Document:

SO 2014A & 2014B 8-K Ex 4-2b

Exhibit 4.2(b)
    

    

THE SOUTHERN COMPANY

TO

WELLS FARGO BANK, NATIONAL ASSOCIATION,
TRUSTEE

____________________

TENTH SUPPLEMENTAL INDENTURE

DATED AS OF AUGUST 22, 2014

____________________

SERIES 2014B 2.15% SENIOR NOTES

DUE SEPTEMBER 1, 2019

    

TABLE OF CONTENTS1 

	
				
	 
	 
	Page
	

	 
	 
	 

	ARTICLE 1
	SERIES 2014B SENIOR NOTES
	1
	

	 
	 
	 

	SECTION 101.
	Establishment
	1
	

	SECTION 102.
	Definitions
	2
	

	SECTION 103.
	Payment of Principal and Interest
	3
	

	SECTION 104.
	Denominations
	4
	

	SECTION 105.
	Global Securities
	4
	

	SECTION 106.
	Transfer
	4
	

	SECTION 107.
	Redemption at the Company’s Option
	5
	

	 
	 
	 

	ARTICLE 2
	MISCELLANEOUS PROVISIONS
	5
	

	 
	 
	 

	SECTION 201.
	Recitals by Company
	5
	

	SECTION 202.
	Ratification and Incorporation of Original Indenture
	5
	

	SECTION 203.
	Executed in Counterparts
	6
	

	 
	 
	 

	EXHIBIT A
	Form of Series 2014B Note
	A-1
	

	 
	 
	 

	EXHIBIT B
	Certificate of Authentication
	B-1
	

	 
	 
	 

1This Table of Contents does not constitute part of the Indenture or have any bearing upon the interpretation of any of its terms and provisions. 

i

THIS TENTH SUPPLEMENTAL INDENTURE is made as of the 22nd day of August, 2014, by and between THE SOUTHERN COMPANY, a Delaware corporation, 30 Ivan Allen Jr. Blvd., N.W., Atlanta, Georgia 30308 (the “Company”), and Wells Fargo Bank, National Association, a national banking association, 7000 Central Parkway, Suite 550, Atlanta, Georgia 30328 (the “Trustee”).
W I T N E S S E T H:
WHEREAS, the Company has heretofore entered into a Senior Note Indenture, dated as of January 1, 2007 (the “Original Indenture”), with Wells Fargo Bank, National Association;
WHEREAS, the Original Indenture is incorporated herein by this reference and the Original Indenture, as heretofore supplemented and as further supplemented by this Tenth Supplemental Indenture, is herein called the “Indenture”;
WHEREAS, under the Original Indenture, a new series of Senior Notes may at any time be established pursuant to a supplemental indenture executed by the Company and the Trustee;
WHEREAS, the Company proposes to create under the Indenture a new series of Senior Notes;
WHEREAS, additional Senior Notes of other series hereafter established, except as may be limited in the Original Indenture as at the time supplemented and modified, may be issued from time to time pursuant to the Indenture as at the time supplemented and modified; and
WHEREAS, all conditions necessary to authorize the execution and delivery of this Tenth Supplemental Indenture and to make it a valid and binding obligation of the Company have been done or performed.
NOW, THEREFORE, in consideration of the agreements and obligations set forth herein and for other good and valuable consideration, the sufficiency of which is hereby acknowledged, the parties hereto hereby agree as follows:
ARTICLE 1
SERIES 2014B SENIOR NOTES
SECTION 101.    Establishment.  There is hereby established a new series of Senior Notes to be issued under the Indenture, to be designated as the Company’s Series 2014B 2.15% Senior Notes due September 1, 2019 (the “Series 2014B Notes”).
There are to be authenticated and delivered $350,000,000 principal amount of Series 2014B Notes, and such principal amount of the Series 2014B Notes may be increased from time to time pursuant to Section 301 of the Original Indenture.  All Series 2014B Notes need not be issued at the same time and such series may be reopened at any time, without the consent of any Holder, for issuances of additional Series 2014B Notes.  Any such additional Series 2014B Notes will have the 

same interest rate, maturity and other terms as those initially issued (except for the public offering price and issue date and the initial interest accrual date and initial Interest Payment Date (as defined below), if applicable).  No Series 2014B Notes shall be authenticated and delivered in excess of the principal amount as so increased except as provided by Sections 203, 303, 304, 907 or 1107 of the Original Indenture.  The Series 2014B Notes shall be issued in fully registered form.
The Series 2014B Notes shall be issued in the form of one or more Global Securities in substantially the form set out in Exhibit A hereto.  The Depositary with respect to the Series 2014B Notes shall be The Depository Trust Company.
The form of the Trustee’s Certificate of Authentication for the Series 2014B Notes shall be in substantially the form set forth in Exhibit B hereto.
Each Series 2014B Note shall be dated the date of authentication thereof and shall bear interest from the date of original issuance thereof or from the most recent Interest Payment Date to which interest has been paid or duly provided for.
SECTION 102.    Definitions.  The following defined terms used herein shall, unless the context otherwise requires, have the meanings specified below.  Capitalized terms used herein for which no definition is provided herein shall have the meanings set forth in the Original Indenture.
“Comparable Treasury Issue” means the United States Treasury security selected by an Independent Investment Banker as having a maturity comparable to the remaining term of the Series 2014B Notes to be redeemed that would be utilized, at the time of selection and in accordance with customary financial practice, in pricing new issues of corporate debt securities of comparable maturity to the remaining term of the Series 2014B Notes.
“Comparable Treasury Price” means, with respect to any Redemption Date, (i) the average of the Reference Treasury Dealer Quotations for such Redemption Date, after excluding the highest and lowest of such Reference Treasury Dealer Quotations or (ii) if the Company obtains fewer than four such Reference Treasury Dealer Quotations, the average of all such quotations.
“Independent Investment Banker” means an independent investment banking institution of national standing appointed by the Company.
“Interest Payment Dates” means March 1 and September 1 of each year, commencing March 1, 2015.
“Original Issue Date” means August 22, 2014.
 “Reference Treasury Dealer” means a primary U.S. Government securities dealer in the United States appointed by the Company.
“Reference Treasury Dealer Quotation” means, with respect to a Reference Treasury Dealer and any Redemption Date, the average, as determined by the Company, of the bid and asked prices for the Comparable Treasury Issue (expressed in each case as a percentage of its principal amount 

2

and quoted in writing to the Company by such Reference Treasury Dealer at 5:00 p.m. Eastern time on the third Business Day in New York City preceding such Redemption Date).
“Regular Record Date” means, with respect to each Interest Payment Date, the 15th calendar day preceding such Interest Payment Date (whether or not a Business Day).
“Stated Maturity” means September 1, 2019.
“Treasury Yield” means, with respect to any Redemption Date, the rate per annum equal to the semiannual equivalent yield to maturity of the Comparable Treasury Issue, assuming a price for the Comparable Treasury Issue (expressed as a percentage of its principal amount) equal to the Comparable Treasury Price for such Redemption Date.
SECTION 103.    Payment of Principal and Interest.  The principal of the Series 2014B Notes shall be due at Stated Maturity (unless earlier redeemed).  The unpaid principal amount of the Series 2014B Notes shall bear interest at the rate of 2.15% per annum until paid or duly provided for.  Interest shall be paid semiannually in arrears on each Interest Payment Date to the Person in whose name the Series 2014B Notes are registered at the close of business on the Regular Record Date for such Interest Payment Date, provided that interest payable at the Stated Maturity or on a Redemption Date as provided herein will be paid to the Person to whom principal is payable.  Any such interest that is not so punctually paid or duly provided for will forthwith cease to be payable to the Holders on such Regular Record Date and may either be paid to the Person or Persons in whose name the Series 2014B Notes are registered at the close of business on a Special Record Date for the payment of such defaulted interest to be fixed by the Trustee, notice whereof shall be given to Holders of the Series 2014B Notes not less than ten (10) days prior to such Special Record Date, or be paid at any time in any other lawful manner not inconsistent with the requirements of any securities exchange, if any, on which the Series 2014B Notes shall be listed, and upon such notice as may be required by any such exchange, all as more fully provided in the Original Indenture.
Payments of interest on the Series 2014B Notes will include interest accrued to but excluding the respective Interest Payment Dates.  Interest payments for the Series 2014B Notes shall be computed and paid on the basis of a 360-day year of twelve 30-day months.  In the event that any date on which interest is payable on the Series 2014B Notes is not a Business Day, then payment of the interest payable on such date will be made on the next succeeding day that is a Business Day (and without any interest or other payment in respect of any such delay), with the same force and effect as if made on the date the payment was originally payable.
Payment of the principal and interest due at the Stated Maturity or earlier redemption of the Series 2014B Notes shall be made upon surrender of the Series 2014B Notes at the Corporate Trust Office of the Trustee.  The principal of and interest on the Series 2014B Notes shall be paid in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debts.  Payments of interest (including interest on any Interest Payment Date) will be made, subject to such surrender where applicable, at the option of the Company, (i) by check mailed to the address of the Person entitled thereto as such address shall appear in the Security Register or (ii) by wire transfer or other electronic transfer at such place and to such account at a banking institution in the United States as may be designated in writing to the Trustee at least sixteen (16) days prior to the date for payment by the Person entitled thereto.

3

SECTION 104.    Denominations.  The Series 2014B Notes may be issued in denominations of $1,000 or any integral multiple thereof.
SECTION 105.    Global Securities.  The Series 2014B Notes will be issued in the form of one or more Global Securities registered in the name of the Depositary (which shall be The Depository Trust Company) or its nominee.  Except under the limited circumstances described below, Series 2014B Notes represented by one or more Global Securities will not be exchangeable for, and will not otherwise be issuable as, Series 2014B Notes in definitive form.  The Global Securities described above may not be transferred except by the Depositary to a nominee of the Depositary or by a nominee of the Depositary to the Depositary or another nominee of the Depositary or to a successor Depositary or its nominee.
Owners of beneficial interests in such a Global Security will not be considered the Holders thereof for any purpose under the Indenture, and no Global Security representing a Series 2014B Note shall be exchangeable, except for another Global Security of like denomination and tenor to be registered in the name of the Depositary or its nominee or to a successor Depositary or its nominee.  The rights of Holders of such Global Security shall be exercised only through the Depositary.
Subject to the procedures of the Depositary, a Global Security shall be exchangeable for Series 2014B Notes registered in the names of persons other than the Depositary or its nominee only if (i) the Depositary notifies the Company that it is unwilling or unable to continue as a Depositary for such Global Security and no successor Depositary shall have been appointed by the Company, or if at any time the Depositary ceases to be a clearing agency registered under the Securities Exchange Act of 1934, as amended, at a time when the Depositary is required to be so registered to act as such Depositary and no successor Depositary shall have been appointed by the Company, in each case within 90 days after the Company receives such notice or becomes aware of such cessation, (ii) the Company in its sole discretion determines that such Global Security shall be so exchangeable, or (iii) there shall have occurred an Event of Default with respect to the Series 2014B Notes.  Any Global Security that is exchangeable pursuant to the preceding sentence shall be exchangeable for Series 2014B Notes registered in such names as the Depositary shall direct.
Neither the Company, the Trustee nor any agent of the Company or the Trustee shall have any responsibility or liability for any aspect of the records relating to or payments made on account of beneficial ownership interests in a Global Security or for maintaining, supervising or reviewing any records relating to such beneficial ownership interests.
SECTION 106.    Transfer.  No service charge will be made for any transfer or exchange of Series 2014B Notes, but payment will be required of a sum sufficient to cover any tax or other governmental charge that may be imposed in connection therewith.
The Company shall not be required (a) to issue, register the transfer of or exchange any Series 2014B Notes during a period beginning at the opening of business fifteen (15) days before the date of the mailing of a notice pursuant to Section 1104 of the Original Indenture identifying the serial numbers of the Series 2014B Notes to be called for redemption, and ending at the close of business on the date of the mailing, or (b) to register the transfer of or exchange any Series 2014B Notes theretofore selected for redemption in whole or in part, except the unredeemed portion of any Series 2014B Notes redeemed in part.

4

SECTION 107.    Redemption at the Company’s Option.  At any time and from time to time prior to August 1, 2019, the Series 2014B Notes will be subject to redemption at the option of the Company in whole or in part, upon not less than 30 nor more than 60 days’ notice, at Redemption Prices equal to the greater of (1) 100% of the principal amount of the Series 2014B Notes being redeemed and (2) the sum of the present values of the remaining scheduled payments of principal of and interest on the Series 2014B Notes being redeemed (not including any portion of such payments of interest accrued to the Redemption Date) discounted (for purposes of determining present value) to the Redemption Date on a semiannual basis (assuming a 360-day year consisting of twelve 30-day months) at a discount rate equal to the Treasury Yield plus 10 basis points plus, in each case, accrued and unpaid interest thereon to the Redemption Date.  At any time and from time to time on or after August 1, 2019, the Series 2014B Notes will be subject to redemption at the option of the Company in whole or in part upon not less than 30 nor more than 60 days’ notice, at a Redemption Price equal to 100% of the principal amount of the Series 2014B Notes being redeemed plus accrued and unpaid interest on the Series 2014B Notes being redeemed to the Redemption Date. 
In the event of redemption of the Series 2014B Notes in part only, a new Series 2014B Note or Notes for the unredeemed portion will be issued in the name or names of the Holders thereof upon the surrender thereof.
The Series 2014B Notes will not have a sinking fund.
Notice of redemption shall be given as provided in Section 1104 of the Original Indenture.  The Trustee shall not be responsible for the calculation of the Redemption Price with respect to any redemption occurring prior to August 1, 2019.  The Company shall calculate such Redemption Price and promptly notify the Trustee thereof.
Any redemption of less than all of the Series 2014B Notes shall, with respect to the principal thereof, be divisible by $1,000.
ARTICLE 2
MISCELLANEOUS PROVISIONS
SECTION 201.    Recitals by Company.  The recitals in this Tenth Supplemental Indenture are made by the Company only and not by the Trustee, and all of the provisions contained in the Original Indenture in respect of the rights, privileges, immunities, powers and duties of the Trustee shall be applicable in respect of Series 2014B Notes and of this Tenth Supplemental Indenture as fully and with like effect as if set forth herein in full.
SECTION 202.    Ratification and Incorporation of Original Indenture.  As supplemented hereby, the Original Indenture is in all respects ratified and confirmed, and the Original Indenture as supplemented by this Tenth Supplemental Indenture shall be read, taken and construed as one and the same instrument.

5

SECTION 203.    Executed in Counterparts.  This Tenth Supplemental Indenture may be simultaneously executed in several counterparts, each of which shall be deemed to be an original, and such counterparts shall together constitute but one and the same instrument.

6

IN WITNESS WHEREOF, each party hereto has caused this instrument to be signed in its name and behalf by its duly authorized officer, all as of the day and year first above written.
                            	
			
	THE SOUTHERN COMPANY

	By:
	/s/Art P. Beattie
	 

	 
	Art P. Beattie
Executive Vice President and Chief Financial Officer

	 
	 
	 

	WELLS FARGO BANK, NATIONAL 

	ASSOCIATION, as Trustee

	 
	 
	 

	By:
	/s/Stefan Victory
	 

	 
	Stefan Victory
Vice President

EXHIBIT A

FORM OF SERIES 2014B NOTE

	
				
	NO. __    

	 
	 
	CUSIP NO. 842587 CL9

THE SOUTHERN COMPANY
SERIES 2014B 2.15% SENIOR NOTE
DUE SEPTEMBER 1, 2019
	
			
	 
	Principal Amount:
	$______________

	 
	 
	 

	 
	Regular Record Date:
	15th calendar day prior to the applicable Interest Payment Date (whether or not a Business Day)

	 
	 
	 

	 
	Original Issue Date:
	August 22, 2014

	 
	 
	 

	 
	Stated Maturity:
	September 1, 2019

	 
	 
	 

	 
	Interest Payment Dates:
	March 1 and September 1

	 
	 
	 

	 
	Interest Rate:
	2.15% per annum

	 
	 
	 

	 
	Authorized Denominations:
	$1,000 or any integral multiple thereof

The Southern Company, a Delaware corporation (the “Company,” which term includes any successor corporation under the Indenture referred to on the reverse hereof), for value received, hereby promises to pay to _____________________________________, or registered assigns, the principal sum of ________________________________ DOLLARS ($__________) on the Stated Maturity shown above (or upon earlier redemption), and to pay interest thereon from the Original Issue Date shown above, or from the most recent Interest Payment Date to which interest has been paid or duly provided for, semiannually in arrears on each Interest Payment Date as specified above, commencing on March 1, 2015 and on the Stated Maturity (or upon earlier redemption) at the rate per annum shown above until the principal hereof is paid or made available for payment and at such rate on any overdue principal and on any overdue installment of interest.  The interest so payable, and punctually paid or duly provided for, on any Interest Payment Date (other than an Interest Payment Date that is the Stated Maturity or on a Redemption Date) will, as provided in such Indenture, be paid to the Person in whose name this Note (the “Note”) is registered at the close of business on the Regular Record Date as specified above next preceding such Interest Payment Date, provided that any interest payable at the Stated Maturity or on any Redemption Date will be paid to the Person to whom principal is payable.  Except as otherwise provided in the Indenture, any such interest not so punctually paid or duly provided for will forthwith cease to be payable to the Holder on such Regular Record Date and may either be paid to the Person in whose name this Note is registered at the close of business on a Special Record Date for the payment of such defaulted interest to be fixed by the Trustee, notice whereof shall be given to Holders of Notes of this series not less than 10 days prior to such Special Record Date, or be paid at any time in any other lawful manner not inconsistent with the requirements of any securities exchange, if any, on which the Notes of this series shall be listed, and upon such notice as may be required by any such exchange, all as more fully provided in the Indenture.

A-1

Payments of interest on this Note will include interest accrued to but excluding the respective Interest Payment Dates.  Interest payments for this Note shall be computed and paid on the basis of a 360-day year of twelve 30-day months.  In the event that any date on which interest is payable on this Note is not a Business Day, then payment of the interest payable on such date will be made on the next succeeding day that is a Business Day (and without any interest or other payment in respect of any such delay), with the same force and effect as if made on the date the payment was originally payable.  A “Business Day” shall mean any day other than a Saturday or a Sunday or a day on which banking institutions in New York City are authorized or required by law or executive order to remain closed or a day on which the Corporate Trust Office of the Trustee is closed for business.
Payment of the principal of and interest due at the Stated Maturity or earlier redemption of the Series 2014B Notes shall be made upon surrender of the Series 2014B Notes at the Corporate Trust Office of the Trustee.  The principal of and interest on the Series 2014B Notes shall be paid in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debts.  Payment of interest (including interest on an Interest Payment Date) will be made, subject to such surrender where applicable, at the option of the Company, (i) by check mailed to the address of the Person entitled thereto as such address shall appear in the Security Register or (ii) by wire transfer or other electronic transfer at such place and to such account at a banking institution in the United States as may be designated in writing to the Trustee at least 16 days prior to the date for payment by the Person entitled thereto.
REFERENCE IS HEREBY MADE TO THE FURTHER PROVISIONS OF THIS NOTE SET FORTH ON THE REVERSE HEREOF, WHICH FURTHER PROVISIONS SHALL FOR ALL PURPOSES HAVE THE SAME EFFECT AS IF SET FORTH AT THIS PLACE.
Unless the certificate of authentication hereon has been executed by the Trustee by manual signature, this Note shall not be entitled to any benefit under the Indenture or be valid or obligatory for any purpose.

A-2

IN WITNESS WHEREOF, the Company has caused this instrument to be duly executed under its corporate seal.
	
					
	Dated:
	 
	 
	 
	 

	 
	 
	 
	 
	 

	 
	 
	 
	THE SOUTHERN COMPANY

	 
	 
	 
	 
	 

	 
	 
	 
	 
	 

	 
	 
	 
	By:
	 

	 
	 
	 
	Title:
	 

	 
	 
	 
	 
	 

	 
	 
	 
	 
	 

	Attest:
	 
	 
	 
	 

	 
	 
	 
	 
	 

	 
	 
	 
	 
	 

	 
	 
	 
	 
	 

	 
	 
	 

	Title:
	 
	 
	 

{Seal of THE SOUTHERN COMPANY appears here}

A-3

CERTIFICATE OF AUTHENTICATION
This is one of the Senior Notes referred to in the within-mentioned Indenture.
	
					
	 
	 
	WELLS FARGO BANK, NATIONAL

	 
	 
	ASSOCIATION, as Trustee

	 
	 
	 
	 
	 

	 
	 
	By:
	 

	 
	 
	 
	Authorized Officer

A-4

(Reverse Side of Note)
This Note is one of a duly authorized issue of Senior Notes of the Company (the “Notes”), issued and issuable in one or more series under a Senior Note Indenture, dated as of January 1, 2007, as supplemented (the “Indenture”), between the Company and Wells Fargo Bank, National Association, Trustee (the “Trustee,” which term includes any successor trustee under the Indenture), to which Indenture and all indentures incidental thereto reference is hereby made for a statement of the respective rights, limitation of rights, duties and immunities thereunder of the Company, the Trustee and the Holders of the Notes issued thereunder and of the terms upon which said Notes are, and are to be, authenticated and delivered.  This Note is one of the series designated on the face hereof as Series 2014B 2.15% Senior Notes due September 1, 2019 (the “Series 2014B Notes”) which is unlimited in aggregate principal amount.  Capitalized terms used herein for which no definition is provided herein shall have the meanings set forth in the Indenture.
The Series 2014B Notes will not have a sinking fund.
At any time and from time to time prior to August 1, 2019, the Series 2014B Notes will be subject to redemption at the option of the Company in whole or in part upon not less than 30 nor more than 60 days’ notice, at Redemption Prices equal to the greater of (i) 100% of the principal amount of the Series 2014B Notes being redeemed and (ii) the sum of the present values of the remaining scheduled payments of principal of and interest on the Series 2014B Notes being redeemed (not including any portion of such payments of interest accrued to the Redemption Date) discounted (for purposes of determining present value) to the Redemption Date on a semiannual basis (assuming a 360-day year consisting of twelve 30-day months) at a discount rate equal to the Treasury Yield plus 10 basis points, plus, in each case, accrued and unpaid interest thereon to the Redemption Date.  At any time and from time to time on or after August 1, 2019, the Series 2014B Notes will be subject to redemption at the option of the Company in whole or in part upon not less than 30 nor more than 60 days’ notice, at a Redemption Price equal to 100% of the principal amount of the Series 2014B Notes being redeemed plus accrued and unpaid interest on the Series 2014 Notes being redeemed to the Redemption Date. 
“Treasury Yield” means, with respect to any Redemption Date, the rate per annum equal to the semiannual equivalent yield to maturity of the Comparable Treasury Issue, assuming a price for the Comparable Treasury Issue (expressed as a percentage of its principal amount) equal to the Comparable Treasury Price for such Redemption Date.
“Comparable Treasury Issue” means the United States Treasury security selected by an Independent Investment Banker as having a maturity comparable to the remaining term of the Series 2014B Notes to be redeemed that would be utilized, at the time of selection and in accordance with customary financial practice, in pricing new issues of corporate debt securities of comparable maturity to the remaining term of the Series 2014B Notes.
“Comparable Treasury Price” means, with respect to any Redemption Date, (i) the average of the Reference Treasury Dealer Quotations for such Redemption Date, after excluding the highest and lowest of such Reference Treasury Dealer Quotations or (ii) if the Company 

A-5

obtains fewer than four such Reference Treasury Dealer Quotations, the average of all such quotations.
“Independent Investment Banker” means an independent investment banking institution of national standing appointed by the Company.
“Reference Treasury Dealer” means a primary U.S. Government securities dealer in the United States appointed by the Company.
“Reference Treasury Dealer Quotation” means, with respect to a Reference Treasury Dealer and any Redemption Date, the average, as determined by the Company, of the bid and asked prices for the Comparable Treasury Issue (expressed in each case as a percentage of its principal amount and quoted in writing to the Company by such Reference Treasury Dealer at 5:00 p.m. Eastern time on the third Business Day in New York City preceding such Redemption Date).
The Trustee shall not be responsible for the calculation of the Redemption Price with respect to any redemption occurring prior to August 1, 2019.  The Company shall calculate such Redemption Price and promptly notify the Trustee thereof.
In the event of redemption of this Note in part only, a new Note or Notes of this series for the unredeemed portion hereof will be issued in the name of the Holder hereof upon the surrender hereof.  The Series 2014B Notes will not have a sinking fund.
If an Event of Default with respect to the Notes of this series shall occur and be continuing, the principal of the Notes of this series may be declared due and payable in the manner, with the effect and subject to the conditions provided in the Indenture.
The Indenture permits, with certain exceptions as therein provided, the amendment thereof and the modification of the rights and obligations of the Company and the rights of the Holders of the Notes of each series to be affected under the Indenture at any time by the Company and the Trustee with the consent of the Holders of not less than a majority in principal amount of the Notes at the time Outstanding of each series to be affected.  The Indenture also contains provisions permitting the Holders of specified percentages in principal amount of the Notes of each series at the time Outstanding, on behalf of the Holders of all Notes of such series, to waive compliance by the Company with certain provisions of the Indenture and certain past defaults under the Indenture and their consequences.  Any such consent or waiver by the Holder of this Note shall be conclusive and binding upon such Holder and upon all future Holders of this Note and of any Note issued upon the registration of transfer hereof or in exchange hereof or in lieu hereof, whether or not notation of such consent or waiver is made upon this Note.
No reference herein to the Indenture and no provision of this Note or of the Indenture shall alter or impair the obligation of the Company, which is absolute and unconditional, to pay the principal of and interest on this Note at the times, place and rate, and in the coin or currency, herein prescribed.
As provided in the Indenture and subject to certain limitations therein set forth, the transfer of this Note is registrable in the Security Register, upon surrender of this Note for registration of 

A-6

transfer at the office or agency of the Company for such purpose, duly endorsed by, or accompanied by a written instrument of transfer in form satisfactory to the Company and the Security Registrar and duly executed by, the Holder hereof or his attorney duly authorized in writing, and thereupon one or more new Notes of this series, of authorized denominations and of like tenor and for the same aggregate principal amount, will be issued to the designated transferee or transferees.  No service charge shall be made for any such registration of transfer or exchange, but the Company may require payment of a sum sufficient to cover any tax or other governmental charge payable in connection therewith.
Prior to due presentment of this Note for registration of transfer, the Company, the Trustee and any agent of the Company or the Trustee may treat the Person in whose name this Note is registered as the owner hereof for all purposes, whether or not this Note be overdue, and neither the Company, the Trustee nor any such agent shall be affected by notice to the contrary.
The Notes of this series are issuable only in registered form without coupons in denominations of $1,000 and any integral multiple thereof.  As provided in the Indenture and subject to certain limitations therein set forth, Notes of this series are exchangeable for a like aggregate principal amount of Notes of this series of a different authorized denomination, as requested by the Holder surrendering the same upon surrender of the Note or Notes to be exchanged at the office or agency of the Company.
This Note shall be governed by, and construed in accordance with, the internal laws of the State of New York.

A-7

ABBREVIATIONS
The following abbreviations, when used in the inscription on the face of this instrument, shall be construed as though they were written out in full according to applicable laws or regulations:

	
						
	TEN COM-
	as tenants in
common
	 
	UNIF GIFT MIN ACT-
	_______ Custodian ________

	TEN ENT-
	as tenants by the
entireties
	 
	 
	(Cust)
	(Minor)

	JT TEN-
	as joint tenants
with right of
survivorship and
not as tenants
in common
	 
	 
	 
	 

Additional abbreviations may also be used
though not on the above list.
	
					
	 
	FOR VALUE RECEIVED, the undersigned hereby sell(s) and transfer(s) unto

	 
	 
	 
	 
	 

	(please insert Social Security or other identifying number of assignee)

	 
	 
	 
	 
	 

	 
	 
	 
	 
	 

	PLEASE PRINT OR TYPEWRITE NAME AND ADDRESS, INCLUDING POSTAL ZIP CODE 

	 OF ASSIGNEE
	 
	 
	 

	 

	 

	the within Note and all rights thereunder, hereby irrevocably constituting and appointing

	 

	 

	agent to transfer said Note on the books of the Company, with full power of substitution in the

	premises.
	 
	 
	 

	 
	 
	 
	 
	 

    
	
				
	Dated: 
	 
	 
	

	 
	 
	 
	 

NOTICE:  The signature to this assignment must correspond with the name as written upon the face of the within instrument in every particular without alteration or enlargement, or any change whatever.

A-8

EXHIBIT B
CERTIFICATE OF AUTHENTICATION
This is one of the Senior Notes referred to in the within-mentioned Indenture.

	
					
	 
	 
	WELLS FARGO BANK, NATIONAL

	 
	 
	ASSOCIATION, as Trustee

	 
	 
	 
	 
	 

	 
	 
	 
	 
	 

	 
	 
	By:
	 

	 
	 
	 
	Authorized Officer

	 
	 
	 
	 
	 

	 
	 
	 
	 
	 

	 
	 
	 
	 
	 

	 
	 
	 
	 
	 

B-1Exhibit 10.1

 Exhibit 10.1 

FTI CONSULTING, INC. 

2014 EMPLOYMENT INDUCEMENT AWARD 

RESTRICTED STOCK AWARD AGREEMENT 

To                     
                    : 
 FTI
Consulting, Inc., a Maryland corporation (the “Company”), has granted you an employment inducement award (the “Inducement Award”) of
                 restricted shares (the “Award Shares”) of the Company’s common stock, $0.01 par value (the “Common
Stock”), conditioned upon your agreement to the terms and conditions described below. The effective “Grant Date” will be
                 , 20    , subject to your promptly accepting and acknowledging a copy of this Agreement (as defined below)
to the Company. 
 This inducement award agreement (the “Agreement”) evidences the award of the Award Shares
pursuant to the Inducement Award authorized by the Compensation Committee of the Board of Directors of the Company under Rule 303.08 of the New York Stock Exchange, granted to you outside of the FTI Consulting, Inc. 2009 Omnibus Incentive
Compensation Plan, as amended and restated as of June 2, 2010, as further amended from time to time (the “2009 Plan”), as a material inducement for you to accept employment with the Company and enter into the Offer of
Employment Letter with the Company dated                  , 20         (the “Offer
Letter”). This Agreement and the Inducement Award of the Award Shares are made in consideration of your employment with the Company or your Employer (as hereafter defined) and is subject to any applicable terms of the written Offer
Letter or successor agreement, each as amended or restated from time to time (“Employment Agreement”), if applicable, between you (the “Employee”) and the Company or an Affiliate of the Company (the
“Employer”). The Inducement Award incorporates any terms and conditions relating to Award Shares or this Inducement Award (if applicable) contained in the Employment Agreement, and specifies other applicable terms and
conditions of your Award Shares. 
 Notwithstanding the foregoing, it is intended that all of the terms and conditions of the 2009 Plan that
would otherwise have been applicable to the Inducement Award had the Inducement Award been granted under the 2009 Plan (except as otherwise expressly provided in this Agreement or your Employment Agreement) shall be applicable to the Inducement
Award, and accordingly, references to the 2009 Plan are made herein for such purpose and those terms (including capitalized terms not defined herein or in the Employment Agreement) are incorporated herein by reference. You agree to accept as
binding, conclusive, and final all decisions or interpretations of the Committee concerning any questions arising under this Agreement, or the 2009 Plan, with respect to the Inducement Award. 

Copies of the Prospectus for the Inducement Award, as amended or restated from time to time (the “Prospectus”), and
the 2009 Plan, are attached or have otherwise been electronically provided to you. By executing this Agreement, you acknowledge that you have received copies of the Prospectus and the 2009 Plan and have read, understand and agree to all terms. You
may request additional copies of the Prospectus or the 2009 Plan by contacting the Secretary of the 

  
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Company at FTI Consulting, Inc., 2 Hamill Road, North Building, Baltimore, Maryland 21210 (Phone: (410) 951-4800). You also may request from the Secretary of the Company copies of the other
documents that make up a part of the Prospectus (described more fully at the end of the Prospectus), as well as all reports, proxy statements and other communications distributed to the Company’s security holders generally. 

1. Terminology; Conflicts. The Glossary at the end of this Agreement includes definitions of certain capitalized words used in this
Agreement. All terms not defined in this Agreement (including the Glossary) have the meanings given in the 2009 Plan (or if applicable, the Employment Agreement). Unless otherwise specifically provided in this Agreement, in the event of any
conflict, ambiguity or inconsistency between or among any term in this Agreement, the 2009 Plan or your Employment Agreement (if applicable), the provisions of, first, your Employment Agreement, second, this Agreement, and lastly, the 2009 Plan,
will control in that order of priority, except in the case of Section 14 of this Agreement, which will control in all cases. 
 2.
Employment Agreement. All of the Inducement Award and Award Shares are nonvested and forfeitable as of the Grant Date. The Inducement Award and Award Shares are granted subject to the forfeiture, vesting and other provisions specifically set
forth herein and in the Employment Agreement. Notwithstanding anything to the contrary, the Inducement Award and the Award Shares will be subject to and bound by all terms and conditions in this Agreement and the 2009 Plan not specifically covered
by or contrary to the effective Employment Agreement. 
 3. Terms and Conditions Not Specifically Set Forth in the Employment
Agreement. Absent an Employment Agreement or terms and conditions to the contrary, the following terms and conditions will apply: 
 (a)
Vesting. Your Award Shares shall be subject to the following forfeiture and vesting provisions: 
  

	 	i.	All of the Award Shares are nonvested and forfeitable as of the Grant Date. 

  

	 	ii.	 So long as your “Service” (as hereafter defined) with the Company or an Affiliate of the Company continues through the applicable date upon
which vesting is scheduled to occur,     % of the Award Shares will vest and 

  
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become nonforfeitable on the      year anniversary of the Grant Date,     % of the Award Shares will vest and become nonforfeitable on
the      year anniversary of the Grant Date, the remaining     % of the Award Shares will vest and become nonforfeitable on the      year anniversary of the
Grant Date     % of the Award Shares will vest and become nonforfeitable on the      year anniversary of the Grant Date, and     % of the Award Shares will vest
and become nonforfeitable on the      year anniversary of the Grant Date; such that 100% of the Award Shares shall be fully vested by the      anniversary of the Grant Date except none
of the Award Shares will become vested and nonforfeitable after your “Service” with the Company and its Affiliates ceases unless otherwise provided in this Agreement or the Employment Agreement. 

(b) Acceleration of Vesting. Except as otherwise provided in your effective Employment Agreement, in which case the terms of your
Employment Agreement will control; provided that you (or your legally appointed administrator, personal representative, executor, conservator or guardian) timely executes and delivers a “Release” (as hereafter defined) in accordance with
the Employment Agreement, the treatment of your Award Shares on any of the below events will be as follows: 
  

	 	i.	    % of the outstanding Award Shares will become fully vested and nonforfeitable upon termination of employment or your “Service” by the Company or your Employer without
“Cause;” 

  

	 	ii.	    % of the outstanding Award Shares will become fully vested and nonforfeitable upon termination of your employment or “Service” by you for “Good Reason;”

  

	 	iii.	all outstanding Award Shares will become fully vested and nonforfeitable upon your death; or 

  

	 	iv.	all outstanding Award Shares will become fully vested and nonforfeitable upon your “Total and Permanent Disability.” 

(c) Other Termination Events. Except as otherwise provided in your effective Employment Agreement, in which case the terms of your
Employment Agreement will control the treatment of your Award Shares on any of the following events; (i) if your “Service” with the 

  
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Company and its Affiliates ceases due to termination by the Company or your Employer for “Cause,” all Award Shares that are not then vested and nonforfeitable will be immediately
forfeited for no consideration, or (ii) if your “Service” with the Company and its Affiliates ceases due to termination by you (excepting any termination by you for “Good Reason,” if applicable), all Award Shares that are
not then vested and nonforfeitable will be immediately forfeited for no consideration, or (iii) if there is a “Change in Control” (as defined in your Employment Agreement, or if not defined therein, as defined in the 2009 Plan), the
Award Shares will remain in full effect and shall be treated consistent with your Employment Agreement or the 2009 Plan, as the case may be. 

(d) Release. The failure to timely execute and deliver a “Release” in accordance with the Employment Agreement by you (or if
applicable, your executor, administrator, or legally authorized guardian or personal representative) shall result in the forfeiture of the applicable Award Shares for no consideration. 

4. Restrictions on Transfer. You may not sell, assign, transfer, pledge, hedge, hypothecate, encumber or dispose of in any way (whether
by operation of law or otherwise) any unvested Award Shares, and unvested Award Shares may not be subject to execution, attachment or similar process. Any sale or transfer, pledge, hedge, hypothecation, encumbrance or other disposition, or purported
sale or transfer, pledge, hedge, hypothecation, encumbrance or other disposition, shall be null and void. The Company will not be required to recognize on its books any action taken in contravention of these restrictions. 

5. Stock Certificates. 

(a) Unvested Shares. You are reflected as the owner of record of the Award Shares on the Company’s books. The Company will hold the
share certificates for safekeeping, or otherwise retain the Award Shares in uncertificated book entry form, until the Award Shares become vested and nonforfeitable, and any share certificates (or book entry) representing such unvested shares will
include a legend (or electronic notation) to the effect that you may not sell, assign, transfer, pledge, hedge, or hypothecate the Award Shares. If you forfeit any Award Shares, the share certificate or book entry, as the case may be, will be
cancelled by the Company’s transfer agent upon instructions from the Company. 
 (b) Vested Shares. As soon as practicable after
the Award Shares vest, the Company will deliver a share certificate to you, or deliver shares electronically or in certificate form to your designated broker on your behalf. If you are deceased (or in case of your Total and Permanent Disability and
if necessary) at the time that a delivery of shares is to be made, the shares will be delivered in accordance with the instructions received from your executor, administrator, legally authorized guardian or personal representative. 

(c) Legends. Any share certificates delivered or Award Shares delivered electronically will, unless the Award Shares are registered and
such registration is in effect, or an exemption from registration is available, under applicable federal and state law, bear a legend (or electronic notation) restricting transferability of such Award Shares. 

(d) Postponement of Delivery. The Company may postpone the issuance and delivery of any Award Shares for so long as the Company
determines to be necessary or advisable to satisfy the following: 

  
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	 	i.	the completion or amendment of any registration of the Award Shares or satisfaction of any exemption from registration under any securities law, rule, or regulation; 

 

	 	ii.	compliance with any requests for representations; and 

  

	 	iii.	receipt of proof satisfactory to the Company that a person seeking such Award Shares on your behalf upon your Total and Permanent Disability (if necessary), or upon your estate’s behalf after your death, is
appropriately authorized. 

 6. Taxation. 

(a) Tax Withholding. By signing this Agreement, you authorize your Employer and the Company, except as provided below, to deduct from
any compensation or any other payment of any kind due you the amount of any federal, state, local or foreign taxes required by law to be withheld as a result of the grant or vesting of the Award Shares in whole or in part. The Company may, in its
discretion, agree that it will, upon your request, permit you to satisfy, in whole or in part, the Company’s minimum statutory withholding tax obligation (based on minimum rates for federal and state law purposes, including payroll taxes) which
may arise in connection with the Inducement Award, either by electing to have the Company withhold the issuance of, or redeem, shares of Common Stock or by electing to deliver to the Company already-owned shares of Common Stock of the Company, in
either case having a Fair Market Value equal to the amount necessary to satisfy the statutory minimum withholding amount due. In lieu of the foregoing, the Company may require you to make a cash payment to such Employer or the Company equal to the
amount required to be withheld. If you do not make provision for the payment of such taxes when requested, the Company may refuse to issue any Common Stock certificate, or electronically transfer vested Award Shares, under this Agreement until
arrangements satisfactory to the Committee for such payment have been made. 
 (b) Tax Election. You are advised to seek
independent tax advice from your own advisors regarding the availability and advisability of making an election under Section 83(b) of the Internal Revenue Code of 1986, as amended. Any such election, if made, must be made within 30
days of the Grant Date. You expressly acknowledge that you are solely responsible for filing any such Section 83(b) election with the appropriate governmental authorities, irrespective of the fact that such election is also delivered to your
Employer or the Company. You may not rely on your Employer, the Company or any of their respective officers, directors or employees for tax or legal advice regarding this Inducement Award. You acknowledge that you have sought tax and legal advice
from your own advisors regarding this Inducement Award or have voluntarily and knowingly foregone such consultation. 
 7. Adjustments
for Corporate Transactions and Other Events. 
 (a) Stock Dividend, Stock Split and Reverse Stock Split. Upon a stock dividend of,
or stock split or reverse stock split affecting, the Common Stock, the number of Award Shares and the number of such Award Shares that are nonvested and forfeitable will, 

  
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without further action of the Committee, be adjusted to reflect such event. The Committee may make adjustments, in its discretion, to address the treatment of fractional shares with respect to
the Award Shares as a result of the stock dividend, stock split or reverse stock split. Adjustments under this Section 7 will be made by the Committee, whose determination as to what adjustments, if any, will be made and the extent thereof will
be final, binding and conclusive. No fractional Award Shares will result from any such adjustments. 
 (b) Binding Nature of
Agreement. The terms and conditions of this Agreement will apply with equal force to any additional and/or substitute securities received by you in exchange for, or by virtue of your ownership of, the Award Shares, whether as a result of any
spin-off, stock split-up, stock dividend, stock distribution, other reclassification of the Common Stock of the Company, or other similar event. If the Award Shares are converted into or exchanged for, or stockholders of the Company receive by
reason of any distribution in total or partial liquidation or pursuant to any merger of the Company or acquisition of its assets, securities of another entity, or other property (including cash), then the rights of the Company under this Agreement
will inure to the benefit of the Company’s successor, and this Agreement will apply to the securities or other property received upon such conversion, exchange or distribution in the same manner and to the same extent as the Award Shares. 

8. Non-Guarantee of Employment or Service Relationship. Nothing in this Agreement alters your at-will or other employment status
pursuant to your Employment Agreement, if applicable, or other “Service” relationship with your Employer and the Company. This Agreement is not to be construed as a contract of employment or “Service” relationship between the
Company (or your Employer) or any of its Affiliates and you, nor as a contractual right of you to continue in the employ of, or in a “Service” relationship with, the Company (or your Employer) or any of its Affiliates for any period of
time. This Agreement does not limit in any manner the right of your Employer or the Company to discharge you at any time with or without “Cause” or notice and whether or not such discharge results in the forfeiture of any Award Shares or
any other adverse effect on your interests under the Inducement Award. 
 9. Rights as Stockholder. As the owner of record of Award
Shares, you are entitled to all rights of a stockholder of the Company, including the right to vote the Award Shares, except that you will not have any right to cash dividends or other distributions declared or paid with respect to nonvested and
forfeitable Award Shares. All cash dividends and any other distributions paid with respect to nonvested Award Shares will be held by the Company in trust for your benefit and paid to you upon vesting of the Award Shares. Upon forfeiture of any Award
Shares, any cash dividends and distributions then held in trust with respect to such shares will be forfeited and will be returned to the Company. 

10. The Company’s Rights. The existence of the Award Shares does not affect in any way the right or power of the Company or its
stockholders to make or authorize any or all adjustments, recapitalizations, reorganizations or other changes in the Company’s capital structure or its business, including that of its Affiliates, or any merger or consolidation of the Company or
any Affiliate, or any issue of bonds, debentures, preferred or other stocks with preference ahead of or convertible into, or otherwise affecting the Common Stock or the rights thereof, or the dissolution or liquidation of the Company or any
Affiliate, or any sale or transfer of all or any part of the Company’s or any Affiliate’s assets or business, or any other corporate act or proceeding, whether of a similar character or otherwise. 

  
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 11. Entire Agreement. This Agreement and the terms of the Employment Agreement (if
applicable) and 2009 Plan incorporated into this Agreement, contains the entire agreement between you, your Employer and the Company with respect to the Award Shares. Any and all existing oral or written agreements, representations, warranties,
written inducements, or other communications made prior to the execution of this Agreement by any person with respect to the Inducement Award or the Award Shares are superseded by this Agreement and are void and ineffective for all purposes. 

12. RESERVED 
 13.
Amendment. This Agreement may be amended from time to time by the Committee in its discretion; provided, however, that this Agreement may not be modified in a manner that would have a materially adverse effect on the Award
Shares as determined in the discretion of the Committee, except as provided in the 2009 Plan, the Employment Agreement (if applicable) or in any other written document signed by you and the Company. 

14. Governing Law. The validity, construction and effect of this Agreement, and of any determinations or decisions made by the
Committee relating to this Agreement, and the rights of any and all persons having or claiming to have any interest under this Agreement, will be determined exclusively in accordance with the laws of the State of Maryland, without regard to its
provisions concerning the applicability of laws of other jurisdictions. Any suit with respect to the Inducement Award or the Award Shares will be brought in the federal or state courts in the districts which include Baltimore, Maryland, and you
agree and submit to the personal jurisdiction and venue thereof. 
 15. Severability. If a court of competent jurisdiction (or
arbitrator(s), as applicable) determines that any portion of this Agreement is in violation of any statute or public policy, then only the portions of this Agreement which violate such statute or public policy shall be stricken, and all portions of
this Agreement which do not violate any statute or public policy shall continue in full force and effect. Further, it is the parties’ intent that any court order (or decision of arbitrator(s) as applicable) striking any portion of this
Agreement should modify the terms as narrowly as possible to give as much effect as possible to the intentions of the parties’ under this Agreement. 

16. Further Assurances. You agree to use your reasonable and diligent best efforts to proceed promptly with the transactions
contemplated herein, to fulfill the conditions precedent for your benefit or to cause the same to be fulfilled and to execute such further documents and other papers and perform such further acts as may be reasonably required or desirable to carry
out the provisions hereof and the transactions contemplated herein. 
 17. Headings. Section headings are used in this Agreement for
convenience of reference only and shall not affect the meaning of any provision of this Agreement. 

  
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 18. Counterparts. This Agreement may be executed in counterparts (including electronic
signatures or facsimile copies), each of which will be deemed an original, but all of which together will constitute the same instrument. 

{The Glossary follows on the next page.} 

  
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 GLOSSARY 

(a) “Cause” has the meaning ascribed to such term or words of similar import in your Employment Agreement, if
applicable, and, in the absence of an effective Employment Agreement, means (i) conviction of or pleading of nolo contendre to a felony, (ii) fraud on or misappropriation of any funds or property of the Company, an Affiliate, customer or
client, (iii) your breach of any provision of any employment, non-disclosure, non-competition, non-solicitation, assignment of inventions, or other similar agreement executed by you for the benefit of the Company and its Affiliates,
(iv) dishonesty, (v) engaging in any act or omission which is in material violation of any Company or Employer policy, (vi) willful misconduct in connection with your duties or responsibilities or otherwise, gross negligence in the
performance of your duties or responsibilities, or (vii) failure to perform your responsibilities in the best interests of the Company or any of its Affiliates, each as determined in good faith by the Company, which determination is conclusive.

 (b) “Good Reason” has the meaning ascribed to such term or words, if any, of similar import in your Employment
Agreement, if applicable, and in the absence of an effective Employment Agreement providing for “good reason” termination rights, there shall be none. 

(c) “Release” refers to a valid waiver and general release of claims against the Company, in a form and manner
acceptable to the Company and consistent with the Employment Agreement, with such revisions reasonably determined by the Company to be necessary at the applicable time. 

(d) “Service” means your employment or other service relationship with the Company or your Employer so long as your
Employer is an Affiliate of the Company, except that if you cease to be a “common law employee” of the Company or any of its Affiliates but you continue to provide bona fide services (which shall not include any period of salary
continuation commencing after termination due to your Employment Agreement (if applicable) or any Company severance plan) to the Company or any of its Affiliates following such cessation in a different capacity, including without limitation as a
director, consultant or independent contractor, then a termination of your employment or service relationship will not be deemed to have occurred for purposes of this Agreement upon such change in capacity. In the event that your employment or
service relationship is with a business, trade or entity that, after the Grant Date, ceases for any reason to be part of the Company or an Affiliate, your employment or service relationship will be deemed to have terminated for purposes of this
Agreement upon such cessation if your employment or service relationship does not continue uninterrupted immediately thereafter with the Company or an Affiliate of the Company. 

(e) “Total and Permanent Disability” has the meaning ascribed to such term or words of similar import in your
Employment Agreement, if applicable, and, in the absence of an effective Employment Agreement, means the inability to engage in any substantial gainful activity by reason of any medically determinable physical or mental impairment which can be
expected to result in your death or which has lasted or can be expected to last for a continuous period of not less than twelve months. The Committee may require such proof of Total and Permanent Disability as the Committee in its sole discretion
deems appropriate and the Committee’s good faith determination as to whether and when you are totally and permanently disabled will be final and binding on all parties concerned. 

  
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 (f) “You,” “Your” means the recipient of the
Award Shares as reflected in the first paragraph of this Agreement. Whenever the word “you” or “your” is used in any provision of this Agreement under circumstances where the provision should logically be construed, as determined
by the Committee, to apply to the estate, personal representative, or beneficiary to whom the Award Shares may be transferred by will or by the laws of descent and distribution, the words “you” and “your” will be deemed to
include such person. 
 {Signature page follows}  

  
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 IN WITNESS WHEREOF, this Agreement is dated and has been executed as of the date electronically
accepted and acknowledged by the award recipient. 

  
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