Document:

Amended and Restated Stock Appreciation Rights and Restricted Stock Plan

 Exhibit 10.5 
 CASCADE CORPORATION STOCK APPRECIATION RIGHTS AND RESTRICTED 
 STOCK PLAN

 (As amended and restated to be effective upon shareholder approval) 

 

	Section 1.	Purposes. 

 This Plan is
intended to enable Cascade Corporation (the “Corporation”) to recognize the contribution of executives of the Corporation and its subsidiaries to the Corporation’s success, to provide them incentives to enhance the Corporation’s
business prospects and to recognize their role and that of the Board of Directors (the “Board”) in increasing value over the long term. 
  

	Section 2.	Effective Date and Duration of Plan. 

 (a) Effective Date. This amended and restated Plan shall become effective upon approval by the shareholders of the Corporation. 

(b) Duration. No stock appreciation rights (“Rights”) or restricted shares of Cascade Corporation common stock
(“Restricted Shares”) may be granted under the Plan after May 31, 2013. However, the Plan shall continue in effect until all rights issued under the Plan have been exercised or have expired. The Board may suspend or terminate the Plan
at any time, except with respect to outstanding Rights and Restricted Shares. Termination shall not affect any outstanding Rights or Restricted Shares, or the forfeitability of Rights or Restricted Shares granted under the Plan. 

 

	Section 3.	Administration. 

 The Plan
shall be administered by the Compensation Committee of the Board (the “Committee”), which shall consist of not less than two members of the Board who qualify as “outside directors” as defined under Section 162(m) of the
Internal Revenue Code. The Committee shall have full power and authority, subject to the provisions of the Plan, to: 
 (a)
Designate employee participants; 
 (b) Determine the amount and other terms and conditions of Rights to employees, such
determinations to be subject to Board approval in the case of grants to officers of the Corporation. 
 (c) Determine the amount,
conditions and restrictions for grants of Restricted Shares, such determinations to be subject to Board approval in the case of grants to officers of the Corporation, and those terms and conditions of Restricted Share grants to non-employee members
of the Board of Directors which are not stated in Section 12 of the Plan. 
 (d) Adopt and amend rules and regulations
relating to administration of the Plan, advance the lapse of any waiting period, accelerate any exercise date, and make all other determinations in the judgment of the Committee necessary or desirable for the administration of the Plan. 

Decisions of the Committee as to interpretation of, any Rights or Restricted Shares granted pursuant to, the Plan and any related
agreement shall be final. The Committee in its sole discretion may correct any defect or supply any omission or reconcile any inconsistency in the Plan or in any related agreement. 

 

	Section 4.	Eligibility. 

 The
Committee may from time to time grant Rights or Restricted Shares to such key executive employees of the Corporation (“Participants”) or of any subsidiary as the Committee may deem eligible. 

	Section 5.	Rights / Share Limitation. 

(a) A Right is a right granted under the Plan which enables the holder to receive at the time of exercise an amount, payable solely in the
form of Cascade Corporation common shares valued at Fair Market Value, equal to the difference between the Fair Market Value of a single common share of Cascade Corporation stock and the Base Price of a single common share of Cascade Corporation
stock. 
 (b) In no event shall more than 750,000 Cascade Corporation common shares, as adjusted by the Committee to reflect
proportionately any recapitalization, reclassification, stock split, combination of shares, or dividend payable in shares in connection with Cascade Corporation common shares be issued pursuant to the Plan. 

(c) In no event shall more than 100,000 Cascade Corporation common shares, as adjusted by the Committee to reflect proportionately any
recapitalization, reclassification, stock split, combination of shares, or dividend payable in shares in connection with Cascade Corporation common shares, be issued to any one individual pursuant to the exercise of Rights granted to such individual
under the Plan in a single fiscal year. 
  

	Section 6.	Required Terms and Conditions of Rights. 

 The Committee may grant Rights under the Plan, subject to such rules, terms, and conditions as the Committee prescribes in accordance with the provisions of the Plan, including the following: 

(a) Base Price. The Base Price of each Right shall be established by the Committee and may not be less than the Fair Market Value
of a common share of Cascade Corporation common stock on the date the grant is made. 
 (b) Fair Market Value. The Fair
Market Value of a common share of Cascade Corporation common stock means the closing price quoted on the New York Stock Exchange, or if the shares did not trade that date, on the last prior date on which the shares were traded. 

(c) Maximum Term of Right. A Right shall be exercisable during such period of time as the Committee may specify, provided that no
Right shall be exercisable after the expiration of 10 years from the date on which it is granted. 
 (d) Installment Exercise
Limitations. Each grant of Rights shall generally become exercisable in equal cumulative annual installments over such period as the Committee may establish, except to the extent that other terms of exercise are specifically provided by other
terms of the Plan. The Committee shall have discretion to establish vesting periods and limitations on amounts to be realized upon exercise in connection with grants it may make. 

(e) Termination of Employment. 
 (i) Death. If a Participant dies while having unexercised Rights granted under this Plan, such Rights may be exercised for a period of one year after the Participant’s death. In the event of a
Participant’s death, Rights may be exercised by such beneficiary as the Participant may have designated in writing in a manner determined by the Committee. In the absence of such a designation, the Participant’s estate shall have the right
to exercise such Rights. Rights not exercised during the period provided by this subparagraph, will expire. 
 (ii)
Retirement. If a Participant terminates employment after age 62 under circumstances which the Committee in its sole discretion deems equivalent to retirement, all unexercised Rights granted to the Participant under this Plan shall fully vest
and may be exercised for a period of one year following retirement. Rights not exercised during the period provided by this subparagraph, will expire. The provisions of this subparagraph (ii) shall apply also to retirements due to physical or
mental disability which the Committee determines is of such a nature as to prevent further performance of job duties. Should a retired Participant die while entitled to exercise Rights, the provisions of subparagraph (i) above shall apply to
the exercise of such Rights, which may be exercised for a period of one year following the Participant’s death. 

(iii) Other Termination of Employment – Not For Cause. Should a Participant cease to be employed by the Corporation or its
subsidiaries for reasons other than Death or Retirement, any Rights the Participant was entitled to exercise at the date of termination may be exercised for a period of 90 days following termination or, if longer, until 30 days have elapsed
following the public dissemination of the Corporation’s financial results for the first fiscal period 

  
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ending after the termination of the Participant’s employment. Rights not exercisable at the time of termination, and Rights not exercised during such 90-day or extended period, shall expire.
Should a terminated Participant die while entitled to exercise Rights, the provisions of subparagraph (i) above shall apply to the exercise of such Rights, which may be exercised for a period of one year following the Participant’s death.
The rights granted by this subparagraph (iii) shall not apply to a Participant who is terminated for Cause, or whom the Committee determines in its sole discretion has entered into competition with the Corporation. 

(iv) Termination for Cause. Participants whose employment is terminated for (A) willful failure to perform reasonable
directives of the Corporation’s management; (B) use of alcohol or illegal drugs which interferes with the Participant’s performance of duties in the judgment of the Corporation’s management; (C) dishonesty affecting the
Corporation or any related entity or conviction of a felony or any crime involving fraud or misrepresentation; (D) gross negligence or willful misconduct resulting in substantial loss to the Corporation, damage to the Corporation’s
reputation, or theft, embezzlement or similar loss to the Corporation; or (E) other conduct which the Committee in its sole discretion determines sufficiently harmful to the interests of the Corporation to constitute cause for termination shall
forfeit all outstanding Rights awarded under this Plan. 
 (f) Acceleration of Vesting. The Committee shall have
discretion to provide in an individual Participant’s grant agreement or subsequently for the exercise of all or a portion of Rights granted to the Participant which would not otherwise be exercisable, in the event of the Participant’s
Death. 
 (g) Exercise. 
 (i) Subject to subparagraph (iv) of this paragraph (g), the Committee shall establish the time or times for exercise of Rights. 

(ii) Each Right shall entitle the holder, upon exercise, to receive from the Corporation an amount equal in value to the excess of the
Fair Market Value on the date of exercise of one Right over its Base Price. Such amount shall be payable solely in the form of Cascade Corporation common shares valued at Fair Market Value. No Right shall be exercisable at a time that the amount
determined under this Subsection is negative. No fractional shares shall be issued as payment hereunder. 
 (iii) The
Corporation shall make no payment hereunder prior to taking steps necessary to assure that it will receive from a participant who has exercised a Right amounts necessary to satisfy any applicable federal, state or local tax withholding requirements,
including social security and other normal withholdings. 
 (iv) Rights may be exercised only during the 30-day period
following the third business day after public dissemination of the Corporation’s financial results for any fiscal quarter or for its fiscal year. 
 (h) Non-Transferability. During a Participant’s lifetime, Rights shall be exercisable only by the Participant, the Participant’s payee pursuant to a valid order by a domestic relations
court with jurisdiction, or by a legally designated guardian or conservator. With the Committee’s prior consent, a Participant may transfer Rights to a trust for his or her benefit established for estate planning purposes. 

 

	Section 7.	Required Terms and Conditions of Restricted Share Awards. 

 The Committee may grant Restricted Shares outright to a Participant or based upon a Participant’s attainment of Performance Goals pursuant to Section 8. Restricted Shares awarded by the
Committee to a Participant shall be subject to such rules, terms, and conditions as the Committee may prescribe in accordance with the provisions of the Plan, including the following: 

(a) Employment Requirement. A recipient of a grant of Restricted Shares must remain in the employment of the Corporation during a
period designated by the Committee (“Restriction Period”) in order to retain the shares under the Grant. If the recipient ceases to be employed by the Corporation during the Restriction Period, the Restricted Share grant shall terminate
and the shares of Common Stock shall be immediately returned to the Corporation; however, the Committee may, at the time of grant, provide for the employment restriction to lapse with respect to a portion

  
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or portions of the Grant of Restricted Shares at different times during the Restriction Period. If a Participant terminates employment after age 62 under circumstances which the Committee in its
sole discretion deems equivalent to retirement, all restrictions on Restricted Shares granted to the Participant shall lapse. The Committee shall have discretion to provide for such other exceptions to, or waivers of, the employment restriction as
it may deem appropriate. 
 (b) Lapse of Restrictions. All restrictions imposed under the Restricted Share grant shall
lapse when the restriction period expires if the employment requirement above and any other restrictions or performance goals have been met. The recipient shall then be entitled to certificates representing shares as to which the restriction has
expired, with restrictive legends placed pursuant to this Plan removed. 
 (c) Dividends. Any dividends declared on the
Restricted Shares during the Restriction Period shall be paid to the recipient. 
  

	Section 8.	Performance Awards. 

 (a) Generally. Where an award of Restricted Shares is intended to be performance-based (a “Performance Award”), the Committee, within the time period prescribed by
Section 162(m), will establish goals (“Performance Goals”) for each period of time over which performance is to be measured (“Performance Period”) on the basis of such criteria (“Performance Criteria”) and to
accomplish such objectives as the Committee may from time to time select. Performance Awards shall be earned solely upon attainment of Performance Goals, and the Committee shall have no discretion to increase any Performance Award. 

(b) Performance Goals. Performance Goals may be expressed in terms of overall performance of the Corporation or the
performance of an operating unit, business unit, segment, subsidiary or other division or any portion or combination thereof of the Corporation. 
 (c) Performance Criteria. The Performance Criteria that will be used to establish Performance Goals are limited to the following: net earnings, operating earnings or income, earnings per
share, cash flow, absolute and/or relative return on equity or assets, pre-tax profits, earnings growth, revenue growth, share price growth, shareholder returns, gross or net profit margin, earnings before deduction of interest and taxes
(“EBIT”), comparison to peer companies, or any combination of the foregoing, any of which may be measured either in absolute terms, or as compared to any incremental increase, or as compared to the results of a peer group. 

(d) Measure of Performance. Actual financial performance shall be measured by reference to Cascade’s financial
records and the consolidated financial statements of Cascade. In determining performance, the Committee in its sole and absolute discretion may direct that adjustments to the Performance Goals or actual financial performance as reported be made to
reflect extraordinary organizational, operational or other changes that have occurred during such Performance Period, such as (without limitation) acquisitions, dispositions, expansions, contractions, material non-recurring items of income or loss
or events that might create unwarranted hardships or windfalls to Participants, to the extent consistent with the requirements of Section 162(m) to qualify such awards as performance-based compensation. Notwithstanding the foregoing, the
Committee may, by express provision with respect to a specific award provide at the time the Performance Goals are established that one or more of the adjustments in the foregoing sentence will not be made with respect to the award or establish such
other events or circumstances, consistent with Section 162(m), with respect to which the Committee will make appropriate adjustment to the award. 
 (e) Maximum Performance Award. All Performance Awards are subject to applicable limitations set forth in Section 5 above. In no event shall more than 100,000 Cascade Corporation
common shares, as adjusted by the Committee to reflect proportionately any recapitalization, reclassification, stock split, combination of shares, or dividend payable in shares in connection with Cascade Corporation common shares, be issued to any
one individual pursuant to the grant of a Performance Award to such individual under the Plan in a single fiscal year. 
  

	Section 9.	Changes in Capital Structure, Mergers, Etc. 

 (a) Change in Capital Structure. If the outstanding shares of common stock of the Corporation are hereafter increased, decreased or changed into or exchanged for a different number or kind
of shares of the Corporation or of another corporation by reason of any recapitalization, reclassification, stock split, combination of shares or dividend payable 

  
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in shares, the Committee shall make appropriate adjustments in the price and number of outstanding Rights or portions thereof then unexercised, so that the participant’s proportionate
interest before and after the occurrence of the event is maintained; provided, however, that this Section 9(a) shall not apply with respect to transactions referred to in Section 9(b). Any such adjustment made by the Committee shall be
conclusive. 
 (b) Reorganization or Liquidation. 

(i) Cash, Stock or Other Property for Stock. Except as provided in Section 9(b)(ii), upon a merger, consolidation,
reorganization, plan of exchange or liquidation involving the Corporation, as a result of which the shareholders of the Corporation receive cash, stock or other property in exchange for or in connection with their common stock (any such transaction
to be referred to in this Section 9 as an “Accelerating Event”), any Right granted hereunder shall terminate, except as specified in the first sentence of Section 9(b)(ii), but the employee shall have the right during the 30-day
period immediately prior to any such Accelerating Event to elect to exercise Rights awarded him or her, in whole or in part, without any limitation on exercisability; provided, however, that such exercise shall be deemed to occur immediately prior
to such Accelerating Event and shall be contingent upon the occurrence of such Accelerating Event. 
 (ii) Stock for
Stock. If the shareholders of the Corporation receive capital stock of another Corporation (“Exchange Stock”) in exchange for their common stock in any transaction involving a merger, consolidation, reorganization, or plan of exchange,
all Rights granted hereunder shall be converted into stock appreciation rights and awards measured by the Exchange Stock, unless the Committee, in its sole discretion, determines that any or all such Rights shall not be converted, but instead shall
terminate in accordance with the provisions of Section 9(b)(i). The amount and price of converted Rights shall be determined by adjusting the amount and price of the Rights or other awards granted hereunder to take into account the relative
values of the Exchange Stock and Corporation’s common shares in the transaction. 
 (iii) Mergers, Acquisitions, Etc.
The Committee may also grant Rights with terms, conditions and provisions that vary from those specified in the Plan if such awards are granted in substitution for, or in connection with the assumption of, stock appreciation rights awarded by
another Corporation and assumed or otherwise agreed to be provided for by the Corporation pursuant to or by reason of a transaction involving a corporate merger, consolidation, acquisition of property or stock, separation, reorganization or
liquidation to which the Corporation or a parent or subsidiary Corporation of the Corporation is a party. 
  

	Section 10.	Amendment of Plan. 

 The
Board may modify or amend the Plan in such respects as it deems advisable but no such amendment may (a) increase the number of shares available under the Plan (other than an increase solely to reflect a reorganization, recapitalization, stock
spit, stock dividend, combination of shares, merger, consolidation or any other change in corporate structure of the Corporation affecting the common stock, or any distribution to shareholders other than a cash dividend); (b) change the types
of awards available under the Plan; (c) extend the term of the Plan; or (d) constitute a “material revision” to the Plan or other modification requiring stockholder approval pursuant to the New York Stock Exchange Corporate
Governance Listing Standards. No change in an award already granted shall be made without the written consent of the holder of such award. 
  

	Section 11.	Employment and Service Rights. 

 Nothing in the Plan or any award pursuant to the Plan shall (a) confer upon any employee any right to be continued in the employment of the Corporation or any parent or subsidiary Corporation of the
Corporation or interfere in any way with the right of the Corporation or any subsidiary of the Corporation by whom such employee is employed to terminate such employee’s employment at any time, for any reason, with or without cause, or increase
or decrease such employee’s compensation or benefits; or (b) confer upon any person engaged by the Corporation or any parent or subsidiary Corporation of the Corporation any right to be retained or employed by the Corporation or any parent
or subsidiary Corporation of the Corporation or to the continuation, extension, renewal, or modification of any compensation, contract, or arrangement with or by the Corporation or any subsidiary of the Corporation. 

 

	Section 12.	Participation by Directors. 

 Commencing June 5, 2007, after every annual meeting of the shareholders, each non-employee director of the 

  
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Corporation shall be awarded a number of Restricted Shares which most nearly totals $60,000 in value, based upon the closing price of the Corporation’s common shares quoted on the New York
Stock Exchange on the business day following the next quarterly announcement of the Corporation’s earnings. (the “Valuation Date”) No fractional shares shall be issued. Restricted Share Grants to directors shall be issued as of the
Valuation Date. Restricted Share Grants issued prior to June 1, 2010, shall vest and become free of all restrictions 25% after one year and 25% following each year of director service thereafter. Restricted Share Grants issued on or after
June 1, 2010, shall vest 100% after one year of director service following such grant. Such awards shall be subject to the provisions of this Plan in all other respects. All Rights which may have been granted to a director prior to the
effective date of this Plan as amended and restated shall be exercisable whether or not they would otherwise be subject to exercise, and all restrictions applicable to grants of restricted shares shall lapse, upon the director’s death or
reaching of the mandatory retirement age established for directors. 
  

	Section 13.	Rights as a Shareholder. 

(a) Recipients of Rights. The recipient of any award of Rights under the Plan shall have no rights as a shareholder with
respect to any Right, and except as otherwise expressly provided in the Plan, no adjustment shall be made for dividends or other rights issued to shareholders. Shares issued pursuant to the exercise of Rights may bear such restrictions on sale or
other transfer as counsel to the Corporation may determine are required under securities or other applicable laws. 
 (b)
Recipients of Restricted Shares. Recipients of awards of Restricted Shares shall be entitled to vote such shares on any issue presented to the shareholders for a vote. Recipients of awards of Restricted Shares shall not be entitled to
sell or otherwise transfer such shares except as permitted by the agreement evidencing the award. Restricted Shares may bear such restrictions on sale or other transfer as counsel to the Corporation may determine are required under securities or
other applicable laws. 
  

	Section 14.	Governing Law. 

 The
provisions of this Plan shall be governed by and interpreted in accordance with the laws of the State of Oregon. 

  
 6Short Term Incentive Plan

 Exhibit 10.9 
 CASCADE CORPORATION SHORT TERM INCENTIVE PLAN 
  

	Section 1.	Purposes 

 The
purposes of the Cascade Corporation. Short Term Incentive Plan (the “Plan”) are (i) to motivate selected key employees of Cascade Corporation (“Cascade”) to attain and maintain high standards of performance, (ii) to
attract and retain capable executives, and (iii) to encourage executives to achieve specific business goals established for Cascade. 
 The Plan is intended to qualify compensation paid under the Plan to Covered Employees (as defined in Section 3(a) below) as “performance-based compensation” as defined in
Section 162(m) of the Internal Revenue Code of 1986, as amended, and the regulations thereunder (“Section 162(m)”). 
  

	Section 2.	Administration and Interpretation 

 (a) The Plan shall be administered by the Compensation Committee (the “Committee”) of the Board of Directors of Cascade (the “Board”), which shall consist of not less than two members
of the Board who qualify as “outside directors” as defined under Section 162(m). 
 (b) The Committee is
authorized to interpret the Plan and may from time to time adopt such rules and regulations for carrying out the Plan as it may deem necessary or advisable. Decisions of the Committee shall be final, conclusive and binding upon all parties,
including, without limitation, Cascade and the key employees who participate in the Plan. 
 (c) The Plan shall be administered
to comply with Section 162(m). Should any provisions of the Plan cause any award to a Covered Employee to not qualify as performance-based compensation under Section 162(m), that provision shall be disregarded, but the other provisions of
the Plan shall remain in effect. Any action disregarding any portion of the Plan shall modify the disregarded terms to comply with Section 162(m) while giving as much effect as possible to the intent of the Plan. 

 

	Section 3.	Participation 

 (a)
Participation in the Plan during any fiscal year of Cascade (“Plan Year”) shall be limited to (i) any person serving as Chief Executive Officer of Cascade and each other executive officer of Cascade that the Committee determines, in
its discretion, is or may be a “covered employee” of Cascade within the meaning of Section 162(m) (“Covered Employees”) and (ii) those key employees of Cascade, other than the Covered Employees, who, in the sole opinion
of the Committee, are in a position to have a significant impact on the performance of Cascade and who are selected by the Committee (“Key Employees” and together with the Covered Employees, “Participants”); 

(b) Unless otherwise determined by the Committee in its sole and absolute discretion, or as provided in a Participant’s employment
agreement, if a Participant ceases to be employed by Cascade prior to the end of a Plan Year for any reason other than disability (as determined by Cascade), retirement at or after age 55, or death, his or her participation in the Plan for such Plan
Year will terminate forthwith and he or she will not be entitled to any award for such Plan Year. If, prior to the end of a Plan Year, a Participant’s employment ceases because of disability (as determined by Cascade), retirement at or after
age 55, or death, but the Participant has met the Performance Goals required to earn an award under the Plan, or if the effective date of participation by a Participant for any year shall be after February 1 of a Plan Year, the Participant
shall be entitled to receive only that proportion of the amount, if any, that he or she otherwise would have received under the Plan for the full Plan Year which the number of calendar days of his or her participation in the Plan during such Plan
Year bears to the total number of calendar days in such Plan Year; provided, however, that if the effective date of participation by a Covered Employee for any Plan Year shall be after the first day of the Plan Year, then the Committee
must establish the Performance Goals (as defined in Section 4(d) below) for such Covered Employee while the performance relating to such Performance Goals remain substantially uncertain within the meaning of Section 162(m) and in no event
after 25% of the Plan Year has elapsed. 

	Section 4.	Determination of Incentive Awards 

 Within the time period prescribed by Section 162(m) for each year, the Committee may authorize awards to Participants as follows: 

(a) For each Plan Year, the Committee shall: (i) determine the Participants who are to be eligible to receive performance-based
awards under the Plan during such Plan Year, (ii) notify each such Participant in writing concerning his or her selection for participation in the Plan for such Plan Year, (iii) select the Performance Criteria applicable to such Plan Year
for each such Participant, or for categories of Participants, and (iv) establish, in terms of an objective formula or standard for each Participant, the Performance Goal and the amount of each award which may be earned for such Plan Year if
such Performance Goal is achieved. 
 (b) The term “Performance Criteria” means the criteria that the Committee
selects for purposes of establishing the Performance Goal or Performance Goals for a Participant or category of Participants. The Performance Criteria that will be used to establish Performance Goals are limited to the following: net earnings,
operating earnings or income, earnings per share, cash flow, absolute and/or relative return on equity or assets, pre-tax profits, earnings growth, revenue growth, share price growth, shareholder returns, gross or net profit margin, earnings before
deduction of interest and taxes (“EBIT”), comparison to peer companies, or any combination of the foregoing, any of which may be measured either in absolute terms, or as compared to any incremental increase, or as compared to the results
of a peer group. 
 (c) The term “Performance Goals” means the goals established in writing by the Committee for the
Plan Year based upon the Performance Criteria. The Performance Goal may be expressed in terms of overall Company performance or the performance of an operating unit, business unit, segment, subsidiary or other division or any portion or combination
thereof of Cascade. 
 (d) Actual financial performance shall be measured by reference to Cascade’s financial records and
the consolidated financial statements of Cascade. In determining performance, the Committee in its sole and absolute discretion shall, in the case of awards to Covered Employees, and may, in the case of awards to Key Employees, direct that
adjustments to the Performance Goals or actual financial performance as reported be made to reflect extraordinary organizational, operational or other changes that have occurred during such Plan Year, such as (without limitation) acquisitions,
dispositions, expansions, contractions, material non-recurring items of income or loss or events that might create unwarranted hardships or windfalls to Participants, in each case, with respect to Covered Employees, only to the extent consistent
with the requirements of Section 162(m) to qualify such awards as performance-based compensation. Notwithstanding the foregoing, the Committee may, by express provision with respect to a specific award provide at the time the Performance Goals
are established that one or more of the adjustments in the foregoing sentence will not be made with respect to the award or establish such other events or circumstances, consistent with Section 162(m), with respect to which the Committee will
make appropriate adjustment to the award. The Committee is authorized at any time during or after the Plan Year to increase (except with respect to awards payable to Covered Employees), reduce or eliminate the amount of an award payable to any
Participant for any reason. 
  

	Section 5.	Awards 

 (a) On or before April 10 of the year subsequent to any Plan Year, the Committee shall determine awards to Participants for such Plan Year by comparing actual financial performance to the Performance
Goals, Performance Criteria and amounts of awards adopted by the Committee for such Plan Year and the Committee shall, with respect to Covered Employees, certify, by resolution or other appropriate action in writing, that the amount of the award has
been accurately determined in accordance with the terms, conditions and limits of the Plan and that the Performance Goals and any other material terms established by the Committee or set forth in this Plan were in fact satisfied. If the Committee
has not adopted specified goals for the Plan Year, the Committee shall meet by April 10 of the Plan Year subsequent to the Plan Year to determine if discretionary bonuses shall be awarded to Key Employees. Each award under the Plan shall be
paid in cash promptly (but in no event later than the April 15th of the year following the applicable Plan Year) after the amount of the award has been determined and, with respect to awards to Covered Employees, the Committee has certified that the relevant
performance goals have been achieved. 
 (b) It is not required that the maximum amount available for awards in any Plan Year be
awarded, nor that an award will be granted to any particular Participant for any Plan Year. Any portion of any amount available for making awards for any Plan Year which shall not have been awarded, shall not carry over or increase the maximum
amount of awards payable in any subsequent Plan Year. 

  
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 (c) Notwithstanding any provision in the Plan to the contrary, the maximum award payable to
any Participant under the Plan for any calendar Plan Year shall be $2.0 million. 
  

	Section 6.	Death of Participant 

 If a Participant dies before or after termination of employment, any unpaid amount of an award shall be paid to his or her legal representatives, in such manner as the Committee may determine in each
individual case, or, where the Committee has authorized the designation of beneficiaries, to such beneficiaries as may have been designated by the Participant. 
  

	Section 7.	Non-Assignability and Contingent Nature of Rights 

 No Participant or other person shall have any right or interest in the Plan or its continuance, or in the payment of any award under the Plan, unless and until all the provisions of the Plan, the rules
adopted thereunder, and restrictions and limitations on the award itself have been fully complied with. No rights under the Plan shall be transferable, assignable or subject to any pledge or encumbrance of any nature. 

 

	Section 8.	Source of Payments 

Cascade shall not have any obligation to establish any separate fund or trust or other segregation of assets to provide for payments under
the Plan. To the extent any person acquires any rights to receive payments hereunder from Cascade, such rights shall be no greater than those of an unsecured creditor. 
  

	Section 9.	Tax Withholding 

 Cascade
or a Subsidiary thereof, as appropriate, shall have the right to deduct from all payments made under the Plan to a Participant or to a Participant’s beneficiary or beneficiaries any Federal, state or local taxes required by law to be withheld
with respect to such payments. 
  

	Section 10.	Duration, Termination and Amendment 

 Subject to approval by Cascade’s shareholders at the 2011 annual meeting of Company stockholders, the Plan shall be effective for Cascade’s fiscal year commencing February 1, 2011, and
shall continue in effect until the fifth anniversary of the date of such stockholder approval, unless earlier terminated as described below. Upon such approval of the Plan by Cascade’s stockholders at the 2011 annual meeting of Company
stockholders, all awards approved or granted under the Plan for Plan Years beginning on or after February 1, 2011 shall be fully effective. 
 The Committee may at any time terminate or from time to time modify or suspend, in whole or in part, and if suspended, may reinstate, any or all of the provisions of the Plan in such respects as the
Committee may deem advisable; provided that no such termination or modification shall impair any rights which have accrued under the Plan; and provided further, that the Committee may not without stockholder approval adopt any
amendment that would require the vote of stockholders pursuant to Section 162(m). 
  

	Section 11.	No Restriction on Right to Effect Changes 

 The Plan shall not affect in any way the right or power of Cascade or its stockholders to make or authorize any sale of all or any portion of the assets of Cascade or any subsidiary, any merger or
consolidation of Cascade or any subsidiary, a reorganization, dissolution or liquidation of Cascade or any subsidiary, or any other event or series of events, whether of a similar character or otherwise. 

 

	Section 12.	Headings 

 The
headings of sections herein are included solely for convenience of reference and shall not affect the meaning of any of the provisions of the Plan. 

  
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	Section 13.	Governing Law 

This Plan shall be governed by and construed in accordance with the laws of the State of Oregon. 

 

	Section 14.	No Contract of Employment or Right to Awards 

 Nothing contained herein shall be construed as a contract of employment between Cascade and any Participant, or as giving a right to any person to be granted awards under the Plan or to continue in the
employment of Cascade or any of its subsidiaries, or as limiting the right of Cascade or any of its subsidiaries to discharge any Participant at any time, with or without cause. 

  
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