Document:

EX-10.1

 Exhibit 10.1 
 TD AMERITRADE HOLDING CORPORATION 
 RESTRICTED STOCK UNIT AGREEMENT

 TD Ameritrade Holding Corporation (the “Company”) hereby grants you, Marvin S. Adams (the “Grantee”),
the number of Restricted Stock Units indicated below under the Company’s 1996 Long-Term Incentive Plan (the “Plan”). Unless otherwise defined herein, the terms defined in the Plan shall have the same defined meanings in this
Restricted Stock Unit Agreement (the “Agreement”) and each Appendix. Subject to the provisions of Appendix A and B (attached) and of the Plan, the principal terms of this grant are as follows: 

 

			
	Grant Date:	  	[Date]
		
	Total Number of	  	
	Restricted Stock Units:	  	[Number]
		  	This reflects the total number of Restricted Stock Units granted to you on the Grant Date, and shall be increased as of any date by the cumulative number of additional Restricted
Stock Units, if any, credited by this Agreement through such date in payment of Dividend Equivalent Rights as described in paragraph 30 of Appendix A (attached) to this Agreement. *
		
	Scheduled Vesting:	  	The Restricted Stock Units will vest in accordance with the schedule set forth in Appendix A and B (attached) and provisions of the Plan and this Agreement.
		
	Settlement Date:	  	One Share will be issued for each Restricted Stock Unit that has vested on the Vesting Date specified in Appendix A and B (or on a date as soon as practicable, and no more than
thirty (30) days, thereafter).
		
	Acceptance:	  	You must accept this grant of Restricted Stock Units prior to the Acceptance Deadline, which is sixty (60) days from the Grant Date.

  

	*	Except as otherwise provided in this Agreement, or by the terms of the Plan, you will not vest in the Restricted Stock Units unless you remain employed by the Company
or one of its Related Entities through the applicable Vesting Date. 

 Your signature below indicates your agreement and understanding that this grant is subject
to all of the terms and conditions contained in the Plan and this Agreement, including Appendix A and Appendix B. Important additional information on vesting, forfeiture and the actual issuance of the Shares in settlement of the Restricted
Stock Units covered by this grant are contained in paragraphs 4 through 15 of Appendix A. PLEASE BE SURE TO READ ALL OF APPENDIX A AND APPENDIX B, WHICH CONTAIN THE SPECIFIC TERMS AND CONDITIONS OF THIS AGREEMENT.

 THIS AGREEMENT MUST BE ACCEPTABLE BY YOU BY THE ACCEPTANCE DEADLINE, OR THIS GRANT OF RESTRICTED STOCK UNITS WILL
AUTOMATICALLY BE CANCELED. 
  

			
	TD AMERITRADE HOLDING CORPORATION
		
	By:	 	
	Title:	 	

  

	
	ACCEPTED BY THE GRANTEE
	
	 
	Print Name
	
	 
	Signature
	
	 
	Acceptance Date (must be within sixty (60) days of the Grant Date)

  
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 APPENDIX A 
 TERMS AND CONDITIONS OF RESTRICTED STOCK UNITS 
 1. Grant. The Company
hereby grants to the Grantee under the Plan at the per share price of $.01, equal to the par value of a Share, the number of Restricted Stock Units indicated in the Notice of Grant, subject to all of the terms and conditions in the Agreement,
Appendix A and B and the Plan. 
 2. No Payment of Purchase Price Necessary. When the Restricted Stock Units are settled through
the issuance of Shares to the Grantee, the par value of the underlying Company Stock will be deemed paid by the Grantee for each Restricted Stock Unit through the past services rendered by the Grantee, and such deemed payment will be subject to the
appropriate tax withholdings. 
 3. Company’s Obligation to Pay. Each Restricted Stock Unit represents a right to receive,
on the Vesting Date, one Share for each vested Restricted Stock Unit. Unless and until the Restricted Stock Units have vested in the manner set forth in this Agreement and Appendix A and B, the Grantee will have no right to receive settlement of
Shares underlying such Restricted Stock Units. Prior to the settlement of any vested Restricted Stock Units, such Restricted Stock Units will represent an unsecured obligation. Payment of any vested Restricted Stock Units will be made in Shares.

 4. Vesting Schedule. Except as otherwise provided in paragraph 5 of this Appendix A, the Restricted Stock Units awarded
by this Agreement are scheduled to vest in accordance with the vesting schedule set forth in Appendix B. Restricted Stock Units scheduled to vest on any applicable date actually will vest only if the Grantee continues to be an Employee through such
date. 
 5. Committee Discretion. The Committee, in its discretion, may accelerate the vesting of the balance, or some lesser
portion of the balance, of the Restricted Stock Units at any time, subject to the terms of the Plan. If so accelerated, such Restricted Stock Units will be considered as having vested as of the date specified by the Committee. 

6. Issuance of Shares after Vesting. Each Restricted Stock Unit that becomes vested under this Agreement will be
settled by the Company through the issuance of Shares to the Grantee (or in the event of the Grantee’s death, to his or her estate) as soon as administratively practicable following the Vesting Date, subject to paragraph 15, and in no
event later than the thirtieth (30th) day following
the Vesting Date. 
 7. Forfeiture Upon Ceasing to be an Employee. Other than as provided in paragraphs 9 through 14, and
notwithstanding any contrary provision of this Agreement, Appendix A and Appendix B, the balance of the Restricted Stock Units that have not vested pursuant to paragraphs 4 or 5 at the time the Grantee ceases to be an Employee will be forfeited and
automatically transferred to and reacquired by the Company at no cost to the Company. The Grantee shall not be entitled to a refund of any price paid for the Restricted Stock Units forfeited to the Company pursuant to this paragraph 7.

 8. Forfeiture or Repayment in Connection with Certain Events. 

(a) Forfeiture or Repayment. Notwithstanding any contrary provision of this Agreement, Appendix A, Appendix B or the terms of any written
agreement between the Company and the Grantee (including specifically any written employment, severance or change in control agreement) if the Committee determines (in its sole discretion, but acting in good faith) that a Clawback Event has occurred
at any time while the Grantee is an Employee and such determination is made no later than three (3) years following the Grant Date, then: (i) the balance of the Restricted Stock Units that have not vested as of the date of such event may,
in the sole discretion of the Committee, be forfeited and automatically transferred to and reacquired by the Company at no cost to the Company; (ii) any Shares previously issued under this Agreement to the Grantee for vested Restricted Stock
Units that have not been sold, transferred or otherwise disposed of by the Grantee may, in the sole discretion of the Committee, be forfeited and automatically transferred to and reacquired by the Company at no cost to the Company; and (iii) if
the Shares previously issued under this Agreement to the Grantee for vested Restricted Stock Units have been sold, transferred or otherwise disposed of by the Grantee, the Gain realized by the Grantee (or that would have been realized had the
Grantee sold the Shares in an arms-length transaction) will be paid by the Grantee to the Company, if the Committee, in its sole discretion, requires such payment. If, with respect to subsections (ii) and/or (iii) in the preceding
sentence, the Grantee refuses to transfer the Shares to the Company and/or make a payment to the Company equal to the Gain, the Company will, if directed by the Committee, in its sole discretion, and subject to applicable law (including any Code
Section 409A considerations), recover the value of such Shares and/or Gain and, if applicable, the amount of its court costs, attorneys’ fees and other costs and expenses incurred in connection with enforcing this paragraph 8 by
(w) reducing the amount that would otherwise be payable to the Grantee under any compensatory plan, program or arrangement maintained by the Company or any Subsidiary, (x) withholding payment of future increases in compensation (including
the payment of any discretionary bonus amount) or grants of compensatory awards that would otherwise have been made in accordance with the Company’s (or a Subsidiary’s) otherwise applicable compensation practices, (y) reducing any
severance benefits that would otherwise be payable or provided to the Grantee under any plan, program or arrangement maintained or entered into by the Company or any Subsidiary (including specifically under any employment or severance agreement) or
(z) by any combination of the foregoing. 
 (b) Discretion to Reduce Amount Subject to Forfeiture or Repayment. In the
event of a Clawback Event described in paragraph 8(c)(i)(A) below and the Restricted Stock Units were issued to the Grantee as payment (in whole or part) for an award earned under the Company’s Management Incentive Plan (or any other bonus plan
of the Company), the Committee may, in its sole discretion, limit the amount to be forfeited by the Grantee and/or recovered from the Grantee to the amount by which the award earned under the applicable bonus plan exceeded the amount that would have
been earned had the financial statements been initially filed as restated, as determined by the Committee in accordance with the terms and conditions of the applicable bonus plan. In the event the Committee exercises such discretion, if the award
earned under the applicable bonus plan was paid in cash and the Restricted Stock Units, the Committee will have discretion to determine how the amount to be recovered will be allocated among the portion paid in cash and the portion

  
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paid in Restricted Stock Units. The amount of Restricted Stock Units, if any, subject to forfeiture or repayment will be covered in the following order: first, unvested Restricted Stock Units
that remain outstanding; then, Shares previously issued under this Agreement to the Grantee for vested Restricted Stock Units that have not been sold, transferred or otherwise disposed of by the Grantee; and finally, Gain realized (or that would
have been realized in an arms-length transaction) by the Grantee from the sale, transfer or disposition of Shares previously issued under this Agreement to the Grantee for vested Restricted Stock Units. 

(c) Definitions. 
 (i) For purposes of this Agreement, Appendix A and Appendix B, a “Clawback Event” shall mean one or more of the following: (A) any of the Company’s financial statements are required to
be restated resulting from fraud or willful misconduct by the Grantee or any other person, provided that the Grantee knew or should have known of such fraud or willful misconduct; or (B) any act of fraud, negligence or breach of fiduciary duty
by the Grantee or any other person, provided that the Grantee knew or should have known of such fraud, negligence or breach of fiduciary duty, resulting in material loss, damage or injury to the Company. 

(ii) For purposes of this Agreement, Appendix A and Appendix B, “Gain” shall mean the Fair Market Value of a Share on the date
of sale, transfer or other disposition, multiplied by the number of Shares sold, transferred or otherwise disposed of. 
 (d)
Restrictions on Sale of Stock Pending Determination of Clawback Event. If the Company reasonably believes that a Clawback Event has occurred, the Grantee understands and agrees that the Company may, in its sole discretion, restrict the
Grantee’s ability to directly or indirectly sell, offer, contract or grant any option to sell (including without limitation any short sale), pledge, swap, hedge, transfer, or otherwise dispose of any shares of Company common stock held by the
Grantee in his or her Company brokerage account (whether issued in connection with this Agreement or otherwise) pending a final determination by the Committee that a Clawback Event has or has not occurred. Such determination shall be made as soon as
administratively practicable but in no event will the Grantee be restricted in accordance with the preceding sentence for more than that period of time reasonably necessary for the Committee to determine the existence of a Clawback Event. The
Grantee further understands and agrees that that the Company shall have no responsibility or liability for any fluctuations that occur in the price of the Company’s common stock or for any potential loss or gain the Grantee could have realized
from the sale of his or her shares of Company common stock during the period of time in which the Grantee is restricted in accordance with this paragraph 8(d). 
 (e) Change of Control. Notwithstanding any contrary provision of this Agreement, Appendix A or Appendix B, this paragraph 8 will expire and have no further force or effect upon a Change of Control. Solely
with respect to this paragraph 8, a “Change of Control” shall not be deemed to have occurred if the Company’s outstanding Shares or substantially all of the Company’s assets are purchased by TD Bank Financial Group. 

  
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 (f) No Waiver. Any failure by the Company to assert the forfeiture and repayment rights
under this paragraph with respect to specific claims against the Grantee shall not waive, or operate to waive, the Company’s right to later assert its rights hereunder with respect to other or subsequent claims against the Grantee. 

(g) No Limitation on Remedies. The Company’s forfeiture and repayment rights under this paragraph shall be in addition to, and not
in lieu of, actions the Company may take to remedy or discipline any misconduct by the Grantee including, but not limited to, termination of employment or initiation of appropriate legal action. 

(h) Grantee Acknowledgement and Agreement. Without limiting the generality of any other provision herein regarding the Grantee’s
understanding of and agreement to the terms and conditions of this Agreement, Appendix A and Appendix B, by signing this Agreement, the Grantee specifically acknowledges that he or she has read and understands this paragraph 8 and agrees to the
terms and conditions of this paragraph, including but not limited to the forfeiture and repayment provisions of paragraph 8(a). 

9. Death of Grantee. In the event that the Grantee ceases to be an Employee due to his or her death prior to the Vesting Date, the
Restricted Stock Units will vest and be settled by the Company through the issuance of Shares to the administrator or executor of the Grantee’s estate, on a date as soon as practicable after the date of the Grantee’s death. The Company may
require any administrator or executor of the Grantee’s estate to furnish (a) written notice of his or her status as transferee, or (b) evidence satisfactory to the Company to establish the validity of the transfer and compliance with
Applicable Laws pertaining to the transfer of the Shares underlying the Restricted Stock Units. 
 10. Disability of Grantee. In
the event that the Grantee ceases to be an Employee due to his or her Disability prior to the Vesting Date, the Restricted Stock Units will vest and be settled by the Company through the issuance of Shares to the Grantee on a date as soon as
practicable after the date of the Grantee’s Disability. 
 11. Resignation of Grantee. In the event
that the Grantee ceases to be an Employee due to his or her voluntary resignation of employment with the Company on or after December 1, 2016, the Restricted Stock Units will vest and be settled by the Company through the issuance of Shares to
the Grantee on a date as soon as practicable after the effective date of the Grantee’s resignation, subject to paragraph 15, and in no event later than the thirtieth (30th) day following the resignation date. A voluntary resignation in anticipation of an involuntary termination of
employment for “Cause” (as defined below) will not qualify the Grantee for accelerated vesting under this paragraph 11. 
 12. Termination of Employment without Cause. In the event that the Grantee’s employment is terminated by the Company without “Cause” (as defined below) prior to the Vesting Date, then the
actual number of Shares to be issued upon settlement of the Restricted Stock Units, so long as permissible by the terms of the Plan, will be determined as follows: (A) the total number of Restricted Stock Units subject to this award shall be
pro-rated based on the number of twelve (12)

  
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month periods which have elapsed since the Date of Grant and through the date of the Grantee’s termination of employment, then such pro-rated number of Restricted Stock Units shall
(B) vest in accordance with, and pursuant to, paragraph 4. For the purposes of this Agreement, “Cause” shall mean the Grantee’s: (a) failure to substantially perform his or her duties as an Employee, other than due to
illness, injury or Disability; (b) willful engaging in conduct which is materially injurious to the Company; (c) misconduct involving serious moral turpitude, or any conviction of, or plea of nolo contendre to, a criminal offense arising
out of a breach of trust, embezzlement or fraud committed against the Company by the Grantee in the course of the Grantee’s employment with the Company; (d) any violation of paragraph 14 of this Appendix A; or (e) any other action
which might be considered “gross misconduct” under the Company’s applicable associate handbook. 
 13.
Termination of Employment following Change of Control. In the event that the Grantee’s employment is terminated by the Company for any reason, other than for Cause (as defined above) within twenty-four (24) months following a Change of
Control and prior to the Vesting Date, the Restricted Stock Units will vest and be settled by the Company through the issuance of Shares to the Grantee on a date as soon as practicable after the date of the Grantee’s termination of employment
(but not later than thirty (30) days after termination of employment). 
 14. Non-solicitation and Non-competition. The
receipt of any Shares pursuant to this award will be subject to the Grantee (i) for the period of his or her employment with the Company and for a period of twenty-four (24) months after the termination of his or her employment with the
Company, not directly or indirectly soliciting customers of the Company in an attempt to have such customers cease their relationship with the Company or soliciting any employee of the Company for employment with any employer other than the Company;
and (ii) for the period of his or her employment with the Company and for a period of twelve (12) months after the termination of his or her employment with the Company, not directly or indirectly engaging in, having any ownership interest
in or participating in any entity which is engaged in any activities and for any business competitive with any of the primary businesses conducted by the Company or any of its Affiliates. The term “primary businesses” is defined as an
on-line brokerage business, including active trader and long term investor client segments, and also includes any such other business formally proposed to be conducted by the Company during the 12 month period prior to the Grantee’s date of
termination. To the extent the Grantee has violated any term and condition of this paragraph 14, the Restricted Stock Units prior to settlement shall be forfeited pursuant to paragraph 7 and if Shares of Company Stock have already been issued to the
Grantee, then the Grantee shall be required to either return the Shares or forfeit any gain recognized by the Grantee from the sale of such Shares. 
 15. Withholding of Taxes. When the Shares are issued in settlement for vested Restricted Stock Units, the Grantee will recognize immediate U.S. taxable income if the Grantee is a U.S. taxpayer. If the
Grantee is a non-U.S. taxpayer, the Grantee will be subject to applicable taxes in his or her jurisdiction. The Company (or the employing Related Entity) will withhold a portion of the Shares or cash otherwise issuable in settlement for vested
Restricted Stock Units that have an aggregate market value sufficient to pay the minimum federal, state and local income, employment and any other applicable taxes required to be withheld by the Company (or the employing Related Entity) with respect
to the Shares. Withholding will occur at the time that the Company (or the 

  
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employing Related Entity) determines is necessary or appropriate to comply with applicable law, which may be before the Restricted Stock Units are due to be settled. No fractional Shares will be
withheld or issued pursuant to the grant of Restricted Stock Units and the issuance of Shares thereunder. By accepting this Award, the Grantee expressly consents to the withholding of Shares as provided for in this paragraph 15. All income and
other taxes and withholding related to the Restricted Stock Unit award and any Shares delivered in payment thereof are the sole responsibility of the Grantee. 
 16. Rights as Stockholder. Except as provided pursuant to the Dividend Equivalent Rights provided in paragraph 30, neither the Grantee nor any person claiming under or through the Grantee shall have any
of the rights or privileges of a stockholder of the Company in respect of any Shares deliverable hereunder unless and until certificates representing such Shares (which may be in book entry form) shall have been issued, recorded on the records of
the Company or its transfer agents or registrars, and delivered to the Grantee (including through electronic delivery to a brokerage account) after the Vesting Date. After such issuance, recordation and delivery, the Grantee will have all the rights
of a stockholder of the Company with respect to voting such Shares and receipt of dividends and distributions on such Shares. 

17. No Effect on Employment or Service. The Grantee acknowledges and agrees that this Agreement and Appendix A and B and the transactions
contemplated hereunder do not constitute an express or implied promise of continued service or employment as an Employee for any period, or at all, and shall not interfere with the Grantee’s right or the Company’s (or employing Related
Entity’s) right to terminate the Grantee’s relationship as an Employee at any time, with or without Cause. 
 18.
Address for Notices. Any notice to be given to the Company under the terms of this Agreement shall be addressed to the Company, in care of its General Counsel, at 6940 Columbia Gateway Drive, Suite 200, Columbia, Maryland 21046, or at such other
address as the Company may hereafter designate in writing. 
 19. Grant is Not Transferable. Except to the limited extent
provided in paragraph 9 above, this grant and the rights and privileges conferred hereby shall not be transferred, assigned, pledged or hypothecated in any way (whether by operation of law or otherwise) and shall not be subject to sale under
execution, attachment or similar process. Upon any attempt to transfer, assign, pledge, hypothecate or otherwise dispose of this grant, or of any right or privilege conferred hereby, or upon any attempted sale under any execution, attachment or
similar process, this grant and the rights and privileges conferred hereby immediately shall become null and void. 
 20.
Restrictions on Sale of Stock. The Shares issued as settlement for the payment for any vested Restricted Stock Units awarded under this Agreement will be registered under the federal securities laws and will be freely tradable upon receipt. However,
the Grantee’s subsequent sale of the Shares will be subject to paragraph 8(d) above, any market blackout-period that may be imposed by the Company and must comply with the Company’s insider trading policies, and any other applicable
securities laws. In addition, the Shares issued as settlement for the payment of any vested Restricted Stock Units awarded under this Agreement will also be subject to any applicable ownership guidelines and Share ownership holding periods which may
be currently in effect under the Company’s trading policy. 

  
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 21. Binding Agreement. Subject to the limitation on the transferability of this grant
contained herein, this Agreement shall be binding upon and inure to the benefit of the heirs, legatees, legal representatives, successors and assigns of the parties hereto. 

22. Conditions for Issuance of Certificates for Stock. The Shares deliverable to the Grantee may be either
previously authorized but unissued Shares or issued Shares which have been reacquired by the Company. The Company shall not be required to issue any certificate or certificates for Shares hereunder prior to fulfillment of all the following
conditions: (a) the admission of such Shares to listing on all stock exchanges on which such class of stock is then listed; and (b) the completion of any registration or other qualification of such Shares under any state or federal law or
under the rulings or regulations of the Securities and Exchange Commission or any other governmental regulatory body, which the Committee shall, in its absolute discretion, deem necessary or advisable; and (c) the obtaining of any approval or
other clearance from any state or federal governmental agency, which the Committee shall, in its absolute discretion, determine to be necessary or advisable; provided that issuance of certificates for Shares hereunder is to be made in no event later
than the thirtieth (30th) day following the Vesting
Date. 
 23. Plan Governs. This Agreement and Appendix A and B is subject to all terms and provisions of the Plan. In the event
of a conflict between one or more provisions of this Agreement and Appendix A and B and one or more provisions of the Plan, the provisions of the Plan shall govern. Capitalized terms used and not defined in this Agreement and Appendix A and B shall
have the meaning set forth in the Plan. 
 24. Committee Authority. The Committee shall have the power to interpret the Plan and
this Agreement and Appendix A and B and to adopt such rules for the administration, interpretation and application of the Plan as are consistent therewith and to interpret or revoke any such rules (including, but not limited to, the determination of
whether or not any Restricted Stock Units have vested). All actions taken and all interpretations and determinations made by the Committee shall be final and binding upon the Grantee, the Company and all other persons. The Committee shall not be
personally liable for any action, determination or interpretation made in good faith with respect to the Plan or this Agreement and Appendix A and B. 
 25. Captions. Captions provided herein are for convenience only and are not to serve as a basis for interpretation or construction of this Agreement and Appendix A and B. 

26. Agreement Severable. In the event that any provision in this Agreement and Appendix A and B shall be held invalid or unenforceable,
such provision shall be severable from, and such invalidity or unenforceability shall not be construed to have any effect on, the remaining provisions of this Agreement and Appendix A and B. 

  
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 27. Entire Agreement. Other than to the extent any written employment agreement between the
Grantee and the Company provides for (a) treatment different or (b) the definition of terms different, than that which is provided by this Agreement and Appendix A and B, this Agreement and Appendix A and B constitutes the entire
understanding of the parties on the subjects covered. The Grantee expressly warrants that he or she is not executing this Agreement and Appendix A and B in reliance on any promises, representations, or inducements other than those contained herein.

 28. Modifications to the Agreement. The Grantee expressly warrants that he or she is not accepting this Agreement in reliance
on any promises, representations, or inducements other than those contained herein. Modifications to this Agreement or the Plan can be made only in an express written contract executed by a duly authorized officer of the Company. 

29. Amendment, Suspension or Termination of the Plan. By accepting this award, the Grantee expressly warrants that he or she has a right
to receive Shares under, and subject to the terms and conditions of, the Plan and this Agreement and Appendix A and B, and has received, read and understood the Plan and this Agreement and Appendix A and B. The Grantee understands that the Plan is
discretionary in nature and may be modified, suspended or terminated by the Company at any time. 
 30. Dividend Equivalent
Rights. Subject to the provisions of this paragraph 30, the number of Restricted Stock Units subject to this Agreement shall be increased by such additional Restricted Stock Units in an amount determined by the following formula: X = (A x B) / C;
where: 
  

	 	•	 	 “X” is the number of whole Restricted Stock Units to be credited (which shall be rounded down to the next whole Share as no fractional Shares
shall be credited pursuant to this Dividend Equivalent Right); 

  

	 	•	 	 “A” is the amount of cash dividends paid by the Company to stockholders with respect to one Share; 

 

	 	•	 	 “B” is the number of whole Restricted Stock Units remaining subject to this Agreement as of the cash dividend record date but immediately
prior to the application of this paragraph 30; and 

  

	 	•	 	 “C” is the Fair Market Value of a Share on the cash dividend payment date. 

The Grantee will be entitled to additional Restricted Stock Units in accordance with this paragraph 30 only if the Grantee remains an Employee
continuously through the applicable Record Date. If a Settlement Date occurs before the cash dividend payment date, and the Grantee (if eligible in accordance with the preceding sentence) did not otherwise receive any additional Restricted Stock
Units with respect to such Shares issued on the applicable Settlement Date, the Grantee shall nevertheless be entitled to receive either additional Shares or cash in lieu of such Restricted Stock Units, as determined by the Committee, in an amount
determined pursuant to this paragraph 30, which shall be immediately settled through the issuance of Shares or cash, as applicable, on the cash dividend payment date (or as soon as reasonably practicable thereafter but not later than thirty
(30) days after the dividend payment date) by deposit to the Grantee’s Company brokerage account. 

  
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Such additional Restricted Stock Units shall be subject to the same terms and conditions and shall be settled in the same manner and at the same time as to which applied to each underlying Share
pursuant to which the Dividend Equivalent Rights were paid. 
 31. Code Section 409A. Notwithstanding anything to the
contrary in the Agreement, Appendix A and B and/or the Plan, if the Company reasonably determines that Section 409A of the Code will result in the imposition of additional tax with respect to the settlement of the Shares underlying the
Restricted Stock Units on account of the Grantee’s separation from service (as defined in Section 409A of the Code), the Shares (and/or at the election of the Grantee the cash received from the sale of the Shares underlying the vested
Restricted Stock Units) will not be paid to the Grantee until the date six (6) months and one (1) day following the date of the Grantee’s separation from service. 

32. Notice of Governing Law. This grant of Restricted Stock Units shall be governed by, and construed in accordance with, the laws of the
State of Nebraska without regard to principles of conflict of laws. 

  
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 APPENDIX B 
 VESTING SCHEDULE 
 OF RESTRICTED STOCK UNITS 

The vesting of the Restricted Stock Units subject to this award shall be determined based on the following schedule (except as otherwise
provided in Appendix A): 
 The Vesting Date shall be the third (3rd) anniversary of the Date of Grant. One hundred percent
(100%) of the Restricted Stock Units shall become vested on such Vesting Date. 
 The Settlement Date,
when the vested Restricted Stock Units, if any, will be settled by issuing Shares to the Grantee shall be the date, as soon as reasonable practicable following the date the applicable Restricted Stock Units have vested in accordance with the terms
of the Plan, the Agreement and this Appendix B, but in no event later than the thirtieth (30th) day following such date. 

  
 -10-Fourth Amendment to Amended and Restated Credit Agreement

 Exhibit 10.1 
 FOURTH AMENDMENT TO AMENDED AND RESTATED CREDIT AGREEMENT 
 This FOURTH
AMENDMENT TO AMENDED AND RESTATED CREDIT AGREEMENT (the “Amendment”) is entered into as of November 16, 2012, among PLANAR SYSTEMS, INC., an Oregon corporation (the “Borrower”), and BANK OF AMERICA, N.A., a
national banking association (the “Lender”). 
 RECITALS 

A. Borrower and Lender are each a party to that certain Amended and Restated Credit Agreement dated as of December 1, 2009 (as
amended, restated, extended, supplemented or otherwise modified from time to time, the “Credit Agreement;” the terms defined therein being used herein as therein defined), pursuant to which and subject to the terms and conditions
therein contained, Lender agreed to make loans to Borrower and to issue letters of credit for the account of Borrower. 
 B. The
Credit Agreement contains certain financial covenants binding upon Borrower, including Section 6.12(a) thereof that requires Borrower to maintain Tangible Net Worth as of the end of each fiscal quarter equal to $48,000,000 plus
50% of net income (without subtracting net losses) of Borrower earned in each quarterly accounting period commencing after September 30, 2010. 
 C. Borrower has requested that Lender amend Section 6.12(a) of the Credit Agreement to require Borrower to maintain Tangible Net Worth as of the end of each fiscal quarter equal to $38,000,000
plus 50% of net income (without subtracting net losses) of Borrower earned in each quarterly accounting period commencing after June 30, 2012, which Lender has agreed to do, subject to the terms and conditions of this Amendment.

 NOW THEREFORE, in consideration of the foregoing, and for other good and valuable consideration receipt of which is hereby
acknowledged, the parties agree as follows: 
 AGREEMENT 

1. Definitions; Interpretation. All capitalized terms used in this Amendment and not otherwise defined herein have the meanings
specified in the Credit Agreement. The rules of construction and interpretation specified in Sections 1.02 and 1.05 of the Credit Agreement also apply to this Amendment and are incorporated herein by this reference. 

2. Amendments to Credit Agreement. The Credit Agreement is hereby amended as follows: 

(a) Amendment Section 1.01. In the definition of Applicable Rate set forth in Section 1.01, clause
(d) thereof is amended and restated to read: 
 (d) with respect to the commitment fee, 0.30%. 

(b) Amendment to Section 6.12. In Section 6.12, subsection (a) thereof is amended and restated to read:

 (a) Tangible Net Worth. Maintain Tangible Net Worth as of the end of each fiscal quarter equal to
$38,000,000, adjusted by adding 50% of net income (without subtracting net losses) of Borrower and its Subsidiaries on a consolidated basis, earned in each quarterly accounting period commencing after June 30, 2012. 

  
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 3. Conditions to Effectiveness. Notwithstanding anything contained herein to the
contrary, this Amendment shall become effective as of November 16, 2012; provided that each of the following conditions is fully and simultaneously satisfied on or before November 23, 2012: 

(a) Delivery of Amendment. Borrower and Lender shall have executed and delivered counterparts of this Amendment to each other;

 (b) Confirmation of Guarantors. Each Guarantor shall have executed and delivered to Lender a Consent of Guarantors in
the form of Annex 1 hereto; 
 (c) Authorization. Lender shall have received the following, each in form and
substance and dated as of a date satisfactory to Lender: 
 (i) such certificates of resolutions or other action,
incumbency certificates and/or other certificates of Responsible Officers of each Loan Party as Lender may require to establish the identities of and verify the authority and capacity of each Responsible Officer thereof authorized to act as a
Responsible Officer in connection with this Amendment, the attached Consent of Guarantors, and the other Loan Documents to which such Loan Party is a party; 
 (ii) such evidence as Lender may reasonably require to verify that each Loan Party is duly organized or formed, validly existing, in good standing and qualified to engage in business in each jurisdiction
in which it is required to be qualified to engage in business, including certified copies of each Loan Party’s Organization Documents, certificates of good standing and/or qualification to engage in business; and 

(d) Representations True; No Default. The representations of Borrower as set forth in Article V of the Credit
Agreement shall be true on and as of the date of this Amendment with the same force and effect as if made on and as of this date or, if any such representation or warranty is stated to have been made as of or with respect to a specific date, as of
or with respect to such specific date. No Event of Default and no event which, with notice or lapse of time or both, would constitute an Event of Default, shall have occurred and be continuing or will occur as a result of the execution of this
Amendment. 
 4. Representations and Warranties. Borrower hereby represents and warrants to Lender that each of the
representations and warranties set forth in Article V of the Credit Agreement is true and correct as if made on and as of the date of this Amendment or, if any such representation or warranty is stated to have been made as of or with
respect to a specific date, as of or with respect to such specific date. Borrower expressly agrees that it shall be an additional Event of Default under the Credit Agreement if any representation or warranty made by Borrower hereunder shall prove to
have been incorrect in any material respect when made. 
 5. No Further Amendment. Except as expressly modified by this
Amendment, the Credit Agreement and the other Loan Documents shall remain unmodified and in full force and effect and the parties hereby ratify their respective obligations thereunder. References in the Credit Agreement to “this Agreement”
(and indirect references such as “hereunder”, “hereby”, “herein”, and “hereof”) and in any Loan Document to the Credit Agreement shall be deemed to be references to the Credit Agreement as modified hereby.

 6. Reservation of Rights. Borrower acknowledges and agrees that the execution and delivery by Lender of this Amendment
shall not be deemed to create a course of dealing or otherwise obligate Lender to forbear or execute similar amendments under the same or similar circumstances in the future. 
 7. Miscellaneous. 
 (a) Governing Law. THIS AMENDMENT SHALL BE
GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAW OF THE STATE OF OREGON; PROVIDED THAT LENDER SHALL RETAIN ALL RIGHTS ARISING UNDER FEDERAL LAW. 
 (b) Counterparts. This Amendment may be executed in one or more counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument.

  
 2 

 (c) Integration. This Amendment, together with the other Loan Documents, comprises
the complete, final and integrated agreement of the parties on the subject matter hereof and thereof and supersedes all prior agreements, written or oral, on such subject matter. 

(d) Severability. Any provision of this Amendment that is prohibited or unenforceable in any jurisdiction shall, as to such
jurisdiction, be ineffective to the extent of such prohibition or unenforceability without invalidating the remaining provisions thereof, and any such prohibition or unenforceability in any jurisdiction shall not invalidate or render unenforceable
such provision in any other jurisdiction. 
 (e) Certain Agreements Not Enforceable. UNDER OREGON LAW, MOST AGREEMENTS,
PROMISES AND COMMITMENTS MADE BY THE LENDERS AFTER OCTOBER 3, 1989, CONCERNING LOANS AND OTHER CREDIT EXTENSIONS WHICH ARE NOT FOR PERSONAL, FAMILY OR HOUSEHOLD PURPOSES OR SECURED SOLELY BY THE BORROWER’S RESIDENCE MUST BE IN WRITING,
EXPRESS CONSIDERATION, AND BE SIGNED BY LENDERS TO BE ENFORCEABLE. 
 IN WITNESS WHEREOF, Borrower and Lender have
executed this Amendment by its duly authorized officer as of the day and year first above written. 
  

			
	PLANAR SYSTEMS, INC., an Oregon corporation
		
	By:	 	  

	Name:	 	  

	Title:	 	  

	
	BANK OF AMERICA, N.A., a national banking association
		
	By:	 	  

	Name:	 	  

	Title:	 	  

  
 3 

 Annex 1 

CONSENT OF GUARANTORS 
 This CONSENT OF GUARANTORS (this “Consent”) is entered into as of as of November 16, 2012, by PLANAR CHINA LLC, an Oregon limited liability company (“Planar China”),
CLARITY, A DIVISION OF PLANAR SYSTEMS, INC., an Oregon corporation (“Clarity”), PLANAR TAIWAN LLC, an Oregon limited liability company (“Planar Taiwan” and together with Planar China and Clarity, collectively, the
“Guarantors” and individually, a “Guarantor”), to and in favor of BANK OF AMERICA, N.A., a national banking association (the “Lender”). 

RECITALS 

A. Planar Systems, Inc., an Oregon corporation (the “Borrower”), and Lender are party to that certain Amended and
Restated Credit Agreement dated as of December 1, 2009 (as amended, restated, extended, supplemented or otherwise modified from time to time, the “Credit Agreement”). 

B. In connection with and as a condition to the obligation of Lender to make its initial Credit Extension under the Credit Agreement,
each Guarantor and Runco International, LLC, an Oregon limited liability company (“Runco”), entered into that certain Amended and Restated Continuing Guaranty dated as of December 1, 2009 (as amended, restated, extended,
supplemented or otherwise modified from time to time, the “Guaranty”), pursuant to which each Guarantor and Runco guaranteed, among other things, the payment and performance of the debts, liabilities, obligations, covenants and
duties of, Borrower to Lender arising under the Credit Agreement and the other Loan Documents to which Borrower is a party. 

C. On September 28, 2012, Runco merged with and into Borrower. 

D. Borrower and Lender intend to enter into that certain Fourth Amendment to Amended and Restated Credit Agreement dated as of
October 12, 2012 (the “Amendment”), pursuant to which the Lender will agree to amend Section 6.12(a) of the Credit Agreement to reduce the minimum Tangible Net Worth that Borrower is required to maintain as of the
end of each fiscal quarter. 
 E. It is a condition precedent to the effectiveness of the Amendment that each Guarantor enter
into this Consent. 
 NOW THEREFORE, in consideration of the foregoing, and for other good and valuable consideration receipt of
which is hereby acknowledged, each Guarantor agrees as follows: 
 AGREEMENT 

1. Definitions. Capitalized terms not otherwise defined in this Consent shall have the meanings given in the Guaranty, and if not
defined therein shall have the meanings given in the Credit Agreement. 
 2. Consent. Each Guarantor hereby acknowledges
that it has received a copy of the Credit Agreement and hereby consents to its contents, including all prior and current amendments to the Credit Agreement (notwithstanding that such consent is not required). 

3. Ratification and Confirmation. Each Guarantor hereby ratifies and confirms each of its debts, liabilities, obligations,
covenants and duties to Lender arising under the Guaranty and the other Loan Documents to which such Guarantor is a party. Each Guarantor hereby confirms and agrees that its guarantee of the payment and performance of the Guaranteed Obligations (as
defined in the Guaranty) remains in full force and effect, and that the Guaranteed Obligations (as defined in the Guaranty) shall include the debts, liabilities, obligations, covenants and duties of, Borrower to Lender arising under the Credit
Agreement and the other Loan Documents to which Borrower is a party. 

  
 1 

 4. Representations and Warranties. Each Guarantor hereby represents and warrants to
Lender that each of the representations and warranties set forth in Section 28 of the Guaranty is true and correct as if made on and as of the date of this Consent. 

5. Governing Law. THIS CONSENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAW OF THE STATE OF OREGON;
PROVIDED THAT LENDER SHALL RETAIN ALL RIGHTS ARISING UNDER FEDERAL LAW. 
 6. Severability. Any provision of this
Consent that is prohibited or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such prohibition or unenforceability without invalidating the remaining provisions thereof, and any such prohibition or
unenforceability in any jurisdiction shall not invalidate or render unenforceable such provision in any other jurisdiction. 

7. Certain Agreements Not Enforceable. UNDER OREGON LAW, MOST AGREEMENTS, PROMISES AND COMMITMENTS MADE BY THE LENDERS AFTER
OCTOBER 3, 1989, CONCERNING LOANS AND OTHER CREDIT EXTENSIONS WHICH ARE NOT FOR PERSONAL, FAMILY OR HOUSEHOLD PURPOSES OR SECURED SOLELY BY THE BORROWER’S RESIDENCE MUST BE IN WRITING, EXPRESS CONSIDERATION, AND BE SIGNED BY LENDERS TO BE
ENFORCEABLE. 
 [Remainder of page intentionally left blank] 

  
 2 

 IN WITNESS WHEREOF, each Guarantor have executed this Consent of Guarantors by its
duly authorized officer as of the day and year first above written. 
  

			
	PLANAR CHINA LLC, an Oregon limited liability company
		
	By:	 	  

	Name:	 	  

	Title:	 	  

	
	CLARITY, A DIVISION OF PLANAR SYSTEMS, INC., an Oregon corporation
		
	By:	 	  

	Name:	 	  

	Title:	 	  

	
	PLANAR TAIWAN LLC, an Oregon limited liability company
		
	By:	 	  

	Name:	 	  

	Title:	 	  

  
 3

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