Document:

Exhibit 4.4

 Investment Election Form 
 Participant Election to Invest in 
 People’s United Financial, Inc.
Common Stock (“Company Stock”) 
 People’s Bank 401(k) Employee Savings Plan 
 If you would like to participate in the Offering using amounts currently in your account in the People’s Bank 401(k) Employee Savings Plan (the
“Plan”), please complete this form, sign it, and return it to People’s Bank, Organization Effectiveness, 850 Main Street, BC-10, Bridgeport, CT 06604 Attn: D. Hallstrom-Murdock, RC-563 so that it is received no later than the Election
Submission Deadline which is 5:00 p.m. on March 15, 2007. 
  

									
	Participant’s Name (please print):	 	  
	    	Social Security Number:	 	  

									
		
	Address:	 	  

		 	Street	 	City	 	State	 	Zip Code

  

	1.	Background Information 

 People’s United
Financial, Inc. is offering shares of common stock, par value $0.01 per share, for sale at $20.00 per share to certain depositors and the public (the “Offering”) in connection with the conversion of People’s Bank and People’s
Mutual Holdings from a mutual holding company to a stock holding company structure (the “Conversion”). The minimum purchase in the Offering is 25 shares ($500). 
 Plan Participants who had total account balances of at least $500 in the Plan on February 9, 2007 and were actively employed by People’s Bank on that date are being given an opportunity to direct the trustee
of the Plan (the “Trustee”) to purchase Company Stock in the Offering with amounts currently in their Plan account. Participants are also being given the opportunity, after the Offering, to direct future contributions under the Plan to the
purchase of Company Stock. 
 Prior to making a decision to direct the Trustee to purchase Company Stock in the Offering, you should
carefully review the full Prospectus (including the Summary Plan Description and Prospectus) accompanying this Investment Election Form. Your decision to direct the transfer of amounts credited to your Plan account balances to purchase shares of
Company Stock in the Offering is irrevocable. Notwithstanding this irrevocability, Participants may transfer some or all of their shares of Company Stock held in the Plan, if any, into one or more of the Plan’s other investment choices at
such times as are provided for under the Plan’s rules for such transfers. 
 Investing in any stock entails some risks and we
encourage you to discuss your investment decision with your investment advisor. Neither the Trustee nor People’s Bank is authorized to make any representations about this investment. You should not rely on any information about the Company
Stock other than information contained in the Prospectus (which includes the Summary Plan Description and Prospectus) in making your investment decision. 
 Any shares purchased by the Plan based on your election will be subject to the conditions and restrictions otherwise applicable to Company Stock purchased directly by you in the Offering. These restrictions are
described in the Prospectus. 
  

	2.	Investment Election 

 If you would like to
participate in the Offering with amounts currently in your Plan account, please indicate the number of shares you wish to purchase (whole shares only): 
  

	
	I hereby direct the Trustee to purchase
             shares of Company Stock in my Plan account (25 share minimum at $20.00 per share)

 I understand and agree that by signing this form and submitting it before the Election Submission Deadline, I am
directing the Trustee to purchase the number of shares specified above and to take the actions described in the three following paragraphs with respect to my Plan account. I further understand and agree to all of the terms and conditions described
in those paragraphs. 
         Soon after the Election Submission Deadline, the Trustee will sell a portion of my
current Plan investments, other than People’s Bank common stock and outstanding loans, on a pro rata basis to generate cash to pay for the shares to be purchased for my Plan account. The cash proceeds will remain in my Plan account and
will be temporarily invested in the Putnam Money Market Fund. I acknowledge that I have been able to obtain a copy of the prospectus for the Putnam Money Market Fund prior to my submission of this Investment Election form by logging into my account
at ibenefitcenter.com, then clicking on “Plan Info & Forms - Investment Information”, or by requesting a prospectus by calling 800-231-2842. I understand that by making this election I will not be able to direct the transfer
of any funds out of, or additional funds into, the Putnam Money Market Fund. The Trustee will use the amounts invested in the Putnam Money Market Fund as the source of funds it will wire to People’s United Financial, Inc. (or its
designee) on the closing date for completion of the Offering in exchange for the shares of Company Stock being purchased for my Plan account. This is expected to occur several weeks after the Election Submission Deadline. 
  

 If the total amount available from the sale of my current Plan investments (other than People’s Bank
common stock and outstanding loans) is not sufficient to pay for the number of shares I have directed the Trustee to purchase, the number of shares of Company Stock that will be purchased for my Plan account will be reduced to the maximum number of
whole shares of Company Stock that can be purchased with the available funds. No shares will be purchased for my Plan account if less than $500 (the minimum purchase amount) is available in my account. If the Offering is oversubscribed, the number
of shares that will be purchased for my Plan account may also be reduced, in the manner described in the Prospectus. After completion of the Offering, all amounts earned from the temporary investment of my funds in the Putnam Money Market Fund will
remain in my account, and will be transferred to the Putnam Stable Value Fund. After completion of the transfer, I will be able to redirect the investment of amounts transferred to the Stable Value Fund by following the Plan’s normal procedures
for reinvestment of existing Plan balances. 
 If the Offering is cancelled or terminated for any reason, all amounts temporarily invested on
my behalf in the Putnam Money Market Fund will be transferred to the Plan investments which were the initial source of the funds, on a pro rata basis. Reinvestment of these amounts will be at the current market prices of each such investment. Any
earnings attributable to temporary investments in the Putnam Money Market Fund will be transferred to the Putnam Stable Value Fund. 
  

	3.	Purchaser Information 

 The ability of participants
in the Plan to purchase Company Stock in the Offering and to direct the investment of their current account balances into Company Stock is based in part upon the participant’s status as an “Eligible Account Holder” or
“Supplemental Eligible Account Holder” as those terms are defined in the Prospectus or, if neither, as an employee of People’s Bank participating in the Plan. Please indicate your status. 
  

	 	a. ̈	Eligible Account Holder - Check here if you were a depositor with $50.00 or more on deposit with People’s Bank as of June 30, 2005. 

 Acct. No.
                         
  

	 	b. ̈	Supplemental Eligible Account Holder - Check here if you were a depositor with $50.00 or more on deposit with People’s Bank as of December 31, 2006, but are not an
Eligible Account Holder. 

 Acct. No.
                         
  

	 	c. ̈	Employee of People’s Bank who does not otherwise qualify as an Eligible Account Holder or Supplemental Eligible Account Holder. 

  

	4.	Participant Signature and Acknowledgment – Required 

 By
signing this Investment Election Form, I authorize and direct the Plan Administrator and Trustee to carry out my instructions. I acknowledge that I have been provided with and have read a copy of the Prospectus (including the Summary Plan
Description and Prospectus) relating to the issuance of Company Stock accompanying this Investment Election Form. I am aware of the risks involved in investing in Company Stock and I acknowledge that neither the Plan nor any Plan fiduciary such as
the Trustee or the Plan Administrator, nor any employee of People’s Bank, is responsible for my choice of investment, nor has any such person recommended an investment in Company Stock. I understand that my failure to sign this acknowledgment
will make this Investment Election Form null and void. 
  

							
	 Participant’s Signature:
	 	  
	    	Date Signed:	 	  

 IMPORTANT: If you do not fully complete and sign this form, and submit it so that it is actually received by
the Organization Effectiveness department of People’s Bank, 850 Main Street, BC-10, Bridgeport, CT 06604 Attn: D. Hallstrom-Murdock, RC-563 by no later than 5:00 p.m. on March 15, 2007, your investment election will not be effective and
you will not participate in the Offering using funds in your Plan account. Faxes, e-mails and similar forms of delivery are not acceptable. 
 This Investment Election Form only covers the investment of your current account balance in the Plan (excluding People’s Bank common stock and outstanding loans) in Company Stock. If you would like to invest
future contributions in Company Stock, you will need to change your current investment elections by following the Plan’s normal telephone or on-line procedures. 
 KEEP A COPY OF THIS FORM FOR YOUR RECORDSSunoco Partners LLC Executive Involuntary Severance Plan

 Exhibit 10.10 
  
 SUNOCO PARTNERS LLC 
  
 EXECUTIVE INVOLUNTARY SEVERANCE PLAN 

 ARTICLE I 
 DEFINITIONS 
  
 Section 1.1 “Benefit” or “Benefits” shall mean any or all of the benefits that a Participant is entitled to receive pursuant to Article IV of the Plan. 
  
 Section 1.2 “Board of Directors” shall mean the Board of Directors of Sunoco Partners LLC, or any successor
thereto. 
  
 Section 1.3 “Chief Executive Officer”
shall mean the individual serving as the Chief Executive Officer of Sunoco Partners LLC, as of the date of reference. 
  
 Section 1.4 “Committee” shall mean the administrative committee designated pursuant to Article VI of the Plan to administer the Plan in
accordance with its terms. 
  
 Section 1.5
“Company” shall mean Sunoco Partners LLC, a Pennsylvania limited liability Company that is the general partner of Sunoco Logistics Partners L.P., a Delaware limited partnership. The term “Company” shall include any successor to
Sunoco Partners LLC, any subsidiary or affiliate thereof that has adopted the Plan, or an entity succeeding to the business of Sunoco Partners LLC, or any subsidiary or affiliate, by merger, consolidation or liquidation or purchase of assets or
equity or similar transaction. 
  
 Section 1.6 “Company
Service” shall mean, for purposes of determining Benefits available to any Participant in this Plan, the total aggregate recorded length of such Participant’s service with Sunoco Partners LLC; any predecessor thereto (including,
specifically, Sunoco, Inc. and its affiliates), any subsidiary or affiliate thereof (whether by merger, consolidation, liquidation, or purchase of assets or equity, or similar transaction) that has adopted the Plan; and/or any entity succeeding to
the business of Sunoco Partners LLC. 
  
 Company Service shall
commence with the Participant’s initial date of employment with the Company, and shall end with such Participant’s death, retirement, or termination for any reason. Company Service also shall include: 
  
 (a) all periods of approved leave of absence (whether
personal, educational, family, medical, military, or otherwise); provided, however, that the Participant returns to work within the prescribed time following the leave; 
  
 (b) any break in service of thirty (30) days or less; and 
  
 (c) any service credited under applicable Company policies
with respect to the length of a Participant’s employment by any non-affiliated entity that is subsequently acquired by, and becomes a part of, the Company’s operations. 
  
 Section 1.7 “Compensation Committee” shall mean the Compensation Committee of the Board of Directors.

  

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 Section 1.8 “Disability” shall mean any illness, injury or incapacity of such duration and
type as to render a Participant eligible to receive long-term disability benefits under the applicable broad-based long-term disability program of the Company. 
  

Section 1.9 “Employment Termination Date” shall mean the date on which the employment relationship between the Participant and the
Company is terminated. 
  
 Section 1.10 “ERISA”
shall mean the Employee Retirement Income Security Act of 1974, as amended. 
  
 Section 1.11 “Executive Level Employee” shall mean any individual employed by the Company who has been designated by the Company as a member of the Company’s executive level group. Generally, such
group shall include employees in Grades 14 to 20 and all employees subject to Section 16 of the Securities Exchange Act of 1934, as amended. 
  
 Section 1.12 “Just Cause” shall mean: 
  
 (a) the willful and continued failure of the Participant to perform substantially the Participant’s duties with the Company (other than any such
failure resulting from incapacity due to physical or mental illness), after a written demand for substantial performance is delivered to the Participant by the Board of Directors or the Chief Executive Officer, specifically identifying the manner in
which the Board of Directors or the Chief Executive Officer believes the Participant has not substantially performed the Participant’s duties, or 
  
 (b) the willful engaging by the Participant in illegal conduct or gross misconduct that is materially and demonstrably injurious to the Company or Sunoco
Logistics Partners L.P. 
  
 For purposes of this
Section 1.12, no act, or failure to act, on the part of the Participant shall be considered “willful” unless it is done, or omitted to be done, by the Participant in bad faith or without reasonable belief that the Participant’s
action or omission was in the best interests of the Company, or of Sunoco Logistics Partners L.P. Any act, or failure to act, based upon authority given pursuant to a resolution duly adopted by the Board of Directors or upon the instructions of the
Chief Executive Officer or a senior officer of the Company or based upon the advice of counsel for the Company shall be conclusively presumed to be done, or omitted to be done, by the Participant in good faith and in the best interests of the
Company, or of Sunoco Logistics Partners L.P. The cessation the Participant’s employment shall not be deemed to be for Just Cause unless and until there shall have been delivered to the Participant a copy of a resolution duly adopted by the
affirmative vote of not less than three-quarters of the entire membership of the Board of Directors (excluding the Participant, if the Participant is a member of the Board of Directors) at a meeting of the Board of Directors (after reasonable notice
is provided to the Participant and the Participant is given an opportunity, together with counsel for the Participant, to be heard before the Board of Directors), finding that, in the good faith opinion of the Board of Directors, the Participant is
guilty of the conduct described in Section 1.12(a) or 1.12(b), hereof, and specifying the particulars thereof in detail. 
  

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 Section 1.13 “Participant” shall mean any Executive Level Employee; provided,
however, that any Executive Level Employee having an employment contract with the Company that provides severance benefits shall not be eligible to participate in the Plan while such contract is in effect, except to the extent specifically
provided in the contract. 
  
 Section 1.14 “Plan”
shall mean the Sunoco Partners LLC Executive Involuntary Severance Plan, as set forth herein, and as the same may from time to time be amended. 
  
 Section 1.15 “Plan Year” shall mean each fiscal year of the Company during which this Plan is in effect. 
  
 Section 1.16 “Salary Continuation Period” shall mean:

  
 (a) six (6) weeks, in the case of a
Participant who either has not executed the release described in Section 3.3 hereof, or who has revoked such a previously executed release; or 
  
 (b) in the case of a Participant that has executed and not revoked the release described in Section 3.3 hereof: 
  
 (1) seventy-eight (78) weeks for the Company’s
Chief Executive Officer, Chief Financial Officer, any vice president and each other Executive Level Employee in Grade 17 or above; and 
  
 (2) fifty-two (52) weeks for each other Executive Level Employee. 
  
 Section 1.17 “Weekly Compensation” shall mean the sum of each of the following items divided by 52:

  
 (a) a Participant’s annual base salary;
and 
  
 (b) the applicable guideline (target)
annual bonus amount in effect on his or her Employment Termination Date. 
  
 ARTICLE II 
 BACKGROUND, PURPOSE AND TERM OF PLAN 
  
 Section 2.1 Background. The Company maintains this Plan for the purpose of providing severance allowances to its
Executive Level Employees, whose employment is terminated for reasons other than Just Cause. The Plan shall be effective as of January 26, 2007. 
  
 Section 2.2 Purpose of the Plan. In recognition of their past service to the Company, this Plan is intended to alleviate, in part or in full,
financial hardships which may be experienced by certain of those employees of the Company whose employment is terminated. In essence, benefits under the Plan are intended to be additional compensation for past services or the continuation of the
specified 

  

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fringe benefits for a transitional period. The amount or kind of benefit to be provided is to be based on the position and compensation of the Executive
Level Employee and the fringe benefit programs applicable to such Executive Level Employee at his or her Employment Termination Date. The Plan is not intended to be included in the definitions of “employee pension benefit plan” and
“pension plan” as set forth under Section 3(2) of ERISA. Rather, this Plan is intended to meet the descriptive requirements of a plan constituting a “severance pay plan” within the meaning regulations published by the
Secretary of Labor at Title 29, Code of Federal Regulations, § 2510.3-2(b). 
  
 Section 2.3 Term of the Plan. The Plan will continue until such time as the Board of Directors, or a committee thereof, delegated such responsibility, acting in its sole discretion, elects to modify,
supersede or terminate it in accordance with the further provisions hereof. 
  
 ARTICLE III 
 PARTICIPATION AND ELIGIBILITY FOR BENEFITS 
  
 Section 3.1 General Eligibility Requirement. In order to receive
a Benefit under this Plan, a Participant’s employment must have been terminated by the Company other than for Just Cause, death or Disability; provided, however, that any Participant who is receiving benefits under the Sunoco Partners
LLC Special Executive Severance Plan shall not also be eligible to receive any Benefit under this Plan. 
  
 Section 3.2 Employment by Successor. Notwithstanding anything herein to the contrary, no Benefits shall be due hereunder in connection with
the sale or other disposition by the Company of the equity or assets of any business unit, division, subsidiary, or other affiliate, if the Participant receives an offer of employment from the purchaser or other acquiror at a combined annual salary
and guideline bonus at least equal to the annual salary and guideline bonus for his or her position with the Company immediately prior to such sale or other disposition. 
  
 Section 3.3 Release. Unless the Participant executes a full waiver and release of claims in a form satisfactory
to the Company, and notwithstanding anything herein to the contrary as provided in Section 5.2, the Benefits provided hereunder in connection with a termination of employment shall be provided only for the Salary Continuation Period set forth
in Section 1.16(a) of this Plan, and the special medical benefit described in Section 4.4 of this Plan shall not be provided. In no event shall execution of the release described in this Section 3.3 impair a Participant’s ability
to pursue any rights with respect to benefits under the Sunoco Partners LLC. Special Executive Severance Plan. 
  

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 ARTICLE IV 
 BENEFIT 
  
 Section 4.1 Amount of Immediate Cash Benefit . The immediate cash amount to be paid to a Participant eligible to receive Benefits under Section 3.1 hereof shall be paid in a lump sum and shall equal the Participant’s
earned vacation (as determined under the Company’s applicable vacation policy as in effect on the Employment Termination Date) through the end of his or her Employment Termination Date. 
  
 Section 4.2 Salary Continuation. A Participant who is eligible to
receive Benefits under Section 3.1 shall continue to be entitled, through the end of his/her Salary Continuation Period to his/her Weekly Compensation as in effect on the Employment Termination Date. 
  
 Section 4.3 Executive Benefits. A Participant who is eligible to
receive Benefits under Section 3.1 shall continue to be entitled, through the end of his/her Salary Continuation Period to those employee benefits listed below: 
  
 (a) death benefits in an amount equal to one (1) times annual base salary at the Employment Termination
Date. Supplemental coverages elected under the Company’s applicable death benefits plan(s), or any similar plan of any of the following, will be discontinued under the terms of such plan(s): 
  

	 	(i)	a subsidiary or affiliate which has adopted this Plan; 

  

	 	(ii)	a corporation succeeding to the business of Sunoco, Inc.; and/or 

  

	 	(iii)	any subsidiary or affiliate, by merger, consolidation or liquidation or purchase of assets or stock or similar transaction); and 

  
 (b) medical plan benefits (excluding dental coverage),
including COBRA continuation coverage beginning as of the start of the Salary Continuation Period and running concurrently therewith. 
  
 In each case, when contributions are required of all other active Executive Level Employees at the time of the Participant’s Employment Termination
Date, or thereafter, if required of other Executive Level Employees, the Participant shall continue to be responsible for making the required contributions during the Salary Continuation Period in order to be eligible for the coverage. The
Participant also shall be entitled to such outplacement services as deemed appropriate by the Committee. 
  
 Section 4.4 Special Medical Benefit. Participants who have executed and not revoked the release described in Section 3.3 hereof, and who
are fifty (50) or more years of age on the Employment Termination date, with a minimum of ten (10) years of Company Service shall have medical (but not dental) benefits available under the same terms and conditions as other employees not
yet eligible for Medicare coverage who retire under the terms of a Company retirement plan. Subject to modification 

  

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or termination of such medical benefits as generally provided to other employees not yet eligible for Medicare coverage who retire under the terms of a
Company retirement plan, such benefits may continue until such time as the Participant becomes first eligible for Medicare, or the Participant voluntarily cancels coverage, whichever is earliest. 
  
 Section 4.5 Retirement Plans. This Plan shall not govern and
shall in no way affect the Participant’s interest in, or entitlement to benefits under, any qualified or supplemental retirement plans in which the Participant participates, and payments received under any such plan shall not affect a
Participant’s right to any Benefit hereunder. 
  
 Section 4.6 Minimum Benefit. Notwithstanding the provisions of Sections 4.2, 4.3 and 4.4 hereof, the Benefits available under this Plan shall not be less than those determined in accordance with the provisions of the
Company’s Involuntary Termination Plan. If the Participant determines that the benefits under the Company’s Involuntary Termination Plan are more valuable to the Participant than the comparable Benefits set forth in this Plan, then the
provisions used to calculate the Benefits available to the Participant under this Plan shall not apply, and the Benefits available to the Participant under this Plan shall be calculated using only the applicable provisions of the Company’s
Involuntary Termination Plan. 
  
 Section 4.7 Effect on
Other Benefits. There shall not be drawn from the continued provision by the Company of any of the aforementioned Benefits any implication of continued employment, or of continued right to accrual of retirement benefits under the qualified or
supplemental retirement plans, in which the Participant participates, nor shall a Participant accrue vacation days, paid holidays, paid sick days or other similar benefits normally associated with employment for any part of the Salary Continuation
Period during which benefits are payable under this Plan. 
  
 ARTICLE V 
 METHOD AND DURATION OF BENEFIT PAYMENTS 
  
 Section 5.1 Method of Payment. 
 (a) The cash Benefits to which a Participant is entitled, as determined pursuant to Article IV hereof, shall be paid monthly except as
otherwise provided in this Article V. Payment shall be made by mailing to the last address provided by the Participant to the Company, or by direct deposit into a bank account designated by the Participant in writing to the Company. 
  
 (b) Payment of any cash Benefits (that are deferred
compensation for purposes of IRC Section 409A) to any Participant who is a specified employee as defined in IRC Section 409A and the regulations promulgated thereunder shall be made as follows: 
  

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 (i) Cash Benefits that are scheduled to be paid for the period which begins on such
Participant’s separation from service as defined in IRC Section 409A and the regulations promulgated thereunder and ends on the date six months from such Participant’s separation from service, shall not be paid as scheduled, but shall
be accumulated and paid in a lump sum on the date six months after the Participant’s separation from service. 
  
 (ii) Simple interest will be paid on cash Benefits delayed hereunder from the date such payments would have been made to the Participant
but for this subsection (b), to the date of actual payment, at the interest rate used to determine lump sum payments under the Sunoco, Inc. Retirement Plan as of the date of the Participant’s separation from service. 
  
 Section 5.2 Conditions to Entitlement to Benefit. In order to be
eligible to receive full Benefits hereunder, a Participant shall make himself/herself available to the Company and cooperate in any reasonable manner (so as not to unreasonably interfere with subsequent employment) in providing assistance to the
Company after his or her Employment Termination Date in conducting any matters which are pending at such time, and, as provided in Section 3.3, shall execute a release and discharge of the Company from any and all claims, demands or causes of
action other than as to amounts or benefits due to the Participant under any plan, program or contract provided by, or entered into with, the Company. Such release and discharge shall be in such form as is prescribed by the Committee and shall be
executed prior to the payment of any Benefits due hereunder. In addition, no Benefits due hereunder shall be paid to a Participant who is required by Company guidelines to execute an agreement governing the assignment of patents or the disclosure of
confidential information unless an executed copy of such agreement is on file with the Company. 
  
 Section 5.3 Payments to Beneficiaries. Each Executive Level Employee shall designate one or more beneficiaries to receive the Benefits due
hereunder in the event of the Participant’s death prior to the receipt of all such Benefits. Such beneficiary designation shall be made in the manner, and at the time, prescribed by the Committee in its sole discretion. In the absence of an
effective beneficiary designation hereunder, the Participant’s estate shall be deemed to be his or her designated beneficiary. 
  
 ARTICLE VI 
 ADMINISTRATION

  
 Section 6.1 Appointment of the Committee. The
Committee shall consist of three (3) or more persons who may be, but need not be, employees of the Company. The composition of the Committee shall be identical to that of the committee appointed by the Compensation Committee of the
Company’s Board of Directors for the purpose of administering the Company’s Special Executive Severance Plan. 
  

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 Section 6.2 Tenure of the Committee. Committee members shall serve at the pleasure of the
Compensation Committee and may be discharged, with or without Cause, by the Compensation Committee. Committee members may resign at any time on ten (10) days’ written notice. 
  
 Section 5.4 Authority and Duties. It shall be the duty of the Committee, on the basis of information supplied to
it by the Company, to determine the eligibility of each Participant for Benefits under the Plan, to determine the amount of Benefit to which each such Participant may be entitled, and to determine the manner and time of payment of the Benefit
consistent with the provisions hereof. In addition, the exercise of discretion by the Committee need not be uniformly applied to similarly situated Participants. The Company shall make such payments as are certified to it by the Committee to be due
to Participants. The Committee shall have the full power and authority to construe, interpret and administer the Plan, to correct deficiencies therein, to supply omissions and to make factual determinations. All decisions, actions and
interpretations of the Committee shall be final, binding and conclusive upon the parties. 
  
 Section 5.5 Action by the Committee. A majority of the members of the Committee shall constitute a quorum for the transaction of business at a meeting of the Committee. Any action of the Committee may be
taken upon the affirmative vote of a majority of the members of the Committee at a meeting, or at the direction of the Chairperson, without a meeting by mail, telegraph, telephone or electronic communication device; provided that all of the members
of the Committee are informed of their right to vote on the matter before the Committee and of the outcome of the vote thereon. 
  
 Section 5.6 Officers of the Committee. The Compensation Committee shall designate one of the members of the Committee to serve as Chairperson
thereof. The Compensation Committee shall also designate a person to serve as Secretary of the Committee, which person may be, but need not be, a member of the Committee. 
  
 Section 5.7 Compensation of the Committee. Members of the Committee shall receive no compensation for their
services as such. However, all reasonable expenses of the Committee shall be paid or reimbursed by the Company upon proper documentation. The Company shall indemnify members of the Committee against personal liability for actions taken in good faith
in the discharge of their respective duties as members of the Committee and shall provide coverage to them under the Company’s liability insurance program(s). 
  

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 Section 5.8 Records, Reporting and Disclosure. The Committee shall keep all individual and
group records relating to Participants and former Participants and all other records necessary for the proper operation of the Plan. Such records shall be made available to the Company and to each Participant for examination during business hours
except that a Participant shall examine only such records as pertain exclusively to the examining Participant and to the Plan. 
  
 The Committee shall prepare and shall file as required by law or regulation all reports, forms, documents and other items required by ERISA, the Internal
Revenue Code, and every other relevant statute, each as amended, and all regulations thereunder (except that the Company, as payor of the Benefits, shall prepare and distribute to the proper recipients all forms relating to withholding of income or
wage taxes, Social Security taxes, and other amounts which may be similarly reportable). 
  
 Section 5.9 Actions of the Chief Executive Officer. Whenever a determination is required of the Chief Executive Officer under the Plan, such determination shall be made solely at the discretion of the
Chief Executive Officer. In addition, the exercise of discretion by the Chief Executive Officer need not be uniformly applied to similarly situated Participants and shall be final and binding on each Participant or beneficiary(ies) to whom the
determination is directed. 
  
 Section 5.10 Bonding.
The Committee shall arrange any bonding that may be required by law, but no amount in excess of the amount required by law (if any) shall be required by the Plan. 
  
 ARTICLE VII 
 AMENDMENT AND TERMINATION 
  
 Section 7.1 Amendment, Suspension and Termination. The Company, acting by or pursuant to a resolution of the Board of Directors, or a committee thereof delegated such responsibility, retains the right, at any time and from time
to time, to amend, suspend or terminate the Plan in whole or in part, for any reason, and without either the consent of or the prior notification to any Participant. No such amendment shall give the Company the right to recover any amount paid to a
Participant prior to the date of such amendment or to cause the cessation and discontinuance of payments of Benefits to any person or persons under the Plan already receiving Benefits. No action to amend or modify the Plan that is taken after a
Change in Control (as such term is defined in the Special Executive Severance Plan of the Company) or before, but in connection with, a Change in Control, may terminate or reduce the rights of a Participant as of the date of such action with respect
to the Company’s Special Executive Severance Plan or Section 3.3. 
  

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 ARTICLE VIII 
 DUTIES OF THE COMPANY 
  
 Section 8.1 Records. The Company shall supply to the Committee all records and information necessary to the performance of the Committee’s duties. 
  
 Section 8.2 Payment. The Company shall make payments from its general assets to Participants, and shall provide
the Benefits described in Article IV hereof in accordance with the terms of this Plan, as directed by the Committee. 
  
 ARTICLE IX 
 CLAIMS PROCEDURES 
  
 Section 9.1 Application for Benefits. Benefits shall be paid by
the Company following a termination of employment that qualifies the Participant for Benefits. In the event a Participant believes himself/herself eligible for Benefits under this Plan and Benefit payments have not been initiated by the Company, the
Participant may apply for such Benefits by requesting payment of Benefits in writing from the Company. 
  
 Section 9.2 Appeals of Denied Claims for Benefits. In the event that any claim for benefits is denied in whole or in part, the Participant (or
beneficiary, if applicable) whose claim has been so denied shall be notified of such denial in writing by the Committee, within thirty (30) days following submission by the Participant (or beneficiary, if applicable) of such claim to the
Committee. The notice advising of the denial shall specify the reason or reasons for denial, make specific reference to pertinent Plan provisions, describe any additional material or information necessary for the claimant to perfect the claim
(explaining why such material or information is needed), and shall advise the Participant of the procedure for the appeal of such denial. All appeals shall be made by the following procedure: 
  
 (a) The Participant whose claim has been denied shall file
with the Committee a notice of desire to appeal the denial. Such notice shall be filed within sixty (60) days of notification by the Committee of the claim denial, shall be made in writing, and shall set forth all of the facts upon which the
appeal is based. Appeals not timely filed shall be barred. 
  
 (b) The Committee shall, within thirty (30) days of receipt of the Participant’s notice of appeal, establish a hearing date on which the Participant may make an oral presentation to the Committee in support
of his/her appeal. The Participant shall be given not less than ten (10) days’ notice of the date set for the hearing. 
  

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 (c) The Committee shall consider the merits of the claimant’s written and oral
presentations, the merits of any facts or evidence in support of the denial of benefits, and such other facts and circumstances as the Committee shall deem relevant. If the claimant elects not to make an oral presentation, such election shall not be
deemed adverse to his/her interest, and the Committee shall proceed as set forth below as though an oral presentation of the contents of the claimant’s written presentation had been made. 
  
 (d) The Committee shall render a determination upon the
appealed claim, within sixty (60) days of the hearing date, which determination shall be accompanied by a written statement as to the reasons therefor. The determination so rendered shall be binding upon all parties. 
  
 ARTICLE X 
 MISCELLANEOUS 
  
 Section 10.1 Nonalienation of Benefits. None of the payments, benefits or rights of any Participant shall be subject to any claim of any creditor, and, in particular, to the fullest extent permitted by
law, all such payments, benefits and rights shall be free from attachment, garnishment, trustee’s process, or any other legal or equitable process available to any creditor of such Participant. No Participant shall have the right to alienate,
anticipate, commute, pledge, encumber or assign any of the benefits or payments which he/she may expect to receive, contingently or otherwise, under this Plan. 
  

Section 10.2 No Contract of Employment. Neither the establishment of the Plan, nor any modification thereof, nor the creation of any fund,
trust or account, nor the payment of any benefits shall be construed as giving any Participant, or any person whosoever, the right to be retained in the service of the Company, and all Participants shall remain subject to discharge to the same
extent as if the Plan had never been adopted. 
  
 Section 10.3 Severability of Provisions. If any provision of this Plan shall be held invalid or unenforceable, such invalidity or unenforceability shall not affect any other provisions hereof, and this Plan shall be construed
and enforced as if such provisions had not been included. 
  

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 Section 10.4 Successors, Heirs, Assigns, and Personal Representatives. This Plan shall be
binding upon the heirs, executors, administrators, successors and assigns of the parties, including each Participant, present and future. Unless the Chief Executive Officer directs otherwise, the Company shall require any successor or successors
(whether direct or indirect, by purchase, merger, consolidation or otherwise) to all or substantially all of the business and/or assets of the Company, to acknowledge expressly that this Plan is binding upon and enforceable against the Company in
accordance with the terms hereof, and to become jointly and severally obligated with the Company to perform under this Plan in the same manner and to the same extent that the Company would be required to perform if no such succession had taken
place. 
  
 Section 10.5 Headings and Captions. The
headings and captions herein are provided for reference and convenience only, shall not be considered part of the Plan, and shall not be employed in the construction of the Plan. 
  
 Section 10.6 Gender and Number. Except where otherwise clearly indicated by context, the masculine and the
neuter shall include the feminine and the neuter, the singular shall include the plural, and vice-versa. 
  
 Section 10.7 Unfunded Plan. The Plan shall not be funded. The Company may, but shall not be required to, set aside or earmark an amount
necessary to provide the Benefits specified herein (including the establishment of trusts). In any event, no Participant shall have any right to, or interest in, any assets of the Company which may be applied by the Company to the payment of
Benefits. 
  
 Section 10.8 Payments to Incompetent
Persons, Etc. Any benefit payable to or for the benefit of a minor, an incompetent person or other person incapable of receipting therefor shall be deemed paid when paid to such person’s guardian or to the party providing or reasonably
appearing to provide for the care of such person, and such payment shall fully discharge the Company, the Committee and all other parties with respect thereto. 
  

Section 10.9 Lost Payees. A Benefit shall be deemed forfeited if the Committee is unable to locate a Participant to whom a Benefit is due.
Such Benefit shall be reinstated if application is made by the Participant for the forfeited Benefit while this Plan is in operation. 
  
 Section 10.10 Controlling Law. This Plan shall be construed and enforced according to the laws of the Commonwealth of Pennsylvania to the
extent not preempted by United States federal law. 
  

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