Document:

Exhibit

DESCRIPTION OF THE REGISTRANT’S SECURITIES 
REGISTERED PURSUANT TO SECTION 12 OF THE 
SECURITIES EXCHANGE ACT OF 1934

eHealth, Inc. has one class of securities registered under Section 12 of the Securities Exchange Act of 1934, as amended: our common stock, $0.001 par value per share.

The following description summarizes the general terms and provisions of our common stock as set forth in our certificate of incorporation and amended and restated bylaws (“bylaws”). This summary does not purport to be complete and is subject to, and qualified in its entirety by the provisions of our certificate of incorporation and bylaws, each of which is included as an exhibit to the Annual Report on Form 10-K to which this description is an Exhibit, and each of which may be amended from time to time. We encourage you to read our certificate of incorporation and bylaws and the applicable provisions of the General Corporation Law of the State of Delaware for additional information.

Our authorized capital stock consists of 100 million shares of common stock, $0.001 par value per share, and 10 million shares of undesignated preferred stock, $0.001 par value per share. 

Common Stock

On all matters submitted to our stockholders for vote, our common stockholders are entitled to one vote per share, voting together as a single class, and do not have cumulative voting rights. Accordingly, the holders of a majority of the shares of common stock entitled to vote in any election of directors can elect all of the directors standing for election, if they so choose. Subject to preferences that may apply to any shares of preferred stock outstanding, the holders of common stock are entitled to share equally in any dividends that our board of directors may determine to issue from time to time. Upon our liquidation, dissolution or winding-up, the holders of common stock shall be entitled to share equally all assets remaining after the payment of any liabilities and the liquidation preferences on any outstanding preferred stock. Holders of common stock have no preemptive or conversion rights or other subscription rights and there are no redemption or sinking funds provisions applicable to the common stock.

Preferred Stock

Our board of directors has the authority, without further action by our stockholders, to issue up to 10 million shares of preferred stock in one or more series. Our board of directors is able to determine, with respect to any series of preferred stock, the powers, preferences and relative, participating, optional or other special rights, and the qualifications, limitations or restrictions thereof, including, without limitation:

		
	•
	the designation of the series;

		
	•
	the number of shares of the series, which our board of directors may, except where otherwise provided in the preferred stock designation, increase (but not above the total number of authorized shares of the class) or decrease (but not below the number of shares then outstanding);

		
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	whether dividends, if any, will be cumulative or non-cumulative and the dividend rate of the series;

		
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	the dates at which dividends, if any, will be payable;

		
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	the redemption rights and price or prices, if any, for shares of the series;

		
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	the terms and amounts of any sinking fund provided for the purchase or redemption of shares of the series;

		
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	the amounts payable on shares of the series in the event of any voluntary or involuntary liquidation, dissolution or winding-up of the affairs of our company;

		
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	whether the shares of the series will be convertible into shares of any other class or series, or any other security, of our company or any other entity, and, if so, the specification of the other class or series or other security, the conversion price or prices or rate or rates, any rate adjustments, the date or dates as of which the shares will be convertible and all other terms and conditions upon which the conversion may be made;

		
	•
	restrictions on the issuance of shares of the same series or of any other class or series; and

		
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	the voting rights, if any, of the holders of the series.

1

We could issue a series of preferred stock that could, depending on the terms of the series, impede or discourage an acquisition attempt or other transaction that some, or a majority, of the holders of our common stock might believe to be in their best interests or in which the holders of our common stock might receive a premium for their common stock over the market price of the common stock. Additionally, the issuance of preferred stock may adversely affect the holders of our common stock by restricting dividends on the common stock, diluting the voting power of the common stock or subordinating the liquidation rights of the common stock. As a result of these or other factors, the issuance of preferred stock could have an adverse impact on the market price of our common stock.

Anti-Takeover Effects of Delaware Law and Our Certificate of Incorporation and Bylaws

The provisions of Delaware law, our certificate of incorporation and our bylaws may have the effect of delaying, deferring or discouraging another person from acquiring control of our company. These provisions, which are summarized below, may have the effect of discouraging takeover bids. They are also designed, in part, to encourage persons seeking to acquire control of us to negotiate first with our board of directors. We believe that the benefits of increased protection of our potential ability to negotiate with an unfriendly or unsolicited acquirer outweigh the disadvantages of discouraging a proposal to acquire us because negotiation of these proposals could result in an improvement of their terms.

Delaware Law

We are subject to the provisions of Section 203 of the Delaware General Corporation Law regulating corporate takeovers. In general, Section 203 prohibits a publicly-held Delaware corporation from engaging, under certain circumstances, in a business combination with an interested stockholder for a period of three years following the date the person became an interested stockholder unless:

		
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	prior to the date of the transaction, the board of directors approved either the business combination or the transaction which resulted in the stockholder becoming an interested stockholder;

		
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	upon completion of the transaction that resulted in the stockholder becoming an interested stockholder, the interested stockholder owned at least 85% of the voting stock of the corporation outstanding at the time the transaction commenced, excluding for purposes of determining the voting stock outstanding, but not for determining the outstanding voting stock owned by the interested stockholder, (1) voting stock owned by persons who are directors and also officers, and (2) voting stock owned by employee stock plans in which employee participants do not have the right to determine confidentially whether shares held subject to the plan will be tendered in a tender or exchange offer; or

		
	•
	at or subsequent to the date of the transaction, the business combination is approved by the board of directors and authorized at an annual or special meeting of stockholders, and not by written consent, by the affirmative vote of at least 66 2/3% of the outstanding voting stock which is not owned by the interested stockholder.

Generally, a business combination includes a merger, asset or stock sale, or other transaction resulting in a financial benefit to the interested stockholder. An interested stockholder is a person who, together with affiliates and associates, owns or, within three years prior to the determination of interested stockholder status, did own 15% or more of a corporation’s outstanding voting stock. These provisions may have the effect of delaying, deferring or preventing a change in our control.

Certificate of Incorporation and Bylaw Provisions

Our certificate of incorporation and our bylaws include a number of provisions that could deter hostile takeovers or delay or prevent changes in control of our management team, including the following:

2

		
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	Board of directors vacancies. Our certificate of incorporation and our bylaws authorize only our board of directors to fill vacant directorships, including newly created seats. In addition, the number of directors constituting our board of directors is permitted to be set only by a resolution adopted by our board of directors. These provisions prevent a stockholder from increasing the size of our board of directors and then gaining control of our board of directors by filling the resulting vacancies with its own nominees. This makes it more difficult to change the composition of our board of directors but promotes continuity of management.

		
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	Election and Removal of Directors. Our certificate of incorporation and our bylaws provide that our board is classified into three classes of directors. Our certificate of incorporation does not provide for cumulative voting. In addition, directors may be removed from office by our stockholders only for cause. This system of electing and removing directors may tend to discourage a third party from making a tender offer or otherwise attempting to obtain control of us, because it generally makes it more difficult for stockholders to replace a majority of directors.

		
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	Stockholder action; special meeting of stockholders. Our certificate of incorporation provides that our stockholders may not take action by written consent, but may only take action at annual or special meetings of our stockholders. As a result, a holder controlling a majority of our capital stock is not be able to amend our bylaws or remove directors without holding a meeting of our stockholders called in accordance with our bylaws. Our certificate of incorporation and our bylaws further provide that special meetings of our stockholders may be called only by a majority of our board of directors, the Chairperson of the Board of Directors, our Chief Executive Officer or our President (in the absence of a Chief Executive Officer), thus prohibiting a stockholder from calling a special meeting. These provisions might delay the ability of our stockholders to force consideration of a proposal or for stockholders controlling a majority of our capital stock to take any action, including the removal of directors.

		
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	Advance notice requirements for stockholder proposals and director nominations. Our bylaws provide advance notice procedures for stockholders seeking to bring business before our annual meeting of stockholders or to nominate candidates for election as directors at our annual meeting of stockholders. Our bylaws also specify certain requirements regarding the form and content of a stockholder’s notice. These provisions might preclude our stockholders from bringing matters before our annual meeting of stockholders or from making nominations for directors at our annual meeting of stockholders if the proper procedures are not followed. We expect that these provisions may also discourage or deter a potential acquirer from conducting a solicitation of proxies to elect the acquirer’s own slate of directors or otherwise attempting to obtain control of our company.

		
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	Amendment of charter provisions. Any amendment of the above provisions in our certificate of incorporation would require approval by a majority of our board of directors and the holders of at least 66 2/3% of our then outstanding voting securities.

		
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	Issuance of undesignated preferred stock. Our board of directors has the authority, without further action by the stockholders, to issue up to 10 million shares of undesignated preferred stock with rights and preferences, including voting rights, designated from time to time by our board of directors. The existence of authorized but unissued shares of preferred stock would enable our board of directors to render more difficult or to discourage an attempt to obtain control of us by means of a merger, tender offer, proxy contest or other means.

The provisions of Delaware law and our certificate of incorporation and our bylaws could have the effect of discouraging others from attempting hostile takeovers and, as a consequence, they may also inhibit temporary fluctuations in the market price of our common stock that often result from actual or rumored takeover attempts. These provisions may also have the effect of preventing changes in our management. It is possible that these provisions could make it more difficult to accomplish transactions that stockholders may otherwise deem to be in their best interests.

3Exhibit 10.1

 

Executive
Severance Policy

 

Eligibility

 

Executives within the
three executive tiers set forth below who agree to be bound by all of the restrictions, conditions and limitations under this
Executive Severance Policy (“Policy”) will be eligible to severance payments and other applicable benefits as set forth
in this Policy upon a “Qualifying Termination,” as such term is defined herein.

 

		·	Tier 1:    Chief Executive Officer.

 

		·	Tier 2:    Section 16 Officers.

 

		·	Tier 3:    Members of the Corporate Executive Committee, or equivalent executive
committee if renamed.

 

As needed on an ongoing
basis and in its sole discretion, the Compensation & Management Development Committee shall determine the eligibility and appropriate
tier placement of any executives participating in the Policy (each such participant referred to herein as “Executive”).

 

Qualifying Terminations

 

Each of the following
termination events will constitute a “Qualifying Termination” under this Policy. Benefits payable under each of the
different “Qualifying Termination” scenarios are as set forth elsewhere in this Policy.

 

·           
Qualifying Termination without Change in Control: Involuntary termination of the Executive by the Company
without Cause, and without a Change in Control of the Company;

 

·           
Qualifying Termination following Change in Control: Involuntary termination of the Executive by the
Company without Cause, or voluntary termination by the Executive for Good Reason, in each case within twenty-four (24) months following
the effective date of a Change in Control of the Company.

 

For purposes of this
Policy and determining whether a Qualifying Termination has occurred, the following definitions shall apply:

 

·           
Cause: Any action or inaction by the Executive that constitutes (a) gross negligence or willful misconduct
in connection with the Executive’s duties or in the course of the Executive’s employment with the Company; (b) any
act of fraud, embezzlement or theft in connection with Executive’s duties or in the course of employment with the Company;
(c) intentional wrongful damage to property of the Company; (d) a substantial failure by the Executive to perform his or her duties
after notice to the Executive and a reasonable opportunity to cure; (e) the Executive’s material breach of restrictive covenants
contained in any Company policy or any agreement between the Executive and the Company; or (f) the Executive’s intentional
wrongful disclosure of secret processes or confidential information of the Company.

 

    

     

    

 

·           
Good Reason: To the extent any such action has been taken without the Executive’s written consent, the
occurrence of any of the following events: (a) the Company or its successor assigns to the Executive any duties materially inconsistent
with such Executive’s position (including offices, titles and reporting requirements), authority, duties or responsibilities
with the Company in effect immediately before the occurrence of the Change in Control, or otherwise makes any material negative
change in any such position, authority, duties or responsibilities; (b) the Company or its successor takes any other action that
results in a material diminution in such position, authority, duties or responsibilities or otherwise take any action that materially
interferes therewith; (c) the Company or its successor materially reduces the Executive’s annual base salary or target annual
bonus as in effect immediately before the occurrence of the Change in Control, other than as part of a reduction of less than ten
percent (10%) that is applicable to all executives of the Company or its successor; (d) the Company or its successor relocates
the Executive’s principal office more than fifty (50) miles from the participant’s principal office at the time of
the Change in Control, provided that such relocation results in an increase to the participant’s daily commute time; or (e)
the Company fails to obtain assumption or adoption of this Policy by its successor within ten (10) days following the applicable
Change in Control.

 

·          
Target Annual Bonus: For purposes of this Policy, an Executive’s “target annual bonus” shall
mean the target annual bonus amount applicable to such Executive for the fiscal year in which the Qualifying Termination occurs,
with such amount to be determined, as applicable, by reference to either (a) the target annual bonus amount contemplated by the
Executive’s current Annual Incentive Award, or (b) the target annual bonus amount contemplated for such Executive by the
Company’s Management Incentive Program.  With respect to Executives eligible to receive Annual Incentive Awards, if
no Annual Incentive Award has yet been granted to such Executive by the Company’s Compensation Committee for the fiscal year
in which the Qualifying Termination occurs, then the “target annual bonus” shall be calculated by reference to the
target annual bonus contemplated by the Executive’s most recently-granted Annual Incentive Award.

 

·          
Change in Control: As used in this Policy, the definition of “Change in Control” shall be that
set forth in the Quanex Building Products Corporation 2020 Omnibus Incentive Plan or any successor incentive plan, as in effect
at the time of such Change in Control. If no such incentive plan is in effect, then “Change in Control” shall mean
the occurrence of any of the following:

 

(a)               
the acquisition by any individual, entity or group (within the meaning of Section 13(d)(3) or 14(d)(2) of the Exchange Act) (a
 “Covered Person”) of beneficial ownership (within the meaning of Rule 13d-3 promulgated under the Exchange Act) of
20 percent (20%) or more of either (i) the then outstanding shares of the common stock of the Company (the “Outstanding Company
Common Stock”), or (ii) the combined voting power of 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
for purposes of this subsection (a), the following acquisitions shall not constitute a Change in Control of the Company: (A)
any acquisition directly from the Company, (B) any acquisition by the Company, (C) any acquisition by any employee benefit plan
(or related trust) sponsored or maintained by the Company or any entity controlled by the Company, or (D) any acquisition by any
corporation pursuant to a transaction which complies with clauses (A), (B) and (C) of subsection (c) of this paragraph; or

 

    

     

    

 

(b)               
during any period of two consecutive years following the effective date of this Policy (the “Effective Date”), individuals
who at the beginning of such period constitute the Board (the “Incumbent Board”) cease for any reason to constitute
at least a majority of the Board; provided, however, that any individual becoming a director subsequent to the Effective
Date whose election, or nomination for election by the Company’s stockholders, was approved by a vote of at least a majority
of the directors then comprising the Incumbent Board shall be considered as though such individual were a member of the Incumbent
Board, but excluding, for this purpose, any such individual whose initial assumption of office occurs as a result of an actual
or threatened election contest with respect to the election or removal of directors or other actual or threatened solicitation
of proxies or consents by or on behalf of a Covered Person other than the Board; or

 

(c)               
the consummation of (i) a reorganization, merger or consolidation or sale of the Company, or (ii) a disposition of all or substantially
all of the assets of the Company (a “Business Combination”), in each case, unless, following such Business Combination,
(A) all or substantially all of the individuals and entities who were the beneficial owners, respectively, of the Outstanding Company
Common Stock and Outstanding Company Voting Securities immediately prior to such Business Combination beneficially own, direct
or indirectly, more than 50 percent (50%) of, respectively, the then outstanding shares of common stock and the combined voting
power of the then outstanding voting securities entitled to vote generally in the election of directors, as the case may be, of
the corporation resulting from such Business Combination (including, without limitation, a corporation which as a result of such
transaction owns the Company or all or substantially all of the Company’s assets either directly or through one or more subsidiaries)
in substantially the same proportions as their ownership immediately prior to such Business Combination of the Outstanding Company
Common Stock and Outstanding Company Voting Securities, as the case may be, (B) no Covered Person (excluding any employee benefit
plan (or related trust) of the Company or such corporation resulting from such Business Combination) beneficially owns, directly
or indirectly, 20 percent (20%) or more of, respectively, the then outstanding shares of common stock of the corporation resulting
from such Business Combination or the combined voting power of the then outstanding voting securities of such corporation, except
to the extent that such ownership existed prior to the Business Combination, and (C) at least a majority of the members of the
board of directors of the corporation resulting from such Business Combination, were members of the Incumbent Board at the time
of the execution of the initial agreement, or of the action of the Board, providing for such Business Combination; or

 

(d)               
the approval by the stockholders of the Company of a complete liquidation or dissolution of the Company.

 

Severance Benefits

 

The benefits set forth below shall be paid
in the event of a Qualifying Termination:

 

	Executive Tier	Type of Qualifying Termination	Severance Benefits to be Paid
	Tier 1	Qualifying Termination 

                                                                                without

                                                                                 Change in Control
	
        ·  
        2x base salary plus 2x target annual bonus at the time of Qualifying Termination, payable in installments on normal payroll
        schedule; and

         

        ·  
        Pro-rata annual bonus for year of termination based on actual Company performance and number of days worked by the Executive
        during the fiscal year, to be paid at the same time bonuses are paid to active employees; and

         

        ·  
        Continued health and welfare benefits, or reimbursement thereof, for eighteen (18) months for the Executive and his or her
        spouse and dependents, subject to earlier termination when the Executive becomes eligible for such benefits from a subsequent employer.

         

	Qualifying Termination 

                                                                                following

                                                                                Change in Control
	
        ·  
        2.5x base salary plus 2.5x target annual bonus at the time of Qualifying Termination (or, if higher, at the time of Change
        in Control), payable in a lump sum within fifteen (15) days of termination; and

         

        ·  
        Pro-rata target annual bonus for year of termination based on number of days worked by the Executive during the fiscal year,
        payable in a lump sum within fifteen (15) days of termination; and

         

        ·  
        Continued health and welfare benefits, or reimbursement thereof, for eighteen (18) months for the Executive and his or her
        spouse and dependents, subject to earlier termination when the Executive becomes eligible for such benefits from a subsequent employer.

         

	Tier 2	Qualifying Termination 

                                                                                without

                                                                                 Change in Control
	
        ·  
        1.5x base salary plus 1.5x target annual bonus at the time of Qualifying Termination, payable in installments on normal
        payroll schedule; and

         

        ·  
        Pro-rata annual bonus for year of termination based on actual Company performance and number of days worked by the Executive
        during the fiscal year, to be paid at the same time bonuses are paid to active employees; and

         

        ·  
        Continued health and welfare benefits, or reimbursement thereof, for eighteen (18) months for the Executive and his or her
        spouse and dependents, subject to earlier termination when the Executive becomes eligible for such benefits from a subsequent employer.

         

	Qualifying Termination 

                                                                                following

                                                                                 Change in Control
	
        ·  
        2x base salary plus 2x target annual bonus at the time of Qualifying Termination (or, if higher, at the time of Change in
        Control), payable in a lump sum within fifteen (15) days of termination; and

         

        ·  
        Pro-rata target annual bonus for year of termination based on number of days worked by the Executive during the fiscal year,
        payable in a lump sum within fifteen (15) days of termination; and

         

        ·  
        Continued health and welfare benefits, or reimbursement thereof, for eighteen (18) months for the Executive and his or her
        spouse and dependents, subject to earlier termination when the Executive becomes eligible for such benefits from a subsequent employer.

         

	Tier 3	Qualifying Termination 

                                                                                without

                                                                                Change in Control
	
        ·  
        1x base salary plus 1x target annual bonus at the time of Qualifying Termination, payable in installments on normal payroll
        schedule; and

         

        ·  
        Pro-rata annual bonus for year of termination based on actual Company performance and number of days worked by the Executive
        during the fiscal year, to be paid at the same time bonuses are paid to active employees; and

         

        ·  
        Continued health and welfare benefits, or reimbursement thereof, for twelve (12) months for the Executive and his or her
        spouse and dependents, subject to earlier termination when the Executive becomes eligible for such benefits from a subsequent employer.

         

	Qualifying Termination

                                                                                 following Change in Control
	
        ·  
        1.5x base salary plus 1.5x target annual bonus at the time of Qualifying Termination (or, if higher, at the time of Change
        in Control), payable in a lump sum within fifteen (15) days of termination; and

         

        ·  
        Pro-rata target annual bonus for year of termination based on number of days worked by the Executive during the fiscal year,
        payable in a lump sum within fifteen (15) days of termination; and

         

        ·  
        Continued health and welfare benefits, or reimbursement thereof, for eighteen (18) months for the Executive and his or her
        spouse and dependents, subject to earlier termination when the Executive becomes eligible for such benefits from a subsequent employer.

         

 

    

     

    

 

If reimbursement of
health and welfare benefits (for any of the above termination events) is determined to be necessary in lieu of continued coverage
(as determined in the sole discretion of the Compensation & Management Development Committee), such reimbursement will be made
as monthly taxable cash payments. Treatment of all equity awards or any other long-term incentive awards will be governed by the
applicable award agreements and plan documents.

 

Any payments due hereunder
shall commence being made within sixty (60) days following the date of termination, but in no event later than five (5) days following
the date on which the applicable Release and Separation Agreement becomes irrevocable; provided that, if such 60-day period
begins in one taxable year and ends in a second taxable year, the payment shall commence in the second taxable year.

 

Golden Parachute “Best Net”

 

If an Executive would
be subject to an excise tax as a result of any severance payment to be made hereunder, then payments and benefits will be reduced
to the extent required to eliminate such excise tax, if such reduction would result in the Executive’s receipt of
a greater after-tax amount as compared to the amount he or she would receive net of excise tax if no such payment reduction were
made.

 

    

     

    

 

Conditions to Participation and Receipt
of Severance Payments; Release and Severance Agreement

 

By agreeing to participate
in this Executive Severance Policy, and as a condition to receiving any severance payments hereunder, the Executive agrees as follows:

 

·          
Release and Separation Agreement. The Executive and the Company agree that the Company’s offer of severance
benefits following a Qualifying Termination is wholly conditioned on the Executive’s execution of a Release and Separation
Agreement tendered by the Company which will contain standard provisions such as a full release and other appropriate provisions,
prohibitions, and obligations applicable to the Executive, including but not limited to restrictive covenants relating to non-solicitation,
non-disparagement, and non-competition. The Company may forego the payment of any or all severance benefits hereunder if the Executive
refuses to sign such an agreement tendered by the Company.

 

·          
Confidentiality, Non-Use, and Return of Property.  The Executive (a) will not and has not taken, altered, destroyed,
or deleted any files, documents, electronically stored information (in whatever form, including electronic mail and data) or other
materials belonging to, or created by or on behalf of the Company, whether or not containing any trade secrets or confidential
information; (b) during employment and thereafter, will not use or disclose any of the Company's trade secrets or confidential
information in any way or in any format, including written information, information stored by electronic means, and any information
retained in the Executive’s memory, and shall hold in confidence all non-public information regarding the Company's marketing,
business development, budgets or financial projections, or pending contracts, proposals or solicitations; (c) acknowledges that
all (i) correspondence, proposals, notes, reports, memoranda, records and files; (ii) plans, specifications, drawings, blueprints,
and designs; (iii) training, service or other manuals; (iv) customer or personnel lists or files, including mailing or contact
lists; (v) computer software, programs, disks or files; (vi) tools, materials or equipment; (vii) photographs, photostats, negatives,
undeveloped film; (viii) tape or electronic recordings (ix) information contained on any electronic storage or communications device
used by the Executive during his or her employment with the Company, including those furnished by the Company and those owned by
the Executive, and (x) any other documents or programs, whether compiled by the Executive or other employees of the Company, or
its contractors, vendors or consultants, and those which were made available to the Executive while employed at the Company, which
contain any confidential information or trade secrets or concern or describe any part of the Company's business, the Executive’s
employment or the Company's or Executive’s dealings, transactions or communications with any customers (all of which is hereinafter
collectively referred to as Company Information), are and shall remain the sole and exclusive property of the Company; (d) during
employment and thereafter, has not kept in his or her possession, and will not disclose nor deliver to anyone else any Company
Information whether in electronic, paper or any other format; and (e) has returned to the Company all of the Company's property
and all Company Information which had been in the Executive’s possession, including, but not limited to all access cards,
notes, data, forms, reference and training materials, applications, memoranda, computer programs, print-outs, disks and the information
contained in any computer, and any other records which contain, reflect or describe any confidential or proprietary information
or trade secrets belonging exclusively to the Company.

 

    

     

    

 

The provisions
set forth herein apply to any Company Information contained on or within any personal computer, mobile device, cell phone, iPad,
or any other telephonic or electronic communication or data storage device, including those owned by the Executive which were used
during the Executive’s employment with the Company (all of which are hereinafter collectively called “Electronic Devices”).
As a condition to receipt of the Severance Benefit described herein, the Executive will deliver to the Company any files, records,
notes or other documents, and any Electronic Devices which were used during the Executive’s employment with the Company and
which contain any Company Information. The Company shall have the right to inspect any Electronic Device and to remove any Company
Information therefrom, and to retain any file, record, note or other document containing Company Information.

 

·           
Arbitration of Disputes; Repayment of Legal Fees. Any dispute relating to the application, administration,
or interpretation of this Policy shall be settled by arbitration administered
in Houston, Texas, by the American Arbitration Association in accordance with its then effective arbitration rules. In the
event of a dispute relating to the application of this Policy, the Company will reimburse the Executive for his or her actual legal
fees and expenses, if the Executive prevails on at least one material issue related hereto.

 

·           
No Limitation or Restriction on Whistleblower Rights. Notwithstanding anything in this Policy to the contrary,
this Policy is not intended to, and shall be interpreted in a manner that does not, limit or restrict any Executive from exercising
any legally protected whistleblower rights (including pursuant to Rule 21F under the U.S. Securities Exchange Act of 1934).

 

Miscellaneous Provisions

 

·           
Multiple Severance or Termination Scenarios. In no event will an Executive receive severance payments under
multiple executive tiers, under multiple Qualifying Termination scenarios, or under multiple Company severance policies, Severance
Agreements, or Change in Control Agreements, or any combination thereof.

 

·          
Administration of Policy. This Executive Severance Policy is administered by the Compensation & Management
Development Committee, which shall have full and exclusive power and authority to administer the Policy and to take all actions
that the Policy expressly contemplates or that such Committee, in its sole discretion, determines are necessary or appropriate
in connection with the administration of the Policy with respect to any Qualifying Termination and any severance payment to be
made hereunder.

 

·          
Precedence. This Executive Severance Policy supersedes and takes precedence over any Severance Agreement or
Change in Control Agreement in place between the Company and any Executive who participates herein.

 

·          
Third-Party Beneficiaries. If the Executive is or was employed by a subsidiary of the Company, then such subsidiary
is intended to be a third-party beneficiary of this Agreement and shall have the right to enforce this Agreement, including but
not limited to the provisions relating to restrictive covenants and the Executive’s required entry into a release and severance
agreement prior to the payment of any amounts hereunder.

 

    

     

    

 

·           
Repayment of Severance Amounts under Certain Circumstances. In the event that the Executive breaches or otherwise
fails to abide by the terms of a Release and Severance Agreement required by this Policy, then (a) any unpaid amounts at the time
of such breach shall be forfeited in their entirety, and (b) any severance or similar amounts that had been previously paid to
such Executive under this Policy shall be repaid to the Company by the Executive within thirty (30) days of such breach.

 

·           
Compliance with Section 409A of the Code.  This Executive Severance Policy is intended to comply and shall be administered
in a manner that is intended to comply with Section 409A of the Internal Revenue Code of 1986, as amended, and shall be construed
and interpreted in accordance with such intent. To the extent that a payment is subject to Section 409A of the Code, the payment
shall be granted, paid, settled or deferred in a manner that will comply with Section 409A of the Code, including regulations or
other guidance issued with respect thereto, except as otherwise determined by the Compensation & Management Development Committee.
Any provision of this Executive Severance Policy that would cause the grant of an award or the payment, settlement or deferral
thereof to fail to satisfy Section 409A of the Code shall be amended to comply with Section 409A of the Code on a timely basis,
which may be made on a retroactive basis, in accordance with regulations and other guidance issued under Section 409A of the Code.

 

Notwithstanding
anything contained herein to the contrary, an Executive shall not be considered to have terminated employment with the Company
for purposes of any payments under this Executive Severance Policy which are subject to Section 409A of the Code until the Executive
would be considered to have incurred a "separation from service" from the Company within the meaning of Section 409A
of the Code.

 

Should any
payments made in accordance with the Policy to a “specified employee” (as defined under Section 409A of the Code) be
determined to be payments from a nonqualified deferred compensation plan and are payable in connection with an Executive’s
 “separation from service” (as defined under Section 409A of the Code), that are not exempt from Section 409A of the
Code as a short-term deferral or otherwise, these payments, to the extent otherwise payable within six (6) months after the Executive’s
separation from service, and to the extent necessary to avoid the imposition of taxes under Section 409A of the Code, will be paid
in a lump sum on the earlier of the date that is six (6) months and one day after the Executive’s date of separation from
service or the date of the Executive’s death. For purposes of Section 409A of the Code, the payments to be made to an Executive
in accordance with this Policy shall be treated as a right to a series of separate payments.

 

To the extent
required to avoid accelerated taxation and/or tax penalties under Section 409A of the Code, amounts reimbursable to an Executive
under this Policy shall be paid to such Executive on or before the last day of the year following the year in which the expense
was incurred and the amount of expenses eligible for reimbursement (and in-kind benefits provided) during any one year may not
effect amounts reimbursable or provided in any subsequent year.

 

The Company
makes no representation that any or all of the payments described in this Policy will be exempt from or comply with Section 409A
of the Code and makes no undertaking to preclude Section 409A of the Code from applying to any such payment. The Executive shall
be solely responsible for the payment of any taxes and penalties incurred under Section 409A.

 

·           
Term of Policy. This policy continues until terminated or amended by the Company’s Board of Directors, provided
that any termination and any amendment that reduces benefits or eliminates participants will not be effective until one year after
notice is provided to participants; and no termination or amendment that reduces benefits or eliminates participants will be effective
if a Change in Control occurs during such one-year notice period, or if any such change is adopted during the 24 months following
any Change in Control.

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