Document:

EX-10.12

 Exhibit 10.12 

GE HEALTHCARE TECHNOLOGIES INC. MIRROR 2022 LONG-TERM INCENTIVE PLAN 

Section I. Purpose 
 The purpose of this GE HealthCare
Technologies Inc. Mirror 2022 Long-Term Incentive Plan is to assume on the Effective Date (as defined below), as a result of the spin-off of GE’s healthcare business (the
“Spin-Off”), awards in GE HealthCare Technologies Inc. as a result of the conversion of awards originally issued by General Electric Company (including any of its subsidiaries or affiliates,
“GE”) under the GE 2022 Long-Term Incentive Plan, as amended from time to time (the “GE 2022 LTIP”) (such awards assuming the maximum achievement of performance metrics with respect to any GE performance-based awards, the “Spin-Off Awards”), to (i) certain current and former employees of GE and its affiliates as of the Spin-Off (“GE Participants”) and (ii) certain
employees of GE HealthCare Technologies Inc. and its Affiliates as of the Spin-Off (“GE HealthCare Participants”, and together with GE Participants,
“Spin-Off Participants”). Notwithstanding anything herein to the contrary, other than the Spin-Off Awards, no Awards (as defined below) shall be granted under
this GE HealthCare Technologies Inc. Mirror 2022 Long-Term Incentive Plan following the Effective Date. 
 Each
Spin-Off Participant’s rights under this Plan are intended to be the same as such Spin-Off Participant’s rights under the GE 2022 LTIP immediately prior to the
Effective Date. For the avoidance of doubt, (i) each Spin-Off Participant’s service with GE prior to the Effective Date shall be credited for purposes of such
Spin-Off Participant’s respective Spin-Off Awards, (ii) no Spin-Off Participant shall be treated as incurring a
Termination of Employment (as defined below), Separation from Service (as defined below), retirement or similar event for purposes of vesting, settlement, forfeiture or any other purpose under this Plan solely as a result of the Spin-Off and (iii) any Spin-Off Participant whose employment is terminated from GE or GE HealthCare Technologies Inc. (or its subsidiaries or affiliates), as applicable,
shall be deemed to have a Termination of Employment and Separation from Service under this Plan, even if such Spin-Off Participant is subsequently hired by GE HealthCare Technologies Inc. (or its subsidiaries
or affiliates) or GE, as applicable. 
 Notwithstanding anything herein to the contrary, with respect to any GE Participant, (i) all determinations
with respect to the employment, status of employment or characterization of termination of employment shall be made by GE, and (ii) with respect to the definitions of “Cause,” “Disability,” “Good Reason,”
“Retirement” and “Termination of Employment” and the provisions of Section XXI, references to (A) the “Company” shall refer to “GE,” (B) the “Committee” shall refer to the Management Development
and Compensation Committee of the Board of Directors of GE (or its successor) and (C) “Affiliate” shall refer to any company or business entity under the direct or indirect control of GE, and any company or business entity in which GE has
a 50% or more interest, in each case, as determined by the GE Committee. 

 Section II. Definitions 

As used in the Plan, the following terms shall have the meanings set forth below: 
  

	(a)	 “Act” means the Securities Exchange Act of 1934. 

 

	(b)	 “Affiliate” means any company or business entity under the direct or indirect control of the Company,
and any company or business entity in which the Company has a 50% or more interest, in each case, as determined by the Committee. 

  

	(c)	 “Award” means an Option, Stock Appreciation Right, Restricted Stock, Restricted Stock Unit,
Performance Award or Other Stock-Based Award, or any combination of these, granted to a Participant pursuant to the provisions of the Plan. 

  

	(d)	 “Award Agreement” means a written or electronic agreement or other instrument implementing the grant
of each Award. An Award Agreement may be in the form of an agreement to be executed by the Participant (or both the Participant and an authorized representative of the Company), or in the form of certificates, notices or similar instruments as
approved by the Committee and designated as such. 

  

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

 

	(f)	 “Cause” means, except as otherwise provided in an Award Agreement, as determined in the sole
discretion of the Committee, the Participant’s: 

  

	 	(i)	 breach of the Employee Innovation and Proprietary Information Agreement or any other confidentiality, non-solicitation or non-competition agreement with the Company or any Affiliate, or breach of a material term of any other agreement between the Participant and the Company or
any Affiliate; 

  

	 	(ii)	 engagement in conduct that results in, or has the potential to cause, material harm financially,
reputationally, or otherwise to the Company or any Affiliate; 

  

	 	(iii)	 commission of an act of dishonesty, fraud, embezzlement or theft; 

 

	 	(iv)	 conviction of, or plea of guilty or no contest to a felony or crime involving moral turpitude; or

  

	 	(v)	 failure to comply with the Company’s or any Affiliate’s policies and procedures, including but not
limited to the Company’s code of conduct. 

 A Participant’s employment or service will be deemed to have been
terminated for Cause if the Committee determines subsequent to such termination that Cause existed at the time of such termination. 
  

	(g)	 “Change in Control” means, except as otherwise provided in an Award Agreement, the occurrence of any
one of the following events: 

  
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	 	(i)	 a transaction or series of transactions (other than an offering of Common Stock to the general public through a
registration statement filed with the Securities and Exchange Commission) whereby a Person directly or indirectly acquires beneficial ownership (within the meaning of Rule 13d-3 promulgated under the Act) of
50% or more of either (A) the then-outstanding shares of Common Stock (the “Outstanding Shares”) or (B) the combined voting power of the then-outstanding voting securities of the Company entitled to vote generally in the election
of directors (the “Outstanding Voting Securities”); 

  

	 	(ii)	 the consummation of a reorganization, merger or consolidation, or sale or other disposition of all or
substantially all of the Company’s assets (a “Business Combination”), unless following such Business Combination all or substantially all of the beneficial owners of the Outstanding Shares or Outstanding Voting Securities immediately
prior to the Business Combination beneficially own (directly or indirectly) more than 50% of the then-outstanding shares of common stock or combined voting power of the then-outstanding voting securities entitled to vote generally in the election of
directors of the entity resulting from the business combination (including an entity that as a result of the Business Combination owns (directly or indirectly) the Company or all or substantially all of the Company’s assets in substantially the
same proportions as their ownership immediately prior to the Business Combination). 

 For the avoidance of doubt, a public
offering, internal restructuring or transfer of Common Stock or assets to any Affiliate and the Spin-Off will not be treated as a Change in Control. 

 

	(h)	 “Change in Control Price” means the amount determined by the Committee in its sole discretion based
on the following clauses, whichever the Committee determines is applicable, as follows: (i) the price per share offered to holders of Common Stock in any merger or consolidation, tender offer or exchange offer whereby a Change in Control takes
place (ii) the per share Fair Market Value of the Common Stock immediately before the Change in Control, without regard to assets sold in the Change in Control and assuming the Company has received the consideration paid therefor, or
(iii) the value per share of the Common Stock that may otherwise be obtained with respect to such Awards or to which such Awards track, as determined by the Committee as of the date of cancellation and surrender of such Awards. In the event
that the consideration offered to shareholders of the Company in a Change in Control consists of anything other than cash, the Committee shall determine in its sole discretion the fair cash equivalent of such
non-cash consideration. 

  

	(i)	 “Code” means the Internal Revenue Code of 1986. 

 

	(j)	 “Committee” means the Talent, Culture, and Compensation Committee of the Board (or its successor) or
such other committee as designated by the Board to administer the Plan. 

  
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	(k)	 “Common Stock” means the common stock of the Company, $0.01 par value per share, or such other class
or kind of shares or other securities as may be applicable under Section XV. 

  

	(l)	 “Company” means GE HealthCare Technologies Inc. (a Delaware corporation) and, except as utilized in
the definition of Change in Control, any successor corporation. 

  

	(m)	 “Disability” means, except as otherwise provided in an Award Agreement, the Participant is unable to
engage in any substantial gainful activity by reason of any medically determinable physical or mental impairment that can be expected to result in death or can be expected to last for a continuous period of not less than 12 months. A determination
of Disability shall be made by the Committee on the basis of such medical evidence as the Committee deems warranted under the circumstances, and in this respect, Participants shall submit to an examination by a physician upon request by the
Committee. 

  

	(n)	 “Dividend Equivalent” means an amount payable in cash or Common Stock, as determined by the
Committee, equal to the dividends that would have been paid to the Participant if the share of Common Stock with respect to which the Dividend Equivalent relates had been owned by the Participant. 

 

	(o)	 “Eligible Person” means any Spin-Off Participant; provided,
however, that Incentive Stock Options may only be granted to employees of the Company or any of its “subsidiary corporations” within the meaning of Section 424 of the Code. 

 

	(p)	 “FASB ASC Topic 718” means the Financial Accounting Standards Board Accounting Standards Codification
Topic 718 or any successor accounting standard. 

  

	(q)	 “Fair Market Value” means as of any date, (i) the closing sales price of a share of Common Stock
as quoted on the National Association of Securities Dealers Automatic Quotation System or such other source as the Committee deems reliable (or, if no sale of Common Stock is reported for such date, on the next preceding date on which any sale is
reported), or (ii) in the absence of an established market for the Common Stock, the value determined in good faith by the Committee by the reasonable application of a reasonable valuation method, taking into account factors consistent with
Treasury Department regulation 1.409A-1(b)(5)(iv)(B) as the Committee deems appropriate. 

  

	(r)	 “Good Reason” means, except as otherwise provided in an Award Agreement, any of the following, in
each case, without the Participant’s consent: (i) a material reduction in the Participant’s base salary, (ii) a material breach by the Company or its Affiliate of any material provision of any agreement between the Participant
and the Company or its Affiliate, or (iii) a material diminution in the Participant’s title, authority, duties, responsibilities or reporting relationships; provided, however, that the Termination of Employment or Separation from Service
shall not be for Good Reason unless: (A) the Participant has provided written notice to the Chief Human Resources Officer of the Company of the existence of the circumstances providing grounds for termination for Good Reason within 30 calendar
days of the date the Participant first becomes aware of such circumstances, (B) the Company or its Affiliate has been given at least 30 calendar 

  
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days from the date on which such notice is provided to cure such circumstances (the “cure period”), and (C) the Termination of Employment or Separation from Service occurs within
30 calendar days following the Company’s or Affiliate’s failure to cure such circumstances within the cure period. For the avoidance of doubt, the Spin-Off or the sale, disposition or spin-off of any one or more businesses of the Company or its Affiliates, or any transaction following which the Company’s (or its successor’s) common equity is not publicly traded on a nationally
recognized securities exchange or through a national market quotation service, shall not be deemed a material reduction in the Participant’s title, authority, duties, responsibilities or reporting relationships. 

 

	(s)	 “Incentive Stock Option” means an Option that is intended to qualify as an “incentive stock
option” within the meaning of Section 422 of the Code. 

  

	(t)	 “Nonqualified Stock Option” means an Option that is not intended to qualify as an “incentive
stock option” within the meaning of Section 422 of the Code. 

  

	(u)	 “Option” means a right to purchase a number of shares of Common Stock at such exercise price, at such
times and on such other terms and conditions as are specified in or determined pursuant to an Award Agreement. Options granted pursuant to the Plan may be Incentive Stock Options or Nonqualified Stock Options. 

 

	(v)	 “Other Stock-Based Award” means an Award granted to an Eligible Person as described in Section XI.

  

	(w)	 “Participant” means any Spin-Off Participant.

  

	(x)	 “Performance Award” means an Award described in Section XII pursuant to which a Participant may
become entitled to receive an amount based on satisfaction of such performance criteria established for such performance period as specified in the Award Agreement. 

 

	(y)	 “Person” shall have the meaning given in Section 3(a)(9) of the Act, as modified and used in
Sections 14(d) and 15(d) thereof, except that such term shall not include (i) the Company or any Affiliate, (ii) a trustee or other fiduciary holding securities under an employee benefit plan of the Company or any Affiliate, (iii) an
underwriter temporarily holding securities pursuant to an offering of such securities or (iv) a corporation owned, directly or indirectly, by the shareholders of the Company in substantially the same proportions as their ownership of stock of
the Company. 

  

	(z)	 “Plan” means this GE HealthCare Technologies Inc. Mirror 2022 Long-Term Incentive Plan.

  

	(aa)	 “Restricted Stock” means an Award or issuance of Common Stock the vesting and/or transferability of
which is subject during specified periods of time to such terms and conditions (including continued employment or engagement or performance conditions) as the Committee determines. 

  
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	(bb)	 “Restricted Stock Unit” means an Award denominated in units of Common Stock under which the issuance
of shares of Common Stock (or cash payment in lieu thereof) is subject to such terms and conditions (including continued employment or engagement or performance conditions) as the Committee determines. 

 

	(cc)	 “Retirement” means, except as otherwise provided in an Award Agreement, attainment of age 60 and
completion of five years of continuous employment with the Company and its Affiliates. 

  

	(dd)	 “Separation from Service” or “Separates from Service” means a Termination of Employment or
other cessation of service that constitutes a “separation from service” within the meaning of Section 409A of the Code. 

  

	(ee)	 “Stock Appreciation Right” or “SAR” means a right that entitles the Participant to receive,
in cash or Common Stock or a combination thereof, as determined by the Committee, value equal to the excess of (i) the Fair Market Value of a specified number of shares of Common Stock at the time of exercise over (ii) the exercise price
of the right, as established by the Committee on the date of grant. 

  

	(ff)	 “Substitute Awards” means Awards granted or Common Stock issued by the Company in assumption of, or
in substitution or exchange for, awards previously granted (or the right or obligation to make future awards) by a company acquired by the Company or any Affiliate or with which the Company or any Affiliate combines. 

 

	(gg)	 “Termination of Employment” means, except as otherwise provided in an Award Agreement or as otherwise
determined by the Committee, ceasing to serve as an employee of the Company and its Affiliates or, with respect to a non-employee director or other service provider, ceasing to serve as such for the Company
and its Affiliates; provided, however, that with respect to all or any Awards held by a Participant, the Committee may determine that (i) a leave of absence (including as a result of a Participant’s short-term or long-term disability or
other medical leave) or employment on a less than full-time basis is considered a “Termination of Employment,” (ii) service as a member of the Board or other service provider to the Company or an Affiliate shall constitute continued
employment with respect to Awards granted to a Participant while he or she served as an employee of the Company or an Affiliate, or (iii) service as an employee of the Company or an Affiliate shall constitute continued service/employment with
respect to Awards granted to a Participant while he or she served as a member of the Board or other service provider to the Company or an Affiliate. The Committee shall determine whether any corporate transaction, such as a sale or spin-off of a division or Affiliate that employs or engages a Participant, shall be deemed to result in a Termination of Employment with the Company and its Affiliates for purposes of any affected Participant’s
Awards, and the Committee’s decision shall be final and binding. With respect to any Award that is subject to Section 409A of the Code, a Termination of Employment shall not be deemed to occur until such Participant’s Separation from
Service. 

  
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 Section III. Eligibility 

Any Spin-Off Participant. 

Section IV. Effective Date and Termination of Plan 
 This
Plan shall become effective as of the date of the consummation of the Spin-Off (the “Effective Date”). The Plan shall remain available for the grant of Awards until the 10th anniversary of the
Effective Date; provided, however, that no Incentive Stock Option may be granted under this Plan after February 11, 2032. Notwithstanding the foregoing, the Plan may be terminated at such earlier time as the Board may determine. Termination of
the Plan will not affect the rights and obligations of the Participants and the Company arising under Awards granted prior to such termination. 

Section V. Shares Subject to the Plan and to Awards 
  

	(a)	 Aggregate Limits. The aggregate number of shares of Common Stock issuable under the Plan shall be equal
to the number of shares of Common Stock necessary to satisfy all Spin-Off Awards upon exercise or settlement, as applicable (the “Share Reserve”). The aggregate number of shares of Common Stock
available for grant under this Plan and the number of shares of Common Stock subject to Awards outstanding at the time of any event described in Section XV shall be subject to adjustment as provided in Section XV. The shares of Common Stock issued
under this Plan may be shares that are authorized and unissued or shares that were reacquired by the Company, including shares purchased in the open market or in private transactions. 

 

	(b)	 Future Use of Share Reserve. Shares subject to Awards that have been canceled, terminated, expired
unexercised, forfeited or settled in cash shall be available for granting Awards under the GE HealthCare Technologies Inc. 2023 Long-Term Incentive Plan; provided, however, that (i) shares subject to Awards that have been retained or withheld
by the Company in payment or satisfaction of the exercise price, purchase price or tax withholding obligation of an Award (including shares that were subject to an Award but were not issued or delivered as a result of the net settlement or net
exercise of such Award) and (ii) shares repurchased on the open market with the proceeds of an Option exercise, in each case, shall not be available for issuance under this Plan. 

 

	(c)	 Substitute Awards. Substitute Awards shall not reduce the shares of Common Stock authorized for issuance
under the Plan. Additionally, in the event that a company acquired by the Company or any Affiliate, or with which the Company or any Affiliate combines, has shares available under a preexisting plan approved by shareholders and not adopted in
contemplation of such acquisition or combination, the shares available for grant pursuant to the terms of such pre-existing plan (as adjusted, to the extent appropriate, using the exchange ratio or other
adjustment or valuation ratio or formula used in such acquisition or combination to determine the consideration payable to the holders of common stock of the entities party to such acquisition or combination) may be used for Awards under the Plan
and shall not reduce the shares of Common Stock authorized for issuance under the Plan; provided that Awards using such available shares 

  
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(i) shall not be made after the date awards or grants could have been made under the terms of the pre-existing plan, absent the acquisition or combination,
(ii) shall only be made to individuals who were not employees or service providers of the Company or its Affiliates at the time of such acquisition or combination, and (iii) shall comply with the requirements of any stock exchange, market
or quotation system on which the Common Stock is traded, listed or quoted. 

  

	(d)	 Tax Code Limits. The aggregate number of shares of Common Stock that may be issued pursuant to the
exercise of Incentive Stock Options granted under this Plan shall be equal to the Share Reserve, which number shall be calculated and adjusted pursuant to Section XV only to the extent that such calculation or adjustment will not affect the status
of any Option intended to qualify as an Incentive Stock Option under Section 422 of the Code. 

  

	(e)	 Limits on Non-Employee Director Compensation. The aggregate
dollar value of equity-based and cash compensation granted under this Plan to any non-employee director (determined at the grant date and, for equity-based Awards, in accordance with FASB ASC Topic 718) shall
not exceed $1 million (U.S. dollars) during any calendar year. 

 Section VI. Administration of the Plan 

 

	(a)	 Administrator of the Plan. The Plan shall be administered by the Committee. To the maximum extent
permissible under applicable law, the Committee (or any successor) may by resolution delegate any or all of its authority to one or more subcommittees composed of one or more directors or officers of the Company (with the power to re-delegate such authority), and any such subcommittee (or its delegate) shall be treated as the Committee for all purposes under this Plan; provided, however, that no Award may be granted to an Eligible Person who
is then subject to Section 16 of the Act in respect of the Company by any such subcommittee unless such subcommittee is composed solely of two or more “non-employee directors” within the meaning
of Rule 16b-3(b)(3) promulgated under the Act. The Committee may designate and delegate to one or more officers or employees of the Company or any Affiliate, and/or one or more agents, authority to assist the
Committee in any or all aspects of the day-to-day administration of the Plan and/or of Awards granted under the Plan. 

 

	(b)	 Powers of Committee. Subject to the express provisions of this Plan, the Committee shall be authorized
and empowered to do all things that it determines to be necessary or appropriate in connection with the administration of this Plan, including: 

  

	 	(i)	 to prescribe, amend and rescind rules and regulations relating to this Plan and to define terms not otherwise
defined herein; 

  

	 	(ii)	 to determine the Eligible Persons to which Awards shall be granted, if any, hereunder and the timing of any
such Awards; 

  

	 	(iii)	 to prescribe and amend the terms of the Award Agreements, to grant Awards and to determine the terms and
conditions thereof; 

  
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	 	(iv)	 to establish and verify the extent of satisfaction of any performance goals or other conditions applicable to
the grant, issuance, vesting, exercise or settlement of any Award; 

  

	 	(v)	 to prescribe and amend the terms or form of any document or notice required to be delivered to the Company or
the applicable Affiliate by Participants under this Plan; 

  

	 	(vi)	 to determine the extent to which adjustments are required pursuant to Section XV; 

 

	 	(vii)	 to interpret and construe this Plan, any rules and regulations under this Plan and the terms and conditions of
any Award granted hereunder, and to make exceptions to any such provisions if the Committee, in good faith, determines that it is appropriate to do so; 

  

	 	(viii)	 to approve corrections in the documentation or administration of any Award; and 

 

	 	(ix)	 to make all other determinations it deems necessary or advisable for the administration of this Plan.

 The Committee may, in its sole and absolute discretion, without amendment to the Plan but subject to the limitations
otherwise set forth in Section XIX: (i) waive or amend the operation of Plan provisions respecting vesting, exercise or settlement in connection with a Termination of Employment or Separation from Service, and/or (ii) waive, settle or
adjust any of the terms of any Award so as to avoid unanticipated consequences or address unanticipated events (including any temporary closure of an applicable stock exchange, disruption of communications or natural catastrophe). 

 

	(c)	 Determinations by the Committee. All decisions, determinations and interpretations by the Committee
regarding the Plan, any rules and regulations under the Plan and the terms and conditions of (or operation of) any Award granted hereunder, shall be final and binding on all Participants, beneficiaries, heirs, assigns or other persons holding or
claiming rights under the Plan or any Award. The Committee shall consider such factors as it deems relevant, in its sole and absolute discretion, to making such decisions, determinations and interpretations, including the recommendations or advice
of any officer or other employee of the Company and such attorneys, consultants and accountants as it may select. 

  

	(d)	 Indemnification. Subject to requirements of applicable law, each individual who is or shall have been a
member of the Board, the Committee or an officer or manager of the Company to whom authority was delegated in accordance with Section VI 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 him or her in connection with or resulting from any claim, action, suit or proceeding to which he or she may be a party or in which he or she may be involved by reason of any action taken or failure to
act under this Plan and against and from any and all amounts paid by him or her in settlement thereof, with the Company’s approval, or paid by him or her in satisfaction of any judgment in any such action, suit or proceeding against him or her;
provided, that he 

  
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or she shall give the Company an opportunity, at its own expense, to handle and defend the same before he or she undertakes to handle and defend it on his or her own behalf, unless such loss,
cost, liability or expense is a result of his or her own willful misconduct or except as expressly provided by statute. The foregoing right of indemnification shall not be exclusive of any other rights of indemnification to which such individuals
may be entitled under the Company’s Certificate of Incorporation or Bylaws, as a matter of law or otherwise, or any power that the Company may have to indemnify them or hold them harmless. 

Section VII. Plan Awards 
  

	(a)	 Terms Set Forth in Award Agreement. Awards may be granted to Eligible Persons as determined by the
Committee at any time, and from time to time, prior to the termination of the Plan. Receipt of an Award does not obligate the Committee to provide future Awards to an Eligible Person. The terms and conditions of each Award shall be set forth in an
Award Agreement that includes (other than for Restricted Stock) the time or times at or within which the shares of Common Stock or cash, as applicable, may be acquired from the Company and the consideration, if any, that must be paid. Such Award
Agreement may contain, incorporate or reference such applicable terms and conditions described in this Plan and/or such other terms and conditions determined by the Committee consistent with its authority under this Plan. The terms of Awards may
vary among Participants, and the Plan does not impose upon the Committee any requirement to make Awards subject to uniform terms or interpretations. Accordingly, individual Award Agreements may vary. 

 

	(b)	 Termination of Employment. Subject to the express provisions of the Plan, the Committee shall specify
before, at, or after the time of grant of an Award the provisions governing the effect(s) upon an Award of a Participant’s Termination of Employment or Separation from Service. 

 

	(c)	 Rights of a Shareholder. Except as otherwise set forth in the applicable Award Agreement, a Participant
shall have no rights as a shareholder (including voting rights) with respect to shares of Common Stock covered by an Award, other than Restricted Stock, until the date the Participant becomes the holder of record of such shares of Common Stock. No
adjustment shall be made for dividends or other rights for which the record date is prior to such date, except as provided in Sections X(b), XI(b), XII or XV of this Plan or as otherwise provided by the Committee. 

 

	(d)	 Fractional Shares. The Committee, in its sole discretion, shall determine whether fractional shares of
Common Stock may be issued pursuant to an Award or in settlement thereof and shall determine whether cash, other Awards or other property shall be issued or paid in lieu of such fractional shares. In addition, the Committee shall determine whether
such fractional shares or any rights thereto shall be forfeited or otherwise eliminated. 

  
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 Section VIII. Options 
  

	(a)	 Grant, Term and Price. The grant, issuance, vesting, exercise or settlement of any Option shall occur at
such time and be subject to such terms and conditions as determined by the Committee or under criteria established by the Committee, which may include conditions based on continued employment or engagement, passage of time, attainment of age and/or
service requirements, and/or satisfaction of performance conditions. The term of an Option shall in no event be greater than 10 years, except that the term of an Option (other than an Incentive Stock Option) shall be automatically extended if the
Participant holding such Option is prohibited by law or the Company’s insider trading policy from exercising the Option at the time of its scheduled expiration, in which case the Option shall expire on the 30th day following the date such
prohibition no longer applies. The Committee will establish the price at which Common Stock may be purchased upon exercise of an Option, which may not be less than the Fair Market Value of such shares on the date of grant unless (i) such Option
is granted as a Substitute Award or assumed in connection with the Spin-Off and (ii) such exercise price is based on a formula set forth in the terms of the original option agreement or the applicable
merger or acquisition agreement that satisfies the requirements of Section 424(a) of the Code if such options are Incentive Stock Options and Section 409A of the Code if such options are Nonqualified Stock Options. The exercise price of
any Option may be paid by such methods as determined by the Committee, including by cash in U.S. dollars, by an irrevocable commitment to use the proceeds from a sale of shares of Common Stock issuable under an Option, by delivery of previously
owned shares of Common Stock or by withholding of shares of Common Stock otherwise deliverable upon exercise. 

  

	(b)	 No Repricing without Shareholder Approval. Other than in connection with a change in the Company’s
capitalization (as described in Section XV), the Committee shall not, without shareholder approval: (i) reduce the exercise price of a previously awarded Option or (ii) at any time when the exercise price of a previously awarded Option is
above the Fair Market Value of a share of Common Stock, cancel and re-grant or exchange such Option for cash or a new Award with a lower (or no) exercise price. 

 

	(c)	 No Reload Grants. Options shall not be granted under the Plan in consideration for, and shall not be
conditioned upon the delivery of, shares of Common Stock to the Company in payment of the exercise price and/or tax withholding obligation under any other employee stock option. 

 

	(d)	 Incentive Stock Options. Notwithstanding anything to the contrary in this Section VIII, in the case of
the grant of an Incentive Stock Option, if the Participant owns stock possessing more than 10% of the combined voting power of all classes of stock of the Company, the exercise price of such Option must be at least 110% of the Fair Market Value of
the shares of Common Stock on the date of grant and the Option must expire within a period of not more than five years from the date of grant. Further notwithstanding anything to the contrary in this Section VIII, Options designated as Incentive
Stock Options shall not be eligible for treatment under the Code as Incentive Stock Options (and will be deemed Nonqualified Stock Options) to the extent that either (i) the aggregate Fair Market Value of shares of Common Stock (determined as
of the 

  
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time of grant) with respect to which such Options are exercisable for the first time by the Participant during any calendar year (under all plans of the Company and any of its “subsidiary
corporations” within the meaning of Section 424 of the Code) exceeds $100,000, taking Options into account in the order in which they were granted, or (ii) such Options otherwise remain exercisable but are not exercised within three
months (or such other period of time provided in Section 422 of the Code) of separation of service (as determined in accordance with Section 3401(c) of the Code). 

 

	(e)	 No Shareholder Rights. Participants shall have no voting rights and will have no rights to receive
dividends or Dividend Equivalents in respect of an Option or any shares of Common Stock subject to an Option until the Participant has become the holder of record of such shares. 

Section IX. Stock Appreciation Rights 
  

	(a)	 General Terms. The grant, issuance, vesting, exercise or settlement of any Stock Appreciation Right
shall occur at such time and be subject to such terms and conditions as determined by the Committee or under criteria established by the Committee, which may include conditions based on continued employment or engagement, passage of time, attainment
of age and/or service requirements, and/or satisfaction of performance conditions. The term of a Stock Appreciation Right shall in no event be greater than 10 years, except that the term of a Stock Appreciation Right shall be automatically extended
if the Participant holding such Stock Appreciation Right is prohibited by law or the Company’s insider trading policy from exercising the Stock Appreciation Right at the time of its scheduled expiration, in which case the Stock Appreciation
Right shall expire on the 30th day following the date such prohibition no longer applies. Stock Appreciation Rights may be granted to Participants from time to time either in tandem with or as a component of Options granted under the Plan
(“tandem SARs”) or not in conjunction with other Awards (“freestanding SARs”). Upon exercise of a tandem SAR as to some or all of the shares covered by the grant, the related Option shall be canceled automatically to the extent
of the number of shares covered by such exercise. Conversely, if the related Option is exercised as to some or all of the shares covered by the grant, the related tandem SAR shall be canceled automatically to the extent of the number of shares
covered by such exercise. Any Stock Appreciation Right granted in tandem with an Option may be granted at the same time such Option is granted or at any time thereafter before exercise or expiration of such Option, provided that the Fair Market
Value of Common Stock on the date of the SAR’s grant is not greater than the exercise price of the related Option. All freestanding SARs shall be granted subject to the same terms and conditions applicable to Options as set forth in Section
VIII and all tandem SARs shall have the same exercise price as the Option to which they relate. Subject to the provisions of Section VIII and the immediately preceding sentence, the Committee may impose such other conditions or restrictions on any
Stock Appreciation Right as it shall deem appropriate. Stock Appreciation Rights may be settled in Common Stock, cash, Restricted Stock or a combination thereof, as determined by the Committee and set forth in the applicable Award Agreement.

  
 12 

	(b)	 No Repricing without Shareholder Approval. Other than in connection with a change in the Company’s
capitalization (as described in Section XV), the Committee shall not, without shareholder approval, reduce the exercise price of a previously awarded Stock Appreciation Right, and at any time when the exercise price of a previously awarded Stock
Appreciation Right is above the Fair Market Value of a share of Common Stock, the Committee shall not, without shareholder approval, cancel and re-grant or exchange such Stock Appreciation Right for cash or a
new Award with a lower (or no) exercise price. 

  

	(c)	 No Shareholder Rights. Participants shall have no voting rights and will have no rights to receive
dividends or Dividend Equivalents in respect of a Stock Appreciation Right or any shares of Common Stock subject to a Stock Appreciation Right until the Participant has become the holder of record of such shares. 

Section X. Restricted Stock and Restricted Stock Units 
  

	(a)	 Vesting and Performance Criteria. The grant, issuance, vesting or settlement of any Restricted Stock or
Restricted Stock Units shall occur at such time and be subject to such terms and conditions as determined by the Committee or under criteria established by the Committee, which may include conditions based on continued employment or engagement,
passage of time, attainment of age and/or service requirements, and/or satisfaction of performance conditions. In addition, the Committee shall have the right to grant Restricted Stock or Restricted Stock Unit Awards as the form of payment for
grants or rights earned or due under other compensation plans or arrangements of the Company. 

  

	(b)	 Dividends and Distributions. Participants in whose name Restricted Stock is granted shall be entitled to
receive all dividends and other distributions paid with respect to those shares of Common Stock, unless determined otherwise by the Committee; provided, however, that such dividends and other distributions will be subject to the same restrictions on
transferability and vesting conditions as the Restricted Stock with respect to which they were distributed. The Committee will determine whether any such dividends or distributions will be automatically reinvested in additional shares of Restricted
Stock or paid in cash. Shares underlying Restricted Stock Units shall be entitled to Dividend Equivalents only to the extent provided by the Committee; provided, however, that such Dividend Equivalents will be subject to the same vesting conditions
as the underlying Restricted Stock Units. 

 Section XI. Other Stock-Based Awards 

 

	(a)	 General Terms. Subject to limitations under applicable law, the Committee is authorized to grant to
Eligible Persons such other Awards that may be denominated or payable in, valued in whole or in part by reference to, or otherwise based on or related to, the value of Common Stock, as deemed by the Committee to be consistent with the purposes of
the Plan. The Committee shall determine the terms and conditions of such Other Stock-Based Awards. Common Stock delivered pursuant to an Other Stock-Based Award in the nature of a purchase right granted under this Section XI shall be purchased for
such 

  
 13 

	 	
consideration and paid for at such times, by such methods and in such forms (including cash, Common Stock, other Awards or other property) as the Committee shall determine. 

 

	(b)	 Dividends and Distributions. Shares underlying Other Stock-Based Awards shall be entitled to Dividend
Equivalents only to the extent provided by the Committee; provided, however, that such Dividend Equivalents will be subject to the same vesting conditions as the underlying Other Stock-Based Award. 

Section XII. Performance Awards 
 The Committee may
establish performance criteria and level of achievement versus such criteria that shall determine the amount of cash or the number of shares of Common Stock, Options, SARs, Restricted Stock or Restricted Stock Units to be granted, retained, vested,
issued or paid pursuant to a Performance Award. A Performance Award may be identified as “Performance Share,” “Performance Equity,” “Performance Unit” or other such term as chosen by the Committee. Participants shall
have no voting rights and will have no rights to receive dividends or Dividend Equivalents in respect of a Performance Award that is an Option or Stock Appreciation Right or any shares of Common Stock subject to such Option or Stock Appreciation
Right until the Participant has become the holder of record of such shares. Shares underlying other Performance Awards shall be entitled to Dividend Equivalents only to the extent provided by the Committee; provided, however, that such Dividend
Equivalents will be subject to the same vesting conditions as the underlying Performance Award. 
 Section XIII. Deferral of Payment 

The Committee may, in an Award Agreement or otherwise, provide for the deferred delivery of Common Stock or cash upon vesting or other events with respect to
Restricted Stock Units or Other Stock-Based Awards. Notwithstanding any provision of the Plan to the contrary, (i) no Award shall provide for deferral of compensation that does not comply with Section 409A of the Code and (ii) in no
event will any election to defer the delivery of Common Stock or any other payment with respect to any Award be allowed if the Committee determines, in its sole discretion, that the deferral would result in the imposition of additional tax under
Section 409A of the Code. None of the Company, its Affiliates, the Board, the Committee or any delegates thereof shall have any liability for its actions or otherwise to a Participant or any other party if an Award that is intended to be exempt
from or compliant with Section 409A of the Code is not so exempt or compliant. 
 Section XIV. Conditions and Restrictions Upon Securities Subject
to Awards 
 The Committee may provide that the Common Stock subject to or issued upon exercise or settlement of an Award shall be subject to such
further agreements, restrictions, conditions or limitations as the Committee in its discretion may specify prior to the grant, issuance, vesting, exercise or settlement of such Award. Without limiting the foregoing, such restrictions may address the
timing and manner of any resales or other transfers by the Participant of any shares of Common Stock issued under an Award, including (a) restrictions under an insider trading policy, a stock ownership policy or pursuant to applicable law,
(b) restrictions designed to delay and/or coordinate the timing and manner of sales by the Participant and holders of other 

  
 14 

 
Company equity compensation arrangements, (c) restrictions as to the use of a specified brokerage firm for such resales or other transfers and (d) provisions requiring Common Stock be
sold on the open market or to the Company in order to satisfy tax withholding or other obligations. 
 Section XV. Adjustment of and Changes in the Stock

  

	(a)	 The number and kind of shares of Common Stock available for issuance under this Plan (including under any
Awards then outstanding) shall be equitably adjusted by the Committee to reflect any reorganization, reclassification, combination of shares, stock split, reverse stock split, spin-off, dividend or
distribution of securities, property or cash (other than regular, quarterly cash dividends), or any other event or transaction that affects the number or kind of shares of Common Stock outstanding. Such adjustment may be designed to (i) comply
with Section 424 of the Code, (ii) treat the shares of Common Stock available under the Plan and subject to Awards as if they were all outstanding on the record date for such event or transaction, and/or (iii) increase the number of
such shares of Common Stock to reflect a deemed reinvestment in shares of Common Stock of the amount distributed to the Company’s shareholders. The terms of any outstanding Award shall also be equitably adjusted by the Committee as to price,
number or kind of shares of Common Stock subject to such Award, vesting, performance criteria, and other terms to reflect the foregoing events, which adjustments need not be uniform as between different Awards or different types of Awards. No
fractional shares of Common Stock shall be issued or issuable pursuant to such an adjustment. 

  

	(b)	 In the event there is any other change in the number or kind of outstanding shares of Common Stock (or other
securities into which such Common Stock is changed or for which it is exchanged) by reason of a Change in Control, other merger, consolidation or otherwise, then the Committee shall determine the appropriate and equitable adjustment to be affected,
which adjustments need not be uniform between different Awards or different types of Awards. In addition, in such event, the Committee may (i) accelerate the time or times at which any Award may be exercised or settled, consistent with and as
otherwise permitted under Section 409A of the Code, and/or (ii) provide for cancellation of such accelerated Awards that are not exercised within a time prescribed by the Committee in its sole discretion. 

 

	(c)	 In the event of a Change in Control, the Committee, acting in its sole discretion without the consent or
approval of any Participant, may take one or more of the following actions, which may vary among individual Participants and/or among Awards held by any individual Participant: 

 

	 	(i)	 accelerate vesting or waive any forfeiture conditions; 

 

	 	(ii)	 accelerate the time of exercisability of an Award so that such Award may be exercised in full or in part for a
limited period of time on or before a date specified by the Committee, after which specified date all unexercised Awards and all rights of Participants thereunder shall terminate; 

  
 15 

	 	(iii)	 redeem in whole or in part outstanding Awards by requiring the mandatory surrender to the Company of some or
all of the outstanding Awards held by a Participant (irrespective of whether such Awards are then vested or exercisable) as of a date specified by the Committee, in which event the Committee shall thereupon cancel such Awards and pay to each
Participant an amount of cash or other consideration per Award equal to the Change in Control Price (less the exercise price with respect to an Option or SAR with an exercise price that is less than or equal to the Change in Control Price) or no
consideration if the exercise price of an Option or SAR exceeds the Change in Control Price; 

  

	 	(iv)	 separately require the mandatory surrender of Dividend Equivalents in exchange for such cash or other
consideration (if any) determined by the Committee in is sole discretion; or 

  

	 	(v)	 make such adjustments to Awards then outstanding as the Committee deems appropriate to reflect such Change in
Control or other such event (including the substitution, assumption, or continuation of Awards by the successor company or a parent or subsidiary thereof). 

Notwithstanding anything herein to the contrary, in the event of a Change in Control in which the acquiring or surviving company in the
transaction (or any parent or subsidiary thereof) does not assume or continue outstanding Awards or issue substitute awards upon the Change in Control in a manner determined by the Committee, in its sole discretion, pursuant to this Section XV(c),
all Awards that are not assumed, continued or substituted for shall be treated as follows effective immediately prior to the Change in Control: (A) in the case of an Option or Stock Appreciation Right, the Participant shall have the ability to
exercise such Option or Stock Appreciation Right, including any portion of the Option or Stock Appreciation Right not previously exercisable, (B) in the case of any Performance Award, all conditions to the grant, issuance, vesting or settlement
of (or any other restrictions applicable to) such Award shall immediately lapse and the Participant shall have the right to receive a payment based on target level achievement or actual performance through a date determined by the Committee, as
determined by the Committee, and (C) in the case of outstanding Restricted Stock, Restricted Stock Units or Other Stock-Based Awards (other than a Performance Award), all conditions to the grant, issuance, vesting or settlement of (or any other
restrictions applicable to) such Award shall immediately lapse. In no event shall any action be taken pursuant to this Section XV(c) that would change the payment or settlement date of an Award in a manner that would result in the imposition of any
additional taxes or penalties pursuant to Section 409A of the Code. 
  

	(d)	 For the avoidance of doubt, no provision of the Plan or any Award Agreement shall provide to any Participant a gross-up payment or other compensation for any taxes imposed by Section 4999 of the Code or otherwise. 

  
 16 

 Section XVI. Transferability 

Each Award may not be sold, transferred for value, pledged, assigned, or otherwise alienated or hypothecated by a Participant, and each Option or Stock
Appreciation Right shall be exercisable only by the Participant during his or her lifetime. Notwithstanding the foregoing, as permitted by the Committee under procedures it establishes, a Participant may (i) transfer or assign an Award as a
gift to any “family member” (as such term is defined for purposes of the Registration Statement on Form S-8) who may be entitled to exercise any assigned Options or Stock Appreciation Rights only
during the lifetime of the assigning Participant and (ii) designate one or more beneficiaries with respect to Awards in the event of a Participant’s death who may be entitled to exercise any Options or Stock Appreciation rights as provided
by the Committee. In such case, such family member or beneficiary shall not further sell, pledge, transfer, assign or otherwise alienate or hypothecate such Award, and the Participant’s estate will be deemed the beneficiary in the absence of a
beneficiary designation. 
 Section XVII. Compliance with Laws and Regulations 

 

	(a)	 This Plan, the grant, issuance, vesting, exercise and settlement of Awards hereunder, and the obligation of the
Company to sell, issue or deliver shares of Common Stock under such Awards, shall be subject to all applicable foreign, federal, state and local laws, governmental and regulatory approvals, and stock exchange rules and regulations. The Company shall
not be required to register in a Participant’s name or deliver Common Stock prior to the completion of any registration or qualification of such shares which the Committee shall determine to be necessary or advisable. To the extent the Company
is unable to (or the Committee deems it infeasible to) obtain approval from any regulatory body deemed by the Company’s counsel to be advisable to the lawful issuance and sale of any shares of Common Stock hereunder, the Company, its
Affiliates, the Board, the Committee and any delegates thereof shall be relieved of any liability with respect to the failure to issue or sell such shares of Common Stock. 

 

	(b)	 In the event an Award is granted to or held by a Participant who is employed or providing services outside the
United States, the Committee may (in its sole discretion) modify the provisions of the Plan or such Award (or create sub-plans) as they pertain to such individual to comply with applicable foreign law or to
recognize differences in local law, currency or tax policy. The Committee may also impose conditions on the grant, issuance, vesting, exercise or settlement of Awards in order to comply with such foreign law and/or to minimize the Company’s
obligations with respect to tax equalization for Participants employed outside their home country. 

 Section XVIII. Withholding

 To the extent required by applicable foreign, federal, state or local law, a Participant shall (and the Committee may) make arrangements acceptable to
the Company for the satisfaction of any tax withholding obligations that arise with respect to any Award or the issuance or sale of any shares of Common Stock. The Company shall not be required to recognize any Participant’s rights, issue
shares of Common Stock, or recognize the disposition of shares of Common Stock, under an Award until such obligations are satisfied. To the extent permitted or required by the 

  
 17 

 
Committee, these obligations may or shall be satisfied by (i) the Company withholding cash from any compensation otherwise payable to or for the benefit of a Participant, (ii) the
Company withholding a portion of the shares of Common Stock that otherwise would be issued to a Participant under such Award or any other Award held by the Participant, or (iii) the Participant tendering to the Company cash or shares of Common
Stock. None of the Company, its Affiliates, the Board, the Committee or any delegates thereof shall be liable to a Participant or any other person as to any tax consequence expected but not realized (or unexpected and realized) due to the grant,
issuance, vesting, exercise or settlement of any Award. 
 Section XIX. Amendment of the Plan or Awards 

The Board or its designee may amend, alter, suspend or terminate the Plan at any time and for any reason, and the Committee or its designee may amend or alter
any Award Agreement or other document evidencing an Award made under this Plan. Notwithstanding the foregoing and except as provided in Section XV, no such amendment shall, without the approval of the shareholders of the Company: 

 

	(a)	 increase the maximum number of shares of Common Stock for which Awards may be granted under this Plan;

  

	(b)	 reduce the price at which Options may be granted below the price provided in Section VIII(a);

  

	(c)	 reprice outstanding Options or SARs as described in Sections VIII(b) and IX(b); 

 

	(d)	 extend the term of this Plan; 

 

	(e)	 change the class of Eligible Persons; 

 

	(f)	 increase the individual maximum limits in Section V(e); or 

 

	(g)	 otherwise amend the Plan in any manner requiring shareholder approval by law or the rules of any stock
exchange, market or quotation system on which the Common Stock is traded, listed or quoted. 

 Except as otherwise provided in any Award
Agreement, no amendment or alteration to the Plan, an Award or an Award Agreement shall be made which would materially impair the rights of the Award holder without the Award holder’s consent. Notwithstanding the foregoing, no such consent
shall be required to the extent the Committee determines, in its sole discretion and prior to the date of any applicable Change in Control, that such amendment or alteration either (i) is required or advisable in order for the Company, the Plan
or the Award to satisfy any law or accounting standard (or to avoid adverse financial accounting consequences) or (ii) is not reasonably likely to significantly diminish the benefits provided under such Award (or has been adequately
compensated). 

  
 18 

 Section XX. Other 
  

	(a)	 Non-Exclusivity of Plan. Neither the adoption of this Plan by
the Board nor the submission of this Plan to the shareholders of the Company for approval shall be construed as creating any limitations on the power of the Board or the Committee to adopt such other incentive arrangements as either may deem
desirable, including the granting of equity awards otherwise than under this Plan, and such arrangements may be either generally applicable or applicable only in specific cases. 

 

	(b)	 Governing Law. This Plan and any Award Agreements or other documents hereunder shall be interpreted and
construed in accordance with the laws of the State of New York and applicable federal law, including securities laws. All references in this Plan or an Award Agreement or similar document to laws, rules, regulations, contracts, agreements and
instruments refer to (i) all rules, regulations and administrative guidance promulgated thereunder, (ii) such items as they may be amended from time to time and (iii) any successor law, rule or regulation of similar effect or
applicability. 

  

	(c)	 No Right to Employment, Reelection or Continued Service. Nothing in this Plan or related to any Award
shall itself (i) constitute an employment contract with the Company or its Affiliate, (ii) confer upon any Participant any right to continue employment or service for any specified period of time or (iii) limit in any way the right of
the Company or its Affiliates to terminate any Participant’s employment, service on the Board or other service at any time and for any reason not prohibited by law. Subject to Sections IV and XIX, this Plan and the benefits hereunder may be
terminated at any time in the sole and exclusive discretion of the Board without giving rise to any liability on the part of the Company, its Affiliates, the Board, the Committee or any delegates thereof. 

 

	(d)	 Specified Employee Delay. If, upon Separation from Service, a Participant is a “specified
employee” within the meaning of Section 409A of the Code, any payment under this Plan that is subject to Section 409A of the Code and would otherwise be paid within six months after the Participant’s Separation from Service will
instead be paid in the seventh month following the Participant’s Separation from Service. 

  

	(e)	 Severability. If any provision of the Plan or any Award shall be held unlawful or otherwise invalid or
unenforceable in whole or in part, the unlawfulness, invalidity, or unenforceability shall not affect any other provision of the Plan or any Award, each of which shall remain in full force and effect. Likewise, if the Committee determines that any
provision would disqualify the Plan or any Award under any law, rule or regulation it deems applicable, such provision shall be construed or deemed amended to conform with the applicable law, rule or regulation, as determined by the Committee.

  

	(f)	 Unfunded Plan. The Plan is intended to be an unfunded plan, and Participants are general creditors of
the Company with respect to their Awards. If the Committee or the Company chooses to set aside funds in a trust or otherwise for the payment of Awards under the Plan, such funds shall at all times be subject to the Company’s creditors.

  
 19 

	(g)	 Interpretation. Headings are used within the Plan, Award Agreements and other related documents solely
as a convenience shall not be deemed in any way material or relevant to the construction or interpretation of any provision of the Plan. The use of the word “including” following any general statement in the Plan, Award Agreements or any
related documents shall not be construed to limit the scope of such statement, regardless of whether it is accompanied by non-limiting language (such as “without limitation”). 

Section XXI. Clawback/Recoupment 
 If a Participant’s
Termination of Employment or Separation from Service is for Cause or if the Committee determines in its sole discretion that a Participant has engaged in conduct that (a) constitutes a breach of an agreement with the Company or its Affiliate,
(b) results in (or has the potential to cause) material harm financially, reputationally, or otherwise to the Company or its Affiliate or (c) occurred prior to the Participant’s Termination of Employment or Separation from Service and
would give rise to a termination for Cause (regardless of whether such conduct is discovered before, during or after the Participant’s Termination of Employment or Separation from Service), the Participant shall forfeit the Participant’s
right to any unvested or unexercised Awards and may be required to repay any cash, Common Stock or other property received pursuant to vested and exercised Awards to the extent recovery is permitted by law. The remedy under this Section XXI is not
exclusive and shall not limit any right of the Company under applicable law, including a remedy under (i) Section 10D of the Act, (ii) any applicable rules or regulations promulgated by the Securities and Exchange Commission or any
national securities exchange or national securities association on which shares of the Company may be traded, and/or (iii) any Company policy adopted with respect to compensation recoupment. 

In addition, the Committee may impose such other clawback, recovery or recoupment provisions in an Award Agreement as the Committee determines necessary or
appropriate, including a reacquisition right in respect of previously acquired shares of Common Stock or other cash or property upon the occurrence of misconduct. No recovery of compensation described in this Section XXI will give rise to a right to
resign for “good reason” or a “constructive termination” as such terms (or any similar term) are used in any agreement between any Participant and the Company or its Affiliate. 

  
 20EX-10.13

 Exhibit 10.13 

GE HealthCare Technologies Inc. Mirror 2007 Long-Term Incentive Plan 

SECTION 1. PURPOSE 
 The purpose of this GE HealthCare
Technologies Inc. Mirror 2007 Long-Term Incentive Plan (the “Plan”) is to assume on the Effective Date (as defined below), as a result of the spin-off of GE’s healthcare business (the “Spin-Off”), awards in GE HealthCare Technologies Inc. (the “Company”) as a result of the conversion of awards originally issued by General Electric Company (including any of its subsidiaries or
affiliates, “GE”) under the GE 2007 Long-Term Incentive Plan, as amended from time to time (the “GE 2007 LTIP”) (such awards assuming the maximum achievement of performance metrics with respect to any GE performance-based awards,
the “Spin-Off Awards”), to (i) certain current and former employees of GE and its affiliates as of the Spin-Off (“GE Participants”) and
(ii) certain employees of the Company and its Affiliates as of the Spin-Off (“GE HealthCare Participants”, and together with GE Participants,
“Spin-Off Participants”). Notwithstanding anything herein to the contrary, other than the Spin-Off Awards, no Awards (as defined below) shall be granted under
this Plan following the Effective Date. 
 Each Spin-Off Participant’s rights under this Plan are intended to
be the same as such Spin-Off Participant’s rights under the GE 2007 LTIP immediately prior to the Effective Date. For the avoidance of doubt, (i) each Spin-Off
Participant’s service with GE prior to the Effective Date shall be credited for purposes of such Spin-Off Participant’s respective Spin-Off Awards,
(ii) no Spin-Off Participant shall be treated as incurring a termination of employment, separation from service, retirement or similar event for purposes of vesting, settlement, forfeiture or any other
purpose under this Plan solely as a result of the Spin-Off and (iii) any Spin-Off Participant whose employment is terminated from GE or the Company or its
Affiliates, as applicable, shall be deemed to have a termination of employment and separation from service under this Plan, even if such Spin-Off Participant is subsequently hired by the Company or its
Affiliates or GE, as applicable. 
 Notwithstanding anything herein to the contrary, with respect to any GE Participant, all determinations with respect to
the employment, status of employment or characterization of termination of employment shall be made by GE. 
 SECTION 2. DEFINITIONS 

As used in the Plan, the following terms shall have the meanings set forth below: 

(a) “Affiliate” shall mean (i) any entity that, directly or through one or more intermediaries, is controlled by the Company
and (ii) any entity in which the Company has a significant equity interest, as determined by the Committee. 
 (b) “Award”
shall mean any Option, Stock Appreciation Right, Restricted Stock, Restricted Stock Unit, Performance Award, Dividend Equivalent, or Other Stock-Based Award granted under the Plan. 

 (c) “Award Agreement” shall mean any written agreement, contract, or other
instrument or document, including an electronic communication, as may from time to time be designated by the Company as evidencing any Award granted under the Plan. 

(d) “Board” shall mean the Board of Directors of the Company. 

(e) “Code” shall mean the Internal Revenue Code of 1986, as amended from time to time. 

(f) “Committee” shall mean a committee of the Board, acting in accordance with the provisions of Section 3, designated by the
Board to administer the Plan and composed of not less than three non-employee directors. Unless otherwise determined by the Board, the Talent, Culture, and Compensation Committee of the Board generally serves
as the Committee for purposes of the Plan, except that a separate committee designated by the Board shall be responsible for administering the Plan as it relates to any Award provided to a Director. 

(g) “Director” shall mean any member of the Board who is not a Salaried Employee at the time of receiving an Award under the Plan.

 (h) “Dividend Equivalent” shall mean any right granted under Section 6(e) of the Plan. 

(i) “Fair Market Value” shall mean, with respect to any Shares or other securities, the closing price of a Share on the date as of
which the determination is being made or as otherwise determined in a manner specified by the Committee. 
 (j) “Incentive Stock
Option” shall mean an option granted under Section 6(a) of the Plan that is intended to meet the requirements of Section 422 of the Code, or any successor provision thereto. 

(k) “Non-Qualified Stock Option” shall mean an option granted under Section 6(a) of the
Plan that is not intended to be an Incentive Stock Option. 
 (l) “Option” shall mean an Incentive Stock Option or a Non-Qualified Stock Option. 
 (m) “Other Stock-Based Award” shall mean any right, including a
Deferred Stock Unit, granted under Section 6(f) of the Plan. 
 (n) “Participant” shall mean a
Spin-Off Participant designated to be granted an Award under the Plan. 
 (o) “Performance
Award” shall mean any right granted under Section 6(d) of the Plan. 
 (p) “Performance Criteria” shall mean any
quantitative and/or qualitative measures, as determined by the Committee, which may be used to measure the level of performance of the Company or any individual Participant during a Performance Period, including any Qualifying Performance Criteria.

  
 A-2 

 (q) “Performance Period” shall mean any period as determined by the Committee in
its sole discretion. 
 (r) “Person” shall mean any individual, corporation, partnership, association, joint-stock company, trust,
unincorporated organization, or government or political subdivision thereof. 
 (s) “Qualifying Performance Criteria” shall mean
one or more of the following performance criteria, either individually, alternatively or in any combination, applied to either the company as a whole or to a business unit or related company, and measured either annually or cumulatively over a
period of years, on an absolute basis or relative to a pre-established target, to a previous year’s results or to a designated comparison group, in each case as specified by the Committee in the Award:
sales and revenue; income, earnings, profit and margins; earnings per share; return on capital, return on equity and return on investment; cash flow and cash returned to investors; and total shareowner return, subject to adjustment by the Committee
to remove the effect of charges for restructurings, discontinued operations and all items of gain, loss or expense determined to be unusual in nature or infrequent in occurrence, related to the disposal of a segment or a business, or related to a
change in accounting principle or otherwise. 
 (t) “Restricted Stock” shall mean any award of Shares granted under
Section 6(c) of the Plan. 
 (u) “Restricted Stock Unit” shall mean any right granted under Section 6(c) of the Plan
that is denominated in Shares. 
 (v) “Salaried Employee” shall mean any salaried employee of the Company or of any Affiliate.

 (w) “Shares” shall mean the common shares of the Company and such other securities as may become the subject of Awards, or
become subject to Awards, pursuant to an adjustment made under Section 4(b) of the Plan. 
 (x) “Stock Appreciation Right”
shall mean any right granted under Section 6(b) of the Plan. 
 SECTION 3. ADMINISTRATION 

Except as otherwise provided herein, the Plan shall be administered by the Committee, which shall have the power to interpret the Plan and to adopt such rules
and guidelines for implementing the terms of the Plan as it may deem appropriate. The Committee shall have the ability to modify the Plan provisions, to the extent necessary, or delegate such authority, to accommodate any law or regulation in
jurisdictions in which Participants will receive Awards. 
 (a) Subject to the terms of the Plan and applicable law, the Committee shall
have full power and authority to: 
 (i) designate Participants; 

  
 A-3 

 (ii) determine the type or types of Awards to be granted to each Participant under the Plan
and grant Awards to such Participants; 
 (iii) determine the number of Shares to be covered by (or with respect to which payments, rights,
or other matters are to be calculated in connection with) Awards; 
 (iv) determine the terms and conditions of any Award and of Award
Agreements, and verify the extent of satisfaction of any performance goals or other conditions applicable to the grant, issuance, exercisability, vesting and/or ability to retain any Award; 

(v) determine whether, to what extent, and under what circumstances Awards may be settled or exercised in cash, Shares, other securities, or
other Awards, or canceled, forfeited, or suspended, and the method or methods by which Awards may be settled, exercised, canceled, forfeited, or suspended; 

(vi) determine whether, to what extent, and under what circumstances cash, Shares, other securities, other Awards, and other amounts payable
with respect to an Award under the Plan shall be deferred either automatically or at the election of the holder thereof or of the Committee; 

(vii) interpret and administer the Plan and any instrument or agreement relating to, or Award made under, the Plan; 

(viii) establish, amend, suspend, or waive such rules and guidelines; 

(ix) appoint such agents as it shall deem appropriate for the proper administration of the Plan; 

(x) make any other determination and take any other action that the Committee deems necessary or desirable for the administration of the Plan;
and 
 (xi) correct any defect, supply any omission, or reconcile any inconsistency in the Plan or any Award in the manner and to the extent
it shall deem desirable to carry the Plan into effect. 
 (b) Unless otherwise expressly provided in the Plan, all designations,
determinations, interpretations, and other decisions under or with respect to the Plan or any Award shall be within the sole discretion of the Committee, may be made at any time, and shall be final, conclusive, and binding upon all Persons,
including the Company, any Affiliate, any Participant, any holder or beneficiary of any Award, any shareowner, and any employee of the Company or of any Affiliate. Actions of the Committee may be taken by: 

(i) the Chairman of the Committee; 

(ii) a subcommittee, designated by the Committee; 

(iii) the Committee but with one or more members abstaining or recusing himself or herself from acting on the matter, so long as two or more
members remain to act on 

  
 A-4 

 
the matter. Such action, authorized by the Chairman, such a subcommittee or by the Committee (whether upon the abstention or recusal of such members or otherwise), shall be the action of the
Committee for purposes of the Plan; or 
 (iv) one or more officers or managers of the Company or any Affiliate, or a committee of such
officers or managers whose authority is subject to such terms and limitations set forth by the Committee, and only with respect to Salaried Employees who are not officers or directors of the Company for purposes of Section 16 of the Securities
Exchange Act of 1934, as amended. This delegation shall include modifications necessary to accommodate changes in the laws or regulations of jurisdictions outside the U.S. 

SECTION 4. SHARES AVAILABLE FOR AWARDS 

(a) SHARES AVAILABLE. Subject to adjustment as provided in Section 4(b): 

(i) The total number of Shares reserved and available for delivery pursuant to Awards granted under the Plan shall be equal to the number of
Shares necessary to satisfy all Spin-Off Awards upon exercise or settlement, as applicable (the “Share Reserve”); of which no more than the Share Reserve may be available for Awards granted in any
form provided for under the Plan other than Options or Stock Appreciation Rights. If any Shares covered by an Award granted under the Plan, or to which such an Award or award relates, are forfeited, or if an Award or award otherwise terminates
without the delivery of Shares or of other consideration, then the Shares covered by such Award or award, or to which such Award or award relates, or the number of Shares otherwise counted against the aggregate number of Shares available under the
Plan with respect to such Award or award, to the extent of any such forfeiture or termination, shall be available for granting Awards under the GE HealthCare Technologies Inc. 2023 Long-Term Incentive Plan. Notwithstanding the foregoing, but subject
to adjustment as provided in Section 4(b), no more than the Share Reserve shall be available for delivery pursuant to the exercise of Incentive Stock Options. 

(ii) ACCOUNTING FOR AWARDS. For purposes of this Section 4, 
  

	 	(A)	 If an Award (other than a Dividend Equivalent) is denominated in Shares, the number of Shares covered by such
Award, or to which such Award relates, shall be counted on the date of grant of such Award against the aggregate number of Shares available for granting Awards under the Plan; 

 

	 	(B)	 Dividend Equivalents denominated in Shares and Awards not denominated, but potentially payable, in Shares shall
be counted against the aggregate number of Shares available for granting Awards under the Plan in such amount and at such time as the Dividend Equivalents and such Awards are settled in Shares, PROVIDED, HOWEVER, that Awards that operate in tandem
with (whether granted simultaneously with or at a different time from), or that are substituted for, other Awards may only be counted once against the aggregate number of shares available, and

  
 A-5 

	 	
the Committee shall adopt procedures, as it deems appropriate, in order to avoid double counting. Any Shares that are delivered by the Company, and any Awards that are granted by, or become
obligations of, the Company through the assumption by the Company or an Affiliate of, or in substitution for, outstanding awards previously granted by an acquired company, shall not be counted against the Shares available for granting Awards under
this Plan; and 

  

	 	(C)	 Notwithstanding anything herein to the contrary, any Shares related to Awards which terminate by expiration,
forfeiture, cancellation, or otherwise without the issuance of such Shares, are settled in cash in lieu of Shares, or, subject to Section 6(g)(ix), are exchanged with the Committee’s permission, prior to the issuance of Shares, for Awards
not involving Shares, shall be available again for grant under this Plan. Shares subject to an Award under the Plan may not again be made available for issuance under the Plan if such Shares are: (w) Shares delivered to or withheld by the
Company to pay taxes on Awards other than Options or Stock Appreciation Rights, (x) Shares that were subject to an Option or a stock-settled Stock Appreciation Right and were not issued upon the net settlement or net exercise of such Option or
Stock Appreciation Right, (y) Shares delivered to or withheld by the Company to pay the exercise price or the withholding taxes under Options or Stock Appreciation Rights, or (z) Shares repurchased on the open market with the proceeds of
an Option exercise. 

 (iii) SOURCES OF SHARES DELIVERABLE UNDER AWARDS. Any Shares delivered pursuant to an Award may
consist, in whole or in part, of authorized and unissued Shares or of treasury Shares. 
 (b) ADJUSTMENTS. 

(i) In the event that the Committee shall determine that any dividend or other distribution (whether in the form of cash, Shares, or other
securities), recapitalization, stock split, reverse stock split, reorganization, merger, consolidation, split-up, spin-off, combination, repurchase, or exchange of
Shares or other securities of the Company, issuance of warrants or other rights to purchase Shares or other securities of the Company, or other similar corporate transaction or event constitutes an equity restructuring transaction, as that term is
defined in Accounting Standards Codification Topic 718 (or any successor thereto) or otherwise affects the Shares, then the Committee shall adjust the following in a manner that is determined by the Committee to be appropriate in order to prevent
dilution or enlargement of the benefits or potential benefits intended to be made available under the Plan: 
  

	 	(A)	 the number and type of Shares or other securities which thereafter may be made the subject of Awards including
the limit specified in Section 4(a)(i) regarding the number of shares that may be granted 

  
 A-6 

	 	
in the form of Restricted Stock, Restricted Stock Units, Performance Awards, or Other Stock-Based Awards; 

  

	 	(B)	 the number and type of Shares or other securities subject to outstanding Awards; 

 

	 	(C)	 the grant, purchase, or exercise price with respect to any Award, or, if deemed appropriate, make provision for
a cash payment to the holder of an outstanding Award; and 

  

	 	(D)	 other value determinations applicable to outstanding awards. 

PROVIDED, HOWEVER, in each case, that with respect to Awards of Incentive Stock Options no such adjustment shall be authorized to the extent
that such authority would cause the Plan to violate Section 422(b)(1) of the Code or any successor provision thereto; and PROVIDED FURTHER, HOWEVER, that the number of Shares subject to any Award denominated in Shares shall always be a whole
number. 
 (ii) ADJUSTMENTS OF AWARDS UPON CERTAIN ACQUISITIONS. In the event the Company or any Affiliate shall assume outstanding employee
awards or the right or obligation to make future such awards in connection with the acquisition of another business or another corporation or business entity, the Committee may make such adjustments, not inconsistent with the terms of the Plan, in
the terms of Awards as it shall deem appropriate in order to achieve reasonable comparability or other equitable relationship between the assumed awards and the Awards granted under the Plan as so adjusted. 

(iii) ADJUSTMENTS OF AWARDS UPON THE OCCURRENCE OF CERTAIN UNUSUAL OR NONRECURRING EVENTS. The Committee shall be authorized to make
adjustments in the terms and conditions of, and the criteria included in, Awards in recognition of unusual or nonrecurring events affecting the Company, any Affiliate, or the financial statements of the Company or any Affiliate, or of changes in
applicable laws, regulations, or accounting principles, whenever the Committee determines that such adjustments are appropriate in order to prevent dilution or enlargement of the benefits or potential benefits to be made available under the Plan.

 SECTION 5. ELIGIBILITY 
 Any Spin-Off Participant shall be eligible to be designated a Participant. 
 SECTION 6. AWARDS 

(a) OPTIONS. The Committee is hereby authorized to grant Options to Participants with the following terms and conditions and with such
additional terms and conditions, in either case not inconsistent with the provisions of the Plan, as the Committee shall determine: 
 (i)
EXERCISE PRICE. The purchase price per Share purchasable under an Option shall be determined by the Committee; provided, however, and except as provided in 

  
 A-7 

 
Section 4(b), that such purchase price shall not be less than 100% of the Fair Market Value of a Share on the date of grant of such Option unless such Option is assumed in connection with
the Spin-Off. 
 (ii) OPTION TERM. The term of each Option shall not exceed ten (10) years from
the date of grant. 
 (iii) TIME AND METHOD OF EXERCISE. The Committee shall establish in the applicable Award Agreement the time or times
at which an Option may be exercised in whole or in part, and the method or methods by which, and the form or forms, including, without limitation, cash, Shares, or other Awards, or any combination thereof, having a Fair Market Value on the exercise
date equal to the relevant exercise price, in which, payment of the exercise price with respect thereto may be made or deemed to have been made. 

(iv) INCENTIVE STOCK OPTIONS. The terms of any Incentive Stock Option granted under the Plan shall be designed to comply in all respects with
the provisions of Section 422 of the Code, or any successor provision thereto, and any regulations promulgated thereunder. For the avoidance of doubt, Incentive Stock Options shall not be granted to Directors. Notwithstanding anything in this
Section 6(a) to the contrary, Options designated as Incentive Stock Options shall not be eligible for treatment under the Code as Incentive Stock Options (and will be deemed to be Non-Qualified Stock
Options) to the extent that either (1) the aggregate Fair Market Value of Shares (determined as of the time of grant) with respect to which such Options are exercisable for the first time by the Participant during any calendar year (under all
plans of the Company and any subsidiary) exceeds $100,000, taking Options into account in the order in which they were granted, or (2) such Options otherwise remain exercisable but are not exercised within three (3) months of termination
of employment (or such other period of time provided in Section 422 of the Code). 
 (b) STOCK APPRECIATION RIGHTS. The Committee is
hereby authorized to grant Stock Appreciation Rights to Participants. Subject to the terms of the Plan and any applicable Award Agreement, a Stock Appreciation Right granted under the Plan shall confer on the holder thereof a right to receive, upon
exercise thereof, the excess of (1) the Fair Market Value of one Share on the date of exercise over (2) the grant price of the right as specified by the Committee. 

(i) GRANT PRICE. The grant price per share of each Stock Appreciation Right shall be determined by the Committee, provided, however, and
except as provided in Section 4(b), that such price shall not be less than 100% of the Fair Market Value of one Share on the date of grant of the Stock Appreciation Right, except that if a Stock Appreciation Right is at any time granted in
tandem to an Option, the grant price of the Stock Appreciation Right shall not be less than the exercise price of such Option. 
 (ii) TERM.
The term of each Stock Appreciation Right shall not exceed ten (10) years from the date of grant. 

  
 A-8 

 (iii) TIME AND METHOD OF EXERCISE. The Committee shall establish in the applicable Award
Agreement the time or times at which a Stock Appreciation Right may be exercised in whole or in part. 
 (c) RESTRICTED STOCK AND RESTRICTED
STOCK UNITS. 
 (i) ISSUANCE. The Committee is hereby authorized to grant Awards of Restricted Stock and Restricted Stock Units to
Participants. 
 (ii) RESTRICTIONS. Awards of Restricted Stock and Restricted Stock Units shall be subject to such restrictions as the
Committee may establish in the applicable Award Agreement (including, without limitation, any limitation on the right to vote a Share of Restricted Stock or the right to receive any dividend or other right), which restrictions may lapse separately
or in combination at such time or times, in such installments or otherwise, as the Committee may deem appropriate. Unrestricted Shares, evidenced in such manner as the Committee shall deem appropriate, shall be delivered to the holder of Restricted
Stock promptly after such restrictions have lapsed. 
 (iii) REGISTRATION. Any Restricted Stock or Restricted Stock Units granted under the
Plan may be evidenced in such manner as the Committee may deem appropriate, including, without limitation, book-entry registration or issuance of a stock certificate or certificates. In the event any stock certificate is issued in respect of Shares
of Restricted Stock granted under the Plan, such certificate shall be registered in the name of the Participant and shall bear an appropriate legend referring to the terms, conditions, and restrictions applicable to such Restricted Stock. 

(iv) FORFEITURE. Upon termination of employment during the applicable restriction period, except as determined otherwise by the Committee, all
Shares of Restricted Stock and all Restricted Stock Units still, in either case, subject to restriction shall be forfeited and reacquired by the Company. 

(d) PERFORMANCE AWARDS. The Committee is hereby authorized to grant Performance Awards to Participants. Performance Awards include
arrangements under which the grant, issuance, retention, exercisability, vesting and/or transferability of any Award is subject to such Performance Criteria and such additional conditions or terms as the Committee may designate. Subject to the terms
of the Plan and any applicable Award Agreement, a Performance Award granted under the Plan: 
 (i) may be denominated or payable in cash,
Shares (including, without limitation, Restricted Stock), other securities, or other Awards; and 
 (ii) shall confer on the holder thereof
rights valued as determined by the Committee and payable to, or exercisable by, the holder of the Performance Award, in whole or in part, upon the achievement of such performance goals during such Performance Periods as the Committee shall
establish. 
 (e) DIVIDEND EQUIVALENTS. The Committee is hereby authorized to grant to Participants Awards (other than Options and Stock
Appreciation Rights) under which the holders 

  
 A-9 

 
thereof shall be entitled to receive payments equivalent to dividends or interest with respect to a number of Shares determined by the Committee, and the Committee may provide that such amounts
(if any) shall be deemed to have been reinvested in additional Shares and paid out only on and when Shares actually vest, are earned or are received under such Awards. Subject to the terms of the Plan and any applicable Award Agreement, such Awards
may have such terms and conditions as the Committee shall determine. 
 (f) OTHER STOCK-BASED AWARDS. The Committee is hereby authorized to
grant to Participants such other Awards, including, but not limited to, Deferred Stock Units, that are denominated or payable in, valued in whole or in part by reference to, or otherwise based on or related to, Shares (including, without limitation,
securities convertible into Shares), as are deemed by the Committee to be consistent with the purposes of the Plan, provided, however, that such grants must comply with applicable law. Subject to the terms of the Plan and any applicable Award
Agreement, the Committee shall determine the terms and conditions of such Awards. Shares or other securities delivered pursuant to a purchase right granted under this Section 6(f) shall be purchased for such consideration, which may be paid by
such method or methods and in such form or forms, including, without limitation, cash, Shares, other securities, or other Awards, or any combination thereof, as the Committee shall determine, the value of which consideration, as established by the
Committee, and except as provided in Section 4(b), shall not be less than the Fair Market Value of such Shares or other securities as of the date such purchase right is granted. 

(g) GENERAL. 
 (i) NO CASH
CONSIDERATION FOR AWARDS. Awards shall be granted for no cash consideration or for such minimal cash consideration as may be required by applicable law. 

(ii) AWARDS MAY BE GRANTED SEPARATELY OR TOGETHER. Awards may, in the discretion of the Committee, be granted either alone or in addition to,
in tandem with, or in substitution for any other Award or any award granted under any other plan of the Company or any Affiliate. Awards granted in addition to or in tandem with other Awards, or in addition to or in tandem with awards granted under
any other plan of the Company or any Affiliate, may be granted either at the same time as or at a different time from the grant of such other Awards or awards. 

(iii) FORMS OF PAYMENT UNDER AWARDS. Subject to the terms of the Plan and of any applicable Award Agreement, payments or transfers to be made
by the Company or an Affiliate upon the grant, exercise, or payment of an Award may be made in such form or forms as the Committee shall determine, including, without limitation, cash, Shares, rights in or to Shares issuable under the Award or other
Awards, other securities, or other Awards, or any combination thereof, and may be made in a single payment or transfer, in installments, or on a deferred basis, in each case in accordance with rules and procedures established by the Committee. Such
rules and procedures may include, without limitation, provisions for the payment or crediting of reasonable interest on installment or deferred payments or the grant or crediting of Dividend Equivalents in respect of installment or deferred
payments. 

  
 A-10 

 (iv) LIMITS ON TRANSFER OF AWARDS. Except as provided by the Committee, no Award and no
right under any such Award, shall be assignable, alienable, saleable, or transferable by a Participant otherwise than by will or by the laws of descent and distribution provided, however, that, if so determined by the Committee, a Participant may,
in the manner established by the Committee, designate a beneficiary or beneficiaries to exercise the rights of the Participant with respect to any Award upon the death of the Participant. Each Award, and each right under any Award, shall be
exercisable, during the Participant’s lifetime, only by the Participant or, if permissible under applicable law, by the Participant’s guardian or legal representative. No Award and no right under any such Award, may be pledged, alienated,
attached, or otherwise encumbered, and any purported pledge, alienation, attachment, or encumbrance thereof shall be void and unenforceable against the Company or any Affiliate. 

(v) PER-PERSON LIMITATION FOR SALARIED EMPLOYEES. The aggregate dollar value of any Awards granted to
a Salaried Employee under the Plan (based on the grant date fair value of Awards as determined for financial reporting purposes, which shall be calculated based on the target value for any performance based award) in any fiscal year may not exceed
$20,000,000. 
 (vi) PER-PERSON LIMITATION FOR DIRECTORS. The aggregate dollar value of (A) any
Awards granted to a Director under the Plan (based on the grant date fair value of Awards as determined for financial reporting purposes) and (B) any cash or other compensation that is not equity-based and that is paid by the Company under the
Plan with respect to the Director’s service as a Director for any fiscal year may not exceed $1,500,000. The Committee may make exceptions to the foregoing limit for a Director or committee of Directors, as it may determine in its discretion,
provided that (C) the aggregate dollar value of any such additional compensation may not exceed $1,000,000 for the fiscal year and (D) the Director receiving such additional compensation does not participate in the decision to award such
compensation. 
 (vii) CONDITIONS AND RESTRICTIONS UPON SECURITIES SUBJECT TO AWARDS. The Committee may provide that the Shares issued upon
exercise of an Option or Stock Appreciation Right or otherwise subject to or issued under an Award shall be subject to such further agreements, restrictions, conditions or limitations as the Committee in its discretion may specify prior to the
exercise of such Option or Stock Appreciation Right or the grant, vesting or settlement of such Award, including without limitation, conditions on vesting or transferability and forfeiture or repurchase provisions or provisions on payment of taxes
arising in connection with an Award. Without limiting the foregoing, such restrictions may address the timing and manner of any resales by the Participant or other subsequent transfers by the Participant of any Shares issued under an Award,
including without limitation: (A) restrictions under an insider trading policy or pursuant to applicable law, (B) restrictions designed to delay and/or coordinate the timing and manner of sales by Participant and holders of other Company
equity compensation arrangements, (C) restrictions as to the use of a specified brokerage firm for such resales or other transfers and (D) provisions requiring Shares to be sold on the open market or to the Company in order to satisfy tax
withholding or other obligations. 

  
 A-11 

 (viii) SHARE CERTIFICATES. All Shares or other securities delivered under the Plan pursuant
to any Award or the exercise thereof shall be subject to such stop transfer orders and other restrictions as the Committee may deem advisable under the Plan or the rules, regulations, and other requirements of the Securities and Exchange Commission,
any stock exchange upon which such Shares or other securities are then listed, and any applicable Federal, state, or local securities laws, and the Committee may cause a legend or legends to be put on any such certificates to make appropriate
reference to such restrictions. 
 (ix) NO REPRICING. Except in connection with a corporate transaction or adjustment described in
Section 4(b) of the Plan, the terms of outstanding Options, Stock Appreciation Rights or other Stock-Based Awards encompassing rights to purchase Shares that have an exercise or purchase price in excess of the Fair Market Value of a Share may
not be amended to reduce the exercise or purchase price of such Awards, and any such outstanding Options, Stock Appreciation Rights or other Stock-Based Awards encompassing rights to purchase Shares may not be exchanged for cash or property, other
Awards, or Options, Stock Appreciation Rights or other Stock-Based Awards encompassing rights to purchase Shares with an exercise or purchase price that is less than the exercise or purchase price of the original Awards, in each case unless approved
by shareowners. 
 (x) RECOUPMENT. The Plan will be administered in compliance with Section 10D of the Securities Exchange Act of 1934,
as amended, any applicable rules or regulations promulgated by the Securities and Exchange Commission or any national securities exchange or national securities association on which the Shares may be traded, and any Company policy adopted with
respect to compensation recoupment. This Section 6(g)(x) will not be the Company’s exclusive remedy with respect to such matters. 
 SECTION 7.
AMENDMENT AND TERMINATION 
 Except to the extent prohibited by applicable law and unless otherwise expressly provided in an Award Agreement or in the
Plan: 
 (a) AMENDMENTS TO THE PLAN. The Board may amend, alter, suspend, discontinue, or terminate the Plan, in whole or in part; provided,
however, that without the prior approval of the Company’s shareowners, no material amendment shall be made if shareowner approval is required by law, regulation, or stock exchange, and; PROVIDED, FURTHER, that, notwithstanding any other
provision of the Plan or any Award Agreement, no such amendment, alteration, suspension, discontinuation, or termination shall be made without the approval of the shareowners of the Company that would: 

(i) increase the total number of Shares available for Awards under the Plan, except as provided in Section 4 hereof; or 

(ii) amend Section 6(g)(ix) or, except as provided in Section 4(b), permit Options, Stock Appreciation Rights, or other Stock-Based
Awards encompassing rights to purchase Shares to be repriced, replaced, or exchanged as described in Section 6(g)(ix). 
 (b)
AMENDMENTS TO AWARDS. Subject to Section 6(g)(ix), the Committee may waive any conditions or rights under, amend any terms of, or amend, alter, suspend, discontinue, 

  
 A-12 

 
or terminate, any Awards theretofore granted, prospectively or retroactively. No such amendment or alteration shall be made which would impair the rights of any Participant, without such
Participant’s consent, under any Award theretofore granted, provided that no such consent shall be required with respect to any amendment or alteration if the Committee determines in its sole discretion that such amendment or alteration either
(i) is required or advisable in order for the Company, the Plan or the Award to satisfy or conform to any law or regulation or to meet the requirements of any accounting standard, or (ii) is not reasonably likely to significantly diminish
the benefits provided under such Award. 
 SECTION 8. GENERAL PROVISIONS 

(a) NO RIGHTS TO AWARDS. No Salaried Employee, Participant or other Person shall have any claim to be granted any Award under the Plan, or,
having been selected to receive an Award under this Plan, to be selected to receive a future Award, and further there is no obligation for uniformity of treatment of Salaried Employees, Participants, or holders or beneficiaries of Awards under the
Plan. The terms and conditions of Awards need not be the same with respect to each recipient. 
 (b) WITHHOLDING. The Company or any
Affiliate shall be authorized to withhold from any Award granted or any payment due or transfer made under any Award or under the Plan the amount (in cash, Shares, other securities, or other Awards) of taxes required or permitted to be withheld (up
to the maximum statutory tax rate in the relevant jurisdiction) in respect of an Award, its exercise, or any payment or transfer under such Award or under the Plan and to take such other action as may be necessary or appropriate in the opinion of
the Company or Affiliate to satisfy withholding taxes. 
 (c) NO LIMIT ON OTHER COMPENSATION ARRANGEMENTS. Nothing contained in the Plan
shall prevent the Company or any Affiliate from adopting or continuing in effect other or additional compensation arrangements, and such arrangements may be either generally applicable or applicable only in specific cases. 

(d) NO RIGHT TO EMPLOYMENT. The grant of an Award shall not constitute an employment contract nor be construed as giving a Participant the
right to be retained in the employ of the Company or any Affiliate. Further, the Company or an Affiliate may at any time dismiss a Participant from employment, free from any liability, or any claim under the Plan, unless otherwise expressly provided
in the Plan or in any Award Agreement. 
 (e) GOVERNING LAW. The validity, construction, and effect of the Plan and any rules and
regulations relating to the Plan shall be determined in accordance with the laws of the State of New York and applicable Federal law without regard to conflict of law. 

(f) SEVERABILITY. If any provision of the Plan or any Award is or becomes or is deemed to be invalid, illegal, or unenforceable in any
jurisdiction, or as to any Person or Award, or would disqualify the Plan or any Award under any law deemed applicable by the Committee, such provision shall be construed or deemed amended to conform to applicable laws, or if it cannot be so
construed or deemed amended without, in the determination of the Committee, materially altering the intent of the Plan or the Award, such provision shall be stricken as to such 

  
 A-13 

 
jurisdiction, Person, or Award, and the remainder of the Plan and any such Award shall remain in full force and effect. 

(g) NO TRUST OR FUND CREATED. Neither the Plan nor any Award shall create or be construed to create a trust or separate fund of any kind or a
fiduciary relationship between the Company or any Affiliate and a Participant or any other Person. To the extent that any Person acquires a right to receive payments from the Company or any Affiliate pursuant to an Award, such right shall be no
greater than the right of any unsecured general creditor of the Company or any Affiliate. 
 (h) NO FRACTIONAL SHARES. No fractional Shares
shall be issued or delivered pursuant to the Plan or any Award, and the Committee shall determine whether cash, or other securities shall be paid or transferred in lieu of any fractional Shares, or whether such fractional Shares or any rights
thereto shall be canceled, terminated, or otherwise eliminated. 
 (i) HEADINGS. Headings are given to the Sections and subsections of the
Plan solely as a convenience to facilitate reference. Such headings shall not be deemed in any way material or relevant to the construction or interpretation of the Plan or any provision thereof. 

(j) INDEMNIFICATION. Subject to requirements of New York State law, each individual who is or shall have been a member of the Board, or a
Committee appointed by the Board, or an officer or manager of the Company to whom authority was delegated in accordance with Section 3, 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 him or her in connection with or resulting from any claim, action, suit, or proceeding to which he or she may be a party or in which he or she may be involved by reason of any action taken or
failure to act under this Plan and against and from any and all amounts paid by him or her in settlement thereof, with the Company’s approval, or paid by him or her in satisfaction of any judgment in any such action, suit, or proceeding against
him or her, provided he or she shall give the Company an opportunity, at its own expense, to handle and defend the same before he or she undertakes to handle and defend it on his/her own behalf, unless such loss, cost, liability, or expense is a
result of his/her own willful misconduct or except as expressly provided by statute. The foregoing right of indemnification shall not be exclusive of any other rights of indemnification to which such individuals may be entitled under the
Company’s Certificate of Incorporation or Bylaws, as a matter of law, or otherwise, or any power that the Company may have to indemnify them or hold them harmless. 

(k) COMPLIANCE WITH SECTION 409A OF THE CODE. Except to the extent specifically provided otherwise by the Committee, Awards under the Plan are
intended to be exempt from or satisfy the requirements of Section 409A of the Code (and the Treasury Department guidance and regulations issued thereunder) so as to avoid the imposition of any additional taxes or penalties under
Section 409A of the Code. If the Committee determines that an Award, Award Agreement, payment, distribution, deferral election, transaction or any other action or arrangement contemplated by the provisions of the Plan would, if undertaken,
cause a Participant to become subject to any additional taxes or other penalties under Section 409A of the Code, then unless the Committee specifically provides otherwise, such Award, Award Agreement, payment, distribution, deferral election,
transaction or other action or arrangement 

  
 A-14 

 
shall not be given effect to the extent it causes such result and the related provisions of the Plan and/or Award Agreement will be deemed modified, or, if necessary, suspended in order to comply
with the requirements of Section 409A of the Code to the extent determined appropriate by the Committee, in each case without the consent of or notice to the Participant. 

(l) NO REPRESENTATIONS OR COVENANTS WITH RESPECT TO TAX QUALIFICATION. Although the Company may endeavor to (i) qualify an Award for
favorable U.S. or foreign tax treatment (e.g., incentive stock options under Section 422 of the Code or French qualified stock options) or (ii) avoid adverse tax treatment (e.g., under Section 409A of the Code), the Company makes no
representation to that effect and expressly disavows any covenant to maintain favorable or avoid unfavorable tax treatment. The Company shall be unconstrained in its corporate activities without regard to the potential negative tax impact on holders
of Awards under the Plan. 
 (m) AWARDS TO NON-U.S. EMPLOYEES. The Committee shall have the power
and authority to determine which Affiliates shall be covered by this Plan and which employees outside the U.S. shall be eligible to participate in the Plan. The Committee may adopt, amend or rescind rules, procedures or sub-plans relating to the operation and administration of the Plan to accommodate the specific requirements of local laws, procedures, and practices. Without limiting the generality of the foregoing, the Committee
is specifically authorized to adopt rules, procedures and sub-plans with provisions that limit or modify rights on death, disability or retirement or on termination of employment; available methods of exercise
or settlement of an award; payment of income, social insurance contributions and payroll taxes; the withholding procedures and handling of any stock certificates or other indicia of ownership which vary with local requirements. The Committee may
also adopt rules, procedures or sub-plans applicable to particular Affiliates or locations. 
 (n)
COMPLIANCE WITH LAWS. The granting of Awards and the issuance of Shares under the Plan shall be subject to all applicable laws, rules, and regulations, and to such approvals by any governmental agencies or stock exchanges on which the Company’s
securities are listed as may be required. The Company shall have no obligation to issue or deliver evidence of title for Shares issued under the Plan prior to: 

(i) obtaining any approvals from governmental agencies that the Company determines are necessary or advisable; and 

(ii) completion of any registration or other qualification of the Shares under any applicable national or foreign law or ruling of any
governmental body that the Company determines to be necessary or advisable or at a time when any such registration or qualification is not current, has been suspended or otherwise has ceased to be effective. 

The inability or impracticability of the Company to obtain or maintain authority from any regulatory body having jurisdiction, which authority
is deemed by the Company’s counsel to be necessary to the lawful issuance and sale of any Shares hereunder, shall relieve the Company of any liability in respect of the failure to issue or sell such Shares as to which such requisite authority
shall not have been obtained. 

  
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 SECTION 9. EFFECTIVE DATE OF THE PLAN 

The Plan shall become effective as of the date of the consummation of the Spin-Off (the “Effective Date”).

 SECTION 10. TERM OF THE PLAN 
 No Award shall be
granted under the Plan other than the Spin-Off Awards. However, unless otherwise expressly provided in the plan or in an applicable Award Agreement, any Award theretofore granted may extend beyond such date,
and the authority of the Committee to amend, alter, adjust, suspend, discontinue, or terminate any such Award, or to waive any conditions or rights under any such Award, and the authority of the Board to amend the Plan, shall extend beyond such
date. 

  
 A-16

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00350-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00350-of-00352.parquet"}]]