Document:

Exhibit 10.1

 

TE CONNECTIVITY LTD.

 

2007 STOCK AND INCENTIVE PLAN

(AMENDED AND RESTATED AS OF SEPTEMBER
17, 2020)

 

ARTICLE I

PURPOSE

 

1.1 Purpose. The purposes of this
TE Connectivity Ltd. 2007 Stock and Incentive Plan (Amended and Restated as of September 17, 2020)) (the “Plan”)
are to promote the interests of TE Connectivity Ltd. (and any successor thereto) by (i) aiding in the recruitment and
retention of Directors and Employees, (ii) providing incentives to such Directors and Employees by means of performance-related
Awards to achieve short-term and long-term performance goals, (iii) providing Directors and Employees an opportunity to participate
in the growth and financial success of the Company, and (iv) promoting the growth and success of the Company’s business
by aligning the financial interests of Directors and Employees with that of the other stockholders of the Company. Toward these
objectives, the Plan provides for the grant of Stock Options, Stock Appreciation Rights, Annual Performance Bonuses, Long Term
Performance Awards and other Stock-Based Awards.

 

1.2 Effective Dates; Shareholder Approval.
The Plan was originally effective June 29, 2007. The Plan has been amended and restated from time to time since its original
effective date. The Plan was most recently approved by shareholders on March 8, 2017 to provide for the issuance of additional
shares under the Plan, and to make certain technical revisions and improvements. This amended and restated Plan was adopted by
the Board of Directors of the Company on September 17, 2020 for the purpose of adding certain administrative amendments relating
to the vesting and/or forfeiture of Awards.

 

ARTICLE II

DEFINITIONS

 

For purposes of the Plan, the following
terms have the following meanings, unless another definition is clearly indicated by particular usage and context, and except as
otherwise provided in an Award Certificate:

 

“Acquired Company”
means any business, corporation or other entity acquired by the Company or any Subsidiary.

 

“Acquired Grantee”
means the grantee of a stock-based award of an Acquired Company and may include a current or former Director of an Acquired Company.

 

“Annual Performance Bonus”
means an Award of cash or Shares granted under Section 4.4 that is paid solely on account of the attainment of a specified
performance target in relation to one or more Performance Measures.

 

“Award” means
any form of incentive or performance award granted under the Plan, whether singly or in combination, to a Participant by the Committee
pursuant to any terms and conditions that the Committee may establish and set forth in the applicable Award Certificate. Awards
granted under the Plan may consist of:

 

(a)“Stock Options”
awarded pursuant to Section 4.3;

 

(b)“Stock Appreciation
Rights” awarded pursuant to Section 4.3;

 

(c)“Annual Performance
Bonuses” awarded pursuant to Section 4.4;

 

(d)“Long Term Performance
Awards” awarded pursuant to Section 4.5;

 

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(e)“Other Stock-Based Awards”
awarded pursuant to Section 4.6;

 

(f)“Director Awards”
awarded pursuant to Section 4.7; and

 

(g)“Substitute Awards”
awarded pursuant to Section 4.8.

 

“Award Certificate”
means the document issued, either in writing or through an electronic medium, by the Committee or its designee to a Participant
evidencing the grant of an Award.

 

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

 

“Cause” means
misconduct that is willfully or wantonly harmful to the Company or any of its Subsidiaries, monetarily or otherwise, including,
without limitation, conduct that violates the Company’s Code of Ethical Conduct.

 

“Change in Control”
means the first to occur of any of the following events:

 

(a)any “person” (as
defined in Section 13(d) and 14(d) of the Exchange Act, excluding for this purpose, (i) the Company or any Subsidiary
or (ii) any employee benefit plan of the Company or any Subsidiary (or any person or entity organized, appointed or established
by the Company for or pursuant to the terms of any such plan that acquires beneficial ownership of voting securities of the Company),
is or becomes the “beneficial owner” (as defined in Rule 13d-3 under the Exchange Act) directly or indirectly
of securities of the Company representing more than 30 percent of the combined voting power of the Company’s then outstanding
securities; provided, however, that no Change in Control will be deemed to have occurred as a result of a change in ownership percentage
resulting solely from an acquisition of securities by the Company; or

 

(b)persons who, as of the Effective
Date constitute the Board (the “Incumbent Directors”) cease for any reason (including without limitation, as a result
of a tender offer, proxy contest, merger or similar transaction) to constitute at least a majority thereof, provided that any
person becoming a Director of the Company subsequent to the Effective Date shall be considered an Incumbent Director if such person’s
election or nomination for election was approved by a vote of at least 50 percent of the Incumbent Directors; but provided
further, that any such person whose initial assumption of office is in connection with an actual or threatened proxy contest relating
to the election of members of the Board or other actual or threatened solicitation of proxies or consents (including through the
use of any proxy access procedures that are included in the Company’s organizational documents) by or on behalf of a “person”
(as defined in Section 13(d) and 14(d) of the Exchange Act) other than the Board, including by reason of agreement intended
to avoid or settle any such actual or threatened contest or solicitation, shall not be considered an Incumbent Director; or

 

(c)consummation of a reorganization,
merger or consolidation or sale or other disposition of at least 80 percent of the assets of the Company (a “Business
Combination”), in each case, unless, following such Business Combination, all or substantially all of the individuals and
entities who were the beneficial owners of outstanding voting securities of the Company immediately prior to such Business Combination
beneficially own directly or indirectly more than 50 percent of the combined voting power of the then outstanding voting securities
entitled to vote generally in the election of directors, of the company resulting from such Business Combination (including, without
limitation, a company which, as a result of such transaction, owns the Company or all or substantially all of the Company’s
assets either directly or through one or more Subsidiaries) in substantially the same proportions as their ownership, immediately
prior to such Business Combination, of the outstanding voting securities of the Company; or

 

(d)consummation of a complete liquidation
or dissolution of the Company;

 

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provided, however, that if and to the extent that any
provision of this Plan or an Award Certificate would cause a payment of deferred compensation that is subject to Code Section 409A(a)(2)
to be made upon the occurrence of a “Change in Control,” or would change the timing and/or form of any payment of deferred
compensation that is subject to Code Section 409A(a)(2) upon a specified date or event occurring after a “Change in
Control” or upon a “Change in Control Termination,” then such payment shall not be made, or such change in timing
or form of payment shall not occur, unless such “Change in Control” is also a “change in ownership or effective
control” of the Company within the meaning of Code Section 409A(a)(2)(A)(v) and applicable regulations and rulings thereunder.

 

“Change in Control Termination”
means a Participant’s involuntary termination of employment following a Change in Control under one of the following circumstances:

 

(a)termination of the Participant’s
employment by the Company for any reason other than for Cause, Disability or death during the twelve (12) month period immediately
following the Change in Control;

 

(b)termination of the Participant’s
employment by the Participant after one of the following events that occurs during the twelve (12) month period immediately following
the Change in Control:

 

i.the Company
(1) assigns or causes to be assigned to the Participant duties inconsistent in any material respect with his or her
position as in effect immediately prior to the Change in Control; (2) makes or causes to be made any material adverse
change in the Participant’s position, authority, duties or responsibilities; or (3) takes or causes to be taken
any other action which, in the reasonable judgment of the Participant, would cause him or her to violate his or her ethical
or professional obligations (after written notice of such judgment has been provided by the Participant to the Company and
the Company has been given a 15-day period within which to cure such action), or which results in a significant diminution in
such position, authority, duties or responsibilities; or

 

ii.the Company, without the Participant’s
consent, (1) requires the Participant to relocate to a principal place of employment more than fifty (50) miles from
his or her existing place of employment; or (2) reduces the Participant’s base salary, annual bonus, or retirement,
welfare, stock incentive, perquisite (if any) and other benefits taken as a whole.

 

provided, however, that none of the events
described in this sentence shall constitute a Change in Control Termination unless and until (w) the Participant first notifies
the Company in writing describing in reasonable detail the condition which constitutes an event described in this clause (b) within
ninety (90) days of its occurrence, (x) the Company fails to cure such condition within thirty (30) days after the Company’s
receipt of such written notice, (y) notwithstanding such efforts, the condition continues to exist, and (z) the Participant terminates
employment within sixty (60) days after the end of such thirty (30)-day cure period.

 

“Code” means
the United States Internal Revenue Code of 1986, as amended.

 

“Committee”
means the Management Development and Compensation Committee of the Board or any successor committee or subcommittee of the Board,
which committee is comprised solely of two or more persons who are outside directors within the meaning of Section 162(m)(4)(C)(i)
of the Code and the applicable regulations and nonemployee directors within the meaning of Rule 16b-3(b)(3) under the Exchange
Act.

 

“Common Stock”
means the common stock of the Company, $.57 (CHF) par value, and such other securities or property as may become subject to Awards
pursuant to an adjustment made under Section 5.3.

 

“Company” means
TE Connectivity Ltd., a Swiss company, or any successor thereto.

 

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“Deferred Stock Unit”
means a Unit granted under Section 4.6 to acquire Shares upon Termination of Directorship or Termination of Employment, subject
to any restrictions that the Committee, in its discretion, may determine.

 

“Director”
means a member of the Board who is a “non-employee director” within the meaning of Rule 16b-3(b)(3) under the
Exchange Act.

 

“Director Shares”
means the award of fully-vested Shares to a Director under Section 4.6 as part of the Director’s annual compensation,
or under such circumstances as are deemed appropriate by the Board.

 

“Disabled”
or “Disability” means the inability of the Director or Employee to perform the material duties pertaining to
such Director’s directorship or such Employee’s employment due to a physical or mental injury, infirmity or incapacity
for 180 days (including weekends and holidays) in any 365-day period. The existence or nonexistence of a Disability shall
be determined by an independent physician selected by the Company and reasonably acceptable to the Director or Employee. Notwithstanding
the above, if and to the extent that any provision of this Plan or an Award Certificate would cause a payment of deferred compensation
that is subject to Code Section 409A(a)(2) to be made upon the occurrence of a “Disability” or upon a person becoming
 “Disabled,” or would cause a change in the timing or form of payment of such deferred compensation upon the occurrence
of a “Disability” or upon a person becoming “Disabled,” then such payment shall not be made, or such change
in timing or form of payment shall not occur, unless such “Disability” or condition of being “Disabled”
satisfies the requirements of Code Section 409A(a)(2)(C) and applicable regulations and rulings thereunder.

 

“Dividend Equivalent”
means an amount equal to the cash dividend or the Fair Market Value of the stock dividend that would be paid on each Share underlying
an Award if the Share were duly issued and outstanding on the date on which the dividend is payable. Dividend Equivalents will
not be awarded in connection with stock option or Stock Appreciation Rights Awards.

 

“Effective Date”
means September 17, 2020.

 

“Employee”
means any individual who performs services as an officer or employee of the Company or a Subsidiary.

 

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

 

“Exercise Price”
means the price of a Share, as fixed by the Committee, which may be purchased under a Stock Option or with respect to which the
amount of any payment pursuant to a Stock Appreciation Right is determined.

 

“Fair Market Value”
of a Share means the closing sales price on the New York Stock Exchange (or, if not listed on such exchange, on any other principal
securities exchange on which the Common Stock is listed) on the date as of which the determination of Fair Market Value is being
made or, if no sale is reported for such day, on the next preceding day on which a sale of Shares was reported. Notwithstanding
anything to the contrary herein, the Fair Market Value of a Share will in no event be determined to be less than par value.

 

“Fair Market Value Stock
Option” means a Stock Option the Exercise Price of which is fixed by the Committee at a price equal to the Fair Market
Value of a Share on the date of grant.

 

“GAAP” means
United States generally accepted accounting principles.

 

“Incentive Stock Option”
means a Stock Option granted under Section 4.3 that is intended to meet the requirements of Section 422 of the Code and
any related regulations and is designated in the Award Certificate to be an Incentive Stock Option.

 

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“Key Employee”
means an Employee who is a “covered employee” within the meaning of Section 162(m)(3) of the Code.

 

“Key Performance Indicator”
means a Performance Measure identified at the business unit level (or other business level) to reflect growth, productivity or
quality, as appropriate, for the business’ key initiatives for the Performance Cycle.

 

“Long Term Performance
Award” means an Award granted under Section 4.5 that is paid solely on account of the attainment of a specified
performance target in relation to one or more Performance Measures or other performance criteria as selected in the discretion
of the Committee.

 

“Non-Employee Director”
means any member of the Board, elected or appointed, who is not otherwise an Employee of the Company or a Subsidiary. An individual
who is elected to the Board at an annual meeting of the stockholders of the Company will be deemed to be a member of the Board
as of the date of the meeting.

 

“Nonqualified Stock Option”
means any Stock Option granted under Section 4.3 of the Plan that is not an Incentive Stock Option.

 

“Other Stock-Based Awards”
means Awards which consist of, or are denominated in, payable in, valued in whole or in part by reference to, or otherwise related
to, Shares and are issued under Section 4.6.

 

“Participant”
means a Director, Employee or Acquired Grantee who has been granted an Award under the Plan.

 

“Performance Cycle”
means, with respect to any Award that vests based on Performance Measures, the period of 12 months or longer over which the
level of performance will be assessed.

 

“Performance Measure”
means, with respect to any Annual Performance Bonus or Long Term Performance Award, the business criteria selected by the Committee
to measure the level of performance of the Company during the Performance Cycle. The Committee may select as the Performance Measure
for a Performance Cycle for an Award made to a Key Employee that is intended to be a Qualified Performance-Based Award any one
or combination of the following Company measures, as interpreted by the Committee, which measures (to the extent applicable) will
be determined in accordance with GAAP and which measures may be defined on an absolute, relative, growth or other appropriate basis
as is determined by the Committee and also may be determined at the corporate or business unit/segment level as deemed appropriate
by the Committee:

 

(a)Net operating profit after taxes;

 

(b)Net operating profit after taxes,
per Share;

 

(c)Return on equity or invested
capital;

 

(d)Return on assets (including,
without limitation, designated assets, net assets employed or net assets);

 

(e)Total shareholder return;

 

(f)Earnings (including, without
limitation, pre-tax earnings, retained earnings, earnings before interest and taxes, and earnings before interest, taxes, depreciation
and amortization);

 

(g)Earnings per Share or book value
per share;

 

(h)Net income or operating income;

 

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(i)Cash flow (including without
limitation, operating cash flow and free cash flow);

 

(j)Free cash flow per Share or cash
flow return on investment;

 

(k)Revenue (or any component thereof);

 

(l)Key Performance Indicator

 

(m)Return on sales, sales, sales
per dollar of assets, sales per employee;

 

(n)Economic value added;

 

(o)Expenses or reductions in costs
or debt; or

 

(p)Achievements relating to asset
management, environmental health and/or safety goals, regulatory achievements, recruiting or maintaining key personnel, customer
growth, research and development activities, strategic sustainability metrics, mergers, acquisitions, dispositions or similar business
transactions, business or operating goals such as market share, business development and/or customer objectives.

 

The Committee may specify that
Performance Measures may include adjustments to include or exclude the effects of certain events, including any of the
following events: the impairment of tangible or intangible assets; asset write-downs; litigation or claim judgments or
settlements; acquisitions or divestitures; gains or losses on the sale of assets; severance, contract termination and other
costs relating to certain business activities; gains or losses from the disposition of businesses or assets or from the early
extinguishment of debt; foreign exchange gains and/or losses; changes in tax law, accounting principles, accounting estimates
or other such laws or provisions affecting reported results; the effect of any statements issued by the Financial Accounting
Standards Board or its committees; business combinations, reorganizations and/or restructuring programs, including, but not
limited to reductions in force and early retirement incentives; currency fluctuations; any unusual, infrequent or
non-recurring items, including, but not limited to, such items described in management’s discussion and analysis of
financial condition and results of operations or the financial statements and/or notes thereto appearing in the
Company’s annual report for the applicable period; and expenses related to goodwill and other intangible assets, stock
offerings, stock repurchases and loan loss provisions. In addition, if the Committee determines that a change in the
business, operations, corporate structure or capital structure of the Company, or the manner in which it conducts its
business, or other events or circumstances render the Performance Measures unsuitable, the Committee may in its discretion
modify such Performance Measures or the related level or levels of achievement, in whole or in part, as the Committee deems
appropriate and equitable, except in the case of a Qualified Performance-Based Award where such action would result in the
loss of the otherwise available exemption of the award under Section 162(m) of the Code.

 

“Performance Unit”
means a Long Term Performance Award denominated in dollar Units.

 

“Plan” means
the TE Connectivity Ltd. 2007 Stock and Incentive Plan (Amended and Restated as of September 17, 2020), as it may be amended
from time to time.

 

“Premium-Priced Stock
Option” means a Stock Option the Exercise Price of which is fixed by the Committee at a price that exceeds the Fair Market
Value of a Share on the date of grant.

 

“Qualified Performance-Based
Compensation” means any Annual Performance Bonus, Long Term Performance Award or Performance Units to a Key Employee
that is intended to satisfy the requirements for “qualified performance-based compensation” under Section 162(m) of
the Code.

 

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“Reporting Person”
means a Director or an Employee who is subject to the reporting requirements of Section 16(a) of the Exchange Act.

 

“Restricted Stock”
means Shares issued pursuant to Section 4.6 that are subject to any restrictions that the Committee, in its discretion, may
impose.

 

“Restricted Unit”
means a Unit granted under Section 4.6 to acquire Shares or an equivalent amount in cash, which Unit is subject to any restrictions
that the Committee, in its discretion, may impose.

 

“Retirement”
or “Retired” means (i) with respect to an Award issued prior to the Effective Date, Termination of Employment on or
after a Participant has attained age fifty-five (55) and has completed at least five years of service with the Company and
its Subsidiaries; and (ii) with respect to an Award issued on or after the Effective Date, Termination of Employment on or after
a Participant has attained age 55 and has completed at least five years of service, provided that the sum of the Participant’s
age and years of service with the Company is 65 or higher.

 

“Retirement Notice”
means a written notice provided by a Participant to the Company of the Participant’s Retirement at least six months (or one
year in the case of a Band 0, Band 1 or Band 2 Employee) prior to the Participant’s Termination of Employment as a result
of Retirement.

 

“Securities Act”
means the United States Securities Act of 1933, as amended.

 

“Share” means
a share of Common Stock.

 

“Stock Appreciation Right”
means a right granted under Section 4.3 to an amount in cash or Shares equal to any difference between the Fair Market Value
of the Shares as of the date on which the right is exercised and the Exercise Price, where the amount of Shares attributable to
each Stock Appreciation Right is set forth on or before the grant date.

 

“Stock-Based Award”
means an Award granted under Section 4.6 and denominated in Shares.

 

“Stock Option”
means a right granted under Section 4.3 to purchase from the Company a stated number of Shares at a specified price. Stock
Options awarded under the Plan may be in the form of Incentive Stock Options or Nonqualified Stock Options.

 

“Subsidiary”
means a subsidiary company (wherever incorporated) of the Company; provided, that in the case of any Award that provides deferred
compensation subject to Code Section 409A, “Subsidiary” shall not include any subsidiary company as defined above
unless such company is within a controlled group of corporations with the Company as defined in Code Sections 1563(a)(1),
(2) and (3) where the phrase “at least 50%” is substituted in each place “at least 80%” appears
or is with the Company part of a group of trades or businesses under common control as defined in Code Section 414(c) and
Treas. Reg. § 1.414(c)-2 where the phrase “at least 50%” is substituted in each place “at least 80%”
appears, provided, however, that when the relevant determination is to be based upon legitimate business criteria (as described
in Treas. Reg. § 1.409A-1(b)(5)(iii)(E) and § 1.409A-1(h)(3)), the phrase “at least 20%” shall
be substituted in each place “at least 50%” appears as described above with respect to both a controlled group of corporations
and trades or business under common control.

 

“Target Amount”
means the amount of Performance Units that will be paid if the Performance Measure is fully (100%) attained, as determined by the
Committee.

 

“Target Vesting Percentage”
means the percentage of performance- based Restricted Units or Shares of Restricted Stock that will vest if the Performance Measure
is fully (100%) attained, as determined by the Committee.

 

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“Termination of Directorship”
means the date of cessation of a Director’s membership on the Board for any reason, with or without Cause, as determined
by the Company; provided, that if and to the extent that any provision of this Plan or an Award Certificate would cause a payment
of deferred compensation that is subject to Code Section 409A(a)(2) to be made upon the occurrence of a Termination of Directorship
or would change the timing and/or form of any payment of deferred compensation that is subject to Code Section 409A(a)(2)
upon a person’s Termination of Directorship, then such payment shall not be made, or such change in timing and/or form of
payment shall not occur, unless such Termination of Directorship would be deemed a “separation from service” within
the meaning of Code Section 409A(a)(2)(A)(i) and applicable regulations and rulings thereunder, and shall not include any
services provided in the capacity of an employee or otherwise.

 

“Termination of Employment”
means the date of cessation of an Employee’s employment relationship with the Company or a Subsidiary for any reason, with
or without Cause, as determined by the Company; provided, that if and to the extent that any provision of this Plan or an Award
Certificate would cause a payment of deferred compensation that is subject to Code Section 409A(a)(2) to be made upon the
occurrence of a Termination of Employment or would change the timing and/or form of any payment of deferred compensation that is
subject to Code Section 409A(a)(2) upon a person’s Termination of Employment, then such payment shall not be made or
such change in timing and/or form of payment shall not occur, unless such Termination of Employment would be deemed a “separation
from service” within the meaning of Code Section 409A(a)(2)(A)(i) and applicable regulations and rulings thereunder.
Effective December 2, 2015, for purposes of the Plan, a Termination of Employment will not be deemed to have occurred in the case
of an Employee who has terminated the employment relationship with the Company but continues to provide services to the Company
as a member of the Board in a non-executive board position. In such case, the Employee’s termination date for purposes of
the vesting, exercise and other applicable provisions of the Plan shall mean the Termination of Directorship.

 

“Unit” means,
for purposes of Performance Units, the potential right to an Award equal to a specified amount denominated in such form as is deemed
appropriate in the discretion of the Committee and, for purposes of Restricted Units or Deferred Stock Units, the potential right
to acquire one Share.

 

ARTICLE III

ADMINISTRATION

 

3.1 Committee. The Plan will be administered
by the Committee.

 

3.2 Authority of the Committee. The
Committee or, to the extent required by applicable law, the Board will have the authority, in its sole and absolute discretion
and subject to the terms of the Plan, to:

 

(a)Interpret and administer the
Plan and any instrument or agreement relating to the Plan;

 

(b)Prescribe the rules and regulations
that it deems necessary for the proper operation and administration of the Plan, and amend or rescind any existing rules or regulations
relating to the Plan;

 

(c)Select Employees to receive
Awards under the Plan;

 

(d)Determine the form of an Award,
the number of Shares subject to each Award, all the terms and conditions of an Award, including, without limitation, the conditions
on exercise or vesting, the designation of Stock Options as Incentive Stock Options or Nonqualified Stock Options, and the circumstances
in which an Award may be settled in cash or Shares or may be cancelled, forfeited or suspended, and the terms of the Award Certificate;

 

(e)Determine whether Awards will
be granted singly, in combination or in tandem;

 

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(f)Establish and interpret Performance Measures (or, as applicable, other performance criteria) in connection with Annual Performance
Bonuses and Long Term Performance Awards, evaluate the level of performance over a Performance Cycle and certify the
level of performance attained with respect to Performance Measures (or other performance criteria, as applicable);

 

(g)Except as provided in Section 6.1,
waive or amend any terms, conditions, restrictions or limitations on an Award, except that the prohibition on the repricing of
Stock Options and Stock Appreciation Rights, as described in Section 4.3(g), may not be waived and further provided that any
such waiver or amendment shall either comply with the requirements of Section 409A or preserve any exemption from the application
of Code Section 409A;

 

(h)Make any adjustments to the
Plan (including but not limited to adjustment of the number of Shares available under the Plan or any Award) and any Award granted
under the Plan as may be appropriate pursuant to Section 5.3;

 

(i)Determine and set forth in
the applicable Award Certificate the circumstances under which Awards may be deferred and the extent to which a deferral will be
credited with Dividend Equivalents and interest thereon;

 

(j)Establish any subplans and
make any modifications to the Plan or to Awards made hereunder (including the establishment of terms and conditions not otherwise
inconsistent with the terms of the Plan) that the Committee may determine to be necessary or advisable for grants made in countries
outside the United States to comply with, or to achieve favorable tax treatment under, applicable foreign laws or regulations;

 

(k)Appoint such agents as it shall
deem appropriate for proper administration of the Plan; and

 

(l)Take any and all other actions
it deems necessary or advisable for the proper operation or administration of the Plan.

 

3.3 Effect of Determinations. All
determinations of the Committee (or any applicable delegates) will be final, binding and conclusive on all persons having an interest
in the Plan.

 

3.4 Delegation of Authority. The
Board or, if permitted under applicable corporate law, the Committee, in its discretion and consistent with applicable law and
regulations, may delegate to the Chief Executive Officer of the Company or any other officer or group of officers as it deems to
be advisable, the authority to select Employees to receive an Award and to determine the number of Shares under any such Award,
subject to any terms and conditions that the Board or the Committee, as appropriate, may establish. When the Board or the Committee
delegates authority pursuant to the foregoing sentence, it will limit, in its discretion, the number of Shares or aggregate value
that may be subject to Awards that the delegate may grant. Only the Committee will have authority to grant and administer Awards
to Directors, Key Employees and other Reporting Persons or to delegates of the Committee, and to establish and certify Performance
Measures.

 

3.5 Retention of Advisors. The Committee
may retain attorneys, consultants, accountants and other advisors, and the Committee, the Company and the officers and directors
of the Company may rely upon the advice, opinions or valuations of the advisors retained.

 

3.6 No Liability. No member of the
Committee or any person acting as a delegate of the Committee with respect to the Plan will be liable for any losses resulting
from any action, interpretation or construction made in good faith with respect to the Plan or any Award granted under the Plan.

 

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ARTICLE IV

AWARDS

 

4.1 Eligibility. All Employees and
Directors are eligible to be designated to receive Awards granted under the Plan, except as otherwise provided in this Article IV.

 

4.2 Form of Awards. Awards will be
in the form determined by the Committee, in its discretion, and will be evidenced by an Award Certificate. Awards may be granted
singly or in combination or in tandem with other Awards.

 

4.3 Stock Options and Stock Appreciation
Rights. The Committee may grant Stock Options and Stock Appreciation Rights under the Plan to those Employees whom the Committee
may from time to time select, in the amounts and pursuant to the other terms and conditions that the Committee, in its discretion,
may determine and set forth in the Award Certificate, subject to the provisions below:

 

(a) Form. Stock Options
granted under the Plan will, at the discretion of the Committee and as set forth in the Award Certificate, be in the form of Incentive
Stock Options, Nonqualified Stock Options or a combination of the two. If an Incentive Stock Option and a Nonqualified Stock Option
are granted to the same Participant under the Plan at the same time, the form of each will be clearly identified, and they will
be deemed to have been granted in separate grants. In no event will the exercise of one Award affect the right to exercise the
other Award. Stock Appreciation Rights may be granted either alone or in connection with concurrently or previously granted Nonqualified
Stock Options.

 

(b) Exercise Price. The
Committee will set the Exercise Price of Fair Market Value Stock Options or Stock Appreciation Rights granted under the Plan at
a price that is not less than the Fair Market Value of a Share on the date of grant, subject to adjustment as provided in Section 5.3.
The Committee will set the Exercise Price of Premium-Priced Stock Options at a price that is higher than the Fair Market Value
of a Share as of the date of grant, provided that such price is no higher than 150 percent of such Fair Market Value. The
Exercise Price of Incentive Stock Options will be equal to or greater than 110 percent of the Fair Market Value of a Share
as of the date of grant if the Participant receiving the Stock Options owns stock possessing more than 10 percent of the total
combined voting power of all classes of stock of the Company or any subsidiary or parent corporation of the Company, as defined
in Section 424 of the Code. The Exercise Price of a Stock Appreciation Right granted in tandem with a Stock Option will equal
the Exercise Price of the related Stock Option. The Committee will set forth the Exercise Price of a Stock Option or Stock Appreciation
Right in the Award Certificate. Stock Options granted under the Plan will, at the discretion of the Committee and as set forth
in the Award Certificate, be Fair Market Value Stock Options, Premium-Priced Stock Options or a combination of Fair Market Value
Stock Options and Premium- Priced Stock Options.

 

(c) Term and Timing of Exercise.
Each Stock Option or Stock Appreciation Right granted under the Plan will be exercisable in whole or in part, subject to the following
conditions, unless determined otherwise by the Committee:

 

(i)The Committee will
determine and set forth in the Award Certificate the date on which any Award of Stock Options or Stock Appreciation Rights to
a Participant may first be exercised. Unless the applicable Award Certificate provides otherwise, a Stock Option or Stock
Appreciation Right will become vested and exercisable in equal annual installments over a period of four years beginning
immediately after the date on which the Stock Option or Stock Appreciation Right was granted. The right to exercise a Stock
Option or Stock Appreciation Right will lapse no later than 10 years after the date of grant (or five years in the case
of an Incentive Stock Option granted to an Employee who owns stock possessing more than 10 percent of the total combined
voting power of all classes of stock of the Company or any subsidiary or parent corporation of the Company, as defined in
Section 424 of the Code), except to the extent necessary to comply with applicable laws outside of the United States or
to preserve the tax advantages of the Award outside the United States.

 

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(ii)Unless the applicable Award
Certificate provides otherwise, upon the death or Disability of a Participant who has outstanding Stock Options or Stock Appreciation
Rights, the unvested Stock Options or Stock Appreciation Rights will become fully vested and will lapse, and will not thereafter
be exercisable, upon the earlier of (A) their original expiration date or (B) the date that is three years after the
date on which the Participant dies or incurs a Disability.

 

(iii)With respect to Awards
granted prior to the Effective Date, unless the applicable Award Certificate provides otherwise, upon the Retirement of a
Participant, a pro rata portion of the Participant’s Stock Options and Stock Appreciation Rights will vest so that the
total number of vested Stock Options or Stock Appreciation Rights held by the Participant at Termination of Employment
(including those that have already vested as of such date) will be equal to (A) the total number of Stock Options or
Stock Appreciation Rights originally granted to the Participant under each Award multiplied by (ii) a fraction, the
numerator of which is the period of time (in whole months) that have elapsed since the date of grant, and the denominator of
which is four years (or such other applicable vesting term as is set forth in the Award Certificate). With respect to Awards
granted on or after the Effective Date, unless the applicable Award Certificate provides otherwise, upon the Retirement of a
Participant, provided that the Participant has provided Retirement Notice in the case of a voluntary Termination of
Employment relating to Retirement, the Participant’s Stock Options and Stock Appreciation Rights will continue to vest
under the terms and conditions of the Stock Option and Stock Appreciation Right following the Termination of Employment to
the same extent the Participant would have vested had the Participant not had a Termination of Employment, provided that the
Participant continues to satisfy all other applicable conditions as may be established by the Committee on or prior to the
date of the Termination of Employment with respect to such continued vesting. Unless the Award Certificate provides
otherwise, such Participant’s Stock Options and Stock Appreciation Rights will lapse, and will not thereafter be
exercisable, upon the earlier of (A) their original expiration date or (B) the date that is three years after the
date of Termination of Employment (or, for Awards granted on or after the Effective Date in the case of Retirement, five
years after Termination of Employment).

 

(iv)Upon the Termination of
Employment of a Participant that does not meet the requirements of paragraphs (ii) or (iii) above, or as otherwise
provided in Section 5.4 (Change in Control), any unvested Stock Options or Stock Appreciation Rights will be forfeited
unless the Award Certificate provides otherwise. Any Stock Options or Stock Appreciation Rights that are vested as of such
Termination of Employment will lapse, and will not thereafter be exercisable, upon the earlier of (A) their original
expiration date or (B) the date that is ninety (90) days after the date of such Termination of Employment unless
the Award Certificate provides otherwise.

 

(v)Stock Options and Stock Appreciation
Rights of a deceased Participant may be exercised only by the estate of the Participant or by the person given authority to exercise
the Stock Options or Stock Appreciation Rights by the Participant’s will or by operation of law. If a Stock Option or Stock
Appreciation Right is exercised by the executor or administrator of a deceased Participant, or by the person or persons to whom
the Stock Option or Stock Appreciation Right has been transferred by the Participant’s will or the applicable laws of descent
and distribution, the Company will be under no obligation to deliver Shares or cash until the Company is satisfied that the person
exercising the Stock Option or Stock Appreciation Right is the duly appointed executor or administrator of the deceased Participant
or the person to whom the Stock Option or Stock Appreciation Right has been transferred by the Participant’s will or by applicable
laws of descent and distribution.

 

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(vi)A Stock Appreciation Right granted
in tandem with a Stock Option is subject to the same terms and conditions as the related Stock Option and will be exercisable only
to the extent that the related Stock Option is exercisable.

 

(d) Payment of Exercise Price.
The Exercise Price of a Stock Option must be paid in full when the Stock Option is exercised. Stock certificates will be registered
and delivered only upon receipt of payment. Payment of the Exercise Price may be made in cash or by certified check, bank draft,
wire transfer, or postal or express money order, provided that the format is approved by the Company or a designated third-party
administrator. The Committee, in its discretion may also allow payment to be made by any of the following methods, as set forth
in the Award Certificate:

 

(i)Delivering a properly
executed exercise notice to the Company or its agent, together with irrevocable instructions to a broker to deliver to the
Company, within the typical settlement cycle for the sale of equity securities on the relevant trading market (or otherwise
in accordance with the provisions of Regulation T issued by the Federal Reserve Board), the amount of sale proceeds with
respect to the portion of the Shares to be acquired having a Fair Market Value on the date of exercise equal to the sum of
the applicable portion of the Exercise Price being so paid;

 

(ii)Tendering (actually or by
attestation) to the Company previously acquired, and that have a Fair Market Value on the day prior to the date of exercise
equal to the applicable portion of the Exercise Price being so paid, provided that the Board has specifically approved the
repurchase of such Shares (unless such approval is not required by the terms of the bye-laws of the Company) and the
Committee has determined that, as of the date of repurchase, the Company is, and after the repurchase will continue to be,
able to pay its liabilities as they become due; or

 

(iii)Provided such payment method
has been expressly authorized by the Board or the Committee in advance and subject to any requirements of applicable law and regulations,
instructing the Company to reduce the number of Shares that would otherwise be issued by such number of Shares as have in the aggregate
a Fair Market Value on the date of exercise equal to the applicable portion of the Exercise Price being so paid.

 

(e) Incentive Stock Options.
Incentive Stock Options granted under the Plan will be subject to the following additional conditions, limitations and restrictions:

 

(i)Eligibility. Incentive
Stock Options may be granted only to Employees of the Company or a Subsidiary that is a subsidiary or parent corporation of the
Company, within the meaning of Section 424 of the Code.

 

(ii)Timing of Grant. No Incentive
Stock Option will be granted under the Plan after March 7, 2027.

 

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(iii)Amount of Award. Subject
to Section 5.3, no more than 10 million Shares may be available for grant in the form of Incentive Stock Options. The
aggregate Fair Market Value (as of the date of grant) of the Shares with respect to which the Incentive Stock Options awarded to
any Employee first become exercisable during any calendar year may not exceed $100,000 (U.S.). For purposes of this $100,000 (U.S.)
limit, the Employee’s Incentive Stock Options under this Plan and all other plans maintained by the Company and its Subsidiaries
will be aggregated. To the extent any Incentive Stock Option would exceed the $100,000 (U.S.) limit, the Incentive Stock Option
will afterwards be treated as a Nonqualified Stock Option for all purposes to the extent required by the Code and underlying regulations
and rulings.

 

(iv)Timing of Exercise. If
the Committee exercises its discretion in the Award Certificate to permit an Incentive Stock Option to be exercised by a Participant
more than three months after the Participant has ceased being an Employee (or more than 12 months if the Participant is permanently
and totally disabled, within the meaning of Section 22(e) of the Code), the Incentive Stock Option will afterwards be treated
as a Nonqualified Stock Option to the extent required by the Code and underlying regulations and rulings. For purposes of this
paragraph (iv), an Employee’s employment relationship will be treated as continuing intact while the Employee is on
military leave, sick leave or another approved leave of absence if the period of leave does not exceed 90 days, or a longer
period to the extent that the Employee’s right to reemployment with the Company or a Subsidiary is guaranteed by statute
or by contract. If the period of leave exceeds 90 days and the Employee’s right to reemployment is not guaranteed by
statute or contract, the employment relationship will be deemed to have ceased on the 91st day of the leave.

 

(v)Transfer
Restrictions. In no event will the Committee permit an Incentive Stock Option to be transferred by an Employee other than
by will or the laws of descent and distribution, and any Incentive Stock Option awarded under this Plan will be exercisable
only by the Employee during the Employee’s lifetime.

 

(f) Exercise of Stock Appreciation Rights. Upon exercise of
a Participant’s Stock Appreciation Rights, the Company will pay cash or Shares or a combination of cash and Shares, in
the discretion of the Committee and as described in the Award Certificate. Cash payments will be equal to the excess of the
Fair Market Value of a Share on the date of exercise over the Exercise Price, for each Share for which a Stock Appreciation
Right was exercised. If Shares are paid for the Stock Appreciation Right, the Participant will receive a number of whole
Shares equal to the quotient of the cash payment amount divided by the Fair Market Value of a Share on the date of
exercise.

 

(g) No Repricing. Except
as otherwise provided in Section 5.3, in no event will the Committee (i) decrease the Exercise Price of a Stock Option
or Stock Appreciation Right after the date of grant or (ii) cancel outstanding Stock Options or Stock Appreciation Rights
in exchange for a cash payment or for a grant of replacement Stock Options or Stock Appreciation Rights with a lower Exercise Price
than that of the replaced Stock Options or Stock Appreciation Rights or other Awards, without first obtaining the approval of the
holders of a majority of the Shares who are present in person or by proxy at a meeting of the Company’s stockholders and
entitled to vote.

 

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4.4 Annual Performance Bonuses. The
Committee may grant Annual Performance Bonuses under the Plan in the form of cash or Shares to the Reporting Persons and Key Employees
that the Committee may from time to time select, in the amounts and pursuant to the terms and conditions that the Committee may
determine and set forth in the Award Certificate, subject to the provisions below:

 

(a) Performance Cycles.
Annual Performance Bonuses will be awarded in connection with a 12-month (or longer) Performance Cycle, which will be the fiscal
year of the Company.

 

(b) Eligible Participants.
The Committee will determine the Reporting Persons and Key Employees who will be eligible to receive an Annual Performance Bonus
that are Qualified Performance-Based Awards under the Plan within 90 days after the commencement of the relevant Performance
Cycle (or such other date as may be required or permitted under applicable regulations under Section 162(m) of the Code).

 

(c) Performance Measures; Targets;
Award Criteria.

 

(i)For Annual Performance Bonuses
that are Qualified Performance-Based Awards, within 90 days after the commencement of a Performance Cycle (or such other date
as may be required or permitted under applicable regulations under Section 162(m) of the Code), and while the attainment of the
Performance Measures remains substantially uncertain, the Committee will fix and establish in writing (A) the Performance
Measures that will apply to that Performance Cycle; (B) the Target Amount payable to each Participant; and (C) subject
to subsection (d) below, the criteria for computing the amount that will be paid with respect to each level of attained performance.
The Committee will also set forth the minimum level of performance, based on objective factors, that must be attained during the
Performance Cycle before any Annual Performance Bonus will be paid and the percentage of the Target Amount that will become payable
upon attainment of various levels of performance that equal or exceed the minimum required level.

 

(ii)The Committee may, in its
discretion, select Performance Measures that measure the performance of the Company or one or more business units, divisions or
Subsidiaries of the Company. The Committee may select Performance Measures that are absolute or relative to the performance of
one or more comparable companies or an index of comparable companies.

 

(iii)The Committee, in its discretion,
may, on a case-by-case basis, modify the amount payable to any Reporting Person or Key Employee with respect to any given Performance
Cycle, provided, however, that with respect to Qualified Performance-Based Awards, the amount payable under any such Award may
not be increased and no reduction will result in an increase in the amount payable under any Annual Performance Bonus of another
Key Employee.

 

(d) Payment, Certification. No Annual Performance
Bonus pursuant to a Qualified Performance-Based Award will vest until the Committee certifies in writing the level of performance
attained for the Performance Cycle in relation to the applicable Performance Measures.

 

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(e) Form of Payment. Annual
Performance Bonuses will be paid in cash or Shares. All such Performance Bonuses shall be paid no later than the 15th day
of the third month following the end of the calendar year (or, if later, following the end of the Company’s fiscal year)
in which such Performance Bonuses are no longer subject to a substantial risk of forfeiture (as determined for purposes of Section 409A
of the Code), except to the extent that a Participant has elected to defer payment under the terms of a duly authorized deferred
compensation arrangement in which case the terms of such arrangement shall govern.

 

(f) Section 162(m) of
the Code. It is the intent of the Company that Annual Performance Bonuses that are Qualified Performance-Based Awards satisfy
the requirements for “performance-based compensation” for purposes of Section 162(m) of the Code, that this Section 4.4
be interpreted in a manner that permits such Awards to satisfy the applicable requirements of Section 162(m)(C) of the Code
and related regulations, and that the Plan be operated so that the Company may take a full tax deduction for Annual Performance
Bonuses that are Qualified Performance-Based Awards. If any provision of this Plan or any Annual Performance Bonus would otherwise
frustrate or conflict with this intent, the provision will be interpreted and deemed amended so as to avoid this conflict.

 

(g) Retirement, Death, Disability
and Other Events. Unless otherwise determined by the Committee, if a Participant would be entitled to an Annual Performance
Bonus but for the fact that the Participant’s employment with the Company terminated prior to the end of the Performance
Cycle as a result of the Participant’s Retirement, death or Disability, or such other event as designated by the Committee,
the Participant may, in the Committee’s discretion, receive an Annual Performance Bonus Award, pro rated for the portion
of the Performance Cycle that the Participant completed and which is payable at the same time after the end of the Performance
Cycle that payments to other Annual Performance Bonus Award recipients are made.

 

4.5 Long Term Performance Awards.
The Committee may grant Long Term Performance Awards under the Plan in the form of Performance Units, Restricted Units or Restricted
Stock to any Employee who the Committee may from time to time select, in the amounts and pursuant to the terms and conditions that
the Committee may determine and set forth in the Award Certificate, subject to the provisions below:

 

(a) Performance Cycles.
Long Term Performance Awards will be awarded in connection with a Performance Cycle, as determined by the Committee in its discretion,
provided, however, that a Performance Cycle may be no shorter than 12 months and no longer than 5 years.

 

(b) Eligible
Participants. The Committee will determine the Employees who will be eligible to receive a Long Term Performance Award
for the Performance Cycle that are Qualified Performance-Based Awards within 90 days after the commencement of the
relevant Performance Cycle (or such other date as may be required or permitted under applicable regulations under Section
162(m) of the Code), provided that the Committee may determine the eligibility of a Participant who receives a Long Term
Performance Award for the Performance Cycle that is not a Qualified Performance-Based Award after the expiration of the
90-day period.

 

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(c) Performance Measures; Targets;
Award Criteria.

 

(i)For Long Term Performance
Awards that are Qualified Performance-Based Awards, within 90 days after the commencement of a Performance Cycle (or
such other date as may be required or permitted under applicable regulations under Section 162(m) of the Code), and while the
attainment of the Performance Measures remains substantially uncertain, the Committee will fix and establish in writing
(A) the Performance Measures that will apply to that Performance Cycle; (B) with respect to Performance Units, the
Target Amount payable to each Participant; (C) with respect to Restricted Units and Restricted Stock, the Target Vesting
Percentage for each Participant; and (D) subject to subsection (d) below, the criteria for computing the amount
that will be paid or will vest with respect to each level of attained performance. The Committee will also set forth the
minimum level of performance, based on objective factors, that must be attained during the Performance Cycle before any Long
Term Performance Award will be paid or vest, and the percentage of Performance Units that will become payable and the
percentage of performance- based Restricted Units or Shares of Restricted Stock that will vest upon attainment of various
levels of performance that equal or exceed the minimum required level.

 

(ii)The Committee may, in its discretion,
select Performance Measures that measure the performance of the Company or one or more business units, divisions or Subsidiaries
of the Company. The Committee may select Performance Measures that are absolute or relative to the performance of one or more comparable
companies or an index of comparable companies.

 

(iii)The Committee, in its discretion,
may, on a case-by-case basis, modify the amount of Long Term Performance Awards payable to any Key Employee with respect to any
given Performance Cycle, provided, however, that with respect to Qualified Performance-Based Awards, the amount payable under any
such Award may not be increased and no reduction will result in an increase in the dollar amount or number of Shares payable under
any Long Term Performance Award of another Key Employee.

 

(iv)With respect to a Long Term
Performance Award (or any portion thereof) that is not a Qualified Performance-Based Award, the Committee may establish, in its
discretion, performance criteria other than the Performance Measures that will be applicable for the Performance Cycle.

 

(d) Payment,
Certification. No Long Term Performance Award granted pursuant to a Qualified Performance-Based Award will vest with
respect to any Employee until the Committee certifies in writing the level of performance attained for the Performance Cycle
in relation to the applicable Performance Measures. Long Term Performance Awards that are not Qualified Performance-Based
will be based on the Performance Measures, or other applicable performance criteria, and payment formulas that the Committee,
in its discretion, may establish for these purposes. These Performance Measures, or other performance criteria, and formulas
may be the same as or different than the Performance Measures and formulas that apply to Qualified Performance-Based
Awards.

 

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(e) Form of Payment. Long
Term Performance Awards in the form of Performance Units may be paid in cash or full Shares, in the discretion of the Committee,
and as set forth in the Award Certificate. Performance-based Restricted Units and Restricted Stock will be paid in full Shares.
Payment with respect to any fractional Share will be in cash in an amount based on the Fair Market Value of the Share as of the
date the Performance Unit becomes payable. All such Long Term Performance Awards shall be paid no later than the 15th day
of the third month following the end of the calendar year (or, if later, following the end of the Company’s fiscal year)
in which such Long Term Performance Awards are no longer subject to a substantial risk of forfeiture (as determined for purposes
of Code Section 409A), except to the extent that a Participant has elected to defer payment under the terms of a duly authorized
deferred compensation arrangement, in which case the terms of such arrangement shall govern.

 

(f) Section 162(m) of
the Code. It is the intent of the Company that Long Term Performance Awards that are Qualified Performance-Based Awards satisfy
the requirements for “performance-based compensation” for purposes of Section 162(m) of the Code, that this Section 4.5
be interpreted in a manner that permits such Awards to satisfy the applicable requirements of Section 162(m)(C) of the Code
and related regulations with respect to Long Term Performance awards made to Key Employees, and that the Plan be operated so that
the Company may take a full tax deduction for Long Term Performance Awards that are Qualified Performance-Based Awards. If any
provision of this Plan or any Long Term Performance Award would otherwise frustrate or conflict with this intent, the provision
will be interpreted and deemed amended so as to avoid this conflict.

 

(g) Retirement, Death,
Disability and Other Events. Unless the Award Certificate provides otherwise, if a Participant would be entitled to a
Long Term Performance Award but for the fact that the Participant’s employment with the Company terminated prior to the
end of the Performance Cycle as a result of the ​Participant’s Retirement (for any Award granted prior to the
Effective Date), death or Disability, or such other event as designated by the Committee, the Participant may, in the
Committee’s discretion, receive a Long Term Performance Award, prorated for the portion of the Performance Cycle that
the Participant completed and payable at the same time after the end of the Performance Cycle that payments to other Long
Term Performance Award recipients are made. Unless the Award Certificate provides otherwise, for any Award granted on or
after the Effective Date, if a Participant would be entitled to a Long Term Performance Award but for the fact that the
Participant’s employment with the Company terminated prior to the end of the Performance Cycle as a result of the
Participant’s Retirement, provided that the Participant has provided Retirement Notice in the case of a voluntary
Termination of Employment relating to Retirement, the Long Term Performance Award will continue to vest under the terms and
conditions of the Award Certificate following the Termination of Employment to the same extent the Participant would have
vested had the Participant not had a Termination of Employment, and such Long Term Performance Award will be payable at the
same time after the end of the Performance Cycle that payments to other Long Term Performance Award recipients are made,
provided that the Participant continues to satisfy all other applicable conditions as may be established by the Committee on
or prior to the date of the Retirement with respect to such continued vesting.

 

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(h) Dividends and Dividend Equivalents. In
the event of a payment of dividends on Common Stock, the Committee may credit Long Term Performance Awards made under this Section
4.5 with Dividend Equivalents in accordance with terms and conditions established in the discretion of the Committee. Unless otherwise
provided in the applicable Award Certificate, Dividend Equivalents will be subject to the same vesting requirements as the underlying
Long-Term Performance Award and will become payable or deliverable only to the extent that the underlying Long-Term Performance
Award vests and becomes payable or deliverable. In no event will Dividend Equivalents be payable or deliverable prior to the vesting
date of the underlying Long-Term Performance Award. The number of any Dividend Equivalents credited to a Participant’s Award
upon the payment of a dividend on Common Shares will be equal to the quotient produced by dividing the cash value of the dividend
by the Fair Market Value of one Share as of the date the dividend is paid.

 

4.6 Other Stock-Based Awards. The
Committee may, from time to time, grant Awards (other than Stock Options, Stock Appreciation Rights, Annual Performance Bonuses
or Long Term Performance Awards) to any Employee who the Committee may from time to time select, which Awards consist of, or are
denominated in, payable in, valued in whole or in part by reference to, or otherwise related to, Shares. These Awards may include,
among other forms, Restricted Stock, Restricted Units, or Deferred Stock Units. The Committee will determine, in its discretion,
the terms and conditions that will apply to Awards granted pursuant to this Section 4.6, which terms and conditions will be
set forth in the applicable Award Certificate.

 

(a) Vesting. Unless the
Award Certificate provides otherwise, restrictions on Stock-Based Awards granted under this Section 4.6 will lapse in equal
annual installments over a period of four years beginning immediately after the date of grant. If the restrictions on Stock-Based
Awards have not lapsed or been satisfied as of the Participant’s Termination of Employment, the Shares will be forfeited
by the Participant if the termination is for any reason other than the Retirement, death or Disability of the Participant or a
Change in Control, unless as otherwise provided in the Award Certificate. Unless the Award Certificate provides otherwise, (i) all
restrictions on Stock-Based Awards granted pursuant to this Section 4.6 will lapse upon the death or Disability of the Participant,
(ii) in the event of Retirement for any Award granted prior to the Effective Date, the Award will vest pro rata with respect
to the portion of the four-year vesting term (or such other vesting term as is set forth in the Award Certificate) that the Participant
has completed as of the Participant’s Termination of Employment and provided that the Participant has satisfied all other
applicable conditions established by the Committee with respect to such pro rata vesting, (iii) in the event of Retirement for
any Award granted on or after the Effective Date, provided that the Participant has provided Retirement Notice in the case of
a voluntary Termination of Employment relating to Retirement, the Award will continue to vest under the terms and conditions of
the Award Certificate following the Termination of Employment to the same extent the Participant would have vested had the Participant
not had a Termination of Employment, provided that the Participant continues to satisfy all other applicable conditions as may
be established by the Committee on or prior to the date of Retirement with respect to such continued vesting, and (iv) in
the event of a Change in Control, Stock-Based Awards will be treated in accordance with Section 5.4. In no event may the
vesting period of a time-based full-value share award be less than three years (on either a cliff or graded vesting basis), except
that the Committee may award up to 10 percent of the shares authorized for issuance under Section 5.1 with a vesting period
of less than three years under such circumstances as it deems appropriate.

 

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(b) Grant of Restricted Stock. The
Committee may grant Restricted Stock to any Employee, which Shares will be registered in the name of the Participant and held for
the Participant by the Company. The Participant will have all rights of a stockholder with respect to the Shares, including the
right to vote and to receive dividends or other distributions, except that the Shares may be subject to a vesting schedule and
will be forfeited if the Participant attempts to sell, transfer, assign, pledge or otherwise encumber or dispose of the Shares
before the restrictions are satisfied or lapse.

 

(c) Grant of Restricted Units. The
Committee may grant Restricted Units to any Employee, which Units will be paid in cash or whole Shares or a combination of cash
and Shares, as determined in the discretion of the Committee. The Committee will determine the terms and conditions applicable
to the grant of Restricted Units, which terms and conditions will be set forth in the Award Certificate. For each Restricted Unit
that vests, one Share will be paid or an amount in cash equal to the Fair Market Value of a Share, as set forth in the Award Certificate,
will be delivered to the Participant on the applicable delivery date.

 

(d) Grant of Deferred Stock Units.
The Committee may grant Deferred Stock Units to any Employee, which Units will be paid in whole Shares upon the Employee’s
Termination of Employment if the restrictions on the Units have lapsed. One Share will be paid for each Deferred Stock Unit that
becomes payable.

 

(e) Dividends and Dividend Equivalents.
In the event of a payment of dividends on Common Stock, the Committee may credit Other Stock-Based Awards made under this Section
4.6 with Dividend Equivalents in accordance with terms and conditions established in the discretion of the Committee. Unless otherwise
provided in the applicable Award Certificate, Dividend Equivalents will be subject to the same vesting requirements as the underlying
Other Stock-Based Award and will become payable or deliverable only to the extent that the underlying Other Stock-Based Award vests
and becomes payable or deliverable. In no event will Dividend Equivalents be payable or deliverable prior to the vesting date of
the underlying Other Stock-Based Award. The number of any Dividend Equivalents credited to a Participant’s Award upon the
payment of a dividend on Common Shares will be equal to the quotient produced by dividing the cash value of the dividend by the
Fair Market Value of one Share as of the date the dividend is paid.

 

4.7 Director Awards.

 

(a)The Committee may grant Deferred Stock
Units to each Director in such an amount as the Board, in its discretion, may approve in advance. Each such Deferred Stock Unit
will vest as determined by the Committee and set forth in the Award Certificate and will be paid in Shares within 30 days
following the recipient’s Termination of Directorship, subject to deferral under any applicable deferred compensation plan
approved by the Committee, in which case the terms of such arrangement shall govern. Dividend Equivalents or additional Deferred
Stock Units will be credited to each Director’s account when dividends are paid on Common Stock to the shareholders, and
will be paid to the Director at the same time that the Deferred Stock Units are paid to the Director.

 

(b)The Committee may grant Director Shares
to each Director in such amounts as the Board, in its discretion, may approve in advance.

 

(c)The Committee may, in its discretion,
grant Stock Options, Stock Appreciation Rights and other Stock-Based Awards to Directors.

 

4.8 Substitute Awards. The
Committee may make Awards under the Plan to Acquired Grantees through the assumption of, or in substitution for, outstanding
stock-based awards previously granted to such Acquired Grantees by the Acquired Company. Such assumed or substituted Awards
will be subject to the terms and conditions of the original awards made by the Acquired Company, with such adjustments
therein as the Committee considers appropriate to give effect to the relevant provisions of any agreement for the acquisition
of the Acquired Company, provided that any such adjustment with respect to Nonqualified Stock Options and Stock Appreciation
Rights shall satisfy the requirements of Treas. Reg. § 1.409A-1(b)(5)(v)(D) and otherwise ensure that such awards
continue to be exempt from Code Section 409A and provided that any adjustment to Awards that are subject to Code
Section 409A is in compliance with Code Section 409A and the regulations and rulings thereunder. Any grant of
Incentive Stock Options pursuant to this Section 4.8 will be made in accordance with Section 424 of the Code and
any final regulations published thereunder.

 

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4.9 Limit on Individual Grants. Subject
to Sections 5.1 and 5.3, no Employee may be granted more than 6 million Shares over any calendar year pursuant to Awards
of Stock Options, Stock Appreciation Rights and performance- based Restricted Stock and performance-based Restricted Units, except
that an incentive Award of no more than 10 million Shares may be made pursuant to Stock Options, Stock Appreciation Rights,
performance-based Restricted Stock and performance-based Restricted Units (based upon the Award level as of the date of grant)
to any person who has been hired within the calendar year as a Key Employee. The maximum amount that may be paid in cash or Shares
pursuant to Annual Performance Bonuses or Long Term Performance Awards paid in Performance Units to any one Employee is $10 million
(U.S.) (based upon the Award level as of the date of grant) for any Performance Cycle of 12 months. For any longer Performance
Cycle, this maximum will be adjusted proportionally.

 

4.10 Termination for Cause; Clawback.
(a) Notwithstanding anything to the contrary herein, if a Participant incurs a Termination of Directorship or Termination of Employment
for Cause, then all Stock Options, Stock Appreciation Rights, Annual Performance Bonuses, Long Term Performance Awards, Restricted
Units, Restricted Stock and other Stock-Based Awards are subject to immediate cancellation at the discretion of the Company. The
exercise of any Stock Option or Stock Appreciation Right or the payment of any Award may be delayed, in the Company’s discretion,
in the event that a potential termination for Cause is pending, subject to ensuring an exemption from or compliance with Code Section 409A
and the underlying regulations and rulings. If a Participant incurs a Termination of Employment for Cause, or the Company becomes
aware (after the Participant’s Termination of Employment) of conduct on the part of the Participant that would be grounds
for a Termination of Employment for Cause, then, as determined in the discretion of the Company, the Participant will be required
to deliver to the Company (i) Shares (or, in the discretion of the Committee, cash) in an amount that is equal in value to
the amount of any profit the Participant realized upon the exercise of an Option during the period beginning six (6) months
prior to the Participant’s Termination of Employment and ending on the later of two (2) year anniversary of such Termination
of Employment and the date you fully exercised any stock option granted hereunder; and (ii) the number of Shares (or, in the
discretion of the Committee, the cash value of said shares) the Participant received for Restricted Shares, Restricted Units or
other Stock-Based Awards that vested during the period described in (i) above.

 

(b)In addition, any Award Certificate (or
any part thereof) may provide for the cancellation or forfeiture of an Award or the forfeiture and repayment to the Company of
any gain related to an award, or other provisions intended to have a similar effect, upon such terms and conditions as may be determined
by the Committee in accordance with any Company claw-back or forfeiture policy, as may be amended from time to time, including
as required by the Sarbanes-Oxley Act of 2002, the Dodd-Frank Wall Street Reform and Consumer Protection Act, or other applicable
law, regulation or stock exchange listing requirement, as may be in effect from time to time, and which may operate to create additional
rights for the Company with respect to awards and recovery of amounts relating thereto. By accepting Awards under the Plan, Participants
agree and acknowledge that they are obligated to cooperate with, and provide any and all assistance necessary to, the Company to
recover or recoup any award or amount paid under this Plan subject to claw-back pursuant to such law, government regulation, stock
exchange listing requirement or Company policy. Such cooperation and assistance shall include, but is not limited to, executing,
completing and submitting any documentation necessary to recover or recoup any award or amounts paid under this Plan from a Participant’s
accounts, or pending or future compensation awards.

  

ARTICLE V

SHARES SUBJECT TO THE PLAN; ADJUSTMENTS

 

5.1 Shares Available. The Shares
issuable under the Plan will be authorized but unissued Shares, and, to the extent permissible under applicable law, Shares acquired
by the Company, any Subsidiary or any other person or entity designated by the Company. The shareholders of the Company have authorized
for issuance the following number of Shares:

 

(a) June 29, 2007: five percent (5%) of
the Shares outstanding as of that date;

 

(b) March 10, 2010: an additional fifteen
million (15,000,000) Shares;

  

    20

     

    

 

(c) March 7, 2012: an additional twenty
million (20,000,000) Shares; and

 

(d) March 8, 2017: an additional ten million (10,000,000)
Shares, subject to adjustment in accordance with Section 5.3.

 

No more than 10 million Shares of the
total Shares issuable under the Plan may be available for grant in the form of Incentive Stock Options, subject to adjustment in
accordance with Section 5.3. Notwithstanding anything to the contrary in this Section 5.1, (i) when Shares are issued pursuant
to a grant of Stock Options or Stock Appreciation Rights, the total number of Shares remaining available for grant will be decreased
by one per Share issued, and (ii) when Shares are issued pursuant to a grant of Restricted Stock, Restricted Units, Deferred Stock
Units, Performance Units or as payment of an Annual Performance Bonus or other Stock-Based Award, the total number of Shares remaining
available for grant will be decreased by a margin of at least 1.8 per Share issued. In addition, in the case of the settlement
of any stock-settled Stock Appreciation Right, the total number of Shares available for grant will be decreased by the total number
of Shares underlying the Award, regardless of the number of Shares used to the Stock Appreciation Right on the day of settlement.

  

5.2 Counting Rules. The following
Shares related to Awards under this Plan may again be available for issuance under the Plan, in addition to the Shares described
in Section 5.1:

 

(a)Shares related to Awards paid
in cash;

 

(b)Shares related to Awards that
expire, are forfeited or cancelled or terminate for any other reason without issuance of Shares, and provided that each such forfeited,
cancelled or terminated Share that was originally issued pursuant to a grant of Restricted Stock, Restricted Units, Deferred Stock
Units, Performance Units or as payment of an Annual Performance Bonus or other Stock- Based Award shall be counted as 1.8 Shares;

 

(c)Any Shares issued in connection
with Awards that are assumed, converted or substituted as a result of the acquisition of an Acquired Company by the Company or
a combination of the Company with another company; and

 

(d)Any Shares of Restricted Stock
that are returned to the Company upon a Participant’s Termination of Employment.

 

Shares that are (i) tendered by a Participant or withheld by
the Company in payment of the exercise, base or purchase price relating to an Award, (ii) tendered by the Participant or withheld
by the Company to satisfy any taxes or tax withholding obligations with respect to an Award, or (iii) not issued or delivered as
a result of the net settlement of an outstanding Stock Option or Stock Appreciation Right under the Plan, as applicable, will not
be available for future Awards under the Plan.

  

​5.3 Adjustments. In the event of a change in
the outstanding Shares by reason of a stock split, reverse stock split, dividend or other distribution (whether in the form of
cash, Shares, other securities or other property), extraordinary cash dividend, recapitalization, merger, consolidation, split-up,
spin-off, reorganization, combination, repurchase or exchange of Shares or other securities or similar corporate transaction or
event, the Committee shall make an appropriate adjustment to prevent dilution or enlargement of the benefits or potential benefits
intended to be made available under the Plan. Any such adjustment with respect to Nonqualified Stock Options and Stock Appreciation
Rights shall satisfy the requirements of Treas. Reg. § 1.409A-1(b)(5)(v)(D) and otherwise ensure that such awards continue
to be exempt from Code Section 409A, and any adjustment to Awards that are subject to Code Section 409A shall comply
with Code Section 409A and the regulations and rulings thereunder. Any adjustment made by the Committee under this Section 5.3
will be conclusive and binding for all purposes under the Plan.

 

    21

     

    

   

5.4 Change in Control.

 

(a)Unless otherwise provided under the
terms of an applicable Award Certificate, (i) all outstanding Stock Options and Stock Appreciation Rights will become
exercisable as of the effective date of a Participant’s Change in Control Termination if the Awards are not otherwise
vested, and all conditions will be waived with respect to outstanding Restricted Stock, Restricted Units and other
Stock-Based Awards (other than Long Term Performance Awards) and Deferred Stock Units, and (ii) each Participant who has
been granted an Annual Performance Bonus or Long Term Performance Award that is outstanding as of the date of such
Participant’s Change in Control Termination will be deemed to have achieved a level of performance, as of the Change in
Control Termination, that would cause all (100%) of the Participant’s Target Amounts to become payable, except with
respect to portions of the Bonus or Award that have already been determined and certified by the Committee, in which case
those portions of the Bonus or Award will become payable at the certified performance level. Unless the Committee determines
otherwise in its discretion (either when the award is granted or any time thereafter), in the event that Awards outstanding
as of the date of a Change in Control that are payable in shares of Company Common Stock will not be substituted with
comparable awards payable or redeemable in shares of publicly-traded stock after the Change in Control, each such outstanding
Award (i) will become fully vested (at target, where applicable) immediately prior to the Change in Control and
(ii) each such Award that is a Stock Option will be settled in cash, without the Participant’s consent, for an
amount equal to the amount that could have been attained upon the exercise of such Award immediately prior to the Change in
Control had such Award been exercisable or payable at such time.

 

(b)In addition to or in lieu of the other
actions described in Section 5.4(a), the Committee has the authority in the event of a Change in Control to exercise its discretion
in good faith to take such other actions with respect to outstanding Awards as are deemed reasonable and appropriate under the
circumstances to assure that the value of such Awards and Participants’ opportunities to recognize the value of such Awards
are preserved. Such actions may be taken without the consent of the Participant and may include without limitation the following:
(i) the Committee may determine that outstanding Stock Options and Stock Appreciation Rights shall be fully exercisable, and
restrictions on Restricted Stock, Restricted Units, Deferred Stock Units and other Stock-Based Awards shall lapse, as of the date
of the Change in Control or such other time (prior to a Participant’s Change in Control Termination) as the Committee determines
appropriate under the existing circumstances, (ii) the Committee may require that a Participant surrender outstanding Stock
Options and Stock Appreciation Rights in exchange for one or more payments by the Company, in cash or Common Stock as determined
by the Committee, in an amount equal to the amount by which the then Fair Market Value of the shares of Common Stock subject to
the Participant’s unexercised Stock Options and Stock Appreciation Rights exceeds the exercise price, if any, and on such
terms as the Committee determines (it being understood that if the per share Fair Market Value is less than or equal to the per
share exercise price, the Stock Option or Stock Appreciation Right, as applicable, shall be cancelled for no consideration), (iii) after
giving Participants an opportunity to exercise their outstanding Stock Options and Stock Appreciation Rights, the Committee may
terminate any or all unexercised Stock Options and Stock Appreciation Rights at such time as the Committee deems appropriate, (iv) the
Committee may determine that Annual Performance Bonuses and/or Long Term Performance Awards will be paid out at their target level,
in cash or Common Stock as determined by the Committee, or (v) the Committee may determine that Awards that remain outstanding
after the Change in Control shall be converted to similar grants of, or assumed by, the surviving corporation (or a parent or subsidiary
of the surviving corporation or successor). Such acceleration, surrender, termination, settlement or conversion shall take place
as of the date of the Change in Control or such other date as the Committee may specify. The Committee may specify how an Award
will be treated in the event of a Change in Control either when the Award is granted or at any time thereafter, including without
limitation by approval of language included in an agreement entered into by the Company in connection with a Change in Control,
except as otherwise provided herein.

 

5.5 Fractional Shares. No fractional
Shares will be issued under the Plan. Except as otherwise provided in Section 4.5(e), if a Participant acquires the right
to receive a fractional Share under the Plan, the Participant will receive, in lieu of the fractional Share, a full Share as of
the date of settlement, unless otherwise provided by the Committee.

 

    22

     

    

 

ARTICLE VI

AMENDMENT AND TERMINATION

 

6.1 Amendment. The Plan may be amended
at any time and from time to time by the Board without the approval of stockholders of the Company, except that no material revision
to the terms of the Plan will be effective until the amendment is approved by the stockholders of the Company. A revision is “material”
for this purpose if, among other changes, it materially increases the number of Shares that may be issued under the Plan (other
than an increase pursuant to Section 5.3), expands the types of Awards available under the Plan, materially expands the class
of persons eligible to receive Awards under the Plan, materially extends the term of the Plan, materially decreases the Exercise
Price at which Stock Options or Stock Appreciation Rights may be granted, reduces the Exercise Price of outstanding Stock Options
or Stock Appreciation Rights, or results in the replacement of outstanding Stock Options and Stock Appreciation Rights with new
Awards that have an Exercise Price that is lower than the Exercise Price of the replaced Stock Options and Stock Appreciation Rights,
or if approval by stockholders of the Company is necessary to comply with any applicable law, tax or regulatory requirement, or
listing requirement of the New York Stock Exchange or any other national exchange on which the Shares are listed, for which or
with which the Board deems it necessary or desirable to qualify or comply. No amendment of the Plan or any outstanding Award made
without the Participant’s written consent may materially impact any right of a Participant with respect to an outstanding
Award.

 

6.2 Termination. The Plan will terminate
upon the earlier of the following dates or events to occur:

 

(a)the adoption of a resolution
of the Board terminating the Plan; or

 

(b)June 27, 2027.

 

No Awards will be granted under this Plan after it has terminated.
The termination of the Plan, however, will not alter or impair any of the rights or obligations of any person under any Award previously
granted under the Plan without such person’s consent. After the termination of the Plan, any previously granted Awards will
remain in effect and will continue to be governed by the terms of the Plan and the applicable Award Certificate.

 

ARTICLE VII

GENERAL PROVISIONS

 

7.1 Nontransferability of Awards.
Effective March 8, 2017, no Award under the Plan (regardless of when granted) will be subject in any manner to alienation, anticipation,
sale, assignment, pledge, encumbrance or transfer, and no other persons will otherwise acquire any rights therein, except by will
or by the laws of descent or distribution. Restricted Stock may be freely transferred after the restrictions lapse or are satisfied
and the Shares are delivered, provided, however, that Restricted Stock awarded to an affiliate of the Company may be transferred
only pursuant to Rule 144 under the Securities Act, or pursuant to an effective registration for resale under the Securities
Act. For purposes of this subsection (d), “affiliate” will have the meaning assigned to that term under Rule 144.

 

7.2 Withholding of Taxes. The Committee,
in its discretion, may satisfy a Participant’s tax withholding obligations by any of the following methods or any method
as it determines to be in accordance with the laws of the jurisdiction in which the Participant resides, has domicile or performs
services.

 

(a) Stock Options and Stock
Appreciation Rights. As a condition to the delivery of Shares pursuant to the exercise of a Stock Option or Stock
Appreciation Right, the Committee may require that the Participant, at the time of exercise, pay to the Company by cash,
certified check, bank draft, wire transfer or postal or express money order an amount sufficient to satisfy any applicable
tax withholding obligations. The Committee may also, in its discretion, accept payment of tax withholding obligations through
any of the Exercise Price payment methods described in Section 4.3(d).

 

    23

     

    

 

(b) Other Awards Payable in Shares. The
Participant shall satisfy the Participant’s tax withholding obligations arising in connection with the release of
restrictions on Restricted Units, Restricted Stock and other Stock- Based Awards by payment to the Company in cash or by
certified check, bank draft, wire transfer or postal or express money order, provided that the format is approved by the
Company or a designated third-party administrator. However, subject to any requirements of applicable law, the Company may
also satisfy the Participant’s tax withholding obligations by other methods, including selling or withholding Shares
that would otherwise be available for delivery, provided that the Board or the Committee has specifically approved such
payment method in advance.

 

(c) Cash Awards. The Company may
satisfy a Participant’s tax withholding obligation arising in connection with the payment of any Award in cash by withholding
cash from such payment.

 

7.3 Special Forfeiture Provision.
The Committee may, in its discretion, provide in an Award Certificate that if the Participant engages in acts that are deemed to
be detrimental to the best interests of the Company, including without limitation, (i) any breach of the Company’s Guide
to Ethical Conduct or engagement in any other act that could result in the Participant’s Termination of Employment for Cause,
or (ii) the Participant’s engagement in activities that are deemed to be competitive or potentially competitive to the interests
of the Company or any Subsidiary, including entering into any employment or consultation arrangement with any entity or person
engaged in any business in which the Company or any Subsidiary is engaged without prior written approval of the Company if, in
the sole judgment of the Company, the business is competitive with the Company or any Subsidiary or business unit or such employment
or consultation arrangement would present a risk that the Participant would likely disclose Company proprietary information (as
determined by the Company), then the Participant’s outstanding Awards can be forfeited and any profits realized or Shares
delivered as a result of the payment, vesting or exercise of Awards before or after the Participant’s Termination of Employment
will be subject to forfeiture and reimbursement to the Company under such terms and conditions as are deemed appropriate by the
Committee.

 

7.4 No Implied Rights. The establishment
and operation of the Plan, including the eligibility of a Participant to participate in the Plan, will not be construed as conferring
any legal or other right upon any Director for any continuation of directorship or any Employee for the continuation of employment
through the end of any Performance Cycle or other period. The Company expressly reserves the right, which may be exercised at any
time and in the Company’s sole discretion, to discharge any individual or treat him or her without regard to the effect such
discharge might have upon him or her as a Participant in the Plan.

 

7.5 No Obligation to Exercise Awards.
The grant of a Stock Option or Stock Appreciation Right will impose no obligation upon the Participant to exercise the Award.

 

7.6 No Rights as Stockholders. A
Participant who is granted an Award under the Plan will have no rights as a stockholder of the Company with respect to the Award
unless and until certificates for the Shares underlying the Award are registered in the Participant’s name and (other than
in the case of Restricted Stock) delivered to the Participant. The right of any Participant to receive an Award by virtue of participation
in the Plan will be no greater than the right of any unsecured general creditor of the Company.

 

7.7 Indemnification of Committee.
The Company will indemnify, to the fullest extent permitted by law, each person made or threatened to be made a party to any civil
or criminal action or proceeding by reason of the fact that the person, or the executor or administrator of the person’s
estate, is or was a member of the Committee or a delegate of the Committee.

 

7.8 No Required Segregation of Assets.
Neither the Company nor any Subsidiary will be required to segregate any assets that may at any time be represented by Awards granted
pursuant to the Plan.

 

7.9 Nature of Payments. All Awards
made pursuant to the Plan are in consideration of services for the Company or a Subsidiary. Any gain realized pursuant to Awards
under the Plan constitutes a special incentive payment to the Participant and will not be taken into account as compensation for
purposes of any other employee benefit plan of the Company or a Subsidiary, except as the Committee otherwise provides. The adoption
of the Plan will have no effect on Awards made or to be made under any other benefit plan covering an employee of the Company or
a Subsidiary or any predecessor or successor of the Company or a Subsidiary.

 

7.10 Securities Law Compliance.
Awards under the Plan are intended to satisfy the requirements of Rule 16b-3 under the Exchange Act. If any provision of
this Plan or any grant of an Award would otherwise frustrate or conflict with this intent, that provision will be interpreted
and deemed amended so as to avoid conflict. No Participant will be entitled to a grant, exercise, transfer or payment of any
Award if the grant, exercise, transfer or payment would violate the provisions of the Sarbanes-Oxley Act of 2002 or any other
applicable law.

 

    24

     

    

 

7.11 Section 409A
Compliance. To the extent applicable, it is intended that the Plan and all Awards hereunder comply with, or be exempt
from, the requirements of Section 409A of the Code and the Treasury Regulations and other guidance issued thereunder,
and that the Plan and all Award Agreements shall be interpreted and applied by the Committee in a manner consistent with this
intent in order to avoid the imposition of any additional tax under Section 409A of the Code. To the extent any Award
granted under the Plan either qualifies for an exemption from the requirements of Section 409A of the Code or is subject to
Section 409A of the Code, the Plan and the Award Certificate will be interpreted such that the Award qualifies for an
exemption or, if Section 409A of the Code is applicable, in accordance with Section 409A of the Code and Department of
Treasury regulations and other interpretive guidance issued thereunder, including without limitation any such regulations or
other guidance that may be issued after the Effective Date. Notwithstanding any provision of the Plan, in the event that the
Committee determines that any Award may be subject to Section 409A of the Code, the Committee may adopt such amendments
to the Plan and/or the applicable Award Certificate or adopt policies and procedures or take any other action or actions,
including an action or amendment with retroactive effect, that the Committee determines is necessary or appropriate to
(i) exempt the Award from the application of Section 409A of the Code or (ii) comply with the requirements of
Section 409A of the Code. Any Award that provides for a payment to any Participant who is a “specified
employee” of deferred compensation that is subject to Code Section 409A(a)(2) and that becomes payable upon, or
that is accelerated upon, such Participant’s Termination of Employment, shall not be made on or before the date which
is six months following such Participant’s Termination of Employment (or, if earlier, such Participant’s death).
A specified employee for this purpose shall be determined by the Committee or its delegate in accordance with the provisions
of Code Section 409A and the regulations and rulings thereunder. If a grant under the Plan is subject to Section 409A of
the Code, then (i) distributions shall only be made in a manner and upon an event permitted under Section 409A of the Code,
(ii) payments to be made upon termination of employment shall only be made upon a “separation from service” under
Section 409A of the Code, (iii) unless the grant agreement specifies otherwise, each installment payment shall be treated as
a separate payment for purposes of Section 409A of the Code, and (iv) in no event shall a Participant, directly or
indirectly, designate the calendar year in which a distribution is made except as permitted in accordance with Section 409A
of the Code. Neither a Participant nor any of a Participant’s creditors or beneficiaries shall have the right to
subject any deferred compensation (within the meaning of Section 409A of the Code) payable under the Plan and grants of
deferred compensation hereunder to any anticipation, alienation, sale, transfer, assignment, pledge, encumbrance, attachment
or garnishment. Except as permitted under Section 409A of the Code, any deferred compensation (within the meaning of Section
409A of the Code) payable to a Participant or for a Participant’s benefit under the Plan and grants of deferred
compensation hereunder may not be reduced by, or offset against, any amount owing by a Participant to the Company or any of
its affiliates. In any case, a Participant shall be solely responsible and liable for the satisfaction of all taxes and
penalties that may be imposed on a Participant or for a Participant’s account in connection with the Plan and grants
hereunder (including any taxes, interest and/or penalties under Section 409A of the Code), and neither the Company nor any of
its affiliates shall have any obligation to indemnify or otherwise hold a Participant harmless from any or all of such taxes,
interest and/or penalties.

​

7.12 Governing Law, Severability.
The Plan and all determinations made and actions taken under the Plan will be governed by the law of Switzerland and construed
accordingly. If any provision of the Plan is held unlawful or otherwise invalid or unenforceable in whole or in part, the unlawfulness,
invalidity or unenforceability will not affect any other parts of the Plan, which parts will remain in full force and effect.

 

7.13.Non U.S. Participants. In
order to facilitate the making of any grant or combination of grants under the Plan, the Committee may provide for such
special terms for awards to Participants who are foreign nationals or who are employed by the Company or any Subsidiary
outside of the United States of America or who provide services to the Company under an agreement with a foreign nation or
agency, as the Committee may consider necessary or appropriate to accommodate differences in local law, tax policy or custom,
to comply with applicable foreign laws or facilitate the offering and administration of the Plan in view of such foreign laws
and to allow for tax-preferred treatment of Awards. Moreover, the Committee may approve such supplements to or amendments,
restatements or alternative versions of the Plan (including, without limitation, sub-plans) and modify exercise procedures,
and other terms and procedures, as it may consider necessary or appropriate for such purposes, without thereby affecting the
terms of the Plan as in effect for any other purpose, and the Secretary or other appropriate officer of the Company may
certify any such document as having been approved and adopted in the same manner as the Plan. No such special terms,
supplements, amendments, restatements, sub-plans or modifications, however, will include any provisions that are inconsistent
with the terms of the Plan as then in effect unless the Plan could have been amended to eliminate such inconsistency without
further approval by the shareholders of the Company.

​​

    25Exhibit 10.2

 

TE CONNECTIVITY LTD.

EMPLOYEE STOCK PURCHASE PLAN

AS AMENDED AND RESTATED March 10, 2021

 

ARTICLE 1 – PURPOSE

 

The TE Connectivity Ltd. Employee Stock Purchase Plan (the “Plan”)
is created for the purpose of encouraging stock ownership by officers and employees of TE Connectivity Ltd. and its subsidiaries
(the “Company”) so that they may share in the growth of the Company by acquiring or increasing their proprietary interest
in the Company.

 

ARTICLE 2 – ADMINISTRATION OF THE PLAN

 

The Plan will be administered by the Management Development
and Compensation Committee (the “Committee”) of the Board of Directors of the Company or its designee. The interpretation
and construction by the Committee or its designee of any provision of the Plan shall be final unless otherwise determined by the
Board of Directors.  The Committee or its designee may adopt, from time to time, such rules and regulations, as it deems
appropriate for carrying out the Plan.  No member of the Committee or the Committee’s designee shall be liable for any
action or determination made in good faith with respect to the Plan.

 

ARTICLE 3 – ELIGIBLE EMPLOYEES

 

The Senior Vice President, Human Resources of TE Connectivity
will, from time to time, determine which of the Company’s employees (including employees of the Company’s subsidiaries
and divisions) will be eligible to participate in the Plan.  All officers who are employees of the Company will be eligible
to participate in the Plan, unless otherwise determined by the Senior Vice President, Human Resources of TE Connectivity. 
Eligible employees who elect to participate in the Plan shall hereinafter be referred to as “Participants.”

 

Notwithstanding the foregoing, any employee who sells Shares
purchased under the Plan within three months of the date of purchase shall be precluded from participating in the Plan for the
next 12 months.

 

ARTICLE 4 – SHARES TO BE PURCHASED

 

The stock subject to purchase under the Plan is 9,000,000 shares
(subject to adjustment in the event of stock splits, stock dividends, recapitalization, or similar adjustment in the Company’s
common stock) of the common stock of the Company (the “Shares”).  At the discretion of the Company, Shares purchased
on behalf of Plan Participants (a) will be purchased on the open market or (b) will be issued to the Plan by the Company
and allocated to Plan Participants from newly-issued shares or from shares (“Treasury Shares”) acquired by the Company,
any Subsidiary or any other person or entity designated by the Company, including the Company’s treasury shares.

 

ARTICLE 5 – PAYROLL DEDUCTIONS

 

Participants, upon entering the Plan, shall authorize
payroll deductions to be made for the purchase of Shares.  The maximum deduction shall not, on a per pay period basis,
exceed a Participant’s after-tax pay. Generally, bonus earnings are excluded from ESPP deductions unless as otherwise
authorized by local management. The Participant may authorize increases or decreases in the amount of payroll
deductions.  In order to effect such a change in the amount of the payroll deductions, the Company must receive notice
of such change in the manner specified by the Company and changes will take effect as soon as administratively
possible.  The Company will accumulate and hold for the Participant’s account the amounts deducted from his/her
pay.  No interest shall be paid on such amounts.  In the event that payroll deductions are either prohibited under
local law or otherwise deemed to be administratively burdensome, the Company may accept employee contributions to the Plan in
such other form as is deemed appropriate.

 

Notwithstanding any other provision in the Plan to the contrary,
the maximum annual employee contribution for employees who are subject to the reporting and short-swing profit provisions of Section 16
of the Securities and Exchange Act of 1934 shall be $25,000.

 

    1 

     

    

 

ARTICLE 6 – EMPLOYER CONTRIBUTION

 

The Company will match each employee’s contribution by
contributing to the Plan an additional fifteen percent (15%) of the employee’s payroll deduction.  The Company matching
contribution will be paid on employee contributions made to the Plan up to a maximum annual contribution of $40,000 (US). For purposes
of determining the Company’s maximum annual contribution in countries outside the United States, the U.S. dollar equivalent
of the $40,000 employee contribution (or other designated annual employee contribution) for any calendar year will be based on
the exchange rate in effect on the first business day of December of the prior calendar year.  The Committee, from time
to time, may increase or decrease the percentage of the Company’s contribution to the Participant’s payroll deduction
if the interests of the Company so require.  The matching contributions hereunder are not intended to be entitled or part
of the regular compensation of any Participant.  The Company will pay all commissions relating to the purchase of the Shares
under the Plan, and the Company will pay all administrative costs associated with the implementation and operation of the Plan.

 

ARTICLE 7 – AUTHORIZATION FOR ENTERING THE PLAN

 

An eligible employee may enter the Plan by enrolling in the
Plan and specifying his/her contribution amount in the manner authorized by the Company.  Such authorization will take effect
as of the next practicable payroll period.  Unless a Participant authorizes changes to his/her payroll deductions in accordance
with Article 5 or withdraws from the Plan, his/her deductions under the latest authorization on file with the Company shall
continue from one payment period to the succeeding payment period as long as the Plan remains in effect.

 

ARTICLE 8 – PURCHASE OF SHARES

 

All Shares purchased under the Plan which are purchased on the
open market shall be purchased by a broker designated, from time to time, by the Committee.  On a monthly basis, as soon as
practicable following the month end, the Company shall remit the total of contributions to the broker for the purchase of the Shares. 
The broker will then execute the purchase order and the Plan Administrator shall allocate Shares (or fraction thereof) to each
participant’s individual recordkeeping account.  In the event the purchase of Shares takes place over a number of days
and at different prices, then each participant’s allocation shall be adjusted on the basis of the average price per Share
over such period.

 

All Shares issued to the Plan from newly-issued or Treasury
Shares will be allocated to Participants’ accounts as of the eighth trading day of the month and will be allocated based
on the volume weighted average price of the Company’s stock on the New York Stock exchange on such date.

 

ARTICLE 9 – ISSUANCE OF SHARES

 

The Shares purchased under the Plan shall be held by the Plan
Administrator or its nominee.  Participants shall receive annual statements that will evidence all activity in the accounts
that have been established on their behalf.  Such statements will be issued by the Plan Administrator or its nominee. 
Participants may also review periodic statements electronically if provided more frequently than annually by the Plan Administrator.
In the event a Participant wishes to hold certificates in his/her own name, the Participant must instruct the Plan Administrator
or its nominee independently and bear the costs associated with the issuance of such certificates and pay, if required, a fee for
each certificate so issued.  Fractional Shares shall be liquidated on a cash basis only in lieu of the issuance of certificates
for such fractional Shares upon the employee’s withdrawal.

 

ARTICLE 10 – AUTOMATIC DIVIDEND REINVESTMENT

 

Any dividends paid to Participants for Shares purchased under
the Plan and held by the Plan Administrator shall be automatically reinvested in the Shares of the Company.

 

ARTICLE 11 – SALE OF SHARES PURCHASED UNDER THE
PLAN

 

Each Participant may sell at any time all or any portion of
the Shares acquired under the Plan and held by the Plan Administrator by notifying the Plan Administrator, or its designee, who
will direct the broker to execute the sale on behalf of the Participant.  The Participant shall pay the broker’s commission
and any other expenses incurred with regard to the sale of the Shares.  All such sales of the Shares
will be subject to compliance with any applicable federal or state securities, tax or other laws.  Each participant assumes
the risk of any fluctuations in the market price of the Shares.

 

    2 

     

    

 

ARTICLE 12 – WITHDRAWAL FROM THE PLAN

 

A Participant may cease making contributions to the Plan
at any time by changing his/her payroll deduction to zero as described in Article 5.  In order to execute a sale of
all or part of the Shares purchased under the Plan and held by the Plan Administrator, the Participant must contact the Plan
Administrator, or its designee, directly.  If the Participant desires to withdraw from the Plan by liquidating all or
part of his/her shareholder interest, he/she shall receive the proceeds from the sale thereof, minus the commission and other
expenses on such sale.

 

ARTICLE 13 – NO TRANSFER OR ASSIGNMENT

 

A Participant’s right to purchase Shares under the Plan
through payroll deduction is his/hers alone and may not be transferred or assigned to, or availed of, by any other person.

 

ARTICLE 14 – TERMINATION OF EMPLOYEE RIGHTS

 

All of the employee’s rights under the Plan will terminate
when he/she ceases to be an eligible employee due to retirement, resignation, death, termination, or any other reason.  A
notice of withdrawal will be deemed to have been received from a Participant on the day of his/her final payroll deduction. 
If a Participant’s payroll deductions are interrupted by any legal process, a withdrawal notice will be deemed as having
been received on the day the interruption occurs.

 

In the event of the employee’s termination of employment
for any reason, a Participant will be required to:

 

1. Sell any shares remaining in the Participant’s account;
or

2. Transfer all remaining whole shares to an individual brokerage
account; or

3. Whole shares will be held by the Company’s Transfer
Agent in the form designated by the Transfer Agent.

 

Any fractional shares remaining in the Participant’s account
will be sold and the proceeds will be sent to the Participant.

 

Unless otherwise required by local law, if a Participant does
not take action within 60 days after he/she ceases to be an eligible employee due to retirement, resignation, death, termination,
or any other reason, his/her shares will be issued as designated by the Company’s Transfer Agent as described in option 3
above.  The Participant will be sent a communication from the Company’s Transfer Agent confirming the shares are being
held by them and details around how to transact on those shares in the future.  The Participant will also receive a check
equal to the proceeds from the sale of fractional shares, less applicable transaction and handling fees.

 

ARTICLE 15 – TERMINATION AND AMENDMENT TO THE
PLAN

 

The Plan may be terminated at any time by the Company’s
Board of Directors if the interests of the Company so require.  Upon such termination, or any other termination of the Plan,
all payroll deductions not used to purchase Shares will be refunded.  The Board of Directors also reserves the right to amend
the Plan, from time to time, in any respect and authorizes the Committee to approve amendments to the Plan on its behalf.

 

ARTICLE 16 – LOCAL TAX LAWS

 

If the provisions of the Plan contradict local tax laws, the
local tax laws shall prevail. 

 

    3

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