Document:

EX-10.5

 Exhibit 10.5 

Execution Version 
 PARTY
CITY HOLDCO INC. 
 80 Grasslands Road 

Elmsford, New York 10523 

March 24, 2015 
 Dear Mike: 

This letter will confirm our understanding regarding the terms of your continued employment as the Chief Financial Officer of Party City
Holdings Inc. (the “Company”) and Party City Holdco, Inc. (“Holdco”). 

1. Annual Base Salary. Your annual base salary is $400,000, as may be adjusted from time to time by the board of directors of Holdco.

 2. Annual Bonus. You will be eligible for an annual cash bonus (the “Annual Bonus”) consistent with the
Company’s bonus plan for key executives as in effect from time to time (the “Bonus Plan”) with a target amount equal to 50% of your annual base salary and with the actual amount of the Annual Bonus, if any, to be determined by
the board of directors of Holdco (or the compensation committee thereof) in accordance with the Bonus Plan. The Annual Bonus, if any, shall be paid no later than two and one-half months following the end of the calendar year to which such Annual
Bonus corresponds, subject to your continued employment through the end of the calendar year to which such Annual Bonus corresponds. 
 3.
Severance. 
 (a) If your employment with the Company and Holdco is terminated by the Company without Cause (as
defined below), subject to your signing within 45 days of the date of your termination (and not subsequently revoking) an effective general release of claims (the “Release”) in the form attached hereto and your continued compliance
with the requirements of Section 5 below, the Company will pay you: (i) (A) an amount of cash equal to your annual base salary as of the date of such termination, and (B) to the extent permitted under applicable law without
penalty to the Company, an amount in cash that is sufficient on an after-tax basis to reimburse you for the portion of your COBRA premiums that is equal to the employer contributions made on your behalf as of immediately prior to such termination
under the Company’s group health plans, which, in each case, shall be paid in equal installments in accordance with the Company’s regular payroll schedule over the one-year period commencing on the date of such termination, with the first
payment to be paid in arrears on the 60th day following such date of termination, and (ii) the Annual Bonus you would have received based on actual performance for the Company’s fiscal
year in which such termination occurs, which shall be paid to you within the first two and one-half months following the end of the calendar year to which such Annual Bonus corresponds. 

(b) If your employment with the Company and Holdco terminates due to your death or the Company terminates your employment due
to your Permanent Disability (as defined below), the Company will pay you: (i) the Annual Bonus you would have received based on actual performance for the Company’s fiscal year in which such termination occurs, multiplied by (ii) a
fraction, the numerator of which is the number of days in the applicable fiscal year during which you were employed by the Company prior to your death or the date 

 
of termination of your employment due to Permanent Disability, as applicable, and the denominator of which is 365. Any amount payable to you under this Section 3(b) shall be paid to you
within the first two and one-half months following the end of the calendar year to which such Annual Bonus corresponds. Notwithstanding anything to the contrary set forth herein, you shall not be entitled any payment pursuant to this
Section 3(b) unless you (or your beneficiary previously designated in writing to the Company or, if no such beneficiary has been so designated, your estate, as applicable) have, at the written request of the Company or Holdco, executed the
Release (which such form may be modified by the Company to the extent necessary to reflect execution by a person other than you) no later than forty-five (45) days following the date of termination (which period shall be sixty-five
(65) days following the date of termination in the case of a termination of your employment due to your death) and shall not have revoked such release in accordance with its terms. 

(c) “Cause” means (1) your conviction by a court of competent jurisdiction of
a felony (excluding felonies under the Vehicle and Traffic Code of the State of New York or any similar law of another state within the United States of America); (2) any act of intentional fraud in connection with your employment with the
Company; (3) any act of gross negligence or willful misconduct with respect to your employment with the Company and (4) any act of willful disobedience in violation of specific reasonable directions of the board of directors of Holdco or
the Chief Executive Officer of the Company and/or Holdco consistent with your duties as the Chief Financial Officer of the Company and Holdco. 

(d) “Permanent Disability” means that you (i) are unable to perform the duties of your
employment by reason of any medically determinable physical or mental impairment which can be expected to result in death or can be expected to last for a continuous period of not less than twelve (12) months; (ii) are, by reason of any
medically determinable physical or mental impairment which can be expected to result in death or can be expected to last for a continuous period of not less than twelve (12) months, receiving income replacement benefits for a period of not less
than three months under an accident and health plan covering employees of the Company, or (iii) have been determined to be totally disabled by the Social Security Administration. 

4. Term. This agreement will remain in effect for so long as you are employed by the Company or Holdco, unless earlier terminated by
the mutual consent of you and the Company and Holdco. 
 5. Confidential Information. You shall hold in a fiduciary capacity for the
benefit of the Company and Holdco all secret or confidential information, knowledge or data relating to the Company, Holdco or any company affiliated with the Company or Holdco and their respective businesses that you obtain during your employment
by the Company and Holdco (whether before, during or after such employment period) and that is not public knowledge (other than as a result of your violation of this Section 5) (“Confidential Information”). You shall not
communicate, divulge or disseminate Confidential Information at any time during or after your employment with the Company and Holdco, except with the prior written consent of the Company or as otherwise required by law. Promptly following your
termination of employment, you shall return to the Company all property of the Company, Holdco and their respective subsidiaries and affiliates, and all copies thereof, in your possession or under your control, including, without limitation, all
Confidential Information in whatever media such Confidential Information is maintained. 

 6. Certain Delayed Payments. If any payment or benefit hereunder constituting
“nonqualified deferred compensation” subject to Section 409A of the Internal Revenue Code of 1986, as amended (“Section 409A”) would be subject to subsection (a)(2)(B)(i) of Section 409A (relating to payments
made to “specified employees” of publicly-traded companies upon separation from service), any such payment or benefit to which you would otherwise be entitled during the six (6) month period following your separation from service will
instead be provided or paid without interest on the first business day following the expiration of such six (6) month period, or if earlier, the date of your death. The term “specified employee” means an individual determined by
Holdco to be a specified employee under Treasury regulation Section 1.409A-1(i). 
 7. Miscellaneous. 

(a) This agreement is personal to you and shall not be assignable by you. This agreement shall inure to the benefit of and be
enforceable by your legal representatives and heirs and successors. This agreement shall inure to the benefit of and be binding upon the Company and Holdco and their successors and assigns. 

(b) Notwithstanding any other provision of this agreement, the Company and Holdco may withhold from amounts payable under this
agreement all taxes that are required to be withheld by applicable laws or regulations. 
 (c) You acknowledge and agree that
this agreement, together with the Exhibit hereto, supersedes all other agreements and understandings, both written and oral, between you and the Company, Holdco and their affiliates with respect to the subject matter hereof, including, without
limitation, the letter agreement to you from Amscan Inc. dated April 28, 1997; provided, however, that this agreement shall not supersede any agreement with the Company, Holdco or any affiliate of either relating to
confidentiality or any other restrictive covenant. This agreement may be executed in counterparts, each of which shall be deemed to be an original, but all of which shall together constitute one and the same instrument. 

(d) Provisions of this agreement shall survive any termination of employment if so provided herein or if necessary or desirable
to accomplish the purposes of other surviving provisions, including, without limitation, your obligations under Section 5 hereof. 

(e) This agreement shall be governed by, and construed in accordance with, the laws of the State of New York, without reference
to principles of conflict of laws. The captions of this agreement are not part of the provisions hereof and shall have no force or effect. This agreement may not be amended or modified except by a written agreement executed by the parties hereto or
their respective heirs, successors and legal representatives. 
 [Remainder of Page Intentionally Left Blank] 

 By its signature below, each party agrees to the terms of this letter agreement as of the date
first written above. 
  

			
	 Party City Holdco Inc.

		
	By:		 /s/ James M. Harrison

		
	Name:		James M. Harrison
		
	Title:		Chief Executive Officer

 
			
	
	 Party City Holdings Inc.

		
	By:		 /s/ James M. Harrison

		
	Name:		James M. Harrison
		
	Title:		Chief Executive Officer

 
			
		
	 Executive
		
	
	     /s/ Michael
Correale            

	
	Michael Correale

 Exhibit A 

FORM OF RELEASE OF CLAIMS 

This Release of Claims is provided by me, Michael Correale, pursuant to the letter agreement between me and Party City Holdco, Inc. (the
“Company”) dated as of March 24, 2015 (the “Letter Agreement”). 
 This Release of Claims is given in consideration
of the severance benefits to be provided to me in connection with the termination of my employment under Section 3(a) or 3(b), as applicable, of the Letter Agreement (the “Separation Payments”), which are conditioned on my signing
this Release of Claims and to which I am not otherwise entitled, and for other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged. On my own behalf and that of my heirs, executors, administrators,
beneficiaries, representatives and assigns, and all others connected with or claiming through me, I hereby release and forever discharge the Company from any and all causes of action, rights or claims of any type or description, known or unknown,
which I have had in the past, now have or might have, through the date of my signing of this Release of Claims. This includes, without limitation, any and all causes of action, rights or claims in any way resulting from, arising out of or connected
with my employment by the Company or the termination of that employment or pursuant to any federal, state or local law, regulation or other requirement, including without limitation Title VII of the Civil Rights Act of 1964, the Americans with
Disabilities Act, the Age Discrimination in Employment Act, the fair employment practices statutes of the state or states in which I have provided services to the Company or any other federal, state, local or foreign law, all as amended, any
contracts of employment, any tort claims, or any agreements, plans or policies. 
 Nothing in this Release of Claims shall be construed to
prohibit you from filing a charge with or participating in any investigation or proceeding conducted by the federal Equal Employment Opportunity Commission or a comparable state or local agency, except that you hereby agree to waive your right to
recover monetary damages or other individual relief in any charge, complaint or lawsuit filed by you or by anyone else on your behalf. 

For purposes of this Release of Claims, the word “Company” always includes the Company, Holdco, the subsidiaries and affiliates of
the Company or Holdco and all of their respective past, present and future officers, directors, trustees, shareholders, employees, employee benefit plans and any of the trustees or administrators thereof, agents, general and limited partners,
members, managers, investors, joint venturers, representatives, predecessors, successors and assigns, and all others connected with any of them, both individually and in their official capacities. 

Excluded from the scope of this Release of Claims are any rights to benefits that were vested under the Company’s employee benefit plans
on the date on which your employment with the Company terminated, in accordance with the terms of such plans. 
 In signing this Release of
Claims, I give the Company assurance that I have returned to the Company any and all documents, materials and information related to the business, whether 

 
present or otherwise, of the Company and all keys and other property of the Company that were in my possession or control, all as required by and consistent with Section 5 of the Letter
Agreement. I agree that I will not, for any purpose, attempt to access or use any computer or computer network or system of the Company, including without limitation their electronic mail systems. I further acknowledge that I have disclosed to the
Company all passwords necessary or desirable to enable the Company to access all information which I have password-protected on its computer network or system. 

In signing this Release of Claims, I agree that I have been paid in full all compensation due to me, whether for services rendered by me to
the Company or otherwise, through the date on which my employment with the Company terminated and that, exclusive only of the Separation Payments, no further compensation of any kind shall be due to me by the Company, whether arising under the
Letter Agreement or otherwise, in connection with my employment or the termination thereof. I also agree that except for any right my eligible dependents and I may have to continue participation in the Company’s health and dental plans under
the federal law commonly known as COBRA, my right to participate in any employee benefit plan of the Company will be determined in accordance with the terms of such plan. 

I acknowledge that my eligibility for the Separation Payments is not only contingent on my signing and returning this Release of Claims to the
Company in a timely manner and not revoking it thereafter, but also is subject to my compliance with the covenants contained in the Letter Agreement. 

In signing this Release of Claims, I acknowledge that I have not relied on any promises or representations, express or implied, that are not
set forth expressly in this Release of Claims. I further acknowledge that I am waiving and releasing any rights I may have under the Age Discrimination in Employment Act of 1967, as amended (“ADEA”), and that this waiver and release is
knowing and voluntary and is being done with a full understanding of its terms. I agree that the consideration given for this waiver and release is in addition to anything of value to which I was already entitled. I further acknowledge that I have
been advised by this writing as required by the ADEA that: 
 1. I have the right to and am advised by the Company to consult with an
attorney prior to executing this Release of Claims; and I acknowledge that I have had sufficient time to consider this Release of Claims and to consult with an attorney, if I wished to do so, or to consult with any other person of my choosing before
signing; 
 2. I may not sign this Release of Claims prior to the termination of my employment, but that I may consider the terms of this
Release of Claims for up to twenty-one days (or, if the Company so instructs me in writing, for up to forty-five days) from the later of the date my employment with the Company terminates or the date I receive this Release of Claims; 

3. I have seven (7) days following execution of this Release of Claims to revoke this Release of Claims; and 

 4. This Release of Claims shall not be effective until the revocation period has expired. 

Intending to be legally bound, I have signed this Release of Claims as of the date written below. 

 

							
	Signature:		  
		Date signed:		  

				
			Michael CorrealeEX-10.17

 EXHIBIT 10.17 

PARTY CITY HOLDCO INC. 

AMENDED AND RESTATED 2012 OMNIBUS EQUITY INCENTIVE PLAN 
  

	Article 1.	Establishment & Purpose 

 1.1 Establishment. Party City Holdco Inc., a
Delaware corporation (the “Company”), established the 2012 Omnibus Equity Incentive Plan (this “Plan”) as of July 27, 2012. This Plan was amended and restated as set forth herein effective as of [—], 2015 (the “Effective Date”). 
 1.2 Purpose of this Plan. The
purpose of this Plan is to attract, retain and motivate the officers, directors, employees and consultants of the Company and its Subsidiaries and Affiliates, and to promote the success of the Company’s business by providing them with
appropriate incentives and rewards either through a proprietary interest in the long-term success of the Company or compensation based on fulfilling certain performance goals. 

Article 2. Definitions 
 Capitalized
terms used and not otherwise defined herein shall have the meanings set forth below. 
 2.1 “Affiliate”
means, with respect to any specified Person, any other Person which, directly or indirectly, through one or more intermediaries, controls, or is controlled by, or is under common control with, such specified Person (for the purposes of this
definition, “control” (including, with correlative meanings, the terms “controlling,” “controlled by” and “under common control with”), as used with respect to any Person, means the
possession, directly or indirectly, of the power to direct or cause the direction of the management or policies of such Person, whether through the ownership of voting securities, by agreement or otherwise); provided, however, that for
purposes of this Plan the Company and its Subsidiaries shall not be an Affiliate of any Stockholder or of any Stockholder’s Affiliates. Unless otherwise specifically indicated, when used herein the term Affiliate shall refer to an
Affiliate of the Company. 
 2.2 “Award” means any Option, Stock Appreciation Right, Restricted Stock,
Unrestricted Stock, or Other Stock-Based Award that is granted under this Plan. 
 2.3 “Award Agreement”
means either (a) a written agreement (which may be in an electronic format) entered into by the Company and a Participant setting forth the terms and provisions applicable to an Award, or (b) a written statement (which may be in an
electronic format) signed by an authorized officer of the Company to a Participant describing the terms and provisions of the actual grant of such Award. 

2.4 “Board” means the Board of Directors of the Company. 

2.5 “Cause”, unless otherwise specified in the Award Agreement, shall have the meaning set forth below, except
with respect to any Participant who is employed by the Company or one of its Subsidiaries pursuant to an effective written employment agreement, if 

 
any, between the Company and/or one of its Subsidiaries and such Participant in which there is a definition of “Cause” (or a similar term), in which event the definition of
“Cause” (or such similar term) as set forth in such employment agreement shall be deemed to be the definition of “Cause” herein solely for such Participant and only for so long as such employment agreement remains effective. In
all other events, the term “Cause” shall mean the Committee or its designee has determined, in its reasonable judgment, that any one or more of the following has occurred: (a) the Participant shall have been convicted of, indicted
for, or shall have pleaded guilty or nolo contendere to, any felony, indictable offense or any crime involving fraud, dishonesty or moral turpitude or which materially impairs the Participant’s ability to perform his or her duties with
the Company and/or its Subsidiaries; (b) the Participant shall have committed any fraud, theft, embezzlement, misappropriation of funds, breach of fiduciary duty, unauthorized use or destruction of any asset of the Company, act of dishonesty or
other violation of the Company’s or an Affiliate’s (if applicable) written policies, rules or practices (including any employment, Service, non-disclosure, non-competition, non-solicitation or other similar agreement between the Company
and/or one of its Subsidiaries and the Participant); (c) the Participant shall have breached in any material respect any of the provisions of any agreement between the Participant and the Company or its Affiliates; (d) the Participant
shall have engaged in conduct likely to make the Company or any of its Affiliates subject to criminal liabilities other than those arising from the Company’s normal business activities; (e) the Participant shall have willfully engaged in
any other conduct that involves a breach of fiduciary obligation on the part of the Participant or otherwise could reasonably be expected to have a material adverse effect upon the business, interests or reputation of the Company or any of its
Affiliates; or (f) the Participant’s failure or refusal (other than due to Permanent Disability) to substantially perform the duties reasonably assigned to the Participant by the Board or the Participant’s direct supervisor; provided,
however, that, the Participant has first been given written notice by the Company or its Affiliate, as applicable, of such failure or refusal and such conduct remains uncured for a period of ten (10) business days after such notice to the
Participant. 
 2.6 “Change of Control”, unless otherwise specified in the Award Agreement, means any
transaction or a series of related transactions as a result of which any Person or group of Persons other than Thomas H. Lee Partners, L.P. (“THL”), Advent International Corporation (“Advent”), or funds affiliated
with either THL or Advent, shall (A) acquire (whether by purchase, exchange, tender offer, merger, consolidation, recapitalization, redemption, reorganization, issuance of capital stock or otherwise) beneficial ownership (as defined in Rule
13d-3 under the Securities Exchange Act of 1934, as amended) of directly or indirectly more than 50% of the voting power (entitling the beneficial owner to vote generally in the election of directors to the Board) of the Company or more than 50% of
Shares that were issued and outstanding immediately prior to such transaction or series of transactions, or (B) acquire assets constituting all or substantially all of the assets of the Company (by merger, consolidation or otherwise);
provided, that, to the extent necessary to comply with Section 409A of the Code with respect to the payment of deferred compensation, “Change of Control” shall be limited to a “change in control event” as
defined in the Treasury Regulations Section 1.409A-3(i)(5) prescribed pursuant to Section 409A of the Code. 
 2.7
“Code” means the U.S. Internal Revenue Code of 1986, as amended from time to time. 

  
 2 

 2.8 “Committee” means the Compensation Committee of the Board;
provided, that with respect to any Award intended to qualify for the performance-based compensation exception in Section 162(m) following the expiration of any post-initial public offering transition relief in Section 1.162-27(f) of
the Treasury Regulations, if any member of the Compensation Committee is not an “outside director” (as defined in Section 162(m)), “Committee” means a subcommittee of the Compensation Committee (or other committee
established by the Board) consisting solely of at least two members who are “outside directors” as so defined. The full Board may perform any function of the Committee hereunder or under any Award Agreement, in which case the term
“Committee” shall refer to the Board. 
 2.9 “Consultant” means any person who provides bona fide
services to the Company or any Affiliate or Subsidiary as a consultant or advisor, excluding any Employee or Director; provided, that the identity of such Person, the nature of such services or the entity to which such services are provided
would not preclude the Company from offering or selling securities to such person pursuant to the Plan in reliance on registration on Form S-8 under the Securities Act of 1933, as amended. 

2.10 “Director” means a member of the Board who is not an Employee. 

2.11 “Employee” means an officer or other employee of the Company or any Subsidiary or Affiliate, including a
member of the Board who is such an employee. 
 2.12 “Fair Market Value” means, as of any day, with respect
to the Shares: 
  

	 	(a)	if the Shares are immediately and freely tradable on a stock exchange or in an over-the-counter market, the closing price per Share on the day, or if no trades of Shares were made on such date, the immediately preceding
day on which trades of Shares were made, on the primary market or exchange; or 

  

	 	(b)	in the absence of such a market for the Shares, the fair value per Share as determined in good faith by the Committee and, for the purpose of determining the Option Price or grant price of an Award, or the repurchase or
redemption price of Shares acquired upon exercise of an Option or Stock Appreciation Right, consistent with the principles of Section 409A and Section 422 of the Code. 

2.13 “Good Reason”, unless otherwise specified in the Award Agreement, shall have the meaning set forth below,
except with respect to any Participant who is employed by the Company or one of its Subsidiaries pursuant to an effective written employment agreement, if any, between the Company and/or one of its Subsidiaries and such Participant in which there is
a definition of “Good Reason” (or a similar term), in which event the definition of “Good Reason” (or such similar term) as set forth in such employment agreement shall be deemed to be the definition of “Good Reason”
herein solely for such Participant and only for so long as such employment agreement remains effective. In all other events, the term “Good Reason” shall mean the following: (a) a material diminution of Participant’s base salary,
(b) a material diminution in the Participant’s authority, duties or responsibilities, or (c) the Company or any Subsidiary requiring the Participant to be based at any office or location that is more than fifty (50) miles from
the initial location of the Participant’s employment. 

  
 3 

 2.14 “Incentive Stock Option” means an Option intended to meet the
requirements of an incentive stock option as defined in Section 422 of the Code and designated as an Incentive Stock Option in accordance with Article 6 of this Plan. 

2.15 “Insider” means an Employee, Director or other person whose transactions in Shares are subject to Section 16
of the Securities Exchange Act of 1934, as amended. 
 2.16 “Nonqualified Stock Option” means an
Option that is not an Incentive Stock Option. 
 2.17 “Option” means any Option granted from time to time
under Article 6 of this Plan. 
 2.18 “Option Price” means the purchase price per Share subject to an
Option, as determined pursuant to Section 6.2 of this Plan. 
 2.19 “Other Stock-Based Award”
means any Award granted under Article 9 of this Plan. 
 2.20 “Participant” means any eligible person
as set forth in Section 4.1 to whom an Award is granted. 
 2.21 “Performance Criteria” or
“Performance Criterion” means specified criteria, other than the mere continuation of employment or service or the mere passage of time, the satisfaction of which is a condition for the grant, exercisability, vesting or full
enjoyment of an Award. For purposes of Awards that are intended to qualify for the performance-based compensation exception under Section 162(m), a Performance Criterion will mean an objectively determinable measure of performance relating to
any or any combination of the following (measured either absolutely or by reference to an index or indices and determined either on a consolidated basis or, as the context permits, on a divisional, subsidiary, line of business, project or
geographical basis or in combinations thereof) : net sales; system-wide sales; comparable store sales; revenue; revenue growth or product revenue growth; operating income (before or after taxes); adjusted operating income; adjusted net income;
adjusted earnings per share; channel revenue; channel revenue growth; franchising commitments; manufacturing profit; manufacturing profit margin; store closures; pre- or after-tax income or loss (before or after allocation of corporate overhead and
bonus); earnings or loss per share; net income or loss (before or after taxes); return on equity; total stockholder return; return on assets or net assets; appreciation in and/or maintenance of the price of the shares or any other publicly-traded
securities of the Company; market share; gross profits; earnings or losses (including earnings or losses before taxes, before interest and taxes, or before interest, taxes, depreciation and/or amortization); adjusted earnings or losses (including
adjusted earnings or losses before taxes, before interest and taxes, or before interest, taxes, depreciation and/or amortization); economic value-added models or equivalent metrics; comparisons with various stock market indices; reductions in costs;
cash flow or cash flow per share (before or after dividends); return on capital  

  
 4 

 
(including return on total capital or return on invested capital); cash flow return on investment; improvement in or attainment of expense levels or working capital levels, including cash,
inventory and accounts receivable; operating margin; gross margin; year-end cash; cash margin; debt reduction; stockholders equity; operating efficiencies; customer satisfaction; customer growth; employee satisfaction; supply chain achievements
(including establishing relationships with manufacturers or suppliers of component materials and manufacturers of the Company’s products); points of distribution; gross or net store openings; co-development, co-marketing, profit sharing, joint
venture or other similar arrangements; financial ratios, including those measuring liquidity, activity, profitability or leverage; cost of capital or assets under management; financing and other capital raising transactions (including sales of the
Company’s equity or debt securities, factoring transactions, sales or licenses of the Company’s assets, including its intellectual property, whether in a particular jurisdiction or territory or globally, or through partnering
transactions); implementation, completion or attainment of measurable objectives with respect to research, development, manufacturing, commercialization, products or projects, production volume levels, acquisitions and divestitures; and recruiting
and maintaining personnel. A Performance Criterion and any targets with respect thereto determined by the Committee need not be based upon an increase, a positive or improved result or avoidance of loss. The Committee may establish that one or more
of the Performance Criteria applicable to any Award will be adjusted in an objectively determinable manner to reflect events (for example, the impact of charges for restructurings, discontinued operations, mergers, acquisitions, extraordinary items,
and other unusual or non-recurring items, and the cumulative effects of tax or accounting changes, each as defined by U.S. generally accepted accounting principles) occurring during the performance period that affect the applicable Performance
Criterion or Criteria; provided, however, that such adjustments must be consistent with the requirements of Section 162(m) in the case of Awards that are intended to qualify for the performance-based exception under
Section 162(m). 
 2.22 “Permanent Disability”, unless otherwise specified in the Award Agreement, shall
have the meaning set forth below, except with respect to any Participant who is employed by the Company or one of its Subsidiaries pursuant to an effective written employment agreement, if any, between the Company and/or one of its Subsidiaries and
such Participant in which there is a definition of “Permanent Disability” (or a similar term), in which event the definition of “Permanent Disability” (or such similar term) as set forth in such employment agreement shall be
deemed to be the definition of “Permanent Disability” herein solely for such Participant and only for so long as such employment agreement remains effective. In all other events, the term “Permanent Disability” shall mean: a
determination by independent competent medical authority (selected by the Company) that the Participant is unable to perform his duties and in all reasonable medical likelihood such inability shall continue for a consecutive period of 90 days or for
a period in excess of 120 days in any 365 day period. Notwithstanding the foregoing, however, in the case of any Award that is subject to Section 409A and is payable upon a Participant’s Permanent Disability, the Participant shall be
treated as having a Permanent Disability only if the Participant’s condition also satisfies the definition of “disability” in Treasury Regulation 1.409A-3(i)(4). 

2.23 “Person” means any natural person, sole proprietorship, general partnership, limited partnership, limited
liability company, joint venture, trust, unincorporated organization, association, corporation, governmental authority, or any other organization, irrespective of whether it is a legal entity and includes any successor (by merger or otherwise) of
such entity. 

  
 5 

 2.24 “Restricted Stock” means any Award granted under Article
8 of this Plan. 
 2.25 “Restriction Period” means the period during which Restricted Stock awarded under
Article 8 of this Plan is restricted. 
 2.26 “Section 162(m)” means Section 162(m) of the Code,
together with the regulations thereunder. 
 2.27 “Service” means service as an Employee, Director or
Consultant, provided, however, that the effect of a Participant’s “break in service” on a Participant’s outstanding Awards, if any, shall be determined by the Committee in its sole discretion. 

2.28 “Share” means a share of common stock of the Company, par value $0.01 per share, or such other class or
kind of shares or other securities resulting from the application of Article 11 of this Plan. 
 2.29 “Stock
Appreciation Right” means any right granted under Article 7 of this Plan 
 2.30
“Stockholders” has the meaning set forth in the Stockholders Agreement. 
 2.31 “Stockholders
Agreement” means that certain Stockholders Agreement dated July 27, 2012 entered into by and among the Company and the stockholders listed on the signature pages thereto, as may be amended from time to time. 

2.32 “Subsidiary” with respect to any entity (the “parent”) means any corporation, limited liability
company, partnership, limited partnership, company, firm, association or trust of which such parent, at the time in respect of which such term is used, (i) owns directly or indirectly more than fifty percent (50%) of the equity, membership
interest or beneficial interest, on a consolidated basis, or (ii) owns directly or controls with power to vote, directly or indirectly through one or more Subsidiaries, shares of the equity, membership interest or beneficial interest having the
power to elect more than fifty percent (50%) of the directors, trustees, managers or other officials having powers analogous to that of directors of a corporation. Unless otherwise specifically indicated, when used herein the term Subsidiary
shall refer to a direct or indirect Subsidiary of the Company. 
 2.33 “Ten Percent Shareholder” means a
person who on any given date owns, either directly or indirectly (taking into account the attribution rules contained in Section 424(d) of the Code), stock possessing more than ten percent (10%) of the total combined voting power of all
classes of stock of the Company or a Subsidiary or Affiliate. 
 2.34 “Unrestricted Stock” means an Award of
Shares not subject to restrictions and granted under Article 8 of the Plan. 

  
 6 

	Article 3.	Administration 

 3.1 Authority of the Committee. This Plan shall be administered
by the Committee, which shall have full power to interpret and administer this Plan and full authority to select the Directors, Employees and Consultants to whom Awards will be granted and determine the type and amount of Awards to be granted to
each such Director, Employee or Consultant, and the terms and conditions of such Awards. Without limiting the generality of the foregoing, the Committee may, in its sole discretion, interpret, clarify, construe or resolve any ambiguity in any
provision of this Plan or any Award Agreement, accelerate or waive the vesting of Awards and exercisability of Awards, extend the term or period of exercisability of any Awards, or waive any terms or conditions applicable to any Award, subject to
the limitations set forth in Section 12.2 of this Plan. Awards may, in the discretion of the Committee, be made under this Plan in assumption of, or in substitution for, outstanding awards previously granted by the Company or an
Affiliate or a company acquired by the Company or an Affiliate or with which the Company or an Affiliate combines. The Committee shall have full and exclusive discretionary power to adopt rules, forms, instruments and guidelines for administering
this Plan as the Committee deems necessary or proper. All actions taken and all interpretations and determinations made by the Committee or by the Board (or any other committee or sub-committee thereof), as applicable, shall be final and binding
upon the Participants, the Company and all other interested individuals. 
 3.2 Delegation. The Committee may delegate to one or more
of its members, one or more officers of the Company or any Subsidiary, or one or more agents or advisors such administrative duties or powers as it may deem advisable, consistent with the requirements of applicable law, including, in the case of
Awards intended to qualify as performance-based compensation under Section 162(m), consistent with Section 162(m). To the extent permitted by applicable law, the Committee may, in its discretion, delegate to a committee comprised of one or
more officers of the Company the authority to grant one or more Awards of Options and/or Stock Appreciation Rights or other Awards, to the extent permitted by applicable law, (“Delegated Awards”), without further approval of the
Committee, to any Employee, other than a person who, at the time of such grant, is an Insider or a covered employee (as defined under Section 162(m)), and to exercise such other powers under the Plan as the Committee may determine;
provided, however, that (a) the Committee shall fix the maximum number of Shares subject to Delegated Awards that may be granted by such officers, (b) each such Delegated Award shall be subject to the terms and conditions of
the appropriate standard form of Award Agreement approved by the Committee and shall conform to the provisions of the Plan and (c) each such Delegated Award shall conform to such other limits and guidelines as may established from time to time
by the Committee. 
  

	Article 4.	Eligibility and Participation 

 4.1 Eligibility. Participants will consist of such
Employees, Directors and Consultants as the Committee in its sole discretion determines and whom the Committee may designate from time to time to receive Awards under this Plan; provided, however, that Options and Stock Appreciation
Rights may only be granted to those Employees, Directors and Consultants with respect to whom the Company is an “eligible issuer” within the meaning of Section 409A of the Code. Designation of a Participant in any year shall not
require the Committee to designate such person to receive an Award in any other year or, once designated, to receive the same type or amount of Award as granted to the Participant in any other year. 

  
 7 

 4.2 Type of Awards. Awards under this Plan may be granted in any one or a combination of:
(a) Options; (b) Stock Appreciation Rights; (c) Restricted Stock (and Unrestricted Stock); and (d) Other Stock-Based Awards. Awards granted under this Plan shall be evidenced by Award Agreements (which need not be identical) that
provide additional terms and conditions associated with such Awards, including, without limitation restrictive covenants, as determined by the Committee in its sole discretion; provided, however, that in the event of any conflict
between the provisions of this Plan and any such Award Agreement, the provisions of this Plan shall prevail. Notwithstanding any provision of this Plan to the contrary, awards of an acquired company that are converted, replaced or adjusted in
connection with the acquisition may contain terms and conditions that are inconsistent with the terms and conditions specified herein, as determined by the Committee. 
  

	Article 5.	Shares Subject to this Plan and Maximum Awards 

 5.1 Number of Shares Issuable for
Awards. 
  

	 	(a)	Shares. Subject to adjustment as provided in this Article 5 and Article 11 of the Plan, the maximum number of Shares that may be issued to Participants pursuant to Awards under the Plan shall be
5,470. Up to the total number of shares issuable for Awards to employee Participants may be issued in satisfaction of Incentive Stock Options, but nothing in this Section 5.1(a) will be construed as requiring that any, or any fixed number of
Incentive Stock Options be awarded under the Plan. The Shares issuable under the Plan may consist, in whole or in part, of authorized and unissued Shares or treasury Shares. Any Shares tendered to or withheld by the Company as part or full payment
for the purchase price, Option Price or grant price of an Award or to satisfy all or part of the Company’s tax withholding obligation, in each case with respect to an Option or a share-settled Stock Appreciation Right shall not be available
again for the issuance of additional Awards. For purposes of this Section 5.1(a), the full number of Shares subject to a share-settled Stock Appreciation Right or Option (and not the number of Shares delivered in settlement of such Award) shall
be counted against the number of Shares issuable under the Plan. 

  

	 	(b)	 Additional Shares. In the event that any outstanding Award (or portion of such Award) expires, is forfeited, cancelled or otherwise terminated
without consideration (i.e., Shares or cash) therefor, the Shares subject to such Award (or portion thereof), to the extent of any such forfeiture, cancellation, expiration, termination or settlement, shall again be available for Awards under this
Plan. If an Award is settled in cash (i.e., the Participant receives cash rather than stock) by its terms without any election by Participant, then such Award shall not reduce the maximum number of Shares issuable under this Plan. If the Committee
authorizes 

  
 8 

	 	
the assumption or substitution under this Plan, in connection with any merger, consolidation, acquisition of property or stock, or reorganization, of awards granted under another plan, such
assumption or substitution shall not reduce the maximum number of Shares issuable under this Plan. 

 5.2 Individual
Limits. The following additional per-Participant limits will apply to Awards of the specified type granted, or in the case of Other Stock-Based Awards payable, to any person in any calendar year:  

 

	 	(a)	Options: 957 Shares. 

  

	 	(b)	Stock Appreciation Rights: 957 Shares. 

  

	 	(c)	Restricted Stock: 601 Shares. 

  

	 	(d)	Unrestricted Stock: 601 Shares. 

  

	 	(e)	Other Stock-Based Awards: 601 Shares. 

 In applying the foregoing limits, (i) all Awards
of the specified type granted to the same person in the same calendar year will be aggregated and made subject to one limit; (ii) the limits applicable to Options and Awards of Stock Appreciation Rights refer to the number of Shares subject to
those Awards; and (iii) the Share limit under clauses (c), (d) and (e) refer to the maximum number of Shares that may be delivered under these Awards assuming a maximum payout. The foregoing provisions will be construed in a manner
consistent with Section 162(m), including, without limitation, where applicable, the rules under Section 162(m) pertaining to permissible deferrals of exempt awards. 

If an Option or Stock Appreciation Right is cancelled, the number of Shares subject to the cancelled Option or Stock Appreciation Right shall
continue to be counted against and shall not again become available under the individual per-Participant limits of this Section 5.2; for this purpose, if the Option Price of an Option or the grant price of a Stock Appreciation Right is reduced
after the date of grant, the Option and Stock Appreciation Right will be deemed to have been cancelled and reissued, with the number of Shares covered by both the cancelled and reissued Option and Stock Appreciation Right being counted against the
Shares remaining available under the individual per-Participant limits of this Section 5.2. 
 5.3 Non-Employee Director
Limits. In the case of a Director, an additional limit shall apply such that the maximum grant-date fair value of Awards granted in any fiscal year of the Company during any part of which the Director is then eligible under the Plan shall be
$400,000 computed in accordance with FASB ASC Topic 718 (or any successor provision). The foregoing additional limit related to Directors shall not apply to any Award or Shares granted pursuant to a Director’s election to receive an Award or
Shares in lieu of cash retainers or other fees (to the extent such Award or Shares have a fair value equal to the value of such cash retainers or other fees).  

  
 9 

	Article 6.	Options 

 6.1 Grant of Options. The Committee is hereby authorized to grant
Options to Participants. Each Option shall permit a Participant to purchase from the Company a stated number of Shares at an Option Price established by the Committee, subject to the terms and conditions described in this Article 6 and to
such additional terms and conditions, as established by the Committee, in its sole discretion, that are consistent with the provisions of the Plan. Options shall be designated as either Incentive Stock Options or Nonqualified Stock Options;
provided, that, Options granted to Directors or Consultants shall be Nonqualified Stock Options. An Option granted as an Incentive Stock Option shall, to the extent it fails to qualify under the Code as an Incentive Stock Option, be
treated as a Nonqualified Stock Option. Neither the Committee, the Company, any of its Subsidiaries or Affiliates, nor any of their employees or representatives shall be liable to any Participant or to any other Person if it is determined that an
Option intended to be an Incentive Stock Option does not qualify under the Code as an Incentive Stock Option. Each Option shall be evidenced by an Award Agreement which shall state the number of Shares covered by such Option. Such Award Agreements
shall conform to the requirements of the Plan and may contain such other provisions as the Committee shall deem advisable. 
 6.2 Option
Price. The Option Price shall be determined by the Committee at the time of grant, but shall not be less than one hundred percent of the Fair Market Value of a Share on the date of grant; provided, however, an Option may be granted
with an exercise price lower than such minimum exercise price if granted pursuant to an assumption or substitution of another option in a manner that would qualify under Section 409A or Section 424(a) of the Code. In the case of any
Incentive Stock Option granted to a Ten Percent Shareholder, the Option Price shall not be less than one hundred ten percent of the Fair Market Value of a Share on the date of grant. Except as contemplated by Article 11, the terms of outstanding
Options may not be amended to reduce the Option Price of such Option other than in accordance with the stockholder approval requirements of the New York Stock Exchange. 

6.3 Option Term. The term of each Option shall be determined by the Committee at the time of grant and shall be stated in the Award
Agreement, but in no event shall such term be greater than ten years (or, in the case of an Incentive Stock Option granted to a Ten Percent Shareholder, five years). 

6.4 Time of Exercise. Options granted under this Article 6 shall be exercisable at such times and be subject to such
restrictions and conditions as the Committee shall in each instance approve as set forth in each Award Agreement, which terms and restrictions need not be the same for each grant or for each Participant. 

6.5 Method of Exercise. Except as otherwise provided in the Plan or in an Award Agreement, an Option may be exercised for all, or from
time to time any part, of the Shares for which it is then exercisable. For purposes of this Article 6, the exercise date of an Option shall be the later of the date a notice of exercise is received by the Company and, if applicable, the date
full payment is received by the Company pursuant to clauses (a), (b), (c), (d), or (e) of the following sentence (including the applicable tax withholding pursuant to Section 14.3 of the Plan). The aggregate Option Price for the
Shares as to which an Option is exercised shall be paid to the Company in full at the time of exercise at the election of the Participant: (a) in cash or its equivalent (e.g., by cashier’s check); (b) to the extent permitted by the
Committee, in Shares 

  
 10 

 
(whether or not previously owned by the Participant) that are unrestricted and nonforfeitable having a Fair Market Value equal to the aggregate Option Price for the Shares being purchased and
satisfying such other requirements as may be imposed by the Committee; (c) partly in cash and, to the extent permitted by the Committee, partly in such Shares (as described in (b) above); (d) to the extent permitted by the Committee,
by reducing the number of Shares otherwise deliverable upon the exercise of the Option by the number of Shares having a Fair Market Value equal to the aggregate Option Price; or (e) if there is a public market for the Shares at such time,
subject to such requirements as may be imposed by the Committee, through the delivery of irrevocable instructions to a broker to sell Shares obtained upon the exercise of the Option and to deliver promptly to the Company an amount out of the
proceeds of such sale equal to the aggregate Option Price for the Shares being purchased. The Committee may prescribe any other method of payment that it determines to be consistent with applicable law and the purpose of the Plan. 

6.6 Limitations on Incentive Stock Options. Incentive Stock Options may be granted only to employees of the Company or of a
“parent corporation” or “subsidiary corporation” (as such terms are defined in Section 424 of the Code) at the date of grant. The aggregate Fair Market Value (generally determined as of the time the Option is granted) of the
Shares with respect to which Incentive Stock Options are exercisable for the first time by a Participant during any calendar year under all plans of the Company and of any “parent corporation” or “subsidiary corporation” shall
not exceed one hundred thousand dollars, or the Option shall be treated as a Nonqualified Stock Option, but only to the extent of that portion of the Option in excess of the limit. For purposes of the preceding sentence, unless otherwise designated
by the Company, Incentive Stock Options will be taken into account in the order in which they are granted. Each provision of the Plan and each Award Agreement relating to an Incentive Stock Option shall be construed so that each Incentive Stock
Option shall be an incentive stock option as defined in Section 422 of the Code, and any provisions of the Award Agreement thereof that cannot be so construed shall be disregarded. 

 

	Article 7.	Stock Appreciation Rights 

 7.1 Grant of Stock Appreciation Rights. The Committee
is hereby authorized to grant Stock Appreciation Rights to Participants. Stock Appreciation Rights shall be evidenced by Award Agreements that shall conform to the requirements of the Plan and may contain such other provisions as the Committee shall
deem advisable. Subject to the terms of the Plan and any applicable Award Agreement, a Stock Appreciation Right granted under the Plan shall confer on the holder thereof a right to receive, upon exercise thereof, the excess of: (a) the Fair
Market Value of a Share on the date of exercise over (b) the grant price of the right as specified by the Committee on the date of the grant. Such payment may be in the form of cash, Shares, other property or any combination thereof, as the
Committee shall determine in its sole discretion. Except as contemplated by Article 11, the terms of outstanding Stock Appreciation Rights may not be amended to reduce the grant price of the right from which appreciation under such Stock
Appreciation Rights are to be measured other than in accordance with the stockholder approval requirements of the New York Stock Exchange. 

7.2 Terms of Stock Appreciation Right. Each Stock Appreciation Right grant shall be evidenced by an Award Agreement which shall state
the grant price (which shall not be less 

  
 11 

 than one hundred percent of the Fair Market Value of a Share on the date of grant), term, methods of exercise,
methods of settlement, and such other provisions as the Committee shall determine. No Stock Appreciation Right shall have a term of more than ten years from the date of grant. 

 

	Article 8.	Restricted Stock 

 8.1 Grant of Restricted Stock. The Committee is hereby
authorized to grant Restricted Stock to Participants. An Award of Restricted Stock is a grant by the Committee of a specified number of Shares to the Participant, which Shares are subject to forfeiture upon the occurrence of specified events.
Participants shall be awarded Restricted Stock in exchange for consideration not less than the minimum consideration required by applicable law. Restricted Stock shall be evidenced by an Award Agreement, which shall conform to the requirements of
the Plan and may contain such other provisions as the Committee shall deem advisable. 
 8.2 Terms of Restricted Stock Awards. Each
Award Agreement evidencing a Restricted Stock grant shall specify the Restriction Period(s), the number of Shares of Restricted Stock subject to the Award, the purchase price, if any, of the Restricted Stock, the performance, employment, or other
conditions (including the termination of a Participant’s Service whether due to death, disability or other reason) under which the Restricted Stock may be forfeited to the Company and such other provisions as the Committee shall determine. Any
Restricted Stock granted under the Plan shall be evidenced in such manner as the Committee may deem appropriate, including book-entry registration or issuance of a stock certificate or certificates (in which case, the certificate(s) representing
such Shares shall be legended as to sale, transfer, assignment, pledge or other encumbrances during the Restriction Period and deposited by the Participant, together with a stock power endorsed in blank, with the Company, to be held in escrow during
the Restriction Period). At the end of the Restriction Period, the restrictions imposed hereunder and under the Award Agreement shall lapse with respect to the number of Shares of Restricted Stock as determined by the Committee, and, except as
provided in Section 14.6, the legend required by this Section 8.2 shall be removed and such number of Shares delivered to the Participant (or, where appropriate, the Participant’s legal representative). 

8.3 Voting and Dividend Rights. The Committee shall determine and set forth in a Participant’s Award Agreement whether or not a
Participant holding Restricted Stock granted hereunder shall have the right to exercise voting rights with respect to the Restricted Stock during the Restriction Period (the Committee may require a Participant to grant an irrevocable proxy and power
of substitution) and/or have the right to receive dividends on the Restricted Stock during the Restriction Period (and, if so, on what terms). 

8.4 Performance Goals. The Committee may condition the grant of Restricted Stock or the expiration of the Restriction Period upon the
Participant’s achievement of one or more performance goal(s) or Performance Criterion or Criteria specified in the Award Agreement. If the Participant fails to achieve the specified performance goal(s) or Performance Criterion or Criteria, the
Committee shall not grant the Restricted Stock to such Participant or the Participant shall forfeit the Award of Restricted Stock to the Company, as applicable. 

  
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 8.5 Unrestricted Stock. The Committee is hereby authorized to grant Unrestricted Stock to
Participants. An Award of Unrestricted Stock is a grant by the Committee of a specified number of Shares, which Shares are not subject to forfeiture upon the occurrence of specified events. Participants shall be awarded Unrestricted Stock in
exchange for consideration not less than the minimum consideration required by applicable law. Unrestricted Stock shall be evidenced by an Award Agreement, which shall conform to the provisions of the Plan and may contain such other provisions as
the Committee shall deem advisable. Any Unrestricted Stock granted under the Plan shall be evidenced in such manner as the Committee may deem appropriate. 
  

	Article 9.	Other Stock-Based Awards 

 The Committee, in its sole discretion, may grant Awards of
Shares and Awards that are valued, in whole or in part, by reference to, or are otherwise based on the Fair Market Value of, Shares, including without limitation, restricted stock units, dividend equivalent rights, and other phantom awards. Such
Other Stock-Based Awards shall be in such form, and dependent on such conditions, as the Committee shall determine, including, without limitation, the right to receive one or more Shares (or the equivalent cash value of such Shares) upon the
completion of a specified period of Service, the occurrence of an event, and/or the attainment of performance objectives or Performance Criterion or Criteria. Subject to the provisions of the Plan, the Committee shall determine to whom and when
Other Stock-Based Awards will be made, the number of Shares to be awarded under (or otherwise related to) such Other Stock-Based Awards, whether such Other Stock-Based Awards shall be settled in cash, Shares or a combination of cash and Shares, and
all other terms and conditions of such Awards (including, without limitation, the vesting provisions thereof and provisions ensuring that all Shares so awarded and issued shall be fully paid and non-assessable). Each Other Stock-Based Award grant
shall be evidenced by an Award Agreement, which shall conform to the requirements of the Plan and may contain such other provisions as the Committee shall deem advisable. 
  

	Article 10.	Compliance with Sections 409A and 162(m) of the Code 

 10.1 General. The Company
intends that the Plan and all Awards be construed to avoid the imposition of additional taxes, interest, and penalties pursuant to Section 409A of the Code (together with all regulations, guidance, compliance programs, and other interpretative
authority thereunder, “Section 409A”). Notwithstanding the Company’s intention, in the event any Award is subject to such additional taxes, interest or penalties pursuant to Section 409A, the Committee may, in its sole
discretion and without a Participant’s prior consent, amend the Plan and/or Awards, adopt policies and procedures, or take any other actions (including amendments, policies, procedures and actions with retroactive effect) as are necessary or
appropriate to (a) exempt the Plan and/or any Award from the application of Section 409A, (b) preserve the intended tax treatment of any such Award, or (c) comply with the requirements of Section 409A, including without
limitation any such regulations, guidance, compliance programs, and other interpretative authority that may be issued after the date of the grant. In no event shall the Company or any of its Subsidiaries or Affiliates be liable for any additional
tax, interest or penalties that may be imposed on a Participant under Section 409A or any damages for failing to comply with Section 409A. 

  
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 10.2 Payments to Specified Employees. Notwithstanding any contrary provision in the Plan
or Award Agreement, any payment(s) of nonqualified deferred compensation (within the meaning of Section 409A) that are otherwise required to be made under the Plan to a “specified employee” (as defined under Section 409A) as a
result of his or her separation from service (other than a payment that is not subject to Section 409A) shall be delayed for the first six months following such separation from service (or, if earlier, until the date of death of the specified
employee) and shall instead be paid (in a manner set forth in the Award Agreement) on the day that immediately follows the end of such six-month period or as soon as administratively practicable thereafter. Any remaining payments of nonqualified
deferred compensation shall be paid without delay and at the time or times such payments are otherwise scheduled to be made. 
 10.3
Separation from Service. A termination of Service shall not be deemed to have occurred for purposes of any provision of the Plan or any Award Agreement providing for the payment of any amounts or benefits that are considered nonqualified
deferred compensation under Section 409A upon or following a termination of Service, unless such termination is also a “separation from service” within the meaning of Section 409A (after giving effect to the presumptions
contained therein) and the payment thereof prior to a “separation from service” would violate Section 409A. For purposes of any such provision of the Plan or any Award Agreement relating to any such payments or benefits, references to
a “termination,” “termination of employment,” “termination of service,” or like terms shall mean “separation from service.” 

10.4 Section 162(m). In the case of any Award (other than an Option or an Award of Stock Appreciation Rights) intended to qualify
for the performance-based compensation exception under Section 162(m), the Committee will establish the applicable Performance Criterion or Criteria in writing no later than ninety (90) days after the commencement of the period of service
to which the performance relates at a time when it is substantially uncertain whether or not the Performance Criterion or Criteria will be achieved (or at such earlier time as is required to qualify the Award as performance-based under
Section 162(m)) and, prior to the event or occurrence (grant, vesting or payment, as the case may be) that is conditioned on the attainment of such Performance Criterion or Criteria, will certify whether it or they have been attained in a
manner that complies with Section 162(m). The preceding sentence will not apply to an Award eligible (as determined by the Committee) for exemption from the limitations of Section 162(m) by reason of the post-initial public offering
transition relief in Section 1.162-27(f) of the Treasury Regulations. In any case where an award is made under another plan or program of the Company or its Affiliates and such award is intended to qualify for the performance-based compensation
exception under Section 162(m), and such award is settled by the delivery of Stock or another Award under the Plan, the applicable limitations relating to Section 162(m) under both the other plan or program and under the Plan will be
applied to the Plan as necessary (as determined by the Committee) to preserve the availability of the Section 162(m) performance-based compensation exception with respect thereto. 

 

	Article 11.	Adjustments 

 11.1 Adjustments in Authorized Shares. In the event of any corporate
event or transaction involving the Company, a Subsidiary and/or an Affiliate (including, but not limited to, a change in the Shares of the Company or the capitalization of the Company) such as a merger, consolidation, reorganization,
recapitalization, separation, stock dividend, stock split, 

  
 14 

 
reverse stock split, split up, spin-off, combination of Shares, exchange of Shares, dividend in kind, extraordinary cash dividend, amalgamation, or other like change in capital structure (other
than normal cash dividends to stockholders of the Company), or any similar corporate event or transaction, the Committee, to prevent dilution or enlargement of Participants’ rights under the Plan, shall substitute or adjust, in its sole
discretion, the number and kind of Shares or other property that may be issued under the Plan or under particular forms of Awards in the aggregate or to individual Participants, the number and kind of Shares or other property subject to outstanding
Awards, the individual limits contained in Section 5.2, the Option Price, grant price or purchase price applicable to outstanding Awards and/or other value determinations (including Performance Criteria) applicable to the Plan or outstanding
Awards. All adjustments shall be made in good faith compliance with Section 409A. For the avoidance of doubt, the purchase of Shares or other equity securities of the Company by a stockholder of the Company or any third party from the Company
shall not constitute a corporate event or transaction giving rise to an adjustment described in this Section 11.1. References in the Plan to Shares will be construed to include any stock or securities resulting from an adjustment
pursuant to this Article 11. 
 11.2 Change of Control. Upon the occurrence of a Change of Control after the Effective Date, unless
otherwise specifically prohibited under applicable laws or by the rules and regulations of any governing governmental agencies or national securities exchanges, or unless the Committee shall specify otherwise in the Award Agreement, the Committee is
authorized (but not obligated) to make adjustments in the terms and conditions of outstanding Awards, including without limitation the following (or any combination thereof): (a) continuation or assumption of such outstanding Awards under the
Plan by the Company (if it is the surviving company or corporation) or by the surviving company or corporation or its parent; (b) substitution by the surviving company or corporation or its parent of equity, equity-based and/or cash awards with
substantially the same terms for outstanding Awards (excluding the consideration payable upon settlement of the Awards); (c) accelerated exercisability, vesting and/or lapse of restrictions under outstanding Awards immediately prior to the
occurrence of such event; (d) upon written notice, provide that any outstanding Awards must be exercised, to the extent then exercisable, during a reasonable period of time immediately prior to the scheduled consummation of the event or such
other period as determined by the Committee (contingent upon the consummation of the event), and at the end of such period, such Awards shall terminate to the extent not so exercised within the relevant period; (e) cancellation of all or any
portion of outstanding Awards for fair value (in the form of cash, Shares, other property or any combination thereof) as determined in the sole discretion of the Committee and which value may be zero, provided, that, in the case of
Options and Stock Appreciation Rights or similar Awards, the fair value may equal the excess, if any, of the value of the consideration to be paid in the Change of Control transaction to holders of the same number of Shares subject to such Awards
(or, if no such consideration is paid, Fair Market Value of the Shares subject to such outstanding Awards or portion thereof being canceled) over the aggregate Option Price or grant price, as applicable, with respect to such Awards or portion
thereof being canceled, or if no such excess, zero; and (f) cancellation of all or any portion of outstanding unvested and/or unexercisable Awards for no consideration. 

  
 15 

	Article 12.	Duration; Amendment, Modification, Suspension and Termination 

 12.1 Duration of
Plan. Unless sooner terminated as provided in Section 12.2, this Plan shall terminate on the tenth (10th) anniversary of the Effective Date. 

12.2 Amendment, Modification, Suspension and Termination of Plan. Subject to the terms of the Plan, the Committee may amend, alter,
suspend, discontinue or terminate this Plan or any portion thereof or any Award (or Award Agreement) hereunder at any time, in its sole discretion, provided, that, no action taken by the Committee shall adversely affect in any material
respect the rights granted to any Participant under any outstanding Awards (other than pursuant to Article 10, Article 11, or as the Committee deems necessary to comply with applicable law, including without limitation, the Dodd-Frank
Wall Street Reform and Consumer Protection Act) without the Participant’s written consent. Notwithstanding the foregoing, no amendment requiring shareholder approval under Section 162(m) or Section 422 shall be made without obtaining
requisite shareholder approval under said provisions. 
  

	Article 13.	Forfeiture of Awards Upon Termination of Service 

 13.1 Termination of Service for
Cause. Unless otherwise provided in an Award Agreement, in the event (a) a Participant’s Service is terminated for Cause, or (b) the Committee determines that a Participant’s acts or omissions constitute Cause, all
outstanding Awards held by the Participant shall terminate and be forfeited without consideration, effective on the date the Participant’s Service is terminated for Cause or the date the act or omission constituting Cause is determined to have
occurred, as applicable. 
 13.2 Termination of Service Due to Death or Permanent Disability. Unless otherwise provided in an Award
Agreement, in the event a Participant’s Service is terminated due to death or Permanent Disability (and Cause does not exist as of such date): (a) all unvested Awards held by the Participant shall terminate and be forfeited without
consideration, effective as of the date the Participant’s Service is terminated and (b) all vested Options and Stock Appreciation Rights may be exercised by the Participant or, as applicable, the Participant’s beneficiary or estate
and shall terminate on the earlier of (i) ninety (90) days following the termination of Service and (ii) the expiration of the term of such Awards. 

13.3 Termination of Service for Reason Other than Cause or Death or Permanent Disability. Unless otherwise provided in an Award
Agreement, in the event a Participant’s Service is terminated for any reason other than pursuant to Section 13.1 or Section 13.2 above (and Cause does not exist as of such date): (a) all unvested Awards held by the
Participant shall terminate and be forfeited without consideration, effective as of the date the Participant’s Service is terminated and (b) all vested Options and Stock Appreciation Rights shall terminate on the earlier of (i) sixty
(60) days following the termination of Service and (ii) the expiration of the term of such Awards. 

  
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	Article 14.	General Provisions 

 14.1 No Right to Service or Award. The granting of an Award
under the Plan shall impose no obligation on the Company, any Subsidiary or any Affiliate to continue the Service of a Participant and shall not lessen or affect any right that the Company, any Subsidiary or any Affiliate may have to terminate the
Service of such Participant. No Participant or other Person shall have any claim to be granted any Award, and there is no obligation for uniformity of treatment of Participants, or holders or beneficiaries of Awards. The terms and conditions of
Awards and the Committee’s determinations and interpretations with respect thereto need not be the same with respect to each Participant (whether or not such Participants are similarly situated). The loss of existing or potential profit in an
Award will not constitute an element of damages in the event of the termination of a Participant’s employment or service for any reason, even if the termination is in violation of an obligation of the Company or any Affiliate to the
Participant. 
 14.2 Settlement of Awards. Each Award Agreement shall establish the form in which the Award shall be settled, which
may be in cash, Shares, other property or a combination thereof. The Committee shall determine whether cash, Awards, other securities or other property shall be issued or paid in lieu of fractional Shares or whether such fractional Shares or any
rights thereto shall be issued, rounded, forfeited, or otherwise eliminated. 
 14.3 Tax Withholding. The Company shall have the
power and the right to deduct or withhold automatically from any amount deliverable under the Award or otherwise, or require a Participant to remit to the Company such amount as may be required by law or regulation, including federal, state and
local taxes, domestic or foreign laws or regulations, to be withheld with respect to any taxable event arising as a result of the Plan. The Committee, in its sole discretion, may permit Participants to satisfy the withholding requirement, in whole
or in part, by having the Company withhold Shares having a Fair Market Value equal to the minimum statutory total tax that could be imposed in connection with any such taxable event. 

14.4 Additional Restrictions. The Committee may cancel, rescind, withhold or otherwise limit or restrict any Award at any time if the
Participant is not in compliance with all applicable provisions of the Award Agreement and the Plan, or if the Participant breaches any agreement with the Company or its Affiliates with respect to non-competition, non-solicitation or
confidentiality. Without limiting the generality of the foregoing, the Committee may recover Awards made under the Plan and payments under or gain in respect of any Award in accordance with any applicable Company clawback or recoupment policy, as
such policy may be amended and in effect from time to time, or as otherwise required by law or applicable stock exchange listing standards, including, without limitation, Section 10D of the Securities Exchange Act of 1934, as amended. 

14.5 No Guarantees Regarding Tax Treatment. Participants (or their beneficiaries) shall be responsible for all taxes with respect to
any Awards under the Plan. The Committee and the Company make no guarantees to any Person regarding the tax treatment of Awards or payments made under the Plan. Neither the Committee nor the Company has any obligation to take any action to prevent
the assessment of any tax on any Person with respect to any Award under Section 409A of the Code, Section 457A of the Code, Section 4999 of the Code or otherwise and none of the Company, any of its Subsidiaries or Affiliates, or any
of their employees or representatives shall have any liability to a Participant with respect thereto. 

  
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 14.6 Non-Transferability of Awards. Unless otherwise determined by the Committee, an Award
shall not be transferable or assignable by the Participant except in the event of his or her death (subject to the applicable laws of descent and distribution) and any such purported assignment, alienation, pledge, attachment, sale, transfer or
encumbrance shall be void and unenforceable against the Company or any Affiliate. No transfer shall be permitted for value or consideration. An Award exercisable after the death of a Participant may be exercised by the heirs, legatees, personal
representatives or distributees of the Participant. Any permitted transfer of the Awards to heirs, legatees, personal representatives or distributees of the Participant shall not be effective to bind the Company unless the Committee shall have been
furnished with written notice thereof and a copy of such evidence as the Committee may deem necessary to establish the validity of the transfer and the acceptance by the transferee or transferees of the terms and conditions hereof. 

14.7 Stockholders Agreement; Conditions and Restrictions on Shares. Shares received in connection with Awards granted hereunder prior
to an IPO (as defined in the Stockholders Agreement), or as otherwise specifically required by the Committee, shall be subject to all of the terms and conditions of the Stockholders Agreement, including all transfer restrictions, repurchase rights
and “take along” rights set forth therein. As a condition to receiving, exercising or settling an Award, if not already fully bound by the terms set forth in the Stockholders Agreement, each Participant shall sign a joinder agreement
pursuant to which such Participant shall become fully bound by the terms set forth in the Stockholders Agreement, to the extent then applicable. The Committee may impose such other conditions or restrictions on any Shares received in connection with
an Award as it may deem advisable or desirable. These restrictions may include, but shall not be limited to, requirements that the Participant: (a) hold the Shares received for a specified period of time or (b) represent and warrant in
writing that the Participant is acquiring the Shares for investment and without any present intention to sell or distribute such Shares. The certificates for Shares may include any legend which the Committee deems appropriate to reflect any
conditions and restrictions applicable to such Shares. 
 14.8 Shares Not Registered. Shares and Awards shall not be issued under
this Plan unless the issuance and delivery of such Shares and any Awards comply with (or are exempt from) all applicable requirements of law, including, without limitation, the Securities Act of 1933, as amended, the rules and regulations
promulgated thereunder, state securities laws and regulations, and the regulations of any stock exchange or other securities market on which the Company’s securities may then be traded. The Company shall not be obligated to file any
registration statement under any applicable securities laws to permit the purchase or issuance of any Shares or any Awards under this Plan, and accordingly any certificates for Shares or documents granting Awards may have an appropriate legend or
statement of applicable restrictions endorsed thereon. If the Company deems it necessary to ensure that the issuance of securities under this Plan is not required to be registered under any applicable securities laws, each Participant to whom such
security would be purchased or issued shall deliver to the Company an agreement or certificate containing such representations, warranties and covenants as the Company reasonably requires. 

14.9 Awards to Non-U.S. Employees or Directors. To comply with the laws in countries other than the United States in which the Company
or any Subsidiary or Affiliate 

  
 18 

 
operates or has Employees, Directors or Consultants, the Committee, in its sole discretion, shall have the power and authority to: (a) determine which Subsidiaries or Affiliates shall be
covered by the Plan; (b) determine which Employees, Directors or Consultants outside the United States are eligible to participate in the Plan; (c) modify the terms and conditions of any Award granted to Employees, Directors or Consultants
outside the United States to comply with applicable foreign laws; (d) take any action, before or after an Award is made, that it deems advisable to obtain approval or comply with any necessary local government regulatory exemptions or
approvals; and (e) establish sub-plans and modify exercise procedures and other terms and procedures, to the extent such actions may be necessary or advisable. 

14.10 Rights as a Stockholder. Except as otherwise provided herein or in the applicable Award Agreement, a Participant shall have none
of the rights of a stockholder with respect to Shares covered by any Award until the Participant becomes the record holder of such Shares. 

14.11 Severability. If any provision of the Plan or any Award is or becomes or is deemed to be invalid, illegal, or unenforceable in
any jurisdiction, or as to any Person or Award, or would disqualify the Plan or any Award under any law deemed applicable by the Committee, such provision shall be construed or deemed amended to conform to applicable laws, or if it cannot be so
construed or deemed amended without, in the determination of the Committee, materially altering the intent of the Plan or the Award, such provision shall be stricken as to such jurisdiction, Person, or Award, and the remainder of the Plan and any
such Award shall remain in full force and effect. 
 14.12 Unfunded Plan. Participants shall have no right, title, or interest
whatsoever in or to any investments that the Company or any of its Subsidiaries or Affiliates may make to aid it in meeting its obligations under the Plan. Nothing contained in the Plan, and no action taken pursuant to its provisions, shall create
or be construed to create a trust of any kind, or a fiduciary relationship between the Company and any Participant, beneficiary, legal representative, or any other Person. To the extent that any Person acquires a right to receive payments from the
Company under the Plan, such right shall be no greater than the right of an unsecured general creditor of the Company. All payments to be made hereunder shall be paid from the general funds of the Company and no special or separate fund shall be
established and no segregation of assets shall be made to assure payment of such amounts. The Plan is not subject to the U.S. Employee Retirement Income Security Act of 1974, as amended from time to time. 

14.13 No Constraint on Corporate Action. Nothing in the Plan shall be construed to: (a) limit, impair, or otherwise affect the
Company’s right or power to make adjustments, reclassifications, reorganizations, or changes of its capital or business structure, or to merge or consolidate, or dissolve, liquidate, sell, or transfer all or any part of its business or assets;
or (b) limit the right or power of the Company to take any action which such entity deems to be necessary or appropriate. 
 14.14
Successors. All obligations of the Company under the Plan with respect to Awards granted hereunder shall be binding on any successor to the Company, whether the existence of such successor is the result of a direct or indirect purchase, merger,
consolidation, or otherwise, of all or substantially all of the business or assets of the Company. 

  
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 14.15 Waiver of Jury Trial. By accepting an Award under this Plan, each Participant waives
any right to a trial by jury in any action, proceeding or counterclaim concerning any rights under the Plan and any Award, or under any amendment, waiver, consent, instrument, document or other agreement delivered or which in the future may be
delivered in connection therewith, and agrees that any such action, proceedings or counterclaim will be tried before a court and not before a jury. By accepting an Award under the Plan, each Participant certifies that no officer, representative, or
attorney of the Company has represented, expressly or otherwise, that the Company would not, in the event of any action, proceeding or counterclaim, seek to enforce the foregoing waivers. Notwithstanding anything to the contrary in the Plan, nothing
herein is to be construed as limiting the ability of the Company and a Participant to agree to submit disputes arising under the terms of the Plan or any Award made hereunder to binding arbitration or as limiting the ability of the Company to
require any eligible individual to agree to submit such disputes to binding arbitration as a condition of receiving an Award hereunder. For the avoidance of doubt, each party hereunder shall bear its own legal costs in connection with any such
action, proceeding, counterclaim or dispute, whether tried before a court or as submit to binding arbitration as set forth herein. 

14.16 Governing Law. This Plan and each Award Agreement and all claims or causes of action or other matters (whether in contract, tort
or otherwise) that may be based upon, arise out of or relate to this Plan or any Award Agreement or the negotiation, execution or performance of this Plan or any Award Agreement shall be governed by and construed in accordance with the laws of the
State of Delaware, excluding any conflict or choice of law rule or principle that might otherwise refer construction or interpretation of this Plan to the substantive law of another jurisdiction. 

14.17 Jurisdiction. By accepting an Award, each Participant will be deemed to (a) have submitted irrevocably and unconditionally
to the jurisdiction of the federal and state courts located within the geographic boundaries of the United States District Court for the Southern District of New York for the purpose of any suit, action or other proceeding arising out of or based
upon the Plan or any Award; (b) agree not to commence any suit, action or other proceeding arising out of or based upon the Plan or an Award, except in the federal and state courts located within the geographic boundaries of the United States
District Court for the Southern District of New York; and (c) waive, and agree not to assert, by way of motion as a defense or otherwise, in any such suit, action or proceeding, any claim that it is not subject personally to the jurisdiction of
the above-named courts that its property is exempt or immune from attachment or execution, that the suit, action or proceeding is brought in an inconvenient forum, that the venue of the suit, action or proceeding is improper or that the Plan or an
Award or the subject matter thereof may not be enforced in or by such court. 

*            *           
 * 

  
 20

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