Document:

BCO Holding Company Stock Incentive Plan.

 EXHIBIT 10.26 
  
 BCO Holding Company 
 Stock Incentive Plan 
  
 SECTION 1. 
  
 PURPOSE 
  
 The purpose of this Plan (as such term and any other capitalized terms used
herein without definition are defined in Section 2) is to foster and promote the long-term financial success of the Company and the Subsidiaries and materially increase stockholder value by (a) motivating superior performance by means of
service- and performance-related incentives, (b) encouraging and providing for the acquisition of an ownership interest in the Company by Employees and (c) enabling the Company and the Subsidiaries to attract and retain the services of
an outstanding management team upon whose judgment, interest and special effort the successful conduct of its and their operations is largely dependent. 
  
 SECTION 2. 
  
 DEFINITIONS 
  
 Whenever used herein, the following terms shall have the respective meanings set forth below: 
  
 Act: the Securities Act of 1933, as amended. 
  
 Adjustment Event: shall mean (i) any stock dividend, stock split or share combination of, or extraordinary cash dividend on, the Common
Stock, (ii) any recapitalization, reorganization, merger, consolidation, split-up, spin-off, combination or exchange of shares affecting the Common Stock, (iii) or any issuance of any warrants or rights offering (other than any such
issuance or offering under the Plan) to purchase Common Stock at a price materially below Fair Market Value, or (iv) any other similar event affecting the Common Stock. 
  
 Board: the Board of Directors of the Company. 
  
 Cause: (i) the refusal or neglect of the Participant to perform substantially his or her employment-related
duties, which has not been cured within twenty (20) 

 
calendar days after a written demand for substantial performance is delivered to such Participant, (ii) the Participant’s willful misconduct or
breach of fiduciary duty, (iii) the Participant’s conviction of or entering a plea of guilty or nolo contendere (or any applicable equivalent thereof) to a crime constituting a felony (or a crime or offense of equivalent
magnitude in any jurisdiction) or his or her willful violation of any other law, rule, or regulation (other than a traffic violation or other offense or violation outside of the course of employment which in no way adversely affects the Company or
any Subsidiary or its reputation or the ability of the Participant to perform his or her employment related duties or to represent the Company or any Subsidiary) or (iv) the material breach by the Participant of any covenant or agreement with
the Company or any Subsidiary, or any written policy of the Company or any Subsidiary, not to disclose any information pertaining to the Company or any Subsidiary or not to compete or interfere with the Company or any Subsidiary, which, in the case
of a covenant, agreement or policy not to compete or interfere with the Company or any Subsidiary, has not been cured within twenty (20) calendar days after a written demand for substantial performance of such covenant, agreement or policy is
delivered to such Participant; provided that, with respect to any Participant who is a party to an employment agreement with the Company or any Subsidiary, “Cause” shall have the meaning specified in such Participant’s
employment agreement or, in the case of any such Participant who is not party to an employment agreement but is a party to the Securityholders Agreement, “Cause” shall have the meaning specified in the Securityholders Agreement.

  
 CEO: the Chief Executive Officer of the Company or, if
such position is not then occupied, the Committee. 
  
 Change
in Control: a transaction which, when aggregated with all prior transactions occurring after the Effective Date, 
  
 (i) involves the sale, exchange, transfer or other disposition by the Kelso Entities to one or more persons or entities that are not, immediately prior to
such sale, affiliates of the Company or any Kelso Entity, of more than 50% of the Common Stock of the Company beneficially owned by the Kelso Entities as of the Effective Date, together with all purchases or other acquisitions by the Kelso Entities
of the Common Stock occurring after Effective Date; or 
  
 (ii)
involves the sale, exchange, transfer or other disposition of more than 50% of all of the assets of the Company and the Subsidiaries, taken as a whole, to one or more persons or entities that are not, immediately prior to such sale, transfer or
other disposition, affiliates of the Company or any Kelso Entity. 
  
 For purposes
of this definition, a Public Offering shall not be a Change in Control; provided that, any Common Stock sold, exchanged, transferred or otherwise disposed of by the Kelso Entities in a Public Offering shall be counted for purposes of determining

  

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whether a Change in Control shall have occurred in connection with any other sale, exchange, transfer or other disposition of the Common Stock by the Kelso
Entities. 
  
 Change in Control Price: the price per share
of Common Stock paid in conjunction with any transaction resulting in a Change in Control (as determined in good faith by the Committee if any part of the offered price is payable other than in cash). 
  
 Code: the Internal Revenue Code of 1986, as amended. 
  
 Committee: the Compensation Committee of the Board or, if there shall
not be any committee then serving, the Board. 
  
 Common
Stock: the common stock of the Company, par value $.01 per share. 
  
 Company: BCO Holding Company, a Delaware corporation, and any successor thereto. 
  
 Disability: the termination of a Participant’s employment with the Company or any Subsidiary as a result of such Participant’s incapacity
due to reasonably documented physical or mental illness that shall have prevented such Participant from performing his duties for the Company on a full-time basis for more than six months and within 30 days after written notice of termination has
been given to such Participant, such Participant shall not have returned to the full time performance of his duties. The date of termination in the case of a termination due to “Disability” shall be deemed to be the last day of the
aforementioned 30-day period. Notwithstanding the foregoing, (i) with respect to any Participant who is a party to an employment agreement with the Company or any Subsidiary, “Disability” shall have the meaning, if any, assigned to
such term or substantially similar terms in such Participant’s employment agreement or, with respect to any such Participant who is not a party to an employment agreement but is a party to the Securityholders Agreement, “Disability”
shall have the meaning, if any, specified in the Securityholders Agreement, and (ii) in the event a Participant whose employment with the Company terminates due to Disability continues to serve as a director of or a consultant to the Company,
such Participant’s employment with the Company shall not be deemed to have terminated for purposes of the Plan or any Option agreement evidencing Options granted to such Participant until the date as of which such Participant’s services as
a director of and consultant to the Company shall have also terminated. 
  
 Effective Date: February 7, 2003. 
  
 Employee: any officer or other key employee of the Company or any Subsidiary. 
  

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 Fair Market Value: if no Public Offering has occurred, the fair market value of a share of Common
Stock as determined in accordance with the Securityholders Agreement. Following a Public Offering, the Fair Market Value, on any date of determination, shall mean the average of the closing sales prices for a share of Common Stock as reported on a
national exchange for each of the ten business days preceding the date of determination or the average of the last transaction prices for a share of Common Stock as reported on a nationally recognized system of price quotation for each of the ten
business days preceding the date of determination. In the event that there are no Common Stock transactions reported on such exchange or system on such date, Fair Market Value shall mean the closing price on the immediately preceding date on which
Common Stock transactions were so reported. 
  
 Good
Reason: the termination of a Participant’s employment with the Company or any Subsidiary shall be for “Good Reason” if such Participant voluntarily terminates his or her employment with the Company or any Subsidiary as a result of
either of the following: (i) without such Participant’s prior written consent, a significant reduction by the Company or any Subsidiary of his or her current salary, other than any such reduction which is part of a general salary
reduction or other concessionary arrangement affecting all employees or affecting the group of employees of which the Participant is a member proportionately (after receipt by the Company or such Subsidiary of written notice and the expiration of a
20-day cure period) or (ii) the taking of any action by the Company or any Subsidiary that would substantially diminish the aggregate value of the benefits provided him or her under the Company’s or such Subsidiary’s accident,
disability, life insurance and any other employee benefit plans in which he or she was participating on the date of his or her execution of the applicable Option agreement, other than any such reduction which is (A) required by law,
(B) implemented in connection with a general concessionary arrangement affecting all employees or affecting the group of employees of which the Participant is a member proportionately or (C) generally applicable to all beneficiaries of
such plans (after receipt by the Company or such Subsidiary of written notice and a 20-day cure period); provided that, with respect to any Participant who is a party to an employment agreement with the Company or any Subsidiary, “Good
Reason” shall have the meaning, if any, specified in such Participant’s employment agreement or, in the case of any such Participant who is not a party to an employment agreement but is a party to the Securityholders Agreement, “Good
Reason” shall have the meaning, if any, specified in the Securityholders Agreement. 
  
 Kelso: Kelso Investment Associates VI, L.P. 
  
 Kelso Entities: collectively, Kelso and KEP VI, LLC. 
  
 Marketable Securities: any securities that are (i) of a class listed on a national exchange or on NASDAQ, (ii) freely tradable on such national exchange or on 

  

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NASDAQ, or not freely tradable but for which registration rights are currently available, and (iii) not subject to any contractual restriction on
transfer. 
  
 Option: the right to purchase Common Stock
pursuant to the terms of the Plan at a stated price for a specified period of time. For purposes of the Plan, an Option may be either (i) an “Incentive Stock Option” within the meaning of section 422 of the Code (an
“Incentive Stock Option”) or (ii) an Option which is not an Incentive Stock Option (a “Non-Qualified Stock Option”). 
  
 Participant: any Employee designated by the Committee to receive an award of Options under the Plan. 
  
 Permitted Transferee: a transferee permitted under Sections 1.3 or 1.4
of the Securityholders Agreement. 
  
 Plan: this BCO
Holding Company Stock Incentive Plan, as set forth herein and as the same may be amended from time to time in accordance with its terms. 
  
 Public Offering: a public offering pursuant to an effective registration statement filed with the Securities and Exchange Commission that covers
shares of Common Stock that, after the closing of such public offering, will be traded on the New York Stock Exchange, the American Stock Exchange or the National Association of Securities Dealers Automated Quotation System. 
  
 Registration Rights Agreement: the Registration Rights Agreement,
dated as of Effective Date, among the Company, the Kelso Entities and certain other stockholders of the Company, as it may be amended from time to time. 
  
 Retirement: the termination of a Participant’s employment with the Company or any Subsidiary on or after the date the Participant attains age
65. Notwithstanding the foregoing, (i) with respect to any Participant who is a party to an employment agreement with the Company or any Subsidiary, “Retirement” shall have the meaning, if any, specified in such Participant’s
employment agreement or, with respect to any such Participant who is not party to an employment agreement but is a party to the Securityholders Agreement, “Retirement” shall have the meaning, if any, specified in the Securityholders
Agreement, and (ii) in the event a Participant whose employment with the Company terminates due to Retirement continues to serve as a director of or a consultant to the Company, such Participant’s employment with the Company shall not be
deemed to have terminated for purposes of the Plan or any Option agreement evidencing Options granted to such Participant until the date as of which such Participant’s services as a director of and consultant to the Company shall have also
terminated, at which time the Participant shall be deemed to have terminated employment due to retirement. 
  

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 Securityholders Agreement: the Securityholders Agreement, dated as of Effective Date, among the
Company, the Kelso Entities and certain other stockholders of the Company, as it may be amended from time to time. 
  
 Subsidiary: any corporation a majority of whose outstanding voting securities is owned, directly or indirectly, by the Company. 
  
 Voluntary Resignation: the termination of a Participant’s
employment with the Company or any Subsidiary due to such Participant’s voluntary resignation; provided that, with respect to any Participant who is a party to an employment agreement with the Company or any Subsidiary, “Voluntary
Resignation” shall have the meaning, if any, specified in such Participant’s employment agreement or, in the case of any Participant who is not a party to an employment agreement but is a party to the Securityholders Agreement,
“Voluntary Resignation” shall have the meaning, if any, specified in the Securityholders Agreement. 
  
 SECTION 3. 
  
 ELIGIBILITY AND PARTICIPATION 
  
 Subject to the approval
of the Committee, which shall not be unreasonably withheld, Participants in the Plan shall be those Employees selected by the CEO or other authorized person to participate in the Plan and receive Options (which may include Employees who are members
of the Committee). The selection of an Employee as a Participant shall neither entitle such Employee to, nor disqualify such Employee from, participation in any other award or incentive plan of the Company or any Subsidiary. 
  
 SECTION 4. 
  
 ADMINISTRATION 
  
 4.1. Power to Grant and Establish Terms of Options. The Committee shall have the discretionary authority, subject to the terms of the Plan, to
determine the Employees to whom Options shall be granted (which may include Employees who are members of the Committee) and the terms and conditions of any and all Options, including, but not limited to, the number of shares of Common Stock covered
by each Option, the time or times at which Options shall be granted and the terms and provisions of the instruments by which Options shall be evidenced and to designate Options as Incentive Stock Options or Non-Qualified Stock Options. The proper
officers of the Company may suggest to the CEO or Committee the Participants who should receive Options. Subject to the terms of the Plan, the terms and conditions of each Option grant shall be determined by the Committee at the time of grant and,
subject to Section 8, such 

  

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terms and conditions shall not be subsequently changed in a manner which would be adverse to the Participant without the consent of the Participant to whom
such Option has been granted, even if this Plan shall be subsequently amended. The Committee may establish different terms and conditions for different Participants receiving Options and for the same Participant for each Option such Participant may
receive, whether or not granted at the same or different times. The grant of any Option to any Employee shall neither entitle such Employee to, nor disqualify him from, the grant of any other Options. 
  
 4.2. Substitute Options. The Committee shall have the right, subject
to the consent of Participants to whom Options have been granted, to grant in substitution for outstanding Options, replacement Options which may contain terms more favorable to the Participant than the Options they replace, including, without
limitation, a lower exercise price (subject to Section 6.2), and to cancel replaced Options. 
  
 4.3. Administration. The Committee shall be responsible for the administration of the Plan. Any Options granted by the Committee may be subject to such conditions, not inconsistent with the terms of the Plan,
as the Committee shall determine, in its sole discretion. The Committee shall have discretionary authority to prescribe, amend and rescind rules and regulations relating to the Plan, to provide for conditions deemed necessary or advisable to protect
the interests of the Company, to interpret the Plan and to make all other determinations necessary or advisable for the administration and interpretation of the Plan and to carry out its provisions and purposes. Any determination, interpretation or
other action made or taken (including any failure to make any determination or interpretation, or take any other action) by the Committee pursuant to the provisions of the Plan shall be final, binding and conclusive for all purposes and upon all
persons and shall be given deference in any proceeding with respect thereto. The Committee may consult with legal counsel, who may be counsel to the Company, and shall not incur any liability for any action taken in good faith in reliance upon the
advice of counsel. 
  
 SECTION 5. 
  
 STOCK SUBJECT TO PLAN 
  
 5.1. Number. Subject to the provisions of Section 5.3, the number of
shares of Common Stock subject to Options under the Plan may not exceed 2,006,989 shares. The shares of Common Stock to be delivered under the Plan may consist, in whole or in part, of shares held in treasury or authorized but unissued shares not
reserved for any other purpose. 
  
 5.2. Canceled, Terminated
or Forfeited Awards. Any shares of Common Stock subject to an Option which for any reason expires or is canceled, 

  

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terminated, forfeited, substituted for or otherwise settled without the issuance of such shares of Common Stock shall again be available for grant under the
Plan. 
  
 5.3. Adjustment in Capitalization. The aggregate
number of shares of Common Stock available for grants of Options under Section 5.1 or subject to outstanding Option grants and the respective prices and/or vesting criteria applicable to outstanding Options shall be proportionately adjusted to
reflect, as deemed equitable and appropriate by the Committee, each Adjustment Event. To the extent deemed equitable and appropriate by the Committee, in its good faith judgment, and subject to any required action by stockholders, in any merger,
consolidation, reorganization, liquidation, dissolution or other similar transaction (other than a Change in Control), any Option granted under the Plan shall pertain to the securities or other property to which a holder of the number of shares of
Common Stock covered by the Option would have been entitled to receive in connection with such event. 
  
 SECTION 6. 
  
 STOCK OPTIONS 
  
 6.1. Grant of Options. Options
may be granted to Participants at such time or times as shall be determined by the Committee. Options pursuant to this Plan may be of two types: (i) Incentive Stock Options and (ii) Non-Qualified Stock Options. The date of grant of an
Option under the Plan will be the date on which the Option is awarded by the Committee or, if so determined by the Committee on the date of award of an Option, the date on which occurs any event the occurrence of which is an express condition
precedent to the grant of the Option. The Committee shall determine the number of Options, if any, to be granted to a Participant. Each Option shall be evidenced by an Option agreement that shall specify the type of Option granted, the exercise
price, the duration of the Option, the number of shares of Common Stock to which the Option pertains, the conditions upon which the Options or any portion thereof shall become vested or exercisable and otherwise shall be in substantially the form of
the Option agreement attached hereto as Exhibit A, subject to such changes not inconsistent with the Plan as the Committee shall determine, in its good faith judgment, to be equitable and appropriate. 
  
 6.2. Option Price. Non-Qualified Stock Options and Incentive Stock
Options granted pursuant to the Plan shall have an exercise price per share of Common Stock determined by the Committee, provided that such per share exercise price may not be less than the Fair Market Value of a share of Common Stock on the
date the Option is granted. 
  

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 6.3. Exercise of Options. Options awarded to a Participant under the Plan shall be exercisable at
such times and shall be subject to such restrictions and conditions, including the performance of a minimum period of service or the satisfaction of performance goals, as the Committee may impose at the time of grant of such Options, subject to the
Committee’s right to accelerate the exercisability of such Options in its discretion. Notwithstanding the foregoing, no Option shall be exercisable on or after the tenth anniversary of the date on which it is granted. Except as may be provided
in any provision approved by the Committee pursuant to this Section 6.3, after becoming exercisable each installment of an Option shall remain exercisable until expiration, termination or cancellation of the Option. Subject to Section 9.7, an Option
may be exercised from time to time, in whole or in part, up to the total number of shares of Common Stock with respect to which it is then exercisable. 
  
 6.4. Payment. The Committee shall establish procedures governing the exercise of Options, which shall require that (x) as a condition to the
issuance of any shares of Common Stock upon the exercise of the Options prior to a Public Offering, the Participant become a party to the Securityholders Agreement and the Registration Rights Agreement with respect to such shares, (y) written
notice of exercise be given to the Company and (z) the Option exercise price be paid in full at the time of exercise in one of the following ways: (i) in cash or cash equivalents, or (ii) in unencumbered shares of Common Stock
which have been owned by the Participant for at least six months (or such longer period as is required by applicable accounting standards to avoid a charge to earnings) having an aggregate Fair Market Value on the date of exercise equal to such
aggregate Option exercise price or in a combination of cash and such unencumbered shares of Common Stock. Subject to Section 9.4, as soon as practicable after receipt of a written exercise notice, payment of the Option exercise price and receipt of
evidence of the Participant’s execution of the Securityholders Agreement and the Registration Rights Agreement in accordance with this Section 6.4, the Company shall deliver to the Participant a certificate or certificates representing the
acquired shares of Common Stock. 
  
 6.5. Incentive Stock
Options. Notwithstanding anything in the Plan to the contrary, no term of the Plan relating to Incentive Stock Options shall be interpreted, amended or altered, nor shall any discretion or authority granted under the Plan be so exercised, so as
to disqualify the Plan under section 422 of the Code, or, without the consent of any Participant affected thereby, to cause any Incentive Stock Option previously granted to fail to qualify for the federal income tax treatment afforded under section
421 of the Code. 
  
 6.6. Repurchase of Options. Unless
otherwise determined by the Committee at the time of grant, upon any termination of a Participant’s employment with the Company or any Subsidiary, the Company may repurchase all or any portion of the Options then held by such Participant that
are exercisable as of the date of such termination for a cash payment equal to the excess, if any, of (i) the Fair Market Value of 

  

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the shares of Common Stock subject to such Option (or to the portion thereof so purchased), over (ii) the aggregate Option exercise price for such
shares and on such other terms and conditions as the Committee shall establish at the date of grant. 
  
 6.7. Termination of Employment Due to Retirement or Other Special Termination. Subject to Section 6.6, unless otherwise determined by the Committee
at the time of grant, in the event a Participant’s employment with the Company or any Subsidiary terminates by reason of Retirement, without Cause or for Good Reason any Options granted to such Participant which, on or prior to the date of such
termination, have become exercisable in accordance with Section 6.3, may be exercised at any time prior to the first anniversary of the Participant’s termination of employment or the expiration of the term of the Options, whichever period is
shorter. 
  
 6.8. Termination of Employment Due to Death or
Disability. Subject to Section 6.6, unless otherwise determined by the Committee at the time of grant, in the event a Participant’s employment with the Company or any Subsidiary terminates by reason of death or Disability, any Options
granted to such Participant which, on or prior to the date of such termination, have become exercisable in accordance with Section 6.3, may be exercised by the Participant or the Participant’s designated beneficiary (or, if no such beneficiary
is named, in accordance with Section 9.2) at any time prior to the first anniversary of the Participant’s termination of employment or the expiration of the term of the Options, whichever period is shorter. 
  
 6.9. Termination of Employment For Cause. Unless otherwise determined
by the Committee at the time of grant, in the event a Participant’s employment with the Company or any Subsidiary is terminated for Cause, all Options granted to such Participant which are then outstanding (whether or not exercisable on or
prior to the date of such termination) shall be immediately forfeited and canceled. 
  
 6.10. Termination of Employment Due to Voluntary Resignation or For Any Other Reason. Subject to Section 6.6, unless otherwise determined by the Committee at or after the time of grant, in the event the
Participant’s employment with the Company or any Subsidiary terminates due to Voluntary Resignation or for any reason other than one described in Sections 6.7, 6.8 or 6.9, any Options granted to such Participant which, on or prior to the date
of such termination, have become exercisable in accordance with Section 6.3, may be exercised at any time during the 60 day period following the Participant’s termination of employment or the expiration of the term of such Options, whichever
period is shorter. 
  
 6.11. Termination of Options. Unless
otherwise determined by the Committee at the date of grant, upon the termination of a Participant’s employment, any Options that are not then exercisable shall terminate and be canceled effective upon the date of such termination. 

 

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 6.12. Committee Discretion. Notwithstanding anything else contained in this Section 6 to the
contrary, the Committee may permit all or any portion of any Options to be exercised following a Participant’s termination of employment for any reason on such terms and subject to such conditions not less favorable to such Participant than
those terms and conditions provided for herein or in the Option agreement evidencing the grant to such Participant of the applicable Options, as the Committee shall determine for a period up to and including, but not beyond, the expiration of the
term of such Options. 
  
 SECTION 7. 
  
 CHANGE IN CONTROL 
  
 7.1. Accelerated Vesting and Payment. Unless otherwise determined by
the Committee at the time of grant, in the event of a Change in Control, each Option that, by its terms, becomes exercisable solely upon the completion of a stated period of service (whether or not then exercisable), together with any outstanding
Options that, prior to or in connection with such Change in Control, have become exercisable in connection with the attainment of performance objectives, shall be canceled in exchange for a payment in cash by the Company to each Option holder of an
amount equal to the excess of the Change in Control Price over the exercise price for such Option (except as provided in Section 7.2 below). 
  
 7.2. Alternative Awards. Notwithstanding Section 7.1, if provided in the Option agreement evidencing the Options, no cancellation, cash settlement
or other payment shall occur with respect to any Option that would otherwise have been canceled pursuant to Section 7.1 if the Committee reasonably determines in good faith prior to the occurrence of a Change in Control that such Option shall be
honored or assumed, or new rights substituted therefor (such honored, assumed or substituted award hereinafter called an “Alternative Award”) by a Participant’s employer (or the parent or a subsidiary of such employer)
immediately following the Change in Control, provided that any such Alternative Award must: 
  
 (i) provide for the accelerated vesting of such Options that would otherwise have been canceled pursuant to Section 7.1 (to the extent not previously vested at the time of the Change in Control); 
  
 (ii) provide such Participant (or each Participant in a class of
Participants) with other rights and entitlements substantially equivalent to or better than the rights applicable under such Option, including, but not limited to, a substantially similar or better exercise or vesting schedule and substantially
similar or better timing and methods of payment; 
  

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 (iii) have substantially equivalent economic value to such Option (determined at the time of the Change
in Control); and 
  
 (iv) have terms and conditions which provide
that in the event that the Participant’s employment is involuntarily terminated following a change in control, any conditions on a Participant’s rights under, or any restrictions on transfer or exercisability (including vesting) applicable
to, each such Alternative Award shall be waived or shall lapse, as the case may be. 
  
 7.3. Conflict with Option Agreement. With respect to any Options granted hereunder that may become exercisable upon the attainment of performance objectives, in the event of a conflict between this Section 7
and the terms and conditions set forth in the Option agreement evidencing such Options, the terms and conditions set forth in the Option agreement evidencing such Options shall control. 
  
 7.4. Limitation on Benefits. Notwithstanding anything contained in the Plan or an Option agreement to the contrary
(i) to the extent that any of the payments and benefits provided for under the Plan, an applicable Option agreement or any other agreement or arrangement between the Company and a Participant (collectively, the “Payments”)
would constitute a “parachute payment” within the meaning of section 280G of the Code, the amount of such Payments shall be reduced to the amount that would result in no portion of the Payments being subject to the excise tax imposed
pursuant to section 4999 of the Code and (ii) if and to the extent any Payments in respect of the Options that vest based on the performance of a minimum period of service would, absent application of this clause (ii), be an “excess
parachute payment” within the meaning of section 280G of the Code (and the regulations promulgated thereunder), such Options shall not accelerate in the event of a Change in Control (notwithstanding Section 7.1), and shall be honored, assumed
or new rights substituted therefor by a Participant’s employer (or the parent or a subsidiary of such employer) in such Change in Control in accordance with Section 7.2. If Payments that would otherwise be reduced or eliminated, as the case may
be, pursuant to the immediately preceding sentence would not be so reduced or eliminated, as the case may be, if the shareholder approval requirements of section 280G(b)(5) of the Code are capable of being satisfied, the Company shall use its
reasonable best efforts to cause such payments to be submitted for such approval prior to the Change in Control giving rise to such payments. 
  
 SECTION 8. 
  
 AMENDMENT, MODIFICATION, AND TERMINATION OF PLAN 
  
 8.1. In General. The Committee may at its discretion at any time and from time to time alter, amend, suspend, or terminate the Plan and any
unvested Options 

  

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(but not any previously granted vested Options) in whole or in part, including without limitation, amending the criteria for vesting and exercisability set
forth in Section 6 hereof (or in any Option agreement), substituting alternative vesting and exercisability criteria and imposing certain blackout periods on Options, provided, however, that (i) such alteration, amendment, suspension or
termination shall preserve the economic value, and vesting and exercisability, as determined by the Committee in its sole good faith discretion, of any previously granted Option and (ii) the Committee shall only be permitted to alter, amend,
suspend or terminate previously granted unvested Options with the consent of the holders of a majority of such Options. 
  
 8.2. Public Offering. Unless otherwise determined by the Committee, in the event of a Public Offering, the Committee shall have the authority to
amend any outstanding Options to provide for (i) subject to Section 8.1 above, the substitution of the exercisability criteria that may relate to the Kelso Entities’ return on their investment with criteria based on stock price and
(ii) the imposition of certain blackout periods, in each case, as the Committee shall determine to be appropriate; provided, however that such amendments shall preserve the economic value, and vesting and exercisability of the Options, as
determined by the Committee in its sole good faith discretion. In exercising its authority pursuant to clause (i) of the immediately preceding sentence, the Committee shall consider the progress made towards achieving the exercisability criteria
that may relate to the Kelso Entities’ return on their investment as of the date the Committee exercises such authority. 
  
 SECTION 9. 
  
 MISCELLANEOUS PROVISIONS 
  
 9.1. Nontransferability of Awards. Unless the Committee shall permit (on such terms and conditions as it shall establish) an Option to be transferred to a Permitted Transferee, no Option granted under the Plan
may be sold, transferred, pledged, assigned or otherwise alienated or hypothecated, other than by will or by the laws of descent and distribution. All rights with respect to any Option granted to a Participant under the Plan shall be exercisable
during his lifetime only by such Participant or, if permitted by the Committee, any such Permitted Transferee. 
  
 9.2. Beneficiary Designation. Each Participant under the Plan may from time to time name any beneficiary or beneficiaries (who may be named
contingently or successively) to whom any benefit under the Plan is to be paid or by whom any right under the Plan is to be exercised in case of his death. Each designation will revoke all prior designations by the same Participant, shall be in a
form prescribed by the Committee and will be effective only when filed by the Participant in writing with the Committee during his lifetime. In the absence of any such designation, benefits 

  

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remaining unpaid or Options outstanding at the Participant’s death shall be paid to or exercisable by the Participant’s surviving spouse, if any,
or otherwise to or by his estate. 
  
 9.3. No Guarantee of
Employment or Participation; No Additional Compensation for Loss of Rights Under Plan. Nothing in the Plan shall interfere with or limit in any way the right of the Company or any Subsidiary to terminate any Participant’s employment at any
time, nor confer upon any Participant any right to continue in the employ of the Company or any Subsidiary. No Employee shall have a right to be selected as a Participant, or, having been so selected, to receive any future Option grants. If any
Participant’s employment with the Company or any Subsidiary shall be terminated for any reason, such Participant shall not be entitled to any compensation or other form of remuneration with respect to such termination (except as otherwise
provided herein) to compensate such Participant for the loss of any rights under the Plan notwithstanding any provision to the contrary in his or her contract of employment. 
  
 9.4. Tax Withholding. The Company or any Subsidiary shall have the power to withhold, or require a Participant to
remit to the Company or such Subsidiary promptly upon notification of the amount due, an amount sufficient to satisfy the statutory minimum federal, state, local and foreign withholding tax requirements with respect to any Option and the Company or
such Subsidiary may defer payment of cash or issuance or delivery of Common Stock until such requirements are satisfied. 
  
 9.5. Indemnification. Each person who is or shall have been a member of the Board or the Committee (an “Indemnified
Person”) shall be indemnified and held harmless by the Company against and from any loss, cost, liability or expense that may be imposed upon or reasonably incurred by such Indemnified Person in connection with or resulting from any
claim, action, suit or proceeding to which such Indemnified Person may be made a party or in which such Indemnified Person may be involved by reason of any action taken or failure to act under the Plan or any option agreement and against and from
any and all amounts paid by such Indemnified Person in settlement thereof, with the Company’s approval, or paid by such Indemnified Person in satisfaction of any judgment in any such action, suit or proceeding against such Indemnified Person;
provided that, such Indemnified Person acted in good faith and in a manner such Indemnified Person reasonably believed to be in or not opposed to the best interests of the Company and, with respect to any criminal proceeding had no reasonable cause
to believe his or her conduct was unlawful; provided further that, such Indemnified Person shall give the Company an opportunity, at its own expense, to handle and defend the same before such Indemnified Person undertakes to handle and defend it on
such Indemnified Person’s own behalf. The foregoing right of indemnification shall not be exclusive and shall be independent of any other rights of indemnification to which such Indemnified Person may be entitled under the Company’s
Articles of Incorporation or By-laws, by contract, as a matter of law or otherwise. 
  

 14 

 9.6. No Limitation on Compensation. Nothing in the Plan shall be construed to limit the right of
the Company to establish other plans or to pay compensation to its employees in cash or property. 
  
 9.7. Requirements of Law. The granting of Options, the exercisability of any Options and the issuance of shares of Common Stock shall be subject to
all applicable laws, rules, and regulations and to such approvals by any governmental agencies or national securities exchanges as may be required. 
  
 9.8. Governing Law. The Plan, and all agreements hereunder, shall be construed in accordance with and governed by the laws of the State of
Delaware. 
  
 9.9. No Impact On Benefits. Options granted
under the Plan are not compensation for purposes of calculating an Employee’s rights under any employee benefit plan. 
  
 9.10. Securities Law Compliance. Instruments evidencing the grant of Options may contain such other provisions, not inconsistent with the Plan, as
the Committee deems advisable, including a requirement that a Participant represent to the Company in writing, when such Participant receives shares upon exercise of an Option (or at such other time as the Committee deems appropriate) that such
Participant is acquiring such shares (unless they are then covered by an effective registration statement filed under the Act) for such Participant’s own account for investment only and with no present intention to transfer, sell or otherwise
dispose of such shares except such disposition by a legal representative as shall be required by will or the laws of any jurisdiction in winding up the estate of such Participant. Such shares shall be transferable only if the proposed transfer shall
be permissible pursuant to the Plan and if, in the opinion of counsel satisfactory to the Company, such transfer at such time will be in compliance with all applicable securities laws. 
  
 9.11. Freedom of Action. Subject to Section 7, nothing in the Plan or any agreement entered into pursuant to this
Plan shall be construed as limiting or preventing the Company or any Subsidiary from taking any action with respect to the operation or conduct of its business that it deems appropriate or in its best interest. 
  
 9.12. No Fiduciary Relationship. Nothing contained in the Plan and no
action taken pursuant to the Plan shall create or be construed to create a trust of any kind or any fiduciary relationship between the Company or any Subsidiary and any Participant or executor, administrator or other personal representative or
designated beneficiary of such Participant, or any other persons. 
  
 9.13. No Right to Particular Assets. Any reserves that may be established by the Company in connection with this Plan shall continue to be held as part 

  

 15 

 
of the general funds of the Company, and no individual or entity other than the Company shall have any interest in such funds until paid to a Participant.

  
 9.14. Unsecured Creditor. To the extent that any
Participant or his executor, administrator or other personal representative, as the case may be, acquires a right to receive any payment from the Company pursuant to this Plan, such right shall be no greater than the right of an unsecured general
creditor of the Company. 
  
 9.15. Severability of
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 this Plan shall be construed and enforced as if such provision had not been
included. 
  
 9.16. Term of Plan. This Plan shall be
effective as of Effective Date and shall expire on the tenth anniversary of such date (except as to Options outstanding on that date), unless sooner terminated pursuant to Section 8. 
  

 16Form of BCO Holding Company Nonqualified Stock Option Agreement.

 EXHIBIT 10.27 
  
 BCO Holding Company 
  
 NONQUALIFIED STOCK OPTION AGREEMENT 
  
 NON-QUALIFIED STOCK OPTION AGREEMENT, dated as of
[                    ] between BCO Holding Company, a Delaware corporation (the “Company”), and
[                    ] (the “Employee”), pursuant to the BCO Holding Company Stock Incentive Plan, as in
effect and as amended from time to time (the “Plan”). Capitalized terms that are not defined herein shall have the meanings given to such terms in the Plan. 
  
 WHEREAS, the Company desires to grant options to purchase shares of its common stock, par value $.01 per share (the
“Common Stock”) to certain key employees of the Company; 
  
 WHEREAS, the Company has adopted the Plan in order to effect such grants; and 
  
 WHEREAS, the Employee is a key employee as contemplated by the Plan, and the Committee has determined that it is in the interest of the Company to grant
these options to the Employee. 
  
 NOW, THEREFORE, in
consideration of the premises and subject to the terms and conditions set forth herein and in the Plan, the parties hereto agree as follows: 
  
 1. Confirmation of Grant, Option Price. 
  
 (a) Confirmation of Grant. The Company hereby evidences and confirms the grant to the Employee, effective as of the date hereof (the
“Grant Date”), of: 
  
 (i) options to purchase from the Company [                    ] shares of Common Stock, which shall become exercisable,
if at all, as provided in Section 2(a) (the “Service Options”);1 
  
 (ii) options to purchase from the Company
[                    ] shares of Common Stock, which shall become exercisable, if at all, as provided in Section 2(b) (the
“Performance Options”);2 and 

	1	 	40% of an Employee’s total grant will be Service Options. 

  

	2	 	10% of an Employee’s total grant will be Performance Options. 

 (iii) options to purchase from the Company
[            ] shares of Common Stock which shall become exercisable, if at all, as provided in Section 2(c) (the “Exit Options” and, together
with the Service Options and the Performance Options, the “Options”).3 
  
 (b) Option Price. The Options shall have an option price of
$[        ] per share (the “Option Price”), which is not less than the Fair Market Value per share of the Common Stock on the Grant Date. 
  
 (c) Options Subject to Plan. The Options granted pursuant to this
Agreement are subject in all respects to the Plan, all of the terms of which are made a part of and incorporated into this Agreement. By signing this Agreement, the Employee acknowledges that he has been provided a copy of the Plan and has had the
opportunity to review such Plan. 
  
 (d) Character of
Options. The Options granted hereunder are not intended to be “incentive stock options” within the meaning of section 422 of the Internal Revenue Code of 1986, as amended. 
  
 2. Exercisability. 
  
 (a) Service Options. The Service Options shall become exercisable in three equal installments on each of the first three anniversaries of the Grant
Date, subject to the Employee’s continuous employment with the Company or a Subsidiary from the Grant Date to such anniversary. Notwithstanding the foregoing, 100% of such Options shall become exercisable at the time and under the circumstances
described in Section 5. 
  
 (b) Performance Options. For
each of the five fiscal years of the Company beginning with fiscal year ending September 30, 200[  ] (collectively, the “Performance Period”), one-fifth of the Performance Options shall become exercisable if
(i) the EBITDA objectives for such fiscal year set forth on Exhibit A hereto (but which may be adjusted from time to time by the Committee (after consultation with the CEO) to reflect significant changes and developments in the Company’s
operations, including, without limitation, acquisitions or dispositions of other companies, businesses or significant product lines) are met or exceeded and (ii) the Employee either (A) is employed by the Company or any Subsidiary on
the last day of such fiscal year or (B) incurs a Special Termination (as defined in Section 4(a)) on or after the first day of the seventh month of such fiscal year, provided that in the case of the preceding clause (B), the portion of
the one-fifth installment that shall become exercisable for the year of such 

	3	 	 50% of an Employee’s total grant will be Exit Options. 

  

 2 

 
termination shall equal such one-fifth times a fraction, the numerator of which is the number of complete months the Employee was employed by the Company or
any Subsidiary in such year prior to such Special Termination and the denominator of which is twelve (12). 
  
 If any Performance Options have not become exercisable in accordance with the immediately preceding paragraph, such Performance Options shall, subject to
Section 4, become exercisable at the earliest to occur of the following dates or events: 
  
 (i) the end of any subsequent fiscal year in the Performance Period if the cumulative EBITDA objective for the period ending with the end
of such fiscal year (as set forth on Exhibit A hereto, as the same may be adjusted from time to time) is met or exceeded, provided that the Employee (A) is employed by the Company or a Subsidiary on the last day of such fiscal year or
(B) incurs a Special Termination (as defined in Section 4(a)) on or after the first day of the seventh month of such fiscal year; or 
  
 (ii) at the sole discretion of the Committee, upon the occurrence of a Change in Control. 
  
 (c) Exit Options. The Exit Options shall become exercisable, if at
all, on the date of a Change in Control or any subsequent sale, transfer or other disposition of Common Stock by the Kelso Entities (the “Vesting Event”) in which the Aggregate Share Value is at least equal to the Aggregate
Floor Value (as each such term is defined below) and the Kelso Entities shall have achieved the Investor Return (as defined below). If the Aggregate Share Value as of such Vesting Event does not exceed the Aggregate Floor Value, or if the Kelso
Entities do not achieve the Investor Return, no portion of the Exit Options shall become exercisable at such time. If the Aggregate Share Value on the date of such Vesting Event exceeds the Aggregate Floor Value, the Applicable Percentage (as
defined below) of the Exit Options shall become exercisable as of the Vesting Event. Notwithstanding the foregoing, the number of Exit Options that shall become exercisable due to any Vesting Event shall be reduced (but not below zero) by the total
number of Exit Options that have previously become exercisable due to any prior Vesting Event. If, at any time after the Grant Date, the Kelso Entities hold less than ten percent (10%) of the Common Stock, the portion of the Exit Options that have
not become exercisable prior to such time shall automatically be canceled without any payment therefor, provided that, prior to such cancellation, the Committee shall consider the number of Exit Options that have previously become exercisable, the
performance of the management team and the value of the Common Stock then held by the Kelso Entities and, in connection therewith, the Committee shall take all necessary and proper steps as it deems appropriate in its sole and absolute discretion.

  

 3 

 (d) Definitions. For purposes of this Agreement, the following terms shall have the meanings set
forth below: 
  
 The “Aggregate Floor
Value” means the product of (i) two times (ii) the cumulative amount of cash and other property invested by Kelso Entities in the Company. 
  
 The “Aggregate Maximum Value” means the product of (i) four times (ii)
the cumulative amount of cash and other property invested by Kelso Entities in the Company. 
  
 The “Aggregate Share Value” means the aggregate amount of cash and Marketable Securities received by the Kelso
Entities in connection with any Vesting Event, which shall be determined assuming that all Options issued under the Plan and outstanding at the date of the Vesting Event (but excluding Options (including, without limitation, Performance Options and
the Exit Options granted hereunder) which by their terms are canceled in conjunction with the occurrence of such Vesting Event) are exercised for cash immediately prior to the Vesting Event and that any “in the money” securities
convertible or exchangeable into, and all such other warrants, options and other rights exercisable for, shares of Common Stock are so exchanged or converted immediately prior to the Vesting Event. Aggregate Share Value shall include any cash or
Marketable Securities received prior to such Vesting Event by the Kelso Entities arising from and directly related to the Kelso Entities’ ownership of Common Stock, including, but not limited to, any Kelso Entities’ receipt of cash or
Marketable Securities in consideration for the sale of Common Stock or receipt of any cash dividend with respect to Common Stock by the Kelso Entities. 
  
 The “Applicable Percentage” means the percentage determined by dividing (i) the excess of the Aggregate
Share Value over the Aggregate Floor Value by (ii) the difference between the Aggregate Maximum Value and the Aggregate Floor Value; provided that, such percentage shall not exceed 100%. 
  
 The “Investor Return” means the
aggregate amount in cash and Marketable Securities necessary for the Kelso Entities to receive an internal rate of return, compounded annually, on their investment in the Common Stock, of at least 15%, calculated from the time of each respective
investment in the Company, taking into account the cash and Marketable Securities which have been received by the Kelso Entities (i) as dividends on the Company Stock and (ii) in consideration for the sale or transfer of the Common
Stock (which amount shall exclude any fees that Kelso & Company may receive from the Company) beneficially owned, whether directly or indirectly, by the Kelso Entities and the time when such cash and Marketable Securities are received. Investor
Return 

  

 4 

 
shall be calculated after giving full effect to the dilution of the Kelso Entities’ interest in the Company by the Options. 
  
 (e) Normal Expiration Date. Unless the Options earlier terminate in
accordance with Sections 2, 4 or 5, the Options shall terminate on the tenth anniversary of the Grant Date (the “Normal Expiration Date”). Once Options have become exercisable pursuant to this Section 2, such Options may be
exercised, subject to the provisions hereof, at any time and from time to time until the Normal Expiration Date. 
  
 (f) Calculations. All calculations required or contemplated by this Section 2 shall be made in the sole determination of the Committee in good
faith and shall be final and binding on the Company and the Employee. 
  
 3. Method of Exercise and Payment. 
  
 All or part
of the exercisable Options may be exercised by the Employee upon (a) the Employee’s written notice to the Company of exercise, (b) the Employee’s payment of the Option Price in full at the time of exercise (i) in cash
or cash equivalents, (ii) in unencumbered Shares owned by the Employee for at least six (6) months (or such longer period as is required by applicable accounting standards to avoid a charge to earnings) having a Fair Market Value on the date
of exercise equal to such Option Price, (iii) in a combination of cash and Common Stock or (iv) in accordance with such procedures or in such other form as the Committee shall from time to time determine and (c) if such Options
are exercised prior to a Public Offering, the Employee’s execution of the Securityholders Agreement and the Registration Rights Agreement in order to become a party to such agreements with respect to the shares of Common Stock issuable upon the
exercise of such Options. As soon as practicable after receipt of a written exercise notice and payment in full of the exercise price of any exercisable Options and, if applicable, receipt of evidence of the Employee’s execution of the
Securityholders Agreement and Registration Rights Agreement in accordance with this Section 3, but subject to Section 6 below, the Company shall deliver to the Employee a certificate or certificates representing the shares of Common Stock acquired
upon the exercise thereof, registered in the name of the Employee, provided that, if the Company, in its sole discretion, shall determine that, under applicable securities laws, any certificates issued under this Section 3 must bear a legend
restricting the transfer of such Common Stock, such certificates shall bear the appropriate legend. 
  
 4. Termination of Employment. 
  
 (a) Special Termination. Unless otherwise determined by the Committee, in the event that the Employee’s employment with the Company or any
Subsidiary terminates by reason of the Employee’s death, Disability or Retirement (each a “Special Termination”), then all Options held by the Employee that are exercisable as 

  

 5 

 
of the date of such Special Termination may be exercised by the Employee or the Employee’s beneficiary as designated in accordance with Section 9, or if
no such beneficiary is named, by the Employee’s estate, at any time prior to one (1) year following the Employee’s termination of employment or the Normal Expiration Date of the Options, whichever period is shorter. Upon a Special
Termination, any Options that are not then exercisable shall terminate and be canceled immediately upon such termination of employment. 
  
 (b) Termination for Cause. Unless otherwise determined by the Committee, in the event that the Employee’s employment with the Company or any
Subsidiary is terminated for Cause, all Options held by the Employee, whether or not then exercisable, shall terminate and be canceled immediately upon such termination of employment. 
  
 (c) Other Termination of Employment. Unless otherwise determined by the Committee, in the event that the
Employee’s employment with the Company or any Subsidiary terminates due to Voluntary Resignation or for any reason other than (i) a Special Termination or (ii) for Cause, then any Options held by the Employee which are exercisable
at the date of the Employee’s termination of employment shall be exercisable at any time up until the 60th day following the Employee’s termination of employment (or, in the event that the Employee dies after terminating his employment,
but within the period during which the Options would otherwise be exercisable hereunder, the 120th day after the date of the Employee’s death) or the Normal Expiration Date of the Options, whichever period is shorter, but any Options held by
the Employee that are not then exercisable shall terminate and be canceled immediately upon such termination of employment. 
  
 (d) Committee Discretion. Notwithstanding anything else contained herein to the contrary, the Committee may at any time extend the post-termination
exercise period of all or any portion of the Options up to and including, but not beyond, the Normal Expiration Date of such Options. 
  
 5. Change in Control. 
  
 (a) Accelerated Vesting and Payment. Unless the Committee shall otherwise determine in the manner set forth in Section 5(b), in the event of a
Change in Control, (i) each outstanding Service Option (regardless of whether such Service Options are at such time otherwise exercisable), (ii) each outstanding Performance Option exercisable pursuant to Section 2(b), (iii)
each outstanding Exit Option exercisable pursuant to Section 2(c), and (iv) if all of the Exit Options become exercisable pursuant to Section 2(c), each outstanding Performance Option that has not become exercisable pursuant to Section 2(b)
shall be canceled in exchange for a payment in cash of an amount equal to the excess, if any, of the Change in Control Price over the Option Price. 

  

 6 

 
The terms and conditions of Performance Options (except as provided in this Section 5(a)) and Exit Options shall not be affected in any way by reason of this
Section 5. 
  
 (b) Alternative Options. Notwithstanding
Section 5(a), no cancellation, cash settlement or other payment shall occur with respect to any Option in connection with a Change in Control if the Committee reasonably determines in good faith, prior to the occurrence of such Change in Control,
that such Option shall be honored or assumed, or new rights substituted therefor (such honored, assumed or substituted Option being hereinafter referred to as an “Alternative Option”) by the new employer, provided that
any such Alternative Option must: 
  
 (i) provide
for the accelerated vesting of such Options that would otherwise have been canceled pursuant to Section 5(a) (to the extent not previously vested at the time of the Change in Control; 
  
 (ii) provide the Employee that held such Option with other rights and entitlements substantially equivalent
to or better than the rights, terms and conditions applicable under such Option, including, but not limited to, an identical or better exercise and vesting schedule and identical or better timing and methods of payment; 
  
 (iii) have substantially equivalent economic value to such
Option (determined at the time of the Change in Control); and 
  
 (iv) have terms and conditions which provide that in the event that the Employee’s employment is involuntarily terminated following a Change in Control any conditions on the Employee’s rights under, or any
restrictions on transfer or exercisability applicable to, each such Alternative Option shall be waived or shall lapse, as the case may be. 
  
 (c) Limitation on Benefits. Notwithstanding anything contained in this Option agreement or the Plan to the contrary (i) to the extent that
any of the payments and benefits provided for under the Plan, this Option agreement or any other agreement or arrangement between the Company and the Employee (collectively, the “Payments”) would constitute a “parachute
payment” within the meaning of section 280G of the Code, the amount of such Payments shall be reduced to the amount that would result in no portion of the Payments being subject to the excise tax imposed pursuant to section 4999 of the Code and
(ii) if and to the extent any Payments in respect of the Service Options would, absent application of this clause (ii), be an “excess parachute payment” within the meaning of section 280G of the Code (and the regulations promulgated
thereunder), such Service Options shall not accelerate in the event of a Change in Control (notwithstanding Section 5(a)), and shall be honored, assumed or new rights substituted therefor by the new employer in such Change in Control in accordance

  

 7 

 
with Section 5(b). If Payments that would otherwise be reduced or eliminated, as the case may be, pursuant to the immediately preceding sentences would not
be so reduced or eliminated, as the case may be, if the shareholder approval requirements of section 280G(b)(5) of the Code are capable of being satisfied, the Company shall use its reasonable best efforts to cause such payments to be submitted for
such approval prior to the Change in Control giving rise to such payments. 
  
 6. Tax Withholding. 
  
 Whenever Common Stock is to be issued pursuant to the exercise of an Option or any cash payment is to be made hereunder, the Company or any Subsidiary shall have the power to withhold, or require the Employee to remit to the Company or such
Subsidiary, an amount sufficient to satisfy the statutory minimum federal, state, and local withholding tax requirements relating to such transaction, and the Company or such Subsidiary may defer payment of cash or issuance of Common Stock until
such requirements are satisfied. 
  
 7. Nontransferability of
Awards. 
  
 No Options granted hereby may be sold,
transferred, pledged, assigned, encumbered or otherwise alienated or hypothecated, other than by will or by the laws of descent and distribution or, on such terms and conditions as the Committee shall establish, to a Permitted Transferee. All rights
with respect to Options granted to the Employee hereunder shall be exercisable during his lifetime only by such Employee or, if permitted by the Committee, a Permitted Transferee. Following the Employee’s death, all rights with respect to
Options that were exercisable at the time of the Employee’s death and have not terminated shall be exercised by his designated beneficiary, his estate or, if permitted by the Committee, a Permitted Transferee. 
  
 8. Buyout and Settlement for Shares. 
  
 The Committee may at any time offer to buy out for a payment in cash or
shares of Common Stock an Option granted hereunder, based on such terms and conditions as the Committee shall establish and communicate to the Employee at the time that such offer is made and the Employee may decide to accept such offer, but such
Employee is not required to do so. Upon the purported exercise of any Option, in lieu of accepting payment of the exercise price therefor and delivering the number of Shares for which the Option is being exercised, the Committee may cause the
Company either (a) to pay the Employee an amount in cash equal to the amount, if any, by which the aggregate Fair Market Value of the shares of Common Stock as to which the Option is being exercised exceeds the aggregate Option Price, or
(b) to deliver to the Employee a lesser number of shares of Common Stock, having a Fair Market Value on the date of exercise, equal to the amount, if any, by which the aggregate Fair Market Value of the shares of 

  

 8 

 
Common Stock as to which the Option is being exercised exceeds the aggregate Option Price for such shares. Notwithstanding anything else contained herein to
the contrary, if the Committee exercises this authority at any time prior to a Public Offering and the date of the purported Option exercise (the “Exercise Date”) is on or after the date that is 180 calendar days after an
Appraisal Date (as defined below), (i) the Fair Market Value of any share of Common Stock shall be calculated with reference to the most recent report to the Company (an “Appraisal”) describing the conclusions of an
independent valuation consultant or appraiser of recognized national standing reasonably satisfactory to the Kelso Entities as to the value of the Common Stock as of the last day of the last ended fiscal year of the Company or such other more recent
date requested by the Company (an “Appraisal Date”) rendered prior to such Exercise Date, plus (or minus) the product of (A) the increase (decrease) in such Fair Market Value from the Appraisal Date used in such last
report to the Appraisal Date used in the next report issued following such Exercise Date and (B) a fraction, the denominator of which is the number of days in the period between the Appraisal Dates preceding and following the Exercise Date
and the numerator of which is the number of days elapsed from the earlier Appraisal Date to such Exercise Date, or (ii) the Fair Market Value of any share of Common Stock shall be calculated with reference to an updated Appraisal requested in
writing by an Employee who is receiving cash or a lesser number of shares of Common Stock pursuant to the immediately preceding sentence, and who holds on a fully diluted basis five percent (5%) or more of the fully diluted capital stock of the
Company. Upon payment of cash or distribution of shares of Common Stock pursuant to this Section 8, the Employee’s rights as to the portion of the Options which is the subject of such payment or distribution shall be deemed satisfied in full.

  
 9. Beneficiary Designation. 
  
 The Employee may from time to time name any beneficiary or beneficiaries (who
may be named contingently or successively) by whom any right under the Plan and this Agreement is to be exercised in case of his death. Each designation will revoke all prior designations by the Employee, shall be in a form reasonably prescribed by
the Committee, and will be effective only when filed by the Employee in writing with the Committee during his lifetime. If no beneficiary is named, or if a named beneficiary does not survive the Employee, Section 9.2 of the Plan shall determine who
may exercise the Employee’s rights under the Plan. 
  
 10.
Adjustment in Capitalization. 
  
 The aggregate number of
shares of Common Stock subject to outstanding Option grants, the respective prices and/or vesting criteria applicable to outstanding Options and the Original Cost, shall be proportionately adjusted to reflect, as deemed equitable and appropriate by
the Committee, (i) any stock dividend, stock split or share combination of, or extraordinary cash dividend on, the Common Stock, (ii) any 

  

 9 

 
recapitalization, reorganization, merger, consolidation, split-up, spin-off, combination, or exchange of shares affecting the Common Stock, (iii) any
issuance of any warrants or rights offering (other than any such offering under the Plan) to purchase Common Stock at a price materially below Fair Market Value, or (iv) any other similar event affecting the Common Stock. All determinations
and calculations required under this Section 10 shall be made in the sole discretion of the Committee. 
  
 11. Requirements of Law. 
  
 The issuance of shares of Common Stock pursuant to the Options shall be subject to all applicable laws, rules and regulations, and to such approvals by
any governmental agencies or national securities exchanges as may be required. No shares of Common Stock shall be issued upon exercise of any Options granted hereunder, if such exercise would result in a violation of applicable law, including the
U.S. federal securities laws and any applicable state or foreign securities laws. 
  
 12. No Guarantee of Employment. 
  
 Nothing in this Agreement shall interfere with or limit in any way the right of the Company or any Subsidiary to terminate the Employee’s employment at any time, or confer upon the Employee any right to continue in the employ of the
Company or any Subsidiary. 
  
 13. No Rights as
Stockholder. 
  
 Except as otherwise required by law, the
Employee shall not have any rights as a stockholder with respect to any shares of Common Stock covered by the Options granted hereby until such time as the shares of Common Stock issuable upon exercise of such Options have been so issued.
Notwithstanding anything else contained herein to the contrary, the exercise of any portion of the Options conveyed hereby is expressly conditioned upon the Employee becoming a party to the Securityholders Agreement and the Registration Rights
Agreement with respect to any shares of Common Stock to be acquired upon such exercise. 
  
 14. Restrictions on Sale Upon Public Offering. 
  
 Except as otherwise provided in the Registration Rights Agreement, the Employee agrees that, in the event that the Company files a registration statement under the Act with respect to a public offering of any shares
of its capital stock, the Employee will not effect any sale or distribution of any shares of the Common Stock including, but not limited to, pursuant to Rule 144 under the Act, within seven days prior to and 180 days (or such shorter period as the
managing underwriter for any underwritten offering may agree) after the effective date of the registration statement relating to such registration (the “Trigger Date”), except as part of such registration or unless, in the
case 

  

 10 

 
of a sale or distribution not involving a public offering, the transferee agrees in writing to be subject to this Section 14; provided that, with
respect to any shelf registration statement on Form S-3, the Trigger Date shall be the pricing of any offering made under such registration statement and the Employee agrees to execute a customary holdback agreement with the underwriters for any
such public offering. 
  
 15. Interpretation; Construction.

  
 Any determination, interpretation or action made or taken
(including any failure to make any determination or interpretation, or take any other action) by the Committee under or pursuant to this Agreement shall be final and conclusive on all persons affected hereby. Except as otherwise expressly provided
in the Plan, in the event of a conflict between any term of this Agreement and the terms of the Plan, the terms of the Plan shall control. 
  
 16. Amendments. 
  
 (a) In General. The Committee may, at its sole discretion, at any time and from time to time alter or amend this Agreement and the terms and
conditions of any unvested Options (but not any previously granted vested Options) in whole or in part, including without limitation, amending the criteria for vesting and exercisability set forth in Section 2 hereof, substituting alternative
vesting and exercisability criteria and imposing certain blackout periods on Options, provided, however, that (i) such alteration, amendment, suspension or termination shall preserve the economic value, and vesting and exercisability, as
determined by the Committee in its sole good faith discretion, of any previously granted Option and (ii) the Committee shall only be permitted to alter, amend, suspend or terminate previously granted unvested Options with the consent of the
holders of a majority of such Options. The Company shall give written notice to the Employee of any such alteration or amendment of this Agreement as promptly as practicable after the adoption thereof. This Agreement may also be amended by a writing
signed by both the Company and the Employee. 
  
 (b) Public
Offering. Unless otherwise determined by the Committee, in the event of a Public Offering, the Committee shall amend this Agreement and all Exit Options to provide for (i) subject to Section 16(a) above, the substitution of the
exercisability criteria set forth in Section 2(c) with criteria based on stock price and (ii) the imposition of certain blackout periods, in each case, as the Committee shall determine to be appropriate; provided, however that such amendments
shall preserve the economic value, and vesting and exercisability, as determined by the Committee in its sole good faith discretion. In exercising its authority pursuant to clause (i) of the immediately preceding sentence, the Committee shall
consider the progress made towards achieving the exercisability criteria for the Exit Options as of the date the Committee exercises such authority. 
  

 11 

 17. Miscellaneous. 
  
 (a) Notices. All notices, requests, demands, letters, waivers and other communications required or permitted to be
given under this Agreement shall be in writing and shall be deemed to have been duly given if (i) delivered personally, (ii) mailed, certified or registered mail with postage prepaid, (iii) sent by next-day or overnight mail or
delivery, or (iv) sent by fax, as follows: 
  

	 	(i)	 	If to the Company, to it: 

  
 c/o Kelso & Company 
 320 Park Avenue, 24th Floor 
 New York, New York 10022 
 Fax: 212-223-2379 
 Attention: General Counsel 
  

	 	(ii)	 	If to the Employee, to the Employee’s last known home address, 

  
 or to such other person or address as any party shall specify by notice in writing to the Company. All such notices, requests, demands, letters, waivers and other
communications shall be deemed to have been received (w) if by personal delivery on the day after such delivery, (x) if by certified or registered mail, on the fifth business day after the mailing thereof, (y) if by next-day or
overnight mail or delivery, on the day delivered, or (z) if by fax, on the day delivered, provided that such delivery is confirmed. 
  
 (b) Binding Effect; Benefits. This Agreement shall be binding upon and inure to the benefit of the parties to this Agreement and their respective
successors and assigns. Nothing in this Agreement, express or implied, is intended or shall be construed to give any person other than the parties to this Agreement or their respective successors or assigns any legal or equitable right, remedy or
claim under or in respect of any agreement or any provision contained herein. 
  
 (c) Waiver. Either party hereto may by written notice to the other (i) extend the time for the performance of any of the obligations or other actions of the other under this Agreement, (ii) waive
compliance with any of the conditions or covenants of the other contained in this Agreement and (iii) waive or modify performance of any of the obligations of the other under this Agreement. Except as provided in the preceding sentence, no
action taken pursuant to this Agreement, including, without limitation, any investigation by or on behalf of either party, shall be deemed to constitute a waiver by the party taking such action of compliance with any representations, warranties,
covenants or agreements contained herein. The waiver by either party hereto of a breach of any provision of this Agreement shall not operate or be construed as a waiver of any preceding or succeeding breach and no failure by either party to exercise
any right or 

  

 12 

 
privilege hereunder shall be deemed a waiver of such party’s rights or privileges hereunder or shall be deemed a waiver of such party’s rights to
exercise the same at any subsequent time or times hereunder. 
  
 (d) Applicable Law. This Agreement shall be governed by and construed in accordance with the law of the State of Delaware, regardless of the law that might be applied under principles of conflict of laws. 
  
 (e) Section and Other Headings. The section and other headings
contained in this Agreement are for reference purposes only and shall not affect the meaning or interpretation of this Agreement. 
  
 (f) Counterparts. This Agreement may be executed in any number of counterparts, each of which shall be deemed to be an original and all of which
together shall be deemed to be one and the same instrument. 
  

 13 

 IN WITNESS WHEREOF, the Company and the Employee have duly executed this Agreement as of the date first
above written. 
  

	BCO HOLDING COMPANY
		
	 By:
	 	  

	 	 	 Name:
 Title:

  

	EMPLOYEE
	
	 
	

	 [Employee Name]

 Exhibit A 
  
 EBITDA Objectives 
  

	 Fiscal Year

	  	EBITDA Objective

	 200[  ]
	  	$	 
	 200[  ]
	  	$	 
	 200[  ]
	  	$	 
	 200[  ]
	  	$	 
	 200[  ]
	  	$	 
	 Cumulative Total
	  	$

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00057-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00057-of-00352.parquet"}]]