Document:

EX-10.34

 Exhibit 10.34 
 FORM OF AWARD AGREEMENT 
 FOR RESTRICTED STOCK UNITS 

FOR DIRECTORS 
 UNDER THE MSCI INC. INDEPENDENT DIRECTORS’ EQUITY COMPENSATION PLAN 

MSCI Inc. (together with all of its Subsidiaries, the “Company”) hereby grants to you Restricted Stock Units
(“RSUs”) as described below. The awards are being granted under the MSCI Inc. Independent Directors’ Equity Compensation Plan (the “Plan”). 

Participant: 
  

			
	 Number of RSUs Granted:
	 	RSUs
		
	 Grant Date:
	 	(the “Grant Date”)
		
	 Vesting Schedule:
	 	(the “Scheduled Vesting Date”).

 Provided you continue to provide services to the Company through the Scheduled Vesting Date, the RSUs
will vest and convert as provided above and as further described in Exhibit A. Your RSUs may be subject to forfeiture if you terminate service with the Company before the Scheduled Vesting Date, as set forth in the Plan and this Restricted Stock
Unit Award Agreement (including Exhibit A hereto, the “Award Agreement”). 
 You agree that this Award
Agreement is granted under and governed by the terms and conditions of the Plan and Exhibit A. Unless defined in this Award Agreement, capitalized terms shall have the meanings ascribed to them in the Plan. 

IN WITNESS WHEREOF, MSCI has duly executed and delivered this Award Agreement as of the Grant Date. 

 

			
	 MSCI INC.

		
		 	
	Name: 	 	 
	 Title:
	 	
		 	

 Attachments:         Exhibit A (Terms and Conditions of the Award)

 EXHIBIT A 
 TERMS AND CONDITIONS 
 OF THE RESTRICTED STOCK UNIT AWARD AGREEMENT

 TABLE OF CONTENTS 
  

 

							
	 	  	 	  	PAGE	 
			
	SECTION 1.	  	RSUs Generally.	  	 	1	  
			
	SECTION 2.	  	Vesting Schedule and Conversion.	  	 	2	  
			
	SECTION 3.	  	Dividend Equivalent Payments.	  	 	2	  
			
	SECTION 4.	  	Death and Disability.	  	 	3	  
			
	SECTION 5.	  	Change in Control.	  	 	3	  
			
	SECTION 6.	  	Termination of Service and Cancellation of Awards.	  	 	3	  
			
	SECTION 7.	  	Nontransferability.	  	 	3	  
			
	SECTION 8.	  	Designation of a Beneficiary.	  	 	4	  
			
	SECTION 9.	  	Ownership and Possession.	  	 	4	  
			
	SECTION 10.	  	Securities Law Compliance Matters.	  	 	4	  
			
	SECTION 11.	  	Compliance with Laws and Regulations.	  	 	4	  
			
	SECTION 12.	  	Consents under Local Law.	  	 	5	  
			
	SECTION 13.	  	Award Modification.	  	 	5	  
			
	SECTION 14.	  	Severability.	  	 	6	  
			
	SECTION 15.	  	Governing Law.	  	 	6	  
			
	SECTION 16.	  	Rule of Construction for Timing of Conversion.	  	 	6	  
			
	SECTION 17.	  	Defined Terms.	  	 	6	  

 SECTION 1. RSUs Generally.  

MSCI has awarded you RSUs as an incentive for you to continue to provide services as a Director to MSCI and to, among other things, align
your interests with those of the Company and to reward you for your continued service as a Director of MSCI in the future. As such, you will earn your RSU award only if you remain in continuous service as a Director of MSCI through the Scheduled
Vesting Date. 
 Each of your RSUs corresponds to one share of MSCI common stock. Except as otherwise provided in
Section 13, a RSU constitutes a contingent and unsecured promise by MSCI to pay you one share of MSCI common stock on the conversion date for the RSU. As the holder of RSUs, you have only the rights of a general unsecured creditor of MSCI. You
will not be a stockholder with respect to the shares of MSCI common stock underlying your RSUs unless and until your RSUs convert to shares. 

 Section 409A of the Code imposes rules relating to the taxation of deferred
compensation, including your RSU award. The Company reserves the right to modify the terms of your RSU award, including, without limitation, the payment provisions applicable to your RSUs, to the extent necessary or advisable to comply with
Section 409A of the Code. 
 SECTION 2. Vesting Schedule and Conversion.  

(a) Vesting Schedule. Your RSUs will vest according to the following schedule: 100% of your RSUs will vest on the Scheduled
Vesting Date. Except as otherwise provided in this Award Agreement, each portion of your RSUs will vest only if you continue to provide future services to the Company by remaining in continuous service as a Director of the Company through the
Scheduled Vesting Date. The special vesting terms set forth in Sections 4 and 5 of this Award Agreement apply (i) if your service as a Director of the Company terminates by reason of your death or Disability or (ii) upon a Change in
Control. 
 (b) Conversion. 
 (i) Except as otherwise provided in this Award Agreement or pursuant to any election form submitted in connection with the MSCI Inc. Independent Directors Deferral Plan (as such Plan may be amended from
time to time, the “Deferral Plan”), each of your vested RSUs will convert to one share of MSCI common stock within 30 days following the Scheduled Vesting Date. 

(ii) Shares to which you are entitled upon conversion of RSUs under any provision of this Award Agreement shall not be
subject to any transfer restrictions, other than those that may arise under the securities laws or the Company’s policies. 

SECTION 3. Dividend Equivalent Payments.  
 Until your RSUs convert to shares, if and when MSCI pays a regular or ordinary cash dividend on its common stock, you will be paid a dividend equivalent in the same amount as the dividend you would have
received if you held shares for your RSUs. No dividend equivalents will be paid to you with respect to any canceled or forfeited RSUs. 
 MSCI will decide on the form of payment and may pay dividend equivalents in shares of MSCI common stock, in cash or in a combination thereof. MSCI will pay the dividend equivalent when it pays the
corresponding dividend on its common stock. 
 Because dividend equivalent payments are considered part of your compensation for
income tax purposes, they will be subject to applicable tax obligations. 

  
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 SECTION 4. Death and Disability.  

The following special vesting and payment terms apply to your RSUs: 

(a) Death. If your service as a Director of the Company terminates due to death, all of your unvested RSUs will immediately vest.
Your RSUs will convert into shares of MSCI common stock upon your death; provided that MSCI has knowledge of your death within 30 days following your death. Such shares will be delivered to the beneficiary you have designated pursuant to
Section 8 or the legal representative of your estate, as applicable. 
 (b) Disability. If your service as a
Director of the Company terminates due to Disability, all of your unvested RSUs will immediately vest. All of your RSUs will convert into shares of MSCI common stock on the date your service as a Director of the Company terminates or within 30 days
thereafter. 
 SECTION 5. Change in Control.  

In the event of a Change in Control, all of your RSUs will immediately vest and convert into shares of MSCI common stock effective on the
date of such Change in Control. 
 SECTION 6. Termination of Service and Cancellation of Awards.  

Unless otherwise determined by the Board, your unvested RSUs will be canceled and forfeited in full if your service as a Director of the
Company terminates prior to the Scheduled Vesting Date for any reason other than under the circumstances set forth in this Award Agreement for death or Disability. 
 SECTION 7. Nontransferability.  
 You may not sell, pledge,
hypothecate, assign or otherwise transfer your RSUs, other than as provided in Section 8 (which allows you to designate a beneficiary or beneficiaries in the event of your death) or by will or the laws of descent and distribution or otherwise
as provided for by the Board. This prohibition includes any assignment or other transfer that purports to occur by operation of law or otherwise. During your lifetime, payments relating to the RSUs will be made only to you. 

Your personal representatives, heirs, legatees, beneficiaries, successors and assigns, and those of MSCI, shall all be bound by, and
shall benefit from, the terms and conditions of your award. 

  
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 SECTION 8. Designation of a Beneficiary.  

You may make a written designation of beneficiary or beneficiaries to receive all or part of the shares to be paid under this Award
Agreement in the event of your death. To make a beneficiary designation, you must complete and file the form attached hereto as Appendix A with MSCI’s Human Resources Department. 

Any shares that become payable upon your death, and as to which a designation of beneficiary is not in effect, will be distributed to
your estate. 
 You may replace or revoke your beneficiary designation at any time. If there is any question as to the legal
right of any beneficiary to receive shares under this Award Agreement, MSCI may determine in its sole discretion to deliver the shares in question to your estate. MSCI’s determination shall be binding and conclusive on all persons and it will
have no further liability to anyone with respect to such shares. 
 SECTION 9. Ownership and Possession. 

 (a) Generally. Generally, you will not have any rights as a stockholder in the shares of MSCI common stock
corresponding to your RSUs prior to conversion of your RSUs. 
 Prior to conversion of your RSUs, however, you will receive
dividend equivalent payments, as set forth in Section 3 of this Award Agreement. 
 (b) Following Conversion.
Following conversion of your RSUs you will be the beneficial owner of the net shares issued to you, and you will be entitled to all rights of ownership, including voting rights and the right to receive cash or stock dividends or other distributions
paid on the shares. 
 SECTION 10. Securities Law Compliance Matters.  

MSCI may, if it determines it is appropriate, affix any legend to the stock certificates representing shares of MSCI common stock issued
upon conversion of your RSUs and any stock certificates that may subsequently be issued in substitution for the original certificates. MSCI may advise the transfer agent to place a stop order against such shares if it determines that such an order
is necessary or advisable. 
 SECTION 11. Compliance with Laws and Regulations.  

Any sale, assignment, transfer, pledge, mortgage, encumbrance or other disposition of shares issued upon conversion of your RSUs (whether
directly or 

  
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indirectly, whether or not for value, and whether or not voluntary) must be made in compliance with any applicable constitution, rule, regulation, or policy of any of the exchanges or
associations or other institutions with which MSCI has membership or other privileges, and any applicable law, or applicable rule or regulation of any governmental agency, self-regulatory organization or state or federal regulatory body. 

SECTION 12. Consents under Local Law.  
 Your award is conditioned upon the making of all filings and the receipt of all consents or authorizations required to comply with, or required to be obtained under, applicable local law. 

SECTION 13. Award Modification and 409A 

(a) MSCI reserves the right to modify or amend unilaterally the terms and conditions of your RSUs, without first asking
your consent, or to waive any terms and conditions that operate in favor of MSCI. These amendments may include (but are not limited to) changes that MSCI considers necessary or advisable as a result of changes in any, or the adoption of any new,
Legal Requirement. MSCI may not modify your RSUs in a manner that would materially impair your rights in your RSUs without your consent; provided, however, that MSCI may, without your consent, amend or modify your RSUs in any manner that MSCI
considers necessary or advisable to comply with any Legal Requirement or to ensure that your RSUs are not subject to United States federal, state or local income tax or any equivalent taxes in territories outside the United States prior to payment.
MSCI will notify you of any amendment of your RSUs that affects your rights. Any amendment or waiver of a provision of this Award Agreement (other than any amendment or waiver applicable to all recipients generally), which amendment or waiver
operates in your favor or confers a benefit on you, must be in writing and signed by the Global Head of Human Resources, the Chief Administrative Officer, the Chief Financial Officer or the General Counsel (or if such positions no longer exist, by
the holders of equivalent positions) to be effective. 
 (b) You understand and agree that all payments made
pursuant to this Award Agreement will comply with Section 409A of the Code and any regulations and guidelines issued thereunder to the extent subject thereto, and shall be interpreted on a basis consistent with such intent. Notwithstanding the
other provisions of this Award Agreement, to the extent necessary to comply with Section 409A of the Code, if MSCI considers you to be one of its “specified employees” at the time of your “separation from service” (as such
terms are defined in the Code) from the Company, no conversion specified hereunder shall occur prior to your death or the expiration of the six-month period measured from the date of your separation from service from the

  
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Company (such period, the “Delay Period”). Any conversion of RSUs into shares that would have occurred during the Delay Period but for the fact that you are deemed to be a
specified employee shall be satisfied either by (i) conversion of such RSUs into shares on the first business day following the Delay Period or (ii) a cash payment on the first business day following the Delay Period equal to the value of
such RSUs on the scheduled conversion date (based on the value of the Stock on such date) plus accrued interest as determined by MSCI. 
 SECTION 14. Severability.  
 In the event MSCI determines that any
provision of this Award Agreement would cause you to be in constructive receipt for United States federal or state income tax purposes of any portion of your award, then such provision will be considered null and void and this Award Agreement will
be construed and enforced as if the provision had not been included in this Award Agreement as of the date such provision was determined to cause you to be in constructive receipt of any portion of your award. 

SECTION 15. Governing Law.  
 This Award Agreement and the related legal relations between you and MSCI will be governed by and construed in accordance with the laws of the State of New York, without regard to any conflicts or choice
of law, rule or principle that might otherwise refer the interpretation of the award to the substantive law of another jurisdiction. 
 SECTION 16. Rule of Construction for Timing of Conversion. 
 With respect to
each provision of this Award Agreement that provides for your RSUs to convert to shares on the Scheduled Vesting Date or upon a different specified event or date, such conversion will be considered to have been timely made, and neither you nor any
of your beneficiaries or your estate shall have any claim against the Company for damages based on a delay in payment, and the Company shall have no liability to you (or to any of your beneficiaries or your estate) in respect of any such delay, as
long as payment is made by December 31 of the year in which the Scheduled Vesting Date or such other specified event or date occurs, or if later, by the 15th day of the third calendar month following such specified event or date. 

SECTION 17. Defined Terms.  
 For purposes of this Award Agreement, the following terms shall have the meanings set forth below: 
 (a) “Board” means the Board of Directors of MSCI. 

  
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 (b) A “Change in Control” shall be deemed to have occurred if any of the
following conditions shall have been satisfied: 
 (a) any one person or more than one person acting as a group
(as determined under Section 409A), other than (A) any employee plan established by MSCI or any of its Subsidiaries, (B) MSCI or any of its affiliates (as defined in Rule 12b-2 promulgated under the Exchange Act), (C) an
underwriter temporarily holding securities pursuant to an offering of such securities, or (D) a corporation owned, directly or indirectly, by stockholders of MSCI in substantially the same proportions as their ownership of MSCI, is or becomes,
during any 12-month period, the beneficial owner, directly or indirectly, of securities of MSCI (not including in the securities beneficially owned by such person(s) any securities acquired directly from MSCI or its affiliates other than in
connection with the acquisition by MSCI or its affiliates of a business) representing 30% or more of the total voting power of the stock of MSCI; provided, however, that the provisions of this subsection (a) are not intended to apply to
or include as a Change in Control any transaction that is specifically excepted from the definition of Change in Control under subsection (c) below; 
 (b) a change in the composition of the Board such that, during any 12-month period, the individuals who, as of the beginning of such period, constitute the Board (the “Existing Board”)
cease for any reason to constitute at least 50% of the Board; (b); provided, however, that any individual becoming a member of the Board subsequent to the beginning of such period whose election, or nomination for election by MSCI’s
stockholders, was approved by a vote of at least a majority of the directors immediately prior to the date of such appointment or election shall be considered as though such individual were a member of the Existing Board; and provided, further,
however, that, notwithstanding the foregoing, no individual whose initial assumption of office occurs as a result of either an actual or threatened election contest (as such terms are used in Rule 14a-11 or Regulation 14A promulgated under the
Exchange Act or successor statutes or rules containing analogous concepts) or other actual or threatened solicitation of proxies or consents by or on behalf of an individual, corporation, partnership, group, associate or other entity or
“person” other than the Board, shall in any event be considered to be a member of the Existing Board; 

(c) the consummation of a merger or consolidation of the Company with any other corporation or other entity, or the
issuance of voting securities in connection with a merger or consolidation of the Company (or any direct or indirect subsidiary of MSCI) pursuant to applicable stock exchange requirements; provided that immediately

  
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following such merger or consolidation the voting securities of MSCI outstanding immediately prior thereto do not continue to represent (either by remaining outstanding or by being converted into
voting securities of the surviving entity of such merger or consolidation or parent entity thereof) 50% or more of the total voting power of MSCI stock (or if the Company is not the surviving entity of such merger or consolidation, 50% or more of
the total voting power of the stock of such surviving entity or parent entity thereof); and provided, further, that a merger or consolidation effected to implement a recapitalization of MSCI (or similar transaction) in which no person (as
determined under Section 409A) is or becomes the beneficial owner, directly or indirectly, of securities of MSCI (not including in the securities beneficially owned by such person any securities acquired directly from MSCI or its affiliates
other than in connection with the acquisition by MSCI or its affiliates of a business) representing 50% or more of either the then outstanding shares of MSCI common stock or the combined voting power of MSCI’s then outstanding voting securities
shall not be considered a Change in Control; or 
 (d) the sale or disposition by the Company of all or
substantially all of the Company’s assets in which any one person or more than one person acting as a group (as determined under Section 409A) acquires (or has acquired during the 12-month period ending on the date of the most recent
acquisition by such person or persons) assets from the Company that have a total gross fair market value equal to more than 50% of the total gross fair market value of all of the assets of the Company immediately prior to such acquisition or
acquisitions. 
 Notwithstanding the foregoing, (1) no Change in Control shall be deemed to have occurred if there is
consummated any transaction or series of integrated transactions immediately following which the record holders of MSCI common stock immediately prior to such transaction or series of transactions continue to have substantially the same
proportionate ownership in an entity which owns substantially all of the assets of the Company immediately prior to such transaction or series of transactions and (2) no event or circumstances described in any of clauses (a) through
(d) above shall constitute a Change in Control unless such event or circumstances also constitute a change in the ownership or effective control of the Company, or in the ownership of a substantial portion of the Company’s assets, as
defined in Section 409A and the regulations and guidance thereunder. In addition, no Change in Control shall be deemed to have occurred upon the acquisition of additional control of the Company by any one person or more than one person acting
as a group that is considered to effectively control the Company. 
 Terms used in the definition of a Change in Control shall
be as defined or interpreted pursuant to Section 409A. 

  
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 (c) “Disability” means “permanent and total
disability” (as defined in Section 22(e) of the Code). 
 (d) “Legal Requirement”
means any law, regulation, ruling, judicial decision, accounting standard, regulatory guidance or other legal requirement. 
 (e) “MSCI” means MSCI Inc., a Delaware corporation. 
 (f) “Section 409A” means Section 409A of the Code, and the rules, regulations and guidance thereunder. 

  
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 APPENDIX A 
 Designation of Beneficiary(ies) Under 
 MSCI Independent Directors’
Equity Compensation Plan 
 This Designation of Beneficiary shall remain in effect with respect to all awards issued to me
under any MSCI equity compensation plan, including any awards that may be issued to me after the date hereof, unless and until I modify or revoke it by submitting a later dated beneficiary designation. This Designation of Beneficiary supersedes all
my prior beneficiary designations with respect to all my equity awards. 
 I hereby designate the following beneficiary(ies) to
receive any survivor benefits with respect to all my equity awards: 
  

							
	 	  	 Beneficiary(ies) Name(s)
	  	 Relationship
	  	Percentage
	 (1)
	  		  		  	
	 (2)
	  		  		  	
	 (3)
	  		  		  	
	 (4)
	  		  		  	

 Address(es) of Beneficiary(ies): 

 

							
	 (1)
	 		  		  	
	 (2)
	 		  		  	
	 (3)
	 		  		  	
	 (4)
	 		  		  	

 Contingent Beneficiary 
 Please also indicate any contingent beneficiary and to which beneficiary above such interest relates. 
  

					
	 Beneficiary(ies) Name(s)
	  	Relationship	  	Nature of Contingency

 Address(es) of Contingent Beneficiary(ies): 
 Name: (please print)
                                         
                                         
                  Date: 
 Signature 

Please sign and return this form to MSCI’s Human Resources Department.EX-10.38

 Exhibit 10.38 
 RiskMetrics Group, Inc. 
 2007 Omnibus Incentive Compensation Plan

 (Amended December 13, 2012) 
 ARTICLE I 
 General 

 

	1.1	Purpose  

 The RiskMetrics Group, Inc. 2007 Omnibus Incentive Compensation Plan (the “Plan”) is designed to provide certain key persons, on whose initiative and efforts the successful conduct of the
business of RiskMetrics Group, Inc. (the “Company”) depends, and who are responsible for the management, growth and protection of the business of the Company, with incentives to: (a) enter into and remain in the service of the
Company, a Company subsidiary or a Company joint venture, (b) acquire a proprietary interest in the success of the Company, (c) maximize their performance and (d) enhance the long-term performance of the Company (whether directly or
indirectly through enhancing the long-term performance of a Company subsidiary or a Company joint venture). 
  

	1.2	Administration  

 (a) Administration by Committee; Constitution of Committee. The Plan shall be administered by the Compensation Committee of the Board of Directors of the Company (the “Board”) or such
other committee or subcommittee as the Board may designate or as shall be formed by the abstention or recusal of a non-Qualified Member (as defined below) of such committee (the “Committee”). The members of the Committee shall be appointed
by, and serve at the pleasure of, the Board. While it is intended that at all times that the Committee acts in connection with the Plan, the Committee shall consist solely of Qualified Members, the number of whom shall not be less than two, the fact
that the Committee is not so comprised will not invalidate any grant hereunder that otherwise satisfies the terms of the Plan. A “Qualified Member” is both a “non-employee director” within the meaning of Rule 16b-3 (“Rule
16b-3”) promulgated under the Securities Exchange Act of 1934 (the “1934 Act”) and an “outside director” within the meaning of section 162(m) of the Internal Revenue Code of 1986, as amended (the “Code”). If the
Committee does not exist, or for any other reason determined by the Board, the Board may take any action under the Plan that would otherwise be the responsibility of the Committee. 

(b) Committee’s Authority. The Committee shall have the authority to (i) exercise all of the powers granted to it under
the Plan, (ii) construe, interpret and implement the Plan and any award certificates issued under the Plan, (iii) prescribe, amend and rescind rules and regulations relating to the Plan, including rules governing its own operations,
(iv) make all determinations necessary or advisable in administering the Plan, (v) correct any defect, supply any omission and reconcile any inconsistency in the Plan, and (vi) amend the Plan to reflect changes in applicable law.

 (c) Committee Action; Delegation. Actions of the Committee shall be taken by the vote of a majority of its members.
Except as otherwise required by applicable law, any action may be taken by a written instrument signed by a majority of the Committee members, and action so taken shall be fully as effective as if it had been taken by a vote at a meeting.
Notwithstanding the foregoing or any other provision of the Plan, the Committee (or the Board acting instead of the Committee), may delegate to one or more officers of the Company the authority to designate the individuals (other than such
officer(s)), among those eligible to receive awards pursuant to the terms of the Plan, who will receive rights or options under the Plan and the size of each such grant, to the fullest extent permitted by Section 157 of the Delaware General
Corporation Law (or any successor provision thereto), provided that the Committee shall itself grant awards to those individuals who could reasonably be considered to 

  
 A-1

 
be subject to the insider trading provisions of section 16 of the 1934 Act or whose awards could reasonably be expected to be subject to the deduction limitations of section 162(m) of the Code.

 (d) Determinations Final. The determination of the Committee on all matters relating to the Plan or any award under
the Plan shall be final, binding and conclusive. 
 (e) Limit on Committee Members’ Liability. No member of the
Committee shall be liable for any action or determination made in good faith with respect to the Plan or any award thereunder. 
  

	1.3	Persons Eligible for Awards  

 The persons eligible to receive awards under the Plan are those officers, directors (whether or not they are employed by the Company), and executive, managerial, professional or administrative employees
of, and consultants to, the Company, its subsidiaries and its joint ventures (collectively, “key persons”) as the Committee in its sole discretion shall select. 

 

	1.4	Types of Awards Under Plan  

 Awards may be made under the Plan in the form of (a) incentive stock options, (b) non-qualified stock options, (c) stock appreciation rights, (d) restricted stock, (e) restricted
stock units, (f) unrestricted stock, and (g) performance shares, all as more fully set forth in Article II. The term “award” means any of the foregoing. No incentive stock option may be granted to a person who is not an employee
of the Company or one of its subsidiary corporations on the date of grant. 
  

	1.5	Shares Available for Awards; Adjustments to Awards 

 (a) Aggregate Number Available; Certificate Legends. Subject to adjustment as provided under subparagraph (d)(i) below, the total number of shares of common stock of the Company (“Common
Stock”) with respect to which awards may be granted pursuant to the Plan shall not exceed the sum of 10,000,000 shares. Shares issued pursuant to the Plan may be authorized but unissued Common Stock, authorized and issued Common Stock held in
the Company’s treasury or Common Stock acquired by the Company for the purposes of the Plan. The Committee may direct that any stock certificate evidencing shares issued pursuant to the Plan shall bear a legend setting forth such restrictions
on transferability as may apply to such shares. 
 (b) Individual Limits. Except as provided in this paragraph (b), no
provision of this Plan shall be deemed to limit the number or value of shares otherwise available for awards under the Plan with respect to which the Committee may make awards to any one eligible person. Subject to adjustment as provided in
subparagraph (d)(i) below, the total number of shares of Common Stock with respect to which awards may be granted to any one employee of the Company or a subsidiary during any one calendar year shall not exceed 1,875,000 shares. Stock options and
stock appreciation rights granted and subsequently canceled or deemed to be canceled in a calendar year shall count against this limit even after their cancellation. 
 (c) Certain Shares to Become Available Again. The following shares of Common Stock shall again become available for awards under the Plan: (i) any shares that are subject to an award under the
Plan and that remain unissued upon the cancellation or termination of such award for any reason whatsoever, and (ii) any shares of restricted stock forfeited pursuant to the terms of the Plan or the award, provided that any dividends paid on
such shares are also forfeited. 
 (d) Adjustments to Available Shares and Existing Awards Upon Changes in Common Stock or
Certain Other Events. Upon certain changes in Common Stock or other corporate events, the number 

  
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of shares of Common Stock available for issuance with respect to awards that may be granted under the Plan, and that are the subject of existing awards, shall be adjusted or shall be adjustable,
as follows: 
 (i) Shares Available for Grants. In the event of any change in the number of shares of
Common Stock outstanding by reason of any stock dividend or split, reverse stock split, recapitalization, merger, consolidation, combination or exchange of shares or similar corporate change, the maximum number of shares of Common Stock with respect
to which the Committee may grant awards under paragraph (a) above, and the individual annual limit described in paragraph (b) above, shall be appropriately adjusted by the Committee. In the event of any change in the number of shares of
Common Stock outstanding by reason of any other event or transaction, the Committee may, but need not, make such adjustments in the maximum number and class of shares of Common Stock with respect to which the Committee may grant awards under
paragraph (a) above and the annual individual limit described in paragraph (b) above, in each case as the Committee may deem appropriate. 
 (ii) Outstanding Restricted Stock, Restricted Stock Units and Performance Shares. Unless the Committee in its absolute discretion otherwise determines, any securities or other property (including
dividends paid in cash) received by a grantee with respect to a share of restricted stock, which has not yet vested, as a result of any dividend, stock split, reverse stock split, recapitalization, merger, consolidation, combination, exchange of
shares or otherwise, will not vest until such share of restricted stock vests, and shall be promptly deposited with the Company. 
 The Committee shall appropriately adjust outstanding grants of restricted stock units or performance shares payable in shares of Common Stock to reflect any dividend, stock split, reverse stock split,
recapitalization, merger, consolidation, combination, exchange of shares or similar corporate change in order to prevent the enlargement or dilution of rights of grantees. 

(iii) Outstanding Options and Stock Appreciation Rights—Increase or Decrease in Issued Shares Without
Consideration. Subject to any required action by the stockholders of the Company, in the event of any increase or decrease in the number of issued shares of Common Stock resulting from a subdivision or consolidation of shares of Common Stock or
the payment of a stock dividend (but only on the shares of Common Stock), or any other increase or decrease in the number of such shares effected without receipt of consideration by the Company, the Committee shall proportionally adjust the number
of shares of Common Stock subject to each outstanding option and stock appreciation right and the exercise price-per-share of Common Stock of each such option and stock appreciation right to the extent necessary to prevent the enlargement or
dilution of rights with respect to such options and stock appreciation rights. 
 (iv) Outstanding Options and
Stock Appreciation Rights—Certain Mergers. Subject to any required action by the stockholders of the Company, in the event that the Company shall be the surviving corporation in any merger or consolidation (except a merger or consolidation
as a result of which the holders of shares of Common Stock receive securities of another corporation), each option and stock appreciation right outstanding on the date of such merger or consolidation shall pertain to and apply to the securities
which a holder of the number of shares of Common Stock subject to such option or stock appreciation right would have received in such merger or consolidation. 
 (v) Outstanding Options and Stock Appreciation Rights—Certain Other Transactions. In the event of (1) a dissolution or liquidation of the Company, (2) a sale of all or substantially
all of the Company’s assets, (3) a merger or consolidation involving the Company in which the Company is not the surviving corporation or (4) a merger or consolidation involving the Company in which the Company is the surviving
corporation but the holders of shares of Common Stock receive 

  
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securities of another corporation and/or other property, including cash, the Committee shall, in its absolute discretion, either: 

(A) cancel, effective immediately prior to the occurrence of such event, each option and stock appreciation right
outstanding immediately prior to such event (whether or not then exercisable), and, in full consideration of such cancellation, pay to the grantee to whom such option or stock appreciation right was granted an amount in cash, for each share of
Common Stock subject to such option or stock appreciation right, respectively, equal to the excess of (x) the value, as determined by the Committee in its absolute discretion, of the property (including cash) received by the holder of a share
of Common Stock as a result of such event over (y) the exercise price of such option or stock appreciation right; or 
 (B) provide for the exchange of each option and stock appreciation right outstanding immediately prior to such event (whether or not then exercisable) for an option on or stock appreciation right with
respect to, as appropriate, some or all of the property which a holder of the number of shares of Common Stock subject to such option or stock appreciation right would have received and, incident thereto, make an equitable adjustment as determined
by the Committee in its absolute discretion in the exercise price of the option or stock appreciation right, or the number of shares or amount of property subject to the option or stock appreciation right or, if appropriate, provide for a cash
payment to the grantee to whom such option or stock appreciation right was granted in partial consideration for the exchange of the option or stock appreciation right. 

(vi) Outstanding Options and Stock Appreciation Rights—Other Changes. In the event of any change in the
capitalization of the Company or a corporate change other than those specifically referred to in subparagraphs (iii), (iv) or (v) above, the Committee may, in its absolute discretion, make such adjustments in the number and class of shares
subject to options and stock appreciation rights outstanding on the date on which such change occurs and in the per-share exercise price of each such option and stock appreciation right as the Committee may consider appropriate to prevent dilution
or enlargement of rights. In addition, if and to the extent the Committee determines it is appropriate, the Committee may elect to cancel each option and stock appreciation right outstanding immediately prior to such event (whether or not then
exercisable), and, in full consideration of such cancellation, pay to the grantee to whom such option or stock appreciation right was granted an amount in cash, for each share of Common Stock subject to such option or stock appreciation right,
respectively, equal to the excess of (x) the Fair Market Value of Common Stock on the date of such cancellation over (y) the exercise price of such option or stock appreciation right. 

(vii) No Other Rights. Except as expressly provided in the Plan, no grantee shall have any rights by reason of any
subdivision or consolidation of shares of stock of any class, the payment of any dividend, any increase or decrease in the number of shares of stock of any class or any dissolution, liquidation, merger or consolidation of the Company or any other
corporation. Except as expressly provided in the Plan, no issuance by the Company of shares of stock of any class, or securities convertible into shares of stock of any class, shall affect, and no adjustment by reason thereof shall be made with
respect to, the number of shares of Common Stock subject to an award or the exercise price of any option or stock appreciation right. 
  

	1.6	Definitions of Certain Terms 

 (a) The “Fair Market Value” of a share of Common Stock on any day shall be the closing price on the New York Stock Exchange, American Stock Exchange or Nasdaq (whichever is applicable) as
reported for such day in The Wall Street Journal or, if no such price is reported for such day, the average of the high bid and low asked price of Common Stock as reported for such day. If no quotation is made for the applicable day, the Fair Market
Value of a share of Common Stock on such 

  
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day shall be determined in the manner set forth in the preceding sentence using quotations for the next preceding day for which there were quotations, provided that such quotations shall have
been made within the ten (10) business days preceding the applicable day. Notwithstanding the foregoing, if shares of Common Stock are not listed on the New York Stock Exchange, American Stock Exchange or Nasdaq, or if otherwise deemed
necessary or appropriate by the Committee, the Fair Market Value of a share of Common Stock on any day shall be determined by the Committee. In no event shall the Fair Market Value of any share of Common Stock be less than its par value. 

(b) The term “incentive stock option” means an option that is intended to qualify for special federal income tax treatment
pursuant to sections 421 and 422 of the Code as now constituted or subsequently amended, or pursuant to a successor provision of the Code, and which is so designated in the applicable award certificate. Any option that is not specifically designated
as an incentive stock option shall under no circumstances be considered an incentive stock option. Any option that is not an incentive stock option is referred to herein as a “non-qualified stock option.” 

(c) A grantee shall be deemed to have a “termination of employment” upon (i) the date the grantee ceases to be employed
by, or to provide consulting services for, the Company, any Company subsidiary or Company joint venture, or any corporation (or any of its subsidiaries) which assumes the grantee’s award in a transaction to which section 424(a) of the Code
applies; or (ii) the date the grantee ceases to be a Board member, provided, however, that in the case of a grantee (x) who is, at the time of reference, both an employee or consultant and a Board member, or (y) who ceases to be
engaged as an employee, consultant or Board member and immediately is engaged in another of such relationships with the Company, any Company subsidiary or Company joint venture, the grantee shall be deemed to have a “termination of
employment” upon the later of the dates determined pursuant to clauses (i) and (ii) above. For purposes of clause (i) above, a grantee who continues his or her employment or consulting relationship with: (A) a Company
subsidiary subsequent to its sale by the Company, or (B) a Company joint venture subsequent to the Company’s sale of its interests in such joint venture, shall have a termination of employment upon the date of such sale. The Committee may
in its discretion determine whether any leave of absence constitutes a termination of employment for purposes of the Plan and the impact, if any, of any such leave of absence on awards theretofore made under the Plan. 

(d) In relation to the Company, the terms “parent corporation” and “subsidiary corporation” shall be defined in
accordance with sections 424(e) and (f) of the Code, respectively. 
 (e) The term “employment” shall be deemed
to mean an employee’s employment with, or a consultant’s provision of services to, the Company, any Company subsidiary or any Company joint venture and each Board member’s service as a Board member. 

(f) In connection with a termination of employment by reason of a dismissal for “cause”: 

(i) The term “cause” shall mean: 

(A) to the extent that there is an employment, severance or other agreement governing the relationship between the grantee
and the Company, a Company subsidiary or a Company joint venture, which agreement contains a definition of “cause,” cause shall consist of those acts or omissions that would constitute “cause” under such agreement; and

 (B) to the extent that there is no such agreement as provided or in subsection (f)(i)(A) above, the
grantee’s termination of employment by the Company or an affiliate on account of any one or more of the following: 
  

	 	(1)	 grantee’s willful and intentional repeated failure or refusal, continuing after notice that specifically identifies the breach(es) complained of,
to perform substantially his or her material duties, responsibilities and obligations (other than a failure resulting from grantee’s incapacity due to physical or mental

  
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illness or other reasons beyond the control of grantee), and which failure or refusal results in demonstrable direct and material injury to the Company; 

 

	 	(2)	any willful and intentional act or failure to act involving fraud, misrepresentation, theft, embezzlement, dishonesty or moral turpitude (collectively,
“Fraud”) which results in demonstrable direct and material injury to the Company; and 

  

	 	(3)	any unauthorized use or disclosure by the grantee of confidential information or trade secrets of the Company (or any affiliated entity); 

 

	 	(4)	any intentional wrongdoing by such person whether by omission or commission, which materially adversely affects the business or affairs of the Company (or any
affiliated entity); and 

  

	 	(5)	conviction of (or a plea of nolo contendere to) an offense which is a felony in the jurisdiction involved or which is a misdemeanor in the jurisdiction involved but
which involves Fraud. 

 (ii) For purposes of determining whether cause exists: 

(A) to the extent that there is an employment, severance or other agreement governing the relationship between the grantee
and the Company, a Company subsidiary or a Company joint venture, which agreement contains a definition of “cause” and provides a procedure for the determination of whether cause exists, the determination of whether a grantee’s
employment is (or is deemed to have been) terminated for cause for purposes of the Plan or any award hereunder shall be made in accordance with such agreement; and 

(B) to the extent that there is no such agreement as provided for in subsection (f)(ii)(A) above: 

 

	 	(1)	the determination of whether a grantee’s employment is (or is deemed to have been) terminated for cause for purposes of the Plan or any award hereunder shall be
made by the Committee in its discretion; 

  

	 	(2)	any rights the Company may have hereunder in respect of the events giving rise to cause shall be in addition to the rights the Company may have under any other
agreement with a grantee or at law or in equity; 

  

	 	(3)	if, subsequent to a grantee’s voluntary termination of employment or involuntary termination of employment without cause, it is discovered that the grantee’s
employment could have been terminated for cause, the Committee may deem such grantee’s employment to have been terminated for cause; and 

  

	 	(4)	a grantee’s termination of employment for cause shall be effective as of the date of the occurrence of the event giving rise to cause, regardless of when the
determination of cause is made. 

 ARTICLE II 

Awards Under the Plan 
  

	2.1	Certificates Evidencing Awards  

 Each award granted under the Plan shall be evidenced by a written certificate (“award certificate”) which shall contain such provisions as the Committee may in its sole discretion deem necessary
or desirable. By accepting an award pursuant to the Plan, a grantee thereby agrees that the award shall be subject to all of the terms and provisions of the Plan and the applicable award certificate. 

  
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	2.2	Terms of Stock Options and Stock Appreciation Right Awards 

(a) Stock Option Grants. The Committee may grant incentive stock options and non-qualified stock options (collectively,
“options”) to purchase shares of Common Stock from the Company, to such key persons, and in such amounts and subject to such vesting and forfeiture provisions and other terms and conditions, as the Committee shall determine in its sole
discretion, subject to the provisions of the Plan. 
 (b) Stock Appreciation Right Grants; Types of Stock Appreciation
Rights. The Committee may grant stock appreciation rights to such key persons, and in such amounts and subject to such vesting and forfeiture provisions and other terms and conditions, as the Committee shall determine in its sole discretion,
subject to the provisions of the Plan. The terms of a stock appreciation right may provide that it shall be automatically exercised for a cash payment upon the happening of a specified event that is outside the control of the grantee and that it
shall not be otherwise exercisable. Stock appreciation rights may be granted in connection with all or any part of, or independently of, any option granted under the Plan. A stock appreciation right granted in connection with a non-qualified stock
option may be granted at or after the time of grant of such option. A stock appreciation right granted in connection with an incentive stock option may be granted only at the time of grant of such option. 

(c) Nature of Stock Appreciation Rights. The grantee of a stock appreciation right shall have the right, subject to the terms of
the Plan and the applicable award certificate, to receive from the Company an amount equal to (i) the excess of the Fair Market Value of a share of Common Stock on the date of exercise of the stock appreciation right over the Fair Market Value
of a share of Common Stock on the date of grant (or over the option exercise price if the stock appreciation right is granted in connection with an option), multiplied by (ii) the number of shares with respect to which the stock appreciation
right is exercised. Payment upon exercise of a stock appreciation right shall be in cash or in shares of Common Stock (valued at their Fair Market Value on the date of exercise of the stock appreciation right) or both, all as the Committee shall
determine in its sole discretion. Upon the exercise of a stock appreciation right granted in connection with an option, the number of shares subject to the option shall be reduced by the number of shares with respect to which the stock appreciation
right is exercised. Upon the exercise of an option in connection with which a stock appreciation right has been granted, the number of shares subject to the stock appreciation right shall be reduced by the number of shares with respect to which the
option is exercised. 
 (d) Option Exercise Price. Each award certificate with respect to an option shall set forth the
amount (the “option exercise price”) payable by the grantee to the Company upon exercise of the option evidenced thereby. The option exercise price per share shall be determined by the Committee in its sole discretion; provided, however,
that the option exercise price shall be at least 100% of the Fair Market Value of a share of Common Stock on the date the option is granted, and provided further that in no event shall the option exercise price be less than the par value of a share
of Common Stock. 
 (e) Exercise Period. Each award certificate with respect to an option or stock appreciation right
shall set forth the periods during which the award evidenced thereby shall be exercisable, whether in whole or in part. Such periods shall be determined by the Committee in its sole discretion, subject to the following: 

(i) Ten-Year Limit. No stock option (or a stock appreciation right granted in connection with an incentive stock
option) shall be exercisable more than 10 years after the date of grant. 
 (ii) Beginning of Exercise
Period. 
 (A) General. Unless the applicable award certificate otherwise provides, an option or stock
appreciation right shall become exercisable with respect to a number of whole shares as close as possible to 25% of the shares subject to such option or stock appreciation right on each of the first four anniversaries of the date of grant.

  
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 (B) Early Exercise. The Committee may provide that all or part of a
stock option be exercisable for shares of Common Stock subject to restrictions comparable to those set forth in Section 2.6(d) hereof and subject to a repurchase option in favor of the Company. Such restrictions and repurchase option shall
lapse at such times as the Committee shall specify in the award certificate. 
 (iii) End of Exercise
Period. Unless the applicable award certificate otherwise provides, once an installment becomes exercisable, it shall remain exercisable until the earlier of (A) the tenth anniversary of the date of grant of the award or (B) the
expiration, cancellation or termination of the award. 
 (iv) Timing and Extent of Exercise. Unless the
applicable award certificate otherwise provides, (A) an option or stock appreciation right may be exercised from time to time as to all or part of the shares as to which such award is then exercisable and (B) a stock appreciation right
granted in connection with an option may be exercised at any time when, and to the same extent that, the related option may be exercised. 
 (v) Termination of Employment—Generally. Except as otherwise provided below, a grantee who incurs a termination of employment may exercise any outstanding option or stock appreciation right on
the following terms and conditions: (A) exercise may be made only to the extent that the grantee was entitled to exercise the award on the termination of employment date; and (B) exercise must occur within three months after termination of
employment but in no event after the original expiration date of the award. 
 (vi) Dismissal for Cause.
If a grantee incurs a termination of employment as the result of a dismissal for cause, all options and stock appreciation rights not theretofore exercised shall terminate upon the commencement of business on the date of the grantee’s
termination of employment. 
 (vii) Disability. If a grantee incurs a termination of employment by reason
of a disability (as defined below), then any outstanding option or stock appreciation right shall be exercisable on the following terms and conditions: (A) exercise may be made only to the extent that the grantee was entitled to exercise the
award on the termination of employment date; and (B) exercise must occur by the earlier of (I) the first anniversary of the grantee’s termination of employment, or (II) the original expiration date of the award. For this purpose
“disability” shall mean any physical or mental condition that would qualify a grantee for a disability benefit under the long-term disability plan maintained by the Company or, if there is no such plan, the inability of a grantee to
perform all or a substantial part of his or her material duties, as a result of mental or physical defect or illness for a period of 90 consecutive days or 120 non-consecutive days during any 12 month period. The existence of a disability shall be
determined by the Committee in its absolute discretion. 
 (viii) Death. 

(A) Termination of Employment as a Result of Grantee’s Death. If a grantee incurs a termination of employment
as the result of death, then any outstanding option or stock appreciation right shall be exercisable on the following terms and conditions: (I) exercise may be made only to the extent that the grantee was entitled to exercise the award on the
date of death; and (II) exercise must occur by the earlier of (1) the first anniversary of the grantee’s termination of employment, or (2) the original expiration date of the award. 

(B) Death Subsequent to a Termination of Employment. If a grantee dies subsequent to incurring a termination of
employment but prior to the expiration of the exercise period with respect to a stock option or a stock appreciation right, then the award shall remain exercisable 

  
 A-8

 
until the earlier to occur of (I) the first anniversary of the grantee’s date of death or (II) the original expiration date of the award. 

(C) Restrictions on Exercise Following Death. Any such exercise of an award following a grantee’s death shall
be made only by the grantee’s executor or administrator or other duly appointed representative reasonably acceptable to the Committee, unless the grantee’s will specifically disposes of such award, in which case such exercise shall be made
only by the recipient of such specific disposition. If a grantee’s personal representative or the recipient of a specific disposition under the grantee’s will shall be entitled to exercise any award pursuant to the preceding sentence, such
representative or recipient shall be bound by all the terms and conditions of the Plan and the applicable award certificate which would have applied to the grantee. 

(ix) Special Rules for Incentive Stock Options. No option that remains exercisable for more than three months
following a grantee’s termination of employment for any reason other than death (including death within three months after the termination of employment or within one year after a termination due to disability) or disability, or for more than
one year following a grantee’s termination of employment as the result of disability, may be treated as an incentive stock option. 
 (x) Detrimental Activity. In the event that the Committee determines that a grantee has engaged in any Detrimental Activity (as defined in Section 3.3) after his or her termination of
employment, any outstanding stock options shall terminate as of the date such Detrimental Activity occurred. 

(xi) Committee Discretion. The Committee, in the applicable award certificate, may waive or modify the application
of one or more of the provisions of subparagraphs (v) through (viii) of this Section 2.2(e). 
 (f) Incentive
Stock Options: $100,000 Limitation. To the extent that the aggregate Fair Market Value (determined as of the time the option is granted) of the stock with respect to which incentive stock options are first exercisable by any employee during any
calendar year shall exceed $100,000, or such higher amount as may be permitted from time to time under section 422 of the Code, such options shall be treated as non-qualified stock options. 

(g) Incentive Stock Options: 10% Owners. Notwithstanding the foregoing provisions of this Section 2.2, an incentive stock
option may not be granted under the Plan to an individual who, at the time the option is granted, owns stock possessing more than 10% of the total combined voting power of all classes of stock of his or her employer or of its parent or subsidiary
(as such ownership may be determined for purposes of section 422(b)(6) of the Code) unless (i) at the time such incentive stock option is granted the option exercise price is at least 110% of the Fair Market Value of the shares subject thereto
and (ii) the incentive stock option by its terms is not exercisable after the expiration of 5 years from the date it is granted. 
  

	2.3	Exercise of Options and Stock Appreciation Rights 

 Subject to the other provisions of this Article II, each option or stock appreciation right granted under the Plan shall be exercisable as follows: 

(a) Notice of Exercise. An option or stock appreciation right shall be exercised by the filing of a written notice with the
Company or the Company’s designated exchange agent (the “exchange agent”), on such form and in such manner as the Committee shall in its sole discretion prescribe. 

(b) Payment of Exercise Price. Any written notice of exercise of an option shall be accompanied by payment for the shares being
purchased. Such payment shall be made: (i) by certified or official bank check (or the equivalent thereof acceptable to the Company or its exchange agent) for the full 

  
 A-9

 
option exercise price; or (ii) with the consent of the Committee, by delivery of shares of Common Stock owned by the grantee (whether acquired by option exercise or otherwise, provided that
if such shares were acquired pursuant to the exercise of a stock option, they were acquired at least six months prior to the option exercise date or such other period as the Committee may from time to time determine) having a Fair Market Value
(determined as of the exercise date) equal to all or part of the option exercise price and a certified or official bank check (or the equivalent thereof acceptable to the Company or its exchange agent) for any remaining portion of the full option
exercise price; (iii) by means of a brokered cashless exercise; or (iv) at the discretion of the Committee and to the extent permitted by law, by such other provision, consistent with the terms of the Plan, as the Committee may from time
to time prescribe. 
 (c) Delivery of Certificates Upon Exercise. Promptly after receiving payment of the full option
exercise price, or after receiving notice of the exercise of a stock appreciation right, the Company or its exchange agent shall deliver to the grantee or to such other person as may then have the right to exercise the award, certificate or
certificates for the shares of Common Stock for which the award has been exercised. If the method of payment employed upon option exercise so requires, and if applicable law permits, a grantee may direct the Company, or its exchange agent, as the
case may be, to deliver the stock certificate(s) to the grantee’s stockbroker. 
 (d) No Stockholder Rights. No
grantee of an option or stock appreciation right (or other person having the right to exercise such award) shall have any of the rights of a stockholder of the Company with respect to shares subject to such award until the issuance of a stock
certificate to such person for such shares. Except as otherwise provided in Section 1.5(d), no adjustment shall be made for dividends, distributions or other rights (whether ordinary or extraordinary, and whether in cash, securities or other
property) for which the record date is prior to the date such stock certificate is issued. 
  

	2.4	Compensation in Lieu of Exercise of an Option 

 Upon written application of the grantee of an option, the Committee in its sole discretion may determine to substitute, for the exercise of such option, compensation to the grantee not in excess of the
difference between the option exercise price and the Fair Market Value of the shares covered by such written application on the date of such application. Such compensation shall be in shares of Common Stock, and the payment thereof may be subject to
conditions, all as the Committee shall determine in its sole discretion. In the event compensation is substituted pursuant to this Section 2.4 for the exercise, in whole or in part, of an option, the number of shares subject to the option shall
be reduced by the number of shares for which such compensation is substituted. 
  

	2.5	Transferability of Options and Stock Appreciation Rights 

Except as otherwise provided in an applicable award certificate evidencing an option or stock appreciation right, during the lifetime of a
grantee, each option or stock appreciation right granted to a grantee shall be exercisable only by the grantee and no option or stock appreciation right shall be assignable or transferable otherwise than by will or by the laws of descent and
distribution. Any attempt to transfer any option or stock appreciation right other than as permitted herein shall be void and immediately cancelled, and no such option or stock appreciation right shall in any manner be liable for or subject to the
debts, contracts, liabilities or torts of any person who shall be entitled to such option or stock appreciation right, nor shall any option or stock appreciation right be subject to attachment or legal process for or against such person. The
Committee may, in any applicable award certificate evidencing an option (other than an incentive stock option to the extent inconsistent with the requirements of section 422 of the Code applicable to incentive stock options), permit a grantee to
transfer all or some of the options to (A) the grantee’s spouse, children or grandchildren (“immediate family members”), (B) a trust or trusts for the exclusive benefit of such immediate family members, or (C) other
parties approved by the Committee in its absolute discretion. Following any such transfer, 

  
 A-10

 
any transferred options shall continue to be subject to the same terms and conditions as were applicable immediately prior to the transfer, and the transferee shall be subject to all obligations
hereunder as if such person were the grantee. 
  

	2.6	Grant of Restricted Stock  

 (a) Restricted Stock Grants. The Committee may grant restricted shares of Common Stock to such key persons, in such amounts, and subject to such vesting and forfeiture provisions and other terms
and conditions as the Committee shall determine in its sole discretion, subject to the provisions of the Plan. Restricted stock awards may be made independently of or in connection with any other award under the Plan. A grantee of a restricted stock
award shall have no rights with respect to such award unless such grantee accepts the award within such period as the Committee shall specify by accepting delivery of an award certificate in such form as the Committee shall determine and, in the
event the restricted shares are newly issued by the Company, makes payment to the Company or its exchange agent in an amount at least equal to the par value of the shares as required by the Committee and in accordance with the Delaware General
Corporation Law. 
 (b) Issuance of Stock Certificate(s). Promptly after a grantee accepts a restricted stock award, the
Company or its exchange agent shall issue to the grantee a stock certificate or stock certificates for the shares of Common Stock covered by the award or shall establish an account evidencing ownership of the stock in uncertificated form. Upon the
issuance of such stock certificate(s) or establishment of such account, the grantee shall have the rights of a stockholder with respect to the restricted stock, subject to: (i) the nontransferability restrictions and forfeiture provision
described in paragraphs (d) and (e) of this Section 2.6; (ii) in the Committee’s discretion, a requirement that any dividends paid on such shares shall be held in escrow until all restrictions on such shares have lapsed; and
(iii) any other restrictions and conditions contained in the applicable award certificate. 
 (c) Custody of Stock
Certificate(s). Unless the Committee shall otherwise determine, any stock certificates issued evidencing shares of restricted stock shall remain in the possession of the Company until such shares are free of any restrictions specified in the
applicable award certificate. The Committee may direct that such stock certificate(s) bear a legend setting forth the applicable restrictions on transferability. 
 (d) Nontransferability. Shares of restricted stock may not be sold, assigned, transferred, pledged or otherwise encumbered or disposed of except as otherwise specifically provided in this Plan or
the applicable award certificate. The Committee at the time of grant shall specify the date or dates (which may depend upon or be related to a period of continued employment with the Company, the attainment of performance goals or other conditions
or a combination of such conditions) on which the nontransferability of the restricted stock shall lapse. 
 (e) Forfeiture
Upon Termination of Employment. Except as may otherwise be provided by the Committee at any time prior to a grantee’s termination of employment, a grantee’s termination of employment for any reason (including death) shall cause the
immediate forfeiture of all shares of restricted stock that have not yet vested as of the date of such termination of employment. Unless the Board or the Committee determines otherwise, all dividends paid on such shares also shall be forfeited,
whether by termination of any escrow arrangement under which such dividends are held, by the grantee’s repayment of dividends received directly, or otherwise. 
  

	2.7	Grant of Restricted Stock Units  

 (a) Restricted Stock Unit Grants. The Committee may grant awards of restricted stock units to such key persons, in such amounts, and subject to such terms and conditions as the Committee shall
determine in its discretion, subject to the provisions of the Plan. Restricted stock units may be awarded independently of or in connection with any other award under the Plan. A grantee of a restricted stock

  
 A-11

 
unit award shall have no rights with respect to such award unless such grantee accepts the award within such period as the Committee shall specify by accepting delivery of an award certificate in
such form as the Committee shall determine. A grant of a restricted stock unit entitles the grantee to receive a share of Common Stock on the date that such restricted stock unit vests. 

(b) Vesting. Restricted stock units may not be sold, assigned, transferred, pledged or otherwise encumbered or disposed of except
as otherwise specifically provided in this Plan or the applicable award certificate. The Committee at the time of grant shall specify the date or dates (which may depend upon or be related to a period of continued employment with the Company, the
attainment of performance goals or other conditions or a combination of such conditions) on which the restricted stock units shall vest. 
 (c) Consequence of Termination of Employment. Except as may otherwise be provided by the Committee at any time prior to a grantee’s termination of employment, a grantee’s termination of
employment for any reason (including death) shall cause the immediate forfeiture of all restricted stock units that have not yet vested as of the date of such termination of employment. 

 

	2.8	Grant of Unrestricted Stock  

 The Committee may grant (or sell at a purchase price at least equal to par value) shares of Common Stock free of restrictions under the Plan, to such key persons and in such amounts and subject to such
forfeiture provisions as the Committee shall determine in its sole discretion. Shares may be thus granted or sold in respect of past services or other valid consideration. 

 

	2.9	Grant of Performance Shares  

 (a) Performance Share Grants. The Committee may grant performance share awards to such key persons, and in such amounts and subject to such vesting and forfeiture provisions and other terms and
conditions, as the Committee shall in its sole discretion determine, subject to the provisions of the Plan. Such an award shall entitle the grantee to acquire shares of Common Stock, or to be paid the value thereof in cash, as the Committee shall
determine, if specified performance goals are met. Performance shares may be awarded independently of, or in connection with, any other award under the Plan. A grantee shall have no rights with respect to a performance share award unless such
grantee accepts the award by accepting delivery of an award certificate at such time and in such form as the Committee shall determine. 
 (b) Stockholder Rights. The grantee of a performance share award will have the rights of a stockholder only as to shares for which a stock certificate has been issued pursuant to the award or for
which an account has been established evidencing ownership of the stock in uncertificated form and not with respect to any other shares subject to the award. 
 (c) Consequence of Termination of Employment. Except as may otherwise be provided by the Committee at any time prior to a grantee’s termination of employment, the rights of a grantee of a
performance share award shall automatically terminate upon the grantee’s termination of employment by the Company and its subsidiaries for any reason (including death). 

(d) Payment of Award. The grantee of a performance share award shall receive the shares of Common Stock or
cash payment subject to such award as soon as practicable following the satisfaction of the applicable performance goals, but in no event later than
2 1/2 months after the year in which the performance goals are satisfied. 

(e) Tandem Grants; Effect on Exercise. Except as otherwise specified by the Committee, (i) a performance share award granted
in tandem with an option may be exercised only while the option is exercisable, (ii) the exercise of a performance share award granted in tandem with any other award shall reduce the number of shares subject to such other award in the manner
specified in the applicable 

  
 A-12

 
award certificate, and (iii) the exercise of any award granted in tandem with a performance share award shall reduce the number of shares subject to the performance share award in the manner
specified in the applicable award certificate. 
 (f) Nontransferability. Performance shares may not be sold, assigned,
transferred, pledged or otherwise encumbered or disposed of except as otherwise specifically provided in this Plan or the applicable award certificate. 
  

	2.10	Right of Recapture  

 If at any time after the date on which a grantee has been granted or become vested in an award pursuant to the achievement of performance goals, the Committee determines that the earlier determination as
to the achievement of the performance goals was based on incorrect data and that in fact the performance goals had not been achieved or had been achieved to a lesser extent than originally determined, then (i) any award or portion of an award
granted based on such incorrect determination shall be forfeited, (ii) any award or portion of an award that became vested based on such incorrect determination shall be deemed to be not vested, and (iii) any amounts paid to the grantee
based on such incorrect determination shall be paid by the grantee to the Company upon notice from the Company. 
  

	2.11	Section 409A Releases 

 In the event the issuance of Common Stock or any other payment in respect of an award subject to Section 409A of the Code (a “409A Award”) is conditioned upon the execution and non-revocation of
a release of claims against the Company during a specified period, such specified period shall not be longer than 90 days following a permissible Section 409A payment event. In addition, if the specified period begins in a taxable year and ends in
the subsequent taxable year, the issuance or payment in respect of the Section 409A Award shall be made in the subsequent taxable year. 
 ARTICLE III 
 Miscellaneous 

 

	3.1	Amendment of the Plan; Modification of Awards  

 (a) Amendment of the Plan. The Board may from time to time suspend, discontinue, revise or amend the Plan in any respect whatsoever, except that no such amendment shall materially impair any rights
or materially increase any obligations under any award theretofore made under the Plan without the consent of the grantee (or, upon the grantee’s death, the person having the right to exercise the award). For purposes of this Section 3.1,
any action of the Board or the Committee that in any way alters or affects the tax treatment of any award or that in the sole discretion of the Board is necessary to prevent an award from being subject to tax under Section 409A of the Code
shall not be considered to materially impair any rights of any grantee. The Board shall determine, in its sole discretion, whether to submit any amendment of the Plan to stockholders for approval; in making such determination it is expected that the
Board will take into account the requirements of any exchange on which the Common Stock of the Company is listed, the prerequisites for favorable tax treatment to the Company and grantees of awards made under the Plan, and such other considerations
as the Board deems relevant. 
 (b) Modification of Awards. The Committee may cancel any award under the Plan. The
Committee also may amend any outstanding award certificate, including, without limitation, by amendment which would: (i) accelerate the time or times at which the award becomes unrestricted or vested or may be exercised; (ii) waive or
amend any goals, restrictions or conditions set forth in the award certificate; or (iii) waive or amend any applicable provision of the Plan or award certificate with respect to the termination of the award upon termination of employment,
provided however, that no such amendment may lower the exercise price of an outstanding option or stock appreciation right. However, any such cancellation or amendment (other than an amendment pursuant to Section 1.5(d)) that materially impairs
the rights or materially increases the obligations of a grantee under an outstanding award shall be made only with the consent of the grantee (or, upon the grantee’s death, the person having the right to exercise the award). 

  
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	3.2	Consent Requirement  

 (a) No Plan Action without Required Consent. If the Committee shall at any time determine that any Consent (as hereinafter defined) is necessary or desirable as a condition of, or in connection
with, the granting of any award under the Plan, the issuance or purchase of shares or exercise of other rights thereunder, or the taking of any other action thereunder (each such action being hereinafter referred to as a “Plan action”),
then such Plan action shall not be taken or permitted, in whole or in part, unless and until such Consent shall have been effected or obtained to the full satisfaction of the Committee. 

(b) Consent Defined. The term “Consent” as used herein with respect to any Plan action means (i) any and all
listings, registrations or qualifications in respect thereof upon any securities exchange or under any federal, state or local law, rule or regulation, (ii) any and all written agreements and representations by the grantee with respect to the
disposition of shares, or with respect to any other matter, which the Committee shall deem necessary or desirable to comply with the terms of any such listing, registration or qualification or to obtain an exemption from the requirement that any
such listing, qualification or registration be made and (iii) any and all consents, clearances and approvals in respect of a Plan action by any governmental or other regulatory bodies. 

(c) Representations, Legend. The Committee may require as a condition to the receipt of shares of Common Stock pursuant to an
award under this Plan that the grantee or any other person receiving shares pursuant to the award represent that such person is not acquiring the shares with a view to distribution thereof and to make such other securities law related
representations as the Committee shall request. In addition to any legend required by this Plan, any certificate representing Common Stock acquired in respect of an award may bear such legends as the Company deems advisable to assure compliance with
all applicable laws and regulations. 
  

	3.3	Detrimental Activity  

 The Committee may require that a grantee certify at the time an award vests or is exercised that he or she has not engaged in, and does not intend to engage in, any Detrimental Activity. In the event that
a grantee engages in Detrimental Activity during the one-year period commencing on the date an award vests or is exercised, the Company shall be entitled to recover from such grantee at any time, and such grantee shall pay over to the Company, an
amount equal to any gain realized as a result of the vesting or exercise (whether at the time of exercise or thereafter). For the purposes hereof, “Detrimental Activity” shall mean (a) the disclosure to anyone outside the Company or
its affiliates, or the use in any manner other than in the furtherance of the Company’s or its affiliate’s business, without written authorization from the Company, of any confidential information or proprietary information relating to the
business of the Company or its affiliates that is acquired by a grantee prior to the grantee’s termination of employment; (b) activity while employed or performing services that results, or if known could result, in the grantee’s
termination that is classified by the Company as a termination for cause; (c) any attempt, directly or indirectly, to solicit, induce or hire (or the identification for solicitation, inducement or hire) any non-clerical employee of the Company
or its affiliates to be employed by, or to perform services for, the grantee or any person with which the grantee is associated (including, but not limited to, employers, creditors, persons for whom the grantee performs consulting work, and entities
in which the grantee is a partner or equity owner) or any person from which the grantee receives direct or indirect compensation or fees as a result of such solicitation, inducement or hire (or the identification for solicitation, inducement or
hire) without, in all cases, written authorization from the Company; (d) any attempt, directly or indirectly, to solicit in a competitive manner any current or prospective customer of the Company or its affiliates without, in all cases, written
authorization from the Company; (e) the grantee’s disparagement, or inducement of others to do so, of the Company or its affiliates or their past and present officers, directors, employees or products; (f) without written
authorization from the Company, the rendering of services for any 

  
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organization, or engaging, directly or indirectly, in any business, which is competitive with the Company or its affiliates, or the rendering of services to such organization or business if such
organization or business is otherwise prejudicial to or in conflict with the interests of the Company or its affiliates; or (g) breach of any agreement between the grantee and the Company or an affiliate (including, without limitation, any
employment agreement or non-competition or non-solicitation agreement). 
  

	3.4	Nonassignability  

 (a) General. Except as expressly provided herein or by the terms of an award certificate: (a) no award or right granted to any person under the Plan or under any award certificate shall be
assignable or transferable other than by will or by the laws of descent and distribution; and (b) all rights granted under the Plan or any award certificate shall be exercisable during the life of the grantee only by the grantee or the
grantee’s legal representative. 
 (b) Payment to Minors, Etc. Any benefit payable to or for the benefit of a minor,
an incompetent person or other person incapable of receipt thereof shall be deemed paid when paid to such person’s guardian or to the party providing or reasonably appearing to provide for the care of such person, and such payment shall fully
discharge the Committee, the Board, the Company, its affiliates and their employees, agents and representatives with respect thereto. 
  

	3.5	Requirement of Notification of Election Under Section 83(b) of the Code 

If any grantee shall, in connection with the acquisition of shares of Common Stock under the Plan, make the election permitted under
section 83(b) of the Code (i.e., an election to include in gross income in the year of transfer the amounts specified in section 83(b)), such grantee shall notify the Company of such election within 10 days of filing notice of the election with the
Internal Revenue Service, in addition to any filing and notification required pursuant to regulations issued under the authority of Code section 83(b). 
  

	3.6	Requirement of Notification Upon Disqualifying Disposition Under Section 421(b) of the Code  

Each grantee of an incentive stock option shall notify the Company of any disposition of shares of Common Stock issued pursuant to the
exercise of such option under the circumstances described in section 421(b) of the Code (relating to certain disqualifying dispositions), within 10 days of such disposition. 

 

	3.7	Withholding Taxes  

 (a) With Respect to Cash Payments. Whenever cash is to be paid pursuant to an award under the Plan, the Company shall be entitled to deduct therefrom an amount sufficient in its opinion to satisfy
all federal, state and other governmental tax withholding requirements related to such payment. 
 (b) With Respect to
Delivery of Common Stock. Whenever shares of Common Stock are to be delivered pursuant to an award under the Plan, the Company shall be entitled to require as a condition of delivery that the grantee remit to the Company an amount sufficient in
the opinion of the Company to satisfy all federal, state and other governmental tax withholding requirements related thereto. With the approval of the Committee, which the Committee shall have sole discretion whether or not to give, the grantee may
satisfy the foregoing condition by electing to have the Company withhold from delivery shares having a value equal to the amount of tax to be withheld. Such shares shall be valued at their Fair Market Value as of the date on which the amount of tax
to be withheld is determined. Fractional share amounts shall be settled in cash. Such a withholding election may be made with respect to all or any portion of the shares to be delivered pursuant to an award. 

  
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	3.8	Limitations Imposed by Section 162(m)  

 Notwithstanding any other provision hereunder, if and to the extent that the Committee reasonably determines the Company’s federal tax deduction in respect of an award may be limited as a result of
section 162(m) of the Code, the Committee may take the following actions: 
 (i) With respect to options or stock
appreciation rights, the Committee may delay the exercise or payment, as the case may be, in respect of such options or stock appreciation rights until the earlier to occur of (A) 30 days following the grantee’s termination of employment,
but in any event during the same calendar year as such termination of employment and (B) the date, as reasonably determined by the Company, that the Company’s federal tax deduction in respect of the award will not be limited by reason of
section 162(m), or such other date as may be specified under final regulations promulgated pursuant to section 409A of the Code. In the event that a grantee exercises an option or stock appreciation right at a time when the grantee is a 162(m)
covered employee, and the Committee determines to delay the exercise or payment, as the case may be, in respect of any such award, the Committee shall credit cash or, in the case of an amount payable in Common Stock, the Fair Market Value of the
Common Stock, payable to the grantee to a book account. The grantee shall have no rights in respect of such book account and the amount credited thereto shall not be transferable by the grantee other than by will or laws of descent and distribution.
The Committee may credit additional amounts to such book account as it may determine in its sole discretion. Any book account created hereunder shall represent only an unfunded, unsecured promise by the Company to pay the amount credited thereto to
the grantee in the future. 
 (ii) With respect to restricted stock, the Committee may require the grantee to
surrender to the Committee any award certificates with respect to such awards, in order to cancel the awards of such restricted stock. In exchange for such cancellation, the Committee shall credit to a book account a cash amount equal to the Fair
Market Value of the shares of Common Stock subject to such awards. The amount credited to the book account shall be paid to the grantee on the earlier to occur of (A) 30 days following the grantee’s termination of employment, but in any
event during the same calendar year as such termination of employment and (B) the date, as reasonably determined by the Company, that the Company’s federal tax deduction in respect of the award will not be limited by reason of section
162(m), or such other date as may be specified under final regulations promulgated pursuant to section 409A of the Code. The grantee shall have no rights in respect of such book account and the amount credited thereto shall not be transferable by
the grantee other than by will or laws of descent and distribution. The Committee may credit additional amounts to such book account as it may determine in its sole discretion. Any book account created hereunder shall represent only an unfunded,
unsecured promise by the Company to pay the amount credited thereto to the grantee in the future. 
  

	3.9	Certain Agreements  

 (a) Stockholders Agreement. The Committee may require as a condition to the receipt of shares of Common Stock pursuant to an award under this Plan that the grantee or any other person receiving
shares pursuant to the award execute and become a party to the Second Amended and Restated Stockholders Agreement, effective as of January 11, 2007, and the Amended and Restated Investor Rights Agreement, effective as of January 11, 2007
,or such other stockholders agreements, investors rights agreements or other documentation which shall set forth certain restrictions on transferability of the shares of Common Stock acquired pursuant to such award and such other terms as the Board
or Committee shall from time to time establish. 
 (b) Underwriting Agreement. Each grantee or other person receiving
shares in respect of an award, if requested by the Company and the lead underwriter of any underwritten public offering of the Common Stock (the “Lead Underwriter”), shall irrevocably agree not to sell, contract to sell, grant

  
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any option to purchase, transfer the economic risk of ownership in, make any short sale of, pledge or otherwise transfer or dispose of, any interest in any Common Stock or any securities
convertible into, derivative of, or exchangeable or exercisable for, or any other rights to purchase or acquire Common Stock (except Common Stock included in such public offering or acquired on the public market after such offering) during such
period of time following the effective date of a registration statement of the Company filed under the Securities Act of 1933 (the “Securities Act”), as amended, that the Lead Underwriter shall specify (the “Lock-up Period”). The
grantee or such other person shall further agree to sign such documents as may be requested by the Lead Underwriter to effect the foregoing and agree that the Company may impose stop-transfer instructions with respect to Common Stock acquired in
respect of an award until the end of such Lock-up Period. 
  

	3.10	Employment Provisions  

 (a) Right of Discharge Reserved. Nothing in the Plan or in any award certificate shall confer upon any grantee the right to continue employment with the Company or affect any right which the
Company may have to terminate such employment. 
 (b) Confidentiality. The acceptance of an award by a grantee shall be
deemed to be a covenant by the grantee that he or she will not disclose to anyone outside the Company or its affiliates, or use in any manner other than in the furtherance of the Company’s or its affiliate’s business, without written
authorization from the Company, any confidential information or proprietary information relating to the business of the Company or its affiliates that is acquired by a grantee prior to the grantee’s termination of employment. 

 

	3.11	Nature of Payments  

 (a) Consideration for Services Performed. Any and all grants of awards and issuances of shares of Common Stock under the Plan shall be in consideration of services performed for the Company by the
grantee. 
 (b) Not Taken into Account for Benefits. All such grants and issuances shall constitute a special incentive
payment to the grantee and shall not be taken into account in computing the amount of salary or compensation of the grantee for the purpose of determining any benefits under any pension, retirement, profit-sharing, bonus, life insurance or other
benefit plan of the Company or under any agreement between the Company and the grantee, unless such plan or agreement specifically otherwise provides. 
  

	3.12	Non-Uniform Determinations  

 The Committee’s determinations under the Plan need not be uniform and may be made by it selectively among persons who receive, or who are eligible to receive, awards under the Plan (whether or not
such persons are similarly situated). Without limiting the generality of the foregoing, the Committee shall be entitled, among other things, to make non-uniform and selective determinations, and to enter into non-uniform and selective award
certificates, as to (a) the persons to receive awards under the Plan, (b) the terms and provisions of awards under the Plan, and (c) the treatment of leaves of absence pursuant to Section 1.6(c). 

 

	3.13	Severability of Provisions  

 If any provision of this Plan shall be held invalid or unenforceable, such invalidity or unenforceability shall not affect any other provisions hereof, and this Plan shall be construed and enforced as if
such provisions had not been included. 

  
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	3.14	Securities Act Compliance  

 Except as the Company or Committee shall otherwise determine, prior to the completion of an underwritten public offering, this Plan is intended to comply with Section 4(2) or Rule 701 under the
Securities Act, and any provisions inconsistent with such Section or Rule of the Securities Act shall be inoperative and shall not affect the validity of the Plan. 
  

	3.15	Other Payments or Awards  

 Nothing contained in the Plan shall be deemed in any way to limit or restrict the Company from making any award or payment to any person under any other plan, arrangement or understanding, whether now
existing or hereafter in effect. 
  

	3.16	Headings  

 Any section, subsection, paragraph or other subdivision headings contained herein are for the purpose of convenience only and are not intended to expand, limit or otherwise define the contents of such
subdivisions. 
  

	3.17	Effective Date and Term of Plan  

 (a) Adoption; Stockholder Approval. The Plan was adopted by the Board on January 25, 2007, subject to approval by the Company’s stockholders. All awards under the Plan prior to such
stockholder approval are subject in their entirety to such approval. If such approval is not obtained prior to the first anniversary of the date of adoption of the Plan, the Plan and all awards thereunder shall terminate on that date. 

(b) Termination of Plan. Unless sooner terminated by the Board or pursuant to paragraph (a) above, the provisions of the Plan
respecting the grant of any award pursuant to which shares of Common Stock will be granted shall terminate on June 30, 2012, and no such awards shall thereafter be made under the Plan. All awards made under the Plan prior to the termination of
the Plan shall remain in effect until such awards have been satisfied or terminated in accordance with the terms and provisions of the Plan and the applicable award certificates. 

 

	3.18	Restriction on Issuance of Stock Pursuant to Awards 

The Company shall not permit any shares of Common Stock to be issued pursuant to awards granted under the Plan unless such shares of
Common Stock are fully paid and non-assessable, within the meaning of Section 152 of the Delaware General Corporation Law, except as otherwise permitted by Section 153(c) of the Delaware General Corporation Law. 

 

	3.19	Governing Law  

 Except to the extent preempted by any applicable federal law, the Plan will be construed and administered in accordance with the laws of the State of Delaware, without giving effect to principles of
conflict of laws. 

  
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