Document:

exv10w1

Exhibit 10.1

DOLE FOOD COMPANY, INC.

2011 SELF-FUNDED CASH LONG TERM INCENTIVE PLAN

(Operating Document Effective January 1, 2011)

Section 1. ESTABLISHMENT AND PURPOSES.

	 	1.01	 	DOLE FOOD COMPANY, INC. (DOLE) hereby establishes the 2011
Self-Funded Cash Long Term Incentive Plan.
	 
	 	1.02	 	The purpose of this Plan is to advance the interests of DOLE by
(i) motivating special achievements by Eligible Employees upon whose judgment,
initiative and efforts DOLE is largely dependent for the successful conduct of
its business through a compensation program emphasizing long-term performance
incentives; (ii) supplementing other compensation plans; and (iii) assisting
DOLE in retaining and attracting such employees.
	 
	 	1.03	 	This Plan shall be effective as of January 1, 2011 and shall
operate on the basis of the current and succeeding Incentive Periods until such
time the Plan is amended or terminated under Section 11.

Section 2. DEFINITIONS.

As used herein, the following terms shall have the following meanings unless a
different meaning is plainly required in the context:

	 	2.01	 	“Base Year” shall mean the fiscal year immediately prior to the
Incentive Period.
	 
	 	2.02	 	“Board” shall mean the Board of Directors of DOLE.
	 
	 	2.03	 	“Committee” shall mean the Corporate Compensation and Benefits
Committee of DOLE.
	 
	 	2.04	 	“Contingent Award Amount” shall mean a contingent award to an
Eligible Employee expressed as a monetary value of the award.
	 
	 	2.05	 	“Contingent Award Percentage” shall mean a contingent award to an
Eligible Employee expressed as a percentage of such Eligible Employee’s annual
Salary at the beginning of the Incentive Period
	 
	 	2.06	 	“EBITDA” shall mean the equivalent of consolidated operating cash
flow from all DOLE business units and subsidiaries, calculated as earnings
before interest expense and income taxes plus depreciation and amortization.
EBITDA may also be adjusted for unusual, non-reoccurring cash or non-cash items
and for the pro forma effects of merger, acquisition and divestiture
transactions.
	 
	 	2.07	 	“EBITDA Performance Factor” shall mean an amount ranging from
100% to 101.14% as determined, based upon EBITDA at the end of the Incentive
Period, by applying the Performance Matrix attached as Exhibit A (as adjusted
pursuant to Section 9 or Section 12) of the Plan.

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	 	2.08	 	“Eligible Employee(s)” shall mean a Participant(s) who meets
eligibility requirements hereunder in order to receive an award under this Plan.
	 
	 	2.09	 	“Ending Value Multiplier”, with respect to any Contingent Award
Amounts, shall mean an amount determined by the EBITDA Performance Factor
	 
	 	2.10	 	“Final Award” shall mean the amount awarded pursuant to this Plan
to be paid to an Eligible Employee for the Incentive Period.
	 
	 	2.11	 	“Incentive Periods”, with respect to any Contingent Award Amounts
or Final Award, shall mean DOLE’s fiscal years 2011 through 2013 inclusive, and
each annually immediately succeeding three fiscal year period inclusive.
	 
	 	2.12	 	“Participant” shall mean an employee of DOLE or a Subsidiary who
the Committee, in its sole discretion, has designated as a Participant for the
applicable Incentive Period based on criteria that he or she is or give promise
of becoming of exceptional importance to DOLE or any Subsidiary, and of making
substantial contributions to the success, growth and profit of DOLE and its
Subsidiaries.
	 
	 	2.13	 	“Performance Matrix” shall mean the matrix attached as Exhibit A,
which is used in calculating Ending Value Multipliers under this Plan.
	 
	 	2.14	 	“Plan” shall mean this Long Term Incentive Plan, as it may be
amended from time to time. The Plan constitutes the current operating document
for the administration of the Plan adopted effective January 1, 2011.
	 
	 	2.15	 	“Retirement” shall mean the termination of a Participant’s
employment with DOLE or a Subsidiary under circumstances where the Participant
terminates when either reaching at least (a) age 55 with 5 years of regular,
full-time service or (b) age 65, with no minimum service requirement.
	 
	 	2.19	 	“Salary” shall mean annual base salary of the Participant on January 1, 2011.
	 
	 	2.20	 	“Subsidiary” or “Subsidiaries” shall mean any corporation(s) in
which DOLE or any Subsidiary (as defined hereby) owns, at the time of making a
Contingent Award Amount hereunder, stock possessing more than 50 percent of the
total combined voting power of all classes of stock in such corporation.
	 
	 	2.21	 	“Involuntary Termination without Cause” shall mean a termination
which results from a workforce reduction, elimination of operations or job
elimination, or a termination without cause. “Cause” shall mean, with respect
to any Eligible Employee, a good faith determination by DOLE that the Eligible
Employee is guilty of dishonesty, a violation of any state or federal law or the
law of any sovereignty in which DOLE or its subsidiaries have operations, a
violation DOLE’S Code of Conduct, or failure to perform his or her duties to
establish standards after notice and failure to improve.

Section 3. ELIGIBILITY.

	 	3.01	 	Contingent Award Amounts and Final Awards may be made only to
Eligible Employees.

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	 	3.02	 	No member of the Committee or the Board who is not an employee of
DOLE or of a Subsidiary shall be an Eligible Employee.
	 
	 	3.03	 	In order for a Participant to become an Eligible Employee, the
Participant must also:

	 	§	 	Be hired for or promoted to a regular, full-time eligible position,
as defined the Company, by the start of the Company’s fourth fiscal
quarter of the first year of the Incentive Period;
	 
	 	§	 	Be on the payroll and actively employed, or on an approved, paid
flexible time off, or on a leave which has been designated as “family
leave” under federal or California law, as of the expiration of
Incentive Period under the Plan.

	 	3.04	 	If an Eligible Employee is on an approved leave of absence that
extends beyond a leave which has been designated as “family leave” under federal
or California law, the Contingent Award Percentage for that Eligible Employee
will be pro-rated to exclude the time on approved leave that exceeds the leave
period provided for under “family leave”.

Section 4. ADMINISTRATION.

	 	4.01	 	The Plan shall be administered by the Committee.
	 
	 	4.02	 	The Committee shall be vested with full authority to make such
rules and regulations as it deems necessary to administer the Plan and to
interpret the provisions of the Plan. The Committee has the authority to
consider unusual, non-recurring cash and non-cash items and the pro forma
effects of merger, acquisition and divestiture transactions that occurred during
the Incentive Period and is provided with discretion to include or exclude such
items and effects in deriving the calculation of awards under the Plan. Any
determination, decision or action of the Committee in connection with the
construction, interpretation, administration or application of the Plan shall be
final, conclusive and binding upon all Eligible Employees, Participants and any
and all persons claiming under or through any Eligible Employee or Participant,
unless otherwise determined by the Board.
	 
	 	4.03	 	Any determination, decision or action of the Committee provided
for in this Plan may be made or taken by action of the Board if the Board so
determines, with the same force and effect as if such determination, decision or
action had been made or taken by the Committee. No member of the Committee or
Board shall be liable for any determination, decision or action made in good
faith with respect to the Plan or any Contingent Award Amounts. The fact that a
member of the Committee or Board shall at the time be, or shall theretofore have
been or thereafter may be, an Eligible Employee or a Participant shall not
disqualify him or her from taking part in and voting at any time as a member of
the Committee or Board in favor of or against any amendment of the Plan.
	 
	 	4.04	 	With respect to any Incentive Period, the attached Performance
Matrix may be modified by the Committee in its sole discretion. Specifically,
to measure performance of DOLE and to determine the Performance Matrix for any
Incentive Period, the Committee may, no later than 90 days after the
commencement of any Incentive Period, select from among any number of business
criteria or measures including business growth and return of investment criteria
in the computation of awards and establish specific objective numeric goals
relating to those measures. If

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	 	 	 	no Performance Matrix has been approved within
the first 90 days of the Incentive Period, the Performance Matrix that had been
approved for the immediately preceding Incentive Period shall be deemed adopted
for the current Incentive Period. Following this 90-day period, the Performance
Matrix may be modified by the Committee only if such action does not increase
the payment opportunity under the Plan.

Section 5. CONTINGENT AWARD AMOUNTS.

	 	5.01	 	The Committee may, from time to time, in its sole discretion,
award to each Eligible Employee a Contingent Award Amount, determined based on
such Eligible Employee’s Contingent Award Percentage multiplied by the Eligible
Employee’s annual Salary at the beginning of the Incentive Period. The
Committee shall cause notice to be given to each Participant of his or her
selection as soon as practicable following the making of a Contingent Award
Amount as an Eligible Employee.
	 
	 	5.02	 	The Contingent Award Percentage for the Eligible Employees shall
be the percentages set out with respect to each such Participant identified in
the Plan list of Participants approved by the Committee.

Section 6. FINAL AWARDS.

	 	6.01	 	The Final Award for an Eligible Employee shall be determined by
multiplying such Eligible Employee’s Salary by the EBITDA Performance Factor
that applies in the Incentive Period. For example, if the EBITDA Performance
Factor were 25%, the Eligible Employee with a Salary of $200,000 would have a
Final Award of $50,000.

Section 7. CONDITIONS.

The Committee shall make the final determination of the EBITDA achieved for the
Incentive Period, the Ending Value Multiplier and any Final Awards.

Section 8. DETERMINATION AND PAYMENT OF FINAL AWARDS.

	 	8.01	 	If the Ending Value Multiplier as computed and adjusted in
accordance with Sections 6 and 7 is zero, no payment shall be made, any
Contingent Award Amount shall terminate and all rights hereunder shall cease.
	 
	 	8.02	 	Subject to Sections 7, 9 and 12 hereof, any Final Award for an
Eligible Employee shall be paid in cash in a lump sum (subject to withholding
requirements, as applicable) as soon as practicable after determination thereof
but no later than 90 days following the end of the Incentive Period.
	 
	 	8.03	 	Subject to Sections 7, 9 and 12 hereof , notwithstanding the
foregoing provisions of this Section 8, if after the first year of an Incentive
Period, DOLE achieves and maintains one hundred one and fourteenth’s percent
(101.14%) of the target EBITDA for the Incentive Period for six (6) continuous
months, then the Final Award for an Eligible Employee shall be determined and
paid in cash in a lump sum (subject to withholding requirements, as applicable)
as soon as practicable after such performance is achieved, but no later than the
15th day of the third month following the end of the year in which
such performance was achieved. Upon achievement of the performance contemplated
by this Section, the Incentive Period shall end.

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Section 9. TERMINATION OF EMPLOYMENT.

	 	9.01	 	Except as otherwise provided in Section 9.02 below, if an
Eligible Employee does not remain continuously in the employ of DOLE or a
Subsidiary until the expiration of the Incentive Period with respect to any
Contingent Award Amount, such Contingent Award Amount shall terminate and all
rights hereunder shall cease.
	 
	 	9.02	 	If the employment of an Eligible Employee with DOLE or a
Subsidiary terminates during the Incentive Period due to his or her death,
disability, Retirement or Involuntary Termination without Cause, the Committee
shall determine the Final Award, if any, to be made with respect to such
Eligible Employee under the following method:
	 
	 	 	 	The amount of award that would have resulted from the calculations under
Sections 6, 7 and 8 shall be multiplied by a fraction, the numerator of which
shall be the number of months (or fraction thereof) of the Incentive Period
during which the Eligible Employee was an employee of DOLE or Subsidiary, and
the denominator of which shall be 36. This calculation and the payment of
any resulting Final Award necessarily must be paid after the termination of
the Incentive Period in accordance with Section 8.02 or 8.03.

Section 10. NON-TRANSFERABILITY OF CONTINGENT AWARD.

No Contingent Award Amount shall be sold, assigned, transferred, encumbered,
hypothecated or otherwise anticipated by an Eligible Employee. During the lifetime
of an Eligible Employee, any payment shall be payable only to the Eligible Employee;
or in the case of death of an Eligible Employee, any payment shall be payable to the
designated beneficiary.

Section 11. LIMITATIONS.

The Board or the Committee may, at any time, terminate or at any time and from time
to time amend, modify or suspend this Plan; provided that no such amendment,
modification, suspension or termination of this Plan shall in any manner adversely
affect any Contingent Award Amount or Final Award theretofore made or accrued under
the Plan without the consent of the Eligible Employee.

Participation in this Plan shall not be construed as constituting a commitment,
guarantee, agreement or understanding of any kind that DOLE or any Subsidiary shall
continue to employ any individual.

Section 12. CHANGES IN CAPITALIZATION.

In the event of a dissolution or liquidation of DOLE, or a merger or consolidation in
which DOLE is not the surviving corporation, the calculation of any Final Awards for
the then current Incentive Period that will end after such event shall be determined
as if the Incentive Period ended on the date of such event and the greater of (1) the
Ending Value Multiplier of

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100% or (2) the actual Ending Value Multiplier (determined
in an equitable manner by the Committee making appropriate adjustments to the
Financial Performance Factors in the Performance Matrix in order to take account of
the shortened Incentive Period) shall be used in calculating the Final Awards under
this Plan, notwithstanding any other provisions of this Plan. To determine the Final
Awards calculated pursuant to this Section 12, Contingent Award Amounts multiplied by
the applicable Ending Value Multiplier shall be multiplied by a fraction, the
numerator of which shall be the number of months (or fractions thereof) of the
Incentive Period through the date of such event, and the denominator of which shall
be 36. The Final Award for each Eligible Employee determined pursuant to this
Section 12 shall be paid to each such Eligible Employee as soon as administratively
feasible but no later than 30 days of the end of the shortened Incentive Period.

Section 13. GOVERNING LAW.

This Plan, any Contingent Award Amounts and any Final Awards hereunder, and all other
related matters shall be governed by, and construed in accordance with the laws of
the State of California, except as to matters of federal law.

Section 14. CODE SECTION 409A

	 	14.01	 	It is intended that any Final Awards payable pursuant to this
Plan shall avoid any “plan failures” within the meaning of Internal Revenue Code
(“Code”) section 409A (a)(1). The Plan is to be interpreted and administered in
a manner consistent with this intention. However, no guarantee or commitment is
made that the Plan shall be administered in accordance with the requirements of
Code section 409A.

Section 15. REQUIRED DELAY IN PAYMENT ON ACCOUNT OF A SEPARATION FROM SERVICE

	 	15.01	 	Notwithstanding any other provision in this Plan, if any
Eligible Employee is a “specified employee,” as of the date of his or her
“Separation from Service” (as defined in authoritative IRS guidance under Code
section 409A), then, to the extent required by Treasury Regulations section
1.409A-3(i)(2), any payment made to the Eligible Employee on account of his or
her Separation from Service shall not be made before a date that is six months
after the date of his or her Separation from Service. The Committee may elect
any of the methods of applying this rule that are permitted under Treasury
Regulations section 1.409A-3(i)(2)(ii).
	 
	 	 	 	“Specified employee” has the meaning ascribed to that term in Treasury
Regulations section 1.409A-1(i), which generally means that an individual is:

	 	1.	 	Among the 50 highest paid officers above
the applicable threshold amount ($150,000 for 2010) as of the
determination date in accordance with Section 409A requirements;
	 
	 	2.	 	An employee holding 5% of the Company’s
stock; or
	 
	 	3.	 	An employee earning a threshold ($150,000
for 2010) or greater amount of compensation and holding 1% of the
Company’s stock.

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Exhibit 10.2

DOLE FOOD COMPANY, INC.

GRANT NOTICE FOR 2009 STOCK INCENTIVE PLAN

PERFORMANCE SHARES

FOR GOOD AND VALUABLE CONSIDERATION, Dole Food Company, Inc. (the “Company”), hereby grants to
Participant named below the number of performance shares specified below (the “Award”), upon the
terms and subject to the conditions set forth in this Grant Notice, the Dole Food Company, Inc.
2009 Stock Incentive Plan (the “Plan”) and the Standard Terms and Conditions (the “Standard Terms
and Conditions”) adopted under such Plan and provided to Participant, each as amended from time to
time. Each performance share subject to this Award represents the right, pursuant to Section 9 of
the Plan, to receive one share of the Company’s common stock, par value $0.001 (the “Common
Stock”), subject to the conditions set forth in this Grant Notice, the Plan and the Standard Terms
and Conditions. This Award is granted pursuant to the Plan and is subject to and qualified in its
entirety by the Standard Terms and Conditions.

	 	 	 

	Name of Participant:
	 	 
	 
	 	 
	Grant Date:

	 	November 29, 2010
	 
	 	 
	Target number of performance shares
subject to the Award:
	 	 
	 
	 	 
	Performance Cycle:

	 	January 1, 2011 to December 31, 2013
	 
	 	 
	Vesting Schedule:

	 	The Award vests with respect to
earned performance shares on the date
the Administrator certifies the
achievement of the performance-based
vesting criteria
	 
	 	 
	Performance-Based Vesting Criteria

	 	The number of performance shares
earned will be determined based on
the performance criteria and schedule
set forth on Attachment A hereto

By accepting this Grant Notice, Participant acknowledges that he or she has received and read, and
agrees that this Award shall be subject to, the terms of this Grant Notice, the Plan and the
Standard Terms and Conditions.

	 	 	 	 	 	 	 	 	 

	DOLE FOOD COMPANY, INC.	 	 	 	 	 	 
	 

	 	 	 	 	 	 

Participant Signature
	 	 
	By

	 	 

	 	 	 	 	 	 
	Title:

	 	 	 	 	 	Address (please print):	 	 
	 

	 	 

	 	 	 	 	 	 
	 

	 	 	 	 	 	 

	 	 
	 

	 	 	 	 	 	 

	 	 
	 

	 	 	 	 	 	 

	 	 

 

 

DOLE FOOD COMPANY, INC.

STANDARD TERMS AND CONDITIONS FOR

PERFORMANCE SHARES

These Standard Terms and Conditions apply to the Award of performance shares granted pursuant
to the Dole Food Company, Inc. 2009 Stock Incentive Plan (the “Plan”), which are evidenced by a
Grant Notice or an action of the Administrator that specifically refers to these Standard Terms and
Conditions. In addition to these Terms and Conditions, the performance shares shall be subject to
the terms of the Plan, which are incorporated into these Standard Terms and Conditions by this
reference. Capitalized terms not otherwise defined herein shall have the meaning set forth in the
Plan.

	1.	 	TERMS OF PERFORMANCE SHARES
	 
	 	 	Dole Food Company, Inc., a Delaware corporation (the “Company”), has granted to the
Participant named in the Grant Notice (including Attachment A thereto) provided to said
Participant herewith (the “Grant Notice”) an opportunity to earn a target number of
performance shares (the “Award” or the “Performance Shares”) specified in the Grant Notice.
Each Performance Share represents the right, pursuant to Section 9 of the Plan, to receive
one share of the Company’s common stock, $0.001 par value per share (the “Common Stock”),
upon the terms and subject to the conditions set forth in the Grant Notice, these Standard
Terms and Conditions, and the Plan, each as amended from time to time. For purposes of
these Standard Terms and Conditions and the Grant Notice, any reference to the Company shall
include a reference to any Subsidiary.
	 
	2.	 	VESTING OF PERFORMANCE SHARES
	 
	 	 	The Award shall not be vested as of the Grant Date set forth in the Grant Notice and shall
be forfeitable unless and until otherwise vested pursuant to the terms of the Grant Notice
and these Standard Terms and Conditions. After the Grant Date, subject to termination or
acceleration as provided in these Standard Terms and Conditions and the Plan, the Award
shall become vested as described in the Grant Notice with respect to that number of
Performance Shares earned as set forth in the Grant Notice and Attachment A thereto.
Notwithstanding anything contained in these Standard Terms and Conditions to the contrary,
upon the Participant’s Termination of Employment for any reason (including by reason of
death, Retirement or Disability), any then unvested Performance Shares (after taking into
account any accelerated vesting under Section 12 of the Plan or any other agreement between
the Participant and the Company (including any accelerated vesting to which the Participant
is entitled in the event of a “Qualified Termination” under a Change of Control Agreement
between the Participant and the Company), if applicable) held by the Participant shall be
forfeited and canceled as of the date of such Termination of Employment.
	 
	3.	 	SETTLEMENT OF PERFORMANCE SHARES
	 
	 	 	Earned and vested Performance Shares shall be settled by the delivery to the Participant or
a designated brokerage firm of one share of Common Stock per earned and vested

 

 

	 	 	Performance Share as soon as reasonably practicable following the vesting of such
Performance Shares, and in all events no later than March 15 of the year following the year
in which the Performance Cycle (as set forth in the Grant Notice) ends (unless delivery is
deferred pursuant to a nonqualified deferred compensation plan in accordance with the
requirements of Section 409A of the Code).
	 
	4.	 	RIGHTS AS STOCKHOLDER
	 
	 	 	The Participant shall have no voting rights or the right to receive any dividends with
respect to shares of Common Stock underlying earned or unearned Performance Shares unless
and until such shares of Common Stock are reflected as issued and outstanding shares on the
Company’s stock ledger.
	 
	5.	 	RESTRICTIONS ON RESALES OF SHARES
	 
	 	 	The Company may impose such restrictions, conditions or limitations as it determines
appropriate as to the timing and manner of any resales by the Participant or other
subsequent transfers by the Participant of any Common Stock issued in respect of earned and
vested Performance Shares, including without limitation (a) restrictions under an insider
trading policy, (b) restrictions designed to delay and/or coordinate the timing and manner
of sales by Participant and other holders and (c) restrictions as to the use of a specified
brokerage firm for such resales or other transfers.
	 
	6.	 	INCOME TAXES
	 
	 	 	The Company shall not deliver shares in respect of any earned Performance Shares unless and
until the Participant has made arrangements satisfactory to the Administrator to satisfy
applicable withholding tax obligations. Unless the Participant pays the withholding tax
obligations to the Company by cash or check in connection with the delivery of the Common
Stock, withholding may be effected, at the Company’s option, by withholding Common Stock
issuable in connection with the vesting of the Performance Shares (provided that shares of
Common Stock may be withheld only to the extent that such withholding will not result in
adverse accounting treatment for the Company). The Participant acknowledges that the
Company shall have the right to deduct any taxes required to be withheld by law in
connection with the delivery of the Performance Shares from any amounts payable by it to the
Participant (including, without limitation, future cash wages).
	 
	7.	 	NON-TRANSFERABILITY OF AWARD
	 
	 	 	The Participant represents and warrants that the Performance Shares and any shares of Common
Stock issued in respect of the Performance Shares are being acquired by the Participant
solely for the Participant’s own account for investment and not with a view to or for sale
in connection with any distribution thereof. The Participant further understands,
acknowledges and agrees that, except as otherwise provided in the Plan or as permitted by
the Administrator, the Performance Shares may not be sold, assigned, transferred, pledged or
otherwise directly or indirectly encumbered or disposed of.

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	8.	 	OTHER AGREEMENTS SUPERSEDED
	 
	 	 	The Grant Notice, these Standard Terms and Conditions and the Plan constitute the entire
understanding between the Participant and the Company regarding the Performance Shares. Any
prior agreements, commitments or negotiations concerning the Performance Shares are
superseded.
	 
	9.	 	LIMITATION OF INTEREST IN SHARES SUBJECT TO PERFORMANCE SHARES
	 
	 	 	Neither the Participant (individually or as a member of a group) nor any beneficiary or
other person claiming under or through the Participant shall have any right, title,
interest, or privilege in or to any shares of Common Stock allocated or reserved for the
purpose of the Plan or subject to the Grant Notice or these Standard Terms and Conditions
except as to such shares of Common Stock, if any, as shall have been issued to such person
upon vesting of the Performance Shares. Nothing in the Plan, in the Grant Notice, these
Standard Terms and Conditions or any other instrument executed pursuant to the Plan shall
confer upon the Participant any right to continue in the Company’s employ or service nor
limit in any way the Company’s right to terminate the Participant’s employment at any time
for any reason.
	 
	10.	 	GENERAL
	 
	 	 	In the event that any provision of these Standard Terms and Conditions is declared to be
illegal, invalid or otherwise unenforceable by a court of competent jurisdiction, such
provision shall be reformed, if possible, to the extent necessary to render it legal, valid
and enforceable, or otherwise deleted, and the remainder of these Standard Terms and
Conditions shall not be affected except to the extent necessary to reform or delete such
illegal, invalid or unenforceable provision.
	 
	 	 	The headings preceding the text of the sections hereof are inserted solely for convenience
of reference, and shall not constitute a part of these Standard Terms and Conditions, nor
shall they affect its meaning, construction or effect.
	 
	 	 	These Standard Terms and Conditions shall inure to the benefit of and be binding upon the
parties hereto and their respective permitted heirs, beneficiaries, successors and assigns.
	 
	 	 	These Standard Terms and Conditions shall be construed in accordance with and governed by
the laws of the State of Delaware, without regard to principles of conflicts of law.
	 
	 	 	In the event of any conflict between the Grant Notice, these Standard Terms and Conditions
and the Plan, the Grant Notice and these Standard Terms and Conditions shall control. In
the event of any conflict between the Grant Notice and these Standard Terms and Conditions,
the Grant Notice shall control.

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	 	 	All questions arising under the Plan or under these Standard Terms and Conditions shall be
decided by the Administrator in its total and absolute discretion.
	 
	11.	 	ELECTRONIC DELIVERY
	 
	 	 	By executing the Grant Notice, the Participant hereby consents to the delivery of
information (including, without limitation, information required to be delivered to the
Participant pursuant to applicable securities laws) regarding the Company and the
Subsidiaries, the Plan, and the Performance Shares via Company web site or other electronic
delivery.

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Attachment A

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