Document:

EX-10.5

 Exhibit 10.5 

CORTEVA, INC. 
 2019
OMNIBUS INCENTIVE PLAN 
 Section 1. Purpose of Plan. 

The name of the Plan is the Corteva, Inc. 2019 Omnibus Incentive Plan. The purposes of the Plan are to (a) provide an additional incentive
to selected employees, directors, independent contractors and consultants of the Company or its Affiliates whose contributions are essential to the growth and success of the Company, (b) strengthen the commitment of such individuals to the
Company and its Affiliates, (c) motivate those individuals to faithfully and diligently perform their responsibilities and (d) attract and retain competent and dedicated individuals whose efforts will result in the long-term growth and
profitability of the Company. In addition, the Plan permits the issuance of Conversion Awards in substitution of certain incentive awards that covered shares of DowDuPont Inc. immediately before the Separation. To accomplish these various purposes,
the Plan provides that the Company may grant Options, Share Appreciation Rights, Restricted Shares, Restricted Stock Units, Other Share-Based Awards, Conversion Awards, Cash Awards or any combination of the foregoing. 

Section 2. Definitions. 
 For
purposes of the Plan, the following capitalized terms shall be defined as set forth below: 
 (a) “Administrator” means the
Board, or, if and to the extent the Board does not administer the Plan, the Committee. 
 (b) “Affiliate” means a Person
that directly, or indirectly through one or more intermediaries, controls, or is controlled by, or is under common control with, the Person specified as of any date of determination. 

(c) “Applicable Laws” means the applicable requirements under U.S. federal and state corporate laws, U.S. federal and state
securities laws, including the Code, any stock exchange or quotation system on which the Common Stock is listed or quoted and the applicable laws of any other country or jurisdiction where Awards are granted under the Plan, all as are in effect from
time to time. 
 (d) “Award” means any Option, Share Appreciation Right, Restricted Share, Restricted Stock Unit, Other
Share-Based Award, Conversion Award or Cash Award granted under the Plan. 
 (e) “Award Agreement” means any written
notice, agreement, contract or other instrument or document evidencing an Award, including through electronic medium, which shall contain such terms and conditions with respect to an Award as the Administrator shall determine, consistent with the
Plan. 
 (f) “Beneficial Owner” (or any variant thereof) has the meaning defined in
Rule 13d-3 under the Exchange Act. 

 (g) “Board” means the Board of Directors of the Company. 

(h) “Bylaws” mean the bylaws of the Company, as may be amended and/or restated from time to time. 

(i) “Cash Award” means cash awarded under Section 12, including cash awarded as a bonus or upon the attainment of
performance goals or otherwise as permitted under the Plan. 
 (j) “Cause” has the meaning assigned to such term or an
analogous term in any individual service, employment or severance agreement or Award Agreement with the Participant or, if no such agreement exists or if such agreement does not define “Cause” or an analogous term, then “Cause”
means (i) the conviction, guilty plea or plea of “no contest” by the Participant to any felony or a crime involving moral turpitude or the Participant’s commission of any other act or omission involving dishonesty or fraud,
(ii) the substantial and repeated failure of the Participant to perform duties of the office held by the Participant, (iii) the Participant’s gross negligence, willful misconduct or breach of fiduciary duty with respect to the Company
or any of its Affiliates, (iv) any breach by the Participant of any restrictive covenants to which the Participant is subject, and/or (v) the Participant’s engagement in any conduct which is or can reasonably be expected to be
materially detrimental or injurious to the business or reputation of the Company or its Affiliates. Any voluntary termination of employment or service by the Participant in anticipation of an involuntary termination of the Participant’s
employment or service, as applicable, for Cause shall be deemed to be a termination for Cause. 
 (k) “Change in
Capitalization” means any (i) merger, consolidation, reclassification, recapitalization, spin-off, spin-out, repurchase or other reorganization or
corporate transaction or event, (ii) special or extraordinary dividend or other extraordinary distribution (whether in the form of cash, Common Stock or other property), stock split, reverse stock split, share subdivision or consolidation,
(iii) combination or exchange of shares or (iv) other change in corporate structure, which, in any such case, the Administrator determines, in its sole discretion, affects the Shares such that an adjustment pursuant to Section 5 is
appropriate. 
 (l) “Change in Control” means the first occurrence of an event set forth in any one of the following
paragraphs following the Effective Date: 
 (1) any Person is or becomes the Beneficial Owner, directly or indirectly, of securities of the
Company (not including in the securities Beneficially Owned by such Person which were acquired directly from the Company or any Affiliate thereof) representing more than thirty percent (30%) of the combined voting power of the Company’s then
outstanding securities, excluding any Person who becomes such a Beneficial Owner in connection with a transaction described in clause (i) of paragraph (3) below; or 

(2) the date on which individuals who constitute the Board as of the Effective Date and any new director (other than a director whose initial
assumption of office is in connection with an actual or threatened election contest, including, but not limited to, a consent solicitation, relating to the election of directors of the Company) whose appointment or election by the Board or
nomination for election by the Company’s stockholders was approved or 

  
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recommended by a vote of at least two-thirds (2/3) of the directors then still in office who either were directors on the Effective Date or whose
appointment, election or nomination for election was previously so approved or recommended cease for any reason to constitute a majority of the number of directors serving on the Board; or 

(3) there is consummated a merger or consolidation of the Company or any direct or indirect Subsidiary with any other corporation or other
entity, other than (i) a merger or consolidation (A) which results in the voting securities of the Company outstanding immediately prior to such merger or consolidation continuing to represent (either by remaining outstanding or by being
converted into voting securities of the surviving entity or any parent thereof), in combination with the ownership of any trustee or other fiduciary holding securities under an employee benefit plan of the Company or any Subsidiary, more than fifty
percent (50%) of the combined voting power of the securities of the Company or such surviving entity or any parent thereof outstanding immediately after such merger or consolidation and (B) following which the individuals who comprise the Board
immediately prior thereto constitute at least a majority of the board of directors of the Company, the entity surviving such merger or consolidation or, if the Company or the entity surviving such merger or consolidation is then a Subsidiary, the
ultimate parent thereof, or (ii) a merger or consolidation effected to implement a recapitalization of the Company (or similar transaction) in which no Person is or becomes the Beneficial Owner, directly or indirectly, of securities of the
Company (not including in the securities Beneficially Owned by such Person any securities acquired directly from the Company or its Affiliates) representing more than fifty percent (50%) of the combined voting power of the Company’s then
outstanding securities; or 
 (4) the stockholders of the Company approve a plan of complete liquidation or dissolution of the Company or
there is consummated an agreement for the sale or disposition by the Company of all or substantially all of the Company’s assets, other than (A) a sale or disposition by the Company of all or substantially all of the Company’s assets
to an entity, more than fifty percent (50%) of the combined voting power of the voting securities of which are owned by stockholders of the Company following the completion of such transaction in substantially the same proportions as their ownership
of the Company immediately prior to such sale or (B) a sale or disposition of all or substantially all of the Company’s assets immediately following which the individuals who comprise the Board immediately prior thereto constitute at least
a majority of the board of directors of the entity to which such assets are sold or disposed or, if such entity is a subsidiary, the ultimate parent thereof. 

Notwithstanding the foregoing, (i) the Separation shall not constitute a Change in Control, (ii) a Change in Control shall not be deemed to have
occurred by virtue of the consummation of any transaction or series of integrated transactions immediately following which the holders of Common Stock immediately prior to such transaction or series of transactions continue to have substantially the
same proportionate ownership in an entity which owns all or substantially all of the assets of the Company immediately following such transaction or series of transactions and (iii) to the extent required to avoid accelerated taxation and/or
tax penalties under Section 409A of the Code, a Change in Control shall be deemed to have occurred under the Plan with respect to any Award that constitutes deferred compensation under Section 409A of the Code only if a change in the
ownership or effective control of the Company or a change in ownership of a substantial portion of the assets of the Company shall also be deemed to have occurred under 

  
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Section 409A of the Code. For purposes of this definition of Change in Control, the term “Person” shall not include (i) the Company or any Subsidiary thereof, (ii) a
trustee or other fiduciary holding securities under an employee benefit plan of the Company or any Subsidiary thereof, (iii) an underwriter temporarily holding securities pursuant to an offering of such securities, or (iv) a corporation
owned, directly or indirectly, by the stockholders of the Company in substantially the same proportions as their ownership of shares of the Company. 

(m) “Code” means the Internal Revenue Code of 1986, as amended from time to time. 

(n) “Committee” means any committee or subcommittee the Board may appoint to administer the Plan. Subject to the discretion
of the Board, the Committee shall be composed entirely of individuals who meet the qualifications of a “non-employee director” within the meaning of Rule 16b-3
and any other qualifications required by the applicable stock exchange on which the Common Stock is traded. 
 (o) “Common
Stock” means the common stock of the Company, having a par value of $0.01 per share. 
 (p) “Company” means
Corteva, Inc., a Delaware corporation (or any successor company, except as the term “Company” is used in the definition of “Change in Control” above). 

(q) “Conversion Award” shall have the meaning set forth in Section 10. 

(r) “Disability” has the meaning assigned to such term or an analogous term in any individual service, employment or
severance agreement or Award Agreement with the Participant or, if no such agreement exists or if such agreement does not define “Disability” or an analogous term, then “Disability” means that a Participant, as determined by the
Administrator in its sole discretion, (i) is unable to engage in any substantial gainful activity by reason of any medically determinable physical or mental impairment which can be expected to result in death or can be expected to last for a
continuous period of not less than twelve (12) months, or (ii) is, by reason of any medically determinable physical or mental impairment which can be expected to result in death or can be expected to last for a continuous period of not
less than twelve (12) months, receiving income replacement benefits for a period of not less than three (3) months under an accident and health plan covering employees of the Company or an Affiliate thereof. 

(s) “Effective Date” has the meaning set forth in Section 19. 

(t) “Eligible Recipient” means an employee, director, independent contractor or natural person consultant of the Company or
any Affiliate of the Company who has been selected as an eligible participant by the Administrator; provided, however, to the extent required to avoid accelerated taxation and/or tax penalties under Section 409A of the Code, an
Eligible Recipient of an Option or a Stock Appreciation Right means an employee, non-employee director, independent contractor or consultant of the Company or any Affiliate of the Company with respect to whom
the Company is an “eligible issuer of service recipient stock” within the meaning of Section 409A of the Code. 
 (u)
“Employee Matters Agreement” has the meaning set forth in Section 10. 

  
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 (v) “Exchange Act” means the Securities Exchange Act of 1934, as amended
from time to time. 
 (w) “Exempt Award” means the following: 

(1) A Conversion Award. 
 (2) An
Award granted in assumption of, or in substitution for, outstanding awards previously granted by a corporation or other entity acquired by the Company or any of its Affiliates or with which the Company or any of its Affiliates combines by merger or
otherwise. The terms and conditions of any such Awards may vary from the terms and conditions set forth in the Plan to the extent the Administrator at the time of grant may deem appropriate, subject to Applicable Laws. 

(3) An “employment inducement” award as described in the applicable stock exchange listing manual or rules as may be granted under
the Plan from time to time. The terms and conditions of any “employment inducement” award may vary from the terms and conditions set forth in the Plan to such extent as the Administrator at the time of grant may deem appropriate, subject
to Applicable Laws. 
 (4) An award that an Eligible Recipient purchases at Fair Market Value (including awards that an Eligible Recipient
elects to receive in lieu of fully vested compensation that is otherwise due) whether or not the Shares are delivered immediately or on a deferred basis. 

(x) “Exercise Price” means, (i) with respect to any Option, the per-share price
at which a holder of such Option may purchase Shares issuable upon exercise of such Award and (ii) with respect to a Share Appreciation Right, the base price per share of such Share Appreciation Right. 

(y) “Fair Market Value” of a share of Common Stock or another security as of a particular date means the fair market value as
determined by the Administrator in its sole discretion; provided, that, (i) if the Common Stock or other security is admitted to trading on a national securities exchange, the fair market value on any date shall be the closing
sale price reported on such date, or if no shares were traded on such date, on the last preceding date for which there was a sale of a share of Common Stock on such exchange, or (ii) if the Common Stock or other security is then traded in an over-the-counter market, the fair market value on any date shall be the average of the closing bid and asked prices for such share in such over-the-counter market for the last preceding date on which there was a sale of such share in such market. 

(z) “Free Standing Rights” has the meaning set forth in Section 8. 

(aa) “Good Reason” has the meaning assigned to such term or an analogous term in any individual service, employment or
severance agreement or Award Agreement with the Participant or, if no such agreement exists or if such agreement does not define “Good Reason” or an analogous term, then “Good Reason” shall mean (i) a material diminution in
the Participant’s base compensation, (ii) a material diminution in the Participant’s authority, duties, or responsibilities, or (iii) a material change in the geographic location at which the Participant must perform his/her
services for the Company. 

  
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 (bb) “Incentive Compensation” means annual cash bonus and any Award. 

(cc) “ISO” means an Option intended to be and designated as an “incentive stock option” within the meaning of
Section 422 of the Code. 
 (dd) “Nonqualified Stock Option” means an Option that is not designated or that otherwise
does not qualify as an ISO. 
 (ee) “Option” means an option to purchase shares of Common Stock granted pursuant to
Section 7. The term “Option” as used in the Plan includes the terms “Nonqualified Stock Option” and “ISO.” 

(ff) “Other Share-Based Award” means a right or other interest granted pursuant to Section 11 that may be denominated or
payable in, valued in whole or in part by reference to, or otherwise based on or related to, Common Stock, including without limitation unrestricted Shares, dividend equivalents or performance units, each of which may be subject to the attainment of
performance goals or a period of continued provision of service or employment or other terms or conditions as permitted under the Plan. 

(gg) “Participant” means any Eligible Recipient selected by the Administrator, pursuant to the Administrator’s authority
provided for in Section 3, to receive grants of Awards, and, upon his or her death, his or her successors, heirs, executors and administrators, as the case may be. 

(hh) “Person” shall (except as provided in the definition of “Change in Control” above) have the meaning given in
Section 3(a)(9) of the Exchange Act, as modified and used in Sections 13(d) and 14(d) thereof. 
 (ii)
“Plan” means this 2019 Omnibus Incentive Plan, as amended from time to time. 
 (jj) “Related Rights” has
the meaning set forth in Section 8. 
 (kk) “Restricted Period” has the meaning set forth in Section 9. 

(ll) “Restricted Share” means a Share granted pursuant to Section 9 subject to certain restrictions that lapse at the
end of a specified period (or periods) of time and/or upon attainment of specified performance objectives. 
 (mm) “Restricted Stock
Unit” means the right granted pursuant to Section 9 to receive a Share (or the cash value thereof) at the end of a specified restricted period (or periods) of time and/or upon attainment of specified performance objectives. 

(nn) “Rule 16b-3” has the meaning set forth in Section 3(a).

  
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 (oo) “Securities Act” means the Securities Act of 1933, as amended from
time to time. 
 (pp) “Separation” means the separation of the Company from DowDuPont Inc. pursuant to which the Company
became a separate publicly traded company. 
 (qq) “Share Appreciation Right” means a right granted pursuant to
Section 8 to receive an amount equal to the excess, if any, of (i) the aggregate Fair Market Value, as of the date such Award or portion thereof is surrendered, of the Shares covered by such Award or such portion thereof, over
(ii) the aggregate Exercise Price of such Award or such portion thereof. 
 (rr) “Shares” means Common Stock reserved
for issuance under the Plan, as adjusted pursuant to the Plan, and any successor (pursuant to a merger, consolidation or other reorganization) security. 

(ss) “Subsidiary” means, with respect to any Person, as of any date of determination, any other Person as to which such first
Person owns or otherwise controls, directly or indirectly, more than 50% of the voting shares or other similar interests or a sole general partner interest or managing member or similar interest of such other Person. 

(tt) “Transfer” has the meaning set forth in Section 17. 

Section 3. Administration. 
 (a) The
Plan shall be administered by the Administrator and shall be administered, to the extent applicable, in accordance with Rule 16b-3 under the Exchange Act (“Rule 16b-3”). To the extent permitted by Applicable Laws, the Administrator may delegate, subject to such limitations as it may provide, some or all of its power and authority under the Plan to one or more
of its members or to one or more officers of the Company, or to one or more agents or advisors, or a combination thereof, and the Administrator or any individuals to whom it has delegated duties or powers may employ one or more individuals to render
advice with respect to any responsibility that the Administrator or such individuals may have under the Plan. 
 (b) Pursuant to the terms
of the Plan, the Administrator, subject, in the case of any Committee, to any restrictions on the authority delegated to it by the Board, shall have the power and authority, without limitation: 

(1) to select those Eligible Recipients who shall be Participants; 

(2) to determine whether and to what extent Options, Share Appreciation Rights, Restricted Shares, Restricted Stock Units, Cash Awards, Other
Share-Based Awards or a combination of any of the foregoing, are to be granted hereunder to Participants; 
 (3) to determine the number of
Shares to be covered by each Award granted hereunder; 
 (4) to determine the terms and conditions, not inconsistent with the terms of the
Plan, of each Award granted hereunder (including without limitation (i) the restrictions 

  
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applicable to Restricted Shares or Restricted Stock Units and the conditions under which restrictions applicable to such Restricted Shares or Restricted Stock Units shall lapse, (ii) the
performance goals and periods applicable to Awards, (iii) the Exercise Price of each Option and each Share Appreciation Right or the purchase price of any other Award, (iv) the vesting schedule and terms applicable to each Award,
(v) the number of Shares or amount of cash or other property subject to each Award and (vi) subject to the requirements of Section 409A of the Code (to the extent applicable), amendments to the terms and conditions of outstanding
Awards, including without limitation extending the exercise period of such Awards and accelerating the vesting and/or payment schedules of such Awards; provided, however, that such acceleration may only occur in the event of the
Participant’s death or Disability). 
 (5) to determine the terms and conditions, not inconsistent with the terms of the Plan, which
shall govern all written instruments evidencing Awards; 
 (6) to determine Fair Market Value in accordance with the terms of the Plan; 

(7) to determine the duration and purpose of leaves of absence which may be granted to a Participant without constituting termination of the
Participant’s service or employment for purposes of Awards granted under the Plan; 
 (8) to adopt, alter and repeal such
administrative rules, regulations, guidelines and practices governing the Plan as it shall from time to time deem advisable; 
 (9) to
construe and interpret the terms and provisions of, and supply or correct omissions in, the Plan and any Award issued under the Plan (and any Award Agreement relating thereto), and to otherwise supervise the administration of the Plan and to
exercise all powers and authorities either specifically granted under the Plan or necessary and advisable in the administration of the Plan; and 

(10) to prescribe, amend and rescind rules and regulations relating to sub-plans established for the
purpose of satisfying applicable non-United States laws or for qualifying for favorable tax treatment under applicable non-United States laws, which rules and
regulations may be set forth in an appendix or appendixes to the Plan. 
 (c) Subject to Section 5, the Administrator shall not have
the authority to reprice or cancel and regrant any Award at a lower exercise, base or purchase price or cancel any Award with an exercise, base or purchase price of less than Fair Market Value in exchange for cash, property or other Awards without
first obtaining the approval of the Company’s shareholders. 
 (d) All decisions made by the Administrator pursuant to the provisions
of the Plan shall be final, conclusive and binding on all Persons, including the Company and the Participants. 
 (e) The expenses of
administering the Plan shall be borne by the Company and its Affiliates. 

  
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 (f) If at any time or to any extent the Board shall not administer the Plan, then the
functions of the Administrator specified in the Plan shall be exercised by the Committee. Except as otherwise provided in the Certificate of Incorporation or Bylaws of the Company or any applicable Committee charter, any action of the Committee with
respect to the administration of the Plan shall be taken by a majority vote at a meeting at which a quorum is duly constituted or by unanimous written consent of the Committee’s members. 

Section 4. Shares Reserved for Issuance Under the Plan. 

(a) Subject to Section 5, the number of shares of Common Stock that are reserved and available for issuance pursuant to Awards granted
under the Plan shall be equal to 20,000,000 ;shares; provided that shares of Common Stock issued under the Plan with respect to an Exempt Award shall not count against such share limit.

(b) Shares issued under the Plan may, in whole or in part, be authorized but unissued Shares or Shares that shall have been or may be
reacquired by the Company in the open market, in private transactions or otherwise. If an Award entitles the Participant to receive or purchase Shares, the number of Shares covered by such Award or to which such Award relates shall be counted on the
date of grant of such Award against the aggregate number of Shares available for granting Awards under the Plan. If any Shares subject to an Award (other than an Exempt Award) are forfeited, cancelled, exchanged or surrendered or if an Award (other
than an Exempt Award) otherwise terminates or expires without a distribution of shares to the Participant, the Shares with respect to such Award shall, to the extent of any such forfeiture, cancellation, exchange, surrender, termination or
expiration, again be available for granting Awards under the Plan. Notwithstanding the foregoing, except with respect to an Exempt Award, Shares surrendered or withheld as payment of either the Exercise Price of an Award (including Shares underlying
a Share Appreciation Right that are retained by the Company to account for the Exercise Price of such Share Appreciation Right) and/or withholding taxes in respect of an Award shall no longer be available for grant under the Plan. In addition,
(i) to the extent an Award (other than an Exempt Award) is denominated in shares of Common Stock, but paid or settled in cash, the number of shares of Common Stock with respect to which such payment or settlement is made shall again be
available for grants of Awards pursuant to the Plan and (ii) shares of Common Stock underlying Awards that can only be settled in cash shall not be counted against the aggregate number of shares of Common Stock available for Awards under the
Plan. Upon the exercise of any Award granted in tandem with any other Awards, such related Awards shall be cancelled to the extent of the number of Shares as to which the Award is exercised. 

(c) All Shares available for issuance under the Plan may be issued pursuant to the exercise of ISOs. 

(d) Notwithstanding any other provision of the Plan to the contrary, Awards granted under the Plan (other than cash-based Awards and
Conversion Awards) shall vest no earlier than the first anniversary of the date on which the Award is granted; provided, that the following Awards shall not be subject to the foregoing minimum vesting requirement: any (i) substitute
Awards granted in connection with awards that are assumed, converted or substituted pursuant to a merger, acquisition or similar transaction entered into by the Company or any of its Subsidiaries, (ii) Shares delivered in lieu of fully vested
cash Awards, (iii) Awards to non-

  
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employee directors that vest on earlier of the one-year anniversary of the date of grant and the next annual meeting of stockholders which is at least 50
weeks after the immediately preceding year’s annual meeting, and (iv) any additional Awards the Administrator may grant, up to a maximum of five percent (5%) of the available share reserve authorized for issuance under the Plan pursuant to
Section 4(a) (subject to adjustment under Section 5); and, provided, further, that the foregoing restriction does not apply to the Administrator’s discretion to provide for accelerated exercisability or vesting
of any Award, including in cases of retirement, death, Disability or a Change in Control, in the terms of the Award Agreement or otherwise. 

Section 5. Equitable Adjustments. 

In the event of any Change in Capitalization, an equitable substitution or proportionate adjustment shall be made in (i) the aggregate
number and kind of securities reserved for issuance under the Plan pursuant to Section 4, (ii) the kind, number of securities, and the Exercise Price subject to outstanding Options and Share Appreciation Rights granted under the Plan,
(iii) the kind, number and purchase price of Shares or other securities or the amount of cash or amount or type of other property subject to outstanding Restricted Shares, Restricted Stock Units or Other Share-Based Awards granted under the
Plan; and/or (iv) the terms and conditions of any outstanding Awards (including without limitation any applicable performance targets or criteria with respect thereto); provided, however, that any fractional shares resulting from
the adjustment shall be eliminated. Without limiting the generality of the foregoing, in connection with a Change in Capitalization, the Administrator may provide, in its sole discretion, but subject in all events to the requirements of
Section 409A of the Code, for the cancellation of any outstanding Award granted hereunder in exchange for payment in cash or other property having an aggregate Fair Market Value equal to the Fair Market Value of the Shares, cash or other
property covered by such Award, reduced by the aggregate Exercise Price or purchase price thereof, if any; provided, however, that if the Exercise Price or purchase price of any outstanding Award is equal to or greater than the Fair
Market Value of the shares of Common Stock, cash or other property covered by such Award, the Administrator may cancel such Award without the payment of any consideration to the Participant. Further, without limiting the generality of the foregoing,
with respect to Awards subject to non-United States laws, adjustments made hereunder shall be made in compliance with applicable requirements. Except to the extent determined by the Administrator, any
adjustments to ISOs under this Section 5 shall be made only to the extent not constituting a “modification” within the meaning of Section 424(h)(3) of the Code. The Administrator’s determinations pursuant to this
Section 5 shall be final, binding and conclusive. The Administrator is further authorized to make adjustments in the terms and conditions of, and the criteria included in, Awards in recognition of unusual or infrequent events (including without
limitation the events described in this Section 5) affecting the Company or the financial statements of the Company, or of changes in applicable laws, regulations, or accounting principles, whenever the Administrator determines that such
adjustments are appropriate in order to prevent dilution or enlargement of the benefits or potential benefits intended to be made available under the Plan. 

Section 6. Eligibility. 
 The
Participants in the Plan shall be selected from time to time by the Administrator, in its sole discretion, from those individuals that qualify as Eligible Recipients. 

  
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 Section 7. Options. 

(a) General. Options granted under the Plan shall be designated as Nonqualified Stock Options or ISOs. Each Participant who is granted
an Option shall enter into an Award Agreement with the Company, containing such terms and conditions as the Administrator shall determine, in its sole discretion, including, among other things, the Exercise Price of the Option, the term of the
Option and provisions regarding exercisability of the Option, and whether the Option is intended to be an ISO or a Nonqualified Stock Option (and in the event the Award Agreement has no such designation, the Option shall be a Nonqualified Stock
Option). The provisions of each Option need not be the same with respect to each Participant. More than one Option may be granted to the same Participant and be outstanding concurrently hereunder. Options granted under the Plan shall be subject to
the terms and conditions set forth in this Section 7 and shall contain such additional terms and conditions, not inconsistent with the terms of the Plan, as the Administrator shall deem desirable and set forth in the applicable Award Agreement.

 (b) Exercise Price. The Exercise Price of Shares purchasable under an Option shall be determined by the Administrator in its sole
discretion at the time of grant, but in no event shall the exercise price of an Option be less than one hundred percent (100%) of the Fair Market Value of a share of Common Stock on the date of grant (exclusive of Conversion Awards and any
substitute Awards granted in connection with awards that are assumed, converted or substituted pursuant to a merger, acquisition or similar transaction entered into by the Company or any of its Subsidiaries). 

(c) Option Term. The maximum term of each Option shall be fixed by the Administrator, but no Option shall be exercisable more than ten
(10) years after the date such Option is granted. Each Option’s term is subject to earlier expiration pursuant to the applicable provisions in the Plan and the Award Agreement. 

(d) Exercisability. Each Option shall be exercisable at such time or times and subject to such terms and conditions, including the
attainment of performance goals, as shall be determined by the Administrator in the applicable Award Agreement. The Administrator may also provide that any Option shall be exercisable only in installments. 

(e) Method of Exercise. Options may be exercised in whole or in part by giving written notice of exercise to the Company specifying the
number of whole Shares to be purchased, accompanied by payment in full of the aggregate Exercise Price of the Shares so purchased in cash or its equivalent, as determined by the Administrator. As determined by the Administrator, in its sole
discretion, with respect to any Option or category of Options, payment in whole or in part may also be made (i) by means of consideration received under any cashless exercise procedure approved by the Administrator (including the withholding of
Shares otherwise issuable upon exercise), (ii) in the form of unrestricted Shares already owned by the Participant which have a Fair Market Value on the date of surrender equal to the aggregate exercise price of the Shares as to which such
Option shall be exercised, (iii) any other form of consideration approved by the Administrator and permitted by Applicable Laws or (iv) any combination of the foregoing. 

  
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 (f) ISOs. The terms and conditions of ISOs granted hereunder shall be subject to the
provisions of Section 422 of the Code and the terms, conditions, limitations and administrative procedures established by the Administrator from time to time in accordance with the Plan. ISOs may be granted only to an employee of the Company,
its “parent corporation” (as such term is defined in Section 424(e) of the Code), if any, or a Subsidiary of the Company. 

(1) ISO Grants to 10% Stockholders. Notwithstanding anything to the contrary in the Plan, if an ISO is granted to a Participant who
owns shares representing more than ten percent (10%) of the voting power of all classes of shares of the Company, its “parent corporation” (as such term is defined in Section 424(e) of the Code), if any, or a Subsidiary of the
Company, the term of the ISO shall not exceed five (5) years from the time of grant of such ISO and the Exercise Price shall be at least one hundred and ten percent (110%) of the Fair Market Value of the Shares on the date of grant. 

(2) $100,000 Per Year Limitation For ISOs. To the extent the aggregate Fair Market Value (determined on the date of grant) of the
Shares for which ISOs are exercisable for the first time by any Participant during any calendar year (under all plans of the Company) exceeds $100,000, such excess ISOs shall be treated as Nonqualified Stock Options. 

(3) Disqualifying Dispositions. Each Participant awarded an ISO under the Plan shall notify the Company in writing immediately after
the date the Participant makes a “disqualifying disposition” of any Share acquired pursuant to the exercise of such ISO. A “disqualifying disposition” is any disposition (including any sale) of such Shares before the later of
(i) two years after the date of grant of the ISO and (ii) one year after the date the Participant acquired the Shares by exercising the ISO. The Company may, if determined by the Administrator and in accordance with procedures established
by it, retain possession of any Shares acquired pursuant to the exercise of an ISO as agent for the applicable Participant until the end of the period described in the preceding sentence, subject to complying with any instructions from such
Participant as to the sale of such Shares. 
 (g) Rights as Stockholder. A Participant shall have no rights to dividends, dividend
equivalents or distributions or any other rights of a stockholder with respect to the Shares subject to an Option until the Participant has given written notice of the exercise thereof, and has paid in full for such Shares and has satisfied the
requirements of Section 16. 
 (h) Termination of Employment or Service. Treatment of an Option upon termination of employment
of a Participant shall be provided for by the Administrator in the Award Agreement. 
 (i) Other Change in Employment or Service
Status. An Option shall be affected, both with regard to vesting schedule and termination, by leaves of absence, including unpaid and unprotected leaves of absence, changes from full-time to part-time employment, partial Disability or other
changes in the employment status or service status of a Participant, as and to the extent determined in the discretion of the Administrator. 

  
 12 

 Section 8. Share Appreciation Rights. 

(a) General. Share Appreciation Rights may be granted either alone (“Free Standing Rights”) or in conjunction with all
or part of any Option granted under the Plan (“Related Rights”). Related Rights may be granted either at or after the time of the grant of such Option. The Administrator shall determine the Eligible Recipients to whom, and the time
or times at which, grants of Share Appreciation Rights shall be made. Each Participant who is granted a Share Appreciation Right shall enter into an Award Agreement with the Company, containing such terms and conditions as the Administrator shall
determine, in its sole discretion, including, among other things, the number of Shares to be awarded, the Exercise Price per Share, and all other conditions of Share Appreciation Rights. Notwithstanding the foregoing, no Related Right may be granted
for more Shares than are subject to the Option to which it relates. The provisions of Share Appreciation Rights need not be the same with respect to each Participant. Share Appreciation Rights granted under the Plan shall be subject to the following
terms and conditions set forth in this Section 8 and shall contain such additional terms and conditions, not inconsistent with the terms of the Plan, as the Administrator shall deem desirable, as set forth in the applicable Award Agreement.

 (b) Awards; Rights as Stockholder. A Participant shall have no rights to dividends or any other rights of a stockholder with
respect to the shares of Common Stock, if any, subject to a Stock Appreciation Right until the Participant has given written notice of the exercise thereof and has satisfied the requirements of Section 16. 

(c) Exercise Price. The Exercise Price of Shares purchasable under a Share Appreciation Rights shall be determined by the Administrator
in its sole discretion at the time of grant, but in no event shall the exercise price of a Share Appreciation Rights be less than one hundred percent (100%) of the Fair Market Value of a share of Common Stock on the date of grant (exclusive of
Conversion Awards and any substitute Awards granted in connection with awards that are assumed, converted or substituted pursuant to a merger, acquisition or similar transaction entered into by the Company or any of its Subsidiaries). 

(d) Exercisability. 

(1) Share Appreciation Rights that are Free Standing Rights shall be exercisable at such time or times and subject to such terms and
conditions as shall be determined by the Administrator in the applicable Award Agreement. 
 (2) Share Appreciation Rights that are Related
Rights shall be exercisable only at such time or times and to the extent that the Options to which they relate shall be exercisable in accordance with the provisions of Section 7 and this Section 8. 

(e) Payment Upon Exercise. 

(1) Upon the exercise of a Free Standing Right, the Participant shall be entitled to receive up to, but not more than, that number of Shares
equal in value to the excess of the Fair Market Value as of the date of exercise over the Exercise Price per share specified in the Free Standing Right multiplied by the number of Shares in respect of which the Free Standing Right is being
exercised. 

  
 13 

 (2) A Related Right may be exercised by a Participant by surrendering the applicable
portion of the related Option. Upon such exercise and surrender, the Participant shall be entitled to receive up to, but not more than, that number of Shares equal in value to the excess of the Fair Market Value as of the date of exercise over the
Exercise Price specified in the related Option multiplied by the number of Shares in respect of which the Related Right is being exercised. Options which have been so surrendered, in whole or in part, shall no longer be exercisable to the extent the
Related Rights have been so exercised. 
 (3) Notwithstanding the foregoing, the Administrator may determine to settle the exercise of a
Share Appreciation Right in cash (or in any combination of Shares and cash). 
 (f) Termination of Employment or Service. Treatment
of a Share Appreciation Right upon termination of employment of a Participant shall be provided for by the Administrator in the Award Agreement. 

(g) Term. 
 (1) The term
of each Free Standing Right shall be fixed by the Administrator, but no Free Standing Right shall be exercisable more than ten (10) years after the date such right is granted. 

(2) The term of each Related Right shall be the term of the Option to which it relates, but no Related Right shall be exercisable more than
ten (10) years after the date such right is granted. 
 (h) Other Change in Employment or Service Status. Share Appreciation
Rights shall be affected, both with regard to vesting schedule and termination, by leaves of absence, including unpaid and un-protected leaves of absence, changes from full-time to part-time employment,
partial Disability or other changes in the employment or service status of a Participant, as and to the extent determined in the discretion of the Administrator. 

Section 9. Restricted Shares and Restricted Stock Units. 

(a) General. Restricted Shares or Restricted Stock Units may be issued under the Plan. The Administrator shall determine the Eligible
Recipients to whom, and the time or times at which, Restricted Shares or Restricted Stock Units shall be made. Each Participant who is granted Restricted Shares or Restricted Stock Units shall enter into an Award Agreement with the Company,
containing such terms and conditions as the Administrator shall determine, in its sole discretion, including, among other things, the number of Shares to be awarded; the price, if any, to be paid by the Participant for the acquisition of Restricted
Shares or Restricted Stock Units; the period of time restrictions, performance goals or other conditions that apply to Transferability, delivery or vesting of such Awards (the “Restricted Period”); and all other conditions
applicable to the Restricted Shares and Restricted Stock Units. If the restrictions, performance goals or conditions established by the Administrator are not attained, a Participant shall forfeit his or her Restricted Shares or Restricted Stock
Units, in accordance with the terms of the grant. The provisions of the Restricted Shares or Restricted Stock Units need not be the same with respect to each Participant. 

  
 14 

 (b) Awards and Certificates. 

(1) In the Administrator’s sole discretion, as a condition of any Award of Restricted Shares, the Participant shall be required to
deliver a share transfer form, endorsed in blank, relating to the Shares covered by such Award. Restricted Shares and, upon the expiration of the Restricted Period, Shares, may be issued in either certificated or uncertificated form, in the
Administrator’s sole discretion. 
 (2) With respect to Restricted Stock Units at the expiration of the Restricted Period, Shares or
cash, as applicable, shall promptly be issued to the Participant, unless otherwise deferred in accordance with procedures established by the Company in accordance with Section 409A of the Code. Shares issued upon the expiration of the
Restricted Period of a Restricted Stock Unit Award may be issued in either certificated or uncertificated form, in the Administrator’s sole discretion. 

(3) Any certificate issued pursuant to this Section 9(b) shall be registered in the name of the Participant, shall bear an appropriate
legend referring to the terms, conditions and restrictions applicable to the underlying Award, if any, and shall, in the Administrator’s sole discretion, be held in the custody of the Company until the restrictions thereon shall have lapsed.

 (c) Restrictions and Conditions. The Restricted Shares or Restricted Stock Units granted pursuant to this Section 9 shall be
subject to the following restrictions and conditions and any additional restrictions or conditions as determined by the Administrator at the time of grant or, subject to Section 409A of the Code where applicable, thereafter: 

(1) The Administrator may, in its sole discretion, provide for the lapse of restrictions in installments. 

(2) Except as provided in the applicable Award Agreement, the Participant shall generally have the rights of a stockholder of the Company with
respect to Restricted Shares during the Restricted Period; provided, however, that dividends declared during the Restricted Period with respect to a Restricted Share Award shall only become payable if (and to the extent) the underlying
Restricted Shares vest. Except as provided in the applicable Award Agreement, the Participant shall generally not have the rights of a stockholder with respect to Shares subject to Restricted Stock Units during the Restricted Period;
provided, however, that, subject to Section 409A of the Code, an amount equal to dividends declared during the Restricted Period with respect to the number of Shares covered by Restricted Stock Units shall, unless otherwise set
forth in an Award Agreement, be paid to the Participant at the time (and to the extent) Shares or cash in respect of the related Restricted Stock Units are delivered to the Participant. 

(3) The rights of Participants granted Restricted Shares or Restricted Stock Units upon termination of employment or service as a director,
independent contractor or consultant to the Company or to any Affiliate thereof terminates for any reason during the Restricted Period shall be set forth in the Award Agreement. 

(d) Form of Settlement. The Administrator reserves the right in its sole discretion to provide (either at or after the grant thereof)
that any Restricted Stock Unit represent the right to receive the amount of cash per unit that is determined by the Administrator in connection with the Award. 

  
 15 

 Section 10. Conversion Awards. 

Effective upon consummation of the Separation, the Company shall be deemed to have issued Awards under the Plan (“Conversion
Awards”) to the extent, and on the terms, required to satisfy the obligations imposed on it under Section 1.09 of that certain Employee Matters Agreement dated as of April 1, 2019, by and among DowDuPont Inc., Dow Holdings Inc.
and the Company (the “Employee Matters Agreement”). The Conversion Awards shall be administered in accordance with the terms and conditions of the underlying DowDuPont Inc. award as of immediately before the Separation, as such
terms and conditions were modified by Section 1.09 of the Employee Matters Agreement, and the Conversion Awards shall otherwise be administered as an Award granted under this Plan to the extent not inconsistent with such terms and conditions as
modified. 
 Section 11. Other Share-Based Awards. 

Other Share-Based Awards may be issued under the Plan. Subject to the provisions of the Plan, the Administrator shall have sole and complete
authority to determine the individuals to whom and the time or times at which such Other Share-Based Awards shall be granted. Each Participant who is granted an Other Share-Based Award shall enter into an Award Agreement with the Company, containing
such terms and conditions as the Administrator shall determine, in its sole discretion, which may include, among other things, the number of shares of Common Stock to be granted pursuant to such Other Share-Based Awards, or the manner in which such
Other Share-Based Awards shall be settled (e.g., in shares of Common Stock, cash or other property), or the conditions to the vesting and/or payment or settlement of such Other Share-Based Awards (which may include, but not be limited to,
achievement of performance criteria) and all other terms and conditions of such Other Share-Based Awards. In the event that the Administrator grants a bonus in the form of Shares, the Shares constituting such bonus shall, as determined by the
Administrator, be evidenced in uncertificated form or by a book entry record or a certificate issued in the name of the Participant to whom such grant was made and delivered to such Participant as soon as practicable after the date on which such
bonus is payable. Notwithstanding anything set forth in the Plan to the contrary, any dividend or dividend equivalent Award issued hereunder shall be subject to the same restrictions, conditions and risks of forfeiture as apply to the underlying
Award. 
 Section 12. Cash Awards. 

The Administrator may grant Awards that are denominated in, or payable to Participants solely in, cash, as deemed by the Administrator to be
consistent with the purposes of the Plan, and, such Cash Awards shall be subject to the terms, conditions, restrictions and limitations determined by the Administrator, in its sole discretion, from time to time. 

Section 13. Change in Control. 
 (a)
Unless otherwise determined by the Administrator and evidenced in an Award Agreement, notwithstanding Section 4(d), in the event that (i) a Change 

  
 16 

 
in Control occurs and (ii) either (x) an outstanding Award is not assumed or substituted in connection therewith, or (y) an outstanding Award is assumed or substituted in connection
therewith and the Participant’s employment or service is terminated by the Company, its successor or an Affiliate thereof without Cause or by the Participant for Good Reason (if applicable) on or after the effective date of the Change in
Control but prior to twenty-four (24) months following the Change in Control, then: (1) any unvested or unexercisable portion of such Award carrying a right to exercise shall become fully vested and exercisable, and (2) the
restrictions, deferral limitations, payment conditions and forfeiture conditions applicable to such Award granted under the Plan shall lapse and be treated as satisfied, in each case with any performance conditions imposed in respect of such Award
deemed achieved at target performance levels and payment in respect of such Award pro-rated based on the elapsed proportion of the applicable performance period. 

(b) For purposes of this Section 13, an Award shall be considered assumed or substituted for if, following the Change in Control, the
Award remains subject to the same terms and conditions that were applicable to the Award immediately prior to the Change in Control except that, if the Award related to shares, the Award instead confers the right to receive common stock of the
acquiring entity. 
 Section 14. Amendment and Termination. 

The Board may amend, alter or terminate the Plan at any time, but no amendment, alteration or termination shall be made that would impair the
rights of a Participant under any Award theretofore granted without such Participant’s consent. The Board shall obtain approval of the Company’s stockholders for any amendment that would require such approval in order to satisfy the
requirements of any rules of the stock exchange on which the Common Stock is traded or other Applicable Law. The Administrator may amend the terms of any Award theretofore granted, prospectively or retroactively, but, subject to Section 5 and
the immediately preceding sentence, no such amendment shall materially impair the rights of any Participant without his or her consent. 

Section 15. Unfunded Status of Plan. 

The Plan is intended to constitute an “unfunded” plan for incentive compensation. With respect to any payments not yet made to a
Participant by the Company, nothing contained herein shall give any such Participant any rights that are greater than those of a general unsecured creditor of the Company. 

Section 16. Withholding Taxes. 
 Each
Participant shall, no later than the date as of which the value of an Award first becomes includible in the gross income of such Participant for purposes of applicable taxes, pay to the Company, or make arrangements satisfactory to the Administrator
regarding payment of, an amount up to the maximum statutory tax rates in the Participant’s applicable jurisdiction with respect to the Award, as determined by the Company. The obligations of the Company under the Plan shall be conditional on
the making of such payments or arrangements, and the Company shall, to the extent permitted by Applicable Laws, have the right to deduct any such 

  
 17 

 
taxes from any payment of any kind otherwise due to such Participant. Whenever cash is to be paid pursuant to an Award, the Company shall have the right to deduct therefrom an amount sufficient
to satisfy any applicable withholding tax requirements related thereto. Whenever Shares or property other than cash are to be delivered pursuant to an Award, the Company shall have the right to require the Participant to remit to the Company in cash
an amount, or to withhold from delivery Shares or other property with a value, sufficient to satisfy any related taxes to be withheld and applied to the tax obligations; provided, that, with the approval of the Administrator, a
Participant may satisfy the foregoing requirement by either (i) electing to have the Company withhold from delivery of Shares or other property, as applicable, or (ii) delivering already owned unrestricted shares of Common Stock, in each
case, having a value not exceeding the applicable taxes to be withheld and applied to the tax obligations. Such already owned and unrestricted shares of Common Stock or Shares withheld from delivery shall be valued at their Fair Market Value on the
date on which the amount of tax to be withheld is determined and any fractional share amounts resulting therefrom shall be settled in cash. Such an election may be made with respect to all or any portion of the Shares to be delivered pursuant to an
award. The Company may also use any other method of obtaining the necessary payment or proceeds, as permitted by Applicable Laws, to satisfy its withholding obligation with respect to any Award. 

Section 17. Transfer of Awards. 

Until such time as the Awards are fully vested and/or exercisable in accordance with the Plan or an Award Agreement, no purported sale,
assignment, mortgage, hypothecation, transfer, charge, pledge, encumbrance, gift, transfer in trust (voting or other) or other disposition of, or creation of a security interest in or lien on, any Award or any agreement or commitment to do any of
the foregoing (each, a “Transfer”) by any holder thereof will be valid, except with the prior written consent of the Administrator, which consent may be granted or withheld in the sole discretion of the Administrator. Any purported
Transfer of an Award or any economic benefit or interest therein in violation of the Plan or an Award Agreement shall be null and void ab initio and shall not create any obligation or liability of the Company, and any Person purportedly
acquiring any Award or any economic benefit or interest therein transferred in violation of the Plan or an Award Agreement shall not be entitled to be recognized as a holder of such Shares or other property underlying such Award. Unless otherwise
determined by the Administrator, an Option or a Share Appreciation Right may be exercised, during the lifetime of the Participant, only by the Participant or, during any period during which the Participant is under a legal disability, by the
Participant’s guardian or legal representative. 
 Section 18. Continued Employment or Service. 

Neither the adoption of the Plan nor the grant of an Award shall confer upon any Eligible Recipient any right to continued employment or
service with the Company or any Affiliate thereof, as the case may be, nor shall it interfere in any way with the right of the Company or any Affiliate thereof to terminate the employment or service of any of its Eligible Recipients at any time.

  
 18 

 Section 19. Effective Date. 

The Plan was adopted by the Board on May 6, 2019 and shall become effective on the Separation Date (the “Effective
Date”). 
 Section 20. Electronic Signature. 

A Participant’s electronic signature of an Award Agreement shall have the same validity and effect as a signature affixed by hand. 

Section 21. Term of Plan. 
 No Award
shall be granted pursuant to the Plan on or after the tenth anniversary of the date of its adoption by the Board, but Awards theretofore granted may extend beyond that date. 

Section 22. Securities Matters and Regulations. 

(a)    Notwithstanding anything herein to the contrary, the obligation of the Company to sell or deliver Shares with
respect to any Award 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 Administrator. The Administrator may require, as a condition of the issuance and delivery of certificates evidencing shares of Common Stock pursuant to the terms hereof, that the recipient of such shares make such
agreements and representations, and that such certificates bear such legends, as the Administrator, in its sole discretion, deems necessary or advisable. 

(b)    Each Award is subject to the requirement that, if at any time the Administrator determines that the listing,
registration or qualification of Shares 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 such Award 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
not acceptable to the Administrator. 
 (c)    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 and is not otherwise exempt from such registration, such Shares shall be restricted against transfer to the extent required by the Securities Act or regulations
thereunder, and the Administrator may require a Participant receiving Common Stock pursuant to the Plan, as a condition precedent to receipt of such Common Stock, to represent to the Company in writing that the Common Stock acquired by such
Participant is acquired for investment only and not with a view to distribution. 

  
 19 

 Section 23. Section 409A of the Code. 

The Plan as well as payments and benefits under the Plan are intended to be exempt from, or to the extent subject thereto, to comply with
Section 409A of the Code, and, accordingly, to the maximum extent permitted, the Plan shall be interpreted in accordance therewith. Notwithstanding anything contained herein to the contrary, to the extent required in order to avoid accelerated
taxation and/or tax penalties under Section 409A of the Code, the Participant shall not be considered to have terminated employment or service with the Company for purposes of the Plan and no payment shall be due to the Participant under the
Plan or any Award until the Participant would be considered to have incurred a “separation from service” from the Company and its Affiliates within the meaning of Section 409A of the Code. Any payments described in the Plan that are
due within the “short term deferral period” as defined in Section 409A of the Code shall not be treated as deferred compensation unless Applicable Law requires otherwise. Notwithstanding anything to the contrary in the Plan, to the
extent that any Awards (or any other amounts payable under any plan, program or arrangement of the Company or any of its Affiliates) are payable upon a separation from service and such payment would result in the imposition of any individual tax and
penalty interest charges imposed under Section 409A of the Code, the settlement and payment of such awards (or other amounts) shall instead be made on the first business day after the date that is six (6) months following such separation
from service (or death, if earlier). Each amount to be paid or benefit to be provided under the Plan shall be construed as a separate identified payment for purposes of Section 409A of the Code. The Company makes no representation that any or
all of the payments or benefits described in the Plan will be exempt from or comply with Section 409A of the Code and makes no undertaking to preclude Section 409A of the Code from applying to any such payment. The Participant shall be
solely responsible for the payment of any taxes and penalties incurred under Section 409A of the Code. 
 Section 24. Notification of Election
Under Section 83(b) of the Code. 
 If any Participant shall, in connection with the acquisition of shares of Common Stock under the
Plan, make the election permitted under Section 83(b) of the Code, such Participant shall notify the Company of such election within ten (10) days after filing notice of the election with the Internal Revenue Service. 

Section 25. No Fractional Shares. 

No fractional shares of Common Stock shall be issued or delivered pursuant to the Plan. The Administrator shall determine whether cash, other
Awards, or other property shall be issued or paid in lieu of such fractional shares or whether such fractional shares or any rights thereto shall be forfeited or otherwise eliminated. 

Section 26. Beneficiary. 
 A
Participant may file with the Administrator a written designation of a beneficiary on such form as may be prescribed by the Administrator and may, from time to time, amend or revoke such designation. If no designated beneficiary survives the
Participant, the executor or administrator of the Participant’s estate shall be deemed to be the Participant’s beneficiary. 

  
 20 

 Section 27. Paperless Administration. 

In the event that the Company establishes, for itself or using the services of a third party, an automated system for the documentation,
granting or exercise of Awards, such as a system using an internet website or interactive voice response, then the paperless documentation, granting or exercise of Awards by a Participant may be permitted through the use of such an automated system.

 Section 28. Severability. 
 If
any provision of the Plan is held to be invalid or unenforceable, the other provisions of the Plan shall not be affected but shall be applied as if the invalid or unenforceable provision had not been included in the Plan. 

Section 29. Applicable Policies. 

The Plan and all Awards and Shares issued hereunder shall be subject to the terms of the Company’s clawback policy, insider trading policy
and/or share ownership guidelines, if any, in each case as may exist from time to time and pursuant to the terms thereunder. 
 Section 30.
Governing Law. 
 The Plan shall be governed by, and construed in accordance with, the laws of the State of Delaware, without giving
effect to principles of conflicts of law of such state. 
 Section 31. Indemnification. 

To the extent allowable pursuant to applicable law, each member of the Board and the Administrator and any officer or other employee to whom
authority to administer any component of the Plan is delegated shall be indemnified and held harmless by the Company from any loss, cost, liability, or expense that may be imposed upon or reasonably incurred by such member in connection with or
resulting from any claim, action, suit, or proceeding to which he or she may be a party or in which he or she may be involved by reason of any action or failure to act pursuant to the Plan and against and from any and all amounts paid by him or her
in satisfaction of judgment in such action, suit, or proceeding against him or her; provided, however, that he or she gives the Company an opportunity, at its own expense, to handle and defend the same before he or she undertakes to handle and
defend it on his or her own behalf. The foregoing right of indemnification shall not be exclusive of any other rights of indemnification to which such individuals may be entitled pursuant to the Company’s Certificate of Incorporation or Bylaws,
as a matter of law, or otherwise, or any power that the Company may have to indemnify them or hold them harmless. 
 Section 32. Titles and
Headings, Statutory References. 
 The titles and headings of the sections in the Plan are for convenience of reference only and, in the
event of any conflict, the text of the Plan, rather than such titles or headings, shall control. References to sections of the Code, the Securities Act or the Exchange Act shall include any amendment or successor thereto. 

  
 21 

 Section 33. Successors. 

The obligations of the Company under the Plan shall be binding upon any successor corporation or organization resulting from the merger,
consolidation or other reorganization of the Company, or upon any successor corporation or organization succeeding to substantially all of the assets and business of the Company. 

Section 34. Relationship to other Benefits. 

No payment pursuant to the Plan shall be taken into account in determining any benefits under any pension, retirement, savings, profit sharing,
group insurance, welfare, or other benefit plan of the Company or any Affiliate except to the extent otherwise expressly provided in writing in such other plan or an agreement thereunder. 

  
 22EX-10.6

 Exhibit 10.6 

FONDATION DE PREVOYANCE EN FAVEUR DU PERSONNEL DE DUPONT DE NEMOURS INTERNATIONAL SÀRL 

PENSION PLAN RULES 
  

							
	CONTENTS	 	 	  	PAGE	 
			
	 INTRODUCTION
	 		  	 	1	 
			
	 SECTION 1
	 	 DEFINITIONS
	  	 	1	 
			
	 SECTION 2
	 	 PARTICIPATION
	  	 	4	 
			
	 SECTION 3
	 	 PARTICIPATION CREDIT
	  	 	4	 
			
	 SECTION 4
	 	 CONTRIBUTIONS
	  	 	5	 
			
	 SECTION 5
	 	 RETIREMENT AND DISABILITY PENSIONS
	  	 	10	 
			
	 SECTION 6
	 	 SURVIVORS’ PENSIONS
	  	 	15	 
			
	 SECTION 7
	 	 LUMP-SUM DEATH BENEFIT
	  	 	18	 
			
	 SECTION 8
	 	 PORTABLE BENEFIT
	  	 	19	 
			
	 SECTION 9
	 	 APPLICATION FOR AND PAYMENT OF PENSIONS
	  	 	21	 
			
	 SECTION 10
	 	 GENERAL RULES
	  	 	22	 
			
	 SECTION 11
	 	 DIVORCE
	  	 	24	 
			
	 SECTION 12
	 	 AMENDMENT OR TERMINATION OF THE PENSION PLAN
	  	 	26	 

 Approved on 20 April 2017 

PENSION PLAN RULES 

 FONDATION DE PREVOYANCE EN FAVEUR DU PERSONNEL DE DUPONT DE NEMOURS INTERNATIONAL SàrI 

INTRODUCTION 
 By deed dated January 25, 1962, DuPont
de Nemours International Sàrl (hereinafter referred to as the Founder) has established a Foundation for the purpose of providing economic protection to its employees, their dependants and survivors, against the effects of old age, death and
disability. This Foundation, which is organised under the provisions of the Swiss Civil Code, is known as the “Foundation for the Pension Plan of DuPont de Nemours International Sàrl” (hereinafter referred to as the Foundation). It
is administered in accordance with the statutes by a board (hereinafter referred to as the Board of the Foundation) made up of representatives of the employer and of its active participants. Further to Article 6 of the deed of Foundation, the Board
of the Foundation has adopted the regulations detailed below hereinafter referred to as the Plan) to supplement benefits payable under the various government plans. 

The Foundation for the Pension Plan of DuPont de Nemours International Sàr1 shall enforce the Swiss minimum compulsory legal requirements on pension
plans. The Foundation is registered with the Geneva Cantonal Authority and undertakes to fulfil all LPP requirements, more especially the provisions on the administration of Individual Retirement Accounts and Termination benefits. In the event of
any conflict with these Rules, the LPP legal provisions shall prevail. 
 SECTION 1 – DEFINITIONS 

Unless expressly stated otherwise, all references to persons in these regulations refer equally to both genders. 

For the purposes of this pension plan, the following definitions shall apply: 
  

	1.1	 Founder means DuPont de Nemours International Sàrl, represented by its Chairman or any of his
delegated representatives. 

  

	1.2	 Employer means the Founder and any Company affiliated to the Foundation. 

 

	1.3	 Group Company means any enterprise wholly owned by the Founder, E.I. DuPont de Nemours and
Company or any of its wholly owned or at least 50% owned subsidiaries. 

  

			
	PENSION PLAN RULES	  	Page 1

	1.4	 Plan means the Pension Plan for the Personnel of DuPont de Nemours International Sàrl as set
forth, herein. 

  

	1.5	 Employee means any person who works for the employer. 

 

	1.6	 Participant means an Employee or a former Employee insured by the Foundation. 

 

	1.7	 Active Participant means an Employee insured by the Foundation. 

 

	1.8	 Disabled Participant means an insured recognised as disabled by the AI. 

 

	1.9	 Pensioner means a former Participant who has received a retirement pension from the Foundation.

  

	1.10	 Portable Benefit means a capital amount to which a former Participant is entitled under the provisions
of Section 8. 

  

	1.11	 Surviving Spouse means the surviving spouse of a deceased Participant. 

 

	1.12	 Registered partner of the same gender: A partnership registered under the federal law of June 18,
2004 regarding registered partnership is treated as a marriage. This applies in particular to the eligibility for lump sum benefits, for the right to survivor benefits and the sharing of pension assets in case of cancellation of the partnership.

  

	1.13	 Child means the child in the sense of the Swiss Civil Code as well as a foster child for whom the
Participant participated substantially to his care (or did at the time of the Participant’s death). 

  

	1.14	 Orphan means the child of a deceased Participant, which child is under age of 20, or 25 if receiving
training as an apprentice or continuing in school as a full-time student. 

  

	1.15	 Half Orphan means an Orphan who has one surviving parent or stepparent. Remarriage of the surviving
parent or stepparent shall not change the status of Half Orphan. 

  

	1.16	 Whole Orphan means an Orphan who, at any time, has neither living parent nor stepparent.

  

	1.17	 Survivor(s) means the surviving Spouse and/or Orphan(s). 

 

	1.18	 Heir(s) means the heir(s) as described by the Swiss Civil Code. 

 

	1.19	 Leave of Absence means any absence approved in writing by the employer for a maximum of two years.

  

	1.20	 Disability means the incapacity to work as recognised by the AI of at least 25%. 

  

			
	PENSION PLAN RULES	  	Page 2

	1.21	 Social Security means the AVS and the AI. 

 

	1.22	 Monthly pay means the Participant’s monthly gross base salary, before deductions, based on his
regular working schedule, or for part-time employees the schedule adjusted for average percentage time worked as specified in Section 1.25, as paid by the employer or paid from another source during an unpaid leave of absence in accordance with
Section 3.2, plus an increment equal to 1/12 of said monthly gross salary to reflect the payment of a thirteenth month, but excluding any overtime, annual lump sum awards, family allowances, or other awards or perquisites.

 For sales employees rewarded under the Sales Incentive Compensation Policy (SICP), Monthly pay will be set as the
Theoretical Monthly pay for pension purposes. 
 Payments by the employer and by government or government-required sources made during a paid
leave of absence shall be treated as Monthly Pay. 
 The salary exceeding 10 times the maximum LPP salary shall not be taken into account
under this Pension Plan 
 The Foundation does not insure the pay received by the Participant from another employer. 

 

	1.23	 Social Security-Covered Pay means that portion of Monthly Pay, which equals 100% of the monthly
individual AVS pension. 

  

	1.24	 Pension-Bearing Pay means that portion of Monthly Pay in excess of Social Security-Covered Pay. Pension
Bearing Pay is not reduced in the event of an increase in the maximum AVS pension according to Section 1.23. 

  

	1.25	 Final Three-Year Pension-Bearing Pay means average Pension-Bearing Pay during the final 36 months, or
actual number of months if less than 36, in which Monthly Pay was received. For purposes of determining this average only, Pension-Bearing Pay applicable to each month of paid Leave of Absence shall be calculated in accordance with
Section 1.24. However, the base Monthly Pay shall not be less than the Monthly Pay earned for the last complete month immediately preceding the paid Leave of Absence. The Final Three-Year Pension-Bearing Pay of employees working or having
worked part-time will correspond to the amount calculated assuming an activity rate of 100% and be adjusted on the basis of the average percentage of time worked during the entire duration of the Participation Credit. 

 

	1.26	 Participation Credit means the sum of months in which Pension-Bearing Pay applies, increased by purchase
of benefits in accordance with Section 4.3 and reduced by withdrawal to finance home ownership or withdrawal due to a divorce. 

  

			
	PENSION PLAN RULES	  	Page 3

	1.27	 Normal Retirement Date means the first day of the calendar month following the date at which the
Participant attains age 65. 

  

	1.28	 Effective Date of Retirement means the first day of the calendar month in which actual retirement with
pension occurs. 

  

	1.29	 LPP means the Swiss Federal Law on Retirement, Dependants and Disability Pensions of June 25, 1982,
and any relevant implementing regulations. 

  

	1.30	 AVS means the Swiss old-age and survivors’ insurance
established by the federal law of December 20, 1946. 

  

	1.31	 AVS Retirement Age means age 65 for men and age 64 for women. 

 

	1.32	 AI means the Swiss disability insurance established by the federal law of June 19, 1959.

 SECTION 2 – PARTICIPATION 
  

	2.1	 This Defined Benefit Pension plan covers all employees who were Active Participants as at 30 June 2012 in
the Foundation. 

  

	2.2	 Participation ceases as of termination of employment when the employee leaves the Foundation; Section 8.5
a) remains applicable in the case of a transfer of the employee to a Group company while maintaining the Participation Credit already acquired. 

SECTION 3 – PARTICIPATION CREDIT 
  

	3.1	 An active Participant shall receive Participation Credit for each month in which he receives Pension-Bearing
Pay. For employees working or having worked part-time, an example is illustrated in the attachment 6 to the present rules. In order to calculate the average and amount of benefits in case of disability or death, future insurance years are taken into
consideration on the basis of the part-time worked at the time of such disability or death. 

 The Participation Credit is
increased by purchase of benefits in accordance with Section 4.3 and reduced by withdrawal to finance home ownership or withdrawal due to a divorce. 

  

			
	PENSION PLAN RULES	  	Page 4

	3.2	 An active Participant placed on unpaid Leave of Absence while temporarily performing duties outside the
employer at its request and with its approval who continues to contribute shall receive Participation Credit for such periods on the basis of Pension-Bearing Pay calculated in accordance with Sections 1.23 and 1.24. 

 

	3.3	 An active Participant placed on unpaid Leave of Absence who ceases to contribute shall also cease to receive
Participation Credit but he shall retain all Participation Credit previously accrued. 

  

	3.4	 A Participant who becomes disabled as defined in Section 1.20 shall be granted a Disability pension under
Section 5.5 and remains eligible for survivor benefits. He will benefit from a Participation Credit for the period during which he receives a disability pension pro rata to the degree of the AI. 

 

	3.5	 An Employee transferred to the employer from a Group Company may, subject to the approval of the Board of the
Foundation acting on prior notice of the employer, receive credit for all prior continuous participation in one or more pension plans of Group Companies in determining employee and survivor benefit participation eligibility under this Plan.

  

	3.6	 Prior Participation Credit, in addition to that acquired as a Participant, may be granted by the Board of the
Foundation on prior notice of the employer. Unless otherwise specified in this Plan, the Board of the Foundation on prior notice of the employer shall determine Pension-Bearing Pay applicable to grants of Participation credit. 

 

	3.7	 Apprentices shall receive Participation Credit for periods of contractual apprenticeship carried out at the
employer after age 20 upon attaining the status of Employee. The pension for such periods shall be calculated on the same basis as the Monthly Pay actually paid to the employee as a Participant. 

SECTION 4 – CONTRIBUTIONS 
  

	4.1	 Participant Contributions 

 

	 	a)	 Active Participants shall contribute to this Plan an amount equal to 8% of Pension-Bearing Pay. Whenever
possible, payroll deductions shall be utilised to obtain the contributions and will be transmitted by the employer to the Foundation. 

  

			
	PENSION PLAN RULES	  	Page 5

	 	b)	 Participants who become disabled as defined in Section 1.20 shall have no obligation to make contributions
to the Plan after their Monthly Pay ceases. Such obligation shall resume should they again receive Monthly Pay. 

  

	4.2	 Employer Contributions 

The employer’s contributions shall be at least equal to the aggregate contributions paid by Participants. They may be withdrawn by the
Foundation, from contributions reserves accounted for and destined for this use. 
  

	4.3	 Buying in of benefits 

 

	 	A.	 All active Participants must transfer in the Foundation their portable benefits from their previous pension
funds and from any other recognized institutions. 

 If the transfer is made within 6 months after the date of entry in the
Foundation, these portable benefits will be used to buy in participation credits, according to the table of present value of annual pension published in attachment 1. 

If the transfer is made after the 6 months following the date of entry in the Foundation, these portable benefits will be kept in the
Foundation in favour of the Participant and credited with an interest equal to this credited on voluntary contributions, according to Section 4.4 C. 

Any excess of portable benefits will be transferred to a blocked account with a recognized institution. 

 

	 	B.	 All active Participants may also buy in additional participation credit, by submitting, within 6 months joining
the Foundation, a financial plan outlining such buying in, which must be scrupulously followed or any future participation credit that the Participant committed to buy could no longer be acquired. This buying in of participation credit will be made
according to the table of actual annual values published as attachment 1. The total buying in of participation credits may not exceed the normal retirement pension, which would have been accumulated in participating to the present plan as from the
age of 20. The number of years of participation credit cannot exceed 45. 

 All remaining amounts to be paid from financial
plans for the buying in of benefits can be financed by a one time-payment. 
 During an unpaid Leave of Absence, the active Participant must
make the payments according to his financing plan. Failing them, the financing plan will end. 

  

			
	PENSION PLAN RULES	  	Page 6

	4.4	 Voluntary contributions from Participants 

Any active participant who has been a Participant of the Foundation for more than 6 months and who has already completed the payment schedule
he committed to for buying benefits according to Section 4.3 B may make voluntary contributions to the Foundation in order to buy complementary pension benefits. 

An active Participant on unpaid Leave of Absence who ceases to contribute can not make voluntary contributions during the Leave of Absence.

 For the calculation of the present value of the accrued pension, the number of years of participation credit cannot exceed 45. 

 

	 	A.	 The maximum amount for these voluntary contributions is equal to the difference between the following two
amounts: 

  

	 	a)	 Present value of maximum accrued pension, with participation credit calculated from age 20 until the date of
payment, based on the pensionable salary and present value factor at the date of payment (see attachment 1). 

  

	 	b)	 Present value of accrued pension plus voluntary contributions with interest accrued at the date of payment.

  

	 	B.	 Active Participants, who made voluntary contributions up to the maximum amount according to Section 4.4 A,
may make additional contributions into a separate account to pre-finance the reduction of benefits resulting from early retirement (retirement account). 

The maximum value in this account is equal to the amount required to allow a Participant to retire as early as from age 58 with the same
pension he would have received at normal retirement age (based on the same pensionable salary at the retirement date). The exact amount is calculated using the actuarial basis adopted by the Foundation on the calculation date (an example is
illustrated in the attachment 5 to the present rules). 
 If a Participant has pre-financed the
entire reduction of his retirement pension and continues to work for the employer beyond the retirement age initially planned, the Participant and the employer stop making contributions. 

The retirement pension of a Participant, who has pre-financed the reduction of his pension and
doesn’t retire at the retirement age initially planned, shall be reduced to the extent that it exceeds 105% of the projected pension for Normal Retirement Date. 

  

			
	PENSION PLAN RULES	  	Page 7

	 	C.	 The interest credited on the voluntary contributions will be calculated as follows: 

 

	 	a)	 For all voluntary contributions made on or after March 1st
2012, the interest will be credited based on the rolling average net investment return of the whole Foundation over the previous 5 calendar years, less 0.15% to cover administration charges. Should the rolling return calculation be negative, zero
interest credit will be applied. 

  

	 	b)	 For all voluntary contributions made prior to March 1st
2012, along with all interest credited to these funds: the interest credited on these voluntary contributions is equal to the net return of the whole Foundation portfolio less 1% for administration fees and investment risks, subject to at least the
minimum LPP interest rate. 

 The interest credited is subject to the discretion of the Board of the Foundation, which
retains the right to withhold any interest credit on voluntary contributions if such an interest credit would risk the financial stability of the overall fund. 
  

	 	D.	 These voluntary contributions give eligibility to the following benefits: 

 

	 	a)	 At the normal or early retirement date, to a pension, the amount of which is calculated based on the
accumulated capital plus interests and attachment 2. The Participant may request the payment of all or part of this pension as a lump sum. The request is irrevocable and must reach the Board of the Foundation at least three months before the normal
or early retirement date. If the Participant is married, the spouse’s signature is required for a lump sum payment. 

  

	 	b)	 In the case of disability as defined in Section 1.20, to an accumulated capital plus interests at the time
of disability, when the Foundation begins the payment of the disability pension. If the Participant is married, the spouse’s signature is required for a lump sum payment. 

 

	 	c)	 In case of death before retirement date, to an accumulated capital plus interests to be paid to survivors at
the time of death, in accordance with Section 7.1. 

  

	 	d)	 Should the Participant leave the employment of the employer, the accumulated capital plus interests would be
paid in addition to the benefit defined in Section 8, as of his leaving from the Foundation. 

  

			
	PENSION PLAN RULES	  	Page 8

	4.5	 General provisions for buying in benefits and voluntary contributions 

 

	 	A.	 The Participant must transfer in the Foundation all his vested benefits from previous pension funds and from
any other recognized institutions before he can buy in benefits and/or make voluntary contributions. 

  

	 	B.	 The maximum amounts for buying in benefits and making voluntary contributions will be offset by:

  

	 	a)	 The accrued assets from 3rd pillar a by independent persons 

 

	 	b)	 Any vested benefits from previous pension funds which could not have been transferred in the Foundation.

  

	 	C.	 Benefits resulting from additional contributions as defined in Sections 4.3 B and 4.4 cannot be paid as a lump
sum before a three year waiting period from receipt of payment. 

  

	 	D.	 When anticipated payments have been made to finance home ownership, additional contributions as defined in
Sections 4.3 B and 4.4 will be first considered as a reimbursement of these anticipated payments, and only amounts above these anticipated payments as a true voluntary contribution. 

 

	 	E.	 For Participants coming from abroad and who have never been affiliated to a Swiss pension plan, the maximum
voluntary contributions as defined in Section 4.3 B and Section 4.4 cannot exceed 20% of the pensionable salary for the 5 years following their date of entry in a Swiss pension fund. The limit of 20% does not apply when the transfer is
made directly from a foreign pension plan and the employee does not claim any fiscal advantages on the transferred amount. 

  

	4.6	 Underfunding 

  

	 	A.	 If and for as long as the Foundation is underfunded according to the LPP, the Board of the Foundation may
require a supplementary contribution from the employer, Participants and Pensioners. It may also carry out appropriate benefit reductions or use any other measure permitted by law. 

 

	 	B.	 The supplementary contribution from the employer should only be charged with its consent to the extent that
this will be used to finance extra-mandatory benefits. 

  

	 	C.	 The supplementary contribution is not included in the calculation of the Portable Benefit.

  

			
	PENSION PLAN RULES	  	Page 9

	 	D.	 If a supplementary contribution is demanded, the Board of the Foundation will inform the Participants about:

  

	 	a)	 its rate or amount; 

  

	 	b)	 the expected period to be paid; 

 

	 	c)	 distribution between the employer and Participants. 

SECTION 5 – RETIREMENT AND DISABILITY PENSION 
  

	5.1	 Normal Retirement Pension 

 

	 	A.	 Eligibility - A Participant who reaches his Normal Retirement Date shall become eligible for a normal
retirement pension. Retirement shall be compulsory upon reaching the Normal Retirement Date. 

  

	 	B.	 Pension Amount - The monthly normal retirement pension for each Participant shall be:

 Monthly Pension = [1.8% x Sdf x S] / 12 

Sdf = Final Three-Year Pension-Bearing Pay as defined in Section 1.25. 

S = Months of Participation Credit, at most 540, or 45 years. 

The monthly pension calculated under this section shall be in addition to any pension payable by Social Security. 

 

	5.2	 Early Retirement Pension 

Eligibility - An active Participant who is at least aged 58 shall become eligible for voluntary early retirement upon his request and
provided he ceases to earn an income from the employer. 
 Pension Amount - The early retirement pension shall be determined by: 

 

	 	1.	 Calculating a basic pension amount, as provided in Section 5.1 B and 

 

	 	2.	 Reducing this amount by 4% per year preceding the normal retirement date (for example, at age 58 the reduction
is 28% and at age 61 the reduction is 16%). 

  

			
	PENSION PLAN RULES	  	Page 10

 The following transition measures will be applied: 

 

	 	A.	 For the Participants aged 58 or above as at 31 December 2012, the pension amount is reduced by 4% per year
between age 58 and 59, 3% per year between age 59 and 62 and no reduction between age 62 and age 65 (for example, at age 58 the reduction is 13% and at age 61 the reduction is 3%). 

 

	 	B.	 For the Participants aged between 50 and 57 as at 31 December 2012, the pension amount is reduced by 2%
per year preceding the normal retirement date (for example, at age 58 the reduction is 14% and at age 61 the reduction is 8%). 

The reduction is pro rated when the number of years is fractional. 
  

	5.3	 Facilitated Retirement 

Upon the employer’s request, the Foundation can waive, partially or entirely, the reduction applied to the retirement pension in case of
early retirement (Section 5.2). The employer bears the costs resulting from this waiver. 
  

	5.4	 Lump Sum Option for Retirement Pension 

In respect of the Normal or Early Retirement Pension as provided in Sections 5.1 and 5.2, a Participant may require that a part, maximum 50%,
of his pension be converted into a lump sum payment at the date of retirement. 
 The same actuarial and technical bases used to define the
level of funding of the pension plan will also be applied to calculate the lump sum, see Table attachment 2 of the present rules. 
 In case
of conversion of part of the pension, only the remaining portion will be taken into consideration for future survivors’ pensions (Section 6) and any future post-retirement pension adjustments, which may be granted. 

The Participants who so elect shall give notice of their intention in writing to the Board of the Foundation with the percentage of pension
they wish to convert to a lump sum. This request is irrevocable and must reach the Board of the Foundation at least one month before the normal or early retirement date in accordance with Sections 5.1 & 5.2. For married Participants, the written
agreement of their spouse is required. The Foundation may require an authenticated signature. 
 Any Retirement Pension which annual amount
is less than 10% of the minimum AVS retirement pension will be paid as a lump sum. 

  

			
	PENSION PLAN RULES	  	Page 11

	5.5	 Disability Pension 

 

	 	A.	 Eligibility - A Participant who becomes disabled as defined in Section 1.20 shall be retired as a
Disability Pensioner. Should such a Pensioner no longer be disabled in the sense of Section 1.20 before reaching Normal Retirement, his Disability retirement pension shall cease and the provisions of Section 8.6 shall apply.

 At normal retirement date, the disability retirement pension will be converted into a normal retirement pension of the
same amount. 
  

	 	B.	 Pension Amount - The monthly Disability retirement pension shall be the sum of two parts as follows:

  

	 	1.	 An amount based on pension retirement entitlement at the date of Disability Retirement, calculated as provided
in Section 5.1B, 

 Plus 
  

	 	2.	 An amount equal to [1.8% x Sdf x Sp] / 12 

Sdf = Final Three-Year Pension-Bearing Pay as defined in Section 1.25. 

Sp = Months of projected Participation Credit assuming the Pensioner had continued as a Participant until reaching Normal Retirement Date, at
most 540, or 45 years. 
  

	 	C.	 The disabled participant has the right to a disability orphan pension for each child who would have an orphan
pension under Section 6.2. The child disability pension will amount to the minimum LPP benefit. 

  

	 	D.	 In case of partial disability the pension amount calculated under Section 5.5. B will be adjusted as
follows in accordance with the degree of disability determined by the AI: 

  

			
	Disability according to AI	  	Disability benefits of the Foundation
		
	Less than 25%	  	No pension
		
	as from 25%	  	one quarter of a pension
		
	as from 50%	  	half a pension
		
	as from 60%	  	three-quarters of a pension
		
	as from 70%	  	full pension

 The disability pension is not paid as long as the Participant receives his salary or any allowances in
lieu of his salary provided that these allowances represent at least 80% of the salary lost and that they have been funded to at least 50% by the employer. 

  

			
	PENSION PLAN RULES	  	Page 12

 In the event of reduction or elimination of the disability pension due to a reduction of the
degree of disability, the previous disability pension shall be kept as long as the Participant qualifies according to the article 26a LPP. The revision of the disability pension granted because of a syndrome pathogenesis without deficit and without
clear organic remains reserved (as per final disposition of LPP from 18 March 2011). The Foundation reduces its disability pension up to the new disability rates of AI, provided that such reduction is offset by additional income realized by the
Participant. 
  

	 	E.	 Maximum Total Disability Pensions - In no event shall the combined total of Disability Pensions due
(children pension included) in respect to any month from a) this plan, b) the Social Security, c) the employer’s insurance plans and d) the old age benefits paid by Swiss or foreign social insurances or pension funds after the AVS Retirement
Age exceed the greater of: 

  

	 	a)	 100% of the disabled participant’s final Monthly Pay or 

 

	 	b)	 100% of his three-year average monthly pay. 

For purposes of calculation, benefits, which are not in the form of a monthly pension, shall be converted to such form in accordance with the
actuarial rules of this Plan. 
 The following items are also taken into account: 

 

	 	a)	 Salary possibly paid by the employer or allowances paid to replace the loss of income; 

 

	 	b)	 The income received by a disabled Participant from exercising a gainful occupation as well as all income that a
disabled Participant could still reasonably achieve. However, the additional income realised during the execution of a new measure of rehabilitation proposed by the AI is not taken into account. 

The allowances for disabled persons and the compensations for breach of integrity are not taken into account.

  

			
	PENSION PLAN RULES	  	Page 13

 
The Foundation will not compensate any benefits denied or refused relying on Article 25 OPP2, Article 20 (2ter) and (2quarter) LAA, or Article 47(1) LAM. This paragraph applies by analogy to
foreign benefits. 
 If benefits are reduced following a divorce, the benefits to which the Participant would have been entitled without the
reduction shall be authoritative. 
  

	5.6	 Temporary complementary pension 

 

	 	A.	 A pensioner eligible for an early retirement pension as defined in Section 5.2 and who has not yet
attained the normal AVS retirement age may upon request receive a temporary complementary pension. 

  

	 	B.	 The amount of the temporary complementary pension shall be chosen by the pensioner but it may not exceed an
amount equal to that of the Swiss federal single person old-age pension (AVS) acquired by the pensioner during employment with the employer, nor may result in a reduction of the pension of more than 30%. The
amount chosen may not be later modified. 

  

	 	C.	 The temporary complementary pension shall cease as of the normal AVS retirement age but at the latest following
the pensioner’s death. Survivors shall not be eligible for the temporary complementary pension. 

  

	 	D.	 The amount necessary to finance the temporary complementary pension shall be determined by an actuarial
calculation according to a table using the same actuarial basis and techniques used to define the level of pension funding - see attachment 3; it shall be levied by equal deductions from the pension payable to the beneficiary of the
temporary complementary pension as of normal AVS retirement age and during the entire period of such payment of pension or eventual payment of widow or orphan pensions. 

 

	 	E.	 Requests for temporary complementary pensions must be made prior to the first payment of early retirement
pension. 

  

	5.7	 Pension payable to the Child of a Pensioner 

 

	 	A.	 Entitlement - The beneficiary of a retirement pension (early or normal) is entitled to a pension payable
for each child who would be entitled to an Orphan Pension under Section 6.2. 

  

	 	B.	 Pension amount - The child pension of a Pensioner amounts to the minimum LPP benefit.

  

			
	PENSION PLAN RULES	  	Page 14

 SECTION 6 - SURVIVORS’ PENSIONS 

 

	6.1	 Surviving Spouse Pension 

 

	 	A.	 Eligibility - When a Participant dies, his surviving Spouse shall receive a pension.

  

	 	B.	 Pension Amount 

 

	 	1.	 The pension for the Surviving Spouse of a deceased retirement Pensioner shall be 60% of the pension formerly
paid to the deceased Pensioner. 

  

	 	2.	 The monthly pension for the Surviving Spouse of an active or disabled Participant shall be 60% of his presumed
normal retirement pension. The presumed normal retirement pension equals the sum of: 

  

	 	a)	 An amount based on the deceased’s pension entitlement at the time he ceased to be a Participant,
calculated as provided in Section 5.1 B, 

 Plus 

 

	 	b)	 An amount equal to [1.8% x Sdf x Sp] / 12 

Sdf = Final Three-Year Pension-Bearing Pay as defined in Section 1.25. 

Sp = Months of projected Participation Credit assuming the deceased had continued as a Participant until reaching Normal Retirement Date, at
most 540, or 45 years. 
  

	 	3.	 The Surviving Spouse pension shall be subject to reductions as provided in Sections 6.1 C and D and 6.3.

  

	 	C.	 Reduction of Surviving Spouse Pension - If the Surviving Spouse is at least 10 years younger than the
deceased spouse, the annual survivor’s pension shall be reduced by 1% per year for each year or fraction thereof exceeding the 10 years’ age difference 

 

	 	D.	 Marriage after reaching the age of 65 - When a deceased Pensioner has contracted marriage after reaching
the age of 65, the Surviving Spouse’s pension, reduced if appropriate according to C above, shall be further reduced according to the following scale: 

  

			
	PENSION PLAN RULES	  	Page 15

					
	Age at marriage	  	Rate of reduction	 
	66	  	 	20	% 
	67	  	 	40	% 
	68	  	 	60	% 
	69	  	 	80	% 

 No Surviving Spouse’s pension shall be payable if the marriage was contracted after the age of 69, or if
at the time of the marriage, the Pensioner had reached age 65 and suffered from a serious disease which was known to him and of which he died. 
  

	 	E.	 Termination of Surviving Spouse Pension - A Surviving Spouse’s pension shall cease with payment
made for the quarter in which he dies or remarries. If he remarries, he will be paid a settlement allowance equal to 3 years of Surviving Spouse pension payments in lieu of further pension payments. 

 

	 	F.	 The benefits for a divorced Spouse are limited to that of the minimum LPP benefit. 

 

	6.2	 Orphan Pensions 

 

	 	A.	 Eligibility - When a Participant dies, each of his Orphans shall receive a pension.

  

	 	B.	 Orphan Status - Orphans shall be designated as Half or Whole Orphans in accordance with Sections 1,15
and 1.16 except that a Half Orphan may be declared a Whole Orphan by the Board of the Foundation on the recommendation of the employer when no support is available from the surviving parent or step-parent. 

 

	 	C.	 Pension Amount - Orphan pension shall be the following percentage of the actual or presumed employee
pension used to calculate Surviving Spouse Pension as provided in Section 6.1 B: 

  

					
	Each Half Orphan	  	 	15	% 
	Each Whole Orphan	  	 	30	% 

 The Orphan pension shall be subject to reductions as provided in Section 6.3. 

  

			
	PENSION PLAN RULES	  	Page 16

	 	D.	 Termination of Orphan Pension - An Orphan’s pension shall cease with the payment made for the
quarter in which he reaches age 20, or 25 if receiving training as an apprentice or continuing in school as a full-time student. If an Orphan, who is receiving an orphan pension is permanently disabled when he reaches the age mentioned above, the
Orphan pension will continue to be payable according to the degree of disability, and as long as the disability continues. 

  

	6.3	 Maximum Total Surviving Spouse and Orphan Pensions 

In no case shall the combined total of Surviving Spouse and Orphan pensions due in respect of any month from this Plan, Lump Sum Death Benefit
under Section 7, Social Security and employer Insurance plans exceed the greater of 100% of the deceased’s final Monthly Pay or his final three-year average Monthly Pay. The combined total of the Surviving Spouse and Orphan pensions
paid in any month from this Plan only shall not exceed 100% of: 
  

	 	a)	 the deceased’s actual normal or early retirement pension from this Plan or 

 

	 	b)	 his presumed normal retirement pension calculated according to Section 5.1 B. Any necessary reductions
shall be applied pro rata to each Foundation pension. For purpose of calculation, benefits, which are not in the form of a monthly pension, shall be converted to such form in accordance with the actuarial rules of this Plan. 

After the normal AVS retirement age, the old age benefits paid by Swiss or foreign social insurances or pension funds are also taken into
account. 
 The Foundation will not compensate any benefits denied or refused relying on Article 25 OPP2, Article 20 (2ter) and (2quarter)
LAA, or Article 47(1) LAM. This paragraph applies by analogy to foreign benefits.. 

  

			
	PENSION PLAN RULES	  	Page 17

 If benefits are reduced following a divorce, the benefits to which beneficiaries would have
been entitled without the reduction shall be authoritative. 
 Survivor pensions, after reflecting any applicable reductions, are generally
fixed as of the time they are first payable. However, such pensions will be reviewed and recalculated as necessary whenever there is a change in a) the calculation basis for benefits paid from the above sources, or b) the number of beneficiaries.
For the purpose of this calculation, the last monthly salary or the average monthly salary of the last three years before death will be indexed to the cost of living. 

SECTION 7 - LUMP-SUM DEATH BENEFIT 
  

	7.1	 Lump-sum Death Benefit 

 

	 	A.	 Entitlement - When an active or disabled Participant dies due to a cause other than an accident, his or
her beneficiaries shall receive a lump sum payment. 

 The beneficiaries are understood to be, in the following order: 

 

	 	a)	 the surviving spouse, 

 

	 	b)	 failing him, the Participant’s children who are in receipt of an Orphan’s Pension, in equal shares,

  

	 	c)	 failing him, the dependants of the Participant, or the person who cohabitated with the latter for an
uninterrupted period of at least 5 years immediately before his death, or who supports one or more common child, in equal shares, 

  

	 	d)	 failing them, any children of the Participant who are not beneficiaries of an Orphan’s pension, parents or
brothers and sisters in equal shares, 

  

	 	e)	 failing them, other legal heirs, excluding public bodies, in the amount of 50% of the lump-sum benefit. 

 The Participant may modify the foregoing order of beneficiaries by
sending during his or her lifetime a written appointment, to the Foundation: 
  

	 	a)	 he may grant all or part of the lump-sum death benefits to the
surviving spouse, or his children who are beneficiaries of an Orphan’s Pension. 

  

			
	PENSION PLAN RULES	  	Page 18

	 	b)	 instead of the granting of equal shares, he may provide for a different distribution of the lump-sum death benefit in favour of persons in one of the categories provided in paragraphs a) et seq. above. 

Failing an appointment, beneficiaries must claim their entitlement from the Foundation within 6 months of the Participant’s death. They
must show that they meet the required conditions. If there are no beneficiaries, within the meaning of this Section, the lump-sum death benefits shall vest with the Foundation. 

 

	 	B.	 Amount - The lump-sum death benefit is 13 times the
Participant’s gross Monthly Pay at the time of death. 

  

	7.2	 Minimum lump-sum death capital - In the event of the death of a Participant, entitlement to a lump-sum death benefit is established. If the deceased’s own contributions exceed the benefits already paid and benefits due under this Plan, the difference is paid as a
lump-sum death capital. The term “own contributions of the deceased” is understood to mean contributions to Portable Benefits, buying in credits and personal contributions, including voluntary
contributions, all with interest until the end of the month in which the contributions were paid. The term “benefits paid and benefits due” is understood to mean benefits paid to the insured and his survivors in the form of a pension or
capital, as well as the capitalised value of survivors’ pensions which begin to run after the death. The lump-sum death benefit is paid to a beneficiary defined under Section 7.1.

 SECTION 8 - PORTABLE BENEFIT 
  

	8.1	 Entitlement 

If an active Participant leaves the Foundation prior to an insured event (retirement, disability or death), he is entitled to a portable
benefit. The portable benefit earns interest at the minimum LPP rate from that date. Once the Foundation has paid the portable benefit it is released from all benefit obligations. During one month after leaving the Foundation a Participant remains
covered for disability and death risks. Should the Participant take up new employment before the end of this period, the new pension institution is liable. 
  

	8.2	 Amount of the portable benefit 

The portable benefit is equivalent to the actual value of the acquired vested rights (on the principle of defined benefits). The actual value
factors are shown in attachment 1 to the present rules. The vested rights are composed of: 
  

	 	a)	 An annual retirement pension equal to 1.8% of the last three years average pension bearing pay at the time the
employee leaves the company, multiplied by the number of years and months of participation accumulated or bought (participation credit) at that date. 

  

			
	PENSION PLAN RULES	  	Page 19

	 	b)	 An annual Surviving Spouse’s pension equal to 60% of the retirement pension. 

The portable benefit will be at least equivalent to: 
  

	 	a)	 Portable benefits brought in plus any participation credit plus interest, 

 

	 	b)	 The amount of contributions paid by the Participant, with interest, increased by 4% per annum as
of age 20, but not more than 100% as of age 45 (see table on attachment 4 to the present rules). 

 The interest rate
generally equals to the LPP minimum rate; in case of an underfunding, the LPP minimum rate can be decreased by 0.5%. 
  

	8.3	 Attribution of a portable benefit 

The amount of the portable benefit is transferred to the pension institution of the new employer in accordance with the instructions given to
the Foundation by the Participant. 
 If the Participant does not start work with a new employer, he may choose between subscribing a
portable benefits policy and opening a portable benefits account with a pension fund. 
 If the Foundation fails to transfer these benefits
within 30 days of receipt of all the relevant information, it shall pay default interest from that time. 
 If the Participant fails to
provide the requisite information within the specified time limit, the Foundation shall transfer the Portable Benefits, including interest, to the Substitute Pension Plan at the earliest 6 months, and at the latest 2 years, after termination of
employment. 
  

	8.4	 Payment in cash 

Cash payment may be made only if the Participant 
  

	 	a)	 is entitled to portable benefits of less than the equivalent of one year of participation,

  

	 	b)	 leaves Switzerland permanently, subject to restrictions imposed by international agreements.

  

	 	c)	 leaves the employer to become self-employed, and produces appropriate justification such as registration to the
Commercial Register. 

 If the Participant is married, for any payment in cash, the written agreement of the spouse must be
obtained. The Foundation may require an authenticated signature. 

  

			
	PENSION PLAN RULES	  	Page 20

	8.5	 Transfer to a Group Company 

If Plan participation is terminated because of transfer of the Participant to a Group Company, the employer may direct that: 

 

	 	a)	 instead of obtaining a right to future benefits, he retains the Participation Credit already accrued provided,
however, that he leaves his own contributions with the Foundation and does not acquire any new benefit participation credit under this Plan; or 

  

	 	b)	 his Participation Credit be transferred to the Group Company. 

The Plan participation of any Participant, who has retained his Participant Credit with the Foundation according letter a) above, shall end
when he starts a new employment with the employer. 
  

	8.6	 Disabled Participants 

A Disabled Participant who is no longer considered as disabled and who is re-employed by the employer
shall again become eligible for participation in the Plan, in which event he shall retain all prior Participation Credit (including participation credit accumulated during the period of disability) as if he had contributed to the plan until the end
of disability. If he is not re-employed by the employer he shall receive the Portable Benefit to which he would have been entitled had his employment been terminated at the time he became a Disabled
Participant. 
 SECTION 9 - APPLICATION FOR AND PAYMENT OF PENSION 
  

	9.1	 Beneficiaries entitled to payment of benefits under this Plan shall be required to execute application forms
and provide reasonable proof of facts as the Foundation may require. 

  

	9.2	 Retirement pensions shall be paid monthly in advance beginning with the month of effective date of retirement
and terminating at the end of the month in which the Pensioner dies. 

  

	9.3	 Pensions payable to the Survivor(s) shall be paid monthly in advance and shall terminate in accordance with the
provision of Section 6. 

  

	9.4	 If a Pensioner is re-employed by the employer as an Employee, he may
with the consent of the employer retain all rights of a Pensioner, but without accruing additional Participation Credit. 

  

	9.5	 The amount of the monthly pension computed in accordance with this Plan, if not in whole Swiss francs, shall be
increased to the next higher Swiss franc. 

  

			
	PENSION PLAN RULES	  	Page 21

 SECTION 10 - GENERAL RULES 
  

	10.1	 This Plan shall not be construed as giving any person the right of employment with the employer or any Group
Company. 

  

	10.2	 Pension and other benefits derived from this Plan are for the sole benefit of the beneficiaries thereof and are
not subject to assignment, transfer, enforcement, or levy of any kind except to the extent required by law. 

  

	10.3	 All contributions and benefits payable under this Plan shall be calculated and paid out in Swiss Francs. In the
event a Participant’s Monthly Pay is in a currency other than Swiss Francs, his Monthly Pay for the purposes of this Plan shall be the Swiss Franc equivalent of such Monthly Pay converted at the official rate of exchange at the time it is due.

  

	10.4	 The Foundation, following a decision of the Board of the Foundation, may reduce the benefits accordingly if the
AI refuses, reduces or stops benefits because the beneficiary has provoked his death or disability by a serious offence or refuses to follow rehabilitation measure proposed by the AI. However, the reduction may not exceed the extent of the
reduction, withdrawal or refusal decided by the AVS / AI. 

  

	10.5	 The current pensions in payment are inflation-adjusted according to the financial capabilities of the
Foundation. The Board of the Foundation shall decide each year if and to what extent current pensions should be adjusted. The Foundation will include these decisions in its annual report. The minimum provisions of the LPP are reserved.

  

	10.6	 All Participants may pledge their portable benefits (maximum accumulated until age 50 or if above, half of that
accumulated at the time of the request should it be after age 50) and at the latest at age 62 either by pledge or early withdrawal for 

  

	 	a)	 Acquisition or construction of a residence, 

 

	 	b)	 Acquisition of part of a co-operative habitable residence,

  

	 	c)	 Redemption of existing mortgages. 

Only the principal domicile is covered by such an arrangement. 

The payment incurs simultaneously a reduction of benefits calculated under the present Plan. For the married Participant, the agreement of his
spouse is required. The Foundation may require an authenticated signature. 
 The Participant or his heirs must reimburse the amount received
from the Foundation if: 
  

	 	a)	 the property is sold, 

  

			
	PENSION PLAN RULES	  	Page 22

	 	b)	 equivalent economic transfer rights are granted on the property, 

 

	 	c)	 no benefits are payable under this plan in the event of the Participant’s death. 

 

	10.7	 All circumstances not covered by the present Rules will be settled by the Board of the Foundation according to
its statutes and according to any laws or orders of the Supervisory Authority 

  

	10.8	
Claims between insured persons, beneficiaries, an employer and the Foundation shall 
be brought before the competent Cantonal tribunal. 

 These Plan Rules have been established
in French; they can be translated into other languages. In case of any discrepancies between the French text and the translation, the French text is binding. 
  

	10.9	 When the Foundation, as the last known pension plan, has a temporary obligation to assume payment of disability
or survivors’ benefits, the entitlement is limited to the minimal LPP requirements. If it is later established with certainty that the Foundation is not responsible for payment of benefits, it will reclaim such benefits. 

 

	10.10	 Each Participant receives a benefits statement at the time of joining the Foundation, when there is an
insurance modification, and in the case of marriage, but at least once a year. 

 The benefits statement contains
information about the Participant’s individual insurance conditions, particularly the following amounts: insured benefits, Pension Bearing Pay, contributions, and portable benefits. In the event of discrepancy between the benefits statement and
these Pension Plan Rules, the Rules shall take precedence. 
 At least once a year, the Foundation shall inform each Participant, in an
appropriate manner, about the Foundation’s organisation, funding, and the composition of the Board of the Foundation. 
 The Foundation,
upon request, shall send Participants a copy of the annual report and financial statements and inform them about the return on capital, the trend in actuarial risk, administration costs, principles for calculating the liabilities, supplemental
provisions and coverage ratio. 
  

	10.11	 Benefits are generally paid into an account in Switzerland; in case of payments made into an account abroad,
benefits are reduced by the bank service charges. However, beneficiaries domiciled in a member state of EU or EFTA may request payment on an account in their country of residence without any reduction. 

 

	10.12	 The Foundation can claim repayment of benefits wrongfully obtained or paid, in particular portable benefits
which have been provided to eligible disabled participants. If no repayment occurs, the Foundation shall reduce its benefits accordingly. 

  

			
	PENSION PLAN RULES	  	Page 23

	10.13	 The Foundation may require to an eligible disabled participant or survivors of a Participant that they
surrender their rights to a third party civil liability for the disability or death to the extent of the benefits of the Foundation, and provided that it is not, under the LPP, subrogated to the rights of the insured person’s survivors or other
rightful claimants. The Foundation is authorized to suspend its services until the assignment is reached. 

  

	10.14	 The benefits of the Foundation cannot be sold or pledged as long as they are not payable. The right to pledge
remains reserved as part of encouraging home ownership. Entitlement to benefits cannot be offset against claims that the employer has transferred to the Foundation that if these claims are intended contributions that have not been deducted from
salary. 

 SECTION 11 - DIVORCE 
  

	11.1	 The Foundation only executes final divorce judgments (decrees absolute) delivered by Swiss courts.

  

	11.2	 If an active Participant is liable under a pension-sharing order, the Foundation shall reduce his benefits as
follows: 

  

	 	a.	 the amount decided by the court shall first be deducted from the voluntary contributions account; the balance,
if any, shall be deducted from the participation credit based on the rates in Annex 1; as a result, all benefits calculated on the basis of the voluntary contribution account and participation credit are reduced; all the Participant’s other
individual accounts shall be reduced proportionately; 

  

	 	b.	 if a Participant retires before the end of the divorce proceedings, the Foundation may temporarily pay
retirement benefits based on the information available; the exact amount of the retirement benefits will be determined at the end of the divorce procedure; any excess retirement benefits paid shall be deducted from the pension-sharing benefit to the
extent they cannot be offset against the Participant’s future benefits. 

  

	11.3	 If a disabled Participant is liable under a pension-sharing order, the Foundation shall reduce his benefits as
follows: 

  

	 	a.	 the participation credit used to calculate the disability pension in payment will be reduced by the amount
decided by the court; the rates set in the Rules applicable at the start of the entitlement to a pension shall apply; all the Participant’s other accounts shall be reduced proportionately;

  

			
	PENSION PLAN RULES	  	Page 24

	 	b.	 the disability pension will then be recalculated (reduced) based on the reduced participation credit; the Rules
applicable at the start of the entitlement to the pension shall apply; any disabled Participant’s child’s pensions in payment will not be reduced; any future disabled Participant’s child’s pensions will be calculated on the
reduced disability pension; 

  

	 	c.	 any other pension benefits determined on the basis of the participation credit will also be recalculated
(reduced) based on the reduced participation credit. 

  

	11.4	 If the beneficiary of a retirement pension (including the former beneficiaries of disability pensions) is
liable under a pension-sharing order, the Foundation shall reduce his benefits as follows: 

  

	 	a.	 the retirement pension in payment shall be reduced by the amount decided by the court; the reduction will be
converted into a lifelong pension in accordance with Article 19h OLP which the Foundation shall pay to the beneficiary spouse (divorce pension); 

  

	 	b.	 the reduction in the retirement pension does not affect any Pensioner’s child’s pensions in payment,
or any orphan’s pensions superseding Pensioner’s child’s pensions. However, any new child’s pensions or orphan’s pensions shall be calculated based on the reduced retirement pension. 

 

	11.5	 As a rule, the pension-sharing benefit (vested termination benefit or divorce pension) shall be paid to the
occupational benefits institution of the beneficiary spouse or, if he has none, to a vested benefits institution. However: 

  

	 	a.	 if the beneficiary spouse satisfies the conditions of Article 5 LFLP, or if he is drawing a full disability
pension, the pension-sharing benefit will be paid to him directly at his request; 

  

	 	b.	 if the beneficiary spouse has reached the age of 58, the divorce pension will be paid to him directly at his
request; 

  

	 	c.	 if the beneficiary spouse has reached the LPP normal retirement age, the pension-sharing benefit will be paid
to him directly unless he asks for it to be transferred to his occupational benefits institution if the latter accepts such transfers; 

  

	 	d.	 at the request of the beneficiary spouse, the divorce pension will be replaced by a single lump-sum settlement calculated in accordance with the principles set forth in Article 19h OLP; 

  

	 	e.	 the divorce pension is payable until the death of the beneficiary spouse; from this time, no other benefits
(survivor benefits, indemnities, etc.) shall be due to the beneficiary spouse. 

  

			
	PENSION PLAN RULES	  	Page 25

	11.6	 Active Participants whose participation credit was reduced in connection with a divorce may increase their
participation credit at any time, but not after the occurrence of an insured event, through voluntary contributions. The restrictions in Section 4.3 are not applicable. However, such purchases may not exceed the amount transferred in connection
with the divorce. Purchases made after the effective date of the decree absolute shall reduce the purchase allowance in connection with the divorce. Pensioners and disabled Participants cannot make voluntary contributions to compensate the reduction
in their pension following a divorce. 

  

	11.7	 If an active or disabled Participant is the beneficiary of a pension-sharing order (lump sum or pension), the
Foundation shall apply the amounts received in the same way as a portable benefit The corresponding provisions apply by analogy. The minimum LPP pension assets shall be increased insofar as the Foundation receives such benefits. If a Pensioner is
the beneficiary of a pension-sharing order, the corresponding benefits shall be disbursed directly to him and shall not affect the benefits under these Rules. 

 

	11.8	 In the event of a divorce, the Foundation shall provide the information under Article 24 LFLP and Article 19k
OLP to the Participant or the court on request. 

  

	11.9	 At the request of the Participant or the court, the Foundation will examine a pension-sharing proposal and
express its opinion in writing (feasibility statement). 

 SECTION 12 - AMENDMENT OF THE PENSION PLAN 

These Plan Rules may be amended at any time by the Board of the Foundation. 

These rules replace all previous plan rules and become effective on 1 January 2017. 

Encs. ment. 

  

			
	PENSION PLAN RULES	  	Page 26

 ATTACHMENT 1 - In force as of 1 January 2017 

FACTORS TO CONVERT CHF.1.- OF ACCRUED ANNUAL PENSION 

INTO PORTABLE BENEFIT 

 

							
	 AGE
	  	 MEN
	  	 AGE
	  	 WOMEN

	 20

21
 22

23
 24

25
 26

27
 28

29
 30

31
 32

33
 34

35
 36

37
 38

39
 40

41
 42

43
 44

45
 46

47
 48

49
 50

51
 52

53
 54

55
 56

57
 58

59
 60

61
 62

63
 64

65
	  	 3.333

3.566
 3.800

4.033
 4.267

4.500
 4.734

4.967
 5.201

5.434
 5.668

5.901
 6.135

6.368
 6.602

6.835
 7.069

7.302
 7.536

7.769
 8.003

8.236
 8.470

8.703
 8.937

9.170
 9.447

9.733
 10.028

10.333
 10.647

10.972
 11.308

11.655
 12.014

12.385
 12.770

13.169
 13.583

14.013
 14.460

14.924
 15.407

15.909
 16.430

16.971
	  	 20

21
 22

23
 24

25
 26

27
 28

29
 30

31
 32

33
 34

35
 36

37
 38

39
 40

41
 42

43
 44

45
 46

47
 48

49
 50

51
 52

53
 54

55
 56

57
 58

59
 60

61
 62

63
 64

65
	  	 3.333

3.548
 3.763

3.978
 4.193

4.408
 4.623

4.838
 5.053

5.268
 5.483

5.698
 5.913

6.129
 6.344

6.559
 6.774

6.989
 7.204

7.419
 7.634

7.849
 8.064

8.279
 8.494

8.709
 8.974

9.248
 9.530

9.822
 10.123

10.435
 10.756

11.089
 11.433

11.789
 12.158

12.541
 12.937

13.347
 13.773

14.214
 14.672

15.146
 15.638

16.148

 

					
		
	EXAMPLES :	  			
		
	 In case of arrival :
	  			
	 Man aged 28 years & 5 months :
	  	 	5.298	 
	 Final Three-Year Pension Bearing Pay :
	  	 	70’000	 
	 Portable benefit from previous pension fund :
	  	 	19’695	 
		
	Cost of one year of service :	  			
	 1.8% x 70’000 x 5.298 =
	  	 	6’676	 
		
	Participation credit bought :	  			
	 19’695 / 6’676 =
	  	 	3 years	 
	
	 ************************************************
	  

		
	 In case of departure :
	  			
	 Man aged 29 years & 7 months :
	  	 	5.571	 
	 Final Three-Year Pension Bearing Pay :
	  	 	75’000	 
	Accrued participation credit :	  	 	4 years and 8 months	 
		
	Accrued annual pension :	  			
	 1.8% x 75’000 x (4 + 8/12) =
	  	 	6’300	 
		
	Portable benefit at departure :	  			
	 6’300 x 5.571 =
	  	 	35’097	 
		
	 Mortality table LPP2015 (P 2015)
	  			
	 Technical interest rate: 3.0 % p.a.
	  			

 
 

 ATTACHMENT 2 - In force as of 1 January 2017 

FACTORS TO CONVERT CHF.1.- OF ANNUAL PENSION 

INTO A LUMP SUM 
 MEN

					
	 AGE
	  	 MARRIED
	  	 NOT MARRIED

	 58

59
 60

61
 62

63
 64

65
 66
	  	 19.911

19.530
 19.143

18.748
 18.346

17.936
 17.520

17.095
 16.663
	  	 17.625

17.211
 16.792

16.369
 15.942

15.510
 15.074

14.632
 14.185

 WOMEN 

					
	 AGE
	  	 MARRIED
	  	 NOT MARRIED

	 58

59
 60

61
 62

63
 64

65
 66
	  	 19.654

19.262
 18.861

18.452
 18.034

17.606
 17.170

16.724
 16.269
	  	 18.756

18.359
 17.953

17.540
 17.118

16.689
 16.251

15.805
 15.351

  

					
	 EXAMPLE :
	  			
		
	 Married man retiring at the age of 62 years & 2 months :
	  	 	18.278	 
	 Accrued annual pension :
	  	 	60’000	 
	 Participant’s choice :
            lump sum

                   
                            pension
	  	 
 
	40
 60
	% 
 % 

		
	 Lump sum :
	  			
	 60’000 x 40% x 18.278 =
	  	 	438’672	 
	 Annual pension :
	  			
	 60’000 x 60% =
	  	 	36’000	 
		
	 Mortality table LPP2015 (P 2015)
	  			
	 Technical interest rate: 3.0 % p.a.
	  			

 
ATTACHMENT 3 - In force as of 1 January 2017 
 FACTORS TO REDUCE THE BASE
PENSION TO FINANCE THE 
 TEMPORARY COMPLEMENTARY PENSION 

 

							
	 AGE
	  	 MEN
	  	 AGE
	  	 WOMEN

	 58

59
 60

61
 62

63
 64

65
	  	 0.470

0.396
 0.324

0.254
 0.187

0.123
 0.060

0.000
	  	 58

59
 60

61
 62

63
 64
	  	 0.401

0.329
 0.258

0.191
 0.125

0.061
 0.000

  

					
	 EXAMPLE :
	  			
		
	 Man retiring at the age of 62 years & 2 months :
	  	 	0.176	 
	 Years of AVS contributions with the employer :
	  	 	32 years	 
	 Maximum monthly AVS pension for 44 years of contributions :
	  	 	2’350	 
		
	 Monthly temporary complementary pension until age 65 :
	  			
	 2’350 x 32 / 44 =
	  	 	1’709	 
		
	 Deduction from the monthly base pension as of age 65 for life :
	  			
	 1’709 x 0.176 =
	  	 	301	 
		
	 Mortality table LPP2015 (P 2015)
	  			
	 Technical interest rate : 3.0 % p.a.
	  			

 ATTACHMENT 5 - In force as of 1 January 2017 

EXAMPLE FOR THE PREFINANCING OF EARLY RETIREMENT 
  

					
	 EXAMPLE:
	  			
		
	 Married man of :
	  	 	40 years old	 
	 Accrued participation credit :
	  	 	20 years	 
	 Maximum participation credit until age 65 :
	  	 	45 years	 
	 Request for the prefinancing of an early retirement at age :
	  	 	age 58	 
	 Final Three-Year Pension
	  			
	 Bearing Pay :
	  	 	120’000	 
	 Retirement pension projected at age 65 :
	  			
	 1.8% x 120’000 x 45 =
	  	 	97’200	 
	 Actuarial reduction at age 58 :
	  			
	 (65-58) x 4% =
	  	 	28.00	% 
	 Retirement pension projected at age 58 :
	  			
	 1.8% x 120’000 x 38 x (1-28%) =
	  	 	59’098	 
	 Maximum retirement pension that could be financed :
	  			
	 97’200 - 59’098 =
	  	 	38’102	 
	 Factor according to attachment 2 for a married man of age 58 :
	  	 	19.911	 
	 Capital requested at age 58 :
	  			
	 38’102 x 19.911
	  	 	758’649	 
	 Maximum amount for the prefinancing at age 40 :
	  			
	 758’649 x (1+3.0%) ^ (-(58-40)) =
	  	 	445’627	 

 This is for an illustration purpose only. The actual retirement pension will depend on the actual interest rate
credited on the voluntary contributions. 
 Mortality table LPP2015 (P 2015) 

Technical interest rate: 3.0 % p.a.

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