Document:

EX-10.1

 Exhibit 10.1 

SEVERANCE AGREEMENT AND RELEASE 

This Severance Agreement and Release (“Agreement”), is entered into by and between Kirk Johnson, Ph.D. (“Johnson”) and
MediciNova, Inc., a Delaware corporation (the “Company”), with regard to the following: 
 1. Separation of Employment.
Johnson’s employment with the Company ended effective September 21, 2013 (“Separation Date”). On or before this date, Johnson returned all Company property and data in his possession, including, but not limited to, any issued
laptop, printer, discs, mobile phone, tablet, air card, accessories, marketing materials, data, building badge, corporate credit card, etc. 

2. No Additional Compensation Owed. Johnson acknowledges that he has been paid in full for all accrued wages and vacation, and has been
reimbursed in full for all valid business expenses. In particular, on September 21, 2013 he received his final paycheck, which covered all work through and including the Separation Date and payment for all accrued and unused vacation. Johnson
acknowledges that any medical, dental, vision or other insurance coverage for Johnson and any dependents will end on September 30, 2013 and Johnson shall be responsible for making arrangements for any COBRA coverage through the Company’s
COBRA administrator. Johnson acknowledges that, but for this Agreement, he would not be entitled to any severance payments or any additional payments of any kind from the Company. 

3. Severance. In consideration of the covenants and promises contained in this Agreement, and as full and final compensation to Johnson
for all services as an employee, Johnson shall receive from the Company, less appropriate deductions and withholdings, a severance payment in the gross amount of (i) Ninety-Seven Thousand Eight Hundred Fifty dollars ($97,850.00) plus
(ii) Eleven Thousand Five Hundred Thirty dollars and Forty-Four cents ($11,540.44) calculated as six (6) months’ of health insurance premiums based upon the COBRA premium for such coverage in effect on August 27, 2013
(collectively, the “Severance Consideration”), payable on the eighth day after Johnson executes this Agreement (the “Effective Date”), or as soon thereafter as is practicable. Johnson shall be fully responsible for all COBRA
continuation payments (if any), and such amounts will not be withheld from the Severance Consideration. 
 4. Treatment of Stock
Options. Johnson will be allowed to exercise only those stock options that have vested as of the Separation Date, or that subsequently vest in accordance with the terms of the applicable stock option agreement and underlying stock option plan
under which such options were granted (“Vested Options”). Any exercise of stock options must be made strictly in accordance with the terms of the applicable stock option agreement and underlying stock option plan under which such options
were granted. Johnson acknowledges that, aside from the Vested Options, he has no right to equity, stock options or any other ownership interest in any of the Released Parties (defined below). 

5. Consulting Services. From and after the Separation Date, Johnson shall provide consulting services to the Company in a cumulative
amount of no more than ten (10) hours per month for a period of one (1) year following the Separation Date. As a consultant, Johnson’s duties shall include devoting his knowledge, skill, experience and attention to those matters
reasonably requested by the Chief Executive Officer but in a manner which will not interfere (as 

 
to time required) with the opportunity to maintain other employment consistent with this Section 5. During the term of such consulting services (and subject to the provisions of
Johnson’s February 1, 2010 Proprietary Information and Inventions Agreement (“Proprietary Agreement”)), Johnson agrees that he shall not: 

(a) Carry on directly or indirectly, whether or not for compensation (as proprietor, partner, stockholder (except that a less than one percent
(1%) ownership in a public corporation shall be permitted), officer, director, agent, employee, consultant, trustee, affiliate or otherwise), any business which is, or as a result of Johnson’s engagement or participation would become,
competitive with or adverse to the business of the Company including specifically, without limitation, any drug development of ibudilast or bedoradrine or any other Company product candidate as of the Separation Date in any medical indication (a
“Precluded Activity”); 
 (b) Permit Johnson’s name to be used by any business involved in a Precluded Activity; 

(c) Solicit or divert, to the detriment of the Company, or attempt to so solicit or divert, any party in a contractual or similar relationship
with the Company with whom Johnson became acquainted during Johnson’s employment or affiliation with the Company, either on his own behalf or for any other person, firm or corporation; or 

(d) Induce or attempt to induce any person who is an employee, agent or consultant of the Company to leave the employ of or service to the
Company. 
 Without limiting the other provisions of this Agreement, (i) Johnson acknowledges and agrees that the consulting
arrangement will terminate immediately upon written notice by the Company to Johnson of any breach by Johnson of any agreement with the Company (including, without limitation, this Agreement and the Proprietary Agreement); (ii) Johnson
acknowledges and agrees that it is impossible to measure in money the damages which will befall the Company by reason of Johnson’s failure to perform any of the obligations set forth in this Section 5, (iii) Johnson acknowledges that
the Company shall be entitled to enforce Johnson’s obligations under this Section 5 by court injunction (without the posting of a bond or other security), specific performance or other appropriate equitable relief, (iv) Johnson agrees
(to the maximum extent permitted by law) to have the provisions of this Section 5 specifically enforced against Johnson by any court of equity and (v) Johnson consents to the entry of injunctive relief against him enjoining or restraining
any violation or threatened violation of the provisions of this Section 5. 
  

	6.	Compensation for Consulting Services. 

 (a) The Company shall pay Johnson the sum of
Three Thousand Dollars ($3,000) per month in arrears for his consulting services hereunder. The parties expressly agree that when Johnson is performing consulting services for the Company, Johnson is acting as an independent contractor; no
employment relationship is created by the consulting arrangement. Johnson shall not be entitled to any employee benefits including, without limitation, such group medical, life and disability insurance and other benefits as may be provided to
employees of the Company. In the performance of the services contemplated by the consulting arrangement, Johnson will be responsible for providing his own working environment and resources and will determine the location for performance of
consulting services, consistent with the needs of the Company. Notwithstanding the foregoing, the Company shall reimburse Johnson for ordinary and necessary 

  
 - 2 - 

 
travel expenses incurred at the request of the Company in the performance of services hereunder in a manner consistent with the policies of the Company for any such travel expenses. 

(b) Johnson shall be solely responsible for, and shall make proper and timely payment of, any taxes due on payments made to Johnson pursuant
to the consulting arrangement (including, but not limited to, Johnson’s estimated state and federal income taxes and self-employment taxes). Johnson hereby agrees to indemnify the Company against any and all claims, liabilities or expenses
(including, without limitation, attorneys’ fees and costs) the Company incurs as a result of Johnsons’ breach of any of Johnsons’ obligations under this Section 6(b). 

7. Release. In exchange for the Severance Consideration, Johnson does hereby unconditionally, irrevocably and absolutely release and
discharge Company, and all related holding, parent or subsidiary entities (including but not limited to MediciNova (Europe) Limited and MediciNova Japan, Inc.), and their predecessors and/or affiliates, and their respective directors, officers,
employees, managers, agents, advisors, consultants, attorneys, owners, insurers, shareholders, affiliates, successors and/or assigns (collectively, with Company, the “Released Parties”), from any and all liability, claims, demands, causes
of action, suits of any type, liabilities, damages and expenses (including, but not limited to, attorneys’ fees) of any nature whatsoever, whether in law and/or in equity, known or unknown, suspected or unsuspected, related directly or
indirectly or in any way connected with any transaction, affair, occurrence or circumstance between Johnson and any Released Party to date, including, but not limited to, Johnson’s employment with the Company, or the separation or termination
of said employment and any and all claims related to salary, bonuses, commissions, stock, stock options, vacation pay, fringe benefits and expense reimbursements under any federal, state or local law. This total and complete release shall include
but not be limited to a release of claims arising under any state or federal statute or common law regulating or affecting employment in any way, regardless of applicability to Johnson or any Released Party, including Title VII of the Civil Rights
Act of 1964, 42 U.S.C. § 1981, the Age Discrimination in Employment Act, the Americans with Disabilities Act, Sections 503 and 504 of the Rehabilitation Act of 1973, the Employee Retirement Income Security Act, the Equal Pay Act, the Family and
Medical Leave Act, the Occupational Safety and Health Act, the Workers’ Adjustment and Retraining Notification Act, as amended, the Fair Labor Standards Act, the Workers’ Adjustment and Retraining Notification Act, as amended, the Fair
Labor Standards Act, the California Labor Code and statutes, the California Fair Employment and Housing Act, the California Private Attorney General Act, the California Unfair Business Practices Act, and any other federal, state or local statute,
code or ordinance, common law, contract law, or tort (including but not limited to fraudulent inducement to enter into this contract), any wages or penalties allegedly due under the California Labor Codes, including but not limited to any claim for
the penalties due under California’s Private Attorney General Act or California’s Industrial Welfare Commission Orders, and any and all claims for attorneys’ fees. This provision is intended to constitute a general release of all of
Johnson’s presently existing claims against each of the Released parties, to the maximum extent permitted by law. Notwithstanding any provision of this Agreement to the contrary, this general release does not include any claim for worker’s
compensation or unemployment insurance benefits and does not release or affect any claim that cannot be released by an agreement voluntarily entered into between private parties. Johnson represents that he knows of no claim that he may have that has
not been released by this paragraph. 

  
 - 3 - 

 8. Claims. In further consideration of the Severance Consideration, Johnson irrevocably
and absolutely agrees that he will not prosecute nor seek to have prosecuted on his behalf in any administrative agency, whether federal or state, or in any court, whether federal or state, any claim or demand of any type related to the matters
released above. It is the intention of the parties that, with the execution of this Agreement, each of the Released Parties will be absolutely, unconditionally and forever discharged of and from all obligations to or on behalf of Johnson related in
any way to the matters discharged herein. Johnson represents that he has not filed any complaint, charges or lawsuits against any Released Party with any governmental agency or any court. If any court has or assumes jurisdiction of any action on
behalf of Johnson against any of the Released Parties related in any way to the matters discharged herein, Johnson will request that court to withdraw from or dismiss the matter with prejudice. Without limiting the generality of the foregoing,
Johnson agrees that he will not bring or participate in any class action or collective action against any of the Released Parties which asserts, in whole or in part, any claim(s) which arose prior to the date this Agreement is signed by Johnson,
whether or not such claims are covered by the Release. Johnson also waives and will remit any monetary recovery resulting from any complaint or charges brought against the Company on Johnson’s behalf before any governmental agency. Johnson
further represents that he has reported to the Company any and all work-related injuries that he has suffered or sustained during his employment with the Company. (i.e., Johnson has suffered or sustained no such injuries, as none have been
reported) 
 9. Unknown Claims. Johnson acknowledges and agrees that this release extends to all claims of every nature, known or
unknown, suspected or unsuspected, past or present, and that any and all rights granted to Johnson under Section 1542 of the California Civil Code and/or any analogous federal or state law or regulation are hereby expressly waived. Said
Section 1542 of the California Civil Code reads as follows: 
 “A general release does not extend to claims
which the creditor does not know of or suspect to exist in his or her favor at the time of executing the release, which if known by him or her must have materially affected his or her settlement with the debtor.” 

Notwithstanding any provisions of this Agreement to the contrary, Johnson does not waive any right or release any claim against the Company which claim or
right arises from the Company failing to perform its undertakings as set forth in this Agreement. 
 10. Effect on Other Agreements.
This Agreement is intended to resolve any and all issues between the Company and Johnson, including, without limitation, any and all claims for wages, severance pay, compensation, benefits, equity, bonuses, or any other aspect of the employment
relationship between the Company and Johnson. This Agreement shall supersede and extinguish all prior employment agreements, express or implied, verbal or written, between the Company and Johnson; provided, however, that this Agreement shall also
not in any way supersede or affect any obligation of Johnson, contractual or otherwise, with respect to the disclosure, use or protection of any proprietary or confidential information of the Company. Specifically, this Agreement shall have no
effect on any obligation of Johnson under his Proprietary Agreement (or any similar arrangements). Without limiting the foregoing, this Agreement shall also not in any way supersede or affect any obligation of Johnson, contractual or otherwise, with
respect to the disclosure, use or protection of any proprietary or confidential 

  
 - 4 - 

 
information of the Company, including any trade secrets, or with respect to the disclosure and assignment of inventions made or conceived by Johnson during his employment. All previous written
agreements and obligations imposed by any contract relating to the intellectual property of the Company or any of its subsidiaries, affiliates, partners or customers, or any other third party with which the Company has any business relations shall
remain in full force and effect and survive the execution of this Agreement. Johnson acknowledges that his breach of such duties shall constitute a breach of this Agreement. 

11. Survival and Binding Effect. The terms of this Agreement shall survive and continue in effect after the Severance Consideration is
fully paid. Johnson further declares and represents that no promise, inducement or agreement not expressed herein has been made to him and that this Agreement contains the entire agreement between the parties relating to the subject matter hereof
and may not be changed, added to or otherwise modified except by a writing signed by the parties hereto. 
 12. Successors. The
Company and Johnson understand and expressly agree that this Agreement shall bind and benefit the heirs, partners, successors, employees, directors, members, officers, attorneys, affiliates, predecessors, representatives and assigns of the Company
and Johnson. 
 13. Severability. The terms of this Agreement are severable and if any terms of this Agreement are found
unenforceable for any reason, the remaining terms of this Agreement shall be enforced in full. 
 14. Return of Property. Johnson
acknowledges that through Johnson’s employment with the Company, Johnson has acquired and had access to the Company’s information, property and trade secrets. Johnson covenants and agrees that he will return to the Company, promptly upon
the request of the Chief Executive Officer, any property, materials, equipment, documents, confidential information, computers, data, electronic media, data storage devices, cloud storage data, PDAs, smart phones, tablet computers, or other items
belonging to the Company or relating in any way to his employment with the Company or his provision of consulting services hereunder. Further, Johnson agrees to maintain the strict confidentiality of any trade secret or proprietary information he
became aware of during his employment. 
 15. Cooperation and Non-Disparagement. Johnson agrees that he will not disparage the
Company or any of the Released Parties in any communications, and will use his best efforts to ensure that his departure from employment with the Company is not disruptive. Johnson further agrees to cooperate with the Company by providing all
information that the Company may hereafter reasonably request with respect to matters involving the work Johnson has performed and his responsibilities and duties during his employment, so long as such requests do not unreasonably interfere with any
other job in which Johnson is engaged. 
 16. No Re-Hire or Reinstatement. Johnson agrees he shall not in the future apply for or
accept employment with the Company or with any of its related holding, parent or subsidiary entities. In the event Johnson becomes employed by such an entity, this Agreement shall constitute grounds for Johnson’s immediate termination of such
employment. Johnson further waives any rights to reinstatement he may have with respect to any claim released herein. 

  
 - 5 - 

 17. Arbitration of Disputes. Except as prohibited by law, any dispute concerning the
scope, interpretation or application of this Agreement or regarding any aspect of the employment of Johnson by the Company shall be resolved through final and binding arbitration in San Diego, California in accordance with the then existing
Employment Dispute Resolution Rules (the “Rules”) of the American Arbitration Association (“AAA”). Judgment upon the award rendered by the arbitrator in such proceeding may be entered in any court having jurisdiction thereof,
provided, however, that the law applicable to any issues regarding the scope, effectiveness or interpretation of this arbitration provision shall be the Federal Arbitration Act. The arbitration shall be conducted by a single neutral arbitrator
selected by the parties from a list maintained by the AAA. The arbitrator shall render his/her decision in writing to the Company, Johnson and respective counsel within twenty (20) days of the completion of the arbitration. The arbitrator shall
have no power to award attorneys’ fees or costs except as provided by statute or by separate written agreement between the parties; provided, however, that, in the event Johnson prevails in the arbitration, the Company shall pay all
administrative fees assessed by the AAA and shall pay the fees of the arbitrator. Notwithstanding the foregoing, nothing herein shall preclude either party from seeking, on a temporary basis, relief from a court in a dispute involving the ownership,
use, or disclosure of confidential or proprietary information or trade secrets, until such time as an arbitrator can be selected. Once selected, the arbitrator shall have the power to continue, vacate, modify or amend any temporary or interim
relief, and shall have the power to resolve the dispute. In the event that any aspect of this arbitration provision is found unenforceable by a court of competent jurisdiction, the remainder of the arbitration provisions shall be severed from the
invalid portion and the remaining portions shall be given full effect according to its terms. This arbitration provision shall supersede any and all prior agreements between the Company and Johnson on the subject of arbitration in employment-related
claims. 
 18. Interpretation and Governing Law. The validity, interpretation, and performance of this Agreement shall be construed
and interpreted according to the laws of the State of California, without reference to any conflict or choice of laws provision that would make the laws of another jurisdiction applicable. In the event of any legal proceeding for breach and/or
enforcement of this Agreement, Johnson consents to personal jurisdiction in the courts of California. This Agreement shall not be interpreted for or against either party hereto on the ground that such party drafted or caused this Agreement to be
drafted. If any provision of this Agreement, or part thereof, is held invalid, void or voidable as against public policy or otherwise, the invalidity shall not affect other provisions, or parts thereof, which may be given effect without the invalid
provision or part. To this extent, the provisions, and parts thereof, of this Agreement are declared to be severable. 
 19.
Admissions. It is agreed that this Agreement is not an admission of any liability or fault whatsoever by either the Company or Johnson. 

20. Older Workers Benefit Protection Act Acknowledgements. Johnson acknowledges and agrees that the Severance Consideration constitutes
consideration beyond that which, but for the mutual covenants set forth in this Agreement, the Company would be obligated to provide, or Johnson otherwise would be entitled to receive. Johnson has twenty-one (21) days after actual receipt of
this Agreement in which to consider and execute this Agreement. Mutually agreed upon changes to this Agreement, whether material or immaterial, do not restart the 21 day period. Johnson agrees and acknowledges that if he chooses to sign this
Agreement before 21 days after he received it, that he has done so voluntarily. Furthermore, Johnson has a 

  
 - 6 - 

 
period of seven (7) days following the execution of this Agreement in which to revoke this Agreement. Accordingly, this Agreement will not become effective or enforceable until the
revocation period has expired. 
 21. Counsel. Johnson acknowledges that he fully understands his right to discuss this Agreement with
independent counsel of his choice, that he is encouraged to do so, that he has carefully read and fully understands this entire Agreement and that he is voluntarily entering into this Agreement. 

22. Counterparts. This Agreement may be executed in two counterparts, each of which shall be deemed an original, and all of which
together shall constitute one and the same instrument. Executed counterparts may be exchanged by facsimile or via electronic mail. 
 The
undersigned have executed this Agreement on the date and at the location stated below. 
  

					
	JOHNSON: Kirk Johnson, Ph.D.	 		 	COMPANY: MediciNova, Inc., a Delaware corporation
			
	By: /s/ Kirk Johnson	 		 	By: /s/ Yuichi Iwaki
	Johnson’s Signature	 		 	Name: Yuichi Iwaki, M.D.
		 		 	Title:   President & Chief Executive Officer
		 		 	
	Date: September 23, 2013	 		 	Date: September 25, 2013
		 		 	
	Location: Moraga, CA	 		 	Location: San Diego, CA

  

	
	Approved as to Form:
	
	/s/ Michael J. Low
	Signature of Counsel
	
	
	Michael J. Low
	Name
	
	
	Date: September 25, 2013

  
 - 7 -EX-10.1

 Exhibit 10.1 

CONTINENTAL RESOURCES, INC. 

DEFERRED COMPENSATION PLAN 

 TABLE OF CONTENTS 

 

							
	 	  	 	  	Page	 
	 ARTICLE I PREAMBLE AND PURPOSE
	  	 	1	  
			
	 1.1
	  	Preamble	  	 	1	  
	 1.2
	  	Purpose	  	 	1	  
	 1.3
	  	ERISA Status	  	 	1	  
		
	 ARTICLE II DEFINITIONS AND CONSTRUCTION
	  	 	1	  
			
	 2.1
	  	Definitions	  	 	1	  
	 2.2
	  	Construction	  	 	7	  
		
	 ARTICLE III PARTICIPATION AND FORFEITABILITY OF BENEFITS
	  	 	7	  
			
	 3.1
	  	Eligibility and Participation	  	 	7	  
	 3.2
	  	Forfeitability of Benefits	  	 	8	  
		
	 ARTICLE IV DEFERRAL, COMPANY CONTRIBUTIONS, INVESTMENTS, ACCOUNTING
	  	 	9	  
			
	 4.1
	  	General Rules Regarding Deferral Elections	  	 	9	  
	 4.2
	  	Base Pay Deferrals	  	 	9	  
	 4.3
	  	Cash Incentive Award Deferrals	  	 	9	  
	 4.4
	  	Company Contributions	  	 	10	  
	 4.5
	  	Investment Options	  	 	11	  
	 4.6
	  	Accounting for Deferred Compensation	  	 	11	  
		
	 ARTICLE V VESTING AND DISTRIBUTION OF BENEFITS
	  	 	12	  
			
	 5.1
	  	Distributions Generally	  	 	12	  
	 5.2
	  	Termination Distributions to Specified Employees	  	 	12	  
	 5.3
	  	Unforeseeable Emergency	  	 	12	  
	 5.4
	  	Accelerated Vesting and Distribution of Accounts	  	 	13	  
	 5.5
	  	Termination of Employment Pursuant to a Termination for Cause or Voluntary Resignation	  	 	13	  
	 5.6
	  	Potential Accelerated Distribution Events	  	 	13	  
	 5.7
	  	Potential Delay for Section 162(m) of the Code	  	 	14	  
	 5.8
	  	Withholding	  	 	14	  
	 5.9
	  	Impact of Reemployment on Benefits	  	 	14	  

  
 (i) 

							
	 	  	 	  	Page	 
	 ARTICLE VI PAYMENT LIMITATIONS
	  	 	15	  
			
	 6.1
	  	Spousal Claims	  	 	15	  
	 6.2
	  	Legal Disability	  	 	16	  
	 6.3
	  	Assignment	  	 	16	  
		
	 ARTICLE VII FUNDING
	  	 	16	  
			
	 7.1
	  	Funding	  	 	16	  
	 7.2
	  	Creditor Status	  	 	17	  
		
	 ARTICLE VIII ADMINISTRATION
	  	 	17	  
			
	 8.1
	  	The Board	  	 	17	  
	 8.2
	  	Powers of Board	  	 	17	  
	 8.3
	  	Appointment of Plan Administrator	  	 	17	  
	 8.4
	  	Duties of Plan Administrator	  	 	18	  
	 8.5
	  	Indemnification of Board and Plan Administrator	  	 	19	  
	 8.6
	  	Claims for Benefits	  	 	19	  
	 8.7
	  	Receipt and Release of Necessary Information	  	 	21	  
	 8.8
	  	Overpayment and Underpayment of Benefits	  	 	21	  
		
	 ARTICLE IX OTHER BENEFIT PLANS OF THE COMPANY
	  	 	22	  
			
	 9.1
	  	Other Plans	  	 	22	  
		
	 ARTICLE X AMENDMENT AND TERMINATION OF THE PLAN
	  	 	22	  
			
	 10.1
	  	Continuation	  	 	22	  
	 10.2
	  	Amendment of Plan	  	 	22	  
	 10.3
	  	Termination of Plan	  	 	22	  
	 10.4
	  	Termination of Affiliate’s Participation	  	 	23	  
		
	 ARTICLE XI MISCELLANEOUS
	  	 	24	  
			
	 11.1
	  	No Reduction of Employer Rights	  	 	24	  
	 11.2
	  	Provisions Binding	  	 	24	  

  
 (ii) 

 CONTINENTAL RESOURCES, INC. 

DEFERRED COMPENSATION PLAN 

ARTICLE I 
 PREAMBLE AND
PURPOSE 
  

	1.1	Preamble. This Continental Resources, Inc. Deferred Compensation Plan (the “Plan”) is intended to permit Continental Resources, Inc., an Oklahoma corporation (the
“Company”) and its participating Affiliates, as defined herein (collectively, the “Employer”), to attract and retain a select group of management or highly compensated Employees as determined by the
Plan Administrator (the “Select Group”) and Directors, as defined herein. 

  

	1.2	Purpose. Through this Plan, the Employer intends to permit the deferral of compensation and to provide additional benefits to Directors and members of the Select Group. The Employer desires to accomplish
these objectives by helping to provide for the retirement of those Employees and Directors chosen to participate in the Plan. 

  

	1.3	ERISA Status. It is intended that this Plan will not constitute a “qualified plan” subject to the limitations of section 401(a) of the Code, nor will it constitute a “funded plan,” for
purposes of such requirements. It also is intended that this Plan will be exempt from the participation and vesting requirements of Part 2 of Title I of ERISA, the funding requirements of Part 3 of Title I of ERISA, and the fiduciary requirements of
Part 4 of Title I of ERISA by reason of the exclusions afforded plans that are unfunded and maintained by an employer primarily for the purpose of providing deferred compensation for a select group of management or highly compensated Employees.

 ARTICLE II 

DEFINITIONS AND CONSTRUCTION 
  

	2.1	Definitions. When a word or phrase appears in this Plan with the initial letter capitalized, and the word or phrase does not commence a sentence, the word or phrase will generally be a term defined in this
Section 2.1. The following words and phrases with the initial letter capitalized will have the meaning set forth in this Section 2.1, unless a different meaning is required by the context in which the word or phrase is used.

  

	 	(a)	“Account” means one or more of the bookkeeping accounts maintained by the Company or its agent on behalf of a Participant, as described in more detail in Article IV. 

 

	 	(b)	“Affiliate” means any corporation, trade or business which is treated as a single employer with the Company under Sections 414(b) or 414(c) of the Code and any other entity designated by the Plan
Administrator as an “Affiliate” for purposes of the Plan. 

  
 1 

	 	(c)	“Alternate Payee” means any spouse, former spouse, child, or other dependent of a Participant who is recognized by a DRO as having a right to receive all, or a portion of, the benefits payable
under the Plan with respect to such Participant. 

  

	 	(d)	“Base Pay” means the annual rate of base salary paid by the Employer to an Eligible Person, or any cash retainers or fees paid by the Employer to a Director. 

 

	 	(e)	“Beneficiary” means the person or persons designated by the Participant to receive a distribution of his or her benefits under the Plan upon the death of the Participant, through a properly
executed will or pursuant to a beneficiary designation form prescribed by the Plan Administrator, as applicable, and lastly filed with the Plan Administrator. 

  

	 	(f)	“Board” means the Board of Directors of the Company. 

  

	 	(g)	“Cash Incentive Award” means an annual or long-term cash incentive payment to a Participant pursuant to an Employer’s cash incentive plans, any bonus or commission payments, or any
other cash incentive payment designated by the Plan Administrator as an eligible Cash Incentive Award for purposes of this Plan. 

  

	 	(h)	“Change of Control” shall have the meaning given the term “Change in Control Event” in the LTIP as in effect on the Effective Date; provided, however, that any modification to the
definition of “change of control” in the LTIP adopted after the Effective Date shall apply for purposes of this Plan, except that any modification to such definition adopted on or after, or within 180 days prior to, a Change of Control
shall not apply in determining the definition of such term under this Plan unless such amendment is favorable to the Participant; and provided further, however, that in the event any distribution due to a Participant under this Plan would also
constitute “deferred compensation” within the meaning of the Treasury Regulation § 1.409A-1(b)(1), either by design or due to a subsequent modification in the terms of such distribution or as a result in a change in the law occurring
after the Effective Date, then to the extent such distribution is not exempt from section 409A of the Code by an applicable exemption, the term “Change of Control” shall mean an event that constitutes not only a Change of
Control event described in the LTIP, but also constitutes a “change in control” within the meaning of section 409A of the Code and any Internal Revenue Service guidance promulgated with respect to section 409A of the Code.

  

	 	(i)	“Code” means the Internal Revenue Code of 1986, as amended from time to time. 

  

	 	(j)	“Company” has the meaning set forth in Section 1.1 

  

	 	(k)	“Compensation” means a Participant’s Base Pay, Cash Incentive Awards and any other item of compensation that the Plan Administrator determines to be Compensation for purposes of this Plan;
provided, however, that Compensation shall not include any compensation that has been previously deferred under this Plan or any other arrangement subject to section 409A of the Code. 

  
 2 

	 	(l)	“Compensation Committee” means the Compensation Committee of the Board. 

  

	 	(m)	“Director” means a member of the Board who is not an Employee. 

  

	 	(n)	“Disability” means a Participant’s inability to engage in any substantial gainful activity by reason of a medically determinable physical or mental impairment that can be expected to result
in death or can be expected to last for a continuous period of not less than twelve (12) months. 

  

	 	(o)	“Discretionary Contribution” means the contribution made by the Employer on behalf of a Participant as described in Section 4.4(b). 

 

	 	(p)	“DRO” means a domestic relations order that is a judgment, decree, or order (including one that approves a property settlement agreement) that relates to the provision of child support, alimony
payments or marital property rights to a spouse, former spouse, child or other dependent of a Participant and is rendered under a state (within the meaning of section 7701(a)(10) of the Code) domestic relations law (including a community property
law) and that: 

  

	 	(i)	Creates or recognizes the existence of an Alternate Payee’s right to, or assigns to an Alternate Payee the right to receive all or a portion of the benefits payable with respect to a Participant under the Plan;

  

	 	(ii)	Does not require the Plan to provide any type or form of benefit, or any option, not otherwise provided under the Plan; 

  

	 	(iii)	Does not require the Plan to provide increased benefits (determined on the basis of actuarial value); 

  

	 	(iv)	Does not require the payment of benefits to an Alternate Payee that are required to be paid to another Alternate Payee under another order previously determined to be a DRO; and 

 

	 	(v)	Clearly specifies: the name and last known mailing address of the Participant and of each Alternate Payee covered by the DRO; the amount or percentage of the Participant’s benefits to be paid by the Plan to each
such Alternate Payee, or the manner in which such amount or percentage is to be determined; the number of payments or payment periods to which such order applies; and that it is applicable with respect to this Plan. 

 

	 	(q)	“Effective Date” means January 1, 2014, except as provided otherwise herein. 

  
 3 

	 	(r)	“Election Form” means the written forms provided by the Plan Administrator pursuant to which the Participant consents to participation in the Plan and makes elections with respect to deferrals.
Such Participant consent and elections may be done either in writing or on-line through an electronic signature, as the Plan Administrator prescribes. 

  

	 	(s)	“Eligible Person” means an Employee that is designated as an Eligible Person by the Plan Administrator, and each Director. As provided in Section 3.1, the Plan Administrator may at any time,
in its sole and absolute discretion, limit the classification of Employees who are eligible to participate in the Plan for a Plan Year and/or may modify or terminate an Eligible Person’s participation in the Plan without the need for an
amendment to the Plan. 

  

	 	(t)	“Employee” means each member of the Select Group receiving remuneration, or who is entitled to remuneration, for services rendered to the Employer, in the legal relationship of employer and
employee. 

  

	 	(u)	“Employer” means, collectively, the Company and each Affiliate which has adopted the Plan as a participating employer. An Affiliate may evidence its adoption of the Plan either by a formal action
of its governing body or by commencing deferrals and taking other administrative actions with respect to this Plan on behalf of its employees. An entity will cease to be a participating employer as of the date such entity ceases to be an Affiliate.

  

	 	(v)	“ERISA” means the Employee Retirement Income Security Act of 1974, as amended from time to time. 

  

	 	(w)	“Good Reason” means, without the Participant’s consent, any of the following events: (i) a material diminution in the Participant’s Base Pay, (ii) a material diminution of the
Participant’s authority, duties or responsibilities (or the diminution of the authority, duties or responsibilities of the Participant’s immediate supervisor), or (iii) a required relocation of the Participant to an office or a
location which would increase his or her daily commute distance by more than fifty (50) miles (one-way); provided, however; that Good Reason will only be found to have occurred if the Participant provides the Employer with notice of the Good
Reason event within ninety (90) days of the occurrence of such an event, and the Employer is provided with thirty (30) days in which to cure or remedy the alleged Good Reason event. 

 

	 	(x)	“Investment Option” means an investment fund, index or vehicle selected by the Plan Administrator and made available to Participants for the deemed investment of their Account. 

 

	 	(y)	“Involuntary Termination” means a Termination of Employment due to the Employer’s termination of the Participant without Cause, or by the Participant with Good Reason. 

  
 4 

	 	(z)	“Long-Term Incentive Plan” or “LTIP” means the Continental Resources, Inc. 2013 Long-Term Incentive Plan, as amended from time to time, or any successor long-term
incentive plan of the Employer. 

  

	 	(aa)	“Matching Contribution” means the contribution made by the Employer on behalf of a Participant as described in Section 4.4(a). 

 

	 	(bb)	“Normal Retirement” means a Participant’s Termination of Employment with the Employer on or after the date that he or she reaches the age of 62. 

 

	 	(cc)	“Open Enrollment Period” means the period occurring each year during which an Eligible Person may make his or her elections to defer his or her Compensation for a subsequent Plan Year pursuant to
Article IV. 

  

	 	(dd)	“Participant” means each Eligible Person who has been designated for participation in this Plan and each Employee or former Employee (or Director or former Director) whose participation in this
Plan has not terminated. Each such Participant who is currently employed by the Employer or serving as a member of the Board will be referred to herein as an “Active Participant” and each such Employee who is no longer employed by the
Employer and each Director who is no longer serving as a member of the Board but has an Account balance under the Plan will be referred to herein as an “Inactive Participant.” 

 

	 	(ee)	“Plan” means the Continental Resources, Inc. Deferred Compensation Plan as set forth herein and as the same may be amended from time to time. 

 

	 	(ff)	“Plan Administrator” means the Compensation Committee, unless the Board appoints a different individual, individuals or committee to handle the day-to-day administration of the Plan.

  

	 	(gg)	“Plan Year” means the calendar year. 

  

	 	(hh)	“Select Group” has the meaning set forth in Section 1.1 

  

	 	(ii)	“Special Enrollment Period” means the thirty (30) day period after an Employee is employed by the Employer (or a Director is elected to the Board) and advised of his or her eligibility to
participate in the Plan during which the Eligible Person may make his or her elections to defer Compensation earned after such election pursuant to Article IV. The Plan Administrator may also designate certain periods as Special Enrollment Periods
to the extent permitted under section 409A of the Code (e.g., deferral elections for Compensation that is deemed to be “performance-based compensation” within the meaning of Treas. Reg. Section 1.409A-1(e) may be made no
later than six (6) months prior to the end of the applicable performance period). 

  
 5 

	 	(jj)	“Specified Employee” means, at any time in which the common stock of Employer is publicly traded on an established securities market (within the meaning of Treasury Regulation § 1.409A-1,
et seq.), any Employee or former Employee (including any deceased Employee) who at any time during the Plan Year was: 

  

	 	(i)	an officer of the Company or an Affiliate having compensation within the meaning of section 415(c) of the Code of greater than the dollar amount set forth in section 416(i), as adjusted under section 416(i)(1) of the
Code (i.e., $165,000 in 2013); 

  

	 	(ii)	a five (5) percent owner; or 

  

	 	(iii)	a one (1) percent owner having compensation within the meaning of section 415(c) of the Code of more than one hundred fifty thousand dollars ($150,000). 

The Plan Administrator will make determinations of who is or is not a Specified Employee in accordance with sections 416(i) and 409A of the
Code and other guidance of general applicability issued thereunder. 
  

	 	(kk)	“Termination for Cause” shall mean a Termination of Employment due to an event constituting “Cause” under a Participant’s individual employment or severance agreement with the
Employer, and in the event that no such agreement exists, for any of the following events: (i) commission of an act of fraud, embezzlement, misappropriation, willful misconduct or breach of fiduciary duty against the Employer or other conduct
harmful or potentially harmful to the Employer’s best interest, as reasonably determined by the Plan Administrator; (ii) any conviction, plea of no contest or nolo contendere, deferred adjudication or unadjudicated probation for any
felony, or any crime involving moral turpitude; or (iii) continued failure to substantially perform Participant’s material obligations and duties of employment with the Employer. 

 

	 	(ll)	“Termination of Employment” means (i) with respect to an Employee, the date that such Employee ceases performing services for the Employer and its Affiliates in the capacity of an employee
and (ii) with respect to a Director, the date that such Director ceases to provide services to the Company as a member of the Board; provided, however, that in each case such event constitutes a “separation from service” within the
meaning of Treasury Regulation § 1.409A-1(h). An Employee who transfers employment between entities that are considered an “Employer” under this Plan, regardless of whether such entity has adopted the Plan as a participating employer,
will not necessarily incur a Termination of Employment. 

  
 6 

	 	(mm)	“Trustee” means the individual or entity appointed to serve as trustee of any trust established as a possible source of funds for the payment of benefits under this Plan as provided in Section
7.1. 

  

	 	(nn)	“Unforeseeable Emergency” means a financial hardship to the Participant resulting from (i) an illness or accident of the Participant, a spouse, a beneficiary, or a dependent (as defined
under section 152(a) of the Code), (ii) a loss of the Participant’s property due to casualty, (iii) the imminent foreclosure of or eviction from the Participant’s residence, (iv) the need to pay medical expenses or
prescription drug expenses, (v) the need to pay for funeral expenses of a spouse, beneficiary or dependent (as defined under section 152(a) of the Code), or (vi) any other similar extraordinary and unforeseeable loss arising from events
beyond the control of the Participant, as determined by the Plan Administrator in its sole and absolute discretion and in accordance with the requirements of section 409A of the Code. 

A distribution on account of Unforeseeable Emergency may be made only to the extent that the Participant’s need cannot be met through
insurance reimbursements, the liquidation of other assets (but only if such liquidation would not itself cause a hardship), or by cessation of deferrals under the Plan. The amount of the distribution cannot exceed the amount necessary to meet the
need (plus any taxes resulting from the distribution). 
  

	 	(oo)	“Voluntary Resignation” means a Participant’s voluntary Termination of Employment, other than for Normal Retirement or for Good Reason. 

 

	2.2	Construction. If any provision of this Plan is determined to be for any reason invalid or unenforceable, the remaining provisions of this Plan will continue in full force and effect. All of the provisions of this
Plan will be construed and enforced in accordance with the laws of the State of Oklahoma and will be administered according to the laws of such state, except as otherwise required by ERISA, the Code or other applicable federal law. The term
“delivered to the Plan Administrator,” as used in this Plan, will include delivery to a person or persons designated by the Plan Administrator for the disbursement and the receipt of administrative forms. Delivery will be deemed to have
occurred only when the form or other communication is actually received. Headings and subheadings are for the purpose of reference only and are not to be considered in the construction of this Plan. 

ARTICLE III 

PARTICIPATION AND FORFEITABILITY OF BENEFITS 
  

	3.1	Eligibility and Participation. 

  

	 	(a)	 Determination of Eligibility. It is intended that eligibility to participate in the Plan will be limited to Eligible Persons, as determined by
the Plan Administrator, in its sole and absolute discretion. Once an Eligible Person has been deemed eligible to participate in the Plan, that Eligible Person will remain eligible to

  
 7 

	 	
participate in the Plan in subsequent years or periods until or unless the Plan Administrator informs the Eligible Person that he or she is no longer eligible to participate, the individual
incurs a Termination of Employment, or the Plan is terminated. During each Open Enrollment Period, each Eligible Person will be contacted in writing and informed that he or she may elect to defer portions of his or her Compensation and will be
provided with an Election Form and such other forms as the Plan Administrator will determine. An Eligible Person will first become a Participant by completing all required forms and making a deferral election during an Open or Special Enrollment
Period pursuant to Section 4.1. 

  

	 	(b)	Limits on Eligibility. The Plan Administrator may at any time, in its sole and absolute discretion, limit the classification of Employees eligible to participate in the Plan and/or may limit or terminate an
Eligible Person’s participation in the Plan. 

 An Employee who takes an Unforeseeable Emergency distribution pursuant to
Section 5.3 of this Plan will have his or her deferrals under this Plan suspended for the remainder of the Plan Year in which such distribution occurs. 
  

	 	(c)	Eligibility on Initial Employment. If an Eligible Person is employed or elected to the Board during the Plan Year and designated by the Plan Administrator to be a Participant for such year, such Eligible Person
may elect to participate in the Plan during the Special Enrollment Period for the remainder of such Plan Year, by completing all required forms. 

  

	 	(d)	Loss of Eligibility Status. A Participant under this Plan who incurs a Termination of Employment will continue as an Inactive Participant under this Plan until the Participant has received payment of all amounts
payable to him or her under this Plan. In the event that an Eligible Person ceases active participation in the Plan because the Eligible Person is no longer described as a Participant pursuant to this Section 3.1, or because he or she ceases
making deferrals of Compensation, the Eligible Person will continue as an Inactive Participant under this Plan until he or she has received payment of all amounts payable to him or her under this Plan. 

 

	3.2	Forfeitability of Benefits. Except as provided in Section 6.1, a Participant will at all times have a nonforfeitable right to all amounts credited to his or her Account pursuant to Sections 4.2 or 4.3.
Amounts credited to a Participant’s Account pursuant to Section 4.4 shall be nonforfeitable in accordance with the vesting schedule, if any, imposed on such amounts in accordance with Section 4.4. As provided in Section 7.2,
however, each Participant will be only a general creditor of the Company and/or the Employer with respect to the payment of any benefit under this Plan. 

  
 8 

 ARTICLE IV 

DEFERRAL, COMPANY CONTRIBUTIONS, INVESTMENTS, ACCOUNTING 
  

	4.1	General Rules Regarding Deferral Elections. An Eligible Person may become a Participant in the Plan for the applicable Plan Year by electing during the Open Enrollment Period to defer his or her Compensation
pursuant to the terms of this Section 4.1 on an Election Form. Such Election Form will be submitted to the Plan Administrator by the date specified by the Plan Administrator and will be effective with respect to any Compensation the Participant
earns beginning January 1 of the Plan Year immediately following the Plan Year in which the Election Form was properly submitted. 

In the case of an Eligible Person who is newly employed or elected to the Board during the Plan Year, the Election Form will be entered into
within the Special Enrollment Period and submitted to the Plan Administrator by the date specified by the Plan Administrator and the specified deferral elections will only be effective with respect to Compensation earned after the date such Election
Form is received by the Plan Administrator. 
 The Plan Administrator shall have the authority to open additional Special Enrollment Periods
for the deferral of Compensation in its sole discretion. 
 A Participant’s Election Form will only be effective with respect to a
single Plan Year and will become irrevocable on the last day of the Open Enrollment Period or the Special Enrollment Period, as applicable, except as provided in Sections 5.3, 6.1 and 10.3. Deferral elections for each applicable Plan Year of
participation will be made during the Open Enrollment Period pursuant to new Election Forms. 
 The Company (or an applicable Affiliate)
shall have the authority to determine the payroll practices under which any component of Compensation subject to a deferral under this Plan will be deducted from a Participant’s Compensation. 

 

	4.2	Base Pay Deferrals. Each Eligible Person may elect to defer a designated full percentage of his or her Base Pay to the Plan, up to a maximum percentage of one hundred percent (100%) of the Employee’s
Base Pay for the applicable Plan Year, in increments of five percent (5%). A Participant shall at all times be one hundred percent (100%) vested in the Base Pay deferred into this Plan. Base Pay deferrals shall be credited to the
Participant’s Account within the five business (5) day period following the date that the Base Pay would otherwise have been paid to the Participant. 

  

	4.3	Cash Incentive Award Deferrals. Each Eligible Person may elect to defer a designated full percentage of his or her Cash Incentive Award to the Plan, up to a maximum percentage of one hundred percent
(100%) of the Employee’s Cash Incentive Award for the applicable Plan Year, in increments of five percent (5%). A Participant shall at all times be one hundred percent (100%) vested in the Cash Incentive Award amounts deferred into
this Plan. Cash Incentive Award deferrals shall be credited to the Participant’s Account within the five business (5) day period following the date that the Cash Incentive Award would otherwise have been paid to the Participant.

  
 9 

	4.4	Company Contributions. 

  

	 	(a)	Matching Contribution. The Employer may elect to make a Matching Contribution to the Plan in any Plan Year with respect to all or any portion of the Compensation deferred on behalf of all or some of the
Participants, other than Directors, for such Plan Year. With respect to all Participants other than the Company’s then-current Chief Executive Officer, the Plan Administrator or the Board may determine the amount of the Matching Contribution
and any terms or conditions relating to the Matching Contribution; with respect to the Company’s then-current Chief Executive Officer, the full Board must determine the amount of the then-current Chief Executive Officer’s Matching
Contribution and any terms or conditions relating to the Matching Contribution. Any Matching Contribution credited by the Employer to the Participant’s Account will be in the form of a cash contribution. Matching Contributions for any or all
Participants may be subject to a vesting schedule established by the Plan Administrator (or, with respect to the Company’s then-current Chief Executive Officer, the full Board) and communicated to the applicable Participant, such schedules of
which do not need to be the same for any two Participants. Any contributions directly credited to the Participant’s Account pursuant to a Matching Contribution will be credited to each Participant’s Account at such times as determined by
the Plan Administrator or the Board, as applicable. 

  

	 	(b)	Discretionary Contribution. The Employer may elect to make a Discretionary Contribution to any Participant’s Account at any time, other than a Director’s Account. With respect to all Participants other
than the Company’s then-current Chief Executive Officer, the Plan Administrator or the Board may determine the amount of the Discretionary Contribution and any terms or conditions relating to the Discretionary Contribution; with respect to the
Company’s then-current Chief Executive Officer, the full Board must determine the amount of the then-current Chief Executive Officer’s Discretionary Contribution and any terms or conditions relating to the Discretionary Contribution. Any
Discretionary Contribution credited by the Employer will be in the form of cash contributions. Discretionary Contributions for any or all Participants may be subject to a vesting schedule established by the Plan Administrator (or, with respect to
the Company’s then-current Chief Executive Officer, the full Board) and communicated to the applicable Participant, such schedules of which do not need to be the same for any two Participants. Any contributions directly credited to the
Participant’s Account pursuant to a Discretionary Contribution will be credited to each Participant’s Account at such times as determined by the Plan Administrator or the Board, as applicable. 

  
 10 

	4.5	Investment Options.  

 The Plan Administrator shall select the Investment Options
to be made available to Participants for the deemed investment of their Accounts under the Plan. The Plan Administrator may change, discontinue, or add to the Investment Options made available under the Plan at any time in its sole discretion. A
Participant must select the Investment Options for his or her Account in the Participant’s Election Form but may make changes to his or her selections at any time, including, without limitation, during a Plan Year, in accordance with procedures
established by the Plan Administrator. The Plan Administrator will also set a default Investment Option for each Plan Year that will be used for the deemed investment of any Participant’s Account where the Participant has failed to elect or
choose an Investment Option. 
  

	4.6	Accounting for Deferred Compensation. 

  

	 	(a)	Accounts. The Company may, in its sole and absolute discretion, establish and maintain an Account for each Participant under this Plan. Each Account will be adjusted at least quarterly to reflect the fair market
value of the deferrals and interest deemed credited (or debited) pursuant to the Participant’s applicable Investment Options, and any distributions that may have been made pursuant to Article V. In the sole and absolute discretion of the Plan
Administrator, more than one Account may be established for each Participant to facilitate record-keeping convenience and accuracy. Each such Account will be credited and adjusted as provided in this Plan. 

 

	 	(b)	Accounts Held in Trust. Amounts credited to Participants’ Accounts may be secured by one or more trusts, as provided in Section 7.1, but will be subject to the claims of the general creditors of each such
Participant’s Employer. Although the assets of such trust will be separate and apart from other funds of the Employer and will be used for the purposes set forth therein, neither the Participants nor their Beneficiaries will have any preferred
claim on, or any beneficial ownership in, any assets of the trust prior to the time such assets are paid to the Participants or Beneficiaries, as benefits and all rights created under this Plan will be unsecured contractual rights of Plan
Participants and Beneficiaries against the Employer. Any assets held in the trust with respect to a Participant will be subject to the claims of the general creditors of that Participant’s Employer under federal and state law in the event of
insolvency. The assets of any trust established pursuant to this Plan will never inure to the benefit of the Employer and the same will be held for the exclusive purpose of providing benefits to that Employer’s Participants and their
beneficiaries. 

  
 11 

 ARTICLE V 

VESTING AND DISTRIBUTION OF BENEFITS 
  

	5.1	Distributions Generally.  

  

	 	(a)	Time of Distribution. Subject to the six (6) month and one (1) day delay applicable to Specified Employees in Section 5.2, a Participant will receive a distribution of his or her vested Plan
Account upon a Termination of Employment. 

  

	 	(b)	Manner of Distribution. All Plan distributions shall be paid in the form of cash. 

  

	 	(c)	Taxation of Distributions. All distributions from the Plan will be taxable as ordinary income when received and subject to appropriate withholding of income taxes, as described below. 

 

	5.2	Termination Distributions to Specified Employees. In the event that a Participant is also a Specified Employee on the date of his or her Termination of Employment and a distribution of his or her Account is to
occur on account of a Termination of Employment, any such payment that would cause the acceleration of, or an addition to, any taxes pursuant to section 409A of the Code or the regulations promulgated thereunder will be delayed, unless otherwise
payable without the imposition of such penalty taxes pursuant to section 409A of the Code, for a period of six (6) months and one (1) day following such Participant’s Termination of Employment. This six (6) month and one
(1) day restriction will not apply, or will cease to apply, with respect to a distribution to a Participant’s Beneficiary by reason of the death of the Participant. 

 

	5.3	Unforeseeable Emergency. Upon application by the Participant, the Plan Administrator, in its sole and absolute discretion, may direct payment of all or a portion of the Participant’s Account balance prior to
his or her Termination of Employment in the event of an Unforeseeable Emergency. Any such application will set forth the circumstances constituting such Unforeseeable Emergency. The Plan Administrator will determine whether to grant an application
for a distribution on account of an Unforeseeable Emergency in accordance with guidance issued pursuant to section 409A of the Code. Specifically, the amount distributable on account of an Unforeseeable Emergency must be limited to the amount
reasonably necessary to satisfy the need (plus any taxes resulting from the distribution). A distribution on account of an Unforeseeable Emergency may be made only to the extent that the Participant’s need cannot be met through insurance
reimbursements, the liquidation of other assets (but only if such liquidation would not itself cause a hardship), or by cessation of deferrals under the Plan. However, the determination of an Unforeseeable Emergency is not required to take into
account additional compensation that could be paid to the Participant, but which has not actually been paid, under any other nonqualified deferred compensation plan in which the Participant participates. 

  
 12 

 A Participant who takes an Unforeseeable Emergency distribution pursuant to this Section 5.3
will have his or her deferrals under this Plan suspended for the remainder of the Plan Year in which such Unforeseeable Emergency distribution occurs. 
  

	5.4	Accelerated Vesting and Distribution of Accounts. Notwithstanding Section 5.1 above, in the event that any of the following events occur while a Participant is employed by the Employer, all vesting
restrictions on a Participant’s Accounts, if any, will lapse and the Participant will be deemed 100% vested in his or her Account. An automatic distribution of the Participant’s Account will then occur as soon as practicable, but in no
event later than the sixtieth (60th) day following the date of the event (unless otherwise subject to the Specified Employee delay period described in Section 5.2): 

 

	 	(a)	Change of Control  

  

	 	(b)	Participant’s Death or Disability. The six (6) month and one (1) day restriction on distributions to Specified Employees under Section 5.2 will not apply in the event of a Participant’s
death. 

 In the event a terminated Participant dies before receiving a full distribution of his or her Account, the remaining
Account balance will be distributed to the Participant’s Beneficiary within sixty (60) days following the date of the Participant’s death. 
  

	 	(c)	Participant’s Normal Retirement 

  

	 	(d)	Participant’s Involuntary Termination 

  

	5.5	Termination of Employment Pursuant to a Termination for Cause or Voluntary Resignation. If a Participant has a Termination of Employment pursuant to a Termination for Cause or a Voluntary Resignation, the
Participant’s Account will be considered vested only to the extent vested on the Participant’s Termination of Employment. 

  

	5.6	Potential Accelerated Distribution Events. The Plan Administrator shall have the sole discretion to accelerate the distribution of a Participant’s Account in connection with any of the following events:

  

	 	(a)	The Plan Administrator may accelerate payment of a Participant’s vested Account to the extent that (i) the aggregate amount in the Participant’s Account does not exceed the applicable dollar amount under
section 402(g)(1)(B) of the Code, (ii) the payment results in the termination of the Participant’s entire interest in the Plan and any plans that are aggregated with the Plan pursuant to Treas. Reg. Section 1.409A-1(c)(2), and
(iii) the Plan Administrator’s decision to settle the Participant’s Account is evidenced in writing no later than the date of payment. 

  
 13 

	 	(b)	The Plan Administrator may accelerate payment of all or a portion of a Participant’s vested Account (i) to pay the Federal Insurance Contributions Act (“FICA”) tax imposed under
sections 3010, 3121(a) and 3121(v)(2) of the Code (the “FICA Amount”), or (ii) to pay the income tax at source on wages imposed under section 3401 of the Code or the corresponding withholding provisions of applicable
state, local or foreign tax laws as a result of the payment of the FICA Amount and the additional income tax at source on wages attributable to the pyramiding section 3401 of the Code wages and taxes; provided, however, that the total payment under
this Section 5.6(b) shall not exceed the FICA Amount and the income tax withholding related to the FICA Amount. 

  

	 	(c)	The Plan Administrator may accelerate payment of all or a portion of a Participant’s vested Account to the extent that the Plan fails to meet the requirements of section 409A of the Code; provided that, the amount
accelerated shall not exceed the amount required to be included in income as a result of the failure to comply with section 409A of the Code. 

  

	 	(d)	The Plan Administrator may accelerate payment of all or a portion of a Participant’s vested Account where the payment is part of a settlement between the Company or an Affiliate and the Participant of an arm’s
length, bona fide dispute as to the Participant’s right to the deferred amount. 

  

	5.7	Potential Delay for Section 162(m) of the Code. If the Plan Administrator reasonably anticipates that if a payment were made as scheduled under the Plan it would result in a loss of the Company’s tax
deduction due to the application of section 162(m) of the Code, such payment can be delayed and paid (a) during the Participant’s first taxable year in which the Plan Administrator reasonably anticipates that the Company’s tax
deduction will not be limited or eliminated by the application of section 162(m) of the Code or (b) subject to Section 5.2, during the period beginning with the Participant’s Termination of Employment and ending on the later of the
last day of the Company’s taxable year in which the Participant separates from service or the fifteenth (15th) day of the third month following the Participant’s Termination of
Employment. Notwithstanding the foregoing, no payment under the Plan may be deferred in accordance with this Section 5.7 unless all scheduled payments to the Participant that could be delayed in accordance with Treas. Reg.
Section 1.409A-2(b)(7)(i) are also delayed. 

  

	5.8	Withholding. Any taxes or other legally required withholdings any distributions to Participants or Beneficiaries under the Plan will be deducted and withheld by the Employer, benefit provider or funding agent as
required pursuant to applicable law. A Participant or Beneficiary will be provided with a tax withholding election form for purposes of federal and state tax withholding, if applicable. 

 

	5.9	Impact of Reemployment on Benefits. If a Participant incurs a Termination of Employment and is scheduled to receive payments from the Plan and such Participant is reemployed by the Employer, then such
Participant’s payments will commence as scheduled during the period of his or her reemployment. A Participant will not automatically be eligible to participate in the Plan upon his or her reemployment, such eligibility to be determined at the
discretion of the Plan Administrator. 

  
 14 

 ARTICLE VI 

PAYMENT LIMITATIONS 
  

	6.1	Spousal Claims. 

  

	 	(a)	In the event that an Alternate Payee is entitled to all or a portion of a Participant’s Accounts pursuant to the terms of a DRO, such Alternate Payee will have the following distribution rights with respect to such
Participant’s Account to the extent set forth pursuant to the terms of the DRO: 

  

	 	(i)	payment of benefits in a lump sum in cash as soon as practicable following the acceptance of the DRO by the Plan Administrator; 

  

	 	(ii)	payment of benefits in a lump sum in cash in the first January following, or in the second January following, but not later than the second January following, the acceptance of the DRO by the Plan Administrator;

  

	 	(iii)	payment of benefits in substantially equal annual or monthly installments over a period of not less than one (1) nor more than five (5) years from the date the DRO is accepted by the Plan Administrator, but
only if the Alternate Payee has an Account balance in excess of one hundred thousand dollars ($100,000); 

 Installments will
be made on a monthly or annual basis, as determined above. 
 An Alternate Payee with respect to a DRO that provides for any of the
distributions described in subsections (ii) or (iii) above, must complete and deliver to the Plan Administrator all required forms within thirty (30) days from the date the Alternate Payee is notified by the Plan Administrator that
the DRO has been accepted. Any Alternate Payee who does not complete and deliver to the Plan Administrator all required forms and/or whose DRO does not provide for any of the distributions described in subsections (ii) or (iii) above will
receive his or her benefits in a lump sum according to subsection (i) above. 
  

	 	(b)	Any taxes or other legally required withholdings from payments to such Alternate Payee will be deducted and withheld by the Employer, benefit provider or funding agent. The Alternate Payee will be provided with a tax
withholding election form for purposes of federal and state tax withholding, if applicable. 

  

	 	(c)	The Plan Administrator will have sole and absolute discretion to determine whether a judgment, decree or order is a DRO, to determine whether a DRO will be accepted for purposes of this Section 6.1 and to make
interpretations under this Section 6.1, including determining who is to receive benefits, all calculations of benefits and determinations of the form of such benefits, and the amount of taxes to be withheld. The decisions of the Plan
Administrator will be binding on all parties with an interest. 

  
 15 

	 	(d)	Any benefits payable to an Alternate Payee pursuant to the terms of a DRO will be subject to all provisions and restrictions of the Plan and any dispute regarding such benefits will be resolved pursuant to the Plan
claims procedure in Article VIII. 

  

	6.2	Legal Disability. If a person entitled to any payment under this Plan is, in the sole judgment of the Plan Administrator, under a legal disability, or otherwise is unable to apply such payment to his or her own
interest and advantage, the Plan Administrator, in the exercise of its discretion, may direct the Employer or payor of the benefit to make any such payment in any one or more of the following ways: 

 

	 	(a)	Directly to such person; 

  

	 	(b)	To his or her legal guardian or conservator; or 

  

	 	(c)	To his or her spouse or to any person charged with the duty of his or her support, to be expended for his or her benefit and/or that of his or her dependents. 

The decision of the Plan Administrator will in each case be final and binding upon all persons in interest, unless the Plan Administrator
reverses its decision due to changed circumstances. 
  

	6.3	Assignment. Except as provided in Section 6.1, no Participant or Beneficiary will have any right to assign, pledge, transfer, convey, hypothecate, anticipate or in any way create a lien on any amounts
payable under this Plan. No amounts payable under this Plan will be subject to assignment or transfer or otherwise be alienable, either by voluntary or involuntary act, or by operation of law, or subject to attachment, execution, garnishment,
sequestration or other seizure under any legal, equitable or other process, or be liable in any way for the debts or defaults of Participants and their Beneficiaries. 

ARTICLE VII 
 FUNDING

  

	7.1	Funding. Benefits under this Plan will be funded solely by the Employer. Benefits under this Plan will constitute an unfunded general obligation of the Employer, but the Employer may create reserves, funds and/or
provide for amounts to be held in trust to fund such benefits on its behalf. Payment of benefits may be made by the Employer, any trust established by the Employer or through a service or benefit provider to the Employer or such trust.

  
 16 

	7.2	Creditor Status. Participants and their Beneficiaries will be general unsecured creditors of their respective Employer with respect to the payment of any benefit under this Plan, unless such benefits are provided
under a contract of insurance or an annuity contract that has been delivered to Participants, in which case Participants and their Beneficiaries will look to the insurance carrier or annuity provider for payment, and not to the Employer. The
Employer’s obligation for such benefit will be discharged by the purchase and delivery of such annuity or insurance contract. 

ARTICLE VIII 

ADMINISTRATION 
  

	8.1	The Board. The overall administration of the Plan will be the responsibility of the Board, or any entity, committee or individual(s) the Board may delegate the responsibility of administering the Plan.

  

	8.2	Powers of Board. The Board will have sole and absolute discretion regarding the exercise of its powers and duties under this Plan. In order to effectuate the purposes of the Plan, the Board will have the
following powers and duties: 

  

	 	(a)	To appoint a Plan Administrator. 

  

	 	(b)	To review and render decisions respecting a denial of a claim for benefits under the Plan; 

  

	 	(c)	To construe the Plan and to make equitable adjustments for any mistakes or errors made in the administration of the Plan; and 

  

	 	(d)	To determine and resolve, in its sole and absolute discretion, all questions relating to the administration of the Plan and any trust established to secure the assets of the Plan (i) when differences of opinion
arise between the Company, an Affiliate, the Plan Administrator, the Trustee, a Participant, or any of them, and (ii) whenever it is deemed advisable to determine such questions in order to promote the uniform and nondiscriminatory
administration of the Plan for the greatest benefit of all parties concerned. 

 The foregoing list of express powers is not
intended to be either complete or conclusive, and the Board will, in addition, have such powers as it may reasonably determine to be necessary or appropriate in the performance of its powers and duties under the Plan. 

 

	8.3	Appointment of Plan Administrator. The Board will initially appoint the Compensation Committee to act as the Plan Administrator. The Plan Administrator will have the responsibility and duty to administer the Plan
on a daily basis. The Board may delegate all or some of its powers under the Plan to the Plan Administrator. The Board may remove the Plan Administrator with or without cause at any time. The Plan Administrator may resign upon written notice to the
Board. 

  
 17 

	8.4	Duties of Plan Administrator. The Plan Administrator will have sole and absolute discretion regarding the exercise of its powers and duties under this Plan. The Plan Administrator will have the following powers
and duties: 

  

	 	(a)	To direct the administration of the Plan in accordance with the provisions herein set forth; 

  

	 	(b)	To adopt rules of procedure and regulations necessary for the administration of the Plan, provided such rules are not inconsistent with the terms of the Plan; 

 

	 	(c)	To determine all questions with regard to rights of Employees, Participants, and Beneficiaries under the Plan including, but not limited to, questions involving eligibility of an Employee to participate in the Plan and
the value of a Participant’s Accounts; 

  

	 	(d)	To enforce the terms of the Plan and any rules and regulations adopted by the Board; 

  

	 	(e)	To review and render decisions respecting a claim for a benefit under the Plan; 

  

	 	(f)	To furnish the Employer with information that the Employer may require for tax or other purposes; 

  

	 	(g)	To engage the service of counsel (who may, if appropriate, be counsel for the Employer), actuaries, and agents whom it may deem advisable to assist it with the performance of its duties; 

 

	 	(h)	To prescribe procedures to be followed by Participants in obtaining benefits; 

  

	 	(i)	To receive from the Employer and from Participants such information as is necessary for the proper administration of the Plan; 

  

	 	(j)	To establish and maintain, or cause to be maintained, the individual Accounts described in Article IV; 

  

	 	(k)	To create and maintain such records and forms as are required for the efficient administration of the Plan; 

  

	 	(l)	To make all determinations and computations concerning the benefits, credits and debits to which any Participant, or other Beneficiary, is entitled under the Plan; 

 

	 	(m)	To give the Trustee of any trust established to serve as a source of funds under the Plan specific directions in writing with respect to: 

 

	 	(i)	making distribution payments, giving the names of the payees, specifying the amounts to be paid and the time or times when payments will be made; and 

  
 18 

	 	(ii)	making any other payments which the Trustee is not by the terms of the trust agreement authorized to make without a direction in writing by the Plan Administrator; 

 

	 	(n)	To comply with all applicable lawful reporting and disclosure requirements of ERISA; 

  

	 	(o)	To comply (or transfer responsibility for compliance to the Trustee) with all applicable federal income tax withholding requirements for benefit distributions; and 

 

	 	(p)	To construe the Plan, in its sole and absolute discretion, and make equitable adjustments for any errors made in the administration of the Plan. 

The foregoing list of express duties is not intended to be either complete or conclusive, and the Plan Administrator will, in addition,
exercise such other powers and perform such other duties as it may deem necessary, desirable, advisable or proper for the supervision and administration of the Plan. 
  

	8.5	Indemnification of Board and Plan Administrator. To the extent not covered by insurance, or if there is a failure to provide full insurance coverage for any reason, and to the extent permissible under corporate
by-laws and other applicable laws and regulations, the Employer agrees to hold harmless and indemnify the Board and Plan Administrator against any and all claims and causes of action by or on behalf of any and all parties whomsoever, and all losses
therefrom, including, without limitation, costs of defense and reasonable attorneys’ fees, based upon or arising out of any act or omission relating to or in connection with the Plan other than losses resulting from the Board’s, or any
such person’s commission of fraud or willful misconduct. 

  

	8.6	Claims for Benefits.  

  

	 	(a)	Initial Claim. In the event that an Employee, Eligible Person, Participant or his or her Beneficiary claims to be eligible for benefits, or claims any rights under this Plan, such
“Claimant” must complete and submit such claim forms and supporting documentation as will be required by the Plan Administrator, in its sole and absolute discretion. Likewise, any Claimant who feels unfairly treated as a
result of the administration of the Plan, must file a written claim, setting forth the basis of the claim, with the Plan Administrator. In connection with the determination of a claim, or in connection with review of a denied claim, the claimant may
examine this Plan, and any other pertinent documents generally available to Participants that are specifically related to the claim. 

  

	 	(b)	 Claim Decision. The Claimant shall be notified within ninety (90) days after the claim is filed whether the claim is approved or denied,
unless the Plan Administrator determines that special circumstances beyond the control of the Plan require an extension of time, in which case the Plan Administrator may have 

  
 19 

	 	
up to an additional ninety (90) days to process the claim. If the Plan Administrator determines that an extension of time for processing is required, the Plan Administrator shall furnish
written or electronic notice of the extension to the Claimant before the end of the initial ninety (90) day period. Any notice of extension shall describe the special circumstances necessitating the additional time and the date by which the
Plan Administrator expects to render its decision. 

  

	 	(c)	Notice of Denial. If the Plan Administrator denies the claim, it must provide to the Claimant, in writing or by electronic communication, a notice which includes: 

 

	 	(i)	The specific reason(s) for the denial; 

  

	 	(ii)	Specific reference to the pertinent Plan provisions on which such denial is based; 

  

	 	(iii)	A description of any additional material or information necessary for the Claimant to perfect his or her claim and an explanation of why such material or information is necessary; 

 

	 	(iv)	A description of the Plan’s appeal procedures and the time limits applicable to such procedures, including a statement of the Claimant’s right to bring a civil action under section 502(a) of ERISA following a
denial of the claim on appeal; and 

  

	 	(v)	If an internal rule was relied on to make the decision, either a copy of the internal rule or a statement that this information is available at no charge upon request. 

 

	 	(d)	Appeal Procedures. A request for appeal of a denied claim must be made in writing to the Plan Administrator within sixty (60) days after receiving notice of denial. The decision on appeal will be made within
sixty (60) days after the Plan Administrator’s receipt of a request for appeal, unless special circumstances require an extension of time for processing, in which case a decision will be rendered not later than 120 days after receipt of a
request for appeal. A notice of such an extension must be provided to the Claimant within the initial sixty (60) day period and must explain the special circumstances and provide an expected date of decision. The reviewer shall afford the
Claimant an opportunity to review and receive, without charge, all relevant documents, information and records and to submit issues and comments in writing to the Plan Administrator. The reviewer shall take into account all comments, documents,
records and other information submitted by the Claimant relating to the claim regardless of whether the information was submitted or considered in the initial benefit determination. 

 

	 	(e)	Notice of Decision on Appeal. If the Plan Administrator denies the appeal, it must provide to the Claimant, in writing or by electronic communication, a notice which includes: 

  
 20 

	 	(i)	The specific reason(s) for the denial; 

  

	 	(ii)	Specific references to the pertinent Plan provisions on which such denial is based; 

  

	 	(iii)	A statement that the Claimant may receive on request all relevant records at no charge; 

  

	 	(iv)	A description of the Plan’s voluntary procedures and deadlines, if any; 

  

	 	(v)	A statement of the Claimant’s right to sue under Section 502(a) of ERISA; and 

  

	 	(vi)	If an internal rule was relied on to make the decision, either a copy of the internal rule or a statement that this information is available at no charge upon request. 

 

	 	(f)	Claims Procedures Mandatory. The internal claims procedures set forth in this Section 8.6 are mandatory. If a Claimant fails to follow these claims procedures, or to timely file a request for appeal in
accordance with this Section 8.6, the denial of the Claim shall become final and binding on all persons for all purposes. 

  

	8.7	Receipt and Release of Necessary Information. In implementing the terms of this Plan, the Plan Administrator may, without the consent of or notice to any person, release to or obtain from any other insuring
entity or other organization or person any information, with respect to any person, which the Plan Administrator deems to be necessary for such purposes. Any Participant or Beneficiary claiming benefits under this Plan will furnish to the Plan
Administrator such information as may be necessary to determine eligibility for and amount of benefit, as a condition of claiming and receiving such benefit. 

  

	8.8	Overpayment and Underpayment of Benefits. The Plan Administrator may adopt, in its sole and absolute discretion, whatever rules, procedures and accounting practices are appropriate in providing for the collection
of any overpayment of benefits. If a Participant or Beneficiary receives an underpayment of benefits, the Plan Administrator will direct that payment be made as soon as practicable to make up for the underpayment. If an overpayment is made to a
Participant or Beneficiary, for whatever reason, the Plan Administrator may, in its sole and absolute discretion, withhold payment of any further benefits under the Plan until the overpayment has been collected or may require repayment of benefits
paid under this Plan without regard to further benefits to which the Participant or Beneficiary may be entitled. 

  
 21 

 ARTICLE IX 

OTHER BENEFIT PLANS OF THE COMPANY 
  

	9.1	Other Plans. Nothing contained in this Plan will prevent a Participant prior to his or her death, or a Participant’s spouse or other Beneficiary after such Participant’s death, from receiving, in
addition to any payments provided for under this Plan, any payments provided for under any other plan or benefit program of the Employer, or which would otherwise be payable or distributable to him or her, a surviving spouse or Beneficiary under any
plan or policy of the Employer or otherwise. Nothing in this Plan will be construed as preventing the Company or any of its Affiliates from establishing any other or different plans providing for current or deferred compensation for Employees and/or
Directors. Unless otherwise specifically provided in any plan of the Company intended to “qualify” under section 401 of the Code, Compensation deferrals made under this Plan will constitute earnings or compensation for purposes of
determining contributions or benefits under such qualified plan. 

 ARTICLE X 

AMENDMENT AND TERMINATION OF THE PLAN 
  

	10.1	Continuation. The Company intends to continue this Plan indefinitely, but nevertheless assumes no contractual obligation beyond the promise to pay the benefits described in this Plan. 

 

	10.2	Amendment of Plan. The Company, through an action of the Board, reserves the right in its sole and absolute discretion to amend this Plan in any respect at any time. No amendment may adversely impact the amount
of benefits a Participant has accrued under the Plan at such time except to the extent required by applicable law. 

  

	10.3	Termination of Plan. The Company, through an action of the Board, may terminate or suspend this Plan in whole or in part at any time, provided that no such termination or suspension will deprive a Participant, or
person claiming benefits under this Plan through a Participant, of any amount credited to his or her Accounts under this Plan up to the date of suspension or termination, except as required by applicable law and pursuant to the valuation of such
Accounts pursuant to Article IV. Notwithstanding any provision of this Plan to the contrary, upon the complete termination of the Plan, the Board, in its sole and absolute discretion, may direct that the Plan Administrator treat each Participant as
having incurred a Termination of Employment and to commence the distribution of each such Participant’s Account to the Participant or the Participant’s Beneficiary to the extent that the commencement of such distribution will not violate
section 409A of the Code. 

 The Plan may be terminated and liquidated under the following circumstances: 

 

	 	(a)	 Corporate Dissolution or Bankruptcy. The Board may terminate and liquidate the Plan within twelve (12) months of a corporate dissolution
taxed under section 331 of the Code or with the approval of a bankruptcy court pursuant to 11 U.S.C. § 503(b)(1)(A), provided that the amounts deferred under the Plan are included in

  
 22 

	 	
Participants’ gross incomes in the latest of the following years (or if earlier, the taxable year in which the amount is actually or constructively received): 

 

	 	(i)	The calendar year in which the Plan termination and liquidation occurs. 

  

	 	(ii)	The first calendar year in which the amount is no longer subject to a substantial risk of forfeiture. 

  

	 	(iii)	The first calendar year in which the payment is administratively practicable. 

  

	 	(b)	Change in Control. The Board may terminate and liquidate the Plan within the thirty (30) days preceding or the twelve (12) months following a change in control event, as defined in Treasury Regulation
§ 1.409A-3(i)(5), provided that all plans or arrangements that would be aggregated with the Plan under section 409A of the Code are also terminated and liquidated with respect to each Participant that experienced the change in control event so
that under the terms of the Plan and all such arrangements the Participant is required to receive all amounts of compensation deferred under such arrangements within twelve (12) months of the termination of the Plan or arrangement, as
applicable. In the case of a change of control event which constitutes a sale of assets, the termination of the Plan pursuant to this Section 10.3(b) may be made with respect to the Employer that is primarily liable immediately after the change
of control transaction for the payment of benefits under the Plan. 

  

	 	(c)	Termination of Plan. The Board may terminate and liquidate the Plan provided that (i) the termination and liquidation does not occur by reason of a downturn of the financial health of the Company or an
Employer, (ii) all plans or arrangements that would be aggregated with the Plan under section 409A of the Code are also terminated and liquidated, (iii) no payments in liquidation of the Plan are made within twelve (12) months of the
date of termination of the Plan other than payments that would be made in the ordinary course operation of the Plan, (iv) all payments are made within twenty-four (24) months of the date the Plan is terminated and (v) the Company or
the Employer, as applicable depending on whether the Plan is terminated with respect to such entity, do not adopt a new plan that would be aggregated with the Plan within three (3) years of the date of the termination of the Plan.

  

	10.4	Termination of Affiliate’s Participation. An Affiliate may terminate its participation in the Plan at any time by an action of its governing body and providing written notice to the Company. Likewise, the
Company may terminate an Affiliate’s participation in the Plan at any time by an action of the Board and providing written notice to the Affiliate. The effective date of any such termination will be the later of the date specified in the notice
of the termination of participation or the date on which the Plan Administrator can administratively implement such termination. In the event that an Affiliate’s participation in the Plan is terminated, each Participant employed by such
Affiliate will continue to participate in the Plan as an Inactive Participant and will be entitled to a distribution of his or her entire Account upon his or her Termination of Employment. 

  
 23 

 ARTICLE XI 

MISCELLANEOUS 
  

	11.1	No Reduction of Employer Rights. Nothing contained in this Plan will be construed as a contract of employment between the Employer and an Employee, or as a right of any Employee to continue in the employment of
the Employer, or as a limitation of the right of the Employer to discharge any of its Employees, with or without cause or as a right of any Director to be renominated to serve as a Director. 

 

	11.2	Provisions Binding. All of the provisions of this Plan will be binding upon all persons who will be entitled to any benefit hereunder, their heirs and personal representatives. 

IN WITNESS WHEREOF, this Plan has been executed on this 26th day of September, 2013. 

 

							
		 		 	CONTINENTAL RESOURCES, INC.
		 		 	(Registrant)
				
		 		 	By:	 	 /s/ John D. Hart

		 		 		 	John D. Hart
		 		 		 	 Senior Vice President, Chief Financial Officer and

Treasurer

  
 24

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00221-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00221-of-00352.parquet"}]]