Document:

Separation Agreement and General Release - Richard P. Johnson

 Exhibit 10.19 
 SEPARATION AGREEMENT AND GENERAL RELEASE 
 This Separation Agreement and
General Release of Claims (this “Agreement”), dated as of May 21, 2010, is entered into by and between Richard P. Johnson (“Executive”), and American Tire Distributors, Inc., a Delaware corporation (the
“Company”, subject to Section 5(k)) (collectively, the “Parties”). 
 RECITALS

 A. Pursuant to the terms of the Employment Agreement made and entered into as March 31, 2005, by and between the
Company and Executive (as amended from time to time, the “Employment Agreement”), Executive is currently employed by the Company and serves as a member of the Board of Directors of American Tire Distributors Holdings, Inc.
(“Parent”); 
 B. Parent has entered into an Agreement and Plan of Merger, dated as of April 20, 2010 (as
the same may be amended, the “Merger Agreement”), by and among, Parent, Accelerate Holdings Corp., Accelerate Acquisition Corp. (“Merger Sub”) and Investcorp International, Inc., as Stockholders Representative,
pursuant to which, Merger Sub will merge (the “Merger”) with and into the Company and in connection therewith all directors of Parent are required to resign unless otherwise agreed to by the parties to the Merger Agreement; and

 C. In connection with the transactions contemplated by the Merger Agreement, the Parties have determined that it is in their
mutual best interests for Executive’s employment and service with the Company and its affiliates to terminate on the terms and conditions set forth herein. 
 NOW THEREFORE, it is understood and agreed by and between the Parties hereto that in full, sufficient and complete consideration of the mutual promises and covenants contained herein, Executive and the
Company hereby agree as follows: 
 AGREEMENT 
 1. Resignation. Effective as of the Closing Date (as such term is defined in the Merger Agreement), Executive hereby resigns his employment with the Company, as well as all other positions that
Executive may hold as an employee, officer and/or director of Parent or any of its subsidiaries or affiliates (such resignation date, the “Separation Date”). 
 2. Continued Payment Of Wages and Accrued Vacation. From the date hereof until the Separation Date, Executive shall continue to receive his base salary and participate in all Company benefit plans
in which he and/or his dependents currently participate. On the Separation Date, the Company shall pay Executive all unpaid wages and accrued vacation pay through the Separation Date and, except as provided in Section 4 below, Executive’s
(and Executive’s dependents) participation in Company benefit plans shall cease and terminate. 
 3. Severance Pay.
Notwithstanding anything to the contrary in the Employment Agreement, on the Separation Date, the Company shall pay to Executive a lump severance payment equal to $300,000 less required withholdings and deductions paid on the Separation Date.
Executive shall not be entitled to any other or additional payments with respect to 

 
Executive’s employment, including any annual performance-based cash bonus program, severance programs or similar obligations (it being agreed that the payment pursuant to this Section 3
shall be in lieu of any such participation, severance payment or other obligation pursuant to the terms of any Company benefit plan or the Employment Agreement). 
 4. Continuation of Benefits. Executive shall be entitled to continued participation by Executive and his immediate family at the Company’s expense in the health benefit plan or program
maintained by the Company from time to time until Executive’s sixty-fifth birthday. 
 5. Further Obligations

 (a) Executive acknowledges receipt of any salary, wages, incentives, bonuses, commissions and any other type of compensation
due to Executive, and Executive acknowledges that Executive has been paid in full and is owed no additional compensation of any kind, for work performed through and including the date hereof, except as provided under Sections 2 and 3 above.
Executive further acknowledges that, as of the date of Executive’s signing of this Agreement, Executive has sustained no injury or illness related in any way to Executive’s employment with the Company for which a workers compensation claim
has not already been filed. 
 (b) In return for the Company’s agreement to provide Executive with the consideration
referred to in Sections 2, 3 and 4, Executive, for Executive and Executive’s heirs, beneficiaries, designees, privies;. executors, administrators, attorneys, representatives, and agents, and Executive’s and their assigns, successors and
predecessors, hereby releases and forever discharges the Company and its parents, subsidiaries and affiliates, its and their officers, directors, employees, members, agents, attorneys and representatives, and the predecessors, successors and assigns
of each of the foregoing (collectively, the “Released Parties”) from any and all actions, causes of action, suits, debts, claims, complaints, charges, contracts, controversies, agreements, promises, damages, counterclaims,
cross-claims, claims for contribution and/or indemnity, claims for costs and/or attorneys’ fees, judgments and demands whatsoever, in law or equity, known or unknown, Executive ever had, now has, or may have against the Released Parties as of
the date of Executive’s signing of this Agreement. This release includes, but is not limited to, any claims alleging breach of express or implied contract, wrongful discharge, constructive discharge, breach of an implied covenant of good faith
and fair dealing, negligent or intentional infliction of emotional distress, negligent supervision or retention, violation of the Age Discrimination in Employment Act, the Older Workers Benefit Protection Act, the Civil Rights Act of 1866, Title VII
of the Civil Rights Act of 1964, the Americans with Disabilities Act, the Sarbanes-Oxley Act of 2002, claims pursuant to any other federal, state or local law regarding discrimination, harassment or retaliation based on age, race, sex, religion,
national origin, marital status, disability, sexual orientation or any other unlawful basis or protected status or activity, and claims for alleged violation of any other local, state or federal law, regulation, ordinance, public policy or
common-law duty having any bearing whatsoever upon the terms and conditions of, and/or the cessation of Executive’s employment with and by the Company. This release does not include claims that ay not be released under applicable law.

 (c) Executive agrees not only to release and discharge the Released Parties from any and all
claims against the Released Parties that Executive could make on Executive’s own behalf, but also those which may have been or may be made by any other person or organization on Executive’s behalf. Executive specifically waives any right
to become, and promises not to become, a member of any class in a case in which any claim or claims are asserted against any of the Released Parties based on any acts or omissions occurring on or before the date of Executive’s signing of this
Agreement and Release. If Executive is asserted to be a member of a class in a case against any of the Released Parties based on any acts or omissions occurring on or before the date of Executive’s signing of this Agreement, Executive shall
immediately withdraw with prejudice in writing from said class, if permitted by law to do so. Executive agrees that Executive will not encourage or assist any person in filing or pursuing any proceeding, action, charge, complaint, or claim against
the Released Parties, except as required by law. 
 (d) This Agreement is not intended to interfere with Executive’s
exercise of any protected, nonwaivable right, including Executive’s right to file a charge with the Equal Employment Opportunity Commission or other government agency. By entering into this Agreement, however, Executive acknowledges that the
consideration set forth herein is in full satisfaction of any amounts to which Executive might be entitled and Executive is forever discharging the Released Parties from any liability to Executive for any acts or omissions occurring on or before the
date of Executive’s signing of this Agreement. 
 (e) Neither this Agreement, nor anything contained herein, shall be
construed as an admission by the Released Parties of any liability or unlawful conduct whatsoever. The parties hereto agree and understand that the consideration set forth herein was negotiated as a compromise between the Parties and is in excess of
that which the Company may otherwise obligated to provide to Executive, and it is provided solely in consideration of Executive’s execution of this Agreement. The Parties agree that the consideration set forth herein sufficient consideration
for the release being given by Executive in this Section 5, and for Executive’s other promises herein. 
 (f)
Executive acknowledges that in the course of Executive’s employment with the Company Executive became familiar with trade secrets and other confidential information of the Company and the Executive’s services were of a special, unique and
extraordinary value to the Company. Therefore, in consideration of the foregoing and the payments and benefits to be provided hereunder, Executive agrees that for thirty-six months following the date hereof (the “Noncompete
Period”), Executive shall not directly or indirectly own, manage, control, participate in, consult with, render services for, or in any manner engage in any business competing with any business of the Company within North America and any
other geographical area in which the Company then engages in business or engaged in business at any time during Executive’s employment with the Company. Nothing in this Section 5(f) shall prohibit Executive from being a passive owner of
not more than two percent of the outstanding stock of any class of a corporation which is publicly traded so long as Executive has no direct or indirect active participation in the business of such corporation. 

 (g) During the Noncompete Period, Executive shall not directly or indirectly (i) induce
or attempt to induce any employee of the Company to terminate such employment, or in any way interfere with the employee relationship between the Company and any such employee, (ii) hire any person who is, or at any time during Executive’s
employment with the Company was, an employee of the Company or (iii) induce or attempt to induce any person having a business relationship with the Company to cease doing business with the Company or interfere materially with the relationship
between any such person and the Company. 
 (h) Executive agrees that Executive shall not use for Executive’s own purpose
or for the benefit of any person or entity other than the Company or its shareholders or affiliates, nor shall Executive otherwise disclose to any individual or entity any proprietary information of the Company unless such disclosure (x) has
been authorized by the Board of Directors of the Company or (y) is required by law, a court of competent jurisdiction or a governmental or regulatory agency. For purposes of this Agreement, “proprietary information” shall mean:
(i) the name or address of any customer, supplier or affiliate of the Company or any information concerning the transactions or relations of any customer, supplier or affiliate of the Company or any of its shareholders; (ii) any
information concerning any product, service, technology or procedure offered or used by the Company, or under development by or being considered for use by the Company; (iii) any information relating to marketing or pricing plans or methods,
capital structure, or any business or strategic plans of the Company; (iv) any inventions, innovations, trade secrets or other items covered by Section 5(j) below; and (v) any other information which the Board of Directors of the
Company has determined by resolution and communicated to Executive in writing to be proprietary information for purposes hereof. However, proprietary information shall not include any information that is or becomes generally known to the public
other than through actions of the Executive in violations of Sections 5(f) or 5(g) or this Section 5(h). 
 (i) Executive
represents that Executive has previously surrendered to the Company all correspondence, memoranda, files, manuals, financial, operating or marketing records, magnetic tape; or electronic and other media of any kind which was in Executive’s
possession or under Executive’s control or accessible to Executive which contained any proprietary information (collectively, “Records”), and Executive agrees that to the extent Executive otherwise comes into possession of any
such Records or any such Records come under Executive’s control or become accessible to Executive, Executive shall not retain such Records and shall promptly return them to the Company. 

(j) Executive agrees that all inventions, innovations, trade secrets, patents and process in any way relating, direct or indirectly, to
the Company’s business that were developed by Executive alone or in conjunction with others during Executive’s employment with the Company belong to the Company. Executive will use Executive’s best efforts to perform all actions
reasonably requested by the Board of Directors to establish and confirm such ownership in the Company. 
 (k) For purposes of
this Section 5, the term “Company” shall include the Company, its immediate parent (equity holding company), and all of its subsidiaries and joint ventures as the same may exist from time to time; provided, that, upon the
assignment by the Company of its rights under this Agreement, the term “Company” shall thereafter only include the Company and its subsidiaries and joint ventures. 

 6. Injunctive Relief. The Parties (a) intend that the provisions of
Section 5 be and become valid and enforceable, (b) acknowledge and agree that the provisions of Section 5 (including the duration and area for which the covenants in Sections 5(f) and (g) are to be effective) are reasonable and
necessary to protect the legitimate interests of the business of the Company and its affiliates and (c) agree that any violation of Section 5 might result in irreparable injury to the Company and its affiliates, the exact amount of which
would be difficult to ascertain and the remedies at law for which may not be reasonable or adequate compensation to the Company and its affiliates for such a violation. Accordingly, Executive agrees that if he violates the provisions of
Section 5, in addition to any other remedy which may be available at law or in equity, the Company shall be entitled to seek specific performance and injunctive relief, and without the necessity of proving actual damages. 

7. Dispute Resolution. Any dispute, claim or controversy arising out of or relating to this Agreement, including without
limitation any dispute, claim or controversy concerning validity, enforceability, breach or termination hereof, shall be finally settled by arbitration in accordance with the then-prevailing Commercial Arbitration Rules of the American Arbitration
Association, as modified herein (“Rules”). There shall be one arbitrator who shall be jointly selected by the Parties. If the Parties have not jointly agreed upon an arbitrator within twenty calendar days of respondent’s
receipt of claimant’s notice of intention to arbitrate, either Party may request the American Arbitration Association to furnish the Parties with a list of names from which the Parties shall jointly select an arbitrator. If the Parties have not
agreed upon an arbitrator within ten calendar days of the transmittal date of the list, then each Party shall have an additional five calendar days in which to strike any names objected to, number the remaining names in order of preference, and
return the list to the American Arbitration Association, which shall then select an arbitrator in accordance with Rule 13 of the Rules. The place of arbitration shall be New York, New York. By agreeing to arbitration, the Parties do not intend to
deprive any court of its jurisdiction to issue a pre-arbitral injunction, pre-arbitral attachment or other order in aid of arbitration. The arbitration shall be governed by the Federal Arbitration Act, 9 U.S.C. §§ 1-16. Judgment upon the
award of the arbitrator may be entered in any court of competent jurisdiction. Each party shall bear its or his own costs and expenses in any such arbitration and one-half of the arbitrator’s fees and expenses. 

8. Binding Effect. The Parties acknowledge that this Agreement embodies the terms of a settlement arrived at through negotiation
between the Parties, and that both Parties had an opportunity to review this Agreement with and involve counsel of their respective choosing. As such, the language of all parts of this Agreement shall in all cases be construed as a whole, according
to its fair meaning, and not strictly for or against either of the Parties. 
 9. Binding On Parties and Representatives.
This Agreement shall be binding upon Executive, and upon his spouse, heirs, administrators, representatives, executors, successors and assigns, and shall inure to the benefit of the Company and to the Releasees, and each of them, and to their
respective administrators, representatives, executors, successors and assigns. 
 10. Governing Law. This Agreement shall
be governed by and construed in accordance with the laws of the State of North Carolina, without regard to principles of conflicts of law. 

 11. Entire Agreement. This Agreement sets forth the entire agreement between the
Parties hereto and expressly supersedes any and all prior agreements or understandings between the Parties hereto pertaining to any of the subjects addressed herein, including without limitation the Employment Agreement. 

12. Amendments. This Agreement can be amended, modified or terminated only by a writing executed by both Executive and an
authorized representative of the Company. 
 13. Voluntary Execution. This Agreement is executed voluntarily by each
party without duress or influence on the part of the other party or any third person. 
 14. Invalid Provisions. If any
provision of this Agreement is determined to be invalid or unenforceable, all of the other provisions shall remain valid and enforceable notwithstanding. In the event any court or arbitrator determines that the time period or the area of the
covenants in Sections 5(f) or (g), or both of them, are unreasonable and that any of such covenants are to that extent unenforceable, the Parties agree that such covenants will remain in full force and effect first, for the greatest time period, and
second, in the greatest geographical area that would not render them unenforceable (it being understood that the Parties intend that this Agreement will be deemed to be a series of separate covenants, one for each and every county of each and every
state of the United State of America). 
 15. Counterparts and Facsimile. This Agreement may be executed in counterparts,
and each counterpart shall have the same force and effect as an original and shall constitute an effective, binding agreement on the part of each of the undersigned Parties. The Parties agree that this Agreement may be executed using facsimile
signatures and that such signatures shall be deemed to be as valid as original signatures. 
 16. No Reliance on Company
Representations. Executive represents and acknowledges that in executing this Agreement, he does not rely and has not relied upon any representation or statement not set forth herein made by any of the Releasees or by any of the Releasees’
agents, representatives or attorneys with regard to the subject matter, basis or effect of this Agreement or otherwise. 
 17.
Revocation Rights. Executive understands that in accordance with the terms of the Older Workers’ Benefits Protection Act, he has been advised to review this Agreement with counsel of his choice, and that he has twenty-one (21) days
within which to consider this Agreement before signing it, although he is not required to wait twenty one (21) days before signing this Agreement. Executive further understands that he has seven (7) days after signing this Agreement within
which to revoke it. This Agreement shall be effective on the eighth (8th) day following Executive’s signature, assuming he elects not to revoke the Agreement. In the event Executive elects to revoke this Agreement, he must do so by sending
written notice of revocation to American Tire Distributors, Inc., 12200 Herbert Wayne Court, Suite 150, Huntersville, NC 28078, Attention: J. Michael Gaither. 
 PLEASE READ CAREFULLY. THIS SEPARATION AGREEMENT AND GENERAL RELEASE INCLUDES A RELEASE OF ALL KNOWN OR UNKNOWN CLAIMS. THE PARTIES HAVE READ THIS RELEASE, UNDERSTAND AND ACCEPT EACH OF ITS TERMS, AND
AGREE TO BE FULLY BOUND HEREUNDER. 

  

							
	Dated: May 19, 2010	 		 	By:	 	 /s/ Richard P. Johnson

		 		 		 	Richard P. Johnson
			
	Dated: May 19, 2010	 		 	AMERICAN TIRE DISTRIBUTORS, INC.
				
		 		 	By:	 	 /s/ William E. Berry

		 		 		 	 Name: William E. Berry

Title:   President and Chief Executive OfficerWintegra, Inc. 2006 Amended and Restated Equity Incentive Plan

 Exhibit 4.1 
 WINTEGRA, INC. 
 2006 AMENDED AND RESTATED EQUITY INCENTIVE PLAN

 1. Purposes of the Plan. The purposes of this Equity Incentive Plan are: 

 

	 	•	 	 to attract and retain the best available personnel for positions of substantial responsibility, 

 

	 	•	 	 to provide additional incentive to Service Providers, and 

 

	 	•	 	 to promote our employees’ interest in the success of the Company’s business. 

Awards granted under the Plan may be Options, Restricted Stock, Restricted Stock Units, Stock Appreciation Rights, Performance Shares,
Performance Units, Deferred Stock Units or Dividend Equivalents, as determined by the Administrator at the time of grant. 

Furthermore, the Plan is designed to benefit from, and is made pursuant to, the provisions of Section 102 of the Ordinance, with
respect to Awards granted to Employees pursuant to the Plan. 
 2. Definitions. As used herein, the following definitions
shall apply: 
 (a) “Administrator” means the Board or any of its Committees as shall administer the Plan, in
accordance with Section 4 of the Plan. 
 (b) “Affiliate” means an “employing company” as such
term is defined in Section 102(a) of the Ordinance, other than the Company itself. 
 (c) “Applicable
Laws” means the requirements relating to the administration of, or otherwise affecting, equity compensation plans under the Companies Law, the Securities Law, other applicable laws of Israel, U.S. federal and state securities laws, the
Code, any stock exchange or quotation system on which the Shares are listed or quoted, U.S. state corporate laws, and any other country or jurisdiction where Awards are granted under the Plan or a sub-plan or addendum hereto. 

(d) “Approved 102 Award” means an Award granted pursuant to Section 102(b) of the Ordinance and held in trust by a
Trustee for the benefit of the Participant. 
 (e) “Award” means, individually or collectively, a grant under
the Plan of Options, Restricted Stock, Restricted Stock Units, Stock Appreciation Rights, Performance Shares, Performance Units, Deferred Stock Units or Dividend Equivalents. 

  
 1 

 (f) “Award Agreement” means the written or electronic agreement setting
forth the terms and provisions applicable to each Award granted under the Plan. The Award Agreement is subject to the terms and conditions of the Plan. 
 (g) “Awarded Stock” means the Shares subject to an Award. 
 (h)
“Board” means the Board of Directors of the Company. 
 (i) “Capital Gains Award (CGA)” means
an Approved 102 Award elected and designated by the Company to qualify for capital gains tax treatment in accordance with Section 102(b)(2) of the Ordinance. 
 (j) “Change of Control” means the occurrence of any of the following events, in one or a series of related transactions: 

(i) any individual or entity, other than the Company, a subsidiary of the Company or a Company employee benefit plan, including any
trustee of such plan acting as trustee, is or becomes the “beneficial owner”, directly or indirectly, of securities of the Company representing fifty percent (50%) or more of the combined voting power of the Company’s then
outstanding securities entitled to vote generally in the election of directors; or 
 (ii) the consummation of the merger or
consolidation of the Company or any direct or indirect subsidiary of the Company with any other corporation, other than a merger or consolidation which would result in the voting securities of the Company outstanding immediately prior thereto
continuing to represent (either by remaining outstanding or by being converted into voting securities of the surviving entity) at least fifty percent (50%) of the total voting power represented by the voting securities of the Company or such
surviving entity outstanding immediately after such merger or consolidation; or 
 (iii) the sale or disposition by the Company
of all or substantially all the Company’s assets. 
 (k) “Code” means the Internal Revenue Code of 1986,
as amended. Reference to a specific section of the Code or regulation thereunder shall include such section or regulation, any valid regulation promulgated under such section, and any comparable provision of any future legislation or regulation
amending, supplementing or superseding such section or regulation. 
 (l) “Committee” means a Committee
consisting of members of the Board appointed by the Board in accordance with Section 4 of the Plan, including a committee of one if so designated. 
 (m) “Common Stock” means the common stock of the Company. 
 (n)
“Companies Law” means the Israeli Companies Law, 5759-1999. 

  
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 (o) “Company” means Wintegra, Inc. 

(p) “Consultant” means any person, other than an Employee, engaged by the Company or any Affiliate to render services
and who is compensated for such services. 
 (q) “Continuous Status as a Director” means that the Director
relationship is not interrupted or terminated. 
 (r) “Controlling Shareholder” shall have the meaning ascribed
to such term in Section 32(9) of the Ordinance. 
 (s) “Deferred Stock Unit” means a deferred stock unit
Award granted to a Participant pursuant to Section 14. 
 (t) “Director” means a member of the Board.

 (u) “Disability” means total and permanent disability as defined in Section 22(e)(3) of the Code,
provided that in the case of Awards other than Incentive Stock Options, the Administrator in its discretion may determine whether a permanent and total disability exists in accordance with uniform and non-discriminatory standards adopted by the
Administrator from time to time. 
 (v) “Dividend Equivalent” means a credit, payable in cash, made at the
discretion of the Administrator, to the account of a Participant in an amount equal to the cash dividends paid on one Share for each Share represented by an Award held by such Participant. The Dividend Equivalent for each Share subject to an Award
shall only be paid to a Participant on the vesting date for such Share. 
 (w) “Election” means the
Company’s election of the type of Approved 102 Awards as set forth in Section 19(b)(iii). 
 (x)
“Employee” means any person employed by the Company or any Affiliate of the Company, and includes Officers and Directors. A Service Provider shall not cease to be an Employee in the case of (i) any leave of absence approved by
the Company or (ii) transfers between locations of the Company or between the Company, any Subsidiary, or any successor. 

(y) “Exchange Act” means the Securities Exchange Act of 1934, as amended. 

(z) “Exchange Program” means a program under which (i) outstanding Awards are surrendered or cancelled in exchange
for Awards of the same type (which may have lower exercise prices and different terms), Awards of a different type, and/or cash, and/or (ii) the exercise price of an outstanding Award is reduced. The Administrator will determine the terms and
conditions of any Exchange Program in its sole discretion. 

  
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 (aa) “Fair Market Value” means, as of any date, the value of Shares
determined as follows: 
 (i) If the Shares are listed on any established stock exchange or a national market system, including
without limitation the Nasdaq National Market of the National Association of Securities Dealers, Inc. Automated Quotation (“Nasdaq”) System, the Fair Market Value of a Share shall be the closing sales price for such shares (or the closing
bid, if no sales were reported) as quoted on such system or exchange (or the exchange with the greatest volume of trading in Shares) on the day of determination, as reported in The Wall Street Journal or such other source as the Administrator
deems reliable; 
 (ii) If the Shares are quoted on the Nasdaq System (but not on the Nasdaq National Market thereof) or are
regularly quoted by a recognized securities dealer but selling prices are not reported, the Fair Market Value of a Share shall be the mean between the high bid and low asked prices for the Shares on the last market trading day prior to the day of
determination, as reported in The Wall Street Journal or such other source as the Administrator deems reliable; 
 (iii)
In the absence of an established market for the Shares, the Fair Market Value shall be determined in good faith by the Administrator. 
 (bb) “Fiscal Year” means the fiscal year of the Company. 
 (cc)
“Incentive Stock Option” means an Option intended to qualify as an incentive stock option within the meaning of Section 422 of the Code and the regulations promulgated thereunder. 

(dd) “Inside Director” means a Director who is an Employee. 

(ee) “ITA” means the Israeli Tax Authorities. 
 (ff) “Nonstatutory Stock Option” means an Option that by its terms does not qualify or is not intended to qualify as an Incentive Stock Option. 

(gg) “Officer” 
 (hh) “Option” means a stock option granted pursuant to the Plan. 

(ii) “Optioned Stock” means the Common Stock subject to an Award. 

(jj) “Outside Director” means a Director who is not an Employee. 

(kk) “Parent” means a “parent corporation,” whether now or hereafter existing, as defined in
Section 424(e) of the Code. 

  
 4 

 (ll) “Non-approved 102 Award” means an Award granted pursuant to
Section 102(c) of the Ordinance and not held in trust by a Trustee. 
 (mm) “Notice of Grant” means a
written or electronic notice evidencing certain terms and conditions of an individual Award. The Notice of Grant is part of the Award Agreement. 
 (nn) “Officer” means a person who is an officer of the Company within the meaning of Section 16 of the Exchange Act and the rules and regulations promulgated thereunder.
Additionally, with respect to Affiliates that are Israeli companies, a person who is a “nosei misra” within the meaning of the Companies Law but is not a Director, and with respect to Affiliates that are not Israeli companies means
a person who is an officer within the meaning of the applicable corporate law of the jurisdiction of incorporation of such Affiliate. 
 (oo) “Option” means an option to purchase Shares granted pursuant to the Plan. 
 (pp) “Option Agreement” means a written or electronic agreement between the Company and a Participant evidencing the terms and conditions of an individual Option grant. The Option
Agreement is subject to the terms and conditions of the Plan. 
 (qq) “Ordinance” means the Israeli Income Tax
Ordinance (New Version), 1961 as now in effect and as hereafter amended. 
 (rr) “Ordinary Income Award (OIA)”
means an Approved 102 Award elected and designated by the Company to qualify for ordinary income tax treatment in accordance with Section 102(b)(1) of the Ordinance. 
 (ss) “Participant” means the holder of an outstanding Award granted under the Plan. 
 (tt) “Performance Share” means a performance share Award granted to a Participant pursuant to Section 11(d). 
 (uu) “Performance Unit” means a performance unit Award granted to a Participant pursuant to Section 13. 
 (vv) “Plan” means this 2006 Equity Incentive Plan. 
 (ww)
“Restricted Stock” means Shares granted pursuant to Section 9 of the Plan. 
 (xx) “Restricted
Stock Unit” means an Award granted pursuant to Section 10 of the Plan. 
 (yy) “Section 3(i)
Award” means an Award granted to a Consultant or a Controlling Shareholder in accordance with Section 3(i) of the Ordinance. 

  
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 (zz) “Section 102” means Section 102 of the Ordinance and any
regulations, rules, and orders of procedures promulgated thereunder as now in effect or as hereafter amended. 
 (aaa)
“Section 102 Shares” means Shares issued under a Section 102 Award pursuant to Section 19(c)(i) below. 
 (bbb) “Section 102 Period” shall have the meaning ascribed to such term in Section 19(c)(i) below. 
 (ccc) “Securities Law” means the Israeli Securities Law, 5728–1968. 
 (ddd) “Service Provider” means an Employee, Director or Consultant. 
 (eee) “Share” means one share of Common Stock, as adjusted in accordance with Section 21 of the Plan. 
 (fff) “Stock Appreciation Right” or “SAR” means an Award, granted alone or in connection with an Option, that pursuant to Section 11 is designated as a SAR.

 (ggg) “Trustee” means a trustee designated by the Board and approved by the ITA, pursuant to the
requirements of Section 102 and a trust agreement to be entered into and between the Company and such Trustee and approved by the ITA. 
 3. Shares Subject to the Plan. 
 (a) Subject to the provisions of
Section 21 of the Plan, the maximum aggregate number of Shares with respect to which Awards may be made under the Plan is 649,315, plus the number of Shares (not to exceed 112,596) that remained available for grant under the 2000 Share Option
Plan and 2003 Share Option Plan (the “Prior Plans”) as of the date of board approval of the Plan (following such approval, no further awards will be made under the Prior Plans) and (b) any Shares (not to exceed 858,973) that
otherwise would have been returned to the Prior Plans after the date of board approval of the 2006 Plan, on account of the expiration, cancellation, or forfeiture of awards granted thereunder. In addition, the maximum aggregate number of Shares with
respect to which Awards may be made under the Plan will be increased by an annual increase to be added on the first day of the Company’s Fiscal Year beginning in 2007 equal to (i) the lesser of (A) three percent (3%) of the
Shares on such date, calculated on a fully-diluted basis, or (B) an amount determined by the Board. The Shares may be authorized but unissued, or reacquired, Shares. 
 (b) If an Award expires or becomes unexercisable without having been exercised in full, is surrendered pursuant to an Exchange Program, or, with respect to Restricted Stock, Performance Shares or
Restricted Stock Units, is forfeited to or repurchased by the Company at its original purchase price due to such Award failing to vest, the unpurchased Shares (or for Awards other than Options, the forfeited or repurchased shares) which were subject
thereto shall become available for future grant or sale under the Plan (unless the Plan has terminated). With 

  
 6 

 
respect to SARs, only Shares actually issued pursuant to an SAR will cease to be available under the Plan; all remaining Shares under SARs will remain available for future grant or sale under the
Plan (unless the Plan has terminated). However, Shares that have actually been issued under the Plan under any Award shall not be returned to the Plan and shall not become available for future distribution under the Plan; provided, however, that if
Shares of Restricted Stock, Performance Shares or Restricted Stock Units are repurchased by the Company at their original purchase price or are forfeited to the Company due to such Awards failing to vest, such Shares shall become available for
future grant under the Plan. Shares used to pay the exercise price of an Option shall not become available for future grant or sale under the Plan. Shares used to satisfy tax withholding obligations shall not become available for future grant or
sale under the Plan. To the extent an Award under the Plan is paid out in cash rather than shares, such cash payment shall not reduce the number of Shares available for issuance under the Plan. Any payout of Dividend Equivalents or Performance
Units, because they are payable only in cash, shall not reduce the number of Shares available for issuance under the Plan. Conversely, any forfeiture of Dividend Equivalents or Performance Units shall not increase the number of Shares available for
issuance under the Plan. Notwithstanding the foregoing and, subject to adjustment provided in Section 21, the maximum number of Shares that may be issued upon the exercise of Incentive Stock Options shall equal the aggregate Share number stated
in Section 3(a), plus, to the extent allowable under Section 422 of the Code, any Shares that become available for issuance under the Plan under this Section 3(b). 

4. Administration of the Plan. 
 (a) Procedure. The Plan may be administered by different Committees with respect to different groups of Service Providers. 
 (i) Section 162(m). To the extent that the Administrator determines it to be desirable to qualify Options granted hereunder as “performance-based compensation” within the meaning of
Section 162(m) of the Code, the Plan will be administered by a Committee of two or more “outside directors” within the meaning of Section 162(m) of the Code. 

(ii) Rule 16b-3. To the extent desirable to qualify transactions hereunder as exempt under Rule 16b-3, the transactions
contemplated hereunder will be structured to satisfy the requirements for exemption under Rule 16b-3. 
 (iii) Other
Administration. Other than as provided above, the Plan will be administered by (A) the Board or (B) a Committee, which committee will be constituted to satisfy Applicable Laws. 

(b) Powers of the Administrator. Subject to the provisions of the Plan, and in the case of a Committee, subject to the specific
duties delegated by the Board to such Committee, the Administrator shall have the authority, in its discretion: 
 (i) to
determine the Fair Market Value of the Shares, in accordance with Section 2(aa) of the Plan; 

  
 7 

 (ii) to select the Service Providers to whom Awards may be granted hereunder; 

(iii) to determine whether and to what extent Awards or any combination thereof, are granted hereunder; 

(iv) to determine the number of Shares or equivalent units to be covered by each Award granted hereunder; 

(v) to approve forms of agreement for use under the Plan; 
 (vi) to determine the terms and conditions, not inconsistent with the terms of the Plan, of any award granted hereunder. Such terms and conditions include, but are not limited to, the exercise price, the
time or times when Options may be exercised or other Awards vest (which may be based on performance criteria), any vesting acceleration or waiver of forfeiture restrictions, and any restriction or limitation regarding any Award or Shares relating
thereto, based in each case on such factors as the Administrator, in its sole discretion, shall determine; provided, however, that unless otherwise determined by the Administrator, any extension of the term or exercise period of an Award shall
comply with Section 409A of the Code; 
 (vii) to construe and interpret the terms of the Plan and Awards; 

(viii) to institute an Exchange Program; 
 (ix) to prescribe, amend and rescind rules and regulations relating to the Plan, including rules and regulations relating to sub-plans or Plan addendums, established for the purpose of qualifying for
preferred tax treatment (e.g., Section 102); 
 (x) to modify or amend each Award (subject to Section 23(c) of the
Plan), including the discretionary authority to extend the post-termination exercisability period of Options longer than is otherwise provided for in the Plan; provided, however, that unless otherwise determined by the Administrator, any extension
of the term or exercise period of an Award shall comply with Section 409A of the Code; 
 (xi) to authorize any person to
execute on behalf of the Company any instrument required to effect the grant of an Award previously granted by the Administrator; 
 (xii) to allow Participants to satisfy withholding tax obligations by electing to have the Company and/or its Affiliates and/or the Trustee withhold taxes in accordance with the Applicable Laws. The Fair
Market Value of any Shares to be withheld shall be determined on the date that the amount of tax to be withheld is to be determined. All elections by a Participant to have Shares or cash withheld for this purpose shall be made in such form and under
such conditions as the Administrator may deem necessary or advisable; 

  
 8 

 (xiii) to determine whether Dividend Equivalents will be granted in connection with another
Award; 
 (xiv) to determine the terms and restrictions applicable to Awards; 

(xv) to determine the price per each Share to be issued under the Awards (excluding the Option exercise price to be set in accordance
with Section 8(b) below). Shares to be issued under grants of Restricted Stock, RSUs, Performance Shares and Performance Units may be issued upon payment of their nominal value; 

(xvi) to make an election as to the type of 102 Approved Award; and 

(xvii) to make all other determinations deemed necessary or advisable for administering the Plan. 

(c) Section 409A. Unless otherwise determined by the Administrator, the Administrator shall comply with Section 409A of
the Code in taking or permitting such actions under the terms of the Plan that would result in a deferral of compensation subject to Section 409A of the Code. 
 (d) Effect of Administrator’s Decision. The Administrator’s decisions, determinations and interpretations shall be final and binding on all Participants and any other holders of Awards.

 5. Eligibility. Awards may be granted to Service Providers, provided that Section 102 Awards may be granted only
to Employees. 
 6. No Employment Rights. Neither the Plan nor any Award shall confer upon a Participant any right with
respect to continuing the Participant’s employment with the Company or its Affiliates, nor shall they interfere in any way with the Participant’s right or the Company’s or Affiliate’s right, as the case may be, to terminate such
employment at any time, with or without cause or notice. 
 7. Term of Plan. The Plan shall continue in effect for a term
of ten (10) years following the date upon which the Board approved the Plan in 2006. 
 8. Options. 

(a) Limitations. 
 (i) Each Option will be designated in the Award Agreement as either an Incentive Stock Option or a Nonstatutory Stock Option. However, notwithstanding such designation, to the extent that the aggregate
Fair Market Value of the Shares with respect to which Incentive Stock Options are exercisable for the first time by the Participant during any calendar year (under all plans of the Company and any Parent or Subsidiary) exceeds $100,000,

  
 9 

 
such Options will be treated as Nonstatutory Stock Options. For purposes of this Section 6(a), Incentive Stock Options will be taken into account in the order in which they were granted. The
Fair Market Value of the Shares will be determined as of the time the Option with respect to such Shares is granted. 
 (ii)
The following limitations will apply to grants of Options: 
 (A) No Service Provider will be granted, in any Fiscal Year,
Options to purchase more than 333,587 Shares. 
 (B) In connection with his or her initial service, a Service Provider may be
granted Options to purchase up to an additional 333,587 Shares, which will not count against the limit set forth in Section 8(a)(2)(ii)(A) above. 
 (C) The foregoing limitations will be adjusted proportionately in connection with any change in the Company’s capitalization as described in Section 21. 

(D) If an Option is cancelled in the same Fiscal Year in which it was granted (other than in connection with a transaction described in
Section 21), the cancelled Option will be counted against the limits set forth in subsections (A) and (B) above. For this purpose, if the exercise price of an Option is reduced, the transaction will be treated as a cancellation of the
Option and the grant of a new Option. 
 (iii) Term. The term of each Option shall be stated in the Notice of Grant;
provided, however, that the term shall be no more than ten (10) years from the date of grant or such shorter term as may be provided in the Notice of Grant. Moreover, in the case of an Incentive Stock Option granted to a Participant who, at the
time the Incentive Stock Option is granted, owns stock representing more than ten percent (10%) of the total combined voting power of all classes of stock of the Company or any Parent or Subsidiary, the term of the Incentive Stock Option will
be five (5) years from the date of grant or such shorter term as may be provided in the Notice of Grant. 
 (b) Option
Exercise Price. The per share exercise price for the Shares to be issued pursuant to exercise of an Option shall be determined by the Administrator and shall be no less than one hundred percent (100%) of the Fair Market Value per share on
the date of grant. In the case of an Incentive Stock Option granted to an Employee who, at the time the Incentive Stock Option is granted, owns stock representing more than ten and shall be no less than one hundred percent (10%) of the voting
power of all classes of stock of the Company or any Parent or Subsidiary, the per Share exercise price will be no less than 110%) of the Fair Market Value per Share on the date of grant. 

(c) Waiting Period and Exercise Dates. At the time an Option is granted, the Administrator shall fix the period within which the
Option may be exercised and shall determine any conditions which must be satisfied before the Option may be exercised. In so doing, the Administrator may specify that an Option may not be exercised until the completion of a service period or until
performance milestones are satisfied. 

  
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 (d) Form of Consideration. The Administrator shall determine the acceptable form of
consideration for exercising an Option, including the method of payment. In the case of a Section 102 Award, the Administrator shall determine the acceptable form of consideration at the time of grant. Subject to Applicable Laws, such
consideration may consist entirely of: 
 (i) cash; 
 (ii) check; 
 (iii) other Shares which (A) in the case of Shares acquired
upon exercise of an option, have been owned by the Participant for more than six (6) months on the date of surrender, and (B) have a Fair Market Value on the date of surrender equal to the aggregate exercise price of the Shares as to which
said Option shall be exercised; 
 (iv) delivery of a properly executed exercise notice together with such other documentation
as the Administrator and the broker, if applicable, shall require to effect an exercise of the Option and delivery to the Company or Affiliate of the sale proceeds required to pay the exercise price; 

(v) any combination of the foregoing methods of payment; or 
 (vi) such other consideration and method of payment for the issuance of Shares to the extent permitted by Applicable Laws. 
 (e) Exercise of Option; Rights as a Shareholder. 
 (i) Any Option granted
hereunder shall be exercisable according to the terms of the Plan and at such times and under such conditions as determined by the Administrator and set forth in the Option Agreement. 

(ii) An Option may not be exercised for a fraction of a Share. 

(iii) An Option shall be deemed exercised when the Company receives: (i) written or electronic notice of exercise (in accordance
with the Option Agreement) from the person entitled to exercise the Option, and (ii) full payment for the Shares with respect to which the Option is exercised. Full payment may consist of any consideration and method of payment authorized by
the Administrator and permitted by the Option Agreement and the Plan. Shares issued upon exercise of an Option shall be issued in the name of the Participant, provided however that Shares issued following the exercise of Options granted under
Section 102(b) to the Ordinance shall be issued under the name of the Trustee for the benefit of the Participant and shall be held in trust by the Trustee. Until the stock certificate evidencing such Shares is issued (as evidenced by the
appropriate entry on the books of the Company or of a duly authorized 

  
 11 

 
transfer agent of the Company), no right to vote or receive dividends or any other rights as a shareholder shall exist with respect to the optioned stock, notwithstanding the exercise of the
Option. The Company shall issue (or cause to be issued) such stock certificate promptly after the Option is exercised. No adjustment will be made for a dividend or other right for which the record date is prior to the date the stock certificate is
issued, except as provided in Section 21 of the Plan. 
 (iv) Exercising an Option in any manner shall decrease the number
of Shares thereafter available for sale under the Option, by the number of Shares as to which the Option is exercised. 
 9.
Restricted Stock. 
 (a) Grant of Restricted Stock. Subject to the terms and conditions of the Plan, Restricted
Stock may be granted to Participants at any time as shall be determined by the Administrator, in its sole discretion. The Administrator shall have complete discretion to determine (i) the number of Shares subject to a Restricted Stock award
granted to any Participant, and (ii) the conditions that must be satisfied, which typically will be based principally or solely on continued provision of services but may include a performance-based component, upon which is conditioned the
grant, vesting or issuance of Restricted Stock; provided, however, that no Restricted Stock Award shall vest until at least one (1) year following the grant date. 
 (b) Other Terms. The Administrator, subject to the provisions of the Plan, shall have complete discretion to determine the terms and conditions of Restricted Stock granted under the Plan.
Restricted Stock grants shall be subject to the terms, conditions, and restrictions determined by the Administrator at the time the stock or the restricted stock unit is awarded. The Administrator may require the recipient to sign a Restricted Stock
Award agreement as a condition of the award. Any certificates representing the Shares of stock awarded shall bear such legends as shall be determined by the Administrator. 
 (c) Restricted Stock Award Agreement. Each Restricted Stock grant shall be evidenced by an agreement that shall specify the purchase price (if any) and such other terms and conditions as the
Administrator, in its sole discretion, shall determine; provided; however, that if the Restricted Stock grant has a purchase price, such purchase price must be paid no more than ten (10) years following the date of grant. 

10. Restricted Stock Units. 
 (a) Grant. Restricted Stock Units may be granted at any time and from time to time as determined by the Administrator. The Administrator shall have complete discretion to determine (i) the
number of Shares subject to a Restricted Stock Unit award granted to any Participant, and (ii) the conditions that must be satisfied, which typically will be based principally or solely on continued service but may include a performance-based
component, upon which is conditioned the grant or vesting of Restricted Stock Units. Restricted Stock Units 

  
 12 

 
shall be granted in the form of units to acquire Shares. Each such unit shall be the equivalent of one Share for purposes of determining the number of Shares subject to an Award. Until the Shares
are issued, no right to vote or receive dividends or any other rights as a shareholder shall exist with respect to the units to acquire Shares. 
 (b) Vesting Criteria and Other Terms. The Administrator shall set vesting criteria in its discretion, which, depending on the extent to which the criteria are met, will determine the number of
Restricted Stock Units that will be paid out to the Participant. The Administrator may set vesting criteria based upon the achievement of Company-wide, Affiliate-wide, business unit, or individual goals (including, but not limited to, continued
employment), or any other basis determined by the Administrator in its discretion; provided, however, that no Restricted Unit Award shall vest until at least one (1) year following the grant date. 

(c) Earning Restricted Stock Units. Upon meeting the applicable vesting criteria, the Participant shall be entitled to receive a
payout as specified in the Restricted Stock Unit Award Agreement. Notwithstanding the foregoing, at any time after the grant of Restricted Stock Units, the Administrator, in its sole discretion, may reduce or waive any vesting criteria that must be
met to receive a payout. 
 (d) Form and Timing of Payment. Payment of earned Restricted Stock Units shall be made as
soon as practicable after the date(s) set forth in the Restricted Stock Unit Award Agreement. The Administrator shall pay earned Restricted Stock Units in Shares. 
 (e) Cancellation. On the date set forth in the Restricted Stock Unit Award Agreement, all unearned Restricted Stock Units shall be forfeited to the Company. 

11. Stock Appreciation Rights. 
 (a) Grant of SARs. Subject to the terms and conditions of the Plan, a SAR may be granted to Participants at any time and from time to time as will be determined by the Administrator, in its sole
discretion. Subject to Subsection (d) below, the Administrator will have complete discretion to determine the number of SARs granted to any Participant. The Administrator, subject to the provisions of the Plan, will have complete discretion to
determine the terms and conditions of SARs granted under the Plan. 
 (b) SAR Agreement. Each SAR grant will be evidenced
by an Award Agreement that will specify the exercise price, the term of the SAR, the conditions of exercise, and such other terms and conditions as the Administrator, in its sole discretion, will determine. An SAR granted under the Plan will expire
upon the date determined by the Administrator, in its sole discretion, and set forth in the Award Agreement. 

  
 13 

 (c) Payment of SAR Amount. Upon exercise of an SAR, a Participant will be entitled to
receive payment from the Company in an amount determined by multiplying: 
 (i) The difference between the Fair Market Value of
a Share on the date of exercise over the exercise price; times 
 (ii) The number of Shares with respect to which the SAR is
exercised. 
 At the discretion of the Administrator, the payment upon SAR exercise may be in cash, in Shares of equivalent
value, or in some combination thereof. 
 (d) Limitations. The following limitations will apply to grants of SARs:

 (i) No Service Provider will be granted, in any Fiscal Year, SARs with respect to more than 333,587 Shares. 

(ii) In connection with his or her initial service, a Service Provider may be granted SARs with respect to an additional 333,587 Shares,
which will not count against the limit set forth in Section 11(d)(i) above. 
 (iii) The foregoing limitations will be
adjusted proportionately in connection with any change in the Company’s capitalization as described in Section 21. 

(iv) If an SAR is cancelled in the same Fiscal Year in which it was granted (other than in connection with a transaction described in
Section 21), the cancelled SAR will be counted against the limits set forth in subsections (A) and (B) above. For this purpose, if the exercise price of an SAR is reduced, the transaction will be treated as a cancellation of the SAR
and the grant of a new SAR. 
 12. Performance Shares. 

(a) Grant of Performance Shares. Subject to the terms and conditions of the Plan, Performance Shares may be granted to
Participants at any time as shall be determined by the Administrator, in its sole discretion. The Administrator shall have complete discretion to determine (i) the number of Shares subject to a Performance Share award granted to any
Participant, and (ii) the conditions that must be satisfied, which typically will be based principally or solely on achievement of performance milestones but may include a service-based component, upon which is conditioned the grant or vesting
of Performance Shares. Performance Shares shall be granted in the form of units to acquire Shares. Each such unit shall be the equivalent of one Share for purposes of determining the number of Shares subject to an Award. Until the Shares are issued,
no right to vote or receive dividends or any other rights as a shareholder shall exist with respect to the units to acquire Shares. 
 (b) Other Terms. The Administrator, subject to the provisions of the Plan, shall have complete discretion to determine the terms and conditions of Performance Shares granted under the Plan.
Performance Share grants shall be subject to the terms, conditions, and restrictions determined by the Administrator at the time the stock is awarded, which may include such performance-based milestones as are determined appropriate by the
Administrator; 

  
 14 

 
provided, however that no Performance Share Award shall vest until at least one year following the grant date. The Administrator may require the recipient to sign a Performance Shares agreement
as a condition of the award. Any certificates representing the Shares of stock awarded shall bear such legends as shall be determined by the Administrator. 
 (c) Performance Share Award Agreement. Each Performance Share grant shall be evidenced by an agreement that shall specify such other terms and conditions as the Administrator, in its sole
discretion, shall determine. 
 13. Performance Units. 

(a) Grant of Performance Units. Performance Units are similar to Performance Shares, except that they shall be settled in a cash
equivalent to the Fair Market Value of the underlying Shares, determined as of the vesting date. Subject to the terms and conditions of the Plan, Performance Units may be granted to Participants at any time and from time to time as shall be
determined by the Administrator, in its sole discretion. The Administrator shall have complete discretion to determine the conditions that must be satisfied, which typically will be based principally or solely on achievement of performance
milestones but may include a service-based component, upon which is conditioned the grant or vesting of Performance Units. Performance Units shall be granted in the form of units to acquire Shares. Each such unit shall be the cash equivalent of one
Share. No right to vote or receive dividends or any other rights as a shareholder shall exist with respect to Performance Units or the cash payable thereunder. 
 (b) Number of Performance Units. The Administrator will have complete discretion in determining the number of Performance Units granted to any Participant. 

(c) Other Terms. The Administrator, subject to the provisions of the Plan, shall have complete discretion to determine the terms
and conditions of Performance Units granted under the Plan. Performance Unit grants shall be subject to the terms, conditions, and restrictions determined by the Administrator at the time the grant is awarded, which may include such
performance-based milestones as are determined appropriate by the Administrator. The Administrator may require the recipient to sign a Performance Unit agreement as a condition of the award. Any certificates representing the units awarded shall bear
such legends as shall be determined by the Administrator. 
 (d) Performance Unit Award Agreement. Each Performance Unit
grant shall be evidenced by an agreement that shall specify such terms and conditions as the Administrator, in its sole discretion, shall determine. 
 14. Deferred Stock Units. Deferred Stock Units shall consist of a Restricted Stock, Restricted Stock Unit, Performance Share or Performance Unit Award that the Administrator, in its sole discretion
permits to be paid out in installments or on a deferred basis, in accordance with rules and procedures established by the Administrator. Each Deferred Stock Unit Award shall comply with Code Section 409A. Deferred Stock Units shall remain
subject to the claims of the Company’s general creditors until distributed to the Participant. 

  
 15 

 15. Termination of Relationships, Death or Disability. 

(a) Termination of Relationship as a Service Provider. If a Participant ceases to be a Service Provider, other than upon the
Participant’s death or Disability, then (i) in the case of an Award that is an Option or Stock Appreciation Right, the Participant may exercise any Options or Stock Appreciation Rights within such period of time as is specified in the
Award Agreement to the extent that the Option or Stock Appreciation Right is vested on the date of termination (but in no event later than the expiration of the term of such Option or Stock Appreciation Right as set forth in the Award Agreement),
and (ii) in the case of any Award other than an Option or Stock Appreciation Right, the Participant shall be entitled to the benefit conferred by such Award during such period of time as is specified in the Award Agreement to the extent that
the Award is vested on the date of termination (but in no event later than the expiration of the term of such Award, if any, as set forth in the Award Agreement). In the absence of a specified time in the Award Agreement, an Option or Stock
Appreciation Right shall remain exercisable, and the Participant shall be entitled to the benefit conferred by an Award other than an Option or Stock Appreciation Right, for three (3) months following the Participant’s termination. If, on
the date of termination, the Participant is not vested as to his or her entire Award, the Shares covered by the unvested portion of the Award shall revert to the Plan. If, after termination, the Participant does not exercise his or her Option or
Stock Appreciation Right, or receive the benefit conferred by an Award other than an Option or Stock Appreciation Right, within the time specified herein, the Award shall terminate, and the Shares covered by such Award shall revert to the Plan.

 (b) Disability. If a Participant ceases to be a Service Provider as a result of the Participant’s Disability,
then (i) in the case of an Award that is an Option or Stock Appreciation Right, the Participant may exercise his or her Option or Stock Appreciation Right within such period of time as is specified in the Option Agreement to the extent the
Option is vested on the date of termination (but in no event later than the expiration of the term of such Option or Stock Appreciation Right as set forth in the Option Agreement), and (ii) in the case of any Award other than an Option or Stock
Appreciation Right, the Participant shall be entitled to the benefit conferred by such Award during such period of time as is specified in the Award Agreement to the extent that the Award is vested on the date of termination (but in no event later
than the expiration of the term of such Award, if any, as set forth in the Award Agreement). In the absence of a specified time in the Award Agreement, an Option or Stock Appreciation Right shall remain exercisable, and the Participant shall be
entitled to the benefit conferred by an Award other than an Option or Stock Appreciation Right, for twelve (12) months following the Participant’s termination due to Disability. Unless otherwise determined by the Administrator, if, on the
date of termination, the Participant is not vested as to his or her entire Award, the vesting of the Award shall be accelerated by a twelve (12) month period as of termination, and the Shares covered by the remaining unvested portion of the
Award shall revert to the Plan. If, after termination, the Participant does not exercise his or her Option or Stock Appreciation Right, or receive the benefit conferred by an Award other than an Option or Stock Appreciation Right, within the time
specified herein, the Award shall terminate, and the Shares covered by such Award shall revert to the Plan. 

  
 16 

 (c) Death of Participant. If a Participant dies while a Service Provider, then
(i) in the case of an Award that is an Option or Stock Appreciation Right, the Option or Stock Appreciation Right may be exercised following the Participant’s death within such period of time as is specified in the Award Agreement to the
extent the Option or Stock Appreciation Right is vested on the date of death (but in no event may the Option or Stock Appreciation Right be exercised later than the expiration of the term of such Option or Stock Appreciation Right as set forth in
the Award Agreement), by the Participant’s designated beneficiary, provided such beneficiary has been designated prior to Participant’s death in a form acceptable to the Administrator, and (ii) in the case of any Award other than an
Option or Stock Appreciation Right, the Participant’s designated beneficiary, provided such beneficiary has been designated prior to Participant’s death in a form acceptable to the Administrator, shall be entitled to the benefit conferred
by such Award during such period of time as is specified in the Award Agreement to the extent that the Award is vested on the date of death (but in no event later than the expiration of the term of such Award, if any, as set forth in the Award
Agreement). If no such beneficiary has been designated by the Participant, then such Option or Stock Appreciation Right may be exercised by, or the benefit conferred by such Award shall be provided to, the personal representative of the
Participant’s estate or by the person(s) to whom the Award is transferred pursuant to the Participant’s will or in accordance with the laws of descent and distribution. In the absence of a specified time in the Award Agreement, the Option
or Stock Appreciation Right shall remain exercisable, or the benefit conferred by such Award shall be provided, for twelve (12) months following Participant’s death. If the Option or Stock Appreciation Right is not so exercised or the
benefit conferred by such Award is not provided within the time specified herein, the Award shall terminate, and the Shares covered by such Award shall revert to the Plan. Notwithstanding the above-stated, unless otherwise determined by the
Administrator, if, on the date of Participant’s death, the Participant is not vested as to his or her entire Award, the vesting of the Award shall be accelerated by a twelve (12) month period as of death, and the Shares covered by the
remaining unvested portion of the Award shall revert to the Plan. 
 16. Leaves of Absence. Unless the Administrator
provides otherwise or except as otherwise required by Applicable Laws, vesting of Awards granted hereunder shall cease commencing on the first day of any unpaid leave of absence and shall only recommence upon return to active service. 

17. Part-Time Service. Unless the Administrator provides otherwise or except as otherwise required by Applicable Laws, any
service-based vesting of Awards granted hereunder shall be extended on a proportionate basis in the event an Employee transitions to a work schedule under which they are customarily scheduled to work on less than a full-time basis, or if not on a
full-time work schedule, to a schedule requiring fewer hours of service. Such vesting shall be proportionately re-adjusted prospectively in the event that the Employee subsequently becomes regularly scheduled to work additional hours of service.

  
 17 

 18. Non-Transferability of Awards. Unless determined otherwise by the Administrator,
an Award may not be sold, pledged, assigned, hypothecated, transferred, or disposed of in any manner other than by will or by the laws of descent or distribution and may be exercised, during the lifetime of the recipient, only by the recipient. If
the Administrator makes an Award transferable, it may only be transferable for no consideration to transferees permitted pursuant to a Form S-8 Registration Statement (such as family members or pursuant to a settlement of marital property rights)
and such Award shall contain such additional terms and conditions as the Administrator deems appropriate. 
 19. Grant of
Approved 102 Awards and Non-approved 102 Awards. 
 (a) Participants. Approved 102 Awards may only be granted to
Employees who are residents of the State of Israel. Except as otherwise specifically approved by the ITA, a Controlling Shareholder or a Consultant shall not be eligible for grant of Approved 102 Awards or Non-approved 102 Awards, and shall only be
eligible for grant of Section 3(i) Awards. 
 (b) Grant of Section 102 Awards. 

(i) The Company may designate Awards granted to Employees pursuant to Section 102 as Non-approved 102 Awards or Approved 102
Awards. 
 (ii) The grant of Approved 102 Awards under the Plan shall be conditioned upon the approval of the Plan by the ITA.

 (iii) Approved 102 Awards may either be classified as Capital Gains Awards (CGAs) or Ordinary Income Awards (OIAs). No
Approved 102 Award may be granted under the Plan unless and until the Company’s election of the type of Approved 102 Awards as CGA or OIA granted to Employees (the “Election”) is appropriately filed with the ITA. Such Election shall
become effective beginning the first date of grant of an Approved 102 Award and shall remain in effect until the end of the year following the year during which Employees were first granted Approved 102 Awards. The Election shall obligate the
Company to grant only the type of Approved 102 Awards it has elected, and shall apply to all Participants who were granted such Approved 102 Awards during the period indicated herein, all in accordance with the provisions of
Section 102(g) of the Ordinance. For the avoidance of doubt, such Election shall not prevent the Administrator from granting Employees Approved 102 Awards and Non-approved 102 Awards simultaneously. 

(iv) All Approved 102 Awards must be held in trust by a Trustee, as described in subsection (c) below. 

(v) For the avoidance of doubt, the designation of Non-approved 102 Awards and Approved 102 Awards shall be subject to the terms and
conditions of Section 102. 
 (vi) With respect to Non-approved 102 Award, if the Employee ceases to be employed by the
Company or any Affiliate, the Employee shall extend to the Company and/or its Affiliate a security or guarantee for the payment of tax due at the time of sale of Shares, all in accordance with the provisions of Section 102. 

  
 18 

 (c) Trustee. 

(i) All Approved 102 Awards granted under the Plan and any Shares allocated or issued upon exercise of such Approved 102 Awards
(“Section 102 Shares”) or other shares received subsequently following any realization of rights, including bonus shares, shall be allocated or issued to the Trustee, and shall be held by the Trustee for the benefit of the Participants for
such period of time as required by Section 102 (the “Section 102 Period”). In case the requirements for Approved 102 Awards are not met, then the Approved 102 Awards shall be regarded as Non-approved 102 Awards, all in accordance with
the provisions of Section 102. 
 (ii) Notwithstanding anything to the contrary, the Trustee shall not release any
Section 102 Shares or other Shares received subsequently following any realization of the Participant’s rights prior to the full payment of the Participant’s tax liabilities arising from the grant, exercise, release or transfer of the
Approved 102 Award and any Section 102 Shares or other Shares received subsequently following any realization of rights. 

(iii) With respect to any Approved 102 Awards, subject to the provisions of Section 102, a Participant shall not sell or release
from trust any Section 102 Shares or any Shares received subsequently following any realization of rights, including bonus shares, until the lapse of the Section 102 Period. Notwithstanding the above, if any such sale or release occurs
during the Section 102 Period, the sanctions under Section 102 shall apply to, and be borne by, such Participant. 

(iv) Upon receipt of an Approved 102 Award, the Participant will sign an Award Agreement under which the Participant will agree to be
subject to the trust agreement between the Company and the Trustee, stating, among others, that the Trustee will be released from any liability in respect of any action or decision duly taken and bona fide executed in relation with the Plan, or any
Approved 102 Award or Section 102 Share granted to him or her thereunder. 
 (v) As long as Approved 102 Awards are
granted, or Section 102 Shares are held by the Trustee, then all rights the Participant possesses over such Awards or Shares may not be transferred, assigned, pledged or mortgaged by the Participant, other than by will or laws of descent and
distribution. 
 (vi) If dividends, whether cash, property or stock dividends, are declared on Section 102 Shares held by
the Trustee, such dividends shall also be subject to the provisions of Section 102 and the provisions of this Section 19. The Section 102 Period for any such additional shares shall be equal to the Section 102 Period for the original
Section 102 Shares. 

  
 19 

 (vii) At any time after the end of the Section 102 Period with respect to any
Section 102 Awards or Section 102 Shares, the Participant may order (but shall not be obligated to order) the Trustee to sell or transfer to the Participant such Section 102 Awards or Section 102 Shares, provided that no
securities shall be sold or transferred until all required payments have been fully made: (i) such Participant has deposited with the Trustee an amount of money which, in the Trustee’s opinion, is necessary to discharge such
Participant’s tax obligations with respect to such Section 102 Awards or Section 102 Shares, or (ii) the receipt by the Trustee of an acknowledgment from the ITA that the Participant has paid any applicable tax due pursuant to
the Ordinance, or (iii) the Company has made other arrangements for the deduction of tax at source acceptable to the Trustee, or (iv) upon the sale by the Trustee of any securities held in trust from the proceeds of which the Company or
the Trustee has withheld all applicable taxes and has remitted the amount withheld to the appropriate Israeli tax authorities, has paid the balance thereof directly to such Participant, and has reported to such Participant the amount so withheld and
paid to such tax authorities. 
 (d) Integration of Section 102 and Tax Assessing Officer’s Permit. With
regards to Approved 102 Awards, the provisions of the Plan and the Award Agreement shall be subject to the provisions of Section 102 of the Ordinance and the Tax Assessing Officer’s permit, and the said provisions and permit shall be
deemed an integral part of the Plan and of the Award Agreement. 
 (e) Tax Consequences. 

(i) Any and all tax consequences arising from the grant, exercise transfer, or sale of an Award or from the payment for Shares covered
thereby or from any other event or act under the Plan (whether of a Participant and/or of the Company and/or an Affiliate and/or the Trustee) shall be borne solely by the Participant. The Company and/or its Affiliates and/or the Trustee shall
withhold taxes according to the requirements under the applicable laws, rules, and regulations, including withholding taxes at source. Furthermore, the Participant shall agree to indemnify the Company and the Trustee, if applicable, and hold them
harmless against and from any and all liability for any tax or interest or penalty thereon, including (without limitation) liabilities relating to the necessity to withhold, or to have withheld, any tax from any payment made to the Participant.

 (ii) The Company, or where applicable, the Trustee, shall not be required to release any share certificate to a Participant
until all requirement payment have been fully made. 
 (iii) Without derogating from Section 2 above and solely for the
purpose of determining the tax liability pursuant to Section 102(b)(3) of the Ordinance, if at the date of grant the Company’s shares are listed on any established stock exchange or a national market system or if the Company’s shares
will be registered for trading within ninety (90) days following the date of grant of the Approved 102 Award, the Fair Market Value of the Shares at the date of grant shall be determined in accordance with the average value of the
Company’s Shares on the thirty trading days preceding the date of grant or the thirty trading days following the date of registration for trading, as the case may be. 

  
 20 

 20. Grant of Section 3(i) Awards. In the event that grants are made under
Section 3(i) of the Ordinance, the Company may elect to enter into an agreement with a trustee concerning the administration of the exercise of Options, the purchase and sale of Shares, and the arrangements for payment of or withholding of
taxes due in connection with such exercise, purchase and sale. The trust agreement may provide that the Company will issue the Shares to such trustee for the benefit of the Participants. The type of Section 3(i) Awards to be granted under the
Plan shall be subject to the provisions of Section 3(i) to the Ordinance. 
 21. Adjustments Upon Changes in
Capitalization, Dissolution or Liquidation or Change of Control. 
 (a) Changes in Capitalization. Subject to any
required action by the shareholders of the Company, the number of shares of Common Stock covered by each outstanding Award, the number of shares of Common Stock which have been authorized for issuance under the Plan but as to which no Awards have
yet been granted (including the automatic annual replenishment of three million Shares) or which have been returned to the Plan upon cancellation or expiration of an Award, as well as the price per Common Stock covered by each such outstanding Award
shall be proportionately adjusted for any increase or decrease in the number of issued Common Stock resulting from a stock split, reverse stock split, stock dividend, combination or reclassification of the Common Stock, or any other increase or
decrease in the number of issued Common Stock effected without receipt of consideration by the Company; provided, however, that conversion of any convertible securities of the Company shall not be deemed to have been “effected without receipt
of consideration.” Such adjustment shall be made by the Administrator, whose determination in that respect shall be final, binding and conclusive. Except as expressly provided herein, no issuance by the Company of shares of stock of any class,
or securities convertible into shares of stock of any class, shall affect, and no adjustment by reason thereof shall be made with respect to, the number or price of Common Stock subject to an Award. 

(b) Dissolution or Liquidation. In the event of the proposed dissolution or liquidation of the Company, the Administrator shall
notify each Participant as soon as practicable prior to the effective date of such proposed transaction. The Administrator in its discretion may provide for a Participant to have the right to exercise his or her Option or Stock Appreciation Right
until ten (10) days prior to such transaction as to all of the Awarded Stock covered thereby, including Shares as to which the Award would not otherwise be exercisable. In addition, the Administrator may provide that any Company repurchase
option or forfeiture rights applicable to any Award shall lapse one hundred percent (100%), and that any Award vesting shall accelerate one hundred percent (100%), provided the proposed dissolution or liquidation takes place at the time and in the
manner contemplated. To the extent it has not been previously exercised (with respect to Options) or vested (with respect to other Awards), an Award will terminate immediately prior to the consummation of such proposed action. 

  
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 (c) Change of Control. 

(i) Options and Stock Appreciation Rights. In the event of a Change of Control, each outstanding Option and Stock Appreciation
Right shall be assumed or an equivalent option or stock appreciation right substituted by the successor corporation or a parent or Affiliate of the successor corporation. In the event that the successor corporation refuses to assume or substitute
for the Option or Stock Appreciation Right, Participants shall fully vest in and have the right to exercise their Options and Stock Appreciation Rights as to all of the Awarded Stock, including Shares as to which it would not otherwise be vested or
exercisable. If an Option or Stock Appreciation Right becomes fully vested and exercisable in lieu of assumption or substitution in the event of a Change of Control, the Administrator shall notify the Participant in writing or electronically that
the Option or Stock Appreciation Right shall be fully vested and exercisable for a period of fifteen (15) days from the date of such notice, and the Option or Stock Appreciation Right shall terminate upon the expiration of such period. For the
purposes of this paragraph, the Option or Stock Appreciation Right shall be considered assumed if, following the Change of Control, the Option or Stock Appreciation Right confers the right to purchase or receive, for each Share of Awarded Stock
subject to the Option or Stock Appreciation Right immediately prior to the Change of Control, the consideration (whether stock, cash, or other securities or property) received in the Change of Control by holders of Common Stock for each Share held
on the effective date of the transaction (and if holders were offered a choice of consideration, the type of consideration chosen by the holders of a majority of the outstanding Common Stock); provided, however, that if such consideration received
in the Change of Control is not solely stock of the successor corporation or its parent, the Administrator may, with the consent of the successor corporation, provide for the consideration to be received upon the exercise of the Option or Stock
Appreciation Right, for each Share of Awarded Stock subject to the Option, to be solely stock of the successor corporation or its parent equal in fair market value to the per share consideration received by holders of Common Stock in the Change of
Control. 
 (ii) Restricted Stock, Restricted Stock Units, Performance Shares, Performance Units and Deferred Stock
Units. In the event of a Change of Control, each outstanding Restricted Stock, Restricted Stock Unit, Performance Share, Performance Unit and Deferred Stock Unit award (and any related Dividend Equivalent), shall be assumed or an equivalent
Restricted Stock, Restricted Stock Unit, Performance Share, Performance Unit and Deferred Stock Unit award substituted by the successor corporation or a parent or Affiliate of the successor corporation. In the event that the successor corporation
refuses to assume or substitute for the Restricted Stock, Restricted Stock Unit, Performance Share, Performance Unit or Deferred Stock Unit award, Participants shall fully vest in the Restricted Stock, Restricted Stock Unit, Performance Share,
Performance Unit or Deferred Stock Unit Awards including as to Shares (or with respect to Performance Units, the cash equivalent thereof) which would not otherwise be vested. For the purposes of this paragraph, a Restricted Stock, Restricted Stock
Unit, Performance Share, Performance Unit and Deferred Stock Unit award shall be considered assumed if, following the Change of Control, the award confers the right to purchase or receive, for each Share (or with respect to Performance Units, the
cash equivalent thereof) subject to the 

  
 22 

 
Award immediately prior to the Change of Control, the consideration (whether stock, cash, or other securities or property) received in the Change of Control by holders of Common Stock for each
Share held on the effective date of the transaction (and if holders were offered a choice of consideration, the type of consideration chosen by the holders of a majority of the outstanding Common Stock); provided, however, that if such consideration
received in the Change of Control is not solely stock of the successor corporation or its parent, the Administrator may, with the consent of the successor corporation, provide for the consideration to be received, for each Share and each unit/right
to acquire a Share subject to the Award, to be solely stock of the successor corporation or its parent equal in fair market value to the per share consideration received by holders of Common Stock in the Change of Control. 

22. Date of Grant. The date of grant of an Award shall be, for all purposes, the date on which the Administrator makes the
determination granting such Award, or such other later date as is determined by the Administrator. Notice of the determination shall be provided to each Participant within a reasonable time after the date of such grant. 

23. Amendment and Termination of the Plan. 
 (a) Amendment and Termination. The Board may at any time amend, alter, suspend or terminate the Plan. 
 (b) Shareholder Approval. The Company shall obtain shareholder approval of any Plan amendment to the extent necessary and desirable to comply with the Applicable Laws and in such a manner and to
such a degree as is required by the Applicable Laws. 
 (c) Effect of Amendment or Termination. No amendment, alteration,
suspension or termination of the Plan shall impair the rights of any Participant, unless mutually agreed otherwise between the Participant and the Administrator, which agreement must be in writing (or electronic format) and signed by the Participant
and the Company or its Affiliate. 
 24. Conditions Upon Issuance of Shares. 

(a) Legal Compliance. Shares shall not be issued pursuant to the exercise of an Award unless the exercise of the Award or the
issuance and delivery of such Shares (or with respect to Performance Units, the cash equivalent thereof) shall comply with Applicable Laws and shall be further subject to the approval of counsel for the Company with respect to such compliance.

 (b) Investment Representations. As a condition to the exercise or receipt of an Award, the Company may require the
person exercising or receiving such Award to represent and warrant at the time of any such exercise or receipt that the Shares are being purchased only for investment and without any present intention to sell or distribute such Shares if, in the
opinion of counsel for the Company, such a representation is required. 

  
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 (c) Tax Consequences. Any and all tax consequences arising from the grant or
exercise, or otherwise relating to, an Award or from the payment for Shares covered thereby or from any other event or act under the Plan (whether of the Participant or of the Company or of an Affiliate) shall be borne solely by the Participant. The
Company or its Affiliates shall withhold taxes according to the requirements under the Applicable Laws, including withholding taxes at source. Furthermore, the Participant shall agree to indemnify the Company and its Affiliates, if applicable, and
hold them harmless from and against any and all liability for any tax, or interest or penalty thereon, including liabilities relating to the necessity to withhold, or to have withheld, any tax from any payment made to the Participant. 

25. Liability of Company. 
 (a) Inability to Obtain Authority. The inability of the Company to obtain 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. To remove any
doubt, the grant of Options under Section 102 is subject to (i) the approval of the Plan by the ITA, (ii) filing the Company’s Election with the Israeli income tax authorities at least thirty (30) days before the date of
grant of Awards. 
 (b) Grants Exceeding Allotted Shares. If the Awarded Stock covered by an Award exceeds, as of the
date of grant, the number of Shares which may be issued under the Plan without additional shareholder approval, such Award shall be void with respect to such excess Awarded Stock, unless shareholder approval of an amendment sufficiently increasing
the number of Shares subject to the Plan is timely obtained in accordance with Section 23(b) of the Plan. 
 26.
Reservation of Shares. The Company, during the term of this Plan, will at all times reserve and keep available such number of Shares as shall be sufficient to satisfy the requirements of the Plan. 

  
 24

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