Document:

EX-10.14

 Exhibit 10.14 

FMSA HOLDINGS INC. 

STOCK OPTION PLAN 

Amended and Restated as of September 11, 2014 
  

	1.	Purposes. 

 The Stock Option Plan (the “Plan”) of FMSA
Holdings Inc. (the “Company”), adopted by the Board of Directors of the Company (the “Board”) on December 7, 2010 and amended and restated as of September 11, 2014 is intended to further the
growth, development and financial success of the Company by providing incentives to those officers, key employees and key non-employees of the Company and its subsidiaries who have the capacity to contribute in substantial measure toward the growth
and profitability of the Company and to assist the Company in attracting and retaining employees and directors with ability to make such contributions. Upon the adoption of the Plan, no further awards shall be granted under the FMSA Holdings Inc.
Long-Term Incentive Compensation Plan (the “LTICP”). Awards outstanding under the LTICP and the FMSA Holdings Inc. Non-Qualified Stock Plan as of the date of the adoption of this Plan shall otherwise continue in effect in
accordance with the terms of such plans pursuant to which they were granted. 
  

	2.	Definitions. 

 As used in this Agreement, the following terms have the meanings
set forth below: 
 “Affiliate,” when used with reference to any Person, shall mean any other Person that directly,
or indirectly through one or more intermediaries, controls, is controlled by, or is under common control with, the Person specified. “Affiliates” of ASP shall not include corporations conducting an active trade or business or
their parent corporations. 
 “ASP” shall mean (i) ASP FML Holdings, LLC and/or (ii) any other general or
limited partnership, corporation or limited liability company having as a general partner, controlling equity holder or managing member (whether directly or indirectly) a Person who is a member of American Securities LLC or an Affiliate of any such
Person. 
 “Cause” shall mean that: 

(i) the Optionee has committed a deliberate and premeditated act against the interests of the Company including, without limitation, an act of
fraud, embezzlement, misappropriation or breach of fiduciary duty against the Company, including, but not limited to, the offer, payment, solicitation or acceptance of any unlawful bribe or kickback with respect to the Company’s business; or

 (ii) the Optionee has been convicted by a court of competent jurisdiction of, or pleaded guilty or nolo contendere to, any felony or any
crime involving moral turpitude; or 
 (iii) the Optionee has failed to perform or neglected the material duties incident to his employment
with the Company on a regular basis; or 

 (iv) the Optionee has been chronically absent from work (excluding vacations, illnesses,
Disability or leaves of absence approved by the Board); or 
 (v) the Optionee has refused, after explicit written notice, to obey any
lawful resolution of or direction by the Board which is consistent with the duties incident to his employment with the Company; or 
 (vi)
the Optionee has engaged in (x) the unlawful use (including being under the influence) or possession of illegal drugs on the Company’s premises or (y) habitual drunkenness; 

provided, however, that no termination shall be for Cause under clauses (iii) or (v) above until the Optionee shall have been provided
an opportunity (not to exceed 30 days) to cure any act or failure to act alleged to constitute Cause after a written demand shall have been delivered to the Optionee specifying the alleged act or failure to act and the Optionee fails to cure such
action or inaction. Any Voluntary Termination in anticipation of an involuntary termination of the Optionee’s employment for Cause shall be deemed to be a termination for “Cause.” In the event that an Optionee is party to an
employment, severance or similar agreement with the Company or any of its Affiliates and such agreement contains a definition of “Cause,” the definition of “Cause” set forth above shall be deemed replaced and superceded, with
respect to such Optionee, by the definition of “Cause” used in such employment agreement. 
 “Code” shall
mean the Internal Revenue Code of 1986, as amended. 
 “Committee” shall mean the Compensation Committee of the
Board or, if no Committee has been appointed, the Board (acting by a majority). 
 “Common Stock” shall mean the
shares of Class B non-voting common stock of the Company. 
 “Disability” shall mean a permanent and total
disability as defined in Section 22(e)(3) of the Code. 
 “Eligible Participant” shall mean any Employee and
Key Non-Employee. 
 “Employee” shall mean any employee (including any officer) of the Company or any subsidiary or
Affiliate thereof. 
 “Exchange Act” shall mean the Securities Exchange Act of 1934, as amended. 

“Fair Market Value” of a share of Common Stock on any date shall mean, (i) if the Common Stock is listed on a
national stock exchange, the officially quoted closing price on such stock exchange, (ii) if the Common Stock is listed on the NASDAQ National Market, the officially quoted closing price on NASDAQ, (iii) if the Common Stock is listed on
NASDAQ but not on the National Market, the average of the closing bid and asked prices reported by NASDAQ, in each case on the date as of which the value is to be determined (or if such date is not a trading day, as of the preceding trading day), or
(iv) if the Common Stock is not listed on either a national stock exchange or NASDAQ, the fair market value shall be based upon the bi-annual valuation conducted by the Company, or, in the absence of such valuation, shall be as determined in
good faith by the Board. 

  
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 “Incentive Stock Option” shall mean an Option intended to meet the
requirements of Section 422 of the Code. 
 “IPO” shall mean any issuance or sale of Shares in a public
offering pursuant to an effective registration statement filed by the Company pursuant to the Securities Act, which yields net proceeds to the Company of at least $100,000,000 and at the time of which offering such Shares are or become listed on a
national securities exchange or quoted in an over-the-counter market. 
 “Key Non-Employee” shall mean a
non-employee director, consultant, or independent contractor of the Company or of an Affiliate who is designated by the Board or the Committee as being eligible to be granted one or more Options under the Plan. For purposes of this Plan, a
non-employee director shall be deemed to include the employer or other designee of such non-employee director, if the non-employee director is required, as a condition of his or her employment, to provide that any Option granted hereunder be made to
the employer or other designee. 
 “Nonqualified Stock Option” shall mean any Option which is not an Incentive Stock
Option. 
 “Option” shall have the meaning set forth in Section 3 hereof. 

“Option Agreement” shall mean an agreement to be entered into between the Company and an Optionee, which Agreement
shall set forth the terms and conditions of the Options granted to such Optionee. 
 “Optionee” shall mean an
Eligible Participant to whom an Option has been granted. 
 “Person” shall mean any individual, limited liability
company, partnership, corporation, group, trust or other legal entity. 
 “Plan” shall mean this Stock Option Plan
of the Company. 
 “Securities Act” shall mean the Securities Act of 1933, as amended. 

“Share” shall mean a share of the Company’s Common Stock. 

“Stockholders’ Agreement” shall mean the Company’s Third Amended and Restated Stockholders’ Agreement,
dated as of August 5, 2010, as it may be amended, supplemented, restated or otherwise modified from time to time. 
 “Ten
Percent Shareholder” shall mean any Optionee who owns Shares possessing more than 10% of the total combined voting power of the Company or any parent or subsidiary corporation within the meaning of Section 424 of the Code. 

  
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 “Termination for Good Reason” means (i) a material diminution in
Optionee’s title, duties, authorities, or reporting responsibilities, without Optionee’s prior consent or (ii) a reduction of Optionee’s base salary without Optionee’s prior consent. Notwithstanding the foregoing, no event
described in the preceding sentence shall constitute Termination for Good Reason unless Optionee gives the Company notice of the event within the sixty (60) day period following the occurrence of such event and the Company fails to cure the
event within thirty (30) days of receipt of such notice. In the event that the Optionee is party to an employment, severance or similar agreement with the Company or any of its subsidiaries and such agreement contains a definition of
“Termination for Good Reason” or “Good Reason,” as the case may be, the definition of “Termination for Good Reason” set forth above shall be deemed replaced and superceded, with respect to such Optionee, by the
definition of “Termination for Good Reason” or termination for “Good Reason,” as the case may be, contained in such employment agreement. 

“Transaction” shall mean (i) the sale of all, or substantially all, of the Company’s consolidated assets,
including, without limitation, a sale of all or substantially all of the assets of the Company or any of its subsidiaries whose assets constitute all or substantially all of the Company’s consolidated assets (or the sale of a majority of the
outstanding Shares of voting capital stock of any subsidiary or subsidiaries whose consolidated assets so constitute), in any single transaction or series of related transactions; (ii) the purchase or other acquisition of outstanding Shares of
the Company’s voting securities by any entity, person or group of beneficial ownership, as that term is defined in Rule 13d-3 under the Exchange Act (other than the Company or one of its subsidiaries or employee benefit plans), in one or more
transactions, such that the holder, as a result of such acquisition, now owns voting securities representing a majority of the outstanding voting power to elect directors of the Company; or (iii) any merger or consolidation of the Company with
or into another corporation or entity unless, after giving effect to such merger or consolidation, the holders of the Company’s voting securities (on a fully-diluted basis immediately prior to the merger or consolidation), own voting securities
(on a fully-diluted basis) of the surviving or resulting corporation or entity representing a majority of the outstanding voting power to elect directors of the surviving or resulting corporation or entity in the same proportions that they held
their shares prior to such merger. 
 “Voluntary Termination” means a resignation by the Optionee of his employment
with the Company or any of its subsidiaries for any reason, other than a Termination for Good Reason. 
  

	3.	Participation. 

 Any Eligible Participant who is granted an option (an
“Option”) to purchase Shares hereunder shall be a participant in the Plan. 
  

	4.	Terms of Options. 

  

	 	4.1	Terms of Options. 

 (a) Type of Option. The Committee shall have the right
to grant either or both of Incentive Stock Options and Nonqualified Stock Options, provided, however, that (i) no 

  
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Eligible Participant will be granted Incentive Stock Options which, when first exercisable during any calendar year (combined with all other incentive stock option plans of the Company) will
permit such Eligible Participant to purchase Shares that have an aggregate Fair Market Value of more than $100,000 (determined as of the date the Option is granted); any Option granted in excess of such amount shall automatically be deemed to be a
Nonqualified Stock Option; and (ii) Key Non-Employees may only be granted Nonqualified Stock Options. 
 (b) Exercise Price. The
exercise price for the Shares subject to an Option, or the manner in which such exercise price is to be determined, shall be determined by the Committee, provided that the exercise price per Share of any Option shall be no less than Fair Market
Value of a Share on the date of grant, and provided further that the exercise price per Share of any Incentive Stock Option granted to a Ten Percent Shareholder shall be no less than 110% of the Fair Market Value of a Share on such grant date. 

(c) Term. Options shall be for such term as the Committee shall determine, provided that no Option that is an Incentive Stock Option
shall be exercisable after the expiration of ten years from the date it is granted, and further provided that any Incentive Stock Option granted to a Ten Percent Shareholder shall have a term of no more than five years from the date of grant. 

(d) Vesting. Options shall be exercisable in such installments (which need not be equal) and at such times as the Committee may
determine in its sole discretion, and, as set forth in an Option Agreement. The vesting schedule may become exercisable over a period of years or become exercisable only if performance or other goals set by the Board are attained for Options, or may
be a combination of both. To the extent not exercised, installments shall accumulate and may be exercised, in whole or in part, at any time after becoming exercisable, but not later than the date the Option expires. The Committee may accelerate the
exercisability of an Option at any time, provided that the Committee may condition such acceleration of exercisability upon the Company’s attainment of goals set forth in an Option Agreement. 

(e) Exercise of Option After Termination of Employment or Service. Subject to the terms of any written employment agreement or as
reflected in an Option Agreement, an Option granted under the Plan may be exercised by an Optionee only while he is an Employee or a Key Non-Employee, provided that any Options that are exercisable preceding an Optionee’s (i) termination
of employment as an Employee for any reason other than Cause or (ii) termination of service as a Key Non-Employee for any reason other than Cause, may remain exercisable for any period set by the Committee in the Option Agreement, and, further
provided that if an Optionee dies while an Employee or a Key Non-Employee, or if his employment terminates as an Employee or his service terminates as a Key Non-Employee because of a Disability, the Optionee (or his beneficiary or personal
representative, as applicable) may exercise the Option for the shorter of (x) twelve (12) months after such death or Disability and (y) the remaining term of the Option Agreement. 

 

	 	4.2	Nontransferability. 

 Unless otherwise permitted by the Code, by Rule 16b-3 of
the Exchange Act and by the exception set forth under Section 12(g) of the Exchange Act (Release No. 34-56887), if 

  
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applicable, and approved in advance by the Committee, no Option granted hereunder shall be transferable by an Optionee otherwise than by will or the laws of descent and distribution, and an
Option may be exercised during the lifetime of such Optionee only by the Optionee or his guardian or legal representative; provided, however that an Optionee may designate a beneficiary to exercise his Option or other rights under the Plan after his
death and, in the discretion of the Committee, Options may be transferable pursuant to a Qualified Domestic Relations Order (“QDRO”), as determined by the Committee or its designee. Except as otherwise permitted herein, such
Options shall not be assigned, pledged or hypothecated in any way (whether by operation of law or otherwise) and shall not be subject to execution, attainment or similar process. 

 

	 	4.3	Method of Exercise. 

 An Option shall be exercised by delivery of a written
notice (in person or by first class mail to the Secretary of the Company at the Company’s principal executive office) which specifies the number of Shares to be purchased, specifies the date the Shares will be purchased, and is otherwise in
accordance with the Option Agreement pursuant to which the Option was granted. The purchase price for any Shares purchased pursuant to the exercise of an Option shall be paid in full upon such exercise (a) in cash, by check or, at the
discretion of the Board, upon such other terms and conditions as the Board shall approve, (b) by transferring previously owned Shares to the Company, (c) by having Shares withheld or (d) following an IPO or in the sole discretion of
the Committee, pursuant to a “cashless exercise” procedure (provided, with respect to any exercise under (b), (c) or (d), that the Committee expressly approves such form of exercise in advance). Any Shares transferred to the Company
as payment of the exercise price under an Option shall be valued at their Fair Market Value on the exercise date. If requested by the Committee, an Optionee shall deliver the Option Agreement evidencing the Option to the Secretary of the Company who
shall endorse thereon a notation of such exercise and return such Option Agreement to the Optionee. Not less than one hundred (100) Shares may be purchased at any time upon the exercise of an Option unless the number of Shares so purchased
constitutes the total number of Shares then purchasable under an Optionee’s Option or the Committee determines otherwise, in its sole discretion. No Shares shall be issued until the Optionee who has exercised an Option executes the
Stockholders’ Agreement. 
  

	5.	Administration. 

  

	 	5.1	Composition of the Committee. 

 The Plan shall be administered by the Committee,
which shall consist of at least two members of the Board appointed by and serving at the pleasure of the Board; provided that if for any reason the Committee shall not have been appointed by the Board, all authority and duties of the Committee under
the Plan shall be vested in and exercised by the Board. If the Company becomes a “publicly held corporation” (as defined under Section 162(m) of the Code), each Committee member must qualify as an “outside director” as such
term is used in Section 162(m) of the Code, unless the Board determines otherwise, in its sole discretion. Appointment of Committee members shall be effective upon such member’s acceptance of appointment. Committee members may resign at
any time by providing thirty (30) days’ advance written notice to the Board and may be removed by the Board at any time for any reason. Vacancies in the Committee shall be filled by the Board. 

  
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	 	5.2	Duties and Powers of Committee. 

 Subject to the provisions hereof, the Committee
shall have the sole and complete authority to determine which Eligible Participants shall be granted Options, the number of Shares to be covered by each Option, the exercise price therefor and the terms and conditions applicable to the exercise of
the Option. 
 It shall be the duty of the Committee to conduct the general administration of the Plan in accordance with its terms and
provisions. The Committee shall have the power to interpret the Plan and to adopt such rules for the administration, interpretation and application of the Plan as are consistent therewith and to interpret, amend or revoke any such rules. All actions
taken and all interpretations and determinations made by the Committee shall be binding upon all persons, including, but not limited to, the Company, stockholders, all subsidiaries, Employees, Key Non-Employees, Optionees and beneficiaries. 

 

	 	5.3	Committee Actions. 

 The Committee shall act by a majority of its members in
office in attendance at a meeting at which a quorum is present or by a memorandum or other written instrument signed by all of the members of the Committee. 
  

	 	5.4	Compensation; Professional Assistance. 

 Members of the Committee shall receive
such compensation for their services as members as may be determined by the Board. All expenses and liabilities incurred by members of the Committee in connection with the administration of the Plan shall be borne by the Company. The Committee may,
with the approval of the Board, employ attorneys, consultants, accountants, appraisers, or other persons. The Committee, the Company and its officers and directors shall be entitled to rely upon the advice, opinions or valuations of any such
persons. 
  

	 	5.5	Delegation of Authority. 

 The Committee may, in its sole and absolute
discretion, delegate to any proper officer of the Company, or more than one of them, any or all of the administrative duties of the Committee under this Plan. 
  

	 	5.6	No Liability. 

 No member of the Board or the Committee, or director, officer or
other Employee of the Company shall be liable, responsible or accountable in damages or otherwise for any determination made or other action taken or any failure to act by such person with respect to the Plan so long as such person is not determined
to be guilty by a final adjudication of willful misconduct with respect to such determination, action or failure to act. 

  
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	 	5.7	Indemnification. 

 To the fullest extent permitted by law, each member of the
Board and the Committee and each director or officer of the Company shall be held harmless and be indemnified by the Company for any liability, loss (including amounts paid in settlement), damages or expenses (including reasonable attorneys’
fees) suffered by virtue of any determinations, acts or failures to act, or alleged acts or failures to act, in connection with the administration of the Plan so long as such person is not determined by a final adjudication to be guilty of willful
misconduct with respect to such determination, action or failure to act. 
  

	6.	Shares Subject to the Plan. 

  

	 	6.1	Shares Subject to the Plan. 

 The maximum number of Shares that may be issued
upon the exercise of Options granted under the Plan is                         . If the Company becomes a “publicly
held corporation”, as such term is defined under Section 162(m) of the Code, the aggregate number of Shares as to which Options may be granted in any one calendar year to any one Optionee shall not exceed
                        . The Company shall make available for issuance such number of Shares for the purposes of the
Plan, out of its authorized but unissued Shares or out of Shares held in the Company’s treasury, or partly out of each. In the event that an Option expires or is terminated, unexercised, canceled or forfeited for any reason under the Plan, as
to any Shares covered thereby, without the delivery of Shares, such Shares shall thereafter be again available for award pursuant to the Plan. 
  

	 	6.2	Effect of Changes in Company’s Shares. 

 In the event that the Committee
determines that any stock dividend, stock split, reverse stock split, extraordinary cash dividend, recapitalization, reorganization, merger, consolidation, split-up, spin-off, combination, exchange of shares, warrants or rights offering to purchase
Shares at a price substantially below fair market value, or other similar corporate event affects the Shares such that an adjustment is required in order to preserve the benefits or potential benefits intended to be made available under the Plan,
the Board shall, in its sole discretion, and in such manner as the Board may deem equitable, adjust any or all of (a) the number and kind of Shares subject to outstanding Options, and (b) the exercise price with respect to any outstanding
Option and/or, if deemed appropriate, make provision for a cash payment to an Optionee, provided, however, that the number of Shares subject to any Option shall always be a whole number. 

 

	 	6.3	Effect of a Transaction. 

 In the event of a Transaction, the Company may, in its
sole discretion and without the consent of the Participants, provide for one or more of the following: (i) the assumption of the Plan and the outstanding Options by the surviving corporation or its parent; (ii) the substitution by the
surviving corporation or its parent of options with substantially the same terms for such outstanding Options; (iii) each Optionee be required to exercise all or any of the then outstanding Options held by such Optionee as of the closing of
such Transaction or within such other period of time as prescribed by the Committee, to the extent that such Options are then exercisable in accordance with the terms of the Option Agreement pursuant to which such

  
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Options were granted, and to the extent not so exercised (or not so exercisable as the case may be), all such Options shall be automatically forfeited and terminate as of the date of such
Transaction or such other prescribed period of time; and (iv) settlement of the intrinsic value of the outstanding vested Options in cash or cash equivalents or equity followed by the cancellation of all such Options (whether or not then vested
or exercisable). 
  

	7.	Miscellaneous. 

  

	 	7.1	Effective Date; Term of Plan. 

 The Plan shall be effective as of
December 7, 2010 (the “Effective Date”). Subject to the earlier termination pursuant to Section 7.2, the Plan shall continue in effect for ten years. 

 

	 	7.2	Amendment, Suspension or Termination of the Plan. 

 The Plan may be wholly or
partially amended or otherwise modified, suspended or terminated at any time or from time to time by the Board. Neither the amendment, suspension nor termination of the Plan shall, without the consent of an Optionee, alter or impair any rights or
obligations under any Option theretofore granted. No Options may be granted during any period of suspension nor after termination of the Plan, and in no event may any Options be granted under the Plan after the tenth anniversary of the Effective
Date. 
  

	 	7.3	Amendment of Option. 

 The Committee may amend, modify or terminate any
outstanding Option at any time prior to payment or exercise in any manner not inconsistent with the terms of the Plan, including, without limitation, (a) to change the date or dates as of which an Option becomes exercisable, or (b) to
cancel or reissue an Option under such different terms and conditions as it determines appropriate; provided, however, that such amendment, modification, or termination may not be made by the Committee without the Optionee’s consent if it would
alter or impair any rights or obligations under any Option theretofore granted. 
  

	 	7.4	No Rights as Stockholder. 

 No Optionee shall be deemed to be or to have the
rights and privileges of an owner of Shares unless and until certificates representing such Shares have been issued to such Optionee. 
  

	 	7.5	Effect of Plan Upon Other Compensation and Incentive Plans. 

 The adoption of the
Plan shall not affect any other compensation or incentive plans in effect for the Company or any Affiliate. Nothing in the Plan shall be construed to limit the right of the Company or any Affiliate to establish any other forms of incentives or
compensation for Employees or Key Non-Employees. 

  
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	 	7.6	Regulations and Other Approvals. 

 (a) The obligation of the Company to sell or
deliver Shares with respect to Options shall be subject to all applicable laws, rules and regulations, including all applicable federal and state securities laws, and the obtaining of all such approvals by governmental agencies as may be deemed
necessary or appropriate by the Committee. 
 (b) The Board may make such changes as may be necessary or appropriate to comply with the
rules and regulations of any government authority. 
 (c) Each Option is subject to the requirement that, if at any time the Committee
determines, in its sole discretion, that the listing, registration or qualification of Shares issuable pursuant to the Plan is required by any securities exchange or under any state or federal law, or the consent or approval of any governmental
regulatory body is necessary or desirable as a condition of, or in connection with, the grant of an Option or the issuance of Shares, no Options shall be granted or Shares issued, in whole or in part, unless listing, registration, qualification,
consent or approval has been effected or obtained free of any conditions as acceptable to the Committee. 
 (d) In the event that the
disposition of Shares acquired pursuant to the Plan is not covered by a then current registration statement under the Securities Act, and is not otherwise exempt from such registration, such Shares shall be restricted against transfer to the extent
required by the Securities Act or regulations thereunder, and the Committee may require any individual receiving Shares pursuant to the Plan, as a condition precedent to receipt of such Shares, to represent to the Company in writing that the Shares
acquired by such individual are acquired for investment only and not with a view to distribution. The certificate for any Shares acquired pursuant to the Plan shall include any legend that the Committee deems appropriate to reflect any restrictions
on transfer. 
  

	 	7.7	Governing Law. 

 The Plan and the rights of all persons claiming hereunder shall
be construed and determined in accordance with the laws of the State of Delaware without giving effect to the choice of law principles thereof. 
  

	 	7.8	Mitigation of Excise Tax. 

 Unless otherwise provided for in the Option Agreement
or in any other agreement between the Company (or an Affiliate) and the Optionee, if any payment or right accruing to a Participant under this Plan (without the application of this Section 7.8), either alone or together with other payments or
rights accruing to the Optionee from the Company or an Affiliate would constitute a “parachute payment” (as defined in Section 280G of the Code and regulations thereunder), such payment or right shall be reduced to the largest amount
or greatest right that will result in no portion of the amount payable or right accruing under the Plan being subject to an excise tax under Section 4999 of the Code or being disallowed as a deduction under Section 280G of the Code. The
determination of whether any reduction in the rights or payments under this Plan is to apply shall be made by the Company. The Optionee shall cooperate in good faith with the Company in making such determination and providing any necessary
information for this purpose. 

  
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	 	7.9	Withholding of Taxes. 

 As a condition to the exercise of an Option and the
continued holding of Shares received upon exercise of an Option, the Optionee shall pay to the Company, or make arrangements satisfactory to the Company regarding the payment of, any federal, state, or local taxes of any kind required by law or the
Company to be withheld with respect to such amount. The obligations of the Company under the Plan shall be conditional on such payment or arrangements and the Company and its subsidiaries shall, to the extent permitted by law, have the right to
deduct any such taxes from any payment of any kind otherwise due to the Optionee. In its discretion, the Committee may permit an Optionee to satisfy withholding obligations (i) by delivering previously owned Shares, (ii) by electing to
have Shares withheld, or (iii) through a “cashless withholding” procedure. 
  

	 	7.10	No Right to Continued Employment or Service. 

 Nothing in the Plan or in any
award agreement shall confer upon any Employee or Key Non-Employee any right to continue in the employ or service of the Company or any subsidiary or shall interfere with or restrict in any way the rights of the Company and its Subsidiaries, which
are hereby expressly reserved, to remove, terminate or discharge, as applicable, any Employee or Key Non-Employee at any time for any reason whatsoever, with or without Cause. 
  

	 	7.11	Titles; Construction. 

 Titles are provided herein for convenience only and are
not to serve as a basis for interpretation or construction of the Plan. The masculine pronoun shall include the feminine and neuter and the singular shall include the plural, when the context so indicates. 

 

	 	7.12	Savings Clause. 

 This Plan is intended to comply in all respects with applicable
law and regulations, including, (i) with respect to those Optionees who are officers or directors for purposes of Section 16 of the Exchange Act, Rule 16b-3 of the Securities and Exchange Commission, if applicable,
(ii) Section 402 of the Sarbanes-Oxley Act, (iii) Code Section 409A, and (iv) with respect to executive officers, Code Section 162(m). In case any one or more provisions of this Plan shall be held invalid, illegal, or
unenforceable in any respect under applicable law and regulation (including Rule 16b-3 and Code Section 162(m) and Code Section 409A), the validity, legality, and enforceability of the remaining provisions shall not in any way be
affected or impaired thereby and the invalid, illegal, or unenforceable provision shall be deemed null and void; however, to the extent permitted by law, any provision that could be deemed null and void shall first be construed, interpreted, or
revised retroactively to permit this Plan to be construed in compliance with all applicable law (including Rule 16b-3 and Code Section 162(m) and Code Section 409A) so as to foster the intent of this Plan. Notwithstanding anything
herein to the contrary, with respect to Optionees who are officers and directors for purposes of Section 16 of the Exchange Act, no grant of an Option to purchase Shares shall permit unrestricted ownership of Shares by the Optionee for at least
six (6) months from the date of the grant of such Option, unless the Board determines that the grant of such Option to purchase Shares otherwise satisfies the then current Rule 16b-3 requirements. 

  
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	 	7.13	Required Financial and Other Information. 

 To the extent the Committee
determines that there are five hundred (500) or more Optionees in this Plan and all similar plans, and that it desires to comply with the exemption set forth under Section 12(g) of the Exchange Act (Release No. 34-56887), the
Committee shall provide each participant every six (6) months with the risk and financial information so required thereunder, and in the manner so required, in order to comply with such exemption. 

  
 12EX-10.15

 Exhibit 10.15 

FORM OF NONQUALIFIED STOCK OPTION AGREEMENT 

This NONQUALIFIED STOCK OPTION AGREEMENT (this “Agreement”), dated as of (the “Grant
Date”), is entered into between FML Holdings, Inc., a Delaware corporation (the “Company”), and the optionee named on the signature page hereto (the “Optionee”). Capitalized terms used but
not defined herein shall have the meanings ascribed to them in the Plan (as hereinafter defined).  
 W I T N E S S E T H: 

WHEREAS, the Company has established the FML Holdings, Inc. Stock Option Plan (the “Plan”); 

WHEREAS, the Optionee is being granted an option to purchase the number of shares of Class B non-voting common stock listed on
the signature page hereto, of the Company (the “Shares”), on the terms and subject to the conditions set forth in this Agreement and in the Plan; and 

WHEREAS, the Optionee either (i) is a party to the Stockholders’ Agreement (as defined herein) or (ii) will become a party to
the Stockholders’ Agreement prior to the exercise of Options (as defined herein). 
 NOW, THEREFORE, in consideration of the premises
and of the mutual agreements contained in this Agreement, the parties hereto agree as follows: 
 1. Definitions. As used in this
Agreement, the following terms have the meanings set forth below: 
 “Cumulative EBITDA” shall mean,
with respect to any fiscal year of the Company set forth on Schedule A to this Agreement, the actual aggregate amount of EBITDA of the Company and its consolidated subsidiaries for the period commencing on January 1, 2011, and
ending on the last day of such fiscal year (with such period being treated as one accounting period for such purposes). 

“Cumulative EBITDA Target” shall mean, with respect to any fiscal year of the Company set forth on
Schedule A to this Agreement, the applicable amount set forth opposite such fiscal year on Schedule A. 

“EBITDA” shall mean an amount equal to the Company’s (i) net income for such period, plus, to the
extent reducing net income in such period, the sum, without duplication, of amounts for (a) consolidated interest expense, (b) provisions for taxes based on income, profits or capital, (c) total depreciation and depletion expense,
(d) total amortization expense, (e) non-recurring expenses or losses reducing net income for such period, (f) other non-cash charges reducing net income for such period including, for avoidance
of doubt, option related expenses (but excluding any such non-cash charge to the extent that it represents an 

 
accrual or reserve for potential cash charge in any future period or amortization of a prepaid cash charge that was paid in a prior period), minus (ii) other non-cash gains increasing net income for such period (excluding any such non-cash gain to the extent it represents the reversal of an accrual or reserve for potential Cash
gain in any prior period), and minus (iii) all non-recurring gains increasing net income for such period. 
 “EBITDA
Target” shall mean the EBITDA performance goals set forth on Schedule A attached hereto for each fiscal year of the Company. 

“Exercise Notice” shall have the meaning ascribed to such term in Section 6 of this Agreement. 

“Exercise Price” shall have the meaning ascribed to such term in Section 2 of this Agreement. 

“Option Term” shall have the meaning ascribed to such term in Section 3 of this Agreement. 

2. Grant of Option; Option Price. 

(a) On the terms and subject to the terms and conditions of the Plan and this Agreement, the Company hereby grants to the Optionee the Option
to purchase up to the number of Shares listed on the signature page hereto (the “Option Shares”) at an exercise price of $             per Share, which is not
less than Fair Market Value (the “Exercise Price”) as of the Grant Date. The foregoing notwithstanding, the Optionee acknowledges that the Company cannot and has not guaranteed that the Internal Revenue Service
(“IRS”) will agree that the per Share Exercise Price of the Option equals or exceeds the Fair Market Value of a Share on the Grant Date in a later determination. The Optionee agrees that if the IRS determines that the Option
was granted with a per Share Exercise Price that was less than the Fair Market Value of a Share on the Grant Date, the Optionee shall be solely responsible for any costs or tax liabilities related to such a determination. The Optionee acknowledges
receipt of a copy of the Plan and acknowledges that the definitive records pertaining to the grant of this Option, and exercises of rights hereunder, shall be retained by the Company. The Option is not intended to be an “incentive stock
option” within the meaning of Section 422 of the Code. 
 (b) The Company agrees that at all times there shall be made available
for issuance upon exercise of the Option the Option Shares (or the remaining unexercised portion of the Option, if less) without regard to whether or the extent to which the Option is then exercisable, and that the par value of those Option Shares
will at all times be less than the Exercise Price. The Company further represents and agrees that all Option Shares which may be issued upon the exercise of the Option will, upon issuance, be validly issued, fully paid and nonassessable and free
from liens and charges arising from actions of the Company with respect to the issuance thereof. 
 3. Term. The term of the Option
(the “Option Term”) shall commence on the Grant Date and expire on the tenth anniversary of the Grant Date, unless the Option shall theretofore have been terminated in accordance with the terms of this Agreement or the Plan.

  
 2 

 4. Vesting. 

(a) Unless accelerated as otherwise provided in this Section 4, the Option shall become fully (100%) exercisable as to all of the
Option Shares on the seventh anniversary of the Grant Date, so long as the Optionee continues to be an Employee or Key Non-Employee at all times from the Grant Date through the seventh anniversary of the Grant Date. 

(b) The percentage of the Option set forth on Schedule A shall become exercisable as of the last day of each fiscal year set forth
on Schedule A, if (i) EBITDA for such fiscal year equals or exceeds the EBITDA Target set forth on Schedule A for such fiscal year, and (ii) the Optionee has been an Employee or Key Non-Employee at all times from
the Grant Date through the last day of such fiscal year. 
 (c) If the Company fails to meet an EDITDA Target for a fiscal year, but meets
the Cumulative EBITDA Target in that year or a later year (and the Optionee has been an Employee or Key Non-Employee at all times from the Grant Date through the last day of such later year), the applicable percentage of the Option which would have
become exercisable pursuant to Section 4(b) shall become exercisable. 
 (d) Notwithstanding anything herein or in the Plan to the
contrary, if an Optionee ceases to be an Employee or Key Non-Employee as the result of his or her death or Disability, the Optionee shall be eligible to vest in the percentage of the Option as set forth on Exhibit A for the year in which the
Optionee’s services terminate, to the extent the EBITDA Target or Cumulative EBITDA Target is attained for such year. 
 (e) Upon the
consummation of a Transaction, any portion of the Option which is not yet exercisable shall immediately become exercisable in full, so long as the Optionee has been an Employee or Key Non-Employee at all times from the Grant Date through the
Transaction. 
 5. Adjustments in EBITDA Targets. Should the Company consummate any mergers or acquisitions or divestitures (whether
of assets or stock or other interests) or other extraordinary transactions, the Board will in good faith adjust the EBITDA Targets to take into account the effects of such transaction in order to obtain a substantially equivalent economic result
under the Option. Any such adjustment by the Board shall be final and binding. 
 6. Procedure for Exercise. 

(a) The Option may be exercised with respect to Shares that are exercisable, from time to time, in whole or in part, by delivery of a written
notice (the “Exercise Notice”) from the Optionee to the Company at its principal executive office, at least ten (10) days before the date on which the Optionee wishes to exercise the Option, and shall: specify the number
of Shares with respect to which the Optionee is exercising the Option; include any representations of the Optionee required under Section 10 hereof; and state the date upon which the Optionee desires to consummate the purchase of such shares
(which date must be prior to the termination of the Option). 

  
 3 

 (b) Payment of the Exercise Price for the Shares (plus any applicable federal, state or local
withholding taxes) shall be made (i) in cash, by check payable to the order of the Company (ii) by transferring previously owned Shares to the Company so long as such transfer does not result in any adverse accounting consequences to the
Company, (iii) by having Shares withheld or (iv) pursuant to a “cashless exercise” procedure (provided that, with respect to the payment of any applicable federal, state or local withholding taxes under subsections 6(b)(ii),
(iii), or (iv), the Committee, in its sole discretion, has expressly approved such form of payment in advance). Any Shares transferred to the Company as payment of the Exercise Price shall be valued at their Fair Market Value on the date of exercise
of the Option. 
 (c) As a condition to the exercise of the Option and prior to the issuance of any Shares, the Optionee (or the
representative of his estate) shall be required to execute the Stockholders’ Agreement, unless the Board otherwise waives such requirement. In addition to the other restrictions contained in the Stockholders’ Agreement, the Optionee (or
the representative of his estate) acknowledges and agrees that he or she shall be subject to the repurchase rights set forth in Section 5 of the Stockholders’ Agreement following the date the Optionee ceases to be an Employee or Key
Non-Employee and any Shares acquired pursuant to the exercise of the Option shall be Call Option Securities under Section 5 of the Stockholders’ Agreement. 

7. Termination of Service. Any portion of the Option which is not exercisable upon the Optionee’s termination of employment or
other engagement with the Company or any of its Affiliates for any reason shall terminate as of the date on which such termination of employment or engagement occurs; provided that if the Optionee’s employment or other engagement terminates for
Cause, the Option, whether exercisable or nonexercisable, shall be deemed to have terminated as of the date of termination of employment or other engagement. Notwithstanding the foregoing, upon an Optionee’s (i) termination of employment
or other engagement due to death or Disability, the Optionee (or his representative) shall be entitled to exercise any then exercisable portion (including any portion which may become exercisable pursuant to Section 4(d) of this Agreement)
of the Option for twelve months following such termination (or, with respect to any portion of the Option which becomes exercisable pursuant to Section 4(d), if later, until the date thirty (30) days following the date the Optionee is
provided with written notice of the level of EBITDA Target attained for such year); provided, however, in no event shall the Option be exercisable after the expiration of the Option Term, or (ii) termination of employment or other engagement
other than for Cause, death or Disability, the Optionee (or his representative) shall be entitled to exercise any then exercisable portion of the Option for three months after the date of termination, or the end of the Option Term, if earlier. 

8. No Rights as a Stockholder. The Optionee shall not have any rights or privileges of a stockholder with respect to any of the Shares
subject to the Option until the date of acceptance by the Company of payment for such Shares pursuant to the exercise of the Option in accordance with the terms and conditions set forth in this Agreement. 

9. Additional Provisions Related to Exercise. In the event of the exercise of the Option at a time when there is not in effect a
registration statement under the Securities Act relating to the Shares, the Optionee hereby represents and warrants, and by virtue of such 

  
 4 

 
exercise shall be deemed to represent and warrant, to the Company that the Shares are being acquired for investment only and not with a view to the distribution thereof except in compliance with
the Act, and the Optionee shall provide the Company with such further representations and warranties as the Board may reasonably require in order to ensure compliance with applicable federal and state securities, “blue sky” and other laws.
No Shares shall be purchased upon the exercise of the Option unless and until the Company and/or the Optionee shall have complied with all applicable federal or state registration, listing and/or qualification requirements and all other requirements
of law or of any regulatory agencies having jurisdiction. 
 10. Restriction on Transfer. 

(a) The Option may not be transferred, pledged, assigned, hypothecated or otherwise disposed of in any way by the Optionee and may be
exercised during the lifetime of the Optionee only by the Optionee. The Option shall not be subject to execution, attachment or similar process. Any attempted assignment, transfer, pledge, hypothecation or other disposition of the Option contrary to
the provisions hereof, and the levy of any execution, attachment or similar process upon the Option, shall be null and void and without effect. 

(b) All Shares issued to the Optionee upon exercise of the Option shall be subject to the restrictions contained in the Stockholders’
Agreement. 
 11. Restrictive Legend. All stock certificates representing shares issued upon exercise of the Option shall, unless
otherwise determined by the Board, have affixed thereto a legend substantially in the form set forth in the Stockholders’ Agreement. 

12. No Right to Employment. Nothing in the Option shall confer upon the Optionee any right to continue in the employ of the Company or
any of its Affiliates or interfere in any way with the right of the Company or its Affiliates or stockholders, as the case may be, to terminate the Optionee’s employment or to increase or decrease the Optionee’s compensation at any time.

 13. Notices. All notices, claims, certificates, requests, demands and other communications hereunder shall be in writing and shall
be deemed to have been duly given and delivered if personally delivered or if sent by nationally recognized overnight courier by telecopy or by registered or certified mail, return receipt requested and postage prepaid, addressed as follows: 

(a) if to the Company, at: 
 ASP
FML Holdings, LLC 
 c/o American Securities, LLC 

299 Park Avenue, 34th Floor 

New York, NY 10171 

Attention: Matthew LeBaron and Eric Schondorf, Esq. 

Facsimile No.: (212) 697-5524 

  
 5 

 and 

FML Holdings, Inc. 
 Fairmount
Minerals, Ltd 
 P.O. Box 87 

11833 Ravenna Road 
 Chardon,
Ohio 44024 
 Attention: Jenniffer D. Deckard, VP- Finance, 

Treasurer and Assistant Secretary 

Facsimile No.: 440-285-0707 

with copy to: 
 Kaye Scholer LLP

 425 Park Avenue 
 New York,
New York 10022 
 Fax: (212) 836-8689 

Attention: Emanuel S. Cherney, Esq. 

(b) if to the Optionee, at the address most recently supplied to the Company and set forth in the Company’s records, with a copy to his
attorney at such address as shall have been provided to the Company; 
 or to such other address as the party to whom notice is to be given may have
furnished to the other party in writing in accordance herewith. Any such notice or communication shall be deemed to have been received (i) in the case of personal delivery, on the date of such delivery (or if such date is not a business day, on
the next business day after the date received), (ii) in the case of nationally-recognized overnight courier, on the next business day after the date sent, (iii) in the case of telecopy transmission, when received (or if not sent on a
business day, on the next business day after the date sent), and (iv) in the case of mailing, on the third business day following the date on which the piece of mail containing such communication is posted. 

14. Waiver of Breach. The waiver by either party of a breach of any provision of this Agreement must be in writing and shall not
operate or be construed as a waiver of any other or subsequent breach. Any of the provisions of this Agreement may be waived only by an instrument in writing executed by the party or parties whose rights are being waived. 

15. Optionee’s Undertaking. The Optionee hereby agrees to take whatever additional actions and execute whatever additional
documents the Company may in its reasonable judgment deem necessary or advisable in order to carry out or effect one or more of the obligations or restrictions imposed on the Optionee pursuant to the provisions of this Agreement. 

16. Amendment. Except as otherwise provided in the Plan, this Agreement may not be amended, terminated, suspended or otherwise modified
except in a written instrument, duly executed by both parties. Waivers of or amendments to this Agreement shall be binding as against the Company only if approved by the Board. 

  
 6 

 17. Governing Law. This Agreement shall be governed by, and construed in accordance with,
the laws of the State of Delaware (without giving effect to principles of conflicts of laws). 
 18. Counterparts. This Agreement may
be executed in one or more counterparts, and each such counterpart shall be deemed to be an original, but all such counterparts together shall constitute but one agreement. 

19. Entire Agreement. This Agreement and the Plan (and the other writings incorporated by reference herein) constitute the entire
agreement between the parties with respect to the subject matter hereof and supersede all prior written or oral negotiations, commitments, representations and agreements with respect thereto. 

20. Severability. In the event any one or more of the provisions of this Agreement should be held invalid, illegal or unenforceable in
any respect in any jurisdiction, such provision or provisions shall be automatically deemed amended, but only to the extent necessary to render such provision or provisions valid, legal and enforceable in such jurisdiction, and the validity,
legality and enforceability of the remaining provisions of this Agreement shall not in any way be affected or impaired thereby. 
 21.
Successors and Assigns. This Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective successors and assigns, subject to the limitations set forth in Section 11 hereof. 

[Remainder of Page Intentionally Blank] 

  
 7 

 IN WITNESS WHEREOF, the parties hereto have executed this Nonqualified Stock Option Agreement as
of the date first written above. 
  

					
	FML HOLDINGS, INC.
		
	By:	 	  

		 	Name:	 	
		 	Title:	 	
	
	OPTIONEE
	
	  

	Name:

  

			
	 OPTIONEE
	  	NUMBER OF OPTION SHARES
		  	

 Schedule A 
  

							
	 Fiscal Year
	  	EBITDA Target	  	Cumulative EBITDA
Target	  	Vested Percentage
		  		  		  	
		  		  		  	
		  		  		  	
		  		  		  	
		  		  		  	
		  		  		  	

  
 A-1

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