Document:

Amended and Restated Employment Agreement

 Exhibit 10.42 
 AMENDED AND RESTATED EMPLOYMENT AGREEMENT 
 This Employment Agreement originally made as of
September 19, 2006 by and between Lionbridge Technologies, Inc., a Delaware corporation (the “Company”), and Rory J. Cowan (the “Executive”) is hereby amended and restated in its entirety as of October 31, 2008.

 WHEREAS, pursuant to the Employment Agreement dated as of December 23, 1996 and the amended and restated Employment Agreement dated
as of September 19, 2006 (the “2006 Agreement”), the Executive has served as Chairman of the Board and Chief Executive Officer of the Company for more than eleven years; and 
 WHEREAS, the Company and the Executive wish to amend and restate the 2006 Agreement to comply with and meet the requirements of the provisions of
Section 409A of the Internal Revenue Code of 1986, as amended (the “Code”); 
 NOW, THEREFORE, the parties agree that the 2006
Agreement is hereby amended and restated in its entirety as follows: 
 1. EMPLOYMENT. Subject to the terms and conditions set forth in this
Agreement, the Company shall continue to employ the Executive as Chief Executive Officer and the Executive agrees to continue to be so employed. 
 2. TERM. The term of the Executive’s employment hereunder (the “Term”) shall commence on the date hereof and continue until the first to occur of the expiration of the Term (as defined below) or the termination of the
Executive’s employment in accordance with Section 5 of this Agreement. “Term” shall mean the period commencing as of the date hereof and continuing in effect through September 30, 2010; provided that on October 1, 2009
and each October 1 thereafter, the Term shall be automatically extended for one additional year unless, not later than one year prior to the scheduled expiration of the Term (or any extension thereof), either party shall have given the other
party written notice that the Term will not be extended. A termination of this Agreement that results because the Executive gives notice that he declines to extend the Term shall be treated for all purposes hereunder as a termination of employment
described in Section 5.5. A termination of this Agreement that results because the Company gives notice that it declines to extend the Term shall be treated for all purposes hereunder as a termination by the Company other than for Cause
described in Section 5.4. 
 3. CAPACITY AND PERFORMANCE. 
 3.1 OFFICES. During the Term, the Executive shall serve the Company as President and Chief Executive Officer of the Company. In such capacity, the Executive will be responsible for day-to-day operations of the Company
as well as the Company’s strategic direction. In addition, subject to election by the stockholders of the Company, the Executive shall serve as a member of the Company’s Board of Directors (the “Board”) and as a director of one
or more of the Company’s subsidiaries. The Executive shall be subject to the direction of, and shall have such other powers, duties and responsibilities consistent with the Executive’s position as President and Chief Executive Officer as
may from time to time be prescribed by, the Board. 
 3.2 PERFORMANCE. During the Term, the Executive shall be employed by the Company and
shall perform and discharge (faithfully, diligently and to the best of his ability) such duties and responsibilities on behalf of the Company and its subsidiaries as may be designated from time to time by the Board which are consistent with the
Executive’s position as President and Chief Executive Officer. The Executive shall devote substantially all of his time, attention and energies to the business of the Company and shall not engage in any other business activity or activities,
whether or not such business activity is pursued for gain, profit or other pecuniary advantage, that, in the reasonable judgment of the Board may conflict with the proper performance of the Executive’s duties under this Agreement.
Notwithstanding the foregoing, except as may be set forth in Article 9 of this Agreement, nothing herein shall be construed as preventing the Executive from engaging in the following activities, provided such activities do not conflict with the
proper performance of the Executive’s duties for the Company or have an adverse effect on the Company: (a) investing the personal assets of the Executive and his family; (b) serving on the board of directors or similar governing body
of any other company, but only, in the case of a for-profit company, if such service is approved by the Board, such approval not to be unreasonably withheld (it being agreed that the current service by the Executive on any other board of directors
is deemed approved); or (c) engaging in religious, charitable, trade association, or other community or non-profit activities. 
 4.
COMPENSATION AND BENEFITS. As compensation for all services performed by the Executive under this Agreement, during the Term, the Executive shall be entitled to the following compensation and benefits: 
 4.1 BASE SALARY. The Company shall pay the Executive a base salary at the initial rate of $550,000 per year, payable in accordance with the payroll
practices of the Company for its executives and subject to annual increases (based on an annual review) by the Board in its sole discretion. Such base salary, as from time to time increased, is hereafter referred to as the “Base Salary.”
The Base Salary shall not be decreased without the Executive’s prior written consent, except for a reduction of Base Salary in connection with a cost cutting program under which the Base Salaries of all senior officers are reduced. 

 4.2 BONUS COMPENSATION. Each year the Company shall provide the Executive with a target annual bonus
opportunity of 100% of Base Salary based on performance goals mutually agreeable to the Executive and the Nominating and Compensation Committee of the Board. 
 4.3 STOCK/OPTIONS. The Company will recommend to the Board that the Executive receive annual grants of stock, stock options, and stock rights pursuant to such restricted stock, stock option, stock right and similar
agreements and plans as the Company may have in effect from time to time in amounts and on terms reasonably commensurate to those previously awarded to the Executive and no less favorable (including with regard to vesting) than those afforded to any
other executive employee of the Company in connection with the Company’s annual equity grant program as it may then exist. 
 4.4
VACATIONS. The Executive shall be entitled to five (5) weeks of vacation per annum, to be taken at such times and intervals as shall be determined by the Executive in his reasonable discretion. The Executive may not accumulate or carry over
from one calendar year to another any unused, accrued vacation time. The Executive shall not be entitled to compensation for vacation time not taken, except as required by law upon termination of employment. 
 4.5 LIFE INSURANCE. The Company will provide the Executive with life insurance for which the Executive may designate the beneficiary or beneficiaries in
a face amount of no less than the greater of (a) two times his Base Salary or (b) the highest amount provided to any other executive employee of the Company. 
 4.6 OTHER BENEFITS. Subject to any contribution therefor generally required of executives of the Company, the Executive shall be entitled to participate in all employee benefits plans (other than any profit sharing or
bonus compensation programs) from time to time adopted by the Board and in effect for executives of the Company generally, except to the extent such plans are in a category of benefit otherwise provided to the Executive. Such participation shall be
subject (a) the terms of the applicable plan documents, (b) generally applicable Company policies and (c) the discretion of the Board or any administrative or other committee provided for in or contemplated by such plan. The Company
may alter, modify, add to or delete its employee benefits plans at any time as the Board, in its sole judgment, determines to be appropriate. 
 4.7 BUSINESS EXPENSES. The Company shall pay or reimburse the Executive for all reasonable business expenses incurred or paid by the Executive in the performance of his duties and responsibilities hereunder, subject to (a) any expense
policy of the Company set by the Board from time to time, and (b) such reasonable substantiation and documentation requirements as may be specified by the Board from time to time. 
 5. TERMINATION OF EMPLOYMENT AND SEVERANCE BENEFITS. The Executive’s employment hereunder shall terminate under the circumstances set forth in this
Section 5. The fiscal year in which termination of the Executive’s employment is effective is sometimes referred to herein as the “Termination Year.” 
 5.1 DEATH. In the event of the Executive’s death during the Term, the Executive’s employment hereunder shall immediately and automatically terminate and the Company shall pay to the Executive’s
designated beneficiary or, if no beneficiary has been designated by the Executive, to his estate (a) any Base Salary earned but unpaid through the date of death, payable no later than the next regularly scheduled pay date following the date of
death, (b) any unpaid portion of the Bonus for the fiscal year preceding the Termination Year that was earned but has not yet been paid, payable at the times the Company pays its other executives such bonuses in accordance with its general
payroll policies, and (c) a Bonus with respect to the Termination Year, payable within thirty (30) days after the date of death, in an amount determined by multiplying the Bonus that was payable to the Executive with respect to the fiscal
year immediately preceding the Termination Year by a fraction, the denominator of which shall be 365 and the numerator of which shall be the number of days during the Termination Year in which the Executive was employed by the Company. After the end
of the fiscal year of the Company in which the Executive’s employment is terminated by reason of his death, the Board shall determine the amount of the bonus that would have been paid to the Executive if the Executive had been employed for the
entire fiscal year and shall multiply that amount by the fraction set forth in clause (c) of the preceding sentence. If the result of such calculation exceeds the amount paid to the Executive under said clause (c), the Company shall pay the
amount of the excess to the Executive’s designated beneficiary or, if no beneficiary has been designated by the Executive, to his estate, as soon as administratively feasible after such amount is determined. 

 5.2 DISABILITY. 
 5.2.1 The Company may terminate the Executive’s employment hereunder, upon notice to the Executive, in the event that the Executive is unable to perform the essential functions of his job either with or without
reasonable accommodation on account of a Disability. For purposes of this Agreement, a “Disability” means that the Executive: (i) is unable to engage in any substantial gainful activity by reason of any medically determinable physical
or mental impairment that can be expected to result in death or can be expected to last for a continuous period of not less than 12 months; or (ii) by reason of any medically determinable physical or mental impairment that can be expected to
result in death or can be expected to last for a continuous period of not less than 12 months, receiving income replacement benefits for a period of not less than three months under the Company’s accident and health plan. The Board may
designate another employee to act in the Executive’s place during any period of the Executive’s Disability. 
 5.2.2 Through the
effective date of any termination pursuant to Section 5.2.1, the Executive shall continue to receive his compensation and benefits pursuant to Section 4 as though he were not Disabled, including his Bonus; provided, however, that
the amount of such Bonus shall be no less than the Bonus paid to the Executive with respect to the fiscal year immediately preceding the fiscal year in which the Executive first became Disabled; and provided, further, that in the Termination
Year, the Executive’s bonus shall be pro rated by multiplying the amount of the Bonus that he would otherwise receive hereunder by a fraction, the denominator of which shall be 365 and the numerator of which shall be the number of days
during the Termination Year in which the Executive was employed by the Company. 
 5.2.3 Within thirty (30) days after the effective
date of any termination pursuant to Section 5.2.1, the Company shall pay the Executive a single lump sum cash payment in an amount equal to the sum of (a) the Executive’s annual Base Salary at the rate in effect at the time of
termination plus (b) an amount equal to the amount of the Bonus paid to the Executive with respect to the fiscal year immediately preceding the fiscal year in which the Executive first became Disabled. If the Company’s disability insurance
carrier approves the Executive for disability benefits, then the Company’s obligation shall be to pay the Executive a single lump sum supplemental payment that equals the excess of the amount set forth in the preceding sentence over the amount
of disability insurance payable over the 12 months following termination of employment. 
 5.3 BY THE COMPANY FOR CAUSE. 
 5.3.1 The Company may terminate the Executive’s employment hereunder for Cause at any time upon notice to the Executive setting forth in reasonable
detail the nature of such Cause. Only the following events or conditions shall constitute “Cause” for termination: (a) fraud, embezzlement or other act of dishonesty by the Executive that causes material injury to the Company or any
of its affiliates, (b) conviction of, or plea of nolo contendere to, any felony involving dishonesty or moral turpitude, or (c) a failure by the Executive, other than by reason of death or disability, to take or refrain from taking any
corporate action consistent with his duties as the President and Chief Executive Officer as specified in written directions of the Board following receipt by the Executive of such written directions which such failure is not cured within 30 days
after written notice that failure to take or refrain from taking such action shall constitute “Cause” for purposes hereof. 
 5.3.2 Upon the giving of notice of termination of the Executive’s employment hereunder for Cause, the Company shall pay the Executive (a) any Base Salary earned but unpaid through the date of termination, payable no later than the
effective date of termination, and (b) any Bonus for the fiscal year preceding the Termination Year that was earned but has not yet been paid, payable at the times the Company pays its other executives such bonuses in accordance with its
general payroll policies. After payment of such amounts, the Company shall have no further obligation or liability to the Executive relating to the Executive’s employment hereunder, or the termination thereof including any Bonus amounts for the
Termination Year. 
 5.4 BY THE COMPANY OTHER THAN FOR CAUSE. 
 5.4.1 The Company may terminate the Executive’s employment hereunder other than for Cause at any time upon notice to the Executive. 
 5.4.2 In the event of any termination pursuant to Section 5.4.1, the Company shall pay the Executive (a) any Base Salary earned but unpaid through the date of termination, payable on the effective date of
termination, (b) any unpaid portion of any Bonus for the fiscal year preceding the Termination Year that was earned but has not been paid, payable at the times the Company pays its other executives such bonuses in accordance with its general
payroll policies, and (c) a Bonus with respect to the Termination Year, payable within thirty (30) days after the effective date of termination, in an amount determined by multiplying the Bonus that was payable to the Executive with
respect to the fiscal year immediately preceding the Termination Year by a fraction, the denominator of which shall be 365 and the numerator of which shall be the number of days during the Termination Year in which the Executive was employed by the
Company. 
 5.4.3 Within thirty (30) days after the effective date of any termination pursuant to Section 5.4.1, the Company shall
pay the Executive a single lump sum in cash in an amount equal to 100% times the sum of (a) the Executive’s Base Salary at the rate in effect at the effective date of termination, plus (b) the amount of the Bonus payable to the
Executive with respect to the fiscal year immediately preceding the Termination Year. 

 5.4.4 After the end of the fiscal year of the Company in which the Executive’s employment is
terminated, the Board shall determine the amount of the bonus that would have been paid to the Executive if the Executive had been employed for the entire fiscal year and shall multiply that amount by the fraction set forth in clause (c) of
Section 5.4.2. If the result of such calculation exceeds the amount paid to the executive under said clause (c), the Company shall pay the amount of the excess to the Executive as soon as administratively feasible after such amount is
determined. 
 5.5 TERMINATION BY EXECUTIVE WITHOUT GOOD REASON. The Executive may terminate the Executive’s employment hereunder at any
time upon thirty (30) days prior written notice to the Company. Upon such termination, the Executive shall be entitled to receive (a) any Base Salary earned but unpaid through the date of termination, payable no later than the next
regularly scheduled payroll following termination, (b) any unpaid portion of any Bonus for the fiscal year preceding the Termination Year that was earned but has not yet been paid, at the times the Company pays it executives bonuses in
accordance with its general payroll policies, and (c) a Bonus with respect to the Termination Year, payable within thirty (30) days after the effective date of termination, in an amount determined by multiplying the Bonus that was payable
to the Executive with respect to the fiscal year immediately preceding the Termination Year by a fraction, the denominator of which shall be 365 and the numerator of which shall be the number of days during the Termination Year in which the
Executive was employed by the Company. 
 5.6 TERMINATION BY EXECUTIVE WITH GOOD REASON. 
 5.6.1 The Executive may terminate his employment hereunder at any time with Good Reason upon notice to the Company setting forth in reasonable detail the
nature of such Good Reason. Any of the following events shall constitute Good Reason, unless the Executive has expressly consented to such event in writing; provided, however, that no such event shall be deemed to constitute Good Reason if, within
30 days after the receipt by the Company of such notice, such event has been fully corrected and the Executive has been reasonably compensated for any losses or damages resulting therefrom: 
  

	 	(a)	The failure of the shareholders of the Company to elect the Executive as a Director of the Company or to continue the Executive in such office; 

  

	 	(b)	a material adverse change made by the Company in the Executive’s title, functions, duties, reporting requirements or responsibilities; 

  

	 	(c)	a reduction by the Company in the Executive’s Base Salary as the same may be increased from time to time, except for a reduction that occurs in connection with a cost cutting
program under which the Base Salaries of all senior officers are reduced; 

  

	 	(d)	a reduction in the Executive’s target annual bonus opportunity below 100% of Base Salary; 

  

	 	(e)	a material reduction in the package of fringe benefits provided to the Executive as of the date hereof, taken as a whole, or the elimination of any material fringe benefit provided
to the Executive as of the date hereof; 

  

	 	(f)	the failure by the Company to provide the Executive with facilities, equipment and administrative support sufficient to enable him to properly perform his duties and
responsibilities; 

  

	 	(g)	the change in the principal location at which the Executive performs his duties to a location that is more than fifty (50) miles from the Executive’s current location; or

  

	 	(h)	any material breach of this Agreement by the Company. 

 5.6.2 In the event of any termination pursuant to Section 5.6.1, the Company shall pay the Executive (a) Base Salary earned but unpaid through the date of termination, payable no later than the next regularly scheduled pay day
following the effective date of termination; (b) any unpaid portion of any Bonus for the fiscal year preceding the Termination Year that was earned but has not been paid, payable at the times the Company pays its other executives such bonuses
in accordance with its general payroll policies, and (c) a Bonus with respect to the Termination Year, payable within thirty (30) days after the effective date of termination, in an amount determined by multiplying the Bonus that was
payable to the Executive with respect to the fiscal year immediately preceding the Termination Year by a fraction, the denominator of which shall be 365 and the numerator of which shall be the number of days during the Termination Year in which the
Executive was employed by the Company. 

 5.6.3 Within thirty (30) days after the effective date of any termination pursuant to
Section 5.6.1, the Company shall pay the Executive a single lump sum in cash in an amount equal to 100% times the sum of (a) the Executive’s Base Salary in effect at the effective date of termination, plus (b) the amount of the
Bonus payable to the Executive with respect to the fiscal year immediately preceding the Termination Year. 
 5.6.4 After the end of the
fiscal year of the Company in which the Executive’s employment is terminated, the Board shall determine the amount of the bonus that would have been paid to the Executive if the Executive had been employed for the entire fiscal year and shall
multiply that amount by the fraction set forth in clause (c) of Section 5.6.2. If the result of such calculation exceeds the amount paid to the executive under said clause (c), the Company shall pay the amount of the excess to the
Executive as soon as administratively feasible after such amount is determined. 
 5.7 ADDITIONAL COMPENSATION. In the event of the
termination of the Executive’s employment for any reason, other than a termination by the Company with Cause or a termination by the Executive without Good Reason: 
 5.7.1 the Company shall pay the Company’s cost of coverage, at the level paid by the Company on the date of termination, for the Executive and any dependents under all group health plans maintained by the Company
during the entire period that such coverage is continued under COBRA; 
 5.7.2 except in the case of a termination due to the
Employee’s death, the Company shall continue all life, disability and other insurance benefits provided by the Company to the Executive at the time of termination for a period of two years following the effective date of termination, to the
extent permitted under the terms of such insurance plans. If any insurance plan does not permit the continuation of benefits following termination, the Company shall promptly reimburse the Executive for the cost of obtaining substitute insurance
upon comparable terms on a monthly basis; 
 5.7.3 if the Executive holds restricted stock, stock options, restricted stock units or similar
rights (“Stock Rights”) that vest solely upon the passage of time and which are, as of such date, not yet fully vested, then, notwithstanding the terms of the plan or agreement governing such Stock Rights, all such Stock Rights shall
immediately, and without any further action of the Company or the Executive whatsoever, become fully vested and exercisable; 
 5.7.4 if the
Executive holds Stock Rights that vest solely upon the achievement of goals other than the passage of time, each such Stock Right shall become vested in accordance with its terms; and 
 5.7.5 if such termination of employment occurs within 6 months before or 24 months after the occurrence of a Change of Control (as defined in Exhibit
A), then the severance benefit payable to the Executive under Section 5.4 or 5.6 shall be increased to a lump sum in cash in an amount equal to 200% times the sum of (a) the Executive’s Base Salary at the rate in effect at the
effective date of termination, plus (b) the amount of the bonus payable to the Executive with respect to the fiscal year immediately preceding the Termination Year. 
 5.8 PAYMENT IN FULL. Payment by the Company of any amounts that may be due the Executive under the applicable termination provision of Section 5 shall constitute the entire obligation of the Company to the
Executive, except that nothing in this Section 5.8 is intended or shall be construed to affect the rights and obligations of the Company and its affiliates, on the one hand, and the Executive, on the other, with respect to any loans, stock
pledge arrangements, option plans or other agreements to the extent said rights or obligations survive termination of employment under the provision of documents relating thereto. Acceptance by the Executive of performance by the Company shall
constitute full settlement of any claim that the Executive might otherwise assert against the Company, its affiliates or any of their respective shareholders, partners, directors, officers, employees or agents relating to such termination.

 5.9 SURVIVAL OF CERTAIN PROVISIONS. Provisions of this Agreement shall survive any termination if so provided herein or if necessary or
desirable fully to accomplish the purposes of such provision, including, without limitation, the obligations of the Executive under Article 9 hereof and the Employee Non-Disclosure and Developments Agreement (the “Non-Disclosure
Agreement”), dated as of December 23, 1996, by and between the Executive and the Company. The obligation of the Company to make severance payments to or on behalf of the Executive under this Section 5 hereof is expressly conditioned
upon the Executive’s continued full performance of obligations under the terms of Article 9 hereof and the Non-Disclosure Agreement. The Executive recognizes that, except as expressly provided in this Section 5, no compensation is earned
after termination of employment. 

 5.10 FURTHER ASSURANCES. In no event shall the amounts payable to the Executive under this Section 5
be less generous than the amounts that would be payable to any other senior executive of the Company under comparable circumstances. 
 6.
CONFLICTING AGREEMENTS. The Executive hereby represents and warrants that the execution of this Agreement and the performance of his obligations hereunder will not breach or be in conflict with any other agreement to which or by which the Executive
is a party or is bound and that the Executive is not now subject to any covenants against competition or similar covenants that would affect the performance of his obligations hereunder. The Executive will not disclose to or use on behalf of the
Company or any of its affiliates any proprietary information of a third party without such party’s consent. 
 7. WITHHOLDING. All
payments made by the Company under this Agreement shall be reduced by any tax or other amounts required to be withheld by the Company under applicable law. 
 8. GROSS UP. 
 8.1 GENERAL. In the event that any amount payable to the Executive hereunder or under or any
other plan, arrangement, or agreement with the Company or any affiliated company (a “Payment”) is subject to any penalty, excise tax or similar charge imposed by law, including without limitation, pursuant to Section 4999 of the
Internal Revenue Code of 1986, as amended (the “Code”), and/or any interest or penalties are incurred by the Executive with respect to any such penalty, excise tax or similar charge (such penalty, excise tax or similar charge, together
with any such interest and penalties, is hereinafter collectively referred to as the “Excise Tax”), the Company shall pay to or on behalf of the Executive an additional payment or payments (collectively, the “Gross-up Payment’)
such that the net amount received and retained by the Executive after deduction from such Payment (a) such Excise Tax and (b) any federal, state or local income or payroll tax (including any Excise Tax) on the Gross-Up Payment, shall equal
the amount of the Payment prior to imposition of such Excise Tax. For purposes of calculating the Gross-Up Payment, the Executive shall be deemed to pay income taxes at the highest applicable marginal rate of federal, state or local income taxation
for the calendar year in which the Gross-up Payment is to be made. The Gross-Up Payment, if any, shall be paid to the relevant tax authorities as withholding taxes on behalf of the Executive at such time or times when each Excise Tax payment is
required to be paid. 
 8.2 EXCEPTION FOR SECTION 4999 GROSS-UP. Notwithstanding the provisions of Section 8.1, in the case of any
Payment that is subject to an Excise Tax under Section 4999 of the Code, if reducing the amount of the Payment by up to 10% would prevent the Executive from being liable for the Excise Tax under said Section 4999, then the Company may
elect to so reduce the amount of such Payment. The Company shall reduce the amount of the Payment by the smallest amount necessary to prevent the Executive from becoming liable for such Excise Tax. In such event, the Payment shall be reduced in the
following order: (1) cash payments not subject to Section 409A of the Code; (2) cash payments subject to Section 409A of the Code; (3) equity-based payments and acceleration; and (4) non-cash forms of benefits. To the
extent any Payment is to be made over time (e.g., in installments, etc.), then the Payments shall be reduced in reverse chronological order. 
 8.3 SECTION 409A COMPLIANCE. 
 8.3.1 Anything in this Agreement to the contrary notwithstanding, if at the time of the
Executive’s separation from service within the meaning of Section 409A of the Code, the Company determines that the Executive is a “specified employee” within the meaning of Section 409A(a)(2)(B)(i) of the Code, then to the
extent any payment or benefit that the Executive becomes entitled to under this Agreement on account of the Executive’s separation from service would be considered deferred compensation subject to the 20 percent additional tax imposed pursuant
to Section 409A(a) of the Code as a result of the application of Section 409A(a)(2)(B)(i) of the Code, such payment shall not be payable and such benefit shall not be provided until the date that is the earlier of (A) six months and
one day after the Executive’s separation from service, or (B) the Executive’s death (the “New Payment Date”). The aggregate of any payments that otherwise would have been paid to the Executive during the period between the
date of termination and the New Payment Date shall be paid to the Executive in a lump sum on such New Payment Date. Thereafter, any payments that remain outstanding as of the day immediately following the New Payment Date shall be paid without delay
over the time period originally scheduled, in accordance with the terms of this Agreement. 
 8.3.2 The parties acknowledge and agree that
the interpretation of Section 409A and its application to the terms of this Agreement is uncertain and may be subject to change as additional guidance and interpretations become available. Anything to the contrary herein notwithstanding, all
benefits or payments provided by the Company to the Executive that would be deemed to constitute “nonqualified deferred compensation” within the meaning of Section 409A are intended to comply with Section 409A. If, however, any
such benefit or payment is deemed to not comply with Section 409A, the Company and the Executive agree to renegotiate in good faith any such benefit or payment (including, without limitation, as to the timing of any severance payments payable
hereunder) so that either (i) Section 409A will not apply or (ii) compliance with Section 409A will be achieved; provided, however, that any resulting renegotiated terms shall provide to the Executive the after-tax
economic equivalent of what otherwise has been provided to the Executive pursuant to the terms of this Agreement, and provided further, that any deferral of payments or other benefits shall be only for such time period as may be
required to comply with Section 409A. 

 8.3.3 If, notwithstanding the preceding provisions of this Section 8.3, any payment, award, benefit
or distribution (or any acceleration of any payment, award, benefit or distribution) (the “Payments”) made or provided to the Executive or for his benefit in connection with this Agreement or the Executive’s employment with the
Company or the termination thereof, are determined to be subject to the tax imposed by Section 409A(a)(1)(B) or any interest or penalties with respect to such taxes (such taxes, together with any such interest and penalties, are collectively
referred to as the “Section 409A Tax”), then the Company will pay to the Executive, on or within ten (10) calendar days after any such amount is required to be paid or withheld, an additional amount (a “Gross-Up Payment”)
such that the net amount the Executive retains after paying any applicable Section 409A Tax and any federal, state or local income or FICA taxes on such Gross-Up Payment shall be equal to the amount the Executive would have received if the
Section 409A Tax were not applicable to the Payments. For purposes of determining the amount of the Gross-Up Payment, if any, the Executive will be deemed to pay federal income tax at the highest marginal rate of federal income taxation in the
calendar year in which the Payments are made and state and local income taxes at the highest marginal rate of taxation in the state and locality of the Executive’s residence on the date the Payments are made, net of the maximum reduction in
federal income taxes that could be obtained from deduction of such state and local taxes. If the Section 409A Tax is determined by the Internal Revenue Service, on audit or otherwise, to exceed the amount taken into account hereunder in
calculating the Gross-Up Payment (including by reason of any payment the existence or amount of which cannot be determined at the time of the Gross-Up Payment), the Company must make another Gross-Up Payment with respect to such excess (plus any
interest, penalties or additions payable by the Executive with respect to such excess) within ten (10) calendar days immediately following the date that the amount of such excess is required to be paid or withheld. The Company and the Executive
must each reasonably cooperate with the other in connection with any administrative or judicial proceedings concerning the existence or amount of liability for Section 409A Tax with respect to the total Payments. 
 8.3.4 The determination of whether and when a separation from service has occurred shall be made in accordance with the presumptions set forth in
Treasury Regulation Section 1.409A-1(h). 
 8.4 DETERMINATIONS. Determinations under this Section 8 will be made by the firm of
certified public accountants then serving as the Company’s auditor unless the Executive has reasonable objections to the use of that firm, in which case the determinations will be made by a comparable firm chosen by the Executive after
consultation with the Company. The determinations of such firm will be binding upon the Company and the Executive. The Company shall be responsible for all charges of such accountants. 
 9. NON-COMPETITION 
 9.1 The term of this
Article 9 shall be for a period commencing on the date hereof and ending 12 months from the date of termination of the Executive’s employment by the Company. 
 9.2 During the term of this Article 9, the Executive will not, without the Company’s prior written consent, directly or indirectly, alone or as a partner, joint venturer, officer, director, employee, consultant,
agent, independent contractor or stockholder of any company or business, engage or otherwise have a financial interest in any business activity which is directly or indirectly in competition in the United States, Belgium, People’s Republic
China, France, Ireland, Japan, Korea, The Netherlands, Taiwan, or any other geographic area where the business is being conducted or as proposed to be conducted with any of the products or services being developed, marketed, distributed, planned,
sold or otherwise provided by the Company at such time. The ownership by the Executive of not more than one percent of the shares of stock of any corporation having a class of equity securities actively traded on a national securities exchange or on
the Nasdaq Stock Market shall not be deemed, in and of itself, to violate the prohibitions of this paragraph. 
 9.3 During the term of this
Article 9, the Executive will not, directly or indirectly, employ, or knowingly permit any other company or business organization which employs the Executive or is directly or indirectly controlled by the Executive to employ, any person who is
employed by the Company at any time during the term hereof, or in any manner seek to induce any such person to leave his or her employment with the Company. 
 9.4 During the term of this Article 9, the Executive will not solicit or do business with, directly or indirectly, any present or past customer of the Company, or any prospective customer of the Company with whom the
Executive has had contact, in connection with any business activity which would violate any other provision of this Agreement. 
 9.5 The
Executive hereby represents that, except as the Executive has disclosed in writing to the Company, the Executive is not a party to, or bound by the terms of, any agreement with any previous employer or other party to refrain from using or disclosing
any trade secret or confidential or proprietary information in the course of the Executive’s employment with the Company or to refrain from competing, directly or indirectly, with the business of such previous employer or any other party. The
Executive 

 
further represent that the Executive’s performance of all the terms of this Agreement and as an employee of the Company does not and will not breach any
agreement to keep in confidence proprietary information, knowledge or data acquired by the Executive in confidence or in trust prior to the Executive’s employment with the Company, and the Executive will not disclose to the Company or induce
the Company to use any confidential or proprietary information or material belonging to any previous employer or others. 
 9.6 The Executive
agree that the breach of the provisions of this Article 9 by the Executive will cause irreparable damage to the Company and that in the event of such breach the Company shall have, in addition to any and all remedies of law, the right to an
injunction, specific performance or other equitable relief to prevent the violation of the Executive’s obligations hereunder. 
 9.7 The
Executive hereby agree that each provision of this Article 9 shall be treated as a separate and independent clause, and the unenforceability of any one clause shall in no way impair the enforceability of any of the other clauses herein. Moreover, if
one or more of the provisions contained in this Article 9 shall for any reason be held to be excessively broad as to scope, activity or subject so as to be unenforceable at law, such provision or provisions shall be construed by the appropriate
judicial body by limiting and reducing it or them, so as to be enforceable to the maximum extent compatible with the applicable law as it shall then appear. 
 9.8 For purposes of this Article 9, the term “Company” shall include Lionbridge Technologies, Inc., and any subsidiaries, subdivisions or affiliates. 
 10. MISCELLANEOUS. 
 10.1 REPRESENTATION BY
THE COMPANY. The Company represents and warrants that (a) the Company has full power and authority to enter into and perform its obligations under this Agreement, (b) this Agreement has been duly authorized by all necessary action of the
Company, including by the Compensation Committee and any other committee of the Board of Directors of the Company with authority over any matter set forth in this Agreement, and (c) this Agreement constitutes the legal, valid and binding
obligation of the Company, enforceable against the Company in accordance with its terms. 
 10.2 ASSIGNMENT. Neither the Company nor the
Executive may make any assignment of this Agreement or any interest herein (provided, however, that nothing contained herein shall be construed to place any limitation or restriction on the transfer of the Company’s Common Stock in addition to
any restrictions set forth in the Company’s Restated Certificate of Incorporation or any stockholder agreement applicable to the holders of such shares), by operation of law or otherwise, without the prior written consent of the other;
provided, however, that the Company may assign its rights and obligations under this Agreement without the consent of the Executive in the event that the Company shall hereafter affect a reorganization, consolidate with, or merge into, any other
entity or transfer all or substantially all of its properties or assets to any other entity, in which event such entity shall be deemed the “Company” hereunder for all purposes; provided that, as a condition to any such assignment, such
successor entity shall assume all of the obligations of the Company pursuant to this Agreement and shall agree to be bound thereby. This agreement shall inure to the benefit of and be binding upon the Company and the Executive, and their respective
successors, executors, administrators, heirs and permitted assigns. 
 10.3 SEVERABILITY. If any portion or provision of this Agreement shall
to any extent be declared illegal or unenforceable by a court of competent jurisdiction, then the application of such provision in such circumstances shall be deemed modified to permit its enforcement to the maximum extent permitted by law, and both
the application of such portion or provision in circumstances other than those as to which it is so declared illegal or unenforceable and the remainder of this Agreement shall not be affected thereby, and each portion and provision of this Agreement
shall be valid and enforceable to the fullest extent permitted by law. 
 10.4 WAIVER; AMENDMENT. No waiver or any provision hereof shall be
effective unless made in writing and signed by the waiving party. The failure of either party to require the performance of any term or obligation of this Agreement, or the waiver by either party of any breach of this Agreement, shall not prevent
any subsequent enforcement of such term or obligation or be deemed a waiver of any subsequent breach. This Agreement may be amended or modified only by a written instrument signed by the Executive and the Company. 
 10.5 NOTICES. Any and all notices, requests, demands and other communications provided for by this Agreement shall be in writing and shall be effective
when delivered in person or two business days after being deposited in the United States mail, postage prepaid, registered or certified, and addressed (a) in the case of the Executive, to: 
 Mr. Rory J. Cowan 
 President

 Lionbridge Technologies, Inc. 
 281 Fairhaven Hill Road 
 Concord, Massachusetts 01742 

 or, (b) in the case of the Company, at its principal place of business and to the attention of Board of Directors;
or to such other address as either party may specify by notice to the other. 
 10.6 ENTIRE AGREEMENT. This Agreement constitutes the entire
agreement between the parties with respect to the terms and conditions of the Executive’s employment and, except as otherwise provided herein, supersedes all prior communications, agreements and understandings, written or oral, with the Company
or any of its affiliates or predecessors with respect to the terms and conditions of the Executive’s employment, including, without limitation, the 2006 Agreement and that certain Change in Control Agreement dated as of July 14, 2003 by
and between the Executive and the Company and the Company’s Change of Control Plan. Notwithstanding the provisions of the preceding sentence, this Agreement does not supersede any agreement between the Executive and the Company regarding
non-disclosure and developments, including without limitation, the Non-Disclosure Agreement. 
 10.7 HEADINGS. The headings and captions in
this Agreement are for convenience only and in no way define or describe the scope or content of any provision of this Agreement. 
 10.8
COUNTERPARTS. This Agreement may be executed in two counterparts, each of which shall be original and both of which together shall constitute one and the same instrument. 
 10.9 GOVERNING LAW. This Agreement shall be governed by and construed in accordance with the domestic substantive laws of The Commonwealth of Massachusetts without giving effect to any choice or conflict of laws
provision or rule that would cause the application of the domestic substantive laws of any other jurisdiction. 
 10.10 CONSENT TO
JURISDICTION. Each of the Company and the Executive, by its or his execution hereof, (i) hereby irrevocably submits to the exclusive jurisdiction of the state courts of The Commonwealth of Massachusetts for the purpose of any claim or action
arising out of or based upon this Agreement or relating to the subject matter hereof, (ii) hereby waives, to the extent not prohibited by applicable law, and agrees not to assert by way of motion, as a defense or otherwise, in any such claim or
action, any claim that it is not subject personally to the jurisdiction of the above-named courts, that its property is exempt or immune from attachment or execution, that any such proceeding brought in the above-named courts is improper, or that
this Agreement or the subject matter hereof may not be enforced in or by such court, and (iii) hereby agrees not to commence any claim or action arising out of or based upon this Agreement or relating to the subject matter hereof other than
before the above-named courts nor to make any motion or take any other action seeking or intending to cause the transfer or removal of any such claim or action to any court other than the above-named courts whether on the grounds of inconvenient
forum or otherwise. Each of the Company and the Executive hereby consents to service of process in any such proceeding in any manner permitted by Massachusetts law, and agrees that service of process by registered or certified mail, return receipt
requested, at its address specified pursuant to Section 10.5 hereof is reasonably calculated to give actual notice. 

 IN WITNESS WHEREOF, this Agreement has been executed by the Company, by its duly authorized
representative, and by the Executive, as of the date first above written. 
  

			
	THE COMPANY
	
	LIONBRIDGE TECHNOLOGIES, INC.
		
	By:	 	 /s/ Margaret A. Shukur

	Name:	 	Margaret A. Shukur
	Title:	 	Vice President, General Counsel and Secretary
	
	THE EXECUTIVE
	
	 /s/ Rory J. Cowan

	Rory J. Cowan

 Exhibit A 
 “Change of Control” means the occurrence of any of the following events: 
 (1) any Person becomes the owner of 25% or more of the
Company’s Common Stock and a majority of the members of the Board of Directors make a determination that a change of control has occurred; or 
 (2) individuals who, as of the Effective Date, constitute the Board of Directors of the Company (the “Continuing Directors”) cease for any reason to constitute at least a majority of such Board; provided, however, that any
individual becoming a director after the Effective Date whose election or nomination for election by the Company’s shareholders, was approved by a vote of at least a majority of the Continuing Directors will be deemed to be a Continuing
Director, but excluding for this purpose any such 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 of Regulation 14A promulgated under the
Securities and Exchange Act of 1934 (the “Exchange Act”)) or other actual or threatened solicitation of proxies or consents by or on behalf of a Person other than the Board; or 
 (3) consummation of a reorganization, merger, consolidation or other transaction that will result in the transfer of ownership of more than 50% of the Company’s Common Stock; or 
 (4) liquidation or dissolution of the Company or sale of substantially all of the Company’s assets. 
 In addition, for purposes of this definition the following terms have the meanings set forth below: 
 “Common Stock” means the then outstanding Common Stock of the Company plus, for purposes of determining the stock ownership of any Person, the number of unissued shares of Common Stock which such Person has
the right to acquire (whether such right is exercisable immediately or only after the passage of time) upon the exercise of conversion rights, exchange rights, warrants or options or otherwise. Notwithstanding the foregoing, the term Common
Stock does not include shares of preferred stock or convertible debt or options or warrants to acquire shares of Common Stock (including any shares of Common Stock issued or issuable upon the conversion or exercise thereof) to the extent that the
Board expressly so determines in any future transaction or transactions. 
 A Person will be deemed to be the “owner” of any Common Stock of which
such Person would be the “beneficial owner,” as such term is defined in Rule 13d-3 promulgated by the Securities and Exchange Commission under the Exchange Act. 
 “Person” has the meaning used in Section 13(d) of the Exchange Act, except that “Person” does not include (i) the Executive, an Executive Related Party, or any group of which the
Executive or Executive Related Party is a member, or (ii) the Company or a wholly owned subsidiary of the Company or an employee benefit plan (or related trust) of the Company or of a wholly owned subsidiary. 
 An “Executive Related Party” means any affiliate or associate of the Executive other than the Company or a subsidiary of the Company. The terms
“affiliate” and “associate” have the meanings given in Rule 12b-2 under the Exchange Act; the term “registrant” in the definition of “associate” means, in this case, the Company.Exhibit 10.1

 Exhibit 10.1 
 INTELLON CORPORATION 
 2007 EQUITY INCENTIVE PLAN 
 1. Purposes of the Plan. The purposes of this Plan are: 
  

	 	•	 	 to attract and retain the best available personnel for positions of substantial responsibility, 

  

	 	•	 	 to provide additional incentive to Employees, Directors and Consultants, and 

  

	 	•	 	 to promote the success of the Company’s business. 

 The Plan permits the grant of Incentive Stock Options, Nonstatutory Stock Options, Restricted Stock, Restricted Stock Units, Stock Appreciation Rights, Performance Units and Performance Shares. 
 2. Definitions. As used herein, the following definitions will apply: 
 (a) “Administrator” means the Board or any of its Committees as will be administering the Plan, in accordance with Section 4 of the
Plan. 
 (b) “Applicable Laws” means the requirements relating to the administration of equity-based awards under U.S. state
corporate laws, U.S. federal and state securities laws, the Code, any stock exchange or quotation system on which the Common Stock is listed or quoted and the applicable laws of any foreign country or jurisdiction where Awards are, or will be,
granted under the Plan. 
 (c) “Award” means, individually or collectively, a grant under the Plan of Options, Stock
Appreciation Rights, Restricted Stock, Restricted Stock Units, Performance Units or Performance Shares. 
 (d) “Award
Agreement” means the written or electronic agreement setting forth the terms and provisions applicable to each Award granted under the Plan. The Award Agreement is subject to the terms and conditions of the Plan. 
 (e) “Award Transfer Program” means any program instituted by the Committee which would permit Participants the opportunity to transfer
any outstanding Awards to a financial institution or other person or entity approved by the Committee. 
 (f) “Board” means
the Board of Directors of the Company. 
 (g) “Change in Control” means the occurrence of any of the following events:

 (i) Any “person” (as such term is used in Sections 13(d) and 14(d) of the Exchange Act) becomes the “beneficial owner”
(as defined in Rule 13d-3 of the Exchange Act), directly or indirectly, of securities of the Company representing fifty percent (50%) or more of the total voting power represented by the Company’s then outstanding voting securities;

 (ii) The consummation of the sale or disposition by the Company of all or substantially all of the Company’s assets; 
 (iii) A change in the composition of the Board occurring, anytime after the Registration Date, and within a two (2)-year period, as a result of which
fewer than a majority of the directors are Incumbent Directors. “Incumbent Directors” means directors who either (A) are Directors as of the effective date of the Plan, or (B) are elected, or nominated for election, to the Board
with the affirmative votes of at least a majority of the Incumbent Directors at the time of such election or nomination (but will not include an individual whose election or nomination is in connection with an actual or threatened proxy contest
relating to the election of directors to the Company); or 
 (iv) The consummation of a merger or consolidation of the Company with any
other corporation, other than a merger or consolidation which would result in the voting securities of the Company outstanding immediately prior thereto continuing to represent (either by remaining outstanding or by being converted into voting

 
securities of the surviving entity or its parent) at least fifty percent (50%) of the total voting power represented by the voting securities of the
Company or such surviving entity or its parent outstanding immediately after such merger or consolidation. 
 (h) “Code”
means the Internal Revenue Code of 1986, as amended. Any reference to a section of the Code herein will be a reference to any successor or amended section of the Code. 
 (i) “Committee” means a committee of Directors or of other individuals satisfying Applicable Laws appointed by the Board in accordance with Section 4 hereof. 
 (j) “Common Stock” means the common stock of the Company. 
 (k) “Company” means Intellon Corporation, a Delaware corporation, or any successor thereto. 
 (l) “Consultant” means any person, including an advisor, engaged by the Company or a Parent or Subsidiary to render services to such entity. 
 (m) “Director” means a member of the Board. 
 (n) “Disability” means total
and permanent disability as defined in Section 22(e)(3) of the Code, provided that in the case of Awards other than Incentive Stock Options, the Administrator in its discretion may determine whether a permanent and total disability exists in
accordance with uniform and non-discriminatory standards adopted by the Administrator from time to time. 
 (o) “Employee”
means any person, including Officers and Directors, employed by the Company or any Parent or Subsidiary of the Company. Neither service as a Director nor payment of a director’s fee by the Company will be sufficient to constitute
“employment” by the Company. 
 (p) “Exchange Act” means the Securities Exchange Act of 1934, as amended.

 (q) “Exchange Program” means a program under which (i) outstanding Awards are surrendered or cancelled in exchange
for Awards of the same type (which may have higher or lower exercise prices and different terms), Awards of a different type, and/or cash, and/or (ii) the exercise price of an outstanding Award is reduced. The Administrator will determine the
terms and conditions of any Exchange Program in its sole discretion. 
 (r) “Fair Market Value” means, as of any date, the
value of Common Stock determined as follows: 
 (i) If the Common Stock is listed on any established stock exchange or a national market
system, including without limitation the Nasdaq Global Select Market, the Nasdaq Global Market or the Nasdaq Capital Market of The Nasdaq Stock Market, its Fair Market Value will be the closing sales price for such stock (or the closing bid, if no
sales were reported) as quoted on such exchange or system on the day of determination, as reported in The Wall Street Journal or such other source as the Administrator deems reliable; 
 (ii) If the Common Stock is regularly quoted by a recognized securities dealer but selling prices are not reported, the Fair Market Value of a Share
will be the mean between the high bid and low asked prices for the Common Stock on the day of determination, as reported in The Wall Street Journal or such other source as the Administrator deems reliable; 
 (iii) For purposes of any Awards granted on the Registration Date, the Fair Market Value will be the initial price to the public as set forth in the
final prospectus included within the registration statement in Form S-1 filed with the Securities and Exchange Commission for the initial public offering of the Company’s Common Stock; or 
 (iv) In the absence of an established market for the Common Stock, the Fair Market Value will be determined in good faith by the Administrator.

 (s) “Fiscal Year” means the fiscal year of the Company. 
 (t) “Incentive Stock Option” means an Option intended to qualify as an incentive stock option within the meaning of Section 422 of
the Code and the regulations promulgated thereunder. 

 (u) “Inside Director” means a Director who is an Employee. 
 (v) “Nonstatutory Stock Option” means an Option that by its terms does not qualify or is not intended to qualify as an Incentive Stock
Option. 
 (w) “Officer” means a person who is an officer of the Company within the meaning of Section 16 of the
Exchange Act and the rules and regulations promulgated thereunder. 
 (x) “Option” means a stock option granted pursuant to
the Plan. 
 (y) “Outside Director” means a Director who is not an Employee. 
 (z) “Parent” means a “parent corporation,” whether now or hereafter existing, as defined in Section 424(e) of the Code.

 (aa) “Participant” means the holder of an outstanding Award. 
 (bb) “Performance Share” means an Award denominated in Shares which may be earned in whole or in part upon attainment of performance
goals or other vesting criteria as the Administrator may determine pursuant to Section 10. 
 (cc) “Performance Unit”
means an Award which may be earned in whole or in part upon attainment of performance goals or other vesting criteria as the Administrator may determine and which may be settled for cash, Shares or other securities or a combination of the foregoing
pursuant to Section 10. 
 (dd) “Period of Restriction” means the period during which the transfer of Shares of
Restricted Stock are subject to restrictions and therefore, the Shares are subject to a substantial risk of forfeiture. Such restrictions may be based on the passage of time, the achievement of target levels of performance, or the occurrence of
other events as determined by the Administrator. 
 (ee) “Plan” means this 2007 Equity Incentive Plan. 
 (ff) “Registration Date” means the effective date of the first registration statement that is filed by the Company and declared
effective pursuant to Section 12(g) of the Exchange Act, with respect to any class of the Company’s securities. 
 (gg)
“Restricted Stock” means Shares issued pursuant to a Restricted Stock award under Section 7 of the Plan, or issued pursuant to the early exercise of an Option. 
 (hh) “Restricted Stock Unit” means a bookkeeping entry representing an amount equal to the Fair Market Value of one Share, granted
pursuant to Section 8. Each Restricted Stock Unit represents an unfunded and unsecured obligation of the Company. 
 (ii) “Rule
16b-3” means Rule 16b-3 of the Exchange Act or any successor to Rule 16b-3, as in effect when discretion is being exercised with respect to the Plan. 
 (jj) “Section 16(b)” means Section 16(b) of the Exchange Act. 
 (kk)
“Service Provider” means an Employee, Director or Consultant. 
 (ll) “Share” means a share of the Common
Stock, as adjusted in accordance with Section 13 of the Plan. 
 (mm) “Stock Appreciation Right” means an Award,
granted alone or in connection with an Option, that pursuant to Section 9 is designated as a Stock Appreciation Right. 
 (nn)
“Subsidiary” means a “subsidiary corporation”, whether now or hereafter existing, as defined in Section 424(f) of the Code. 

 3. Stock Subject to the Plan. 
 (a) Stock Subject to the Plan. Subject to the provisions of Section 13 of the Plan, the maximum aggregate number of Shares
that may be issued under the Plan is 6% of post-split fully-diluted Shares (which has been determined after adjustment to reflect the stock split which will be completed by the Company prior to the initial registration of the Company’s Common
Stock under Section 12 of the Exchange Act), plus (i) any Shares that, as of the Registration Date, have been reserved but not issued pursuant to any awards granted under both (A) the Third Amended and Restated Intellon Corporation
2000 Employee Incentive Plan (the “2000 Plan”) and (B) the Amended and Restated Intellon Corporation Director Stock Option Plan (the “Director Plan”) and are not subject to any awards granted thereunder, and
(ii) any Shares subject to stock options or other unvested awards granted under the 2000 Plan or Director Plan that expire or otherwise terminate without having been exercised in full and Shares issued pursuant to awards granted under the 2000
Plan or the Director Plan, as applicable, that are forfeited to or repurchased by the Company, with the maximum number of Shares to be added to the Plan pursuant to clauses (i) and (ii) equal to 342,257 Shares (which has been determined
after adjustment to reflect the stock split which will be completed by the Company prior to the initial registration of the Company’s Common Stock under Section 12 of the Exchange Act). The Shares may be authorized, but unissued, or
reacquired Common Stock. 
 (b) Automatic Share Reserve Increase. The number of Shares available for issuance under the Plan will be
increased on the first day of each Fiscal Year beginning with the 2009 Fiscal Year, in an amount equal to the least of (A) 2,000,000 Shares (which has been determined after adjustment to reflect the stock split which will be completed by the
Company prior to the initial registration of the Company’s Common Stock under Section 12 of the Exchange Act), (B) four percent (4%) of the outstanding Shares on the last day of the immediately preceding Fiscal Year or
(C) such number of Shares determined by the Board. 
 (c) Lapsed Awards. If an Award expires or becomes unexercisable without
having been exercised in full, is surrendered pursuant to an Exchange Program, or, with respect to Restricted Stock, Restricted Stock Units, Performance Units or Performance Shares, is forfeited to or repurchased by the Company due to failure to
vest, the unpurchased Shares (or for Awards other than Options or Stock Appreciation Rights the forfeited or repurchased Shares) which were subject thereto will become available for future grant or sale under the Plan (unless the Plan has
terminated). With respect to Stock Appreciation Rights, only Shares actually issued pursuant to a Stock Appreciation Right will cease to be available under the Plan; all remaining Shares under Stock Appreciation Rights will remain available for
future grant or sale under the Plan (unless the Plan has terminated). Shares that have actually been issued under the Plan under any Award will not be returned to the Plan and will not become available for future distribution under the Plan;
provided, however, that if Shares issued pursuant to Awards of Restricted Stock, Restricted Stock Units, Performance Shares or Performance Units are repurchased by the Company or are forfeited to the Company, such Shares will become available for
future grant under the Plan. Shares used to pay the exercise price of an Award or to satisfy the tax withholding obligations related to an Award will become available for future grant or sale under the Plan. To the extent an Award under the Plan is
paid out in cash rather than Shares, such cash payment will not result in reducing the number of Shares available for issuance under the Plan. Notwithstanding the foregoing and, subject to adjustment as provided in Section 13, the maximum
number of Shares that may be issued upon the exercise of Incentive Stock Options will equal the aggregate Share number stated in Section 3(a), plus, to the extent allowable under Section 422 of the Code and the Treasury Regulations
promulgated thereunder, any Shares that become available for issuance under the Plan pursuant to Sections 3(b) and 3(c). 
 (d) Share
Reserve. The Company, during the term of this Plan, will at all times reserve and keep available such number of Shares as will be sufficient to satisfy the requirements of the Plan. 
 4. Administration of the Plan. 
 (a)
Procedure. 
 (i) Multiple Administrative Bodies. Different Committees with respect to different groups of Service Providers
may administer the Plan. 
 (ii) Section 162(m). To the extent that the Administrator determines it to be desirable to qualify
Awards granted hereunder as “performance-based compensation” within the meaning of Section 162(m) of the Code, the Plan will be administered by a Committee of two (2) or more “outside directors” within the meaning of
Section 162(m) of the Code. 

 (iii) Rule 16b-3. To the extent desirable to qualify transactions hereunder as exempt under Rule
16b-3, the transactions contemplated hereunder will be structured to satisfy the requirements for exemption under Rule 16b-3. 
 (iv)
Other Administration. Other than as provided above, the Plan will be administered by (A) the Board or (B) a Committee, which committee will be constituted to satisfy Applicable Laws. 
 (b) Powers of the Administrator. Subject to the provisions of the Plan, and in the case of a Committee, subject to the specific duties delegated
by the Board to such Committee, the Administrator will have the authority, in its discretion: 
 (i) to determine the Fair Market Value;

 (ii) to select the Service Providers to whom Awards may be granted hereunder; 
 (iii) to determine the number of Shares to be covered by each Award granted hereunder; 
 (iv) to approve forms of Award Agreements for use under the Plan; 
 (v) to determine the terms and conditions, not inconsistent with the terms of the Plan, of any Award granted hereunder. Such terms and conditions include, but are not limited to, the exercise price, the time or times
when Awards may be exercised (which may be based on performance criteria), any vesting acceleration or waiver of forfeiture restrictions, and any restriction or limitation regarding any Award or the Shares relating thereto, based in each case on
such factors as the Administrator will determine; 
 (vi) to determine the terms and conditions of any, and to institute any, Exchange
Program; 
 (vii) to determine the terms and conditions of any, and to institute any, Award Transfer Program in accordance with
Section 12(b); 
 (viii) to construe and interpret the terms of the Plan and Awards granted pursuant to the Plan; 
 (ix) to prescribe, amend and rescind rules and regulations relating to the Plan, including rules and regulations relating to sub-plans established for
the purpose of satisfying applicable foreign laws; 
 (x) to modify or amend each Award (subject to Section 18(c) of the Plan),
including but not limited to the discretionary authority to extend the post-termination exercisability period of Awards and to extend the maximum term of an Option (subject to Section 6(b) regarding Incentive Stock Options); 
 (xi) to allow Participants to satisfy withholding tax obligations in such manner as prescribed in Section 14; 
 (xii) to authorize any person to execute on behalf of the Company any instrument required to effect the grant of an Award previously granted by the
Administrator; 
 (xiii) to allow a Participant to defer the receipt of the payment of cash or the delivery of Shares that would otherwise
be due to such Participant under an Award pursuant to such procedures as the Administrator may determine; and 
 (xiv) to make all other
determinations deemed necessary or advisable for administering the Plan. 
 (c) Effect of Administrator’s Decision. The
Administrator’s decisions, determinations and interpretations will be final and binding on all Participants and any other holders of Awards. 
 5. Eligibility. Nonstatutory Stock Options, Stock Appreciation Rights, Restricted Stock, Restricted Stock Units, Performance Shares and Performance Units may be granted to Service Providers. Incentive Stock Options may be granted
only to Employees. 

 6. Stock Options. 
 (a) Grant of Options. Subject to the terms and provisions of the Plan, the Administrator, at any time and from time to time, may grant Options to Service Providers in such amounts as the Administrator, in its
sole discretion, will determine. 
 (b) Limitations. Each Option will be designated in the Award Agreement as either an Incentive
Stock Option or a Nonstatutory Stock Option. However, notwithstanding such designation, to the extent that the aggregate Fair Market Value of the Shares with respect to which Incentive Stock Options are exercisable for the first time by the
Participant during any calendar year (under all plans of the Company and any Parent or Subsidiary) exceeds one hundred thousand dollars ($100,000), such Options will be treated as Nonstatutory Stock Options. For purposes of this Section 6(b),
Incentive Stock Options will be taken into account in the order in which they were granted. The Fair Market Value of the Shares will be determined as of the time the Option with respect to such Shares is granted. 
 (c) Term of Option. The term of each Option will be stated in the Award Agreement. In the case of an Incentive Stock Option, the term will be ten
(10) years from the date of grant or such shorter term as may be provided in the Award Agreement. Moreover, in the case of an Incentive Stock Option granted to a Participant who, at the time the Incentive Stock Option is granted, owns stock
representing more than ten percent (10%) of the total combined voting power of all classes of stock of the Company or any Parent or Subsidiary, the term of the Incentive Stock Option will be five (5) years from the date of grant or such
shorter term as may be provided in the Award Agreement. 
 (d) Option Exercise Price and Consideration. 
 (i) Exercise Price. The per share exercise price for the Shares to be issued pursuant to exercise of an Option will be determined by the
Administrator, subject to the following: 
 (1) In the case of an Incentive Stock Option 
 (A) granted to an Employee who, at the time the Incentive Stock Option is granted, owns stock representing more than ten percent (10%) of the voting
power of all classes of stock of the Company or any Parent or Subsidiary, the per Share exercise price will be no less than one hundred ten percent (110%) of the Fair Market Value per Share on the date of grant. 
 (B) granted to any Employee other than an Employee described in paragraph (A) immediately above, the per Share exercise price will be no less than
one hundred percent (100%) of the Fair Market Value per Share on the date of grant. 
 (2) In the case of a Nonstatutory Stock Option,
the per Share exercise price will be no less than one hundred percent (100%) of the Fair Market Value per Share on the date of grant. 
 (3) Notwithstanding the foregoing, Options may be granted with a per Share exercise price of less than one hundred percent (100%) of the Fair Market Value per Share on the date of grant pursuant to a transaction described in, and in a
manner consistent with, Section 424(a) of the Code. 
 (ii) Waiting Period and Exercise Dates. At the time an Option is granted,
the Administrator will fix the period within which the Option may be exercised and will determine any conditions that must be satisfied before the Option may be exercised. 
 (iii) Form of Consideration. The Administrator will determine the acceptable form of consideration for exercising an Option, including the method
of payment. In the case of an Incentive Stock Option, the Administrator will determine the acceptable form of consideration at the time of grant. Such consideration may consist entirely of: (1) cash; (2) check; (3) promissory note,
(4) other Shares, provided that such Shares have a Fair Market Value on the date of surrender equal to the aggregate exercise price of the Shares as to which such Option will be exercised and provided that accepting such Shares, in the sole
discretion of the Administrator, will not result in any adverse accounting consequences to the Company; (5) consideration received by the Company under a broker-assisted (or other) cashless exercise program implemented by the Company in
connection with the Plan; (6) such other consideration and method of payment for the issuance of Shares to the extent permitted by Applicable Laws; or (7) any combination of the foregoing methods of payment. 

 (e) Exercise of Option. 
 (i) Procedure for Exercise; Rights as a Stockholder. Any Option granted hereunder will be exercisable according to the terms of the Plan and at
such times and under such conditions as determined by the Administrator and set forth in the Award Agreement. An Option may not be exercised for a fraction of a Share. 
 An Option will be deemed exercised when the Company receives: (i) notice of exercise (in such form as the Administrator may specify from time to time) from the person entitled to exercise the Option, and
(ii) full payment for the Shares with respect to which the Option is exercised (together with applicable withholding taxes). Full payment may consist of any consideration and method of payment authorized by the Administrator and permitted by
the Award Agreement and the Plan. Shares issued upon exercise of an Option will be issued in the name of the Participant or, if requested by the Participant, in the name of the Participant and his or her spouse. Until the Shares are issued (as
evidenced by the appropriate entry on the books of the Company or of a duly authorized transfer agent of the Company), no right to vote or receive dividends or any other rights as a stockholder will exist with respect to the Shares subject to an
Option, notwithstanding the exercise of the Option. The Company will issue (or cause to be issued) such Shares promptly after the Option is exercised. No adjustment will be made for a dividend or other right for which the record date is prior to the
date the Shares are issued, except as provided in Section 13 of the Plan. 
 Exercising an Option in any manner will decrease the
number of Shares thereafter available, both for purposes of the Plan and for sale under the Option, by the number of Shares as to which the Option is exercised. 
 (ii) Termination of Relationship as a Service Provider. If a Participant ceases to be a Service Provider, other than upon the Participant’s termination as the result of the Participant’s death or
Disability, the Participant may exercise his or her Option within such period of time as is specified in the Award Agreement to the extent that the Option is vested on the date of termination (but in no event later than the expiration of the term of
such Option as set forth in the Award Agreement). In the absence of a specified time in the Award Agreement, the Option will remain exercisable for three (3) months following the Participant’s termination. Unless otherwise provided by the
Administrator, if on the date of termination the Participant is not vested as to his or her entire Option, the Shares covered by the unvested portion of the Option will revert to the Plan. If after termination the Participant does not exercise his
or her Option within the time specified by the Administrator, the Option will terminate, and the Shares covered by such Option will revert to the Plan. 
 (iii) Disability of Participant. If a Participant ceases to be a Service Provider as a result of the Participant’s Disability, the Participant may exercise his or her Option within such period of time as
is specified in the Award Agreement to the extent the Option is vested on the date of termination (but in no event later than the expiration of the term of such Option as set forth in the Award Agreement). In the absence of a specified time in the
Award Agreement, the Option will remain exercisable for twelve (12) months following the Participant’s termination. Unless otherwise provided by the Administrator, if on the date of termination the Participant is not vested as to his or
her entire Option, the Shares covered by the unvested portion of the Option will revert to the Plan. If after termination the Participant does not exercise his or her Option within the time specified herein, the Option will terminate, and the Shares
covered by such Option will revert to the Plan. 
 (iv) Death of Participant. If a Participant dies while a Service Provider, the
Option may be exercised following the Participant’s death within such period of time as is specified in the Award Agreement to the extent that the Option is vested on the date of death (but in no event may the option be exercised later than the
expiration of the term of such Option as set forth in the Award Agreement), by the Participant’s designated beneficiary, provided such beneficiary has been designated prior to Participant’s death in a form acceptable to the Administrator.
If no such beneficiary has been designated by the Participant, then such Option may be exercised by the personal representative of the Participant’s estate or by the person(s) to whom the Option is transferred pursuant to the Participant’s
will or in accordance with the laws of descent and distribution. In the absence of a specified time in the Award Agreement, the Option will remain exercisable for twelve (12) months following Participant’s death. Unless otherwise provided
by the Administrator, if at the time of death Participant is not vested as to his or her entire Option, the Shares covered by the unvested portion of the Option will immediately revert to the Plan. If the Option is not so exercised within the time
specified herein, the Option will terminate, and the Shares covered by such Option will revert to the Plan. 

 7. Restricted Stock. 
 (a) Grant of Restricted Stock. Subject to the terms and provisions of the Plan, the Administrator, at any time and from time to time, may grant Shares of Restricted Stock to Service Providers in such amounts as
the Administrator, in its sole discretion, will determine. 
 (b) Restricted Stock Agreement. Each Award of Restricted Stock will be
evidenced by an Award Agreement that will specify the Period of Restriction, the number of Shares granted, and such other terms and conditions as the Administrator, in its sole discretion, will determine. Unless the Administrator determines
otherwise, the Company as escrow agent will hold Shares of Restricted Stock until the restrictions on such Shares have lapsed. 
 (c)
Transferability. Except as provided in this Section 7, Shares of Restricted Stock may not be sold, transferred, pledged, assigned, or otherwise alienated or hypothecated until the end of the applicable Period of Restriction. 

(d) Other Restrictions. The Administrator, in its sole discretion, may impose such other restrictions on Shares of Restricted Stock as it may
deem advisable or appropriate. 
 (e) Removal of Restrictions. Except as otherwise provided in this Section 7, Shares of
Restricted Stock covered by each Restricted Stock grant made under the Plan will be released from escrow as soon as practicable after the last day of the Period of Restriction or at such other time as the Administrator may determine. The
Administrator, in its discretion, may accelerate the time at which any restrictions will lapse or be removed. 
 (f) Voting Rights.
During the Period of Restriction, Service Providers holding Shares of Restricted Stock granted hereunder may exercise full voting rights with respect to those Shares, unless the Administrator determines otherwise. 
 (g) Dividends and Other Distributions. During the Period of Restriction, Service Providers holding Shares of Restricted Stock will be entitled to
receive all dividends and other distributions paid with respect to such Shares, unless the Administrator provides otherwise. If any such dividends or distributions are paid in Shares, the Shares will be subject to the same restrictions on
transferability and forfeitability as the Shares of Restricted Stock with respect to which they were paid. 
 (h) Return of Restricted
Stock to Company. On the date set forth in the Award Agreement, the Restricted Stock for which restrictions have not lapsed will revert to the Company and again will become available for grant under the Plan. 
 8. Restricted Stock Units. 
 (a)
Grant of Restricted Stock Units. Subject to the terms and provisions of the Plan, the Administrator, at any time and from time to time, may grant Restricted Stock Units in such amounts as the Administrator, in its sole discretion, will
determine. After the Administrator determines that it will grant Restricted Stock Units under the Plan, it will advise the Participant in an Award Agreement of the terms, conditions, and restrictions related to the grant, including the number of
Restricted Stock Units. 
 (b) Vesting Criteria and Other Terms. The Administrator will set vesting criteria in its discretion, which,
depending on the extent to which the criteria are met, will determine the number of Restricted Stock Units that will be paid out to the Participant. The Administrator may set vesting criteria based upon the achievement of Company-wide, business
unit, or individual goals (including, but not limited to, continued employment), or any other basis determined by the Administrator in its discretion. 
 (c) Earning Restricted Stock Units. Upon meeting the applicable vesting criteria, the Participant will be entitled to receive a payout as determined by the Administrator. Notwithstanding the foregoing, at any
time after the grant of Restricted Stock Units, the Administrator, in its sole discretion, may reduce or waive any vesting criteria that must be met to receive a payout. 
 (d) Form and Timing of Payment. Payment of earned Restricted Stock Units will be made as soon as practicable after the date(s) determined by the Administrator and set forth in the Award Agreement. The
Administrator, in its sole discretion, may only settle earned Restricted Stock Units in cash, Shares, or a combination of both. 

 (e) Cancellation. On the date set forth in the Award Agreement, all unearned Restricted Stock
Units will be forfeited to the Company. 
 9. Stock Appreciation Rights. 
 (a) Grant of Stock Appreciation Rights. Subject to the terms and conditions of the Plan, a Stock Appreciation Right may be granted to Service
Providers at any time and from time to time as will be determined by the Administrator, in its sole discretion. 
 (b) Number of
Shares. The Administrator will have complete discretion to determine the number of Stock Appreciation Rights granted to any Service Provider. 
 (c) Exercise Price and Other Terms. The per share exercise price for the Shares to be issued pursuant to exercise of a Stock Appreciation Right will be determined by the Administrator and will be no less than one hundred percent
(100%) of the Fair Market Value per Share on the date of grant. Otherwise, subject to Section 6(b) of the Plan, the Administrator, subject to the provisions of the Plan, will have complete discretion to determine the terms and conditions
of Stock Appreciation Rights granted under the Plan. 
 (d) Stock Appreciation Right Agreement. Each Stock Appreciation Right grant
will be evidenced by an Award Agreement that will specify the exercise price, the term of the Stock Appreciation Right, the conditions of exercise, and such other terms and conditions as the Administrator, in its sole discretion, will determine.

 (e) Expiration of Stock Appreciation Rights. A Stock Appreciation Right granted under the Plan will expire upon the date determined
by the Administrator, in its sole discretion, and set forth in the Award Agreement. Notwithstanding the foregoing, the rules of Section 6(e) also will apply to Stock Appreciation Rights. 
 (f) Payment of Stock Appreciation Right Amount. Upon exercise of a Stock Appreciation Right, a Participant will be entitled to receive payment
from the Company in an amount determined by multiplying: 
 (i) The difference between the Fair Market Value of a Share on the date of
exercise over the exercise price; times 
 (ii) The number of Shares with respect to which the Stock Appreciation Right is exercised.

 At the discretion of the Administrator, the payment upon Stock Appreciation Right exercise may be in cash, in Shares of equivalent value,
or in some combination thereof. 
 10. Performance Units and Performance Shares. 
 (a) Grant of Performance Units/Shares. Performance Units and Performance Shares may be granted to Service Providers at any time and from time to
time, as will be determined by the Administrator, in its sole discretion. The Administrator will have complete discretion in determining the number of Performance Units and Performance Shares granted to each Participant. 
 (b) Value of Performance Units/Shares. Each Performance Unit will have an initial value that is established by the Administrator on or before the
date of grant. Each Performance Share will have an initial value equal to the Fair Market Value of a Share on the date of grant. 
 (c)
Performance Objectives and Other Terms. The Administrator will set performance objectives or other vesting provisions (including, without limitation, continued status as a Service Provider) in its discretion which, depending on the extent to
which they are met, will determine the number or value of Performance Units/Shares that will be paid out to the Service Providers. The time period during which the performance objectives or other vesting provisions must be met will be called the
“Performance Period.” Each Award of Performance Units/Shares will be evidenced by an Award Agreement that will specify the Performance Period, and such other terms and conditions as the Administrator, in its sole discretion, will
determine. The Administrator may set performance objectives based upon the achievement of Company-wide, divisional, or individual goals, or any other basis determined by the Administrator in its discretion. 

 (d) Earning of Performance Units/Shares. After the applicable Performance Period has ended, the
holder of Performance Units/Shares will be entitled to receive a payout of the number of Performance Units/Shares earned by the Participant over the Performance Period, to be determined as a function of the extent to which the corresponding
performance objectives or other vesting provisions have been achieved. After the grant of a Performance Unit/Share, the Administrator, in its sole discretion, may reduce or waive any performance objectives or other vesting provisions for such
Performance Unit/Share. 
 (e) Form and Timing of Payment of Performance Units/Shares. Payment of earned Performance Units/Shares will
be made as soon as practicable after the expiration of the applicable Performance Period. The Administrator, in its sole discretion, may pay earned Performance Units/Shares in the form of cash, in Shares (which have an aggregate Fair Market Value
equal to the value of the earned Performance Units/Shares at the close of the applicable Performance Period) or in a combination thereof. 
 (f) Cancellation of Performance Units/Shares. On the date set forth in the Award Agreement, all unearned or unvested Performance Units/Shares will be forfeited to the Company, and again will be available for grant under the Plan.

 11. Leaves of Absence/Transfer Between Locations. Unless the Administrator
provides otherwise or except as required by Applicable Laws, vesting of Awards granted hereunder will be suspended during any unpaid leave of absence. A Service Provider will not cease to be an Employee in the case of (i) any leave of absence
approved by the Company or (ii) transfers between locations of the Company or between the Company, its Parent, or any Subsidiary. For purposes of Incentive Stock Options, no such leave may exceed ninety (90) days, unless reemployment upon
expiration of such leave is guaranteed by statute or contract. If reemployment upon expiration of a leave of absence approved by the Company is not so guaranteed, then three (3) months following the ninety-first (91st) day of such leave any Incentive Stock Option held by the Participant will cease to be treated as an Incentive Stock Option and will be treated for tax
purposes as a Nonstatutory Stock Option. 
 12. Transferability of Awards. 
 (a) General. Unless determined otherwise by the Administrator, an Award may not be sold, pledged, assigned, hypothecated, transferred, or disposed
of in any manner other than by will or by the laws of descent or distribution and may be exercised, during the lifetime of the Participant, only by the Participant. If the Administrator makes an Award transferable, such Award will contain such
additional terms and conditions as the Administrator deems appropriate. 
 (b) Award Transfer Program. Notwithstanding any contrary
provision of the Plan, the Committee shall have all discretion and authority to determine and implement the terms and conditions of any Award Transfer Program instituted pursuant to this Section 12(b) and shall have the authority to amend the
terms of any Award participating, or otherwise eligible to participate in, the Award Transfer Program, including (but not limited to) the authority to (i) amend (including to extend) the expiration date, post-termination exercise period and/or
forfeiture conditions of any such Award, (ii) amend or remove any provisions of the Award relating to the Award holder’s continued service to the Company, (iii) amend the permissible payment methods with respect to the exercise or
purchase of any such Award, (iv) amend the adjustments to be implemented in the event of changes in the capitalization and other similar events with respect to such Award, and (v) make such other changes to the terms of such Award as the
Committee deems necessary or appropriate in its sole discretion. 
 13. Adjustments; Dissolution or Liquidation; Merger or Change in
Control. 
 (a) Adjustments. In the event that any dividend or other distribution (whether in the form of cash, Shares, other
securities, or other property), recapitalization, stock split, reverse stock split, reorganization, merger, consolidation, split-up, spin-off, combination, repurchase, or exchange of Shares or other securities of the Company, or other change in the
corporate structure of the Company affecting the Shares occurs, the Administrator, in order to prevent diminution or enlargement of the benefits or potential benefits intended to be made available under the Plan, will adjust the number and class of
Shares that may be delivered under the Plan and/or the number, class, and price of Shares covered by each outstanding Award, the numerical Shares specified in Section 3 of the Plan. 

 (b) Dissolution or Liquidation. In the event of the proposed dissolution or liquidation of the
Company, the Administrator will notify each Participant as soon as practicable prior to the effective date of such proposed transaction. To the extent it has not been previously exercised, an Award will terminate immediately prior to the
consummation of such proposed action. 
 (c) Merger or Change in Control. In the event of a merger or Change in Control, each
outstanding Award will be treated as the Administrator determines, including, without limitation, that each Award be assumed or an equivalent option or right substituted by the successor corporation or a Parent or Subsidiary of the successor
corporation. The Administrator will not be required to treat all Awards similarly in the transaction. 
 In the event that the successor
corporation does not assume or substitute for the Award, the Participant will fully vest in and have the right to exercise all of his or her outstanding Options and Stock Appreciation Rights, including Shares as to which such Awards would not
otherwise be vested or exercisable, all restrictions on Restricted Stock and Restricted Stock Units will lapse, and, with respect to Awards with performance-based vesting, all performance goals or other vesting criteria will be deemed achieved at
one hundred percent (100%) of target levels and all other terms and conditions met. In addition, if an Option or Stock Appreciation Right is not assumed or substituted in the event of a Change in Control, the Administrator will notify the
Participant in writing or electronically that the Option or Stock Appreciation Right will be fully vested and exercisable for a period of time determined by the Administrator in its sole discretion, and the Option or Stock Appreciation Right will
terminate upon the expiration of such period. 
 For the purposes of this subsection (c), an Award will be considered assumed if, following
the Change in Control, the Award confers the right to purchase or receive, for each Share subject to the Award immediately prior to the Change in Control, the consideration (whether stock, cash, or other securities or property) received in the
Change in Control by holders of Common Stock for each Share held on the effective date of the transaction (and if holders were offered a choice of consideration, the type of consideration chosen by the holders of a majority of the outstanding
Shares); provided, however, that if such consideration received in the Change in Control is not solely common stock of the successor corporation or its Parent, the Administrator may, with the consent of the successor corporation, provide for the
consideration to be received upon the exercise of an Option or Stock Appreciation Right or upon the payout of a Restricted Stock Unit, Performance Unit or Performance Share, for each Share subject to such Award, to be solely common stock of the
successor corporation or its Parent equal in fair market value to the per share consideration received by holders of Common Stock in the Change in Control. 
 Notwithstanding anything in this Section 13(c) to the contrary, an Award that vests, is earned or paid-out upon the satisfaction of one or more performance goals will not be considered assumed if the Company or
its successor modifies any of such performance goals without the Participant’s consent; provided, however, a modification to such performance goals only to reflect the successor corporation’s post-Change in Control corporate structure will
not be deemed to invalidate an otherwise valid Award assumption. 
 (d) Outside Director Awards. With respect to Awards granted to an
Outside Director that are assumed or substituted for, if on the date of or following such assumption or substitution the Participant’s status as a Director or a director of the successor corporation, as applicable, is terminated other than upon
a voluntary resignation by the Participant (unless such resignation is at the request of the acquirer), then the Participant will fully vest in and have the right to exercise Options and/or Stock Appreciation Rights as to all of the Shares
underlying such Award, including those Shares which would not otherwise be vested or exercisable, all restrictions on Restricted Stock and Restricted Stock Units will lapse, and, with respect to Performance Units and Performance Shares, all
performance goals or other vesting criteria will be deemed achieved at one hundred percent (100%) of target levels and all other terms and conditions met. 
 14. Tax Withholding. 
 (a) Withholding Requirements. Prior to the delivery of any Shares or
cash pursuant to an Award (or exercise thereof), the Company will have the power and the right to deduct or withhold, or require a Participant to remit to the Company, an amount sufficient to satisfy federal, state, local, foreign or other taxes
(including the Participant’s FICA obligation) required to be withheld with respect to such Award (or exercise thereof). 

 (b) Withholding Arrangements. The Administrator, in its sole discretion and pursuant to such
procedures as it may specify from time to time, may permit a Participant to satisfy such tax withholding obligation, in whole or in part by (without limitation) (a) paying cash, (b) electing to have the Company withhold otherwise
deliverable cash or Shares having a Fair Market Value equal to the minimum statutory amount required to be withheld, or (c) delivering to the Company already-owned Shares having a Fair Market Value equal to the minimum statutory amount required
to be withheld. The Fair Market Value of the Shares to be withheld or delivered will be determined as of the date that the taxes are required to be withheld. 
 15. No Effect on Employment or Service. Neither the Plan nor any Award will confer upon a Participant any right with respect to continuing the Participant’s relationship as a Service Provider with the
Company, nor will they interfere in any way with the Participant’s right or the Company’s right to terminate such relationship at any time, with or without cause, to the extent permitted by Applicable Laws. 
 16. Date of Grant. The date of grant of an Award will be, for all purposes, the date on which the Administrator makes the determination granting
such Award, or such other later date as is determined by the Administrator. Notice of the determination will be provided to each Participant within a reasonable time after the date of such grant. 
 17. Term of Plan. Subject to Section 21 of the Plan, the Plan will become effective upon its adoption by the Board. It will continue in
effect for a term of ten (10) years from the date adopted by the Board, unless terminated earlier under Section 18 of the Plan. 
 18. Amendment and Termination of the Plan. 
 (a) Amendment and Termination. The Board may at any time amend, alter,
suspend or terminate the Plan. 
 (b) Stockholder Approval. The Company will obtain stockholder approval of any Plan amendment to the
extent necessary and desirable to comply with Applicable Laws. 
 (c) Effect of Amendment or Termination. No amendment, alteration,
suspension or termination of the Plan will impair the rights of any Participant, unless mutually agreed otherwise between the Participant and the Administrator, which agreement must be in writing (which may include e-mail) and signed by the
Participant and the Company. Termination of the Plan will not affect the Administrator’s ability to exercise the powers granted to it hereunder with respect to Awards granted under the Plan prior to the date of such termination. 
 19. Conditions Upon Issuance of Shares. 
 (a) Legal Compliance. Shares will not be issued pursuant to the exercise of an Award unless the exercise of such Award and the issuance and delivery of such Shares will comply with Applicable Laws and will be further subject to the
approval of counsel for the Company with respect to such compliance. 
 (b) Investment Representations. As a condition to the exercise
of an Award, the Company may require the person exercising such Award to represent and warrant at the time of any such exercise that the Shares are being purchased only for investment and without any present intention to sell or distribute such
Shares if, in the opinion of counsel for the Company, such a representation is required. 
 20. Inability to Obtain Authority. The
inability of the Company to obtain authority from any regulatory body having jurisdiction, which authority is deemed by the Company’s counsel to be necessary to the lawful issuance and sale of any Shares hereunder, will relieve the Company of
any liability in respect of the failure to issue or sell such Shares as to which such requisite authority will not have been obtained. 
 21.
Stockholder Approval. The Plan will be subject to approval by the stockholders of the Company within twelve (12) months after the date the Plan is adopted by the Board. Such stockholder approval will be obtained in the manner and to the
degree required under Applicable Laws.

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