have received a formal written offer of employment), officers, consultants and directors of the Company and its Subsidiaries an added long-term incentive for high levels of
performance and unusual efforts through the grant of Incentive Stock Options, Nonqualified Stock Options, Stock Appreciation Rights, Restricted Stock, Dividend Equivalent Rights, Performance Units, Performance Shares, Performance-Based Restricted
Stock, Share Awards, Phantom Stock and Cash Incentive Awards (as each term is herein defined). 
 2. Definitions.

 For purposes of the Plan, the following terms shall have the following meanings: 

“Affiliate” means, with respect to any Person, any other Person which, directly or indirectly, controls, is controlled
by or is under common control with, such Person. 
 “Agreement” means the written agreement, including an
electronic writing acceptable to the Committee in its discretion, between the Company and an Optionee or Grantee evidencing the grant of an Option or Award and setting forth the terms and conditions thereof. 

“Award” means a Stock-Based Award or a Cash Incentive Award. 

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

“Cash Incentive Award” means the right granted to an Eligible Individual to receive a payment of cash pursuant to
Section 10.3. 
 “Change in Capitalization” means any increase or reduction in the number of Shares, or
any change (including, but not limited to, in the case of a spin-off, dividend or other distribution in respect of Shares, a change in value) in the Shares or exchange of Shares for a different number or kind of shares or other securities of the
Company or another corporation, by reason of a reclassification, recapitalization, merger, consolidation, reorganization, spin-off, split-up, issuance of warrants or rights or debentures, stock dividend, stock split or reverse stock split, cash
dividend, property dividend, combination or exchange of shares, repurchase of shares, change in corporate structure or other, similar transaction or event. 

“Code” means the Internal Revenue Code of 1986, as amended. 

 

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 “Committee” means the Compensation Committee of the Board, or a
subcommittee thereof, which shall administer the Plan and perform the functions set forth herein; provided, that, if there is no Compensation Committee of the Board, or if the Board determines that the Compensation Committee shall not be the
Committee, then the Committee shall be the Board or such Directors as are appointed to the Committee by the Board. 

“Company” means Deltek, Inc., a Delaware corporation, and shall include any successor thereto by merger, consolidation,
acquisition of substantially all the assets thereof, or otherwise. 
 “Director” means a director of the
Company. 
 “Dividend Equivalent Right” means a right to receive all or some portion of the cash dividends that
are or would be payable with respect to Shares. 
 “Division” means any of the operating units or divisions of
the Company or any Subsidiary designated as a Division by the Committee. 
 “Effective Date” means
September 20, 2010. 
 “Eligible Individual” means any of the following individuals who is designated by
the Committee as eligible to receive Options or Awards subject to the conditions set forth herein: (i) any director, officer or employee of the Company or a Subsidiary, (ii) any individual to whom the Company or a Subsidiary has extended a
formal, written offer of employment or (iii) any consultant or advisor of the Company or a Subsidiary. 
 “Exchange
Act” means the Securities Exchange Act of 1934, as amended. 
 “Fair Market Value” on any date means
(i) the closing price at the end of normal market hours of the Shares on such date as quoted on the National Association of Securities Dealers Automated Quotation System (the “Nasdaq”), (ii) if the Shares are not quoted on
the Nasdaq but are listed for trading on the New York Stock Exchange (the “NYSE”) or other national securities exchange, the closing price at the close of the primary trading session of the Shares on such date on the NYSE (or, if
the Shares are not listed for trading on the NYSE, on such other exchange) or (iii) if there is no such closing price for such date on the Nasdaq, the NYSE or other national exchange, the fair market value of the Shares as determined in good
faith by the Committee (and, if applicable, in accordance with Sections 409A and 422 of the Code). 
 “Grantee”
means a person to whom an Award has been granted under the Plan. 
 “Inception Date” means April 11, 2007.

 “Incentive Stock Option” means an Option satisfying the requirements of Section 422 of the Code and
designated by the Committee as an Incentive Stock Option. 
 “Listed Security” means any security of the
Company that is listed or approved for listing on a national securities exchange or designated or approved for designation as a national market system security on an interdealer quotation system by the National Association of Securities Dealers,
Inc. 
  

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 “Non-Employee Director” means a director of the Company who is a
“non-employee director” within the meaning of Rule 16b-3 promulgated under the Exchange Act. 
 “Nonqualified
Stock Option” means an Option which is not an Incentive Stock Option. 
 “Option” means a Nonqualified
Stock Option or an Incentive Stock Option. 
 “Optionee” means a person to whom an Option has been granted
under the Plan. 
 “Outside Director” means a director of the Company who is an “outside director”
within the meaning of Section 162(m) of the Code and the regulations promulgated thereunder. 
 “Parent”
means any corporation which is a parent corporation (within the meaning of Section 424(e) of the Code) with respect to the Company. 

“Performance Awards” means Performance Units, Performance Shares, Performance-Based Restricted Stock, Cash Incentive
Awards or any or all of them. 
 “Performance-Based Compensation” means any Option or Award that is intended to
constitute “performance based compensation” within the meaning of Section 162(m)(4)(C) of the Code and the regulations promulgated thereunder. 

“Performance-Based Restricted Stock” means Shares of Restricted Stock issued or transferred to an Eligible Individual
under Section 10.2. 
 “Performance Cycle” means a time period of not less than one year as specified by
the Committee at the time Performance Awards or Cash Incentive Awards are granted during which the performance of the Company, a Subsidiary or a Division will be measured. 

“Performance Objectives” has the meaning set forth in Section 10.4. 

“Performance Shares” means Shares issued or transferred to an Eligible Individual under Section 10.1. 

“Performance Units” means Performance Units granted to an Eligible Individual under Section 10.1. 

“Person” means an individual, a corporation, a partnership, a limited liability company, an association, a trust or any
other entity or organization, including a government or political subdivision or an agency or instrumentality thereof. 

“Phantom Stock” means a right granted to an Eligible Individual under Section 11.2 representing a number of
hypothetical Shares. 
  

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 “Plan” means the Deltek, Inc. 2007 Stock Incentive and Award Plan, as
amended and restated from time to time. 
 “Restricted Stock” means Shares issued or transferred to an Eligible
Individual pursuant to Section 9. 
 “Securities Act” means the Securities Act of 1933, as amended.

 “Share Award” means an Award of Shares granted pursuant to Section 11.1. 

“Shares” means the common stock, par value $0.001 per share, of the Company and any other securities into which such
shares are changed or converted or for which such shares are exchanged. 
 “Stock Appreciation Right” means a
right to receive all or some portion of the increase in the value of the Shares as provided in Section 7 hereof. 

“Stock-Based Award” means a grant of Restricted Stock, Phantom Stock, a Stock Appreciation Right, a Performance Award, a
Dividend Equivalent Right, a Share Award or any or all of them. 
 “Subsidiary” means (i) except as
provided in subsection (ii) below, any corporation which is a subsidiary corporation within the meaning of Section 424(f) of the Code with respect to the Company, and (ii) in relation to the eligibility to receive Options or Awards
other than Incentive Stock Options and continued employment or service for purposes of Options and Awards (unless the Committee determines otherwise), any entity, whether or not incorporated, in which the Company directly or indirectly owns 50% or
more of the outstanding equity or other ownership interests. 
 “Taxable Event” has the meaning set forth in
Section 20.2. 
 “Ten-Percent Stockholder” means an Eligible Individual who, at the time an Incentive
Stock Option is to be granted to him or her, owns (within the meaning of Section 422(b)(6) of the Code) stock possessing more than 10% of the total combined voting power of all classes of stock of the Company, or of a Parent or a Subsidiary.

 “Withholding Taxes” has the meaning set forth in Section 20.2. 

3. Administration. 

3.1. The Plan shall be administered by the Committee, which shall hold meetings at such times as may be necessary for the proper
administration of the Plan. Any decision or determination reduced to writing and signed by a majority of all of the members of the Committee shall be as fully effective as if made by a majority vote at a meeting duly called and held. The Committee
shall consist of at least two Directors and may consist of the entire Board; provided, however, that (a) if the Committee consists of less than the entire Board, then, with respect to any Option or Award granted to an Eligible
Individual who is subject to Section 16 of the Exchange Act, the Committee shall consist of at least two Directors, each of whom 

 

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shall be a Non-Employee Director, and (b) to the extent necessary for any Option or Award intended to qualify as Performance-Based Compensation to so qualify, the Committee shall consist of
at least two Directors, each of whom shall be an Outside Director. For purposes of the preceding sentence, if one or more members of the Committee is not a Non-Employee Director and/or an Outside Director but recuses himself or herself or abstains
from voting with respect to a particular action taken by the Committee, then the Committee, with respect to that action, shall be deemed to consist only of the members of the Committee who have not recused themselves or abstained from voting. A
quorum shall consist of not fewer than two members of the Committee and a majority of a quorum may authorize any action. Subject to applicable law, the Committee may delegate its authority under the Plan to any other person or persons. In addition,
the Board may, in its sole discretion, permit the Chief Executive Officer of the Company to exercise the authority granted to the Committee pursuant to Sections 3.3(a) and (b) with respect to other Eligible Individuals (other than Eligible
Individuals subject to Section 16 of the Exchange Act or receiving compensation subject to Section 162(m) of the Code), subject to such limitations as imposed by the Committee in its discretion and, subject to compliance with
Section 157(c) of the Delaware General Corporation Law, as amended from time to time. 
 3.2. No member of the Committee
shall be liable for any action, failure to act, determination or interpretation made in good faith with respect to this Plan or any transaction hereunder. The Company hereby agrees to indemnify each member of the Committee for all costs and expenses
and, to the extent permitted by applicable law, any liability incurred in connection with defending against, responding to, negotiating for the settlement of or otherwise dealing with any claim, cause of action or dispute of any kind arising in
connection with any actions in administering this Plan or in authorizing or denying authorization to any transaction hereunder. 

3.3. Subject to the express terms and conditions set forth herein, the Committee shall have the power from time to time to: 

(a) determine those Eligible Individuals to whom Options shall be granted under the Plan and the number of such Options to be granted
and to prescribe the terms and conditions (which need not be identical) of each such Option, including the exercise price per Share, the vesting schedule and the duration of each Option, and make any amendment or modification to any Option Agreement
consistent with the terms of the Plan; 
 (b) select those Eligible Individuals to whom Stock-Based Awards and/or Cash
Incentive Awards shall be granted under the Plan and to determine the number of Shares in respect of which each Stock-Based Award is granted, the terms and conditions (which need not be identical) of each such Award, and make any amendment or
modification to any Agreement consistent with the terms of the Plan; 
 (c) to construe and interpret the Plan and the Options
and Awards granted hereunder and to establish, amend and revoke rules and regulations for the administration of the Plan, including, but not limited to, correcting any defect or supplying any omission, or reconciling any inconsistency in the Plan or
in any Agreement, in the manner and to the extent it shall deem necessary or advisable, including so that the Plan and the operation of the Plan complies with Rule 16b-3 under the Exchange Act, Sections162(m) and 409A of the Code (to the extent
applicable) and other applicable law, and otherwise to make the Plan fully effective; 
  

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 (d) to make such adjustments to the Options and Awards as are required by Section 13;

 (e) to determine the duration and purposes for leaves of absence which may be granted to an Optionee or Grantee on an
individual basis without constituting a termination of employment or service for purposes of the Plan; 
 (f) to exercise its
discretion with respect to the powers and rights granted to it as set forth in the Plan; and 
 (g) generally, to exercise such
powers and to perform such acts as are deemed necessary or advisable to promote the best interests of the Company with respect to the Plan. 

All decisions and determinations by the Committee in the exercise of the foregoing powers shall be final, binding and conclusive upon the Company, each
Subsidiary, the Optionees and Grantees, and all other persons having or claiming any interest under the Plan or any Option or Award granted hereunder. 

3.4. Notwithstanding anything herein to the contrary, the Committee may determine the terms and conditions of Options and Awards and make
such adjustments to the terms thereof and to the Plan as are necessary or advisable to fulfill the purposes of the Plan taking into account matters of local law or practice, including tax and securities laws of the individual States and of
jurisdictions outside the United States. Any such adjustments to the Plan shall be evidenced by one or more written supplements to the Plan. 

4. Stock Subject to the Plan; Grant Limitations. 

4.1. Number of Shares Authorized for Issuance. 

(a) The Shares to be issued under the Plan may be, in whole or in part, authorized but unissued Shares or issued Shares which shall have
been reacquired by the Company and held by it as treasury shares. Subject to any adjustment as provided in the Plan, aggregate number of Shares that may be made the subject of Awards or Options granted under the Plan on or after the Effective Date
shall be an amount equal to (i) the sum of (A) the initial 1,840,000 Shares reserved for such Awards and Options as of the Inception Date in 2007, plus (B) the aggregate number of Shares by which the Share reserve for the Plan was
increased automatically on January 1st of each of calendar years 2008, 2009 and 2010, in each case by an amount equal to 3% of the total number of Shares issued and outstanding on December 31st of the immediately preceding calendar year,
plus (C) 1,140,000 additional Shares to be reserved for the Plan as of the Effective Date, minus (ii) the sum of (X) the aggregate number of Shares that have been made the subject of Awards or Options under the Plan and which Awards
or Options are outstanding as of the day immediately preceding the Effective Date (calculated as set forth in Section 4.2), plus (Y) the aggregate number of Shares that have been issued pursuant to Awards or Options that were granted under
the Plan prior to the Effective Date and which Shares are not 
  

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subject to forfeiture as of the Effective Date. In addition, prior to the termination of the Plan in accordance with Section 16.1, the aggregate number of Shares reserved and available for
grant and issuance pursuant to the Plan shall be increased automatically on January 1st of each year commencing on January 1, 2011, in an amount equal to 3% of the total number of Shares of the Company issued and outstanding on
December 31st of the immediately preceding calendar year; provided, that the Board may in its sole discretion reduce the amount of the increase in any particular year. In no event may more than 7,500,000 Shares be issued under Incentive
Stock Options granted under the Plan on or after the Inception Date (adjusted as set forth in Section 4.2). 
 (b) On and
after the Effective Date and subject to any adjustment as provided in the Plan: 
 (i) the number of Shares that may be
made the subject of Options and Stock Appreciation Rights granted to an Eligible Individual in any calendar year may not exceed 1,500,000 Shares (with such limit to be applied separately to each type of Award); 

(ii) the number of Shares that may be made the subject of Performance Shares or Performance-Based Restricted Stock granted to an
Eligible Individual in any calendar year may not exceed 1,500,000 Shares (with such limit to be applied separately to each type of Award); 

(iii) the dollar amount of cash that may be made the subject of Performance Units granted to an Eligible Individual in any calendar
year may not exceed $1,500,000; and 
 (iv) the dollar amount of cash that may be made the subject of Cash Incentive
Awards granted to an Eligible Individual in any calendar year may not exceed $5,000,000; 
 provided, however, that each of the
limitations set forth above in this Section 4.1(b) shall be multiplied by two when applied to Options or Awards granted to any Eligible Individual during the calendar year that such individual first commences service with the Company or a
Subsidiary; and provided, further, that the limitations set forth above in this Section 4.1(b) shall be multiplied by the number of calendar years over which the applicable Performance Cycle spans (in whole or in part) when
applied to Performance Awards. The limitations set forth in this Section 4.1(b) shall not be adjusted to effect a restoration of Shares with respect to which the related Option or Award is terminated, surrendered or canceled. 

4.2. Calculating Shares Available under the Plan. 

(a) Upon the granting of an Option or an Award, the number of Shares available under Section 4.1 for the granting of further
Options and Awards shall be reduced as follows: 
 (i) In connection with the granting of an Option or an Award (other than the
granting of (A) Performance Units, (B) Cash Incentive Awards, (C) Dividend Equivalent Rights or (D) other Awards payable in cash), the number of Shares shall be reduced by the number of Shares in respect of which the Option or
Award is granted or denominated. 
  

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 (ii) In connection with the granting of a Performance Unit, the number of Shares shall
initially be reduced by an amount equal to the quotient of (A) the dollar amount in which the Performance Unit is denominated divided by (B) the Fair Market Value of a Share on the date the Performance Unit is granted, with a corresponding
adjustment if the Performance Unit is ultimately settled in whole or in part in a greater or lesser number of Shares. 
 (iii)
In connection with the granting of a Dividend Equivalent or a Cash Incentive Award, the number of Shares available under Section 4.1 shall not be reduced; provided, however, that if Shares are issued in settlement of such an
Award, the number of Shares available for the granting of further Options and Awards under Section 4.1 shall be reduced by the number of Shares so issued. 

(iv) If any Option is exercised (A) by tendering Shares, either actually or by attestation, to the Company as full or partial
payment of the exercise price or (B) by the Company reducing the number of Shares to be issued upon exercise of such Option in full or partial payment of the exercise price, the number of Shares available for the granting of further Options and
Awards under Section 4.1 shall be increased by the number of Shares so tendered or by the amount of such reduction. 
 (v)
If Shares subject to any Option or Award are retained by the Company in satisfaction of any Withholding Taxes payable by an Optionee or Grantee, then the number of Shares available for the granting of further Options and Awards under
Section 4.1 shall be increased by the number of Shares so retained. 
 (b) Notwithstanding Section 4.2(a), in the
event that an Award is granted that, pursuant to the terms of an Agreement, cannot be settled in Shares, the aggregate number of Shares that may be the subject of Options or Awards granted under the Plan shall not be reduced to reflect such Award.
Whenever any outstanding Option or Award or portion thereof expires, is cancelled or forfeited, is settled in cash or is otherwise terminated for any reason without having been exercised or payment having been made in respect of the entire Option or
Award, the Shares allocable to the expired, cancelled, forfeited, settled or otherwise terminated portion of the Option or Award may again be the subject of Options or Awards granted hereunder. In addition, upon settlement of a Stock Appreciation
Right in Shares, the excess of the number of Shares subject to the Stock Appreciation Right over the number of Shares issued in settlement of the Stock Appreciation Right may again be the subject of Options or Awards granted hereunder. 

5. Option Grants for Eligible Individuals. 

5.1. Authority of Committee. Subject to the provisions of the Plan, the Committee shall have full and final authority to select
those Eligible Individuals who will receive Options, and the terms and conditions of the grant to such Eligible Individuals shall be set forth in an Agreement. Incentive Stock Options may be granted only to Eligible Individuals who are employees of
the Company or a Subsidiary. 
  

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 5.2. Exercise Price. The purchase price per Share under each Option shall be
determined by the Committee and set forth in the Agreement but shall not be less than the Fair Market Value of a Share on the date of grant (110% of Fair Market Value in the case of an Incentive Stock Option granted to a Ten-Percent Stockholder).

 5.3. Maximum Duration. Options shall not be exercisable after the expiration of ten years from the date of grant (five
years in the case of an Incentive Stock Option granted to a Ten-Percent Stockholder). The term of an Option shall be set forth in the Agreement evidencing such Option. To the extent permitted by applicable law, the Committee may, subsequent to the
granting of any Option, extend the term thereof, but in no event shall the term as so extended exceed the maximum term provided for in the preceding sentence. 

5.4. Vesting. Each Option shall become exercisable in such installments (which need not be equal) and at such times as may be
designated by the Committee and set forth in the Agreement. To the extent not exercised, installments shall accumulate and be exercisable, in whole or in part, at any time after becoming exercisable, but not later than the date the Option expires.
The Committee may accelerate the exercisability of any Option or portion thereof at any time. 
 5.5. Limitations on
Incentive Stock Options. To the extent that the aggregate Fair Market Value (determined as of the date of the grant) of Shares with respect to which Incentive Stock Options granted under the Plan and “incentive stock options” (within
the meaning of Section 422 of the Code) granted under all other plans of the Company or its Subsidiaries (in either case determined without regard to this Section 5.5) are exercisable by an Optionee for the first time during any calendar
year exceeds $100,000, such Incentive Stock Options shall be treated as Nonqualified Stock Options. In applying the limitation in the preceding sentence in the case of multiple Option grants, Options which were intended to be Incentive Stock Options
shall be treated as Nonqualified Stock Options according to the order in which they were granted such that the most recently granted Options are first treated as Nonqualified Stock Options. 

6. Terms and Conditions Applicable to All Options. 

6.1. No Sale or Transfer. Except to the extent permitted by the Committee with respect to Nonqualified Stock Options, no Option
shall be transferable by the Optionee other than by will or by the laws of descent and distribution or, in the case of an Option other than an Incentive Stock Option, pursuant to a domestic relations order (within the meaning of Rule 16a-12
promulgated under the Exchange Act), and an Option shall be exercisable during the lifetime of an Optionee only by the Optionee or his or her guardian or legal representative. 

6.2. Manner of Exercise and Payment. The exercise of an Option shall be made only by a written notice delivered in person or by
mail to the Secretary of the Company at the Company’s principal executive office, or by such other means of delivery as the Committee may permit in its sole discretion, specifying the number of Shares to be exercised and, to the

  

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extent applicable, accompanied by payment therefor and otherwise in accordance with the Agreement pursuant to which the Option was granted; provided, however, that Options may not
be exercised by an Optionee for six months following a hardship distribution to the Optionee, to the extent such exercise is prohibited under Treasury Regulation Section 1.401(k)-1(d)(3)(iv)(C)(4). The exercise price for any Shares purchased
pursuant to the exercise of an Option shall be paid, in any of the following forms (or any combination thereof): (a) cash, (b) the transfer, either actually or by attestation, to the Company of Shares, such transfer to be upon such terms
and conditions as determined by the Committee, (c) if approved by the Committee, a reduction by the Company in the number of Shares to be issued upon such exercise having a Fair Market Value on the date of exercise equal to the aggregate
exercise price payable, (d) such other cashless exercise procedures approved by the Committee (including through the use of a cashless exercise program with a registered broker-dealer approved by the Committee) or (e) a combination of the
foregoing; provided, however, that the Committee may determine that the exercise price of an Option shall be paid only in cash. Any Shares transferred to the Company as payment of the exercise price under an Option shall be valued at
their Fair Market Value on the day of exercise of such Option. If requested by the Committee, the Optionee shall deliver the Agreement evidencing the Option to the Secretary of the Company who shall endorse thereon a notation of such exercise and
return such Agreement to the Optionee. No fractional Shares (or cash in lieu thereof) shall be issued upon exercise of an Option and the number of Shares that may be purchased upon exercise shall be rounded down to the nearest number of whole
Shares. Notwithstanding anything in this Plan to the contrary, an Option may be exercised in accordance with the arrangements and procedures provided in this Section 6.2 only to the extent such arrangements or procedures comply with
Section 13(k) of the Exchange Act and other applicable laws, rules and regulations. 
 6.3. Rights of Optionees. No
Optionee shall be deemed for any purpose to be the owner of any Shares subject to any Option unless and until (a) the Option shall have been exercised pursuant to the terms thereof, (b) the Company shall have issued and delivered Shares to
the Optionee, and (c) the Optionee’s name shall have been entered as a stockholder of record on the books of the Company. Thereupon, the Optionee shall have full voting, dividend and other ownership rights with respect to such Shares,
subject to such terms and conditions as may be set forth in the Agreement. 
 7. Stock Appreciation Rights.

 7.1. Grant of Stock Appreciation Rights. The Committee may in its discretion, either alone or in connection with the
grant of an Option, grant Stock Appreciation Rights in accordance with the Plan, the terms and conditions of which shall be set forth in an Agreement. If granted in connection with an Option, a Stock Appreciation Right shall cover the same Shares
covered by the Option (or such lesser number of Shares as the Committee may determine) and shall, except as provided in this Section 7, be subject to the same terms and conditions as the related Option. 

7.2. Time of Grant. A Stock Appreciation Right may be granted (a) at any time if unrelated to an Option, or (b) if
related to an Option, either at the time of grant or at any time thereafter during the term of the Option. 
  

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 7.3. Stock Appreciation Right Granted in Connection With an Option. 

(a) Exercise. A Stock Appreciation Right granted in connection with an Option shall be exercisable at such time or times and only
to the extent that the related Options are exercisable and will not be transferable except to the extent the related Option is transferable. A Stock Appreciation Right granted in connection with an Incentive Stock Option shall be exercisable only if
the Fair Market Value of a Share on the date of exercise exceeds the exercise price specified in the related Incentive Stock Option Agreement. 

(b) Amount Payable. Upon the exercise of a Stock Appreciation Right related to an Option, the Grantee shall be entitled to
receive an amount of cash or a number of Shares determined by multiplying (i) the excess of the Fair Market Value of a Share on the date of exercise of such Stock Appreciation Right over the per Share exercise price under the related Option, by
(ii) the number of Shares as to which such Stock Appreciation Right is being exercised. Notwithstanding the foregoing, the Committee may limit in any manner the amount payable with respect to any Stock Appreciation Right by including such a
limit in the Agreement evidencing the Stock Appreciation Right at the time it is granted. 
 (c) Treatment of Related
Options and Stock Appreciation Rights Upon Exercise. Upon the exercise of a Stock Appreciation Right granted in connection with an Option, the Option shall be cancelled to the extent of the number of Shares as to which the Stock Appreciation
Right is exercised, and upon the exercise of an Option granted in connection with a Stock Appreciation Right, the Stock Appreciation Right shall be cancelled to the extent of the number of Shares as to which the Option is exercised or surrendered.

 7.4. Stock Appreciation Right Unrelated to an Option. The Committee may grant to Eligible Individuals Stock
Appreciation Rights unrelated to Options. Stock Appreciation Rights unrelated to Options shall contain such terms and conditions as to exercisability, vesting and duration as the Committee shall determine, but in no event shall they have a term of
greater than ten years. Upon exercise of a Stock Appreciation Right unrelated to an Option, the Grantee shall be entitled to receive an amount of cash or a number of Shares determined by multiplying (a) the excess of the Fair Market Value of a
Share on the date of exercise of such Stock Appreciation Right over the Fair Market Value of a Share on the date the Stock Appreciation Right was granted, by (b) the number of Shares as to which the Stock Appreciation Right is being exercised.
Notwithstanding the foregoing, the Committee may limit in any manner the amount payable with respect to any Stock Appreciation Right by including such a limit in the Agreement evidencing the Stock Appreciation Right at the time it is granted.

 7.5. No Sale or Transfer. The Grantee shall not sell, transfer, assign, exchange, pledge, encumber or otherwise
dispose of a Stock Appreciation Right or any portion thereof. 
 7.6. Manner of Exercise. The exercise of Stock
Appreciation Rights shall be made only by delivery of written notice to the Company. Such notice shall state that the Grantee is electing to exercise the Stock Appreciation Right, shall set forth the number of Shares in respect of which the Stock
Appreciation Right is being exercised and shall be signed by the Grantee or, where applicable, by the Grantee’s legal representative. 
  

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 7.7. Form of Payment. Payment of the amount determined under Section 7.3(b) or
7.4 may be made in whole Shares in a number determined at their Fair Market Value on the date of exercise of the Stock Appreciation Right, or solely in cash, or in a combination of cash and Shares. Such form of payment shall be determined by the
Committee and set forth in the Agreement evidencing the Stock Appreciation Right. If the Committee decides to make full payment in Shares and the amount payable results in a fractional Share, payment for the fractional Share will be made in cash.

 8. Dividend Equivalent Rights. 

Dividend Equivalent Rights may be granted to Eligible Individuals in tandem with an Option or Award or as a separate Award. The terms and
conditions applicable to each Dividend Equivalent Right shall be specified in the Agreement under which the Dividend Equivalent Right is granted. Amounts payable in respect of Dividend Equivalent Rights may be payable currently or deferred until the
lapsing of restrictions on such Dividend Equivalent Rights or until the vesting, exercise, payment, settlement or other lapse of restrictions on the Option or Award to which the Dividend Equivalent Rights relate. In the event that any portion of the
amount payable in respect of Dividend Equivalent Rights is to be deferred, the Committee shall determine whether such amounts are to be held in cash or reinvested in Shares or deemed (notionally) to be reinvested in Shares. If amounts payable in
respect of Dividend Equivalent Rights are to be held in cash, there may be credited at the end of each year (or portion thereof) interest on the amount of the account at the beginning of the year at a rate per annum as the Committee, in its
discretion, may determine. Dividend Equivalent Rights may be settled in cash or Shares or a combination thereof, in a single installment or multiple installments, in each case as determined by the Committee. 

9. Restricted Stock. 

9.1. Grant. The Committee may grant Awards of Restricted Stock to Eligible Individuals, which shall be evidenced by an Agreement
between the Company and the Grantee. Each Agreement shall contain such restrictions, terms and conditions as the Committee may, in its discretion, determine and (without limiting the generality of the foregoing) such Agreements may require that an
appropriate legend be placed on Share certificates during the period of restriction. Awards of Restricted Stock shall be subject to the terms and provisions set forth below in this Section 9. 

9.2. Rights of Grantee. Shares of Restricted Stock granted pursuant to an Award hereunder shall be issued in the name of the
Grantee as soon as reasonably practicable after the Award is granted provided that the Grantee has executed an Agreement evidencing the Award, the appropriate blank stock powers and, in the discretion of the Committee, an escrow agreement and any
other documents which the Committee may require as a condition to the issuance of such Shares. If a Grantee shall fail to execute the Agreement evidencing a Restricted Stock Award, or any documents which the Committee may require within the time
period prescribed by the Committee at the time the Award is granted, the Award shall be null and void. At the discretion of the Committee, Shares issued in connection with a Restricted Stock Award shall be deposited together with the stock powers
with the Company as escrow agent (or other escrow agent designated by the Committee). Except to the extent set forth in an Agreement, 

 

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upon delivery of the Shares to the escrow agent, the Grantee shall have all of the rights of a stockholder with respect to such Shares, including the right to vote the Shares and to receive all
dividends or other distributions paid or made with respect to the Shares. 
 9.3. No Sale or Transfer. Until all
restrictions upon the Shares of Restricted Stock awarded to a Grantee shall have lapsed in the manner set forth in Section 9.4, the Grantee shall not sell, transfer, assign, exchange, pledge, encumber or otherwise dispose of the Shares of
Restricted Stock. 
 9.4. Lapse of Restrictions. Restrictions upon Shares of Restricted Stock awarded hereunder shall
lapse at such time or times and on such terms and conditions as the Committee may determine. The Agreement evidencing the Award shall set forth any such restrictions. Such restrictions may, in the discretion of the Committee, be contingent on future
employment or services, the satisfaction of performance-related goals, or a combination of the foregoing. 
 9.5. Treatment
of Dividends. At the time an Award of Shares of Restricted Stock is granted, the Committee may, in its discretion, determine that the payment to the Grantee of dividends, or a specified portion thereof, declared or paid on such Shares by the
Company shall be (a) deferred until the lapsing of the restrictions imposed upon such Shares and (b) held by the Company for the account of the Grantee until such time. In the event that dividends are to be deferred, the Committee shall
determine whether such dividends are to be reinvested in Shares (which shall be held as additional Shares of Restricted Stock) or held in cash. If deferred dividends are to be held in cash, there may be credited at the end of each year (or portion
thereof) interest on the amount of the account at the beginning of the year at a rate per annum as the Committee, in its discretion, may determine. Payment of deferred dividends in respect of Shares of Restricted Stock (whether held in cash or as
additional Shares of Restricted Stock), together with interest accrued thereon, if any, shall be made upon the lapsing of restrictions imposed on the Shares in respect of which the deferred dividends were paid, and any dividends deferred (together
with any interest accrued thereon) in respect of any Shares of Restricted Stock shall be forfeited upon the forfeiture of such Shares. 

9.6. Delivery of Shares. Upon the lapse of the restrictions on Shares of Restricted Stock, the Company may maintain the shares in
book-entry form; provided, however, that if the Grantee so requests, the Committee shall cause a stock certificate to be delivered to the Grantee with respect to such Shares, free of all restrictions hereunder. 

10. Performance Awards. 

10.1. Performance Units and Performance Shares. The Committee, in its discretion, may grant Awards of Performance Units and/or
Performance Shares to Eligible Individuals, the terms and conditions of which shall be set forth in an Agreement. 
 (a)
Performance Units. Performance Units shall be denominated in a specified dollar amount and, contingent upon the attainment of specified Performance Objectives within a specified Performance Cycle, represent the right to receive payment as
provided in Sections 10.1(c) and (d) of the specified dollar amount or a percentage (which may be more than 
  

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100%) of the specified dollar amount depending on the level of Performance Objective attained; provided, however, that the Committee may at the time a Performance Unit is granted
specify a maximum amount payable in respect of a vested Performance Unit. Each Agreement shall specify the dollar amount of Performance Units to which it relates, the Performance Objectives which must be satisfied in order for the Performance Units
to vest and the Performance Cycle within which such Performance Objectives must be satisfied. 
 (b) Performance Shares.
Performance Shares shall be denominated in Shares and, contingent upon the attainment of specified Performance Objectives within the Performance Cycle, each Performance Share represents the right to receive payment as provided in Sections 10.1(c)
and (d) of the Fair Market Value of a Share on the date the Performance Share was granted, the date the Performance Share became vested or any other date specified by the Committee or a percentage (which may be more than 100%) of such amount
depending on the level of Performance Objective attained; provided, however, that the Committee may at the time a Performance Share is granted specify a maximum amount payable in respect of a vested Performance Share. Each Agreement
shall specify the number of Performance Shares to which it relates, the Performance Objectives which must be satisfied in order for the Performance Shares to vest and the Performance Cycle within which such Performance Objectives must be satisfied.

 (c) Vesting and Forfeiture. A Grantee shall become vested with respect to the Performance Shares and Performance
Units to the extent that the Performance Objectives set forth in the Agreement are satisfied for the Performance Cycle. 
 (d)
Payment of Awards. Subject to Section 10.4(c), payment to Grantees in respect of vested Performance Shares and Performance Units shall be made as soon as practicable after the last day of the Performance Cycle to which such Award relates
or at such other time or times as the Committee may determine. Such payments may be made entirely in Shares valued at their Fair Market Value, entirely in cash or in such combination of Shares and cash as the Committee in its discretion shall
determine at any time prior to such payment; provided, however, that if the Committee in its discretion determines to make such payment entirely or partially in Shares of Restricted Stock, the Committee shall determine the extent to
which such payment will be in Shares of Restricted Stock and the terms of such Restricted Stock at the time the Award is granted. 

10.2. Performance-Based Restricted Stock. The Committee, in its discretion, may grant Awards of Performance-Based Restricted Stock
to Eligible Individuals, the terms and conditions of which shall be set forth in an Agreement between the Company and the Grantee. Each Agreement shall specify the number of Shares of Performance-Based Restricted Stock to which it relates, the
Performance Objectives which must be satisfied in order for the such Shares to vest and restriction thereon to lapse, and the Performance Cycle within which such Performance Objectives must be satisfied, and may require that an appropriate legend be
placed on Share certificates. Awards of Performance-Based Restricted Stock shall be subject to the following terms and provisions: 

(a) Rights of Grantee. Shares of Performance-Based Restricted Stock granted pursuant to an Award hereunder shall be issued in the
name of the Grantee as soon as 
  

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reasonably practicable after the Award is granted provided that the Grantee has executed an Agreement evidencing the Award, the appropriate blank stock powers and, in the discretion of the
Committee, an escrow agreement and any other documents which the Committee may require as a condition to the issuance of such Performance-Based Restricted Stock. If a Grantee shall fail to execute the Agreement evidencing an Award of
Performance-Based Restricted Stock, the appropriate blank stock powers and, in the discretion of the Committee, an escrow agreement and any other documents which the Committee may require within the time period prescribed by the Committee at the
time the Award is granted, the Award shall be null and void. At the discretion of the Committee, Shares issued in connection with an Award of Performance-Based Restricted Stock shall be deposited together with the stock powers with the Company as
escrow agent (or other escrow agent designated by the Committee). Except as restricted by the terms of the Agreement, upon delivery of the Shares to the escrow agent, the Grantee shall have, in the discretion of the Committee, all of the rights of a
stockholder with respect to such Shares, including the right to vote the Shares and to receive all dividends or other distributions paid or made with respect to the Shares. 

(b) No Sale or Transfer. Until all restrictions upon the Performance-Based Restricted Stock awarded to a Grantee shall have
lapsed in the manner set forth in Section 10.2(c), the Grantee shall not sell, transfer, assign, exchange, pledge, encumber or otherwise dispose of the Performance-Based Restricted Stock, nor shall it be delivered to the Grantee. The Committee
may also impose such other restrictions and conditions on the Performance-Based Restricted Stock, if any, as it deems appropriate. 

(c) Lapse of Restrictions. To the extent that the Performance Objectives set forth in the Agreement are satisfied for the
Performance Cycle, restrictions upon Performance-Based Restricted Stock awarded hereunder shall lapse at such time or times and on such terms, conditions and satisfaction of Performance Objectives as the Committee may, in its discretion, determine.
In the event that the Performance Objectives set forth in the Agreement are not fully satisfied for the Performance Cycle, the Performance-Based Restricted Stock shall be forfeited to the extent set forth in the Agreement. 

(d) Treatment of Dividends. At the time the Award of Performance-Based Restricted Stock is granted, the Committee may, in its
discretion, determine that the payment to the Grantee of dividends, or a specified portion thereof, declared or paid on Shares represented by such Award which have been issued by the Company to the Grantee shall be (i) deferred until the
lapsing of the restrictions imposed upon such Performance-Based Restricted Stock and (ii) held by the Company for the account of the Grantee until such time. In the event that dividends are to be deferred, the Committee shall determine whether
such dividends are to be reinvested in shares of Stock (which shall be held as additional Shares of Performance-Based Restricted Stock) or held in cash. If deferred dividends are to be held in cash, there may be credited at the end of each year (or
portion thereof) interest on the amount of the account at the beginning of the year at a rate per annum as the Committee, in its discretion, may determine. Payment of deferred dividends in respect of Shares of Performance-Based Restricted Stock
(whether held in cash or as additional Shares of Performance-Based Restricted Stock), together with interest accrued thereon, if any, shall be made upon the lapsing of restrictions imposed on the Performance-Based Restricted Stock in respect of
which the deferred dividends were paid, and any dividends deferred (together with any interest accrued thereon) in respect of any Shares of Performance-Based Restricted Stock shall be forfeited upon the forfeiture of such Shares. 

 

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 (e) Delivery of Shares. Upon the lapse of restrictions on Shares of
Performance-Based Restricted Stock awarded hereunder, the Company may maintain the Shares in book-entry form; provided, however, that if the Grantee so requests, the Committee shall cause a stock certificate to be delivered to the
Grantee with respect to such Shares, free of all restrictions hereunder. 
 10.3. Cash Incentive Awards. 

(a) Grants of Cash Incentive Awards. The Committee may, in its discretion, grant Cash Incentive Awards to Eligible Individuals,
which shall represent the right, contingent upon the attainment of specified Performance Objectives within a specified Performance Cycle, to receive a payment of a specified dollar amount or a percentage (which may be more than 100%) of the
specified dollar amount depending on the level of Performance Objective attained; provided, however, that the Committee may at the time a Cash Incentive Award is granted specify a maximum amount payable in respect of such Cash
Incentive Award. The terms and conditions of each Cash Incentive Award shall be set forth in an Agreement between the Company and the Grantee. Each Agreement shall specify the dollar amount subject to such Award, the Performance Objectives which
must be satisfied in order for the Award to be paid and the Performance Cycle within which such Performance Objectives must be satisfied. In the event that the Committee grants Cash Incentive Awards expressed as percentage interests in a bonus pool
payment which is subject to the satisfaction of Performance Objectives, (i) the aggregate of all such percentage interests may not exceed 100% and (ii) the forfeiture or other reduction of the percentage interest of any Grantee in the
bonus pool may not increase the amount of an Award paid to any other Grantee. The Committee may determine that different Performance Objectives are applicable to different Grantees with respect to a specified Performance Cycle. 

(b) Payment of Awards. Each Cash Incentive Award to the extent earned shall be paid in a single lump sum cash payment or, if
determined by the Committee at the time of grant, in a number of Shares with a Fair Market Value equal to all or a portion of such cash amount (with any portion not paid in Shares to be paid in cash; provided, however, that if the
Committee in its discretion determines to make such payment entirely or partially in Shares of Restricted Stock, the Committee shall determine the extent to which such payment will be in Shares of Restricted Stock and the terms of such Restricted
Stock at the time the Award is granted) as soon as practicable following the Committee’s certification described in Section 10.4(c) but in any event not later than the end of the fiscal year in which such certification is made. 

10.4. Performance Objectives. 

(a) Establishment. Performance Objectives for Performance Awards may be expressed in terms of (i) revenue,
(ii) earnings per Share, (iii) net income per Share, (iv) Share price, (v) pre-tax profits, (vi) net earnings, (vii) net income, (viii) operating income, (ix) cash flow, (x) earnings before interest,
taxes, depreciation and amortization (EBITDA), (xi)
  

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sales, (xii) total stockholder return relative to assets, (xiii) total stockholder return relative to peers, (xiv) financial returns (including, without limitation, return on
assets, return on equity and return on investment), (xv) cost reduction targets, (xvi) customer satisfaction, (xvii) customer growth, (xviii) employee satisfaction, (xviv) EBITDA margin, (xx) operating margin,
(xxi) net margin, (xxii) gross margin, (xxiii) revenue growth, (xxiv) new contract win, (xxv) per-days sales outstanding, or (xxvi) any combination of the foregoing, as the Committee may determine. Performance
Objectives may be in respect of the performance of the Company, any of its Subsidiaries, any of its Divisions or any combination thereof. Performance Objectives may be absolute or relative (to prior performance of the Company or to the performance
of one or more other entities or external indices) and may be expressed in terms of a progression within a specified range. The Performance Objectives with respect to a Performance Cycle shall be established in writing by the Committee by the
earlier of (x) the date on which a quarter of the Performance Cycle has elapsed and (y) the date which is ninety days after the commencement of the Performance Cycle, and in any event while the performance relating to the Performance
Objectives remain substantially uncertain. 
 (b) Effect of Certain Events. Unless otherwise provided by the Committee
at the time the Performance Objectives in respect of a Performance Award are established, performance shall be adjusted to omit the effects of extraordinary items, gain or loss on the disposal of a business segment (other than provisions for
operating losses or income during the phase-out period), unusual or infrequently occurring events and transactions that have been publicly disclosed and the cumulative effects of changes in accounting principles, all as determined in accordance with
generally accepted accounting principles (to the extent applicable). In addition, at the time of the granting of a Performance Award or at any time thereafter, the Committee may provide for the manner in which performance will be measured against
the Performance Objectives (or may adjust the Performance Objectives) to reflect the impact of specified corporate transactions (such as a stock split or stock dividend), special charges, and tax law changes; provided, that such provisions
shall be permitted only to the extent permitted under Section 162(m) of the Code and the regulations promulgated thereunder without adversely affecting the treatment of any Performance Award as Performance-Based Compensation. 

(c) Determination of Performance. Prior to the vesting, payment, settlement or lapsing of any restrictions with respect to any
Performance Award that is intended to constitute Performance-Based Compensation made to a Grantee who is subject to Section 162(m) of the Code, the Committee shall certify in writing that the applicable Performance Objectives have been
satisfied to the extent necessary for such Award to qualify as Performance Based Compensation. The Committee shall not be entitled to exercise any discretion otherwise authorized hereunder with respect to Awards intended to constitute
Performance-Based Compensation made to a Grantee who is subject to Section 162(m) of the Code if the ability to exercise such discretion or the exercise of such discretion itself would cause the compensation attributable to such Awards to fail
to qualify as Performance-Based Compensation. A Performance Award may be reduced in the discretion of the Committee at any time before payment or lapsing of restrictions. 

10.5. No Sale or Transfer. Until the vesting of Performance Units or Performance Shares, or the lapsing of any restrictions on
Performance-Based Restricted Stock, as 
  

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the case may be, such Performance Units, Performance Shares or Performance-Based Restricted Stock shall not be sold, transferred, assigned, exchanged or otherwise disposed of and shall not be
pledged or otherwise encumbered. Cash Incentive Awards shall not be sold, transferred or otherwise disposed of and shall not be pledged or otherwise hypothecated. 

11. Other Stock-Based Awards. 

11.1. Share Awards. The Committee may grant a Share Award to any Eligible Individual on such terms and conditions as the Committee
may determine in its sole discretion. Share Awards may be made as additional compensation for services rendered by the Eligible Individual or may be in lieu of cash or other compensation to which the Eligible Individual is entitled from the Company.

 11.2. Phantom Stock Awards. 

(a) Grant. The Committee may, in its discretion, grant shares of Phantom Stock to any Eligible Individual. Such Phantom Stock
shall be subject to the terms and conditions established by the Committee and set forth in the applicable Agreement. 
 (b)
Payment of Awards. Upon the vesting of a Phantom Stock Award, the Grantee shall be entitled to receive, as determined by the Committee at the time of grant, (i) a cash payment in respect of each share of Phantom Stock which shall be
equal to the Fair Market Value of a Share as of the date the Phantom Stock Award was granted, or such other date as determined by the Committee at the time the Phantom Stock Award was granted, or (ii) Shares having a Fair Market Value equal to
the cash payment to which the Grantee has become entitled. The Committee may, at the time a Phantom Stock Award is granted, provide a limitation on the amount payable in respect of each share of Phantom Stock. 

12. Effect of a Termination of Employment or Service. 

The Agreement evidencing the grant of each Option and each Award shall set forth the terms and conditions applicable to such Option or
Award upon a termination of the employment or service of the Optionee or Grantee by the Company, a Subsidiary or a Division (including a termination or change by reason of the sale of a Subsidiary or a Division). Unless set forth otherwise in an
Agreement or as required by applicable law (including Section 409A of the Code), (1) the transfer of employment of an Optionee from the Company to a Subsidiary or from a Subsidiary to the Company (or among the Divisions of the Company or a
Subsidiary) shall not constitute a termination of employment, and (2) if an individual is both an employee of the Company and/or a Subsidiary and a Director, his or her cessation of services in fewer than all such capacities shall not
constitute a termination of his or her employment or services. 
 13. Adjustment Upon Changes in Capitalization.

 13.1. In the event of a Change in Capitalization, the Committee shall make such adjustments, if any, as it determines are
equitable and appropriate to (a) the maximum number and class of Shares or other stock or securities with respect to which Options or Awards may be granted under the Plan, (b) the maximum number and class of Shares or other stock or
securities that may be issued upon exercise of Incentive Stock Options, (c) the maximum number and class 
  

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of Shares or other stock or securities with respect to which Options or Awards may be granted to any Eligible Individual in any calendar year, (d) the number and class of Shares or other
stock or securities which are subject to outstanding Options or Awards granted under the Plan and the exercise price therefor, if applicable, and (e) the Performance Objectives. 

13.2. Any such adjustment in the Shares or other stock or securities (a) subject to outstanding Incentive Stock Options (including
any adjustments in the exercise price) shall be made in such manner as not to constitute a modification as defined by Section 424(h)(3) of the Code and only to the extent permitted by Sections 422 and 424 of the Code or (b) subject to
outstanding Awards that are subject to Section 409A of the Code shall be made only to the extent permitted by Section 409A of the Code or (c) subject to outstanding Options or Awards that are intended to qualify as Performance-Based
Compensation shall be made in such a manner as not to adversely affect the treatment of the Options or Awards as Performance-Based Compensation. 

13.3. If, by reason of any such adjustment, a Grantee shall be entitled to, or an Optionee shall be entitled to exercise an Option, with
respect to, new, additional or different shares of stock or securities of the Company or any other corporation, such new, additional or different shares shall thereupon be subject to all of the conditions, restrictions and performance criteria which
were applicable to the Shares subject to the Award or Option, as the case may be, prior to such adjustment. 
 14. Effect
of Certain Transactions. 
 14.1. Subject to Section 6.3 or as otherwise provided in an Agreement, in the event of
(a) the liquidation or dissolution of the Company or (b) a merger or consolidation of the Company (a “Transaction”), the Plan and the Options and Awards issued hereunder shall continue in effect in accordance with their
respective terms, except that following a Transaction either (i) each outstanding Option or Award shall be treated as provided for in the agreement entered into in connection with the Transaction or (ii) if not so provided in such
agreement, each Optionee and Grantee shall be entitled to receive in respect of each Share subject to any outstanding Options or Awards, as the case may be, upon exercise of any Option or payment or transfer in respect of any Award, the same number
and kind of stock, securities, cash, property or other consideration that each holder of a Share was entitled to receive in the Transaction in respect of a Share; provided, however, that, unless otherwise determined by the Committee,
such stock, securities, cash, property or other consideration shall remain subject to all of the conditions, restrictions and performance criteria which were applicable to the Options and Awards prior to such Transaction. Without limiting the
generality of the foregoing, the treatment of outstanding Options and Stock Appreciation Rights pursuant to this Section 14.1 in connection with a Transaction in which the consideration paid or distributed to the Company’s stockholders is
not entirely shares of common stock of the acquiring or resulting corporation may include the cancellation of outstanding Options and Stock Appreciation Rights upon consummation of the Transaction provided either (x) the holders of affected
Options and Stock Appreciation Rights have been given a period of at least fifteen days prior to the date of the consummation of the Transaction to exercise the Options or Stock Appreciation Rights (whether or not they were otherwise exercisable) or
(y) the holders of the affected Options and Stock Appreciation Rights are paid (in cash or cash equivalents) in respect of each Share covered by the Option or Stock Appreciation Right being cancelled an amount equal to the excess, if any, of

  

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the per share price paid or distributed to stockholders in the transaction (the value of any non-cash consideration to be determined by the Committee in its sole discretion) over the exercise
price of the Option or Stock Appreciation Right. For avoidance of doubt, (1) the cancellation of Options and Stock Appreciation Rights pursuant to clause (y) of the preceding sentence may be effected notwithstanding anything to the
contrary contained in this Plan or any Agreement and (2) if the amount determined pursuant to clause (y) of the preceding sentence is zero or less, the affected Option or Stock Appreciation Right may be cancelled without any payment
therefor. The treatment of any Option or Award as provided in this Section 14.1 shall be conclusively presumed to be appropriate for purposes of Section 13. 

14.2. The Committee may provide, in an Agreement or at any time thereafter, that Options or Awards may become vested and/or exercisable
and may become free of restrictions, to the extent of all or any portion of such Option or Award, in the event of a change in ownership or effective control of the Company. 

15. Interpretation. 

15.1. Section 16 Compliance. The Plan is intended to comply with Rule 16b-3 promulgated under the Exchange Act and the
Committee shall interpret and administer the provisions of the Plan or any Agreement in a manner consistent therewith. Any provisions inconsistent with such Rule shall be inoperative and shall not affect the validity of the Plan. 

15.2. Section 162(m). Unless otherwise determined by the Committee, if any provision of the Plan or any Agreement relating to
an Option or Award intended to be Performance-Based Compensation does not comply or is inconsistent with Section 162(m) of the Code or the regulations promulgated thereunder, such provision shall be construed or deemed amended to the extent
necessary to conform to such requirements, and no provision shall be deemed to confer upon the Committee discretion to increase the amount of compensation otherwise payable to an Eligible Individual in connection with any such Option or Award upon
the attainment of the Performance Objectives. 
 15.3. Compliance With Section 409A. All Options and Awards granted
under the plan are intended either not to be subject to Section 409A of the Code or, if subject to Section 409A of the Code, to be administered, operated and construed in compliance with Section 409A of the Code and any guidance
issued thereunder. Notwithstanding this or any other provision of the Plan to the contrary, the Committee may amend the Plan or any Option or Award granted hereunder in any manner, or take any other action, that it determines, in its sole
discretion, is necessary, appropriate or advisable to cause the Plan or any Option or Award granted hereunder to comply with Section 409A and any guidance issued thereunder. Any such action, once taken, shall be deemed to be effective from the
earliest date necessary to avoid a violation of Section 409A and shall be final, binding and conclusive on all Eligible Individuals and other individuals having or claiming any right or interest under the Plan. Notwithstanding anything in the
Plan to the contrary, in no event shall the Committee exercise its discretion to accelerate the payment or settlement of an Award where such payment or settlement constitutes deferred compensation within the meaning of Section 409A unless, and
solely to the extent that, such accelerated payment or settlement is permissible under Treasury Regulation section 1.409A-3(j)(4) or any successor provision. 
  

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 16. Termination and Amendment of the Plan/Modification of Options and Awards.

 16.1. Plan Amendment or Termination. The Plan shall terminate on August 12, 2020, and no Option or Award may be
granted thereafter. Subject to other applicable provisions of the Plan, all Options and Awards made under the Plan prior to termination of the Plan shall remain in effect until such Options and Awards have been satisfied or terminated in accordance
with the Plan and the terms of the applicable Agreements. The Board may sooner terminate the Plan and the Board may at any time and from time to time amend, modify or suspend the Plan; provided, however, that: 

(a) no such amendment, modification, suspension or termination shall impair or adversely alter any Options or Awards theretofore granted
under the Plan, except with the consent of the Optionee or Grantee, nor shall any amendment, modification, suspension or termination deprive any Optionee or Grantee of any Shares which he or she may have acquired through or as a result of the Plan;

 (b) to the extent necessary under any applicable law, regulation or exchange requirement, no amendment shall be effective
unless approved by the stockholders of the Company in accordance with such applicable law, regulation or exchange requirement; and 

(c) without the approval of the Company’s stockholders, no amendment may be made which would (i) increase the aggregate number
of Shares that may be issued under this Plan (except by operation of Sections 4.1 and 4.2); (ii) change the definition of Eligible Individuals eligible to receive Options and Awards under this Plan; (iii) decrease the option price of any
Option to less than 100% of the Fair Market Value on the date of grant; (iv) reduce the option price of an outstanding Option, either by lowering the option price or by cancelling an outstanding Option and granting a replacement Option with a
lower exercise price; (v) extend the maximum Option duration under Section 5.3 of the Plan or the maximum Stock Appreciation Right term under Section 7.4 of the Plan; or (vi) amend this Section 16.1(c). 

16.2. Modification of Options and Awards. No modification of an Option or Award shall adversely alter or impair any rights or
obligations under the Option or Award without the consent of the Optionee or Grantee, as the case may be; provided, however, that no action taken with respect to an Option or Award pursuant to Section 13 or 14.1 shall be deemed a
modification that requires such consent of an Optionee or Grantee. 
 17. Non-Exclusivity of the Plan. 

The adoption of the Plan by the Board shall not be construed as amending, modifying or rescinding any previously approved incentive
arrangement or 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 the Plan, and such
arrangements may be either applicable generally or only in specific cases. 
  

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 18. Limitation of Liability. 

As illustrative of the limitations of liability of the Company, but not intended to be exhaustive thereof, nothing in the Plan shall be
construed to: 
 (a) give any person any right to be granted an Option or Award other than at the sole discretion of the
Committee; 
 (b) give any person any rights whatsoever with respect to Shares except as specifically provided in the Plan;

 (c) limit in any way the right of the Company or any Subsidiary to terminate the employment or service of any person at any
time; or 
 (d) be evidence of any agreement or understanding, expressed or implied, that the Company will employ any person at
any particular rate of compensation or for any particular period of time. 
 19. Regulations and Other Approvals;
Governing Law. 
 19.1. Except as to matters of federal law, the Plan and the rights of all persons claiming hereunder
shall be construed and determined in accordance with the laws of the State of Delaware without giving effect to conflicts of laws principles thereof. 

19.2. The obligation of the Company to sell or deliver Shares with respect to Options and Awards granted under the Plan shall be subject
to all applicable laws, rules and regulations, including all applicable federal and state securities laws, and the obtaining of all such approvals by governmental agencies as may be deemed necessary or appropriate by the Committee. 

19.3. The Board may make such changes as may be necessary or appropriate to comply with the rules and regulations of any government
authority, or to obtain for Eligible Individuals granted Incentive Stock Options the tax benefits under the applicable provisions of the Code and regulations promulgated thereunder. 

19.4. Each Option and Award is subject to the requirement that, if at any time the Committee determines, in its discretion, that the
listing, registration or qualification of Shares issuable pursuant to the Plan is required by any securities exchange or under any state or federal law, or the consent or approval of any governmental regulatory body is necessary or desirable as a
condition of, or in connection with, the grant of an Option or Award or the issuance of Shares, no Options or Awards shall be granted or payment made or Shares issued, in whole or in part, unless listing, registration, qualification, consent or
approval has been effected or obtained free of any conditions as acceptable to the Committee. 
 19.5. Notwithstanding anything
contained in the Plan or any Agreement to the contrary, in the event that the disposition of Shares acquired pursuant to the Plan is not covered by a then current registration statement under the Securities Act and is not otherwise exempt from such
registration, such Shares shall be restricted against transfer to the extent required by 
  

 - 22 - 

 
the Securities Act and Rule 144 or other regulations thereunder. The Committee may require any individual receiving Shares pursuant to an Option or Award granted under the Plan, as a condition
precedent to receipt of such Shares, to represent and warrant to the Company in writing that the Shares acquired by such individual are acquired without a view to any distribution thereof and will not be sold or transferred other than pursuant to an
effective registration thereof under the Securities Act or pursuant to an exemption applicable under the Securities Act or the rules and regulations promulgated thereunder. The certificates evidencing any of such Shares shall be appropriately
amended or have an appropriate legend placed thereon to reflect their status as restricted securities as aforesaid. 
 20.
Miscellaneous. 
 20.1. Multiple Agreements. The terms of each Option or Award may differ from other
Options or Awards granted under the Plan at the same time, or at some other time. The Committee may also grant more than one Option or Award to a given Eligible Individual during the term of the Plan, either in addition to, or in substitution for,
one or more Options or Awards previously granted to that Eligible Individual. 
 20.2. Withholding of Taxes. 

(a) At such times as an Optionee or Grantee recognizes taxable income in connection with an Option or Award or the receipt of Shares or
cash hereunder (a “Taxable Event”), the Optionee or Grantee shall pay to the Company an amount equal to the federal, state and local income taxes and other amounts as may be required by law to be withheld by the Company in
connection with the Taxable Event (the “Withholding Taxes”) prior to the issuance, or release from escrow, of such Shares or the payment of such cash. The Company shall have the right to deduct from any payment of cash or delivery
of Shares to an Optionee or Grantee an amount equal to the Withholding Taxes in satisfaction of the obligation to pay Withholding Taxes. The Committee may provide in an Agreement at the time of grant, or at any time thereafter, that the Optionee or
Grantee, in satisfaction of the obligation to pay Withholding Taxes to the Company, may elect to have withheld a portion of the cash then payable to him or her or the Shares then issuable to him or her, in either case having an aggregate Fair Market
Value equal to the Withholding Taxes (but, in the case of withholding of Shares, only to the extent such withholding does not exceed in amount the minimum statutory tax withholding obligation and complies with Section 13(k) of the Exchange Act
and other applicable laws, rules and regulations). 
 (b) If an Optionee makes a disposition, within the meaning of
Section 424(c) of the Code and regulations promulgated thereunder, of any Share or Shares issued to such Optionee pursuant to the exercise of an Incentive Stock Option within the two-year period commencing on the day after the date of the grant
or within the one-year period commencing on the day after the date of transfer of such Share or Shares to the Optionee pursuant to such exercise, the Optionee shall, within ten days of such disposition, notify the Company thereof, by delivery of
written notice to the Company at its principal executive office. 
 20.3. Effective Date. The Plan was initially adopted
by the Board on April 11, 2007 and approved by the stockholders of the Company on August 8, 2007. The effective date 

 

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of the Plan, as amended and restated herein, shall be September 20, 2010, subject to the approval by the affirmative vote or written consent of the holders of a majority of the outstanding
shares of voting capital stock of the Company in accordance with the applicable laws of the State of Delaware within twelve months after the adoption of the Plan, as amended and restated herein, by the Board. 

 

 - 24 -Supplemental Indenture

 Exhibit 4.4 

SUPPLEMENTAL INDENTURE 

(Cott U.S. Acquisition LLC) 

SUPPLEMENTAL INDENTURE (this “Supplemental Indenture”), dated as of August 12, 2010, among Cott U.S. Acquisition
LLC (the “Guaranteeing Subsidiary”), a subsidiary of Cott Corporation (or its permitted successor), a Canadian corporation (“Cott”), Cott Beverages Inc., as Issuer, the other Guarantors (as defined in the Indenture
referred to herein) and HSBC Bank USA, National Association, as trustee under the indenture referred to below (the “Trustee”). 

W I T N E S S E T H 

WHEREAS, each of the Issuer, Cott and the Guarantors has heretofore executed and delivered to the Trustee an indenture (the
“Indenture”), dated as of November 13, 2009 providing for the initial issuance of an aggregate principal amount of up to $215.0 million of 8.375% Senior Notes due 2017 (the “Notes”); 

WHEREAS, the Indenture provides that under certain circumstances the Guaranteeing Subsidiary shall execute and deliver to the Trustee a
supplemental indenture pursuant to which the Guaranteeing Subsidiary shall unconditionally guarantee all of the Issuer’s Obligations under the Notes and the Indenture on the terms and conditions set forth herein and under the Indenture (the
“Guarantee”); and 
 WHEREAS, pursuant to Section 9.1 of the Indenture, the Trustee is authorized to
execute and deliver this Supplemental Indenture. 
 NOW THEREFORE, in consideration of the foregoing and for other good and
valuable consideration, the receipt of which is hereby acknowledged, the Guaranteeing Subsidiary and the Trustee mutually covenant and agree for the equal and ratable benefit of the Holders of the Notes as follows: 

1. Capitalized Terms. Capitalized terms used herein without definition shall have the meanings assigned to them in the Indenture.

 2. Agreement to be Bound. The Guaranteeing Subsidiary hereby becomes a party to the Indenture as a Guarantor and as
such shall have all of the rights and be subject to all of the obligations and agreements of a Guarantor under the Indenture. 

3. Indenture Provision Pursuant to which Guarantee is Given. This Supplemental Indenture is being executed and delivered pursuant
to Section 4.15 or 10.5 of the Indenture. 
 4. Agreement to Guarantee. The Guaranteeing Subsidiary hereby agrees as
follows: 
 (a) Along with all Guarantors named in the Indenture, to jointly and severally Guarantee to each Holder of a Note
authenticated by the Trustee and to the Trustee and its successors and assigns that the principal of, premium, if any, and interest and Liquidated Damages, if any, on the Notes will be promptly paid in full when due, subject to any applicable grace
period, whether at maturity, by acceleration or otherwise, and interest on the overdue principal and interest on any overdue interest on the Notes, if any, and all other obligations of the Issuer to the Holders or the Trustee under the Indenture or
under the Notes will be promptly paid in full or performed, all in accordance with the terms hereof and thereof, subject, however, to the limitations set forth in Section 10.3 of the Indenture. 

(b) The obligations hereunder shall be unconditional, irrespective of the validity, regularity or enforceability of the Notes or the
Indenture, the absence of any action to enforce the same, any waiver or consent by any Holder of the Notes with respect to any provisions hereof or thereof, the recovery of any judgment against the Issuer, any action to enforce the same or any other
circumstance which might otherwise constitute a legal or equitable discharge or defense of a Guarantor. 

 (c) The Guaranteeing Subsidiary hereby waives: diligence, presentment, demand of payment,
filing of claims with a court in the event of insolvency or bankruptcy of the Issuer, any right to require a proceeding first against the Issuer, protest, notice and all demands whatsoever. 

(d) This Guarantee shall not be discharged except by complete performance of the obligations contained in the Notes and the Indenture.

 (e) If any Holder or the Trustee is required by any court or otherwise to return to the Issuer or any Guarantor, or any
custodian, trustee, liquidator or other similar official acting in relation to the Issuer or any Guarantor, any amount paid by the Issuer or any Guarantor to the Trustee or such Holder, this Guarantee, to the extent theretofore discharged, shall be
reinstated in full force and effect. 
 (f) The Guaranteeing Subsidiary agrees that any claim against the Issuer that arises
from the payment, performance or enforcement of the Guaranteeing Subsidiary’s obligations under this Guarantee or the Indenture, including, without limitation, any right of subrogation, shall be subject and subordinate to, and no payment with
respect to any such claim of the Guaranteeing Subsidiary shall be made before, the payment in full in cash of all outstanding Notes in accordance with the provisions provided therefor in the Indenture. 

(g) As between the Guarantors, on the one hand, and the Holders and the Trustee, on the other hand, (x) the maturity of the
obligations guaranteed hereby may be accelerated as provided in Article VI of the Indenture for the purposes of this Guarantee, notwithstanding any stay, injunction or other prohibition preventing such acceleration in respect of the obligations
guaranteed hereby, and (y) in the event of any acceleration of such obligations as provided in Article VI of the Indenture, such obligations (whether or not due and payable) shall forthwith become due and payable by each Guarantor for the
purpose of this Guarantee. 
 (h) The Guarantors agree, inter se, that in the event any payment or distribution is made by any
Guarantor (a “Funding Guarantor”) under the Guarantees, such Funding Guarantor shall be entitled to a contribution from all other Guarantors in a pro rata amount, based on the net assets of each Guarantor (including the Funding
Guarantor), determined in accordance with GAAP, subject to Section 10.3 of the Indenture, for all payments, damages and expenses incurred by such Funding Guarantor in discharging the Issuer’s obligations with respect to the Notes or any
other Guarantor’s obligations under the Guarantees, as the case may be. 
 (i) The obligations of the Guaranteeing
Subsidiary under this Guarantee shall be limited to the extent set forth in Section 10.3. 
 (j) This Guarantee inures to
the benefit of and is enforceable by the Trustee, the Holders and their successors, transferees and assigns. 
 5. Execution
and Delivery. Each Guaranteeing Subsidiary agrees that the Guarantees shall remain in full force and effect notwithstanding any failure to endorse on each Note a notation of any such Guarantees. 

6. Merger, Consolidation, or Sale or Lease of Assets. The Guaranteeing Subsidiary shall not sell or otherwise dispose of all or
substantially all of its assets to, or consolidate with or merge with or into another Person (other than the Issuer or another Guarantor) except in accordance with Section 5.1(b) of the Indenture. This Guarantee will be released in accordance
with Section 5.1(b) of the Indenture. 
 7. No Recourse Against Others. No director, officer, employee, incorporator
or stockholder of the Guaranteeing Subsidiary, as such, shall have any liability for any obligations of the Issuer, Cott or any Guaranteeing Subsidiary under the Notes, any Guarantees, the Indenture or this Supplemental Indenture or for any claim
based on, in respect of, or by reason of, such obligations or their creation. Each Holder of the Notes by accepting a Note waives and releases all such liability. The waiver and release are part of the consideration for issuance of the Notes. Such
waiver may not be effective to waive liabilities under the federal securities laws and it is the view of the Commission that such a waiver is against public policy. 

8. Fees and Expenses. The Guaranteeing Subsidiary hereby agrees to pay any and all expenses (including reasonable counsel fees and
expenses) incurred by the Trustee or the Holders in enforcing any rights under the Guarantees. 
  

 - 2 - 

 9. Governing Law. THIS SUPPLEMENTAL INDENTURE SHALL BE GOVERNED BY AND CONSTRUED IN
ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK. 
 10. Counterparts. The parties may sign any number of copies of this
Supplemental Indenture. Each signed copy shall be an original, but all of them together represent the same agreement. 
 11.
Effect of Headings. The Section headings herein are for convenience only and shall not affect the construction hereof. 

12. The Trustee. The Trustee shall not be responsible in any manner whatsoever for or in respect of the validity or sufficiency of
this Supplemental Indenture or for or in respect of the recitals contained herein, all of which recitals are made solely by the Guaranteeing Subsidiary and the Issuer. 

13. Benefits Acknowledged. The Guaranteeing Subsidiary’s Guarantee is subject to the terms and conditions set forth in the
Indenture. The Guaranteeing Subsidiary acknowledges that it will receive direct and indirect benefits from the financing arrangements contemplated by the Indenture and this Supplemental Indenture and that the guarantee and waivers made by it
pursuant to this Guarantee are knowingly made in contemplation of such benefits. 
 14. Successors. All agreements of the
Guaranteeing Subsidiary in this Supplemental Indenture shall bind its successors, except as otherwise provided in the Indenture. All agreements of the Trustee in this Supplemental Indenture shall bind its successors. 

 

 - 3 - 

 IN WITNESS WHEREOF, the parties hereto have caused this Supplemental Indenture to be duly
executed, all as of the date first above written. 
 Dated: August 12, 2010 

 

			
	COTT U.S. ACQUISITION LLC
		
	By:	 	 /s/ Michael Zimmerman

	Name:	 	Michael Zimmerman
	Title:	 	Treasurer

  

			
	HSBC BANK USA, NATIONAL ASSOCIATION, as Trustee
		
	By:	 	 /s/ Herawattee Alli

	Name:	 	Herawattee Alli
	Title:	 	Vice President

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