Document:

Exhibit 10.13

 

The Mattress Firm, Inc. Executive Nonqualified Excess Plan

 

 

Effective Date

January 1, 2017

 

The Mattress Firm, Inc. Executive Nonqualified
Excess Plan

 

	Article I	 
	 	Establishment and Purpose	1
	 	 	 
	Article II	 
	 	Definitions	1
	 	 	 
	Article III	 
	 	Eligibility and Participation	7
	 	 	 
	Article IV	 
	 	Deferrals	8
	 	 	 
	Article V	 
	 	Company Contributions	12
	 	 	 
	Article VI	 
	 	Payments from Accounts	13
	 	 	 
	Article VII	 
	 	Valuation of Account Balances; Investments	16
	 	 	 
	Article VIII	 
	 	Administration	17
	 	 	 
	Article IX	 
	 	Amendment and Termination	18
	 	 	 
	Article X	 
	 	Informal Funding	19
	 	 	 
	Article XI	 
	 	Claims	20
	 	 	 
	Article XII	 
	 	General Provisions	28

 

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The Executive Nonqualified Excess Plan of
Mattress Firm, Inc.

 

Article
I

Establishment and Purpose

 

Mattress Firm, Inc. (the “Company”)
hereby establishes The Mattress Firm, Inc. Executive Nonqualified Excess Plan (the “Plan”), effective January 1, 2017. The
Plan amends and restates the previous version of the Plan dated July 29, 2005 and applies to Compensation earned and deferred on or after
January 1, 2017.

 

The purpose of the Plan is to attract and
retain key employees by providing them with an opportunity to defer receipt of a portion of their salary, bonus, and other specified compensation.
The Plan is not intended to meet the qualification requirements of Code Section 401(a), but is intended to meet the requirements of Code
Section 409A, and shall be operated and interpreted consistent with that intent.

 

The Plan constitutes an unsecured promise
by a Participating Employer to pay benefits in the future. Participants in the Plan shall have the status of general unsecured creditors
of their Participating Employer, as applicable. Each Participating Employer shall be solely responsible for payment of the benefits attributable
to services performed for it. The Plan is unfunded for Federal tax purposes and is intended to be an unfunded arrangement for Eligible
Employees who are part of a select group of management or highly compensated employees within the meaning of Sections 201(2), 301(a)(3)
and 401(a)(1) of ERISA. Any amounts set aside to defray the liabilities assumed by a Participating Employer will remain the general assets
of such Participating Employer and shall remain subject to the claims of the Participating Employer’s creditors until such amounts
are distributed to the Participants.

 

Article
II 

Definitions

 

		2.1	Account. Account means a bookkeeping account maintained by the Committee to record the payment obligation of a Participating
Employer to a Participant as determined under the terms of the Plan. The Committee may maintain an Account to record the total obligation
to a Participant and component Accounts to reflect amounts payable at different times and in different forms. Unless the Committee provides
otherwise for one or more Participants, a Participant shall have a Separation Account and may establish up to five Specified Date Accounts.
Reference to an Account means any such Account established by the Committee, as the context requires. Accounts are intended to constitute
unfunded obligations within the meaning of Sections 201(2), 301(a)(3) and 401(a)(1) of ERISA.

 

		2.2	Account Balance. Account Balance means, with respect to any Account, the total payment obligation owed to a Participant from
such Account as of the most recent Valuation Date.

 

		2.3	Affiliate. Affiliate means a corporation, trade or business that, together with the Company, is treated as a single employer
under Code Section 414(b) or (c).

 

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The Executive Nonqualified Excess Plan of
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		2.4	Beneficiary. Beneficiary means a natural person, estate, or trust designated by a Participant in accordance with Section 6.3
hereof to receive payments to which a Beneficiary is entitled in accordance with provisions of the Plan.

 

		2.5	Business Day. Business Day means each day on which the New York Stock Exchange is open for business.

 

		2.6	Change in Control. Change in Control means, with respect to a Participating Employer that is organized as a corporation, any
of the following events: (i) a change in the ownership of the Participating Employer, (ii) a change in the effective control of the Participating
Employer, or (iii) a change in the ownership of a substantial portion of the assets of the Participating Employer.

 

For purposes of this Section, a
change in the ownership of the Participating Employer occurs on the date on which any one person, or more than one person acting as a
group, acquires ownership of stock of the Participating Employer that, together with stock held by such person or group constitutes more
than 50% of the total fair market value or total voting power of the stock of the Participating Employer. A change in the effective control
of the Participating Employer occurs on the date on which either: (i) a person, or more than one person acting as a group, acquires ownership
of stock of the Participating Employer possessing 30% or more of the total voting power of the stock of the Participating Employer, taking
into account all such stock acquired during the 12-month period ending on the date of the most recent acquisition, or (ii) a majority
of the members of the Participating Employer’s Board of Directors is replaced during any 12-month period by directors whose appointment
or election is not endorsed by a majority of the members of such Board of Directors prior to the date of the appointment or election,
but only if no other corporation is a majority shareholder of the Participating Employer . A change in the ownership of a substantial
portion of assets occurs on the date on which any one person, or more than one person acting as a group, other than a person or group
of persons that is related to the Participating Employer, acquires assets from the Participating Employer that have a total gross fair
market value equal to or more than 40% of the total gross fair market value of all of the assets of the Participating Employer immediately
prior to such acquisition or acquisitions, taking into account all such assets acquired during the 12-month period ending on the date
of the most recent acquisition.

 

An event constitutes a Change in
Control with respect to a Participant only if the Participant performs services for the Participating Employer that has experienced the
Change in Control, or the Participant’s relationship to the affected Participating Employer otherwise satisfies the requirements
of Treasury Regulation Section 1.409A-3(i)(5)(ii).

 

Notwithstanding anything to the
contrary herein, with respect to a Participating Employer that is a partnership, Change in Control means only a change in the ownership
of the partnership or a change in the ownership of a substantial portion of the assets of the partnership, and the provisions set forth
above respecting such changes relative to a corporation shall be applied by analogy.

 

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		2.7	Claimant. Claimant means a Participant or Beneficiary
filing a claim under Article XI of this Plan.

 

		2.8	Code. Code means the Internal Revenue Code of 1986, as
amended from time to time.

 

		2.9	Code Section 409A. Code Section 409A means section 409A of the Code, and regulations and other guidance issued by the Treasury
Department and Internal Revenue Service thereunder.

 

		2.10	Committee. Committee means the administrative committee
appointed by the Board of Directors to administer the Plan.

 

		2.11	Company. Company means Mattress Firm, Inc., a Delaware
corporation.

 

		2.12	Company Contribution. Company Contribution means a discretionary credit by a Participating Employer to a Participant’s
Separation Account in accordance with the provisions of Article V of the Plan. Unless the context clearly indicates otherwise, a reference
to Company Contribution shall include Earnings attributable to such contribution.

 

		2.13	Compensation. Compensation means a Participant’s base salary, bonus, commission and such other cash or equity-based compensation
(if any) approved by the Committee as Compensation that may be deferred under this Plan, excluding any compensation that has been previously
deferred under this Plan or any other arrangement subject to Code Section 409A and excluding any compensation that is not U.S. source
income.

 

		2.14	Compensation Deferral Agreement. Compensation Deferral Agreement means an agreement between a Participant and a Participating
Employer that specifies: (i) the amount of each component of Compensation that the Participant has elected to defer to the Plan in accordance
with the provisions of Article IV, and (ii) the Payment Schedule applicable to one or more Accounts.

 

		2.15	Deferral. Deferral means a credit to a Participant’s Account(s) that records that portion of the Participant’s
Compensation that the Participant has elected to defer to the Plan in accordance with the provisions of Article IV. Unless the context
of the Plan clearly indicates otherwise, a reference to Deferrals includes Earnings attributable to such Deferrals.

 

		2.16	Director. Director means a member of the Board of Directors
of the Company.

 

		2.17	Earnings. Earnings means an adjustment to the value of
an Account in accordance with Article VII.

 

		2.18	Effective Date. Effective Date means November 1, 2016. The Plan applies to Compensation earned and deferred on and after January
1, 2017.

 

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		2.19	Eligible Employee. Eligible Employee means a member of a “select group of management or highly compensated employees”
of a Participating Employer within the meaning of Sections 201(2), 301(a)(3) and 401(a)(1) of ERISA, as determined by the Committee from
time to time in its sole discretion.

 

		2.20	Employee. Employee means a common-law employee of an
Employer.

 

		2.21	Employer. Employer means the Company and each Affiliate.

 

		2.22	ERISA. ERISA means the Employee Retirement Income Security
Act of 1974, as amended from time to time.

 

		2.23	Participant. Participant means an Eligible Employee who
has an Account Balance greater than zero.

 

		2.24	Participating Employer. Participating Employer means the Company and each Affiliate who has adopted the Plan with respect to
its Eligible Employees. Each Participating Employer shall be identified on Schedule A attached hereto.

 

		2.25	Payment Schedule. Payment Schedule means the date as of which payment of an Account under the Plan will commence and the form
in which payment of such Account will be made.

 

		2.26	Performance-Based Compensation. Performance-Based Compensation means Compensation where the amount of, or entitlement to, the
Compensation is contingent on the satisfaction of pre-established organizational or individual performance criteria relating to a performance
period of at least 12 consecutive months. Organizational or individual performance criteria are considered pre-established if established
in writing by not later than 90 days after the commencement of the period of service to which the criteria relate, provided that the outcome
is substantially uncertain at the time the criteria are established.

 

		2.27	Plan. Generally, the term Plan means the “The Mattress Firm, Inc. Executive Nonqualified Excess Plan,” as documented
herein and as may be amended from time to time hereafter. However, to the extent permitted or required under Code Section 409A, the term
Plan may in the appropriate context also mean a portion of the Plan that is treated as a single plan under Treas. Reg. Section 1.409A-1(c),
or the Plan or portion of the Plan and any other nonqualified deferred compensation plan or portion thereof that is treated as a single
plan under such section.

 

		2.28	Plan Year. Plan Year means January 1 through December
31.

 

		2.29	Retirement Account. Retirement Account means the Retirement Account established by the Committee to record Company Contributions
credited to a Participant in accordance with Article V, and any Deferrals allocated to such Separation Account by a Participant and which
are payable upon a Participant’s Separation from Service.

 

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The Executive Nonqualified Excess Plan of
Mattress Firm, Inc.

 

		2.30	Separation Account. Separation Account means an Account established by the Committee to record Deferrals allocated to such
Account by a Participant and which are payable upon a Participant’s Separation from Service. The Committee may establish a maximum
number of Separation Accounts that may be maintained at any one time by a Participant. Any such maximum will be communicated to Participants
during an applicable enrollment period.

 

		2.31	Separation from Service. Separation from Service means
an Employee’s termination of employment with the Employer.

 

Except in the case of an Employee
on a bona fide leave of absence as provided below, an Employee is deemed to have incurred a Separation from Service if the Employer and
the Employee reasonably anticipated that the level of services to be performed by the Employee after a date certain would be reduced to
20% or less of the average services rendered by the Employee during the immediately preceding 36-month period (or the total period of
employment, if less than 36 months), disregarding periods during which the Employee was on a bona fide leave of absence.

 

An Employee who is absent from work
due to military leave, sick leave, or other bona fide leave of absence shall incur a Separation from Service on the first date immediately
following the later of: (i) the six month anniversary of the commencement of the leave, or (ii) the expiration of the Employee’s
right, if any, to reemployment under statute or contract.

 

If a Participant is both a Director
and an Employee, the services provided as a Director shall be disregarded in determining whether there has been a Separation from Service
as an Employee, and the services provided as an Employee shall be disregarded in determining whether there has been a Separation from
Service as a Director, provided the portion of the Plan in which the Participant participates as a Director is substantially similar to
arrangements covering non-Employee Directors.

 

If a Participant ceases to provide
services as an Employee and begins providing services as an independent contractor for the Employer, a Separation from Service shall occur
at such time as the Participant incurs a Separation from Service as an Employee or, if there is no such Separation from Service following
the cessation of services as an Employee, then Separation from Service shall occur when the Participant incurs a Separation from Service
as a Director as set forth above.

 

A Separation from Service is determined
with respect to all Employers, except that in applying Code sections 1563(a)(1), (2) and (3) for purposes of determining whether another
organization is an Affiliate of the Company under Code Section 414(b), and in applying Treasury Regulation Section 1.414(c)-2 for purposes
of determining whether another organization is an Affiliate of the Company under Code Section 414(c), “at least 50 percent”
shall be used instead of “at least 80 percent” each place it appears in those sections.

 

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The Executive Nonqualified Excess Plan of
Mattress Firm, Inc.

 

The Committee specifically reserves
the right to determine whether a sale or other disposition of substantial assets to an unrelated party constitutes a Separation from Service
with respect to a Participant providing services to the seller immediately prior to the transaction and providing services to the buyer
after the transaction.

 

		2.32	Specified Date Account. Specified Date Account means an Account established by the Committee to record the amounts payable
in a future year as specified in the Participant’s Compensation Deferral Agreements. The Committee may establish a maximum number
of Specified Date Accounts that may be maintained at any one time by a Participant. Any such maximum will be communicated to Participants
during an applicable enrollment period.

 

		2.33	Specified Employee. Specified Employee means an Employee who, as of the date of his or her Separation from Service, is a “key
employee” of the Company or any Affiliate, any stock of which is actively traded on an established securities market or otherwise.
An Employee is a key employee if he or she meets the requirements of Code Section 416(i)(1)(A)(i), (ii), or (iii) (applied in accordance
with applicable regulations thereunder and without regard to Code Section 416(i)(5)) at any time during the 12-month period ending on
the Specified Employee Identification Date. Such Employee shall be treated as a key employee for the entire 12-month period beginning
on the Specified Employee Effective Date.

 

For purposes of determining whether
an Employee is a Specified Employee, the compensation of the Employee shall be determined in accordance with the definition of compensation
provided under Treas. Reg. Section 1.415(c)-2(d)(3) (wages within the meaning of Code section 3401(a) for purposes of income tax withholdings
at the source, plus amounts excludible from gross income under section 125(a), 132(f)(4), 402(e)(3), 402(h)(1)(B), 402(k) or 457(b), without
regard to rules that limit the remuneration included in wages based on the nature or location of the employment or the services performed);
provided, however, that, with respect to a nonresident alien who is not a Participant in the Plan, compensation shall not include compensation
that is not includible in the gross income of the Employee under Code Sections 872, 893, 894, 911, 931 and 933, provided such compensation
is not effectively connected with the conduct of a trade or business within the United States.

 

Notwithstanding anything in this
paragraph to the contrary: (i) if a different definition of compensation has been designated by the Company with respect to another nonqualified
deferred compensation plan in which a key employee participates, the definition of compensation shall be the definition provided in Treas.
Reg. Section 1.409A-1(i)(2), and (ii) the Company may through action that is legally binding with respect to all nonqualified deferred
compensation plans maintained by the Company, elect to use a different definition of compensation.

 

In the event of corporate transactions
described in Treas. Reg. Section 1.409A-1(i)6), the identification of Specified Employees shall be determined in accordance with the default
rules described therein, unless the Employer elects to utilize the available alternative methodology through designations made within
the timeframes specified therein.

 

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The Executive Nonqualified Excess Plan of
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		2.34	Specified Employee Identification Date. Specified Employee Identification Date means December 31, unless the Employer has elected
a different date through action that is legally binding with respect to all nonqualified deferred compensation plans maintained by the
Employer.

 

		2.35	Specified Employee Effective Date. Specified Employee Effective Date means the first day of the fourth month following the
Specified Employee Identification Date, or such earlier date as is selected by the Committee.

 

		2.36	Substantial Risk of Forfeiture. Substantial Risk of Forfeiture has the meaning specified in Treas. Reg. Section 1.409A-1(d).

 

		2.37	Unforeseeable Emergency. Unforeseeable Emergency means a severe financial hardship to the Participant resulting from an illness
or accident of the Participant, the Participant’s spouse, the Participant’s dependent (as defined in Code section 152, without
regard to section 152(b)(1), (b)(2), and (d)(1)(B)), or a Beneficiary; loss of the Participant’s property due to casualty (including
the need to rebuild a home following damage to a home not otherwise covered by insurance, for example, as a result of a natural disaster);
or other similar extraordinary and unforeseeable circumstances arising as a result of events beyond the control of the Participant. The
types of events which may qualify as an Unforeseeable Emergency may be limited by the Committee.

 

		2.38	Valuation Date. Valuation Date means each Business Day. For purposes of valuing payments from the Plan, the Valuation Date
is the last day of the month immediately preceding the payment.

 

Article
III

Eligibility and Participation

 

		3.1	Eligibility and Participation. An Eligible Employee shall be eligible to participate in the Plan upon notification of eligibility
to participate. In order to become a Participant in the Plan with respect to Deferrals of Compensation, he or she must timely submit a
Compensation Deferral Agreement in accordance with the provisions of Article IV.

 

		3.2	Duration. A Participant shall be eligible to defer Compensation and receive allocations of Company Contributions, subject to
the terms of the Plan, for as long as such Participant remains an Eligible Employee. A Participant who is no longer an Eligible Employee
will not be allowed to submit future Compensation Deferral Agreements, but may modify existing Payment Schedules under Section 6.9, make
investment allocations under Article VII, and otherwise exercise all of the rights of a Participant under the Plan with respect to his
or her Account(s). An individual shall cease being a Participant in the Plan when his Account has been reduced to zero (0).

 

		3.3	Rehires. A Participant who Separates from Service and who subsequently resumes performing services for an Employer in the same
calendar year will have his or her Compensation Deferral Agreement
for such year, if any, reinstated in accordance with Section 4.2(a).

 

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Article
IV

Deferrals

 

		4.1	Deferral Elections, Generally.

 

		(a)	Time and Form; Effect. A Participant may elect to defer Compensation by submitting a Compensation Deferral Agreement during
the enrollment periods established by the Committee and in the manner specified by the Committee, but in any event, in accordance with
Section 4.2. A Compensation Deferral Agreement that is not timely filed with respect to a service period or component of Compensation,
or that is revocable at the time a Participant incurs a Separation from Service, shall be considered null and void and shall not take
effect. Elections remain revocable until the latest permissible deadline with respect to each item of Compensation described in Section
4.2. The Committee may modify any Compensation Deferral Agreement in whole or in part prior to the date the election becomes irrevocable.

 

		(b)	Minimum and Maximum Deferrals. The Committee may establish a minimum or maximum deferral amount for each component of Compensation,
not to exceed 80% of base salary and 100% of other Compensation deferred.

 

		(c)	Calculation. Deferrals of cash Compensation shall be calculated with respect to the gross cash Compensation payable to the
Participant prior to any deductions or withholdings, but shall be reduced by the Committee as necessary so as not to exceed 100% of the
cash Compensation of the Participant remaining after deduction of all required income and employment taxes, 401(k) (if required by the
401(k) Plan) and other employee benefit deductions, and other deductions required by law. Changes to payroll withholdings that affect
the amount of Compensation being deferred to the Plan shall be allowed only to the extent permissible under Code Section 409A.

 

		(d)	Allocations Among Accounts; Payment Schedules; Default Elections. The Participant shall specify on his or her Compensation
Deferral Agreement the amount of Deferrals and whether to allocate Deferrals to the Retirement Account, one or more Separation Accounts
or to one or more Specified Date Accounts. A Participant shall also specify in his or her Compensation Deferral Agreement that establishes
an Account the Payment Schedule for such Account, including the year payments commence and the form of payment (lump sum or installments).
The Payment Schedule for the Retirement Account shall be established in a Participant’s first Compensation Deferral Agreement filed
after the Participant is notified of his or her initial eligibility to participate in the Plan, regardless of any allocation of Deferrals
to the Retirement Account.

 

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If a Compensation Deferral Agreement
does not allocate any portion of the Deferrals to an Account, Deferrals shall be allocated to the Retirement Account. If the Payment Schedule
for an Account is not designated, payment will be made upon the occurrence of the applicable payment event for such Account in a lump
sum.

 

		4.2	Timing Requirements for Compensation Deferral Agreements.

 

		(a)	First Year of Eligibility. In the case of the first year in which an Eligible Employee becomes eligible to participate in the
Plan, the Committee may permit him or her to submit a Compensation Deferral Agreement during the enrollment period established by the
Committee, which enrollment period shall not extend beyond the date which is 30 days after the effective date of eligibility under Section
3.1. The Compensation Deferral Agreement described in this paragraph becomes irrevocable 30 days after the effective date of the individual’s
eligibility to participate in the Plan.

 

A Compensation Deferral Agreement
filed under this paragraph applies to Compensation earned for pay periods beginning on and after the end of the enrollment period specified
by the Committee.

 

An Eligible Employee who Separates
from Service and who is subsequently rehired by an Employer in the same calendar year shall have any Compensation Deferral Agreement in
effect at the time of his or her Separation from Service reinstated for such year. An Eligible Employee who Separates from Service and
who subsequently resumes performing services for the Employer in a later calendar year may submit a new Compensation Deferral Agreement
under this paragraph if (i) he does not have an Account balance under the Plan and, at the time the last payment was made to him from
the Plan he was not eligible to continue to participate in the Plan or (ii) he has not been eligible to participate in the 24-month period
ending on the date he again became eligible to participate in the Plan.

 

		(b)	Prior Year Election. Except as otherwise provided in this Section 4.2, the Committee may permit an Eligible Employee to defer
Compensation for a year by filing a Compensation Deferral Agreement no later than December 31 of the year prior to the year in which the
Compensation to be deferred is earned. A Compensation Deferral Agreement filed under this paragraph shall become irrevocable with respect
to such Compensation as of January 1 of the year in which such Compensation is earned.

 

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		(c)	Performance-Based Compensation. The Committee may permit an Eligible Employee to defer Compensation which qualifies as Performance-Based
Compensation by filing a Compensation Deferral Agreement no later than the date that is six months before the end of the applicable performance
period, provided that:

 

		(i)	the Participant performs services continuously from the later of the beginning of the performance period or the date the performance
criteria are established through the date the Compensation Deferral Agreement is submitted; and

 

		(ii)	the Compensation is not readily ascertainable as of the date the Compensation Deferral Agreement is filed.

 

A Compensation Deferral Agreement
submitted in accordance with this paragraph becomes irrevocable with respect to Performance-Based Compensation as of the day immediately
following the latest date permitted under Section 409A for filing such election. Any election to defer Performance-Based Compensation
that is made in accordance with this paragraph and that becomes payable as a result of the Participant’s death or disability (as
defined in Treas. Reg. Section 1.409A-1(e)) or upon a Change in Control (as defined in Treas. Reg. Section 1.409A-3(i)(5)) prior to the
satisfaction of the performance criteria, will be void.

 

		(d)	Short-Term Deferrals. The Committee may permit Compensation that meets the definition of a “short-term deferral”
described in Treas. Reg. Section 1.409A-1(b)(4) to be deferred in accordance with the rules of Section 6.9, applied as if the date the
Substantial Risk of Forfeiture lapses is the date payments were originally scheduled to commence, provided, however, that the five year
minimum deferral period under Section 6.9(b) shall not apply to payments attributable to a Change in Control (as defined in Treas. Reg.
Section 1.409A-3(i)(5)). A Compensation Deferral Agreement submitted in accordance with this paragraph becomes irrevocable on the latest
date it could be submitted under Section 6.9.

 

		(e)	Certain Forfeitable Rights. With respect to a legally binding right to a payment in a subsequent year that is subject to a
forfeiture condition requiring the Participant’s continued services for a period of at least 12 months from the date the Participant
obtains the legally binding right, the Committee may permit an Eligible Employee to defer such Compensation by filing a Compensation Deferral
Agreement on or before the 30th day after the legally binding right to the Compensation accrues, provided that the Compensation
Deferral Agreement is submitted at least 12 months in advance of the earliest date on which the forfeiture condition could lapse. The
Compensation Deferral Agreement described in this paragraph becomes irrevocable after such 30th day. If the forfeiture condition
applicable to the payment lapses before the end of such 12-month period as a result of the Participant’s death or disability (as
defined in Treas. Reg. Section 1.409A-3(i)(4)) or upon a Change in Control (as defined in Treas. Reg. Section 1.409A-3(i)(5)), the Compensation
Deferral Agreement will be void unless it would be considered timely under another rule described in this Section.

 

		(f)	Sales Commissions. Sales commissions (as defined in Treas. Reg. Section 1.409A-2(a)(12)(i)) are considered to be earned by
the Participant in the taxable year of the Participant in which the sale occurs. The Compensation Deferral Agreement must be filed before the last day of the year preceding
the year in which the sales commissions are earned, and becomes irrevocable after that date.

 

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		(g)	Company Awards. Participating Employers may unilaterally provide for deferrals of Company awards (such as sign-on or retention
awards) provided the amount of the deferral and the Payment Schedule are established by the Employer on or before the date the Participant
has a legally binding right to such award.

 

		(h)	Automatic Renewals. The Committee may provide on a Compensation Deferral Agreement form that the deferral elections submitted
under Sections 4.2(b) and (c) will renew automatically for each successive Plan Year or performance period unless the Participant or the
Company revokes the election before the date such election becomes irrevocable.

 

		4.3	Minimum Deferral Periods for Specified Date Accounts. The Committee may establish any minimum deferral periods with respect
to any Specified Date Account established during an enrollment period. Allocations may be made to a Specified Date Account through the
end of the Plan Year immediately preceding the year payments commence from such Account.

 

		4.4	Deductions from Pay. The Committee has the authority to determine the payroll practices under which any component of Compensation
subject to a Compensation Deferral Agreement will be deducted from a Participant’s Compensation. To the extent the Committee allows
Deferrals from Compensation equal to corrective distributions received from a qualified 401(k) plan of the Employer, Deferrals equal to
the amount of the corrective distribution shall be deducted from the first payment of Compensation made on or after the date such corrective
distribution is issued to the Participant, and shall be deducted from subsequent Compensation payments only to the extent the first Compensation
payment is insufficient to fully fund the Deferral.

 

		4.5	Vesting. Participant Deferrals of cash Compensation shall be 100% vested at all times. Deferrals of equity-based awards shall
become vested in accordance with the provisions of the underlying award or as provided in Article V, as is applicable.

 

		4.6	Cancellation of Deferrals. The Committee may cancel a Participant’s Deferrals: (i) for the balance of the Plan Year in
which an Unforeseeable Emergency occurs, (ii) if the Participant receives a hardship distribution under the Employer’s qualified
401(k) plan, through the end of the Plan Year in which the six month anniversary of the hardship distribution falls, and (iii) during
periods in which the Participant is unable to perform the duties of his or her position or any substantially similar position due to a
mental or physical impairment that can be expected to result in death or last for a continuous period of at least six months, provided
cancellation occurs by the later of the end of the taxable year of the Participant or the 15th day of the third month following
the date the Participant incurs the disability (as defined in this paragraph (iii)).

 

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Article
V

Company Contributions

 

		5.1	Discretionary Company Contributions. Each Participating Employer may, from time to time in its sole and absolute discretion,
credit Company Contributions to any Participant in any amount determined by the Participating Employer. Such contributions will be credited
to a Participant’s Separation Account. Crediting a Company Contribution in one year shall not obligate the Participating Employer
to continue to make Company Contributions in subsequent years.

 

		5.2	Restoration Matching Contribution. During enrollment, the Company will communicate in writing to Eligible Employees whether
the Company will provide a Company Contribution in the form of a “restoration” matching contribution with respect to any portion
of Deferrals as determined by the Committee. The match formula is the same as the match formula under the Company’s 401(k) Plan.
A Participant is not required to make elective deferrals under the Company 401(k) Plan or to maximize deferrals or matching contributions
under the 401(k) Plan in order to receive a matching contribution under this Plan.

 

A Participant earns the matching
Company Contributions as of December 31 of the Plan Year with respect to Deferrals earned during the Plan Year, provided the Participant
is an Employee on such date. The matching Company Contribution amount will be determined and credited during the first calendar quarter
of the immediately following Plan Year or, if later, within 10 Business Days following the date annual bonuses are paid.

 

The Committee may modify the matching
contribution formula or suspend matching contributions on a prospective basis, but such modification or suspension shall not become effective
earlier than the first day of the next succeeding Plan Year.

 

		5.3	Vesting. Deferrals of Company awards and any other Compensation that is subject to performance or time-based vesting conditions
shall remain subject to such vesting conditions after such Deferrals are credited to the Plan.

 

Company Contributions described
in Sections 5.1 and the Earnings thereon, shall vest in accordance with the vesting schedule(s) communicated by the Participating Employer
at the time of grant. Matching Company Contributions described in Section 5.2 vest at the same rate as provided in the Company’s
401(k) plan.

 

Discretionary Company Contributions
also shall become 100% vested upon the first to occur of the following events while the Participant is an Employee: (i) the Participant’s
death (ii) the Participant’s disability or (iii) a Change in Control. The Participating Employer may, at any time, in its sole discretion,
increase a Participant’s vested interest in his or her Company Contributions.

 

The portion of a Participant’s
Accounts that remains unvested upon his or her Separation from Service after the application of this Section 5.3 shall be forfeited.

 

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Article
VI

Payments from Accounts

 

		6.1	Separation from Service. Upon Separation from Service, a Participant is entitled to receive his or her Retirement Account and
any Separation Account. The Compensation Deferral Agreement establishing the Retirement Account and each Separation Account shall specify
the year payments commence and the form of payment. Unless otherwise specified in such Compensation Deferral Agreement, payment will made
in the calendar year immediately following Separation from Service, on or before December 31 of such year. The form of payment will be
a lump sum unless the Participant elects in such Compensation Agreement to receive annual installments up to 15 years.

 

Accounts payable under this Section
6.1 will be valued as of the Valuation Date identified by the Plan Administrator in its sole discretion.

 

Specified Employees. No payment
may be made to a Specified Employee under this Section 6.1 earlier than six months following the Participant’s Separation from Service.

 

Payments under this Section 6.1
are subject to the provisions of Sections 6.3 through 6.7.

 

		6.2	Specified Date Accounts. Specified Date Account(s) will be paid or commence on or before December 31 of the calendar year designated
in the Participant’s Compensation Deferral Agreements that established such Account(s) (as modified in accordance with Section 6.9).
Optional forms of payment include a lump sum or annual installments up to five years.

 

Accounts payable under this Section
6.2 will be valued as of the Valuation Date identified by the Plan Administrator in its sole discretion.

 

Subject to the provisions of Sections
6.3 through 6.7 Specified Date Accounts pay as scheduled regardless of a Participant’s earlier Separation from Service.

 

		6.3	Death. Notwithstanding anything to the contrary in this Article VI, upon the death of the Participant, all remaining vested
Account Balances shall be paid to his or her Beneficiary in a single lump sum no later than December 31 of the calendar year following
the year of the Participant’s death.

 

		(a)	Designation of Beneficiary in General. The Participant shall designate a Beneficiary in the manner and on such terms and conditions
as the Committee may prescribe. No such designation shall become effective unless filed with the Committee during the Participant’s
lifetime. Any designation shall remain in effect until a new designation is filed with the Committee; provided, however, that in the event
a Participant designates his or her spouse as a Beneficiary, such designation shall be automatically revoked upon the dissolution of the
marriage unless, following such dissolution, the Participant submits a new designation naming the former spouse as a Beneficiary. A Participant
may from time to time change his or her designated Beneficiary without the consent of a previously-designated Beneficiary by filing a
new designation with the Committee.

 

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		(b)	No Beneficiary. If a designated Beneficiary does not survive the Participant, or if there is no valid Beneficiary designation,
amounts payable under the Plan upon the death of the Participant shall be paid to the Participant’s spouse, or if there is no surviving
spouse, then to the duly appointed and currently acting personal representative of the Participant’s estate.

 

		(c)	Valuation Date. Accounts payable under this Section 6.3 will be valued as of the Valuation Date identified by the Plan Administrator
in its sole discretion

 

		6.4	Change in Control. Notwithstanding anything to the contrary in this Article VI or in a Participant’s Compensation Deferral
Agreements, the Participant’s vested Plan Account Balance shall be distributed to the Participant in a single lump sum if the Participant
incurs a Separation from Service within 24 months following a Change in Control. Payment will be made in the calendar year immediately
following the year in which Separation from Service occurs in accordance with Section 6.1

 

A Participant who incurred a Separation
from Service prior to a Change in Control shall receive all remaining Account Balances in a single lump sum upon the Change in Control.

 

Accounts payable under this Section
6.4 will be valued as of the Valuation Date identified by the Plan Administrator in its sole discretion.

 

		6.5	Automatic Lump Sum. Notwithstanding any Compensation Deferral Agreement or any other provision of this Plan, a Participant’s
entire Plan Account will be paid in a single lump sum in the following instances:

 

		(a)	the Participant’s entire vested Plan Account Balance as of the last Valuation Date of the month in which Separation from Service
occurs does not exceed $100,000, in which case payment will be made the following month; or

 

		(b)	at any time and without regard to whether the Participant has incurred a Separation from Service, the Committee may direct a lump
sum payment if the entire Plan Account Balance and all aggregated accounts does not exceed the applicable dollar amount under Code Section
402(g)(1)(B).

 

Specified Employees. No
payment may be made to a Specified Employee under Section 6.5(a) earlier than six months following the Participant’s Separation
from Service.

 

		6.6	Acceleration of or Delay in Payments. Notwithstanding anything to the contrary in this Article VI, the Committee, in its sole
and absolute discretion, may elect to accelerate the time or form of payment of an Account, provided such acceleration is permitted under
Treas. Reg. Section 1.409A-3(j)(4). The Committee may also, in its sole and absolute discretion, delay the time for payment of an Account,
to the extent permitted under Treas. Reg. Section 1.409A-2(b)(7).

 

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		6.7	Unforeseeable Emergency. A Participant who experiences an Unforeseeable Emergency may submit a written request to the Committee
to receive payment of all or any portion of his or her vested Accounts. If the emergency need cannot be relieved by cessation of Deferrals
to the Plan, the Committee may approve an emergency payment therefrom not to exceed the amount reasonably necessary to satisfy the need,
taking into account the additional compensation that is available to the Participant as the result of cancellation of deferrals to the
Plan, including amounts necessary to pay any taxes or penalties that the Participant reasonably anticipates will result from the payment.
The amount of the emergency payment shall be subtracted first from the Participant’s Specified Date Accounts beginning with the
Account with the earliest payment commencement date and then from the Separation Accounts and Retirement Account beginning with the Account
with the shortest payment schedule measured from the Participant’s Separation from Service. Emergency payments shall be paid in
a single lump sum within the 90-day period following the date the payment is approved by the Committee.

 

		6.8	Rules Applicable to Installment Payments. If a Payment Schedule specifies installment payments, annual payments will begin
as of the payment commencement date or year for the applicable Account and shall continue to be made in each subsequent calendar year
until the number of installment payments specified in the Payment Schedule has been paid. The amount of each installment payment shall
be determined by dividing (a) by (b), where (a) equals the Account Balance as of the last Valuation Date in the month preceding the month
of payment and (b) equals the remaining number of installment payments. If an Account is payable in installments, the Account will continue
to be credited with Earnings in accordance with Article VI hereof until the Account is completely distributed.

 

		6.9	Modifications to Payment Schedules. A Participant may separately (i) modify the Payment Schedule applicable upon Separation
from Service with respect to the Retirement Account and any Separation Account described in Sections 6.1, (ii) modify the Payment Schedule
applicable to a Specified Date Account under Section 6.2 or (iii) make an election under Sections 4.2(d) consistent with the permissible
Payment Schedules available under the Plan, provided that any such modification complies with the requirements of this Section 6.9.

 

		(a)	Time of Election. The date on which a modification election is submitted to the Committee must be at least 12 months prior
to the date on which payment is scheduled to commence under the Payment Schedule in effect prior to the modification.

 

		(b)	Date of Payment under Modified Payment Schedule. The date payments are to commence under the modified Payment Schedule must
be no earlier than five years after the date payment would have commenced under the original Payment Schedule. Under no circumstances
may a modification election result in an acceleration of payments in violation of Code Section 409A. If the Participant modifies only
the form, and not the date for payment, payments shall be delayed by five years after the date they
would have otherwise been made prior to modification.

 

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		(c)	Effective Date. A modification election submitted in accordance with this Section 6.9 is irrevocable 12 months after the date
it is received by the Committee.

 

		(e)	Effect on Accounts. An election to modify a Payment Schedule is specific to the Account and the payment event to which it applies,
and shall not be construed to affect the Payment Schedules of any other Accounts or payment events.

 

		(f)	Installments. For purposes of this Section 6.9, installment payments will be treated as a single form of payment.

 

		6.10	Cash Payment. All payments from the Plan shall be in the form of cash.

 

Article VII

Valuation of Account Balances; Investments

 

		7.1	Valuation. Subject to Section 4.4, Deferrals shall be credited to appropriate Accounts as of the first Business Day following
the date such Compensation would have been paid to the Participant absent the Compensation Deferral Agreement. Company Contributions shall
be credited to the Separation Account at the times determined by the Committee. Valuation of Accounts shall be performed under procedures
approved by the Committee.

 

		7.2	Earnings Credit. Each Account will be credited with Earnings on each Business Day, based upon the Participant’s investment
allocation among a menu of investment options selected in advance by the Committee, in accordance with the provisions of this Article
VII (“investment allocation”).

 

		7.3	Investment Options. Investment options will be determined by the Committee. The Committee, in its sole discretion, shall be
permitted to add or remove investment options from the Plan menu from time to time, provided that any such additions or removals of investment
options shall not be effective with respect to any period prior to the effective date of such change.

 

		7.4	Investment Allocations. A Participant’s investment allocation constitutes a deemed, not actual, investment among the
investment options comprising the investment menu. At no time shall a Participant have any real or beneficial ownership in any investment
option included in the investment menu, nor shall the Participating Employer or any trustee acting on its behalf have any obligation to
purchase actual securities as a result of a Participant’s investment allocation. A Participant’s investment allocation shall
be used solely for purposes of adjusting the value of a Participant’s Account Balances.

 

A Participant shall specify an investment
allocation for each of his Accounts in accordance with procedures established by the Committee. Allocation among the investment options
must be designated in increments of 1%. The Participant’s investment allocation will become effective
on the same Business Day or, in the case of investment allocations received after a time specified by the Committee, the next Business
Day.

 

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A Participant may change an investment
allocation on any Business Day, both with respect to future credits to the Plan and with respect to existing Account Balances, in accordance
with procedures adopted by the Committee. Changes shall become effective on the same Business Day or, in the case of investment allocations
received after a time specified by the Committee, the next Business Day, and shall be applied prospectively.

 

		7.5	Unallocated Deferrals and Accounts. If the Participant fails to make an investment allocation, such Account shall be invested
in an investment option, the primary objective of which is the preservation of capital, as determined by the Committee.

 

Article VIII

Administration

 

		8.1	Plan Administration. This Plan shall be administered by the Committee which shall have discretionary authority to make, amend,
interpret and enforce all appropriate rules and regulations for the administration of this Plan and to utilize its discretion to decide
or resolve any and all questions, including but not limited to eligibility for benefits and interpretations of this Plan and its terms,
as may arise in connection with the Plan. Claims for benefits shall be filed with the Committee and resolved in accordance with the claims
procedures in Article XI.

 

		8.2	Administration Upon Change in Control. Upon a Change in Control, the Committee, as constituted immediately prior to such Change
in Control, shall continue to act as the Committee. The individual who was the Chief Executive Officer of the Company (or if such person
is unable or unwilling to act, the next highest ranking officer) prior to the Change in Control shall have the authority (but shall not
be obligated) to appoint an independent third party to act as the Committee.

 

Upon such Change in Control, the
Company may not remove the Committee, unless 2/3rds of the members of the Board of Directors of the Company and a majority of Participants
and Beneficiaries with Account Balances consent to the removal and replacement of the Committee. Notwithstanding the foregoing, neither
the Committee nor the officer described above shall have authority to direct investment of trust assets under any rabbi trust described
in Section 10.2.

 

The Participating Employer shall,
with respect to the Committee identified under this Section: (i) pay all reasonable expenses and fees of the Committee, (ii) indemnify
the Committee (including individuals serving as Committee members) against any costs, expenses and liabilities including, without limitation,
attorneys’ fees and expenses arising in connection with the performance of the Committee’s duties hereunder, except with respect
to matters resulting from the Committee’s gross negligence or willful misconduct, and (iii) supply full and timely information to
the Committee on all matters related to the Plan, any rabbi trust, Participants,
Beneficiaries and Accounts as the Committee may reasonably require.

 

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		8.3	Withholdings. The Participating Employer shall have the right to withhold from any payment due under the Plan (or with respect
to any amounts credited to the Plan) any taxes required by law to be withheld in respect of such payment (or credit). Withholdings with
respect to amounts credited to the Plan shall be deducted from Compensation that has not been deferred to the Plan.

 

		8.4	Indemnification. The Participating Employers shall indemnify and hold harmless each employee, officer, director, agent or organization,
to whom or to which are delegated duties, responsibilities, and authority under the Plan or otherwise with respect to administration of
the Plan, including, without limitation, the Committee and its agents, against all claims, liabilities, fines and penalties, and all expenses
reasonably incurred by or imposed upon him or it (including but not limited to reasonable attorney fees) which arise as a result of his
or its actions or failure to act in connection with the operation and administration of the Plan to the extent lawfully allowable and
to the extent that such claim, liability, fine, penalty, or expense is not paid for by liability insurance purchased or paid for by the
Participating Employer. Notwithstanding the foregoing, the Participating Employer shall not indemnify any person or organization if his
or its actions or failure to act are due to gross negligence or willful misconduct or for any such amount incurred through any settlement
or compromise of any action unless the Participating Employer consents in writing to such settlement or compromise.

 

		8.5	Delegation of Authority. In the administration of this Plan, the Committee may, from time to time, employ agents and delegate
to them such administrative duties as it sees fit, and may from time to time consult with legal counsel who shall be legal counsel to
the Company.

 

		8.6	Binding Decisions or Actions. The decision or action of the Committee in respect of any question arising out of or in connection
with the administration, interpretation and application of the Plan and the rules and regulations thereunder shall be final and conclusive
and binding upon all persons having any interest in the Plan.

 

Article
IX

Amendment and Termination

 

		9.1	Amendment and Termination. The Company may at any time and from time to time amend the Plan or may terminate the Plan as provided
in this Article IX. Each Participating Employer may also terminate its participation in the Plan.

 

		9.2	Amendments. The Company, by action taken by its Board of Directors, may amend the Plan at any time and for any reason, provided
that any such amendment shall not reduce the vested Account Balances of any Participant accrued as of the date of any such amendment or
restatement (as if the Participant had incurred a voluntary Separation from Service on such date). The Board of Directors of the Company
may delegate to the Committee the authority to amend the Plan without the consent of the Board of Directors for the purpose of: (i) conforming the Plan to
the requirements of law; (ii) facilitating the administration of the Plan; (iii) clarifying provisions based on the Committee’s
interpretation of the document; and (iv) making such other amendments as the Board of Directors may authorize. No amendment is needed
to revise the list of Participating Employers set forth on Schedule A attached hereto.

 

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		9.3	Termination. The Company, by action taken by its Board of Directors, may terminate the Plan and pay Participants and Beneficiaries
their Account Balances in a single lump sum at any time, to the extent and in accordance with Treas. Reg. Section 1.409A-3(j)(4)(ix).
If a Participating Employer terminates its participation in the Plan, the benefits of affected Employees shall be paid at the time provided
in Article VI.

 

		9.4	Accounts Taxable Under Code Section 409A. The Plan is intended to constitute a plan of deferred compensation that meets the
requirements for deferral of income taxation under Code Section 409A. The Committee, pursuant to its authority to interpret the Plan,
may sever from the Plan or any Compensation Deferral Agreement any provision or exercise of a right that otherwise would result in a violation
of Code Section 409A.

 

Article
X

Informal Funding

 

		10.1	General Assets. Obligations established under the terms of the Plan may be satisfied from the general funds of the Participating
Employers, or a trust described in this Article X. No Participant, spouse or Beneficiary shall have any right, title or interest whatever
in assets of the Participating Employers. Nothing contained in this Plan, and no action taken pursuant to its provisions, shall create
or be construed to create a trust of any kind, or a fiduciary relationship, between the Participating Employers and any Employee, spouse,
or Beneficiary. To the extent that any person acquires a right to receive payments hereunder, such rights are no greater than the right
of an unsecured general creditor of the Participating Employer.

 

		10.2	Rabbi Trust. A Participating Employer may, in its sole discretion, establish a grantor trust, commonly known as a rabbi trust,
as a vehicle for accumulating assets to pay benefits under the Plan. Payments under the Plan may be paid from the general assets of the
Participating Employer or from the assets of any such rabbi trust. Payment from any such source shall reduce the obligation owed to the
Participant or Beneficiary under the Plan.

 

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Article
XI 

Claims

 

		11.1	Filing a Claim. Any controversy or claim arising out of or relating to the Plan shall be filed in writing with the Committee
which shall make all determinations concerning such claim. Any claim filed with the Committee and any decision by the Committee denying
such claim shall be in writing and shall be delivered to the Participant or Beneficiary filing the claim (the “Claimant”).
Notice of a claim for payments shall be delivered to the Committee within 90 days of the latest date upon which the payment could have
been timely made in accordance with the terms of the Plan and Code Section 409A, and if not paid, the Participant or Beneficiary must
file a claim under this Article XI not later than 180 days after such latest date. If the Participant or Beneficiary fails to file a timely
claim, the Participant forfeits any amounts to which he or she may have been entitled to receive under the claim.

 

		(a)	In General. Notice of a denial of benefits (other than claims based on Disability) will be provided within 90 days of the Committee’s
receipt of the Claimant’s claim for benefits. If the Committee determines that it needs additional time to review the claim, the
Committee will provide the Claimant with a notice of the extension before the end of the initial 90-day period. The extension will not
be more than 90 days from the end of the initial 90-day period and the notice of extension will explain the special circumstances that
require the extension and the date by which the Committee expects to make a decision.

 

		(b)	Disability Benefits. Notice of denial of claims based on Disability will be provided within forty-five (45) days of the Committee’s
receipt of the Claimant’s claim for Disability benefits. If the Committee determines that it needs additional time to review the
Disability claim, the Committee will provide the Claimant with a notice of the extension before the end of the initial 45-day period.
If the Committee determines that a decision cannot be made within the first extension period due to matters beyond the control of the
Committee, the time period for making a determination may be further extended for an additional 30 days. If such an additional extension
is necessary, the Committee shall notify the Claimant prior to the expiration of the initial 30-day extension. Any notice of extension
shall indicate the circumstances necessitating the extension of time, the date by which the Committee expects to furnish a notice of decision,
the specific standards on which such entitlement to a benefit is based, the unresolved issues that prevent a decision on the claim and
any additional information needed to resolve those issues. A Claimant will be provided a minimum of 45 days to submit any necessary additional
information to the Committee. In the event that a 30-day extension is necessary due to a Claimant’s failure to submit information
necessary to decide a claim, the period for furnishing a notice of decision shall be tolled from the date on which the notice of the extension
is sent to the Claimant until the earlier of the date the Claimant responds to the request for additional information or the response
deadline.

 

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		(c)	Contents of Notice. If a claim for benefits is completely or partially denied, notice of such denial shall be in writing. Any
electronic notification shall comply with the standards imposed by Department of Labor Regulation 29 CFR 2520.104b-1(c)(1)(i), (iii),
and (iv). The notice of denial shall set forth the specific reasons for denial in plain language. The notice shall: (i) cite the pertinent
provisions of the Plan document, and (ii) explain, where appropriate, how the Claimant can perfect the claim, including a description
of any additional material or information necessary to complete the claim and why such material or information is necessary. The claim
denial also shall include an explanation of the claims review procedures and the time limits applicable to such procedures, including
the right to appeal the decision, the deadline by which such appeal must be filed and a statement of the Claimant’s right to bring
a civil action under Section 502(a) of ERISA following an adverse decision on appeal and the specific date by which such a civil action
must commence under Section 11.4.

 

In the case of a complete or partial
denial of a Disability benefit claim, the notice shall provide:

 

(A) a discussion of the decision,
including an explanation of the basis for disagreeing with or not following (1) the views presented by the Claimant to the plan of health
care professionals treating the Claimant and vocational professionals who evaluated the Claimant; (2) the views of medical or vocational
experts whose advice was obtained on behalf of the Plan in connection with a Claimant’s adverse benefit determination, without regard
to whether the advice was relied upon in making the benefit determination; and (3) a disability determination regarding the Claimant presented
by the Claimant to the Plan made by the Social Security Administration;

 

(B) If the adverse benefit determination
is based on a medical necessity or experimental treatment or similar exclusion or limit, the notice must contain either an explanation
of the scientific or clinical judgment for the determination, applying the terms of the Plan to the Claimant’s medical circumstances,
or a statement that such explanation will be provided free of charge upon request;

 

(C) Either the specific internal rules,
guidelines, protocols, standards or other similar criteria of the Plan relied upon in making the adverse determination or, alternatively,
a statement that such rules, guidelines, protocols, standards or other similar criteria of the Plan do not exist; and

 

(D) A statement that the Claimant
is entitled to receive, upon request and free of charge, reasonable access to, and copies of, all documents, records, and other information
relevant to the Claimant’s claim for benefits.

 

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In the case of an adverse benefit
determination with respect to disability benefits, the notification shall be provided in a culturally and linguistically appropriate manner.

 

		11.2	Appeal of Denied Claims. A Claimant whose claim has been completely or partially denied shall be entitled to appeal the claim
denial by filing a written appeal with a committee designated to hear such appeals (the “Appeals Committee”). A Claimant who
timely requests a review of the denied claim (or his or her authorized representative) may review, upon request and free of charge, copies
of all documents, records and other information relevant to the denial and may submit written comments, documents, records and other information
relating to the claim to the Appeals Committee. All written comments, documents, records, and other information shall be considered “relevant”
if the information: (i) was relied upon in making a benefits determination, (ii) was submitted, considered or generated in the course
of making a benefits decision regardless of whether it was relied upon to make the decision, or (iii) demonstrates compliance with administrative
processes and safeguards established for making benefit decisions. The review shall take into account all comments, documents, records,
and other information submitted by the Claimant relating to the claim, without regard to whether such information was submitted or considered
in the initial benefit determination. The Appeals Committee may, in its sole discretion and if it deems appropriate or necessary, decide
to hold a hearing with respect to the claim appeal.

 

		(a)	In General. Appeal of a denied benefits claim (other than a Disability benefits claim) must be filed in writing with the Appeals
Committee no later than 60 days after receipt of the written notification of such claim denial. The Appeals Committee shall make its decision
regarding the merits of the denied claim within 60 days following receipt of the appeal (or within 120 days after such receipt, in a case
where there are special circumstances requiring extension of time for reviewing the appealed claim). If an extension of time for reviewing
the appeal is required because of special circumstances, written notice of the extension shall be furnished to the Claimant prior to the
commencement of the extension. The notice will indicate the special circumstances requiring the extension of time and the date by which
the Appeals Committee expects to render the determination on review. The review will take into account comments, documents, records and
other information submitted by the Claimant relating to the claim without regard to whether such information was submitted or considered
in the initial benefit determination.

 

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		(b)	Disability Benefits. Appeal of a denied Disability benefits claim must be filed in writing with the Appeals Committee no
                                                               later than 180 days after receipt of the written notification of such claim denial. The review shall be conducted by the Appeals
                                                               Committee (exclusive of the person who made the initial adverse decision or such person’s subordinate). In reviewing the
                                                               appeal, the Appeals Committee shall: (i) not afford deference
to the initial denial of the claim, (ii) consult a medical professional who has appropriate training and experience in the field of medicine
relating to the Claimant’s disability and who was neither consulted as part of the initial denial nor is the subordinate of such
individual, and (iii) identify the medical or vocational experts whose advice was obtained with respect to the initial benefit denial,
without regard to whether the advice was relied upon in making the decision, (iv) before the Plan can issue an adverse benefit determination
on review on a disability benefit claim, the Appeals Committee shall provide the Claimant, free of charge, with any new or additional
evidence considered, relied upon, or generated by the Plan, insurer, or other person making the benefit determination (or at the direction
of the Plan, insurer or such other person) in connection with the claim, such evidence to be provided as soon as possible and sufficiently
in advance of the date set forth below by which an adverse benefit determination is required to be provided in order to give the Claimant
a reasonable opportunity to respond prior to that date, and (v) before the Plan can issue an adverse benefit determination on review on
a disability benefit claim based on a new or additional rationale, the Appeals Committee shall provide the Claimant with the rationale
as soon as possible, free of charge, and sufficiently in advance of the date set forth below by which an adverse benefit determination
is required to be provided in order to give the Claimant a reasonable opportunity to respond prior to that date.

 

The Appeals Committee shall make its
decision regarding the merits of the denied claim within 45 days following receipt of the appeal (or within 90 days after such receipt,
in a case where there are special circumstances requiring extension of time for reviewing the appealed claim). If an extension of time
for reviewing the appeal is required because of special circumstances, written notice of the extension shall be furnished to the Claimant
prior to the commencement of the extension. The notice will indicate the special circumstances requiring the extension of time and the
date by which the Appeals Committee expects to render the determination on review. Following its review of any additional information
submitted by the Claimant, the Appeals Committee shall render a decision on its review of the denied claim.

 

		(c)	Contents of Notice. If a benefits claim is completely or partially denied on review, notice of such denial shall be in writing.
Any electronic notification shall comply with the standards imposed by Department of Labor Regulation 29 CFR 2520.104b-1(c)(1)(i), (iii),
and (iv). Such notice shall set forth the reasons for denial in plain language.

 

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The decision on review shall set
forth: (i) the specific reason or reasons for the denial, (ii) specific references to the pertinent Plan provisions on which the
denial is based, (iii) a statement that the Claimant is entitled to receive, upon request and free of charge, reasonable access to
and copies of all documents, records, or other information relevant (as defined above) to the Claimant’s claim, and (iv) a
statement of the Claimant’s right to bring an action under Section 502(a) of ERISA, following an adverse decision on review
and the specific date by which such a civil action must commence under Section 11.4.

 

For the denial of a Disability benefit,
the notice will also include:

 

(A) a discussion of the decision,
including an explanation of the basis for disagreeing with or not following (1) the views presented by the Claimant to the Plan of health
care professionals treating the Claimant and vocational professionals who evaluated the Claimant (2) the views of medical or vocational
experts whose advice was obtained on behalf of the Plan in connection with a Claimant’s adverse benefit determination, without regard
to whether the advice was relied upon in making the benefit determination; and (3) disability determination regarding the Claimant presented
by the Claimant to the Plan made by the Social Security Administration;

 

(B) If the adverse benefit determination
is based on a medical necessity or experimental treatment or similar exclusion or limit, either an explanation of the scientific or clinical
judgment for the determination, applying the terms of the Plan to the Claimant’s medical circumstances, or a statement that such
explanation will be provided free of change upon request; and

 

(C) Either the specific internal rules,
guidelines, protocols, standards or other similar criteria of the Plan relied upon in making the adverse determination or, alternatively,
a statement that such rules, guidelines, protocols, standards or other similar criteria of the Plan do not exist.

 

In the case of an adverse benefit
determination on review with respect to a claim for disability benefits, the notification shall be provided in a culturally and linguistically
appropriate manner.

 

		11.3	Claims Appeals Upon Change in Control. Upon a Change in Control, the Appeals Committee, as constituted immediately prior to
such Change in Control, shall continue to act as the Appeals Committee. The Company may not remove any member of the Appeals Committee,
but may replace resigning members if 2/3rds of the members of the Board of Directors of the Company and a majority of Participants and
Beneficiaries with Account Balances consent to the replacement.

 

The Appeals Committee shall have
the exclusive authority at the appeals stage to interpret the terms of the Plan and resolve appeals under the Claims Procedure.

 

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Each Participating Employer shall,
with respect to the Committee identified under this Section: (i) pay its proportionate share of all reasonable expenses and fees of the
Appeals Committee, (ii) indemnify the Appeals Committee (including individual committee members) against any costs, expenses and liabilities
including, without limitation, attorneys’ fees and expenses arising in connection with the performance of the Appeals Committee
hereunder, except with respect to matters resulting from the Appeals Committee’s gross negligence or willful misconduct, and (iii)
supply full and timely information to the Appeals Committee on all matters related to the Plan, any rabbi trust, Participants, Beneficiaries
and Accounts as the Appeals Committee may reasonably require.

 

		11.4	Legal Action. A Claimant may not bring any legal action, including commencement of any arbitration, relating to a claim for
benefits under the Plan unless and until the Claimant has followed the claims procedures under the Plan and exhausted his or administrative
remedies under Sections 11.1 and 11.2. No such legal action may be brought more than twelve (12) months following the notice of denial
of benefits under Section 11.2, or if no appeal is filed by the applicable appeals deadline, twelve (12) months following the appeals
deadline.

 

If a Participant or Beneficiary
prevails in a legal proceeding brought under the Plan to enforce the rights of such Participant or any other similarly situated Participant
or Beneficiary, in whole or in part, the Participating Employer shall reimburse such Participant or Beneficiary for all legal costs, expenses,
attorneys’ fees and such other liabilities incurred as a result of such proceedings. If the legal proceeding is brought in connection
with a Change in Control, or a “change in control” as defined in a rabbi trust described in Section 10.2, the Participant
or Beneficiary may file a claim directly with the trustee for reimbursement of such costs, expenses and fees. For purposes of the preceding
sentence, the amount of the claim shall be treated as if it were an addition to the Participant’s or Beneficiary’s Account
Balance and will be included in determining the Participating Employer’s trust funding obligation under Section 10.2.

 

		11.5	Discretion of Appeals Committee. All interpretations, determinations and decisions of the Appeals Committee with respect to
any claim shall be made in its sole discretion, and shall be final and conclusive.

 

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		11.6	Arbitration.

 

		(a)	Prior to Change in Control. If, prior to a Change in Control, any claim or controversy between a Participating Employer and
a Participant or Beneficiary is not resolved through the claims procedure set forth in Article XI, such claim shall be submitted to and
resolved exclusively by expedited binding arbitration by a single arbitrator. Arbitration shall be conducted in accordance with the following
procedures:

 

The complaining party shall promptly
send written notice to the other party identifying the matter in dispute and the proposed remedy. Following the giving of such notice,
the parties shall meet and attempt in good faith to resolve the matter. In the event the parties are unable to resolve the matter within
21 days, the parties shall meet and attempt in good faith to select a single arbitrator acceptable to both parties. If a single arbitrator
is not selected by mutual consent within ten Business Days following the giving of the written notice of dispute, an arbitrator shall
be selected from a list of nine persons each of whom shall be an attorney who is either engaged in the active practice of law or recognized
arbitrator and who, in either event, is experienced in serving as an arbitrator in disputes between employers and employees, which list
shall be provided by the main office of either JAMS, the American Arbitration Association (“AAA”) or the Federal Mediation
and Conciliation Service. If, within three Business Days of the parties’ receipt of such list, the parties are unable to agree on
an arbitrator from the list, then the parties shall each strike names alternatively from the list, with the first to strike being determined
by the flip of a coin. After each party has had four strikes, the remaining name on the list shall be the arbitrator. If such person is
unable to serve for any reason, the parties shall repeat this process until an arbitrator is selected.

 

Unless the parties agree otherwise,
within 60 days of the selection of the arbitrator, a hearing shall be conducted before such arbitrator at a time and a place agreed upon
by the parties. In the event the parties are unable to agree upon the time or place of the arbitration, the time and place shall be designated
by the arbitrator after consultation with the parties. Within 30 days of the conclusion of the arbitration hearing, the arbitrator shall
issue an award, accompanied by a written decision explaining the basis for the arbitrator’s award.

 

In any arbitration hereunder,
the Participating Employer shall pay all administrative fees of the arbitration and all fees of the arbitrator, except that the
Participant or Beneficiary may, if he/she/it wishes, pay up to one-half of those amounts. Each party shall pay its own
attorneys’ fees, costs, and expenses, unless the arbitrator orders otherwise. The prevailing party in such arbitration, as
determined by the arbitrator, and in any enforcement or other court proceedings, shall be entitled, to the extent permitted by law,
to reimbursement from the other party for all of the prevailing party’s costs (including but not limited to the
arbitrator’s compensation), expenses, and attorneys’ fees. The arbitrator shall have no authority to add to or to modify
this Plan, shall apply all applicable law, and shall have no lesser and no greater remedial authority than would a court of law
resolving the same claim or controversy. The arbitrator shall have no authority to add to or to modify this Plan, shall apply all
applicable law, and shall have no lesser and no greater remedial authority than would a court of law resolving the same claim or
controversy. The arbitrator shall, upon an appropriate motion, dismiss any claim without an evidentiary hearing if the party
bringing the motion establishes that it would be entitled to summary judgment if the matter had been pursued in court
litigation.

 

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The parties shall be entitled to discovery
as follows: Each party may take no more than three depositions. The Participating Employer may depose the Participant or Beneficiary plus
two other witnesses, and the Participant or Beneficiary may depose the Participating Employer, pursuant to Rule 30(b)(6) of the Federal
Rules of Civil Procedure, plus two other witnesses. Each party may make such reasonable document discovery requests as are allowed in
the discretion of the arbitrator.

 

The decision of the arbitrator shall
be final, binding, and non-appealable, and may be enforced as a final judgment in any court of competent jurisdiction.

 

This arbitration provision of the
Plan shall extend to claims against any parent, subsidiary, or affiliate of each party, and, when acting within such capacity, any officer,
director, shareholder, Participant, Beneficiary, or agent of any party, or of any of the above, and shall apply as well to claims arising
out of state and federal statutes and local ordinances as well as to claims arising under the common law or under this Plan.

 

Notwithstanding the foregoing, and
unless otherwise agreed between the parties, either party may apply to a court for provisional relief, including a temporary restraining
order or preliminary injunction, on the ground that the arbitration award to which the applicant may be entitled may be rendered ineffectual
without provisional relief.

 

Any arbitration hereunder shall be
conducted in accordance with the Federal Arbitration Act: provided, however, that, in the event of any inconsistency between the rules
and procedures of the Act and the terms of this Plan, the terms of this Plan shall prevail.

 

If any of the provisions of this Section
11.6(a) are determined to be unlawful or otherwise unenforceable, in the whole part, such determination shall not affect the validity
of the remainder of this section and this section shall be reformed to the extent necessary to carry out its provisions to the greatest
extent possible and to insure that the resolution of all conflicts between the parties, including those arising out of statutory claims,
shall be resolved by neutral, binding arbitration. If a court should find that the provisions of this Section 11.6(a) are not absolutely
binding, then the parties intend any arbitration decision and award to be fully admissible in evidence in any subsequent
action, given great weight by any finder of fact and treated as determinative to the maximum extent permitted by law.

 

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The parties do not agree to arbitrate
any putative class action or any other representative action. The parties agree to arbitrate only the claims(s) of a single Participant
or Beneficiary.

 

		(b)	Upon Change in Control. Upon a Change in Control, Section 11.6(a) shall not apply and any legal action initiated by a Participant
or Beneficiary to enforce his or her rights under the Plan may be brought in any court of competent jurisdiction. Notwithstanding the
Appeals Committee’s discretion under Sections 11.3 and 11.5, the court shall apply a de novo standard of review to any prior claims
decision under Sections 11.1 through 11.3 or any other determination made by the Company, its Board of Directors, a Participating Employer,
the Committee, or the Appeals Committee.

 

Article
XII

General Provisions

 

		12.1	Assignment. No interest of any Participant, spouse or Beneficiary under this Plan and no benefit payable hereunder shall be
assigned as security for a loan, and any such purported assignment shall be null, void and of no effect, nor shall any such interest or
any such benefit be subject in any manner, either voluntarily or involuntarily, to anticipation, sale, transfer, assignment or encumbrance
by or through any Participant, spouse or Beneficiary. Notwithstanding anything to the contrary herein, however, the Committee has the
discretion to make payments to an alternate payee in accordance with the terms of a domestic relations order (as defined in Code Section
414(p)(1)(B)).

 

The Company may assign any or all
of its liabilities under this Plan in connection with any restructuring, recapitalization, sale of assets or other similar transactions
affecting a Participating Employer without the consent of the Participant.

 

		12.2	No Legal or Equitable Rights or Interest. No Participant or other person shall have any legal or equitable rights or interest
in this Plan that are not expressly granted in this Plan. Participation in this Plan does not give any person any right to be retained
in the service of the Participating Employer. The right and power of a Participating Employer to dismiss or discharge an Employee is expressly
reserved. The Participating Employers make no representations or warranties as to the tax consequences to a Participant or a Participant’s
beneficiaries resulting from a deferral of income pursuant to the Plan.

 

		12.3	No Employment Contract. Nothing contained herein shall be construed to constitute a contract of employment between an Employee
and a Participating Employer.

 

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	 	12.4	Notice. Any notice or filing required or permitted to be delivered to the Committee under this Plan shall be delivered in writing,
in person, or through such electronic means as is established by the Committee. Notice shall be deemed given as of the date of delivery
or, if delivery is made by mail, as of the date shown on the postmark on the receipt for registration or certification. Written transmission
shall be sent by certified mail to:

 

MATTRESS FIRM, INC

ATTN: HUMAN RESOURCES

10201 SOUTH MAIN STREET

HOUSTON, TX 77025

 

Any notice or filing required or
permitted to be given to a Participant under this Plan shall be sufficient if in writing or hand-delivered, or sent by mail to the last
known address of the Participant.

 

		12.5	Headings. The headings of Sections are included solely for convenience of reference, and if there is any conflict between such
headings and the text of this Plan, the text shall control.

 

		12.6	Invalid or Unenforceable Provisions. If any provision of this Plan shall be held invalid or unenforceable, such invalidity
or unenforceability shall not affect any other provisions hereof and the Committee may elect in its sole discretion to construe such invalid
or unenforceable provisions in a manner that conforms to applicable law or as if such provisions, to the extent invalid or unenforceable,
had not been included.

 

		12.7	Lost Participants or Beneficiaries. Any Participant or Beneficiary who is entitled to a benefit from the Plan has the duty
to keep the Committee advised of his or her current mailing address. If benefit payments are returned to the Plan or are not presented
for payment after a reasonable amount of time, the Committee shall presume that the payee is missing. The Committee, after making such
efforts as in its discretion it deems reasonable and appropriate to locate the payee, shall stop payment on any uncashed checks and may
discontinue making future payments until contact with the payee is restored.

 

		12.8	Facility of Payment to a Minor. If a distribution is to be made to a minor, or to a person who is otherwise incompetent, then
the Committee may, in its discretion, make such distribution: (i) to the legal guardian, or if none, to a parent of a minor payee with
whom the payee maintains his or her residence, or (ii) to the conservator or committee or, if none, to the person having custody of an
incompetent payee. Any such distribution shall fully discharge the Committee, the Company, and the Plan from further liability on account
thereof.

 

		12.9	Governing Law. To the extent not preempted by ERISA, the laws of the State of Maryland shall govern the construction and administration
of the Plan.

 

Signature Lines on
Following Page

 

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IN WITNESS WHEREOF, the undersigned executed this Plan as of the
5th day of December, 2017, to be effective as of the Effective Date.

 

	MATTRESS FIRM, INC.
	 	 	 
	By:	Matt Anderson	(Print Name)
	 	 	 
	Its:	VP of Total Rewards	(Title)

 

	/s/ Matt Anderson	(Signature)
	 	 

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The Executive Nonqualified Excess Plan of
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SCHEDULE A

 

PARTICIPATING EMPLOYERS

 

		1.	Mattress Firm, Inc.

 

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Inc. All Rights Reserved.

 

    Page 31 of 31Exhibit 10.20

 

MATTRESS FIRM GROUP INC. 

2022 OMNIBUS INCENTIVE PLAN

 

1.            Purpose. The
purpose of the Mattress Firm Group Inc. 2022 Omnibus Incentive Plan is to provide a means through which the Company and the other
members of the Company Group may attract and retain key personnel and to provide a means whereby directors, officers, employees,
consultants and advisors of the Company and the other members of the Company Group can acquire and maintain an equity interest in
the Company, or be paid incentive compensation measured by reference to the value of Common Stock, thereby strengthening their
commitment to the welfare of the Company Group and aligning their interests with those of the Company’s
stockholders.

 

		2.	Definitions. The following definitions shall be applicable
throughout the Plan.

 

(a)            “Adjustment
Event” has the meaning given to such term in Section 11(a) of the Plan.

 

(b)            “Affiliate”
means any Person that directly or indirectly controls, is controlled by or is under common control with the Company. The term
 “control” (including, with correlative meaning, the terms “ controlled by” and “under common control
with”), as applied to any Person, means the possession, directly or indirectly, of the power to direct or cause the direction
of the management and policies of such Person, whether through the ownership of voting or other securities, by contract or
otherwise.

 

(c)            “Applicable
Law” means each applicable law, rule, regulation and requirement, including, but not limited to, each applicable U.S. federal,
state or local law, any rule or regulation of the applicable securities exchange or inter-dealer quotation system on which the securities
of the Company may be listed or quoted and each applicable law, rule or regulation of any other country or jurisdiction where Awards
are granted under the Plan or Participants reside or provide services, as each such law, rule and regulation shall be in effect from
time to time.

 

(d)            
 “Award” means, individually or collectively, any Incentive Stock Option, Nonqualified Stock Option, Stock
Appreciation Right, Restricted Stock, Restricted Stock Unit, Other Equity-Based Award and Cash-Based Incentive Award granted under
the Plan.

 

(e)             “Award
Agreement” means the document or documents by which each Award (other than a Cash-Based Incentive Award) is evidenced,
which may be in written or electronic form.

 

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

 

(g)            “Cash-Based
Incentive Award” means an Award, denominated in cash, that is granted under Section 10 of the Plan.

 

    	 	 

    	 	2

    

 

(h)            “Cause”
means, as to any Participant, unless the applicable Award Agreement states otherwise, (i) “Cause,” as defined in
any employment, severance, consulting or other similar agreement between the Participant and the Service Recipient in effect at the
time of such Termination; or (ii) in the absence of any such employment, severance, consulting or other similar
agreement (or the absence of any definition of “Cause” contained therein), the Participant’s (A) willful
neglect in the performance of the Participant’s duties for the Service Recipient or willful or repeated failure or refusal to
perform such duties; (B) engagement in conduct in connection with the Participant’s employment or service with the
Service Recipient, which results in, or could reasonably be expected to result in, material harm to the business or reputation of
the Service Recipient or any other member of the Company Group; (C) conviction of, or plea of guilty or no contest to,
(I) any felony (or similar crime in any non-U.S. jurisdiction for Participant’s outside the United States) or
(II) any other crime that results in, or could reasonably be expected to result in, material harm to the business or reputation
of the Service Recipient or any other member of the Company Group; (D) material violation of the written policies of the
Service Recipient, including, but not limited to, those relating to sexual harassment, or those set forth in the manuals or
statements of policy of the Service Recipient; (E) fraud, misappropriation or embezzlement related to the misuse of funds or
property belonging to the Service Recipient or any other member of the Company Group; (F) act of personal dishonesty that
involves personal profit in connection with the Participant’s employment or service to the Service Recipient; or
(G) engagement in any Detrimental Activity; provided, in any case, that a Participant’s resignation after an event
that would be grounds for a Termination for Cause will be treated as a Termination for Cause hereunder.

 

		(i)	“Change in Control” means:

 

(i)            the
acquisition (whether by purchase, merger, consolidation, combination or other similar transaction) by any Person of beneficial ownership
(within the meaning of Rule 13d-3 promulgated under the Exchange Act) of more than 50% (on a fully diluted basis) of either (A) the
Outstanding Common Stock; or (B) the Outstanding Company Voting Securities; provided, however, that for purposes of the Plan,
the following acquisitions shall not constitute a Change in Control: (I) any acquisition by the Company or any Affiliate; (II) any
acquisition by any employee benefit plan sponsored or maintained by the Company or any Affiliate; or (III) in respect of an Award
held by a particular Participant, any acquisition by the Participant or any group of Persons including the Participant (or any entity
controlled by the Participant or any group of Persons including the Participant);

 

(ii)            during
any period of 12 months, individuals who, at the beginning of such period, constitute the Board (the “Incumbent
Directors”) cease for any reason to constitute at least a majority of the members of the Board, provided that any person
becoming a director subsequent to the Effective Date, whose election or nomination for election was approved by a vote of at least
two-thirds of the Incumbent Directors then on the Board (either by a specific vote or by approval of the proxy statement of the
Company in which such person is named as a nominee for director, without written objection to such nomination) shall be an Incumbent
Director; provided, however, that no individual initially elected or nominated as a director of the Company as a result of an
actual or threatened election contest, as such terms are used in Rule 14a-12 of Regulation 14A promulgated under the Exchange
Act, with respect to directors or as a result of any other actual or threatened solicitation of proxies or consents by or on
behalf of any person other than the Board shall be deemed to be an Incumbent Director;

 

    	 	 

    	 	3

    

 

(iii)            the
consummation of a reorganization, recapitalization, merger, consolidation, or similar corporate transaction involving the Company that
requires the approval of the Company’s stockholders (a “Business Combination”), unless immediately following
such Business Combination: more than 50% of the total voting power of (A) the entity resulting from such Business Combination (the
 “Surviving Company”), or (B) if applicable, the ultimate parent entity that directly or indirectly has beneficial
ownership of sufficient voting securities eligible to elect a majority of the board of directors (or the analogous governing body) of
the Surviving Company, is represented by the Outstanding Company Voting Securities that were outstanding immediately prior to such Business
Combination (or, if applicable, is represented by shares into which the Outstanding Company Voting Securities were converted pursuant
to such Business Combination); or

 

(iv)            the
sale, transfer or other disposition of all or substantially all of the assets of the Company Group (taken as a whole) to any Person that
is not an Affiliate of the Company.

 

(j)            “Code”
means the Internal Revenue Code of 1986, as amended, and any successor thereto. Reference in the Plan to any section of the Code shall
be deemed to include any regulations or other interpretative guidance under such section, and any amendments or successor provisions to
such section, regulations or guidance.

 

(k)            “Committee”
means the Compensation Committee of the Board or any properly delegated subcommittee thereof or, if no such Compensation Committee or
subcommittee thereof exists, the Board.

 

(l)            “Common
Stock” means the common stock of the Company, par value $0.01 per share (and any stock or other securities into which such Common
Stock may be converted or into which it may be exchanged).

 

(m)            “Company”
means Mattress Firm Group Inc., a Delaware corporation, and any successor thereto.

 

 (n)             “Company Group” means, collectively, the Company and its Subsidiaries.

 

(o)         “Date
of Grant” means the date on which the granting of an Award is authorized, or such other date as may be specified in such authorization.

 

(p)            “Designated
Foreign Subsidiaries” means all members of the Company Group that are organized under the laws of any jurisdiction other than
the United States of America.

 

(q)            “Detrimental
Activity” means any of the following: (i) unauthorized disclosure or use of any confidential or proprietary
information of any member of the Company Group; (ii) any activity that would be grounds to terminate the Participant’s
employment or service with the Service Recipient for Cause; (iii) a breach by the Participant of any restrictive covenant by
which such Participant is bound, including, without limitation, any covenant not to compete or not to solicit, in any agreement with
any member of the Company Group; or (iv) the Participant’s fraud or conduct contributing to any financial restatements or
irregularities, in each case, as determined by the Committee in its sole discretion.

 

    	 	 

    	 	4

    

 

(r)            “Disability”
means, as to any Participant, unless the applicable Award Agreement states otherwise, (i) “Disability,” as defined in
any employment, severance, consulting or other similar agreement between the Participant and the Service Recipient in effect at the time
of Termination; or (ii) in the absence of any such employment, severance, consulting or other similar agreement (or the absence of
any definition of “Disability” contained therein), a condition entitling the Participant to receive benefits under a long-term
disability plan of the Service Recipient or other member of the Company Group in which such Participant is eligible to participate, or,
in the absence of such a plan, the complete and permanent inability of the Participant by reason of illness or accident to perform the
duties of the position at which the Participant was employed or served when such disability commenced. Any determination of whether Disability
exists in the absence of a long-term disability plan shall be made by the Company (or its designee) in its sole and absolute discretion.

 

		(s)	“Effective Date” means [●], 2022.

 

(t)          
 “Eligible Person” means: any (i) individual employed by any member of the Company Group; provided,
however, that no such U.S. employee covered by a collective bargaining agreement shall be an Eligible Person unless and to the
extent that such eligibility is set forth in such collective bargaining agreement or in an agreement or instrument relating thereto;
(ii) director of any member of the Company Group; or (iii) consultant or advisor to any member of the Company Group, in
each case who may be offered securities registrable pursuant to a registration statement on Form S-8 under the Securities Act
(or, for consultants or advisors outside of the U.S. can be offered securities consistent with Applicable Law).

 

(u)            “Exchange
Act” means the Securities Exchange Act of 1934, as amended, and any successor thereto. Reference in the Plan to any section
of (or rule promulgated under) the Exchange Act shall be deemed to include any rules, regulations or other interpretative guidance
under such section or rule, and any amendments or successor provisions to such section, rules, regulations or guidance.

 

		(v)	“Exercise Price” has the meaning given to such term in Section  7(b) of the
Plan.

 

(w)         
 “Fair Market Value” means, as of any date, the fair market value of a share of Common Stock, as reasonably
determined by the Company and consistently applied for purposes of the Plan, which may include, without limitation, the closing
sales price on the trading day immediately prior to or on such date, or a trailing average of previous closing prices prior to such
date.

 

		(x)	“GAAP” has the meaning given to such term in Section  7(d) of the Plan.

 

    	 	 

    	 	5

    

 

(y)            “Grant
Date Fair Market Value” means, as of a Date of Grant, (i) if the Common Stock is listed on a national securities
exchange, the closing sales price of the Common Stock reported on the primary exchange on which the Common Stock is listed and
traded on such date, or, if there are no such sales on that date, then on the last preceding date on which such sales were
reported; (ii) if the Common Stock is not listed on any national securities exchange but is quoted in an inter-dealer quotation
system on a last-sale basis, the average between the closing bid price and ask price reported on such date, or, if there is no such
sale on that date, then on the last preceding date on which a sale was reported; or (iii) if the Common Stock is not listed on
a national securities exchange or quoted in an inter-dealer quotation system on a last-sale basis, the amount determined by the
Committee in good faith to be the fair market value of the Common Stock; provided, however, as to any Awards granted on or
with a Date of Grant of the date of the pricing of the Company’s initial public offering, “Grant Date Fair Market
Value” shall be equal to the per share price at which the Common Stock is offered to the public in connection with such
initial public offering.

 

(z)             “Incentive
Stock Option” means an Option which is designated by the Committee as an incentive stock option as described in Section 422
of the Code and otherwise meets the requirements set forth in the Plan.

 

(aa)             “Indemnifiable
Person” has the meaning given to such term in Section  4(e) of the Plan.

 

(bb)             “Non-Employee
Director” means a member of the Board who is not an employee of any member of the Company Group.

 

(cc)             “Nonqualified
Stock Option” means an Option which is not designated by the Committee as an Incentive Stock Option.

 

 (dd)             “Option” means an Award granted under Section  7 of the Plan.

 

(ee)             “Option
Period” has the meaning given to such term in Section  7(c)(ii) of the Plan.

 

(ff)               “Other
Equity-Based Award” means an Award that is not an Option, Cash-Based Incentive Award, Restricted Stock or Restricted Stock
Unit, that is granted under Section  9 of the Plan and is (i) payable by delivery of Common Stock and/or (ii) measured
by reference to the value of Common Stock.

 

(gg)             “Outstanding
Common Stock” means the then-outstanding shares of Common Stock, taking into account as outstanding for this purpose such Common
Stock issuable upon the exercise of options or warrants, the conversion of convertible stock or debt, the exercise of any similar
right to acquire such Common Stock, and the exercise or settlement of then-outstanding Awards (or similar awards under any prior incentive
plans maintained by the Company).

 

    	 	 

    	 	6

    

 

(hh)            “Outstanding
Company Voting Securities” means the combined voting power of the then-outstanding voting securities of the Company entitled
to vote generally in the election of directors.

 

(ii)              “Participant”
means an Eligible Person who has been selected by the Committee to participate in the Plan and granted an Award pursuant to the Plan.

 

(jj)             “Performance
Conditions” means specific levels of performance of the Company (and/or one or more members of the Company Group,
divisions or operational and/or business units, product lines, brands, business segments, administrative departments, or any
combination of the foregoing), which may be determined in accordance with GAAP or on a non-GAAP basis, including, without
limitation, the following measures: (i) net earnings, net income (before or after taxes), or consolidated net income;
(ii) basic or diluted earnings per share (before or after taxes); (iii) net revenue or net revenue growth; (iv) gross
revenue or gross revenue growth, gross profit or gross profit growth; (v) net operating profit (before or after taxes);
(vi) return measures (including, but not limited to, return on investment, assets, capital, employed capital, invested capital,
equity, or sales); (vii) cash flow measures (including, but not limited to, operating cash flow, free cash flow, or cash flow
return on capital), which may be but are not required to be measured on a per share basis; (viii) actual or adjusted earnings
before or after interest, taxes, depreciation, and/or amortization (including EBIT and EBITDA); (ix) gross or net operating
margins; (x) productivity ratios; (xi) share price (including, but not limited to, growth measures and total stockholder
return); (xii) expense targets or cost reduction goals, general and administrative expense savings; (xiii) operating
efficiency; (xiv) objective measures of customer/client satisfaction; (xv) working capital targets; (xvi) measures of
economic value added or other ‘value creation’ metrics; (xvii) enterprise value; (xviii) sales;
(xix) stockholder return; (xx) customer/client retention; (xxi) competitive market metrics; (xxii) employee
retention; (xxiii) objective measures of personal targets, goals, or completion of projects (including, but not limited to,
succession and hiring projects, completion of specific acquisitions, dispositions, reorganizations, or other corporate transactions
or capital-raising transactions, expansions of specific business operations, and meeting divisional or project budgets);
(xxiv) comparisons of continuing operations to other operations; (xxv) market share; (xxvi) cost of capital, debt
leverage, year-end cash position or book value; (xxvii) strategic objectives; (xxviii) gross or net authorizations;
(xxix) backlog; or (xxx) any combination of the foregoing. Any one or more of the aforementioned performance criteria may
be stated as a percentage of another performance criteria, or used on an absolute or relative basis to measure the performance of
one or more members of the Company Group as a whole or any divisions or operational and/or business units, product lines, brands,
business segments, or administrative departments of the Company and/or one or more members of the Company Group or any combination
thereof, as the Committee may deem appropriate, or any of the above performance criteria may be compared to the performance of a
selected group of comparison companies, or a published or special index that the Committee, in its sole discretion, deems
appropriate, or as compared to various stock market indices.

 

    	 	 

    	 	7

    

 

(kk)             “Permitted
Transferee” has the meaning given to such term in Section  13(b)(ii) of the Plan.

 

(ll)               “Person”
means any individual, entity or group (within the meaning of Section 13(d)(3) or 14(d)(2) of the Exchange Act).

 

(mm)           “Plan”
means this Mattress Firm Group Inc. 2022 Omnibus Incentive Plan, as it may be amended and/or restated from time to time.

 

(nn)           
“Plan Share Reserve” has the meaning given to such term in Section  6(a) of the Plan.

 

(oo)             “Qualifying
Director” means a Person who is, with respect to actions intended to obtain an exemption from Section 16(b) of
the Exchange Act pursuant to Rule 16b-3 under the Exchange Act, a “non-employee director” within the meaning of
Rule 16b-3 under the Exchange Act.

 

(pp)           “Restricted
Period” means the period of time determined by the Committee during which an Award is subject to restrictions, including vesting
conditions.

 

(qq)             “Restricted
Stock” means Common Stock, subject to certain specified restrictions (which may include, without limitation, a requirement that
the Participant remain continuously employed or provide continuous services for a specified period of time), granted under Section 
8 of the Plan.

 

(rr)               “Restricted
Stock Unit” means an unfunded and unsecured promise to deliver shares of Common Stock, cash, other securities or other property,
subject to certain restrictions (which may include, without limitation, a requirement that the Participant remain continuously employed
or provide continuous services for a specified period of time), granted under Section  8 of the Plan.

 

(ss)              “Securities
Act” means the Securities Act of 1933, as amended, and any successor thereto. Reference in the Plan to any section of (or rule promulgated
under) the Securities Act shall be deemed to include any rules, regulations or other interpretative guidance under such section or rule,
and any amendments or successor provisions to such section, rules, regulations or guidance.

 

(tt)               “Service
Recipient” means, with respect to a Participant holding a given Award, the member of the Company Group by which the
original recipient of such Award is, or following a Termination was most recently, principally employed or to which such original
recipient provides, or following a Termination was most recently providing, services, as applicable.

 

    	 	 

    	 	8

    

 

(uu)         “SAR
Base Price” means, as to any Stock Appreciation Right, the price per share of Common Stock designated as the base value above
which appreciation in value is measured.

 

(vv)         “Stock
Appreciation Right” or “SAR” means an Other-Equity Based Award designated in an applicable Award Agreement
as a stock appreciation right.

 

(ww)        “Sub-Plans”
means any sub-plan to the Plan that has been adopted by the Board or the Committee for the purpose of permitting or facilitating the
offering of Awards to employees of certain Designated Foreign Subsidiaries or otherwise outside the jurisdiction of the United States
of America, with each such Sub-Plan designed to comply with Applicable Law in such foreign jurisdictions. Although any Sub-Plan may be
designated a separate and independent plan from the Plan in order to comply with Applicable Law, the Plan Share Reserve and the other
limits specified in Section  6(a) of the Plan shall apply in the aggregate to the Plan and any Sub-Plan adopted hereunder.

 

		(xx)	“Subsidiary” means, with respect to any specified Person:

 

(i)             any
corporation, association or other business entity of which more than 50% of the total voting power of shares of such entity’s
voting securities (without regard to the occurrence of any contingency and after giving effect to any voting agreement or
stockholders’ agreement that effectively transfers voting power) is at the time owned or controlled, directly or indirectly,
by that Person or one or more of the other Subsidiaries of that Person (or a combination thereof); and

 

(ii)            any
partnership (or any comparable foreign entity) (A) the sole general partner (or functional equivalent thereof) or the managing general
partner of which is such Person or Subsidiary of such Person or (B) the only general partners (or functional equivalents thereof)
of which are that Person or one or more Subsidiaries of that Person (or any combination thereof).

 

(yy)             “Substitute
Awards” has the meaning given to such term in Section  6(e) of the Plan.

 

(zz)              “Termination”
means the termination of a Participant’s employment or service, as applicable, with the Service Recipient for any reason (including
death or Disability).

 

3.            Effective
Date; Duration. The Plan shall be effective as of the Effective Date. The expiration date of
the Plan, on and after which date no Awards may be granted hereunder, shall be the 10th anniversary of the Effective Date; provided, however,
that such expiration shall not affect Awards then outstanding, and the terms and conditions of the Plan shall continue to apply to such
Awards.

 

    	 	 

    	 	9

    

 

		4.	Administration.

 

(a)            General.
The Committee shall administer the Plan. To the extent required to comply with the provisions of Rule 16b-3 promulgated under the
Exchange Act (if the Board is not acting as the Committee under the Plan) it is intended that each member of the Committee shall, at the
time such member takes any action with respect to an Award under the Plan that is intended to qualify for the exemptions provided by Rule 16b-3
promulgated under the Exchange Act, be a Qualifying Director. However, the fact that a Committee member shall fail to qualify as a Qualifying
Director shall not invalidate any Award granted by the Committee that is otherwise validly granted under the Plan.

 

(b)            Committee
Authority. Subject to the provisions of the Plan and Applicable Law, the Committee shall have the sole and plenary authority, in
addition to other express powers and authorizations conferred on the Committee by the Plan, to (i) designate Participants;
(ii) determine the type or types of Awards to be granted to a Participant; (iii) determine the number of shares of Common
Stock to be covered by, or with respect to which payments, rights, or other matters are to be calculated in connection with, Awards;
(iv) determine the terms and conditions of any Award; (v) determine whether, to what extent, and under what circumstances
Awards may be settled in, or exercised for, cash, shares of Common Stock, other securities, other Awards or other property, or
canceled, forfeited, or suspended and the method or methods by which Awards may be settled, exercised, canceled, forfeited, or
suspended; (vi) determine whether, to what extent, and under what circumstances the delivery of cash, shares of Common Stock,
other securities, other Awards, or other property and other amounts payable with respect to an Award shall be deferred either
automatically or at the election of the Participant or of the Committee; (vii) interpret,
administer, reconcile any inconsistency in, correct any defect in and/or supply any omission in the Plan and any instrument or
agreement relating to, or Award granted under, the Plan; (viii) establish, amend, suspend, or waive any rules and
regulations and appoint such agents as the Committee shall deem appropriate for the proper administration of the Plan;
(ix) adopt Sub-Plans; and (x) make any other determination and take any other action that the Committee deems necessary or
desirable for the administration of the Plan.

 

(c)            Delegation.
Except to the extent prohibited by Applicable Law, the Committee may allocate all or any portion of its responsibilities and powers to
any one or more of its members and may delegate all or any part of its responsibilities and powers to any Person or Persons selected by
it. Any such allocation or delegation may be revoked by the Committee at any time. Without limiting the generality of the foregoing, the
Committee may delegate to one or more officers of any member of the Company Group, the authority to act on behalf of the Committee with
respect to any matter, right, obligation, or election which is the responsibility of, or which is allocated to, the Committee herein,
and which may be so delegated in accordance with Applicable Law, except with respect to grants of Awards to Persons (i) who are Non-Employee
Directors, or (ii) who are subject to Section 16 of the Exchange Act.

 

(d)            Finality
of Decisions. Unless otherwise expressly provided in the Plan, all designations, determinations, interpretations, and other
decisions under or with respect to the Plan, any Award or any Award Agreement shall be within the sole discretion of the Committee,
may be made at any time and shall be final, conclusive and binding upon all Persons, including, without limitation, any
member of the Company Group, any Participant, any holder or beneficiary of any Award, and any stockholder of the Company.

 

    	 	 

    	 	10

    

 

(e)            Indemnification.
No member of the Board or the Committee or any employee or agent of any member of the Company Group (each such Person, an
 “Indemnifiable Person”) shall be liable for any action taken or omitted to be taken or any determination made
with respect to the Plan or any Award hereunder (unless constituting fraud or a willful criminal act or omission). Each
Indemnifiable Person shall be indemnified and held harmless by the Company against and from any loss, cost, liability, or expense
(including attorneys’ fees) that may be imposed upon or incurred by such Indemnifiable Person in connection with or resulting
from any action, suit or proceeding to which such Indemnifiable Person may be a party or in which such Indemnifiable Person may be
involved by reason of any action taken or omitted to be taken or determination made with respect to the Plan or any Award hereunder
and against and from any and all amounts paid by such Indemnifiable Person with the Company’s approval, in settlement thereof,
or paid by such Indemnifiable Person in satisfaction of any judgment in any such action, suit or proceeding against such
Indemnifiable Person, and the Company shall advance to such Indemnifiable Person any such expenses promptly upon written request
(which request shall include an undertaking by the Indemnifiable Person to repay the amount of such advance if it shall ultimately
be determined, as provided below, that the Indemnifiable Person is not entitled to be indemnified); provided, that the
Company shall have the right, at its own expense, to assume and defend any such action, suit or proceeding and once the Company
gives notice of its intent to assume the defense, the Company shall have sole control over such defense with counsel of the Company’s
choice. The foregoing right of indemnification shall not be available to an Indemnifiable Person to the extent that a final judgment
or other final adjudication (in either case not subject to further appeal) binding upon such Indemnifiable Person determines that
the acts, omissions or determinations of such Indemnifiable Person giving rise to the indemnification claim resulted from such
Indemnifiable Person’s fraud or willful criminal act or omission or that such right of indemnification is otherwise prohibited
by Applicable Law or by the organizational documents of any member of the Company Group. The foregoing right of indemnification
shall not be exclusive of or otherwise supersede any other rights of indemnification to which such Indemnifiable Persons may be
entitled under (i) the organizational documents of any member of the Company Group, (ii) pursuant to Applicable Law,
(iii) an individual indemnification agreement or contract or otherwise, or (iv) any other power that the Company may have
to indemnify such Indemnifiable Persons or hold such Indemnifiable Persons harmless.

 

(f)            Board
Authority. Notwithstanding anything to the contrary contained in the Plan, the Board may, in its sole discretion, at any time and
from time to time, grant Awards and administer the Plan with respect to such Awards. Any such actions by the Board shall be subject to
the applicable rules of the securities exchange or inter-dealer quotation system on which the Common Stock is listed or quoted. In
any such case, the Board shall have all the authority granted to the Committee under the Plan.

 

5.            Grants
of Awards; Eligibility. The Committee may, from time to time, grant Awards to one or more Eligible
Persons. Participation in the Plan shall be limited to Eligible Persons.

 

    	 	 

    	 	11

    

 

		6.	Shares Subject to the Plan; Limitations.

 

(a)            Share
Reserve. Subject to Section  11 of the Plan, [●] shares of Common Stock (the “Plan Share Reserve”)
shall be available for Awards under the Plan. Each Award granted under the Plan will reduce the Plan Share Reserve by the number of
shares of Common Stock underlying the Award. Notwithstanding the foregoing, the Plan Share Reserve shall be automatically increased
on the first day of each fiscal year following the fiscal year in which the Effective Date falls by a number of shares of Common
Stock equal to the lesser of (i) 2% of the [issued and outstanding] Common Stock on the last day of the immediately preceding
fiscal year and (ii) a lower number of shares of Common Stock as may be determined by the Board.

 

(b)            Additional
Limits. Subject to Section  11 of the Plan, (i) no more than the number of shares of Common Stock equal to the Plan Share
Reserve may be issued in the aggregate pursuant to the exercise of Incentive Stock Options granted under the Plan; and (ii) during
a single fiscal year, the number of Awards eligible to be made to any Non-Employee Director, taken together with any cash fees paid to
such Non-Employee Director, in each case, in respect of such Non-Employee Director’s service as a member of the Board during such
fiscal year, shall not exceed a total value of $1,000,000 (calculating the value of any such Awards based on the grant date fair value
of such Awards for financial reporting purposes).

 

(c)            Share
Counting. Other than with respect to Substitute Awards, to the extent that an Award expires or is canceled, forfeited, or terminated
without issuance to the Participant of the full number of shares of Common Stock to which the Award related, the unissued shares underlying
such Award will be returned to the Plan Share Reserve and again be available for grant under the Plan. Shares of Common Stock shall be
deemed to have been issued in settlement of Awards if the Fair Market Value equivalent of such shares is paid in cash; provided, however,
that no shares shall be deemed to have been issued in settlement of a SAR, Other Equity-Based Award or Restricted Stock Unit that only
provides for settlement in, and settles only in, cash, or in respect of any Cash-Based Incentive Award. Shares of Common Stock withheld
in payment of the Exercise Price, SAR Base Price, or taxes relating to an Award shall constitute shares of Common Stock issued to the
Participant and shall reduce the Plan Share Reserve.

 

(d)            Source
of Shares. Shares of Common Stock issued by the Company in settlement of Awards may be authorized and unissued shares, shares of Common
Stock held in the treasury of the Company, shares of Common Stock purchased on the open market or by private purchase or a combination
of the foregoing.

 

(e)            Substitute
Awards. Awards may, in the sole discretion of the Committee, be granted under the Plan in assumption of, or in substitution for,
outstanding awards previously granted by an entity directly or indirectly acquired by the Company or with which the Company combines
(“Substitute Awards”). Substitute Awards shall not be counted against the Plan Share Reserve; provided,
that Substitute Awards issued in connection with the assumption of, or in substitution for, outstanding options intended to qualify
as “incentive stock options” within the meaning of Section 422 of the Code shall be counted against the aggregate
number of shares of Common Stock available for Awards of Incentive Stock Options under the Plan. Subject to applicable stock
exchange requirements, available shares under a stockholder-approved plan of an entity directly or indirectly acquired by the
Company or with which the Company combines (as appropriately adjusted to reflect the acquisition or combination transaction) may be
used for Awards under the Plan and shall not reduce the number of shares of Common Stock available for issuance under the Plan.

 

    	 	 

    	 	12

    

 

7.            Options.

 

(a)            General.
Each Option granted under the Plan shall be evidenced by an Award Agreement, which agreement need not be the same for each Participant.
Each Option so granted shall be subject to the conditions set forth in this Section  7, and to such other conditions not inconsistent
with the Plan as may be reflected in the applicable Award Agreement. All Options granted under the Plan shall be Nonqualified Stock Options
unless the applicable Award Agreement expressly states that the Option is intended to be an Incentive Stock Option. Incentive Stock Options
may be granted only to Eligible Persons who are employees of a member of the Company Group. No Option may be treated as an Incentive Stock
Option unless the Plan has been approved by the stockholders of the Company in a manner intended to comply with the stockholder approval
requirements of Section 422(b)(1) of the Code. Any Option intended to be an Incentive Stock Option that does not qualify as
an Incentive Stock Option for any reason, including by reason of grant to an Eligible Person who is not an employee or the Plan not being
properly approved by the stockholders of the Company under Section 422(b)(1) of the Code, then, to the extent of such non-qualification,
such Option or portion thereof shall be regarded as a Nonqualified Stock Option appropriately granted under the Plan.

 

(b)             Exercise
Price. Except as otherwise provided by the Committee in the case of Substitute Awards, the exercise price (“Exercise
Price”) per share of Common Stock for each Option shall not be less than 100% of the Grant Date Fair Market Value of such
share; provided, however, that in the case of an Incentive Stock Option granted to an employee who, at the time of the grant
of such Option, owns stock representing more than 10% of the voting power of all classes of stock of any member of the Company
Group, the Exercise Price per share shall be no less than 110% of the Grant Date Fair Market Value per share.

 

		(c)	Vesting and Expiration; Termination.

 

(i)            Options
shall vest and become exercisable in such manner and on such date or dates or upon such event or events as determined by the Committee,
including, without limitation, satisfaction of Performance Conditions; provided, however, that notwithstanding any such vesting
dates or events, the Committee may in its sole discretion accelerate the vesting of any Options at any time and for any reason.

 

(ii)            Options
shall expire upon a date determined by the Committee, not to exceed 10 years from the Date of Grant (the “Option
Period”); provided, that if the Option Period (other than in the case of an Incentive Stock Option) would expire on
a date when (A) trading in the shares of Common Stock is prohibited by the Company’s insider trading policy (or
Company-imposed “blackout period”), and (B) the Fair Market Value exceeds the
Exercise Price per share on such expiration date, then the Option Period shall be automatically extended until the 30th day
following the expiration of such prohibition. Notwithstanding the foregoing, in no event shall the Option Period exceed five
years from the Date of Grant in the case of an Incentive Stock Option granted to a Participant who on the Date of Grant owns stock
representing more than 10% of the voting power of all classes of stock of any member of the Company Group.

 

    	 	 

    	 	13

    

 

(iii)           Unless
otherwise provided by the Committee, whether in an Award Agreement or otherwise, in the event of: (A) a
Participant’s Termination by the Service Recipient for Cause, all outstanding Options granted to such Participant shall
immediately terminate and expire; (B) a Participant’s Termination due to death or Disability, each outstanding unvested
Option granted to such Participant shall immediately terminate and expire, and each outstanding vested Option shall remain
exercisable for one year thereafter (but in no event beyond the expiration of the Option Period); and (C) a Participant’s
Termination for any other reason, each outstanding unvested Option granted to such Participant shall immediately terminate and
expire, and each outstanding vested Option shall remain exercisable for 90 days thereafter (but in no event beyond the expiration of
the Option Period).

 

(d)           Method
of Exercise and Form of Payment. No shares of Common Stock shall be issued pursuant to any exercise of an Option until
payment in full of the Exercise Price therefor is received by the Company and the Participant has paid to the Company an amount
equal to any Federal, state, local and non-U.S. income, employment and any other applicable taxes that are required to be withheld
under Applicable Law, as determined in accordance with Section  13(d) hereof. Options which have become exercisable may be
exercised by delivery of written or electronic notice (or telephonic instructions to the extent provided by the Committee) of
exercise to the Company (or any third-party administrator, as applicable) in accordance with the terms of the Option and any other
exercise procedure established by the Committee, accompanied by payment of the Exercise Price. Unless otherwise provided by the
Committee, whether in an Award Agreement or otherwise, the Exercise Price shall be payable: (i) in cash, check, cash equivalent
and/or shares of Common Stock valued at the Fair Market Value at the time the Option is exercised (including, pursuant to procedures
approved by the Committee, by means of attestation of ownership of a sufficient number of shares of Common Stock in lieu of actual
issuance of such shares to the Company); provided, that such shares of Common Stock are not subject to any pledge or other
security interest and have been held by the Participant for at least six months (or such other period as established from time to
time by the Committee in order to avoid adverse accounting treatment applying generally accepted accounting principles
(“GAAP”)); or (ii) by such other method as the Committee may permit, in its sole discretion, including,
without limitation (A) in other property having a fair market value on the date of exercise equal to the Exercise Price;
(B) if there is a public market for the shares of Common Stock at such time, by means of a broker-assisted “cashless
exercise” pursuant to which the Company is delivered (including telephonically to the extent permitted by the Committee) a
copy of irrevocable instructions to a stockbroker to sell the shares of Common Stock otherwise issuable upon the exercise of the
Option and to deliver promptly to the Company an amount equal to the Exercise Price; or (C) a “net exercise”
procedure effected by withholding the minimum number of shares of Common Stock otherwise issuable in respect of an Option that are
needed to pay the Exercise Price and any Federal, state, local and non-U.S. income, employment and any other applicable taxes that
are required to be withheld under Applicable Law, as determined in accordance with Section  13(d) hereof. Unless otherwise
determined by the Committee, any fractional shares of Common Stock shall be settled in cash.

 

    	 	 

    	 	14

    

 

(e)            Notification
upon Disqualifying Disposition of an Incentive Stock Option. Each Participant awarded an Incentive Stock Option under the Plan shall
notify the Company in writing immediately after the date the Participant makes a disqualifying disposition of any shares of Common Stock
acquired pursuant to the exercise of such Incentive Stock Option. A disqualifying disposition is any disposition (including, without limitation,
any sale) of such shares of Common Stock before the later of (i) the date that is two years after the Date of Grant of the Incentive
Stock Option or (ii) the date that is one year after the date of exercise of the Incentive Stock Option. The Company may, if determined
by the Committee and in accordance with procedures established by the Committee, retain possession, as agent for the applicable Participant,
of any shares of Common Stock acquired pursuant to the exercise of an Incentive Stock Option until the end of the period described in
the preceding sentence, subject to complying with any instructions from such Participant as to the sale of such shares of Common Stock.

 

(f)            Compliance
With Laws, etc. Notwithstanding the foregoing, in no event shall a Participant be permitted to exercise an Option in a manner
which the Committee determines would violate the Sarbanes-Oxley Act of 2002, as it may be amended from time to time, or any other Applicable
Law.

 

8.            Restricted
Stock and Restricted Stock Units.

 

(a)            General.
Each grant of Restricted Stock and Restricted Stock Units shall be evidenced by an Award Agreement. Each Restricted Stock and Restricted
Stock Unit so granted shall be subject to the conditions set forth in this Section  8, and to such other conditions not inconsistent
with the Plan as may be reflected in the applicable Award Agreement.

 

(b)            Stock
Certificates and Book-Entry; Escrow or Similar Arrangement. Upon the grant of Restricted Stock, the Committee shall cause a
stock certificate registered in the name of the Participant to be issued or shall cause share(s) of Common Stock to be
registered in the name of the Participant and held in book-entry form subject to the Company’s directions and, if the
Committee determines that the Restricted Stock shall be held by the Company or in escrow rather than issued to the Participant
pending the release of the applicable restrictions, the Committee may require the Participant to additionally execute and deliver to
the Company (i) an escrow agreement satisfactory to the Committee, if applicable and (ii) the appropriate stock power
(endorsed in blank) with respect to the Restricted Stock covered by such agreement. Subject to the restrictions set forth in this
Section  8, Section  13(b) of the Plan and the applicable Award Agreement, a Participant generally shall have the
rights and privileges of a stockholder as to shares of Restricted Stock, including, without limitation, the right to vote such
Restricted Stock. To the extent shares of Restricted Stock are forfeited, any stock certificates issued to the Participant
evidencing such shares shall be returned to the Company, and all rights of the Participant to such shares and as a stockholder with
respect thereto shall terminate without further obligation on the part of the Company. A Participant shall have no rights or
privileges as a stockholder as to Restricted Stock Units.

 

    	 	 

    	 	15

    

 

		(c)	Vesting; Termination.

 

(i)            Restricted
Stock and Restricted Stock Units shall vest, and any applicable Restricted Period shall lapse, in such manner and on such date or dates
or upon such event or events as determined by the Committee, including, without limitation, satisfaction of Performance Conditions; provided,
however, that, notwithstanding any such dates or events, the Committee may, in its sole discretion, accelerate the vesting of any
Restricted Stock or Restricted Stock Unit or the lapsing of any applicable Restricted Period at any time and for any reason.

 

(ii)            Unless
otherwise provided by the Committee, whether in an Award Agreement or otherwise, in the event of a Participant’s Termination for
any reason prior to the time that such Participant’s Restricted Stock or Restricted Stock Units, as applicable, have vested, (A) all
vesting with respect to such Participant’s Restricted Stock or Restricted Stock Units, as applicable, shall cease and (B) unvested
shares of Restricted Stock and unvested Restricted Stock Units, as applicable, shall be forfeited to the Company by the Participant for
no consideration as of the date of such Termination.

 

		(d)	Issuance of Restricted Stock and Settlement of Restricted Stock Units.

 

(i)            Upon
the expiration of the Restricted Period with respect to any shares of Restricted Stock, the restrictions set forth in the applicable
Award Agreement shall be of no further force or effect with respect to such shares, except as set forth in the applicable Award
Agreement. If an escrow arrangement is used, upon such expiration, the Company shall issue to the Participant, or the
Participant’s beneficiary, without charge, the stock certificate (or, if applicable, a notice evidencing a book-entry
notation) evidencing the shares of Restricted Stock which have not then been forfeited and with respect to which the Restricted
Period has expired (rounded down to the nearest full share).

 

(ii)            Unless
otherwise provided by the Committee in an Award Agreement or otherwise, upon the expiration of the Restricted Period with respect to
any outstanding Restricted Stock Units, the Company shall issue to the Participant or the Participant’s beneficiary,
without charge, one share of Common Stock (or other securities or other property, as applicable) for each such outstanding
Restricted Stock Unit; provided, however, that the Committee may, in its sole discretion, elect to (A) pay cash
or part cash and part shares of Common Stock in lieu of issuing only shares of Common Stock in respect of such Restricted Stock
Units; or (B) defer the issuance of shares of Common Stock (or cash or part cash and part shares of Common Stock, as the case
may be) beyond the expiration of the Restricted Period if such extension would not cause adverse tax consequences under
Section 409A of the Code. If a cash payment is made in lieu of issuing shares of Common Stock in respect of such Restricted
Stock Units, the amount of such payment shall be equal to the Fair Market Value per share of the Common Stock as of the date on
which the Restricted Period lapsed with respect to such Restricted Stock Units.

 

    	 	 

    	 	16

    

 

(e)            Legends
on Restricted Stock. Each certificate, if any, or book entry representing Restricted Stock awarded under the Plan, if any, shall bear
a legend or book entry notation substantially in the form of the following, in addition to any other information the Company deems appropriate,
until the lapse of all restrictions with respect to such shares of Common Stock:

 

TRANSFER OF THIS CERTIFICATE AND THE
SHARES REPRESENTED HEREBY IS RESTRICTED PURSUANT TO THE TERMS OF THE MATTRESS FIRM GROUP INC. 2022 OMNIBUS INCENTIVE PLAN AND A RESTRICTED
STOCK AWARD AGREEMENT BETWEEN MATTRESS FIRM GROUP INC. AND THE PARTICIPANT. A COPY OF SUCH PLAN AND AWARD AGREEMENT IS ON FILE AT THE
PRINCIPAL EXECUTIVE OFFICES OF MATTRESS FIRM GROUP INC.

 

9.             Other
Equity-Based Awards. The Committee may grant Other Equity-Based Awards under the Plan to Eligible
Persons, alone or in tandem with other Awards, in such amounts and dependent on such conditions as the Committee shall from time to time
in its sole discretion determine, including, without limitation, satisfaction of Performance Conditions. Each Other Equity-Based Award
granted under the Plan shall be evidenced by an Award Agreement and shall be subject to such conditions not inconsistent with the Plan
as may be reflected in the applicable Award Agreement.

 

10.           Cash-Based
Incentive Awards. The Committee may grant Cash-Based Incentive Awards under the Plan to any Eligible
Person, in such amounts and dependent on such conditions as the Committee shall from time to time in its sole discretion determine, including,
without limitation, satisfaction of Performance Conditions. Each Cash-Based Incentive Award granted under the Plan shall be evidenced
in such form as the Committee may determine from time to time.

 

11.           Changes
in Capital Structure and Similar Events. Notwithstanding any other provision in the Plan to the contrary, the following provisions
shall apply to all Awards granted hereunder (other than Cash-Based Incentive Awards):

 

     

    17

    

 

(a)            General.
In the event of (i) any dividend (other than regular cash dividends) or other distribution (whether in the form of cash, shares
of Common Stock, other securities or other property), recapitalization, stock split, reverse stock split, reorganization, merger,
consolidation, split-up, split-off, spin-off, combination, repurchase or exchange of shares of Common Stock or other securities of
the Company, issuance of warrants or other rights to acquire shares of Common Stock or other securities of the Company, or other
similar corporate transaction or event that affects the shares of Common Stock (including a Change in Control); or (ii) unusual
or nonrecurring events affecting the Company, including changes in applicable rules, rulings, regulations or other requirements,
that the Committee determines, in its sole discretion, could result in substantial dilution or enlargement of the rights intended to
be granted to, or available for, Participants (any event in (i) or (ii), an “Adjustment Event”), the
Committee shall, in respect of any such Adjustment Event, make such proportionate substitution or adjustment, if any, as it deems
equitable, to any or all of (A) the Plan Share Reserve, or any other limit applicable under the Plan with respect to the number
of Awards which may be granted hereunder; (B) the number of shares of Common Stock or other securities of the Company (or
number and kind of other securities or other property) which may be issued in respect of Awards or with respect to which Awards may
be granted under the Plan or any Sub-Plan; and (C) the terms of any outstanding Award, including, without limitation,
(I) the number of shares of Common Stock or other securities of the Company (or number and kind of other securities or other
property) subject to outstanding Awards or to which outstanding Awards relate; (II) the Exercise Price or SAR Base Price with
respect to any Option or SAR, as applicable, or any amount payable as a condition of issuance of shares of Common Stock (in the case
of any other Award); or (III) any applicable performance measures; provided, that in the case of any “equity
restructuring” (within the meaning of the Financial Accounting Standards Board Accounting Standards Codification Topic 718 (or
any successor pronouncement thereto)), the Committee shall make an equitable or proportionate adjustment to outstanding Awards to
reflect such equity restructuring.

 

(b)            Change
in Control. Without limiting the foregoing, in connection with any Adjustment Event that is a Change in Control, the Committee may,
in its sole discretion, provide for any one or more of the following:

 

(i)            substitution
or assumption of, acceleration of the vesting of, exercisability of, or lapse of restrictions on, any one or more outstanding Awards;
and

 

(ii)            cancellation
of any one or more outstanding Awards and payment to the holders of such Awards that are vested as of such cancellation (including, without
limitation, any Awards that would vest as a result of the occurrence of such event but for such cancellation or for which vesting is accelerated
by the Committee in connection with such event pursuant to clause (i) above), the value of such Awards, if any, as determined by
the Committee (which value, if applicable, may be based upon the price per share of Common Stock received or to be received by other stockholders
of the Company in such event), including, without limitation, in the case of an outstanding Option or SAR, a cash payment in an amount
equal to the excess, if any, of the Fair Market Value (as of a date specified by the Committee) of the shares of Common Stock subject
to such Option or SAR over the aggregate Exercise Price or SAR Base Price of such Option or SAR (it being understood that, in such event,
any Option or SAR having a per share Exercise Price or SAR Base Price equal to, or in excess of, the Fair Market Value of a share of Common Stock subject thereto may be canceled
and terminated without any payment or consideration therefor).

 

     

    18

    

 

FOR PURPOSES OF CLAUSE (I) ABOVE, AN AWARD WILL BE CONSIDERED
GRANTED IN SUBSTITUTION OF AN AWARD IF IT HAS AN EQUIVALENT VALUE (AS DETERMINED CONSISTENT WITH CLAUSE (II) ABOVE) WITH THE ORIGINAL
AWARD, WHETHER DESIGNATED IN SECURITIES OF THE ACQUIROR IN SUCH CHANGE IN CONTROL TRANSACTION (OR AN AFFILIATE THEREOF), OR IN CASH OR
OTHER PROPERTY (INCLUDING IN THE SAME CONSIDERATION THAT OTHER STOCKHOLDERS OF THE COMPANY RECEIVE IN CONNECTION WITH SUCH CHANGE IN CONTROL
TRANSACTION), AND RETAINS THE VESTING SCHEDULE APPLICABLE TO THE ORIGINAL AWARD.

 

PAYMENTS TO HOLDERS PURSUANT TO CLAUSE (II) ABOVE SHALL BE MADE
IN CASH OR, IN THE SOLE DISCRETION OF THE COMMITTEE, IN THE FORM OF SUCH OTHER CONSIDERATION NECESSARY FOR A PARTICIPANT
TO RECEIVE PROPERTY, CASH, OR SECURITIES (OR COMBINATION THEREOF) AS SUCH PARTICIPANT WOULD HAVE BEEN ENTITLED TO RECEIVE UPON THE OCCURRENCE
OF THE TRANSACTION IF THE PARTICIPANT HAD BEEN, IMMEDIATELY PRIOR TO SUCH TRANSACTION, THE HOLDER OF THE NUMBER OF SHARES OF COMMON
STOCK COVERED BY THE AWARD AT SUCH TIME (LESS ANY APPLICABLE EXERCISE PRICE OR SAR BASE PRICE).

 

(c)            Other
Requirements. Prior to any payment or adjustment contemplated under this Section  11, the Committee may require a Participant
to (i) represent and warrant as to the unencumbered title to the Participant’s Awards; (ii) bear such Participant’s
pro rata share of any post-closing indemnity obligations, and be subject to the same post-closing purchase price adjustments, escrow terms,
offset rights, holdback terms, and similar conditions as the other holders of Common Stock, subject to any limitations or reductions as
may be necessary to comply with Section 409A of the Code; and (iii) deliver customary transfer documentation as reasonably determined
by the Committee.

 

(d)            Fractional
Shares. Unless otherwise determined by the Committee, any adjustment provided under this Section  11 may provide for the elimination
of any fractional share that might otherwise become subject to an Award.

 

(e)            Binding
Effect. Any adjustment, substitution, determination of value or other action taken by the Committee under this Section  11 shall
be conclusive and binding for all purposes.

 

12.            Amendments
and Termination.

 

(a)            Amendment
and Termination of the Plan. The Board may amend, alter, suspend, discontinue, or terminate the Plan or any portion thereof at
any time; provided, that no such amendment, alteration, suspension, discontinuance or termination shall be made without
stockholder approval if (i) such approval is required under Applicable Law; (ii) it would materially increase the number
of securities which may be issued under the Plan (except for increases pursuant to Section  6 or 11 of the Plan); or
(iii) it would materially modify the requirements for participation in the Plan; provided, further, that any such
amendment, alteration, suspension, discontinuance or termination that would materially and adversely affect the rights of any
Participant or any holder or beneficiary of any Award theretofore granted shall not to that extent be effective without the consent
of the affected Participant, holder or beneficiary. Notwithstanding the foregoing, no amendment shall be made to Section 
12(c) of the Plan without stockholder approval.

 

     

    19

    

 

(b)            Amendment
of Award Agreements. The Committee may, to the extent consistent with the terms of the Plan and any applicable Award Agreement, waive
any conditions or rights under, amend any terms of, or alter, suspend, discontinue, cancel or terminate, any Award theretofore granted
or the associated Award Agreement, prospectively or retroactively (including after a Participant’s Termination); provided,
that, other than pursuant to Section  11, any such waiver, amendment, alteration, suspension, discontinuance, cancellation or termination
that would materially and adversely affect the rights of any Participant with respect to any Award theretofore granted shall not to that
extent be effective without the consent of the affected Participant.

 

(c)            No
Repricing. Notwithstanding anything in the Plan to the contrary, without stockholder approval, except as otherwise permitted
under Section  11 of the Plan, (i) no amendment or modification may reduce the Exercise Price of any Option or the SAR
Base Price of any SAR; (ii) the Committee may not cancel any outstanding Option or SAR and replace it with a new Option or SAR
(with a lower Exercise Price or SAR Base Price, as the case may be) or other Award or cash payment that is greater than the
intrinsic value (if any) of the cancelled Option or SAR; and (iii) the Committee may not take any other action which is
considered a “repricing” for purposes of the stockholder approval rules of any securities exchange or inter-dealer
quotation system on which the securities of the Company are listed or quoted.

 

13.            General.

 

(a)            Award
Agreements. Each Award (other than a Cash-Based Incentive Award) under the Plan shall be evidenced by an Award Agreement, which shall
be delivered to the Participant to whom such Award was granted and shall specify the terms and conditions of the Award and any rules applicable
thereto, including, without limitation, the effect on such Award of the death, Disability or Termination of a Participant, or of such
other events as may be determined by the Committee. For purposes of the Plan, an Award Agreement may be in any such form (written or electronic)
as determined by the Committee (including, without limitation, a Board or Committee resolution, an employment agreement, a notice, a certificate
or a letter) evidencing the Award. The Committee need not require an Award Agreement to be signed by the Participant or a duly authorized
representative of the Company.

 

		(b)	Nontransferability.

 

 (i) Each Award shall be exercisable only by such Participant to whom such Award was granted during the Participant’s lifetime, or, if permissible under Applicable Law, by the Participant’s legal guardian or representative. No Award may be assigned, alienated, pledged, attached, sold or otherwise transferred or encumbered by a Participant (unless such transfer is specifically required pursuant to a domestic relations order or by Applicable Law) other than by will or by the laws of descent and distribution and any such purported assignment, alienation, pledge, attachment, sale, transfer or encumbrance shall be void and unenforceable against any member of the Company Group; provided, that the designation of a beneficiary shall not constitute an assignment, alienation, pledge, attachment, sale, transfer or encumbrance.

  

     

    20

    

 

(ii)           Notwithstanding
the foregoing, the Committee may, in its sole discretion, permit Awards (other than Incentive Stock Options) to be transferred by a
Participant, without consideration, subject to such rules as the Committee may adopt consistent with any applicable Award
Agreement to preserve the purposes of the Plan, to any person who is a “family member” of the Participant, as such term
is used in the instructions to Form S-8 under the Securities Act or any successor form of registration statement promulgated by the
Securities and Exchange Commission (a “Permitted Transferee”); provided, that the Participant gives the
Committee advance written notice describing the terms and conditions of the proposed transfer and the Committee notifies the
Participant in writing that such a transfer would comply with the requirements of the Plan.

 

(iii)          The
terms of any Award transferred in accordance with clause (ii) above shall apply to the Permitted Transferee and any reference in
the Plan, or in any applicable Award Agreement, to a Participant shall be deemed to refer to the Permitted Transferee, except that (A) Permitted
Transferees shall not be entitled to transfer any Award, other than by will or the laws of descent and distribution; (B) Permitted
Transferees shall not be entitled to exercise any transferred Option unless there shall be in effect a registration statement on an appropriate
form covering the shares of Common Stock to be acquired pursuant to the exercise of such Option if the Committee determines, consistent
with any applicable Award Agreement, that such a registration statement is necessary or appropriate; (C) neither the Committee nor
the Company shall be required to provide any notice to a Permitted Transferee, whether or not such notice is or would otherwise have been
required to be given to the Participant under the Plan or otherwise; and (D) the consequences of a Participant’s Termination
under the terms of the Plan and the applicable Award Agreement shall continue to be applied with respect to the Participant, including,
without limitation, that an Option shall be exercisable by the Permitted Transferee only to the extent, and for the periods, specified
in the Plan and the applicable Award Agreement.

 

		(c)	Dividends and Dividend Equivalents.

 

(i)            The
Committee may, in its sole discretion, provide a Participant as part of an Award with dividends, dividend equivalents, or similar
payments in respect of Awards, payable in cash, shares of Common Stock, other securities, other Awards or other property, on a
current or deferred basis, on such terms and conditions as may be determined by the Committee in its sole discretion, including,
without limitation, payment directly to the Participant, withholding of such amounts by the Company subject to vesting of the Award
or reinvestment in additional shares of Common Stock, Restricted Stock or other Awards.

 

     

    21

    

 

(ii)           Without
limiting the foregoing, unless otherwise provided in the Award Agreement, any dividend otherwise payable in respect of any share of Restricted
Stock that remains subject to vesting conditions at the time of payment of such dividend shall be retained by the Company and remain subject
to the same vesting conditions as the share of Restricted Stock to which the dividend relates and shall be delivered (without interest)
to the Participant within 15 days following the date on which such restrictions on such Restricted Stock lapse (and the right to any such
accumulated dividends shall be forfeited upon the forfeiture of the Restricted Stock to which such dividends relate).

 

(iii)          To
the extent provided in an Award Agreement, the holder of outstanding Restricted Stock Units shall be entitled to be credited with dividend
equivalent payments (upon the payment by the Company of dividends on shares of Common Stock) either in cash or, in the sole discretion
of the Committee, in shares of Common Stock having a Fair Market Value equal to the amount of such dividends (and interest may, in the
sole discretion of the Committee, be credited on the amount of cash dividend equivalents at a rate and subject to such terms as determined
by the Committee), which accumulated dividend equivalents (and interest thereon, if applicable) shall be payable at the same time as the
underlying Restricted Stock Units are settled following the date on which the Restricted Period lapses with respect to such Restricted
Stock Units, and if such Restricted Stock Units are forfeited, the Participant shall have no right to such dividend equivalent payments
(or interest thereon, if applicable).

 

		(d)	Tax Withholding.

 

(i)            A
Participant shall be required to pay to the Company or one or more of its Subsidiaries, as applicable, an amount in cash (by check or
wire transfer) equal to the aggregate amount of any income, employment and/or other applicable taxes that are required to be withheld
under Applicable Law in respect of an Award. Alternatively, the Company or any of its Subsidiaries may elect, in its sole discretion,
to satisfy this requirement by withholding such amount from any cash compensation or other cash amounts owing to a Participant.

 

(ii)           Without
limiting the foregoing, the Committee may (but is not obligated to), in its sole discretion, permit or require a Participant to
satisfy, all or any portion of the minimum income, employment and/or other applicable taxes that are required to be withheld under
Applicable Law with respect to an Award by (A) the delivery of shares of Common Stock (which are not subject to any pledge or
other security interest) that have been both held by the Participant and vested for at least six months (or such other period as
established from time to time by the Committee in order to avoid adverse accounting treatment under applicable accounting standards)
having an aggregate Fair Market Value equal to such minimum statutorily required withholding liability (or portion thereof); or
(B) having the Company withhold from the shares of Common Stock otherwise issuable or deliverable to, or that would otherwise
be retained by, the Participant upon the grant, exercise, vesting or settlement of the Award, as applicable, a number of shares of
Common Stock with an aggregate Fair Market Value equal to an amount, subject to clause (iii) below, not in excess of such
minimum statutorily required withholding liability (or portion thereof).

 

     

    22

    

 

(iii)          The
Committee, subject to its having considered the applicable accounting impact of any such determination, has full discretion to allow Participants
to satisfy, in whole or in part, any additional income, employment and/or other applicable taxes payable by them with respect to an Award
by electing to have the Company withhold from the shares of Common Stock otherwise issuable or deliverable to, or that would otherwise
be retained by, a Participant upon the grant, exercise, vesting or settlement of the Award, as applicable, shares of Common Stock having
an aggregate Fair Market Value that is greater than the applicable minimum required statutory withholding liability (but such withholding
may in no event be in excess of the maximum statutory withholding amount(s) in a Participant’s relevant tax jurisdictions).

 

(e)            Data
Protection. By participating in the Plan or accepting any rights granted under it, each Participant consents to the collection
and processing of personal data relating to the Participant so that the Company and its Affiliates can fulfill their obligations and
exercise their rights under the Plan and generally administer and manage the Plan. This data will include, but may not be limited
to, data about participation in the Plan and shares offered or received, purchased, or sold under the Plan from time to time and
other appropriate financial and other data (such as the date on which the Awards were granted) about the Participant and the
Participant’s participation in the Plan.

 

(f)             No
Claim to Awards; No Rights to Continued Employment; Waiver. No employee of any member of the Company Group, or other Person,
shall have any claim or right to be granted an Award under the Plan or, having been selected for the grant of an Award, to be
selected for a grant of any other Award. There is no obligation for uniformity of treatment of Participants or holders or
beneficiaries of Awards. The terms and conditions of Awards and the Committee’s determinations and interpretations with
respect thereto need not be the same with respect to each Participant and may be made selectively among Participants, whether or not
such Participants are similarly situated; provided that, contemporaneous (effectuated within thirty (30) days of each other)
determinations and interpretations with respect to then outstanding Awards held by Non-Employee Directors shall not be more
favorable than determinations or interpretations of a similar nature with respect to then outstanding Awards held by other Eligible
Persons. Neither the Plan nor any action taken hereunder shall be construed as giving any Participant any right to be retained in
the employ or service of the Service Recipient or any other member of the Company Group, nor shall it be construed as giving any
Participant any rights to continued service on the Board. The Service Recipient or any other member of the Company Group may at any
time dismiss a Participant from employment or discontinue any consulting relationship, free from any liability or any claim under
the Plan, unless otherwise expressly provided in the Plan or any Award Agreement. By accepting an Award under the Plan, a
Participant shall thereby be deemed to have waived any claim to continued exercise or vesting of an Award or to damages or severance
entitlement related to non-continuation of the Award beyond the period provided under the Plan or any Award Agreement, except to the
extent of any provision to the contrary in any written employment contract or other agreement between the Service Recipient
and/or any member of the Company Group and the Participant, whether any such agreement is executed before, on or after the Date of
Grant.

 

     

    23

    

 

(g)            International
Participants. With respect to Participants who reside or work outside of the United States of America, the Committee may, in its sole
discretion, amend the terms of the Plan and create or amend Sub-Plans or amend outstanding Awards with respect to such Participants in
order to permit or facilitate participation in the Plan by such Participants, or conform such terms with the requirements of Applicable
Law or to obtain more favorable tax or other treatment for a Participant or any member of the Company Group.

 

(h)            Designation
and Change of Beneficiary. To the extent permitted under Applicable Law and by the Company, each Participant may file with the Committee
a written designation of one or more Persons as the beneficiary(ies) who shall be entitled to receive the amounts payable with respect
to an Award, if any, due under the Plan upon the Participant’s death. A Participant may, from time to time, revoke or change the
Participant’s beneficiary designation without the consent of any prior beneficiary by filing a new designation with the Committee.
The last such designation received by the Committee shall be controlling; provided, however, that no designation, or change or
revocation thereof, shall be effective unless received by the Committee prior to the Participant’s death, and in no event shall
it be effective as of a date prior to such receipt. If no beneficiary designation is filed by a Participant, or in the event the Company
determines that any such designation does not comply with Applicable Law, the beneficiary shall be deemed to be the Participant’s
estate.

 

(i)             Termination.
Except as otherwise provided in an Award Agreement, unless determined otherwise by the Committee at any point following such event: (i) neither
a temporary absence from employment or service due to illness, vacation or leave of absence (including, without limitation, a call to
active duty for military service through a Reserve or National Guard unit) nor a transfer from employment or service with one Service
Recipient to employment or service with another Service Recipient (or vice-versa) shall be considered a Termination; and (ii) if
a Participant undergoes a Termination, but such Participant continues to provide services to the Company Group in a non-employee capacity
pursuant to a written agreement [in which the Participant provides substantial services, as determined by the Board in its sole discretion],
such change in status shall not be considered a Termination for purposes of the Plan. Further, unless otherwise determined by the Committee,
in the event that any Service Recipient ceases to be a member of the Company Group (by reason of sale, divestiture, spin-off or other
similar transaction), unless a Participant’s employment or service is transferred to another entity that would constitute a Service
Recipient immediately following such transaction, such Participant shall be deemed to have suffered a Termination hereunder as of the
date of the consummation of such transaction.

 

(j)             No
Rights as a Stockholder. Except as otherwise specifically provided in the Plan or any Award Agreement, no Person shall be
entitled to the privileges of ownership in respect of shares of Common Stock which are subject to Awards hereunder until such shares
have been issued or delivered to such Person.

 

     

    24

    

 

		(k)	Government and Other Regulations.

 

(i)            The
obligation of the Company to settle Awards in shares of Common Stock or other consideration shall be subject to all Applicable Law.
Notwithstanding any terms or conditions of any Award to the contrary, the Company shall be under no obligation to offer to sell or
to sell, and shall be prohibited from offering to sell or selling, any shares of Common Stock pursuant to an Award unless such
shares have been properly registered for sale pursuant to the Securities Act with the Securities and Exchange Commission (or as
otherwise permitted under Applicable Law) or unless the Company has received an opinion of counsel (if the Company has requested
such an opinion), satisfactory to the Company, that such shares may be offered or sold without such registration pursuant to an
available exemption therefrom and the terms and conditions of such exemption have been fully complied with. The Company shall be
under no obligation to register for sale under the Securities Act any of the shares of Common Stock to be offered or sold under the
Plan. The Committee shall have the authority to provide that all shares of Common Stock or other securities of any member of the
Company Group issued under the Plan shall be subject to such stop-transfer orders and other restrictions as the Committee may deem
advisable under the Plan, the applicable Award Agreement and Applicable Law, and, without limiting the generality of Section  8
of the Plan, the Committee may cause a legend or legends to be put on certificates representing shares of Common Stock or other
securities of any member of the Company Group issued under the Plan to make appropriate reference to such restrictions or may cause
such Common Stock or other securities of any member of the Company Group issued under the Plan in book-entry form to be held subject
to the Company’s instructions or subject to appropriate stop-transfer orders. Notwithstanding any provision in the Plan to the
contrary, the Committee reserves the right to add, at any time, any additional terms or provisions to any Award granted under the
Plan that the Committee, in its sole discretion, deems necessary or advisable in order that such Award complies with the legal
requirements of any governmental entity to whose jurisdiction the Award is subject.

 

(ii)           The
Committee may cancel an Award or any portion thereof if it determines, in its sole discretion, that legal or contractual restrictions
and/or blockage and/or other market considerations would make the Company’s acquisition of shares of Common Stock from the public
markets, the Company’s issuance of Common Stock to the Participant, the Participant’s acquisition of Common Stock from the
Company and/or the Participant’s sale of Common Stock to the public markets, illegal, impracticable or inadvisable. If the Committee
determines to cancel all or any portion of an Award in accordance with the foregoing, the Company shall, subject to any limitations or
reductions as may be necessary to comply with Section 409A of the Code, (A) in the case of Options, SARs or other Awards subject
to exercise, pay to the Participant an amount equal to the excess of (I) the aggregate Fair Market Value of the shares of Common
Stock subject to such Award or portion thereof canceled (determined as of the applicable exercise date, or the date that the shares would
have been vested or issued, as applicable);over (II) the aggregate Exercise Price or SAR Base Price (in the case of an Option
or SAR, respectively) or any amount payable as a condition of issuance of shares of Common Stock (in the case of any other Award subject
to exercise), or (B) in the case of Restricted Stock, Restricted Stock Units or Other Equity-Based Awards, provide the Participant
with a cash payment or equity subject to deferred vesting and delivery consistent with the vesting restrictions applicable to such Restricted
Stock, Restricted Stock Units or Other Equity-Based Awards, or the underlying shares in respect thereof. Any applicable amounts shall
be delivered to the Participant as soon as practicable following the cancellation of such Award or portion thereof.

 

     

    25

    

 

(l)             No
Section 83(b) Elections Without Consent of Company. No election under Section 83(b) of the Code or under a similar
provision of law may be made unless expressly permitted by the terms of the applicable Award Agreement or by action of the Committee in
writing prior to the making of such election. If a Participant, in connection with the acquisition of shares of Common Stock under the
Plan or otherwise, is expressly permitted to make such election and the Participant makes the election, the Participant shall notify the
Company of such election within 10 days after filing notice of the election with the Internal Revenue Service or other governmental authority,
in addition to any filing and notification required pursuant to Section 83(b) of the Code or other applicable provision.

 

(m)           Payments
to Persons Other Than Participants. If the Committee shall find that any Person to whom any amount is payable under the Plan is
unable to care for the Participant’s affairs because of illness or accident, or is a minor, or has died, then any payment due
to such Person or the Participant’s estate (unless a prior claim therefor has been made by a duly appointed legal
representative) may, if the Committee so directs the Company, be paid to the Participant’s spouse, child, relative, an
institution maintaining or having custody of such Person, or any other Person deemed by the Committee to be a proper recipient on
behalf of such Person otherwise entitled to payment. Any such payment shall be a complete discharge of the liability of the
Committee and the Company therefor.

 

(n)            Nonexclusivity
of the Plan. Neither the adoption of the Plan by the Board nor the submission of the Plan to the stockholders of the Company for approval
shall be construed as creating any limitations on the power of the Board to adopt such other incentive arrangements as it may deem desirable,
including, without limitation, the granting of equity-based awards otherwise than under the Plan, and such arrangements may be either
applicable generally or only in specific cases.

 

(o)            No
Trust or Fund Created. Neither the Plan nor any Award shall create or be construed to create a trust or separate fund of any
kind or a fiduciary relationship between any member of the Company Group, on the one hand, and a Participant or other Person, on the
other hand. No provision of the Plan or any Award shall require the Company, for the purpose of satisfying any obligations under the
Plan, to purchase assets or place any assets in a trust or other entity to which contributions are made or otherwise to segregate
any assets, nor shall the Company be obligated to maintain separate bank accounts, books, records or other evidence of the existence
of a segregated or separately maintained or administered fund for such purposes. Participants shall have no rights under the Plan
other than as unsecured general creditors of the Company, except that insofar as they may have become entitled to payment of
additional compensation by performance of services, they shall have the same rights as other service providers under general
law.

 

     

    26

    

 

(p)            Reliance
on Reports. Each member of the Committee and each member of the Board shall be fully justified in acting or failing to act, as the
case may be, and shall not be liable for having so acted or failed to act in good faith, in reliance upon any report made by the independent
public accountant of any member of the Company Group and/or any other information furnished in connection with the Plan by any agent of
the Company or the Committee or the Board, other than himself or herself.

 

(q)            Relationship
to Other Benefits. No payment under the Plan shall be taken into account in determining any benefits under any pension, retirement,
profit sharing, group insurance or other benefit plan of the Company except as otherwise specifically provided in such other plan or as
required by Applicable Law.

 

(r)             Governing
Law. The Plan shall be governed by and construed in accordance with the internal laws of the State of Delaware applicable to contracts
made and performed wholly within the State of Delaware, without giving effect to the conflict of laws provisions thereof. EACH PARTICIPANT
WHO ACCEPTS AN AWARD IRREVOCABLY WAIVES ALL RIGHT TO A TRIAL BY JURY IN ANY SUIT, ACTION, OR OTHER PROCEEDING INSTITUTED BY OR AGAINST
SUCH PARTICIPANT IN RESPECT OF THE PARTICIPANT’S RIGHTS OR OBLIGATIONS UNDER THE PLAN OR ANY APPLICABLE AWARD AGREEMENT.

 

(s)            Severability.
If any provision of the Plan or any Award or Award Agreement is or becomes or is deemed to be invalid, illegal, or unenforceable in any
jurisdiction or as to any Person or Award, or would disqualify the Plan or any Award under any law deemed applicable by the Committee,
such provision shall be construed or deemed amended to conform to the Applicable Laws, or if it cannot be construed or deemed amended
without, in the determination of the Committee, materially altering the intent of the Plan or the Award, such provision shall be construed
or deemed stricken as to such jurisdiction, Person or Award and the remainder of the Plan and any such Award shall remain in full force
and effect.

 

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

 

		(u)	Section 409A of the Code.

 

(i)             Notwithstanding
any provision of the Plan to the contrary, it is intended that the provisions of the Plan comply with Section 409A of the Code,
and all provisions of the Plan shall be construed and interpreted in a manner consistent with the requirements for avoiding taxes or
penalties under Section 409A of the Code. Each Participant is solely responsible and liable for the satisfaction of all taxes
and penalties that may be imposed on or in respect of such Participant in connection with the Plan (including any taxes and
penalties under Section 409A of the Code), and neither the Service Recipient nor any other member of the Company Group shall
have any obligation to indemnify or otherwise hold such Participant (or any beneficiary) harmless from any or all of such taxes or
penalties. With respect to any Award that is considered “deferred compensation” subject to Section 409A of the
Code, references in the Plan to “termination of employment” (and substantially similar phrases) shall mean
 “separation from service” within the meaning of Section 409A of the Code. For purposes of Section 409A of the Code,
each of the payments that may be made in respect of any Award granted under the Plan is designated as separate payments.

 

     

    27

    

 

(ii)           Notwithstanding
anything in the Plan to the contrary, if a Participant is a “specified employee” within the meaning of Section 409A(a)(2)(B)(i) of
the Code, no payments in respect of any Awards that are “deferred compensation” subject to Section 409A of the Code and
which would otherwise be payable upon the Participant’s “separation from service” (as defined in Section 409A of
the Code) shall be made to such Participant prior to the date that is six months after the date of such Participant’s “separation
from service” or, if earlier, the date of the Participant’s death. Following any applicable six month delay, all such delayed
payments will be paid in a single lump sum on the earliest date permitted under Section 409A of the Code that is also a business
day.

 

(iii)          Unless
otherwise provided by the Committee in an Award Agreement or otherwise, in the event that the timing of payments in respect of any
Award (that would otherwise be considered “deferred compensation” subject to Section 409A of the Code) would be
accelerated upon the occurrence of (A) a Change in Control, no such acceleration shall be permitted unless the event giving
rise to the Change in Control satisfies the definition of a change in the ownership or effective control of a corporation, or a
change in the ownership of a substantial portion of the assets of a corporation pursuant to Section 409A of the Code; or
(B) a Disability, no such acceleration shall be permitted unless the Disability also satisfies the definition of
 “Disability” pursuant to Section 409A of the Code.

 

(iv)          This
Section  13(u) shall only apply with respect to Participants to whom Section 409A of the Code is applicable.

 

(v)            Clawback/Repayment.
All Awards shall be subject to reduction, cancellation, forfeiture or recoupment to the extent necessary to comply with (i) any
clawback, forfeiture or other similar policy adopted by the Board or the Committee and as in effect from time to time; and
(ii) Applicable Law. Further, unless otherwise determined by the Committee, to the extent that the Participant receives any
amount in excess of the amount that the Participant should otherwise have received under the terms of the Award for any reason
(including, without limitation, by reason of a financial restatement, mistake in calculations or other administrative error), the
Participant shall be required to repay any such excess amount to the Company.

 

     

    28

    

 

(w)          Detrimental
Activity. Notwithstanding anything to the contrary contained herein, if a Participant has engaged in any Detrimental Activity, as
determined by the Committee, the Committee may, in its sole discretion, provide for one or more of the following:

 

		(i)	cancellation of any or all of such Participant’s outstanding Awards; or

 

		(ii)	forfeiture by the Participant
of any gain realized in respect of Awards, and repayment of any such gain promptly to the Company.

 

(x)           Right
of Offset. The Company will have the right to offset against its obligation to deliver shares of Common Stock (or other property
or cash) under the Plan or any Award Agreement any outstanding amounts (including, without limitation, travel and entertainment or
advance account balances, loans, repayment obligations under any Awards, or amounts repayable to the Company pursuant to tax
equalization, housing, automobile or other employee programs) that the Participant then owes to any member of the Company Group and
any amounts the Committee otherwise deems appropriate pursuant to any tax equalization policy or agreement. Notwithstanding the
foregoing, if an Award is “deferred compensation” subject to Section 409A of the Code, the Committee will have no
right to offset against its obligation to deliver shares of Common Stock (or other property or cash) under the Plan or any Award
Agreement if such offset could subject the Participant to the additional tax imposed under Section 409A of the Code in respect
of an outstanding Award.

 

(y)           Expenses;
Titles and Headings. The expenses of administering the Plan shall be borne by the Company Group. The titles and headings of the sections
in the Plan are for convenience of reference only, and in the event of any conflict, the text of the Plan, rather than such titles or
headings, shall control.

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