Document:

Exhibit 4.9

 Exhibit 4.9 
 RELIANCE BANCORP, INC. 
 1996 INCENTIVE STOCK OPTION PLAN 
 AMENDED AND RESTATED AS OF FEBRUARY 19, 1997 
 1.
DEFINITIONS. 
 (a) “Affiliate” means (i) a member of a controlled group of corporations of which the Holding Company is
a member or (ii) an unincorporated trade or business which is under common control with the Holding Company as determined in accordance with Section 414(c) of the Internal Revenue Code of 1986, as amended, (the “Code”) and the
regulations issued thereunder. For purposes hereon a “controlled group of corporations” shall mean a controlled group of corporations as defined in Section 1563(a) of the Code determined without regard to Section 1563(a)(4) and
(e)(3)(C). 
 (b) “Alternate Option Payment Mechanism” refers to one of several methods available to a Participant to fund the
exercise of a stock option set out in Section 12. These mechanisms include: broker assisted cashless exercise and stock for stock exchange. 
 (c) “Award” means any grant of benefits pursuant to Section 3 hereof. 
 (d) “Bank” means Reliance Federal
Savings Bank. 
 (e) “Board of Directors” or “Board” means the board of directors of the Holding Company. 
 (f) “Change in Control” means a change in control of the Bank or Holding Company of a nature that: (i) would be required to be reported in
response to Item 1(a) of the current report on Form 8-K, as in effect on the date hereof, pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”); or (ii) results in a Change
in Control within the meaning of the Home Owners’ Loan Act of 1933, as amended (“HOLA”) and the Rules and Regulations promulgated by the Office of Thrift Supervision (“OTS”) (or its predecessor agency), as in effect on the
date hereof (provided that, in applying the definition of change in control as set forth under such rules and regulations, the Board shall substitute its judgment for that of the OTS); or (iii) without limitation such a Change in Control shall
be deemed to have occurred at such time as (A) any “person” (as the term is used in Sections 13(d) and 14(d) of the Exchange Act) is or becomes the “beneficial owner” (as defined in Rule 13d-3 under the Exchange Act),
directly or indirectly, of securities of the Bank or the Holding Company representing 20% or more of the Bank’s or the Holding Company’s outstanding securities except for any securities of the Bank purchased by the Holding Company and any
securities purchased by any tax qualified employee benefit plan of the Holding Company or the Bank; or (B) individuals who constitute the Board on the date hereof (the “Incumbent Board”) cease for any reason to constitute at least a
majority thereof, provided that any person becoming a director subsequent to the date hereof whose election was approved by a vote of at least seventy-five percent (75%) of the directors comprising the Incumbent Board, or whose nomination for
election by the Holding Company’s stockholders was approved by the same Nominating Committee serving under an Incumbent Board, shall be, for purposes of this clause (B), considered as though he were a member of the Incumbent Board; or
(C) a plan of 

 reorganization, merger, consolidation, sale of all or substantially all the assets of the Bank or the Holding Company or
similar transaction occurs in which the Bank or Holding Company is not the resulting entity; or (D) a solicitation of shareholders of the Holding Company, by someone other than the current management of the Holding Company, seeking stockholder
approval of a plan of reorganization, merger or consolidation of the Holding Company or Bank or similar transaction with one or more corporations, as a result of which the outstanding shares of the class of securities then subject to the plan are
exchanged for or converted into cash or property or securities not issued by the Bank or the Holding Company; or (E) a tender offer is made for 20% or more of the voting securities of the Bank or the Holding Company. 
 (g) “Committee” means a committee consisting of at least two members of the Board of Directors who are defined as Outside Directors, all of
whom are “Non-Employee Directors” as such term is defined under Rule 16b-3 under the Exchange Act as promulgated by the Securities and Exchange Commission. 
 (h) “Common Stock” means the Common Stock of the Holding Company, par value, $.01 per share or any stock exchanged for shares of Common Stock pursuant to Section 17 hereof. 
 (i) “Date of Grant” means the effective date of an Award. 
 (j) “Directors’ Awards” means awards of Non-statutory Stock Options to Outside Directors pursuant to the terms of Section 10. 
 (k) “Disability” means the permanent and total inability by reason of mental or physical infirmity, or both, of a Participant to perform the
work customarily assigned. Additionally, a medical doctor selected or approved by the Board of Directors must advise the Committee that it is either not possible to determine when such Disability will terminate or that it appears probable that such
Disability will be permanent during the remainder of said Participant’s lifetime. 
 (l) “Dividend Adjustment Right” means the
adjustment of the number of shares subject to an option and/or the Exercise Price of an option and/or the right to receive an amount of cash based upon the terms set forth in Section 9. 
 (m) “Effective Date” means July 17, 1996, the effective date of the Plan. 
 (n) “Employee” means any person who is currently employed by the Holding Company or an Affiliate, including officers, but such term shall not
include Outside Directors. 
 (o) “Exercise Price” means the purchase price per share of Common Stock deliverable upon the exercise
of each Option in order for the option to be exchanged for shares of Common Stock. 
 (p) “Extraordinary Dividend” means a
distribution to shareholders by the Holding Company of earnings or capital in excess of either (i) current earnings or (ii) the weighted average cost of funds of the Bank for the period in which the dividend is paid, as determined for this
purpose by the Committee. 
  

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 (q) “Fair Market Value” means, when used in connection with the Common Stock on a certain date,
the average of the high and low bid prices of the Common Stock as reported by the Nasdaq National Market (“Nasdaq”) (as published by the Wall Street Journal, if published) on such date or if the Common Stock was not traded on such date, on
the next preceding day on which the Common Stock was traded thereon or the last previous date on which a sale is reported. If the Common Stock is not reported on the Nasdaq, the Fair Market Value of the Common Stock is the value so determined by the
Committee in good faith. 
 (r) “Holding Company” means Reliance Bancorp, Inc. 
 (s) “Incentive Stock Option” means an Option granted by the Committee to a Participant, which Option is designated by the Committee as an
Incentive Stock Option pursuant to Section 7. 
 (t) “Limited Right” means the right to receive an amount of cash based upon
the terms set forth in Section 8. 
 (u) “Non-statutory Stock Option” means an Option granted by the Committee to a
Participant pursuant to Section 6, which is not designated by the Committee as an Incentive Stock Option or which is redesignated by the Committee under Section 7 as a Non-Statutory Stock Option. All options granted to Outside Directors
pursuant to Section 10 shall be Non-statutory Stock Options. 
 (v) “Option” means the right to buy a fixed amount of Common
Stock at the Exercise Price within a limited period of time designated as the term of the option as granted under Sections 6 and 7 of the Plan. 
 (w) “Outside Director” means a member of the Board of Directors of the Holding Company or its Affiliates, who is not also an Employee. 
 (x) “Participant” means any Employee who holds an outstanding Award under the terms of the Plan. 
 (y) “Retirement” with respect to a Participant means termination of employment which constitutes retirement under any tax qualified plan maintained by the Holding Company or the Bank. However, “Retirement” will not be
deemed to have occurred for purposes of this Plan if a Participant continues to serve on the Board of Directors of the Holding Company or its Affiliates even if such Participant is receiving benefits under any tax-qualified retirement plan of the
Holding Company or its Affiliates. With respect to an Outside Director, “Retirement” means the termination of service from the Board of Directors of the Holding Company or its Affiliates following written notice to the Board as a whole of
such Outside Director’s intention to retire or retirement as determined by the Holding Company or applicable Affiliate’s bylaws, except that an Outside Director shall not be deemed to have “Retired” for purposes of the Plan in
the event he continues to serve as a consultant or advisory director to the Holding Company or any of its Affiliates. 
 (z)
“Termination for Cause” shall mean termination because of a material loss to the Holding Company or one of its subsidiaries caused by the Participant’s intentional failure to 
  

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 perform stated duties, personal dishonesty, willful violation of any law, rule, regulation, (other than traffic
violations or similar offenses) or final cease and desist order. No act, or the failure to act, on Participant’s part shall be “willful” unless done, or omitted to be done, not in good faith and without reasonable belief that the
action or omission was in the best interest of the Holding Company or its affiliates. 
 2. ADMINISTRATION. 
 (a) The Plan as regards Options shall be granted and administered by the Committee. The Committee is authorized, subject to the provisions of the Plan, to
establish such rules and regulations as it deems necessary for the proper administration of the Plan and to make whatever determinations and interpretations in connection with the Plan it deems necessary or advisable. All determinations and
interpretations made by the Committee shall be binding and conclusive on all Participants and on their legal representatives and beneficiaries. 
 (b) The grant of Non-statutory Stock Options to Outside Directors are made herein by the terms of this Plan. Actual transference of any Non-statutory Stock Options to Outside Directors requires no, nor allows any, discretion by the
Committee. 
 3. TYPES OF AWARDS. 
 The
following Awards may be granted under the Plan: 
  

	 	(a)	Non-statutory Stock Options; 

  

	 	(b)	Incentive Stock Options; 

  

	 	(c)	Limited Rights; 

  

	 	(d)	Dividend Adjustment Rights; and 

  

	 	(e)	Directors Awards 

 as described below in paragraphs 6 through 10 of the
Plan. 
 4. STOCK SUBJECT TO THE PLAN. 
 Subject to adjustment as provided in Section 17, the maximum number of shares reserved hereby for purchase pursuant to the exercise of Options and Option-related Awards granted under the Plan is 450,000 shares of which Options to
purchase 315,000 shares are reserved for grants to Employees and Options to purchase 135,000 shares are reserved for grants to Outside Directors. These shares of Common Stock subject to Options which may be awarded hereunder may be either authorized
but unissued shares or authorized shares previously issued and reacquired by the Holding Company. To the extent that Options are granted under the Plan, the shares underlying such Options will be unavailable for any other use including future grants
under the Plan except that, to the extent that Options terminate, expire, are forfeited or are cancelled without having been exercised (in the case of Limited Rights, exercised for cash), new Options may be made with respect to these shares.

  

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 5. ELIGIBILITY. 
 All Employees shall be eligible to receive Options under the Plan. Outside Directors shall only be eligible to receive Non-statutory Stock Options under the Plan under Section 10 of this Plan. An Outside Director
who is a former Employee may, however, continue to hold unexercised or unvested Awards granted while such person was an Employee. 
 6. NON-STATUTORY
STOCK OPTIONS. 
 The Committee may, subject to the limitations of the Plan, from time to time, grant Non-statutory Stock Options to
Employees and, upon such terms and conditions as the Committee may determine, grant Non-statutory Stock Options in exchange for and upon surrender of previously granted Awards under this Plan. Non-statutory Stock Options granted under this Plan are
subject to the following terms and conditions: 
 (a) Exercise Price. The Exercise Price of each Non-statutory Stock Option shall be
determined by the Committee on the date the option is granted. Such Exercise Price shall not be less than 100% of the Fair Market Value of the Common Stock on the Date of Grant. Common Stock underlying such Non-statutory Stock Options may be
purchased only upon full payment of the Exercise Price or upon operation of an Option Exercise Alternative set out in Section 12 of the Plan. 
 (b) Terms of Options. Non-Statutory Stock Options may in the discretion of the Committee be granted at any time and subject to any conditions allowed under this Plan. The term during which each Non-statutory Stock Option may be
exercised shall be determined by the Committee, but in no event shall a Non-statutory Stock Option be exercisable in whole or in part more than 10 years from the Date of Grant. Unless otherwise determined by the Committee, Non-statutory Stock
Options shall become exercisable six months subsequent to the Date of Grant; provided, however, that all options shall become fully vested and exercisable upon the Participant’s termination due to death, Disability, Retirement or in the event
of a Change in Control. The Common Stock comprising each installment may be purchased in whole or in part at any time during the term of such Non-statutory Stock Option after such Non-Statutory Stock Option becomes exercisable. The Committee may, in
its sole discretion, accelerate the time at which any Non-statutory Stock Option may be exercised in whole or in part. The acceleration of any Non-statutory Stock Option under the authority of this paragraph will create no right, expectation or
reliance on the part of any other Participant or that certain Participant regarding any other unaccelerated Non-statutory Stock Options. 
 (c) The terms and conditions of any Non-statutory Stock Options shall be evidenced by an agreement (the “NSO Agreement”) which such NSO Agreement will be subject to the terms and conditions of the Plan. 
 (d) Termination of Employment. Notwithstanding any provisions set forth herein or contained in any NSO Agreement relating to an award of an
Option, in the event of termination for reasons other than for death, Disability, Retirement or Change in Control or Termination for Cause, only those options exercisable at the time of termination may be exercised and only for a period of one year
after such termination. In the event of the Participant’s termination of service 
  

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 for death, Disability, Retirement or in the event of a Change in Control, all options shall become exercisable and may be
exercised for a period of one year after such termination. In the event of Termination for Cause, all rights under the Participant’s Non-Statutory Stock Options shall expire immediately upon termination. 
 7. INCENTIVE STOCK OPTIONS. 
 The Committee may,
subject to the limitations of the Plan, from time to time, grant Incentive Stock Options to Employees. Incentive Stock Options granted pursuant to the Plan shall be subject to the following terms and conditions: 
 (a) Exercise Price. The Exercise Price of each Incentive Stock Option shall be not less than 100% of the Fair Market Value of the Common Stock on
the Date of Grant. However, if at the time an Incentive Stock Option is granted to a Participant, the Participant owns Common Stock representing more than 10% of the total combined voting securities of the Holding Company (or, under
Section 424(d) of the Code, is deemed to own Common Stock representing more than 10% of the total combined voting power of all classes of stock of the Holding Company, by reason of the ownership of such classes of stock, directly or indirectly,
by or for any brother, sister, spouse, ancestor or lineal descendent of such Participant, or by or for any corporation, partnership, estate or trust of which such Participant is a shareholder, partner or beneficiary), (“10% Owner”), the
Exercise Price per share of Common Stock deliverable upon the exercise of each Incentive Stock Option shall not be less than 110% of the Fair Market Value of the Common Stock on the Date of Grant. Shares may be purchased only upon payment of the
full Exercise Price or upon operation of an Option Exercise Alternative set forth in Section 12 of the Plan. 
 (b) Amounts of
Incentive Stock Options. Incentive Stock Options may be granted to any Employee in such amounts as determined by the Committee; provided that the amount granted is consistent with the terms of Section 422 of the Code. In the case of a stock
option intended to qualify as an Incentive Stock Option, the aggregate Fair Market Value (determined as of the time the Option is granted) of the Common Stock with respect to which Incentive Stock Options granted are exercisable for the first time
by the Participant during any calendar year (under all plans of the Participant’s employer corporation and its parent and subsidiary corporations) shall not exceed $100,000. The provisions of this Section 7(b) shall be construed and
applied in accordance with Section 422(d) of the Code and the regulations, if any, promulgated thereunder. To the extent an Award of an Incentive Stock Option under this Section 7 exceeds this $100,000 limit, the portion of the Award of an
Incentive Stock Option in excess of such limit shall be deemed a Non-statutory Stock Option. The Committee shall have discretion to redesignate Stock Options granted as Incentive Stock Options as Non-statutory Stock Options. Such Non-statutory Stock
Options shall be subject to Section 6 of the Plan. 
 (c) Terms of Incentive Stock Options. Incentive Stock Options may in the
discretion of the Committee be granted at any time and subject to any conditions allowed under this Plan. The term during which each Incentive Stock Option may be exercised shall be determined by the Committee, but in no event shall an Incentive
Stock Option be exercisable in whole or in part more than 10 years from the Date of Grant. If at the time an Incentive Stock Option is granted to a Participant who is a 10% Owner, the Incentive Stock Option granted to such Participant shall

  

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 not be exercisable after the expiration of five years from the Date of Grant. No Incentive Stock Option granted under
this Plan is transferable except by will or the laws of descent and distribution and is exercisable in his lifetime only by the Participant to whom it is granted. 
 Unless otherwise determined by the Committee, Incentive Stock Options shall become exercisable six months subsequent to the Date of Grant; provided, however, that all options shall become fully vested and exercisable
upon the Participant’s termination due to death, Disability, Retirement or Change in Control. The shares comprising each installment may be purchased in whole or in part at any time during the term of such Incentive Stock Option after such
installment becomes exercisable. The Committee may, in its sole discretion, accelerate the time at which any Incentive Stock Option may be exercised in whole or in part. To the extent that such acceleration, through the operation of law, destroys
incentive treatment under the Code, then such accelerated Stock Option shall be deemed to be a Non-Statutory Stock Option. The acceleration of any Incentive Stock Option under the authority of this paragraph will create no right, expectation or
reliance on the part of any other Participant or that certain Participant regarding any other unaccelerated Incentive Stock Options. 
 (d)
The terms and conditions of any Incentive Stock Option shall be evidenced by an agreement (the “Incentive Stock Option Agreement”) which such Incentive Stock Option Agreement will be subject to the terms and conditions of the Plan.

 (e) Termination of Employment. Unless otherwise determined by the Committee, upon the termination of a Participant’s service
for any reason other than death, Disability, Retirement or Change in Control the Participant’s Incentive Stock Options shall be exercisable only as to those shares that were immediately exercisable by the Participant at the date of termination
and only for a period of three months following termination; provided, however, that, in the event that the Committee extends the exercisability of any Incentive Stock Options beyond three months following termination, such Incentive Stock Options
shall be treated as Non-Statutory Stock Options. In the event of the termination of a Participant’s service due to death, Disability, Retirement or in the event of a Change in Control, all of the Participant’s Incentive Stock Options shall
become exercisable for a period of one year after such termination. Notwithstanding, any Incentive Stock Options are exercised more than three months after the Participant’s terminations, such Options shall be treated as Non-Statutory Stock
Options. In the event of Termination for Cause all rights under the Participant’s Incentive Stock Options shall expire immediately upon termination. In the event of Disability, the period for exercise is one year from termination of employment.

 (f) Compliance with Code. The Incentive Stock Options granted under this Section 7 of the Plan are intended to qualify as
“incentive stock options” within the meaning of Section 422 of the Code, but the Holding Company makes no warranty as to the qualification of any option as an incentive stock option within the meaning of Section 422 of the Code.
All Incentive Stock Options that do not so quality shall be treated as Non-statutory Stock Options. 
 8. LIMITED RIGHTS. 
 Simultaneously with the grant of any Option to an Employee or Outside Director, the Committee may grant a Limited Right with respect to all or some of the
shares covered by such Option. Limited Rights granted under this Plan are subject to the following terms and conditions: 
 (a) Terms of
Rights. In no event shall a Limited Right be exercisable in whole or in part before the expiration of six months from the Date of Grant of the Limited Right. A Limited Right may be exercised only in the event of a Change in Control. 

 

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 The Limited Right may be exercised only when the underlying Option is eligible to be exercised, and only
when the Fair Market Value of the underlying shares on the day of exercise is greater than the Exercise Price of the underlying Option. 
 Upon exercise of a Limited Right, the underlying Option shall cease to be exercisable. Upon exercise or termination of an Option, any related Limited Rights shall terminate. The Limited Rights may be for no more than 100% of the difference
between the purchase price and the Fair Market Value of the Common Stock subject to the underlying option. The Limited Right is transferable only when the underlying option is transferable and under the same conditions. 
 (b) Payment. Upon exercise of a Limited Right, the holder shall promptly receive from the Holding Company an amount of cash or some other payment
alternative found in Section 11, equal to the difference between the Exercise Price of the underlying option and the Fair Market Value of the Common Stock subject to the underlying Option on the date the Limited Right is exercised, multiplied
by the number of shares with respect to which such Limited Right is being exercised. Payments shall be less an applicable tax withholding as set forth in Section 18. 
 9. DIVIDEND ADJUSTMENT RIGHT. 
 Simultaneously with the grant of any Option under this Plan, the
Committee may grant a Dividend Adjustment Right. Upon the payment of an Extraordinary Dividend, the Committee may grant to the holder of a Dividend Adjustment Right a payment from the Holding Company of an amount of cash equal to the amount of the
Extraordinary Dividend paid on one share of Common Stock, multiplied by the number of shares of Common Stock subject to the underlying Option 
 10.
DIRECTORS’ AWARDS. 
 Awards to Outside Directors under this Plan (“Directors’ Awards”) are made in the form of
Non-statutory Stock Options. Directors’ Awards shall be made subject to the following terms and conditions: 
 (a) Initial Grant of
Directors’ Awards. Each Outside Director who is serving on the Board of Directors on the Effective Date of this Plan shall receive Non-statutory Stock Options for 6,750 shares of Common Stock, each with a Dividend Adjustment Right pursuant
to Section 9, which shall be granted as of the Effective Date of the Plan. 
 (b) Continuing Grant of Directors’ Awards. Any
Outside Director currently serving on the Board of Directors as of the Effective Date of the Plan who continues to serve as a Director on July 1, 1997 and July 1, 1998, shall be granted Options for 6,750 shares on each respective date
pursuant to the terms fixed by the Committee. 
  

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 (c) Grants to Subsequent Outside Directors. To the extent Options to purchase shares are available
for grant under the Plan, due to such Options not being reserved for granting under paragraphs (a) and (b) of this Section 10 or due to forfeiture of Options previously awarded to Outside Directors, the Committee shall have the
authority to grant such available Options to Outside Directors in amounts and with terms as determined by the Committee. 
 The terms and
conditions of any Director Award will be evidenced by an agreement which shall be subject to the terms and conditions of the Plan. 
 (d)
Exercise Price. The Exercise Price of each Non-statutory Stock Option awarded to an Outside Director shall equal the Fair Market Value of the Common Stock on the date of the grant of the Option. Shares may be purchased only upon full payment
of the Exercise Price or upon operation of an Option Exercise Alternative set forth in Section 12 of the Plan. 
 (e) Terms of
Non-statutory Stock Options Award to Directors. Unless otherwise determined by the Committee, Non-Statutory Stock Options granted to Outside Directors shall become exercisable six months subsequent to the Date of Grant. The term during which
each Non-statutory Stock Option awarded to a director may be exercised shall be 10 years from the Date of Grant. The shares comprising each installment may be purchased in whole or in part at any time during the term of such Non-statutory Stock
Option. 
 (f) Death, Disability.Retirement or Change in Control of a Director. All Stock Options shall be fully vested and
exercisable upon death, Disability, Retirement or Change in Control. 
 (g) Forfeiture. If the service of an Outside Director as a
member of the Board is terminated for any other reason than death, Disability, Retirement or Change in Control, all unvested Stock Options shall be forfeited immediately upon such termination and the Outside Director shall have no further rights
with respect to such Directors’ Award. 
 11. PAYOUT ALTERNATIVES. 
 Payments due to a Participant upon the exercise or redemption of an Award, may be made under the following terms and conditions: 
 (a) Discretion of the Committee. The Committee has the sole discretion to determine the form of payment (whether monetary, Common Stock, a combination of payout alternatives or otherwise) it shall use in making
distributions or payments for all Options. If the Committee requests any or all Participants to make an election as to form of payment or distribution, it shall not be considered bound by the election. 
 (b) Payment in the form of Common Stock. Any shares of Common Stock tendered in satisfaction of an obligation arising under this Plan shall be
valued at the Fair Market Value of the Common Stock at the time of the distribution. The Committee may use Common Stock in Treasury or may direct the market purchase of such Common Stock to satisfy its obligations under this Plan. 
  

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 12. OPTION EXERCISE ALTERNATIVES. 
 The Committee has sole discretion to determine the form of payment it will accept for the exercise of an Option. The Committee may indicate acceptable forms in the Incentive Stock Option or Non-statutory Stock Option
Agreement covering such Options or may reserve its decision until the time of exercise. No Option is to be considered exercised until payment in full is accepted by the Committee or its agent. 
 (a) Cash Payment. The exercise price may be paid in cash or by certified check. 
 (b) Borrowed Funds. To the extent permitted by law, the Committee may permit all or a portion of the exercise price of an Option to be paid
through borrowed funds. 
 (c) Exchange of Common Stock. (i) The Committee may, in its sole discretion, permit payment by the
tendering of previously acquired shares of Common Stock. 
 (ii) Any shares of Common Stock tendered in payment of the exercise price of an
Option shall be valued at the Fair Market Value of the Common Stock on the date prior to the date of exercise. 
 13. GRANTS IN THE EVENT OF A CHANGE IN
CONTROL. 
 (a) In the event of a Change in Control, Options then available for grant under this Plan pursuant to Section 4 shall be
automatically granted among those current Employees and current Outside Directors who have previously been granted Options under this Plan, as of the date of the Change in Control. The number of shares subject to Options to be granted to each such
individual pursuant to this Section 13 shall be determined by multiplying the number of Options to purchase shares of Common Stock then available for grant to Employees and Outside Directors, respectively, pursuant to Section 4 by a
fraction, the numerator of which is the number of Options to purchase shares of Common Stock previously granted to that individual under this Plan, and the denominator of which is the total number of Options to purchase shares of Common Stock
previously granted to all Employees, in the case of an Employee, and all current Outside Directors, in the case of an Outside Director, under this Plan. 
 (b) The Exercise Price for any option granted pursuant to Section 13 shall be the average of the Exercise Price of each share of Common Stock, as adjusted pursuant to Section 17, subject to an Option
granted under this Plan to the respective Employee or Outside Director prior to the Change in Control. 
 (c) All Options granted pursuant to
Section 13 shall be 100% vested and exercisable upon the Change in Control and shall remain exercisable for a period of 10 years from the date of grant. 
  

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 14. RIGHTS OF A SHAREHOLDER: NONTRANSFERABILITY. 
 (a) No Participant or Outside Director shall have any rights as a shareholder with respect to any shares of Common Stock covered by an Option until the
date of issuance of a stock certificate for such Common Stock. Nothing in this Plan or in any Option granted confers on any person any right to continue in the employ or service of the Holding Company or its Affiliates or interferes in any way with
the right of the Holding Company or its Affiliates to terminate a Participant’s services as an officer or other employee at any time. 
 (b) No Option shall be transferred, assigned, hypothecated, or disposed of in any manner by a Participant or Outside Director other than by will or the laws of intestate succession; provided, however, that with respect to a Non-qualified
Stock Option, the Committee or full Board may, in their sole discretion, permit transferability if such transfer is, in the determination of the Committee or full Board, for valid estate planning purposes and such transfer is permitted under the
Code and Rule 16b-3 promulgated under the Exchange Act. For the purposes of this section a transfer for valid estate planning purposes includes, but is not limited to: (a) a transfer to revocable intervivos trust as to which the Participant or
Outside Director is both the settlor and trustee, or (b) a transfer for no consideration to: (i) any member of the Participant’s or Outside Director’s Immediate Family, (ii) any trust solely for the benefit of members of the
Participant’s or Outside Director’s Immediate Family, (iii) any partnership whose only partners are members of the Participant’s or Outside Director’s Immediate Family, and (iv) any limited liability corporation or
corporate entity whose only members or equity owners are members of the Participant’s or Outside Director’s Immediate Family. For purposes of this Section 14, “Immediate Family” includes, but is not necessarily limited to, a
Participant’s or Outside Director’s spouse, children, and grandchildren. 
 (c) Nothing contained in this Section 14 shall be
construed to require the Committee or full Board to give its approval to any transfer of an Option or portion thereof, and approval to transfer any Option or portion thereof does not mean that such approval will be given for the transfer of any
other Option or portion of an Option. The transferee of any Option shall be subject to all of the terms and conditions applicable to such Option immediately prior to the transfer and shall be subject to the rules and regulations proscribed by the
Committee or full Board with respect to such Option. The Committee or the full Board may limit the amount of any Option, whether as to number or percentage of underlying shares, for which permission to transfer is otherwise granted. 
 15. AGREEMENT WITH GRANTEES. 
 Each Option will be
evidenced by a written agreement (“Agreement”), executed by the Participant or Outside Director and the Holding Company or its Affiliates that describes the terms and conditions for receiving the Option including the date of Option, the
Exercise Price if any, the term or other applicable periods, and other terms and conditions as may be required or imposed by the Plan, the Board of Directors, tax law consideration or applicable securities law. 
  

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 16. DESIGNATION OF BENEFICIARY. 
 A Participant or Outside Director may, with the consent of the Committee, designate a person or persons to receive, in the event of death, any Option to which the Participant would then be entitled. Such designation
will be made upon forms supplied by and delivered to the Holding Company and may be revoked in writing. If a Participant or Outside Director fails effectively to designate a beneficiary, then the Participant’s or Outside Director’s estate
will be deemed to be the beneficiary. 
 17. ADJUSTMENTS. 
 In the event of any change in the outstanding shares of Common Stock by reason of any stock dividend, split, recapitalization, merger, consolidation, spin-off, reorganization, combination or exchange of shares, or
other similar corporate change, or other increase or decrease in such shares without receipt or payment of consideration by the Holding Company, the Committee will make such adjustments to previously granted Awards, to prevent dilution or
enlargement of the rights of the Participant or Outside Director, including any or all of the following: 
  

	 	(a)	adjustments in the aggregate number or kind of shares of Common Stock or other securities that may underlie future Options under the Plan; 

  

	 	(b)	adjustments in the aggregate number or kind of shares of Common Stock or other securities underlying Options already made under the Plan; 

  

	 	(c)	adjustments in the purchase price of outstanding Incentive and/or Non-statutory Stock Options, or any Limited Rights attached to such Options. 

 No such adjustments may, however, materially change the value of benefits available to a Participant or Outside Director under a previously granted
Option. All awards under this Plan shall be binding upon any successors or assigns of the Holding Company. 
 18. TAX WITHHOLDING. 
 Awards under this Plan shall be subject to tax withholding to the extent required by any governmental authority. If this Plan meets the requirements under
17 C.F.R. §240.16b-3 under the Exchange Act (“Rule 16b-3”), then any withholding shall comply with Rule 16b-3 or any amendment or successive rule. 
 19. AMENDMENT OF THE PLAN. 
 The Board of Directors may at any time, and from time to time, modify or amend the Plan in any
respect, prospectively or retroactively; provided however, that provisions governing grants of Options and Limited Rights, unless permitted by the rules promulgated to Section 16(b) of the Exchange Act, shall not be amended more than once every
six months other than to comport with the Internal Revenue Code or the Employee Retirement Income Security Act, if applicable. 
  

 12 

 No such termination, modification or amendment may affect the rights of a Participant or Outside Director
under an outstanding Option without the written permission of such Participant or Outside Directors. 
 20. APPROVAL OF SHAREHOLDERS. 
 The Plan shall be presented to shareholders for approval for purposes of: (i) obtaining favorable treatment under Section 16(b) of the
Securities Exchange Act; (ii) obtaining preferential tax treatment for Incentive Stock Options; and (iii) maintaining listing on Nasdaq National Market. The failure to obtain shareholder approval will not effect the validity or
effectiveness of the Plan and the Options granted hereunder, provided, however, that if the Plan is not approved by stockholders, the Board of Directors may, in its sole discretion, terminate the Plan and rescind any Options granted hereunder and,
to the extent the Board of Directors does not exercise its discretion to terminate the Plan, any Incentive Stock Options granted shall be deemed to be Non-Statutory Stock Options. 
 21. TERMINATION OF THE PLAN. 
 The right to grant Options under the Plan will terminate upon the
earlier of (i) ten (10) years after the Effective Date or (ii) the issuance of Common Stock or (iii) the exercise of Options, or related Limited Rights equivalent to the maximum number of shares reserved under the Plan as set
forth in Section 4. The Board of Directors has the right to suspend or terminate the Plan at any time, provided that, except as to termination of the Plan or rescission of awards pursuant to Section 20 hereof, no such action will, without
the consent of a Participant or Outside Director, adversely affect his vested rights under a previously granted Option. 
 22. APPLICABLE LAW.

 The Plan will be administered in accordance with the laws of the state of Delaware. 
 23. COMPLIANCE WITH SECTION 16. 
 If this Plan is
qualified under Rule 16b-3 (or any successor rule), with respect to persons subject to Section 16 of the Exchange Act, transactions under this Plan are intended to comply with all applicable conditions of Rule 16b-3 or its successors under the
Exchange Act. To the extent any provisions of the Plan or action by the Committee fail to so comply, such provisions shall be deemed null and void, to the extent permitted by law and deemed advisable by the Committee. 
 24. DELEGATION OF AUTHORITY. 
 The Committee may
delegate all authority for: the determination of forms of payment to be made by or received by the Plan; the execution of Agreements; the determination of Fair Market Value; the determination of all other aspects of administration of the plan to the
executive officer(s) of the Holding Company or Reliance Federal Savings Bank (“Bank”). The Committee may rely on the descriptions, representations, reports and estimate provided to it by the management of the Holding Company or the Bank
for determinations to be made pursuant to the Plan. 
  

 13 

 IN WITNESS WHEREOF, Reliance Bancorp, Inc. established this Plan, effective as of the 17th day of July,
1996 and amended and restated as of January 21, 1997, with this Amended and Restated Plan to be executed by a designee of the Board of Directors its duly corporate seal to be affixed and duly attested. 
  

					
	[CORPORATE SEAL]	 	RELIANCE BANCORP, INC.
			
	ADOPTED BY THE BOARD OF DIRECTORS:	 		 	
			
		 	By:	 	 /s/ Raymond L. Nielsen

	 July 17, 1996
 Date
	 		 	 Raymond L. Nielsen
 Chairman of the Board of
Directors
 for Board of Directors

			
	APPROVED BY STOCKHOLDERS:	 	By:	 	 /s/ Robert F. Pelosi

	 November 12, 1996
 Date
	 		 	 Robert F. Pelosi
 Secretary

	
	AMENDED AND RESTATED BY ACTION OF THE BOARD OF DIRECTORS:
			
		 	By:	 	 /s/ Raymond L. Nielsen

	 February 19, 1997
 Date
	 		 	 Raymond L. Nielsen
 Chairman of the Board of
Directors
 for Board of Directors

  

 14Exhibit 4.10

 Exhibit 4.10 
 GREENPOINT FINANCIAL CORP. 
 1999 STOCK INCENTIVE PLAN 
 SECTION 1 
 PURPOSE; DEFINITIONS 
 The purpose of the Plan is to give the Company a competitive advantage in attracting, retaining and motivating officers, employees and/or consultants and
to provide the Company and its Subsidiaries and Affiliates with a stock plan providing incentives directly linked to the profitability of the Company’s businesses and increases in the Company’s shareholder value. 
 For purposes of the Plan, the following terms are defined as set forth below: 
 (a) “Affiliate” means a corporation or other entity controlled by, controlling or under common control with the Company and designated by the
Committee from time to time as such. 
 (b) “Award” means a Stock Appreciation Right, Stock Option, Restricted Stock, Performance
Unit, or other stock-based award. 
 (c) “Award Cycle” shall mean a period of consecutive fiscal years or portions thereof
designated by the Committee over which Performance Units are to be earned. 
 (d) “Board” means the Board of Directors of the
Company. 
 (e) “Cause” means, unless otherwise provided by the Committee, (1) “Cause” as defined in any Individual
Agreement to which the participant is a party, or (2) if there is no such Individual Agreement or if it does not define Cause: an intentional failure to perform stated duties, willful misconduct, breach of a fiduciary duty involving personal
profit, or acts or omissions of personal dishonesty, any of which results in material loss to the Company or any of its Subsidiaries or Affiliates or, any willful violation of any law, rule or regulation (other than traffic violations or similar
offenses) or final cease-and-desist order which results in material loss to the Company or any of its Subsidiaries or Affiliates. The Committee shall, unless otherwise provided in an Individual Agreement with the participant, have the sole
discretion to determine whether “Cause” exists, and its determination shall be final. 
 (f) “Change in Control” and
“Change in Control Price” have the meanings set forth in Sections 11(b) and (c), respectively. 
 (g) “Code” means the
Internal Revenue Code of 1986, as amended from time to time, and any successor thereto. 
 (h) “Commission” means the Securities
and Exchange Commission or any successor agency. 
 (i) “Committee” means the Committee referred to in Section 2. 

 (j) “Common Stock” means common stock, par value $.01 per share, of the Company (or as may be
converted pursuant to Section 3 hereof). 
 (k) “Company” means GreenPoint Financial Corp., a bank holding company registered
under federal law and incorporated in Delaware. 
 (l) “Covered Employee” means a participant designated prior to the grant of
Restricted Stock or Performance Units by the Committee who is or may be a “covered employee” within the meaning of Section 162(m)(3) of the Code in the year in which Restricted Stock or Performance Units are expected to be taxable to
such participant. 
 (m) “Disability” means, unless otherwise provided by the Committee, disability as defined in the
Company’s retirement plan, or if not so defined, shall mean the permanent and total inability of a participant by reason of mental or physical infirmity, or both, to perform the work customarily assigned to him or her. In order to qualify as a
Disability, a medical doctor selected or approved by the Board, and knowledgeable in the field of such infirmity, must advise the Committee either that it is not possible to determine when such Disability will terminate or that it appears probable
that such Disability will be permanent during the remainder of said participant’s lifetime. 
 (n) “Eligible Individuals” mean
officers, employees and consultants of the Company or any of its Subsidiaries or Affiliates, and prospective employees and consultants who have accepted offers of employment or consultancy from the Company or its Subsidiaries or Affiliates, who are
or will be responsible for or contribute to the management, growth or profitability of the business of the Company, or its Subsidiaries or Affiliates. 
 (o) “Exchange Act” means the Securities Exchange Act of 1934, as amended from time to time, and any successor thereto. 
 (p) “Fair Market Value” means, as of any given date, the closing price on such date or, if there are no reported sales on such date, on the last day prior to such date on which there were sales of the Common
Stock on the New York Stock Exchange or, if not listed on such exchange, on any other national securities exchange on which the Common Stock is listed or on NASDAQ. If there is no regular public trading market for such Common Stock, the Fair Market
Value of the Common Stock shall be determined by the Committee in good faith. 
 (q) “Incentive Stock Option” means any Stock
Option designated as, and qualified as, an “incentive stock option” within the meaning of Section 422 of the Code. 
 (r)
“Individual Agreement” means an employment, consulting or similar agreement between a participant and the Company or one of its Subsidiaries or Affiliates. 
 (s) “NonQualified Stock Option” means any Stock Option that is not an Incentive Stock Option. 
 (t) “Qualified Performance-Based Award” means an Award of Restricted Stock or Performance Units designated as such by the Committee at the time of grant, based upon a determination that (i) the recipient is or may be a
“covered employee” within the meaning of 
  

 2 

 Section 162(m)(3) of the Code in the year in which the Company would expect to be able to claim a tax deduction with
respect to such Restricted Stock or Performance Units and (ii) the Committee wishes such Award to qualify for the Section 162(m) Exemption. 
 (u) “Performance Goals” means the performance goals established by the Committee in connection with the grant of Restricted Stock or Performance Units. In the case of Qualified Performance-Based Awards,
(i) such goals shall be based on the attainment of specified levels of one or more of the following measures: return on equity, return on assets, earnings per share, net income and/or achievement of predetermined strategic milestones and
(ii) such Performance Goals shall be set by the Committee within the time period prescribed by Section 162(m) of the Code and related regulations. Performance Goals may be stated in the alternative or in combination. 
 (v) “Performance Units” means an Award granted under Section 8. 
 (w) “Plan” means the GreenPoint Financial Corp. 1999 Stock Incentive Plan, as set forth herein and as hereinafter amended from time to time.

 (x) “Restricted Stock” means an Award granted under Section 7. 
 (y) “Retirement” means retirement from the employ of the Company or its Subsidiaries or Affiliates at the normal or early retirement date as
set forth in any tax-qualified retirement/pension plan of the Company. 
 (z) “Rule 16b-3” means Rule 16b-3, as promulgated by the
Commission under Section 16(b) of the Exchange Act, as amended from time to time. 
 (aa) “Section 162(m) Exemption” means the
exemption from the limitation on deductibility imposed by Section 162(m) of the Code that is set forth in Section 162(m)(4)(C) of the Code. 
 (bb) “Stock Appreciation Right” means an Award granted under Section 6. 
 (cc) “Stock
Option” means an Award granted under Section 5. 
 (dd) “Subsidiary” means any corporation, partnership, joint venture or
other entity during any period in which at least a 50% voting or profits interest is owned, directly or indirectly, by the Company or any successor to the Company. 
 (ee) “Termination of Employment” means the termination of the participant’s employment with, or performance of services for, the Company and any of its Subsidiaries or Affiliates. A participant employed
by, or performing services for, a Subsidiary or an Affiliate shall also be deemed to incur a Termination of Employment if the Subsidiary or Affiliate ceases to be such a Subsidiary or an Affiliate, as the case may be, and the participant does not
immediately thereafter become an employee of, or service-provider for, the Company or another Subsidiary or Affiliate. Temporary absences from employment because of illness, vacation or leave of absence and transfers among the Company and its
Subsidiaries and Affiliates shall not be considered Terminations of Employment. For purposes of the Plan, a participant’s 
  

 3 

 employment shall be deemed to have terminated at the close of business on the day preceding the first date on which he or
she is no longer for any reason whatsoever employed by the Company or any of its Subsidiaries or Affiliates. 
 In addition, certain. other
terms used herein have definitions given to them in the first place in which they are used. 
 SECTION 2 
 ADMINISTRATION 
 The Plan shall be
administered by the Compensation Committee or such other committee of the Board as the Board may from time to time designate (the “Committee”), which shall be composed of not less than two directors, and shall be appointed by and serve at
the pleasure of the Board. 
 The Committee shall have plenary authority to grant Awards pursuant to the terms of the Plan to Eligible
Individuals. 
 Among other things, the. Committee shall have the authority, subject to the terms of the Plan: 
 (a) To select the
Eligible Individuals to whom Awards may from time to time be granted; 
 (b) To determine whether and to what extent Incentive Stock Options,
NonQualified Stock Options, Stock Appreciation Rights, Restricted Stock, Performance Units and other stock-based awards or any combination thereof are to be granted hereunder; 
 (c) To determine the number of shares of Common Stock to be covered by each Award granted hereunder; 
 (d) To determine the terms and conditions of any Award granted hereunder (including, but not limited to, the option price (subject to Section 5(a)),
any vesting condition, restriction or limitation (which may be related to the performance of the participant, the Company or any Subsidiary or Affiliate) and any vesting acceleration or forfeiture waiver regarding any Award and the shares of Common
Stock relating thereto, based on such factors as the Committee shall determine; 
 (e) To modify, amend or adjust the terms and conditions of
any Award, at any time or from time to time, including but not limited to Performance Goals; provided, however, that the Committee may not (i) subject to the last paragraph of Section 3, reduce the exercise price or cancel
and regrant a Stock Option theretofore granted and (ii) adjust upwards the amount payable with respect to a Qualified Performance-Based Award or waive or alter the Performance Goals associated therewith; 
 (f) To determine to what extent and under what circumstances Common Stock and other amounts payable with respect to an Award shall be deferred; and

  

 4 

 (g) To determine under what circumstances an Award may be settled in cash or Common Stock under Sections
5(j), 6(b)(ii) and 8(b)(iv). 
 The Committee shall have the authority to adopt, alter and repeal such administrative rules, guidelines and
practices governing the Plan as it shall from time to time deem advisable, to interpret the terms and provisions of the Plan and any Award issued under the Plan (and any agreement relating thereto) and to otherwise supervise the administration of
the Plan. 
 The Committee may act only by a majority of its members then in office, except that the Committee may, except to the extent
prohibited by applicable law or the applicable rules of a stock exchange, allocate all or any portion of its responsibilities and powers to any one or more of its members and may delegate all or any part of its responsibilities and powers to any
person or persons selected by it; provided that no such delegation may be made that would cause Awards or other transactions under the Plan to cease to be exempt from Section 16(b) of the Exchange Act or cause an Award designated as a
Qualified Performance-Based Award not to qualify for the Section 162(m) Exemption. Any such allocation or delegation may be revoked by the Committee at any time. 
 Any determination made by the Committee or pursuant to delegated authority pursuant to the provisions of the Plan with respect to any Award shall be made in the sole discretion of the Committee or such delegate at the
time of the grant of the Award or, unless in contravention of any express term of the Plan, at any time thereafter. All decisions made by the Committee or any appropriately delegated officer pursuant to the provisions of the Plan shall be final and
binding on all persons, including the Company and Plan participants. 
 Any authority granted to the Committee may also be exercised by the
full Board, except to the extent that the grant or exercise of such authority would cause any Award or transaction to become subject to (or lose an exemption under) the short-swing profit recovery provisions of Section 16 of the Exchange Act or
cause an Award designated as a Qualified Performance-Based Award not to qualify for, or to cease to qualify for, the Section 162(m) Exemption. To the extent that any permitted action taken by the Board conflicts with action taken by the
Committee, the Board action shall control. 
 SECTION 3 
 COMMON STOCK SUBJECT TO PLAN 
 The maximum number of shares of Common Stock that may be delivered to
participants and their beneficiaries under the Plan shall be 4,700,000, which number includes 200,000 of the shares of Common Stock remaining available for awards as of the date of adoption of this Plan under the Company’s Amended and Restated
1994 Stock Incentive Plan. No participant may be granted Stock Options and Stock Appreciation Rights covering in excess of 800,000 shares of Common Stock in any calendar year, Shares subject to an Award under the Plan may be authorized and unissued
shares or may be treasury shares. 
 If any Award is forfeited, or if any Stock Option (and related Stock Appreciation Right, if any)
terminates, expires or lapses without being exercised, or if any Stock Appreciation Right is exercised for cash, shares of Common Stock subject to such Awards shall again be available for distribution in connection with Awards under the Plan.

  

 5 

 In the event of any change in corporate capitalization (including, but not limited to, a change in the
number of shares of Common Stock outstanding), such as a stock split or a corporate transaction, such as any merger, consolidation, separation, including a spin-off, or other distribution of stock or property of the Company, any reorganization
(whether or not such reorganization comes within the definition of such term in Section 368 of the Code) or any partial or complete liquidation of the Company, the Committee or Board may make such substitution or adjustments in the aggregate
number and kind of shares reserved for issuance under the Plan, and the maximum limitation upon Stock Options and Stock Appreciation Rights and Qualified Performance-Based Awards to be granted to any participant, in the number, kind and option price
of shares subject to outstanding Stock Options, Stock Appreciation Rights and Restricted Stock, in the number and kind of shares subject to other outstanding Awards granted under the Plan and/or such other equitable substitution or adjustments as it
may determine to be appropriate in its sole discretion; provided, however, that the number of shares subject to any Award shall always be a whole number. Such adjusted option price shall also be used to determine the amount payable by
the Company upon the exercise of any Stock Appreciation Right associated with any Stock Option. 
 SECTION 4 
 ELIGIBILITY 
 Awards may be granted under the
Plan to Eligible Individuals. No grant shall be made under this Plan to a director who is not an officer or a salaried employee of the Company or its Subsidiaries or Affiliates. 
 SECTION 5 
 STOCK OPTIONS 
 Stock Options may be granted alone or in addition to other Awards granted under the Plan and may be of two types: Incentive Stock Options and
NonQualified Stock Options. Any Stock Option granted under the Plan shall be in such form as the Committee may from time to time approve. 
 The Committee shall have the authority to grant any optionee Incentive Stock Options, NonQualified Stock Options or both types of Stock Options (in each case with or without Stock Appreciation Rights); provided, however, that
grants hereunder are subject to the aggregate limit on grants to individual participants set forth in Section 3. Incentive Stock Options may be granted only to employees of the Company and its subsidiaries or parent corporation (within the
meaning of Section 424(f) of the Code). To the extent that any Stock Option is not designated as an Incentive Stock Option or even if so designated does not qualify as an Incentive Stock Option on or subsequent to its grant date, it shall
constitute a NonQualified Stock Option. 
  

 6 

 Stock Options shall be evidenced by option agreements, the terms and provisions of which may differ. An
option agreement shall indicate on its face whether it is intended to be an agreement for an Incentive Stock Option or a NonQualified Stock Option. The grant of a Stock Option shall occur on the date the Committee by resolution selects an Eligible
Individual to receive a grant of a Stock Option, determines the number of shares of Common Stock to be subject to such Stock Option to be granted to such Eligible Individual and specifies the terms and provisions of the Stock Option. The Company
shall notify an Eligible Individual of any grant of a Stock Option, and a written option agreement or agreements shall be duly executed and delivered by the Company to the participant. Such agreement or agreements shall become effective upon
execution by the Company and the participant. 
 Stock Options granted under the Plan shall be subject to the following terms and conditions
and shall contain such additional terms and conditions as the Committee shall deem desirable: 
 (a) Option Price. The option price per
share of Common Stock purchasable under a Stock Option shall be determined by the Committee and set forth in the option agreement, and shall not be less than the Fair Market Value of the Common Stock subject to the Stock Option on the date of grant.

 (b) Option Term. The term of each Stock Option shall be fixed by the Committee, but no Stock Option shall be exercisable more than
10 years after the date the Stock Option is granted. 
 (c) Exercisability. Except as otherwise provided herein, Stock Options shall
be exercisable at such time or times and subject to such terms and conditions as shall be determined by the Committee. If the Committee provides that any Stock Option is exercisable only in installments, the Committee may at any time waive such
installment exercise provisions, in whole or in part, based on such factors as the Committee may determine. In addition, the Committee may at any time accelerate the exercisability of any Stock Option. 
 (d) Method of Exercise. Subject to the provisions of this Section 5, Stock Options may be exercised, in whole or in part, at any time during
the option term by giving written notice of exercise to the Company specifying the number of shares of Common Stock subject to the Stock Option to be purchased. 
 Such notice shall be accompanied by payment in full of the purchase price by certified or bank check or such other instrument as the Company may accept. If approved by the Committee, payment, in full or in part, may
also be made in the form of unrestricted Common Stock (by delivery of such shares or by attestation) already owned by the optionee of the same class as the Common Stock subject to the Stock Option (based on the Fair Market Value of the Common Stock
on the date the Stock Option is exercised); provided, however, that, in the case of an Incentive Stock Option, the right to make a payment in the form of already owned shares of Common Stock of the same class as the Common Stock
subject to the Stock Option may be authorized only at the time the Stock Option is granted and provided, further, that such already owned shares have been held by the optionee for at least six months at the time of exercise or had been
purchased on the open market. 
  

 7 

 If approved by the Committee, payment in full or in part may also be made by delivering a properly
executed exercise notice to the Company, together with a copy of irrevocable instructions to a broker to deliver promptly to the Company the amount of sale or loan proceeds necessary to pay the purchase price, and, if requested, reduced by the
amount of any federal, state, local or foreign withholding taxes. To facilitate the foregoing, the Company may enter into agreements for coordinated procedures with one or more brokerage firms. 
 In addition, if approved by the Committee, payment in full or in part may also be made by instructing the Committee to withhold a number of such shares
having a Fair Market Value on the date of exercise equal to the aggregate exercise price of such Stock Option. 
 No shares of Common Stock
shall be issued until full payment therefor has been made. Except as otherwise provided in Section 5(1) below, an optionee shall have all of the rights of a shareholder of the Company holding the class or series of Common Stock that is subject
to such Stock Option (including, if applicable, the right to vote the shares and the right to receive dividends), when the optionee has given written notice of exercise, has paid in full for such shares and, if requested, has given the
representation described in Section 14(a). 
 If determined by the Committee at or, with respect to a NonQualified Stock Option,
subsequent to the date of grant of a Stock Option, in the event an optionee who has not incurred a Termination of Employment pays the option price of such Stock Option (in whole or in part) by delivering (or attesting to ownership of) shares of
Common Stock previously owned by the optionee, such optionee shall automatically be granted a reload Stock Option (a “Reload Option”) for the number of shares of Common Stock used to pay the option price. Unless otherwise determined by the
Committee, the Reload Option shall be subject to the same terms and conditions as the Stock Option, except that the Reload Option shall be a NonQualified Stock Option, have an option price equal to the Fair Market Value of the Common Stock on the
date the Reload Option is granted, expire the same date as the expiration date of the Stock Option so exercised, shall vest and become exercisable 6 months following the date of grant of such Reload Option and shall not have the rights set forth in
Section 5(k) hereof Additional Reload Options may only be granted upon exercise of a Reload Option if the Fair Market Value of the Common Stock on the date of such exercise is 25% or more higher than the Fair Market Value of the Common Stock on
the date of grant of the Reload Option being exercised. Reload Options shall not be treated as grants for purposes of the limitations set forth in the second sentence of Section 3 of the Plan. 
 (e) Nontransferability of Stock Options. No Stock Option shall be transferable by the optionee other than (i) by will or by the laws of
descent and distribution; or (ii) in the case of a NonQualified Stock Option, as otherwise expressly permitted by the Committee including, if so permitted, pursuant to a transfer to such optionee’s immediate family, whether directly or
indirectly or by means of a trust or partnership or otherwise. For purposes of this Plan, unless otherwise determined by the Committee, “immediate family” shall mean the optionee’s children, spouse and grandchildren. All Stock Options
shall be exercisable, subject to the terms of this Plan, only by the optionee, the guardian or legal representative of the optionee, or any person to whom such option is transferred pursuant to this paragraph, it being understood that the term
“holder” and “optionee” include such guardian, legal representative and other transferee. 
  

 8 

 (f) Additional Rules for Incentive Stock Options. Notwithstanding anything contained herein to the
contrary, no Stock Option which is intended to qualify as an Incentive Stock Option may be granted to an Eligible Employee who at the time of such grant owns stock possessing more than 10% of the total combined voting power of all classes of stock
of the Company or of any Subsidiary, unless at the time such Stock Option is granted the option price is at least 110% of the Fair Market Value of a share of Common Stock and such Stock Option by its terms is not exercisable after the expiration of
five years from the date such Stock Option is granted. In addition, the aggregate Fair Market Value of the Common Stock (determined at the time a Stock Option for the Common Stock is granted) for which Incentive Stock Options are exercisable for the
first time by an optionee during any calendar year, under all of the incentive stock option plans of the Company and of any Subsidiary, may not exceed $100,000. To the extent a Stock Option that by its terms was intended to be an Incentive Stock
Option exceeds this $100,000, 1imit, the portion of the Stock Option in excess of such limit shall be treated as a NonQualified Stock Option. 
 (g) Termination by Death. Unless otherwise determined by the Committee, if an optionee incurs a Termination of Employment by reason of death, any Stock Option held by such optionee may thereafter be exercised, to the extent then
exercisable, or on such accelerated basis as the Committee may determine, for a period of one year (or such other period as the Committee may specify in the option agreement) from the date of such death or until the expiration of the stated term of
such Stock Option, whichever period is the shorter. 
 (h) Termination by Reason of Disability or Retirement. Unless otherwise
determined by the Committee, if an optionee incurs a Termination of Employment by reason of Disability or Retirement, any Stock Option held by such optionee may thereafter be exercised by the optionee, to the extent it was exercisable at the time of
termination, or on such accelerated basis as the Committee may determine, for a period of one year (or such other period as the Committee may specify in the option agreement) from the date of such Termination of Employment or until the expiration of
the stated term of such Stock Option, whichever period is the shorter; provided, however, that if the optionee dies within such period, any unexercised Stock Option held by such optionee shall, notwithstanding the expiration of such
period, continue to be exercisable to the extent to which it was exercisable at the time of death for a period of 12 months from the date of such death or until the expiration of the stated term of such Stock Option, whichever period is the shorter.
In the event of Termination of Employment by reason of Disability or Retirement, if an Incentive Stock Option is exercised after the expiration of the exercise periods that apply for purposes of Section 422 of the Code, such Stock Option will
thereafter be treated as a NonQualified Stock Option. 
 (i) Other Termination. Unless otherwise determined by the Committee:
(A) if an optionee incurs a Termination of Employment for Cause, all Stock Options held by such optionee shall thereupon terminate; and (B) if an optionee incurs a Termination of Employment for any reason other than death, Disability,
Retirement or for Cause, any Stock Option held by such optionee, to the extent it was then exercisable at the time of termination, or on such accelerated basis as the Committee may determine, may be exercised for the lesser of three months from the
date of such Termination of Employment or the balance of such Stock Option’s term; provided, however, that if the optionee dies within such three-month period, any unexercised Stock Option held by such optionee shall,
notwithstanding the expiration of such 
  

 9 

 three-month period, continue to be exercisable to the extent to which it was exercisable at the time of death for a
period of 12 months from the date of such death or until the expiration of the stated term of such Stock Option; whichever period is the shorter. Notwithstanding any other provision of this Plan to the contrary, in the event an optionee incurs a
Termination of Employment other than for Cause during the 24-month period following a Change in Control, any Stock Option held by such optionee may thereafter be exercised by the optionee, to the extent it was exercisable at the time of termination,
including on such accelerated basis as provided in Section 11(a), for (x) the longer of (i) one year from such date of termination or (ii) such other period as may be provided in the Plan for such Termination of Employment or as
the Committee may provide in the option agreement, or (y) until expiration of the stated term of such Stock Option, whichever period is the shorter. If an Incentive Stock Option is exercised after the expiration of the post-termination exercise
periods that apply for purposes of Section 422 of the Code, such Stock Option will thereafter be treated as a NonQualified Stock Option. 
 (j) Cashing Out of Stock Option. On receipt of written notice of exercise, the Committee may elect to cash out all or part of the portion of the shares of Common Stock for which a Stock Option is being exercised by paying the
optionee an amount, in cash or Common Stock, equal to the excess of the Fair Market Value of the Common Stock over the option price times the number of shares of Common Stock for which the Option is being exercised on the effective date of such
cash-out. 
 (k) Change in Control Cash-Out. Notwithstanding any other provision of the Plan, during the 60-day period from and after
a Change in Control (the “Exercise Period”), if the Committee shall determine at the time of grant or thereafter, an optionee shall have the right, whether or not the Stock Option is fully exercisable and in lieu of the payment of the
option price for the shares of Common Stock being purchased under the Stock Option and by giving notice, to the
Company, to elect (within the Exercise Period) to surrender all or part of the Stock Option to the Company and to receive cash, within 5 days of such election, in an amount equal to the amount by which the Change in Control Price per share of Common
Stock on the date of such election shall exceed the exercise price per share of Common Stock under the Stock Option multiplied by the number of shares of Common Stock granted under the Stock Option as to which the right granted under this
Section 5(k) shall have been exercised. Notwithstanding the foregoing, if any right granted pursuant to this Section 5(k) would make a Change in Control transaction ineligible for pooling-of-interests accounting under APB No. 16 that
but for the nature of such grant would otherwise be eligible for such accounting treatment, the Committee shall have the ability to substitute for the cash payable pursuant to such right Common Stock with a Fair Market Value (as of the date of such
election) equal to the cash-that would otherwise be payable hereunder or, if necessary to preserve such accounting treatment, otherwise modify or eliminate such right. 
 (l) Deferral of Option Shares. The Committee may from time to time establish procedures pursuant to which an optionee may elect to defer, until a time or times later than the exercise of an Option, receipt of
all or a portion of the shares of Common Stock subject to such Option and/or to receive cash at such later time or times in lieu of such deferred shares, all on such terms and conditions as the Committee shall determine. If any such deferrals are
permitted, then notwithstanding Section 5(d) above, an optionee who elects such deferral shall not have any rights as a stockholder with respect to such deferred shares unless and until shares are actually delivered to the optionee with respect
thereto, except to the extent otherwise determined by the Committee. 
  

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 SECTION 6 
 STOCK APPRECIATION RIGHTS 
 (a) Grant and Exercise. Stock Appreciation Rights may be granted in
conjunction with all or part of any Stock Option granted under the Plan. In the case of a NonQualified Stock Option, such rights may be granted either at or after the time of grant of such Stock Option. In the case of an Incentive Stock Option, such
rights may be granted only at the time of grant of such Stock Option. A Stock Appreciation Right shall terminate and no longer be exercisable upon the termination or exercise of the related Stock Option. 
 A Stock Appreciation Right may be exercised by an optionee in accordance with Section 6(b) by surrendering the applicable portion of the related
Stock Option in accordance with procedures established by the Committee. Upon such exercise and surrender, the optionee shall be entitled to receive an amount determined in the manner prescribed in Section 6(b). Stock Options, which have been
so surrendered, shall no longer be exercisable to the extent the related Stock Appreciation Rights have been exercised. 
 (b) Terms and
Conditions. Stock Appreciation Rights shall be subject to such terms and conditions as shall be determined by the Committee, including the following: 
 (i) Stock Appreciation Rights shall be exercisable only at such time or times and to the extent that the Stock Options to which they relate are exercisable in accordance with the provisions of Section 5 and this
Section 6. 
 (ii) Upon the exercise of a Stock Appreciation Right, an optionee shall be entitled to receive an amount in
cash, shares of Common Stock or both, in value equal to the excess of the Fair Market Value of one share of Common Stock over the option price per share specified in the related Stock Option multiplied by the number of shares in respect of which the
Stock Appreciation Right shall have been exercised, with the Committee having the right to determine the form of payment. 
 (iii) Stock Appreciation Rights shall be transferable only to permitted transferees of the underlying Stock Option in accordance with Section 5(e). 
 (iv) Upon the exercise of a Stock Appreciation Right, the Stock Option or part thereof to which such Stock Appreciation Right is related
shall be deemed to have been exercised for the purpose of the limitation set forth in Section 3 on the number of shares of Common Stock to be issued under the Plan, but only to the extent of the number of shares covered by the Stock
Appreciation Right at the time of exercise based on the value of the Stock Appreciation Right at such time. 
  

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 SECTION 7 
 RESTRICTED STOCK 
 (a) Administration. Shares of Restricted Stock may be awarded either alone or in
addition to other Awards granted under the Plan. The Committee shall determine the Eligible Individuals to whom and the time or times at which grants of Restricted Stock will be awarded, the number of shares to be awarded to any Eligible Individual,
the conditions for vesting, the time or times within which such Awards may be subject to forfeiture and any other terms and conditions of the Awards, in addition to those contained in Section 7(c); provided, however, that, subject
to Section 7(c)(i) and Section 11(a)(ii), no shares of Restricted Stock shall vest prior to three years from the date of grant. Notwithstanding the previous sentence, the Committee shall have discretion to permit vesting of shares of
Restricted Stock prior to three years from the date of grant in the event of a participant’s Termination of Employment by reason of Retirement, Disability or death, or under other limited circumstances if the Committee determines that such
earlier vesting is necessary to fulfill a legitimate corporate purpose such as the hiring or retention of a key employee; provided, however, that the Committee shall exercise its discretion (under this Section 7(a) and
Section 7(c)(i)) in these other limited circumstances with respect to shares of Restricted Stock which in the aggregate do not exceed 10% of the maximum number of shares of Common Stock authorized for issuance in Section 3. 
 (b) Awards and Certificates. Shares of Restricted Stock shall be evidenced in such manner as the Committee may deem appropriate, including
book-entry registration or issuance of one or more stock certificates. Any certificate issued in respect of shares of Restricted Stock shall be registered in the name of such participant and shall bear an appropriate legend referring to the terms,
conditions, and restrictions applicable to such Award, substantially in the following form: 
 “The transferability of this certificate
and the shares of stock represented hereby are subject to the terms and conditions (including forfeiture) of the GreenPoint Financial Corp. 1999 Stock Incentive Plan and a Restricted Stock Agreement. Copies of such Plan and Agreement are on file at
the offices of GreenPoint Financial Corp., 90 Park Avenue, New York, New York 10016-1303.” 
 The Committee may require that the certificates evidencing
such shares be held in custody by the Company until the restrictions thereon shall have lapsed and that, as a condition of any Award of Restricted Stock, the participant shall have delivered a stock power, endorsed in blank, relating to the Common
Stock covered by such Award. 
 (c) Terms and Conditions. Shares of Restricted Stock shall be subject to the following terms and
conditions: 
 (i) The Committee may, prior to or at the time of grant, designate an Award of, Restricted Stock as a Qualified Performance-Based Award, in which event it shall condition the grant or vesting, as applicable,
of such Restricted Stock upon the attainment 
  

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 of Performance Goals. If the Committee does not designate an Award of Restricted Stock as a Qualified
Performance-Based Award, it may also condition the grant or vesting thereof upon the attainment of Performance Goals. Subject to Section 11(a)(ii), no shares of Restricted Stock, the vesting of which is conditioned upon the attainment of
Performance Goals, shall vest prior to one year from the date of grant. Notwithstanding the previous sentence, the Committee shall have discretion to permit vesting of shares of Restricted Stock, the vesting of which is conditioned upon the
attainment of Performance Goals, prior to one year from the date of grant in the event of a participant’s Termination of Employment by reason of Retirement, Disability or death, or under other limited circumstances if the Committee determines
that such earlier vesting is necessary to fulfill a legitimate corporate purpose such as the hiring or retention of a key employee; provided, however, that the Committee shall exercise its discretion (under this Section 7(c)(i)
and Section 7(a)) in these other limited circumstances with respect to shares of Restricted Stock which in the aggregate do not exceed 10% of the maximum number of shares of Common Stock authorized for issuance in Section 3. Regardless of
whether an Award of Restricted Stock is a Qualified Performance-Based Award, the Committee may also condition the grant or vesting thereof upon the continued service of the participant. The conditions for grant or vesting and the other provisions of
Restricted Stock Awards (including without limitation any applicable Performance goals) need not be the same with respect to each recipient. The Committee may at any time, in its sole discretion, accelerate or waive, in whole or in part, any of the
foregoing restrictions, other than the restriction period minimums described in Section 7(a) and this Section 7(c)(i); provided, however, that in the case of Restricted Stock that is a Qualified Performance-Based Award, the
applicable Performance Goals have been satisfied with respect to each participant who is a Covered Employee (other than in the case of the participant’s Disability or death). 
 (ii) Subject to the provisions of the Plan and the Restricted Stock Agreement referred to in Section 7(c)(vi), during the period, if
any, set by the Committee, commencing with the date of such Award for which such participant’s continued service is required (the “Restriction Period”), and until the later of (A) the expiration of the Restriction Period and
(B) the date the applicable Performance Goals (if any) are satisfied, the participant shall not be permitted to sell, assign, transfer, pledge or otherwise encumber shares of Restricted Stock. 
 (iii) Except as provided in Section 7(c)(i) through 7(c)(iii), the Restricted Stock Agreement, or as otherwise determined by the
Committee, the participant shall have, with respect to the shares of Restricted Stock, all of the rights of a stockholder of the Company holding the class or series of Common Stock that is the subject of the Restricted Stock, including, if
applicable, the right to vote the shares and the right to receive any cash dividends. If so determined by the Committee in the applicable Restricted Stock Agreement and subject to Section 14(e) of the Plan, (A) cash dividends on the class
or series of Common Stock that is the subject of the Restricted Stock Award shall be automatically deferred and reinvested in additional Restricted Stock, held subject to the vesting of the underlying Restricted Stock, or held subject to meeting
Performance Goals applicable only to dividends, and (B) dividends payable in Common Stock shall be paid in the form of Restricted Stock of the same class as the Common Stock with which such dividend was paid, held subject to the vesting of the
underlying Restricted Stock, or held subject to meeting Performance Goals applicable only to dividends. 
  

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 (iv) Except to the extent otherwise provided in the applicable Restricted Stock Agreement
or Section 7(c)(i), 7(c)(ii) or 11(a)(ii), upon a participant’s Termination of Employment for any reason during the Restriction Period or before the applicable Performance Goals are satisfied, all shares still subject to restriction shall
be forfeited by the participant; provided, however, that the Committee shall have the discretion to waive, in whole or in part, any or all remaining restrictions (other than the restriction period minimums set forth in Sections 7(a)
and 7(c)(i), and, in the case of Qualified Performance-Based Awards with respect to which a participant is a Covered Employee, satisfaction of the applicable Performance Goals unless the participant’s employment is terminated by reason of death
or Disability) with respect to any or all of such participant’s shares of Restricted Stock. 
 (v) If and when any
applicable Performance Goals are satisfied and the Restriction Period expires without a prior forfeiture of the Restricted Stock, unlegended certificates for such shares shall be delivered to the participant upon surrender of the legended
certificates. 
 (vi) Each Award shall be confirmed by, and be subject to, the terms of a Restricted Stock Agreement.

 SECTION 8 
 PERFORMANCE UNITS

 (a) Administration. Performance Units may be awarded either alone or in addition to other Awards granted under the Plan. The
Committee shall determine the Eligible Individuals to whom and the time or times at which Performance Units shall be awarded, the number of Performance Units to be awarded to any Eligible Individual, the duration of the Award Cycle and any other
terms and conditions of the Award, in addition to those contained in Section 8(b). 
 (b) Terms and Conditions. Performance Units
Awards shall be subject to the following terms and conditions: 
 (i) The Committee may, prior to or at the time of the grant,
designate Performance Units as Qualified Performance-Based Awards, in which event it shall condition the settlement thereof upon the attainment of Performance Goals. If the Committee does not designate Performance Units as Qualified
Performance-Based Awards, it may also condition the settlement thereof upon the attainment of Performance Goals. Regardless of whether Performance Units are Qualified Performance-Based Awards, the Committee may also condition the settlement thereof
upon the continued service of the participant. The provisions of such Awards (including without limitation any applicable Performance Goals) need not be the same with respect to each recipient. Subject to the provisions of the Plan and the
Performance Units Agreement referred to in Section 8(b)(v), Performance Units may not be sold, assigned, transferred, pledged or 
  

 14 

 otherwise encumbered during the Award Cycle. Subject to Section 11(a)(iii), no Performance Units may
be earned prior to three years from the date of grant (or one year from the date of grant if the settlement thereof is conditioned upon the attainment of Performance Goals). Notwithstanding the previous sentence, the Committee shall have the
discretion to permit Performance Units to be earned and payable in full in the event the participant’s employment is terminated by reason of Disability or death. No more than 100,000 shares of Common Stock may be granted as Qualified
Performance-Based Awards to any participant in any calendar year. 
 (ii) Except to the extent otherwise provided in the
applicable Performance Units Agreement or Section 8(b)(iii) or 11(a)(iii), upon a participant’s Termination of Employment for any reason during the Award Cycle or before any applicable Performance Goals are satisfied, all rights to receive
cash or stock in settlement of the Performance Units shall be forfeited by the participant; provided, however, that the Committee shall have the discretion to waive, in whole or in part, any or all remaining payment limitations (other
than the restriction period minimums set forth in Section 8(b)(i), and, in the case of Performance Units that are Qualified Performance-Based Awards, satisfaction of the applicable Performance Goals unless the participant’s employment is
terminated by reason of Disability or death) with respect to any or all of such participant’s Performance Units. 
 (iii)
A participant may elect to further defer receipt of cash or shares in settlement of Performance Units for a specified period or until a specified event, subject in each case to the Committee’s approval and to such terms as are determined by the
Committee. Subject to any exceptions adopted by the Committee, such election must generally be made prior to commencement of the Award Cycle for the Performance Units in question. 
 (iv) At the expiration of the Award Cycle, the Committee shall evaluate the Company’s performance in light of any Performance Goals
for such Award, and shall determine the number of Performance Units granted to the participant which have been earned, and the Committee shall then cause to be delivered (A) a number of shares of Common Stock equal to the number of Performance
Units determined by the Committee to have been earned, or (B) cash equal to the Fair Market Value of such number of shares of Common Stock to the participant, as the Committee shall elect (subject to any deferral pursuant to
Section 8.(b)(iii)). 
 (v) Each Award shall be confirmed by, and be subject to, the terms of a Performance Units
Agreement. 
 SECTION 9 
 TAX
OFFSET BONUSES 
 At the time an Award is made hereunder or at any time thereafter, the Committee may grant to the participant receiving such
Award the right to receive a cash payment in an amount specified by the Committee, to be paid at such time or times (if ever) as the Award results in 
  

 15 

 compensation income to the participant, for the purpose of assisting the participant to pay the resulting taxes, all as
determined by the Committee and on such other terms and conditions as the Committee shall determine. 
 SECTION 10 
 OTHER STOCK-BASED AWARDS 
 Other Awards of
Common Stock and other Awards that are valued in whole or in part by reference to, or are otherwise based upon, Common Stock, including (without limitation) dividend equivalents and convertible debentures, may be granted either alone or in
conjunction with other Awards granted under the Plan. In the event that an Award is granted under this Section 10 to a participant who is an officer, the Award shall be granted in lieu of additional cash compensation to the officer for
services. 
 SECTION 11 
 CHANGE IN
CONTROL PROVISIONS 
 (a) Impact of Event. Notwithstanding any other provision of the Plan to the contrary, in the event of a Change in
Control: 
 (i) Any Stock options and Stock Appreciation Rights outstanding as of the date such Change in Control is
determined to have occurred, and which are not then exercisable and vested, shall become fully exercisable and vested to the full extent of the original giant. 
 (ii) The restrictions and deferral limitations applicable to any Restricted Stock shall lapse, and such Restricted Stock shall become free
of all restrictions and become fully vested and transferable to the full extent of the original grant. 
 (iii) All
Performance Units shall be considered to be earned and payable in full based upon maximum performance, and any deferral or other restriction shall lapse and such Performance Units shall be settled in cash (or shares of Common Stock at the
Committee’s election) as promptly as is practicable. 
 (iv) The Committee may also make additional adjustments and/or
settlements of outstanding Awards as it deems appropriate and consistent with the Plan’s purposes. 
 (b) Definition of Change in
Control. For purposes of the Plan, a “Change in Control” shall mean the happening of any of the following events: 
 (i) The acquisition by any individual, entity or group (within the meaning of Section 13(d)(3) or 14(d)(2) of the Exchange Act) (a “Person”) of beneficial ownership (within the meaning of Rule 13d-3 promulgated under the
Exchange Act) of 20% or more of either (A) the then outstanding shares of common stock of the Company (the “Outstanding Company Common Stock”) or (B) the combined voting power of the then outstanding voting securities of the
Company entitled to vote generally in the election of 
  

 16 

 directors (the “Outstanding Company Voting Securities”); provided, however, that
for purposes of this subsection (i), the following acquisitions shall not constitute a Change in Control: (1) any acquisition directly from the Company, (2) any acquisition by the Company, (3) any acquisition by any employee benefit
plan (or related trust) sponsored or maintained by the Company or any corporation controlled by the Company or (4) any acquisition by any corporation pursuant to a transaction which complies with clauses (A), (B) and (C) of subsection
(iii) of this Section 11(b); or 
 (ii) Individuals who, as of the effective date of the Plan, constitute the Board
(the “Incumbent Board”) cease for any reason not to constitute at least a majority of the Board; provided, however, that any individual becoming a director subsequent to the effective date of the Plan whose election, or
nomination for election by the Company’s shareholders, was approved by a vote of at least a majority of the directors then comprising the Incumbent Board shall be considered as though such individual were a member of the Incumbent Board, but
excluding, for this purpose, any such individual whose initial assumption of office occurs as a result of an actual or threatened election contest with respect to the election or removal of directors or other actual or threatened solicitation of
proxies or consents by or on behalf of a Person other than the Board; or 
 (iii) Consummation of a reorganization, merger or
consolidation or sale or other disposition of all or substantially all of the assets of the Company (a “Business Combination”), in each case, unless, following such Business Combination, (A) all or substantially all of the individuals
and entities who were the beneficial owners, respectively, of the Outstanding Company Common. Stock and Outstanding
Company Voting Securities immediately prior to such Business Combination beneficially own, directly or indirectly, more than 50% of, respectively, the then outstanding shares of common stock and the combined voting power of the then outstanding
voting securities entitled to vote generally in the election of directors, as the case may be, of the corporation resulting from such Business Combination (including, without limitation, a corporation which as a result of such transaction owns the
Company or all or substantially all of the Company’s assets either directly or through one or more subsidiaries) in substantially the same proportions as their ownership, immediately prior to such Business Combination of the Outstanding Company
Common Stock and Outstanding Company Voting Securities, as the case may be, (B) no Person (excluding any employee benefit plan (or related trust) of the Company or such corporation resulting from such Business Combination) beneficially owns,
directly or indirectly, 20% or more of, respectively, the then outstanding shares of common stock of the corporation resulting from such Business Combination or the combined voting power of the then outstanding voting securities of such corporation
except to the extent that such ownership existed prior to the Business Combination and (C) at least a majority of the members of the board of directors of the corporation resulting from such Business Combination were members of the Incumbent
Board at the time of the execution of the initial agreement, or of the action of the Board, providing for such Business Combination; or 
 (iv) Approval by the shareholders of the Company of a complete liquidation or dissolution of the Company. 
  

 17 

 (c) Change in Control Price. For purposes of the Plan, “Change in Control Price” means
the higher of (i) the highest reported sales price, regular way, of a share of Common Stock in any transaction reported on the New York Stock Exchange Composite Tape or other national exchange on which such shares are listed or on NASDAQ during
the 60-day period prior to and including the date of a Change in Control or (ii) if the Change in Control is the result of a tender or exchange offer or a Corporate Transaction, the highest price per share of Common Stock paid in such tender or
exchange offer or Corporate Transaction; provided, however, that in the case of Incentive Stock Options and Stock Appreciation Rights relating to Incentive Stock Options, the Change in Control Price shall be in all cases the Fair
Market Value of the Common Stock on the date such Incentive Stock Option or Stock Appreciation Right is exercised. To the extent that the consideration paid in any such transaction described above consists all or in part of securities or other
noncash consideration, the value of such securities or other noncash consideration shall be determined in the sole discretion of the Board. 
 SECTION 12 
 TERM, AMENDMENT AND TERMINATION 
 The Plan will terminate on the tenth anniversary of the effective date of the Plan. Under the Plan, Awards outstanding as of such date shall not be affected or impaired by the termination of the Plan. 
 The Board may amend, alter, or discontinue the Plan, but no amendment, alteration or discontinuation shall be made which would impair the rights of an
optionee under a Stock Option or a recipient of a Stock Appreciation Right, Restricted Stock Award, Performance Unit Award or other stock-based Award theretofore granted without the optionee’s or recipient’s consent, except such an
amendment made to comply with applicable law, stock exchange rules or accounting rules. In addition, no such amendment shall be made without the approval of the Company’s stockholders to the extent such approval is required by applicable law or
stock exchange rules; provided, however, that stockholder approval shall be required for any amendment which (i) increases the maximum number of shares for which Awards may be granted under the Plan (subject, however, to the
provisions of Section 3 hereof), (ii) reduces the exercise price at which Stock Options may be granted (subject, however, to the provisions of Section 3 hereof), (iii) extends the period during which Stock Options may be granted
or exercised beyond the times originally prescribed, (iv) changes the persons eligible to participate in the Plan, or (v) materially increases the benefits accruing to participants under the Plan. 
 Subject to the repricing restrictions in Section 2(e)(i) and the restriction period minimums described in Sections 7(a), 7(c)(i) and 8(b)(i), the
Committee may amend the terms of any Stock Option or other Award theretofore granted, prospectively or retroactively, but no such amendment shall cause a Qualified Performance-Based Award to cease to qualify for the Section 162(m) Exemption or
impair the rights of any holder without the holder’s consent except such an amendment made to cause the Plan or Award to comply with applicable law, stock exchange rules or accounting rules. 
 Subject to the above provisions, the Board shall have authority to amend the Plan to take into account changes in law and tax and accounting rules as
well as other developments, and to grant Awards which qualify for beneficial treatment under such rules without stockholder approval. 
  

 18 

 SECTION 13 
 UNFUNDED STATUS OF PLAN 
 It is presently intended that the Plan constitute an “unfunded” plan for
incentive and deferred compensation. The Committee may authorize the creation of trusts or other arrangements to meet the obligations created under the Plan to deliver Common Stock or make payments; provided, however, that unless the
Committee otherwise determines, the existence of such trusts or other arrangements is consistent with the “unfunded” status of the Plan. 
 SECTION 14 
 GENERAL PROVISIONS 
 (a) The Committee may require each person purchasing or receiving shares pursuant to an Award to represent to and agree with the Company in writing that such person is acquiring the shares without a view to the distribution thereof. The
certificates for such shares may include any legend that the Committee deems appropriate to reflect any restrictions on transfer. 
 Notwithstanding any other provision of the Plan or agreements made pursuant thereto, the Company shall not be required to issue or deliver any certificate or certificates for shares of Common Stock under the Plan prior to fulfillment of all
of the following conditions: 
 (1) Listing or approval for listing upon notice of issuance, of such shares on the New York
Stock Exchange, Inc., or such other securities exchange as may at the time be the principal market for the Common Stock; 
 (2) Any registration or other qualification of such shares of the Company under any state or federal law or regulation, or the maintaining in effect of any such registration or other qualification which the Committee shall, in its absolute
discretion upon the advice of counsel, deem necessary or advisable; and 
 (3) Obtaining any other consent, approval, or
permit from any state or federal governmental agency, which the Committee shall, in its absolute discretion after receiving the advice of counsel, determine to be necessary or advisable. 
 (b) Nothing contained in the Plan shall prevent the Company or any Subsidiary or Affiliate from adopting other or additional compensation arrangements
for its employees. 
 (c) The Plan shall not constitute a contract of employment, and adoption of the Plan shall not confer upon any employee
any right to continued employment, nor shall it interfere in any way with the right of the Company or any Subsidiary or Affiliate to terminate the employment of any employee at any time. 
  

 19 

 (d) No later than the date as of which an amount first becomes includible in the gross income of the
participant for federal income tax purposes with respect to any Award under the Plan, the participant shall pay to the Company, or make arrangements satisfactory to the Company regarding the payment of, any federal, state, local or foreign taxes of
any kind required by law to be withheld with respect to such amount. Unless otherwise determined by the Company, withholding obligations may be settled with Common Stock, including Common Stock that is part of the Award that gives rise to the
withholding requirement. The obligations of the Company under the Plan shall be conditional on such payment or arrangements, and the Company and its Subsidiaries and Affiliates shall, to the extent permitted by law, have the right to deduct any such
taxes from any payment otherwise due to the participant. The Committee may establish such procedures as it deems appropriate, including making irrevocable elections, for the settlement of withholding obligations with Common Stock. 
 (e) Reinvestment of dividends in additional Restricted Stock at the time of any dividend payment shall only be permissible if sufficient shares of Common
Stock are available under Section 3 for such reinvestment (taking into account then outstanding Stock Options and other Awards). 
 (f)
The Committee shall establish such procedures as it deems appropriate for a participant to designate a beneficiary to whom any amounts payable in the event of the participant’s death are to be paid or by whom any rights of the participant,
after the participant’s death, may be exercised. 
 (g) In the case of a grant of an Award to any employee of a Subsidiary of the
Company, the Company may, if the Committee so directs, issue or transfer the shares of Common Stock, if any, covered by the Award to the Subsidiary, for such lawful consideration as the Committee may specify, upon the condition or understanding that
the Subsidiary will transfer the shares of Common Stock to the employee in accordance with the terms of the Award specified by the Committee pursuant to the provisions of the Plan. All shares of Common Stock underlying Awards that are forfeited or
canceled should revert to the Company. 
 (h) The Plan and all Awards made and actions taken thereunder shall be governed by and construed in
accordance with the laws of the State of Delaware, without reference to principles of conflict of laws. 
 (i) Except as otherwise provided
in Section 5(e) or 6(b)(iii) or by the Committee, Awards under the Plan are not transferable except by will or by the laws of descent and distribution. 
 (j) In the event an Award is granted to an Eligible Individual who is employed or providing services outside the United States and who is not compensated from a payroll maintained in the United States, the Committee
may, in its sole discretion, modify the provisions of the Plan as they pertain to such individual to comply with applicable foreign law. 
  

 20 

 SECTION 15 
 EFFECTIVE DATE OF PLAN 
 The Plan shall be effective as of the date it is adopted by the Board, subject to
the approval of the Company’s stockholders. 
  

 21

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