Document:

Employment  Agreement

 EXHIBIT 10.1 
 EMPLOYMENT AGREEMENT 
 THIS EMPLOYMENT AGREEMENT (the “Agreement”) is entered into
on the 15th day of February, 2006 with an effective date of the 11th day of April, 2006, by and between INTRALASE CORP., a Delaware corporation (the “Company”) and ROBERT PALMISANO (hereinafter
“Executive”). 
 W I T N E S S E T H: 
 In consideration of the mutual covenants and obligations herein set forth, the parties hereto agree as follows: 
 1. Engagement; Nature of Duties; Reporting. The Company has engaged Executive, for the period hereinafter set forth, to serve as and hold
the offices of Chief Executive Officer and President of the Company, and to perform the duties and exercise the powers of such offices as currently provided in the Bylaws of the Company. Executive has agreed to serve in such capacity and to continue
to serve hereunder and to do and perform the services, acts, or things necessary to carry out the duties of such offices, and such other duties, not inconsistent with such office and Executive’s positions as Chief Executive Officer and
President of the Company, as the Company and Executive may mutually agree. Executive shall report only to the Board of Directors of the Company. 
 2. Term. The term of employment pursuant to this Agreement shall be for a period of three years commencing on the date hereof through and including April 10, 2009, unless sooner terminated in accordance with the
provisions hereof. 
 3. Performance of Duties. Executive shall devote such time and attention to Executive’s duties as
may be reasonably necessary to perform and carry out such duties. Except for such activities and other business dealings as do not, in the reasonable judgement of the Board of Directors of the Company, unreasonably interfere with the performance of
Executive’s duties hereunder, Executive’s services shall be exclusive to the Company during the term hereof, and Executive shall not accept any other employment or position, of any nature, without the prior written consent of Company.

 Except as otherwise provided for herein, Executive shall perform his duties hereunder primarily in the Company’s principal executive
offices in Irvine, California, or where otherwise relocated in Orange County, and shall, other than customary travel incident to performance of his duties hereunder, not be required to perform such duties at any other location. 
 4. Compensation. 
 (a) Base Salary. The Company shall pay to Executive a base salary in the amount of Four Hundred Seventy Two Thousand Five Hundred Dollars ($472,500) per year. Such base salary shall be payable in periodic installments in accordance
with the Company’s prevailing policy for compensating personnel, but not less often than semi-monthly. Executive’s base salary will be reviewed and be subject to adjustment, on an annual basis, in good faith by the Board of Directors of
the Company; provided, however, such base salary may not be reduced without Executive’s consent. 

 (b) Annual Bonus. In addition to the foregoing base salary and any and all other
compensation, profit-sharing participation, benefits, bonuses or other amounts due to or receivable by Executive pursuant to this Agreement or any plan or program maintained by the Company, Executive shall be eligible to receive an annual cash bonus
in an amount of up to seventy five percent (75%) of Executive’s then-current base salary. Such annual bonus will be paid to Executive based upon the performance of the Company against the goals set by the Board of Directors in advance and
agreed upon by Executive, for each fiscal year of the Company. The foregoing bonus shall be payable within ninety (90) days following the end of the Company’s fiscal year. In the event that this Agreement expires or is terminated (other
than a termination by the Company for Good Cause, as defined below, or voluntary termination by Executive) prior to the end of any fiscal year, Executive shall be entitled to a bonus, proportional to the annual bonus which would have been achievable
by Executive for such fiscal year, payable within sixty (60) days following the effective date of such expiration or termination, provided the Company’s actual performance equals or exceeds the agreed upon goals on a year to date basis for
the period from the end of the prior fiscal year through the effective date of such expiration or termination. 
 (c)
Withholding. Executive acknowledges and agrees that the Company may withhold from any amounts payable under this Agreement any amounts required to be so withheld pursuant to applicable state or federal law, or the regulations of any state or
federal governmental unit or taxing authority. 
 5. Stock Options. Executive shall be eligible to receive annual option grants
in accordance with the Company’s policies and procedures. Any unvested options held by the Executive shall vest in full and become immediately exercisable upon a Change of Control. 
 6. Expense Reimbursement; Housing; Automobile Payments. 
 (a) Expense Reimbursement. The services required of Executive by this Agreement shall include the responsibility and duty of
entertaining business associates and others with whom the Company is, desires to be, or may become engaged in business or with whom it seeks, now or in the future, to develop or expand business relationships, or with whom it is otherwise to the
benefit of the Company to establish or maintain communications. It may also be necessary for Executive to travel from time to time on behalf of and for the benefit of the Company, or in furtherance of the Company’s business. It is
Company’s belief that the performance of the Executive’s duties in such travel and entertainment activities will be productive of the maximum benefits which the Company expects to derive from Executive’s services. Accordingly, the
Company shall pay, or if Executive shall have paid, shall reimburse to Executive, any and all expenses incurred by him or for his account in the performance of his duties hereunder, including all expenses for business, entertainment, promotion,
professional association dues and travel by Executive, subject only to Executive providing appropriate documentation for such expenses, and to any written policies of the Company regarding executive expense reimbursement adopted and approved by the
Board of Directors. 
 (b) Housing. During the term of this Agreement, the Company will pay rent for an apartment in
Orange County, California for Executive in an amount not to exceed Four Thousand One Hundred Eighty Dollars ($4,180) per month plus any reasonable future rent increases imposed by the landlord for such apartment from time to time after the effective
date hereof. To the extent that such rental payments are subject to income taxes payable by Executive, the Company shall, for each 

 
tax year of Executive in which such payments are made or deemed made, pay Executive an amount to reimburse Executive for such income taxes for such tax year,
on a gross-up basis. 
 (c) Automobile Payments. During the term of this Agreement, the Company shall pay on behalf of
Executive up to One Thousand Dollars ($1,000.00) per month, in connection with Executive’s leasing or purchase of an automobile. 
 7. Medical and Life Insurance; Pension Benefits. Executive shall have the right to participate in any and all group, life, disability income, health, dental or accident insurance programs applicable to other executive
management personnel of the Company, and in effect at any time during the period of Executive’s employment hereunder, subject only to any eligibility restrictions of such programs. The Company shall pay all premiums for Executive, and
Executive’s spouse and dependents, for full coverage under all such health insurance programs. Executive shall also have the right to participate in any and all employee retirement benefits plan or profit-sharing plan which the Company
maintains for its personnel, and in effect at any time during the period of Executive’s employment hereunder, on a basis at least as favorable as for any other executive management personnel of the Company, subject only to any eligibility
restrictions of such plans. In the event that, as a result of any eligibility restrictions of any such plans or programs, Executive is not permitted to participate in any such plan or program, then the Company shall, at Executive’s option,
provide Executive with equivalent benefits to those which would be available to Executive under such plan or program, at the Company’s sole cost and expense. 
 8. Vacation. During each calendar year of the term of employment as provided in Section 2 hereof, and thereafter, so long as, Executive continues in the employment of the Company, Executive shall be
entitled to a vacation of up to four (4) weeks, without deduction of salary. Such vacation shall be taken at such time or times during the applicable year as may be mutually determined by Executive and the Company. Any additional vacation
period shall be determined by the Company consistent with the general customs and practices of the Company applicable to its executive management personnel. Any accrued and unused vacation as of April 1 of any year during the term hereof may,
at the discretion of Executive, either be paid in cash or carried over to the following year; provided, however, that Executive may not carry over more than two weeks of vacation. 
 9. Termination. 
 (a) Termination for Good Cause. This Agreement may be terminated by the Company for Good Cause. As used herein, “Good Cause” shall mean: 
 1. Executive’s conviction of a felony or similar crime causing material harm to the standing and reputation of the Company; or

 2. Executive makes an intentional and improper disclosure of the Company’s confidential or proprietary information in
breach of Executive’s confidentiality agreement with the Company. 
 (b) Termination Following Change of Control.
This Agreement may be terminated by the Company or Executive following a Change of Control. As used herein, “Change of Control” shall mean: 
 1. The sale, lease, conveyance or other disposition of all or substantially all of the Company’s assets as an entirety or substantially as an entirety to any person, entity or group of persons acting in concert;
or 

 2. Any “person” (as such term is used in Sections 13(d) and 14(d) of the
Securities Exchange Act of 1934, as amended), other than any currently existing shareholder, becoming the “beneficial owner” (as defined in Rule 13d-3 under said 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 but in no event shall the completion of an offering of the Company’s Common Stock pursuant to a registration statement
filed with the Securities and Exchange Commission in the Company’s initial public offering constitute a Change of Control; or 
 3. A merger or consolidation of the Company with any other corporation or entity not affiliated with any currently existing shareholder, 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) at least fifty percent (50%) of the total voting power represented by the
voting securities of the Company or such surviving entity outstanding immediately after such merger or consolidation; or 
 4.
The liquidation or winding up of the business of the Company. 
 (c) Termination for Good Reason. Executive shall have
the right to terminate this Agreement for Good Reason. As used herein, “Good Reason” shall mean: 
 1. A material
reduction or adverse change in Executive’s title, position, duties or compensation as Chief Executive Officer and President, as set forth herein, without Executive’s prior express written consent; or 
 2. Any other material breach by the Company of its obligations hereunder, which breach remains uncured for thirty (30) days following
written notice to the Company of such breach, which notice specifies in reasonable detail the nature of such breach. 
 A termination by
Executive of his employment hereunder for “Good Reason” or following a “Change of Control” shall be the equivalent of, and shall have the same effect hereunder as, a termination of such employment by the Company without
“Good Cause.” 
 (d) Termination Upon Death or Permanent Disability. In addition, this Agreement shall
automatically terminate upon Executive’s death or permanent disability. As used herein, “permanent disability” shall mean Executive’s complete inability to perform Executive’s duties hereunder, as determined by
Executive’s physician, which inability continues for more than one hundred eighty (180) consecutive days; provided, however, that in the event any disability income policy maintained by the Company pursuant to Section 7 hereof
contains a definition of “permanent disability” which requires a greater period of continuous inability to perform services, such definition shall control. 

 10. Severance. 
 (a) General Severance. In the event that this Agreement is terminated by the Company for any reason other than for “Good
Cause” as defined above, expressly or this Agreement is terminated by Executive for “Good Reason,” but excluding a termination by the Company following a “Change of Control,” Executive shall be entitled to receive, in
addition to the amount of any accrued and unpaid salary then due to Executive, and the value of any accrued and unused vacation, the following additional amounts: 
 1. Continuation of base salary payments at the Executive’s then-current base salary for two years (the “Severance Period”).
Such continuation of base salary shall be paid monthly on a pro rata basis. 
 2. If the Company has achieved or exceeded its
agreed upon goals to date, as of the date of such termination, Executive shall also receive a pro rated bonus, as provided in Section 4(b) hereof. 
 3. So long as Executive elects continuation coverage under COBRA the Company shall pay the premiums for the Severance Period. 
 (b) Change of Control Severance. In the event that this Agreement is terminated by the Company following a “Change of
Control,” Executive shall be entitled to receive, in addition to the amount of any accrued and unpaid salary then due to Executive, and the value of any accrued and unused vacation, the following additional amounts: 
 1. Continuation of base salary payments at the Executive’s then-current base salary for three years (the “Change of Control
Severance Period”). Such continuation of base salary shall be paid monthly on a pro rata basis. 
 2. Payment at the time
of Change of Control of the full amount of Executive’s potential bonus, as provided in Section 4(b) above, for three years. 
 3. So long as Executive elects continuation coverage under COBRA the Company shall pay the premiums for the Change of Control Severance Period. 
 (c) Mitigation. The Company expressly agrees and acknowledges that, with respect to such payments and other consideration,
Executive shall have no duty or obligation to seek or accept other employment, or otherwise mitigate Executive’s damages resulting from such termination. 
 (d) Voluntary Termination. In the event Executive voluntarily terminates this Agreement, then Executive shall be entitled to
receive accrued, but unpaid salary and accrued vacation pay, but no other amounts. 
 11. Confidential Information. Executive
acknowledges that he will have access to certain confidential or proprietary information of the Company, including information developed by Executive in the course of his employment. Executive expressly acknowledges and agrees that such confidential
or proprietary information is solely the property of the Company, and that the Company derives material benefits to its business by maintaining the confidentiality of such information. 

 
Executive expressly agrees that he will not, during the term hereof or at any time thereafter, directly or indirectly, disclose or use for his own benefit
any confidential or proprietary information of the Company, except, only, (i) to the extent required by valid legal process, such as civil discovery, (ii) with the prior express written consent of the Company, or
(iii) to the extent such information has become known or available to the public other than as a result of a breach of this Section 11 by Executive. If requested by the Company, Executive agrees to execute and deliver a confidentiality
and/or invention assignment agreement, not inconsistent with this Section 11. 
 12. Notices. Any and all notices which
are required or permitted to be given by any party to any other party hereunder shall be given in writing, sent by registered or certified mail, electronic communications (including telegram, facsimile or e-mail) followed by a confirmation letter
sent by registered or certified mail, postage prepaid, return receipt requested, or delivered by hand or messenger service, with the charges therefor prepaid, addressed to such party as follows: 
  

	 	(a)	Notices to Executive: 

 Robert Palmisano 
 _________________ 
 ________________________, ___ _____ 
 With copy to: 
 ___________________ 
 ___________________

 ___________________ 
 ___________________ 
  

	 	(b)	Notices to the Company: 

 INTRALASE CORP. 
 9701 Jeronimo 
 Irvine, CA 92618 

Attn: Chief Financial Officer 
 With copy to: 
 Bruce Feuchter 
 Stradling Yocca Carlson & Rauth 
 660 Newport Center Drive, Suite 1600 
 Newport Beach, California 92660-6441 
 or to such other
address as the parties shall from time to time give notice of in accordance with this Section 12. Notices sent in accordance with this Section 12 shall be deemed effective (i) the first business day following the date of dispatch, if
sent by telegram, facsimile or e-mail, and (ii) the actual date of delivery, if sent by registered or certified mail, and an affidavit of mailing or dispatch, executed under penalty of perjury, shall be deemed presumptive evidence of the date
of dispatch. 
 13. Entire Agreement and Modifications. This Agreement, including the exhibits hereto and the agreements
expressly referred to herein, constitutes the entire understanding between 

 
the parties pertaining to the subject matter hereof and supersedes all prior agreements, understandings, negotiations and discussions, whether oral or
written. There are no warranties, representations or other agreements between the parties, in connection with the subject matter hereof, except as specifically set forth herein. No supplement, modification, waiver or termination of this Agreement
shall be binding unless made in writing and executed by the party thereto to be bound which expressly states that such writing amends this Agreement. 
 14. Waivers. No term, condition or provision of this Agreement may be waived except by an express written instrument to such effect signed by the party to whom the benefit of such term, condition or
provision runs. No such waiver of any term, condition or provision of this Agreement shall be deemed a waiver of any other term, condition or provision, irrespective of similarity, or shall constitute a continuing waiver of the same term, condition
or provision, unless otherwise expressly provided. No failure or delay on the part of any party in exercising any right, power or privilege under any term, condition or provision of this Agreement shall operate as a waiver thereof, nor shall a
single or partial exercise thereof preclude any other or further exercise of any other right, power or privilege. 
 15. Survival of
Agreement Provisions. All terms, conditions, provisions, covenants, agreements, representations and warranties made herein shall survive the performance by the parties hereto of their obligations hereunder, and the termination or expiration
of this Agreement. 
 16. Severability. In the event any one or more of the terms, conditions or provisions contained in this
Agreement should be found in a final award or judgement rendered by any court or arbitrator or panel of arbitrators of competent jurisdiction to be invalid, illegal or unenforceable in any respect, the validity, legality and enforceability of the
remaining terms, conditions and provisions contained herein shall not in any way be affected or impaired thereby, and this Agreement shall be interpreted and construed as if such term, condition or provision, to the extent the same shall have been
held invalid, illegal, or unenforceable, had never been contained herein, provided that such interpretation and construction is consistent with the intent of the parties as expressed in this Agreement. 
 17. Headings. The headings of the Articles and Sections contained in this Agreement are included herein for reference purposes only, solely
for the convenience of the parties hereto, and shall not in any way be deemed to affect the meaning, interpretation or applicability of this Agreement or any term, condition or provision hereof. 
 18. Applicable Law. This Agreement shall be governed by and construed in accordance with the laws of the State of California,
notwithstanding the fact that one or more counterparts hereof may be executed outside of the state, or one or more of the obligations of the parties hereunder are to be performed outside of the state. 
 19. Arbitration. The parties hereby agree that all disputes or claims arising hereunder shall be submitted to arbitration in accordance
with the Employment Dispute Resolution Rules of the American Arbitration Association. The parties expressly agree and acknowledge that any award rendered in such arbitration shall be final, binding and conclusive, and judgement may be entered in any
court of competent jurisdiction upon any such award. Notwithstanding the foregoing, in the event of an actual or threatened breach of Section 11 hereof, the Company shall be entitled to injunctive relief to enjoin or prevent such breach.

 20. Attorneys’ Fees. In the event that any party to this Agreement shall commence any
arbitration or other proceeding to interpret this Agreement, or determine or enforce any right or obligation created hereby, including but not limited to any action for rescission of this Agreement or for a determination that this Agreement is void
or ineffective ab initio, the prevailing party in such arbitration or other proceeding shall recover such party’s costs and expenses incurred in connection therewith, including attorney’s fees and costs of appeal, if any. Any
arbitrator or panel of arbitrators shall, in making any award in any such arbitration or other proceeding, in addition to any and all other relief awarded to such prevailing party, include in such award such party’s costs and expenses as
provided in this Section 20. 
 21. Execution and Counterparts. This Agreement may be executed in any number of
counterparts, each of which when so executed and delivered shall be deemed an original, and such counterparts together shall constitute only one instrument. Any or all of such counterparts may be executed within or outside the State of California.
Any one of such counterparts shall be sufficient for the purpose of proving the existence and terms of this Agreement, and no party shall be required to produce an original or all of such counterparts in making such proof. A binding and valid
signature by Executive or the Company may be submitted by facsimile. 
 22. Covenant of Further Assurances. All parties to this
Agreement shall, upon request, perform any and all acts and execute and deliver any and all certificates, instruments and other documents that may be necessary or appropriate to carry out any of the terms, conditions and provisions hereof or to
carry out the intent of this Agreement. 
 23. Authorization to Work. Executive hereby represents and warrants to the Company,
which representation and warranty Executive acknowledges constituted a material inducement to the Company to enter into this Agreement, that Executive has authorization to work in the United States, and shall, at the request of the Company, provide
documentation of such authorization as provided in the Immigration Reform and Control Act of 1986, and the regulations thereunder. 
 24.
Binding Effect. Subject to the restrictions in Section 29 hereof respecting assignments, this Agreement shall inure to the benefit of and be binding upon all of the parties hereto and their respective executors, administrators,
successors and permitted assigns. 
 25. Compliance with Laws. Nothing contained in this Agreement shall be construed to
require the commission of any act contrary to law, and whenever there is a conflict between any term, condition or provision of this Agreement and any present or future statute, law, ordinance or regulation contrary to which the parties have no
legal right to contract, the latter shall prevail, but in such event the term, condition or provision of this Agreement affected shall be curtailed and limited only to the extent necessary to bring it within the requirement of the law, provided that
such construction is consistent with the intent of the parties as expressed in this Agreement. 
 26. Gender. As used in this
Agreement, the masculine, feminine or neuter gender, and the singular or plural number, shall be deemed to include the others whenever the context so indicates. 
 27. No Third Party Benefit. Nothing contained in this Agreement shall be deemed to confer any right or benefit on any person who is not a party to this Agreement. 

 28. Construction; Representation by Counsel. The parties hereby represent that they have
each been advised by independent counsel with respect to their rights and obligations hereunder. This Agreement shall be construed and interpreted in accordance with the plain meaning of its language, and not for or against either party, and as a
whole, giving effect to all of the terms, conditions and provisions hereof. 
 29. Assignment. Neither party may assign this
Agreement, or any rights hereunder, without the prior express consent of the other party. 
 [Remainder of Page Intentionally Left Blank]

 IN WITNESS WHEREOF, the parties have duly executed this Agreement as of the day and year first
above written. 
  

			
	“Company”
		
		 	 INTRALASE CORP.,
 a Delaware
corporation

		
		 	  
		 	By:
		 	Its:
	
	“Executive”
		
		 	  
		 	 Robert Palmisano1998 Stock Incentive Plan(As Amended)

 Exhibit 10.1 
 AMERICAN LAND LEASE, INC. 
 1998 STOCK INCENTIVE PLAN 
 (As Amended) 
 Section 1. General Purpose of Plan; Definitions. 
 The name of this plan is the American Land Lease, Inc. (formerly known as Asset Investors Corporation) 1998 Stock Incentive Plan (the “Plan”).
The Plan was adopted by the Board on April 21, 1998, subject to the approval of the stockholders of the Company, which approval was obtained on June 30, 1998. The Plan was subsequently amended in 2006 to remove the 15% limitation on the
number of shares reserved for issuance under the Plan pursuant to outstanding awards. The purpose of the Plan is to enable the Company to attract and retain highly qualified personnel who will contribute to the Company’s success by their
ability, ingenuity and industry and to provide incentives to the participating officers, directors, employees, consultants and advisors that are linked directly to increases in stockholder value and will therefore inure to the benefit of all
stockholders of the Company. 
 For purposes of the Plan, the following terms shall be defined as set forth below: 
 (1) “Administrator” means the Board, or if and to the extent the Board does not administer the Plan, the Committee in accordance
with Section 2. 
 (2) “Annual Non-Employee Director Stock Option” means an annual grant of stock options to a
non-employee director of the Company pursuant to Section 5A. 
 (3) “Board” means the Board of Directors of the
Company. 
 (4) “Code” means the Internal Revenue Code of 1986, as amended from time to time, or any successor
thereto. 
 (5) “Committee” means the Compensation Committee of the Board or any committee the Board may
subsequently appoint to administer the Plan. To the extent applicable, the Committee shall be composed entirely of individuals who meet the qualifications referred to in Section 162(m) of the Code and Rule 16b-3 under the Securities Exchange
Act of 1934, as amended. If at any time or to any extent the Board shall not administer the Plan, then the functions of the Board specified in the Plan shall be exercised by the Committee. 
 (6) “Company” means American Land Lease, Inc., a Delaware corporation (or any successor corporation). 
 (7) “Deferred Stock” means an award made pursuant to Section 7 below of the right to receive Stock at the end of a
specified deferral period. 
 (8) “Effective Date” shall mean the date set forth in Section 
  

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 (9) “Eligible Recipient” means an officer, director, employee, consultant or
advisor of the Company or any Subsidiary. 
 (10) “Fair Market Value” means, as of any given date, with respect to
any awards granted hereunder, (A) if the Stock is publicly traded, the closing sale price of the Stock on such date as reported in the Western Edition of the Wall Street Journal, (B) the fair market value of the Stock as determined in
accordance with a method prescribed in the agreement evidencing any award hereunder, or (C) the fair market value of the Stock as otherwise determined by the Administrator in the good faith exercise of its discretion. 
 (11) “Incentive Stock Option” means any Stock Option intended to be designated as an “incentive stock option” within
the meaning of Section 422 of the Code. 
 (12) “Limited Stock Appreciation Right” means a Stock Appreciation
Right that can be exercised only in the event of a “Change of Control” (as defined in Section 13 or as otherwise defined in the award agreement evidencing such Limited Stock Appreciation Right). 
 (13) “Non-Qualified Stock Option” means any Stock Option that is not an Incentive Stock Option, including any Stock Option that
provides (as of the time such option is granted) that it will not be treated as an Incentive Stock Option. 
 (14)
“Parent Corporation” means any corporation (other the Company) in an unbroken chain of corporations ending with the Company, if each of the corporations in the chain (other than the Company) owns stock possessing 50% or more of the
combined voting power of all classes of stock in one of the other corporations in the chain. 
 (15) “Participant”
means any Eligible Recipient selected by the Administrator, pursuant to the Administrator’s authority in Section 2 below, to receive grants of Stock Options, Stock Appreciation Rights, Limited Stock Appreciation Rights, Restricted Stock
awards, Deferred Stock awards, Performance Shares or any combination of the foregoing. 
 (16) “Partnership” means
any operating partnership of the Company or which may hereafter be formed by the Company. 
 (17) “Partnership
Units” means units of limited partnership of the Partnership. 
 (18) “Performance Share” means an award of
shares of Stock pursuant to Section 7 that is subject to restrictions based upon the attainment of specified performance objectives. 
 (19) “Restricted Stock” means an award granted pursuant to Section 7 of shares of Stock subject to certain restrictions. 
  

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 (20) “Stock” means the Common Stock, par value $.01 per share, of the Company.

 (21) “Stock Appreciation Right” means the right pursuant to an award granted under Section 6 to receive an
amount equal to the excess, if any, of (A) the Fair Market Value, as of the date such Stock Appreciation Right or portion thereof is surrendered, of the shares of Stock covered by such right or such portion thereof, over (B) the aggregate
exercise price of such right or such portion thereof. 
 (22) “Stock Option” means any option to purchase shares of
Stock granted pursuant to Section 5 or any Annual Non-Employee Director Stock Option granted pursuant to Section 5A. 
 (23) “Subsidiary” means any corporation (other than the Company) in an unbroken chain of corporations beginning with the Company, if each of the corporations (other than the last corporation) in the unbroken chain owns stock
possessing 50% or more of the total combined voting power of all classes of stock in one of the other corporations in the chain. 
 Section 2.
Administration. 
 The Plan shall be administered in accordance with the requirements of Section 162(m) of the Code (but only to the
extent necessary to maintain qualification of awards under the Plan under Section 162(m) of the Code) and, to the extent applicable, Rule 16b-3 under the Securities Exchange Act of 1934, as amended (“Rule 16b-3”), by the Board or by
the Committee which shall be appointed by the Board and which shall serve at the pleasure of the Board. 
 Pursuant to the terms of the Plan,
the Administrator shall have the power and authority to grant to Eligible Recipients pursuant to the terms of the Plan: (a) Stock Options, (b) Stock Appreciation Rights or Limited Stock Appreciation Rights, (c) Restricted Stock,
(d) Performance Shares, (e) Deferred Stock or (f) any combination of the foregoing. 
 In particular, the Administrator shall
have the authority: 
 (a) to select those Eligible Recipients who shall be Participants; 
 (b) to determine whether and to what extent Stock Options, Stock Appreciation Rights, Limited Stock Appreciation Rights, Restricted Stock, Deferred
Stock, Performance Shares or a combination of the foregoing, are to be granted hereunder to Participants; 
 (c) to determine the number of
shares of Stock to be covered by each such award granted hereunder; 
 (d) to determine the terms and conditions, not inconsistent with the
terms of the Plan, of any award granted hereunder (including, but not limited to, (x) the restrictions applicable to Restricted Stock or Deferred Stock awards and the conditions under which restrictions applicable to such Restricted Stock or
Deferred Stock shall lapse, and (y) the performance goals and periods applicable to the award of Performance Shares); and 
  

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 (e) to determine the terms and conditions, not inconsistent with the terms of the Plan, which shall
govern all written instruments evidencing the Stock Options, Stock Appreciation Rights, Limited Stock Appreciation Rights, Restricted Stock, Deferred Stock, Performance Shares or any combination of the foregoing granted hereunder to Participants.

 The Administrator shall have the authority, in its discretion, to adopt, alter and repeal such administrative rules, guidelines and
practices governing the Plan as it shall from time to time deem advisable; to interpret the terms and provisions of the Plan and any award issued under the Plan (and any agreements relating thereto); and to otherwise supervise the administration of
the Plan. 
 All decisions made by the Administrator pursuant to the provisions of the Plan shall be final, conclusive and binding on all
persons, including the Company and the Participants. 
 Section 3. Stock Subject to Plan. 
 The number of shares of Stock reserved for issuance at any time pursuant to outstanding awards under the Plan shall be limited to 3 million shares of
Stock. The maximum number of shares available for the issuance of ISOs will be 3,000,000 shares. The aggregate number of shares of Stock as to which Stock Options, Stock Appreciation Rights, Restricted Stock, Deferred Stock and Performance Shares
may be granted to any individual during any calendar year may not, subject to adjustment as provided in this Section 3, exceed 80% of the shares of Stock reserved for the purposes of the Plan in accordance with the provisions of this
Section 3. 
 Consistent with the provisions of Section 162(m) of the Code, as from time to time applicable, to the extent that
(i) a Stock Option expires or is otherwise terminated without being exercised, or (ii) any shares of Stock subject to any Restricted Stock, Deferred Stock or Performance Share award granted hereunder are forfeited, such shares shall again
be available for issuance in connection with future awards under the Plan. If any shares of Stock have been pledged as collateral for indebtedness incurred by a Participant in connection with the exercise of a Stock Option and such shares are
returned to the Company in satisfaction of such indebtedness, such shares shall again be available for issuance in connection with future awards under the Plan. 
 In the event of any merger, reorganization, consolidation, recapitalization, stock dividend or other change in corporate structure affecting the Stock, a substitution or adjustment shall be made in (i) the
aggregate number of shares reserved for issuance under the Plan, (ii) the kind, number and option price of shares subject to outstanding Stock Options granted under the Plan, and (iii) the kind, number and purchase price of shares issuable
pursuant to awards of Restricted Stock, Deferred Stock and Performance Shares, in each case as may be determined by the Administrator, in its sole discretion. Such other substitutions or adjustments shall be made as may be determined by the
Administrator, in its sole discretion. An adjusted option price shall also be used to determine the amount payable by the Company upon the exercise of any Stock Appreciation Right or Limited Stock Appreciation Right related to any Stock Option. In
connection with any event described in this paragraph, the Administrator may provide, in its discretion, for the cancellation of any outstanding awards and payment in cash or other property therefor. 
  

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 Section 4. Section 4. Eligibility. 
 Officers, directors and employees of the Company or any Subsidiary, and consultants and advisors to the Company or any Subsidiary, who are responsible for
or are in a position to contribute to the management, growth and/or profitability of the business of the Company shall be eligible to be granted Stock Options, Stock Appreciation Rights, Limited Stock Appreciation Rights, Restricted Stock awards,
Deferred Stock awards or Performance Shares hereunder. The Participants under the Plan shall be selected from time to time by the Administrator, in its sole discretion, from among the Eligible Recipients recommended by the senior management of the
Company, and the Administrator shall determine, in its sole discretion, the number of shares of Stock covered by each award. 
 Section 5. Discretionary
Grants of Stock Options. 
 Stock Options may be granted alone or in addition to other awards granted under the Plan. Any Stock Option granted
under the Plan shall be in such form as the Administrator may from time to time approve, and the provisions of Stock Option awards need not be the same with respect to each optionee. Recipients of Stock Options shall enter into an award agreement
with the Company, in such form as the Administrator shall determine, which agreement shall set forth, among other things, the exercise price of the option, the term of the option and provisions regarding exercisability of the option granted
thereunder. 
 The Stock Options granted under the Plan may be of two types: (i) Incentive Stock Options and (ii) Non-Qualified
Stock Options. 
 The Administrator shall have the authority to grant any officer or employee of the Company (including directors who are
also officers of the Company) Incentive Stock Options, NonQualified Stock Options, or both types of Stock Options (in each case with or without Stock Appreciation Rights or Limited Stock Appreciation Rights). Directors who are not officers of the
Company, consultants and advisors may only be granted Non-Qualified Stock Options (with or without Stock Appreciation Rights or Limited Stock Appreciation Rights). To the extent that any Stock Option does not qualify as an Incentive Stock Option, it
shall constitute a separate NonQualified Stock Option. More than one option may be granted to the same optionee and be outstanding concurrently hereunder. 
 Stock Options granted under the Plan shall be subject to the following terms and conditions and shall contain such additional terms and conditions, not inconsistent with the terms of the Plan, as the Administrator
shall deem desirable: 
 (1) Option Price. The option price per share of Stock purchasable under a Stock Option shall be determined by the
Administrator in its sole discretion at the time of grant but shall not, in the case of Incentive Stock Options, be less than 100% of the Fair Market Value of the Stock on such date and shall not, in any event, be less than the par value (if any) of
the Stock. If an employee owns or is deemed to own (by reason of the attribution rules applicable under Section 424(d) of the Code) more than 10% of the combined voting power of all classes of stock of the Company or any Parent Corporation and
an Incentive Stock Option is granted to such employee, the option price of 
  

 5 

 such Incentive Stock Option (to the extent required by the Code at the time of grant) shall be no less than 110% of the
Fair Market Value of the Stock on the date such Incentive Stock Option is granted. 
 (2) Option Term. The term of each Stock Option shall be
fixed by the Administrator, but no Stock Option shall be exercisable more than ten years after the date such Stock Option is granted; provided, however, that if an employee owns or is deemed to own (by reason of the attribution rules of
Section 424(d) of the Code) more than 10% of the combined voting power of all classes of stock of the Company or any Parent Corporation and an Incentive Stock Option is granted to such employee, the term of such Incentive Stock Option (to the
extent required by the Code at the time of grant) shall be no more than five years from the date of grant. 
 (3) Exercisability. Stock
Options shall be exercisable at such time or times and subject to such terms and conditions as shall be determined by the Administrator at or after grant. The Administrator may provide, in its discretion, that any Stock Option shall be exercisable
only in installments, and the Administrator may waive such installment exercise provisions at any time in whole or in part based on such factors as the Administrator may determine, in its sole discretion. 
 (4) Method of Exercise. Subject to Section 5(3) above, Stock Options may be exercised in whole or in part at any time during the option period, by
giving written notice of exercise to the Company specifying the number of shares to be purchased, accompanied by payment in full of the purchase price in cash or its equivalent, as determined by the Administrator. As determined by the Administrator,
in its sole discretion, payment in whole or in part may also be made (i) by means of any cashless exercise procedure approved by the Administrator, (ii) in the form of unrestricted Stock already owned by the optionee or (iii) in the
case of the exercise of a NonQualified Stock Option, in the form of Restricted Stock or Performance Shares subject to an award hereunder (based, in each case, on the Fair Market Value of the Stock on the date the option is exercised); provided,
however, that in the case of an Incentive Stock Option, the right to make payment in the form of already owned shares may be authorized only at the time of grant. If payment of the option exercise price of a Non-Qualified Stock Option is made in
whole or in part in the form of Restricted Stock or Performance Shares, the shares received upon the exercise of such Stock Option shall be restricted in accordance with the original terms of the Restricted Stock or Performance Share award in
question, except that the Administrator may direct that such restrictions shall apply only to that number of shares equal to the number of shares surrendered upon the exercise of such option. An optionee shall generally have the rights to dividends
and any other rights of a stockholder with respect to the Stock subject to the Stock Option only after the optionee has given written notice of exercise, has paid in full for such shares, and, if requested, has given the representation described in
paragraph (1) of Section 10. 
 The Administrator may require the voluntary surrender of all or a portion of any Stock Option
granted under the Plan as a condition precedent to the grant of a new Stock Option. Subject to the provisions of the Plan, such new Stock Option shall be exercisable at the price, during such period and on such other terms and conditions as are
specified by the Administrator at the time the new Stock Option is granted. Consistent with the provisions of Section 162(m), to the extent applicable, upon their surrender, Stock Options shall be canceled and the shares previously subject to
such canceled Stock Options shall again be available for grants of Stock Options and other awards hereunder. 
  

 6 

 (5) Loans. The Company may make loans available to Stock Option holders in connection with the exercise
of outstanding options granted under the Plan, as the Administrator, in its discretion, may determine. Such loans shall (i) be evidenced by promissory notes entered into by the Stock Option holders in favor of the Company, (ii) be subject
to the terms and conditions set forth in this Section 5(5) and such other terms and conditions, not inconsistent with the Plan, as the Administrator shall determine, (iii) bear interest, if any, at such rate as the Administrator shall
determine, and (iv) be subject to Board approval (or to approval by the Administrator to the extent the Board may delegate such authority). In no event may the principal amount of any such loan exceed the sum of (x) the exercise price less
the par value (if any) of the shares of Stock covered by the option, or portion thereof, exercised by the holder, and (y) any federal, state, and local income tax attributable to such exercise. The initial term of the loan, the schedule of
payments of principal and interest under the loan, the extent to which the loan is to be with or without recourse against the holder with respect to principal or interest and the conditions upon which the loan will become payable in the event of the
holder’s termination of employment shall be determined by the Administrator. Unless the Administrator determines otherwise, when a loan is made, shares of Stock having a Fair Market Value at least equal to the principal amount of the loan shall
be pledged by the holder to the Company as security for payment of the unpaid balance of the loan, and such pledge shall be evidenced by a pledge agreement, the terms of which shall be determined by the Administrator, in its discretion; provided,
however, that each loan shall comply with all applicable laws, regulations and rules of the Board of Governors of the Federal Reserve System and any other governmental agency having jurisdiction. 
 (6) Transferability of Options. Stock Options shall be transferable by the optionee, and all Stock Options shall be exercisable, during the
optionee’s lifetime, only by the optionee or any transferee; provided, that the Administrator may, in its sole discretion, provide for the non-transferability of Stock Options under such terms and conditions as the Administrator shall determine
and set forth in the agreement evidencing such award. Notwithstanding the foregoing, except to the extent permitted by Section 422 of the Code, no Stock Option intended to qualify as an Incentive Stock Option shall be transferable by the
optionee. 
 (7) Termination of Employment or Service. If an optionee’s employment or service as a director, consultant or advisor
terminates by reason of death, disability or for any other reason, the Stock Option may thereafter be exercised to the extent provided in the applicable award agreement, or as otherwise determined by the Administrator. 
 (8) Annual Limit on Incentive Stock Options. To the extent that the aggregate Fair Market Value (determined as of the date the Incentive Stock Option is
granted) of shares of Stock with respect to which Incentive Stock Options granted to an Optionee under this Plan and all other option plans of the Company or its Parent Corporation become exercisable for the first time by the Optionee during any
calendar year exceeds $100,000, such Stock Options shall be treated as NonQualified Stock Options. 
 Section 5A.
Annual Non-Employee Director Stock Option Grants 
 Immediately following each annual meeting of the Company’s stockholders, each then
non-employee director of the Company shall automatically be granted a Non-Qualified Stock Option to purchase 2,800 shares of Stock (an “Annual Non-Employee Director Stock Option”). 
  

 7 

 The terms and conditions of the Annual Non-Employee Director Stock Options granted pursuant to this Section 5A shall
be as follows: 
 (1) Option Term. The term of the option shall be ten (10) years from the date of grant. 
 (2) Exercise Price. The exercise price per share of Stock subject to such option shall be 100% of the Fair Market Value of the Stock on the date of
grant. 
 (3) Vesting and Exercisability. The option shall be 100% vested and exercisable as of the date of grant. 
 (4) Transferability. The option shall be transferable as provided in Section 5(6). 
 (5) Payment of Exercise Price. The exercise price of the option shall be paid in cash or its equivalent as determined by the Administrator. 

(6) Termination of Service. Following termination of service as a director for any reason, the option shall be exercisable as determined by the
Administrator at or after grant. 
 Section 5B. Stock Grants to Non-Employee Directors in Lieu of Meeting Fees

 Each non-employee director of the Company may elect to receive all or any portion of any Meeting Fees in shares of Stock. “Meeting
Fees” shall mean all annual retainers and other fees payable for attendance at each regular or special meeting of the Board or any committees attended by a non-employee director. The number of shares of Stock issuable pursuant to any such
election shall be determined based on (i) the amount of Meeting Fees subject to such election and (ii) the Fair Market Value of the Stock as of the date of grant. If no such election is timely received by the Company, such director shall
receive any Meeting Fees in cash. 
 Section 6. Stock Appreciation Rights and Limited Stock Appreciation Rights.

 (1) Grant and Exercise. Stock Appreciation Rights and Limited Stock Appreciation Rights may be granted either alone (“Free Standing
Rights”) or in conjunction with all or part of any Stock Option granted under the Plan (“Related Rights”). In the case of a Non-Qualified Stock Option, Related Rights may be granted either at or after the time of the grant of such
Stock Option. In the case of an Incentive Stock Option, Related Rights may be granted only at the time of the grant of the Incentive Stock Option. 
 A Related Right or applicable portion thereof granted in conjunction with a given Stock Option shall terminate and no longer be exercisable upon the termination or exercise of the related Stock Option, except that, unless otherwise provided
by the Administrator at the time of grant, a Related Right granted with respect to less than the full number of shares covered by a related Stock Option shall only be reduced if and to the extent that the number of shares covered by the exercise or
termination of the related Stock Option exceeds the number of shares not covered by the Related Right. 
 A Related Right may be exercised by
an optionee, in accordance with paragraph (2) of this Section 6, by surrendering the applicable portion of the related Stock Option. Upon such exercise 
  

 8 

 and surrender, the optionee shall be entitled to receive an amount determined in the manner prescribed in paragraph
(2) of this Section 6. Stock Options which have been so surrendered, in whole or in part, shall no longer be exercisable to the extent the Related Rights have been so exercised. 
 (2) Terms and Conditions. Stock Appreciation Rights shall be subject to such terms and conditions, not inconsistent with the provisions of the Plan, as
shall be determined from time to time by the Administrator, including the following: 
 (a) Stock Appreciation Rights that are Related Rights
(“Related Stock Appreciation Rights”) shall be exercisable only at such time or times and to the extent that the Stock Options to which they relate shall be exercisable in accordance with the provisions of Section 5 and this
Section 6 of the Plan. 
 (b) Upon the exercise of a Related Stock Appreciation Right, an optionee shall be entitled to receive up to,
but not more than, an amount in cash or that number of shares of Stock (or in some combination of cash and shares of Stock) equal in value to the excess of the Fair Market Value of one share of Stock as of the date of exercise over the option price
per share specified in the related Stock Option multiplied by the number of shares of Stock in respect of which the Related Stock Appreciation Right is being exercised, with the Administrator having the right to determine the form of payment.

 (c) Related Stock Appreciation Rights shall be transferable only when and to the extent that the underlying Stock Option would be
transferable under paragraph (6) of Section 5 of the Plan. 
 (d) Upon the exercise of a Related Stock Appreciation Right, the
Stock Option or part thereof to which such Related Stock Appreciation Right is related shall be deemed to have been exercised for the purpose of the limitation set forth in Section 3 of the Plan on the number of shares of Stock to be issued
under the Plan, but only to the extent of the number of shares issued under the Related Stock Appreciation Right. 
 (e) A Related Stock
Appreciation Right granted in connection with an Incentive Stock Option may be exercised only if and when the Fair Market Value of the Stock subject to the Incentive Stock Option exceeds the exercise price of such Stock Option. 
 (f) Stock Appreciation Rights that are Free Standing Rights (“Free Standing Stock Appreciation Rights”) shall be exercisable at such time or
times and subject to such terms and conditions as shall be determined by the Administrator at or after grant. 
 (g) The term of each Free
Standing Stock Appreciation Right shall be fixed by the Administrator, but no Free Standing Stock Appreciation Right shall be exercisable more than ten years after the date such right is granted. 
 (h) Upon the exercise of a Free Standing Stock Appreciation Right, a recipient shall be entitled to receive up to, but not more than, an amount in cash
or that number of shares of Stock (or any combination of cash or shares of Stock) equal in value to the excess of the Fair Market Value of one share of Stock as of the date of exercise over the price per share specified in 
  

 9 

 the Free Standing Stock Appreciation Right (which price shall be no less than 100% of the Fair Market Value of the Stock
on the date of grant) multiplied by the number of shares of Stock in respect of which the right is being exercised, with the Administrator having the right to determine the form of payment. 
 (i) Free Standing Stock Appreciation Rights shall be transferable only when and to the extent that a Stock Option would be transferable under paragraph
(6) of Section 5 of the Plan. 
 (j) In the event of the termination of employment or service of a Participant who has been granted
one or more Free Standing Stock Appreciation Rights, such rights shall be exercisable at such time or times and subject to such terms and conditions as shall be determined by the Administrator at or after grant. 
 (k) Limited Stock Appreciation Rights may only be 
 (l) Upon the exercise of a Limited Stock Appreciation Right, the recipient shall be entitled to receive an amount in cash equal in value to the excess of the “Change of Control Price” (as defined in the agreement evidencing such
Limited Stock Appreciation Right) of one share of Stock as of the date of exercise over (A) the option price per share specified in the related Stock Option, or (B) in the case of a Limited Stock Appreciation Right which is a Free Standing
Stock Appreciation Right, the price per share specified in the Free Standing Stock Appreciation Right, such excess to be multiplied by the number of shares in respect of which the Limited Stock Appreciation Right shall have been exercised.

 Section 7. Restricted Stock, Deferred Stock and Performance Shares. 
 (1) General. Restricted Stock, Deferred Stock or Performance Share awards may be issued either alone or in addition to other awards granted under the
Plan. The Administrator shall determine the Eligible Recipients to whom, and the time or times at which, grants of Restricted Stock, Deferred Stock or Performance Share awards shall be made; the number of shares to be awarded; the price, if any, to
be paid by the recipient of Restricted Stock, Deferred Stock or Performance Share awards; the Restricted Period (as defined in paragraph (3) of this Section 7) applicable to Restricted Stock or Deferred Stock awards; the performance
objectives applicable to Restricted Stock, Performance Share or Deferred Stock awards; the date or dates on which restrictions applicable to such Restricted Stock or Deferred Stock awards shall lapse during such Restricted Period; and all other
conditions of the Restricted Stock, Deferred Stock and Performance Share awards. Subject to the requirements of Section 162(m) of the Code, as applicable, the Administrator may also condition the grant of Restricted Stock, Deferred Stock awards
or Performance Shares upon the exercise of Stock Options, or upon such other criteria as the Administrator may determine, in its sole discretion. The provisions of Restricted Stock, Deferred Stock or Performance Share awards need not be the same
with respect to each recipient. In the discretion of the Administrator, loans may be made to Participants in connection with the purchase of Restricted Stock under substantially the same terms and conditions as provided in Section 5(5) with
respect to the exercise of stock options. 
 (2) Awards and Certificates. The prospective recipient of a Restricted Stock, Deferred

  

 10 

 Stock or Performance Share award shall not have any rights with respect to such award, unless and until such recipient
has executed an agreement evidencing the award (a “Restricted Stock Award Agreement,” “Deferred Stock Award Agreement” or “Performance Share Award Agreement,” as appropriate) and delivered a fully executed copy thereof
to the Company, within a period of sixty days (or such other period as the Administrator may specify) after the award date. Except as otherwise provided below in this Section 7(2), (i) each Participant who is awarded Restricted Stock or
Performance Shares shall be issued a stock certificate in respect of such shares of Restricted Stock or Performance Shares; and (ii) such certificate shall be registered in the name of the Participant, and shall bear an appropriate legend
referring to the terms, conditions, and restrictions applicable to such award. 
 The Company may require that the stock certificates
evidencing Restricted Stock or Performance Share awards hereunder be held in the custody of the Company until the restrictions thereon shall have lapsed, and that, as a condition of any Restricted Stock award or Performance Share award, the
Participant shall have delivered a stock power, endorsed in blank, relating to the Stock covered by such award. 
 With respect to Deferred
Stock awards, at the expiration of the Restricted Period, stock certificates in respect of such shares of Deferred Stock shall be delivered to the participant, or his legal representative, in a number equal to the number of shares of Stock covered
by the Deferred Stock award. 
 (3) Restrictions and Conditions. The Restricted Stock, Deferred Stock and Performance Share awards granted
pursuant to this Section 7 shall be subject to the following restrictions and conditions: 
 (a) Subject to the provisions of the Plan,
and the Restricted Stock Award Agreement, Deferred Stock Award Agreement or Performance Share Award Agreement, as appropriate, governing such award, during such period as may be set by the Administrator commencing on the grant date (the
“Restricted Period”), the Participant shall not be permitted to sell, transfer, pledge or assign shares of Restricted Stock, Performance Shares or Deferred Stock awarded under the Plan; provided, however, that the Administrator may, in its
sole discretion, provide for the lapse of such restrictions (other than those pursuant to any stockholders agreement) in installments and may accelerate or waive such restrictions in whole or in part based on such factors and such circumstances as
the Administrator may determine, in its sole discretion, including, but not limited to, the attainment of certain performance related goals or the Participant’s termination of employment or service, death or disability. 
 (b) Except as provided in paragraph (3)(a) of this Section 7, the Participant shall generally have, with respect to the shares of Restricted
Stock or Performance Shares, all of the rights of a stockholder with respect to such stock during the Restricted Period. The Participant shall generally not have the rights of a stockholder with respect to stock subject to Deferred Stock awards
during the Restricted Period; provided, however, that dividends declared during the Restricted Period with respect to the number of shares covered by a Deferred Stock award shall be paid to the Participant. Certificates for shares of unrestricted
Stock shall be delivered to the Participant promptly after, and only after, the Restricted Period shall expire without forfeiture in respect of such shares of Restricted Stock, Performance Shares or Deferred Stock, except as the Administrator, in
its sole discretion, shall otherwise determine. 
  

 11 

 (c) The rights of holders of Restricted Stock, Deferred Stock and Performance Share awards upon
termination of employment or service for any reason during the Restricted Period shall be set forth in the Restricted Stock Award Agreement, Deferred Stock Award Agreement or Performance Share Award Agreement, as appropriate, governing such awards.

 (d) With respect to awards intended to constitute “qualified performance based compensation for purposes of Section 162(m) of
the Code, the applicable performance goals shall be based on funds from operations, adjusted funds from operations, net income and stock price performance. 
 Section 8. Amendment and Termination. 
 The Board may amend, alter or discontinue the Plan, but no amendment, alteration, or discontinuation shall be made that would impair the rights of a Participant under any award theretofore granted without such
Participant’s consent, or that, without the approval of the stockholders (as described below), would: 
 (1) except as provided in
Section 3, increase the total number of shares of Stock reserved for the purpose of the Plan; 
 (2) change the class of directors,
officers, employees, consultants and advisors eligible to participate in the Plan; or 
 (3) extend the maximum option period under paragraph
(2) of Section 5 of the Plan. 
 Notwithstanding the foregoing, stockholder approval under this Section 8 shall only be
required at such time and under such circumstances as stockholder approval would be required under Section 162(m) of the Code or other applicable law, rule or regulation with respect to any material amendment to any employee benefit plan of the
Company. 
 The Administrator may amend the terms of any award theretofore granted, prospectively or retroactively, but, subject to
Section 3 above, no such amendment shall impair the rights of any holder without his or her consent. 
 Section 9.
Unfunded Status of Plan. 
 The Plan is intended to constitute an “unfunded” plan for incentive compensation. With respect to any
payments not yet made to a Participant by the Company, nothing contained herein shall give any such Participant any rights that are greater than those of a general creditor of the Company. 
 Section 10. General Provisions. 
 (1) The Administrator may require each person purchasing shares pursuant to a Stock 
  

 12 

 Option or otherwise acquiring shares under the Plan to represent to and agree with the Company in writing that such
person is acquiring the shares without a view to distribution thereof. The certificates for such shares may include any legend which the Administrator deems appropriate to reflect any restrictions on transfer. 
 All certificates for shares of Stock delivered under the Plan shall be subject to such stock-transfer orders and other restrictions as the Administrator
may deem advisable under the rules, regulations, and other requirements of the Securities and Exchange Commission, any stock exchange upon which the Stock is then listed, and any applicable federal or state securities law, and the Administrator may
cause a legend or legends to be placed on any such certificates to make appropriate reference to such restrictions. 
 (2) Nothing contained
in the Plan shall prevent the Board from adopting other or additional compensation arrangements, subject to stockholder approval, if such approval is required; and such arrangements may be either generally applicable or applicable only in specific
cases. The adoption of the Plan shall not confer upon any officer, director, employee, consultant or advisor of the Company any right to continued employment or service with the Company, as the case may be, nor shall it interfere in any way with the
right of the Company to terminate the employment or service of any of its officers, directors, employees, consultants or advisors at any time. 
 (3) Each Participant shall, no later than the date as of which the value of an award first becomes includible in the gross income of the Participant for federal income tax purposes, pay to the Company, or make arrangements satisfactory to
the Administrator regarding payment of, any federal, state, or local taxes of any kind required by law to be withheld with respect to the award. The obligations of the Company under the Plan shall be conditional on the making of such payments or
arrangements, and the Company shall, to the extent permitted by law, have the right to deduct any such taxes from any payment of any kind otherwise due to the Participant. 
 (4) No member of the Board or the Administrator, nor any officer or employee of the Company acting on behalf of the Board or the Administrator, shall be
personally liable for any action, determination, or interpretation taken or made in good faith with respect to the Plan, and all members of the Board or the Administrator and each and any officer or employee of the Company acting on their behalf
shall, to the extent permitted by law, be fully indemnified and protected by the Company in respect of any such action, determination or interpretation. 
 Section 11. Effective Date of Plan. 
 The Plan became effective (the “Effective Date”) on
June 30, 1998, the date the Company’s stockholders formally approved the Plan. 
 Section 12. Term of Plan.

 No Stock Option, Stock Appreciation Right, Limited Stock Appreciation Right, Restricted Stock, Deferred Stock or Performance Share award
shall be granted pursuant to the Plan on or after the tenth anniversary of the Effective Date, but awards theretofore granted may extend beyond that date. 
  

 13 

 Section 13. Change of Control. 
 Except as otherwise determined by the Administrator in its sole discretion, the exercisability and vesting of all awards granted under the Plan shall be
accelerated upon the occurrence of a Change of Control. 
 For purposes of the Plan, except as otherwise determined by the Administrator in
its sole discretion, “Change of Control” shall mean the occurrence of any of the following events: 
 (1) An acquisition (other than
directly from the Company) of any voting securities of the Company (“Voting Securities”) by any “person” (as used for purposes of Section 13(d) or Section 14(d) of the Securities Exchange Act of 1934, as amended (the
“Exchange Act”)) immediately after which such person has “beneficial ownership” (within the meaning of Rule 13d-3 promulgated under the Exchange Act) (“Beneficial Ownership”) of 20% or more of the combined voting power
of the Company’s then outstanding Voting Securities; provided, however, in determining whether a Change in Control has occurred, the acquisition of Voting Securities in a Non-Control Acquisition (as hereinafter defined) shall not constitute a
Change in Control. “Non-Control Acquisition” shall mean an acquisition by (A) an employee benefit plan (or a trust forming a part thereof) maintained by (i) the Company or (ii) any corporation, partnership or other person of
which a majority of its voting power or its equity securities or other equity interests is owned directly or indirectly by the Company or of which the Company serves as a general partner or manager (a “Subsidiary”), (B) the Company or
any Subsidiary, or (C) any person in connection with a Non-Control Transaction (as hereinafter defined); or 
 (2) The individuals who
constitute the Board as of the Effective Date (the “Incumbent Board”) cease for any reason to constitute at least two-thirds (2/3) of the Board; provided, however, that if the election, or nomination for election by the Company’s
stockholders, of any new director was approved by a vote of at least two-thirds (2/3) of the Incumbent Board, such new director shall be considered as a member of the Incumbent Board; provided, further, that no individual shall be considered a
member of the Incumbent Board if such individual initially assumed office as a result of either an actual or threatened “election contest” (as described in Rule 14a-11 promulgated under the Exchange Act) (an “Election Contest”)
or other actual or threatened solicitation of proxies or consents by or on behalf of a person other than the Board (a “Proxy Contest”) including by reason of any agreement intended to avoid or settle any Election Contest or Proxy Contest;
or 
 (3) Approval by stockholders of the Company of: (A) a merger, consolidation, share exchange or reorganization involving the
Company, unless (i) the stockholders of the Company, immediately before such merger, consolidation, share exchange or reorganization, own, directly or indirectly immediately following such merger, consolidation, share exchange or
reorganization, at least 80% of the combined voting power of the outstanding voting securities of the corporation that is the successor in such merger, consolidation, share exchange or reorganization (the “Surviving Company”) in
substantially the same proportion as their ownership of Voting Securities immediately before such merger, consolidation, share exchange or reorganization, (ii) the individuals who were members of the Incumbent Board immediately prior to the
execution of the agreement providing for such merger, consolidation, share exchange or reorganization constitute at least two-thirds (2/3) of the members of the board of directors of the Surviving Company, and (iii) no person (other than
the Company or any Subsidiary, any employee benefit 
  

 14 

 plan (or any trust forming a part thereof) maintained by the Company, the Surviving Company or any Subsidiary, or any
person who, immediately prior to such merger, consolidation, share exchange or reorganization had Beneficial Ownership of 15% or more of the then outstanding Voting Securities) has Beneficial Ownership of 15% or more of the combined voting power of
the Surviving Company’s then outstanding voting securities immediately following such merger, consolidation, share exchange or reorganization (a transaction described in clauses (i) through (iii) is referred to herein as
“Non-Control Transaction”); (B) a complete liquidation or dissolution of the Company; or (C) an agreement for the sale or other disposition of all or substantially all of the assets of the Company to any person (other than a
transfer to a Subsidiary). 
 Notwithstanding the foregoing, a Change in Control shall not be deemed to occur solely because any person (a
“Subject Person”) acquires Beneficial Ownership of more than the permitted amount of the outstanding Voting Securities as a result of the acquisition of Voting Securities by the Company that, by reducing the number of Voting Securities
outstanding, increases the proportional number of shares Beneficially Owned by such Subject Person, provided that if a Change in Control would occur (but for the operation of this sentence) as a result of the acquisition of Voting Securities by the
Company, and after such share acquisition by the Company, such Subject Person becomes the Beneficial Owner of any additional Voting Securities that increases the percentage of the then outstanding Voting Securities Beneficially Owned by such Subject
Person, then a Change in Control shall occur. 
  

 15

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