Document:

Form for Restricted Stock Notice

 Exhibit 10.2 
 PLANAR SYSTEMS, INC. 
 2009 INCENTIVE PLAN

 SECTION 1. PURPOSE 
 The purpose of the Planar Systems, Inc. 2009 Incentive Plan is to attract, retain and motivate employees, officers, directors, consultants, agents, advisors and independent contractors of the Company and
its Related Companies by providing them the opportunity to acquire a proprietary interest in the Company and to align their interests and efforts to the long-term interests of the Company’s shareholders. 
 SECTION 2. DEFINITIONS 
 Certain capitalized terms used in the Plan have the meanings set forth in Appendix A. 
 SECTION 3.
ADMINISTRATION 
 3.1 Administration of the Plan 
 (a) The Plan shall be administered by the Board or the Compensation Committee, which shall be composed of two or more directors, each of whom is a “non-employee director” within the meaning of
Rule 16b-3(b)(3) promulgated under the Exchange Act, or any successor definition adopted by the Securities and Exchange Commission, and an “outside director” within the meaning of Section 162(m) of the Code, or any successor provision
thereto. 
 (b) Notwithstanding the foregoing, the Board may delegate concurrent responsibility for administering the Plan, including with
respect to designated classes of Eligible Persons, to different committees consisting of one or more members of the Board, subject to such limitations as the Board deems appropriate, except with respect to Awards to Participants who are subject to
Section 16 of the Exchange Act or Awards granted pursuant to Section 16 of the Plan. Members of any committee shall serve for such term as the Board may determine, subject to removal by the Board at any time. To the extent consistent with
applicable law, the Board or the Compensation Committee may authorize one or more officers of the Company to grant Awards to designated classes of Eligible Persons, within limits specifically prescribed by the Board or the Compensation Committee;
provided, however, that no such officer shall have or obtain authority to grant Awards to himself or herself or to any person subject to Section 16 of the Exchange Act. All references in the Plan to the “Committee” shall be, as
applicable, to the Board, the Compensation Committee or any other committee or any officer to whom authority has been delegated to administer the Plan. 

 3.2 Administration and Interpretation by Committee 
 (a) Except for the terms and conditions explicitly set forth in the Plan and to the extent permitted by applicable law, the Committee shall have full power
and exclusive authority, subject to such orders or resolutions not inconsistent with the provisions of the Plan as may from time to time be adopted by the Board or a Committee composed of members of the Board, to (i) select the Eligible Persons
to whom Awards may from time to time be granted under the Plan; (ii) determine the type or types of Award to be granted to each Participant under the Plan; (iii) determine the number of shares of Common Stock to be covered by each Award
granted under the Plan; (iv) determine the terms and conditions of any Award granted under the Plan; (v) approve the forms of notice or agreement for use under the Plan; (vi) determine whether, to what extent and under what
circumstances Awards may be settled in cash, shares of Common Stock or other property or canceled or suspended; (vii) interpret and administer the Plan and any instrument evidencing an Award, notice or agreement executed or entered into under
the Plan; (viii) establish such rules and regulations as it shall deem appropriate for the proper administration of the Plan; (ix) delegate ministerial duties to such of the Company’s employees as it so determines; and (x) make
any other determination and take any other action that the Committee deems necessary or desirable for administration of the Plan. 
 (b) In no
event, however, shall the Committee have the right, without shareholder approval, to (i) lower the price of an option after it is granted, except in connection with adjustments provided in Section 15.1; (ii) take any other action that
is treated as a repricing under generally accepted accounting principles; or (iii) cancel an option at a time when its strike price exceeds the fair market value of the underlying stock, in exchange for another option, restricted stock, or
other equity, unless the cancellation and exchange occurs in connection with a merger, acquisition, spin-off or other similar corporate transaction. 
 (c) The effect on the vesting of an Award of a Company-approved leave of absence or a Participant’s reduction in hours of employment or service shall be determined by the Company’s chief human resources officer or other person
performing that function or, with respect to directors or executive officers, by the Compensation Committee, whose determination shall be final. 
 (d) Decisions of the Committee shall be final, conclusive and binding on all persons, including the Company, any Participant, any shareholder and any Eligible Person. A majority of the members of the Committee may determine its actions.

 SECTION 4. SHARES SUBJECT TO THE PLAN 
 4.1 Authorized Number of Shares 
 Subject to adjustment from time to time as provided in
Section 15.1, the number of shares of Common Stock available for issuance under the Plan shall be: 
 (a) 1,300,000 shares; plus

  

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 (b) any shares subject to outstanding awards under the Company’s Amended and Restated 1993 Stock
Incentive Plan for Nonemployee Directors, Clarity Visual Systems, Inc. 1995 Stock Incentive Plan, Clarity Visual Systems, Inc. Non-Qualified Stock Option Plan, 1996 Stock Incentive Plan, 1999 Nonqualified Stock Option Plan or 2007 New Hire Incentive
Plan, or any individual incentive award, (together, the “Prior Plans”) on the Effective Date and any shares subject to outstanding awards under the Prior Plans on the Effective Date that cease to be subject to such awards (other
than by reason of exercise or settlement of the awards to the extent they are exercised for or settled in shares), subject to adjustment from time to time as provided in Section 15.1, which shares shall cease, as of such date, to be available
for grant and issuance under the Prior Plans, but shall be available for issuance under the Plan. 
 Shares issued under the Plan shall be drawn
from authorized and unissued shares. 
 4.2 Share Usage 
 (a) Shares of Common Stock covered by an Award shall not be counted as used unless and until they are actually issued and delivered to a Participant. If any Award lapses, expires, terminates or is
canceled prior to the issuance of shares thereunder or if shares of Common Stock are issued under the Plan to a Participant and thereafter are forfeited to or otherwise reacquired by the Company, the shares subject to such Awards and the forfeited
or reacquired shares shall again be available for issuance under the Plan. Any shares of Common Stock (i) tendered by a Participant or retained by the Company as full or partial payment to the Company for the purchase price of an Award or to
satisfy tax withholding obligations in connection with an Award, or (ii) covered by an Award that is settled in cash, or in a manner such that some or all of the shares of Common Stock covered by the Award are not issued, shall be available for
Awards under the Plan. The number of shares of Common Stock available for issuance under the Plan shall not be reduced to reflect any dividends or dividend equivalents that are reinvested into additional shares of Common Stock or credited as
additional shares of Common Stock subject or paid with respect to an Award. 
 (b) The Committee shall also, without limitation, have the
authority to grant Awards as an alternative to or as the form of payment for grants or rights earned or due under other compensation plans or arrangements of the Company. 
 (c) Notwithstanding any other provision of the Plan to the contrary, the Committee may grant Substitute Awards under the Plan. Substitute Awards shall not reduce the number of shares authorized for
issuance under the Plan. In the event that an Acquired Entity has shares available for awards or grants under one or more preexisting plans not adopted in contemplation of such acquisition or combination, then, to the extent determined by the Board
or the Compensation Committee, the shares available for grant pursuant to the terms of such preexisting plan (as adjusted, to the extent appropriate, using the exchange ratio or other adjustment or valuation ratio or formula used in such acquisition
or combination to determine the consideration payable to holders of common stock of the entities that are parties to such acquisition or combination) may be used for Awards under the Plan and shall

  

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not reduce the number of shares of Common Stock authorized for issuance under the Plan; provided, however, that Awards using such available shares shall not be made after the date awards or
grants could have been made under the terms of such preexisting plans, absent the acquisition or combination, and shall only be made to individuals who were not employees or directors of the Company or a Related Company prior to such acquisition or
combination. In the event that a written agreement between the Company and an Acquired Entity pursuant to which a merger or consolidation or statutory share exchange is completed is approved by the Board and that agreement sets forth the terms and
conditions of the substitution for or assumption of outstanding awards of the Acquired Entity, those terms and conditions shall be deemed to be the action of the Committee without any further action by the Committee, except as may be required for
compliance with Rule 16b-3 under the Exchange Act, and the persons holding such awards shall be deemed to be Participants. 
 (d)
Notwithstanding the other provisions in this Section 4.2 to the contrary, the maximum number of shares that may be issued upon the exercise of Incentive Stock Options shall equal the aggregate share number stated in Section 4.1, subject to
adjustment as provided in Section 15.1. 
 SECTION 5. ELIGIBILITY 
 An Award may be granted to any employee, officer or director of the Company or a Related Company whom the Committee from time to time selects. An Award may
also be granted to any consultant, agent, advisor or independent contractor for bona fide services rendered to the Company or any Related Company that (a) are not in connection with the offer and sale of the Company’s securities in a
capital-raising transaction and (b) do not directly or indirectly promote or maintain a market for the Company’s securities. 
 SECTION 6. AWARDS 
 6.1 Form, Grant and Settlement of Awards 
 The Committee shall have the authority, in its sole discretion, to determine the type or types of Awards to be granted under the Plan. Such Awards may be
granted either alone or in addition to or in tandem with any other type of Award. Any Award settlement may be subject to such conditions, restrictions and contingencies as the Committee shall determine. 
 6.2 Evidence of Awards 
 Awards granted
under the Plan shall be evidenced by a written, including an electronic, instrument that shall contain such terms, conditions, limitations and restrictions as the Committee shall deem advisable and that are not inconsistent with the Plan.

  

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 6.3 Dividends and Distributions 
 Participants may, if the Committee so determines, be credited with dividends paid with respect to shares of Common Stock underlying an Award in a manner determined by the Committee in its sole discretion.
The Committee may apply any restrictions to the dividends or dividend equivalents that the Committee deems appropriate. The Committee, in its sole discretion, may determine the form of payment of dividends or dividend equivalents, including cash,
shares of Common Stock, Restricted Stock or Stock Units. Notwithstanding the foregoing, the right to any dividends or dividend equivalents declared and paid on the number of shares underlying an Option or a Stock Appreciation Right may not be
contingent, directly or indirectly, on the exercise of the Option or Stock Appreciation Right, and must comply with or qualify for an exemption under Section 409A. Also notwithstanding the foregoing, the right to any dividends or dividend
equivalents declared and paid on Restricted Stock must (i) be paid at the same time they are paid to other shareholders and (ii) comply with or qualify for an exemption under Section 409A. 
 SECTION 7. OPTIONS 
 7.1
Grant of Options 
 The Committee may grant Options designated as Incentive Stock Options or Nonqualified Stock Options. 
 7.2 Option Exercise Price 
 Options shall be
granted with an exercise price per share not less than 100% of the Fair Market Value of the Common Stock on the Grant Date (and shall not be less than the minimum exercise price required by Section 422 of the Code with respect to Incentive
Stock Options), except in the case of Substitute Awards. 
 7.3 Term of Options 
 Subject to earlier termination in accordance with the terms of the Plan and the instrument evidencing the Option, the maximum term of an Option shall be ten
years from the Grant Date. For Incentive Stock Options, the Option Term shall be determined in accordance with Section 8. 
 7.4
Exercise of Options 
 The Committee shall establish and set forth in each instrument that evidences an Option the time at which, or the
installments in which, the Option shall vest and become exercisable, any of which provisions may be waived or modified by the Committee at any time. 
 To the extent an Option has vested and become exercisable, the Option may be exercised in whole or from time to time in part by delivery to or as directed or approved by the Company of a properly executed stock option exercise agreement or
notice, in a form and in accordance with procedures established by the Committee, setting forth the number of shares with respect to which the Option is being exercised, the restrictions imposed on the shares purchased under such exercise agreement
or notice, if any, and such representations and agreements as may be required by the Committee, accompanied by payment in full as described in Sections 7.5. An Option may be exercised only for whole shares and may not be exercised for less than
a reasonable number of shares at any one time, as determined by the Committee. 
  

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 7.5 Payment of Exercise Price 
 The exercise price for shares purchased under an Option shall be paid in full to the Company by delivery of consideration equal to the product of the Option exercise price and the number of shares
purchased. Such consideration must be paid before the Company will issue the shares being purchased and must be in a form or a combination of forms acceptable to the Committee for that purchase, which forms may include: 
 (a) cash; 
 (b) check or wire transfer;

 (c) having the Company withhold shares of Common Stock that would otherwise be issued on exercise of the Option that have an aggregate Fair
Market Value equal to the aggregate exercise price of the shares being purchased under the Option; 
 (d) tendering (either actually or, so long
as the Common Stock is registered under Section 12(b) or 12(g) of the Exchange Act, by attestation) shares of Common Stock owned by the Participant that have an aggregate Fair Market Value equal to the aggregate exercise price of the shares
being purchased under the Option; 
 (e) so long as the Common Stock is registered under Section 12(b) or 12(g) of the Exchange Act, and to
the extent permitted by law, delivery of a properly executed exercise agreement or notice, together with irrevocable instructions to a brokerage firm designated or approved by the Company to deliver promptly to the Company the aggregate amount of
proceeds to pay the Option exercise price and any withholding tax obligations that may arise in connection with the exercise, all in accordance with the regulations of the Federal Reserve Board; or 
 (f) such other consideration as the Committee may permit. 
 7.6 Effect of Termination of Service 
 The Committee shall establish and set forth in each instrument that evidences an Option
whether the Option shall continue to be exercisable, and the terms and conditions of such exercise, after a Termination of Service, any of which provisions may be waived or modified by the Committee at any time. 
 If the exercise of the Option following a Participant’s Termination of Service, but while the Option is otherwise exercisable, would be prohibited
solely because the issuance of Common Stock would violate the registration requirements under the Securities Act or similar requirements under the laws of any state or foreign jurisdiction, then the Option shall remain

  

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exercisable until the earlier of (a) the Option Expiration Date and (b) the expiration of a period of three months (or such longer period of time as determined by the Committee in its
sole discretion) after the Participant’s Termination of Service during which the exercise of the Option would not be in violation of such Securities Act or other requirements. 
 SECTION 8. INCENTIVE STOCK OPTION LIMITATIONS 
 Notwithstanding any
other provision of the Plan to the contrary, the terms and conditions of any Incentive Stock Options shall in addition comply in all respects with Section 422 of the Code, or any successor provision, and any applicable regulations thereunder.

 SECTION 9. STOCK APPRECIATION RIGHTS 
 9.1 Grant of Stock Appreciation Rights 
 The Committee may grant Stock Appreciation Rights
to Participants at any time on such terms and conditions as the Committee shall determine in its sole discretion. An SAR may be granted in tandem with an Option or alone (“freestanding”). The grant price of a tandem SAR shall be equal to
the exercise price of the related Option. The grant price of a freestanding SAR shall be established in accordance with procedures for Options set forth in Section 7.2. An SAR may be exercised upon such terms and conditions and for the term as
the Committee determines in its sole discretion; provided, however, that, subject to earlier termination in accordance with the terms of the Plan and the instrument evidencing the SAR, the maximum term of a freestanding SAR shall be ten years, and
in the case of a tandem SAR, (a) the term shall not exceed the term of the related Option and (b) the tandem SAR may be exercised for all or part of the shares subject to the related Option upon the surrender of the right to exercise the
equivalent portion of the related Option, except that the tandem SAR may be exercised only with respect to the shares for which its related Option is then exercisable. 
 9.2 Payment of SAR Amount 
 Upon the exercise of an SAR, a Participant shall be entitled to
receive payment in an amount determined by multiplying: (a) the difference between the Fair Market Value of the Common Stock on the date of exercise over the grant price of the SAR by (b) the number of shares with respect to which the SAR
is exercised. At the discretion of the Committee as set forth in the instrument evidencing the Award, the payment upon exercise of an SAR may be in cash, in shares, in some combination thereof or in any other manner approved by the Committee in its
sole discretion. 
 9.3 Waiver of Restrictions 
 The Committee, in its sole discretion, may waive any other terms, conditions or restrictions on any SAR under such circumstances and subject to such terms and conditions as the Committee shall deem
appropriate. 
  

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 SECTION 10. STOCK AWARDS, RESTRICTED STOCK AND STOCK UNITS 
 10.1 Grant of Stock Awards, Restricted Stock and Stock Units 
 The Committee may grant Stock Awards, Restricted Stock and Stock Units on such terms and conditions and subject to such repurchase or forfeiture restrictions, if any, which may be based on continuous
service with the Company or a Related Company or the achievement of any performance goals, as the Committee shall determine in its sole discretion, which terms, conditions and restrictions shall be set forth in the instrument evidencing the Award.

 10.2 Vesting of Restricted Stock and Stock Units 
 Upon the satisfaction of any terms, conditions and restrictions prescribed with respect to Restricted Stock or Stock Units, or upon a Participant’s release from any terms, conditions and restrictions
of Restricted Stock or Stock Units, as determined by the Committee (a) the shares of Restricted Stock covered by each Award of Restricted Stock shall become freely transferable by the Participant, and (b) Stock Units shall be paid in
shares of Common Stock or, if set forth in the instrument evidencing the Awards, in cash or a combination of cash and shares of Common Stock. Any fractional shares subject to such Awards shall be paid to the Participant in cash. 
 10.3 Waiver of Restrictions 
 The Committee,
in its sole discretion, may waive the repurchase or forfeiture period and any other terms, conditions or restrictions on any Restricted Stock or Stock Unit under such circumstances and subject to such terms and conditions as the Committee shall deem
appropriate. 
 SECTION 11. PERFORMANCE AWARDS 
 11.1 Performance Shares 
 The Committee may grant Awards of Performance Shares, designate
the Participants to whom Performance Shares are to be awarded and determine the number of Performance Shares and the terms and conditions of each such Award. Performance Shares shall consist of a unit valued by reference to a designated number of
shares of Common Stock, the value of which may be paid to the Participant by delivery of shares of Common Stock or, if set forth in the instrument evidencing the Award, of such property as the Committee shall determine, including, without
limitation, cash, shares of Common Stock, other property, or any combination thereof, upon the attainment of performance goals, as established by the Committee, and other terms and conditions specified by the Committee. The amount to be paid under
an Award of Performance Shares may be adjusted on the basis of such further consideration as the Committee shall determine in its sole discretion. 
  

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 11.2 Performance Units 
 The Committee may grant Awards of Performance Units, designate the Participants to whom Performance Units are to be awarded and determine the number of Performance Units and the terms and conditions of
each such Award. Performance Units shall consist of a unit valued by reference to a designated amount of property other than shares of Common Stock, which value may be paid to the Participant by delivery of such property as the Committee shall
determine, including, without limitation, cash, shares of Common Stock, other property, or any combination thereof, upon the attainment of performance goals, as established by the Committee, and other terms and conditions specified by the Committee.
The amount to be paid under an Award of Performance Units may be adjusted on the basis of such further consideration as the Committee shall determine in its sole discretion. 
 SECTION 12. OTHER STOCK OR CASH-BASED AWARDS 
 Subject to the terms of
the Plan and such other terms and conditions as the Committee deems appropriate, the Committee may grant other incentives payable in cash or in shares of Common Stock under the Plan. 
 SECTION 13. WITHHOLDING 
 The Company may require the Participant to
pay to the Company the amount of (a) any taxes that the Company is required by applicable federal, state, local or foreign law to withhold with respect to the grant, vesting or exercise of an Award (“tax withholding obligations”) and
(b) any amounts due from the Participant to the Company or to any Related Company (“other obligations”). Notwithstanding any other provision of the Plan to the contrary, the Company shall not be required to issue any shares of Common
Stock or otherwise settle an Award under the Plan until such tax withholding obligations and other obligations are satisfied. 
 The Committee
may permit or require a Participant to satisfy all or part of the Participant’s tax withholding obligations and other obligations by (a) paying cash to the Company, (b) having the Company withhold an amount from any cash amounts
otherwise due or to become due from the Company to the Participant, (c) having the Company withhold a number of shares of Common Stock that would otherwise be issued to the Participant (or become vested, in the case of Restricted Stock) having
a Fair Market Value equal to the tax withholding obligations and other obligations, or (d) surrendering a number of shares of Common Stock the Participant already owns having a value equal to the tax withholding obligations and other
obligations. The value of the shares so withheld or tendered may not exceed the employer’s minimum required tax withholding rate. 
 SECTION 14. ASSIGNABILITY 
 No Award or interest in an Award may be sold, assigned, pledged (as collateral for a loan or as
security for the performance of an obligation or for any other purpose) or transferred by a Participant or made subject to attachment or similar proceedings otherwise than by will or by the applicable laws of descent and distribution, except to the
extent the Participant designates

  

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one or more beneficiaries on a Company-approved form who may exercise the Award or receive payment under the Award after the Participant’s death. During a Participant’s lifetime, an
Award may be exercised only by the Participant. Notwithstanding the foregoing and to the extent permitted by Section 422 of the Code, the Committee, in its sole discretion, may permit a Participant to assign or transfer an Award subject to such
terms and conditions as the Committee shall specify. 
 SECTION 15. ADJUSTMENTS 
 15.1 Adjustment of Shares 
 In the event, at
any time or from time to time, a stock dividend, stock split, spin-off, combination or exchange of shares, recapitalization, merger, consolidation, statutory share exchange, distribution to shareholders other than a normal cash dividend, or other
change in the Company’s corporate or capital structure results in (a) the outstanding shares of Common Stock, or any securities exchanged therefor or received in their place, being exchanged for a different number or kind of securities of
the Company or (b) new, different or additional securities of the Company or any other company being received by the holders of shares of Common Stock, then the Committee shall make proportional adjustments in (i) the maximum number and
kind of securities available for issuance under the Plan; (ii) the maximum number and kind of securities issuable as Incentive Stock Options as set forth in Section 4.2; (iii) the maximum number and kind of securities set forth in
Section 4.3; (iv) the maximum numbers and kind of securities set forth in Section 16.3; and (v) the number and kind of securities that are subject to any outstanding Award and the per share price of such securities, without any
change in the aggregate price to be paid therefor. The determination by the Committee, as to the terms of any of the foregoing adjustments shall be conclusive and binding. 
 Notwithstanding the foregoing, the issuance by the Company of shares of stock of any class, or securities convertible into shares of stock of any class, for cash or property, or for labor or services
rendered, either upon direct sale or upon the exercise of rights or warrants to subscribe therefor, or upon conversion of shares or obligations of the Company convertible into such shares or other securities, shall not affect, and no adjustment by
reason thereof shall be made with respect to, outstanding Awards. Also notwithstanding the foregoing, a dissolution or liquidation of the Company or a Company Transaction shall not be governed by this Section 15.1 but shall be governed by
Sections 15.2 and 15.3, respectively. 
 15.2 Dissolution or Liquidation 
 To the extent not previously exercised or settled, and unless otherwise determined by the Committee in its sole discretion, Awards shall terminate
immediately prior to the dissolution or liquidation of the Company. To the extent a vesting condition, forfeiture provision or repurchase right applicable to an Award has not been waived by the Committee, the Award shall be forfeited immediately
prior to the consummation of the dissolution or liquidation. 
  

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 15.3 Change in Control 
 Notwithstanding any other provision of the Plan to the contrary, unless the Committee shall determine otherwise in the instrument evidencing the Award or in a written employment, services or other
agreement between the Participant and the Company or a Related Company, in the event of a Change in Control: 
 (a) All outstanding Awards,
other than Performance Shares and Performance Units, shall become fully and immediately exercisable, and all applicable restrictions or forfeiture provisions shall lapse, immediately prior to the Change in Control and shall terminate at the
effective time of the Change in Control; provided, however, that with respect to a Change in Control that is a Company Transaction, such Awards shall become fully and immediately exercisable, and all applicable restrictions or forfeiture provisions
shall lapse, only if and to the extent such Awards are not converted, assumed or replaced by the Successor Company. 
 For the purposes of this
Section 15.3(a), an Award shall be considered converted, assumed or replaced by the Successor Company if following the Company Transaction the option or right confers the right to purchase or receive, for each share of Common Stock subject to
the Award immediately prior to the Company Transaction, the consideration (whether stock, cash or other securities or property) received in the Company Transaction by holders of Common Stock for each share held on the effective date of the
transaction (and if holders were offered a choice of consideration, the type of consideration chosen by the holders of a majority of the outstanding shares); provided, however, that if such consideration received in the Company Transaction is not
solely common stock of the Successor Company, the Committee may, with the consent of the Successor Company, provide for the consideration to be received upon the exercise of the Option, for each share of Common Stock subject thereto, to be solely
common stock of the Successor Company substantially equal in fair market value to the per share consideration received by holders of Common Stock in the Company Transaction. The determination of such substantial equality of value of consideration
shall be made by the Committee, and its determination shall be conclusive and binding. 
 (b) All Performance Shares or Performance Units earned
and outstanding as of the date the Change in Control is determined to have occurred and for which the payout level has been determined shall be payable in full in accordance with the payout schedule pursuant to the instrument evidencing the Award.
Any remaining Performance Shares or Performance Units (including any applicable performance period) for which the payout level has not been determined shall be payable in accordance with the terms of the instrument evidencing the Award. Any existing
deferrals or other restrictions not waived by the Committee in its sole discretion shall remain in effect. 
 (c) Notwithstanding the foregoing,
the Committee, in its sole discretion, may instead provide in the event of a Change in Control that is a Company Transaction that a Participant’s outstanding Awards shall terminate upon or immediately prior to such Company Transaction and that
such Participant shall receive, in exchange therefor, a cash payment equal to the

  

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amount (if any) by which (x) the value of the per share consideration received by holders of Common Stock in the Company Transaction, or, in the event the Company Transaction is one of the
transactions listed under subsection (c) in the definition of Company Transaction or otherwise does not result in direct receipt of consideration by holders of Common Stock, the value of the deemed per share consideration received, in each case
as determined by the Committee in its sole discretion, multiplied by the number of shares of Common Stock subject to such outstanding Awards (to the extent then vested and exercisable or whether or not then vested and exercisable, as determined by
the Committee in its sole discretion) exceeds (y) if applicable, the respective aggregate exercise price or grant price for such Awards. 
 15.4 Further Adjustment of Awards 
 Subject to Sections 15.2 and 15.3, the Committee shall have the discretion, exercisable
at any time before a sale, merger, consolidation, a statutory share exchange, reorganization, liquidation, dissolution or change of control of the Company, as defined by the Committee, to take such further action as it determines to be necessary or
advisable with respect to Awards. Such authorized action may include (but shall not be limited to) establishing, amending or waiving the type, terms, conditions or duration of, or restrictions on, Awards so as to provide for earlier, later, extended
or additional time for exercise, lifting restrictions and other modifications, and the Committee may take such actions with respect to all Participants, to certain categories of Participants or only to individual Participants. The Committee may take
such action before or after granting Awards to which the action relates and before or after any public announcement with respect to such sale, merger, consolidation, reorganization, liquidation, dissolution or change of control that is the reason
for such action. 
 15.5 No Limitations 
 The grant of Awards shall in no way affect the Company’s right to adjust, reclassify, reorganize or otherwise change its capital or business structure or to merge, consolidate, dissolve, liquidate or sell or transfer all or any part of
its business or assets. 
 15.6 Fractional Shares 
 In the event of any adjustment in the number of shares covered by any Award, each such Award shall cover only the number of full shares resulting from such adjustment. 
 15.7 Section 409A 
 Notwithstanding any
other provision of the Plan to the contrary, (a) any adjustments made pursuant to this Section 15 to Awards that are considered “deferred compensation” within the meaning of Section 409A shall be made in compliance with the
requirements of Section 409A and (b) any adjustments made pursuant to this Section 15 to Awards that are not considered “deferred compensation” subject to Section 409A shall be made in such a manner as to ensure that
after such adjustment the Awards either (i) continue not to be subject to Section 409A or (ii) comply with the requirements of Section 409A. 
  

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 SECTION 16. CODE SECTION 162(m) PROVISIONS 
 Notwithstanding any other provision of the Plan to the contrary, if the Committee determines, at the time Awards are granted to a Participant who is, or is
likely to be as of the end of the tax year in which the Company would claim a tax deduction in connection with such Award, a Covered Employee, then the Committee may provide that this Section 16 is applicable to such Award. 
 16.1 Performance Criteria 
 If an Award is
subject to this Section 16, then the lapsing of restrictions thereon and the distribution of cash, shares of Common Stock or other property pursuant thereto, as applicable, shall be subject to the achievement of one or more objective
performance goals established by the Committee, which shall be based on the attainment of specified levels of one of or any combination of the following “performance criteria” for the Company as a whole or any business unit of the Company,
as reported or calculated by the Company: cash flows (including, but not limited to, operating cash flow, free cash flow or cash flow return on capital); working capital; earnings per share; book value per share; operating income (including or
excluding depreciation, amortization, extraordinary items, restructuring charges or other expenses); revenues; operating margins; gross margins; return on assets; return on equity; debt; debt plus equity; market or economic value added; stock price
(including appreciation); total shareholder return; cost control; strategic initiatives; market share; net income; return on invested capital; improvements in capital structure; or customer satisfaction, employee satisfaction, services performance,
subscriber, cash management or asset management metrics (together, the “Performance Criteria”). 
 Such performance goals also
may be based on the achievement of specified levels of Company performance (or performance of an applicable affiliate or business unit of the Company) under one or more of the Performance Criteria described above relative to the performance of other
corporations. Such performance goals shall be set by the Committee within the time period prescribed by, and shall otherwise comply with the requirements of, Section 162(m) of the Code, or any successor provision thereto, and the regulations
thereunder. 
 The Committee may provide in any such Award that any evaluation of performance may include or exclude any of the following events
that occurs during a performance period: (i) asset write-downs, (ii) litigation or claim judgments or settlements, (iii) the effect of changes in tax laws, accounting principles, or other laws or provisions affecting reported results,
(iv) any reorganization and restructuring programs, (v) non-cash accounting charges, (vi) extraordinary nonrecurring items as described in Accounting Principles Board Opinion No. 30 and/or in Management’s Discussion and
Analysis of Financial Condition and Results of Operations appearing in the Company’s annual report to shareholders for the applicable year, (vii) acquisitions or divestitures, (viii) foreign exchange gains and losses, and
(ix) gains and losses on asset sales. To the extent such inclusions or exclusions affect Awards to Covered Employees, they shall be prescribed in a form that satisfies the requirements for “performance-based compensation” within the
meaning of Section 162(m)(4)(C) of the Code, or any successor provision thereto. 
  

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 16.2 Adjustment of Awards 
 Notwithstanding any provision of the Plan other than Section 15, with respect to any Award that is subject to this Section 16, the Committee may adjust downwards, but not upwards, the amount
payable pursuant to such Award, and the Committee may not waive the achievement of the applicable performance goals except in the case of the death or disability of the Covered Employee. 
 16.3 Limitations 
 Subject to adjustment from time to time as provided in Section 15.1,
no Covered Employee may be granted Awards other than Performance Units subject to this Section 16 in any calendar year period with respect to more than 750,000 shares of Common Stock for such Awards, except that the Company may make additional
onetime grants of such Awards for up to 750,000 shares to newly hired or newly promoted individuals, and the maximum dollar value payable with respect to Performance Units or other awards payable in cash subject to this Section 16 granted
to any Covered Employee in any one calendar year is $2,500,000. 
 The Committee shall have the power to impose such other restrictions on
Awards subject to this Section 16 as it may deem necessary or appropriate to ensure that such Awards satisfy all requirements for “performance-based compensation” within the meaning of Section 162(m)(4)(C) of the Code, or any
successor provision thereto. 
 SECTION 17. AMENDMENT AND TERMINATION 
 17.1 Amendment, Suspension or Termination 
 The Board or the Compensation Committee may amend, suspend or terminate the Plan or any portion of the Plan at any time and in such respects as it shall deem advisable; provided, however, that, to the extent required by applicable law,
regulation or stock exchange rule, shareholder approval shall be required for any amendment to the Plan; and provided, further, that any amendment that requires shareholder approval may be made only by the Board. Subject to Section 17.3, the
Committee may amend the terms of any outstanding Award, prospectively or retroactively. 
 17.2 Term of the Plan 
 Unless sooner terminated as provided herein, the Plan shall terminate ten years from the Effective Date. After the Plan is terminated, no future Awards may
be granted, but Awards previously granted shall remain outstanding in accordance with their applicable terms and conditions and the Plan’s terms and conditions. Notwithstanding the foregoing, no Incentive Stock Options may be granted more than
ten years after the later of (a) the Effective Date and (b) the approval by the shareholders of any amendment to the Plan that constitutes the adoption of a new plan for purposes of Section 422 of the Code. 
  

 -14- 

 17.3 Consent of Participant 
 The amendment, suspension or termination of the Plan or a portion thereof or the amendment of an outstanding Award shall not, without the Participant’s consent, materially adversely affect any rights
under any Award theretofore granted to the Participant under the Plan. Any change or adjustment to an outstanding Incentive Stock Option shall not, without the consent of the Participant, be made in a manner so as to constitute a
“modification” that would cause such Incentive Stock Option to fail to continue to qualify as an Incentive Stock Option. Notwithstanding the foregoing, any adjustments made pursuant to Section 15 shall not be subject to these
restrictions. 
 SECTION 18. GENERAL 
 18.1 No Individual Rights 
 No individual or Participant shall have any claim to be granted
any Award under the Plan, and the Company has no obligation for uniformity of treatment of Participants under the Plan. 
 Furthermore, nothing
in the Plan or any Award granted under the Plan shall be deemed to constitute an employment contract or confer or be deemed to confer on any Participant any right to continue in the employ of, or to continue any other relationship with, the Company
or any Related Company or limit in any way the right of the Company or any Related Company to terminate a Participant’s employment or other relationship at any time, with or without Cause. 
 18.2 Issuance of Shares 
 Notwithstanding
any other provision of the Plan, the Company shall have no obligation to issue or deliver any shares of Common Stock under the Plan or make any other distribution of benefits under the Plan unless, in the opinion of the Company’s counsel, such
issuance, delivery or distribution would comply with all applicable laws (including, without limitation, the requirements of the Securities Act or the laws of any state or foreign jurisdiction) and the applicable requirements of any securities
exchange or similar entity. 
 The Company shall be under no obligation to any Participant to register for offering or resale or to qualify for
exemption under the Securities Act, or to register or qualify under the laws of any state or foreign jurisdiction, any shares of Common Stock, security or interest in a security paid or issued under, or created by, the Plan, or to continue in effect
any such registrations or qualifications if made. 
  

 -15- 

 As a condition to the exercise of an Option or any other receipt of Common Stock pursuant to an Award under
the Plan, the Company may require (a) the Participant to represent and warrant at the time of any such exercise or receipt that such shares are being purchased or received only for the Participant’s own account and without any present
intention to sell or distribute such shares and (b) such other action or agreement by the Participant as may from time to time be necessary to comply with the federal, state and foreign securities laws. At the option of the Company, a
stop-transfer order against any such shares may be placed on the official stock books and records of the Company, and a legend indicating that such shares may not be pledged, sold or otherwise transferred, unless an opinion of counsel is provided
(concurred in by counsel for the Company) stating that such transfer is not in violation of any applicable law or regulation, may be stamped on stock certificates to ensure exemption from registration. The Committee may also require the Participant
to execute and deliver to the Company a purchase agreement or such other agreement as may be in use by the Company at such time that describes certain terms and conditions applicable to the shares. 
 To the extent the Plan or any instrument evidencing an Award provides for issuance of stock certificates to reflect the issuance of shares of Common Stock,
the issuance may be effected on a noncertificated basis, to the extent not prohibited by applicable law or the applicable rules of any stock exchange. 
 18.3 Indemnification 
 Each person who is or shall have been a member of the Board, or a committee appointed by the Board, or an
officer of the Company to whom authority was delegated in accordance with Section 3, shall, to the extent not prohibited by applicable law, be indemnified and held harmless by the Company against and from any loss, cost, liability or expense
that may be imposed upon or reasonably incurred by such person in connection with or resulting from any claim, action, suit or proceeding to which such person may be a party or in which such person may be involved by reason of any action taken or
failure to act under the Plan and against and from any and all amounts paid by such person in settlement thereof, with the Company’s approval, or paid by such person in satisfaction of any judgment in any such claim, action, suit or proceeding
against such person; provided, however, that such person shall give the Company an opportunity, at its own expense, to handle and defend the same before such person undertakes to handle and defend it on such person’s own behalf, unless such
loss, cost, liability or expense is a result of such person’s own willful misconduct or except as expressly provided by statute. 
 The
foregoing right of indemnification shall not be exclusive of any other rights of indemnification to which such person may be entitled under the Company’s articles of incorporation or bylaws, as a matter of law, or otherwise, or of any power
that the Company may have to indemnify or hold harmless. 
 18.4 No Rights as a Shareholder 
 Unless otherwise provided by the Committee or in the instrument evidencing the Award or in a written employment, services or other agreement, no Award, other
than a Stock Award, shall entitle the Participant to any cash dividend, voting or other right of a shareholder unless and until the date of issuance under the Plan of the shares that are the subject of such Award. 
  

 -16- 

 18.5 Compliance with Laws and Regulations 
 In interpreting and applying the provisions of the Plan, any Option granted as an Incentive Stock Option pursuant to the Plan shall, to the extent permitted
by law, be construed as an “incentive stock option” within the meaning of Section 422 of the Code. 
 The Plan and Awards granted
under the Plan are intended to be exempt from the requirements of Section 409A to the maximum extent possible, whether pursuant to the short-term deferral exception described in Treasury Regulation Section 1.409A-1(b)(4), the exclusion
applicable to stock options, stock appreciation rights and certain other equity-based compensation under Treasury Regulation Section 1.409A-1(b)(5), or otherwise. To the extent Section 409A is applicable to the Plan or any Award granted
under the Plan, it is intended that the Plan and any Awards granted under the Plan comply with the deferral, payout and other limitations and restrictions imposed under Section 409A. Notwithstanding any other provision of the Plan or any Award
granted under the Plan to the contrary, the Plan and any Award granted under the Plan shall be interpreted, operated and administered in a manner consistent with such intentions. Without limiting the generality of the foregoing, and notwithstanding
any other provision of the Plan or any Award granted under the Plan to the contrary, with respect to any payments and benefits under the Plan or any Award granted under the Plan to which Section 409A applies, all references in the Plan or any
Award granted under the Plan to the termination of the Participant’s employment or service are intended to mean the Participant’s “separation from service,” within the meaning of Section 409A(a)(2)(A)(i). In addition, if the
Participant is a “specified employee,” within the meaning of Section 409, then to the extent necessary to avoid subjecting the Participant to the imposition of any additional tax under Section 409A, amounts that would otherwise
be payable under the Plan or any Award granted under the Plan during the six-month period immediately following the Participant’s “separation from service,” within the meaning of Section 409A(a)(2)(A)(i), shall not be paid to the
Participant during such period, but shall instead be accumulated and paid to the Participant (or, in the event of the Participant’s death, the Participant’s estate) in a lump sum on the first business day after the earlier of the date that
is six months following the Participant’s separation from service or the Participant’s death. Notwithstanding any other provision of the Plan to the contrary, the Committee, to the extent it deems necessary or advisable in its sole
discretion, reserves the right, but shall not be required, to unilaterally amend or modify the Plan and any Award granted under the Plan so that the Award qualifies for exemption from or complies with Section 409A; provided, however, that the
Committee makes no representations that Awards granted under the Plan shall be exempt from or comply with Section 409A and makes no undertaking to preclude Section 409A from applying to Awards granted under the Plan. 
  

 -17- 

 18.6 Participants in Other Countries or Jurisdictions 
 Without amending the Plan, the Committee may grant Awards to Eligible Persons who are foreign nationals on such terms and conditions different from those
specified in the Plan as may, in the judgment of the Committee, be necessary or desirable to foster and promote achievement of the purposes of the Plan and shall have the authority to adopt such modifications, procedures, subplans and the like as
may be necessary or desirable to comply with provisions of the laws or regulations of other countries or jurisdictions in which the Company or any Related Company may operate or have employees to ensure the viability of the benefits from Awards
granted to Participants employed in such countries or jurisdictions, meet the requirements that permit the Plan to operate in a qualified or tax-efficient manner, comply with applicable foreign laws or regulations and meet the objectives of the
Plan. 
 18.7 No Trust or Fund 
 The Plan is intended to constitute an “unfunded” plan. Nothing contained herein shall require the Company to segregate any monies or other property, or shares of Common Stock, or to create any trusts, or to make any special
deposits for any immediate or deferred amounts payable to any Participant, and no Participant shall have any rights that are greater than those of a general unsecured creditor of the Company. 
 18.8 Successors 
 All obligations of the
Company under the Plan with respect to Awards shall be binding on any successor to the Company, whether the existence of such successor is the result of a direct or indirect purchase, merger, consolidation, or otherwise, of all or substantially all
the business and/or assets of the Company. 
 18.9 Severability 
 If any provision of the Plan or any Award is determined to be invalid, illegal or unenforceable in any jurisdiction, or as to any person, or would disqualify the Plan or any Award under any law deemed
applicable by the Committee, such provision shall be construed or deemed amended to conform to applicable laws, or, if it cannot be so construed or deemed amended without, in the Committee’s determination, materially altering the intent of the
Plan or the Award, such provision shall be stricken as to such jurisdiction, person or Award, and the remainder of the Plan and any such Award shall remain in full force and effect. 
 18.10 Choice of Law and Venue 
 The Plan, all Awards granted thereunder and all
determinations made and actions taken pursuant hereto, to the extent not otherwise governed by the laws of the United States, shall be governed by the laws of the State of Oregon without giving effect to principles of conflicts of law. Participants
irrevocably consent to the nonexclusive jurisdiction and venue of the state and federal courts located in the State of Oregon. 
  

 -18- 

 18.11 Legal Requirements 
 The granting of Awards and the issuance of shares of Common Stock under the Plan are subject to all applicable laws, rules and regulations and to such approvals by any governmental agencies or national
securities exchanges as may be required. 
 SECTION 19. EFFECTIVE DATE 
 The effective date (the “Effective Date”) is the date on which the Plan is approved by the shareholders of the Company. If the
shareholders of the Company do not approve the Plan within 12 months after the Board’s adoption of the Plan, any Incentive Stock Options granted under the Plan will be treated as Nonqualified Stock Options. 
  

 -19- 

 APPENDIX A 
 DEFINITIONS 
 As used in the Plan, 
 “Acquired Entity” means any entity acquired by the Company or a Related Company or with which the Company or a Related Company
merges or combines. 
 “Award” means any Option, Stock Appreciation Right, Stock Award, Restricted Stock, Stock Unit,
Performance Share, Performance Unit, cash-based award or other incentive payable in cash or in shares of Common Stock as may be designated by the Committee from time to time. 
 “Board” means the Board of Directors of the Company. 
 “Cause,” unless otherwise defined in the instrument evidencing an Award or in a written employment, services or other agreement between the Participant and the Company or a Related Company, means dishonesty, fraud,
serious or willful misconduct, unauthorized use or disclosure of confidential information or trade secrets, or conduct prohibited by law (except minor violations), in each case as determined by the Company’s chief human resources officer or
other person performing that function or, in the case of directors and executive officers, the Compensation Committee, whose determination shall be conclusive and binding. 
 “Change in Control,” unless the Committee determines otherwise with respect to an Award at the time the Award is granted or unless otherwise defined for purposes of an Award in a
written employment, services or other agreement between the Participant and the Company or a Related Company, means the occurrence of any of the following events: 
 (a) an acquisition by any Entity of beneficial ownership (within the meaning of Rule 13d-3 promulgated under the Exchange Act) of a number of shares equal to 30% or more of either (1) the number of
then outstanding shares of common stock of the Company (the “Outstanding Company Common Stock”) or (2) the combined voting power represented by the then outstanding voting securities of the Company entitled to vote generally in
the election of directors (the “Outstanding Company Voting Securities”), provided, however, that the following acquisitions shall not constitute a Change in Control: (i) any acquisition directly from the Company, other than an
acquisition by virtue of the exercise of a conversion privilege where the security being so converted was not acquired directly from the Company by the party exercising the conversion privilege, (ii) any acquisition by the Company,
(iii) any acquisition by any employee benefit plan (or related trust) sponsored or maintained by the Company or any Related Company, or (iv) an acquisition by any Entity pursuant to a transaction that meets the conditions of clauses (i),
(ii) and (iii) set forth in the definition of Company Transaction or (v) any acquisition approved by the Board; or 
  

 A-1 

 (b) consummation of a Company Transaction. 
 “Code” means the Internal Revenue Code of 1986, as amended from time to time. 
 “Committee” has the meaning set forth in Section 3.1. 
 “Common
Stock” means the common stock, no par value, of the Company. 
 “Company” means Planar
Systems, Inc., an Oregon corporation. 
 “Company Transaction,” unless the Committee determines otherwise with respect
to an Award at the time the Award is granted or unless otherwise defined for purposes of an Award in a written employment, services or other agreement between the Participant and the Company or a Related Company, means consummation of: 

(a) a merger or consolidation of the Company with or into any other company; 
 (b) a statutory share exchange pursuant to which the Company’s outstanding shares are acquired or a sale in one transaction or a series of transactions undertaken with a common purpose of all of the
Company’s outstanding voting securities; or 
 (c) a sale, lease, exchange or other transfer in one transaction or a series of related
transactions undertaken with a common purpose of all or substantially all of the Company’s assets, 
 excluding, however, in each case, a
transaction pursuant to which 
 (i) the Entities who are the beneficial owners of the Outstanding Company Common Stock and
Outstanding Company Voting Securities immediately prior to such Company Transaction will beneficially own, directly or indirectly, at least 50% of the 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, of the Successor Company in substantially the same proportions as their ownership, immediately prior to such Company Transaction, of the Outstanding Company Common Stock and
Outstanding Company Voting Securities; 
 (ii) no Entity (other than the Company, any employee benefit plan (or related trust)
of the Company, a Related Company or a Successor Company) will beneficially own, directly or indirectly, 30% or more of, respectively, the outstanding shares of common stock of the Successor Company or the combined voting power of the outstanding
voting securities of the Successor Company entitled to vote generally in the election of directors unless such ownership resulted solely from ownership of securities of the Company prior to the Company Transaction; and 
  

 A-2 

 (iii) individuals who were members of the Board will immediately after the consummation of
the Company Transaction constitute at least a majority of the members of the board of directors of the Successor Company. 
 Where a series of
transactions undertaken with a common purpose is deemed to be a Company Transaction, the date of such Company Transaction shall be the date on which the last of such transactions is consummated. 
 “Compensation Committee” means the Compensation Committee of the Board. 
 “Covered Employee” means a “covered employee” as that term is defined for purposes of Section 162(m)(3) of the Code
or any successor provision. 
 “Disability,” unless otherwise defined by the Committee for purposes
of the Plan in the instrument evidencing an Award or in a written employment, services or other agreement between the Participant and the Company or a Related Company, means a mental or physical impairment of the Participant that is expected to
result in death or that has lasted or is expected to last for a continuous period of 12 months or more and that causes the Participant to be unable to perform his or her material duties for the Company or a Related Company and to be engaged in
any substantial gainful activity, in each case as determined by the Company’s chief human resources officer or other person performing that function or, in the case of directors and executive officers, the Compensation Committee, whose
determination shall be conclusive and binding. 
 “Effective Date” has the meaning set forth in Section 19.

 “Eligible Person” means any person eligible to receive an Award as set forth in Section 5. 
 “Entity” means any individual, entity or group (within the meaning of Section 13(d)(3) or Section 14(d)(2) of the Exchange
Act). 
 “Exchange Act” means the Securities Exchange Act of 1934, as amended from time to time. 
 “Fair Market Value” means the closing price for the Common Stock on any given date during regular trading, or if not trading on that
date, such price on the last preceding date on which the Common Stock was traded, unless determined otherwise by the Committee using such methods or procedures as it may establish. 
 “Grant Date” means the later of (a) the date on which the Committee completes the corporate action authorizing the grant of an Award or such later date specified by the
Committee and (b) the date on which all conditions precedent to an Award have been satisfied, provided that conditions to the exercisability or vesting of Awards shall not defer the Grant Date. 
 “Incentive Stock Option” means an Option granted with the intention that it qualify as an “incentive stock option” as that
term is defined for purposes of Section 422 of the Code or any successor provision. 
  

 A-3 

 “Nonqualified Stock Option” means an Option other than an Incentive Stock Option.

 “Option” means a right to purchase Common Stock granted under Section 7. 
 “Option Expiration Date” means the last day of the maximum term of an Option. 
 “Outstanding Company Common Stock” has the meaning set forth in the definition of “Change in Control.” 
 “Outstanding Company Voting Securities” has the meaning set forth in the definition of “Change in Control.” 
 “Parent Company” means a company or other entity which as a result of a Company Transaction owns the Company or all or substantially
all of the Company’s assets either directly or through one or more subsidiaries. 
 “Participant” means any
Eligible Person to whom an Award is granted. 
 “Performance Award” means an Award of Performance Shares or Performance
Units granted under Section 11. 
 “Performance Criteria” has the meaning set forth in Section 16.1. 
 “Performance Share” means an Award of units denominated in shares of Common Stock granted under Section 11.1. 
 “Performance Unit” means an Award of units denominated in cash or property other than shares of Common Stock granted under
Section 11.2. 
 “Plan” means the Planar Systems, Inc. 2009 Incentive Plan. 
 “Related Company” means any entity that is directly or indirectly controlled by, in control of or under common control with the
Company. 
 “Restricted Stock” means an Award of shares of Common Stock granted under Section 10, the rights of
ownership of which are subject to restrictions prescribed by the Committee. 
 “Retirement,” unless otherwise defined in
the instrument evidencing the Award or in a written employment, services or other agreement between the Participant and the Company or a Related Company, means “Retirement” as defined for purposes of the Plan by the Committee or the
Company’s chief human resources officer or other person performing that function or, if not so defined, means Termination of Service on or after the date the Participant reaches “normal retirement age,” as that term is defined in
Section 411(a)(8) of the Code. 
 “Securities Act” means the Securities Act of 1933, as amended from time to time.

  

 A-4 

 “Section 409A” means Section 409A of the Code. 
 “Stock Appreciation Right” or “SAR” means a right granted under Section 9.1 to receive the excess of
the Fair Market Value of a specified number of shares of Common Stock over the grant price. 
 “Stock Award” means an
Award of shares of Common Stock granted under Section 10, the rights of ownership of which are not subject to restrictions prescribed by the Committee. 
 “Stock Unit” means an Award denominated in units of Common Stock granted under Section 10. 
 “Substitute Awards” means Awards granted or shares of Common Stock issued by the Company in substitution or exchange for awards previously granted by an Acquired Entity.

 “Successor Company” means the surviving company, the successor company or Parent Company, as
applicable, in connection with a Company Transaction. 
 “Termination of Service” means a termination of
employment or service relationship with the Company or a Related Company for any reason, whether voluntary or involuntary, including by reason of death, Disability or Retirement. Any question as to whether and when there has been a Termination of
Service for the purposes of an Award and the cause of such Termination of Service shall be determined by the Company’s chief human resources officer or other person performing that function or, with respect to directors and executive officers,
by the Compensation Committee, whose determination shall be conclusive and binding. Transfer of a Participant’s employment or service relationship between the Company and any Related Company shall not be considered a Termination of Service for
purposes of an Award. Unless the Compensation Committee determines otherwise, a Termination of Service shall be deemed to occur if the Participant’s employment or service relationship is with an entity that has ceased to be a Related Company. A
Participant’s change in status from an employee of the Company or a Related Company to a nonemployee director, consultant, advisor, or independent contractor of the Company or a Related Company or a change in status from a nonemployee director,
consultant, advisor or independent contractor of the Company or a Related Company to an employee of the Company or a Related Company, shall not be considered a Termination of Service. 
 “Vesting Commencement Date” means the Grant Date or such other date selected by the Committee as the date from which an Award begins to vest.

  

 A-5 

 PLAN ADOPTION AND AMENDMENTS/ADJUSTMENTS SUMMARY PAGE 
  

							
	 Date of Board
 Action
	 	 Action
	 	 Section/Effect
 of Amendment
	 	 Date of Shareholder
 Approval

	October 12, 2009	 	Initial Plan Adoption	 		 	November 20, 2009

  

 R-B1Planar Systems, Inc. 2009 Incentive Plan

 Exhibit 10.3 
 PLANAR SYSTEMS, INC. 
 RESTRICTED STOCK AWARD NOTICE

 2009 INCENTIVE PLAN 
 Planar Systems, Inc. (the “Company”) hereby grants to you a Restricted Stock Award (the “Award”) for shares of the Company’s Common Stock. The Award is
subject to all the terms and conditions set forth in (i) this Restricted Stock Award Notice (the “Award Notice”), (ii) the Restricted Stock Award Agreement and (iii) the Company’s 2009 Incentive Plan (the
“Plan”), which are available as provided below and incorporated into the Award Notice in their entirety. 
  

			
	Participant:	 	[Name]
		
	Grant Date:	 	November 20, 2009
		
	Vesting Commencement Date:	 	December 25, 2009
		
	Number of Shares:	 	        
		
	Fair Market Value Per Share on Grant Date:	 	$2.39
		
	Vesting Schedule:	 	 This Award will vest and cease to be subject to forfeiture with respect to one-twelfth of the shares on each of the following dates:

  
 December 25, 2009; March 26, 2010; June 25, 2010; September 24, 2010;
December 31, 2010; April 1, 2011; July 1, 2011; September 30, 2011; December 30, 2011; March 30, 2012; June 29, 2012; and September 28, 2012.
  
 provided, however, that the Award will vest and cease to be subject to forfeiture on an accelerated basis as provided in the Severance Agreement (as defined
below).

 Additional Terms/Acknowledgement: You acknowledge receipt of, and understand and agree to, the Award Notice,
the Restricted Stock Award Agreement and the Plan. You further acknowledge that as of the Grant Date, the Award Notice, the Restricted Stock Award Agreement and the Plan (together with the Amended and Restated Executive Severance Agreement dated
                     (the “Severance Agreement”)) set forth the entire understanding between Participant and the Company regarding
the Award and supersede all prior oral and written agreements on the subject. 
  

									
	PLANAR SYSTEMS, INC.	  		  	PARTICIPANT
			
	  
	  		  	  

	By:	  	[CEO or Secretary]	  		  	[Name]	 	
	Its:	  	[Title]	  		  	Taxpayer ID:	 	  

		  		  		  	Address:	 	  

		  		  		  		 	  

				
	 Incorporated Documents:
  
 1. Restricted Stock Award Agreement (Attachment 1)
 2. 2009 Incentive Plan (available under Your
 Benefits on Planar World)
 3. Plan Summary (available under Your
 Benefits on Planar World)
	  		  		 	

 Restricted Stock Award Notice & Agreement (2009 Incentive Plan) 

 ATTACHMENT 1 
 PLANAR SYSTEMS, INC. 
 2009 INCENTIVE PLAN

 RESTRICTED STOCK AWARD AGREEMENT 
 Pursuant to your Restricted Stock Award Notice (the “Award Notice”) and this Restricted Stock Award Agreement (this “Agreement”), Planar Systems, Inc.
(the “Company”) has granted you a Restricted Stock Award (the “Award”) under its 2009 Incentive Plan (the “Plan”) for the number of shares of the Company’s Common
Stock indicated in your Award Notice. Capitalized terms not explicitly defined in this Agreement but defined in the Plan shall have the same definitions as in the Plan. 
 The details of the Award are as follows: 
 1. Vesting 
 The Award will vest and no longer be subject to forfeiture according to the vesting schedule set forth in the Award Notice (the
“Vesting Schedule”). Shares subject to the portion of the Award that has vested and is no longer subject to forfeiture according to the Vesting Schedule are referred to herein as “Vested Shares.”
Shares subject to the portion of the Award that has not vested and remains subject to forfeiture under the Vesting Schedule are referred to herein as “Unvested Shares.” The Unvested Shares will vest (and to the extent so
vested cease to be Unvested Shares remaining subject to forfeiture) in accordance with the Vesting Schedule (the Unvested and Vested Shares are collectively referred to herein as the “Shares”). The Award will terminate and
the Unvested Shares will be subject to forfeiture upon your Termination of Service as set forth in Section 2. 
 2. Termination of Award
upon Termination of Service 
 Upon your Termination of Service, any portion of the Award which has not vested as provided in
Section 1 will immediately terminate. Unless the Plan Administrator determines otherwise prior to your Termination of Service, all Unvested Shares shall immediately be forfeited upon your Termination of Service without payment of any further
consideration to you. 
 3. Consideration for Award 
 Consideration has been paid by you to the Company for the Award in the form of services rendered. 
 4. Securities Law Compliance 
 4.1 You represent and warrant that you (a) have been furnished with a
copy of the Plan and all information which you deem necessary to evaluate the merits and risks of receipt of the Shares, (b) have had the opportunity to ask questions and receive answers concerning the information received about the Shares and
the Company, and (c) have been given the opportunity to obtain any additional information you deem necessary to verify the accuracy of any information obtained concerning the Shares and the Company. 
 Restricted Stock Award Notice & Agreement (2009 Incentive Plan) 

 4.2 You hereby agree that you will in no event sell or distribute all or any part of
the Shares unless (a) there is an effective registration statement under the Securities Act and applicable state securities laws covering any such transaction involving the Shares or (b) the Company receives an opinion of your legal
counsel (concurred in by legal counsel for the Company) stating that such transaction is exempt from registration or the Company otherwise satisfies itself that such transaction is exempt from registration. You understand that the Company has no
obligation to you to register the Shares with the SEC and has not represented to you that it will so register the Shares. 
 4.3 You confirm that you have been advised, prior to your receipt of the Shares, that neither the offering of the Shares nor any offering materials have been reviewed by any administrator under the Securities Act or any other
applicable securities act (the “Acts”) and that the Shares have not been registered under any of the Acts and therefore cannot be resold unless they are registered under the Acts or unless an exemption from such registration
is available. 
 4.4 You hereby agree to indemnify the Company and hold it harmless from and against any loss, claim or
liability, including attorneys’ fees or legal expenses, incurred by the Company as a result of any breach by you of, or any inaccuracy in, any representation, warranty or statement made by you in this Agreement or the breach by you of any terms
or conditions of this Agreement. 
 5. Transfer Restrictions 
 5.1 Restrictions on Transfer. Unvested Shares will not be sold, transferred, assigned, encumbered or otherwise disposed of in
contravention of the provisions of this Agreement. Except as otherwise provided in this Agreement, such restrictions on transfer, however, will not apply to (a) a transfer of title to the Unvested Shares effected pursuant to your will or laws
of intestate succession, or (b) a transfer to the Company in pledge as a security for any purchase-money indebtedness incurred by you in connection with the acquisition of the Unvested Shares. 
 5.2 Transferee Obligations. Each person (other than the Company) to whom the Shares are transferred by means of one of the permitted
transfers specified in Section 5.1 must, as a condition precedent to the validity of such transfer, acknowledge in writing to the Company that such person is bound by the provisions of this Agreement, to the same extent the Shares would be so
subject if retained by you. 
 6. Section 83(b) Election for Award 
 You understand that under Section 83(a) of the Code, the excess of the Fair Market Value of the Unvested Shares on the date the
forfeiture restrictions lapse over the purchase price, if any, paid for such Shares will be taxed, on the date such forfeiture restrictions lapse, as ordinary income subject to payroll and withholding tax and tax reporting, as applicable. For this
purpose, the term “forfeiture restrictions” means the right of the Company to receive

  

 -2- 

 
back any Unvested Shares upon termination of your employment or services with the Company or a Related Company. You understand that you may elect under Section 83(b) of the Code to be taxed
at the time the Unvested Shares are acquired, rather than when and as the Unvested Shares cease to be subject to the forfeiture restrictions. Such election (an “83(b) Election”) must be filed with the Internal Revenue Service
within 30 days from the Grant Date of the Award. Even if the Fair Market Value of the Unvested Shares on the Grant Date equals the purchase price, if any, (and thus no tax is payable), you must file the election within the 30-day period
to avoid the risk of adverse tax consequences in the future. 
 You understand that there is a risk the Internal Revenue Service
might challenge the Company’s determination of the Fair Market Value of the Shares, in which case you will be deemed to have received more ordinary income than originally estimated. You also understand that (a) you will not be entitled to
a deduction for any ordinary income previously recognized as a result of the 83(b) Election if the Unvested Shares are subsequently forfeited to the Company, and (b) the 83(b) Election may cause you to recognize more ordinary income than you
would have otherwise recognized if the Internal Revenue Service determines that the value of the Unvested Shares on the date the Shares are transferred is higher than the Fair Market Value of the Shares on that date as determined by the Company
and/or the value of the Unvested Shares subsequently declines. 
 THE FORM FOR MAKING AN 83(b) ELECTION IS ATTACHED TO THIS
AGREEMENT AS EXHIBIT B. YOU UNDERSTAND THAT FAILURE TO FILE SUCH AN ELECTION WITHIN THE 30-DAY PERIOD MAY RESULT IN THE RECOGNITION OF ORDINARY INCOME BY YOU AS THE FORFEITURE RESTRICTIONS LAPSE. You further understand that an additional
copy of such election form should be filed with your federal income tax return for the calendar year in which the date of this Agreement falls. You acknowledge that the foregoing is only a summary of the federal income tax laws that apply to the
receipt of the Unvested Shares under this Agreement and does not purport to be complete. YOU FURTHER ACKNOWLEDGE THAT THE COMPANY HAS DIRECTED YOU TO SEEK INDEPENDENT ADVICE REGARDING THE APPLICABLE PROVISIONS OF THE CODE, THE INCOME TAX LAWS OF
ANY MUNICIPALITY, STATE OR FOREIGN COUNTRY IN WHICH YOU MAY RESIDE, AND THE TAX CONSEQUENCES OF YOUR DEATH. 
 You agree to
execute and deliver to the Company with this Agreement a copy of the Acknowledgment and Statement of Decision Regarding Section 83(b) Election attached hereto as Exhibit A. You further agree that you will execute and deliver to the
Company with this Agreement a copy of the 83(b) Election attached hereto as Exhibit B if you chooses to make such an election. 
 7. Book Entry Registration of the Shares 
 The Company will issue the Shares by registering the Shares in book
entry form with the Company’s transfer agent in your name and the applicable restrictions will be noted in the records of the Company’s transfer agent in the book entry system. No certificate(s) representing all or a part of the Shares may
be issued until the Shares become Vested Shares. 
  

 -3- 

 8. Stop-Transfer Notices 
 You understand and agree that, in order to ensure compliance with the restrictions referred to in this Agreement, the Company may issue
appropriate “stop-transfer” instructions to its transfer agent, if any, and that, if the Company transfers its own securities, it may make appropriate notations to the same effect in its own records. The Company will not be required to
(a) transfer on its books any Shares that have been sold or transferred in violation of the provisions of this Agreement or (b) treat as the owner of the Shares, or otherwise accord voting, dividend or liquidation rights to, any transferee
to whom the Shares have been transferred in contravention of this Agreement. 
 9. Independent Tax Advice 
 You acknowledge that determining the actual tax consequences to you of receiving or disposing of the Shares may be complicated. These tax
consequences will depend, in part, on your specific situation and may also depend on the resolution of currently uncertain tax law and other variables not within the control of the Company. You are aware that you should consult a competent and
independent tax advisor for a full understanding of the specific tax consequences to you of receiving or disposing of the Shares. Prior to executing this Agreement, you either have consulted with a competent tax advisor independent of the Company to
obtain tax advice concerning the receipt or disposition of the Shares in light of your specific situation or you have had the opportunity to consult with such a tax advisor but chose not to do so. 
 10. Withholding and Disposition of Shares 
 You are ultimately responsible for all taxes owned in connection with this Award (e.g., at vesting and/or upon receipt of the Shares), including any domestic or foreign tax withholding obligation required
by law, whether national, federal, state or local, including FICA or any other social tax obligation (the “Tax Withholding Obligation”), regardless of any action the Company or any Related Company takes with respect to any such Tax
Withholding Obligation that arises in connection with this Award. As a condition to the removal of restrictions from your Vested Shares registered in book entry form with the Company’s transfer agent, you agree to make arrangements satisfactory
to the Company for the payment of the Tax Withholding Obligation that arises upon receipt of the Shares, as the forfeiture restrictions on any Shares lapse or otherwise. At your request, the Company will cancel from the Vested Shares the number of
whole shares of the Company’s common stock required to satisfy the minimum applicable Tax Withholding Obligation, the number to be determined by the Company based on the Fair Market Value of the Shares on the date the Company is required to
withhold. Notwithstanding the foregoing, to the maximum extent permitted by law, you acknowledge and agree that the Company and any Related Company has the right without notice to deduct from salary or other amounts payable to you amounts sufficient
to satisfy the Tax Withholding Obligation. 
  

 -4- 

 11. Dividends 
 The Company will retain for your account any stock or cash dividends declared on the Unvested Shares. Any such cash dividends will be paid to you in a lump sum when and if such Unvested Shares vest,
subject to any applicable Tax Withholding Obligation. Any stock dividends will be issued in book entry form and will be subject to forfeiture to the same extent as the Unvested Shares with respect to which such stock dividends were paid. You will
have no right to receive any dividend payments pursuant to this Section 11 with respect to Shares that do not vest or are otherwise forfeited. 
 12. General Provisions 
 12.1 Assignment. The Company may assign its forfeiture rights at any time,
whether or not such rights are then exercisable, to any person or entity selected by the Company’s Board of Directors. 
 12.2 No Waiver. No waiver of any provision of this Agreement will be valid unless in writing and signed by the person against whom such waiver is sought to be enforced, nor will failure to enforce any right hereunder constitute a
continuing waiver of the same or a waiver of any other right hereunder. 
 12.3 Cancellation of Shares. If Unvested
Shares may no longer vest and become Vested Shares , then, from and after such time, the person from whom such Shares are to be forfeited will no longer have any rights as a recipient of such Shares, such Shares will be deemed forfeited in
accordance with the applicable provisions of this Agreement, and the Company or its assignees will be deemed the owner and recipient of such Shares, whether or not the certificates therefore have been delivered as required by this Agreement.

 12.4 Undertaking. You hereby agree to take whatever additional action and execute whatever additional documents the
Company may deem necessary or advisable in order to carry out or effect one or more of the obligations or restrictions imposed on either you or the Shares pursuant to the express provisions of this Agreement. 
 12.5 Agreement Is Entire Contract. This Agreement (together with the Severance Agreement (as defined in the Award Notice))
constitutes the entire contract between the parties hereto with regard to the subject matter hereof. This Agreement is made pursuant to the provisions of the Plan and will in all respects be construed in conformity with the express terms and
provisions of the Plan. 
 12.6 Successors and Assigns. The provisions of this Agreement will inure to the benefit of,
and be binding on, the Company and its successors and assigns and you and your legal representatives, heirs, legatees, distributees, assigns and transferees by operation of law, whether or not any such person will have become a party to this
Agreement and agreed in writing to join herein and be bound by the terms and conditions hereof. 
 12.7 No Employment or
Service Contract. Nothing in this Agreement will affect in any manner whatsoever the right or power of the Company, or a Related Company, to terminate your employment or services on behalf of the Company, for any reason, with or without Cause.

  

 -5- 

 12.8 Shareholder of Record. You will be recorded as a shareholder of the Company and
will have, subject to the provisions of this Agreement and the Plan, all the rights of a shareholder with respect to the Shares. 
 12.9 Counterparts. This Agreement may be executed in two or more counterparts, each of which will be deemed an original, but which, upon execution, will constitute one and the same instrument. 
 12.10 Governing Law. This Agreement will be construed and administered in accordance with and governed by the laws of the State of
Oregon. 
  

 -6- 

 EXHIBIT A 
 ACKNOWLEDGMENT AND STATEMENT OF DECISION REGARDING 
 SECTION 83(b) ELECTION 
 The undersigned, a recipient of
         shares of Common Stock of Planar Systems, Inc., an Oregon corporation (the “Company”), pursuant to a restricted stock award granted pursuant to the Company’s 2009 Incentive Plan
(the “Plan”), hereby states as follows: 
 1. The undersigned acknowledges receipt of a copy of the Plan relating to
the offering of such shares. The undersigned has carefully reviewed the Plan and the Restricted Stock Award Agreement pursuant to which the award was granted. 
 2. The undersigned either (check and complete as applicable): 
  

			
	(a)         	 	has consulted, and has been fully advised by, the undersigned’s own tax advisor,
                    , whose business address is
                    , regarding the federal, state and local tax consequences of receiving shares under the Plan, and particularly regarding
the advisability of making an election pursuant to Section 83(b) of the Internal Revenue Code of 1986, as amended (the “Code”), and pursuant to the corresponding provisions, if any, of applicable state law, or
		
	(b)         	 	has knowingly chosen not to consult such a tax advisor.

 3. The undersigned hereby states that the undersigned has decided (check as applicable) 
  

			
	(a)         	 	to make an election pursuant to Section 83(b) of the Code, and is submitting to the Company, together with the undersigned’s executed Restricted Stock Award Agreement,
an executed form entitled “Election Under Section 83(b) of the Internal Revenue Code of 1986”, or
		
	(b)         	 	not to make an election pursuant to Section 83(b) of the Code.

 4. Neither the Company nor any affiliate or representative of the Company has made any warranty or representation to the undersigned with respect to the tax consequences of the undersigned’s purchase
of shares under the Plan or of the making or failure to make an election pursuant to Section 83(b) of the Code or the corresponding provisions, if any, of applicable state law. 
  

					
	Dated:                     	 		  	  

		 		  	[Name]

 EXHIBIT B 
 ELECTION UNDER SECTION 83(b) 
 OF THE INTERNAL
REVENUE CODE OF 1986 
 The undersigned taxpayer hereby elects, pursuant to Section 83(b) of the Internal Revenue Code,
to include in taxpayer’s gross income for the current taxable year the amount of any compensation taxable to taxpayer in connection with taxpayer’s receipt of the property described below: 
  

	1.	The name, address, taxpayer identification number and taxable year of the undersigned are as follows: 

 NAME OF TAXPAYER:
                                         
        
 NAME OF SPOUSE:
                                         
             
 ADDRESS:
                                         
                              
                                        
                                         
           
 IDENTIFICATION NO. OF TAXPAYER:
                     
 IDENTIFICATION NO. OF SPOUSE:                            
 TAXABLE YEAR:                     

  

	2.	The property with respect to which the election is made is described as follows:          shares of the Common Stock of
Planar Systems, Inc., an Oregon corporation (the “Company”). 

  

	3.	The date on which the property was transferred is:
                     

  

	4.	The property is subject to the following restrictions: 

 The property is subject to a right pursuant to which taxpayer forfeits the rights in and to the shares if for any reason taxpayer’s service with the Company is terminated. The forfeiture right lapses
in a series of [quarterly] [annual] installments over a [            ]-year period ending on         ,
20    . 
  

	5.	The aggregate fair market value at the time of transfer, determined without regard to any restriction other than a restriction which by its terms will never lapse, of
such property is: $         

  

	6.	The amount (if any) paid for such property is: $0 

 The undersigned has submitted a copy of this statement to the person for whom the services were performed in connection with the undersigned’s receipt of the above-described property. The undersigned
is the person performing the services in connection with the transfer of said property. 
  

 B-2 

 The undersigned understands that the foregoing election may not be revoked except with
the consent of the Commissioner. 
  

					
	 Dated:
                    
	  		  	  

		  		  	Recipient

  

 B-3 

 DISTRIBUTION OF COPIES 
  

	1.	File original with the Internal Revenue Service Center where the taxpayer’s income tax return will be filed. Filing must be made by no later than 30 days after
the date the property was transferred. 

  

	2.	Attach one copy to the taxpayer’s income tax return for the taxable year in which the property was transferred. 

  

	3.	Mail one copy to the Company at the following address: 

 Planar Systems Inc. 
 Attn: Diana Baumgartner 
 1195 NW Compton Drive 
 Beaverton, OR 97006-1992

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