Document:

exv10w21

Exhibit 10.21

PROMISSORY NOTE

			
	U.S. $1,500,000.00
	 	August 9, 2010

     1. Parties.

          1.1 SWISHER INTERNATIONAL, INC., a Nevada corporation (the “Borrower”).

          1.2 ROYAL PALM MORTGAGE GROUP, LLC., a Florida limited liability company, its successors and
assigns (“Lender”).

     2. Borrower’s Promise to Pay. Borrower promises to pay to the order of Lender, in
lawful money of the United States of America, the sum of One Million Five Hundred Thousand and
No/100 Dollars ($1,500,000.00), with interest thereon at the rate and on the terms set forth in
this Promissory Note (including all renewals, extensions, or modifications hereof, the “Note”).

     3. Interest. Interest on the outstanding Principal balance shall be payable at the
short-term Applicable Federal Rate announced by the U.S. Treasury Department. Interest will begin
to accrue as of the date of this Note. The interest rate shall adjust on a monthly basis as the
short-term Applicable Federal Rate adjusts. Interest shall be calculated on the basis of the
actual number of days elapsed divided by 365.

     4. Payments and Maturity Date. The Borrower shall make payments under this Note in
the following amounts and at the following times:

          4.1 Internal Payments. Interest shall accrue on the outstanding Principal balance of
this Note and shall be payable as of the Maturity Date unless accelerated pursuant to the
provisions of this Note. If Borrower prepays this Note each prepayment shall also include payment
of all accrued interest through the prepayment date.

          4.2 Maturity Date. If not earlier paid the outstanding Principal plus all accrued
interest and any other amounts due under the terms of this Note shall be due and payable in full to
Lender on the earlier of (i) the effective time of the merger contemplated by the terms of that
certain Agreement and Plan of Merger among CoolBrands International, Inc. (“CoolBrands”),
CoolBrands International (Nevada), Inc., the Borrower and Steven R. Berrard dated as of August 17,
2010 (the “Merger Agreement”), or (ii) January 1, 2011.

               4.2.1 All payments made by Borrower under this Note will be recorded by Lender, and such
records shall be presumptive evidence as to the existence and amounts paid and outstanding.
Payments of Principal and interest by the Borrower shall be credited to the amount outstanding
under this Note upon the Business Day received by Lender in cash.

               4.2.2 For purposes hereof, “Business Day” means a day that is not a Saturday, a
Sunday, or a day on which national banks in the State of Florida are closed pursuant to
authorization or requirement of law.

 

 

               4.2.3 Should any payment become due and payable on a day other than a Business Day, the
maturity thereof shall be extended to the next succeeding Business Day, and, in the case of any
payment of Principal, interest shall be payable thereon at the Interest Rate specified in this Note
during such extension.

     5. Application of Payments. All payments under this Note shall first be applied to
charges, costs, and expenses incurred by Lender whether before or after an Event of Default and
Default Interest, then to interest and the remainder to Principal.

     6. Prepayment. This Note may be prepaid in whole or in part without premium or
penalty at any time and from time to time; provided that any prepayment shall be applied first to
accrued and unpaid interest, and then to Principal.

     7. Late Charge. A late charge of five percent (5%) of any payment required to be made
pursuant to the terms of this Note, shall be imposed on any payment which is not received within
ten (10) days of the date such payment is due. This late charge is not a penalty, but liquidated
damages to defray administrative and related expenses caused Lender due to such late payment. The
late charge shall be immediately due and payable, and shall be paid by Borrower to Lender without
notice or demand. This provision for a late charge is not, and shall not be deemed, to effect a
grace period and Lender shall be entitled to exercise all of the rights and remedies otherwise
provided herein upon an Event of Default. Acceptance by Lender of any late payment without payment
of the late charge shall not be deemed a waiver of Lender’s right to collect such late charge or to
collect a late charge for any subsequent late payment received.

     8. Place of Payment. Payment to Lender of Principal and all other payments due under
this Note shall be made at the location and in the manner designated by Lender from time to time.

     9. Event of Default.

          9.1 The following events shall constitute “Events of Default”:

               9.1.1 Borrower fails to make payment when due of any Principal, interest, or other amount due
under this Note, and any applicable grace or cure period has expired.

               9.1.2 Any representation or warranty made by Borrower in this Note, shall be false or
misleading in any material respect.

               9.1.3 Borrower fails to fully and promptly perform when due any agreement, covenant, term, or
condition binding on it contained in this Note.

               9.1.4 The liquidation or dissolution of Borrower, or the filing or commencement by Borrower of
a voluntary petition or other action seeking reorganization, arrangement, readjustment of its
debts, or any other relief under any law relating to bankruptcy, insolvency, reorganization or
relief of debtors; or the application by Borrower for, or the appointment, by consent or
acquiescence of, a receiver, trustee, custodian, or other similar official for Borrower or for all
or a substantial part of its property or assets; the making by
Borrower of an assignment for the benefit of creditors; or the inability of Borrower or the
admission by Borrower in writing of its inability to pay its debts as they mature.

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               9.1.5 The commencement without being vacated or dismissed within sixty (60) days of the filing
or appointment date: (a) of an involuntary petition or other action against Borrower seeking
reorganization, arrangement, readjustment of its debts, or any other relief under any law relating
to bankruptcy, insolvency, reorganization, or relief of debtors; or (b) the involuntary appointment
of a receiver, trustee, custodian, or other similar official for Borrower or for all or a
substantial part of Borrower’s property or assets.

               9.1.6 A Change of Control shall occur with respect to the Borrower. For purposes hereof, a
“Change of Control” means (i) a reorganization, merger, or consolidation of the Borrower where
those persons who were equity holders of the Borrower prior to such reorganization, merger or
consolidation do not immediately thereafter own directly or indirectly with their Affiliates more
than fifty percent (50%) of the combined voting power of the reorganized, merged or consolidated
entity; (ii) the sale of all or substantially all of the assets of the Borrower; or (iii) the
issuance and sale of newly issued equity securities of the Borrower or the sale or other transfer
of existing equity securities by the equity holders of the Borrower which will result in the
Borrower’s equity holders immediately prior to such transaction holding directly or indirectly with
their Affiliates less than fifty percent (50%) of the combined voting power of the surviving,
continuing or resulting entity. For purposes hereof “Affiliate” means, with respect to any person,
(i) any person directly or indirectly controlling, controlled by, or under common control with such
person; (ii) any person owning and controlling twenty-five percent (25%) or more of the outstanding
voting interest of such person; (iii) any officer, director, manager or trustee of such person; or
(iv) any person who is an officer, director, manager or trustee of any person described in clauses
(i) through (iii) of this paragraph. Notwithstanding the foregoing, Change of Control shall not
include the consummation of the transaction contemplated by the Merger Agreement or the
re-domestication of the Borrower or CoolBrands under the laws of Delaware or any other U. S.
jurisdiction.

Notwithstanding the foregoing, an Event of Default under Section 9.1.1 shall not be deemed to have
occurred if payment is received within ten (10) days of the date such payment is due provided that
no such grace period shall apply to any payment due as of the Maturity Date, and any Event of
Default under Sections 9.1.2 or 9.1.3 shall not be deemed to have occurred if the matter described
therein is cured within twenty (20) days after the giving of written notice of breach by Lender to
Borrower.

          9.2 Upon an Event of Default under this Note, the entire unpaid Principal balance of this Note
and all accrued and unpaid interest, shall be immediately due and payable without notice or demand.

          9.3 Upon an Event of Default under this Note, interest shall accrue on the unpaid Principal
balance then outstanding under this Note at the lesser of the rate of twelve percent (12%) per
annum or the maximum rate permitted by applicable law, from the date of default (the “Default
Rate”).

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          9.4 In addition to payment of the Default Rate, Lender shall be entitled to recover from the
Borrower all of Lender’s costs and expenses of collection, including Lender’s accountants’ and
attorneys’ (including paralegals, and similar persons’) fees, whether for services incurred in
collection, litigation, arbitration, bankruptcy proceedings, appeals, or otherwise, and all other
costs and expenses incurred in connection with such activities or proceedings, within five (5) days
of demand, with interest on such costs and expenses at the Default Rate.

          9.5 The Default Rate of interest shall be calculated on the basis of the actual number of days
elapsed based on a 365-day year and shall be based on the entire Principal outstanding as of the
default and accrued interest up to such date.

          9.6 Notwithstanding any other provision of this Note, neither the Default Rate, nor any other
charge in the nature of interest shall exceed the maximum interest rate permitted by applicable
law, rule, or regulation in effect from time to time; and it is the understanding and intention of
the parties that the Borrower does not intend or expect to pay, nor does Lender intend or expect to
charge, accept, or collect, any interest greater than the highest rate of interest which may be
charged under applicable law, rule, or regulation in effect from time to time.

     10. Borrowers Representations and Warranties. To induce Lender to make the loan
evidenced by this Note, Borrower represents and warrants to Lender as follows:

          10.1 Borrower is a corporation duly incorporated and organized, validly existing, and in good
standing under the laws of the state of its incorporation. Borrower has all requisite power to own
and operate its properties and to carry on its business as now being conducted. Borrower is duly
qualified as a foreign corporation to do business in every jurisdiction in which the nature of its
business or the ownership of its properties makes such qualification necessary and is in good
standing in such jurisdictions, except where the failure to be qualified will not have a material
adverse effect on Borrower.

          10.2 Borrower has the corporate power and authority and the legal right to execute and deliver
this Note and to perform its obligations hereunder and has taken all corporate action necessary to
authorize the execution, delivery, and performance of this Note and the transactions contemplated
thereby. The execution, delivery, and performance by Borrower of this Note will not contravene,
conflict with, result in the breach of, or constitute a violation of or default under: (i) the
articles of incorporation, governing documents, or bylaws of Borrower, (ii) to its knowledge any
applicable law, rule, regulation, judgment, order, writ, injunction, or decree of any court or
governmental authority, or (iii) any agreement or instrument to which Borrower is a party or by
which Borrower or its property may be bound or affected which would cause a material adverse effect
on Borrower. No consent, license, or authorization of, or filing with, or notice to, any person or
entity (including, without limitation, any governmental authority), is necessary or required in
connection with the execution, delivery, performance, validity, or enforceability of this Note.

          10.3 The execution and delivery of this Note to Lender constitutes the legal, valid, and
binding obligation of Borrower and is enforceable against Borrower in accordance with its terms.

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     11. Waivers. Except as may be specifically provided in this Note to the contrary, the
Borrower and any endorsers, sureties, guarantors, and all others who are, or may become, liable for
payment of this Note (jointly and severally, the “Obligors”) jointly and severally (a)
consent to all extensions of time, all renewals, postponements of the time of the payment of this
Note, or other modifications of this Note made from time to time before or after the Maturity Date,
(b) agree to any substitution, exchange, addition, or release of any security securing the payment
of this Note or the addition or release of any party or person primarily or secondarily liable on
this Note, (c) agree that Lender shall not be required first to institute any suit, or to exhaust
its remedies, against the undersigned or any other person or party to become liable under this Note
or against the security in order to enforce the payment of this Note, and (d) agree that,
notwithstanding the occurrence of any of the foregoing (except by the express written release by
Lender of any such person), the undersigned shall be and remain, directly and primarily, liable for
all sums due under this Note.

     12. Governing Law and Venue. This Note shall be governed by and construed in
accordance with the laws of the State of Florida without regard to conflicts of laws principles.
Any suit based on this Note shall be brought in the state or federal courts sitting in Broward
County, Florida, and Borrower and Lender by its acceptance of this Note knowingly and voluntarily
waive any claim or defense that such forum is not convenient or proper. Borrower and Lender by its
acceptance of this Note hereby agree that such court shall have in personam jurisdiction over it
and consents to service of process in any manner authorized by Florida law.

     13. Waiver of Trial by Jury. Borrower, and Lender by its acceptance of this Note,
hereby knowingly, voluntarily and intentionally waive the right it may have to a trial by jury in
respect of any litigation based on this Note or rising out of, under or in connection with this
Note, or any course of conduct, course of dealing, statements (whether verbal or written) or
actions of either party.

     14. Invalidity. Any provision of this Note which is prohibited or unenforceable in
any jurisdiction shall, as to such jurisdiction only, be ineffective only to the extent of such
prohibition or unenforceability, without invalidating the remaining provisions of this Note or
affecting the validity or enforceability of such provision in any other jurisdiction. In the event
that any law invalidating such a provision may be waived, it is hereby waived by the Borrower to
the fullest extent permitted by law and this Note shall be deemed to be a valid and binding
obligation enforceable against the Borrower in accordance with its terms.

     15. Remedies. The rights of Lender arising under this Note, and the rights allowed or
permitted Lender by law or equity, shall be separate, distinct, and cumulative, and the selection
of one remedy shall not preclude the selection of another or other remedies. Without limiting the
generality of the foregoing, Borrower agrees to pay or reimburse Lender for, and indemnify and hold
Lender harmless from and against liability for, any and all documentary stamp taxes, non-recurring
intangible taxes, or other taxes, together with any interest, penalties or other liabilities in
connection with such failure to pay documentary stamp taxes, and any other taxes, that Lender now
or hereafter incurs with respect to this Note. The agreements contained in this section shall
survive repayment of all amounts payable hereunder or pursuant hereto, now or in the future.

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     16. Indemnification. The Borrower agrees to indemnify, save and hold harmless the
Lender, its affiliates, designees, and successors and assigns, and their respective directors,
officers, agents, attorneys and employees (collectively the “Indemnitees”) from and against
any and all claims, demands, actions or causes of action that are asserted against any Indemnitee
by any person relating directly or indirectly to a claim, demand, action or cause of action arising
under this Note, and this indemnity obligation includes any and all liabilities, losses, costs or
expenses (including legal fees) that any Indemnitee suffers or incurs as a result of the assertion
of any claim, demand, action, cause of action or proceeding, or as a result of the preparation of
any defense in connection with any claim, demand, action, cause of action or proceeding, provided
that no Indemnitee shall be entitled to indemnification for any loss caused by its own gross
negligence or willful misconduct. This provision shall survive the repayment of all amounts payable
hereunder or pursuant hereto, now or in the future.

     17. Miscellaneous Provisions. Time shall be of the essence as to the Borrower’s
obligations under this Note. The captions of sections of this Note are for convenient reference
only, and shall not affect the construction or interpretation of any of the terms and provisions
set forth in this Note. This Note may not be amended, extended, renewed, or modified, and no
waiver of any provision of this Note shall be effective, except by an instrument in writing
executed by Lender. Any waiver of any provision of this Note shall be in writing and effective
only in the specific instance and for the specific purpose for which given.

     This Note is executed and delivered by the Borrower through its duly authorized representative
as of the date set forth on the first page of this Note.

	 	 	 	 	 
	 	SWISHER INTERNATIONAL, INC., a Nevada corporation

 	 
	 	By:  	/s/
Steven R. Berrard
 	 
	 	Name:  	Steven R. Berrard 	 
	 	Title:  	CEO 	 
	 	 	  	[Corporate Seal] 	 
	 

6exv10w22

Exhibit 10.22

FORM OF

SWISHER HYGIENE INC.

2010 STOCK INCENTIVE PLAN

     1. ESTABLISHMENT, EFFECTIVE DATE AND TERM

     Swisher Hygiene Inc., a Delaware corporation hereby establishes the Swisher Hygiene Inc. 2010
Stock Incentive Plan. The Effective Date of the Plan shall be the date that the Plan was approved
by the Board in accordance with the laws of the State of Delaware or such later date as provided in
the resolutions adopting the Plan; provided, however, that the shareholders of Swisher shall have
approved this Plan within twelve months following such approval by the Board. Any Award issued
under the Plan prior to the shareholders’ approval of the Plan shall be contingent on such
approval.

     2. PURPOSE

     The purpose of the Plan is to enable Swisher to attract, retain, reward and motivate Eligible
Individuals by providing them with an opportunity to acquire or increase a proprietary interest in
Swisher and to incentivize them to expend maximum effort for the growth and success of the Company,
so as to strengthen the mutuality of the interests between the Eligible Individuals and the
shareholders of Swisher.

     3. ELIGIBILITY

     Awards may be granted under the Plan to any Eligible Individual, as determined by the
Committee from time to time, on the basis of their importance to the business of the Company
pursuant to the terms of the Plan.

     4. ADMINISTRATION

          (a) Committee. The Plan shall be administered by the Committee, which shall have the
full power and authority to take all actions, and to make all determinations not inconsistent with
the specific terms and provisions of the Plan deemed by the Committee to be necessary or
appropriate to the administration of the Plan, any Award granted or any Award Agreement entered
into hereunder. The Committee may correct any defect or supply any omission or reconcile any
inconsistency in the Plan or in any Award Agreement in the manner and to the extent it shall deem
expedient to carry the Plan into effect as it may determine in its sole discretion. The decisions
by the Committee shall be final, conclusive and binding with respect to the interpretation and
administration of the Plan, any Award or any Award Agreement entered into under the Plan.

          (b) Delegation to Officers or Employees. The Committee may designate officers or
employees of the Company to assist the Committee in the administration of the Plan. The Committee
may delegate authority to officers or employees of the Company to grant Awards and execute Award
Agreements or other documents on behalf of the Committee in connection with the administration of
the Plan, subject to whatever limitations or restrictions the Committee may impose and in
accordance with applicable law.

 

 

          (c) Designation of Advisors. The Committee may designate professional advisors to
assist the Committee in the administration of the Plan. The Committee may employ such legal
counsel, consultants, and agents as it may deem desirable for the administration of the Plan and
may rely upon any advice and any computation received from any such counsel, consultant, or agent.
The Company shall pay all expenses and costs incurred by the Committee for the engagement of any
such counsel, consultant, or agent.

          (d) Participants Outside the U.S. In order to conform with the provisions of local
laws and regulations in foreign countries in which the Company operates, the Committee shall have
the sole discretion to (i) modify the terms and conditions of the Awards granted under the Plan to
Eligible Individuals located outside the United States; (ii) establish subplans with such
modifications as may be necessary or advisable under the circumstances present by local laws and
regulations; and (iii) take any action which it deems advisable to comply with or otherwise reflect
any necessary governmental regulatory procedures, or to obtain any exemptions or approvals
necessary with respect to the Plan or any subplan established hereunder.

          (e) Liability and Indemnification. No Covered Individual shall be liable for any
action or determination made in good faith with respect to the Plan, any Award granted hereunder or
any Award Agreement entered into hereunder. The Company shall, to the maximum extent permitted by
applicable law and the Articles of Incorporation and Bylaws of Swisher, indemnify and hold harmless
each Covered Individual against any cost or expense (including reasonable attorney fees reasonably
acceptable to the Company) or liability (including any amount paid in settlement of a claim with
the approval of the Company), and amounts advanced to such Covered Individual necessary to pay the
foregoing at the earliest time and to the fullest extent permitted, arising out of any act or
omission to act in connection with the Plan, any Award granted hereunder or any Award Agreement
entered into hereunder. Such indemnification shall be in addition to any rights of indemnification
such individuals may have under applicable law or under the Articles of Incorporation or Bylaws of
Swisher. Notwithstanding anything else herein, this indemnification will not apply to the actions
or determinations made by a Covered Individual with regard to Awards granted to such Covered
Individual under the Plan or arising out of such Covered Individual’s own fraud or bad faith.

     5. SHARES OF COMMON STOCK SUBJECT TO PLAN

          (a) Shares Available for Awards. The Common Stock that may be issued pursuant to
Awards granted under the Plan shall be treasury shares or authorized but unissued shares of the
Common Stock. The total number of shares of Common Stock that may be issued pursuant to Awards
granted under the Plan shall be Six Million (6,000,000) shares.

          (b) Certain Limitations on Specific Types of Awards. The granting of Awards under
this Plan shall be subject to the following limitations:

          (i) With respect to the shares of Common Stock reserved pursuant to this Section, a
maximum of Six Million (6,000,000) of such shares may be subject to grants of Incentive
Stock Options;

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          (ii) With respect to the shares of Common Stock reserved pursuant to this Section, a
maximum of Three Million (3,000,000) of such shares may be issued in connection with Awards,
other than Stock Options and Stock Appreciation Rights, that are settled in Common Stock;

          (iii) With respect to the shares of Common Stock reserved pursuant to this Section, a
maximum of Six Hundred Thousand (600,000) of such shares may be subject to grants of Options
or Stock Appreciation Rights to any one Eligible Individual during any one fiscal year;

          (iv) With respect to the shares of Common Stock reserved pursuant to this Section, a
maximum of Three Hundred and Fifty Thousand (350,000) of such shares may be subject to
grants of Performance Shares, Restricted Stock, and Awards of Common Stock to any one
Eligible Individual during any one fiscal year; and

          (v) The maximum value at Grant Date of grants of Performance Units which may be granted
to any one Eligible Individual during any one fiscal year shall be One Million dollars
($1,000,000).

          (c) Awards to Insiders. Unless permitted under TSE Policies or by Regulatory Approval
and, if required thereby, the requisite shareholder approval is obtained:

          (i) the aggregate number of shares Common Stock which may be reserved for issuance at
any time under Awards granted to Insiders under the Plan and under each of Swisher’s other
security based compensation arrangements may not exceed, in aggregate, 10% of the issued
Common Stock;

          (ii) the number of shares of Common Stock which may be issued and the number of Awards
that may be granted to Insiders under the Plan and under each of the Swisher’s other
securities based compensation arrangements, within a 12 month period, may not exceed in
aggregate, 10% of the issued Common Stock.

          (d) Reduction of Shares Available for Awards. Upon the granting of an Award, the
number of shares of Common Stock available under this Section hereof for the granting of further
Awards shall be reduced as follows:

          (i) In connection with the granting of an Award that is settled in Common Stock, the
number of shares of Common Stock shall be reduced by the number of shares of Common Stock
subject to the Award; and

          (ii) Awards settled in cash shall not count against the total number of shares of
Common Stock available to be granted pursuant to the Plan.

          (e) Cancelled, Forfeited, or Surrendered Awards. Notwithstanding anything to the
contrary in this Plan, if any Award is cancelled, forfeited or terminated for any reason prior to
exercise or becoming vested in full, the shares of Common Stock that were subject to such Award
shall, to the extent cancelled, forfeited or terminated, immediately become available for future
Awards granted under the Plan as if said Award had never been granted; provided,
however, that any shares of Common Stock subject to an Award, other than a Stock Appreciation
Right, which is cancelled, forfeited or terminated in order to pay the Exercise Price, purchase
price or any taxes or tax withholdings on an Award shall not be available for future Awards granted
under the Plan. Any Common Stock subject to a Stock Appreciation Right which is not issued upon
settling such Stock Appreciation Right shall be available for future Awards granted under the Plan.

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          (f) Recapitalization. If the outstanding shares of Common Stock are increased or
decreased or changed into or exchanged for a different number or kind of shares or other securities
of Swisher by reason of any recapitalization, reclassification, reorganization, stock split,
reverse split, combination of shares, exchange of shares, stock dividend or other distribution
payable in capital stock of Swisher or other increase or decrease in such shares effected without
receipt of consideration by Swisher occurring after the Effective Date, an appropriate and
proportionate adjustment shall be made by the Committee to (i) the aggregate number and kind of
shares of Common Stock available under the Plan, (ii) the aggregate limit of the number of shares
of Common Stock that may be granted pursuant to an Incentive Stock Option, (iii) the aggregate
limit of the number of shares of Common Stock that may be issued in connection with Awards, other
than Stock Options and Stock Appreciation Rights, that are settled in Common Stock, (iv) the limits
on the number of shares of Common Stock that may be granted to an Eligible Employee in any one
fiscal year, (v) the calculation of the reduction or increase of shares of Common Stock available
under the Plan, (vi) the number and kind of shares of Common Stock issuable upon exercise (or
vesting) of outstanding Awards granted under the Plan; and/or (vii) the Exercise Price of
outstanding Options granted under the Plan. No fractional shares of Common Stock or units of other
securities shall be issued pursuant to any such adjustment under this Section 5(f), and any
fractions resulting from any such adjustment shall be eliminated in each case by rounding downward
to the nearest whole share or unit. Any adjustments made under this Section 5(f) with respect to
any Incentive Stock Options must be made in accordance with Code Section 424.

     6. OPTIONS

          (a) Grant of Options. Subject to the terms and conditions of the Plan, the Committee
may grant to such Eligible Individuals as the Committee may determine, Options to purchase such
number of shares of Common Stock and on such terms and conditions as the Committee shall determine
in its sole and absolute discretion. Each grant of an Option shall satisfy the requirements set
forth in this Section.

          (b) Type of Options. Each Option granted under the Plan may be designated by the
Committee, in its sole discretion, as either (i) an Incentive Stock Option, or (ii) a Non-Qualified
Stock Option. Options designated as Incentive Stock Options that fail to continue to meet the
requirements of Code Section 422 shall be re-designated as Non-Qualified Stock Options
automatically on the date of such failure to continue to meet such requirements without further
action by the Committee. In the absence of any designation, Options granted under the Plan will be
deemed to be Non-Qualified Stock Options.

          (c) Exercise Price. Subject to the limitations set forth in the Plan relating to
Incentive Stock Options, the Exercise Price of an Option shall be fixed by the Committee and
stated in the respective Award Agreement, provided that the Exercise Price of the shares of
Common Stock subject to such Option may not be less than Fair Market Value of such Common Stock on
the Grant Date, or if greater, the par value of the Common Stock.

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          (d) Limitation on Repricing. Unless such action is approved by Swisher’s shareholders
in accordance with applicable law: (i) no outstanding Option granted under the Plan may be amended
to provide an Exercise Price that is lower than the then-current Exercise Price of such outstanding
Option (other than adjustments to the Exercise Price pursuant to Sections 5(e) and 12); (ii) the
Committee may not cancel any outstanding Option and grant in substitution therefore new Awards
under the Plan covering the same or a different number of shares of Common Stock and having an
Exercise Price lower than the then-current Exercise Price of the cancelled Option (other than
adjustments to the Exercise Price pursuant to Sections 5(e) and 12); and (iii) the Committee may
not authorize the repurchase of an outstanding Option which has an Exercise Price that is higher
than the then-current fair market value of the Common Stock (other than adjustments to the Exercise
Price pursuant to Sections 5(e) and 12).

          (e) Limitation on Option Period. Subject to the limitations set forth in the Plan
relating to Incentive Stock Options and unless otherwise provided by the Committee, Options granted
under the Plan and all rights to purchase Common Stock thereunder shall terminate no later than the
tenth anniversary of the Grant Date of such Options, or on such earlier date as may be stated in
the Award Agreement relating to such Option. In the case of Options expiring prior to the tenth
anniversary of the Grant Date, the Committee may in its discretion, at any time prior to the
expiration or termination of said Options, extend the term of any such Options for such additional
period as it may determine, but in no event beyond the tenth anniversary of the Grant Date thereof.

          (f) Limitations on Incentive Stock Options. Notwithstanding any other provisions of
the Plan, the following provisions shall apply with respect to Incentive Stock Options granted
pursuant to the Plan.

          (i) Limitation on Grants. Incentive Stock Options may only be granted to
Section 424 Employees. The aggregate Fair Market Value (determined at the time such
Incentive Stock Option is granted) of the shares of Common Stock for which any individual
may have Incentive Stock Options which first become vested and exercisable in any calendar
year (under all incentive stock option plans of the Company) shall not exceed $100,000.
Options granted to such individual in excess of the $100,000 limitation, and any Options
issued subsequently which first become vested and exercisable in the same calendar year,
shall automatically be treated as Non-Qualified Stock Options.

          (ii) Minimum Exercise Price. In no event may the Exercise Price of a share of
Common Stock subject an Incentive Stock Option be less than 100% of the Fair Market Value of
such share of Common Stock on the Grant Date.

          (iii) Ten Percent Shareholder. Notwithstanding any other provision of the Plan
to the contrary, in the case of Incentive Stock Options granted to a Section 424 Employee
who, at the time the Option is granted, owns (after application of the rules set
forth in Code Section 424(d)) stock possessing more than ten percent of the total
combined voting power of all classes of stock of Swisher, such Incentive Stock Options (i)
must have an Exercise Price per share of Common Stock that is at least 110% of the Fair
Market Value as of the Grant Date of a share of Common Stock, and (ii) must not be
exercisable after the fifth anniversary of the Grant Date.

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          (g) Vesting Schedule and Conditions. No Options may be exercised prior to the
satisfaction of the conditions and vesting schedule provided for in the Award Agreement relating
thereto or in the Plan.

          (h) Exercise. When the conditions to the exercise of an Option have been satisfied,
the Participant may exercise the Option only in accordance with the following provisions. The
Participant shall deliver to Swisher a written notice stating that the Participant is exercising
the Option and specifying the number of shares of Common Stock which are to be purchased pursuant
to the Option, and such notice shall be accompanied by payment in full of the Exercise Price of the
shares for which the Option is being exercised, by one or more of the methods provided for in the
Plan. Unless otherwise provided by the Committee, said notice must be delivered to Swisher at its
principal office and addressed to the attention of Chief Financial Officer. An attempt to exercise
any Option granted hereunder other than as set forth in the Plan shall be invalid and of no force
and effect.

          (i) Payment. Payment of the Exercise Price for the shares of Common Stock purchased
pursuant to the exercise of an Option shall be made by one of the following methods:

          (i) by cash, certified or cashier’s check, bank draft or money order;

          (ii) through the delivery to Swisher of shares of Common Stock which have been
previously owned by the Participant for the requisite period necessary to avoid a charge to
Swisher’s earnings for financial reporting purposes; such shares shall be valued, for
purposes of determining the extent to which the Exercise Price has been paid thereby, at
their Fair Market Value on the date of exercise; without limiting the foregoing, the
Committee may require the Participant to furnish an opinion of counsel acceptable to the
Committee to the effect that such delivery would not result in Swisher incurring any
liability under Section 16(b) of the Exchange Act;

          (iii) through a “cashless exercise sale and remittance procedure” pursuant to which the
Participant shall concurrently provide irrevocable instructions (A) to a brokerage firm
approved by the Committee to effect the immediate sale of the purchased shares and remit to
Swisher, out of the sale proceeds available on the settlement date, sufficient funds to
cover the aggregate Exercise Price payable for the purchased shares plus all applicable
federal, state and local income, employment, excise, foreign and other taxes required to be
withheld by the Company by reason of such exercise and (B) to Swisher to deliver the
certificates for the purchased shares directly to such brokerage firm in order to complete
the sale; or

          (iv) by any other method which the Committee, in its sole and absolute discretion and
to the extent permitted by applicable law, may permit.

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          (j) Termination of Employment, Disability or Death. Unless otherwise provided in an
Award Agreement, upon the termination of the employment or other service of a Participant with
Company for any reason, all of the Participant’s outstanding Options (whether vested or unvested)
shall be subject to the rules of this paragraph. Upon such termination, the Participant’s unvested
Options shall expire. Notwithstanding anything in this Plan to the contrary, the Committee may
provide, in its sole and absolute discretion, that following the termination of employment or other
service of a Participant with the Company for any reason (i) any unvested Options held by the
Participant that vest solely upon a future service requirement shall vest in whole or in part, at
any time subsequent to such termination of employment or other service, and or (ii) a Participant
or the Participant’s estate, devisee or heir at law (whichever is applicable), may exercise an
Option, in whole or in part, at any time subsequent to such termination of employment or other
service and prior to the termination of the Option pursuant to its terms. Unless otherwise
determined by the Committee, temporary absence from employment because of illness, vacation,
approved leaves of absence or military service shall not constitute a termination of employment or
other service.

          (i) Termination for Reason Other Than Cause, Disability or Death. If a
Participant’s termination of employment or other service is for any reason other than death,
Disability, Cause or a voluntary termination within ninety (90) days after occurrence of an
event which would be grounds for termination of employment or other service by the Company
for Cause, any Option held by such Participant, may be exercised, to the extent exercisable
at termination, by the Participant at any time within a period not to exceed ninety (90)
days from the date of such termination, but in no event after the termination of the Option
pursuant to its terms.

          (ii) Disability. If a Participant’s termination of employment or other service
with the Company is by reason of a Disability of such Participant, the Participant shall
have the right at any time within a period not to exceed one (1) year after such
termination, but in no event after the termination of the Option pursuant to its terms, to
exercise, in whole or in part, any vested portion of the Option held by such Participant at
the date of such termination; provided, however, that if the Participant dies within such
period, any vested Option held by such Participant upon death shall be exercisable by the
Participant’s estate, devisee or heir at law (whichever is applicable) for a period not to
exceed one (1) year after the Participant’s death, but in no event after the termination of
the Option pursuant to its terms.

          (iii) Death. If a Participant dies while in the employment or other service of
the Company, the Participant’s estate or the devisee named in the Participant’s valid last
will and testament or the Participant’s heir at law who inherits the Option has the right,
at any time within a period not to exceed one (1) year after the date of such Participant’s
death, but in no event after the termination of the Option pursuant to its terms, to
exercise, in whole or in part, any portion of the vested Option held by such Participant at
the date of such Participant’s death.

          (iv) Termination for Cause. In the event the termination is for Cause or is a
voluntary termination within ninety (90) days after occurrence of an event which would be
grounds for termination of employment or other service by the Company for
Cause (without regard to any notice or cure period requirement), any Option held by the
Participant at the time of such termination shall be deemed to have terminated and expired
upon the date of such termination.

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     7. RESTRICTED STOCK

          (a) Grant of Restricted Stock. Subject to the terms and conditions of the Plan, the
Committee may grant to such Eligible Individuals as the Committee may determine, Restricted Stock,
in such amounts and on such terms and conditions as the Committee shall determine in its sole and
absolute discretion. Each grant of Restricted Stock shall satisfy the requirements as set forth in
this Section.

          (b) Restrictions. The Committee shall impose such restrictions on any Restricted
Stock granted pursuant to the Plan as it may deem advisable including, without limitation; time
based vesting restrictions, or the attainment of Performance Goals. Shares of Restricted Stock
subject to the attainment of Performance Goals will be released from restrictions only after the
attainment of such Performance Goals has been certified by the Committee in accordance with Section
10(d).

          (c) Certificates and Certificate Legend. With respect to a grant of Restricted Stock,
Swisher may issue a certificate evidencing such Restricted Stock to the Participant or issue and
hold such shares of Restricted Stock for the benefit of the Participant until the applicable
restrictions expire. Swisher may legend the certificate representing Restricted Stock to give
appropriate notice of such restrictions. In addition to any such legends, each certificate
representing shares of Restricted Stock granted pursuant to the Plan shall bear the following
legend:

“The sale or other transfer of the shares of stock represented by this
certificate, whether voluntary, involuntary, or by operation of law, are
subject to certain terms, conditions, and restrictions on transfer as set
forth in The Swisher Hygiene Inc. 2010 Stock Incentive Plan (the “Plan”),
and in an Agreement entered into by and between the registered owner of such
shares and Swisher Hygiene Inc (the “Company”), dated
_________ (the
“Award Agreement”). A copy of the Plan and the Award Agreement may be
obtained from the Secretary of the Company.”

          (d) Removal of Restrictions. Except as otherwise provided in the Plan, shares of
Restricted Stock shall become freely transferable by the Participant upon the lapse of the
applicable restrictions. Once the shares of Restricted Stock are released from the restrictions,
the Participant shall be entitled to have the legend required by paragraph (c) above removed from
the share certificate evidencing such Restricted Stock and the Company shall pay or distribute to
the Participant all dividends and distributions, if any, held in escrow by the Company with respect
to such Restricted Stock.

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          (e) Shareholder Rights. Unless otherwise provided in an Award Agreement, until the
expiration of all applicable restrictions, (i) the Restricted Stock shall be treated as
outstanding, (ii) the Participant holding shares of Restricted Stock may exercise full voting
rights
with respect to such shares, and (iii) the Participant holding shares of Restricted Stock
shall be entitled to receive all dividends and other distributions paid with respect to such shares
while they are so held. If any such dividends or distributions are paid in shares of Common Stock,
such shares shall be subject to the same restrictions on transferability and forfeitability as the
shares of Restricted Stock with respect to which they were paid. Notwithstanding anything to the
contrary, at the discretion of the Committee, all such dividends and distributions may be held in
escrow by the Company (subject to the same restrictions on forfeitability) until all restrictions
on the respective Restricted Stock have lapsed.

          (f) Termination of Service. Unless otherwise provided in a Award Agreement, if a
Participant’s employment or other service with the Company terminates for any reason, all unvested
shares of Restricted Stock held by the Participant and any dividends or distributions held in
escrow by Swisher with respect to such Restricted Stock shall be forfeited immediately and returned
to the Company. Notwithstanding this paragraph, all grants of Restricted Stock that vest solely
upon the attainment of Performance Goals shall be treated pursuant to the terms and conditions that
would have been applicable under Section 10(e) as if such grants of Restricted Stock were Awards of
Performance Shares. Notwithstanding anything in this Plan to the contrary, the Committee may
provide, in its sole and absolute discretion, that following the termination of employment or other
service of a Participant with the Company for any reason, any unvested shares of Restricted Stock
held by the Participant that vest solely upon a future service requirement shall vest in whole or
in part, at any time subsequent to such termination of employment or other service.

     8. RESTRICTED STOCK UNITS. Subject to the terms and conditions of the Plan, the Committee may
grant to such Eligible Individuals as the Committee may determine, Restricted Stock Units, in such
amounts and on such terms and conditions as the Committee shall determine in its sole and absolute
discretion. Each grant of Restricted Stock Units shall satisfy the requirements as set forth in
this Section.

          (a) Award and Restrictions. Restricted Stock Units shall be subject to such
restrictions on transferability, risk of forfeiture and other restrictions, if any, as the
Committee may impose, which restrictions may lapse separately or in combination at such times,
under such circumstances (including based on achievement of performance conditions and/or future
service requirements), in such installments or otherwise and under such other circumstances as the
Committee may determine at the date of grant or thereafter. Unless otherwise provided in the Award
Agreement, a Participant granted Restricted Stock Units shall not have any of the rights of a
stockholder, including the right to vote or the right to dividends, until Common Stock shall have
been issued in the Participant’s name pursuant to the Restricted Stock Units, except that the
Committee may provide for Dividend Equivalents pursuant to Section 8(c) below.

          (b) Limitation on Vesting and Payouts. The grant, issuance, retention, vesting and/or
settlement of Restricted Stock Units shall occur at such time and in such installments as set forth
in the Award Agreement. Notwithstanding anything to the contrary herein, unless provided otherwise
in the Award Agreement, Restricted Stock Units shall be paid on or after January 1 and on or before
March 15 of the year immediately following the year in which Restricted Stock Units vest. The
Committee shall have the right to make the timing of the grant and/or the issuance, ability to
retain, vesting and/or settlement of Restricted Stock Units subject to
continued employment, passage of time and/or such performance conditions as deemed appropriate by
the Committee.

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          (c) Dividend Equivalents. Unless otherwise provides in the Award Agreement, Dividend
Equivalents with respect to Common Stock covered by vested Restricted Stock Units shall be paid at
the time the shares of Common Stock under the Restricted Stock Units are issued to the Participant
in either cash or Common Stock having a Fair Market Value equal to the amount of such Dividend
Equivalents, as the Committee shall determine or permit a Participant to elect.

          (d) Termination of Employment. Unless otherwise provided in an Award Agreement or in
the Plan, if a Participant’s employment or other service with the Company terminates for any
reason, all of the Participant’s outstanding unvested Restricted Stock Units shall immediately
terminate and be forfeited to the Company. Notwithstanding this paragraph, all grants of
Restricted Stock Units that vest solely upon the attainment of Performance Goals shall be treated
pursuant to the terms and conditions that would have been applicable under Section 10(e) as if such
grants of Restricted Stock Units were Awards of Performance Units. Notwithstanding anything in this
Plan to the contrary, the Committee may provide, in its sole and absolute discretion, that
following the termination of employment or other service of a Participant with the Company for any
reason, any unvested shares of Restricted Stock Units held by the Participant that vest solely upon
a future service requirement shall vest in whole or in part, at any time subsequent to such
termination of employment or other service.

     9. STOCK APPRECIATION RIGHTS

          (a) Grant of Stock Appreciation Rights. Subject to the terms and conditions of the
Plan, the Committee may grant to such Eligible Individuals as the Committee may determine, Stock
Appreciation Rights, in such amounts and on such terms and conditions as the Committee shall
determine in its sole and absolute discretion. Each grant of a Stock Appreciation Right shall
satisfy the requirements as set forth in this Section.

          (b)  Terms and Conditions of Stock Appreciation Rights. Unless otherwise provided in
an Award Agreement, the terms and conditions (including, without limitation, the limitations on the
Exercise Price, exercise period, repricing and termination) of the Stock Appreciation Right shall
be substantially identical (to the extent possible taking into account the differences related to
the character of the Stock Appreciation Right) to the terms and conditions that would have been
applicable under Section 6 above were the grant of the Stock Appreciation Rights a grant of an
Option.

          (c) Exercise of Stock Appreciation Rights. Stock Appreciation Rights shall be
exercised by a Participant only by written notice delivered to the Chief Financial Officer of
Swisher, specifying the number of shares of Common Stock with respect to which the Stock
Appreciation Right is being exercised.

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          (d) Payment of Stock Appreciation Right. Unless otherwise provided in an Award
Agreement, upon exercise of a Stock Appreciation Right, the Participant or Participant’s estate,
devisee or heir at law (whichever is applicable) shall be entitled to receive payment, in
cash, in shares of Common Stock, or in a combination thereof, as determined by the Committee
in its sole and absolute discretion. The amount of such payment shall be determined by multiplying
the excess, if any, of the Fair Market Value of a share of Common Stock on the date of exercise
over the Fair Market Value of a share of Common Stock on the Grant Date, by the number of shares of
Common Stock with respect to which the Stock Appreciation Rights are then being exercised.
Notwithstanding the foregoing, the Committee may limit in any manner the amount payable with
respect to a Stock Appreciation Right by including such limitation in the Award Agreement.

     10. PERFORMANCE SHARES AND PERFORMANCE UNITS

          (a) Grant of Performance Shares and Performance Units. Subject to the terms and
conditions of the Plan, the Committee may grant to such Eligible Individuals as the Committee may
determine, Performance Shares and Performance Units, in such amounts and on such terms and
conditions as the Committee shall determine in its sole and absolute discretion. Each grant of a
Performance Share or a Performance Unit shall satisfy the requirements as set forth in this
Section.

          (b) Performance Goals. Performance Goals will be based on one or more of the
following criteria, as determined by the Committee in its absolute and sole discretion: (i) the
attainment of certain target levels of, or a specified increase in, Swisher’s enterprise value or
value creation targets; (ii) the attainment of certain target levels of, or a percentage increase
in, Swisher’s after-tax or pre-tax profits including, without limitation, that attributable to
Swisher’s continuing and/or other operations; (iii) the attainment of certain target levels of, or
a specified increase relating to, Swisher’s operational cash flow or working capital, or a
component thereof; (iv) the attainment of certain target levels of, or a specified decrease
relating to, Swisher’s operational costs, or a component thereof (v) the attainment of a certain
level of reduction of, or other specified objectives with regard to limiting the level of increase
in all or a portion of bank debt or other of Swisher’s long-term or short-term public or private
debt or other similar financial obligations of Swisher, which may be calculated net of cash
balances and/or other offsets and adjustments as may be established by the Committee; (vi) the
attainment of a specified percentage increase in earnings per share or earnings per share from
Swisher’s continuing operations; (vii) the attainment of certain target levels of, or a specified
percentage increase in, Swisher’s net sales, revenues, net income or earnings before income tax or
other exclusions; (viii) the attainment of certain target levels of, or a specified increase in,
Swisher’s return on capital employed or return on invested capital; (ix) the attainment of certain
target levels of, or a percentage increase in, Swisher’s after-tax or pre-tax return on shareholder
equity; (x) the attainment of certain target levels in the fair market value of Swisher’s Common
Stock; (xi) the growth in the value of an investment in the Common Stock assuming the reinvestment
of dividends; (xii) successful mergers, acquisitions of other companies or assets and any cost
savings or synergies associated therewith and/or (xiii) the attainment of certain target levels of,
or a specified increase in, EBITDA (earnings before income tax, depreciation and amortization). In
addition, Performance Goals may be based upon the attainment by a subsidiary, division or other
operational unit of Swisher of specified levels of performance under one or more of the measures
described above. Further, the Performance Goals may be based upon the attainment by Swisher (or a
subsidiary, division, facility or other operational unit of Swisher) of specified levels of
performance under one or more of the foregoing measures relative to the performance
of other corporations. With respect to Awards intended to qualify as performance-based
compensation under Section 162(m) of the Code, to the extent permitted under Section 162(m) of the
Code (including, without limitation, compliance with any requirements for shareholder approval),
the Committee may, in its sole and absolute discretion: (i) designate additional business criteria
upon which the Performance Goals may be based; (ii) modify, amend or adjust the business criteria
described herein; or (iii) incorporate in the Performance Goals provisions regarding changes in
accounting methods, corporate transactions (including, without limitation, dispositions or
acquisitions) and similar events or circumstances. Performance Goals may include a threshold level
of performance below which no Award will be earned, levels of performance at which an Award will
become partially earned and a level at which an Award will be fully earned.

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          (c) Terms and Conditions of Performance Shares and Performance Units. The applicable
Award Agreement shall set forth (i) the number of Performance Shares or the dollar value of
Performance Units granted to the Participant; (ii) the Performance Period and Performance Goals
with respect to each such Award; (iii) the threshold, target and maximum shares of Common Stock or
dollar values of each Performance Share or Performance Unit and corresponding Performance Goals,
and (iv) any other terms and conditions as the Committee determines in its sole and absolute
discretion. The Committee shall establish, in its sole and absolute discretion, the Performance
Goals for the applicable Performance Period for each Performance Share or Performance Unit granted
hereunder. Performance Goals for different Participants and for different grants of Performance
Shares and Performance Units need not be identical. Unless otherwise provided in an Award
Agreement, the Participants’ rights as a shareholder in Performance Shares shall be substantially
identical to the terms and conditions that would have been applicable under Section 7 above if the
Performance Shares were Restricted Stock. Unless otherwise provided in an Award Agreement or in
this Section 10 the Participants’ rights as a shareholder in Performance Units shall be
substantially identical to the terms and conditions that would have been applicable under Section 8
above if the Performance Units were Restricted Stock Units. No payments shall be made with respect
to unvested Performance Shares and Performance Units.

          (d) Determination and Payment of Performance Units or Performance Shares Earned. As
soon as practicable after the end of a Performance Period, the Committee shall determine the extent
to which Performance Shares or Performance Units have been earned on the basis of the Company’s
actual performance in relation to the established Performance Goals as set forth in the applicable
Award Agreement and shall certify these results in writing. On the last day of the second month
following the end of the calendar year in which the Committee has certified the results in writing,
the amounts payable or distributable with respect to Performance Shares or Performance Units shall
be paid or distributed to the Participant or the Participant’s estate, devisee or heir at law
(whichever is applicable). Unless otherwise provided in an Award Agreement, the Committee shall
determine in its sole and absolute discretion whether payment with respect to the Performance Share
or Performance Unit shall be made in cash, in shares of Common Stock, or in a combination thereof.
For purposes of making payment or a distribution with respect to a Performance Share or Performance
Unit, the cash equivalent of a share of Common Stock shall be determined by the Fair Market Value
of the Common Stock on the day the Committee designates the Performance Shares or Performance
Units to be payable.

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          (e) Termination of Employment. Unless otherwise provided in an Award Agreement, if a
Participant’s employment or other service with the Company terminates for any reason, all of the
Participant’s outstanding Performance Shares and Performance Units shall be subject to the rules of
this Section.

          (i) Termination for Reason Other Than Death or Disability. If a Participant’s
employment or other service with the Company terminates prior to the expiration of a
Performance Period with respect to any Performance Units or Performance Shares held by such
Participant for any reason other than death or Disability, the outstanding Performance Units
or Performance Shares held by such Participant for which the Performance Period has not yet
expired shall terminate upon such termination and the Participant shall have no further
rights pursuant to such Performance Units or Performance Shares.

          (ii) Termination of Employment for Death or Disability. If a Participant’s
employment or other service with the Company terminates by reason of the Participant’s death
or Disability prior to the end of a Performance Period, the Participant, or the
Participant’s estate, devisee or heir at law (whichever is applicable) shall be entitled to
a payment of the Participant’s outstanding Performance Units and Performance Share at the
end of the applicable Performance Period, pursuant to the terms of the Plan and the
Participant’s Award Agreement; provided, however, that the Participant shall be deemed to
have earned only that proportion (to the nearest whole unit or share) of the Performance
Units or Performance Shares granted to the Participant under such Award as the number of
full months of the Performance Period which have elapsed since the first day of the
Performance Period for which the Award was granted to the end of the month in which the
Participant’s termination of employment or other service, bears to the total number of
months in the Performance Period, subject to the attainment of the Performance Goals
associated with the Award as certified by the Committee. The right to receive any remaining
Performance Units or Performance Shares shall be canceled and forfeited.

     11. OTHER AWARDS

     Awards of shares of Common Stock, phantom stock and other awards that are valued in whole or
in part by reference to, or otherwise based on, Common Stock, may also be made, from time to time,
to Eligible Individuals as may be selected by the Committee. Such Common Stock may be issued in
satisfaction of awards granted under any other plan sponsored by the Company or compensation
payable to an Eligible Individual. In addition, such awards may be made alone or in addition to or
in connection with any other Award granted hereunder. The Committee may determine the terms and
conditions of any such award. Each such award shall be evidenced by an Award Agreement between the
Eligible Individual and the Company which shall specify the number of shares of Common Stock
subject to the award, any consideration therefore, any vesting or performance requirements and such
other terms and conditions as the Committee shall determine in its sole and absolute discretion.

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     12. CHANGE IN CONTROL

     Unless otherwise provided in an Award Agreement, upon the occurrence of a Change in Control of
Swisher, the Committee may in its sole and absolute discretion, provide on a case by case basis
that (i) some or all outstanding Awards may become immediately exercisable or vested, without
regard to any limitation imposed pursuant to this Plan, (ii) that all Awards shall terminate,
provided that Participants shall have the right, immediately prior to the occurrence of such Change
in Control and during such reasonable period as the Committee in its sole discretion shall
determine and designate, to exercise any vested Award in whole or in part, (iii) that all Awards
shall terminate, provided that Participants shall be entitled to a cash payment equal to the Change
in Control Price with respect to shares subject to the vested portion of the Award net of the
Exercise Price thereof (if applicable), (iv) provide that, in connection with a liquidation or
dissolution of Swisher, Awards shall convert into the right to receive liquidation proceeds net of
the Exercise Price (if applicable) and (v) any combination of the foregoing. In the event that the
Committee does not terminate or convert an Award upon a Change in Control of Swisher, then the
Award shall be assumed, or substantially equivalent Awards shall be substituted, by the acquiring,
or succeeding corporation (or an affiliate thereof).

     13. CHANGE IN STATUS OF PARENT OR SUBSIDIARY

     Unless otherwise provided in an Award Agreement or otherwise determined by the Committee, in
the event that an entity or business unit which was previously a part of the Company is no longer a
part of the Company, as determined by the Committee in its sole discretion, the Committee may, in
its sole and absolute discretion: (i) provide on a case by case basis that some or all outstanding
Awards held by a Participant employed by or performing service for such entity or business unit may
become immediately exercisable or vested, without regard to any limitation imposed pursuant to this
Plan; (ii) provide on a case by case basis that some or all outstanding Awards held by a
Participant employed by or performing service for such entity or business unit may remain
outstanding, may continue to vest, and/or may remain exercisable for a period not exceeding one (1)
year, subject to the terms of the Award Agreement and this Plan; and/or (ii) treat the employment
or other services of a Participant employed by such entity or business unit as terminated if such
Participant is not employed by Swisher or any entity that is a part of the Company immediately
after such event.

     14. REQUIREMENTS OF LAW

          (a) Violations of Law. The Company shall not be required to sell or issue any shares
of Common Stock under any Award if the sale or issuance of such shares would constitute a violation
by the individual exercising the Award, the Participant or the Company of any provisions of any law
or regulation of any governmental authority, including without limitation any provisions of the
Sarbanes-Oxley Act, and any other federal or state securities laws or regulations. Any
determination in this connection by the Committee shall be final, binding, and conclusive. The
Company shall not be obligated to take any affirmative action in order to cause the exercise of an
Award, the issuance of shares pursuant thereto or the grant of an Award to comply with any law or
regulation of any governmental authority.

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          (b) Registration. At the time of any exercise or receipt of any Award, the Company
may, if it shall determine it necessary or desirable for any reason, require the Participant (or
Participant’s heirs, legatees or legal representative, as the case may be), as a condition to the
exercise or grant thereof, to deliver to the Company a written representation of present intention
to hold the shares for their own account as an investment and not with a view to, or for sale in
connection with, the distribution of such shares, except in compliance with applicable federal and
state securities laws with respect thereto. In the event such representation is required to be
delivered, an appropriate legend may be placed upon each certificate delivered to the Participant
(or Participant’s heirs, legatees or legal representative, as the case may be) upon the
Participant’s exercise of part or all of the Award or receipt of an Award and a stop transfer order
may be placed with the transfer agent. Each Award shall also be subject to the requirement that,
if at any time the Company determines, in its discretion, that the listing, registration or
qualification of the shares subject to the Award upon any securities exchange or under any state or
federal law, or the consent or approval of any governmental regulatory body, is necessary or
desirable as a condition of or in connection with, the issuance or purchase of the shares
thereunder, the Award may not be exercised in whole or in part and the restrictions on an Award may
not be removed unless such listing, registration, qualification, consent or approval shall have
been effected or obtained free of any conditions not acceptable to the Company in its sole
discretion. The Participant shall provide the Company with any certificates, representations and
information that the Company requests and shall otherwise cooperate with the Company in obtaining
any listing, registration, qualification, consent or approval that the Company deems necessary or
appropriate. The Company shall not be obligated to take any affirmative action in order to cause
the exercisability or vesting of an Award, to cause the exercise of an Award or the issuance of
shares pursuant thereto, or to cause the grant of Award to comply with any law or regulation of any
governmental authority.

          (c) Withholding. The Committee may make such provisions and take such steps as it may
deem necessary or appropriate for the withholding of the minimum amount of taxes that the Company
is required by any law or regulation of any governmental authority, whether federal, state or
local, domestic or foreign, to withhold in connection with the grant or exercise of an Award, or
the removal of restrictions on an Award including, but not limited to: (i) the withholding of
delivery of shares of Common Stock until the holder reimburses the Company for the amount the
Company is required to withhold with respect to such taxes; (ii) the canceling of any number of
shares of Common Stock issuable in an amount sufficient to reimburse the Company for the amount it
is required to so withhold; (iii) withholding the amount due from any such person’s wages or
compensation due to such person; or (iv) requiring the Participant to pay the Company cash in the
amount the Company is required to withhold with respect to such taxes.

          (d) Governing Law. The Plan shall be governed by, and construed and enforced in
accordance with, the laws of the State of Delaware.

     15. GENERAL PROVISIONS

          (a) Award Agreements. All Awards granted pursuant to the Plan shall be evidenced by
an Award Agreement. Each Award Agreement shall specify the terms and conditions of the Award
granted and shall contain any additional provisions as the Committee shall deem appropriate, in its
sole and absolute discretion (including, to the extent that the
Committee deems appropriate, provisions relating to confidentiality, non-competition,
non-solicitation and similar matters). The terms of each Award Agreement need not be identical for
Eligible Individuals provided that all Award Agreements comply with the terms of the Plan.

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          (b) Purchase Price. To the extent the purchase price of any Award granted hereunder
is less than par value of a share of Common Stock and such purchase price is not permitted by
applicable law, the per share purchase price shall be deemed to be equal to the par value of a
share of Common Stock.

          (c) Dividends and Dividend Equivalents. Except as provided by the Committee in its
sole and absolute discretion or as otherwise provided in Section 5(f) and subject to Section 7(e),
8(c) and 10(c) of the Plan, a Participant shall not be entitled to receive, currently or on a
deferred basis, cash or stock dividends, Dividend Equivalents, or cash payments in amounts
equivalent to cash or stock dividends on shares of Commons Stock covered by an Award which has not
vested or an Option. The Committee in its absolute and sole discretion may credit a Participant’s
Award with Dividend Equivalents with respect to any Awards. To the extent that dividends and
distributions relating to an Award are held in escrow by the Company, or Dividend Equivalents are
credited to an Award, a Participant shall not be entitled to any interest on any such amounts. The
Committee may not grant Dividend Equivalents to an Award subject to performance-based vesting to
the extent that the grant of such Dividend Equivalents would limit the Company’s deduction of the
compensation payable under such Award for federal tax purposes pursuant to Code Section 162(m).

          (d) Deferral of Awards. The Committee may from time to time establish procedures
pursuant to which a Participant may elect to defer, until a time or times later than the vesting of
an Award, receipt of all or a portion of the shares of Common Stock or cash subject to such Award
and to receive Common Stock or cash at such later time or times, all on such terms and conditions
as the Committee shall determine. The Committee shall not permit the deferral of an Award unless
counsel for Swisher determines that such action will not result in adverse tax consequences to a
Participant under Section 409A of the Code. If any such deferrals are permitted, then
notwithstanding anything to the contrary herein, a Participant who elects to defer receipt of
Common Stock shall not have any rights as a shareholder with respect to deferred shares of Common
Stock unless and until shares of Common Stock are actually delivered to the Participant with
respect thereto, except to the extent otherwise determined by the Committee.

          (e) Prospective Employees. Notwithstanding anything to the contrary, any Award
granted to a Prospective Employee shall not become vested prior to the date the Prospective
Employee first becomes an employee of the Company.

          (f) Issuance of Certificates; Shareholder Rights. Swisher shall deliver to the
Participant a certificate evidencing the Participant’s ownership of shares of Common Stock issued
pursuant to the exercise of an Award as soon as administratively practicable after satisfaction of
all conditions relating to the issuance of such shares. A Participant shall not have any of the
rights of a shareholder with respect to such Common Stock prior to satisfaction of all conditions
relating to the issuance of such Common Stock, and, except as expressly provided in the Plan, no
adjustment shall be made for dividends, distributions or other rights of any kind for which the
record date is prior to the date on which all such conditions have been satisfied.

-16-

 

          (g) Transferability of Awards. A Participant may not Transfer an Award other than by
will or the laws of descent and distribution. Awards may be exercised during the Participant’s
lifetime only by the Participant. No Award shall be liable for or subject to the debts, contracts,
or liabilities of any Participant, nor shall any Award be subject to legal process or attachment
for or against such person. Any purported Transfer of an Award in contravention of the provisions
of the Plan shall have no force or effect and shall be null and void, and the purported transferee
of such Award shall not acquire any rights with respect to such Award. Notwithstanding anything to
the contrary, the Committee may in its sole and absolute discretion permit the Transfer of an Award
to a Participant’s “family member” as such term is defined in the Form 8-A Registration Statement
under the Securities Act of 1933, as amended, under such terms and conditions as specified by the
Committee. In such case, such Award shall be exercisable only by the transferee approved of by the
Committee. To the extent that the Committee permits the Transfer of an Incentive Stock Option to a
“family member”, so that such Option fails to continue to satisfy the requirements of an incentive
stock option under the Code such Option shall automatically be re-designated as a Non-Qualified
Stock Option.

          (h) Buyout and Settlement Provisions. Except as prohibited in Section 6(e) of the
Plan, the Committee may at any time on behalf of Swisher offer to buy out any Awards previously
granted based on such terms and conditions as the Committee shall determine which shall be
communicated to the Participants at the time such offer is made.

          (i) Use of Proceeds. The proceeds received by Swisher from the sale of Common Stock
pursuant to Awards granted under the Plan shall constitute general funds of Swisher.

          (j) Modification or Substitution of an Award. Subject to the terms and conditions of
the Plan, the Committee may modify outstanding Awards. Notwithstanding the following, no
modification of an Award shall adversely affect any rights or obligations of the Participant under
the applicable Award Agreement without the Participant’s consent. The Committee in its sole and
absolute discretion may rescind, modify, or waive any vesting requirements or other conditions
applicable to an Award. Notwithstanding the foregoing, without the approval of the shareholders of
Swisher in accordance with applicable law, an Award may not be modified to reduce the exercise
price thereof nor may an Award at a lower price be substituted for a surrender of an Award,
provided that the foregoing shall not apply to adjustments or substitutions in accordance with
Section 5 or Section 12.

          (k) Amendment and Termination of Plan. The Board may, at any time and from time to
time, amend, suspend or terminate the Plan as to any shares of Common Stock as to which Awards have
not been granted; provided, however, that the approval of the shareholders of Swisher in accordance
with applicable law and the Articles of Incorporation and Bylaws of Swisher shall be required for
any amendment: (i) that changes the class of individuals eligible to receive Awards under the Plan;
(ii) that increases the maximum number of shares of Common Stock in the aggregate that may be
subject to Awards that are granted under the Plan (except as permitted under Section 5 or Section
12 hereof); (iii) the approval of which is necessary to comply with federal or state law (including
without limitation Section 162(m) of the Code and Rule 16b-3 under the Exchange Act) or with the
rules of any stock exchange or automated quotation system on which the Common Stock may be listed
or traded; (iv) any amendment to
increase or remove the insider participation limit set forth in Section 5(c) hereof; or (v)
that proposed to eliminate a requirement provided herein that the shareholders of Swisher must
approve an action to be undertaken under the Plan. Except as permitted under Section 5 or Section
12 hereof, no amendment, suspension or termination of the Plan shall, without the consent of the
holder of an Award, alter or impair rights or obligations under any Award theretofore granted under
the Plan. Awards granted prior to the termination of the Plan may extend beyond the date the Plan
is terminated and shall continue subject to the terms of the Plan as in effect on the date the Plan
is terminated.

-17-

 

          (l) Section 409A of the Code. The Plan is intended to provide for deferral of
compensation for purposes of Section 409A of the Code, by means of complying with Section
1.409A-1(b)(4) and/or Section 1.409A-1(b)(5) of the final Treasury regulations issued under Section
409A of the Code. The provisions of the Plan shall be interpreted in a manner that satisfies the
requirements of Section 1.409A-1(b)(4) and/or Section 1.409A-1(b)(5) of the final Treasury
regulations issued under Section 409A of the Code and the Plan shall be operated accordingly. If
any provision of the Plan or any term or condition of any Award would otherwise frustrate or
conflict with this intent, the provision, term or condition will be interpreted and deemed amended
so as to avoid this conflict.

               In the event that following the application of the immediately preceding paragraph, any Award
is subject to Section 409A of the Code, the provisions of Section 409A of the Code and the
regulations issued thereunder are incorporated herein by reference to the extent necessary for any
Award that is subject Section 409A of the Code to comply therewith. In such event, the provisions
of the Plan shall be interpreted in a manner that satisfies the requirements of Section 409A of the
Code and the related regulations, and the Plan shall be operated accordingly. If any provision of
the Plan or any term or condition of any Award would otherwise frustrate or conflict with this
intent, the provision, term or condition will be interpreted and deemed amended so as to avoid this
conflict.

               Notwithstanding any other provisions of the Plan, the Company does not guarantee to any
Participant or any other person that any Award intended to be exempt from Section 409A of the Code
shall be so exempt, nor that any Award intended to comply with Section 409A of the Code shall so
comply, nor will the Company indemnify, defend or hold harmless any individual with respect to the
tax consequences of any such failure.

          (m) Notification of 83(b) Election. If in connection with the grant of any Award a
Participant makes an election permitted under Code Section 83(b), such Participant must notify the
Company in writing of such election within ten (10) days of filing such election with the Internal
Revenue Service.

          (n) Disclaimer of Rights. No provision in the Plan, any Award granted hereunder, or
any Award Agreement entered into pursuant to the Plan shall be construed to confer upon any
individual the right to remain in the employ of or other service with the Company or to interfere
in any way with the right and authority of the Company either to increase or decrease the
compensation of any individual, including any holder of an Award, at any time, or to terminate any
employment or other relationship between any individual and the Company. The grant of an Award
pursuant to the Plan shall not affect or limit in any way the
right or power of the Company to make adjustments, reclassifications, reorganizations or
changes of its capital or business structure or to merge, consolidate, dissolve or liquidate, or to
sell or transfer all or any part of its business or assets.

-18-

 

          (o) Unfunded Status of Plan. The Plan is intended to constitute an “unfunded” plan
for incentive and deferred compensation. With respect to any payments as to which a Participant
has a fixed and vested interest but which are not yet made to such 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.

          (p) Nonexclusivity of Plan. The adoption of the Plan shall not be construed as
creating any limitations upon the right and authority of the Board to adopt such other incentive
compensation arrangements (which arrangements may be applicable either generally to a class or
classes of individuals or specifically to a particular individual or individuals) as the Board in
its sole and absolute discretion determines desirable.

          (q) Other Benefits. No Award payment under the Plan shall be deemed compensation for
purposes of computing benefits under any retirement plan of the Company or any agreement between a
Participant and the Company, nor affect any benefits under any other benefit plan of the Company
now or subsequently in effect under which benefits are based upon a Participant’s level of
compensation.

          (r) Headings. The section headings in the Plan are for convenience only; they form no
part of this Agreement and shall not affect its interpretation.

          (s) Pronouns. The use of any gender in the Plan shall be deemed to include all
genders, and the use of the singular shall be deemed to include the plural and vice versa, wherever
it appears appropriate from the context.

          (t) Successors and Assigns. The Plan shall be binding on all successors of the
Company and all successors and permitted assigns of a Participant, including, but not limited to, a
Participant’s estate, devisee, or heir at law.

          (u) Severability. If any provision of the Plan or any Award Agreement shall be
determined to be illegal or unenforceable by any court of law in any jurisdiction, the remaining
provisions hereof and thereof shall be severable and enforceable in accordance with their terms,
and all provisions shall remain enforceable in any other jurisdiction.

          (v) Notices. Unless otherwise provided by the Committee, any communication or notice
required or permitted to be given under the Plan shall be in writing, and mailed by registered or
certified mail or delivered by hand, to Swisher, to its principal place of business, attention:
Chief Financial Officer, Swisher Hygiene Inc., and if to the holder of an Award, to the address as
appearing on the records of the Company.

-19-

 

APPENDIX A

 

DEFINITIONS

     “Award” means any Common Stock, Option, Performance Share, Performance Unit, Restricted Stock,
Restricted Stock Unit, Stock Appreciation Right or any other award granted pursuant to the Plan.

     “Award Agreement” means a written agreement entered into by Swisher and a Participant setting
forth the terms and conditions of the grant of an Award to such Participant.

     “Board” means the board of directors of Swisher.

     “Cause” means, with respect to a termination of employment or other service with the Company,
a termination of employment or other service due to a Participant’s dishonesty, fraud,
insubordination, willful misconduct, refusal to perform services (for any reason other than illness
or incapacity) or materially unsatisfactory performance of the Participant’s duties for the
Company; provided, however, that if the Participant and the Company have entered into an employment
agreement or consulting agreement which defines the term Cause, the term Cause shall be defined in
accordance with such agreement with respect to any Award granted to the Participant on or after the
effective date of the respective employment or consulting agreement. The Committee shall determine
in its sole and absolute discretion whether Cause exists for purposes of the Plan.

     “Change in Control” shall be deemed to occur upon:

          (a) any “person” as such term is used in Sections 13(d) and 14(d) of the Exchange Act (other
than Swisher, any trustee or other fiduciary holding securities under any employee benefit plan of
the Company, or any company owned, directly or indirectly, by the shareholders of Swisher in
substantially the same proportions as their ownership of common stock of Swisher), is or becomes
the “beneficial owner” (as defined in Rule 13d-3 under the Exchange Act), directly or indirectly,
of securities of Swisher representing thirty percent (30%) or more of the combined voting power of
Swisher’s then outstanding securities;

          (b) during any period of two (2) consecutive years, individuals who at the beginning of such
period constitute the Board, and any new director (other than a director designated by a person who
has entered into an agreement with the Company to effect a transaction described in paragraph (a),
(c), or (d) of this Section) whose election by the Board or nomination for election by Swisher’s
shareholders was approved by a vote of at least two-thirds of the directors then still in office
who either were directors at the beginning of the two-year period or whose election or nomination
for election was previously so approved, cease for any reason to constitute at least a majority of
the Board;

          (c) a merger, consolidation, reorganization, or other business combination of Swisher with any
other entity, other than a merger or consolidation which would result in the voting securities of
Swisher outstanding immediately prior thereto continuing to represent (either by remaining
outstanding or by being converted into voting securities of the surviving entity)
more than fifty percent (50%) of the combined voting power of the voting securities of Swisher
or such surviving entity outstanding immediately after such merger or consolidation; provided,
however, that a merger or consolidation effected to implement a recapitalization of Swisher (or
similar transaction) in which no person acquires thirty percent (30%) or more of the combined
voting power of Swisher’s then outstanding securities shall not constitute a Change in Control; or

A-1 

 

          (d) the shareholders of Swisher approve a plan of complete liquidation of Swisher or the
consummation of the sale or disposition by Swisher of all or substantially all of Swisher’s assets
other than (x) the sale or disposition of all or substantially all of the assets of Swisher to a
person or persons who beneficially own, directly or indirectly, at least fifty percent (50%) or
more of the combined voting power of the outstanding voting securities of Swisher at the time of
the sale or (y) pursuant to a spin-off type transaction, directly or indirectly, of such assets to
the shareholders of Swisher.

     However, to the extent that Section 409A of the Code would cause an adverse tax consequence to
a Participant using the above definition, the term “Change in Control” shall have the meaning
ascribed to the phrase “Change in the Ownership or Effective Control of a Corporation or in the
Ownership of a Substantial Portion of the Assets of a Corporation” under Treasury Department
Regulation 1.409A-3(i)(5), as revised from time to time, and in the event that such regulations are
withdrawn or such phrase (or a substantially similar phrase) ceases to be defined, as determined by
the Committee.

     “Change in Control Price” means the price per share of Common Stock paid in any transaction
related to a Change in Control of Swisher.

     “Code” means the Internal Revenue Code of 1986, as amended, and the regulations promulgated
thereunder.

     “Committee” means a committee or sub-committee of the Board consisting of two or more members
of the Board, none of whom shall be an officer or other salaried employee of the Company, and each
of whom shall qualify in all respects as a “non-employee director” as defined in Rule 16b-3 under
the Exchange Act, and as an “outside director” for purposes of Code Section 162(m). If no
Committee exists, the functions of the Committee will be exercised by the Board; provided, however,
that a Committee shall be created prior to the grant of Awards to a Covered Employee and that
grants of Awards to a Covered Employee shall be made only by such Committee. Notwithstanding the
foregoing, with respect to the grant of Awards to non-employee directors, the Committee shall be
the Board.

     “Common Stock” means the common stock, par value $                     per share, of Swisher.

     “Company” means Swisher, the subsidiaries of Swisher, and all other entities whose financial
statements are required to be consolidated with the financial statements of Swisher pursuant to
United States generally accepted accounting principles, and any other entity determined to be an
affiliate of Swisher as determined by the Committee in its sole and absolute discretion.

     “Covered Employee” means “covered employee” as defined in Code Section 162(m)(3).

A-2 

 

     “Covered Individual” means any current or former member of the Committee, any current or
former officer or director of the Company, or any individual designated pursuant to Section 4(c).

     “Disability” means a “permanent and total disability” within the meaning of Code Section
22(e)(3); provided, however, that if a Participant and the Company have entered into an employment
or consulting agreement which defines the term Disability for purposes of such agreement,
Disability shall be defined pursuant to the definition in such agreement with respect to any Award
granted to the Participant on or after the effective date of the respective employment or
consulting agreement. The Committee shall determine in its sole and absolute discretion whether a
Disability exists for purposes of the Plan.

     “Dividend Equivalents” means an amount equal to the cash dividends paid by the Company upon
one share of Common Stock subject to an Award granted to a Participant under the Plan.

     “Effective Date” shall mean the date that the Plan was approved by the shareholders of Swisher
in accordance with the laws of the State of Delaware or such later date as provided in the
resolutions adopting the Plan.

     “Eligible Individual” means any employee, officer, director (employee or non-employee
director) or consultant of the Company and any Prospective Employee to whom Awards are granted in
connection with an offer of future employment with the Company, provided, however, that for
purposes of granting Options and Stock Appreciation Rights there shall be excluded from the
definition of Eligible Individual any individual performing services for the Company, who does not
perform services for Swisher or any other entity with respect which Common Stock is “service
recipient stock” as such term is defined for purposes of the Treasury regulations promulgated under
Section 409A of the Code.

     “Exchange Act” means the Securities Exchange Act of 1934, as amended.

     “Exercise Price” means the purchase price per share of each share of Common Stock subject to
an Award.

     “Fair Market Value” means, unless otherwise required by the Code, as of any date, the last
sales price reported for the Common Stock on the day immediately prior to such date (i) as reported
by the national securities exchange in the United States on which it is then traded, or (ii) if not
traded on any such national securities exchange, as quoted on an automated quotation system
sponsored by the National Association of Securities Dealers, Inc., or if the Common Stock shall not
have been reported or quoted on such date, on the first day prior thereto on which the Common Stock
was reported or quoted; provided, however, that the Committee may modify the definition of Fair
Market Value to reflect any changes in the trading practices of any exchange or automated system
sponsored by the National Association of Securities Dealers, Inc. on which the Common Stock is
listed or traded. If the Common Stock is not readily traded on a national securities exchange or
any system sponsored by the National Association of Securities Dealers, Inc., the Fair Market Value
shall be determined in good faith by the Committee.

A-3 

 

     “Grant Date” means the date on which the Committee approves the grant of an Award or such
later date as is specified by the Committee and set forth in the applicable Award Agreement.

     “Incentive Stock Option” means an “incentive stock option” within the meaning of Code Section
422.

     “Insider” has the meaning given to it in TSE Policies;

     “Non-Qualified Stock Option” means an Option which is not an Incentive Stock Option.

     “Option” means an option to purchase Common Stock granted pursuant to Sections 6 of the Plan.

     “Participant” means any Eligible Individual who holds an Award under the Plan and any of such
individual’s successors or permitted assigns.

     “Performance Goals” means the specified performance goals which have been established by the
Committee in connection with an Award.

     “Performance Period” means the period during which Performance Goals must be achieved in
connection with an Award granted under the Plan.

     “Performance Share” means a right to receive a fixed number of shares of Common Stock, or the
cash equivalent, which is contingent on the achievement of certain Performance Goals during a
Performance Period.

     “Performance Unit” means a right to receive a designated dollar value, or shares of Common
Stock of the equivalent value, which is contingent on the achievement of Performance Goals during a
Performance Period.

     “Person” shall mean any person, corporation, partnership, joint venture or other entity or any
group (as such term is defined for purposes of Section 13(d) of the Exchange Act), other than a
parent or subsidiary of Swisher.

     “Plan” means this Swisher Hygiene Inc. 2010 Stock Incentive Plan.

     “Prospective Employee” means any individual who has committed to become an employee of the
Company within sixty (60) days from the date an Award is granted to such individual, provided,
however, that for purposes of granting Options and Stock Appreciation Rights there shall be
excluded for the definition of Prospective Employee any individual who does commit to perform
services for Swisher or any other entity with respect which Common Stock is “service recipient
stock” as such term is defined for purposes of the Treasury regulations promulgated under Section
409A of the Code.

     “Restricted Stock” means Common Stock subject to certain restrictions, as determined by the
Committee, and granted pursuant to Section 7 hereunder.

A-4 

 

     “Restricted Stock Unit” means a right, granted under Section 8 hereof, to receive Common Stock
at the end of a specified period.

     “Regulatory Approval” means the approval of the TSE, together with the approval of any
other securities regulatory authority that may have lawful jurisdiction over the Plan and
any Awards issued hereunder.

     “Section 424 Employee” means an employee of Swisher or any “subsidiary corporation” or “parent
corporation” as such terms are defined in and in accordance with Code Section 424. The term
“Section 424 Employee” also includes employees of a corporation issuing or assuming any Options in
a transaction to which Code Section 424(a) applies.

     “Stock Appreciation Right” means the right to receive all or some portion of the increase in
value of a fixed number of shares of Common Stock granted pursuant to Section 9 hereunder.

     “Swisher” means Swisher Hygiene Inc., a Delaware Corporation, including any successor thereto
by merger, consolidation, acquisition or otherwise.

     “TSE” means the Toronto Stock Exchange and any successor thereto;

     “TSE Policies” means the rules and policies of the TSE, as amended from time to time.

     “Transfer” means, as a noun, any direct or indirect, voluntary or involuntary, exchange, sale,
bequeath, pledge, mortgage, hypothecation, encumbrance, distribution, transfer, gift, assignment or
other disposition or attempted disposition of, and, as a verb, directly or indirectly, voluntarily
or involuntarily, to exchange, sell, bequeath, pledge, mortgage, hypothecate, encumber, distribute,
transfer, give, assign or in any other manner whatsoever dispose or attempt to dispose of.

A-5

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