Document:

EX-10.5

 EXHIBIT 10.5 

EXECUTIVE EMPLOYMENT AGREEMENT 

As Amended and Restated 

THIS EXECUTIVE EMPLOYMENT AGREEMENT (the “Agreement”) is made and entered into as of the 16th day of November, 2016,
by and between MAINSTREET BANK, a Virginia chartered bank (the “Bank”), and THOMAS J. CHMELIK (the “Executive”). This Agreement collectively refers to the Bank and the Executive as the
“Parties,” and separately may refer to either one of them as a “Party.” 
 RECITALS 

R-1. The Bank is engaged in the operation of a bank with headquarters in Fairfax, Virginia,
serving the Washington D. C. Metropolitan area. 
 R-2. The Executive has been involved in
the formation and management of the Bank and previously was involved in the management of the business and affairs of an entity similar to the Bank, and, therefore, possesses managerial experience, knowledge, skills and expertise in such type of
business. 
 R-3. The continued employment of the Executive by the Bank is in the best
interests of the Bank and the Executive. 
 R-4. The Parties have mutually agreed upon the
terms and conditions of the Executive’s continued employment by the Bank as hereinafter set forth in this Agreement as an amendment and restatement of the prior Executive Employment Agreement dated as of January 15, 2010, as amended
(“the “Prior Agreement”). 
 TERMS OF AGREEMENT 

NOW, THEREFORE, for and in consideration of this Agreement’s Recitals, the mutual promises and undertakings of the Parties as
hereinafter set forth, and other good and valuable consideration which the Parties hereby agree is sufficient, the Parties covenant and agree as follows: 

Section 1. Employment. 

(a) The Executive shall be employed as the Executive Vice President and Chief Financial Officer of the Bank. The Executive shall report
to the Chief Executive Officer of the Bank and shall be managed by the Chief Executive Officer consistent with the terms of this Agreement. The Executive’s duties, responsibilities and authority as Executive Vice President and Chief Financial
Officer of the Bank shall be commensurate with those normally undertaken by executive vice presidents and chief financial officers of banks similar to the Bank in nature and size at the time the Executive exercises such duties, responsibilities or
authority. Additionally, in exercising his duties, the Executive shall have such authority and discretion to make decisions binding upon the Bank as are reasonable and consistent with the good faith discharge of duties set forth in this Agreement
and the policies established by the Board of Directors from time to time. The Bank shall cover as an insured person the Executive for all applicable director and officer liability insurance provided to other similarly situated executives of the
Bank. 

 (b) References in this Agreement to services rendered for the Bank and compensation
and benefits payable or provided by the Bank shall include services rendered for and compensation and benefits payable or provided by any Affiliate. References in this Agreement to the “Bank” also shall mean and refer to each
Affiliate for which the Executive performs services. References in this Agreement to an “Affiliate” shall mean any business entity that, directly or indirectly, through one or more intermediaries, controls, or is controlled by the
Bank. 
 (c) The relationship between the Bank and the Executive shall be that of an employer and an employee. The Board of Directors
shall have the sole authority to set and establish terms, conditions and standards applicable to the Executive subject to the terms and conditions of this Agreement. The Executive shall be nominated and endorsed by the Bank’s Board of Directors
to serve as a member of the Bank’s Board of Directors. 
 (d) Executive shall perform his duties at the Bank’s offices in
Fairfax County, Virginia. The Executive shall travel for business reasons from time to time as is reasonably necessary for the performance of his duties hereunder. 

Section 2. Term. The Initial Term of this Agreement shall commence on November 16,
2016, (the “Effective Date”), and shall continue until December 31, 2018, unless sooner terminated under the terms of this Agreement (the “Initial Term”). The first renewal term of this Agreement shall commence
on January 1, 2018, and shall end on December 31, 2019, unless earlier terminated as provided herein. This Agreement will automatically renew for successive two year terms unless either party notifies the other in writing at least three
(3) months prior to the end of the Initial Term, or at least three (3) months prior to the end of any additional two-year renewal term, that the Agreement shall not be extended beyond its current
term, or unless sooner terminated under the terms of this Agreement. The term of this Agreement, including any renewal term, is referred to as the “Term.” 

Section 3. Exclusive Service. The Executive shall devote his best efforts and full time to
rendering services on behalf of the Bank in furtherance of its best interests, except for any period or periods of time during which the Executive’s ability to discharge any of such duties and responsibilities and devote such time and attention
are impaired as a result of a mental or physical disability of his, or he is on vacation, holiday or other leave, or as otherwise agreed by the Board of Directors. The Executive shall comply with all written policies, standards and regulations of
the Bank now or hereafter promulgated and communicated to the Executive, and shall perform his duties under this Agreement to the best of his abilities and in accordance with standards of conduct generally applicable to executive officers of
similarly situated banks. The obligations of this Section 3 shall not be construed to mean that the Executive shall not be a director of any other corporation, or be associated in any way whatsoever with any educational,
charitable, civic, social, recreational, youth, sports or other organization or endeavor; provided, however, during the time of his employment under this Agreement, the Executive shall not (1) serve as an officer or director of any other entity
or corporation without the express and prior approval of the Board of Directors after full disclosure by the Executive, which approval may be withheld in the Board of Director’s absolute discretion, or (2) be employed by any organization
other than the Bank or a subsidiary or Affiliate of the Bank. 

  
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 Section 4. Salary and Other Compensation. 

(a) Base Salary. As compensation while employed hereunder, the Executive, during his faithful performance of this
Agreement, in whatever capacity rendered, shall receive an initial annual base salary of $262,522 (the “Base Salary”). Effective January 1, 2017, such Base Salary shall be increased to $275,648. Such Base Salary shall be
reviewed annually by the Board of Directors, to ascertain whether such Base Salary should be increased based on the performance of and contributions made by the Executive during the preceding year, the performance of the Bank during the preceding
year, the compensation being paid to other senior executives at the Bank, inflation, and other factors deemed appropriate. 
 (b)
Incentive Compensation. 
 (1) As additional compensation, the Executive shall be eligible to receive from the Bank either
(i) an annual cash bonus in an amount, if any, determined by the Board of Directors in its discretion or (ii) an annual performance-based incentive bonus earned under the MainStreet Bank Executive Incentive Plan (or any successor plan).

 (2) Clawback. Executive agrees that any incentive compensation (as determined by the Bank) that Executive receives from the Bank
or any Affiliate pursuant to this Agreement or otherwise is subject to repayment to (i.e., clawback by) the Bank or any Affiliate as required by federal law and on such basis as the Bank determines. Except where offset of, or recoupment from,
compensation covered by Code Section 409A (as defined in Section 21) is prohibited by Code Section 409A, to the extent allowed by law and as determined by the Bank, Executive agrees that such repayment may, in the discretion of the
Bank, be accomplished by withholding of future compensation to be paid to Executive by the Bank or any Affiliate. Any recovery of compensation covered by Code Section 409A shall be implemented in a manner which complies with Code
Section 409A. 
 (c) If the Bank were to implement either a deferred compensation program, supplemental executive retirement
plan or the like for its senior executives then the Executive will be entitled to participate in the implemented program at levels no lower than other senior executives of the Bank. 

(d) The Bank will pay to the Executive the Base Salary as provided in Section 4(a) in appropriate
installments to conform to the Bank’s regular payroll dates which shall be at least monthly. Further, the Bank will pay to the Executive the Base Salary and all other amounts set forth in this Agreement less appropriate deductions as required
by law, or otherwise permitted by the Executive. The Bank shall also withhold and remit to the proper party any amounts agreed to in writing by the Bank and the Executive for participation in any corporate sponsored benefit plans for which a
contribution is required. 
 (e) Except as otherwise expressly set forth hereunder, no compensation shall be paid pursuant to this
Agreement in respect of any month or portion thereof subsequent to any termination of the Executive’s employment by the Bank. 

  
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 Section 5. Corporate Benefit Plans. 

(a) General. In addition to those matters set forth in this Agreement, during his employment hereunder, the
Executive and, to the extent applicable, Executive’s spouse, dependents and beneficiaries shall be entitled to participate in or become a participant in all employee benefit plans and programs, including improvements or modifications of the
same, maintained by the Bank (including but not limited to the benefits of certain pension and other retirement benefit plans, profit sharing, stock option, or other plans, benefits, and privileges) and available to other executives of the Bank that
includes the Executive, on a basis not less favorable than that provided to such class of employees. 
 (b) Vacation and Other
Leave. Upon execution of this Agreement, the Executive shall be entitled to twenty-five (25) days of paid vacation annually (the “Vacation Leave”). Executive shall take at least two (2) consecutive weeks of
vacation annually that will not overlap with any vacation or planned leave taken by the President and Chief Executive Officer of the Bank. In addition to the Vacation Leave, the Executive shall accrue additional days of paid leave annually
(“Paid Leave Time”) according to the Paid Leave section of the Bank’s Employee Handbook. The Executive shall not at any one time take more than ten (10) consecutive business days of Vacation Leave, Paid Leave Time or
combination thereof without the prior approval of the Board of Directors. The Executive shall further be entitled to the number of paid holidays and leaves for illness or temporary disability in accordance with the Bank’s policies for its
senior executives. 
 (c) Health and Disability Insurance. During the term of his employment, the Executive
shall be entitled to participate in the medical (including hospitalization), dental, life and disability plans, to the extent offered by the Bank, and in amounts consistent with the Bank’s policy, for other senior executive officers of the
Bank, with premiums for all such insurance for the Executive and his dependents to be paid by the Bank in accordance with normal payroll practices but at least monthly. 

(d) Life Insurance. The Bank will obtain, and maintain at all times during the term of the Executive’s
employment, a group term insurance policy on the Executive’s life in an amount equal to two times his base salary under the Virginia Bankers Association group term life insurance program. The Bank will pay the premiums on this policy in
accordance with normal payroll practices but at least monthly. The Executive will have the right to designate the beneficiary of the policy. 

Section 6. Expense Account and Use of Car. 

(a) General. The Bank shall reimburse the Executive for all reasonable and documented business expenses incurred
in the conduct of the Bank’s business. Such expenses will include business meals, out-of-town lodging and travel expenses, and memberships in professional
organizations and costs to attend meetings and conventions of business-appropriate organizations and associations. The Executive agrees to timely submit records and receipts and, as may be required by the Board of Directors, explanations of
reimbursable items and agrees that the Bank can adopt reasonable rules and policies regarding such reimbursement. The Bank agrees to make prompt payment to the Executive following receipt and verification of such reports. 

  
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 (b) Use of Car. During the term of this Agreement, the Bank
shall provide Executive with a car, for business and private travel in accordance with currently applicable Bank policy, and shall pay all running costs (for example, fuel, insurance, tax, service and maintenance). Executive’s spouse may also
use the car. 
 (c) Reimbursements and In-kind Benefits. All reimbursements and
in-kinds benefits payable under this Agreement shall be made in accordance with the Bank’s written policies. If any reimbursement or in-kind benefit is subject to
Internal Revenue Code (the “Code”) Section 409A (as defined in Section 21), then such reimbursement or in-kind benefit shall comply with the applicable
requirements of Section 21, including the timing of payment and other provisions set forth in Section 21(d). 

Section 7. Termination and Termination Benefits. Notwithstanding the provisions of
Section 2, the Executive’s employment hereunder shall terminate under the following circumstances and shall be subject to the following provisions: 

(a) Death. If the Executive dies during the term of this Agreement, the Bank shall continue to pay to the
Executive’s estate an amount equal to the Executive’s then current Base Salary for 12 months after the Executive’s death with such payments to be made on the same periodic dates as salary payments would have been made to the Executive
had he not died. In addition, the Bank shall pay to the estate of the Executive within 60 days of the Executive’s death, any unpaid compensation or benefits, including accrued annual bonus, if any, which otherwise would have been payable to the
Executive through the end of the month in which his death occurs. In addition, upon the death of the Executive during the term of this Agreement, all of Executive’s unvested equity awards that were granted to the Executive by the Bank as
compensation and that have not previously been forfeited, exercised or settled will immediately vest upon the Executive’s death notwithstanding any provision in an equity award agreement to the contrary. 

(b) Disability. The Bank may terminate the Executive’s employment hereunder, after having established the
Executive’s Disability, by giving to the Executive written notice of the Bank’s intention to terminate the Executive’s employment for Disability. The Executive’s employment with the Bank shall terminate effective on the 90th day
after the Executive’s receipt of such notice if within 90 days after such receipt the Executive shall fail to return to the full-time performance of the essential functions of his position. If the Executive’s employment hereunder is
terminated due to the Executive’s Disability, then all compensation and benefits payable to the Executive shall cease on the date of termination; provided, however, that the Bank shall pay to the Executive within 60 days of the date of
termination any accrued but unpaid compensation, including accrued annual bonus, if any, which otherwise would have been payable to the Executive through the date of termination. In addition, all of Executive’s unvested equity awards that were
granted to the Executive by the Bank as compensation and that have not previously been forfeited, exercised or settled will immediately vest on the date of termination notwithstanding any provision in an equity award agreement to the contrary. 

  
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 (c) Termination by the Bank For Cause. The Bank may terminate
the Executive’s employment hereunder For Cause, in which event the Bank may elect to terminate the Executive’s employment immediately or upon the expiration of a set period not to exceed 30 days, as set forth in a written notice to the
Executive. During any such period between the Executive’s receipt of such notice and the date of termination, the Executive may be relieved of his duties as specified herein and assigned alternate duties by the Board of Directors. If the
Executive’s employment hereunder is terminated by the Bank For Cause, then all compensation and benefits payable to the Executive shall cease on the date of termination; provided, however, that the Bank shall pay to the Executive within 60 days
of the date of termination any accrued but unpaid compensation, including accrued annual bonus, if any, which otherwise would have been payable to the Executive through the date of termination. 

(d) Termination by the Bank Without Cause. The Bank may terminate the Executive’s employment hereunder
Without Cause, in which event the Bank may elect to terminate the Executive’s employment immediately or upon the expiration of a set period not to exceed 30 days, as set forth in a written notice to the Executive. During any period between the
Executive’s receipt of such notice and the date of termination, the Executive may be relieved of his duties as specified herein and assigned alternate duties by the Board of Directors. 

(i) If the Bank terminates the Executive’s employment hereunder Without Cause and not within one year following a Change of Control, then,
subject to Section 7(f), the Executive shall receive, in a lump sum on the 60th day following the date of termination, an amount equal to the greater of:
(A) the sum of his then current Base Salary for one year plus the average of any annual bonus payments made to the Executive during the three-year period ending on the date of termination, (B) the sum of his then current Base Salary
for the balance, if any, of the Initial Term plus the average of any annual bonus payments made to the Executive during the three-year period ending on the date of termination, or (C) 299% of the Executive’s “annualized includible
compensation for the base period” as defined in Code Section 280G. In addition, all of Executive’s unvested equity awards that were granted to the Executive by the Bank as compensation and that have not previously been forfeited,
exercised or settled will immediately vest on the date of termination notwithstanding any provision in an equity award agreement to the contrary. All benefits shall cease on the date of termination. 

(ii) If the Bank terminates the Executive’s employment hereunder Without Cause within one year following a Change of Control, then,
subject to Section 7(f), the Executive shall receive, in a lump sum within 30 days following the date of termination, an amount equal to the greater of: (A) the sum of his then current Base Salary for one year
plus the average of any annual bonus payments made to the Executive during the three-year period ending on the date of termination, (B) the sum of his then current Base Salary for the balance, if any, of the Initial Term plus the average of any
annual bonus payments made to the Executive during the three-year period ending on the date of termination, or (C) 299% of the Executive’s “annualized includible compensation for the base period” as defined in Code Section 280G.
In addition, all of Executive’s unvested equity awards that were granted to the Executive by the Bank as compensation and that have not previously been forfeited, exercised or settled will immediately vest on the date of termination
notwithstanding any provision in an equity award agreement to the contrary. All benefits shall cease on the date of termination. 

  
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 (e) Termination by the Executive. The Executive may terminate
his employment hereunder by written notice to the Bank effective not less than 60 days after the Bank’s receipt of such notice; provided, however, that subsequent to receipt of such notice, the Executive may be relieved of his duties and
assigned alternate duties by the Board of Directors. 
 (i) Termination by the Executive For Good Reason and Not Within One Year Following
Change of Control. If the Executive terminates his employment hereunder For Good Reason and not within one year following a Change of Control, then he shall receive the same compensation and benefits upon termination (including accelerated
vesting of equity awards) that he would receive if he were terminated Without Cause and not within one year following a Change of Control as specified in Section 7(d)(i). 

(ii) Termination by the Executive For Good Reason Within One Year Following Change of Control. If the Executive terminates his
employment hereunder For Good Reason within one year following a Change of Control, he shall receive the same compensation and benefits upon termination (including accelerated vesting of equity awards) that he would receive if he were terminated
Without Cause within one year following a Change of Control as specified in Section 7(d)(ii). 
 (iii)
Termination by the Executive other than For Good Reason. If the Executive terminates his employment hereunder other than For Good Reason, then all compensation and benefits payable to the Executive shall cease on the date of termination;
provided, however, that the Bank shall pay to the Executive within 60 days of the date of termination any accrued but unpaid compensation, including accrued annual bonus, if any, which otherwise would have been payable to the Executive through the
date of termination. 
 (f) Limitations on Termination Compensation. Notwithstanding anything in this Agreement
to the contrary: 
  

	 	(i)	 If the Executive is at anytime in breach of either Section 10 or
Section 11 of this Agreement, then the Executive shall not thereafter be entitled to receive any amounts payable pursuant to Section 7(d)(i), 7(d)(ii), 7(e)(i) or 7(e)(ii) (“Termination
Compensation”), and none of the Executive’s unvested equity awards will be subject to accelerated vesting. In addition, if such breach occurs within 12 months following the date of termination, the Executive shall repay to the Bank any
Termination Compensation received and all vested stock previously received as compensation, and any outstanding equity awards that were granted to the Executive by the Bank as compensation will be forfeited to the Bank. 

 

	 	(ii)	 If the Executive engages in any activity seeking to establish a Competitive Business in the Trade Area during
the Non-Compete Period (as defined in Section 11(a) below), the Executive shall not be entitled to any Termination Compensation, the Executive shall repay to the Bank any Termination
Compensation received and all vested stock previously received as compensation, and any outstanding equity awards that were granted to the Executive by the Bank as compensation will be forfeited to the Bank. 

  
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	 	(iii)	 The Bank shall not be required to make payment of the Termination Compensation or any portion thereof to the
extent such payment is prohibited by applicable banking regulations or to the extent that any other governmental approval of the payment required by law is not received. 

(g) Definitions. For purposes of this Agreement, the following terms have the following meanings: 

 

	 	(i)	 “Cause” shall mean: 

 

	 	(1)	 Gross incompetence, gross negligence, willful misconduct, or breach of a material fiduciary duty owed to the
Bank; 

  

	 	(2)	 Conviction of a felony, a crime of moral turpitude, commission of an act of embezzlement or fraud against the
Bank or any subsidiary or Affiliate thereof, the commission of repeated misdemeanors, or other willful misconduct that materially adversely affects the business or reputation of the Bank; 

 

	 	(3)	 Failure to cure a material breach by the Executive of a material term of this Agreement after 10 days written
notice of the breach; 

  

	 	(4)	 Deliberate dishonesty of the Executive with respect to the Bank or any subsidiary or Affiliate thereof; or

  

	 	(5)	 Permanent disbarment or suspension of the Executive by any regulatory body or agency lasting more than sixty
(60) days. 

 (ii) Change of Control. “Change of Control” shall mean the
occurrence of any of the following events: 
 (1) Merger: The Bank or MainStreet Bancshares, Inc. (the “Company” or the
“Guarantor”) merges into or consolidates with another entity, or merges another bank or corporation into the Bank or the Company, and as a result, less than a majority of the combined voting power of the resulting corporation immediately
after the merger or consolidation is held by persons who were stockholders of the Bank or the Company immediately before the merger or consolidation; 

(2) Acquisition of Significant Share Ownership: A person or persons acting in concert has or have become the beneficial owner of 25% or more
of a class of the Bank’s or the Company’s voting securities; provided, however, this clause (2) shall not apply to beneficial ownership of the Bank’s or the Company’s voting shares held in a fiduciary capacity by an entity
of which the Bank or the Company directly or indirectly beneficially owns 50% or more of its outstanding voting securities; 

  
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 (3) Change in Board Composition: Individuals who constitute the Bank’s or the
Company’s Board of Directors on the Effective Date hereof (the “Incumbent Board”) cease for any reason to constitute at least a majority thereof, provided that any person becoming a director subsequent to the Effective Date whose
election was approved by a vote of at least three-quarters of the directors comprising the Incumbent Board shall be considered, for purposes of this clause (3), as though he or she was a member of the Incumbent Board; or 

(4) Sale of Assets: The Bank or the Company sells to a third party all or substantially all of its assets. 

The definition of Change of Control shall be construed to be consistent with the requirements of Section 409A of the Code, and Treasury
Regulations promulgated thereunder. 
  

	 	(iii)	 “Disability” means either (i) disability which after the expiration of more than 13
consecutive weeks after its commencement is determined to be total and permanent by a physician selected and paid for by the Bank or its insurers, and acceptable to the Executive or his legal representative, which consent shall not be unreasonably
withheld or (ii) disability as defined in the policy of disability insurance maintained by the Bank or its Affiliates for the benefit of the Executive, whichever may be more favorable to the Executive. Notwithstanding any other provision of
this Agreement, the Bank shall comply with all requirements of the Americans with Disabilities Act, 42 U.S.C. § 12101 et seq. 

  

	 	(iv)	 “For Good Reason” shall mean: 

 

	 	(1)	 Except as provided herein, the assignment of duties and responsibilities to the Executive by the Bank which are
inconsistent with the position referred to in Section 1(a) above or which result in the Executive’s having significantly less authority or responsibility than he has on the date hereof, without his advance and express
written consent; 

  

	 	(2)	 The removal of the Executive from or any failure to re-elect him to the
positions of Executive Vice President and Chief Financial Officer of the Bank or Executive Vice President and Chief Financial Officer of the Company, other than for Cause; 

  
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	 	(3)	 The removal of the Executive from the Board of Directors of the Bank or the Company, the Executive’s
failure to be re-elected by the Company’s shareholders to continue to serve as a member of the Board of Directors of the Company for a new term of office beyond his then current term of office as a
director even after the Board of Directors of the Company shall have nominated the Executive for such additional term of office, any failure of the Executive to be endorsed and recommended by the Company for
re-election to the Company’s Board of Directors, or any failure of the Executive to be endorsed and recommended by the Bank for re-election to the Bank’s Board
of Directors; 

  

	 	(4)	 A reduction by the Bank of the Executive’s annual Base Salary unless salaries for all employees are
reduced, and the Executive’s salary is reduced proportionately; 

  

	 	(5)	 The failure of the Bank to provide the Executive with substantially the same fringe benefits that are provided
Executive at the inception of his employment; except as a result of severe financial distress that leads to a general decrease in the level of benefits of all or substantially all of the Bank’s employees; 

 

	 	(6)	 Failure to cure a material breach by the Bank of a material term of this Agreement after 30 days written notice
of the breach; 

  

	 	(7)	 Failure by any successor entity (an entity that assumes the assets or business of the Bank pursuant to
an acquisition of any kind including, without limitation, acquisition of assets or merger) to assume and agree to perform this Agreement in its entirety; or 

 

	 	(8)	 The occurrence of a Change of Control. 

 

	 	(v)	 “Without Cause” shall mean termination of the Executive’s employment hereunder by the
Bank for any reason other than upon Disability or For Cause. 

 Section 8. Other Provisions Relating to
Termination. 
 (a) Notwithstanding the termination of the Executive’s employment pursuant to any provision of this
Agreement, the Parties shall be required to carry out any provisions of this Agreement which contemplate performance by them subsequent to such termination. In addition, no termination shall affect any liability or other obligation of either Party
which shall have accrued prior to such termination, including, but not limited to, any liability, loss or damage on account of breach, subject to the limitation on damages set forth below. No termination of employment shall terminate the obligation
of the Bank to make payments of any vested benefits provided hereunder or the obligations of the Executive under Sections 10, 11, and 12. 

  
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 (b) Notwithstanding anything herein to the contrary, the Executive acknowledges and
agrees that the payment by the Bank of the Termination Compensation shall constitute liquidated damages for, and shall be the Executive’s sole and exclusive remedy for, (1) the termination of the Executive by the Bank Without Cause or
(2) the occurrence of any fact or circumstance constituting Good Reason, including without limitation any breach of this Agreement by the Bank. The parties agree that it would be difficult or impossible to ascertain damages in the event of a
breach by the Bank and, accordingly, the parties have, through negotiation of this Agreement, established liquidated damages which they agree are a fair estimate of damages and not a penalty. 

(c) It is the intention of the Parties that no payment be made or benefit provided to the Executive pursuant to this Agreement that
would constitute an “excess parachute payment” within the meaning of Section 280G of the Code and any regulations thereunder, thereby resulting in a loss of an income tax deduction by the Bank or the Company, or the imposition of an
excise tax on the Executive under Section 4999 of the Code. If the independent accountants serving as auditors for the Bank on the date of a Change of Control (or any other accounting firm designated by the Bank only because such determination
by the auditors would be violative of auditor independence rules) determine that some or all of the payments or benefits scheduled under this Agreement, as well as any other payments or benefits on a Change of Control, would be nondeductible by the
Bank or the Company under Section 280G of the Code, then the payments scheduled under this Agreement will be reduced to one dollar less than the maximum amount which may be paid without causing any such payment or benefit to be nondeductible.
The determination made as to the reduction of benefits or payments required hereunder by the independent accountants shall be binding on the Parties. Any reduction of benefits or payments required to be made under this
Section 8(c) will be taken pro rata in the following order: first from payments or benefits that are equity compensation and, if necessary, second from payments or benefits that are cash compensation. 

(d) Notwithstanding any other provision of this Agreement, no payments or benefits under this Agreement that are subject to Code
Section 409A (as defined in Section 21) and that are to be paid upon the Executive’s termination of employment shall be paid or provided to the Executive until the Executive has experienced a “separation from
service”, as described in Section 21(c). Any such payments or benefits shall also be subject to the delay provisions in Section 21(c), if applicable. 

Section 9. Suspension. 

If the Executive is suspended and/or temporarily prohibited from participating in the conduct of the Bank’s affairs by a notice served
pursuant to the Federal Deposit Insurance Act, then the Bank’s obligations under this Agreement shall be suspended as of the date of service unless the Executive’s suspension or prohibition is stayed by appropriate proceedings. If the
charges in the notice are dismissed, then the Bank (i) will pay to the Executive all of the compensation withheld while the Bank’s contract obligations were suspended, and (ii) reinstate (in whole) any of its obligations which were
suspended. Nothing in this Section 9 shall be construed to limit the Bank’s right, pursuant to Section 7(g)(i)(5) to declare a suspension of the Executive lasting longer than sixty
(60) days as Cause for termination. 

  
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 Section 10. Confidentiality/Nondisclosure.
The Executive covenants and agrees that any and all information concerning the customers, businesses and services of the Bank or the Company of which he has knowledge or access as a result of his association with the Bank or the Company in any
capacity (including, without limitation, information concerning the Bank’s or the Company’s trade secrets, business operations and operating methods, business records, customer lists or other customer information, research projects, costs,
pricing, financial data, business plans and proposals, data and information the Bank or the Company receives in confidence from any other party and, or any other information which is treated as confidential by the Bank or the Company)
(“Confidential Information”) is the sole and exclusive property of the Bank or the Company. The Executive shall not, without the prior written consent of the Bank or the Company, directly or indirectly use, disseminate, disclose or
publish such Confidential Information to third parties other than in connection with the usual conduct of the business of the Bank or the Company. Such information shall expressly include, but shall not be limited to, information concerning the
Bank’s or the Company’s trade secrets, business operations, business records, customer lists or other customer information. Upon termination of employment, the Executive shall deliver to the Bank or the Company all originals and copies of
documents, forms, records or other information in Executive’s possession, in whatever form it may exist, concerning the Bank or the Company or their business, customers, products or services, without retaining any copies. The Bank shall have
the right to review the Executive’s personal files, on demand, to evaluate compliance with this provision. In construing this provision it is agreed that it shall be interpreted broadly so as to provide the Bank or the Company with the maximum
protection. This Section 10 shall not be applicable to any information which, through no misconduct or negligence of the Executive, has previously or subsequently been disclosed to the public by anyone other than the
Executive. The provisions of this Section 10 shall expressly survive termination of this Agreement for any reason, including breach of this Agreement by the Bank or the Company. 

Section 11. Covenants Not to Compete and Not to Solicit. 

(a) The Executive covenants and agrees that during the term of his employment, and for a period of twelve (12) months from and
after the date that the Executive ceases to be employed by the Bank (the “Non-Compete Period”) for any reason other than for “cause”, he will not, directly or indirectly, in any
individual or representative capacity whatsoever be directly or indirectly employed by a Competitive Business as an employee, consultant or in any other capacity to provide or undertake those duties customarily performed by any executive, including
a vice-president, or senior loan officer of the Bank anywhere within a thirty-five (35) air mile radius of any office operated by the Bank on the date the Executive’s employment terminates (the “Trade Area”); Additionally,
the Executive covenants and agrees that during the term of his employment, and for a period of twelve (12) months from and after the date that the Executive ceases to be employed by the Bank for any reason, during the Non-Compete Period, he will not, directly or indirectly, in any individual or representative capacity whatsoever: (i) solicit, or assist any other person or business entity in soliciting, any depositors or other
customers of the Bank to make deposits in or to become customers of any other financial institution conducting a Competitive Business; or (ii) knowingly induce any individuals to terminate their employment with the Bank or its Affiliates, each
of the aforesaid activities described in this paragraph 11(a) being deemed a “Competitive Activity”. The term “Competitive Business” means provision of those banking products and services that are substantially
similar to those offered by the Bank on the date that the Executive’s employment terminates. The Executive further agrees that if the Executive violates this Section 11 during the
Non-Compete Period, the Non-Compete Period shall be extended by an amount of time equal to the length of the period of any such violation(s). 

  
 12 

 (b) The Executive hereby covenants and warrants that the covenants and restrictions
set forth in Section 11(a) are the product of negotiation between the Executive and the Bank and, in light of the Executive’s position as a founding Director and Executive Vice President and Chief Financial Officer of
the Bank, are reasonable (as to geographic scope, scope of activity, and duration) and necessary for the protection of the Bank’s legitimate business interests, including the protection of the significant investment of the Bank in developing,
maintaining and expanding its business. The Executive represents and warrants to the Bank and the Company that the covenants and restrictions set forth in Section 11(a) do not and will not unreasonably interfere with the
Executive’s ability to earn a livelihood. 
 Section 12. Injunctive Relief, Damages, Etc. 

(a) The Parties agree that in the event of any breach by the Executive of any of the provisions of Sections 10 or 11 that
monetary damages alone will not adequately compensate the Bank for its losses and, therefore, that it may seek any and all legal or equitable relief available to it, specifically including, but not limited to, injunctive relief. The covenants
contained in Sections 10 and 11 shall be construed and interpreted in any judicial proceeding to permit their enforcement to the maximum extent permitted by law. Should a court of competent jurisdiction determine that any provision of
the covenants and restrictions set forth in Section 11 is unenforceable as being overbroad as to time, area or scope, then the Parties agree that they shall enter into an amendment to this Agreement for the purpose of
rendering such provision enforceable to the maximum extent permitted by law. The Parties acknowledge and agree that the foregoing obligation to amend this Agreement shall survive the entry of any order or decree finding
Section 11 to be unenforceable. 
 (b) Nothing in this Section 12 will limit the
right of a Party to obtain from a court of competent jurisdiction any equitable relief such as an injunction, nor shall this Section 12 be construed to impair or otherwise affect any indemnification rights either Party may
have against the other arising under the Bank’s articles of incorporation or bylaws or pursuant to any other written agreement between the Parties not superseded by this Agreement. 

Section 13. Binding Effect/Assignability. This Agreement shall be binding upon and inure to the
benefit of the Bank and the Executive and their respective heirs, legal representatives, executors, administrators, successors and assigns, but neither this Agreement, nor any of the rights hereunder, shall be assignable by the Executive or any
beneficiary or beneficiaries designated by the Executive. The Bank will require any successor (whether direct or indirect, by purchase, merger, consolidation, share exchange or otherwise) to all or substantially all of the business, stock or assets
of the Bank (a “Successor Entity”), by agreement in form and substance reasonably satisfactory to the Executive, to expressly assume and agree to perform this Agreement in its entirety. 

Section 14. Governing Law. This Agreement shall be subject to and construed in accordance with
the laws of the Commonwealth of Virginia, without giving effect to its principles of conflict of laws. 

  
 13 

 Section 15. The parties will enter into a separate indemnification
agreement regarding the Executive’s status as a Bank director and officer. 
 Section 16. Invalid
Provisions. The invalidity or unenforceability of any particular provision of this Agreement shall not affect the validity or enforceability of any other provisions hereof, and this Agreement shall be construed in all respects as if
such invalid or unenforceable provisions were omitted. 
 Section 17. Notices. Any and all
notices, designations, consents, offers, acceptance or any other communications provided for herein (“Notices”) shall be given in writing and shall be deemed properly delivered if delivered in person or (i) in the case of
Notices deliverable to the Bank, by overnight delivery by a reputable carrier or in person to Corporate Counsel for MainStreet Bank, Edward Crosland, Esq., Jones Walker LLP, 1227 25th St, NW Suite
#200, Washington DC 20037; FAX# 202-434-4661 , and (ii) in the case of Notices to the Executive, by overnight delivery by a reputable carrier, addressed to his last
known address. 
 Section 18. Entire Agreement. 

(a) This Agreement constitutes the entire agreement among the Parties with respect to the subject matter hereof and supersedes any and
all other agreements, either oral or in writing, among the Parties, including the Prior Agreement, with respect to the subject matter hereof. 

(b) This Agreement may be executed in one or more counterparts, each of which shall be considered an original copy of this Agreement,
but all of which together shall evidence only one agreement. 
 Section 19. Amendment and Waiver.
This Agreement may not be amended except by an instrument in writing signed by or on behalf of each of the Parties. No waiver of any provision of this Agreement shall be valid unless in writing and signed by the person or Party to be charged.

 Section 20. Interpretation. The meaning assigned to each term defined in this Agreement
will be equally applicable to both the singular and the plural forms of the term. Whenever the context may require, any pronoun will include the corresponding masculine, feminine and neuter forms. The headings in this Agreement are for reference
only and will not affect this Agreement’s interpretation. Underscored references to Articles, Sections, Subsections, clauses, Exhibits or Schedules refer to those portions of this Agreement, and any underscored references to a Subsection or
clause, unless otherwise identified, refer to the appropriate Subsection or clause within the same Section in which the reference occurs. The Parties have participated jointly in the negotiation and drafting of this Agreement. In the event an
ambiguity or question of intent or interpretation arises, then this Agreement will be construed as if drafted jointly by the Parties, and no presumption or burden of proof will arise favoring or disfavoring any Party by virtue of the authorship of
any provisions of this Agreement. 

  
 14 

 Section 21. Code
Section 409A Compliance. 
 (a) The intent of the parties is that payments and benefits
under this Agreement comply with Section 409A of the Internal Revenue Code of 1986, as amended, and applicable guidance thereunder (“Code Section 409A”) or comply with an exemption from the application of
Code Section 409A and, accordingly, all provisions of this Agreement shall be construed in a manner consistent with the requirements for avoiding taxes or penalties under Code Section 409A. 

(b) Neither the Executive nor the Bank shall take any action to accelerate or delay the payment of any monies and/or provision of any
benefits in any matter which would not be in compliance with Code Section 409A. 
 (c) A termination of employment shall not be
deemed to have occurred for purposes of any provision of this Agreement providing for the form or timing of payment of any amounts or benefits upon or following a termination of employment unless such termination is also a “separation from
service” (within the meaning of Code Section 409A) and, for purposes of any such provision of this Agreement under which (and to the extent) deferred compensation subject to Code Section 409A is paid, references to a
“termination” or “termination of employment” or like references shall mean separation from service. A “separation from service” shall not occur under Code Section 409A unless such Executive has completely severed
his relationship with the Bank or the Executive has permanently decreased his services to 20% or less of the average level of bona fide services over the immediately preceding 36 month period (or the full period if the Executive has been providing
services for less than 36 months). A leave of absence shall only trigger a termination of employment that constitutes a separation from service at the time required under Code Section 409A. If the Executive is deemed on the date of separation
from service with the Bank to be a “specified employee”, within the meaning of that term under Code Section 409A(a)(2)(B) and using the identification methodology selected by the Bank from time to time, or if none, the default
methodology, then with regard to any payment or benefit that is required to be delayed in compliance with Code Section 409A(a)(2)(B), such payment or benefit shall not be made or provided prior to the earlier of (i) the expiration of the six-month period measured from the date of the Executive’s separation from service or (ii) the date of the Executive’s death. In the case of benefits required to be delayed under Code
Section 409A, however, the Executive may pay the cost of benefit coverage, and thereby obtain benefits, during such six-month delay period and then be reimbursed by the Bank thereafter when delayed
payments are made pursuant to the next sentence. On the first day of the seventh month following the date of the Executive’s separation from service or, if earlier, on the date of the Executive’s death, all payments delayed pursuant to
this Section 21 (whether they would have otherwise been payable in a single sum or in installments in the absence of such delay) shall be paid or reimbursed to the Executive in a lump sum, and any remaining payments and
benefits due under this Agreement shall be paid or provided in accordance with the normal payment dates specified for them herein. If any cash payment is delayed under this Section 21, then interest shall be paid on the
amount delayed calculated at the prime rate reported in The Wall Street Journal for the date of the Executive’s termination to the date of payment. 

(d) With regard to any provision herein that provides for reimbursement of expenses or in-kind
benefits subject to Code Section 409A, except as permitted by Code Section 409A, (i) the right to reimbursement or in-kind benefits is not subject to liquidation or exchange for another benefit,
and (ii) the amount of expenses eligible for reimbursement, or in-kind benefits, provided during any taxable year shall not affect the expenses eligible for reimbursement, or in-kind benefits to be provided, in any other taxable year, provided that the foregoing clause (ii) 

  
 15 

 
shall not be violated with regard to expenses reimbursed under any arrangement covered by Code Section 105(b) solely because such expenses are subject to a limit related to the period the
arrangement is in effect. All reimbursements shall be reimbursed in accordance with the Bank’s reimbursement policies but in no event later than the calendar year following the calendar year in which the related expense is incurred. 

(e) If under this Agreement, an amount is to be paid in two or more installments, for purposes of Code Section 409A, each
installment shall be treated as a separate payment. 
 (f) When, if ever, a payment under this Agreement specifies a payment period
with reference to a number of days (e.g., “payment shall be made within ten (10) days following the date of termination”), the actual date of payment within the specified period shall be within the sole discretion of the Bank. 

(g) Notwithstanding any of the provisions of this Agreement, the Bank shall not be liable to the Executive if any payment or benefit
which is to be provided pursuant to this Agreement and which is considered deferred compensation subject to Code Section 409A otherwise fails to comply with, or be exempt from, the requirements of Code Section 409A. 

Section 22. Guaranty by MainStreet Bancshares, Inc. Notwithstanding anything in this Agreement to the
contrary, the Guarantor hereby unconditionally and irrevocably guarantees to make all payments of funds due and payable to the Executive as set forth in this Agreement, and to perform any and all financial obligations of the Bank set forth in this
Agreement to the extent that the Bank may fail to make such payments or perform such obligations on or after February 17, 2016, on a timely basis (the “Guaranty”). The Guarantor shall perform such Guaranty within ten
(10) days after receipt of written notice from the Executive to the Guarantor of the Bank’s failure to perform under this Agreement. Notwithstanding anything herein to the contrary, any payments made by the Guarantor to the Executive
pursuant to this Guaranty, shall be subject to and conditioned upon compliance with 12 U.S.C. § 1828(k) and the Federal Deposit Insurance Corporation Regulations at 12 C.F.R. Part 359, Golden Parachute and Indemnification Payments promulgated
thereunder. 
 [Signatures appear on the following page] 

  
 16 

 IN WITNESS WHEREOF, the Bank has caused this Agreement to be signed and sealed by its
duly authorized officer and the Executive has hereunto set his hand and seal on the day and year first above written. 
  

							
		 	 BANK:
	 	
		 		 	
			
		 		 	MAINSTREET BANK
				
		 		 	By:	 	   /s/ William E. Cox                             
                         (SEAL)
		 		 		 	   Name: William E. Cox
		 		 		 	   Title: Director
	ATTEST: _______________________	 		 		 	
		 		 	 EXECUTIVE:

		 		 		 	
			
		 		 	
   /s/ Thomas J. Chmelik                 
                                      
(SEAL)

		 		 	   THOMAS J. CHMELIK
		 		 		 	
		 		 		 	
	WITNESS: ______________________	 		 		 	

  
 17 

 IN WITNESS WHEREOF, the undersigned parties hereby execute this Agreement as evidence
of approval by MainStreet Bancshares, Inc. of the Guaranty set forth in the Agreement and acceptance of such Guaranty by the Executive. 
  

			
	MAINSTREET BANCSHARES, INC.
		
	By:	 	/s/ William E. Cox
		 	  
 William E. Cox

	Its:	 	Director

  

	
	Acceptance of the Guaranty by Executive
	
	/s/ Thomas J. Chmelik
	Thomas J. Chmelik, Executive

 ATTEST: 
  

			
		
		 	/s/ Jeff Dick
		 	  
 Jeff Dick, President and Chief
Executive Officer

		 	MainStreet Bancshares, Inc.

  
 18EX-4.1

 Exhibit 4.1 

QUORUM HEALTH CORPORATION 

AMENDED AND RESTATED 2016 STOCK AWARD PLAN 
  

	1.	 Purpose. 

The purpose of this Plan is to strengthen Quorum Health Corporation, a Delaware corporation (the “Company”), and its Subsidiaries by
providing a retention tool and an incentive to its and their employees, officers, consultants and directors and thereby encouraging them to devote their abilities and industry to the success of the Company’s and its Subsidiaries’ business
enterprises. It is intended that this purpose be achieved by extending to employees (including future employees who have received a formal written offer of employment), officers, consultants and directors of the Company and its Subsidiaries an added
long-term incentive for high levels of performance and unusual efforts through the grant of Incentive Stock Options, Non-qualified Stock Options, Stock Appreciation Rights, Performance Units, Performance
Shares, Share Awards, Restricted Stock and Restricted Stock Units (as each term is herein defined). 
  

	2.	 Definitions. 

For purposes of the Plan: 

2.1    “Affiliate” means any entity, directly or indirectly, controlled by, controlling or under common control
with the Company or any corporation or other entity acquiring, directly or indirectly, all or substantially all the assets and business of the Company, whether by operation of law or otherwise. 

2.2    “Agreement” means the written agreement between the Company and a Grantee evidencing the grant of an
Award and setting forth the terms and conditions thereof. 
 2.3    “Award” means a grant of Options,
Restricted Stock, Restricted Stock Units, Stock Appreciation Rights, a Performance Award, a Share Award or any or all of them. 

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

2.5    “Cause” means, except as otherwise set forth herein or in an applicable Award Agreement, 

(a)    in the case of a Grantee whose employment with the Company or a Subsidiary is subject to the terms of an employment
agreement between such Grantee and the Company or Subsidiary, which employment agreement includes a definition of “Cause”, the term “Cause” as used in this Plan or any Agreement shall have the meaning set forth in such employment
agreement during the period that such employment agreement remains in effect; and 
 (b)    in all other cases,
(i) intentional failure to perform reasonably assigned duties, (ii) dishonesty or willful misconduct in the performance of duties, (iii) involvement in a transaction in connection with the performance of duties to the Company or any
of its Subsidiaries which transaction is adverse to the interests of the Company or any of its Subsidiaries and which is engaged in for personal profit or (iv) willful violation of any law, rule or regulation in connection with the performance
of duties (other than traffic violations or similar offenses); provided, however, that following a Change in Control clause (i) of this Section 2.6(b) shall not constitute “Cause.” 

 2.6    “Change in Capitalization” means any increase or
reduction in the number of Shares, or any change (including, but not limited to, in the case of a spin-off, dividend or other distribution in respect of Shares, a change in value) in the Shares or exchange of
Shares for a different number or kind of shares or other securities of the Company or another corporation, by reason of a reclassification, recapitalization, merger, consolidation, reorganization, spin-off, split-up, issuance of warrants or rights or debentures, stock dividend, stock split or reverse stock split, cash dividend, property dividend, extraordinary cash dividend, combination or exchange of shares,
repurchase of shares, change in corporate structure or otherwise. 
 2.7    A “Change in Control” shall mean
the occurrence of any of the following, unless otherwise determined by the Committee in an applicable Agreement or other written agreement approved by the Committee: 

(a)    An acquisition (other than directly from the Company) of any voting securities of the Company (the “Voting
Securities”) by any “Person” (as the term person is used for purposes of Section 13(d) or 14(d) of the Exchange Act), immediately after which such Person has “Beneficial Ownership” (within the meaning of Rule 13d-3 promulgated under the Exchange Act) of more than fifty percent (50%) of the then outstanding Shares or the combined voting power of the Company’s then outstanding Voting Securities; provided,
however, that in determining whether a Change in Control has occurred pursuant to this Section 2.7(a), Shares or Voting Securities which are acquired in a “Non-Control Acquisition” (as
hereinafter defined) shall not constitute an acquisition which would cause a Change in Control. A “Non-Control Acquisition” shall mean an acquisition by (i) an employee benefit plan (or a trust
forming a part thereof) maintained by (A) the Company or (B) any corporation or other Person the majority of the voting power, voting equity securities or equity interest of which is owned, directly or indirectly, by the Company (for
purposes of this definition, a “Related Entity”), (ii) the Company or any Related Entity, or (iii) any Person in connection with a “Non-Control Transaction” (as hereinafter defined);

 (b)    The individuals who, as of the Effective Date, are members of the Board (the “Incumbent Board”),
cease for any reason to constitute at least a majority of the members of the Board or, following a Merger (as hereinafter defined) which results in a Parent Corporation (as hereinafter defined), the board of directors of the ultimate Parent
Corporation; provided, however, that if the election, or nomination for election by the Company’s common stockholders, of any new director was approved by a vote of at least two-thirds of the Incumbent
Board, such new director shall, for purposes of this Plan, be considered a member of the Incumbent Board; provided further, however, that no individual shall be considered a member of the Incumbent Board if such individual initially assumed
office as a result of the actual or threatened solicitation of proxies or consents by or on behalf of a Person other than the Board (a “Proxy Contest”) including by reason of any agreement intended to avoid or settle any Proxy Contest; or

  
 2 

 (c)    The consummation of: 

(i) A merger, consolidation or reorganization with or into the Company or in which securities of the Company are issued (a
“Merger”), unless such Merger is a “Non-Control Transaction.” A “Non-Control Transaction” shall mean a Merger where: 

(A) the stockholders of the Company immediately before such Merger own directly or indirectly immediately following such Merger
at least fifty percent (50%) of the combined voting power of the outstanding voting securities of (x) the corporation resulting from such Merger (the “Surviving Corporation”), if fifty percent (50%) or more of the combined voting
power of the then outstanding voting securities of the Surviving Corporation is not Beneficially Owned, directly or indirectly, by another Person (a “Parent Corporation”), or (y) if there is one or more than one Parent Corporation,
the ultimate Parent Corporation; and 
 (B) the individuals who were members of the Incumbent Board immediately prior to the
execution of the agreement providing for such Merger constitute at least a majority of the members of the board of directors of (x) the Surviving Corporation, if there is no Parent Corporation, or (y) if there is one or more than one
Parent Corporation, the ultimate Parent Corporation; 
 (ii) A complete liquidation or dissolution of the Company; or 

(iii) The sale or other disposition of all or substantially all of the assets of the Company to any Person (other than a
transfer to a Related Entity or under conditions that would constitute a Non-Control Transaction with the disposition of assets being regarded as a Merger for this purpose or the distribution to the
Company’s stockholders of the stock of a Related Entity or any other assets). 
 Notwithstanding the foregoing, (A) a Change in
Control shall not be deemed to occur solely because any Person (the “Subject Person”) acquired Beneficial Ownership of more than the permitted amount of the then outstanding Shares or Voting Securities as a result of the acquisition of
Shares or Voting Securities by the Company which, by reducing the number of Shares or Voting Securities then outstanding, increases the proportional number of shares Beneficially Owned by the Subject Persons, provided that if a Change in Control
would occur (but for the operation of this sentence) as a result of the acquisition of Shares or Voting Securities by the Company, and after such share acquisition by the Company, the Subject Person becomes the Beneficial Owner of any additional
Shares or Voting Securities which increases the percentage of the then outstanding Shares or Voting Securities Beneficially Owned by the Subject Person, then a Change in Control shall occur, and (B) unless otherwise provided in the applicable
Agreement, with respect to any Award constituting a “deferral of compensation” subject to Section 409A of the Code, solely for purposes of determining the timing of a payment pursuant to the Agreement, a Change in Control shall mean a
“change in the ownership” of the Company, a “change in the effective control” of the Company, or a “change in the ownership of a substantial portion of the assets” of the Company as such terms are defined in Section 1.409A-3(i)(5) of the Treasury Regulations. 

  
 3 

 If a Grantee’s employment is terminated by the Company without Cause prior to the date
of a Change in Control but the Grantee reasonably demonstrates that the termination (A) was at the request of a third party who has indicated an intention or taken steps reasonably calculated to effect a change in control or (B) otherwise
arose in connection with, or in anticipation of, a Change in Control which has been threatened or proposed, such termination shall be deemed to have occurred after a Change in Control for purposes of this Plan provided a Change in Control shall
actually have occurred. 
 2.8    “Code” means the Internal Revenue Code of 1986, as amended. 

2.9    “Committee” means a committee, as described in Section 3.1, appointed by the Board from time to time
to administer the Plan and to perform the functions set forth herein. 
 2.10    “Company” means Quorum Health
Corporation. 
 2.11    “Director” means a director of the Company. 

2.12    “Disability” means: 

(a)    in the case of a Grantee whose employment with the Company or a Subsidiary is subject to the terms of an employment
agreement between such Grantee and the Company or Subsidiary, which employment agreement includes a definition of “Disability”, the term “Disability” as used in this Plan or any Agreement shall have the meaning set forth in such
employment agreement during the period that such employment agreement remains in effect; 
 (b)    in the case of a
Grantee to whom Section 2.12(a) does not apply and who participates in the Company’s long-term disability plan, if any, the term “Disability” as used in such plan; or 

(c)    in all other cases, a physical or mental infirmity which impairs the Grantee’s ability to perform
substantially all his or her duties for a period of ninety-one (91) consecutive days. 

2.13    “Division” means any of the operating units or divisions of the Company designated as a Division by the
Committee. 
 2.14    “Dividend Equivalent Right” means a right to receive all or some portion of the cash
dividends that are or would be payable with respect to Shares, as determined by the Committee; provided, that subject to Section 12, no Dividend Equivalent Rights shall be granted with respect to unexercised Options or Stock Appreciation
Rights. 
 2.15    “Eligible Individual” means any of the following individuals who is designated by the
Committee as eligible to receive Awards subject to the conditions set forth herein: (a) any Director or Employee, (b) any individual to whom the Company or a Subsidiary has extended a formal, written offer of employment, or (c) any
consultant or advisor of the Company or a Subsidiary. 

  
 4 

 2.16    “Employee” means any person, including an officer
(whether or not also a Director) in the regular full-time employment of the Company or any of its Subsidiaries, but excludes, in the case of an Incentive Stock Option, an employee of any Subsidiary that is not a “subsidiary corporation” of
the Company as defined in Code Section 424(f). 
 2.17    “Exchange Act” means the Securities Exchange
Act of 1934, as amended. 
 2.18    “Fair Market Value” means, unless otherwise determined by the Committee,
the closing price of the relevant security as reported on the composite tape of New York Stock Exchange issues (or if, at the date of determination, the security is not so listed or if the principal market on which it is traded is not the New York
Stock Exchange, such other reporting system as shall be selected by the Committee) on the relevant date, or if no sale of the security is reported for that date, the next preceding day for which there is a reported sale. In the event that Fair
Market Value of a security cannot be determined in the manner described above, the Fair Market Value shall be the value established by the Board in good faith. 

2.19    “Good Reason” shall mean, unless otherwise provided in an Agreement, the occurrence after a Change in
Control of any of the following events or conditions with respect to a Grantee: 
 (a)    a change in the Grantee’s
status, title, position or responsibilities (including reporting responsibilities) which, in the Grantee’s reasonable judgment, represents an adverse change from the Grantee’s status, title, position or responsibilities as in effect
immediately prior thereto; the assignment to the Grantee of any duties or responsibilities which, in the Grantee’s reasonable judgment, are inconsistent with the Grantee’s status, title, position or responsibilities; or any removal of the
Grantee from or failure to reappoint or reelect the Grantee to any of such offices or positions, except in connection with the termination of the Grantee’s employment for Disability, Cause, as a result of the Grantee’s death or by the
Grantee other than for Good Reason; 
 (b)    a reduction in the Grantee’s annual base salary below the amount as
in effect immediately prior to the Change in Control; 
 (c)    the relocation of the offices of the Grantee’s
place of employment to a location more than twenty-five (25) miles from the location of such employment immediately prior to such Change in Control, or requiring the Grantee to be based anywhere other than such offices, except to the extent the
Grantee was not previously assigned to a principal location and except for required travel on business to the extent substantially consistent with the Grantee’s business travel obligations at the time of the Change in Control; 

(d)    the failure to pay to the Grantee any portion of the Grantee’s current compensation or to pay to the Grantee
any portion of an installment of deferred compensation under any deferred compensation program of the Company or any of its Subsidiaries in which the Grantee participated, within seven (7) days of the date such compensation is due; 

  
 5 

 (e)    the failure to (A) continue in effect (without reduction in
benefit level, and/or reward opportunities) any material compensation or employee benefit plan in which the Grantee was participating immediately prior to the Change in Control, unless a substitute or replacement plan has been implemented which
provides substantially identical compensation or benefits to the Grantee or (B) provide the Grantee with compensation and benefits, in the aggregate, at least equal (in terms of benefit levels and/or reward opportunities) to those provided for
under each other compensation or employee benefit plan, program and practice in which the Grantee was participating immediately prior to the Change in Control; or 

(f)    the failure of the Company to obtain from its successors or assigns the express assumption and agreements required
under Section 13 hereof. 
 Any event or condition described in Section 2.19(a), (b), (c), (d), or (f) which occurs at any time prior to the
date of a Change in Control and (A) which occurred after the Company entered into a definitive agreement, the consummation of which would constitute a Change in Control or (B) which the Grantee reasonably demonstrates was at the request of
a third party who has indicated an intention or has taken steps reasonably calculated to effect a Change in Control, shall constitute Good Reason for purposes of this Agreement, notwithstanding that it occurred prior to a Change in Control. 

2.20    “Grantee” means a person to whom an Award has been granted under the Plan. 

2.21    “Grant Price” means the price established at the time of a grant of a Stock Appreciation Right used to
determine whether there is any payment due upon exercise of the Stock Appreciation Right. 
 2.22    “Incentive
Stock Option” means an Option satisfying the requirements of Section 422 of the Code and designated by the Committee as an Incentive Stock Option. 

2.23    “Non-employee Director” means a Director who is not an Employee.

 2.24    “Non-qualified Stock Option” means an Option which is not
an Incentive Stock Option. 
 2.25    “Option” means a Non-qualified Stock Option, an Incentive Stock Option
or either or both of them. 
 2.26    “Optionee” means a person to whom an Option has been granted under the
Plan. 
 2.27    “Outside Director” means a director of the Company who is an “outside director”
within the meaning of Section 162(m) of the Code and the regulations promulgated thereunder. 

2.28    “Parent” means any corporation which is a parent corporation within the meaning of Section 424(e)
of the Code with respect to the Company. 
 2.29    “Performance Awards” means Performance Units, Performance
Shares or either or both of them. 

  
 6 

 2.30    “Performance-Based Compensation” means any Award that
is intended to constitute “qualified performance based compensation” within the meaning of Section 162(m)(4)(C) of the Code and the regulations promulgated thereunder. 

2.31    “Performance Cycle” means the time period specified by the Committee at the time Performance Awards are
granted during which the performance of the Company, a Subsidiary or a Division will be measured. 

2.32    “Performance Objectives” has the meaning set forth in Section 9. 

2.33    “Performance Shares” means Shares issued or transferred to an Eligible Individual under Section 9.

 2.34    “Performance Units” means performance units granted to an Eligible Individual under Section 9.

 2.35    “Plan” means this Quorum Health Corporation Amended and Restated 2016 Stock Award Plan, as amended
and restated from time to time. 
 2.36    “Restricted Stock” means Shares issued or transferred to an
Eligible Individual pursuant to Section 8.1. 
 2.37    “Restricted Stock Unit” means rights granted to
an Eligible Individual under Section 8.2 representing a number of hypothetical Shares. 
 2.38    “Share
Award” means an Award of Shares granted pursuant to Section 10. 
 2.39    “Shares” means shares of
the Common Stock of the Company, par value $.01 per share, and any other securities into which such shares are changed or for which such shares are exchanged. 

2.40    “Stock Appreciation Right” means a right to receive all or some portion of the increase in the value of
the Shares as provided in Section 6 hereof. 
 2.41    “Subsidiary” means (i) except as provided in
subsection (ii) below, any corporation which is a subsidiary corporation within the meaning of Section 424(f) of the Code with respect to the Company, and (ii) in relation to the eligibility to receive Awards other than Incentive
Stock Options and continued employment for purposes of Awards (unless the Committee determines otherwise), any entity, whether or not incorporated, in which the Company directly or indirectly owns 50% or more of the outstanding equity or other
ownership interests. 
 2.42    “Successor Corporation” means a corporation, or a Parent or Subsidiary thereof
within the meaning of Section 424(a) of the Code, which issues or assumes a stock option in a transaction to which Section 424(a) of the Code applies. 

2.43    “Ten-Percent Stockholder” means an Eligible Individual, who, at
the time an Incentive Stock Option is to be granted to him or her, owns (within the meaning of Section 422(b)(6) of the Code) stock possessing more than ten percent (10%) of the total combined voting power of all classes of stock of the Company, a
Parent or a Subsidiary. 

  
 7 

	3.	 Administration. 

3.1    The Committee. The Plan shall be administered by the Committee, which shall hold meetings at such times as
may be necessary for the proper administration of the Plan. The Committee shall keep minutes of its meetings. If the Committee consists of more than one (1) member, a quorum shall consist of not fewer than two (2) members of the Committee
and a majority of a quorum may authorize any action. Any decision or determination reduced to writing and signed by a majority of all of the members of the Committee shall be as fully effective as if made by a majority vote at a meeting duly called
and held. The Committee shall consist of at least one (1) Director and may consist of the entire Board; provided, however, that (A) with respect to any Award granted to an Eligible Individual who is subject to Section 16 of the
Exchange Act, the Committee shall consist of at least two (2) Directors each of whom shall be a “non-employee director” within the meaning of Rule 16b-3
promulgated under the Exchange Act and (B) to the extent necessary for any Option or Award intended to qualify as Performance-Based Compensation to so qualify, the Committee shall consist of at least two (2) Directors, each of whom shall
be an Outside Director. For purposes of the preceding sentence, if any member of the Committee fails to qualify as either a non-employee director (within the meaning of subsection (A) above) or an Outside
Director, but recuses himself or herself or abstains from voting with respect to a particular action taken by the Committee, then the Committee, with respect to that action, shall be deemed to consist only of the members of the Committee who have
not recused themselves or abstained from voting. Subject to applicable law, the Committee may delegate its authority under the Plan to any other person or persons. 

3.2    Limitation of Liability. No member of the Committee shall be liable for any action, failure to act,
determination or interpretation made in good faith with respect to this Plan or any transaction hereunder. The Company hereby agrees to indemnify each member of the Committee for all costs and expenses and, to the extent permitted by applicable law,
any liability incurred in connection with defending against, responding to, negotiating for the settlement of or otherwise dealing with any claim, cause of action or dispute of any kind arising in connection with any actions in administering this
Plan or in authorizing or denying authorization to any transaction hereunder. 
 3.3    Certain Powers. Subject
to the express terms and conditions set forth herein, the Committee shall have the power from time to time to: 

(a)    determine those Eligible Individuals to whom Options shall be granted under the Plan and the number of such Options
to be granted, prescribe the terms and conditions (which need not be identical) of each such Option, including the exercise price per Share, the vesting schedule and the duration of each Option, and make any amendment or modification to any Option
Agreement consistent with the terms of the Plan; 
 (b)    select those Eligible Individuals to whom Awards other than
Options shall be granted under the Plan, determine the number of Shares in respect of which each Award is granted, the terms and conditions (which need not be identical) of each such Award, and make any amendment or modification to any Award
Agreement consistent with the terms of the Plan; 

  
 8 

 (c)    construe and interpret the Plan and the Awards granted hereunder,
establish, amend and revoke rules and regulations for the administration of the Plan, including, but not limited to, correcting any defect or supplying any omission, or reconciling any inconsistency in the Plan or in any Agreement, in the manner and
to the extent it shall deem necessary or advisable, including so that the Plan and the operation of the Plan comply with Rule 16b-3 under the Exchange Act, the Code to the extent applicable and other
applicable law, and otherwise make the Plan fully effective. Without limiting the Committee’s authority under this Plan, but subject to any express limitations herein, the Committee shall have the authority to accelerate the exercisability or
vesting of an Award, to extend the term or waive early termination provisions of an Award (subject to the maximum ten-year term under Section 5.3), and to waive the Company’s rights with respect to
an Award or restrictive conditions of an Award (including forfeiture conditions), in any case in such circumstances as the Committee deems appropriate. All decisions and determinations by the Committee in the exercise of this power shall be final,
binding and conclusive upon the Company, its Subsidiaries, the Grantees, and all other persons having any interest therein; 

(d)    determine whether, to what extent and under what circumstances and method or methods Shares, other securities or
other Awards, and other amounts payable with respect to an Award may be deferred; 
 (e)    determine the duration and
purposes for leaves of absence which may be granted to a Grantee on an individual basis without constituting a termination of employment or service for purposes of the Plan; 

(f)    exercise its discretion with respect to the powers and rights granted to it as set forth in the Plan; and 

(g)    generally, exercise such powers and perform such acts as are deemed necessary or advisable to promote the best
interests of the Company with respect to the Plan. 
 3.4    Delegation. The Committee may delegate to one or
more officers of the Company the authority to grant Awards to Eligible Individuals (other than to himself or herself) and/or determine the number of Shares subject to each Award (by resolution that specifies the total number of Shares subject to the
Awards that may be awarded by the officer and the terms of any such Awards), provided that such delegation is made in accordance with the Delaware General Corporation Law and with respect to Awards that are not intended to qualify as
Performance-Based Compensation and that are not made to executive officers of the Company covered by Rule 16b-3 under the Exchange Act. 

 

	4.	 Shares Subject to the Plan; Grant Limitations. 

4.1    Shares Subject to the Plan. The maximum number of Shares that may be made the subject of Awards granted under
the Plan is 8,400,000 Shares. The Company shall reserve for the purposes of the Plan, out of its authorized but unissued Shares or out of Shares held in the Company’s treasury, or partly out of each, such number of Shares as shall be determined
by the Board. 

  
 9 

 4.2    Grant Limitations. The following grant limitations shall
apply when making Awards pursuant to the Plan: 
 (a)    In any calendar year, no Eligible Individual may be granted
Awards in the aggregate in respect of more than 1,000,000 Shares, 
 (b)    In any calendar year, no Non-Employee Director may be granted Awards in the aggregate in respect of more than 100,000 Shares, and the maximum grant date fair value of all Awards granted during any calendar year to a single Non-Employee Director shall not exceed $1,000,000, and 
 (c)    In no event shall
more than an aggregate of 100,000 Shares be issued upon the exercise of Incentive Stock Options granted under the Plan. 

4.3    Fungible Plan Design. Upon the granting of an Award, the number of Shares available under Section 4.1
for the granting of further Awards shall be reduced as follows: 
 (a)    In connection with the granting of an Option
or a Stock Appreciation Right to be settled in Shares, the number of Shares shall be reduced by the number of Shares in respect of which the Award is granted or denominated, regardless of the actual number of Shares issued upon settlement of the
Award. 
 (b)    In connection with the granting of an Award in the form of Restricted Stock (including Restricted Stock
Units), Performance Awards (including Shares issued in respect to Performance Awards), and other Awards that are granted as “full value awards” shall reduce the number of shares that may be the subject to Awards under the Plan by 1.5
Shares for each Share subject to such an Award. 
 4.4    Shares Returned to the Plan. Whenever any outstanding
Award or portion thereof expires, is canceled, is forfeited, is settled in cash or is otherwise terminated for any reason without having been exercised or payment having been made in respect of the Award (or such portion thereof to which the
expiration, forfeiture, cash settlement or other termination occurs), the Shares allocable to the expired, canceled, forfeited, cash-settled or otherwise terminated portion of the Award may again be the subject of Awards granted hereunder. With
regard to Awards referred to in Section 4.3(b), for each Share subject to an Award that is cancelled, forfeited, settled in cash or other otherwise terminated as provided in the foregoing sentence, 1.5 Shares may again be the subject of Awards
under the Plan. Notwithstanding the foregoing, the following events shall not result in any increase in Shares available for issuance of Awards under the Plan or such Shares again becoming available for issuance of Awards: 

(a)    Withholding of Shares to pay the exercise price or Withholding Taxes on any Award, 

(b)    The excess of the number of Shares subject to any stock-settled Stock Appreciation Rights over the number of Shares
actually issued in settlement thereof, 

  
 10 

 (c)    Tendering of Shares to pay for Option exercise prices or
Withholding Taxes (i.e., net settlement of Shares), and 
 (d)    The purchase of Shares on the open market as a result
of Option exercises. 
 4.5    Minimum Vesting Period. Unless otherwise determined by the Committee, in no event
shall an Award to a Participant other than a Non-Employee Director and not subject to performance-based conditions have a vesting schedule resulting in such Award vesting in full prior to the third anniversary
of the grant date. For purposes of clarity, this restriction will not prohibit any Award from having partial vesting dates prior to the third anniversary of the grant date in accordance with a proportionate vesting schedule determined at the
discretion of the Committee, so long as such Award does not vest in full prior to the third anniversary of the grant date. 
  

	5.	 Option Grants for Eligible Individuals. 

5.1    Authority of Committee. Subject to the provisions of the Plan, the Committee shall have full and final
authority to select those Eligible Individuals who will receive Options, and the terms and conditions of the grant to such Eligible Individuals shall be set forth in an Agreement. Incentive Stock Options may be granted only to Eligible Individuals
who are employees of the Company or any Subsidiary. 
 5.2    Exercise Price. The purchase price or the manner in
which the exercise price is to be determined for Shares under each Option shall be determined by the Committee and set forth in the Agreement; provided, however, that the exercise price per Share under each Non-qualified Stock Option and each
Incentive Stock Option shall not be less than 100% of the Fair Market Value of a Share on the date the Option is granted (110% in the case of an Incentive Stock Option granted to a Ten-Percent Stockholder).

 5.3    Maximum Duration. Options granted hereunder shall be for such term as the Committee shall determine,
provided that an Incentive Stock Option shall not be exercisable after the expiration of ten (10) years from the date it is granted (five (5) years in the case of an Incentive Stock Option granted to a
Ten-Percent Stockholder) and a Non-qualified Stock Option shall not be exercisable after the expiration of ten (10) years from the date it is granted; provided,
however, that unless the Committee provides otherwise, an Option (other than an Incentive Stock Option) may, upon the death of the Optionee prior to the expiration of the Option, be exercised for up to one (1) year following the date of the
Optionee’s death even if such period extends beyond ten (10) years from the date the Option is granted. The Committee may, subsequent to the granting of any Option, extend the term thereof, but in no event shall the term as so extended
exceed the maximum term provided for in the preceding sentence. 
 5.4    Vesting. Subject to Section 5.10,
each Option shall become exercisable in such installments (which need not be equal) and at such times as may be designated by the Committee and set forth in the Agreement. To the extent not exercised, installments shall accumulate and be
exercisable, in whole or in part, at any time after becoming exercisable, but not later than the date the Option expires. The Committee may accelerate the exercisability of any Option or portion thereof at any time. 

  
 11 

 5.5    Deferred Delivery of Option Shares. The Committee may, in
its discretion, permit Optionees to elect to defer the issuance of Shares upon the exercise of one or more Non-qualified Stock Options granted pursuant to the Plan. The terms and conditions of such deferral shall be determined at the time of the
grant of the Option or thereafter and shall be set forth in the Agreement evidencing the Option. 

5.6    Limitations on Incentive Stock Options. To the extent that the aggregate Fair Market Value (determined as of
the date of the grant) of Shares with respect to which Incentive Stock Options granted under the Plan are exercisable by an Optionee for the first time during any calendar year exceeds $100,000, such Incentive Stock Options shall be treated as
Non-qualified Stock Options. In applying the limitation in the preceding sentence in the case of multiple Option grants, Options which were intended to be Incentive Stock Options shall be treated as Non-qualified Stock Options according to the order
in which they were granted such that the most recently granted Options are first treated as Non-qualified Stock Options. 

5.7    Non-Transferability. No Option shall be transferable by the Optionee
otherwise than by will or by the laws of descent and distribution or, in the case of an Option other than an Incentive Stock Option, pursuant to a domestic relations order (within the meaning of Rule 16a-12
promulgated under the Exchange Act), and an Option shall be exercisable during the lifetime of such Optionee only by the Optionee or his or her guardian or legal representative. Notwithstanding the foregoing, the Committee may set forth in the
Agreement evidencing an Option (other than an Incentive Stock Option), at the time of grant or thereafter, that the Option may be transferred to members of the Optionee’s immediate family, to trusts solely for the benefit of such immediate
family members, to entities described in Section 501(c)(3) of the Code and to partnerships in which such family members, trusts and/or such exempt entities are the only partners, and for purposes of this Plan, a transferee of an Option shall be
deemed to be the Optionee. For this purpose, immediate family means the Optionee’s spouse, parents, children, stepchildren and grandchildren and the spouses of such parents, children, stepchildren and grandchildren. The terms of an Option shall
be final, binding and conclusive upon the beneficiaries, executors, administrators, heirs and successors of the Optionee. 

5.8    Method of Exercise. The exercise of an Option shall be made by a written notice delivered in person or by
mail to the Secretary of the Company at the Company’s principal executive office, specifying the number of Shares to be exercised and, to the extent applicable, accompanied by payment therefor and otherwise in accordance with the Agreement
pursuant to which the Option was granted, or by such other methods as may be provided by the Committee. The exercise price for any Shares purchased pursuant to the exercise of an Option shall be paid in either of the following forms (a) cash or
(b) the transfer, either actually or by attestation, to the Company of Shares owned by the Optionee prior to the exercise of the Option, such transfer to be upon such terms and conditions as determined by the Committee or (c) a combination
of cash and the transfer of Shares; provided, however, that the Committee may determine at any time that the exercise price shall be paid only in cash. In addition, Options may be exercised through a registered broker-dealer or directly with
the Company pursuant to such cashless exercise procedures which are, from time to time, deemed acceptable by the Committee. Any Shares transferred to the Company as payment of the exercise price under an Option shall be valued at their Fair Market
Value on the day of exercise of such Option. If requested by the Committee, the Optionee shall deliver the Agreement evidencing the Option to the Secretary of the Company who shall endorse thereon a notation of such exercise and return such
Agreement to the Optionee. The Committee shall determine the extent to which fractional Shares may be issued. 

  
 12 

 5.9    Rights of Optionees. No Optionee shall be deemed for any
purpose to be the owner of any Shares subject to any Option unless and until (a) the Option shall have been exercised pursuant to the terms thereof, (b) the Company shall have issued and delivered Shares to the Optionee, and (c) the
Optionee’s name shall have been entered as a stockholder of record on the books of the Company or otherwise evidenced by a “book entry” (i.e., a computerized or manual entry) in the records of the Company or its designated agent.
Thereupon, the Optionee shall have full voting, dividend and other ownership rights with respect to such Shares, subject to such terms and conditions as may be set forth in the applicable Agreement. 

5.10    Effect of Change in Control. Section 13(b) shall control the treatment of any Options outstanding at
the time of a Change in Control. Except as otherwise provided by the Committee, any Options that are exercisable as of a Change in Control shall remain exercisable for a period ending not before the earlier of (x) the six (6) month
anniversary of the Change in Control or (y) the expiration of the stated term of the Option. 
  

	6.	 Stock Appreciation Rights. 

The Committee may in its discretion, either alone or in connection with the grant of an Option, grant Stock Appreciation Rights in accordance
with the Plan, the terms and conditions of which shall be set forth in an Agreement. If granted in connection with an Option, a Stock Appreciation Right shall cover the same Shares covered by the Option (or such lesser number of Shares as the
Committee may determine) and shall, except as provided in this Section 6, be subject to the same terms and conditions as the related Option. 

6.1    Time of Grant. A Stock Appreciation Right may be granted (a) at any time if unrelated to an Option, or
(b) if related to an Option, either at the time of grant or at any time thereafter during the term of the Option. 

6.2    Stock Appreciation Right Related to an Option. 

(a)    Exercise. A Stock Appreciation Right granted in connection with an Option shall be exercisable at such time
or times and only to the extent that the related Option is exercisable, will not be transferable except to the extent the related Option may be transferable, and will have a Grant Price equal to the exercise price of the related Option. A Stock
Appreciation Right granted in connection with an Incentive Stock Option shall be exercisable only if the Fair Market Value of a Share on the date of exercise exceeds the exercise price specified in the related Incentive Stock Option Agreement. In no
event shall a Stock Appreciation Right related to an Option have a term of greater than ten (10) years. 

(b)    Amount Payable. Upon the exercise of a Stock Appreciation Right related to an Option, the Grantee shall be
entitled to receive an amount determined by multiplying (i) the excess of the Fair Market Value of a Share on the date of exercise of such Stock Appreciation Right over the Grant Price of the Stock Appreciation Right, by (ii) the number of
Shares as to which such Stock Appreciation Right is being exercised. Notwithstanding the foregoing, the Committee may limit in any manner the amount payable with respect to any Stock Appreciation Right by including such a limit in the Agreement
evidencing the Stock Appreciation Right at the time it is granted. 

  
 13 

 (c)    Treatment of Related Options and Stock Appreciation Rights
Upon Exercise. Upon the exercise of a Stock Appreciation Right granted in connection with an Option, the Option shall be canceled to the extent of the number of Shares as to which the Stock Appreciation Right is exercised, and upon the exercise
of an Option granted in connection with a Stock Appreciation Right, the Stock Appreciation Right shall be canceled to the extent of the number of Shares as to which the Option is exercised or surrendered. 

6.3    Stock Appreciation Right Unrelated to an Option. The Committee may grant to Eligible Individuals Stock
Appreciation Rights unrelated to Options. Stock Appreciation Rights unrelated to Options shall contain such terms and conditions as to exercisability (subject to Section 6.7), vesting and duration as the Committee shall determine, but in no
event shall they have a term of greater than ten (10) years. The Committee shall establish the Grant Price at the time each Stock Appreciation Right unrelated to an Option is granted, which shall not be less than the Fair Market Value of a
Share on the date the Stock Appreciation Right is granted. Upon exercise of a Stock Appreciation Right unrelated to an Option, the Grante shall be entitled to receive an amount determined by multiplying (a) the excess of the Fair Market Value
of a Share on the date of exercise of such Stock Appreciation Right over the Grant Price of the Stock Appreciation Right, by (b) the number of Shares as to which the Stock Appreciation Right is being exercised. Notwithstanding the foregoing,
the Committee may limit in any manner the amount payable with respect to any Stock Appreciation Right by including such a limit in the Agreement evidencing the Stock Appreciation Right at the time it is granted. 

6.4    Non-Transferability. No Stock Appreciation Right shall be
transferable by the Grantee otherwise than by will or by the laws of descent and distribution or pursuant to a domestic relations order (within the meaning of Rule 16a-12 promulgated under the Exchange Act),
and such Stock Appreciation Right shall be exercisable during the lifetime of such Grantee only by the Grantee or his or her guardian or legal representative; provided, that the Committee may provide limited transferability provisions with respect
to Stock Appreciation Rights similar to those described in Section 5.7. The terms of such Stock Appreciation Right shall be final, binding and conclusive upon the beneficiaries, executors, administrators, heirs and successors of the Grantee.

 6.5    Method of Exercise. Stock Appreciation Rights shall be exercised by a Grantee by a written notice
delivered in person or by mail to the Secretary of the Company at the Company’s principal executive office, specifying the number of Shares with respect to which the Stock Appreciation Right is being exercised, or by any other method permitted
by the Committee. If requested by the Committee, the Grantee shall deliver the Agreement evidencing the Stock Appreciation Right being exercised and the Agreement evidencing any related Option to the Secretary of the Company who shall endorse
thereon a notation of such exercise and return such Agreement to the Grantee. 
 6.6    Form of Payment. Payment
of the amount determined under Sections 6.2(b) or 6.3 may be made in the discretion of the Committee solely in whole Shares in a number determined at their Fair Market Value on the date of exercise of the Stock Appreciation Right, or solely in

  
 14 

 
cash, or in a combination of cash and Shares. Unless otherwise determined by the Committee, if the amount payable in Shares results in a fractional Share, payment for the fractional Share will be
made in cash. 
 6.7    Effect of Change in Control. Section 13(b) shall control the treatment of any Stock
Appreciation Rights outstanding at the time of a Change in Control. Except as otherwise provided by the Committee, any Stock Appreciation Rights that are exercisable as of a Change in Control shall remain exercisable for a period ending not before
the earlier of (x) the six (6) month anniversary of the Change in Control or (y) the expiration of the stated term of the Stock Appreciation Right. 
  

	7.	 Limitations on Repricing. 

Notwithstanding anything in the Plan to the contrary, except as permitted or required by the provisions of Sections 12 or 13 hereof, the
Committee shall not have the power to (i) lower the Option Price of an Option after it is granted, (ii) lower the Grant Price of a Stock Appreciation Right after it is granted, (iii) cancel an Option when the exercise price thereof
exceeds the Fair Market Value of the underlying Shares in exchange for cash or another Award or grant substitute Options with a lower exercise price than the cancelled Options, (iv) cancel a Stock Appreciation Right when the Grant Price exceeds
the Fair Market Value of the underlying Shares in exchange for cash or another Award, or (v) take any other action with respect to an Option or Stock Appreciation Right that would be treated as a repricing under the rules and regulations of the
principal securities exchange on which the Shares are traded, in each case without the approval of the Company’s stockholders. 
  

	8.	 Restricted Stock and Restricted Stock Units. 

8.1    Restricted Stock. The Committee may grant Awards to Eligible Individuals of Restricted Stock, which shall be
evidenced by an Agreement between the Company and the Grantee. Each Agreement shall contain such restrictions, terms and conditions as the Committee may, in its discretion, determine and (without limiting the generality of the foregoing) such
Agreements may require that an appropriate legend be placed on Share certificates, if any. The Committee may, in its discretion, provide that a Participant’s ownership of Restricted Stock prior to the lapse of any transfer restrictions or any
other applicable restrictions shall, in lieu of such certificates, be evidenced by a “book entry” (i.e., a computerized or manual entry) in the records of the Company or its designated agent in the name of the Participant who has received
such Award, and confirmation and account statements sent to the Participant with respect to such book entry Shares may bear the restrictive legend referenced in the preceding sentence. Such records of the Company or such agent shall, absent manifest
error, be binding on all Participants who receive Restricted Stock Awards evidenced in such manner. Awards of Restricted Stock shall be subject to the terms and provisions set forth below in this Section 8.1. 

(a)    Rights of Grantee. Subject to the foregoing provisions concerning book entry issuance and deferral of
receipt of Shares, Shares of Restricted Stock granted pursuant to an Award hereunder shall be issued in the name of the Grantee as soon as reasonably practicable after the Award is granted provided that the Grantee has executed an Agreement
evidencing the Award, the appropriate blank stock powers and, in the discretion of the Committee, an escrow 

  
 15 

 
agreement and any other documents which the Committee may require as a condition to the issuance of such Shares. If a Grantee shall fail to execute the Agreement evidencing a Restricted Stock
Award, or any documents which the Committee may require within the time period prescribed by the Committee at the time the Award is granted, the Award shall be null and void. At the discretion of the Committee, Shares issued in connection with a
Restricted Stock Award shall be deposited together with the stock powers with an escrow agent (which may be the Company) designated by the Committee. Unless the Committee determines otherwise and as set forth in the Agreement, upon delivery of the
Shares to the escrow agent, the Grantee shall have all of the rights of a stockholder with respect to such Shares, including the right to vote the Shares and to receive all dividends or other distributions paid or made with respect to the Shares.

 (b)    Non-Transferability. Until all restrictions upon the Shares of
Restricted Stock awarded to a Grantee shall have lapsed in the manner set forth in Section 8.1(c), such Shares shall not be sold, transferred or otherwise disposed of and shall not be pledged or otherwise hypothecated other than pursuant to the
laws of descent and distribution. 
 (c)    Lapse of Restrictions. 

(i)     Generally. Restrictions upon Shares of Restricted Stock awarded hereunder shall lapse at
such time or times and on such terms and conditions as the Committee may determine. The Agreement evidencing the Award shall set forth any such restrictions. 

(ii)     Effect of Change in Control. Section 13(b) shall control the treatment of any Shares
of Restricted Stock then outstanding in the event of a Change in Control. 
 (d)    Treatment of Dividends. At
the time an Award of Shares of Restricted Stock is granted, the Committee may, in its discretion, determine that the payment to the Grantee of dividends, or a specified portion thereof, declared or paid on such Shares by the Company shall be
(a) deferred until the lapsing of the restrictions imposed upon such Shares and (b) held by the Company for the account of the Grantee until such time. In the event that dividends are to be deferred, the Committee shall determine whether
such dividends are to be reinvested in Shares (which shall be held as additional Shares of Restricted Stock) or held in cash. If deferred dividends are to be held in cash, there may be credited at the end of each year (or portion thereof) interest
on the amount of the account at the beginning of the year at a rate per annum as the Committee, in its discretion, may determine. Payment of deferred dividends in respect of Shares of Restricted Stock (whether held in cash or as additional Shares of
Restricted Stock), together with interest accrued thereon, if any, shall be made upon the lapsing of restrictions imposed on the Shares in respect of which the deferred dividends were paid, and any dividends deferred (together with any interest
accrued thereon) in respect of any Shares of Restricted Stock shall be forfeited upon the forfeiture of such Shares. 

(e)    Delivery of Shares. Upon the lapse of the restrictions on Shares of Restricted Stock, the Committee shall
cause a stock certificate to be delivered to the Grantee with respect to such Shares, free of all restrictions hereunder (or, in the case of book entry Shares, such restrictions and legend shall be removed from the confirmation and account

  
 16 

 
statements delivered to the Participant or the Participant’s beneficiary or estate, as the case may be, in book-entry form); provided that the Committee may permit a Grantee to elect to
defer receipt of all or any portion of Shares that would otherwise be due to such Grantee. 
 (f)    Restricted Stock
Deferral. If Grantee is eligible, and if Grantee has made the appropriate election, to defer all or a portion of the Restricted Stock awarded hereunder, then the Shares that would otherwise vest in accordance with the terms of this Plan and/or
the Award Agreement are subject to such election, instead of being delivered to Grantee, shall be credited to a general bookkeeping account and distributed in accordance with the terms of Grantee’s deferral election. 

8.2    Restricted Stock Units. The Committee may grant to Eligible Individuals Awards of Restricted Stock Units,
which shall be evidenced by an Agreement. Each such Agreement shall contain such restrictions, terms and conditions as the Committee may, in its discretion, determine. Awards of Restricted Stock Units shall be subject to the terms and provisions set
forth below in this Section 8.2. 
 (a)    Payment of Awards. Each Restricted Stock Unit shall represent the
right of a Grantee to receive a payment upon vesting of the Restricted Stock Unit or on any later date specified by the Committee equal to the Fair Market Value of a Share as of the date the Restricted Stock Unit was granted, the vesting date or
such other date as determined by the Committee at the time the Restricted Stock Unit was granted; provided that the Committee may permit a Grantee to elect to defer receipt of all or any portion of any payment of cash or Shares that would otherwise
be due to such Grantee in payment or settlement of any Award of Restricted Stock Units. The Committee may, at the time a Restricted Stock Unit is granted, provide a limitation on the amount payable in respect of each Restricted Stock Unit and may
provide for Dividend Equivalent Rights with respect to such Award; provided, that no Dividend Equivalent Rights shall be paid except to the extent the underlying Restricted Stock Unit is paid or settled. The Committee may provide for the settlement
of Restricted Stock Units in cash or with Shares having a Fair Market Value equal to the payment to which the Grantee has become entitled. 

(b)    Non-Transferability. Until all restrictions upon Restricted Stock
Units awarded to a Grantee shall have lapsed in the manner set forth in this Section 8.2, such Restricted Stock Units shall not be sold, transferred or otherwise disposed of and shall not be pledged or otherwise hypothecated other than pursuant
to the laws of descent and distribution. 
 (c)    Effect of Change in Control. Section 13(b) shall control
the treatment of any Restricted Stock Units then outstanding in the event of a Change in Control. 
  

	9.	 Performance Awards. 

9.1    Performance Units. The Committee, in its discretion, may grant Awards of Performance Units to Eligible
Individuals, the terms and conditions of which shall be set forth in an Agreement between the Company and the Grantee; provided that no Eligible Individual may be granted Performance Awards in the aggregate in respect of more than 1,000,000 Shares
with respect to any calendar year. Contingent upon the attainment of specified Performance 

  
 17 

 
Objectives within the Performance Cycle, Performance Units represent the right to receive payment as provided in Section 9.1(b) of (i) the Fair Market Value of a Share on the date the
Performance Unit was granted, the date the Performance Unit became vested or any other date specified by the Committee or (ii) a percentage (which may be more than 100%) of the amount described in clause (i) depending on the level of
Performance Objective attainment; provided, however, that the Committee may at the time a Performance Unit is granted specify a maximum amount payable in respect of a vested Performance Unit. Each Agreement shall specify the number of
Performance Units to which it relates, the Performance Objectives which must be satisfied in order for the Performance Units to vest and the Performance Cycle within which such Performance Objectives must be satisfied. At the time a Performance Unit
is granted, the Committee may provide for Dividend Equivalent Rights with respect to such Award; provided, that no Dividend Equivalent Rights shall be paid except to the extent the underlying Performance Unit is paid or settled. 

(a)    Vesting and Forfeiture. Subject to Sections 9.3(c) and 9.4, a Grantee shall become vested with respect to
the Performance Units to the extent that the Performance Objectives set forth in the Agreement are satisfied for the Performance Cycle. 

(b)    Non-Transferability. Until all restrictions upon Performance Units
awarded to a Grantee shall have lapsed in the manner set forth in this Section 9.1, such Performance Units shall not be sold, transferred or otherwise disposed of and shall not be pledged or otherwise hypothecated other than pursuant to the
laws of descent and distribution. 
 (c)    Payment of Awards. Subject to Section 9.3(c), payment to
Grantees in respect of vested Performance Units shall be made as soon as practicable after the last day of the Performance Cycle to which such Award relates unless the Agreement evidencing the Award provides for the deferral of payment, in which
event the terms and conditions of the deferral shall be set forth in the Agreement. Subject to Section 9.4, such payments may be made entirely in Shares valued at their Fair Market Value, entirely in cash, or in such combination of Shares and
cash as the Committee in its discretion shall determine at any time prior to such payment, provided, however, that if the Committee in its discretion determines to make such payment entirely or partially in Shares of Restricted Stock, the
Committee must determine the extent to which such payment will be in Shares of Restricted Stock and the terms of such Restricted Stock at the time the Award is granted. 

9.2    Performance Shares. The Committee, in its discretion, may grant Awards of Performance Shares to Eligible
Individuals, the terms and conditions of which shall be set forth in an Agreement between the Company and the Grantee. Awards of Performance Shares shall be subject to the following terms and provisions: 

(a)    Rights of Grantee. The Committee shall provide at the time an Award of Performance Shares is made the time
or times at which the actual Shares represented by such Award shall be issued in the name of the Grantee; provided, however, that no Performance Shares shall be issued until the Grantee has executed an Agreement evidencing the Award, the
appropriate blank stock powers and, in the discretion of the Committee, an escrow agreement and any other documents which the Committee may require as a condition to the issuance of such Performance Shares. If a Grantee shall fail to execute the
Agreement evidencing an Award 

  
 18 

 
of Performance Shares, the appropriate blank stock powers and, in the discretion of the Committee, an escrow agreement and any other documents which the Committee may require within the time
period prescribed by the Committee at the time the Award is granted, the Award shall be null and void. At the discretion of the Committee, Shares issued in connection with an Award of Performance Shares shall be deposited together with the stock
powers with an escrow agent (which may be the Company) designated by the Committee. Alternatively, the Committee may, in its discretion, provide that Performance Shares shall be evidenced by the book entry procedures set forth in Section 8.1.
Except as restricted by the terms of the Agreement, upon delivery of the Shares to the escrow agent, or the book entry of such Shares, the Grantee shall have, in the discretion of the Committee, all of the rights of a stockholder with respect to
such Shares, including the right to vote the Shares and to receive all dividends or other distributions paid or made with respect to the Shares. 

(b)    Non-Transferability. Until any restrictions upon the Performance
Shares awarded to a Grantee shall have lapsed in the manner set forth in Section 9.2(c) or 9.4, such Performance Shares shall not be sold, transferred or otherwise disposed of and shall not be pledged or otherwise hypothecated other than
pursuant to the laws of descent and distribution, nor shall they be delivered to the Grantee . The Committee may also impose such other restrictions and conditions on the Performance Shares, if any, as it deems appropriate. 

(c)    Lapse of Restrictions. Subject to Sections 9.3(c) and 9.4, restrictions upon Performance Shares awarded
hereunder shall lapse and such Performance Shares shall become vested at such time or times and on such terms, conditions and satisfaction of Performance Objectives as the Committee may, in its discretion, determine at the time an Award is granted.

 (d)    Treatment of Dividends. The payment to the Grantee of dividends declared or paid on Shares represented
by an Award of Performance Shares which have been issued by the Company to the Grantee shall be deferred until the lapsing of the restrictions imposed upon such Performance Shares and held by the Company or its agent for the account of the Grantee
until such time. The Committee shall determine whether such dividends are to be reinvested in shares of Stock (which shall be held as additional Performance Shares) or held in cash. If deferred dividends are to be held in cash, there may be credited
at the end of each year (or portion thereof) interest on the amount of the account at the beginning of the year at a rate per annum as the Committee, in its discretion, may determine. Payment of deferred dividends in respect of Performance Shares
(whether held in cash or in additional Performance Shares), together with interest accrued thereon, if any, shall be made upon the lapsing of restrictions imposed on the Performance Shares in respect of which the deferred dividends were paid, and
any dividends deferred (together with any interest accrued thereon) in respect of any Performance Shares shall be forfeited upon the forfeiture of such Performance Shares. 

(e)    Delivery of Shares. Upon the lapse of the restrictions on Performance Shares awarded hereunder, the
Committee shall cause a stock certificate to be delivered to the Grantee with respect to such Shares, free of all restrictions hereunder, or in the case of book entry Shares, such restrictions and legend shall be removed from the confirmation and
account statements delivered to the Participant or the Participant’s beneficiary or estate, as the case may be, in book entry form. 

  
 19 

 9.3    Performance Objectives. 

(a)    Establishment. Performance Objectives for Performance Awards may be expressed in terms of (i) earnings
per Share, (ii) net revenue, (iii) adjusted EBITDA (iv) Share price, (v) pre-tax profits, (vi) net earnings, (vii) return on equity or assets, (viii) operating income,
(ix) EBITDA margin, (x) EBITDA margin improvement, (xi) bad debt expense, (xii) cash receipts, (xiii) uncompensated care expense, (xiv) days in net revenue in net patient accounts receivable, (xv) gross income,
(xvi) net income (before or after taxes), (xvii) cash flow; (xviii) gross profit, (xix) gross profit return on investment, (xx) gross margin return on investment, (xxi) gross margin; (xxii) operating margin,
(xxiii) working capital, (xxiv) earnings before interest and taxes, (xxv) return on capital, (xxvi) return on invested capital, (xxvii) revenue growth, (xxviii) annual recurring revenues, (xxix) recurring revenues,
(xxx) total shareholder return, (xxxi) economic value added, (xxxii) specified objectives with regard to limiting the level of increase in all or a portion of the Company’s bank debt or other long-term or short-term public or
private debt or other similar financial obligations of the Company, which may be calculated net of cash balances and/or other offsets and adjustments as may be established by the Committee in its sole discretion, (xxxiii) reduction in operating
expenses, or (xxxiv) any combination of the foregoing. Performance Objectives may be in respect of the performance of the Company, any of its Subsidiaries, any of its Divisions or any combination thereof. Performance Objectives may be absolute
or relative (to prior performance of the Company or to the performance of one or more other entities or external indices) and may be expressed in terms of a progression within a specified range. The Performance Objectives with respect to a
Performance Cycle shall be established in writing by the Committee by the earlier of (x) the date on which a quarter of the Performance Cycle has elapsed or (y) the date which is ninety (90) days after the commencement of the
Performance Cycle, and in any event while the performance relating to the Performance Objectives remain substantially uncertain. 

(b)    Effect of Certain Events. At the time of the granting of a Performance Award, or at any time thereafter, in
either case to the extent permitted under Section 162(m) of the Code and the regulations thereunder without adversely affecting the treatment of the Performance Award as Performance-Based Compensation, the Committee may provide for the manner
in which performance will be measured against the Performance Objectives (or may adjust the Performance Objectives) to reflect the impact of specified corporate transactions, accounting or tax law changes, items that are unusual in nature or
infrequently occurring, other extraordinary or nonrecurring events or any other event either not directly related to the operations of the Company or not within the reasonable control of the Company’s management. 

(c)    Determination of Performance. Prior to the vesting, payment, settlement or lapsing of any restrictions with
respect to any Performance Award that is intended to constitute Performance-Based Compensation made to a Grantee who is subject to Section 162(m) of the Code, the Committee shall certify in writing that the applicable Performance Objectives
have been satisfied to the extent necessary for such Award to qualify as Performance Based Compensation. 

9.4    Effect of Change in Control. Section 13(b) shall control the treatment of any Performance Units then
outstanding in the event of a Change in Control. 

  
 20 

	10.	 Share Awards. 

The Committee may grant a Share Award to any Eligible Individual on such terms and conditions as the Committee may determine in its sole
discretion. Share Awards may be made as additional compensation for services rendered by the Eligible Individual or may be in lieu of cash or other compensation to which the Eligible Individual is entitled from the Company. 

 

	11.	 Effect of a Termination of Employment. 

The Agreement evidencing the grant of each Award shall set forth the terms and conditions applicable to such Award upon a termination or change
in the status of the employment of the Grantee by the Company, a Subsidiary or a Division (including a termination or change by reason of the sale of a Subsidiary or a Division), which shall be as the Committee may, in its discretion, determine at
the time the Award is granted or thereafter. 
  

	12.	 Adjustment Upon Changes in Capitalization. 

In the event of a Change in Capitalization, the Committee shall conclusively determine the appropriate adjustments to (i) the maximum
number and class of Shares or other stock or securities with respect to which Awards may be granted under the Plan, (ii) the number and class of Shares or other stock or securities which are subject to outstanding Awards granted under the Plan
and the exercise price therefor, if applicable, and (iii) the Performance Objectives. 
 Any such adjustment in the Shares or other
stock or securities (a) subject to outstanding Incentive Stock Options (including any adjustments in the exercise price) shall be made in such manner as not to constitute a modification as defined by Section 424(h)(3) of the Code and only
to the extent permitted by Sections 422 and 424 of the Code or (b) subject to outstanding Awards that are intended to qualify as Performance-Based Compensation shall be made in such a manner as not to adversely affect the treatment of the
Awards as Performance-Based Compensation. In addition, (a) no adjustment to any Award that is not subject to Section 409A of the Code shall be made in a manner that would subject the Award to Section 409A of the Code and (b) any
adjustment to an Award that is subject to Section 409A of the Code shall be made only in a manner and to the extent permitted by Section 409A of the Code. If, by reason of a Change in Capitalization, a Grantee of an Award shall be entitled
to, or an Optionee shall be entitled to exercise an Option with respect to, new, additional or different shares of stock or securities of the Company or any other corporation, such new, additional or different shares shall thereupon be subject to
all of the conditions, restrictions and performance criteria which were applicable to the Shares subject to the Award or Option, as the case may be, prior to such Change in Capitalization. 

 

	13.	 Effect of Certain Transactions; Effect of Change in Control. 

(a)    Effect of Certain Transactions. Subject to Sections 5.10, 6.7, 8.2(b) and 9.4 or as otherwise provided in an
Agreement, in the event of (a) the liquidation or dissolution of the Company or (b) a merger or consolidation of the Company (a “Transaction”), the Plan and the Awards issued hereunder shall continue in effect in accordance with
their respective terms, except that following a Transaction either (i) each outstanding Award shall be treated as provided for in the agreement entered into in connection with the Transaction or (ii) if not so

  
 21 

 
provided in such agreement, each Grantee shall be entitled to receive in respect of each Share subject to any outstanding Awards, as the case may be, upon exercise of any Option or Stock
Appreciation Right or payment or transfer in respect of any Award, the same number and kind of stock, securities, cash, property or other consideration that each holder of a Share was entitled to receive in the Transaction in respect of a Share;
provided, however, that such stock, securities, cash, property, or other consideration shall remain subject to all of the conditions, restrictions and performance criteria which were applicable to the Awards prior to such Transaction. For the
avoidance of doubt, the Committee may, without the consent of any Grantee, provide for the cancellation of outstanding Awards in connection with a Transaction in exchange for the payment in cash or property equal in value to the Fair Market Value of
the Shares underlying such Awards, less, in the case of Options (and Stock Appreciation Rights), the aggregate exercise price (or Grant Price) thereof; provided that Options with an aggregate exercise price that is equal to or in excess of
the aggregate Fair Market Value of the Shares underlying such Options, and Stock Appreciation Rights whose Grant Price is equal to or in excess of the Fair Market Value of a Share to which such Stock Appreciation Rights relate, may be cancelled in
connection with such Transaction without any consideration being paid in respect thereof. The treatment of any Award as provided in this Section 13(a) shall be conclusively presumed to be appropriate for purposes of Section 12. 

(b)    Effect of Change in Control. Notwithstanding any other provision of the Plan to the contrary, in the event
of a Change in Control, the following provisions of this Section 13(b) shall apply except to the extent an Award Agreement provides for a different treatment (in which case the Award Agreement shall govern and this Section 13(b) shall not
be applicable): 
 (i)    If and to the extent that outstanding Awards under the Plan (A) are
assumed by the successor corporation (or affiliate thereto) or continued or (B) are replaced with equity awards that preserve the existing value of the Awards at the time of the Change in Control and provide for subsequent payout in accordance
with a vesting schedule and Performance Objectives, as applicable, that are the same or more favorable to the Participants than the vesting schedule and Performance Objectives applicable to the Awards, then all such Awards or such substitutes
thereof shall remain outstanding and be governed by their respective terms and the provisions of the Plan, subject to Section 13(b)(iv) below. 

(ii)    If and to the extent that outstanding Awards under the Plan are not assumed, continued or replaced
in accordance with Section 13(b)(i) above, then upon the Change in Control the following treatment (referred to as “Change-in-Control Treatment”) shall
apply to such Awards: (A) outstanding Options and Stock Appreciation Rights shall immediately vest and become exercisable; (B) the restrictions and other conditions applicable to outstanding Restricted Shares, Restricted Stock Units and
Stock Awards, including vesting requirements, shall immediately lapse; such Awards shall be free of all restrictions and fully vested; and, with respect to Restricted Stock Units, shall be payable immediately in accordance with their terms or, if
later, as of the earliest permissible date under Code Section 409A; and (C) outstanding Performance Awards granted under the Plan shall immediately vest and shall become immediately payable in accordance with their terms as if the
Performance Objectives have been achieved at the target performance level. 

  
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 (iii)    If and to the extent that outstanding Awards
under the Plan are not assumed, continued or replaced in accordance with Section 13(b)(i) above, then in connection with the application of the Change-in-Control
Treatment set forth in Section 13(b)(ii) above, the Board may, in its sole discretion, provide for cancellation of such outstanding Awards at the time of the Change in Control in which case a payment of cash, property or a combination thereof
shall be made to each such Grantee upon the consummation of the Change in Control that is determined by the Board in its sole discretion and that is at least equal to the excess (if any) of the value of the consideration that would be received in
such Change in Control by the holders of the Company’s securities relating to such Awards over the exercise or purchase price (if any) for such Awards (except that, in the case of an Option or Stock Appreciation Right, such payment shall be
limited as necessary to prevent the Option or Stock Appreciation Right from being subject to the additional tax under Code Section 409A). 

(iv)    If and to the extent that (A) outstanding Awards are assumed, continued or replaced in
accordance with Section 13(b)(i) above and (B) a Grantee’s employment with, or performance of services for, the Company or any of its Subsidiaries or successors is terminated by the Company or such Subsidiary or successor for any
reasons other than Cause or by such Grantee for Good Reason, in each case, within the two-year period commencing on the Change in Control, then, as of the date of such Participant’s termination, the Change-in-Control Treatment set forth in Section 13(b)(ii) above shall apply to all assumed or replaced Awards of such Participant then outstanding. 

(v)    Outstanding Options or Stock Appreciation Rights that are assumed, continued or replaced in
accordance with Section 13(b)(i) may be exercised by the Grantee in accordance with the applicable terms and conditions of such Award as set forth in the applicable Agreement or elsewhere; provided, however, that Options or Stock Appreciation
Rights that become exercisable in accordance with Section 13(b)(iv) may be exercised until the expiration of the original full term of such Option or Stock Appreciation Right notwithstanding the other original terms and conditions of such
Award, to the extent allowed without such Option or Stock Appreciation Right becoming subject to the additional tax under Code Section 409A). 
  

	14.	 Interpretation. 

Following the required registration of any equity security of the Company pursuant to Section 12 of the Exchange Act: 

(a)    The Plan is intended to comply with Rule 16b-3 promulgated under the
Exchange Act and the Committee shall interpret and administer the provisions of the Plan or any Agreement in a manner consistent therewith. Any provisions inconsistent with such Rule shall be inoperative and shall not affect the validity of the
Plan. 
 (b)    Unless otherwise expressly stated in the relevant Agreement, each Option, Stock Appreciation Right and
Performance Award granted under the Plan is intended to be Performance-Based Compensation. The Committee shall not be entitled to exercise any discretion otherwise authorized hereunder with respect to such Awards if the ability to exercise such
discretion or the exercise of such discretion itself would cause the compensation attributable to such Awards to fail to qualify as Performance-Based Compensation. 

  
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 (c)    To the extent that any legal requirement of Section 16 of
the Exchange Act or Section 162(m) of the Code as set forth in the Plan ceases to be required under Section 16 of the Exchange Act or Section 162(m) of the Code, that Plan provision shall cease to apply. 

 

	15.	 Termination and Amendment of the Plan or Modification of Awards. 

15.1    Plan Amendment or Termination. The Plan shall terminate on the day preceding the tenth anniversary of the
Effective Date and no Award may be granted thereafter. The Board may sooner terminate the Plan and the Board may at any time and from time to time amend, modify or suspend the Plan; provided, however, that: 

(a)    no such amendment, modification, suspension or termination shall impair or adversely alter any Awards theretofore
granted under the Plan, except with the written consent of the Grantee, nor shall any amendment, modification, suspension or termination deprive any Grantee of any Shares which he or she may have acquired through or as a result of the Plan; and 

(b)    to the extent necessary under any applicable law, regulation or exchange requirement with which the Committee
determines it is necessary or desirable for the Company to comply, no amendment shall be effective unless approved by the stockholders of the Company in accordance with applicable law, regulation or exchange requirement. 

15.2    Modification of Awards. No modification of an Award shall adversely alter or impair any rights or
obligations under the Award without the written consent of the Grantee, as the case may be. 
  

	16.	 Non-Exclusivity of the Plan. 

The adoption of the Plan by the Board shall not be construed as amending, modifying or rescinding any previously approved incentive arrangement
or as creating any limitations on the power of the Board to adopt such other incentive arrangements as it may deem desirable, including, without limitation, the granting of stock options otherwise than under the Plan, and such arrangements may be
either applicable generally or only in specific cases. 
  

	17.	 Limitation of Liability. 

As illustrative of the limitations of liability of the Company, but not intended to be exhaustive thereof, nothing in the Plan shall be
construed to: 
 (a)    give any person any right to be granted an Award other than at the sole discretion of the
Committee; 
 (b)    give any person any rights whatsoever with respect to Shares except as specifically provided in the
Plan; 

  
 24 

 (c)    limit in any way the right of the Company or any Subsidiary to
terminate the employment of any person at any time; or 
 (d)    be evidence of any agreement or understanding,
expressed or implied, that the Company will employ any person at any particular rate of compensation or for any particular period of time. 
  

	18.	 Regulations and Other Approvals; Governing Law. 

18.1    Governing Law. Except as to matters of federal law, the Plan and the rights of all persons claiming
hereunder shall be construed and determined in accordance with the laws of the State of Delaware without giving effect to conflicts of laws principles thereof. 

18.2    Other Laws. The obligation of the Company to sell or deliver Shares with respect to Awards granted under
the Plan shall be subject to all applicable laws, rules and regulations, including all applicable federal and state securities laws, and the obtaining of all such approvals by governmental agencies as may be deemed necessary or appropriate by the
Committee. The Board may make such changes as may be necessary or appropriate to comply with the rules and regulations of any government authority, or to obtain for Eligible Individuals granted Incentive Stock Options the tax benefits under the
applicable provisions of the Code and regulations promulgated thereunder. Each Award is subject to the requirement that, if at any time the Committee determines, in its discretion, that the listing, registration or qualification of Shares issuable
pursuant to the Plan is required by 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 grant of an Award
or the issuance of Shares, no Awards shall be granted or payment made or Shares issued, in whole or in part, unless listing, registration, qualification, consent or approval has been effected or obtained free of any conditions as acceptable to the
Committee. 
 18.3    Securities Matters. Notwithstanding anything contained in the Plan or any Agreement to the
contrary, in the event that the disposition of Shares acquired pursuant to the Plan is not covered by a then current registration statement under the Securities Act of 1933, as amended (the “Securities Act”), and is not otherwise exempt
from such registration, such Shares shall be restricted against transfer to the extent required by the Securities Act and Rule 144 or other regulations thereunder. The Committee may require any individual receiving Shares pursuant to an Award
granted under the Plan, as a condition precedent to receipt of such Shares, to represent and warrant to the Company in writing that the Shares acquired by such individual are acquired without a view to any distribution thereof and will not be sold
or transferred other than pursuant to an effective registration thereof under the Securities Act or pursuant to an exemption applicable under the Securities Act or the rules and regulations promulgated thereunder. Any certificates evidencing any
such Shares shall be appropriately amended or have an appropriate legend placed thereon to reflect their status as restricted securities as aforesaid. 

18.4    Compliance With Section 409A. All Awards granted under the plan are intended either not
to be subject to Section 409A of the Code or, if subject to Section 409A of the Code, to be administered, operated and construed in compliance with Section 409A of the Code and any guidance issued thereunder. Notwithstanding this or
any other provision of the Plan to the 

  
 25 

 
contrary, the Committee may amend the Plan or any Award granted hereunder in any manner, or take any other action, that it determines, in its sole discretion, is necessary, appropriate or
advisable to cause the Plan or any Award granted hereunder to comply with Section 409A and any guidance issued thereunder. In the event that it is reasonably determined by the Board or Committee that, as a result of Section 409A of the
Code, payments in respect of any Award under the Plan may not be made at the time contemplated by the terms of the Plan or the relevant Agreement, as the case may be, without causing the Participant holding such Award to be subject to taxation under
Section 409A of the Code, the Company will make such payment on the first day that would not result in the Participant incurring any tax liability under Section 409A of the Code; which, if the Participant is a “specified
employee” within the meaning of the Section 409A, generally shall be the first day following the six-month period beginning on the date of Participant’s termination of employment. Any such
action, once taken, shall be deemed to be effective from the earliest date necessary to avoid a violation of Section 409A and shall be final, binding and conclusive on all Eligible Individuals and other individuals having or claiming any right
or interest under the Plan. Although the Company intends to administer the Plan so that Awards will be exempt from, or will comply with, the requirements of Section 409A of the Code, the Company does not warrant that any Award under the Plan
will qualify for favorable tax treatment under Section 409A of the Code or any other provision of federal, state, local or foreign law. The Company shall not be liable to any Participant for any tax, interest, or penalties that Participant
might owe as a result of the grant, holding, vesting, exercise, or payment of any Award under the Plan. 
  

	19.	 Miscellaneous. 

19.1    Forfeiture and Clawback Provisions. Pursuant to its general authority to determine the terms and conditions
applicable to Awards granted under the Plan, the Committee shall have the right to provide, in an Award Agreement, or to require a Participant to agree by separate written or electronic instrument at or after grant, that all Awards (including any
proceeds, gains or other economic benefit actually or constructively received by the Participant upon any receipt or exercise of any Award or upon the receipt or resale of any Shares underlying the Award) will be subject to repayment or
reimbursement to the extent set forth in any recoupment or clawback provisions which may be included in any such Agreement or separate instrument. In addition, without limiting the foregoing, any Award granted pursuant to this Plan shall be subject
to repayment or reimbursement by the Participant to the Company (i) to the extent that the Participant becomes subject to any recoupment or clawback policy hereafter adopted by the Company, including any such policy adopted by the Company to
comply with the requirements of any applicable laws, rules or regulations, including pursuant to final SEC rules under the Dodd-Frank Wall Street Reform and Consumer Protection Act, or (ii) to the extent provided under any applicable laws which
impose mandatory recoupment, under circumstances set forth in such applicable laws, including the Sarbanes-Oxley Act of 2002. 

19.2    Multiple Agreements. The terms of each Award may differ from other Awards granted under the Plan at the
same time or at some other time. The Committee may also grant more than one Award to a given Eligible Individual during the term of the Plan, either in addition to, or in substitution for, one or more Awards previously granted to that Eligible
Individual. 

  
 26 

 19.3    Beneficiary Designation. Each Grantee may, from time to
time, name one or more individuals (each, a “Beneficiary”) to whom any benefit under the Plan is to be paid or who may exercise any rights of the Grantee under any Award granted under the Plan in the event of the Grantee’s death
before he or she receives any or all of such benefit or exercises such Option. Each such designation shall revoke all prior designations by the same Grantee, shall be in a form prescribed by the Company, and will be effective only when filed by the
Grantee in writing with the Company during the Grantee’s lifetime. In the absence of any such designation, benefits remaining unpaid at the Grantee’s death and rights to be exercised following the Grantee’s death shall be paid to or
exercised by the Grantee’s estate. 
 19.4    Withholding of Taxes. 

(a)    At such times as an Optionee or Grantee recognizes taxable income in connection with the receipt of Shares or cash
hereunder (a “Taxable Event”), the Optionee or Grantee shall pay to the Company an amount equal to the federal, state and local income taxes and other amounts as may be required by law to be withheld by the Company in connection with the
Taxable Event (the “Withholding Taxes”) prior to the issuance, or release from escrow, of such Shares or the payment of such cash. The Company shall have the right to deduct from any payment of cash to an Optionee or Grantee an amount
equal to the Withholding Taxes in satisfaction of the obligation to pay Withholding Taxes. The Committee may provide in an Agreement evidencing an Award at the time of grant or thereafter that the Optionee or Grantee, in satisfaction of the
obligation to pay Withholding Taxes to the Company, may elect to have withheld a portion of the Shares issuable to him or her pursuant to the Award having an aggregate Fair Market Value equal to the Withholding Taxes. In the event Shares are
withheld by the Company to satisfy any obligation to pay Withholding Taxes, such Shares shall be retired and cancelled and shall not thereafter be available to grant an Award with respect thereto. In determining the procedures by which Shares will
be withheld for Withholding Taxes, to the extent required to avoid the Company’s incurring an adverse accounting charge, the amount of any Shares so withheld shall not exceed the amount necessary to satisfy Withholding Taxes determined using
the minimum statutory withholding rates for federal, state, local and/or foreign tax purposes, including payroll taxes, that are applicable to supplemental taxable income. 

(b)    If an Optionee makes a disposition, within the meaning of Section 424(c) of the Code and regulations
promulgated thereunder, of any Share or Shares issued to such Optionee pursuant to the exercise of an Incentive Stock Option within the two-year period commencing on the day after the date of the grant or
within the one-year period commencing on the day after the date of transfer of such Share or Shares to the Optionee pursuant to such exercise, the Optionee shall, within ten (10) days of such disposition,
notify the Company thereof, by delivery of written notice to the Company at its principal executive office. 

19.5    Effective Date. The effective date of this Plan shall be April 1, 2016 (the “Effective
Date”), subject only to the approval by the holders of a majority of the securities of the Company entitled to vote thereon, in accordance with the applicable laws. 

  
 27

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