Document:

EX-10.34

 Exhibit 10.34 
 AIRCRAFT TIME SHARING AGREEMENT 
 Effective as of
the 1st day of January 2012, 

between 

Allegheny Technologies Incorporated 
 as Time Share Lessor, 
 and 

Richard J. Harshman 
 as Time Share Lessee, 
 *  *   * 

INSTRUCTIONS FOR COMPLIANCE WITH 
 “TRUTH IN LEASING” REQUIREMENTS UNDER FAR §91.23 

Within 24 hours after execution of this Agreement: 
 mail a copy of the executed document to the 
 following address via certified mail,
return receipt requested: 
 Federal Aviation Administration 

Aircraft Registration Branch 
 ATTN: Technical Section 
 P.O. Box 25724 

Oklahoma City, Oklahoma 73125 
 At least 48 hours prior to the first flight of the Aircraft to be conducted under this Agreement: 
 provide notice, using the FSDO Notification Letter in Exhibit A, 
 of the
departure airport and proposed time of departure of the 
 first flight, by facsimile, to the Flight Standards 

District Office located nearest the departure airport. 
 Carry a copy of this Agreement in the Aircraft at all times. 

*  *  * 

 This AIRCRAFT TIME SHARING AGREEMENT (the “Agreement”)
is made and effective as of the 1st day of January 2012
(the “Effective Date”), by and between Allegheny Technologies Incorporated (“Time Share Lessor”), and Richard J. Harshman (“Time Share Lessee”). 

W I T N E S S E T H : 
 WHEREAS, Time Share Lessee desires to lease the Aircraft (as defined below) with a flight crew on a non-exclusive basis from Time Share Lessor on a time sharing basis as defined in
Section 91.501(c)(1) of the FAR; 
 WHEREAS, Time Share Lessor is willing to lease the Aircraft, with a flight crew,
on a non-exclusive basis, to Time Share Lessee on a time sharing basis; and 
 WHEREAS, during the Term of this
Agreement, the Aircraft will be subject to use by Time Share Lessor and may be subject to use by one or more other third-parties. 
 NOW, THEREFORE, in consideration of the mutual promises herein contained and other good and valid consideration, the receipt and sufficiency of which are hereby acknowledged, the parties agree as
follows: 
  

	1.	Definitions. The following terms shall have the following meanings for all purposes of this Agreement: 

“Aircraft” means the Aircraft fractionally owned or leased by Time Share Lessor from time to time, including: 

 

	 	•	 	 Citation X, serial number 750-0110, Tail Number N953QS; 

 

	 	•	 	 Citation Encore, serial number 560-0706, Tail Number N802QS; 

 

	 	•	 	 Citation Sovereign (CE-680), serial number 680-0134, Tail Number N323QS; and 

 

	 	•	 	 Citation Sovereign, serial number 680-0144, Tail Number N397QS. 

“Aircraft Documents” means all flight records, maintenance records, historical records, modification records, overhaul
records, manuals, logbooks, authorizations, drawings and data relating to any specific Airframe, any specific Engine, or any Part associated with any specific Airframe or Engine, or that are required by Applicable Law to be created or maintained
with respect to the maintenance and/or operation of any specific Aircraft. 
 “Applicable Law” means, without
limitation, all applicable laws, treaties, international agreements, decisions and orders of any court, arbitration or governmental agency or authority and rules, regulations, orders, directives, licenses and permits of any governmental body,
instrumentality, agency or authority, including, without limitation, the FAR and 49 U.S.C. § 41101, et seq., as amended. 

 “Business Day” means any day of the year during which Time Share
Lessor’s headquarters offices in the Commonwealth of Pennsylvania are open for business. 
 “DOT” means the
United States Department of Transportation or any successor agency. 
 “FAA” means the Federal Aviation
Administration or any successor agency. 
 “FAR” means collectively the Aeronautics Regulations of the FAA and
the DOT, as codified at Title 14, Parts 1 to 399 of the United States Code of Federal Regulations. 
 “Operating
Base” means Greater Pittsburgh International Airport, Business Operation Center, in Findlay Township, Pennsylvania. 

“Operational Control” has the same meaning given the term in Section 1.1 of the FAR. 

“Parts” means all appliances, components, parts, instruments, appurtenances, accessories, furnishings or other equipment
of whatever nature (other than complete engines or engines) which may from time to time be incorporated or installed in or attached to any airframe or any Engine and includes replacement parts. 

“Pilot in Command” has the same meaning given the term in Section 1.1 of the FAR. 

“Schedule Keeper” means the person designated by the Time Share Lessor to maintain the scheduling log of the Aircraft.
The name, address, telephone number, and other contact information for the Schedule Keeper are set forth in Section 27. 

“Taxes” means commercial air transportation excise taxes pursuant to Section 4261 of the Internal Revenue Code of
1986, as amended, regardless of whether any flight is considered “noncommercial” under the FAR. For the avoidance of doubt, “Taxes” does not include federal, state or local excise or other taxes on fuel or operation of the
Aircraft. 
 “Term” means the entire period from the Effective Date to the date this Agreement is terminated
pursuant to Section 3. 
  

	2.	Agreement to Lease. Time Share Lessor agrees to lease the Aircraft to Time Share Lessee from time to time on an “as needed and as available” basis, and
to provide a fully qualified flight crew for all Time Share Lessee’s flight operations, in accordance with the terms and conditions of this Agreement. 

 

	3.	Term. 

  

	 	3.1	Initial Term. The initial term of this Agreement shall commence on the Effective Date and continue for a period of one (1) year. 

 

	 	3.2	Renewal. At the end of the initial one (1) year term or any subsequent one (1) year term, this Agreement shall automatically be renewed for an
additional one (1) year term. 

  
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	 	3.3	Termination. Each party shall have the right to terminate this Agreement at any time with or without cause on thirty (30) days written notice to the other
party. This Agreement shall terminate automatically on the date the Time Share Lessee no longer serves as the Time Share Lessor’s Chief Executive Officer. 

 

	4.	Applicable Regulations. The parties hereto intend that this Agreement shall constitute, and this Agreement shall be interpreted as, a Time Sharing Agreement
as defined in Section 91.501(c)(1) of the FAR. The parties agree that for all flights under this Agreement, the Aircraft used for the flight shall be operated under the pertinent provisions of Subpart F of Part 91 of the FAR. If any
provision of this Agreement is determined to be inconsistent with any of the requirements of the provisions of Subpart F of Part 91 of the FAR, such provision shall be deemed amended in any respect necessary to bring it into compliance with such
requirements. 

  

	5.	Non-Exclusivity. Time Share Lessee acknowledges that the Aircraft is leased to Time Share Lessee hereunder on a non-exclusive basis, and that all Aircraft will
also be subject to use by Time Share Lessor, and may also be subject to non-exclusive leases and leased to others during the Term. 

  

	6.	Flight Charges. Time Share Lessee shall pay Time Share Lessor an amount not to exceed the direct operating costs for the Aircraft used for any flight conducted
under this Agreement; provided, however, that the foregoing shall be subject to the limitation that in no event shall Time Share Lessee pay an amount for any flight conducted under this Agreement in excess of the maximum amount of expense
reimbursement permitted in accordance with Section 91.501(d) of the FAR, which expenses include and are limited to: 

  

	 	6.1	fuel, oil, lubricants, and other additives; 

  

	 	6.2	travel expenses of the crew, including food, lodging and ground transportation; 

 

	 	6.3	hangar and tie down costs away from the Aircraft’s Operating Base; 

  

	 	6.4	insurance obtained for the specific flight; 

  

	 	6.5	landing fees, airport taxes and similar assessments; 

  

	 	6.6	customs, foreign permit, and similar fees directly related to the flight; 

  

	 	6.7	in-flight food and beverages; 

  

	 	6.8	passenger ground transportation; 

  

	 	6.9	flight planning and weather contract services; and 

  

	 	6.10	an additional charge equal to 100% of the expenses listed in Section 6.1. 

 

	7.	 Invoices and Payment. Quarterly, in arrears, Time Share Lessor shall provide an invoice to Time Share Lessee for an amount determined in
accordance with Section 6 above. Time Share Lessee shall remit the full amount of any such invoice, together with any applicable Taxes under Section 8, to Time Share Lessor promptly by the earlier of (i) the fifteenth (15th) day after the invoice date, or (ii) the last Business Day
of the calendar year during which the flight was conducted. If not paid in full on the date due under foregoing sentence, Time Share Lessee consents to the extent required under the laws of the Commonwealth of Pennsylvania to withholding of an
amount equal to the amount then due from any compensation then due to the Time Share Lessee. 

  
 - 3 -

	8.	Taxes. No payments to be made by Time Share Lessee to Time Share Lessor under Section 6 of this Agreement shall include, and Time Share Lessee shall be
separately responsible for, shall indemnify and hold harmless Time Share Lessor against, any Taxes which may be assessed or levied on the existence of this Time Share Agreement or as a result of the lease of the Aircraft to Time Share Lessee, or the
use of the Aircraft by Time Share Lessee, or the provision of a taxable transportation service to Time Share Lessee using the Aircraft. Time Share Lessee shall pay all such Taxes, if any, and remit to Time Share Lessor evidence of the payment
thereof with each Time Share payment made pursuant to Section 7. 

  

	9.	Scheduling Flights. 

  

	 	9.1	Submitting Flight Requests. Time Share Lessee shall submit requests for flight time and proposed flight schedules to the Schedule Keeper as far in advance of any
given flight as possible. Time Share Lessee shall provide at least the following information for each proposed flight prior to scheduled departure: departure airport; destination airport; date and time of departure; the names of all passengers;
purpose of the flight for each passenger; the nature and extent of luggage and/or cargo to be carried; the date and time of return flight, if any; and any other information concerning the proposed flight that may be pertinent or required by Time
Share Lessor or Time Share Lessor’s flight crew. 

  

	 	9.2	Approval of Flight Requests. Each use of an Aircraft by Time Share Lessee shall be subject to the Schedule Keeper’s prior approval. Schedule Keeper may
approve or deny any flight scheduling request in Schedule Keeper’s sole discretion. Schedule Keeper shall be under no obligation to approve any flight request submitted by Time Share Lessee and shall have final authority over the scheduling of
all Aircraft. 

  

	 	9.3	Subordinated Use of Aircraft. Time Share Lessee’s rights to schedule use of the Aircraft during the Term of this Agreement shall at all times be subordinate
to the Aircraft use requirements of Time Share Lessor and Time Share Lessor shall at all times be entitled to preempt any scheduled, unscheduled, and anticipated use of the Aircraft by Time Share Lessee, notwithstanding any prior approval by
Schedule Keeper of a request by Time Share Lessee to schedule a flight. 

  

	10.	Title and Registration. Time Share Lessor has a leasehold right to or ownership interest in the Aircraft, subject to the terms and conditions of such lease
and/or fractional ownership agreement. Time Share Lessee acknowledges that the leasehold right to and ownership interest in the Aircraft shall remain vested in Time Share Lessor. Time Share Lessee undertakes, to the extent permitted by
Applicable Law, to do all such further acts, deeds, assurances or things as, in the reasonable opinion of Time Share Lessor, may be necessary or desirable in order to protect or preserve Time Share Lessor’s leasehold right to or ownership
interest in the Aircraft. 

  

	11.	 Aircraft Maintenance and Flight Crew. Time Share Lessor shall be solely responsible for maintenance, preventive maintenance and required or
otherwise necessary inspections 

  
 - 4 -

	 	
of the Aircraft and shall take such requirements into account in scheduling the Aircraft. No period of maintenance, preventative maintenance, or inspection shall be delayed or postponed for the
purpose of scheduling the Aircraft, unless said maintenance or inspection can be safely conducted at a later time in compliance with all Applicable Laws and regulations, and within the sound discretion of the Pilot in Command.

  

	12.	Flight Crews. Time Share Lessor shall provide to Time Share Lessee a qualified flight crew for each flight conducted in accordance with this Agreement. The
members of the flight crew may be independent contractors of Time Share Lessor. The flight crew shall be and remain under the exclusive command and control of Time Share Lessor in all phases of all flights conducted hereunder.

  

	13.	OPERATIONAL CONTROL. THE PARTIES EXPRESSLY AGREE THAT TIME SHARE LESSOR SHALL HAVE AND MAINTAIN OPERATIONAL CONTROL OF THE AIRCRAFT FOR ALL FLIGHTS OPERATED
UNDER THIS AGREEMENT AND THAT THE INTENT OF THE PARTIES IS THAT THIS AGREEMENT CONSTITUTE A “TIME SHARINGAGREEMENT” AS SUCH TERM IS DEFINED IN SECTION 91.501(C)(1) OF THE FAR. TIME SHARE LESSOR SHALL EXERCISE EXCLUSIVE AUTHORITY OVER
INITIATING, CONDUCTING, OR TERMINATING ANY FLIGHT CONDUCTED ON BEHALF OF TIME SHARE LESSEE PURSUANT TO THIS AGREEMENT. 

  

	14.	Authority of Pilot In Command. Notwithstanding that Time Share Lessor shall have Operational Control of the Aircraft during any flight conducted pursuant to this
Agreement, Time Share Lessor and Time Share Lessee expressly agree that the Pilot in Command, in his or her sole discretion, may terminate any flight, refuse to commence any flight, or take any other flight-related action which in the judgment of
the Pilot in Command is necessary to ensure the safety of the Aircraft, the flight crew, the passengers, and persons and property on the ground. The Pilot in Command shall have final and complete authority to postpone or cancel any flight for any
reason or condition that in his or her judgment would compromise the safety of the flight. No such action of the Pilot in Command shall create or support any liability of Time Share Lessor to Time Share Lessee for loss, injury, damage or delay.

  

	15.	Passengers and Baggage. Time Share Lessee may carry on the Aircraft on all flights under this Agreement such passengers and baggage/cargo as Time Share Lessee in
its sole but reasonable discretion shall determine; provided, however, that the passengers to be carried on such flights shall be limited to those permitted under the pertinent provisions of Part 91 of the FAR, and that the number of such passengers
shall in no event exceed the number of passenger seats legally available in the Aircraft being used for a particular flight, and the total load, including fuel and oil in such quantities as the Pilot in Command shall determine to be required, shall
not exceed the maximum allowable load for the Aircraft. 

  

	16.	 Prohibited Items. Time Share Lessee shall not cause or permit to be carried on board the Aircraft, and shall not cause or permit any passenger
to carry on board the Aircraft, any contraband, prohibited dangerous goods, or prohibited controlled substances on the 

  
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Aircraft at any time. Upon any breach of this Section 16, Time Share Lessor shall have the right to terminate this Agreement upon delivery to Time Share Lessee of a written notice of
termination. Time Share Lessee shall indemnify and hold Time Share Lessor harmless from and against any claims, fines, penalties, costs and expenses (including reasonable attorneys’ fees) incurred as a result of any breach of this
Section 16. The indemnity and hold harmless obligations of Time Share Lessee arising under this Section 16 shall survive any termination or expiration of this Agreement. 

 

	17.	Force Majeure. Time Share Lessor shall not be liable for delay or failure to furnish the Aircraft and/or flight crew pursuant to this Agreement when such failure
is caused by government regulation or authority, mechanical difficulty, war, civil commotion, strikes or labor disputes, weather conditions, acts of God or other unforeseen or unanticipated circumstances. 

 

	18.	Insurance. 

  

	 	18.1	Liability. Time Share Lessor shall maintain, or cause to be maintained, bodily injury and property damage, liability insurance in an amount no less than Three
Hundred Million United States Dollars (US $300,000,000.00) Combined Single Limit for the benefit of itself and Time Share Lessee in connection with the use of the Aircraft. 

 

	 	18.2	Hull. Time Share Lessor shall maintain, or cause to be maintained, all risks aircraft hull insurance for the Aircraft in amounts determined from time to time by
agreement of Time Share Lessor and the provider of the insurance, and such insurance shall name Time Share Lessor and any first lien security interest holder as loss payees as their interests may appear. 

 

	 	18.3	Additional Insurance. Time Share Lessor will use reasonable efforts to provide such additional insurance coverage as Time Share Lessee shall request or require,
provided, however, that the cost of such additional insurance shall be borne by Time Share Lessee as set forth in Section 6.4 of this Agreement. 

  

	 	18.4	Insurance Certificates. If requested, Time Share Lessor will provide Time Share Lessee with a copy of its Certificate of Insurance. 

 

	19.	Representations and Warranties. Time Share Lessee represents and warrants that: 

 

	 	19.1	Time Share Lessee will use the Aircraft solely for his own use and the use of his family and guests, and Time Share Lessee will not use the Aircraft for the purpose of
providing transportation of passengers or cargo for compensation or hire. 

  

	 	19.2	 Time Share Lessee shall refrain from incurring any mechanic’s or other lien in connection with inspection, preventative maintenance, maintenance
or storage of the Aircraft, whether permissible or impermissible under this Agreement, nor shall there be any attempt by Time Share Lessee to convey, mortgage, assign, lease, sublease, or any way alienate the Aircraft or create any kind of lien or

  
 - 6 -

	 	
security interest involving the Aircraft or do anything or take any action that might mature into such alien. 

 

	 	19.3	During the Term of this Agreement, Time Share Lessee will abide by and conform to all Applicable Laws, governmental and airport orders, rules and regulations, as shall
from time to time be in effect relating in any way to the operation and use of the Aircraft by a time sharing Time Share Lessee. 

  

	20.	No Assignments. Neither this Agreement nor any party’s interest herein shall be assignable to any other party whatsoever. Any purported assignment shall be
void and unenforceable. 

  

	21.	Modification. This Agreement may not be modified, altered, or amended except by written agreement executed by both parties. 

 

	22.	Prohibited or Unenforceable Provisions. Any provision of this Agreement which is prohibited or unenforceable in any jurisdiction shall, as to such jurisdiction,
be ineffective to the extent of such prohibition or unenforceability without invalidating the remaining provisions hereof, and any such prohibitions or unenforceability in any jurisdiction. To the extent permitted by Applicable Law, each of Time
Share Lessor and Time Share Lessee hereby waives any provision of Applicable Law which renders any provision hereof prohibited or unenforceable in any respect. 

 

	23.	Binding Effect. This Agreement, including all agreements, covenants, representations and warranties, shall be binding upon and inure to the benefit of, and may
be enforced by Time Share Lessor and its successors and assigns, and Time Share Lessee. 

  

	24.	Headings. The section headings in this Agreement are for convenience of reference only and shall not modify, define, expand, or limit any of the terms or
provisions hereof. 

  

	25.	Amendments. No term or provision of this Agreement may be changed, waived, discharged, or terminated orally, except by an instrument in writing signed by both
parties. 

  

	26.	No Waiver. No delay or omission in the exercise or enforcement or any right or remedy hereunder by either party shall be construed as a waiver of such right or
remedy. All remedies, rights, undertakings, obligations, and agreements contained herein shall be cumulative and not mutually exclusive, and in addition to all other rights and remedies which either party possesses at law or in equity.

  

	27.	Notices. All communications, declarations, demands, consents, directions, approvals, instructions, requests and notices required or permitted by this Agreement
shall be in writing and shall be deemed to have been duly given or made when delivered personally or transmitted electronically by e-mail or facsimile, receipt acknowledged, or in the case of documented overnight delivery service or registered or
certified mail, return receipt requested, delivery charge or postage prepaid, on the date shown on the receipt therefor, in each case at the address set forth below: 

  
 - 7 -

  

									
	If to Time Share Lessor:	  	Allegheny Technologies Incorporated	  		  	Tel:	  	412-394-2835
		  	10th Floor; Six PPG Place	  		  	Fax:	  	412-394-2837
		  	Pittsburgh, PA 15220	  		  		  	
		  	Attn: General Counsel	  		  		  	
					
	If to Time Share Lessee:	  	To Time Share Lessee’s home address and/or telephone number on file with Time Share Lessor at the time of the notice.	  		  		  	
					
	If to Schedule Keeper:	  	Allegheny Technologies Incorporated	  		  	Tel:	  	412-394-2835
		  	10th Floor; Six PPG Place	  		  	Fax:	  	412-394-2837
		  	Pittsburgh, PA 15220	  		  		  	
		  	Attn: General Counsel	  		  		  	

  

	28.	Governing Law. This Agreement has been negotiated and delivered in the Commonwealth of Pennsylvania and shall in all respects be governed by, and construed in
accordance with, the laws of the Commonwealth of Pennsylvania including all matters of construction, validity and performance without giving effect to its conflict of laws provisions. 

 

	29.	Jurisdiction and Venue. Exclusive jurisdiction and venue over any and all disputes between the parties arising under this Agreement shall be in, and for such
purpose each party hereby submits to the jurisdiction of the state and federal courts with jurisdiction concerning matters arising in Allegheny County, Pennsylvania and venue in Allegheny County, Pennsylvania. 

 

	30.	 DISCLAIMER. The Aircraft is being leased by the Time Share Lessor to the Time Share Lessee hereunder on a completely “as is, where
is,” basis, which is acknowledged and agreed to by the Time Share Lessee. The warranties and representations set forth in this Agreement are exclusive and in lieu of all other representations or warranties whatsoever, express or implied, and
Time Share Lessor has not made and shall not be considered or deemed to have made (whether by virtue of having leased the Aircraft under this Agreement, or having acquired the Aircraft, or having done or failed to do any act, or having acquired or
failed to acquire any status under or in relation to this Agreement or otherwise) any other representation or warranty whatsoever, express or implied, with respect to the Aircraft or to any part thereof, and specifically, without limitation, in this
respect Time Share Lessor disclaims all representations and warranties concerning the title, airworthiness, value, condition, design, merchantability, compliance with specifications, construction and condition of the Aircraft, or fitness for a
particular use of the Aircraft and as to the absence of latent and other defects, whether or not discoverable, and as to the absence of any infringement or the like, hereunder of any patent, trademark or copyright, and as to the absence of
obligations based on strict liability in tort, or as to the quality of the material or workmanship of the Aircraft or any 

  
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part thereof or any other representation or warranty whatsoever, express or implied (including any implied warranty arising from a course of performance or dealing or usage of trade), with
respect to the Aircraft or any part thereof. Time Share Lessee hereby waives, releases, disclaims and renounces all expectation of or reliance upon any such and other warranties, obligations and liabilities of Time Share Lessor and rights, claims
and remedies of Time Share Lessee against Time Share Lessor, express or implied, arising by law or otherwise, including but not limited to (i) any implied warranty of merchantability of fitness for any particular use, (ii) any implied
warranty arising from course of performance, course of dealing or usage of trade, (iii) any obligation, liability, right, claim or remedy in tort, whether or not arising from the negligence of Time Share Lessor, actual or imputed, and
(iv) any obligation, liability, right, claim or remedy for loss of or damage to the Aircraft, for loss of use, revenue or profit with respect to the Aircraft, or for any other direct, indirect, incidental or consequential damages.

  

	31.	INDEMNITY. (a) Except as provided in Sections 31(b) and (c) below, Time Share Lessee hereby releases, and shall defend, indemnify and hold harmless
Time Share Lessor and Time Share Lessor’s shareholders, members, directors, officers, managers, employees, successors and assigns, from and against, any and all claims, damages, losses, liabilities, demands, suits, judgments, causes of action,
civil and criminal legal proceedings, penalties, fines, and other sanctions, and any attorneys’ fees and other reasonable costs and expenses, directly or indirectly arising from Time Share Lessee’s willful misconduct or gross negligence,
to the extent a loss is a direct result of the Time Share Lessee’s failure to comply with Time Share Lessee’s covenants or to the extent a loss is a direct result of the Time Share Lessee’s breach of warranties or representations,
except to the extent arising from the gross negligence or willful misconduct of Time Share Lessor or the flight crew. In no event shall Time Share Lessor be liable to Time Share Lessee or any person claiming by or through Time Share Lessee for any
indirect, incidental, special, consequential, or punitive damages of any kind or nature. 

  

	 	(b)	Notwithstanding the provisions of Section 31(a) above, Time Share Lessor agrees to accept the proceeds of the hull and liability insurance required by this
Agreement as its sole recourse against Time Share Lessee in the event of any claim by Time Share Lessee relating to any type of injury, death or property damage for which such insurance is being provided under this Agreement.

  

	 	(c)	The limitations provided for in Section 31(b) will not operate against Time Share Lessor to the extent that insurance proceeds are withheld or reduced due to the
actions or inactions of Time Share Lessee. 

  

	32.	Counterparts. This Agreement may be executed by the parties hereto in two (2) or more separate counterparts, each and all of which when so executed and
delivered shall be an original, and all of which shall together constitute but one and the same instrument. 

  

	33.	Entire Agreement. This Agreement constitutes the entire agreement of the parties as of the Effective Date and supersedes all prior or independent, oral or
written agreements, understandings, statements, representations, commitments, promises, and warranties made with respect to the subject matter of this Agreement. 

  
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	34.	TRUTH IN LEASING. 

 WITHIN
THE TWELVE (12) MONTH PERIOD PRECEDING THE DATE OF THIS AGREEMENT, THE AIRCRAFT HAS BEEN INSPECTED AND MAINTAINED IN ACCORDANCE WITH THE PROVISIONS OF FAR 91.409. 
 THE PARTIES HERETO CERTIFY THAT DURING THE TERM OF THIS AGREEMENT AND FOR OPERATIONS CONDUCTED HEREUNDER, THE AIRCRAFT WILL BE MAINTAINED AND INSPECTED IN ACCORDANCE WITH THE PROVISIONS OF FAR 91.409.

 TIME SHARE LESSOR ACKNOWLEDGES THAT WHEN IT OPERATES THE AIRCRAFT ON BEHALF OF TIME SHARE LESSEE UNDER THIS AGREEMENT, TIME
SHARE LESSOR SHALL BE KNOWN AS, CONSIDERED, AND IN FACT WILL BE THE OPERATOR OF SUCH AIRCRAFT. EACH PARTY HERETO CERTIFIES THAT IT UNDERSTANDS THE EXTENT OF ITS RESPONSIBILITIES SET FORTH HEREIN FOR COMPLIANCE WITH APPLICABLE FEDERAL AVIATION
REGULATIONS. 
 AN EXPLANATION OF FACTORS BEARING ON OPERATIONAL CONTROL AND PERTINENT FEDERAL AVIATION REGULATIONS CAN BE
OBTAINED FROM THE NEAREST FEDERAL AVIATION ADMINISTRATION FLIGHT STANDARDS DISTRICT OFFICE. 
 THE PARTIES HERETO CERTIFY THAT A
TRUE COPY OF THIS AGREEMENT SHALL BE CARRIED ON THE AIRCRAFT AT ALL TIMES, AND SHALL BE MADE AVAILABLE FOR INSPECTION UPON REQUEST BY AN APPROPRIATELY CONSTITUTED IDENTIFIED REPRESENTATIVE OF THE ADMINISTRATOR OF THE FAA. 

  
 - 10 -

 IN WITNESS WHEREOF, the parties have executed this Aircraft Time Sharing Agreement
effective as of the date and year first written above. 
  

			
	 TIME SHARE LESSOR:

	
	 ALLEGHENY TECHNOLOGIES INCORPORATED

		
	By:	 	 /s/ Dale G. Reid

	Print:	 	Dale G. Reid
	Title:	 	Executive Vice President, Finance
	Date:	 	12/29/11

  

	
	TIME SHARE LESSEE:
	
	 /s/ Richard J. Harshman

	Richard J. Harshman
	Date: 12/30/11
	

  
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 EXHIBIT A 

FSDO Notification Letter 

December 30, 2011 
 Via Facsimile

 Fax: (412) 886-2591 

Federal Aviation Administration 
 Flight
Standards District Office 
 101 Towne Square Way 
 Suite 201 
 Pittsburgh, PA 15227 

 

			
	RE:	  	FAR Section 91.23 FSDO Notification
		  	First Flight Under Aircraft Time Sharing Agreement of a Citation Sovereign aircraft operated and managed by NetJets

 To whom it may concern: 
 Pursuant to the requirements of Federal Aviation Regulation Section 91.23(c)(3), please accept this letter as notification that Richard J. Harshman is being furnished the above referenced aircraft
under an Aircraft Time Sharing Agreement dated as of January 1, 2012, and that the first flight under such Aircraft Time Sharing Agreement will depart from Pittsburgh International on the
2nd day of January, 2012, at approximately 9:00 a.m. local
time. 
 Should you require any additional information, please contact me at 412-395-3057. 

 

	
	Sincerely,
	
	 /s/ Dale G. Reid

	Dale G. Reid

  
 - 12 -Form of Performance Unit Agreement

 Exhibit 10.1 
 [EMPL_NAME] 
 Employee ID: [EMPLID] 

Grant Number: [GRANT_ID] 

APPLIED MATERIALS, INC. 
 PERFORMANCE UNITS AGREEMENT 
 NOTICE OF GRANT 

Applied Materials, Inc. (the “Company”) hereby grants you, [EMPL_NAME] (the “Employee”), an award of
Performance Units under the Company’s Employee Stock Incentive Plan (the “Plan”). The date of this Performance Units Agreement (the “Agreement”) is [GRANT_DT] (the “Grant Date”). Subject to the provisions of
the Terms and Conditions of Performance Units Agreement (the “Terms and Conditions”), which constitute part of this Agreement, and of the Plan, the principal features of this Award are as follows: 

 

			
	 Number of Performance Units:
	 	[MAX_SHARES]
		
	 Vesting of Performance Units:
	 	Please refer to the UBS One Source website for the vesting schedule related to this grant of Performance Units (click on the specific grant under the tab labeled
“Grants/Awards/Units.”).*

  

	*	Except as otherwise provided in the Terms and Conditions of this Agreement, Employee will not vest in the Performance Units unless he or she is employed by the Company
or one of its Affiliates through the applicable vesting date. 

 IMPORTANT: 

Your electronic or written signature below indicates your agreement and understanding that this grant is subject to all of the terms and
conditions contained in the Terms and Conditions to this Agreement and the Plan. For example, important additional information on vesting and forfeiture of this grant is contained in paragraphs 3 through 5 and paragraph 7 of the Terms and
Conditions. PLEASE BE SURE TO READ ALL OF THE TERMS AND CONDITIONS OF THIS GRANT. CLICK HERE TO READ THE TERMS AND CONDITIONS. 
 By clicking the “ACCEPT” button below, you agree to the following: “This electronic contract contains my electronic signature, which I have executed with the intent to sign this
Agreement.” 

 Please be sure to retain a copy of your returned electronically signed Agreement; you may
obtain a paper copy at any time and at the Company’s expense by requesting one from Stock Programs (see paragraph 12 of the Terms and Conditions). If you prefer not to electronically sign this Agreement, you may accept this Agreement by signing
a paper copy of the Agreement and delivering it to Stock Programs. 
 For Employees employed in China on the Grant
Date: Under the State Administration of Foreign Exchange (“SAFE”) regulations, the receipt of funds by you from the sale of Performance Units must be approved by SAFE. In order to comply with the SAFE regulations, the proceeds from
the sale of Performance Units must be repatriated into China through an approved bank account set up and monitored by the Company. 
 For Employees employed in the United Kingdom (U.K.) on the Grant Date: National Insurance Contribution (“NIC”) The grant of your Performance Units is subject to the
execution of a joint election between the Company and you (the “Election”), being formally approved by the H.M. Revenue & Customs (the “HMR&C”) and remaining in force thereafter under which you agree to pay all NICs
that may become due in connection with the grant or vesting of Performance Units. The NICs include the “primary” NIC payable by an employee as well as the “secondary” NIC payable by the employer in the absence of any election
(referred to as the Secondary Class 1 NIC). By accepting the Performance Units, to the extent allowable by applicable law, you hereby consent and agree to satisfy any liability the Company and/or your employer realizes with respect to Secondary
Class 1 NIC payments required to be paid by the Company and/or your employer in connection with the grant or vesting of the Performance Units. 
 In addition, by accepting the Performance Units, you hereby authorize the Company or your employer to withhold any such Secondary Class 1 NICs from the sale of a sufficient number of Shares upon vesting
of the Performance Units. In addition and to the maximum extent permitted by law, the Company (or the employing Affiliate) has the right to retain without notice from salary or other amounts payable to you to satisfy such Secondary Class 1 NICs. The
Company, in its discretion, may require you, and you hereby agree, to make payment on demand for such contributions by cash or check to UBS Financial Services, Inc., the Company or your employer, and such contributions will be remitted to the
HMR&C. If additional consents and/or elections are required to accomplish the foregoing, you agree to provide them promptly upon request. If the foregoing is not allowed under applicable law, the Company may rescind your Performance Units. If
you do not enter an Election prior to the first vesting date or if the Election is revoked at any time by the HMR&C, the Performance Units shall become null and void without any liability to the Company and/or your employer and shall lapse with
immediate effect. 

 TERMS AND CONDITIONS OF 

PERFORMANCE UNITS AGREEMENT 
 1. Grant. Applied Materials, Inc. (the “Company”) hereby grants to the Employee under the Company’s Employee Stock Incentive Plan (the “Plan”) the number of Performance
Units set forth on the first page of the Notice of Grant of this Agreement, subject to all of the terms and conditions in this Agreement and the Plan. Vested Performance Units will be paid to the Employee in Shares. When Shares are paid to the
Employee in payment for the Performance Units, par value will be deemed paid by the Employee for each Performance Unit by past services rendered by the Employee, and will be subject to the appropriate tax withholdings. Unless otherwise defined
herein, capitalized terms used herein will have the meanings ascribed to them in the Plan. 
 2. Company’s Obligation to
Pay. Each Performance Unit has a value equal to the Fair Market Value of a Share and represents the right to receive a Share on the date it vests. Unless and until the Performance Units have vested in the manner set forth in paragraphs 3 through
5, or paragraph 11, the Employee will have no right to payment of such Performance Units. Prior to actual payment of any vested Performance Units, such Performance Units will represent an unsecured obligation. Payment of any vested Performance Units
will be made in whole Shares only, provided, however, that if the Company determines that it is necessary or advisable, the Shares subject to this Performance Unit award shall be sold immediately upon settlement of the Performance Units award, and
the Employee shall receive the proceeds from the sale, less any applicable fees and taxes or other required withholding. 
 3.
Vesting Schedule/Period of Restriction. Except as provided in paragraphs 4, 5 and 11, and subject to paragraph 7, the Performance Units awarded by this Agreement will vest in accordance with the vesting provisions set forth on the UBS One
Source website (click on the specific grant under the tab labeled “Grants/Awards/Units”). Performance Units will not vest in the Employee in accordance with any of the provisions of this Agreement unless the Employee will have been
continuously employed by the Company or by one of its Affiliates from the Grant Date until the date the Performance Units are otherwise scheduled to vest occurs. 
 4. Modifications to Vesting Schedule. 
 (a) Vesting upon Personal
Leave of Absence. In the event that the Employee takes a personal leave of absence (“PLOA”), the Performance Units awarded by this Agreement that are scheduled to vest will be modified as follows: 

(i) if the duration of the Employee’s PLOA is six (6) months or less, the vesting schedule set forth on the UBS One Source
website (click on the specific grant under the tab labeled “Grants/Awards/Units”) will not be affected by the Employee’s PLOA. 
 (ii) if the duration of the Employee’s PLOA is greater than six (6) months but not more than twelve (12) months, the scheduled vesting of any Performance Units awarded by this Agreement
that are not then vested will be deferred for a period of time equal to the duration of the Employee’s PLOA less six (6) months. 

 (iii) if the duration of the Employee’s PLOA is greater than twelve (12) months,
any Performance Units awarded by this Agreement that are not then vested will immediately terminate. 
 (iv) Example 1. Employee
is scheduled to vest in Performance Units on January 1, 2007. On May 1, 2006, Employee begins a six-month PLOA. Employee’s Performance Units will still be scheduled to vest on January 1, 2007. 

(v) Example 2. Employee is scheduled to vest in Performance Units on January 1, 2007. On May 1, 2006, Employee begins a
nine-month PLOA. Employee’s Performance Units awarded by this Agreement that are scheduled to vest after November 2, 2006 will be modified (this is the date on which the Employee’s PLOA exceeds six (6) months). Employee’s
Performance Units now will be scheduled to vest on April 1, 2007 (three (3) months after the originally scheduled date). 
 (vi) Example 3. Employee is scheduled to vest in Performance Units on January 1, 2007. On May 1, 2006, Employee begins a 13-month PLOA. Employee’s Performance Units will terminate on
May 2, 2007. 
 In general, a “personal leave of absence” does not include any legally required leave of absence.
The duration of the Employee’s PLOA will be determined over a rolling twelve (12) month measurement period. Performance Units awarded by this Agreement that are scheduled to vest during the first six (6) months of the Employee’s
PLOA will continue to vest as scheduled. However, Performance Units awarded by this Agreement that are scheduled to vest after the first six (6) months of the Employee’s PLOA will be deferred or terminated depending on the length of the
Employee’s PLOA. The Employee’s right to vest in Performance Units awarded by this Agreement will be modified as soon as the duration of the Employee’s PLOA exceeds six (6) months. 

(b) Death of Employee. In the event that the Employee incurs a Termination of Service due to his or her death, one hundred percent
(100%) of the Performance Units subject to this Performance Units award will vest on the date of the Employee’s death. In the event that any applicable law limits the Company’s ability to accelerate the vesting of this award of
Performance Units, this paragraph 4(b) will be limited to the extent required to comply with applicable law. If the Employee is subject to Hong Kong’s ORSO provisions, this paragraph 4(b) will not apply to this award of Performance Units.

 5. Committee Discretion. The Committee, in its discretion, may accelerate the vesting of the balance, or some lesser
portion of the balance, of the Performance Units at any time, subject to the terms of the Plan. If so accelerated, such Performance Units will be considered as having vested as of the date specified by the Committee. Subject to the provisions of
this paragraph 5, if the Committee, in its discretion, accelerates the vesting of the balance, or some lesser portion of the balance, of the Performance Units, the payment of such accelerated Performance Units shall be made as soon as practicable
upon or following the accelerated vesting date, but in no event later than 60 days following the date such accelerated Performance Units vest. 

 Notwithstanding anything in the Plan or this Agreement to the contrary, if the vesting of
the balance, or some lesser portion of the balance, of the Performance Units is accelerated in connection with Employee’s Termination of Service (provided that such termination is a “separation from service” within the meaning of
Section 409A, as determined by the Company), other than due to death, and if (a) the Employee is a “specified employee” within the meaning of Section 409A at the time of such Termination of Service and (b) the
payment of such accelerated Performance Units will result in the imposition of additional tax under Section 409A if paid to the Employee on or within the six (6) month period following Employee’s Termination of Service, then the
payment of such accelerated Performance Units will not be made until the date six (6) months and one (1) day following the date of Employee’s Termination of Service, unless the Employee dies following his or her Termination of
Service, in which case, the Performance Units will be paid in Shares to the Employee’s estate as soon as practicable following his or her death. It is the intent of this Agreement to be exempt from or comply with the requirements of
Section 409A so that none of the Performance Units provided under this Agreement or Shares issuable thereunder will be subject to the additional tax imposed under Section 409A, and any ambiguities herein will be interpreted to be so exempt
or comply. For purposes of this Agreement, “Section 409A” means Section 409A of the Internal Revenue Code of 1986, as amended (the “Code”), and any proposed, temporary or final Treasury Regulations and Internal Revenue
Service guidance thereunder, as each may be amended from time to time. 
 6. Payment after Vesting. Any Performance Units
that vest in accordance with paragraphs 3 or 4 will be paid to the Employee (or in the event of the Employee’s death, to his or her estate) in whole Shares as soon as practicable following the date of vesting, but in all cases within 60 days
following the date such Performance Units vest, subject to paragraph 8. Any Performance Units that vest in accordance with paragraphs 5 or 11 will be paid to the Employee (or in the event of the Employee’s death, to his or her estate) in whole
Shares in accordance with the provisions of such paragraphs, subject to paragraph 8. For each Performance Unit that vests, the Employee will receive one Share, subject to paragraph 8. 

7. Forfeiture. Notwithstanding any contrary provision of this Agreement and except in the event of Employee’s death (see
Paragraph 4(b)), the balance of the Performance Units that have not vested pursuant to paragraphs 3 through 5 or paragraph 11 at the time of the Employee’s Termination of Service for any or no reason will be forfeited and automatically
transferred to and reacquired by the Company at no cost to the Company. [To be included for Awards subject to performance-based vesting: Notwithstanding anything to the contrary in the Plan or this Agreement, the Board, in its sole
discretion, may require the Employee to forfeit, return or reimburse the Company all or a portion of the Performance Units subject to this Award in accordance with paragraph 16 of the Agreement.] 

8. Withholding of Taxes. When Shares are issued as payment for vested Performance Units or, in the discretion of the Company, such
earlier time as the Tax Obligations (defined below) are due, the Company (or the employing Affiliate) will withhold a portion of the Shares that have an aggregate market value sufficient to pay all taxes and social insurance liability and other
requirements in connection with the Shares, including, without limitation, (a) all federal, state and local income, employment and any other applicable taxes that are required to be withheld by the Company or the employing Affiliate,
(b) the Employee’s and, to the extent required by the Company (or the employing Affiliate), the Company’s (or the employing Affiliate’s) fringe benefit tax 

 
liability, if any, associated with the grant, vesting, or sale of the Performance Units awarded and the Shares issued thereunder, and (c) all other taxes or social insurance liabilities with
respect to which the Employee has agreed to bear responsibility (collectively, the “Tax Obligations”). The number of Shares withheld pursuant to the prior sentence will be rounded up to the nearest whole Share, with no refund provided in
the U. S. for any value of the Shares withheld in excess of the tax obligation as a result of such rounding. Notwithstanding the foregoing, the Company, in its sole discretion, may require the Employee to make alternate arrangements satisfactory to
the Company for such withholdings or remittances in advance of the arising of any remittance obligations to which the Employee has agreed or any withholding obligations. 
 Notwithstanding any contrary provision of this Agreement, no Shares will be issued unless and until satisfactory arrangements (as determined by the Company) have been made by the Employee with respect to
the payment of any income and other taxes which the Company determines must be withheld or collected with respect to such Shares. In addition and to the maximum extent permitted by law, the Company (or the employing Affiliate) has the right to
retain without notice from salary or other amounts payable to the Employee, cash having a sufficient value to satisfy any Tax Obligations that the Company determines cannot be satisfied through the withholding of otherwise deliverable Shares or that
are due prior to the issuance of Shares under the Performance Units award. All Tax Obligations related to the Performance Units award and any Shares delivered in payment thereof are the sole responsibility of the Employee. Further, Employee shall be
bound by any additional withholding requirements included in the Notice of Grant of this Agreement. 
 9. Rights as
Stockholder. Neither the Employee nor any person claiming under or through the Employee will have any of the rights or privileges of a stockholder of the Company in respect of any Shares deliverable hereunder unless and until certificates
representing such Shares (which may be in book entry form) will have been issued, recorded on the records of the Company or its transfer agents or registrars, and delivered to the Employee (including through electronic delivery to a brokerage
account). Notwithstanding any contrary provisions in this Agreement, any quarterly or other regular, periodic dividends or distributions (as determined by the Company) paid on Shares will affect neither unvested Performance Units nor Performance
Units that are vested but unpaid, and no such dividends or other distributions will be paid on unvested Performance Units or Performance Units that are vested but unpaid. After such issuance, recordation and delivery, the Employee will have all the
rights of a stockholder of the Company with respect to voting such Shares and receipt of dividends and distributions on such Shares. 
 10. No Effect on Employment. Subject to any employment contract with the Employee, the terms of such employment will be determined from time to time by the Company, or the Affiliate employing the
Employee, as the case may be, and the Company, or the Affiliate employing the Employee, as the case may be, will have the right, which is hereby expressly reserved, to terminate or change the terms of the employment of the Employee at any time for
any reason whatsoever, with or without good cause. The transactions contemplated hereunder and the vesting schedule set forth on the UBS One Source website (click on the specific grant under the tab labeled “Grants/Awards/Units”) do not
constitute an express or implied promise of continued employment for any period of time. A leave of absence or an interruption in service (including an interruption during military service) authorized or acknowledged by the Company or the Affiliate
employing the Employee, as the case may be, will not be deemed a Termination of Service for the purposes of this Agreement. 

 11. Changes in Performance Units. In the event that as a result of a stock or
extraordinary cash dividend, stock split, distribution, reclassification, recapitalization, combination of Shares or the adjustment in capital stock of the Company or otherwise, or as a result of a merger, consolidation, spin-off or other corporate
transaction or event, the Performance Units will be increased, reduced or otherwise affected, and by virtue of any such event the Employee will in his or her capacity as owner of unvested Performance Units which have been awarded to him or her (the
“Prior Performance Units”) be entitled to new or additional or different shares of stock, cash or other securities or property (other than rights or warrants to purchase securities); such new or additional or different shares, cash or
securities or property will thereupon be considered to be unvested Performance Units and will be subject to all of the conditions and restrictions that were applicable to the Prior Performance Units pursuant to this Agreement and the Plan. If the
Employee receives rights or warrants with respect to any Prior Performance Units, such rights or warrants may be held or exercised by the Employee, provided that until such exercise, any such rights or warrants, and after such exercise, any shares
or other securities acquired by the exercise of such rights or warrants, will be considered to be unvested Performance Units and will be subject to all of the conditions and restrictions which were applicable to the Prior Performance Units pursuant
to the Plan and this Agreement. The Committee in its sole discretion at any time may accelerate the vesting of all or any portion of such new or additional shares of stock, cash or securities, rights or warrants to purchase securities or shares or
other securities acquired by the exercise of such rights or warrants; provided, however, that the payment of such accelerated new or additional awards will be made in accordance with the provisions of paragraph 5. 

12. Address for Notices. Any notice to be given to the Company under the terms of this Agreement shall be addressed to the
Company, in care of Stock Programs, at Applied Materials, Inc., 2881 Scott Boulevard, M/S 2023, P. O. Box 58039, Santa Clara, CA 95050, U.S.A., or at such other address as the Company may hereafter designate in writing. 

13. Grant is Not Transferable. Except to the limited extent provided in this Agreement, this grant of Performance Units and the
rights and privileges conferred hereby shall not be sold, pledged, assigned, hypothecated, transferred or disposed of any way (whether by operation of law or otherwise) and shall not be subject to sale under execution, attachment or similar process,
until the Employee has been issued Shares in payment of the Performance Units. Upon any attempt to sell, pledge, assign, hypothecate, transfer or otherwise dispose of this grant, or any right or privilege conferred hereby, or upon any attempted sale
under any execution, attachment or similar process, this grant and the rights and privileges conferred hereby immediately will become null and void. 
 14. Restrictions on Sale of Securities. The Shares issued as payment for vested Performance Units under this Agreement will be registered under U. S. federal securities laws and will be freely
tradable upon receipt. However, Employee’s sale of the Shares may be subject to any market blackout period that may be imposed by the Company and must comply with the Company’s insider trading policies, and any other applicable securities
laws. 

 15. Binding Agreement. Subject to the limitation on the transferability of this grant
contained herein, this Agreement will be binding upon and inure to the benefit of the heirs, legatees, legal representatives, successors and assigns of the parties hereto. 
 16. [To be included for Awards subject to performance-based vesting: Clawback in Connection with a Material Negative Financial Restatement. Pursuant to the Company’s clawback policy,
the Board, in its sole discretion, may require the Employee to forfeit, return or reimburse the Company all or a portion of his or her Performance Units subject to this Award if (i) the Employee is or was a Section 16 Person during the
performance period applicable to the performance-based vesting of the Performance Units, and (ii) the Employee deliberately engaged in “Intentional Misconduct” (as defined below) that was determined by the Board, in its sole
discretion, to be the primary cause of a material negative restatement of a Company financial statement that was filed with the U.S. Securities and Exchange Commission and such financial statement, as originally filed, is one of the Company’s
three (3) most recently filed annual financial statements. The portion of this Award, if any, that the Employee may be required to forfeit, return or reimburse will be determined by the Board, in its sole discretion, but will be no more than
the “Clawback Maximum” (as defined below). 
 (a) For purposes of this Agreement, “Clawback Maximum” means
the portion of the Award that was in excess of the Shares that the Employee would have received under this Award had the Company’s financial results been calculated under the restated financial statements . 

(b) To the extent Tax Obligations on such Performance Units were paid or due, such forfeiture, return or reimbursement shall be limited
to the after-tax portion of the Clawback Maximum. 
 For purposes of this Agreement, “Intentional Misconduct” means
the Employee’s deliberate engagement in any one or more of the following: (a) fraud, misappropriation, embezzlement or any other act or acts of similar gravity resulting or intended to result directly or indirectly in substantial personal
enrichment to the Employee at the expense of the Company; (b) a material violation of a federal, state or local law or regulation applicable to the Company’s business that has a significant negative effect on the Company’s financial
results; or (c) a material breach of the Employee’s fiduciary duty owed to the Company that has a significant negative effect on the Company’s financial results; provided, however, that the Employee’s exercise of judgment or
actions (or abstention from action), and/or decision-making will not constitute Intentional Misconduct if such judgment, action (or abstention from action) and/or decision is, in the good faith determination of the Board, reasonable based on the
facts and circumstances known to the Employee at the time of such judgment, action (or abstention from action) and/or decision; and such judgment, action (or abstention from action) and/or decision is in an area or situation in which
(i) discretion must be exercised by the Employee or (ii) differing views or opinions may apply. ] 
 17.
Additional Conditions to Issuance of Certificates for Shares. The Company will not be required to issue any certificate or certificates (which may be in book entry form) for Shares hereunder prior to fulfillment of all the following
conditions: (a) the admission of such Shares to listing on all stock exchanges on which such class of stock is then listed; (b) the completion of any registration or other qualification of such Shares under any U. S. state or federal law
or under the rulings or regulations of the Securities and Exchange Commission or any other governmental 

 
regulatory body, which the Committee will, in its sole discretion, deem necessary or advisable; (c) the obtaining of any approval or other clearance from any U. S. state or federal
governmental agency, which the Committee will, in its sole discretion, determine to be necessary or advisable; and (d) the lapse of such reasonable period of time following the date of vesting of the Performance Units as the Committee may
establish from time to time for reasons of administrative convenience. 
 18. Plan Governs. This Agreement is subject to
all the terms and provisions of the Plan. In the event of a conflict between one or more provisions of this Agreement and one or more provisions of the Plan, the provisions of the Plan will govern. 

19. Committee Authority. The Committee will have the power to interpret the Plan and this Agreement and to adopt such rules for
the administration, interpretation and application of the Plan as are consistent therewith and to interpret or revoke any such rules (including, but not limited to, the determination of whether or not any Performance Units have vested). All actions
taken and all interpretations and determinations made by the Committee in good faith will be final and binding upon the Employee, the Company and all other interested persons. No member of the Committee will be personally liable for any action,
determination or interpretation made in good faith with respect to the Plan or this Agreement. 
 20. Captions. Captions
provided herein are for convenience only and are not to serve as a basis for interpretation or construction of this Agreement. 

21. Agreement Severable. In the event that any provision in this Agreement will be held invalid or unenforceable, such provision
will be severable from, and such invalidity or unenforceability will not be construed to have any effect on, the remaining provisions of this Agreement. 
 22. Modifications to the Agreement. This Agreement constitutes the entire understanding of the parties on the subjects covered. The Employee expressly warrants that he or she is not accepting this
Agreement in reliance on any promises, representations, or inducements other than those contained herein. Modifications to this Agreement or the Plan can be made only in an express written contract executed by a duly authorized officer of the
Company. Notwithstanding anything to the contrary in the Plan or this Agreement, the Company reserves the right to revise this Agreement as it deems necessary or advisable, in its sole discretion and without the consent of the Employee, to comply
with Section 409A or to otherwise avoid imposition of any additional tax or income recognition under Section 409A prior to the actual payment of Shares pursuant to this award of Performance Units. 

23. Amendment, Suspension or Termination of the Plan. By accepting this Performance Units award, the Employee expressly warrants
that he or she has received a right to receive stock under the Plan, and has received, read and understood a description of the Plan. The Employee understands that the Plan is discretionary in nature and may be amended, suspended or terminated by
the Company at any time. 
 24. Labor Law. By accepting this Performance Units award, the Employee acknowledges that:
(a) the grant of these Performance Units is a one-time benefit which does not create any contractual or other right to receive future grants of Performance Units, or benefits in lieu 

 
of Performance Units; (b) all determinations with respect to any future grants, including, but not limited to, the times when the Performance Units will be granted, the number of Performance
Units subject to each Performance Unit award and the time or times when the Performance Units will vest, shall be at the sole discretion of the Company; (c) the Employee’s participation in the Plan is voluntary; (d) the value of these
Performance Units is an extraordinary item of compensation which is outside the scope of the Employee’s employment contract, if any; (e) these Performance Units are not part of the Employee’s normal or expected compensation for
purposes of calculating any severance, resignation, redundancy, end of service payments, bonuses, long-service awards, pension or retirement benefits or similar payments; (f) the vesting of these Performance Units shall cease upon termination
of employment for any reason except as may otherwise be explicitly provided in the Plan or this Agreement; (g) the future value of the underlying Shares is unknown and cannot be predicted with certainty; (h) these Performance Units have
been granted to the Employee in the Employee’s status as an employee of the Company or its Affiliates; (i) any claims resulting from these Performance Units will be enforceable, if at all, against the Company; and (j) there shall be
no additional obligations for any Affiliate employing the Employee as a result of these Performance Units. 
 25. Disclosure
of Employee Information. By accepting this Performance Units award, the Employee consents to the collection, use and transfer of personal data as described in this paragraph. The Employee understands that the Company and its Affiliates hold
certain personal information about him or her, including his or her name, home address and telephone number, date of birth, social security or identity number, salary, nationality, job title, any shares of stock or directorships held in the Company,
details of all awards of Performance Units or any other entitlement to shares of stock awarded, canceled, exercised, vested, unvested or outstanding in his or her favor, for the purpose of managing and administering the Plan (“Data”).

 The Employee further understands that the Company and/or its Affiliates will transfer Data among themselves as necessary for
the purpose of implementation, administration and management of his or her participation in the Plan, and that the Company and/or any of its Affiliates may each further transfer Data to any third parties assisting the Company in the implementation,
administration and management of the Plan. The Employee understands that these recipients may be located in the European Economic Area, or elsewhere, such as in the U.S. or Asia. 

The Employee authorizes the Company to receive, possess, use, retain and transfer the Data in electronic or other form, for the purposes
of implementing, administering and managing his or her participation in the Plan, including any requisite transfer to a broker or other third party with whom he or she may elect to deposit any Shares of stock acquired from this award of Performance
Units of such Data as may be required for the administration of the Plan and/or the subsequent holding of Shares of stock on his or her behalf. The Employee understands that he or she may, at any time, view the Data, require any necessary amendments
to the Data or withdraw the consent herein in writing by contacting the Human Resources department and/or the Stock Programs Administrator for the Company and/or its applicable Affiliates. The Employee understands, however, that refusing or
withdrawing the Employee’s consent may affect the Employee’s ability to participate in the Plan. For more information on the consequences of the Employee’s refusal to consent or withdrawal of consent, the Employee understands
that he or she may contact the Employee’s local Human Resources representative. 

 26. Notice of Governing Law. This award of Performance Units will be governed by, and
construed in accordance with, the laws of the State of California, in the U.S.A., without regard to principles of conflict of laws. 
 oOo

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