Document:

Deferred Compensation Plan

 Exhibit 10.5 

 
 First American Financial Corporation 

Deferred Compensation Plan 

(Amended and Restated 

Effective as of June 1, 2010) 

© Copyright 2010 

 Contents 
  

			
	 	  	Page
	 Introduction
	  	1
	 Background and History
	  	1
	 Restatement of Plan
	  	1
	 Application of Plan
	  	2
		
	 Article 1. Title, Definitions and Construction
	  	3
	 1.1 Title
	  	3
	 1.2 Definitions
	  	3
	 1.3 Gender and Number
	  	10
	 1.4 Headings
	  	10
	 1.5 Requirement to Be in “Written Form”
	  	10
		
	 Article 2. Participation
	  	11
	 2.1 Participation
	  	11
		
	 Article 3. Deferral Elections
	  	12
	 3.1 Elections to Defer Compensation
	  	12
	 3.2 Distribution Elections
	  	13
	 3.3 Investment Elections
	  	14
		
	 Article 4. Participant Accounts and Trust Funding
	  	15
	 4.1 Participant Accounts
	  	15
	 4.2 Funding of Trust
	  	15
		
	 Article 5. Vesting
	  	17
		
	 Article 6. Distributions
	  	18
	 6.1 Scheduled Distributions
	  	18
	 6.2 Post-2004 Early Distributions of Pre-2005 Plan Year Balances
	  	18
	 6.3 Distribution Upon Separation from Service
	  	18
	 6.4 Death Benefit
	  	18
	 6.5 Inability to Locate Participant
	  	20
	 6.6 No Acceleration of Payments
	  	20
	 6.7 Tax Withholding
	  	21
	 6.8 Six-Month Delay for Specified Employee
	  	21
	 6.9 Distributions Upon Unforeseeable Financial Emergency
	  	21
		
	 Article 7. Administration
	  	23
	 7.1 Plan Committee
	  	23
	 7.2 Operation of the Plan Committee
	  	23

 © Copyright 2010

  

 i 

 Contents 

(Continued) 
  

			
	 	  	Page
	 7.3 Agents
	  	24
	 7.4 Compensation and Expenses
	  	24
	 7.5 Plan Committee’s Powers and Duties
	  	24
	 7.6 Plan Committee’s Decisions Conclusive/Exclusive Benefit
	  	25
	 7.7 Indemnity
	  	25
	 7.8 Insurance
	  	27
	 7.9 Quarterly Statements and Notices
	  	27
	 7.10 Data
	  	28
	 7.11 Claims Procedure
	  	28
		
	 Article 8. Adoption And Withdrawal By Participating Companies
	  	31
	 8.1 Adoption of the Plan
	  	31
	 8.2 Withdrawal From the Plan
	  	31
	 8.3 Cessation of Future Contributions
	  	32
		
	 Article 9. Amendment and Termination
	  	33
	 9.1 Amendment and Termination Generally
	  	33
	 9.2 Amendment and Termination Following a Change of Control
	  	33
		
	 Article 10. Miscellaneous
	  	34
	 10.1 No Enlargement of Employee Rights
	  	34
	 10.2 Leave of Absence
	  	34
	 10.3 Withholding
	  	34
	 10.4 No Examination or Accounting
	  	34
	 10.5 Records Conclusive
	  	34
	 10.6 Service of Legal Process
	  	34
	 10.7 Governing Law
	  	34
	 10.8 Severability
	  	35
	 10.9 Facility of Payment
	  	35
	 10.10 General Restrictions Against Alienation
	  	35
	 10.11 Excise Tax for Code Section 409A Violations
	  	36
	 10.12 Counterparts
	  	36
	 10.13 Assignment
	  	36
	 Appendix A. The First American Corporation Deferred Compensation
	  	
	 Plan Effective as of January 1, 2000 (“Pre-409A Plan Document”)
	  	37

 © Copyright
2010 
  

 ii 

 Introduction 

Background and History 
 Effective as of
January 1, 1998, The First American Corporation (“TFAC”) originally established The First American Corporation Deferred Compensation Plan (“Original Plan”). The Original Plan was subsequently amended and restated by TFAC
effective as of January 1, 2009 to comply with the requirements of Code section 409A and the guidance issued by the Internal Revenue Service and the U.S. Treasury Department thereunder and to make certain other clarifying or technical
amendments to the Original Plan (“A&R Plan”). The A&R Plan has been subsequently amended by TFAC in order to address subsequent legal developments and the current version of the A&R Plan including the subsequent amendments
shall be referred to as the “Prior Plan.” On June 1, 2010, The First American Corporation transferred sponsorship and administration of the Prior Plan to the First American Financial Corporation (the “Company”). As a part of
this transfer, the Company assumed the liabilities under the portion of the Prior Plan covering the Company’s employees and those individuals identified as the Company’s former employees, and The First American Corporation remained
responsible for liabilities under the portion of the Prior Plan relating to those individuals identified as TFAC’s employees and former employees. 

In connection with the transfer, certain Participants are considered employees or former employees of both the Company and TFAC. Each company thereafter
will assume 50 percent of the liability for past and future benefits under the Plan and TFAC’s deferred compensation plan, respectively, for these dual employees. 

Restatement of Plan 
 The Company is now
amending and restating the Prior Plan to incorporate prior amendments and to reflect that it is the sole sponsor thereof, effective as of June 1, 2010 (“Effective Date”), in the form set forth herein (the “Plan”). The
provisions of this Plan are intended to govern the benefits allocated and payable to a Participant under this Plan both before and after June 1, 2010, provided, however, that, as set forth below, certain amounts designated as amounts in a
“Grandfathered Account” payable under the Plan that were earned and vested on or before December 31, 2004 shall be governed by the Pre-409A Plan Document as set forth in Appendix A. 

The Plan is intended to constitute a plan which is unfunded and maintained primarily for the purpose of providing deferred compensation to a select group
of management or highly compensated employees and is intended to meet the exemptions provided in ERISA sections 201(2), 301(a)(3), and 401(a)(1), as well as the requirements of Department of Labor Regulations section 2520.104-23. The Plan shall be
administered and interpreted so as to meet the requirements of these exemptions and the regulations. 
 Plan provisions in effect prior to 2005
are reflected in Appendix A to this Plan and are referenced in this restatement as the Pre-409A Plan Document. Nothing contained in this restatement shall be interpreted as amending or otherwise modifying any provision under the Pre-409A Plan
Document. For ease of reference, however, certain provisions in the restated Plan 
 © Copyright 2010 

 

 1 

 
document other than Appendix A do make reference to or describe Plan provisions in effect prior to 2005. 

Application of Plan 
 Certain amounts,
designated as amounts in a “Grandfathered Account” payable under this Plan were earned and vested on or before December 31, 2004. As a result, such amounts are not subject to Code section 409A. Amounts that are earned and vested after
December 31, 2004 are subject to Code section 409A. Since January 1, 2005, the Plan has been administered in good-faith compliance with all available Code section 409A guidance, including, but not limited to, proposed regulations issued
September 29, 2005 and final regulations issued April 17, 2007. On or after January 1, 2009, the Plan Committee shall administer this Plan in a manner designed to comply with Code section 409A and the Plan Committee shall disregard
any Plan provision if the Plan Committee determines that application of such provision would subject the Participant to an additional excise tax under Code section 409(a)(1)(B). 

© Copyright 2010 
  

 2 

 Article 1. Title, Definitions and Construction 

1.1 Title 
 This Plan
shall be known as “The First American Financial Corporation Deferred Compensation Plan, Effective as of June 1, 2010.” 

1.2 Definitions 

Whenever the following words and phrases are used in this Plan, with the first letter capitalized, they shall have the meanings specified below.

  

	(a)	“Account” means a Participant’s post-2004 Deferral Account. 

 

	(b)	“Affiliate” means: 

  

	 	(1)	Any entity or organization that, together with the Company, is part of a controlled group of corporations, within the meaning of Code section 414(b);

  

	 	(2)	Any trade or business that, together with the Company, is under common control, within the meaning of Code section 414(c); and 

 

	 	(3)	Any entity or organization that is required to be aggregated with the Company, pursuant to Code sections 414(m) or 414(o). 

For purposes of this Plan, however, the term “Affiliate” shall be interpreted such that the phrase “at least 50
percent” will be substituted for the phrase “at least 80 percent” in each place that it appears in Code section 1563. Additionally, an entity shall be an Affiliate only during the period when the entity has the required relationship,
under this Plan section 1.2, with the Company. 
  

	(c)	“Base Salary” means a Participant’s annual base salary and all other remuneration for services rendered to a Participating Company, prior to
reduction for any salary contributions to a plan established pursuant to Code sections 125 or 401(k), including payments from other non-qualified deferred compensation plans sponsored by a Participating Company, but excluding bonus or other
incentive payments or income derived from equity-based compensation. 

  

	(d)	“Beneficiary” means the person, persons or entity designated by a Participant to receive the benefits described in this Plan in the event of the
Participant’s death. 

 Each Participant shall designate in writing consistent with Plan section 1.5 and in
accordance with procedures established by the Plan Committee the person or persons, including a trustee, personal representative or other fiduciary, to receive the benefits specified hereunder in the event of the Participant’s death. No
Beneficiary designation shall become effective until it is filed with the Plan Committee. Any designation shall be revocable at any time through a written instrument filed by the Participant with the Plan Committee with or without the consent of the
previous Beneficiary. If there is no Beneficiary designation in effect, then the person designated to receive the death benefit 

© Copyright 2010 
  

 3 

 
specified in Plan section 6.4 shall be the Beneficiary. However, no designation of a Beneficiary other than the Participant’s spouse shall be valid unless the spouse has consented to such
designation in writing in accordance with procedures established by the Plan Committee or its designee. If there is no such designation or if there is no surviving designated Beneficiary, then the Participant’s surviving spouse shall be the
Beneficiary. If there is no surviving spouse to receive any benefits payable in accordance with the preceding sentence, the duly appointed and currently acting personal representative of the Participant’s estate (which shall include either the
Participant’s probate estate or living trust) shall be the Beneficiary. In any case where there is no such personal representative of the Participant’s estate duly appointed and acting in that capacity within 90 days after the
Participant’s death (or such extended period as the Plan Committee determines is reasonably necessary to allow such personal representative to be appointed, but not to exceed 180 days after the Participant’s death), then Beneficiary shall
mean the person or persons who can verify by affidavit or court order to the satisfaction of the Plan Committee that they are legally entitled to receive the benefits specified hereunder. In the event any amount is payable under the Plan to a minor,
payment shall not be made to the minor, but instead be paid: 
  

	 	(1)	To that person’s living parent(s) to act as custodian; 

  

	 	(2)	If that person’s parents are then divorced, and one parent is the sole custodial parent, to such custodial parent; or 

 

	 	(3)	If no parent of that person is then living, to a custodian selected by the Plan Committee to hold the funds for the minor under the Uniform Transfers or Gifts to Minors
Act in effect in the jurisdiction in which the minor resides. If no parent is living and the Plan Committee decides not to select another custodian to hold the funds for the minor, then payment shall be made to the duly appointed and currently
acting guardian of the estate for the minor or, if no guardian of the estate for the minor is duly appointed and currently acting within 60 days after the date the amount becomes payable, payment shall be deposited with the court having jurisdiction
over the estate of the minor. Any and all liability of the Company shall terminate upon payment by the Company of all benefits owed hereunder pursuant to any unrevoked Beneficiary designation or to the Participant’s estate if no such
designation exists. 

  

	(e)	“Board” means the Board of Directors of the First American Financial Corporation. 

 

	(f)	“Bonuses” means such additional amounts of income or incentive pay as a Participating Company may determine to pay to an employee, as determined in the
sole and absolute discretion of such Participating Company. Income attributable to equity-based compensation will not be included in this definition. 

  

	(g)	“Change of Control” means the occurrence of any of the following: 

 

	 	(1)	The acquisition by any person, entity or “group” (as defined in section 13(d)(3) of the Securities Exchange Act of 1934, as amended (“Exchange
Act”)) as beneficial 

 © Copyright 2010 

 

 4 

	 	
owner, directly or indirectly, of securities of the Company representing 25% or more of the combined voting power of the then outstanding securities of the Company. 

 

	 	(2)	A change in the composition of the Board occurring within a two-year period, as a result of which fewer than a majority of the directors are Incumbent Directors; or

  

	 	(3)	Any other event constituting a change of control required to be reported in response to item 6(e) of Schedule 14A of Regulation 14A under the Exchange Act.

 Notwithstanding the foregoing, a Change of Control shall not be deemed to have occurred by reason of the
acquisition of Company securities by the Company, any entity controlled by the Company or any plan sponsored by the Company which is qualified under Code section 401(a) or by reason of the acquisition of Company securities (either directly or
indirectly as a result of a merger, consolidation or otherwise) or other corporate restructuring event of the Company in a transaction approved by the Incumbent Directors. 

 

	(h)	“Code” means the Internal Revenue Code of 1986, as amended. 

 

	(i)	“Commissions” means a Participant’s remuneration earned from a Participating Company that is dependent on sales activity and is not related to
Base Salary or Bonuses. 

  

	(j)	“Company” means The First American Financial Corporation and any successor corporation or corporations. 

 

	(k)	“Compensation” means the Base Salary, Commissions and Bonuses that the Participant is entitled to receive for services rendered to the Company. All
deferral elections are applied to the Plan Year in which the Compensation is earned, regardless of when it is paid. Deferral elections covered under subsection (w) shall not include Compensation earned prior to the expiration of the 30-day
period reflected at subsection (w). 

  

	(l)	“Deferral Account” means the bookkeeping account maintained by the Plan Committee for each Participant that is credited with amounts earned and vested
on and after December 31, 2004 equal to 

  

	 	(1)	the portion of the Participant’s Compensation that the Participant elects to defer, and 

 

	 	(2)	Interest pursuant to Plan section 4.1. 

  

	 	(m)	“Deferral Amount” means the amount of the Participant’s Compensation that the Participant elects to defer each Plan Year pursuant to Article 3 of
the Plan. 

  

	 	(n)	“Disability” means a physical or mental condition which renders the Participant eligible for disability payments under the Social Security Act.

 © Copyright 2010 
  

 5 

	(o)	“Distributable Amount” means the balance in the Participant’s Deferral Account provided that such balance in the Deferral Account has also
satisfied all requirements in Article 6 of the Plan necessary to be distributable. 

  

	(p)	“Early Distribution” means an election by a Participant, with respect to the Participant’s pre-2005 Plan Year balances as set forth in the
Pre-409A Plan Document at Appendix A, and in accordance with Plan section 6.2 to accelerate or otherwise change the time or form (or time and form) of payment with respect to such pre-2005 deferrals. 

 

	(q)	“Effective Date” means June 1, 2010. 

  

	(r)	“Eligible Employee” means such management and highly compensated employees as are designated by the Plan Committee or its designee for participation in
this Plan. 

  

	(s)	“ERISA” means the Employee Retirement Income Security Act of 1974, as amended. 

 

	(t)	“Fund” means one or more of the investment funds selected by the Plan Committee pursuant to Plan section 3.3. 

 

	(u)	“Grandfathered Account” means the Account of a Participant composed entirely of deferred compensation that was earned and vested prior to 2005. Amounts
designated to the Grandfathered Account are not subject to Code section 409A and are governed solely by the terms of the Pre-409A Plan Document as set forth at Appendix A. 

 

	(v)	“Incumbent Directors” means directors who either are: 

  

	 	(1)	Directors of the Company as of June 1, 2010; or 

  

	 	(2)	Elected, or nominated for election, to the Board with the affirmative votes of at least two-thirds of the Incumbent Directors at the time of such election or
nomination, but shall not include an individual not otherwise an Incumbent Director whose election or nomination is in connection with an actual or threatened proxy contest relating to the election of directors to the Company.

  

	(w)	“Initial Election Period” means the 30-day period immediately following the date an employee shall first be designated by the Company as an Eligible
Employee for purposes of Article 2 of the Plan or any other account based plan established or maintained by the Company or any Affiliate that allows for the elective deferral of compensation, as determined under Treasury Regulations section
1.409A-1(c)(2)(i)(A). 

  

	(x)	“Investment Return” means, for each Fund, an amount equal to the net rate of gain or loss on the assets of such Fund during each business day.

  

	(y)	“Key Employee Policy” means the policy used by the Company to identify Specified Employees consistent with the requirements of Treasury Regulations
section 1.409A-1(i). 

  

	(z)	“Military Leave” means leave subject to reemployment rights under the Uniformed Services Employment and Reemployment Rights Act of 1994, as amended.

 © Copyright 2010 
  

 6 

	(aa)	“Participant” means any Eligible Employee who becomes a Participant in accordance with Article 2 of the Plan. 

 

	(bb)	“Participating Company” means the Company and each Affiliate that the Board of the Company or its designee authorizes to participate in this Plan
provided that each such Affiliate’s governing body has accepted such offer to have certain of its employees to be eligible to participate. 

  

	(cc)	“Payment Date” means: 

  

	 	(1)	the first month following the end of the calendar quarter in which the Participant has a Separation from Service; or 

 

	 	(2)	a Scheduled Withdrawal Date. 

Notwithstanding the above, the Payment Date for a Specified Employee on account of a Separation from Service will not be prior to the
expiration of the six-month anniversary of such Specified Employee’s Separation from Service. 
  

	(dd)	“Payment Event” means the Participant’s Separation from Service, including a Separation from Service caused by the Participant’s death, the
Participant’s elected Scheduled Withdrawal Date or a qualifying Unforeseeable Financial Emergency as set forth in Plan section 6.9. 

  

	(ee)	“Plan” means The First American Financial Corporation Deferred Compensation Plan, as amended from time to time. 

 

	(ff)	“Plan Committee” means the Plan Committee appointed by the Board to administer the Plan in accordance with Article 7 of the Plan.

  

	(gg)	“Plan Year” means the 12-consecutive month period beginning on each January 1 and ending on December 31. 

 

	(hh)	“Policy” means the life insurance policy or policies purchased in accordance with the terms of this Plan and held by the Trust.

  

	(ii)	“Pre-409A Plan Document” means the document as in effect on or before December 31, 2004 and prior to the application of Code section 409A, as
incorporated into the Plan and set forth as Appendix A. 

  

	(jj)	“Qualified Divorce Order” means a divorce order that: 

  

	 	(1)	Creates or recognizes the existence of an alternate payee’s right to, or assigns to an alternate payee the right to, receive all or a portion of the benefits
payable to a Participant under this Plan; 

  

	 	(2)	Clearly specifies: 

 ©
Copyright 2010 
  

 7 

	 	(A)	The name and the last known mailing address of the Participant and the name and mailing address of the alternate payee covered by the order; 

 

	 	(B)	The amount or percentage of the Participant’s benefits to be paid by this Plan to the alternate payee, or the manner in which such amount or percentage is to be
determined; 

  

	 	(C)	That the alternate payee will receive a lump sum distribution; and 

  

	 	(D)	That it applies to this Plan; and 

  

	 	(3)	Does not: 

  

	 	(A)	Require this Plan to provide any type or form of benefit, or any option, not otherwise provided under the Plan; 

 

	 	(B)	Require this Plan to provide increased benefits; 

  

	 	(C)	Require the payment of benefits to an alternate payee that are required to be paid to another alternate payee under another divorce order previously determined to be a
Qualified Divorce Order; or 

  

	 	(D)	Require the payment of benefits under this Plan at a time or in a manner that would cause the Plan to fail to satisfy the requirements of Code section 409A (or other
applicable section) and any regulations promulgated thereunder or that would otherwise jeopardize the deferred taxation treatment of any amounts under this Plan. 

 

	(kk)	“Scheduled Withdrawal” means the amount of Compensation deferred by a Participant in a given Plan year, and earnings and losses attributable thereto,
which the Participant elected at the time that the corresponding deferral election was made to have distributed in-service at a Scheduled Withdrawal Date. A Participant may not elect to receive a Scheduled Withdrawal equal to an amount other than
the total amount of Compensation (and related earnings or losses) deferred during the Plan Year to which the Scheduled Withdrawal relates. 

  

	(ll)	“Scheduled Withdrawal Date” means the distribution date elected by the Participant at the time that the corresponding Plan Year deferral election was
made for a Scheduled Withdrawal. A Participant’s Scheduled Withdrawal Date with respect to amounts of Compensation deferred in a given Plan Year cannot be paid until after the expiration of two Plan Years from the last day of the Plan Year for
which the corresponding deferrals of Compensation were made (e.g., 2012 for deferrals made in 2009). 

  

	(mm)	“Separation from Service” means the date on which a Participant ceases to be an employee of the Company (or any Affiliate) on account of the
Participant’s retirement, death, or other termination of employment. Whether or not a Participant has incurred a Separation from Service will be based on all surrounding relevant circumstances, including, but not limited to, the reasonable
belief of both the Participant and the 

 © Copyright 2010 

 

 8 

 Company (or Affiliate) that the Participant will perform no future services for the Company
(or Affiliate) as an employee, as a contractor or in any other capacity. The Plan will treat an anticipated permanent reduction in the level of bona fide services provided by the Participant to the Company or an Affiliate as a Separation from
Service provided that it is reasonable for the Company or the Affiliate to anticipate that the Participant’s reduced level of bona fide services will not exceed 49 percent of the average level of bona fide services provided by such Participant
within the immediately preceding applicable 36 months within the meaning of Treasury Regulations section 1.409A-1(h)(1)(ii). 

For purposes of this defined term, no Separation from Service will be deemed to have occurred if the Participant (1) transfers
employment from the Company or an Affiliate to another member of the Company’s Code section 414 controlled group; or (2) experiences a Military Leave. For this purpose, controlled group membership will include the Company and each
Affiliate whether or not such Affiliate is also a Participating Company. 
 Notwithstanding the foregoing, in the event that all
or substantially all of the assets of the Company are acquired by an unrelated third-party buyer, the Company and such buyer will have the discretionary authority consistent with the requirements of Treasury Regulations section 1.409A-1(h)(4) to
determine whether or not such asset transaction results in a Separation from Service for Participants from the Company. 
  

	(nn)	“Specified Employee” means a Participant qualifying as a “key employee” for purposes of Code section 416 (determined without regard to Code
section 416(i)(5) by satisfying any one of the following conditions at any time during the 12-month period ending on each December 31 (“Identification Date”): 

 

	 	(1)	The Participant is among the top-paid 50 officers of the Company with annual compensation (within the meaning of Code section 415(c)(3)) in excess of $145,000 (subject
to cost-of-living adjustments); 

  

	 	(2)	The Participant is a five-percent owner; or 

  

	 	(3)	The Participant is a one-percent owner and has annual compensation in excess of $150,000. 

If an individual is a key employee as of an Identification Date, including an individual who acknowledges his Specified Employee status to
the Company immediately prior to the date of his Separation from Service, the individual shall be treated as a Specified Employee for the 12-month period beginning on April 1 following the Identification Date. For the limited purpose of
applying the “one-percent” and “five-percent” ownership rules, ownership is determined with respect to the entity for which the Eligible Employee provides services. The Code’s controlled and affiliated service group rules do
not apply when determining a Participant’s ownership interests. Notwithstanding the foregoing, an individual shall not be treated as a Specified Employee unless any stock of the Company or any Affiliate is publicly traded on an established
securities market or otherwise. 
 © Copyright 2010 

 

 9 

 For purposes of making its annual Specified Employee determination, the Company shall
consider compensation treated as recognizable pay under the so-called “Code section 415 general” definition of pay. 

Notwithstanding the above, the Company may (but is not required to) adopt an alternative method for identifying Specified Employees,
provided such method satisfies the requirements set forth at Treasury Regulations section 1.409A-1(i)(5). 
  

	(oo)	“Subsequent Election Period” means any election period after the expiration of the Participant’s Initial Election Period.

  

	(pp)	“Trust” means The First American Financial Corporation Deferred Compensation Plan Trust, As Amended and Restated as of June 1, 2010.

  

	(qq)	“Unforeseeable Financial Emergency” means an unanticipated emergency that is caused by an event beyond the control of the Participant that would result
in severe financial hardship to the Participant, which the Participant cannot satisfy through insurance reimbursements, the liquidation of other assets (but only if such liquidation would not itself cause a hardship) or by stopping deferrals under
this Plan, and resulting from: 

  

	 	(1)	A sudden and unexpected illness or accident of the Participant or a dependent of the Participant (as defined in Code section 152(a)); 

 

	 	(2)	A casualty loss involving the Participant’s property; or 

  

	 	(3)	Such other extraordinary and unforeseeable circumstances arising as a result of events beyond the control of the Participant, all as determined in the sole discretion
of the Plan Committee. 

 1.3 Gender and Number 

Any masculine or feminine terminology shall also include the opposite gender, and the definition of any term in the singular or plural shall also include
the opposite number. 
 1.4 Headings 

The headings of this Plan are inserted for convenience or reference only, and they are not to be used in the construction of the Plan. 

1.5 Requirement to Be in “Written Form” 

Various notices provided by the Company, the Plan Committee, or any duly authorized agent of either of them and various elections made by Participants,
Beneficiaries or other payees are required to be in written form. Notwithstanding anything to the contrary in this Plan, any notices and elections related to, or that may constitute part of, the Plan may be conveyed through an electronic system or
any other system approved by the Plan Committee unless otherwise provided under applicable law or regulatory guidance. 
 ©
Copyright 2010 
  

 10 

 Article 2. Participation 

2.1 Participation 
 An
Eligible Employee shall become a Participant in the Plan by electing to defer a portion of his Compensation in accordance with Plan section 3.1. If a Participant has a Separation from Service and is subsequently reemployed, the Participant may not
reenter the Plan until the Plan Year that follows a period of twenty-four (24) months from the Participant’s date of reemployment. If a Participant transfers to an entity that is not an Affiliate, such Participant’s participation in
this Plan shall cease upon such transfer. If the Participant transfers to an Affiliate, whether or not such Affiliate is also a Participating Company, the deferral election made by a Participant for the Plan Year which includes the date of transfer
shall remain in effect for the remainder of such Plan Year. Participants who transfer to an Affiliate which is not a Participating Company shall not be eligible to make a deferral election with respect to any Plan Year following the Plan Year in
which their transfer to such Affiliate was first effective until such time (if ever) that such Participant’s employment is transferred back to the Company or a Participating Company or until such time (if ever) that such nonparticipating
Affiliate becomes a Participating Company. 
 © Copyright 2010 

 

 11 

 Article 3. Deferral Elections 

3.1 Elections to Defer Compensation 

Each Eligible Employee may elect to defer Compensation in accordance with this Plan section 3.1. 

 

	(a)	Initial Election Period. Subject to the provisions of Article 2 of the Plan, each Eligible Employee may elect to defer Compensation not yet earned by filing with
the Plan Committee an election that conforms to the requirements of this Plan section 3.1, in a manner provided by the Plan Committee, no later than the last day of his Initial Election Period. Each Participant’s election made during his
Initial Election Period (if any) will remain in effect from Plan Year to Plan Year until the Participant changes such election pursuant to subsection (d). 

  

	(b)	Subsequent Election Periods. Any Eligible Employee who fails to elect to defer Compensation during his Initial Election Period may subsequently become a
Participant by filing an election, in a manner provided by the Plan Committee, to defer Compensation as described in subsection (a), above, on or before December 31 of a Plan Year with respect to Compensation to be earned in the next following
Plan Year. Each Participant’s election during any Subsequent Election Period (if any) will remain in effect from Plan Year to Plan Year until the Participant changes such election pursuant to subsection (d). 

 

	(c)	Required Deferral Amount. The amount of Compensation which an Eligible Employee may elect to defer shall be a whole percentage or a specified dollar amount which
shall not exceed 100% of the Eligible Employee’s Compensation or applicable component of Compensation, and provided that the total amount deferred by a Participant shall be limited in any calendar year, if necessary, to satisfy Social Security
tax and Medicare, income tax, employee benefit plan and other withholding requirements as determined in the sole and absolute discretion of the Plan Committee. If a Participant elects to defer a specified dollar amount from one or more eligible
sources of Compensation (Base Salary, Bonuses, Commissions) and the specified dollar amount exceeds the amount of Compensation in one or more of the eligible sources of Compensation as previously elected by the Participant, a deferral of up to 100%
of the Eligible Employee’s Compensation or applicable component of Compensation, consistent with the tax, withholding and benefit plan requirements set forth in the preceding sentence, shall be deemed to satisfy such previously elected
specified dollar deferral. 

  

	(d)	Modification of Deferral Election Generally. A Participant may increase, decrease or terminate a deferral election with respect to Compensation for any
subsequent Plan Year by filing a new election on or before December 31, which election shall be effective on the first day of the next following Plan Year. If no such modification of a prior deferral election is made on or before each
successive December 31, then the standing deferral election, as described in subsections (a) and (b) above shall continue in effect until it is modified under this subsection. 

© Copyright 2010 
  

 12 

	(e)	Modification of Deferral Election Upon Unforeseeable Financial Emergency. A Participant may request to suspend their deferral election due to an Unforeseeable
Financial Emergency. The Plan Committee will make a determination of whether or not to grant such Participant’s request. If the Plan Committee determines a Participant experienced an Unforeseeable Financial Emergency, the Participant’s
standing election covering the Initial Election Period or Subsequent Election Period, as applicable, will be suspended for the remainder of the period covered by such Initial Election Period or Subsequent Election Period. 

 

	(f)	Transfers. A Participant who transfers from the Company or a Participating Company to a non-participating Affiliate shall have his deferral election remain in
place for the remainder of the Plan Year in which such transfer was first effective. 

 3.2 Distribution Elections

  

	(a)	Form of Distribution. Concurrently with the filing of a Participant’s Plan Year election to defer, a Participant shall elect the form of distribution from
among the following options in a manner provided by the Plan Committee: 

  

	 	(1)	A lump sum distribution beginning on the Participant’s Payment Date; or 

 

	 	(2)	Except in the case of a Scheduled Withdrawal, substantially equal quarterly installments over five (5), ten (10), or fifteen (15) years beginning on the
Participant’s Payment Date. 

 Except in the case of a Scheduled Withdrawal, a distribution election made with
respect to a Deferral Amount will remain in effect beyond the Plan Year for which the distribution election was originally made until the Participant subsequently changes it. If a Participant fails to elect an optional form of benefit as provided
above by the due date determined for making such election, the Participant’s Distributable Amount will be distributed in a lump sum beginning on the Participant’s Payment Date. If a Participant makes an election to receive installments
with respect to deferrals that apply to one or more Plan Years and later experiences a Separation from Service, and begins to receive such installment payments and is then later rehired, such installment payments related to the Participant’s
prior period of service must continue to be paid as if the Participant was never rehired. 
  

	(b)	Post-2004 Plan Year Deferrals. For the deferrals that relate to each successive Plan Year after 2004, a Participant may make a one-time election to change the
time or form (or time and form) of distribution of the Participant’s corresponding Plan Year balance so long as such election is not effective for twelve months, does not accelerate the time in which the distribution is to be received, is made
not less than twelve (12) months prior to the Participant’s Separation from Service or the Scheduled Withdrawal Date for a Scheduled Withdrawal, as the case may be, and results in a delay in the Payment Date of not less than five
(5) years. Any such one-time election change made with respect to deferrals relating to a specific Plan Year after 2004 will not change the original election made with respect to the deferrals for any other specific Plan Year after 2004.

 © Copyright 2010 
  

 13 

	(c)	$25,000 Lump Sum. In the case of a Participant with an Account balance of less than $25,000 (exclusive of any amount subject to an election for a Scheduled
Withdrawal) at the end of the calendar quarter in which the Participant has a Separation from Service, the Distributable Amount shall be paid to the Participant by the Payment Date (and after his death to his Beneficiary) in a lump sum, regardless
of the election made by the Participant, provided further that such accelerated lump sum payout will only apply if such payout results in the termination of the Participant’s entire interest in this Plan and all other account-based elective
deferral plans aggregated with this Plan under Code section 409A. 

  

	(d)	Earnings. The Participant’s Account shall continue to be credited with earnings pursuant to Plan section 4.1 until all amounts credited to the
Participant’s Account under the Plan have been distributed. For lump sum distributions, a Participant’s Account will be credited with earnings through the last day of the calendar quarter in which the Participant has a Separation from
Service. Lump sum distributions that are payable to a Specified Employee, as defined in Plan section 1.2(nn), and, therefore, subject to a six-month delay shall be credited with earnings through the last day of the calendar month coincident with or
immediately following the expiration of such six-month period. For installment payments, a Participant’s Account will be credited with earnings through the last day of the calendar quarter which includes the last remaining installment payment.
For Scheduled Withdrawals, a Participant’s Account will be credited with earnings through the applicable December 31 immediately preceding the Scheduled Withdrawal Date. 

3.3 Investment Elections 
  

	(a)	At the time of making the deferral elections described in Plan section 3.1, the Participant shall designate, in a manner provided by the Plan Committee, the types of
investment funds in which the Participant’s Account will be deemed to be invested for purposes of determining the amount of earnings to be credited to his Account. In making the designation pursuant to this Plan section 3.3, the Participant may
specify that all or any percentage of his Account (in whole percentage increments) be deemed to be invested in one or more of the types of investment funds provided under the Plan as communicated from time to time by the Plan Committee. A
Participant may change the designation made under this Plan section 3.3, any day by filing an election, in a manner provided by the Plan Committee. If a Participant fails to elect a type of fund under this Plan section 3.3, the Participant shall be
deemed to have elected the Money Market type of investment fund. 

  

	(b)	Although the Participant may designate the type of investments, the Plan Committee shall not be bound by such designation. The Plan Committee shall select from time to
time, in its sole discretion, certain investment crediting options, all of which are communicated by the Plan Committee to the Participant pursuant to subsection (a), above, and such designated investments shall constitute the Funds. The Investment
Return of each such commercially available investment fund shall be used to determine the amount of earnings or losses to be credited to the Participant’s Account under Article 4 of the Plan. 

© Copyright 2010 
  

 14 

 Article 4. Participant Accounts and Trust Funding 

4.1 Participant Accounts 

The Plan Committee shall establish and maintain a Deferral Account for each Participant under the Plan. Each Participant’s Deferral Account and
Company Contribution Account shall be further divided into separate subaccounts (“investment fund subaccounts”), each of which corresponds to an investment fund elected by the Participant pursuant to Plan section 3.3(a). A
Participant’s Deferral Account shall be credited as follows: 
  

	(a)	Within five business days of Compensation being withheld, the Plan Committee shall credit the investment fund subaccounts of the Participant’s Deferral Account
with an amount equal to the Compensation deferred by the Participant during each pay period in accordance with the Participant’s election under Plan section 3.3(a); that is, the portion of the Participant’s deferred Compensation that the
Participant has elected to be deemed to be invested in a certain type of investment fund shall be credited to the investment fund subaccount corresponding to that investment fund. Deferrals of Base Salary will be deducted from each applicable
paycheck. Deferrals of Commissions and Bonuses will be deducted when paid. 

  

	(b)	At the end of every business day, each investment fund subaccount of a Participant’s Deferral Account shall be credited with earnings or losses in an amount equal
to that determined by multiplying the balance credited to such investment fund subaccount as of each preceding business day by the Investment Return for the corresponding fund selected by the Company pursuant to Plan section 3.3(b).

  

	(c)	In the event that a Participant elects to defer Compensation for a given Plan Year, all amounts attributed to the deferral of Compensation for such Plan Year shall be
accounted for in a manner which allows separate accounting for the deferral of such Compensation and investment gains and losses associated with such Plan Year’s deferral of Compensation. 

4.2 Funding of Trust 
  

	(a)	The Company has created a Trust with First American Trust, FSB serving as the initial trustee (the “Trustee”). Unless the Plan is deemed to be in a
“restricted period” within the meaning of Code section 409A(b)(3), each Participating Company shall contribute to the Trust for such Plan Year: 

  

	 	(i)	the total amount deferred by each Participant for the Plan Year not yet contributed to the Trust; less 

 

	 	(ii)	the total amount of accrued Plan distributions paid by the Company still reflected in the Trust. 

Each Participating Company may also contribute such additional amounts as it shall deem necessary or appropriate. 

© Copyright 2010 
  

 15 

	(b)	Although the principal of the Trust and any earnings thereon shall be held separate and apart from other funds of a Participating Company and shall be used exclusively
for the uses and purposes of Plan Participants and Beneficiaries as set forth therein, neither the Participants nor their Beneficiaries shall have any preferred claim on, or any beneficial ownership in, any assets of the Trust prior to the time such
assets are paid to the Participants or Beneficiaries as benefits and all rights created under this Plan shall be unsecured contractual rights of Plan Participants and Beneficiaries against the Participating Company. 

 

	(c)	Prior to an event of insolvency, as defined in the Trust, the assets of the Plan and Trust shall never inure to the benefit of the Participating Company and the same
shall be held for the exclusive purpose of providing benefits to Participants and their beneficiaries, including the payment of reasonable expenses of administering the Plan and Trust. Upon an event of insolvency, as defined in the Trust, assets
held in the Trust will be subject to the claims of a Participating Company’s general creditors under federal and state law as further specified in the Trust. 

© Copyright 2010 
  

 16 

 Article 5. Vesting 

A Participant’s Deferral Account shall be 100% vested at all times. 

© Copyright 2010 
  

 17 

 Article 6. Distributions 

6.1 Scheduled Distributions 

In the case of a Participant who has elected a Scheduled Withdrawal while still in the employ of a Participating Company, such Participant shall receive
his Scheduled Withdrawal amount pursuant to Plan section 3.2. If a Participant has a Separation from Service prior to a Scheduled Withdrawal Date, other than by reason of death, the portion of the Participant’s Account associated with the
Participant’s selected Scheduled Withdrawal Dates which have not occurred prior to such Separation from Service shall be distributed in a lump sum, provided, however, such lump sum will be delayed for six (6) months following the
Participant’s Separation from Service consistent with Plan sections 1.2(cc) and 1.2(nn). 
 6.2 Post-2004 Early
Distributions of Pre-2005 Plan Year Balances 
 Except as specified below, the Participant’s right to elect an Early Distribution from
the portion of his Deferral Account that represents pre-2005 Plan Year balances is not amended and the Plan terms governing such Early Distribution, including the ten percent payment forfeiture provision, are reflected in Appendix A of this Plan. On
or after the Effective Date, a Participant making an election to take an Early Distribution will result in the Participant being suspended from making a Deferral Amount for two Plan Years commencing with the January 1 next following the date on
which the Participant makes such Early Distribution election. Deferrals (and investment earnings on such deferrals) made to this Plan after 2004 are not eligible for an Early Distribution. 

6.3 Distribution Upon Separation from Service 

Upon the Participant’s Separation from Service, whether by reason of retirement or for any reason other than death, a Participant shall receive his
Distributable Amount pursuant to Plan section 3.2 on the Payment Date following such Separation from Service. 
 6.4 Death
Benefit 
  

	(a)	Death Benefit While Still Employed. In the case of a Participant who dies while employed by a Participating Company, the following benefits shall be provided:

  

	 	(1)	The Account Balance in a lump sum or installments as previously elected by the Participant and, subject to the provisions of this Article 6 of the Plan but without
regard to the six-month payment delay for Specified Employees; and 

  

	 	(2)	In the case of an employee who became a Participant prior to January 1, 2002, that portion of the death benefit of any Policy purchased by the Trust to insure the
life of the Participant and earmarked by the Plan Committee to provide benefits under this Section 6.4(a)(2) equal to the amounts described in subsections (a)(2)(A) through (C) and not to exceed $2 million. Furthermore, if the Participant
dies while in service on or after attainment of age 61, the benefit under this Plan section, after application of the $2 million limit described above, shall be reduced by 20% for each full year after the Participant’s attainment of age 60;
provided, however, that if the Participant is over age 61 as of February 1, 2003, the benefit will be reduced by 20% for each full year after February 1, 2002 and not as described in the preceding sentence. 

© Copyright 2010 
  

 18 

	 	(A)	If a Participant elects during his first twelve months of Plan participation (whether or not such election occurs during more than one Plan Year) to defer Base Salary
only, such Participant’s death benefit shall equal his Base Salary deferrals over the first twelve months of Plan participation multiplied by fifteen. This amount shall constitute the Participant’s death benefit under this
Section 6.4(a)(2) prior to any reduction described in the first paragraph thereof for the remainder of his participation in the Plan. 

  

	 	(B)	If a Participant elects during his first twelve months of Plan participation (whether or not such election occurs during more than one Plan Year) to defer Bonuses
and/or Commissions only, at the end of the initial twelve-month period (which may or may not span more than one Plan Year) the amount of the Participant’s deferral of Bonuses and/or Commissions shall be aggregated and multiplied by fifteen,
which amount shall constitute the Participant’s death benefit under this Section 6.4(a)(2) prior to any reduction described in the first paragraph thereof for the remainder of his participation in the Plan. 

 

	 	(C)	If a Participant elects during his first twelve months of Plan participation (whether or not such election occurs during more than one Plan Year) to defer Base Salary
and Bonuses and/or Commissions, at the end of the initial twelve-month period (which may or may not span more than one Plan Year) the Participant’s death benefit shall equal the amount of Base Salary deferrals during the first twelve months
multiplied by fifteen plus the aggregate amount of all deferrals of Bonuses and/or Commissions which occurred during the first twelve months multiplied by fifteen. This amount shall constitute the Participant’s death benefit under this
Section 6.4(a)(2) prior to any reduction described in the first paragraph thereof for the remainder of his participation in the Plan. 

  

	 	(3)	The Participant may designate a beneficiary with respect to the portion of the Policy proceeds described in Section 6.4(a)(2) above in the event the Participant
dies prior to otherwise incurring a Separation from Service. The Participant may designate and change such beneficiary (which need not be his Beneficiary) at any time on a form provided by and filed with the insurance company. If no such form is on
file with the insurance company, the insurance proceeds designated in this paragraph shall be paid to the Beneficiary. The benefit payable under such a Policy shall only be paid if the insurance company agrees that the Participant is insurable and
shall be subject to all conditions and exceptions set forth in such Policy. 

  

	 	(4)	Notwithstanding any provision of this Plan or any other document to the contrary, the Participating Company shall not have any obligation to pay the Participant or his
beneficiary any amounts described in subsection (a)(2); all such amounts due pursuant to subsection (a)(2) shall be payable solely from the proceeds of such Policy, if any. Furthermore, the Participating Company is not obligated to maintain the
Policy; no death benefit shall be payable hereunder if the Company 

 © Copyright 2010 

 

 19 

	 	
has discontinued the Policy for the Participant. In addition, no Policy shall be allocated to any Participant Account. 

 

	 	(5)	So long as the Trust maintains a Policy to pay benefits to a Participant or former Participant under Section 6.4(a)(2) and the Plan is not deemed to be in a
“restricted period” within the meaning of Code section 409A(b)(3), the Company shall pay to the Trustee amounts necessary to pay premiums on such Policy insuring the Participant or former Participant’s life as soon as practicable
after the end of each Plan Year, or such earlier time as the Company shall determine (but no later than the tax return due date for the Company for such year). The Company may allocate such premium expenses amongst Participating Companies.

  

	 	(6)	Notwithstanding any provision of this Plan to the contrary, and effective January 1, 2002, no death benefit will be payable to any Eligible Employee who became a
Participant after December 31, 2001. 

  

	(b)	Death After Benefit Commencement. In the event a Participant dies after he has had a Separation from Service and begins to receive installment payments pursuant
to Plan section 3.2 but while he still has a balance in his Account, the balance shall continue to be paid in installments to the Beneficiary for the remainder of the period as elected by the Participant. 

 

	(c)	Death Benefit Reduction. In the event a Participant elects an Early Distribution from his Deferral Account for a percentage of his Account representing his
pre-2005 Plan Year balances, the Participant’s death benefit as computed in accordance with this Plan section 6.4 shall be reduced by multiplying said death benefit by a fraction, the numerator of which shall be the sum of the
Participant’s Early Distributions and the denominator of which shall be the Participant’s Deferral Account representing his pre-2005 Plan Year balances without reduction for any Early Distributions taken. For purposes of calculating the
denominator of the fraction set forth above, a Participant’s Early Distributions shall be credited with earnings and losses in accordance with Plan section 4.1. 

6.5 Inability to Locate Participant 

If the Plan Committee is unable to locate a Participant or Beneficiary within three years following the required Payment Date, the amount allocated to the
Participant’s Deferral Account shall be forfeited. If, after such forfeiture, the Participant or Beneficiary later claims, within three years of the forfeiture, such benefit, such benefit shall be reinstated but without interest or earnings
from the date of forfeiture forward. 
 6.6 No Acceleration of Payments 

The Plan Committee shall not permit the acceleration of the time or schedule of payments except as provided in this Plan section. 

As of January 1, 2009, acceleration of the time or schedule of payments shall be permitted only in the following instances: 

© Copyright 2010 
  

 20 

	(a)	A payment to an alternate payee to the extent necessary to fulfill a Qualified Divorce Order; 

 

	(b)	A payment that is necessary to comply with a certificate of divestiture as defined in Code section 1043(b)(2); 

 

	(c)	A payment to pay the Federal Insurance Contributions Act (FICA) tax imposed under Code sections 3101 and 3121(v)(2) on amounts held by the Plan as well as a payment to
pay any income tax at source on wages imposed under Code section 3401 (i.e., wage withholding) on the FICA tax amount and any income tax at source attributable to the pyramiding of wages and taxes. The total payment under this subsection may
not exceed the aggregate FICA tax amount and the income tax withholding related to such FICA tax amount; or 

  

	(d)	A small amount cashout pursuant to Treasury Regulations section 1.409A-3(j)(4)(v). 

6.7 Tax Withholding 
 Any
federal, state or local taxes, including FICA tax amounts, required by law to be withheld with respect to benefits earned and vested under this Plan or any other compensation arrangement may be withheld from the Participant’s benefit, salary,
wages or other amounts paid by the Company or any employer and reasonably available for withholding. Prior to making or authorizing any benefit payment under this Plan, the Company may require such documents from any taxing authority, or may require
such indemnities or a surety bond from any Participant or Beneficiary, as the Company shall reasonably consider necessary for its protection. 

6.8 Six-Month Delay for Specified Employee 

If the Company determines that a Participant is a Specified Employee, payment of the Participant’s Account will not commence prior to the first day
of the month following the six-month anniversary of the Participant’s Separation from Service. Additionally, a Participant must notify the Company to affirm whether or not he is a Specified Employee by virtue of the one-percent and five-percent
ownership thresholds set forth at Treasury Regulations section 1.409A-1(i) and the Company will not be responsible for any consequences to the Participant as a result of a Participant’s failure to so notify the Company. The above six-month
payment delay will not apply to a Participant who is a Specified Employee if the Participant’s Separation from Service is on account of his death. The above six-month payment delay will also not apply to a Participant who incurs and receives a
payment pursuant to a qualifying Disability. If a Participant’s benefits under this Plan are subject to such six-month payment delay, the Participant will be entitled to receive a one-time lump sum payment equal to the payments which were
delayed by the above six-month delay. 
 6.9 Distributions Upon Unforeseeable Financial Emergency 

A Participant may request an accelerated distribution from his Deferral Account that does not exceed an amount necessary to satisfy an Unforeseeable
Financial Emergency experienced by the Participant. The Plan Committee will make a determination of whether or not to grant such Participant’s request. In making this determination, the Plan Committee is not required to consider payments that
may be available to the Participant due to the Unforeseeable Financial 
 © Copyright 2010 

 

 21 

 Emergency under any other qualified or nonqualified retirement plans maintained by the Company. 

© Copyright 2010 
  

 22 

 Article 7. Administration 

7.1 Plan Committee 
  

	(a)	Except as otherwise provided in the Plan, the Plan Committee shall be the administrator of the Plan, within the meaning of ERISA section 3(16)(A). The Plan Committee
shall generally administer the Plan. 

  

	(b)	The Plan Committee may be composed of as many members as the Board may appoint in writing from time to time. The Board may also delegate to another person the power to
appoint and remove members of the Plan Committee. 

  

	(c)	The Company by action of an officer or the Chairperson of the Plan Committee, or if there is no Chairperson, then by unanimous consent of the members of the Plan
Committee, may appoint Plan Committee members from time to time. Members of the Plan Committee may, but need not, be Employees. 

  

	(d)	A member of the Plan Committee may resign by delivering his written resignation to the Plan Committee. The resignation shall be effective as of the date it is received
by the Plan Committee or such other later date as is specified in the resignation notice. A Plan Committee member may be removed at any time and for any reason by the Company by action of any of its officers, the Chairman of the Plan Committee, or
by unanimous consent of the remaining members of the Plan Committee. Any Employee appointed to the Plan Committee shall automatically cease to be a member of the Plan Committee, effective on the date that he ceases to be an Employee, unless the
Chairman of the Plan Committee, an officer of the Company, or all of the Plan Committee members unanimously specify otherwise in writing. 

7.2 Operation of the Plan Committee 
  

	(a)	A majority of the members of the Plan Committee at the time in office shall constitute a quorum for the transaction of business. All resolutions adopted and other
actions taken by the Plan Committee at any meeting shall be by the vote of a majority of those present at any such meeting. Upon the concurrence of all of the members in office at the time, action by the Plan Committee may be taken otherwise than at
a meeting. 

  

	(b)	The members of the Plan Committee may elect one of their members as Chair and may elect a Secretary who may, but need not, be a member of the Plan Committee.

  

	(c)	The members of the Plan Committee may authorize one or more of their members or any agent to execute or deliver any instrument or instruments on their behalf. The
members of the Plan Committee may allocate any of the Plan Committee’s powers and duties among individual members of the Plan Committee. 

  

	(d)	The Plan Committee may appoint one or more subcommittees and delegate any of its discretionary authority and such of its powers and duties, as it deems desirable to any
such subcommittee. The members of any such subcommittee shall consist of such persons as the Plan Committee may appoint. 

© Copyright 2010 
  

 23 

	(e)	All resolutions, proceedings, acts, and determinations of the Plan Committee, with respect to the administration of the Plan, shall be recorded; and all such records,
together with such documents and instruments as may be necessary for the administration of the Plan, shall be preserved by the Plan Committee. 

  

	(f)	Subject to the limitations contained in the Plan, the Plan Committee shall be empowered from time to time in its discretion to establish rules for the exercise of the
duties imposed upon the Plan Committee under the Plan. 

 7.3 Agents 

 

	(a)	The Board, the Company, or the Plan Committee may delegate such of its powers and duties as it deems desirable to any person, in which case every reference herein made
to the Board, Company, or the Plan Committee (as applicable) shall be deemed to mean or include the delegated persons as to matters within their jurisdiction. 

 

	(b)	The Board, the Company, or the Plan Committee may also appoint one or more persons or agents to aid it in carrying out its duties and delegate such of its powers and
duties as it deems desirable to such persons or agents. 

  

	(c)	The Board, the Company, or the Plan Committee may employ such counsel, auditors, and other specialists and such clerical and other services as it may require in
carrying out the provisions of the Plan, with the expenses therefor paid, as provided in Plan section 7.4. 

7.4 Compensation and Expenses 
  

	(a)	A member of the Plan Committee shall serve without compensation for services as a member. Any member of the Plan Committee may receive reimbursement of expenses
properly and actually incurred in connection with his services as a member of the Plan Committee, as provided in this Article 7. 

  

	(b)	All expenses of administering the Plan shall be paid by the Company. 

7.5 Plan Committee’s Powers and Duties 

Except as otherwise provided in this Plan, the Company shall have responsibility for any settlor duties, powers or functions (e.g., the right to
amend and terminate the Plan) and except as otherwise provided in the Plan, the Plan Committee shall have responsibility for the general administration of the Plan and for carrying out its provisions. The Plan Committee shall have such powers and
duties as may be necessary to discharge its functions hereunder, including the following: 
  

	(a)	To establish rules, policies, and procedures for administration of the Plan; 

 

	(b)	To construe and interpret the Plan, to decide all questions of eligibility, and to determine the amount, manner, and time of payment of any benefits hereunder;

  

	(c)	To make a determination as to the right of any person to a benefit and the amount thereof; 

© Copyright 2010 
  

 24 

	(d)	To obtain from the Company such information as shall be necessary for the proper administration of the Plan; 

 

	(e)	To prepare and distribute information explaining the Plan; 

  

	(f)	To keep all records necessary for the operation and administration of the Plan; 

 

	(g)	To prepare and file any reports, descriptions, or forms required by the Code or ERISA; and 

 

	(h)	To designate or employ agents and counsel (who may also be persons employed by the Company) and direct them to exercise the powers of the Plan Committee.

 7.6 Plan Committee’s Decisions Conclusive/Exclusive Benefit 

The Plan Committee shall have the exclusive right and discretionary authority to interpret the terms and provisions of the Plan and to resolve all
questions arising thereunder, including the right to resolve and remedy ambiguities, inconsistencies, or omissions in the Plan, provided, however, that the construction necessary for the Plan to conform to the Code and ERISA shall in all cases
control. Benefits under this Plan will be paid only if the Committee decides in its discretion that the Participant, surviving spouse or Beneficiary is entitled to them. The Plan Committee shall endeavor to act in such a way as not to discriminate
in favor of any class of Participants or other persons. Any and all disputes with respect to the Plan that may arise involving Participants will be referred to the Committee, and its decisions shall be final, conclusive, and binding. All findings of
fact, interpretations, determinations, and decisions of the Plan Committee in respect of any matter or question arising under the Plan shall be final, conclusive, and binding upon all persons, including, without limitation, Participants, and any and
all other persons having, or claiming to have, any interest in or under the Plan and shall be given the maximum possible deference allowed by law. 

The Plan Committee shall administer the Plan for the exclusive benefit of Participants and their Beneficiaries. 

7.7 Indemnity 
  

	(a)	The Company (including any successor employer, as applicable) shall indemnify and hold harmless each of the following persons (“Indemnified Persons”) under
the terms and conditions of subsection (b): 

  

	 	(1)	The Committee; and 

  

	 	(2)	Each Eligible Employee, former Eligible Employee, current and former members of the Plan Committee, or current or former members of the Board who have, or had,
responsibility (whether by delegation from another person, an allocation of responsibilities under the terms of this Plan document, or otherwise) for a fiduciary duty, a non-fiduciary settlor function (such as deciding whether to approve a plan
amendment), or a non-fiduciary administrative task relating to the Plan. 

 © Copyright 2010 

 

 25 

	(b)	The Company shall indemnify and hold harmless each Indemnified Person against any and all claims, losses, damages, and expenses, including reasonable attorneys’
fees and court costs, incurred by that person on account of his good-faith actions or failures to act with respect to his responsibilities relating to the Plan. The Company’s indemnification shall include payment of any amounts due under a
settlement of any lawsuit or investigation, but only if the Company agrees to the settlement. 

  

	 	(1)	An Indemnified Person shall be indemnified under this Plan section 7.7 only if he notifies an Appropriate Person (defined below) at the Company of any claim asserted
against or any investigation of the Indemnified Person that relates to the Indemnified Person’s responsibilities with respect to the Plan. 

  

	 	(A)	An “Appropriate Person” is one or more of the following individuals at the Company: 

 

	 	(i)	The Chief Executive Officer, 

  

	 	(ii)	The Chief Financial Officer, or 

  

	 	(iii)	Its General Counsel. 

  

	 	(B)	The notice may be provided orally or in writing. The notice must be provided to the Appropriate Person promptly after the Indemnified Person becomes aware of the claim
or investigation. No indemnification shall be provided under this Plan section 7.7 to the extent that the Company is materially prejudiced by the unreasonable delay of the Indemnified Person in notifying an Appropriate Person of the claim or
investigation. 

  

	 	(2)	An Indemnified Person shall be indemnified under this Plan section 7.7 with respect to attorneys’ fees, court costs, or other litigation expenses or any settlement
of such litigation only if the Indemnified Person agrees to permit the Company to select counsel and to conduct the defense of the lawsuit and agrees not to take any action in the lawsuit that the Company believes would be prejudicial to the
Company’s interests. 

  

	 	(3)	No Indemnified Person, including an Indemnified Person who is a former Employee, shall be indemnified under this Plan section 7.7 unless he makes himself reasonably
available to assist the Company with respect to the matters in issue and agrees to provide whatever documents, testimony, information, materials, or other forms of assistance that the Company shall reasonably request. 

 

	 	(4)	No Indemnified Person shall be indemnified under this Plan section 7.7 with respect to any action or failure to act that is judicially determined to constitute or be
attributable to the gross negligence or willful misconduct of the Indemnified Person. 

  

	 	(5)	Payments of any indemnity under this Plan section 7.7 shall only be made from assets of the Company. The provisions of this Plan section 7.7 shall not preclude

 © Copyright 2010 
  

 26 

	 	
or limit such further indemnities or reimbursement under this Plan as allowable under applicable law, as may be available under insurance purchased by the Company, or as may be provided by the
Company under any by-law, agreement or otherwise, provided that no expense shall be indemnified under this Plan section 7.7 that is otherwise indemnified by the Company, by an insurance contract purchased by the Company, or by this Plan.

 7.8 Insurance 

The Plan Committee may authorize the purchase of insurance to cover any liabilities or losses occurring by reason of the act or omission of any Plan
Committee member or its designee. To the extent permitted by law, the Plan Committee may purchase insurance covering any member (or its designee) for any personal liability of such Plan Committee member (or its designee) with respect to any
administrative responsibilities under this Plan. Any Plan Committee member (or its designee) may also purchase insurance for his own account covering any personal liability under this Plan. 

7.9 Quarterly Statements and Notices 

Under procedures established by the Plan Committee, a Participant shall receive a statement with respect to such Participant’s Accounts on a
quarterly basis as of each March 31, June 30, September 30 and December 31. 
 Each Participant shall be
responsible for furnishing to the Company his current address. The Participant shall also be responsible for notifying the Company of any change in the above information. If a Participant does not provide the above information to the Company, the
Plan Committee may rely on the address of record of the Participant on file with the Company’s personnel office. 
 All notices or other
communications from the Plan Committee to a Participant (who is a current Eligible Employee) shall be deemed given and binding upon that person for all purposes of the Plan when delivered by e-mail to the Participant’s individually designated
e-mail address at the Company and all notices or other communications from the Plan Committee to a Participant (who is a former Eligible Employee) shall be deemed given and binding upon that person for all purposes of the Plan when delivered to, or
when mailed first-class mail, postage prepaid, and addressed to that person at his address last appearing on the Plan Committee’s records, and the Plan Committee, and the Company shall not be obliged to search for or ascertain his whereabouts.

 All notices or other communications from the Participant required or permitted under this Plan shall be provided to the person specified by
the Plan Committee, using such procedures as are prescribed by the Plan Committee. The Plan Committee may require that the oral notice or communication be provided by telephoning a specific telephone number and, after calling that telephone number,
by following a specified procedure. Any oral notice or oral communication from a Participant that is made in accordance with procedures prescribed by the Plan Committee shall be deemed to have been duly given when all information requested by the
person specified by the Plan Committee is provided to such person, in accordance with the specified procedures. 
 ©
Copyright 2010 
  

 27 

 7.10 Data 

All persons entitled to benefits from the Plan must furnish to the Plan Committee such documents, evidence, or information, as the Plan Committee
considers necessary or desirable for the purpose of administering the Plan, and it shall be a condition of the Plan that each such person must furnish such information and sign such documents as the Plan Committee may require before any benefits
become payable from the Plan. 
 7.11 Claims Procedure 

All decisions made under the procedure set out in this Plan section 7.11 shall be final, and there shall be no further right of appeal. No lawsuit may be
initiated by any person before fully pursuing the procedures set out in this Plan section 7.11, including the appeal permitted pursuant to subsection (c) below. 
  

	(a)	The right of a Participant or any other person entitled to claim a benefit under the Plan (collectively “Claimants”) to a benefit shall be determined by the
Plan Committee, provided, however, that the Plan Committee may delegate its responsibility to any person. 

  

	 	(1)	The Claimant (or an authorized representative of a Claimant) may file a claim for benefits by written notice to the Plan Committee. The Plan Committee shall establish
procedures for determining whether a person is authorized to represent a Claimant. 

  

	 	(2)	Any claim for benefits under the Plan, pursuant to this Plan section 7.11, shall be filed with the Plan Committee no later than three months after the date of the
Participant’s Separation from Service. The Plan Committee in its sole discretion shall determine whether this limitation period has been exceeded. 

  

	 	(3)	Notwithstanding anything to the contrary in this Plan, the following shall not be a claim for purposes of this Plan section 7.11: 

 

	 	(A)	A request for determination of eligibility, participation, or benefit calculation under the Plan without an accompanying claim for benefits under the Plan. The
determination of eligibility, participation, or benefit calculation under the Plan may be necessary to resolve a claim, in which case such determination shall be made in accordance with the claims procedures set forth in this Plan section 7.11.

  

	 	(B)	Any casual inquiry relating to the Plan, including an inquiry about benefits or the circumstances under which benefits might be paid under the Plan.

  

	 	(C)	A claim that is defective or otherwise fails to follow the procedures of the Plan (e.g., a claim that is addressed to a party other than the Plan Committee or an
oral claim). 

  

	 	(D)	An application or request for benefits under the Plan. 

© Copyright 2010 
  

 28 

	(b)	If a claim for benefits is wholly or partially denied, the Plan Committee shall, within a reasonable period of time, but no later than 90 days after receipt of the
claim, notify the Claimant of the denial of benefits. If special circumstances justify extending the period up to an additional 90 days, the Claimant shall be given written notice of this extension within the initial 90-day period, and such notice
shall set forth the special circumstances and the date a decision is expected. A notice of denial: 

  

	 	(1)	Shall be written in a manner calculated to be understood by the Claimant; and 

 

	 	(2)	Shall contain: 

  

	 	(A)	The specific reasons for denial of the claim; 

  

	 	(B)	Specific reference to the Plan provisions on which the denial is based; 

  

	 	(C)	A description of any additional material or information necessary for the Claimant to perfect the claim, along with an explanation as to why such material or
information is necessary; and 

  

	 	(D)	An explanation of the Plan’s claim review procedures and the time limits applicable to such procedures, including a statement of the Claimant’s right to bring
a civil action under ERISA section 502(a) following an adverse determination on review. 

  

	(c)	Within 60 days of the receipt by the Claimant of the written denial of his claim or, if the claim has not been granted, within a reasonable period of time (which shall
not be less than the 90 or 180 days described in subsection (b) above), the Claimant (or an authorized representative of a Claimant) may file a written request with the Plan Committee that it conduct a full review of the denial of the claim. In
connection with the Claimant’s appeal, upon request, the Claimant may review and obtain copies of all documents, records and other information relevant to the Claimant’s claim for benefits (but not including any document, record or
information that is subject to any attorney-client or work product privilege) and may submit issues and comments in writing. The Claimant may submit written comments, documents, records, and other information relating to the claim for benefits. All
comments, documents, records, and other information submitted by the Claimant shall be taken into account in the appeal without regard to whether such information was submitted or considered in the initial benefit determination.

  

	(d)	The Plan Committee shall deliver to the Claimant a written decision on the claim promptly, but no later than 60 days after the receipt of the Claimant’s request
for such review, unless special circumstances exist that justify extending this period up to an additional 60 days. If the period is extended, the Claimant shall be given written notice of this extension during the initial 60-day period and such
notice shall set forth the special circumstances and the date a decision is expected. The decision on review of the denial of the claim: 

  

	 	(1)	Shall be written in a manner calculated to be understood by the Claimant; 

© Copyright 2010 
  

 29 

	 	(2)	Shall include specific reasons for the decision; 

  

	 	(3)	Shall contain specific references to the Plan provisions on which the decision is based; 

 

	 	(4)	Shall contain a statement that the Claimant is entitled to receive, upon request and free of charge, reasonable access to, and other information relevant to the
Claimant’s claim for benefits. Whether a document, record, or other information is relevant to a claim for benefits shall be determined by reference to U.S. Department of Labor Regulations section 2560; and 

 

	 	(5)	Shall contain a statement of the Claimant’s right to bring a civil action under ERISA section 502(a) following an adverse determination on review.

  

	(e)	No lawsuit may be initiated by any person before fully pursuing the procedures set out in this Plan section 7.11, including the appeal permitted pursuant to subsection
(c) above. In addition, no legal action may be commenced later than 365 days subsequent to the date of the written response of the Plan Committee to a Claimant’s request for review pursuant to subsection (d) above.

 © Copyright 2010 
  

 30 

 Article 8. Adoption And Withdrawal By Participating Companies 

8.1 Adoption of the Plan 

Any entity which is a subsidiary for which more than fifty percent (50%) of the value of the stock or other interest of such entity is owned by the
Company may, with the consent and approval of the Company, adopt this Plan as a Participating Company for a select group of management and highly compensated employees. The adoption of this Plan by a Participating Company shall be effected by
resolution of its board of directors or equivalent governing body. It shall not be necessary for any adopting Participating Company to formally execute the Plan as then in effect. As to the Participating Company, the effective date of the Plan shall
be stated in its resolutions, and it shall assume all the rights, obligations and liabilities of a Participating Company under the Plan. 
 As
an express condition of its of adoption of the Plan, each Participating Company agrees to each of the following conditions: 
  

	(a)	The Participating Company is bound by the terms and conditions of the Plan as the Company or the Plan Committee may reasonably require; 

 

	(b)	The Participating Company must comply with all requirements and employee benefit rules of the Code, ERISA and applicable regulations for nonqualified retirement plans;

  

	(c)	The Participating Company acknowledges the authority of the Company and the Plan Committee to review the Participating Company’s compliance with the Plan
procedures and to require changes in such procedures as the Company and the Plan Committee may reasonably deem appropriate; 

  

	(d)	The Participating Company authorizes the Company and the Plan Committee to act on its behalf with respect to matters pertaining to the Plan and Trust, including making
any and all Plan and Trust amendments; 

  

	(e)	The Participating Company will cooperate fully with Plan officials and agents by providing information and taking actions as directed by the Plan Committee or the
Company so as to allow for the efficient administration of the Plan and Trust; and 

  

	(f)	The Participating Company’s status as a Participating Company is expressly conditioned on its being and continuing to be an Affiliate of the Company.

 8.2 Withdrawal From the Plan 

 

	(a)	A Participating Company may, by resolution of its board of directors or equivalent governing body and approval by the Company, withdraw from participation under the
Plan. A withdrawing Participating Company may arrange for the continuation by itself or its successor of this Plan in a separate form for its own employees. The withdrawing Participating Company may arrange for continuation of the Plan by merger
with an 

 © Copyright 2010 

 

 31 

	 	
existing plan and request, subject to the Company’s consent, the transfer to such plan of all Plan assets representing the benefits of its employees. 

 

	(b)	In the event that a Participant transfers employment from the Company to an Affiliate, the Plan Committee shall have the right, but no obligation, to direct the Trustee
to transfer funds in an amount equal to the amounts credited to the accounts of such Participant described in Section 4.1 of the Plan, including any Policy purchased to insure the life of the Participant in order to provide benefits under
Section 6.4(a)(2) of the Plan (the “Transferred Account”) to a trust established under a Transferee Plan maintained by such Affiliate. The Plan Committee shall determine, in its sole discretion, whether such transfer shall be made and
the timing of such transfer. Such transfer shall be made only if, and to the extent, approval of such transfer is obtained from the Trustee. No transfer shall be made unless the Affiliate satisfies the definition of an “Affiliate” as set
forth in the Plan as of the date of the transfer. 

  

	(c)	For purposes of this Section 8.2, “Transferee Plan” shall mean an unfunded, nonqualified deferred compensation plan described in Section 201(2),
301(a)(3) and 401(a)(1) of ERISA. 

  

	(d)	No transfer shall be made under this Section 8.2 unless the Participant for whose benefit the Transferred Account is held executes a written waiver of all of such
Participant’s rights and benefits under this Plan in such form as shall be acceptable to the Plan Committee. 

8.3 Cessation of Future Contributions 

A Participating Company may, by resolution of its board of directors or equivalent governing body, cease to allow Participants in its employ to continue
to make deferrals pursuant to Article 3 of the Plan. If a Participating Company makes the determination to cease Participant deferrals, the remaining provisions of this Plan shall continue to apply. 

© Copyright 2010 
  

 32 

 Article 9. Amendment and Termination 

9.1 Amendment and Termination Generally 

The Plan may be amended or terminated by the Company, acting through its Board (or the Plan Committee or other designee of the Board) at any time.
Notwithstanding the preceding sentence, benefits may be distributed to Participants on account of the termination only if: 
  

	(a)	The termination does not occur proximate to a downturn in the financial health of the Company; 

 

	(b)	All nonqualified, elective, account-based retirement plans maintained by the Company and all Participating Companies that would be aggregated with the Plan under Code
section 409A are terminated when the Plan is terminated; 

  

	(c)	No payments are made within 12 months after the date when the Company takes all steps necessary to terminate and liquidate the Plan, other than payments made pursuant
to the Plan’s otherwise applicable distribution provisions; 

  

	(d)	All benefits are distributed within 24 months after the date when the Company takes all steps necessary to terminate and liquidate the Plan; and

  

	(e)	Neither the Company nor any Participating Company establishes a new nonqualified, elective, account-based plan that would be aggregated with the Plan under Code section
409A at any time within three years after the date when the Company takes all steps necessary to terminate and liquidate the Plan. 

Such amendment or termination may modify or eliminate any benefits hereunder other than a benefit that is in pay status, or the vested portion of a
benefit that is not in pay status. 
 9.2 Amendment and Termination Following a Change of Control 

Notwithstanding the Company’s general right to amend or terminate the Plan at any time, the Company, including any successor entity to the Company,
may not amend or terminate this Plan in any manner following a Change of Control that would adversely affect the rights of a Participant to benefits under this Plan. 

© Copyright 2010 
  

 33 

 Article 10. Miscellaneous 

10.1 No Enlargement of Employee Rights 

This Plan is strictly a voluntary undertaking on the part of the Company and shall not be deemed to constitute a contract between the Company and any
Eligible Employee or to be consideration for, or an inducement to, or a condition of, the employment of any Eligible Employee. Nothing contained in the Plan shall be deemed to give any Eligible Employee the right to be retained in the service of the
Company or any Participating Company or to interfere with the right of any of them to discharge or retire any person at any time. No one shall have any right to benefits, except to the extent provided in this Plan. 

10.2 Leave of Absence 
 A
Participant who is on an approved leave of absence with salary, or on an approved leave of absence without salary for a period of not more than six months, shall be deemed to be a Participant during such leave of absence. A Participant who is on an
approved leave of absence without salary for a period in excess of six months shall be deemed to have voluntarily incurred a Separation from Service as of the end of such six-month period, provided that, based on all relevant facts and
circumstances, neither the Participant nor the Company has a reasonable expectation that the Participant will provide future services to the Company or a Participating Company. 

10.3 Withholding 

Benefit payments hereunder shall be subject to applicable federal, state or local withholding for taxes. 

10.4 No Examination or Accounting 

Neither this Plan nor any action taken thereunder shall be construed as giving any person the right to an accounting or to examine the books or affairs of
the Company, or any Participating Company. 
 10.5 Records Conclusive 

The records of the Company shall be conclusive in respect to all matters involved in the administration of the Plan. 

10.6 Service of Legal Process 

The members of the Plan Committee (or if there is no such Plan Committee then the Company) are hereby designated as agent(s) of the Plan for the purpose
of receiving legal process. 
 10.7 Governing Law 

The Plan shall be construed, administered, and governed in all respects under the applicable laws of the State of California, except to the extent
pre-empted by federal law. Upon any change in the law or other determination that any term, condition or other provision of the Plan has been altered in any way, the Plan Committee shall administer this Plan in accordance with such change
notwithstanding the terms of the Plan pending an amendment to this Plan. 
 © Copyright 2010 

 

 34 

 10.8 Severability 

If any provision of this Plan is held illegal or invalid for any reason, such illegality or invalidity will not affect the remaining provisions; instead,
each provision is fully severable and the Plan will be construed and enforced as if any illegal or invalid provision had never been included. 

10.9 Facility of Payment 

Every person receiving or claiming benefits under this Plan is presumed to be mentally competent and of age until the date on which the Plan Committee
receives a written notice, in a form and manner acceptable to it, that such person is mentally incompetent or a minor, and that a guardian or other person legally vested with the care of such person or his estate has been appointed. 

However, if the Plan Committee should find that any person to whom a benefit is payable under this Plan is unable to care for his affairs because of any
incompetency or is a minor, any payment due (unless a prior claim shall have been made by a duly appointed legal representative) may be paid to the spouse, a child, a parent, or a brother or sister, or to any other person or institution that the
Plan Committee determines to have incurred expense for such person otherwise entitled to payment. To the extent permitted by law, any such payment so made shall be a complete discharge of any liability therefor under the Plan. 

If a guardian of the estate or other person legally vested with the care of the estate of any person receiving or claiming benefits under the Plan is
appointed by a court of competent jurisdiction, payments shall be made to such guardian or other person provided that proper proof of appointment and continuing qualification is furnished in a form and manner suitable to the Plan Committee. To the
extent permitted by law, such guardian or other person may act for the Participant and make any election required of or permitted by the Participant under this Plan, and such action or election shall be deemed to have been done by the Participant,
and benefit payments may be made to such guardian or other person and any such payment shall be a complete discharge of any such liability under the Plan. 

10.10 General Restrictions Against Alienation 

The interest of any Participant under this Plan shall not in any event be subject to sale, assignment, or transfer, and each Participant is hereby
prohibited from anticipating, encumbering, assigning, or in any manner alienating his interest hereunder and is without power to do so; provided, however, that this provision shall not restrict the power or authority of the Plan Committee, in
accordance with the applicable provisions of the Plan, to disburse funds to the legally appointed guardian, executor, administrator, or personal representative of any Participant or pursuant to a valid Qualified Divorce Order. 

If any person attempts to take any action contrary to this Plan section 10.10, such action shall be void and the Company may disregard such action and is
not in any manner bound thereby, and they shall suffer no liability for any such disregard thereof. If the Plan Committee is notified that any Participant has been adjudicated bankrupt or has purported to anticipate, sell, transfer, assign, or
encumber any Plan distribution or payment, voluntarily or involuntarily, the Plan Committee shall hold or apply such distribution or payment or any part thereof to, or for the benefit of, such Participant in such manner as the Plan Committee finds
appropriate. 
 © Copyright 2010 
  

 35 

 10.11 Excise Tax for Code Section 409A Violations 

While the Company intends that the Plan meet the requirements of Code section 409A and related Treasury Regulations, the Participant shall be liable for
any excise tax (including interest and penalties thereon) which results from a violation of the requirements of Code section 409A and related Treasury Regulations. 

10.12 Counterparts 
 This
Plan may be executed in any number of counterparts, each of which shall be deemed to be an original. All the counterparts shall constitute but one and the same instrument and may be sufficiently evidenced by any one counterpart. 

10.13 Assignment 
 The
Company shall have the right to assign its obligations under the Plan, either in whole or in part, to any Participating Company of the Company. 

In Witness Whereof, an authorized officer of the Company has signed this document on June 1, 2010, but effective as of June 1, 2010,
unless otherwise stated herein. 
  

			
	 First American Financial Corporation

		
	 By
	  	 Kenneth D. DeGiorgio

	 Its
	  	Executive Vice President

 ©
Copyright 2010 
  

 36 

 Appendix A. The First American Financial Corporation Deferred Compensation Plan Effective as of
January 1, 2000 
 © Copyright 2010 
  

 372010 Incentive Compensation Plan

 Exhibit 10.6 

 
 FIRST AMERICAN FINANCIAL CORPORATION 

2010 Incentive Compensation Plan 

© Copyright 2010 

 TABLE OF CONTENTS 

 

					
	 	  	Page
	ARTICLE I. ESTABLISHMENT; PURPOSES; AND DURATION	  	1
	1.1.	  	Establishment of the Plan.	  	1
	1.2.	  	Purposes of the Plan.	  	1
	1.3.	  	Duration of the Plan.	  	1
	  
 ARTICLE II.
DEFINITIONS
	  	1
	2.1.	  	“Affiliate”	  	2
	2.2.	  	“Award”	  	2
	2.3.	  	“Award Agreement”	  	2
	2.4.	  	“Beneficial Ownership”	  	2
	2.5.	  	“Board” or “Board of Directors”	  	2
	2.6.	  	“Cause”	  	2
	2.7.	  	“Change of Control”	  	3
	2.8.	  	“Code”	  	5
	2.9.	  	“Committee”	  	5
	2.10.	  	“Company Incumbent Board”	  	5
	2.11.	  	“Company Proxy Contest”	  	5
	2.12.	  	“Company Surviving Corporation”	  	5
	2.13.	  	“Covered Employee”	  	5
	2.14.	  	“Director”	  	5
	2.15.	  	“Disability”	  	5
	2.16.	  	“Dividend Equivalents”	  	6
	2.17.	  	“Effective Date”	  	6
	2.18.	  	“Employee”	  	6
	2.19.	  	“Exchange Act”	  	6
	2.20.	  	“Fair Market Value”	  	6
	2.21.	  	“Fiscal Year”	  	6
	2.22.	  	“Freestanding SAR”	  	7
	2.23.	  	“Grant Price”	  	7
	2.24.	  	“Incentive Stock Option”	  	7
	2.25.	  	“Insider”	  	7
	2.26.	  	“Non-Control Acquisition”	  	7
	2.27.	  	“Non-Control Transaction”	  	7
	2.28.	  	“Non-Employee Director”	  	7
	2.29.	  	“Nonqualified Stock Option”	  	7
	2.30.	  	“Notice”	  	7
	2.31.	  	“Option”	  	7
	2.32.	  	“Option Price”	  	7
	2.33.	  	“Other Stock-Based Award”	  	7
	2.34.	  	“Participant”	  	8
	2.35.	  	“Performance-Based Compensation”	  	8
	2.36.	  	“Performance Measure”	  	8
	2.37.	  	“Performance Period”	  	8
	2.38.	  	“Performance Share”	  	8

  

 © Copyright 2010 

(i) 

					
	 	  	 	  	Page
	 2.39.
	  	“Performance Unit”	  	8
	 2.40.
	  	“Period of Restriction”	  	8
	 2.41.
	  	“Person”	  	8
	 2.42.
	  	“Qualified Change of Control”	  	8
	 2.43.
	  	“Related Entity”	  	8
	 2.44.
	  	“Restricted Stock”	  	8
	 2.45.
	  	“Restricted Stock Unit”	  	8
	 2.46.
	  	“Retirement”	  	9
	 2.47.
	  	“Rule 16b-3”	  	9
	 2.48.
	  	“Securities Act”	  	9
	 2.49.
	  	“Share”	  	9
	 2.50.
	  	“Stock Appreciation Right”	  	9
	 2.51.
	  	“Subject Person”	  	9
	 2.52.
	  	“Subsidiary”	  	9
	 2.53.
	  	“Substitute Awards”	  	9
	 2.54.
	  	“Tandem SAR”	  	9
	 2.55.
	  	“Termination”	  	9
	 2.56.
	  	“Voting Securities”	  	10
	  
 ARTICLE III. ADMINISTRATION
	  	10
	 3.1.
	  	General	  	10
	 3.2.
	  	Committee	  	10
	 3.3.
	  	Authority of the Committee	  	10
	 3.4.
	  	Award Agreements	  	12
	 3.5.
	  	Discretionary Authority; Decisions Binding	  	12
	 3.6.
	  	Attorneys; Consultants	  	13
	 3.7.
	  	Delegation of Administration	  	13
	  
 ARTICLE IV. SHARES SUBJECT TO THE PLAN AND ANNUAL
AWARD LIMITS
	  	13
	 4.1.
	  	Number of Shares Available for Grants	  	13
	 4.2.
	  	Annual Award Limits	  	14
	 4.3.
	  	Adjustments in Authorized Shares	  	14
	 4.4.
	  	No Limitation on Corporate Actions	  	15
	  
 ARTICLE V. ELIGIBILITY AND
PARTICIPATION
	  	16
	 5.1.
	  	Eligibility	  	16
	 5.2.
	  	Actual Participation	  	16
	  
 ARTICLE VI. STOCK OPTIONS
	  	16
	 6.1.
	  	Grant of Options	  	16
	 6.2.
	  	Award Agreement	  	16
	 6.3.
	  	Option Price	  	16
	 6.4.
	  	Duration of Options	  	17
	 6.5.
	  	Exercise of Options	  	17
	 6.6.
	  	Payment	  	17

  

 © Copyright 2010 

(ii) 

					
	 	  	 	  	Page
	 6.7.
	  	Rights as a Shareholder	  	17
	 6.8.
	  	Termination of Employment or Service	  	17
	 6.9.
	  	Limitations on Incentive Stock Options	  	18
	 6.10.
	  	No Repricing	  	19
	  
 ARTICLE VII.
STOCK APPRECIATION RIGHTS
	  	19
	 7.1.
	  	Grant of SARs	  	19
	 7.2.
	  	Grant Price	  	20
	 7.3.
	  	Exercise of Tandem SARs	  	20
	 7.4.
	  	Exercise of Freestanding SARs	  	20
	 7.5.
	  	Award Agreement	  	20
	 7.6.
	  	Term of SARs	  	20
	 7.7.
	  	Payment of SAR Amount.	  	21
	 7.8.
	  	Rights as a Shareholder	  	21
	 7.9.
	  	Termination of Employment or Service	  	21
	 7.10.
	  	No Repricing	  	21
	  
 ARTICLE VIII.
RESTRICTED STOCK AND RESTRICTED STOCK UNITS
	  	21
	 8.1.
	  	Awards of Restricted Stock and Restricted Stock Units	  	21
	 8.2.
	  	Award Agreement	  	22
	 8.3.
	  	Nontransferability of Restricted Stock	  	22
	 8.4.
	  	Period of Restriction and Other Restrictions	  	22
	 8.5.
	  	Delivery of Shares, Payment of Restricted Stock Units	  	22
	 8.6.
	  	Forms of Restricted Stock Awards	  	22
	 8.7.
	  	Voting Rights	  	23
	 8.8.
	  	Dividends and Other Distributions	  	23
	 8.9.
	  	Termination of Employment or Service	  	23
	 8.10.
	  	Compliance With Code Section 409A	  	23
	  
 ARTICLE IX.
PERFORMANCE UNITS AND PERFORMANCE SHARES
	  	24
	 9.1.
	  	Grant of Performance Units and Performance Shares	  	24
	 9.2.
	  	Value of Performance Units and Performance Shares	  	24
	 9.3.
	  	Earning of Performance Units and Performance Shares	  	24
	 9.4.
	  	Form and Timing of Payment of Performance Units and Performance Shares	  	24
	 9.5.
	  	Rights as a Shareholder	  	25
	 9.6.
	  	Termination of Employment or Service	  	25
	 9.7.
	  	Compliance With Code Section 409A	  	25
	  
 ARTICLE X.
OTHER STOCK-BASED AWARDS
	  	25
	 10.1.
	  	Other Stock-Based Awards	  	25
	 10.2.
	  	Value of Other Stock-Based Awards	  	25
	 10.3.
	  	Payment of Other Stock-Based Awards	  	26
	 10.4.
	  	Termination of Employment or Service	  	26
	 10.5.
	  	Compliance With Code Section 409A	  	26

  

 © Copyright 2010 

(iii) 

					
	 	  	 	  	Page
	ARTICLE XI. PERFORMANCE MEASURES	  	26
	 11.1.
	  	Performance Measures	  	26
	 11.2.
	  	Evaluation of Performance	  	27
	 11.3.
	  	Adjustment of Performance-Based Compensation	  	27
	 11.4.
	  	Committee Discretion	  	28
	  
 ARTICLE XII.
DIVIDEND EQUIVALENTS
	  	28
	 12.1.
	  	Dividend Equivalents	  	28
	  
 ARTICLE XIII.
TRANSFERABILITY OF AWARDS; BENEFICIARY DESIGNATION
	  	28
	 13.1.
	  	Transferability of Incentive Stock Options	  	28
	 13.2.
	  	All Other Awards	  	29
	 13.3.
	  	Beneficiary Designation	  	29
	  
 ARTICLE XIV.
RIGHTS OF PARTICIPANTS
	  	30
	 14.1.
	  	Rights or Claims	  	30
	 14.2.
	  	Adoption of the Plan	  	30
	 14.3.
	  	Vesting	  	30
	 14.4.
	  	No Effects on Benefits	  	30
	 14.5.
	  	One or More Types of Awards	  	31
	  
 ARTICLE XV.
CHANGE OF CONTROL
	  	31
	 15.1.
	  	Treatment of Outstanding Awards	  	31
	 15.2.
	  	No Implied Rights; Other Limitations	  	33
	 15.3.
	  	Termination, Amendment, and Modifications of Change of Control Provisions	  	33
	 15.4.
	  	Compliance with Code Section 409A	  	33
	  
 ARTICLE XVI.
AMENDMENT, MODIFICATION, AND TERMINATION
	  	33
	 16.1.
	  	Amendment, Modification, and Termination	  	33
	 16.2.
	  	Adjustment of Awards Upon the Occurrence of Certain Unusual or Nonrecurring Events	  	35
	  
 ARTICLE XVII.
TAX WITHHOLDING AND OTHER TAX MATTERS
	  	35
	 17.1.
	  	Tax Withholding	  	35
	 17.2.
	  	Withholding or Tendering Shares	  	35
	 17.3.
	  	Restrictions	  	36
	 17.4.
	  	Special ISO Obligations	  	36
	 17.5.
	  	Section 83(b) Election	  	36
	 17.6.
	  	No Guarantee of Favorable Tax Treatment	  	36
	  
 ARTICLE
XVIII. LIMITS OF LIABILITY; INDEMNIFICATION
	  	36
	 18.1.
	  	Limits of Liability	  	36
	 18.2.
	  	Indemnification	  	37
	  
 ARTICLE XIX.
SUCCESSORS
	  	37

  

 © Copyright 2010 

(iv) 

					
	 	  	 	  	Page
	 19.1.
	  	General	  	37
	  
 ARTICLE XX. MISCELLANEOUS
	  	38
	 20.1.
	  	Drafting Context	  	38
	 20.2.
	  	Forfeiture Events	  	38
	 20.3.
	  	Severability	  	38
	 20.4.
	  	Transfer, Leave of Absence	  	39
	 20.5.
	  	Exercise and Payment of Awards	  	39
	 20.6.
	  	Deferrals	  	39
	 20.7.
	  	Loans	  	40
	 20.8.
	  	No Effect on Other Plans	  	40
	 20.9.
	  	Section 16 of Exchange Act and Code Section 162(m)	  	40
	 20.10.
	  	Requirements of Law; Limitations on Awards	  	40
	 20.11.
	  	Participants Deemed to Accept Plan	  	41
	 20.12.
	  	Governing Law	  	41
	 20.13.
	  	Plan Unfunded	  	42
	 20.14.
	  	Administration Costs	  	42
	 20.15.
	  	Uncertificated Shares	  	42
	 20.16.
	  	No Fractional Shares	  	42
	 20.17.
	  	Deferred Compensation	  	42
	 20.18.
	  	Employees Based Outside of the United States	  	42

  

 © Copyright 2010 

(v) 

 FIRST AMERICAN FINANCIAL CORPORATION 

2010 INCENTIVE COMPENSATION PLAN 

First American Financial Corporation, a Delaware corporation (the “Company”), has adopted First American Financial
Corporation 2010 Incentive Compensation Plan (the “Plan”) for the benefit of non-employee directors of the Company and officers and eligible employees of the Company and any Subsidiaries and Affiliates (as each term defined below),
as follows: 
 ARTICLE I. 

ESTABLISHMENT; PURPOSES; AND DURATION 

1.1. Establishment of the Plan. The Company hereby establishes this incentive compensation plan to be known as “First
American Financial Corporation 2010 Incentive Compensation Plan”, as set forth in this document. The Plan permits the grant of Nonqualified Stock Options, Incentive Stock Options, Stock Appreciation Rights, Restricted Stock, Restricted Stock
Units, Performance Units, Performance Shares and Other Stock-Based Awards. The Plan was adopted by the Board of Directors (as defined below) on May 28, 2010 and approved by The First American Corporation, as the Company’s sole shareholder,
on May 28, 2010. For purposes of Section 422 of the Code and otherwise, the Plan became effective on May 28, 2010 (the “Effective Date”). The Plan shall remain in effect as provided in Section 1.3. 

1.2. Purposes of the Plan. The purposes of the Plan are to provide additional incentives to non-employee directors of the Company
and to those officers and employees of the Company, Subsidiaries and Affiliates whose substantial contributions are essential to the continued growth and success of the business of the Company and the Subsidiaries and Affiliates, in order to
strengthen their commitment to the Company and the Subsidiaries and Affiliates, and to attract and retain competent and dedicated individuals whose efforts will result in the long-term growth and profitability of the Company and to further align the
interests of such non-employee directors, officers and employees with the interests of the shareholders of the Company. To accomplish such purposes, the Plan provides that the Company may grant Nonqualified Stock Options, Incentive Stock Options,
Stock Appreciation Rights, Restricted Stock, Restricted Stock Units, Performance Units, Performance Shares and Other Stock-Based Awards. 

1.3. Duration of the Plan. The Plan shall commence on the Effective Date, as described in Section 1.1, and shall remain in
effect, subject to the right of the Board of Directors to amend or terminate the Plan at any time pursuant to Article XVII, until all Shares subject to it shall have been delivered, and any restrictions on such Shares have lapsed, pursuant to the
Plan’s provisions. However, in no event may an Award be granted under the Plan on or after ten years from the Effective Date. 

ARTICLE II.  

DEFINITIONS 

Whenever used in the Plan, the following terms shall have the meanings set forth below, and when the meaning is intended, the initial
letter of the word shall be capitalized: 
  

 © Copyright 2010 

-1- 

 2.1. “Affiliate” means any entity other than the Company and any Subsidiary
that is affiliated with the Company through stock or equity ownership or otherwise and is designated as an Affiliate for purposes of the Plan by the Committee; provided, however, that, notwithstanding any other provisions of the Plan
to the contrary, for purposes of NQSOs and SARs, if an individual who otherwise qualifies as an Employee or Non-Employee Director provides services to such an entity and not to the Company or a Subsidiary, such entity may only be designated an
Affiliate if the Company qualifies as a “service recipient,” within the meaning of Code Section 409A, with respect to such individual; provided further that such definition of “service recipient” shall be
determined by (a) applying Code Section 1563(a)(1), (2) and (3), for purposes of determining a controlled group of corporations under Code Section 414(b), using the language “at least 50 percent” instead of “at
least 80 percent” each place it appears in Code Section 1563(a)(1), (2) and (3), and by applying Treasury Regulations Section 1.414(c)-2, for purposes of determining trades or businesses (whether or not incorporated) that are
under common control for purposes of Code Section 414(c), using the language “at least 50 percent” instead of “at least 80 percent” each place it appears in Treasury Regulations Section 1.414(c)-2, and (b) where
the use of Shares with respect to the grant of an Option or SAR to such an individual is based upon legitimate business criteria, by applying Code Section 1563(a)(1), (2) and (3), for purposes of determining a controlled group of
corporations under Code Section 414(b), using the language “at least 20 percent” instead of “at least 80 percent” at each place it appears in Code Section 1563(a)(1), (2) and (3), and by applying Treasury
Regulations Section 1.414(c)-2, for purposes of determining trades or businesses (whether or not incorporated) that are under common control for purposes of Code Section 414(c), using the language “at least 20 percent” instead of
“at least 80 percent” at each place it appears in Treasury Regulations Section 1.414(c)-2. 
 2.2.
“Award” means, individually or collectively, a grant under the Plan of Nonqualified Stock Options, Incentive Stock Options, Stock Appreciation Rights, Restricted Stock Awards, Restricted Stock Units, Performance Shares, Performance
Units, and Other Stock-Based Awards. 
 2.3. “Award Agreement” means either: (a) a written agreement
setting forth the terms and provisions applicable to an Award granted under the Plan, or (b) a written or electronic instrument issued by the Company to a Participant describing the terms and provisions of such Award, including any amendment or
modification thereof. An Award Agreement may be in the form of an agreement to be executed by both the Participant and the Company (or an authorized representative of the Company) or certificates, notices or similar instruments as approved by the
Committee. The Committee may provide for the use of electronic, internet or other non-paper Award Agreements, and the use of electronic, internet or other non-paper means for the acknowledgement thereof, agreement thereto and actions thereunder by a
Participant. 
 2.4. “Beneficial Ownership” (including correlative terms) shall have the meaning given such
term in Rule 13d-3 promulgated under the Exchange Act. 
 2.5. “Board” or “Board of Directors”
means the Board of Directors of the Company. 
 2.6. “Cause” shall have the definition given such term in a
Participant’s Award Agreement, or in the absence of any such definition, as determined in good faith by the Committee. 
  

 © Copyright 2010 

-2- 

 2.7. “Change of Control” means the occurrence of any of the following:

 (a) an acquisition in one transaction or a series of related transactions (other than directly from the
Company or pursuant to Awards granted under the Plan or compensatory options or other similar awards granted by the Company) by any Person of any Voting Securities of the Company, immediately after which such Person has Beneficial Ownership of fifty
percent (50%) or more of the combined voting power of the Company’s then outstanding Voting Securities; provided, however, that in determining whether a Change of Control has occurred pursuant to this Section 2.7(a),
Voting Securities of the Company which are acquired in a Non-Control Acquisition shall not constitute an acquisition that would cause a Change of Control; or 

(b) any Person acquires in one transaction or a series of related transactions (or has acquired during the twelve
(12)-month period ending on the date of the most recent acquisition by such Person) Beneficial Ownership of Voting Securities of the Company possessing thirty-five percent (35%) or more of the combined voting power of the Company’s then
outstanding Voting Securities; provided, however, that in determining whether a Change of Control has occurred pursuant to this Section 2.7(b), Voting Securities of the Company which are acquired in a Non-Control Acquisition shall
not constitute an acquisition that would cause a Change of Control; or 
 (c) the individuals who, immediately
prior to the Effective Date, are members of the Board (the “Company Incumbent Board”) cease for any reason to constitute at least a majority of the members of the Board; provided, however, that if the election, or
nomination for election of any new director was approved by a vote of at least a majority of the Company Incumbent Board, such new director shall, for purposes of the Plan, be considered as a member of the Company Incumbent Board; provided
further, however, that no individual shall be considered a member of the Company Incumbent Board if such individual initially assumed office as a result of either an actual or threatened “Election Contest” (as described
in Rule 14a-11 promulgated under the Exchange Act) or other actual or threatened solicitation of proxies or consents by or on behalf of a Person other than the Board (a “Company Proxy Contest”) including by reason of any agreement
intended to avoid or settle any Election Contest or Company Proxy Contest; or 
 (d) the consummation of any
merger, consolidation, recapitalization or reorganization involving the Company unless: 
 (i) the shareholders
of the Company, immediately before such merger, consolidation, recapitalization or reorganization, own, directly or indirectly, immediately following such merger, consolidation, recapitalization or reorganization, more than fifty percent
(50%) of the combined voting power of the outstanding Voting Securities of the corporation resulting from such merger or consolidation or reorganization (the “Company Surviving Corporation”) in substantially the same proportion
as their ownership of the Voting Securities of the Company immediately before such merger, consolidation, recapitalization or reorganization; and 
  

 © Copyright 2010 

-3- 

 (ii) the individuals who were members of the Company Incumbent Board
immediately prior to the execution of the agreement providing for such merger, consolidation, recapitalization or reorganization constitute at least a majority of the members of the board of directors of the Company Surviving Corporation, or a
corporation Beneficially Owning, directly or indirectly, a majority of the voting securities of the Company Surviving Corporation, and 

(iii) no Person, other than (A) the Company, (B) any Related Entity, (C) any employee benefit
plan (or any trust forming a part thereof) that, immediately prior to such merger, consolidation, recapitalization or reorganization, was maintained by the Company, the Company Surviving Corporation, or any Related Entity or (D) any Person who,
together with its Affiliates, immediately prior to such merger, consolidation, recapitalization or reorganization had Beneficial Ownership of fifty percent (50%) or more of the then outstanding Voting Securities of the Company, owns, together
with its Affiliates, Beneficial Ownership of fifty percent (50%) or more of the combined voting power of the Company Surviving Corporation’s then outstanding Voting Securities 

(a transaction described in clauses (d)(i) through (d)(iii) above is referred to herein as a “Non-Control Transaction”);
or 
 (e) any approval of any plan or proposal for the liquidation or dissolution of the Company; or 

(f) any sale, lease, exchange, transfer or other disposition (in one transaction or a series of related transactions) of
all or substantially all of the assets or business of the Company to any Person (other than (A) a transfer or distribution to a Related Entity, or (B) a transfer or distribution to the Company’s shareholders of the stock of a Related
Entity or any other assets). 
 Notwithstanding the foregoing, a Change of Control shall not be deemed to occur solely because any Person (the
“Subject Person”) acquired Beneficial Ownership of fifty percent (50%) or more of the combined voting power of the then outstanding Voting Securities of the Company as a result of the acquisition of Voting Securities of the
Company by the Company which, by reducing the number of Voting Securities of the Company then outstanding, increases the proportional number of shares Beneficially Owned by the Subject Persons, provided that if a Change of Control would occur
(but for the operation of this sentence) as a result of the acquisition of Voting Securities by the Company and (1) before such share acquisition by the Company the Subject Person becomes the Beneficial Owner of any new or additional Voting
Securities of the Company in a related transaction or (2) after such share acquisition by the Company the Subject Person becomes the Beneficial Owner of any new or additional Voting Securities of the Company which in either case increases the
percentage of the then outstanding Voting Securities of the Company Beneficially Owned by the Subject Person, then a Change of Control shall be deemed to occur. 
  

 © Copyright 2010 

-4- 

 Solely for purposes of this Section 2.7, (1) “Affiliate” shall mean, with respect
to any Person, any other Person that, directly or indirectly, controls, is controlled by, or is under common control with, such Person, and (2) “control” (including with correlative meanings, the terms “controlling,”
“controlled by” and “under common control with”), as applied to any Person, means the possession, directly or indirectly, of the power to direct or cause the direction of the management and policies of that Person, whether
through the ownership of voting securities or by contract or otherwise. Any Relative (for this purpose, “Relative” means a spouse, child, parent, parent of spouse, sibling or grandchild) of an individual shall be deemed to be an
Affiliate of such individual for this purpose. None of the Company or any Person controlled by the Company shall be deemed to be an Affiliate of any holder of Shares. 

For the avoidance of doubt, the formation of the Company as a wholly-owned subsidiary of The First American Corporation, the consummation of any or all
of the transactions contemplated by the Separation and Distribution Agreement between the Company and The First American Corporation, dated as of June 1, 2010 (the “Separation Agreement”) and any changes to the capital structure of
the Company or the ownership of the Voting Securities of the Company made prior to the time of the consummation of the distribution of the Company’s securities to the shareholders of The First American Corporation pursuant to the terms of the
Separation Agreement, will not be considered a Change of Control for purposes of this Plan. 
 2.8. “Code”
means the Internal Revenue Code of 1986, as it may be amended from time to time, including rules and regulations promulgated thereunder and successor provisions and rules and regulations thereto. 

2.9. “Committee” means the Compensation Committee of the Board of Directors or a subcommittee thereof, or such other
committee designated by the Board to administer the Plan. 
 2.10. “Company Incumbent Board” shall have the
meaning provided in Section 2.7(c). 
 2.11. “Company Proxy Contest” shall have the meaning provided in
Section 2.7(c). 
 2.12. “Company Surviving Corporation” has the meaning provided in
Section 2.7(d)(i). 
 2.13. “Covered Employee” means any Employee who is or may become a “covered
employee,” as defined in Code Section 162(m), and who is designated, either as an individual Employee or a member of a class of Employees, by the Committee within the shorter of (i) ninety (90) days after the beginning of the
Performance Period, or (ii) the first twenty-five percent (25%) of the Performance Period, as a “Covered Employee” under the Plan for such applicable Performance Period. 

2.14. “Director” means any individual who is a member of the Board of Directors of the Company. 

2.15. “Disability” means the inability to engage in any substantial gainful occupation to which the relevant individual
is suited by education, training or experience, by 
  

 © Copyright 2010 

-5- 

 
reason of any medically determinable physical or mental impairment, which condition can be expected to result in death or continues for a continuous period of not less than twelve
(12) months; provided, however, that, for purposes of ISOs, “Disability” shall mean “permanent and total disability” as set forth in Section 22(e)(3) of the Code. 

2.16. “Dividend Equivalents” means the equivalent value (in cash or Shares) of dividends that would otherwise be paid on
the Shares subject to an Award but that have not been issued or delivered, as described in Article XII. 
 2.17.
“Effective Date” shall have the meaning ascribed to such term in Section 1.1. 
 2.18.
“Employee” means any person designated as an employee of the Company, a Subsidiary and/or an Affiliate on the payroll records thereof. An Employee shall not include any individual during any period he or she is classified or treated
by the Company, a Subsidiary or an Affiliate as an independent contractor, a consultant, or any employee of an employment, consulting, or temporary agency or any other entity other than the Company, a Subsidiary and/or an Affiliate without regard to
whether such individual is subsequently determined to have been, or is subsequently retroactively reclassified as a common-law employee of the Company, a Subsidiary and/or an Affiliate during such period. As further provided in Section 20.4,
for purposes of the Plan, upon approval by the Committee, the term Employee may also include Employees whose employment with the Company, a Subsidiary or an Affiliate has been terminated subsequent to being granted an Award under the Plan. For the
avoidance of doubt, a Director who would otherwise be an “Employee” within the meaning of this Section 2.18 shall be considered an Employee for purposes of the Plan. 

2.19. “Exchange Act” means the Securities Exchange Act of 1934, as it may be amended from time to time, including the
rules and regulations promulgated thereunder and successor provisions and rules and regulations thereto. 
 2.20. “Fair
Market Value” means the fair market value of the Shares as determined by the Committee by the reasonable application of such reasonable valuation method, consistently applied, as the Committee deems appropriate; provided,
however, that, with respect to ISOs, for purposes of Section 6.3 and 6.9(c), such fair market value shall be determined subject to Section 422(c)(7) of the Code; provided further, however, that (a) if the
Shares are readily tradable on an established securities market, Fair Market Value on any date shall be the last sale price reported for the Shares on such market on such date or, if no sale is reported on such date, on the last date preceding such
date on which a sale was reported, or (b) if the Shares are admitted for listing on the New York Stock Exchange or other comparable market, Fair Market Value on any date shall be the last sale price reported for the Shares on such market on
such date or, if no sale is reported on such date, on the last day preceding such date on which a sale was reported. In each case, the Committee shall determine Fair Market Value in a manner that satisfies the applicable requirements of Code
Section 409A. 
 2.21. “Fiscal Year” means the calendar year, or such other consecutive twelve-month
period as the Committee may select. 
  

 © Copyright 2010 

-6- 

 2.22. “Freestanding SAR” means a SAR that is granted independently of any
Options, as described in Article VII. 
 2.23. “Grant Price” means the price established at the time of grant
of a SAR pursuant to Article VII, used to determine whether there is any payment due upon exercise of the SAR. 
 2.24.
“Incentive Stock Option” or “ISO” means a right to purchase Shares under the Plan in accordance with the terms and conditions set forth in Article VI and which is designated as an Incentive Stock Option and which is
intended to meet the requirements of Section 422 of the Code. 
 2.25. “Insider” means an individual who
is, on the relevant date, an officer, director or ten percent (10%) Beneficial Owner of any class of the Company’s equity securities that is registered pursuant to Section 12 of the Exchange Act, as determined by the Committee in
accordance with Section 16 of the Exchange Act. 
 2.26. “Non-Control Acquisition” means an acquisition
(whether by merger, stock purchase, asset purchase or otherwise) by (a) an employee benefit plan (or a trust forming a part thereof) maintained by (i) the Company or (ii) any corporation or other Person of which fifty percent
(50%) or more of its total value or total voting power of its Voting Securities or equity interests is owned, directly or indirectly, by the Company (a “Related Entity”); (b) the Company or any Related Entity; (c) any
Person in connection with a Non-Control Transaction; or (d) any Person that owns, together with its Affiliates, Beneficial Ownership of fifty percent (50%) or more of the outstanding Voting Securities of the Company on the Effective Date.

 2.27. “Non-Control Transaction” shall have the meaning provided in Section 2.7(d). 

2.28. “Non-Employee Director” means a Director who is not an Employee. 

2.29. “Nonqualified Stock Option” or “NQSO” means a right to purchase Shares under the Plan in
accordance with the terms and conditions set forth in Article VI and which is not intended to meet the requirements of Section 422 of the Code or otherwise does not meet such requirements. 

2.30. “Notice” means notice provided by a Participant to the Company in a manner prescribed by the Committee.

 2.31. “Option” or “Stock Option” means an Incentive Stock Option or a Nonqualified Stock
Option, as described in Article VI. 
 2.32. “Option Price” means the price at which a Share may be purchased
by a Participant pursuant to an Option. 
 2.33. “Other Stock-Based Award” means an equity-based or
equity-related Award described in Section 10.1, granted in accordance with the terms and conditions set forth in Article X. 
  

 © Copyright 2010 

-7- 

 2.34. “Participant” means any eligible individual as set forth in Article V
who holds one or more outstanding Awards. 
 2.35. “Performance-Based Compensation” means compensation under an
Award that is intended to satisfy the requirements of Code Section 162(m) for certain performance-based compensation paid to Covered Employees. Notwithstanding the foregoing, nothing in the Plan shall be construed to mean that an Award which
does not satisfy the requirements for performance-based compensation under Code Section 162(m) does not constitute performance-based compensation for other purposes, including Code Section 409A. 

2.36. “Performance Measure” means performance criteria or measures as described in Section 11.1 on which the
performance goals described in Article XI are based and which are approved by the Company’s shareholders pursuant to the Plan in order to qualify certain Awards as Performance-Based Compensation in accordance with Article XI. 

2.37. “Performance Period” means the period of time during which the performance goals must be met in order to determine
the degree of payout and/or vesting with respect to, or the amount or entitlement to, an Award. 
 2.38. “Performance
Share” means an Award of a performance share granted to a Participant, as described in Article IX. 
 2.39.
“Performance Unit” means an Award of a performance unit granted to a Participant, as described in Article IX. 

2.40. “Period of Restriction” means the period during which Shares of Restricted Stock or Restricted Stock Units are
subject to a substantial risk of forfeiture, and, in the case of Restricted Stock, the transfer of Shares of Restricted Stock is limited in some way, as provided in Article VIII. 

2.41. “Person” means “person” as such term is used for purposes of Section 13(d) or 14(d) of the Exchange
Act, including any individual, corporation, limited liability company, partnership, trust, unincorporated organization, government or any agency or political subdivision thereof, or any other entity or any group of persons. 

2.42. “Qualified Change of Control” means a Change of Control that qualifies as a change in the ownership or effective
control of the Company, or in the ownership of a substantial portion of the assets of the Company, within the meaning of Section 409A(a)(2)(A)(v) of the Code. 

2.43. “Related Entity” has the meaning provided in Section 2.26. 

2.44. “Restricted Stock” means an Award granted to a Participant pursuant to Article VIII. 

2.45. “Restricted Stock Unit” means an Award, whose value is equal to a Share, granted to a Participant pursuant to
Article VIII. 
  

 © Copyright 2010 

-8- 

 2.46. “Retirement” means Termination of a Participant due to either
(a) retirement in accordance with any employee pension benefit plan maintained by the Company that is intended to satisfy the requirements of Section 401(a) of the Code entitling such Participant to a full pension under such plan or
(b) retirement with the consent of the Committee. 
 2.47. “Rule 16b-3” means Rule 16b-3 under the
Exchange Act, or any successor rule, as the same may be amended from time to time. 
 2.48. “Securities Act”
means the Securities Act of 1933, as it may be amended from time to time, including the rules and regulations promulgated thereunder and successor provisions and rules and regulations thereto. 

2.49. “Share” means a share of common stock, par value $0.00001 per share, of the Company (including any new, additional
or different stock or securities resulting from any change in corporate capitalization as listed in Section 4.3). 
 2.50.
“Stock Appreciation Right” or “SAR” means an Award, granted alone (a “Freestanding SAR”) or in connection with a related Option (a “Tandem SAR”), designated as a SAR, pursuant to
the terms of Article VII. 
 2.51. “Subject Person” has the meaning provided in Section 2.7. 

2.52. “Subsidiary” means any present or future corporation which is or would be a “subsidiary corporation” of
the Company as the term is defined in Section 424(f) of the Code. 
 2.53. “Substitute Awards” means
Awards granted or Shares issued by the Company in assumption of, or in substitution or exchange for, options or other awards previously granted, or the right or obligation to grant future options or other awards, by a company acquired by the
Company, a Subsidiary and/or an Affiliate or with which the Company, a Subsidiary and/or an Affiliate combines, or otherwise in connection with any merger, consolidation, acquisition of property or stock, or reorganization involving the Company, a
Subsidiary or an Affiliate, including a transaction described in Code Section 424(a). 
 2.54. “Tandem
SAR” means a SAR that is granted in connection with a related Option pursuant to Article VII. 
 2.55.
“Termination” means the time when a Participant ceases the performance of services for the Company, any Affiliate or Subsidiary, as applicable, for any reason, with or without Cause, including a Termination by resignation,
discharge, death, Disability or Retirement, but excluding (a) a Termination where there is a simultaneous reemployment or continuing employment of a Participant by the Company, Affiliate or any Subsidiary, (b) at the discretion of the Committee, a
Termination that results in a temporary severance, and (c) at the discretion of the Committee, a Termination of an Employee that is immediately followed by the Participant’s service as a Non-Employee Director. Notwithstanding any other
provisions of the Plan or any Award Agreement to the contrary, a Termination shall not be deemed to have occurred for purposes of any provision the Plan or any Award Agreement providing for payment or distribution with respect to an Award
constituting deferred compensation subject to Code 
  

 © Copyright 2010 

-9- 

 
Section 409A upon or following a termination of employment unless such termination is also a “separation from service” within the meaning of Code Section 409A. 

2.56. “Voting Securities” shall mean, with respect to any Person that is a corporation, all outstanding voting
securities of such Person entitled to vote generally in the election of the board of directors of such Person. 
 ARTICLE III.

 ADMINISTRATION 

3.1. General. The Committee shall have exclusive authority to operate, manage and administer the Plan in accordance with its terms
and conditions. Notwithstanding the foregoing, in its absolute discretion, the Board may at any time and from time to time exercise any and all rights, duties and responsibilities of the Committee under the Plan, including establishing procedures to
be followed by the Committee, but excluding matters which under any applicable law, regulation or rule, including any exemptive rule under Section 16 of the Exchange Act (including Rule 16b-3) or Section 162(m) of the Code, are required to
be determined in the sole discretion of the Committee. If and to the extent that the Committee does not exist or cannot function, the Board may take any action under the Plan that would otherwise be the responsibility of the Committee, subject to
the limitations set forth in the immediately preceding sentence. Notwithstanding any other provision of the Plan to the contrary, any action or determination specifically affecting or relating to an Award granted to a Non-Employee Director shall be
taken or approved, by the Board or the Committee. 
 3.2. Committee. The members of the Committee shall be appointed from
time to time by, and shall serve at the discretion of, the Board of Directors. The Committee shall consist of not less than three (3) non-employee members of the Board, each of whom satisfies such criteria of independence as the Board may
establish and such additional regulatory or listing requirements as the Board may determine to be applicable or appropriate. Appointment of Committee members shall be effective upon their acceptance of such appointment. Committee members may be
removed by the Board at any time either with or without cause, and such members may resign at any time by delivering notice thereof to the Board. Any vacancy on the Committee, whether due to action of the Board or any other reason, shall be filled
by the Board. The Committee shall keep minutes of its meetings. A majority of the Committee shall constitute a quorum and a majority of a quorum may authorize any action. 

3.3. Authority of the Committee. The Committee shall have full discretionary authority to grant, pursuant to the terms of the
Plan, Awards to those individuals who are eligible to receive Awards under the Plan. Except as limited by law or by the Articles of Incorporation or Bylaws of the Company, and subject to the provisions herein, the Committee shall have full power, in
accordance with the other terms and provisions of the Plan, to: 
 (a) select Employees and Non-Employee
Directors who may receive Awards under the Plan and become Participants; 
 (b) determine eligibility for
participation in the Plan and decide all questions concerning eligibility for, and the amount of, Awards under the Plan; 
  

 © Copyright 2010 

-10- 

 (c) determine the sizes and types of Awards; 

(d) determine the terms and conditions of Awards, including the Option Prices of Options and the Grant Prices of SARs;

 (e) grant Awards as an alternative to, or as the form of payment for grants or rights earned or payable under,
other bonus or compensation plans, arrangements or policies of the Company or a Subsidiary or Affiliate; 
 (f)
grant Substitute Awards on such terms and conditions as the Committee may prescribe, subject to compliance with the ISO rules under Code Section 422 and the nonqualified deferred compensation rules under Code Section 409A, where
applicable; 
 (g) make all determinations under the Plan concerning Termination of any Participant’s
employment or service with the Company or a Subsidiary or Affiliate, including whether such Termination occurs by reason of Cause, Disability or Retirement or in connection with a Change of Control and whether a leave constitutes a Termination;

 (h) construe and interpret the Plan and any agreement or instrument entered into under the Plan, including any
Award Agreement; 
 (i) establish and administer any terms, conditions, restrictions, limitations, forfeiture,
vesting or exercise schedule, and other provisions of or relating to any Award; 
 (j) establish and administer
any performance goals in connection with any Awards, including related Performance Measures or performance criteria and applicable Performance Periods, determine the extent to which any performance goals and/or other terms and conditions of an Award
are attained or are not attained, and certify whether, and to what extent, any such performance goals and other material terms applicable to Awards intended to qualify as Performance-Based Compensation were in fact satisfied; 

(k) construe any ambiguous provisions, correct any defects, supply any omissions and reconcile any inconsistencies in the
Plan and/or any Award Agreement or any other instrument relating to any Awards; 
 (l) establish, adopt, amend,
waive and/or rescind rules, regulations, procedures, guidelines, forms and/or instruments for the Plan’s operation or administration; 

(m) make all valuation determinations relating to Awards and the payment or settlement thereof; 

(n) grant waivers of terms, conditions, restrictions and limitations under the Plan or applicable to any Award, or
accelerate the vesting or exercisability of any Award; 
 (o) subject to the provisions of Article XVI, amend or
adjust the terms and conditions of any outstanding Award and/or adjust the number and/or class of shares of stock subject to any outstanding Award; 
  

 © Copyright 2010 

-11- 

 (p) at any time and from time to time after the granting of an Award,
specify such additional terms, conditions and restrictions with respect to such Award as may be deemed necessary or appropriate to ensure compliance with any and all applicable laws or rules, including terms, restrictions and conditions for
compliance with applicable securities laws or listing rules, methods of withholding or providing for the payment of required taxes and restrictions regarding a Participant’s ability to exercise Options through a cashless (broker-assisted)
exercise; 
 (q) offer to buy out an Award previously granted, based on such terms and conditions as the
Committee shall establish with and communicate to the Participant at the time such offer is made; 
 (r)
determine whether, and to what extent and under what circumstances Awards may be settled in cash, Shares or other property or canceled or suspended; and 

(s) exercise all such other authorities, take all such other actions and make all such other determinations as it deems
necessary or advisable for the proper operation and/or administration of the Plan. 
 3.4. Award Agreements. The
Committee shall, subject to applicable laws and rules, determine the date an Award is granted. Each Award shall be evidenced by an Award Agreement; however, two or more Awards granted to a single Participant may be combined in a single Award
Agreement. An Award Agreement shall not be a precondition to the granting of an Award; provided, however, that (a) the Committee may, but need not, require as a condition to any Award Agreement’s effectiveness, that such
Award Agreement be executed on behalf of the Company and/or by the Participant to whom the Award evidenced thereby shall have been granted (including by electronic signature or other electronic indication of acceptance), and such executed Award
Agreement be delivered to the Company, and (b) no person shall have any rights under any Award unless and until the Participant to whom such Award shall have been granted has complied with the applicable terms and conditions of the Award. The
Committee shall prescribe the form of all Award Agreements, and, subject to the terms and conditions of the Plan, shall determine the content of all Award Agreements. Any Award Agreement may be supplemented or amended in writing from time to time as
approved by the Committee; provided that the terms and conditions of any such Award Agreement as supplemented or amended are not inconsistent with the provisions of the Plan. In the event of any dispute or discrepancy concerning the terms of
an Award, the records of the Committee or its designee shall be determinative. 
 3.5. Discretionary Authority; Decisions
Binding. The Committee shall have full discretionary authority in all matters related to the discharge of its responsibilities and the exercise of its authority under the Plan. All determinations, decisions, actions and interpretations by the
Committee with respect to the Plan and any Award Agreement, and all related orders and resolutions of the Committee shall be final, conclusive and binding on all Participants, the Company and its shareholders, any Subsidiary or Affiliate and all
persons having or claiming to have any right or interest in or under the Plan and/or any Award Agreement. The Committee shall consider such factors as it deems relevant to making or taking such decisions, determinations, actions and interpretations,
including the recommendations or advice of any 
  

 © Copyright 2010 

-12- 

 
Director or officer or employee of the Company, any director, officer or employee of a Subsidiary or Affiliate and such attorneys, consultants and accountants as the Committee may select. A
Participant or other holder of an Award may contest a decision or action by the Committee with respect to such person or Award only on the grounds that such decision or action was arbitrary or capricious or was unlawful, and any review of such
decision or action shall be limited to determining whether the Committee’s decision or action was arbitrary or capricious or was unlawful. 

3.6. Attorneys; Consultants. The Committee may consult with counsel who may be counsel to the Company. The Committee may, with the
approval of the Board, employ such other attorneys and/or consultants, accountants, appraisers, brokers, agents and other persons, any of whom may be an Employee, as the Committee deems necessary or appropriate. The Committee, the Company and its
officers and Directors shall be entitled to rely upon the advice, opinions or valuations of any such persons. The Committee shall not incur any liability for any action taken in good faith in reliance upon the advice of such counsel or other
persons. 
 3.7. Delegation of Administration. Except to the extent prohibited by applicable law, including any
applicable exemptive rule under Section 16 of the Exchange Act (including Rule 16b-3) or Section 162(m) of the Code, or the applicable rules of a stock exchange, the Committee may, in its discretion, allocate all or any portion of its
responsibilities and powers under this Article III to any one or more of its members and/or delegate all or any part of its responsibilities and powers under this Article III to any person or persons selected by it; provided, however,
that the Committee may not delegate its authority to correct defects, omissions or inconsistencies in the Plan. Any such authority delegated or allocated by the Committee under this Section 3.7 shall be exercised in accordance with the terms
and conditions of the Plan and any rules, regulations or administrative guidelines that may from time to time be established by the Committee, and any such allocation or delegation may be revoked by the Committee at any time. 

ARTICLE IV.  

SHARES SUBJECT TO THE PLAN AND ANNUAL AWARD LIMITS 

4.1. Number of Shares Available for Grants. The shares of stock subject to Awards granted under the Plan shall be Shares. Such
Shares subject to the Plan may be either authorized and unissued shares (which will not be subject to preemptive rights) or previously issued shares acquired by the Company or any Subsidiary. Subject to adjustment as provided in Section 4.3, the
total number of Shares that may be delivered pursuant to Awards under the Plan shall be sixteen million (16,000,000) Shares. If (a) any Shares are subject to an Option, SAR, or other Award which for any reason expires or is terminated or canceled
without having been fully exercised, or are subject to any Restricted Stock Award (including any Shares subject to a Participant’s Restricted Stock Award that are repurchased by the Company at the Participant’s cost), Restricted Stock Unit
Award or other Award granted under the Plan which are forfeited, or (b) any Award based on Shares is settled for cash, expires or otherwise terminates without the issuance of such Shares, the Shares subject to any such Award shall, to the
extent of any such expiration, termination, cancellation, forfeiture or cash settlement, be available for delivery in connection with future Awards under the Plan; provided, however, that (i) all Shares covered by a SAR, to the
extent that it is exercised, and whether or not Shares are actually issued to the 
  

 © Copyright 2010 

-13- 

 
Participant upon exercise of the SAR and (ii) all Shares withheld by the Company to pay the exercise price of an Option and/or the withholding taxes related an Award shall reduce the total
number of Shares available for delivery under the Plan. Any Shares delivered under the Plan upon exercise or satisfaction of Substitute Awards shall not reduce the Shares available for delivery under the Plan; provided, however, that
the total number of Shares that may be delivered pursuant to Incentive Stock Options granted under the Plan shall be the number of Shares set forth in the first sentence of this Section 4.1, as adjusted pursuant to this Section 4.1, but
without application of the foregoing provisions of this sentence. 
 4.2. Annual Award Limits. The following limits shall
apply to grants of all Awards under the Plan: 
 (a) Options: The maximum aggregate number of Shares that
may be subject to Options granted in any one Fiscal Year to any one Participant shall be five hundred thousand (500,000) Shares. 

(b) SARs: The maximum aggregate number of Shares that may be subject to Stock Appreciation Rights granted in any
one Fiscal Year to any one Participant shall be five hundred thousand (500,000) Shares. Any Shares covered by Options which include Tandem SARs granted to one Participant in any Fiscal Year shall reduce this limit on the number of Shares
subject to SARs that can be granted to such Participant in such Fiscal Year. 
 (c) Restricted Stock or
Restricted Stock Units: The maximum aggregate number of Shares that may be subject to Awards of Restricted Stock or Restricted Stock Units granted in any one Fiscal Year to any one Participant shall be one hundred twenty-five
(125,000) Shares. 
 (d) Performance Shares or Performance Units: The maximum aggregate grant with
respect to Awards of Performance Shares or Performance Units granted in any one Fiscal Year to any one Participant shall be one hundred twenty-five (125,000) Shares. 

(e) Other Stock-Based Awards: The maximum aggregate grant with respect to Other Stock-Based Awards made in any one
Fiscal Year to any one Participant shall be one hundred twenty-five (125,000) Shares (or cash amounts based on the value of such number of Shares). 

To the extent required by Section 162(m) of the Code, Shares subject to Options or SARs which are canceled shall continue to be counted against the
limits set forth in paragraphs (a) and (b) immediately preceding. 
 4.3. Adjustments in Authorized Shares. In
the event of any corporate event or transaction (including a change in the Shares or the capitalization of the Company), such as a reclassification, recapitalization, merger, consolidation, reorganization (whether or not such reorganization comes
within the definition of such term in Section 368 of the Code), issuance of warrants or rights, dividend or other distribution (whether in the form of cash, stock or other property), stock split or reverse stock split, spin-off, split-up,
combination or exchange of shares, 
  

 © Copyright 2010 

-14- 

 
repurchase of shares, or other like change in corporate structure, partial or complete liquidation of the Company or distribution (other than ordinary cash dividends) to shareholders of the
Company, or any similar corporate event or transaction, the Committee, in order to prevent dilution or enlargement of Participants’ rights under the Plan, shall substitute or adjust, as applicable, the number, class and kind of securities which
may be delivered under Section 4.1; the number, class and kind, and/or price (such as the Option Price of Options or the Grant Price of SARs) of securities subject to outstanding Awards; the Award limits set forth in Section 4.2; and other
value determinations applicable to outstanding Awards; provided, however, that the number of Shares subject to any Award shall always be a whole number. The Committee shall also make appropriate adjustments and modifications in the
terms of any outstanding Awards to reflect or related to any such events, adjustments, substitutions or changes, including modifications of performance goals and changes in the length of Performance Periods, subject to the requirements of Article XI
in the case of Awards intended to qualify as Performance-Based Compensation. Any adjustment, substitution or change pursuant to this Section 4.3 made with respect to an Award intended to be an Incentive Stock Option shall be made only to the
extent consistent with such intent, unless the Committee determines otherwise, and any such adjustment that is made with respect to an Award that provides for Performance-Based Compensation shall be made consistent with the intent that such Award
qualify for the performance-based compensation exception under Section 162(m) of the Code. The Committee shall not make any adjustment pursuant to this Section 4.3 that would cause an Award that is otherwise exempt from Code
Section 409A to become subject to Code Section 409A, or that would cause an Award that is subject to Code Section 409A to fail to satisfy the requirements of Code Section 409A. All determinations of the Committee as to
adjustments or changes, if any, under this Section 4.3 shall be conclusive and binding on the Participants. 
 4.4. No
Limitation on Corporate Actions. The existence of the Plan and any Awards granted hereunder shall not affect in any way the right or power of the Company, any Subsidiary or any Affiliate to make or authorize any adjustment, recapitalization,
reorganization or other change in its capital structure or business structure, any merger or consolidation, any issuance of debt, preferred or prior preference stock ahead of or affecting the Shares, additional shares of capital stock or other
securities or subscription rights thereto, any dissolution or liquidation, any sale or transfer of all or part of its assets or business or any other corporate act or proceeding. Further, except as expressly provided herein or by the Committee, (i)
the issuance by the Company of Shares or any class of securities convertible into shares of stock of any class, for cash, property, labor or services, upon direct sale, 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, (ii) the payment of an ordinary dividend in cash or property other than Shares, or (iii) the occurrence of any similar transaction, and in any
case whether or not for fair value, shall not affect, and no adjustment by reason thereof shall be made with respect to, the number of Shares subject to Awards theretofore granted or the Option Price, Grant Price or purchase price per share
applicable to any Award, unless the Committee shall determine, in its discretion, that an adjustment is necessary or appropriate. 
  

 © Copyright 2010 

-15- 

 ARTICLE V.  

ELIGIBILITY AND PARTICIPATION 

5.1. Eligibility. Employees and Non-Employee Directors shall be eligible to become Participants and receive Awards in accordance
with the terms and conditions of the Plan, subject to the limitations on the granting of ISOs set forth in Section 6.9(a), the granting of SARs set forth in Section 7.1 and the granting of Performance Units and Performance Shares set forth
in Section 9.1. 
 5.2. Actual Participation. Subject to the provisions of the Plan, the Committee may, from time to
time, select Participants from all eligible Employees and Non-Employee Directors and shall determine the nature and amount of each Award. 

ARTICLE VI.  

STOCK OPTIONS 

6.1. Grant of Options. Subject to the terms and provisions of the Plan, Options may be granted to Participants in such number, and
upon such terms, and at any time and from time to time as shall be determined by the Committee. The Committee may grant an Option or provide for the grant of an Option, either from time to time in the discretion of the Committee or automatically
upon the occurrence of specified events, including the achievement of performance goals, the satisfaction of an event or condition within the control of the recipient of the Option or within the control of others. The granting of an Option shall
take place when the Committee by resolution, written consent or other appropriate action determines to grant such Option for a particular number of Shares to a particular Participant at a particular Option Price. 

6.2. Award Agreement. Each Option grant shall be evidenced by an Award Agreement that shall specify the Option Price, the maximum
duration of the Option, the number of Shares to which the Option pertains, the conditions upon which the Option shall become exercisable and such other provisions as the Committee shall determine, which are not inconsistent with the terms of the
Plan; provided that if an Award Agreement does not contain exercisability criteria, the Option governed by such Award Agreement shall become exercisable in equal parts on each of the first five (5) anniversaries of the date on which the
Option was granted, subject to the other terms and conditions of the Award Agreement and the Plan. The Award Agreement also shall specify whether the Option is intended to be an ISO or an NQSO. To the extent that any Option does not qualify as an
ISO (whether because of its provisions or the time or manner of its exercise or otherwise), such Option, or the portion thereof which does not so qualify, shall constitute a separate NQSO. 

6.3. Option Price. The Option Price for each Option shall be determined by the Committee and set forth in the Award Agreement;
provided that, subject to Section 6.9(c), the Option Price of an Option shall be not less than one hundred percent (100%) of the Fair Market Value of a Share on the date the Option is granted; provided further, that
Substitute Awards or Awards granted in connection with an adjustment provided for in Section 4.3, in the form of stock options, shall have an Option Price per Share that is intended to maintain the economic value of the Award that was replaced
or adjusted, as determined by the Committee. 
  

 © Copyright 2010 

-16- 

 6.4. Duration of Options. Each Option granted to a Participant
shall expire at such time as the Committee shall determine at the time of grant and set forth in the Award Agreement; provided, however, that no Option shall be exercisable later than the tenth
(10th) anniversary of its date of grant, subject to
the respective last sentences of Sections 6.5 and 6.9(c). 
 6.5. Exercise of Options. Options shall be exercisable at
such times and be subject to such restrictions and conditions as the Committee shall in each instance determine and set forth in the Award Agreement, which need not be the same for each grant or for each Option or Participant. An Agreement may
provide that the period of time over which an Option other than an ISO may be exercised shall be automatically extended if on the scheduled expiration date of such Option the Optionee’s exercise of such Option would violate applicable
securities laws; provided, however, that during such extended exercise period the Option may only be exercised to the extent the Option was exercisable in accordance with its terms immediately prior to such scheduled expiration date;
provided further, however, that such extended exercise period shall end not later than thirty (30) days after the exercise of such Option first would no longer violate such laws. 

6.6. Payment. Options shall be exercised by the delivery of a written notice of exercise to the Company, in a form specified or
accepted by the Committee, or by complying with any alternative exercise procedures that may be authorized by the Committee, setting forth the number of Shares with respect to which the Option is to be exercised, accompanied by full payment for such
Shares, which shall include applicable taxes, if any, in accordance with Article XVII. The Option Price upon exercise of any Option shall be payable to the Company in full either: (a) in cash or its equivalent; (b) subject to such terms,
conditions and limitations as the Committee may prescribe, by tendering (either by actual delivery or attestation) unencumbered Shares previously acquired by the Participant exercising such Option having an aggregate Fair Market Value at the time of
exercise equal to the total Option Price, (c) by a combination of (a) and (b); or (d) by any other method approved or accepted by the Committee in its sole discretion, including, if the Committee so determines, a cashless
(broker-assisted) exercise that complies with all applicable laws and/or by the Company withholding of Shares otherwise deliverable upon exercise of such Option. Subject to any governing rules or regulations, as soon as practicable after receipt of
a written notification of exercise and full payment in accordance with the preceding provisions of this Section 6.6, the Company shall deliver to the Participant exercising an Option, in the Participant’s name, evidence of book entry
Shares, or, upon the Participant’s request, Share certificates, in an appropriate amount based upon the number of Shares purchased under the Option, subject to Section 20.10. Unless otherwise determined by the Committee, all payments under
all of the methods described above shall be paid in United States dollars. 
 6.7. Rights as a Shareholder. No
Participant or other person shall become the beneficial owner of any Shares subject to an Option, nor have any rights to dividends or other rights of a shareholder with respect to any such Shares, until the Participant has actually received such
Shares following exercise of his or her Option in accordance with the provisions of the Plan and the applicable Award Agreement. 

6.8. Termination of Employment or Service. Except as otherwise provided in the Award Agreement, an Option may be exercised only to
the extent that it is then exercisable, and 
  

 © Copyright 2010 

-17- 

 
if at all times during the period beginning with the date of granting of such Option and ending on the date of exercise of such Option the Participant is an Employee or Non-Employee Director, and
shall terminate immediately upon a Termination of the Participant. 
 Notwithstanding the immediately foregoing paragraph, an
Option may only be exercised following Termination as provided below in this Section 6.8, unless otherwise provided by the Committee or in the Award Agreement: 

(a) In the event a Participant ceases to be an Employee because of Retirement or ceases to be a Non-Employee Director
because of voluntary resignation, the Participant shall have the right to exercise his or her Option, to the extent exercisable as of the date of such Retirement or voluntary resignation, respectively, at any time within one (1) year after
Retirement or voluntary resignation, respectively. 
 (b) In the event a Participant ceases to be an Employee or
Non-Employee Director due to Disability, the Option held by the Participant may be exercised, to the extent exercisable as of the date of such Termination, at any time within one (1) year after such Termination. 

(c) In the event a Participant’s employment with the Company or any Affiliate or Subsidiary or a
Participant’s rendering of services as a Non-Employee Director to the Company ceases for reasons other than those described in subsections (a) or (b) immediately above and not due to Termination for Cause, his or her Option, to the
extent exercisable as of the date of such Termination, may be exercised at any time prior to the first
(1st) anniversary of the date of such Termination.

 (d) In the event a Participant dies either while an Employee or Non-Employee Director or after Termination
under circumstances described in subsections (a), (b) or (c) immediately above within the applicable time period described therein, any Options held by such Participant, to the extent such Options would have been exercisable in accordance
with the applicable subsection of this Section 6.8 as of the date of the Participant’s death, may be exercised at any time within one (1) year after the Participant’s death by the Participant’s beneficiary or the executors
or administrators of the Participant’s estate or by any person or persons who shall have acquired the Option directly from the Participant by bequest or inheritance, in accordance herewith. 

Notwithstanding the foregoing provisions of this Section 6.8 to the contrary, the Committee may determine in its discretion that an Option may be
exercised following any such Termination, whether or not exercisable at the time of such Termination. Subsections (a), (b), (c) and (d) of this Section 6.8, and the immediately preceding sentence, shall be subject to the condition
that, except as otherwise provided by the Committee, no Option may be exercised after a Participant’s Termination for Cause or after the expiration date of such Option specified in the applicable Award Agreement. 

6.9. Limitations on Incentive Stock Options. 

(a) General. No ISO shall be granted to any individual otherwise eligible to participate in the Plan who is not an
Employee of the Company or a Subsidiary on the 
  

 © Copyright 2010 

-18- 

 
date of granting of such Option. Any ISO granted under the Plan shall contain such terms and conditions, consistent with the Plan, as the Committee may determine to be necessary to qualify such
Option as an “incentive stock option” under Section 422 of the Code. Any ISO granted under the Plan may be modified by the Committee to disqualify such Option from treatment as an “incentive stock option” under
Section 422 of the Code. 
 (b) $100,000 Per Year Limitation. Notwithstanding any intent to grant
ISOs, an Option granted under the Plan will not be considered an ISO to the extent that it, together with any other “incentive stock options” (within the meaning of Section 422 of the Code, but without regard to subsection (d) of
such Section) under the Plan and any other “incentive stock option” plans of the Company, any Subsidiary and any “parent corporation” of the Company within the meaning of Section 424(e) of the Code, are exercisable for the
first time by any Participant during any calendar year with respect to Shares having an aggregate Fair Market Value in excess of $100,000 (or such other limit as may be required by the Code) as of the time the Option with respect to such Shares is
granted. The rule set forth in the preceding sentence shall be applied by taking Options into account in the order in which they were granted. 

(c) Options Granted to Certain Shareholders. No ISO shall be granted to an individual otherwise eligible to
participate in the Plan who owns (within the meaning of Section 424(d) of the Code), at the time the Option is granted, more than ten percent (10%) of the total combined voting power of all classes of stock of the Company or a Subsidiary
or any “parent corporation” of the Company within the meaning of Section 424(e) of the Code. This restriction does not apply if at the time such ISO is granted the Option Price of the ISO is at least 110% of the Fair Market Value of a
Share on the date such ISO is granted, and the ISO by its terms is not exercisable after the expiration of five years from such date of grant. 

6.10. No Repricing. Notwithstanding anything in the Plan to the contrary, no Option may be repriced, regranted through
cancellation, or otherwise amended to reduce the Option Price applicable thereto (other than with respect to adjustments described in Section 4.3) without the approval of the Company’s shareholders to the extent required by the listing
requirements of any national securities exchange on which the Company’s securities are then actively traded. 
 ARTICLE VII.

 STOCK APPRECIATION RIGHTS 

7.1. Grant of SARs. Subject to the terms and conditions of the Plan, SARs may be granted to Participants other than Non-Employee
Directors at any time and from time to time as shall be determined by the Committee. The Committee may grant a SAR (a) in connection and simultaneously with the grant of an Option (a Tandem SAR) or (b) independent of, and unrelated to, an Option (a
Freestanding SAR). The Committee shall have complete discretion in determining the number of Shares to which a SAR pertains (subject to Article IV) and, consistent with the provisions of the Plan, in determining the terms and conditions pertaining
to any SAR. The 
  

 © Copyright 2010 

-19- 

 
terms and conditions of SARs shall be consistent with the Plan and set forth in the Award Agreement and need not be uniform among all SARs or all Participants receiving such SARs. 

7.2. Grant Price. The Grant Price for each SAR shall be determined by the Committee and set forth in the Award Agreement,
subject to the limitations of this Section 7.2. The Grant Price for each Freestanding SAR shall be not less than one hundred percent (100%) of the Fair Market Value of a Share on the date such Freestanding SAR is granted, except in the
case of Substitute Awards or Awards granted in connection with an adjustment provided for in Section 4.3. The Grant Price of a Tandem SAR shall be equal to the Option Price of the related Option. 

7.3. Exercise of Tandem SARs. Tandem SARs 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. A Tandem SAR shall be exercisable only when and to the extent the related Option is exercisable and may be exercised only with respect to the Shares for which the
related Option is then exercisable. A Tandem SAR shall entitle a Participant to elect, in the manner set forth in the Plan and the applicable Award Agreement, in lieu of exercising his or her unexercised related Option for all or a portion of the
Shares for which such Option is then exercisable pursuant to its terms, to surrender such Option to the Company with respect to any or all of such Shares and to receive from the Company in exchange therefor a payment described in Section 7.7.
An Option with respect to which a Participant has elected to exercise a Tandem SAR shall, to the extent of the Shares covered by such exercise, be canceled automatically and surrendered to the Company. Such Option shall thereafter remain exercisable
according to its terms only with respect to the number of Shares as to which it would otherwise be exercisable, less the number of Shares with respect to which such Tandem SAR has been so exercised. Notwithstanding any other provision of the Plan to
the contrary, with respect to a Tandem SAR granted in connection with an ISO: (a) the Tandem SAR will expire no later than the expiration of the related ISO; (b) the value of the payment with respect to the Tandem SAR may not exceed the
difference between the Fair Market Value of the Shares subject to the related ISO at the time the Tandem SAR is exercised and the Option Price of the related ISO; and (c) the Tandem SAR may be exercised only when the Fair Market Value of the
Shares subject to the ISO exceeds the Option Price of the ISO. 
 7.4. Exercise of Freestanding SARs. Freestanding SARs
may be exercised upon whatever terms and conditions the Committee, in its sole discretion, in accordance with the Plan, determines and sets forth in the Award Agreement. 

7.5. Award Agreement. Each SAR grant shall be evidenced by an Award Agreement that shall specify the number of Shares to which the
SAR pertains, the Grant Price, the term of the SAR, and such other terms and conditions as the Committee shall determine in accordance with the Plan. 

7.6. Term of SARs. The term of a SAR granted under the Plan shall be determined by the Committee, in its sole discretion;
provided, however, that the term of any Tandem SAR shall be the same as the related Option and no SAR shall be exercisable more than ten (10) years after it is granted, subject to the last sentence of Section 6.5 in the case
of a Tandem SAR. 
  

 © Copyright 2010 

-20- 

 7.7. Payment of SAR Amount. An election to exercise SARs shall be deemed to have been
made on the date of Notice of such election to the Company. Upon exercise of a SAR, a Participant shall be entitled to receive payment from the Company in an amount determined by multiplying: 

(a) The excess of the Fair Market Value of a Share 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. 

Notwithstanding the foregoing provisions of this Section 7.7 to the contrary, the Committee may establish and set forth in the applicable Award
Agreement a maximum amount per Share that will be payable upon the exercise of a SAR. At the discretion of the Committee, such payment upon exercise of a SAR shall be in cash, in Shares of equivalent Fair Market Value, or in some combination
thereof. 
 7.8. Rights as a Shareholder. A Participant receiving a SAR shall have the rights of a Shareholder only as to
Shares, if any, actually issued to such Participant upon satisfaction or achievement of the terms and conditions of the Award, and in accordance with the provisions of the Plan and the applicable Award Agreement, and not with respect to Shares to
which such Award relates but which are not actually issued to such Participant. 
 7.9. Termination of Employment or
Service. Each SAR Award Agreement shall set forth the extent to which the Participant shall have the right to exercise the SAR following such Participant’s Termination, subject to Section 6.8, as applicable to any Tandem SAR. Such
provisions shall be determined in the sole discretion of the Committee, need not be uniform among all SARs issued pursuant to the Plan, and may reflect distinctions based on the reasons for Termination. 

7.10. No Repricing. Notwithstanding anything in the Plan to the contrary, no SAR may be repriced, regranted through cancellation,
or otherwise amended to reduce the Grant Price applicable thereto (other than with respect to adjustments described in Section 4.3) without the approval of the Company’s shareholders to the extent required by the listing requirements of
any national securities exchange on which the Company’s securities are then actively traded. 
 ARTICLE VIII. 

RESTRICTED STOCK AND RESTRICTED STOCK UNITS 

8.1. Awards of Restricted Stock and Restricted Stock Units. Subject to the terms and provisions of the Plan, the Committee, at any
time and from time to time, may grant Shares of Restricted Stock and/or Restricted Stock Units to Participants in such amounts as the Committee shall determine. Subject to the terms and conditions of this Article VIII and the Award Agreement, upon
delivery of Shares of Restricted Stock to a Participant, or creation of a book entry evidencing a Participant’s ownership of Shares of Restricted Stock, pursuant to Section 8.6, the Participant shall have all of the rights of a shareholder with
respect to such Shares, subject to the terms and restrictions set forth in this Article VIII or the applicable Award Agreement or as determined by the Committee. Restricted Stock Units shall be similar to Restricted Stock, except no Shares are
actually awarded to a Participant who is granted Restricted Stock Units on the date 
  

 © Copyright 2010 

-21- 

 
of grant, and such Participant shall have no rights of a shareholder with respect to such Restricted Stock Units. 

8.2. Award Agreement. Each Restricted Stock and/or Restricted Stock Unit Award shall be evidenced by an Award Agreement that shall
specify the Period of Restriction, the number of Shares of Restricted Stock or the number of Restricted Stock Units granted, and such other provisions as the Committee shall determine in accordance with the Plan. 

8.3. Nontransferability of Restricted Stock. Except as provided in this Article VIII, Shares of Restricted Stock may not be sold,
transferred, pledged, assigned, encumbered, alienated, hypothecated or otherwise disposed of until the end of the applicable Period of Restriction established by the Committee and specified in the Restricted Stock Award Agreement. 

8.4. Period of Restriction and Other Restrictions. The Period of Restriction shall lapse based on continuing service as a
Non-Employee Director or continuing employment with the Company, a Subsidiary or an Affiliate, the achievement of performance goals, the satisfaction of other conditions or restrictions or upon the occurrence of other events, in each case, as
determined by the Committee, at its discretion, and stated in the Award Agreement. 
 8.5. Delivery of Shares, Payment of
Restricted Stock Units. Subject to Section 20.10, after the last day of the Period of Restriction applicable to a Participant’s Shares of Restricted Stock, and after all conditions and restrictions applicable to such Shares of
Restricted Stock have been satisfied or lapse (including satisfaction of any applicable withholding tax obligations), pursuant to the applicable Award Agreement, such Shares of Restricted Stock shall become freely transferable by such Participant.
After the last day of the Period of Restriction applicable to a Participant’s Restricted Stock Units, and after all conditions and restrictions applicable to Restricted Stock Units have been satisfied or lapse (including satisfaction of any
applicable withholding tax obligations), pursuant to the applicable Award Agreement, such Restricted Stock Units shall be settled by delivery of Shares, a cash payment determined by reference to the then-current Fair Market Value of Shares or a
combination of Shares and such cash payment as the Committee, in its sole discretion, shall determine, either by the terms of the Award Agreement or otherwise. 

8.6. Forms of Restricted Stock Awards. Each Participant who receives an Award of Shares of Restricted Stock shall be issued a
stock certificate or certificates evidencing the Shares covered by such Award registered in the name of such Participant, which certificate or certificates may contain an appropriate legend. The Committee may require a Participant who receives a
certificate or certificates evidencing a Restricted Stock Award to immediately deposit such certificate or certificates, together with a stock power or other appropriate instrument of transfer, endorsed in blank by the Participant, with signatures
guaranteed in accordance with the Exchange Act if required by the Committee, with the Secretary of the Company or an escrow holder as provided in the immediately following sentence. The Secretary of the Company or such escrow holder as the Committee
may appoint shall retain physical custody of each certificate representing a Restricted Stock Award until the Period of Restriction and any other restrictions imposed by the Committee or under the Award Agreement with respect to the Shares evidenced
by such certificate expire or shall have been removed. The foregoing to the contrary 
  

 © Copyright 2010 

-22- 

 
notwithstanding, the Committee may, in its discretion, provide that a Participant’s ownership of Shares of Restricted Stock prior to the lapse of the Period of Restriction or any other
applicable restrictions shall, in lieu of such certificates, be evidenced by a “book entry” (i.e., a computerized or manual entry) in the records of the Company or its designated agent in the name of the Participant who has received
such Award. Such records of the Company or such agent shall, absent manifest error, be binding on all Participants who receive Restricted Stock Awards evidenced in such manner. The holding of Shares of Restricted Stock by the Company or such an
escrow holder, or the use of book entries to evidence the ownership of Shares of Restricted Stock, in accordance with this Section 8.6, shall not affect the rights of Participants as owners of the Shares of Restricted Stock awarded to them, nor
affect the restrictions applicable to such shares under the Award Agreement or the Plan, including the Period of Restriction. 

8.7. Voting Rights. Unless otherwise determined by the Committee and set forth in a Participant’s Award Agreement, to the
extent permitted or required by law, as determined by the Committee, Participants holding Shares of Restricted Stock may be granted the right to exercise full voting rights with respect to those Shares during the Period of Restriction. A Participant
shall have no voting rights with respect to any Restricted Stock Units. 
 8.8. Dividends and Other Distributions. During
the Period of Restriction, Participants holding Shares of Restricted Stock shall be credited with any cash dividends paid with respect to such Shares while they are so held, unless determined otherwise by the Committee and set forth in the Award
Agreement. The Committee may apply any restrictions to such dividends that the Committee deems appropriate. Except as set forth in the Award Agreement, in the event of (a) any adjustment as provided in Section 4.3, or (b) any shares
or securities are received as a dividend, or an extraordinary dividend is paid in cash, on Shares of Restricted Stock, any new or additional Shares or securities or any extraordinary dividends paid in cash received by a recipient of Restricted Stock
shall be subject to the same terms and conditions, including the Period of Restriction, as relate to the original Shares of Restricted Stock. 

8.9. Termination of Employment or Service. Except as otherwise provided in this Section 8.9, during the Period of
Restriction, any Restricted Stock Units and/or Shares of Restricted Stock held by a Participant shall be forfeited and revert to the Company (or, if Shares of Restricted Sock were sold to the Participant, the Participant shall be required to resell
such Shares to the Company at cost) upon the Participant’s Termination or the failure to meet or satisfy any applicable performance goals or other terms, conditions and restrictions to the extent set forth in the applicable Award Agreement.
Each applicable Award Agreement shall set forth the extent to which, if any, the Participant shall have the right to retain Restricted Stock Units and/or Shares of Restricted Stock following such Participant’s Termination. Such provisions shall
be determined in the sole discretion of the Committee, shall be included in the applicable Award Agreement, need not be uniform among all such Awards issued pursuant to the Plan, and may reflect distinctions based on the reasons for, or
circumstances of, such Termination. 
 8.10. Compliance With Code Section 409A. Unless the Committee provides
otherwise in an Award Agreement, each Restricted Stock Unit shall be paid in full to the Participant no later than the fifteenth day of the third month after the end of the first calendar year in which the Restricted Stock Unit is no longer subject
to a “substantial risk of forfeiture” within the meaning of Code Section 409A. If the Committee provides in an Award Agreement 

 

 © Copyright 2010 

-23- 

 
that a Restricted Stock Unit is intended to be subject to Code Section 409A, the Award Agreement shall include terms that are intended to satisfy the requirements of Code Section 409A.

 ARTICLE IX. 

PERFORMANCE UNITS AND PERFORMANCE SHARES 

9.1. Grant of Performance Units and Performance Shares. Subject to the terms of the Plan, Performance Units and/or Performance
Shares may be granted to Participants other than Non-Employee Directors in such amounts and upon such terms, and at any time and from time to time, as shall be determined by the Committee, in accordance with the Plan. A Performance Unit or
Performance Share entitles the Participant who receives such Award to receive Shares or cash upon the attainment of performance goals and/or satisfaction of other terms and conditions determined by the Committee when the Award is granted and set
forth in the Award Agreement. Such entitlements of a Participant with respect to his or her outstanding Performance Unit or Performance Share shall be reflected by a bookkeeping entry in the records of the Company, unless otherwise provided by the
Award Agreement. The terms and conditions of such Awards shall be consistent with the Plan and set forth in the Award Agreement and need not be uniform among all such Awards or all Participants receiving such Awards. 

9.2. Value of Performance Units and Performance Shares. Each Performance Unit shall have an initial value that is established by
the Committee at the time of grant. Each Performance Share shall have an initial value equal to the Fair Market Value of a Share on the date of grant. The Committee shall set performance goals in its discretion which, depending on the extent to
which they are met, will determine the number and/or value of Performance Units and Performance Shares that will be paid out to the Participant. 

9.3. Earning of Performance Units and Performance Shares. Subject to the terms of the Plan, after the applicable Performance
Period has ended, the holder of Performance Units or Performance Shares shall be entitled to receive payment on the number and value of Performance Units or Performance Shares earned by the Participant over the Performance Period, to be determined
as a function of the extent to which the corresponding performance goals and/or other terms and conditions have been achieved or satisfied. The Committee shall determine the extent to which any such pre-established performance goals and/or other
terms and conditions of a Performance Unit or Performance Share are attained or not attained following conclusion of the applicable Performance Period. The Committee may, in its discretion, waive any such performance goals and/or other terms and
conditions relating to any such Award not intended to qualify as Performance-Based Compensation. 
 9.4. Form and Timing of
Payment of Performance Units and Performance Shares. Payment of earned Performance Units and Performance Shares shall be as determined by the Committee and as set forth in the Award Agreement. Subject to the terms of the Plan, the Committee, in
its sole discretion, may pay earned Performance Units and Performance Shares in the form of cash or in Shares (or in a combination thereof) which have an aggregate Fair Market Value equal to the value of the earned Performance Units or Performance
Shares as soon as practicable after the end of the Performance Period and following the Committee’s determination of actual performance against the performance goals and/or other terms and conditions

  

 © Copyright 2010 

-24- 

 
established by the Committee. Such Shares may be granted subject to any restrictions imposed by the Committee, including pursuant to Section 20.10. The determination of the Committee with
respect to the form of payment of such Awards shall be set forth in the Award Agreement pertaining to the grant of the Award. 

9.5. Rights as a Shareholder. A Participant receiving a Performance Unit or Performance Share shall have the rights of a
shareholder only as to Shares, if any, actually received by the Participant upon satisfaction or achievement of the terms and conditions of such Award and not with respect to Shares subject to the Award but not actually issued to such Participant.

 9.6. Termination of Employment or Service. Each Award Agreement shall set forth the extent to which the Participant
shall have the right to retain Performance Units and/or Performance Shares following such Participant’s Termination. Such provisions shall be determined in the sole discretion of the Committee, shall be included in the applicable Award
Agreement, need not be uniform among all such Awards issued pursuant to the Plan, and may reflect distinctions based on the reasons for Termination. 

9.7. Compliance With Code Section 409A. Unless the Committee provides otherwise in an Award Agreement, each Performance Unit
and/or Performance Share that is considered deferred compensation subject to the requirements of Code Section 409A shall be paid in full to the Participant no later than the fifteenth day of the third month after the end of the first calendar
year in which such Award is no longer subject to a “substantial risk of forfeiture” within the meaning of Code Section 409A. If the Committee provides in an Award Agreement that a Performance Share or Performance Unit is intended to
be subject to Code Section 409A, the Award Agreement shall include terms that are intended to satisfy the requirements of Code Section 409A. 

ARTICLE X.  

OTHER STOCK-BASED AWARDS 

10.1. Other Stock-Based Awards. The Committee may grant types of equity-based or equity-related Awards not otherwise described by
the terms of the Plan (including the grant or offer for sale of unrestricted Shares), in such amounts (subject to Article IV) and subject to such terms and conditions, as the Committee shall determine. Such Other Stock-Based Awards may involve the
transfer of actual Shares to Participants, or payment in cash or otherwise of amounts based on the value of Shares and may include Awards designed to comply with or take advantage of the applicable local laws of jurisdictions other than the United
States. The terms and conditions of such Awards shall be consistent with the Plan and set forth in the Award Agreement and need not be uniform among all such Awards or all Participants receiving such Awards. 

10.2. Value of Other Stock-Based Awards. Each Other Stock-Based Award shall be expressed in terms of Shares or units based on
Shares, as determined by the Committee. The Committee may establish performance goals in its discretion, and any such performance goals shall be set forth in the applicable Award Agreement. If the Committee exercises its discretion to establish
performance goals, the number and/or value of Other Stock-Based Awards 
  

 © Copyright 2010 

-25- 

 
that will be paid out to the Participant will depend on the extent to which such performance goals are met. 

10.3. Payment of Other Stock-Based Awards. Payment, if any, with respect to an Other Stock-Based Award shall be made in accordance
with the terms of the Award, as set forth in the Award Agreement, in cash or Shares as the Committee determines. 
 10.4.
Termination of Employment or Service. The Committee shall determine the extent to which the Participant shall have the right to receive Other Stock-Based Awards following the Participant’s Termination. Such provisions shall be determined
in the sole discretion of the Committee, such provisions may be included in the applicable Award Agreement, but need not be uniform among all Other Stock-Based Awards issued pursuant to the Plan, and may reflect distinctions based on the reasons for
Termination. 
 10.5. Compliance With Code Section 409A. Unless the Committee provides otherwise in an Award
Agreement, each Other Stock-Based Award that is considered deferred compensation subject to the requirements of Code Section 409A shall be paid in full to the Participant no later than the fifteenth day of the third month after the end of the
first calendar year in which the Other Stock-Based Award is no longer subject to a “substantial risk of forfeiture” within the meaning of Code Section 409A. If the Committee provides in an Award Agreement that an Other Stock-Based
Award is intended to be subject to Code Section 409A, the Award Agreement shall include terms that are intended to satisfy the requirements of Code Section 409A. 

ARTICLE XI. 

PERFORMANCE MEASURES 

11.1. Performance Measures. The objective performance goals upon which the granting, payment and/or vesting of Awards to Covered
Employees that are intended to qualify as Performance-Based Compensation may occur shall be based on any one or more of the following Performance Measures selected by the Committee: 

(a) Earnings per share; 

(b) Net earnings or net income (before or after taxes); 

(c) Net sales or revenue; 

(d) Net operating profit; 

(e) Return measures (including return on assets, capital, invested capital, equity, sales or revenue); 

(f) Cash flow (including operating cash flow, free cash flow, cash flow return on equity and cash flow return on
investment); 
 (g) Earnings before or after interest, taxes, depreciation and/or amortization; 

(h) Gross or operating margins; 
  

 © Copyright 2010 

-26- 

 (i) Productivity ratios; 

(j) Revenue growth; 

(k) Expenses; 

(l) Margins; 

(m) Operating efficiency; 

(n) Customer satisfaction; 

(o) Working capital; 

(p) Market share; 

(q) Share price (including growth measures, market capitalization, total shareholder return and return relative to market
indices); and 
 (r) Economic value added or EVA (net operating profit after tax minus capital multiplied by the
cost of capital). 
 Such performance goals shall be established by the Committee within the time period prescribed by, and shall otherwise
comply with the requirements of, Code Section 162(m)(4)(C), or any successor provision thereto, and the regulations thereunder, for performance-based compensation, and may be set forth in the applicable Award Agreement. Any Performance Measures
may be used to measure the performance of the Company, its Affiliates, and/or Subsidiaries as a whole or any business unit of the Company, its Affiliates, and/or Subsidiaries or any combination thereof, as the Committee may deem appropriate, or any
of the above Performance Measures as compared to the performance of a group of comparator companies, or published or special index that the Committee, in its sole discretion, deems appropriate, or the Company may select Performance Measure
(g) above as compared to various stock market indices. 
 11.2. Evaluation of Performance. Notwithstanding any other
provision of the Plan, payment or vesting of any such Award that is intended to qualify as Performance-Based Compensation shall not be made until the Committee certifies in writing that the applicable performance goals and any other material terms
of such Award were in fact satisfied, except as otherwise provided in Section 11.3. 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: (a) asset write-downs, (b) litigation or claim judgments or settlements, (c) the effect of changes in tax laws, accounting principles, or other laws or provisions affecting reported results, (d) any
reorganization and restructuring programs, (e) extraordinary, unusual and/or nonrecurring items of gain or loss, (f) acquisitions or divestitures, and (g) foreign exchange gains and losses. To the extent such inclusions or exclusions
affect Awards to Covered Employees, they shall be prescribed in a form that meets the requirements of Code Section 162(m) for deductibility. 

11.3. Adjustment of Performance-Based Compensation. Notwithstanding any provision of the Plan to the contrary, with respect to any
Award that is intended to qualify as Performance-Based Compensation, (a) the Committee may adjust downwards, but not upwards, any amount payable, or other benefits granted, issued, retained and/or vested pursuant to such an

  

 © Copyright 2010 

-27- 

 
Award on account of satisfaction of the applicable performance goals on the basis of such further considerations as the Committee in its discretion shall determine, and (b) the Committee may
not waive the achievement of the applicable performance goals, except in the case of the Participant’s death or Disability, or a Change of Control. 

11.4. Committee Discretion. In the event that applicable tax and/or securities laws change to permit Committee discretion to alter
the governing Performance Measures without obtaining shareholder approval of such changes, the Committee shall have sole discretion to make such changes without obtaining shareholder approval. In addition, in the event that the Committee determines
that it is advisable to grant Awards that shall not qualify as Performance-Based Compensation, the Committee may make such grants without satisfying the requirements of Code Section 162(m) and base vesting of such Awards on performance measures
other than those set forth in Section 11.1 and establish terms and conditions that do not satisfy all of the specific requirements set forth in this Article XI. 

ARTICLE XII.  

DIVIDEND EQUIVALENTS 

12.1. Dividend Equivalents. Unless otherwise provided by the Committee, no adjustment shall be made in the Shares issuable or
taken into account under Awards on account of cash dividends that may be paid or other rights that may be issued to the holders of Shares prior to issuance of such Shares under such Award. The Committee may grant Dividend Equivalents based on the
dividends declared on Shares that are subject to any Award, including any Award the payment or settlement of which is deferred pursuant to Section 20.6. Dividend Equivalents may be credited as of the dividend payment dates, during the period
between the date the Award is granted and the date the Award becomes payable or terminates or expires. Dividend Equivalents may be subject to any limitations and/or restrictions determined by the Committee. Dividend Equivalents shall be converted to
cash or additional Shares by such formula and at such time, and shall be paid at such times, as may be determined by the Committee. Unless the Award Agreement provides otherwise, Dividend Equivalents that are considered deferred compensation subject
to the requirements of Code Section 409A shall be paid to the Participant at least annually, not later than the fifteenth day of the third month following the end of the calendar year in which the Dividend Equivalents are credited (or, if
later, the fifteenth day of the third month following the end of the calendar year in which the Dividend Equivalents are no longer subject to a substantial risk of forfeiture within the meaning of Code Section 409A). Any Dividend Equivalents
that are accumulated and paid after the date specified in the preceding sentence shall be explicitly set forth in a separate arrangement that provides for the payment of the dividend equivalents at a time and in a manner that satisfies the
requirements of Code Section 409A. No Dividend Equivalents shall relate to Shares underlying an Option or SAR unless such Dividend Equivalent rights are explicitly set forth as a separate arrangement and do not cause any such Option or SAR to
be subject to Code Section 409A. 
 ARTICLE XIII.  

TRANSFERABILITY OF AWARDS; BENEFICIARY DESIGNATION 

13.1. Transferability of Incentive Stock Options. No ISO or Tandem SAR granted in connection with an ISO may be sold, transferred,
pledged, assigned, or otherwise 
  

 © Copyright 2010 

-28- 

 
alienated or hypothecated, other than by will or by the laws of descent and distribution or in accordance with Section 13.3. Further, all ISOs and Tandem SARs granted in connection with ISOs
granted to a Participant shall be exercisable during his or her lifetime only by such Participant. 
 13.2. All Other
Awards. Except as otherwise provided in Section 8.5 or Section 13.3 or a Participant’s Award Agreement or otherwise determined at any time by the Committee, no Award granted under the Plan may be sold, transferred, pledged,
assigned, or otherwise alienated or hypothecated, other than by will or by the laws of descent and distribution; provided that the Committee may permit further transferability, on a general or a specific basis, and may impose conditions and
limitations on any permitted transferability, subject to Section 13.1 and any applicable Period of Restriction. Further, except as otherwise provided in a Participant’s Award Agreement or otherwise determined at any time by the Committee,
or unless the Committee decides to permit further transferability, subject to Section 13.1 and any applicable Period of Restriction, all Awards granted to a Participant under the Plan, and all rights with respect to such Awards, shall be
exercisable or available during his or her lifetime only by or to such Participant. With respect to those Awards, if any, that are permitted to be transferred to another individual, references in the Plan to exercise or payment related to such
Awards by or to the Participant shall be deemed to include, as determined by the Committee, the Participant’s permitted transferee. In the event any Award is exercised by or otherwise paid to the executors, administrators, heirs or distributees
of the estate of a deceased Participant, or such a Participant’s beneficiary, or the transferee of an Award, in any such case, pursuant to the terms and conditions of the Plan and the applicable Agreement and in accordance with such terms and
conditions as may be specified from time to time by the Committee, the Company shall be under no obligation to issue Shares thereunder unless and until the Company is satisfied, as determined in the discretion of the Committee, that the person or
persons exercising such Award, or to receive such payment, are the duly appointed legal representative of the deceased Participant’s estate or the proper legatees or distributees thereof or the named beneficiary of such Participant, or the
valid transferee of such Award, as applicable. Any purported assignment, transfer or encumbrance of an Award that does not comply with this Section 13.2 shall be void and unenforceable against the Company. 

13.3. Beneficiary Designation. Each Participant may, from time to time, name any beneficiary or beneficiaries who shall be
permitted to exercise his or her Option or SAR or to whom any benefit under the Plan is to be paid in case of the Participant’s death before he or she fully exercises his or her Option or SAR or receives any or all of such benefit. Each such
designation shall revoke all prior designations by the same Participant, shall be in a form prescribed by the Company, and will be effective only when filed by the Participant in writing with the Company during the Participant’s lifetime. In
the absence of any such beneficiary designation, a Participant’s unexercised Option or SAR, or amounts due but remaining unpaid to such Participant, at the Participant’s death, shall be exercised or paid as designated by the Participant by
will or by the laws of descent and distribution. 
  

 © Copyright 2010 

-29- 

 ARTICLE XIV.  

RIGHTS OF PARTICIPANTS 

14.1. Rights or Claims. No individual shall have any rights or claims under the Plan except in accordance with the provisions of
the Plan and any applicable Award Agreement. The grant of an Award under the Plan shall not confer any rights upon the Participant holding such Award other than such terms, and subject to such conditions, as are specified in the Plan as being
applicable to such type of Award, or to all Awards, or as are expressly set forth in the Award Agreement evidencing such Award. Without limiting the generality of the foregoing, nothing contained in the Plan or in any Award Agreement shall be deemed
to: 
  

	 	(a)	Give any Employee or Non-Employee Director the right to be retained in the service of the Company, an Affiliate and/or a Subsidiary, whether in any particular position,
at any particular rate of compensation, for any particular period of time or otherwise; 

  

	 	(b)	Restrict in any way the right of the Company, an Affiliate and/or a Subsidiary to terminate, change or modify any Employee’s employment or any Non-Employee
Director’s service as a Director at any time with or without Cause; 

  

	 	(c)	Give any Employee or Non-Employee Director the right to receive any bonus, whether payable in cash or in Shares, or in any combination thereof, from the Company, an
Affiliate and/or a Subsidiary, nor be construed as limiting in any way the right of the Company, an Affiliate and/or a Subsidiary to determine, in its sole discretion, whether or not it shall pay any Employee or Non-Employee Director bonuses, and,
if so paid, the amount thereof and the manner of such payment; or 

  

	 	(d)	Give any Participant any rights whatsoever with respect to an Award except as specifically provided in the Plan and the Award Agreement. 

14.2. Adoption of the Plan. The adoption of the Plan shall not be deemed to give any Employee or Non-Employee Director or any
other individual any right to be selected as a Participant or to be granted an Award, or, having been so selected, to be selected to receive a future Award. 

14.3. Vesting. Notwithstanding any other provision of the Plan, a Participant’s right or entitlement to exercise or otherwise
vest in any Award not exercisable or vested at the time of grant shall only result from continued services as a Non-Employee Director or continued employment with the Company or any Subsidiary or Affiliate, or satisfaction of any other performance
goals or other conditions or restrictions applicable, by its terms, to such Award 
 14.4. No Effects on Benefits.
Payments and other compensation received by a Participant under an Award are not part of such Participant’s normal or expected compensation or salary for any purpose, including calculating termination, indemnity, severance, resignation,
redundancy, end of service payments, bonuses, long-service awards, pension or retirement benefits or similar payments under any laws, plans, contracts, arrangements or otherwise. No claim or entitlement to compensation or damages arises from the
termination of the Plan or diminution in value of any Award or Shares purchased or otherwise received under the Plan. 
  

 © Copyright 2010 

-30- 

 14.5. One or More Types of Awards. A particular type of Award may be granted to a
Participant either alone or in addition to other Awards under the Plan. 
 ARTICLE XV.  

CHANGE OF CONTROL 

15.1. Treatment of Outstanding Awards. In the event of a Change of Control, unless otherwise specifically prohibited by any
applicable laws, rules or regulations or otherwise provided in any applicable Award Agreement, as in effect prior to the occurrence of the Change of Control, specifically with respect to a Change of Control: 

(a) Immediately prior to the occurrence of such Change of Control, any and all Options, SARs and Other Stock-Based Awards
(if applicable) which are outstanding shall immediately become fully exercisable as to all Shares covered thereby, notwithstanding anything to the contrary in the Plan or the Award Agreement, and, in the event of a Participant’s Termination
(including termination of employment or services with any successor of the Company, a Subsidiary or an Affiliate) under any circumstances during the one year period following the Change of Control, all Options, SARs and Other Stock-Based Awards (if
applicable) held by such Participant (or such Participant’s beneficiary or transferee) shall remain exercisable at least until the first anniversary of such Termination or the expiration of the term of such Option, SAR or Other Stock-Based
Award, if earlier. 
 (b) Immediately prior to the occurrence of such Change of Control, any restrictions,
performance goals or other conditions applicable to Restricted Stock Units, Shares of Restricted Stock and Other Stock-Based Awards previously awarded to Participants shall be immediately canceled or deemed achieved, the Period of Restriction
applicable thereto shall immediately terminate, and all restrictions on transfer, sale, assignment, pledge or other disposition applicable to any such Shares of Restricted Stock shall immediately lapse, notwithstanding anything to the contrary in
the Plan or the Award Agreement. 
 (c) Immediately prior to the occurrence of such Change of Control, all Awards
which are outstanding shall immediately become fully vested and nonforfeitable. 
 (d) The target payment
opportunities attainable under any outstanding Awards of Performance Units, Performance Shares and other Awards shall be deemed to have been fully earned for the entire Performance Period(s) immediately prior to the effective date of the Change of
Control, unless actual performance exceeds the target, in which case actual performance shall be used. There shall be paid out to each Participant holding such an Award denominated in Shares, not later than five (5) days prior to the effective date
of the Change of Control, a pro rata number of Shares (or the equivalent Fair Market Value thereof, as determined by the Committee, in cash) based upon an assumed achievement of all relevant targeted performance goals, unless actual
performance exceeds the target, in which case actual performance shall be used, and upon the length of time within the Performance Period which has elapsed prior to the Change of Control. Awards denominated in cash shall be paid pro rata to
applicable Participants in cash 
  

 © Copyright 2010 

-31- 

 
within thirty (30) days following the effective date of the Change of Control, with the pro-ration determined as a function of the length of time within the Performance Period which
has elapsed prior to the Change of Control, and based on an assumed achievement of all relevant targeted performance goals, unless actual performance exceeds the target, in which case actual performance shall be used. 

(e) Subject to Section 15.4, any Award the payment or settlement of which was deferred under Section 20.6 or
otherwise shall be paid or distributed immediately prior to the Change of Control, except as otherwise provided by the Committee in accordance with Section 15.1(f). 

(f) In its discretion, and on such terms and conditions as it deems appropriate, the Committee may provide, either by the
terms of the Award Agreement applicable to any Award or by resolution adopted prior to the occurrence of the Change of Control, that any outstanding Award shall be adjusted by substituting for each Share subject to such Award immediately prior to
the transaction resulting in the Change of Control the consideration (whether stock or other securities of the surviving corporation or any successor corporation to the Company, or a parent or subsidiary thereof, or that may be issuable by another
corporation that is a party to the transaction resulting in the Change of Control) received in such transaction by holders of Shares for each Share held on the closing or effective date of such transaction, in which event the aggregate Option Price
or Grant Price, as applicable, of the Award shall remain the same; provided, however, that if such consideration received in such transaction is not solely stock of a successor, surviving or other corporation, the Committee may provide
for the consideration to be received upon exercise or payment of an Award, for each Share subject to such Award, to be solely stock or other securities of the successor, surviving or other corporation, as applicable, equal in fair market value, as
determined by the Committee, to the per-Share consideration received by holders of Shares in such transaction. 

(g) In its discretion, and on such terms and conditions as it deems appropriate, the Committee may provide, either by the
terms of the Award Agreement applicable to any Award or by resolution adopted prior to the occurrence of the Change of Control, that any outstanding Award (or portion thereof) shall be converted into a right to receive cash, on or as soon as
practicable following the closing date or expiration date of the transaction resulting in the Change of Control in an amount equal to the highest value of the consideration to be received in connection with such transaction for one Share, or, if
higher, the highest Fair Market Value of a Share during the thirty (30) consecutive business days immediately prior to the closing date or expiration date of such transaction, less the per-Share Option Price, Grant Price or outstanding unpaid
purchase price, as applicable to the Award, multiplied by the number of Shares subject to such Award, or the applicable portion thereof. 

(h) The Committee may, in its discretion, provide that an Award can or cannot be exercised after, or will otherwise
terminate or not terminate as of, a Change of Control. 
  

 © Copyright 2010 

-32- 

 15.2. No Implied Rights; Other Limitations. No Participant shall have any right to
prevent the consummation of any of the acts described in Section 4.3 or 15.1 affecting the number of Shares available to, or other entitlement of, such Participant under the Plan or such Participant’s Award. Any actions or determinations
of the Committee under this Article XV need not be uniform as to all outstanding Awards, nor treat all Participants identically. Notwithstanding the adjustments described in Section 15.1, in no event may any Option or SAR be exercised after ten
(10) years from the date it was originally granted, and any changes to ISOs pursuant to this Article XV shall, unless the Committee determines otherwise, only be effective to the extent such adjustments or changes do not cause a
“modification” (within the meaning of Section 424(h)(3) of the Code) of such ISOs or adversely affect the tax status of such ISOs. 

15.3. Termination, Amendment, and Modifications of Change of Control Provisions. Notwithstanding any other provision of the Plan
(but subject to the limitations of Section 15.1(g), the last sentence of Section 16.1 and Section 16.2) or any Award Agreement provision, the provisions of this Article XV may not be terminated, amended, or modified on or after the date of
a Change of Control to materially impair any Participant’s Award theretofore granted and then outstanding under the Plan without the prior written consent of such Participant. 

15.4. Compliance with Code Section 409A. Notwithstanding any other provisions of the Plan or any Award Agreement to the
contrary, if a Change of Control that is not a Qualified Change of Control occurs, and payment or distribution of an Award constituting deferred compensation subject to Code Section 409A would otherwise be made or commence on the date of such
Change of Control (pursuant to the Plan, the Award Agreement or otherwise), (a) the vesting of such Award shall accelerate in accordance with the Plan and the Award Agreement, (b) such payment or distribution shall not be made or commence
prior to the earliest date on which Code Section 409A permits such payment or distribution to be made or commence without additional taxes or penalties under Code Section 409A, and (c) in the event any such payment or distribution is
deferred in accordance with the immediately preceding clause (b), such payment or distribution that would have been made prior to the deferred payment or commencement date, but for Code Section 409A, shall be paid or distributed on such
earliest payment or commencement date, together, if determined by the Committee, with interest at the rate established by the Committee. The Committee shall not extend the period to exercise an Option or Stock Appreciation Right to the extent that
such extension would cause the Option or Stock Appreciation Right to become subject to Code Section 409A. Additionally, the Committee shall not take any action pursuant to this Article XV that would cause an Award that is otherwise exempt from
Code Section 409A to become subject to Code Section 409A, or that would cause an Award that is subject to Code Section 409A to fail to satisfy the requirements of Code Section 409A. 

ARTICLE XVI. 

AMENDMENT, MODIFICATION, AND TERMINATION 

16.1. Amendment, Modification, and Termination. The Board may, at any time and with or without prior notice, amend, alter,
suspend, or terminate the Plan, and the Committee may, to the extent permitted by the Plan, amend the terms of any Award theretofore granted, including any Award Agreement, in each case, retroactively or prospectively; provided,
however, that no such amendment, alteration, suspension, or termination of the Plan shall be made which, without first obtaining approval of the shareholders of the Company (where such 

 

 © Copyright 2010 

-33- 

 
approval is necessary to satisfy (i) the then-applicable requirements of Rule 16b-3, (ii) any requirements under the Code relating to ISOs or for exemption from Section 162(m) of
the Code, or (iii) any applicable law, regulation or rule (including the applicable regulations and rules of the SEC and any national securities exchange)), would: 

(a) except as is provided in Section 4.3, increase the maximum number of Shares which may be sold or awarded under
the Plan or increase the maximum limitations set forth in Section 4.2; 
 (b) except as is provided in
Section 4.3, decrease the minimum Option Price or Grant Price requirements of Sections 6.3 and 7.2, respectively; 

(c) change the class of persons eligible to receive Awards under the Plan; 

(d) change the Performance Measures set forth in Section 11.1; 

(e) extend the duration of the Plan or the period during which Options or SARs may be exercised under Section 6.4 or
7.6, as applicable; or 
 (f) otherwise require shareholder approval to comply with any applicable law,
regulation or rule (including the applicable regulations and rules of the SEC and any national securities exchange). 
 In addition, (A) no
such amendment, alteration, suspension or termination of the Plan or any Award theretofore granted, including any Award Agreement, shall be made which would materially impair the previously accrued rights of a Participant under any outstanding Award
without the written consent of such Participant, provided, however, that the Board may amend or alter the Plan and the Committee may amend or alter any Award, including any Agreement, either retroactively or prospectively, without the
consent of the applicable Participant, (x) so as to preserve or come within any exemptions from liability under Section 16(b) of the Exchange Act, pursuant to the rules and releases promulgated by the SEC (including Rule 16b-3), and/or so
that any Award that is intended to qualify as Performance-Based Compensation shall qualify for the performance-based compensation exception under Code Section 162(m) (or any successor provision), or (y) if the Board or the Committee
determines in its discretion that such amendment or alteration either (I) is required or advisable for the Company, the Plan or the Award to satisfy, comply with or meet the requirements of any law, regulation, rule or accounting standard or
(II) is not reasonably likely to significantly diminish the benefits provided under such Award, or that such diminishment has been or will be adequately compensated, and (B) except as is provided in Section 4.3, but notwithstanding any
other provisions of the Plan, neither the Board nor the Committee may take any action (1) to amend the terms of an outstanding Option or SAR to reduce the Option Price or Grant Price thereof, cancel an Option or SAR and replace it with a new
Option or SAR with a lower Option Price or Grant Price, or that has an economic effect that is the same as any such reduction or cancellation; or (2) to cancel an outstanding Option or SAR having an Option Price or Grant Price above the
then-current Fair Market Value of the Shares in exchange for the grant of another type of Award, without, in each such case, first obtaining approval of the shareholders of the Company of such action. 

 

 © Copyright 2010 

-34- 

 16.2. Adjustment of Awards Upon the Occurrence of Certain Unusual or Nonrecurring
Events. The Board or the Committee may make adjustments in the terms and conditions of, and the criteria included in, Awards in recognition of unusual or nonrecurring events (including the events described in Section 4.3) affecting the
Company or the financial statements of the Company or of changes in applicable laws, regulations, or accounting principles, whenever the Committee determines that such adjustments are appropriate in order to prevent unintended dilution or
enlargement of the benefits or potential benefits intended to be made available under the Plan. Any such adjustment with respect to an Award intended to be an ISO shall be made only to the extent consistent with such intent, unless the Board or the
Committee determines otherwise, and any such adjustment that is made with respect to an Award that is intended to qualify as Performance-Based Compensation shall be made consistent with the intent that such Award qualify for the performance-based
compensation exception under Code Section 162(m) (or any successor provision). Additionally, neither the Board nor the Committee shall not make any adjustment pursuant to this Article XVI that would cause an Award that is otherwise exempt from
Code Section 409A to become subject to Code Section 409A, or that would cause an Award that is subject to Code Section 409A to fail to satisfy the requirements of Code Section 409A. The determination of the Committee as to the
foregoing adjustments, if any, shall be conclusive and binding on Participants under the Plan. 
 ARTICLE XVII. 

 TAX WITHHOLDING AND OTHER TAX MATTERS 

17.1. Tax Withholding. The Company and/or any Subsidiary or Affiliate are authorized to withhold from any Award granted or payment
due under the Plan the amount of all Federal, state, local and non-United States taxes due in respect of such Award or payment and take any such other action as may be necessary or appropriate, as determined by the Committee, to satisfy all
obligations for the payment of such taxes. The recipient of any payment or distribution under the Plan shall make arrangements satisfactory to the Company, as determined in the Committee’s discretion, for the satisfaction of any tax obligations
that arise by reason of any such payment or distribution. The Company shall not be required to make any payment or distribution under or relating to the Plan or any Award until such obligations are satisfied or such arrangements are made, as
determined by the Committee in its discretion. 
 17.2. Withholding or Tendering Shares. Without limiting the generality
of Section 17.1, the Committee may in its discretion permit a Participant to satisfy or arrange to satisfy, in whole or in part, the tax obligations incident to an Award by: (a) electing to have the Company withhold Shares or other property
otherwise deliverable to such Participant pursuant to his or her Award (provided, however, that the amount of any Shares so withheld shall not exceed the amount necessary to satisfy required Federal, state, local and non-United States
withholding obligations using the minimum statutory withholding rates for Federal, state, local and/or non-U.S. tax purposes, including payroll taxes, that are applicable to supplemental taxable income) and/or (b) tendering to the Company Shares
owned by such Participant (or by such Participant and his or her spouse jointly) and purchased or held for the requisite period of time as may be required to avoid the Company’s or the Affiliates’ or Subsidiaries’ incurring an adverse
accounting charge, based, in each case, on the Fair Market Value of the Shares on the payment date as determined by the Committee. All such elections shall be irrevocable, made in writing, 

 

 © Copyright 2010 

-35- 

 
signed by the Participant, and shall be subject to any restrictions or limitations that the Committee, in its sole discretion, deems appropriate. 

17.3. Restrictions. The satisfaction of tax obligations pursuant to this Article XVII shall be subject to such restrictions as the
Committee may impose, including any restrictions required by applicable law or the rules and regulations of the SEC, and shall be construed consistent with an intent to comply with any such applicable laws, rule and regulations. 

17.4. Special ISO Obligations. The Committee may require a Participant to give prompt written notice to the Company concerning any
disposition of Shares received upon the exercise of an ISO within: (i) two (2) years from the date of granting such ISO to such Participant or (ii) one (1) year from the transfer of such Shares to such Participant or
(iii) such other period as the Committee may from time to time determine. The Committee may direct that a Participant with respect to an ISO undertake in the applicable Award Agreement to give such written notice described in the preceding
sentence, at such time and containing such information as the Committee may prescribe, and/or that the certificates evidencing Shares acquired by exercise of an ISO refer to such requirement to give such notice. 

17.5. Section 83(b) Election. If a Participant makes an election under Section 83(b) of the Code to be taxed with
respect to an Award as of the date of transfer of Shares rather than as of the date or dates upon which the Participant would otherwise be taxable under Section 83(a) of the Code, such Participant shall deliver a copy of such election to the
Company immediately after filing such election with the Internal Revenue Service. Neither the Company nor any Subsidiary or Affiliate shall have any liability or responsibility relating to or arising out of the filing or not filing of any such
election or any defects in its construction. 
 17.6. No Guarantee of Favorable Tax Treatment. Although the Company
intends to administer the Plan so that Awards will be exempt from, or will comply with, the requirements of Code Section 409A, the Company does not warrant that any Award under the Plan will qualify for favorable tax treatment under Code
Section 409A or any other provision of federal, state, local, or non-United States law. The Company shall not be liable to any Participant for any tax, interest, or penalties the Participant might owe as a result of the grant, holding, vesting,
exercise, or payment of any Award under the Plan. 
 ARTICLE XVIII.  

LIMITS OF LIABILITY; INDEMNIFICATION 

18.1. Limits of Liability. 

(a) Any liability of the Company or a Subsidiary or Affiliate to any Participant with respect to any Award shall be based
solely upon contractual obligations created by the Plan and the Award Agreement. 
 (b) None of the Company, any
Subsidiary, any Affiliate, any member of the Board or the Committee or any other person participating in any determination of any question under the Plan, or in the interpretation, administration or application of the Plan,

  

 © Copyright 2010 

-36- 

 
shall have any liability, in the absence of bad faith, to any party for any action taken or not taken in connection with the Plan, except as may expressly be provided by statute. 

(c) Each member of the Committee, while serving as such, shall be considered to be acting in his or her capacity as a
director of the Company. Members of the Board of Directors and members of the Committee acting under the Plan shall be fully protected in relying in good faith upon the advice of counsel and shall incur no liability except for gross negligence or
willful misconduct in the performance of their duties. 
 (d) The Company shall not be liable to a Participant or
any other person as to: (i) the non-issuance of Shares as to which the Company has been unable to obtain from any regulatory body having relevant jurisdiction the authority deemed by the Committee or the Company’s counsel to be necessary
to the lawful issuance and sale of any Shares hereunder, and (ii) any tax consequence expected, but not realized, by any Participant or other person due to the receipt, exercise or settlement of any Option or other Award. 

18.2. Indemnification. Subject to the requirements of Delaware law, each individual who is or shall have been a member of the
Committee or of the Board, or an officer of the Company to whom authority was delegated in accordance with Article III, shall 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 him or her in connection with or resulting from any claim, action, suit, or proceeding to which he or she may be a party or in which he or she 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 him or her in settlement thereof, with the Company’s approval, or paid by him or her in satisfaction of any judgment in any such action, suit, or proceeding against him or her,
provided he or she shall give the Company an opportunity, at its own expense, to handle and defend the same before he or she undertakes to handle and defend it on his or her own behalf, unless such loss, cost, liability, or expense is a
result of the individual’s own willful misconduct or except as provided by statute. The foregoing right of indemnification shall not be exclusive of any other rights of indemnification to which such individual may be entitled under the
Company’s Articles of Incorporation or Bylaws, as a matter of law, or otherwise, or any power that the Company may have to indemnify or hold harmless such individual. 

ARTICLE XIX.  

SUCCESSORS 

19.1. General. All obligations of the Company under the Plan with respect to Awards granted hereunder 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 of the business and/or assets of the Company. 

 

 © Copyright 2010 

-37- 

 ARTICLE XX. 

MISCELLANEOUS 

20.1. Drafting Context. Except where otherwise indicated by the context, any masculine term used herein also shall include the
feminine; the plural shall include the singular and the singular shall include the plural. The words “Article,” “Section,” and “paragraph” herein shall refer to provisions of the Plan, unless expressly indicated
otherwise. The words “include,” “includes,” and “including” herein shall be deemed to be followed by “without limitation” whether or not they are in fact followed by such words or words of similar import,
unless the context otherwise requires. 
 20.2. Forfeiture Events. 

(a) Notwithstanding any provision of the Plan to the contrary, the Committee shall have the authority to determine (and
may so provide in any Agreement) that a Participant’s (including his or her estate’s, beneficiary’s or transferee’s) rights (including the right to exercise any Option or SAR), payments and benefits with respect to any Award
shall be subject to reduction, cancellation, forfeiture or recoupment in the event of the Participant’s Termination for Cause or due to voluntary resignation; serious misconduct; violation of the Company’s or a Subsidiary’s or
Affiliate’s policies; breach of fiduciary duty; unauthorized disclosure of any trade secret or confidential information of the Company or a Subsidiary or Affiliate; breach of applicable noncompetition, nonsolicitation, confidentiality or other
restrictive covenants; or other conduct or activity that is in competition with the business of the Company or any Subsidiary or Affiliate, or otherwise detrimental to the business, reputation or interests of the Company and/or any Subsidiary or
Affiliate; or upon the occurrence of certain events specified in the applicable Award Agreement (in any such case, whether or not the Participant is then an Employee or Non-Employee Director). The determination of whether a Participant’s
conduct, activities or circumstances are described in the immediately preceding sentence shall be made by the Committee in its good faith discretion, and pending any such determination, the Committee shall have the authority to suspend the exercise,
payment, delivery or settlement of all or any portion of such Participant’s outstanding Awards pending an investigation of the matter. 

(b) If the Company is required to prepare an accounting restatement due to the material noncompliance of the Company, as a
result of misconduct, with any financial reporting requirement under the securities laws, if the Participant knowingly or grossly negligently engaged in the misconduct, or knowingly or grossly negligently failed to prevent the misconduct, or if the
Participant is one of the individuals subject to automatic forfeiture under Section 304 of the Sarbanes-Oxley Act of 2002, the Participant shall reimburse the Company the amount of any payment in settlement of an Award earned or accrued during
the twelve- (12-) month period following the first public issuance or filing with the SEC (whichever just occurred) of the financial document embodying such financial reporting requirement. 

20.3. Severability. In the event any provision of the Plan shall be held illegal or invalid for any reason, the illegality or
invalidity shall not affect the remaining parts of the Plan, 
  

 © Copyright 2010 

-38- 

 
and the Plan shall be construed and enforced as if the illegal or invalid provision had not been included. 

20.4. Transfer, Leave of Absence. For purposes of the Plan, a transfer of an Employee from the Company to an Affiliate or
Subsidiary (or, for purposes of any ISO granted under the Plan, only a Subsidiary), or vice versa, or from one Affiliate or Subsidiary to another (or in the case of an ISO, only from one Subsidiary to another), and a leave of absence, duly
authorized in writing by the Company or a Subsidiary or Affiliate, shall not be deemed a Termination of the Employee for purposes of the Plan or with respect to any Award (in the case of ISOs, to the extent permitted by the Code). The Committee
shall have the discretion to determine the effects upon any Award, upon an individual’s status as an Employee or Non-Employee Director for purposes of the Plan (including whether a Participant shall be deemed to have experienced a Termination
or other change in status) and upon the exercisability, vesting, termination or expiration of any Award in the case of: (a) any Participant who is employed by an entity that ceases to be an Affiliate or Subsidiary (whether due to a spin-off or
otherwise), (b) any transfer of a Participant between locations of employment with the Company, an Affiliate, and/or Subsidiary or between the Company, an Affiliate or Subsidiary or between Affiliates or Subsidiaries, (c) any leave of
absence of a Participant, (d) any change in a Participant’s status from an Employee to a Non-Employee Director, or vice versa; and (e) upon approval by the Committee, any Employee who experiences a Termination but becomes employed by
a partnership, joint venture, corporation or other entity not meeting the requirements of an Affiliate or Subsidiary, subject, in each case, to the requirements of Code Section 422 applicable to any ISOs and Code Section 409A applicable to
any Options and SARs. 
 20.5. Exercise and Payment of Awards. An Award shall be deemed exercised or claimed when the
Secretary of the Company or any other Company official or other person designated by the Committee for such purpose receives appropriate written notice from a Participant, in form acceptable to the Committee, together with payment of the applicable
Option Price, Grant Price or other purchase price, if any, and compliance with Article XVII, in accordance with the Plan and such Participant’s Award Agreement. 

20.6. Deferrals. To the extent provided in the Award Agreement, the Committee may permit or require a Participant to defer such
Participant’s receipt of the payment of cash or the delivery of Shares that would otherwise be due to such Participant by virtue of the lapse or waiver of the Period of Restriction or other restrictions with respect to Restricted Stock or the
payment or satisfaction of Restricted Stock Units, Performance Units, Performance Shares, or Other Stock-Based Awards. If any such deferral election is required or permitted, (a) such deferral shall represent an unfunded and unsecured
obligation of the Company and shall not confer the rights of a shareholder unless and until Shares are issued thereunder; (b) the number of Shares subject to such deferral shall, until settlement thereof, be subject to adjustment pursuant to
Section 4.3; and (c) the Committee shall establish rules and procedures for such deferrals and payment or settlement thereof, which may be in cash, Shares or any combination thereof, and such deferrals may be governed by the terms and
conditions of any deferred compensation plan of the Company or Affiliate specified by the Committee for such purpose. Notwithstanding any provisions of the Plan to the contrary, in no event shall any deferral under this Section 20.6 be
permitted if the Committee determines that such deferral would result in the imposition of additional tax under Code Section 409A. 
  

 © Copyright 2010 

-39- 

 20.7. Loans. The Company may, in the discretion of the Committee, extend one or more
loans to Participants in connection with the exercise or receipt of an Award granted to any such Participant; provided, however, that the Company shall not extend loans to any Participant if prohibited by law or the rules of any stock
exchange or quotation system on which the Company’s securities are listed. The terms and conditions of any such loan shall be established by the Committee. 

20.8. No Effect on Other Plans. Neither the adoption of the Plan nor anything contained herein shall affect any other compensation
or incentive plans or arrangements of the Company or any Subsidiary or Affiliate, or prevent or limit the right of the Company or any Subsidiary or Affiliate to establish any other forms of incentives or compensation for their directors, officers or
eligible employees or grant or assume options or other rights otherwise than under the Plan. 
 20.9. Section 16 of
Exchange Act and Code Section 162(m). Unless otherwise stated in the Award Agreement, notwithstanding any other provision of the Plan, any Award granted to an Insider shall be subject to any additional limitations set forth in any
applicable exemptive rule under Section 16 of the Exchange Act (including Rule 16b-3) that are requirements for the application of such exemptive rule, and the Plan and the Award Agreement shall be deemed amended to the extent necessary to
conform to such limitations. Furthermore, notwithstanding any other provision of the Plan or an Award Agreement, any Award to a Covered Employee that is intended to qualify as Performance-Based Compensation shall be subject to any applicable
limitations set forth in Code Section 162(m) or any regulations or rulings issued thereunder (including any amendment to the foregoing) that are requirements for qualification as “other performance-based compensation” as described in
Code Section 162(m)(4)(C), and the Plan and the Award Agreement shall be deemed amended to the extent necessary to conform to such requirements and no action of the Committee that would cause such Award not to so qualify shall be effective.

 20.10. Requirements of Law; Limitations on Awards. 

(a) The granting of Awards and the issuance of Shares under the Plan shall be subject to all applicable laws, rules, and
regulations, and to such approvals by any governmental agencies or national securities exchanges as may be required. 

(b) If at any time the Committee shall determine, in its discretion, that the listing, registration and/or qualification
of Shares upon any securities exchange or under any state, Federal or non-United States law, or the consent or approval of any governmental regulatory body, is necessary or desirable as a condition of, or in connection with, the sale or purchase of
Shares hereunder, the Company shall have no obligation to allow the grant, exercise or payment of any Award, or to issue or deliver evidence of title for Shares issued under the Plan, in whole or in part, unless and until such listing, registration,
qualification, consent and/or approval shall have been effected or obtained, or otherwise provided for, free of any conditions not acceptable to the Committee. 
  

 © Copyright 2010 

-40- 

 (c) If at any time counsel to the Company shall be of the opinion that any
sale or delivery of Shares pursuant to an Award is or may be in the circumstances unlawful or result in the imposition of excise taxes on the Company or any Subsidiary or Affiliate under the statutes, rules or regulations of any applicable
jurisdiction, the Company shall have no obligation to make such sale or delivery, or to make any application or to effect or to maintain any qualification or registration under the Securities Act, or otherwise with respect to Shares or Awards and
the right to exercise or payment of any Option or Award shall be suspended until, in the opinion of such counsel, such sale or delivery shall be lawful or will not result in the imposition of excise taxes on the Company or any Subsidiary or
Affiliate. 
 (d) Upon termination of any period of suspension under this Section 20.10, any Award affected
by such suspension which shall not then have expired or terminated shall be reinstated as to all Shares available before such suspension and as to the Shares which would otherwise have become available during the period of such suspension, but no
suspension shall extend the term of any Award. 
 (e) The Committee may require each person receiving Shares in
connection with any Award under the Plan to represent and agree with the Company in writing that such person is acquiring such Shares for investment without a view to the distribution thereof, and/or provide such other representations and agreements
as the Committee may prescribe. The Committee, in its absolute discretion, may impose such restrictions on the ownership and transferability of the Shares purchasable or otherwise receivable by any person under any Award as it deems appropriate. Any
such restrictions shall be set forth in the applicable Award Agreement, and the certificates evidencing such shares may include any legend that the Committee deems appropriate to reflect any such restrictions. 

(f) An Award and any Shares received upon the exercise or payment of an Award shall be subject to such other transfer
and/or ownership restrictions and/or legending requirements as the Committee may establish in its discretion and may be referred to on the certificates evidencing such Shares, including restrictions under applicable Federal securities laws, under
the requirements of any stock exchange or market upon which such Shares are then listed and/or traded, and under any blue sky or state securities laws applicable to such Shares. 

20.11. Participants Deemed to Accept Plan. By accepting any benefit under the Plan, each Participant and each person claiming
under or through any such Participant shall be conclusively deemed to have indicated their acceptance and ratification of, and consent to, all of the terms and conditions of the Plan and any action taken under the Plan by the Board, the Committee or
the Company, in any case in accordance with the terms and conditions of the Plan. 
 20.12. Governing Law. The Plan and
all Award Agreements and other agreements hereunder shall be construed in accordance with and governed by the laws of the state of Delaware, without giving effect to the choice of law principles thereof, except to the extent superseded by applicable
United States federal law. Unless otherwise provided in the Agreement, Participants are deemed to submit to the exclusive jurisdiction and venue of the 

 

 © Copyright 2010 

-41- 

 
federal or state courts of Delaware, to resolve any and all issues that may arise out of or relate to the Plan or any related Award Agreement. 

20.13. Plan Unfunded. The Plan shall be unfunded. The Company shall not be required to establish any special or separate fund or
to make any other segregation of assets to assure the issuance of Shares or the payment of cash upon exercise or payment of any Award. Proceeds from the sale of Shares pursuant to Options or other Awards granted under the Plan shall constitute
general funds of the Company. 
 20.14. Administration Costs. The Company shall bear all costs and expenses incurred in
administering the Plan, including expenses of issuing Shares pursuant to any Options or other Awards granted hereunder. 

20.15. Uncertificated Shares. To the extent that the Plan provides for issuance of certificates to reflect the transfer of Shares,
the transfer of such Shares may nevertheless be effected on a noncertificated basis, to the extent not prohibited by applicable law or the rules of any stock exchange. 

20.16. No Fractional Shares. An Option or other Award shall not be exercisable with respect to a fractional Share or the lesser of
fifty (50) shares or the full number of Shares then subject to the Option or other Award. No fractional Shares shall be issued upon the exercise or payment of an Option or other Award. 

20.17. Deferred Compensation. If any Award would be considered deferred compensation as defined under Code Section 409A and
would fail to meet the requirements of Code Section 409A, then such Award shall be null and void; provided, however, that the Committee may permit deferrals of compensation pursuant to the terms of a Participant’s Award
Agreement, a separate plan, or a subplan which (in each case) meets the requirements of Code Section 409A. Additionally, to the extent any Award is subject to Code Section 409A, notwithstanding any provision herein to the contrary, the
Plan does not permit the acceleration of the time or schedule of any distribution related to such Award, except as permitted by Code Section 409A. 

20.18. Employees Based Outside of the United States. Notwithstanding any provision of the Plan to the contrary, in order to comply
with the laws or practices of countries other than the United States in which the Company, any Affiliate, and/or any Subsidiary operates or has Employees or Non-Employee Directors, the Committee, in its sole discretion, shall have the power and
authority to: 
  

	 	(a)	Determine which Affiliates and Subsidiaries shall be covered by the Plan; 

  

	 	(b)	Determine which Employees and/or Non-Employee Directors outside the United States are eligible to participate in the Plan; 

 

	 	(c)	 Grant Awards (including substitutes for Awards), and modify the terms and conditions of any Awards, on such terms and conditions as the Committee
determines necessary or appropriate to permit participation in the Plan by individuals otherwise 

  

 © Copyright 2010 

-42- 

	 	
eligible to so participate who are non-United States nationals or employed outside the United States, or otherwise to comply with applicable non-United States laws or conform to applicable
requirements or practices of jurisdictions outside the United States; 

  

	 	(d)	Establish subplans and adopt or modify exercise procedures and other terms and procedures, to the extent such actions may be necessary or advisable. Any subplans and
modifications to Plan terms and procedures established under this Section 20.18 by the Committee shall be attached to the Plan as appendices; and 

  

	 	(e)	Take any action, before or after an Award is made, that the Committee, in its discretion, deems advisable to obtain approval or comply with any necessary local
government regulatory exemptions or approvals. 

 Notwithstanding the above, the Committee may not take any actions hereunder, and
no Awards shall be granted, that would violate any applicable law. 

*                    *  
                  * 
  

 © Copyright 2010 

-43-

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00174-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00174-of-00352.parquet"}]]