Document:

Prepared by R.R. Donnelley Financial -- Three Year Employment Agreement w/ Frederic McGill

 Exhibit 10.6.8 
  
 Quaker City
Bank Three Year Employment Agreement Renewal and Extension Acknowledgment between Quaker City Bank and Frederic R. McGill dated July 1, 2002. 
  
 QUAKER CITY BANK 
 THREE YEAR EMPLOYMENT AGREEMENT 
 RENEWAL AND
EXTENSION ACKNOWLEDGMENT 
  
 Name of Executive:    Frederic R. (Rick) McGill 
  
 The undersigned executive does hereby acknowledge that, at their regularly scheduled meeting on June 25, 2002, the Board of Directors of Quaker City Bank acted to renew
and extend the Quaker City Bank Three Year Employment Agreement with the undersigned executive to a full thirty-six (36) month term, until June 30, 2005. 
  
 Dated this             1st             day of
            July            , A.D.,
            2002            . 
  
 
	  	 	  	 	 QUAKER CITY BANK
 
	 
	  	 	 /s/    FREDERIC R. MCGILL
        
 
	 	  	 	 By:
 	 	 /s/    JEROME L. THOMAS         
 

	  	 	 Executive
 	 	  	 	  	 	 Chairman of the BoardPrepared by R.R. Donnelley Financial -- Change in Control Agreement w/ Dwight L. Wilson

 Exhibit 10.7.8 
  
 Quaker City
Bank Change in Control Agreement Renewal and Extension Acknowledgment between Quaker City Bank and Dwight L. Wilson dated July 1, 2002. 
  
 QUAKER CITY BANK 
 CHANGE IN CONTROL AGREEMENT 
 RENEWAL AND
EXTENSION ACKNOWLEDGMENT 
  
 Name of Participant:    Dwight L. Wilson 
  

The undersigned participant does hereby acknowledge that, at their regularly scheduled meeting on June 25, 2002, the Board of Directors of Quaker City Bank acted to renew and extend the Quaker City
Bank Change in Control Agreement with the undersigned participant to a full twenty-four (24) month term, until June 30, 2004. 
  
 Dated this
            1st             day of
            July            , A.D.,
            2002            . 
  
 
	  	 	  	 	 QUAKER CITY BANK
 
	 
	  	 	 /s/    DWIGHT L. WILSON        
 
	 	  	 	 By:
 	 	 /s/    FREDERIC R. MCGILL
        
 

	  	 	 Participant
 	 	  	 	  	 	 PresidentPrepared by R.R. Donnelley Financial -- Change in Control Agreement w/ Harold Rams

 Exhibit 10.8.8 
  
 Quaker City
Bank Change in Control Agreement Renewal and Extension Acknowledgment between Quaker City Bank and Harold Rams dated July 1, 2002. 
  
 QUAKER CITY BANK 
 CHANGE IN CONTROL AGREEMENT 
 RENEWAL AND
EXTENSION ACKNOWLEDGMENT 
  
 Name of Participant:    Harold Rams 
  

The undersigned participant does hereby acknowledge that, at their regularly scheduled meeting on June 25, 2002, the Board of Directors of Quaker City Bank acted to renew and extend the Quaker City
Bank Change in Control Agreement with the undersigned participant to a full twenty-four (24) month term, until June 30, 2004. 
  
 Dated this
            1st             day of
            July            , A.D.,
            2002            . 
  
 
	  	 	  	 	 QUAKER CITY BANK
 
	 
	  	 	 /s/    HAROLD RAMS        
 
	 	  	 	 By:
 	 	 /s/    FREDERIC R.
MCGILL        
 

	  	 	 Participant
 	 	  	 	  	 	 PresidentPrepared by R.R. Donnelley Financial -- Change in Control Agreement w/ Kathryn Hennigan

 Exhibit 10.9.8 
  
 Quaker City
Bank Change in Control Agreement Renewal and Extension Acknowledgment between Quaker City Bank and Kathryn M. Hennigan dated July 1, 2002. 
  
 QUAKER CITY BANK 
 CHANGE IN CONTROL AGREEMENT 
 RENEWAL AND
EXTENSION ACKNOWLEDGMENT 
  
 Name of Participant:    Kathryn M. Hennigan 
  

The undersigned participant does hereby acknowledge that, at their regularly scheduled meeting on June 25, 2002, the Board of Directors of Quaker City Bank acted to renew and extend the Quaker City
Bank Change in Control Agreement with the undersigned participant to a full twenty-four (24) month term, until June 30, 2004. 
  
 Dated this
            1st             day of
            July            , A.D.,
            2002            . 
  
 
	  	 	  	 	 QUAKER CITY BANK
 
	 
	  	 	 /s/    KATHRYN M. HENNIGAN        

	 	  	 	 By:
 	 	 /s/    FREDERIC R. MCGILL
        
 

	  	 	 Participant
 	 	  	 	  	 	 PresidentPrepared by R.R. Donnelley Financial -- Change in Control Agreement w/ Karen Tannheimer

 Exhibit 10.10.8 
  
 Quaker City
Bank Change in Control Agreement Renewal and Extension Acknowledgment between Quaker City Bank and Karen A. Tannheimer dated July 1, 2002. 
  
 QUAKER CITY BANK 
 CHANGE IN CONTROL AGREEMENT 
 RENEWAL AND
EXTENSION ACKNOWLEDGMENT 
  
 Name of Participant:    Karen A. Tannheimer 
  

The undersigned participant does hereby acknowledge that, at their regularly scheduled meeting on June 25, 2002, the Board of Directors of Quaker City Bank acted to renew and extend the Quaker City
Bank Change in Control Agreement with the undersigned participant to a full twenty-four (24) month term, until June 30, 2004. 
  
 Dated this
            1st             day of
            July            , A.D.,
            2002            . 
  
 
	  	 	  	 	 QUAKER CITY BANK
 
	 
	  	 	 /s/    KAREN A. TANNHEIMER        

	 	  	 	 By:
 	 	 /s/    FREDERIC R. MCGILL
        
 

	  	 	 Participant
 	 	  	 	  	 	 PresidentPrepared by R.R. Donnelley Financial -- Change in Control Agreement w/ Robert C. Teeling

 Exhibit 10.11.8 
  
 Quaker City
Bank Change in Control Agreement Renewal and Extension Acknowledgment between Quaker City Bank and Robert C. Teeling dated July 1, 2002. 
  
 QUAKER CITY BANK 
 CHANGE IN CONTROL AGREEMENT 
 RENEWAL AND
EXTENSION ACKNOWLEDGMENT 
  
 Name of Participant:    Robert C. Teeling 
  

The undersigned participant does hereby acknowledge that, at their regularly scheduled meeting on June 25, 2002, the Board of Directors of Quaker City Bank acted to renew and extend the Quaker City
Bank Change in Control Agreement with the undersigned participant to a full twenty-four (24) month term, until June 30, 2004. 
  
 Dated this
            1st             day of
            July            , A.D.,
            2002            . 
  
 
	  	 	  	 	 QUAKER CITY BANK
 
	 
	  	 	 /s/    ROBERT C. TEELING        
 
	 	  	 	 By:
 	 	 /s/    FREDERIC R.
MCGILL        
 

	  	 	 Participant
 	 	  	 	  	 	 PresidentPrepared by R.R. Donnelley Financial -- Amended & Restated 1997 Stock Incentive Plan

  
 Exhibit 10.14 
  
 QUAKER CITY BANCORP, INC. 
  
 AMENDED AND RESTATED 
 1997 STOCK INCENTIVE PLAN 
 (as amended and restated through September 19, 2002) 

 TABLE OF CONTENTS 
  
 
	 ARTICLE I    PURPOSE OF PLAN
 	  	 1
 
	 
	 ARTICLE II    EFFECTIVE DATE AND TERM OF PLAN
 	  	 1
 
	 
	 2.1    Term of Plan
 	  	 1
 
	 
	 2.2    Effect on Awards
 	  	 1
 
	 
	 2.3    Stockholder Approval
 	  	 1
 
	 
	 ARTICLE III    SHARES SUBJECT TO PLAN
 	  	 1
 
	 
	 3.1    Number of Shares
 	  	 1
 
	 
	 3.2    Source of Shares
 	  	 1
 
	 
	 3.3    Availability of Unused Shares
 	  	 1
 
	 
	 3.4    Adjustment Provisions
 	  	 2
 
	 
	 3.5    Reservation of Shares
 	  	 2
 
	 
	 ARTICLE IV    ADMINISTRATION OF PLAN
 	  	 2
 
	 
	 4.1    Administering Body
 	  	 2
 
	 
	 4.2    Authority of Administering Body
 	  	 3
 
	 
	 4.3    No Liability
 	  	 4
 
	 
	 4.4    Amendments
 	  	 4
 
	 
	 4.5    Other Compensation Plans
 	  	 5
 
	 
	 4.6    Plan Binding on Successors
 	  	 5
 
	 
	 4.7    References to Successor Statutes, Regulations and Rules
 	  	 5
 
	 
	 4.8    Issuances for Compensation Purposes Only
 	  	 5
 
	 
	 4.9    Invalid Provisions
 	  	 5
 
	 
	 4.10    Governing Law
 	  	 5
 
	 
	 ARTICLE V    GENERAL AWARD PROVISIONS
 	  	 6
 

 

 
	 5.1    Participation in the Plan
 	  	 6
 
	 
	 5.2    Award Documents
 	  	 6
 
	 
	 5.3    Exercise of Stock Options
 	  	 6
 
	 
	 5.4    Payment For Awards
 	  	 7
 
	 
	 5.5    No Employment Rights
 	  	 7
 
	 
	 5.6    Restrictions Under Applicable Laws and Regulations
 	  	 8
 
	 
	 5.7    Additional Conditions
 	  	 8
 
	 
	 5.8    No Privileges of Stock Ownership
 	  	 9
 
	 
	 5.9    Nonassignability
 	  	 9
 
	 
	 5.10    Information to Recipients
 	  	 9
 
	 
	 5.11    Withholding Taxes
 	  	 10
 
	 
	 5.12    Legends on Awards and Stock Certificates
 	  	 10
 
	 
	 5.13    Effect of Termination of Employment on Incentive Awards
 	  	 10
 
	 
	 (a)    Termination for Just Cause
 	  	 10
 
	 
	 (b)    Termination Other Than for Just Cause
 	  	 10
 
	 
	 (c)    Alteration of Vesting and Exercise Periods
 	  	 10
 
	 
	 (d)    Leave of Absence
 	  	 11
 
	 
	 5.14    Limits on Awards to Certain Eligible Persons
 	  	 11
 
	 
	 ARTICLE VI    INCENTIVE AWARDS
 	  	 11
 
	 
	 6.1    Stock Options
 	  	 11
 
	 
	 (a)    Nature of Stock Options
 	  	 11
 
	 
	 (b)    Option Exercise Price
 	  	 11
 
	 
	 (c)    Option Period and Vesting
 	  	 11
 
	 
	 (d)    Special Provisions Regarding Incentive Stock Options
 	  	 12
 
	 
	 6.2    Stock Appreciation Rights
 	  	 13
 

 
 

 ii 

 
	 (a)    Granting of Stock Appreciation Rights
 	  	 13
 
	 
	 (b)    Stock Appreciation Rights Related to Options
 	  	 13
 
	 
	 (c)    Stock Appreciation Rights Unrelated to Options
 	  	 13
 
	 
	 (d)    Limits
 	  	 13
 
	 
	 (e)    Payments
 	  	 13
 
	 
	 (f)    Rule 16b-3
 	  	 14
 
	 
	 6.3    Stock Payments
 	  	 14
 
	 
	 6.4    Dividend Equivalents
 	  	 14
 
	 
	 6.5    Stock Bonuses
 	  	 14
 
	 
	 6.6    Stock Sales
 	  	 14
 
	 
	 6.7    Phantom Stock
 	  	 14
 
	 
	 6.8    Other Stock-Based Benefits
 	  	 14
 
	 
	 ARTICLE VII    REORGANIZATIONS
 	  	 15
 
	 
	 7.1    Corporate Transactions Not Involving a Change in Control
 	  	 15
 
	 
	 7.2    Corporate Transactions Involving a Change in Control
 	  	 15
 
	 
	 ARTICLE VIII    DEFINITIONS
 	  	 15
 

 
 

 iii 

 QUAKER CITY BANCORP, INC. AMENDED AND RESTATED 
 1997
STOCK INCENTIVE PLAN 
 (as amended and restated through September 19, 2002) 
  
 ARTICLE I 
 PURPOSE OF PLAN 
  
 The Company has adopted this Plan to promote the interests of the Company and its stockholders by using investment interests in the Company to attract, retain and motivate its management and other persons, to
encourage and reward their contributions to the performance of the Company, and to align their interests with the interests of the Company’s stockholders. Capitalized terms not otherwise defined herein shall have the meanings ascribed to them
in Article VIII. 
  
 ARTICLE II 
 EFFECTIVE DATE AND TERM OF PLAN 
  
 2.1    Term of
Plan.    This Plan became effective as of the Effective Date and shall continue in effect until the Expiration Date, at which time this Plan shall automatically terminate. 
  

2.2    Effect on Awards.    Awards may be granted during the Plan Term, but no Awards may be granted after the Plan Term.
Notwithstanding the foregoing, each Award properly granted under this Plan during the Plan Term shall remain in effect after termination of this Plan until such Award has been exercised, terminated, or expired in accordance with its terms and the
terms of this Plan. 
  
 2.3    Stockholder Approval.    This Plan
shall be approved by the Company’s stockholders within 12 months after the Effective Date. The effectiveness of any Awards granted prior to such stockholder approval shall be subject to such stockholder approval. 
  
 ARTICLE III 
 SHARES SUBJECT TO PLAN 
  
 3.1    Number of Shares.    The maximum number of shares of Common Stock that may be issued
pursuant to Awards granted under this Plan shall be 700,582 (adjusted to reflect the stock dividend paid on June 28, 2002), subject to adjustment as set forth in Section 3.4. 
  
 3.2    Source of Shares.    The Common Stock to be issued under this Plan will be made available, at the discretion of the
Board, either from authorized but unissued shares of Common Stock or from previously issued shares of Common Stock reacquired by the Company, including without limitation shares purchased on the open market. 
  
 3.3    Availability of Unused Shares.    Shares of Common Stock subject to unexercised
portions of any Award granted under this Plan that expire, terminate or are canceled, and shares of Common Stock issued pursuant to an Award under this Plan that are reacquired by the 

 Company pursuant to the terms of the Award under which such shares were issued, will again become available for the grant of further Awards under this
Plan. 
  
 3.4    Adjustment Provisions. 
  
 (a)  If (i) the outstanding shares of Common Stock of the Company are increased, decreased or exchanged for a different number or kind of shares or other securities, or if
additional shares or new or different shares or other securities are distributed in respect of such shares of Common Stock (or any stock or securities received with respect to such Common Stock), through merger, consolidation, sale or exchange of
all or substantially all of the properties of the Company, reorganization, recapitalization, reclassification, stock dividend, stock split, reverse stock split, spin-off or other distribution with respect to such shares of Common Stock (or any stock
or securities received with respect to such Common Stock), or (ii) the value of the outstanding shares of Common Stock of the Company is reduced by reason of an extraordinary cash dividend, an appropriate and proportionate adjustment may be made in
(1) the maximum number and kind of shares subject to this Plan as provided in Section 3.1, (2) the number and kind of shares or other securities subject to then outstanding Awards, and/or (3) the price for each share or other unit of any
other securities subject to then outstanding Awards. 
  
 (b)  No fractional interests will be issued under this Plan
resulting from any adjustments. 
  
 (c)  To the extent any adjustments relate to stock or securities of the Company,
such adjustments shall be made by the Administering Body, whose determination in that respect shall be final, binding and conclusive. 
  
 (d)  The grant of an Award pursuant to this Plan shall not affect in any way the right or power of the Company to make adjustments, reclassifications, reorganizations or changes of its capital or business structure or to
merge or to consolidate or to dissolve, liquidate or sell, or transfer all or any part of its business or assets. 
  
 (e)  No adjustment to the terms of an Incentive Stock Option shall be made unless such adjustment either (i) would not cause such Option to lose its status as an Incentive Stock Option or (ii) is agreed to in writing by the
Administering Body and the Recipient. 
  
 3.5    Reservation of
Shares.    The Company will at all times reserve and keep available such number of shares of Common Stock as shall equal at least the number of shares of Common Stock subject to then outstanding Awards issuable in shares of
Common Stock under this Plan. 
  
 ARTICLE IV 
 ADMINISTRATION OF PLAN 
  
 4.1    Administering Body. 

 
 (a)  Subject to the provisions of Section 4.1(b)(ii), this Plan shall be administered by the Board or by the
Compensation Committee of the Board appointed pursuant to Section 4.1(b). 
 

 2 

  
 (b)  (i)  The Board in its sole discretion may from time to time
appoint a Compensation Committee of not less than two Board members to administer this Plan and, subject to applicable law, to exercise all of the powers, authority and discretion of the Board under this Plan. The Board may from time to time
increase or decrease (but not below two) the number of members of the Compensation Committee, remove from membership on the Compensation Committee all or any portion of its members, and/or appoint such person or persons as it desires to fill any
vacancy existing on the Compensation Committee, whether caused by removal, resignation or otherwise. The Board may disband the Compensation Committee at any time and revest in the Board the administration of this Plan. 
  
 (ii)  Notwithstanding the foregoing provisions of this Section 4.1(b) to the contrary, as long as the Company is an Exchange Act
Registered Company, (1) the Board shall appoint the Compensation Committee, (2) this Plan shall be administered by the Compensation Committee, and (3) each member of the Compensation Committee shall be a Nonemployee Director, and, in addition, if
Awards are to be made to persons subject to Section 162(m) of the IRC and such Awards are intended to constitute Performance-Based Compensation, then each member of the Compensation Committee shall, in addition to being a Nonemployee Director, be an
Outside Director. 
  
 (iii)  The Compensation Committee shall report to the Board the names of Eligible Persons
granted Awards, the number of shares of Common Stock covered by each Award, and the terms and conditions of each such Award. 
  
 4.2    Authority of Administering Body. 
  
 (a)  Subject to the express
provisions of this Plan, the Administering Body shall have the power to interpret and construe this Plan and any Award Documents or other documents defining the rights and obligations of the Company and Recipients hereunder and thereunder, to
determine all questions arising hereunder and thereunder, to adopt and amend such rules and regulations for the administration hereof and thereof as it may deem desirable, and otherwise to carry out the terms of this Plan and such Award Documents
and other documents. The interpretation and construction by the Administering Body of any provisions of this Plan or of any Award shall be conclusive and binding. Any action taken by, or inaction of, the Administering Body relating to this Plan or
any Awards shall be within the absolute discretion of the Administering Body and shall be conclusive and binding upon all persons. Subject only to compliance with the express provisions hereof, the Administering Body may act in its absolute
discretion in matters related to this Plan and any and all Awards. 
  
 (b)  Subject to the express provisions of this
Plan, the Administering Body may from time to time in its discretion select the Eligible Persons to whom, and the time or times at which, Incentive Awards shall be granted or sold, the nature of each Incentive Award, the number of shares of Common
Stock or the number of rights that make up or underlie each Incentive Award, the period for the exercise of each Incentive Award, and such other terms and conditions applicable to each individual Incentive Award as the Administering Body shall
determine. The Administering Body may grant at any time new Incentive Awards to an Eligible Person who has previously received Incentive Awards or other grants (including other stock options) whether such prior Incentive Awards or such other grants
are still outstanding, have previously been 
 

 3 

 exercised as a whole or in part, or are canceled in connection with the issuance of new Incentive Awards. The Administering Body may grant Incentive
Awards singly, in combination or in tandem with other Incentive Awards, as it determines in its discretion. The purchase price, exercise price, initial value and any and all other terms and conditions of the Incentive Awards may be established by
the Administering Body without regard to existing Incentive Awards or other grants. 
  
 (c)  Any action of the
Administering Body with respect to the administration of this Plan shall be taken pursuant to a majority vote of the authorized number of members of the Administering Body or by the unanimous written consent of its members; provided, however,
that (i) if the Administering Body is the Compensation Committee and consists of two members, then actions of the Administering Body must be unanimous, and (ii) if the Administering Body is the Board, actions taken at a meeting of the Board shall be
valid if approved by directors constituting a majority of the required quorum for such meeting. 
  
 4.3    No Liability.    No member of the Board or the Compensation Committee or any designee thereof will be liable for any action or inaction with respect to this Plan or any
Award or any transaction arising under this Plan or any Award, except in circumstances constituting bad faith of such member. 
  
 4.4    Amendments. 
  
 (a)  The Administering Body may, insofar as
permitted by applicable law, rule or regulation, from time to time suspend or discontinue this Plan or revise or amend it in any respect whatsoever, and this Plan as so revised or amended will govern all Awards hereunder, including those granted
before such revision or amendment; provided, however, that no such revision or amendment shall alter, impair or diminish any rights or obligations under any Award previously granted under this Plan, without the written consent of the
Recipient to whom such Award was granted. Without limiting the generality of the foregoing, the Administering Body is authorized to amend this Plan to comply with or take advantage of amendments to applicable laws, rules or regulations, including
amendments to the Securities Act, Exchange Act or the IRC or any rules or regulations promulgated thereunder. No stockholder approval of any amendment or revision shall be required unless (i) such approval is required by applicable law, rule or
regulation or (ii) an amendment or revision to this Plan would materially increase the number of shares subject to this Plan (as adjusted under Section 3.4), materially modify the requirements as to eligibility for participation in this Plan,
extend the final date upon which Awards may be granted under this Plan, or otherwise materially increase the benefits accruing to Recipients in a manner not specifically contemplated herein, or affect this Plan’s compliance with Rule 16b-3 or
applicable provisions of or regulations under the IRC, and stockholder approval of the amendment or revision is required to comply with Rule 16b-3 or applicable provisions of or rules under the IRC. 
  
 (b)  The Administering Body may, with the written consent of a Recipient, make such modifications in the terms and conditions of an
Incentive Award as it deems advisable. Without limiting the generality of the foregoing, the Administering Body may, in its discretion with the written consent of the Recipient, at any time and from time to time after the grant of any Incentive
Award accelerate or extend the vesting or exercise period of any Incentive Award as a 
 

 4 

 whole or in part, and adjust or reduce the purchase or exercise price of Incentive Awards held by such Recipient by cancellation of such Incentive Awards
and granting of Incentive Awards at lower purchase or exercise prices or by modification, extension or renewal of such Incentive Awards. In the case of Incentive Stock Options, Recipients acknowledge that extensions of the exercise period may result
in the loss of the favorable tax treatment afforded incentive stock options under Section 422 of the IRC. 
  
 (c)  Except as otherwise provided in this Plan or in the applicable Award Document, no amendment, revision, suspension or termination of this Plan will, without the written consent of the Recipient, alter, terminate, impair
or adversely affect any right or obligation under any Award previously granted under this Plan. 
  
 4.5    Other Compensation Plans.    The adoption of this Plan shall not affect any other stock option, restricted stock, incentive or other compensation plans in effect for the
Company, and this Plan shall not preclude the Company from establishing any other forms of incentive or other compensation for employees, directors, advisors or consultants of the Company, whether or not approved by stockholders. 

 
 4.6    Plan Binding on Successors.    This Plan shall be binding upon the
successors and assigns of the Company. 
  
 4.7    References to Successor Statutes, Regulations
and Rules.    Any reference in this Plan to a particular statute, regulation or rule shall also refer to any successor provision of such statute, regulation or rule. 
  
 4.8    Issuances for Compensation Purposes Only.    This Plan constitutes an “employee benefit plan” as defined in
Rule 405 promulgated under the Securities Act. Awards to eligible employees or directors shall be made for any lawful consideration, including compensation for services rendered, promissory notes or otherwise. Awards to consultants and advisors
shall be made only in exchange for bona fide services rendered by such consultants or advisors and such services must not be in connection with the offer and sale of securities in a capital-raising transaction. 
  
 4.9    Invalid Provisions.    In the event that any provision of this Plan is found to be
invalid or otherwise unenforceable under any applicable law, such invalidity or unenforceability shall not be construed as rendering any other provisions contained herein invalid or unenforceable, and all such other provisions shall be given full
force and effect to the same extent as though the invalid and unenforceable provision were not contained herein. 
  
 4.10    Governing Law.    This Agreement shall be governed by and interpreted in accordance with the internal laws of the State of California, without giving effect to the
principles of the conflicts of laws thereof. 
 

 5 

  
 ARTICLE V 
 GENERAL AWARD PROVISIONS 
  
 5.1    Participation in the Plan. 

 
 (a)  A person shall be eligible to receive grants of Incentive Awards under this Plan if, at the time of the grant of the
Incentive Award, such person is an Eligible Person. 
  
 (b)  Incentive Stock Options may be granted only to Eligible
Persons meeting the employment requirements of Section 422 of the IRC. 
  
 (c)  Notwithstanding anything to the
contrary herein, the Administering Body may, in order to fulfill the purposes of this Plan, modify grants of Incentive Awards to Recipients who are foreign nationals or employed outside of the United States to recognize differences in applicable
law, tax policy or local custom. 
  
 5.2    Award Documents. 
  
 (a)  Each Award granted under this Plan shall be evidenced by an agreement duly executed on behalf of the Company and by the Recipient or,
in the Compensation Committee’s discretion, a confirming memorandum issued by the Company to the Recipient, setting forth such terms and conditions applicable to the Award as the Compensation Committee may in its discretion determine. Award
Documents may but need not be identical and shall comply with and be subject to the terms and conditions of this Plan, a copy of which shall be provided to each Recipient and incorporated by reference into each Award Document. Any Award Document may
contain such other terms, provisions and conditions not inconsistent with this Plan as may be determined by the Compensation Committee. 
  
 (b)  In case of any conflict between this Plan and any Award Document, this Plan shall control. 
  
 5.3    Exercise of Stock Options.    No Stock Option shall be exercisable except in respect of whole shares, and fractional share interests shall be disregarded. Not less
than 100 shares of Common Stock (or such other amount as is set forth in the applicable Award Documents) may be purchased at one time and Stock Options must be exercised in multiples of 100 unless the number purchased is the total number at the time
available for purchase under the terms of the Stock Option. A Stock Option shall be deemed to be exercised when the Secretary or other designated official of the Company receives written notice of such exercise from the Recipient, together with
payment of the exercise price made in accordance with Section 5.4 and any amounts required under Section 5.11. Notwithstanding any other provision of this Plan, the Administering Body may impose, by rule and/or in Award Documents, such
conditions upon the exercise of Stock Options (including without limitation conditions limiting the time of exercise to specified periods) as may be required to satisfy applicable regulatory requirements, including without limitation Rule 16b-3 and
Rule 10b-5 under the Exchange Act, and any amounts required under Section 5.12 or other applicable section of or regulation under the IRC. 
 

 6 

  
 5.4    Payment For Awards. 
  
 (a)  The exercise price or other payment for an Award shall be payable upon the exercise of a Stock Option or upon other purchase of
shares pursuant to an Award granted hereunder by delivery of legal tender of the United States or payment of such other consideration as the Administering Body may from time to time deem acceptable in any particular instance. 

 
 (b)  The Company may assist any person to whom an Award is granted hereunder (including without limitation any officer or
director of the Company) in the payment of the purchase price or other amounts payable in connection with the receipt or exercise of that Award, by lending such amounts to such person on such terms and at such rates of interest and upon such
security (if any) as shall be approved by the Administering Body. 
  
 (c)  In the discretion of the Administering
Body, Awards may be exercised by capital stock of the Company delivered in transfer to the Company by or on behalf of the person exercising the Award and duly endorsed in blank or accompanied by stock powers duly endorsed in blank, with signatures
guaranteed in accordance with the Exchange Act if required by the Administering Body, or retained by the Company from the stock otherwise issuable upon exercise or surrender of vested and/or exercisable Awards or other equity incentive awards
previously granted to the Recipient and being exercised (if applicable) (in either case valued at Fair Market Value as of the exercise date); or such other consideration as the Administering Body may from time to time in the exercise of its
discretion deem acceptable in any particular instance; provided, however, that the Administering Body may, in the exercise of its discretion, (i) allow exercise of an Award in a broker-assisted or similar transaction in which the exercise
price is not received by the Company until promptly after exercise, and/or (ii) allow the Company to loan the exercise price to the person entitled to exercise the Award, if the exercise will be followed by a prompt sale of some or all of the
underlying shares and a portion of the sale proceeds is dedicated to full payment of the exercise price and amounts required pursuant to Section 5.11. 
  
 5.5    No Employment Rights.    Nothing contained in this Plan (or in Award Documents or in any other documents related to this Plan or to Awards granted
hereunder) shall confer upon any Eligible Person or Recipient any right to continue in the employ of the Company or any Affiliated Entity or constitute any contract or agreement of employment or engagement, or interfere in any way with the right of
the Company or any Affiliated Entity to reduce such person’s compensation or other benefits or to terminate the employment or engagement of such Eligible Person or Recipient, with or without cause. Except as expressly provided in this Plan or
in any statement evidencing the grant of an Award pursuant to this Plan, the Company shall have the right to deal with each Recipient in the same manner as if this Plan and any such statement evidencing the grant of an Award pursuant to this Plan
did not exist, including without limitation with respect to all matters related to the hiring, discharge, compensation and conditions of the employment or engagement of the Recipient. Any questions as to whether and when there has been a termination
of a Recipient’s employment or engagement, the reason (if any) for such termination, and/or the consequences thereof under the terms of this Plan or any statement evidencing the grant of an Award pursuant to this Plan shall be determined by the
Administering Body and the Administering Body’s determination thereof shall be final and binding. 
 

 7 

  
 5.6    Restrictions Under Applicable Laws and Regulations.

  
 (a)  All Awards granted under this Plan shall be subject to the requirement that, if at any time the Company
shall determine, in its discretion, that the listing, registration or qualification of the shares subject to Awards granted under this Plan upon any securities exchange or under any federal, state or foreign law, or the consent or approval of any
government regulatory body, is necessary or desirable as a condition of, or in connection with, the granting of such an Award or the issuance, if any, or purchase of shares in connection therewith, such Award may not be exercised as a whole or in
part unless and until such listing, registration, qualification, consent or approval shall have been effected or obtained free of any conditions not acceptable to the Company. During the term of this Plan, the Company will use its reasonable efforts
to seek to obtain from the appropriate regulatory agencies any requisite qualifications, consents, approvals or authorizations in order to issue and sell such number of shares of its Common Stock as shall be sufficient to satisfy the requirements of
this Plan. The inability of the Company to obtain from any such regulatory agency having jurisdiction thereof the qualifications, consents, approvals or authorizations deemed by the Company to be necessary for the lawful issuance and sale of any
shares of its Common Stock hereunder shall relieve the Company of any liability in respect of the nonissuance or sale of such stock as to which such requisite authorization shall not have been obtained. 
  
 (b)  The Company shall be under no obligation to register or qualify the issuance of Awards or underlying shares under the Securities Act
or applicable state securities laws. Unless the issuance of Awards and underlying shares have been registered under the Securities Act and qualified or registered under applicable state securities laws, the Company shall be under no obligation to
issue any Awards or underlying shares of Common Stock covered by any Award unless the Awards and underlying shares may be issued pursuant to applicable exemptions from such registration or qualification requirements. In connection with any such
exempt issuance, the Administering Body may require the Recipient to provide a written representation and undertaking to the Company, satisfactory in form and scope to the Company and upon which the Company may reasonably rely, that such Recipient
is acquiring such Awards and underlying shares for such Recipient’s own account as an investment and not with a view to, or for sale in connection with, the distribution of any such shares of stock, and that such person will make no transfer of
the same except in compliance with any rules and regulations in force at the time of such transfer under the Securities Act and other applicable law, and that if shares of stock are issued without such registration, a legend to this effect (together
with any other legends deemed appropriate by the Administering Body) may be endorsed upon the securities so issued. The Company may also order its transfer agent to stop transfers of such shares. The Administering Body may also require the Recipient
to provide the Company such information and other documents as the Administering Body may request in order to satisfy the Administering Body as to the investment sophistication and experience of the Recipient and as to any other conditions for
compliance with any such exemptions from registration or qualification. 
  
 5.7    Additional
Conditions.    Any Incentive Award may also be subject to such other provisions (whether or not applicable to any other Award or Recipient) as the Administering Body determines appropriate including without limitation
provisions to assist the Recipient in financing the purchase of Common Stock through the exercise of Stock Options, provisions for the forfeiture of or restrictions on resale or other disposition of shares of Common Stock 
 

 8 

 acquired under any form of benefit, provisions giving the Company the right to repurchase shares of Common Stock acquired under any form of benefit in the
event the Recipient elects to dispose of such shares, and provisions to comply with federal and state securities laws and federal and state income tax withholding requirements. 
  
 5.8    No Privileges of Stock Ownership.    Except as otherwise set forth herein, a Recipient or a permitted transferee of an
Award shall have no rights as a stockholder with respect to any shares issuable or issued in connection with the Award until the date of the receipt by the Company of all amounts payable in connection with exercise of the Award and performance by
the Recipient of all obligations thereunder. Status as an Eligible Person shall not be construed as a commitment that any Award will be granted under this Plan to an Eligible Person or to Eligible Persons generally. No person shall have any right,
title or interest in any fund or in any specific asset (including shares of capital stock) of the Company by reason of any Award granted hereunder. Neither this Plan (or any documents related hereto) nor any action taken pursuant hereto shall be
construed to create a trust of any kind or a fiduciary relationship between the Company and any person. To the extent that any person acquires a right to receive an Award hereunder, such right shall be no greater than the right of any unsecured
general creditor of the Company. 
  
 5.9    Nonassignability.    No Award
granted under this Plan shall be assignable or transferable except (i) by will or by the laws of descent and distribution, or (ii) subject to the final sentence of this Section 5.9, upon dissolution of marriage pursuant to a qualified
domestic relations order or, in the discretion of the Administering Body and under circumstances that would not adversely affect the interests of the Company, pursuant to a nominal transfer that does not result in a change in beneficial ownership.
During the lifetime of a Recipient, an Award granted to such person shall be exercisable only by the Recipient (or the Recipient’s permitted transferee) or such person’s guardian or legal representative. Notwithstanding the foregoing, (i)
no Award owned by a Recipient subject to Section 16 of the Exchange Act may be assigned or transferred in any manner inconsistent with Rule 16b-3, and (ii) Incentive Stock Options (or other Awards subject to transfer restrictions under the IRC) may
not be assigned or transferred in violation of Section 422(b)(5) of the IRC (or any comparable or successor provision) or the regulations thereunder, and nothing herein is intended to allow such assignment or transfer. 
  
 5.10    Information to Recipients. 
  
 (a)  The Administering Body in its sole discretion shall determine what, if any, financial and other information shall be provided to Recipients and when such financial and
other information shall be provided after giving consideration to applicable federal and state laws, rules and regulations, including without limitation applicable federal and state securities laws, rules and regulations. 
  
 (b)  The furnishing of financial and other information that is confidential to the Company shall be subject to the Recipient’s
agreement that the Recipient shall maintain the confidentiality of such financial and other information, shall not disclose such information to third parties, and shall not use the information for any purpose other than evaluating an investment in
the Company’s securities under this Plan. The Administering Body may impose other restrictions on the access to and use of such confidential information and may require a 
 

 9 

 Recipient to acknowledge the Recipient’s obligations under this Section 5.10(b) (which acknowledgment shall not be a condition to
Recipient’s obligations under this Section 5.10(b)). 
  
 5.11    Withholding
Taxes.    Whenever the granting, vesting or exercise of any Award granted under this Plan, or the transfer of any shares issued upon exercise of any Award, gives rise to tax or tax withholding liabilities or obligations, the
Administering Body shall have the right to require the Recipient to remit to the Company an amount sufficient to satisfy any federal, state and local withholding tax requirements prior to issuance of such shares. The Administering Body may, in the
exercise of its discretion, allow satisfaction of tax withholding requirements by accepting delivery of stock of the Company or by withholding a portion of the stock otherwise issuable in connection with an Award. 
  
 5.12    Legends on Awards and Stock Certificates.    Each Award Document and each certificate
representing shares acquired upon vesting or exercise of an Award shall be endorsed with all legends, if any, required by applicable federal and state securities and other laws to be placed on the Award Document and/or the certificate. The
determination of which legends, if any, shall be placed upon Award Documents or the certificates shall be made by the Administering Body in its sole discretion and such decision shall be final and binding. 
  
 5.13    Effect of Termination of Employment on Incentive Awards. 
  

(a)  Termination For Just Cause. Subject to Section 5.13(c), and except as otherwise provided in a written agreement between the Company and the Recipient,
which may be entered into at any time before or after termination of employment, in the event of a Just Cause Dismissal of a Recipient all of the Recipient’s unexercised Stock Options, whether or not vested, shall expire and become
unexercisable as of the date of such Just Cause Dismissal. 
  
 (b)  Termination Other Than for Just Cause. Subject to
Section 5.13(c), and except as otherwise provided in a written agreement between the Company and the Recipient, which may be entered into at any time before or after termination of employment, in the event of a Recipient’s termination of
employment for: 
  
 (i)  any reason other than for Just Cause Dismissal, death, Permanent Disability or normal
retirement, the Recipient’s Stock Options, whether or not vested, shall expire and become unexercisable as of the earlier of (A) the date such Stock Options would expire in accordance with their terms had the Recipient remained employed and (B)
90 days after the date of employment termination. 
  
 (ii)  death, Permanent Disability or normal retirement, the
Recipient’s unexercised Options shall, whether or not vested, expire and become unexercisable as of the earlier of (A) the date such Stock Options would expire in accordance with their terms had the Recipient remained employed and (B) two years
after the date of employment termination. 
  
 (c)  Alteration of Vesting and Exercise Periods. Notwithstanding
anything to the contrary in Section 5.13(a) or Section 5.13(b), the Administering Body may in its discretion designate shorter or longer periods to exercise Stock Options following a Recipient’s termination of employment;
provided, however, that any shorter periods determined by the Administering 
 

 10 

 Body shall be effective only if provided for in the instrument that evidences the grant to the Recipient of such Stock Options or if such shorter period
is agreed to in writing by the Recipient. Notwithstanding anything to the contrary herein, Stock Options shall be exercisable by a Recipient (or the Recipient’s successor in interest) following such Recipient’s termination of employment
only to the extent that installments thereof had become exercisable on or prior to the date of such termination; and provided, further, that the Administering Body may, in its discretion, elect to accelerate the vesting of all or any portion
of any Stock Options that had not become exercisable on or prior to the date of such termination. 
  
 (d)  Leave of
Absence. In the case of any employee on an approved leave of absence, the Administering Body may make such provision respecting continuance of a Stock Option as the Administering Body in its discretion deems appropriate, except that in no event
shall a Stock Option be exercisable after the date such Stock Options would expire in accordance with its terms had the Recipient remained continuously employed. 
  
 5.14    Limits on Awards to Eligible Persons.    Notwithstanding any other provision of this Plan, in order for the compensation attributable to Awards
hereunder to qualify as Performance-Based Compensation, no one Eligible Person shall be granted any Awards with respect to more than 100,000 shares of Common Stock (including the number of shares involved in Awards having a value derived from the
value of Common Stock) in any one calendar year. The limitation set forth in this Section 5.14 shall be subject to adjustment as provided in Section 3.4 or under Article VII, but only to the extent such adjustment would not
affect the status of compensation attributable to Awards hereunder as Performance-Based Compensation.  
  
 ARTICLE VI

 INCENTIVE AWARDS 
  
 6.1    Stock Options. 
  
 (a)  Nature of Stock Options. Stock Options may
be Incentive Stock Options or Nonqualified Stock Options. 
  
 (b)  Option Exercise Price. The exercise price for each
Stock Option shall be determined by the Administering Body as of the date such Stock Option is granted. The exercise price shall be no less than the Fair Market Value of the Common Stock subject to the Option. The Administering Body may, with the
consent of the Recipient and subject to compliance with statutory or administrative requirements applicable to Incentive Stock Options, amend the terms of any Stock Option to provide that the exercise price of the shares remaining subject to the
Stock Option shall be reestablished at a price not less than 100% of the Fair Market Value of the Common Stock on the effective date of the amendment. No modification of any other term or provision of any Stock Option that is amended in accordance
with the foregoing shall be required, although the Administering Body may, in its discretion, make such further modifications of any such Stock Option as are not inconsistent with this Plan. 
  
 (c)  Option Period and Vesting. Stock Options granted hereunder shall vest and may be exercised as determined by the Administering Body, except that exercise of such Stock
Options after termination of the Recipient’s employment shall be subject to Section 5.13. Each 
 

 11 

 Stock Option granted hereunder and all rights or obligations thereunder shall expire on such date as shall be determined by the Administering Body, but
not later than l0 years after the date the Stock Option is granted and shall be subject to earlier termination as provided herein or in the Award Document. The Administering Body may, in its discretion at any time and from time to time after the
grant of a Stock Option, accelerate vesting of such Option as a whole or part by increasing the number of shares then purchasable, provided that the total number of shares subject to such Stock Option may not be increased. Except as otherwise
provided herein, a Stock Option shall become exercisable, as a whole or in part, on the date or dates specified by the Administering Body and thereafter shall remain exercisable until the expiration or earlier termination of the Stock Option.

  
 (d)  Special Provisions Regarding Incentive Stock Options. 
  

(i)  Notwithstanding anything in this Section 6.1 to the contrary, the exercise price and vesting period of any Stock Option intended to qualify as an Incentive
Stock Option shall comply with the provisions of Section 422 of the IRC and the regulations thereunder. As of the Effective Date, such provisions require, among other matters, that (A) the exercise price must not be less than the Fair Market Value
of the underlying stock as of the date the Incentive Stock Option is granted, and not less than 110% of the Fair Market Value as of such date in the case of a grant to a Significant Stockholder; and (B) that the Incentive Stock Option not be
exercisable after the expiration of five years from the date of grant in the case of an Incentive Stock Option granted to a Significant Stockholder. 
  
 (ii)  If for any reason other than death or Permanent Disability, the employment or service of a Recipient of Incentive Stock Options with the Company or any Affiliated Entity terminates, such Recipient’s
Incentive Stock Options, whether or not vested, shall cease to qualify as such and will be treated as Nonqualified Stock Options as of the earlier of: (A) the date such Incentive Stock Options would expire in accordance with their terms had the
Recipient remained employed with the Company or any Affiliated Entity; and (B) three months after the date of termination of the Recipient’s employment or service. 
  
 (iii)  If as a result of death or Permanent Disability, the employment or service of a Recipient of Incentive Stock Options with the Company or any Affiliated Entity
terminates, such Recipient’s Incentive Stock Options, whether or not vested, shall cease to qualify as such and will be treated as Nonqualified Stock Options as of the earlier of: (A) the date such Incentive Stock Options would expire in
accordance with their terms had the Recipient remained employed with the Company or any Affiliated Entity; and (B) one year after the date of termination of the Recipient’s employment or service. 
  
 (iv)  The aggregate Fair Market Value (determined as of the respective date or dates of grant) of the Common Stock for which one or more
Options granted to any Recipient under this Plan (or any other option plan of the Company or any of its subsidiaries or affiliates) may for the first time become exercisable as Incentive Stock Options under the federal tax laws during any one
calendar year shall not exceed $100,000. 
  
 (v)  Any Options granted as Incentive Stock Options pursuant to this
Plan that for any reason fail or cease to qualify as such shall be treated as Nonqualified Stock Options. 
 

 12 

  
 6.2    Stock Appreciation Rights 
  
 (a)  Granting of Stock Appreciation Rights. The Administering Body may at any time and from time to time approve the grant to Eligible
Persons of Stock Appreciation Rights, related or unrelated to Stock Options. 
  
 (b)  Stock Appreciation Rights
Related to Options. 
  
 (i)  A Stock Appreciation Right granted in connection with a Stock Option granted under this
Plan will entitle the holder of the related Stock Option, upon exercise of the Stock Appreciation Right, to surrender such Stock Option, or any portion thereof to the extent previously vested but unexercised, with respect to the number of shares as
to which such Stock Appreciation Right is exercised, and to receive payment of an amount computed pursuant to Section 6.2(b)(iii). Such Stock Option will, to the extent surrendered, then cease to be exercisable. 
  
 (ii)  A Stock Appreciation Right granted in connection with a Stock Option hereunder will be exercisable at such time or times, and only
to the extent that, the related Stock Option is exercisable, and will not be transferable except to the extent that such related Stock Option may be transferable. 
  
 (iii)  Upon the exercise of a Stock Appreciation Right related to a Stock Option, the Recipient will be entitled to receive payment of an amount determined by multiplying:
(A) the difference obtained by subtracting the exercise price of a share of Common Stock specified in the related Stock Option from the Fair Market Value of a share of Common Stock on the date of exercise of such Stock Appreciation Right (or as of
such other date or as of the occurrence of such event as may have been specified in the instrument evidencing the grant of the Stock Appreciation Right), by (B) the number of shares as to which such Stock Appreciation Right is exercised.

  
 (c)  Stock Appreciation Rights Unrelated to Options. The Administering Body may grant Stock Appreciation Rights
unrelated to Stock Options to Eligible Persons. Section 6.2(b)(iii) shall be used to determine the amount payable at exercise under such Stock Appreciation Right, except that in lieu of the Option exercise price specified in the related Stock
Option the initial base amount specified in the Incentive Award shall be used. 
  
 (d)  Limits. Notwithstanding the
foregoing, the Administering Body, in its discretion, may place a dollar limitation on the maximum amount that will be payable upon the exercise of a Stock Appreciation Right under this Plan. 
  

(e)  Payments. Payment of the amount determined under the foregoing provisions may be made solely in whole shares of Common Stock valued at their Fair Market Value on
the date of exercise of the Stock Appreciation Right or, alternatively, at the sole discretion of the Administering Body, in cash or in a combination of cash and shares of Common Stock as the Administering Body deems advisable. The Administering
Body has full discretion to determine the form in which payment of a Stock Appreciation Right will be made and to consent to or disapprove the election of a Recipient to receive cash in full or partial settlement of a Stock Appreciation Right. If
the Administering Body decides to make full payment in shares of 
 

 13 

 Common Stock, and the amount payable results in a fractional share, payment for the fractional share will be made in cash. 
  
 (f)  Rule 16b-3. The Administering Body may, at the time a Stock Appreciation Right is granted, impose such conditions on the exercise of
the Stock Appreciation Right as may be required to satisfy the requirements of Rule 16b-3 (or any other comparable provisions in effect at the time or times in question). 
  
 6.3    Stock Payments.    The Administering Body may approve Stock Payments of the Company’s Common Stock to any Eligible
Person for all or any portion of the compensation (other than base salary) or other payment that would otherwise become payable by the Company to the Eligible Person in cash. 
  
 6.4    Dividend Equivalents.    The Administering Body may grant Dividend Equivalents to any Recipient who has received a Stock
Option, Stock Appreciation Right or other Incentive Award denominated in shares of Common Stock. Such Dividend Equivalents shall be effective and shall entitle the recipients thereof to payments during the Applicable Dividend Period. Dividend
Equivalents may be paid in cash, Common Stock or other Incentive Awards; the amount of Dividend Equivalents paid other than in cash shall be determined by the Administering Body by application of such formula as the Administering Body may deem
appropriate to translate the cash value of dividends paid to the alternative form of payment of the Dividend Equivalent. Dividend Equivalents shall be computed as of each dividend record date and shall be payable to recipients thereof at such time
as the Administering Body may determine. 
  
 6.5    Stock Bonuses.    The
Administering Body may issue shares of Common Stock to Eligible Persons as bonuses for services rendered or for any other valid consideration on such terms and conditions as the Administering Body may determine. 
  
 6.6    Stock Sales.    The Administering Body may sell to Eligible Persons shares of Common
Stock on such terms and conditions as the Administering Body may determine. 
  
 6.7    Phantom
Stock.    The Administering Body is authorized to grant Awards of Phantom Stock. Phantom Stock is a cash bonus granted under this Plan measured by the Fair Market Value of a specified number of shares of Common Stock on a
specified date, or measured by the excess of such Fair Market Value over a specified minimum, which may but need not include a Dividend Equivalent. 
  
 6.8    Other Stock-Based Benefits.    The Administering Body is authorized to grant Other Stock-Based Benefits. Other Stock-Based Benefits are any arrangements granted
under this Plan not otherwise described above that (i) by their terms might involve the issuance or sale of Common Stock or (ii) involve a benefit that is measured, as a whole or in part, by the value, appreciation, dividend yield or other features
attributable to a specified number of shares of Common Stock. 
 

 14 

  
 ARTICLE VII 
 REORGANIZATIONS 
  
 7.1    Corporate Transactions Not Involving a Change
in Control.    If the Company shall consummate any Reorganization not involving a Change of Control in which holders of shares of Common Stock are entitled to receive in respect of such shares any securities, cash or other
consideration (including without limitation a different number of shares of Common Stock), each Award outstanding under this Plan shall thereafter be exercisable, in accordance with this Plan, only for the kind and amount of securities, cash and/or
other consideration receivable upon such Reorganization by a holder of the same number of shares of Common Stock as are subject to that Award immediately prior to such Reorganization, and any adjustments will be made to the terms of the Award in the
sole discretion of the Administering Body as it may deem appropriate to give effect to the Reorganization. 
  
 7.2    Corporate Transactions Involving a Change in Control.    As of the effective time and date of any Change in Control, this Plan and any then outstanding Awards (whether or
not vested) shall automatically terminate unless (a) provision is made in writing in connection with such transaction for the continuance of this Plan and for the assumption of such Awards, or for the substitution for such Awards of new awards
covering the securities of a successor entity or an affiliate thereof, with appropriate adjustments as to the number and kind of securities and exercise prices, in which event this Plan and such outstanding Awards shall continue or be replaced, as
the case may be, in the manner and under the terms so provided; or (b) the Board otherwise shall provide in writing for such adjustments as it deems appropriate in the terms and conditions of the then-outstanding Awards (whether or not vested),
including without limitation (i) accelerating the vesting of outstanding Awards and/or (ii) providing for the cancellation of Awards and their automatic conversion into the right to receive the securities, cash or other consideration that a holder
of the shares underlying such Awards would have been entitled to receive upon consummation of such Change in Control had such shares been issued and outstanding immediately prior to the effective date and time of the Change in Control (net of the
appropriate option exercise prices). If, pursuant to the foregoing provisions of this Section 7.2, this Plan and the Awards shall terminate by reason of the occurrence of a Change in Control without provision for any of the actions
described in clause (a) or (b) hereof, then any Recipient holding outstanding Awards shall have the right, at such time immediately prior to the consummation of the Change in Control as the Board shall designate, to exercise the Recipient’s
Awards to the full extent not theretofore exercised, including any installments which have not yet become vested. 
  
 ARTICLE VIII

 DEFINITIONS 
  
 Capitalized terms used
in this Plan and not otherwise defined shall have the meanings set forth below: 
  
 “Administering Body” means
the Board as long as no Compensation Committee has been appointed and is in effect and shall mean the Compensation Committee as long as the Compensation Committee is appointed and in effect. 
 

 15 

  
 “Affiliated Entity” means any Parent Corporation or Subsidiary
Corporation. 
  
 “Applicable Dividend Period” means (i) the period between the date a Dividend
Equivalent is granted and the date the related Stock Option, Stock Appreciation Right, or other Incentive Award is exercised, terminates, or is converted to Common Stock, or (ii) such other time as the Administering Body may specify in the written
instrument evidencing the grant of the Dividend Equivalent. 
  
 “Association” means Quaker City Federal
Savings and Loan Association, a Subsidiary Corporation of the Company. 
  
 “Award” means any Incentive Award.

  
 “Award Document” means the agreement or confirming memorandum setting forth the terms and conditions of an
Award. 
  
 “Board” means the Board of Directors of the Company. 
  
 “Change in Control” means an event of a nature that (a) would be required to be reported in response to Item 1 of the Current
Report on Form 8-K, as in effect on the Effective Date, pursuant to Section 13 or 15(d) of the Exchange Act; or (b) results in a change in control of the Company or the Association, within the meaning of the Home Owners’ Loan Act of 1933, as
amended, and the rules and regulations promulgated by the OTS, as in effect on the Effective Date (provided that in applying the definition of change in control as set forth under the rules and regulations of the OTS, the Administering Body shall
substitute its judgment for that of the OTS); or (c) without limitation, a Change in Control shall be deemed to have occurred at such time as (i) any “person” (as that term is used in Sections 13(d) and 14(d) of the Exchange Act) is or
becomes a “beneficial owner” (as defined in Rule 13d-3 under the Exchange Act), directly or indirectly, of securities of the Association or the Company representing twenty percent (20%) or more of the Association’s or the
Company’s outstanding securities, except for any securities of the Association purchased by the Company in connection with the conversion of the Association to the stock form and any securities purchased by any tax qualified employee benefit
plan of the Association; or (ii) individuals who constitute the Board on the date hereof (the “Incumbent Board”) cease for any reason to constitute at least a majority thereof, provided that any person becoming a director subsequent
to the Effective Date whose election was approved by a vote of at least seventy-five percent (75%) of the directors comprising the Incumbent Board, or whose nomination for election by the Company’s stockholders was approved by the same
nominating committee serving under the Incumbent Board, shall, for purposes of this clause (ii), be considered as though he or she were a member of the Incumbent Board; or (iii) a plan of reorganization, merger, consolidation, sale of all or
substantially all of the assets of the Association or the Company, or similar transaction occurs in which the Association or Company is not the resulting entity; or (iv) a proxy statement, soliciting proxies from stockholders of the Company by
someone other than the current management of the Company, seeking stockholder approval of a plan of reorganization, merger or consolidation of the Company or the Association, or a similar transaction with one or more corporations, as a result of
which the outstanding shares of the class of securities then subject to the plan or transaction are exchanged for or converted into cash or property or securities not issued by the Association or the Company shall be 
 

 16 

 distributed; or (v) a tender offer is made for twenty percent (20%) or more of the voting securities of the Association or the Company. 

 
 “Commission” means the Securities and Exchange Commission. 
  
 “Common Stock” means the common stock of the Company, par value $.01 per share, as constituted on the Effective Date of this Plan, and as thereafter adjusted as a
result of any one or more events requiring adjustment of outstanding Awards under Section 3.4 above. 
  
 “Company” means Quaker City Bancorp, Inc., a Delaware corporation. 
  
 “Compensation
Committee” means the committee appointed by the Board to administer this Plan pursuant to Section 4.1. 
  
 “Dividend Equivalent” means a right granted by the Company under Section 6.5 to a holder of a Stock Option, Stock Appreciation Right or other Incentive Award denominated in shares of Common Stock to receive
from the Company during the Applicable Dividend Period payments equivalent to the amount of dividends payable to holders of the number of shares of Common Stock underlying such Stock Option, Stock Appreciation Right, or other Incentive Award.

  
 “Effective Date” means July 24, 1997, which is the date this Plan was adopted by the Board. 

 
 “Eligible Person” shall include directors, officers, employees, consultants and advisors of the Company or of any
Affiliated Entity. 
  
 “ERISA” means the Employee Retirement Income Security Act of 1974, as amended.

  
 “Exchange Act” means the Securities Exchange Act of 1934, as amended. 
  
 “Exchange Act Registered Company” means that the Company has any class of any equity security registered pursuant to Section 12 of
the Exchange Act. 
  
 “Expiration Date” means the fifth anniversary of the Effective Date.

  
 “Fair Market Value” of a share of the Company’s capital stock as of a particular date shall be: (i)
if the stock is listed on an established stock exchange or exchanges (including for this purpose, the Nasdaq National Market), the average of the highest and lowest sale prices of the stock quoted for such date as reported in the Transactions Index
of each such exchange, as published electronically by Stockmaster (http://www.stockmaster.com) or similar stock quotation service and determined by the Administering Body, or, if no sale price was quoted in any such Index for such date, then as of
the next preceding date on which such a sale price was quoted; or (ii) if the stock is not then listed on an exchange or the Nasdaq National Market, the average of the closing bid and asked prices per share for the stock in the over-the-counter
market as quoted on The Nasdaq Small Cap Market on such date (in the case of (i) or (ii), subject to adjustment as and if necessary and appropriate to set an exercise price not less than 100% of the fair market value of the stock on the date an
option is granted); or (iii) if the stock is not then listed on an 
 

 17 

 exchange or quoted in the over-the-counter market, an amount determined in good faith by the Administering Body; provided, however, that (A) when
appropriate, the Administering Body, in determining Fair Market Value of capital stock of the Company, may take into account such other factors as it may deem appropriate under the circumstances and (B) if the stock is traded on the Nasdaq Small Cap
Market and both sales prices and bid and asked prices are quoted or available, the Administering Body may elect to determine Fair Market Value under either clause (i) or (ii) above. Notwithstanding the foregoing, the Fair Market Value of capital
stock for purposes of grants of Incentive Stock Options shall be determined in compliance with applicable provisions of the IRC. The Fair Market Value of rights or property other than capital stock of the Company means the fair market value thereof
as determined by the Compensation Committee on the basis of such factors as it may deem appropriate. 
  
 “Incentive
Award” means any Stock Option, Restricted Stock, Stock Appreciation Right, Stock Payment, Stock Bonus, Stock Sale, Phantom Stock, Dividend Equivalent, or Other Stock-Based Benefit granted or sold to an Eligible Person under this Plan.

  
 “Incentive Stock Option” means a Stock Option that qualifies as an incentive stock option under Section
422 of the IRC, or any successor statute thereto. 
  
 “IRC” means the Internal Revenue Code of 1986, as
amended. 
  
 “Just Cause Dismissal” shall mean a termination of a Recipient’s employment for any of the
following reasons: (i) the Recipient violates any reasonable rule or regulation of the Board, the Company’s Chief Executive Officer or the Recipient’s superiors that results in damage to the Company or which, after written notice to do so,
the Recipient fails to correct within a reasonable time; (ii) any willful misconduct or gross negligence by the Recipient in the responsibilities assigned to the Recipient; (iii) any willful failure to perform the Recipient’s job as required to
meet Company objectives; (iv) any wrongful conduct of a Recipient which has an adverse impact on the Company or which constitutes a misappropriation of Company assets; (v) the Recipient’s performing services for any other person or entity which
competes with the Company while the Recipient is employed by the Company, without the written approval of the Chief Executive Officer of the Company; or (vi) any other conduct that the Administering Body determines constitutes Just Cause for
Dismissal; provided, however, that if a Recipient is party to an employment agreement with the Company providing for just cause dismissal (or some comparable notion) of Recipient from Recipient’s employment with the Company, “Just
Cause Dismissal” for purposes of this Plan shall have the same meaning as ascribed thereto or to such comparable notion in such employment agreement. 
  
 “Nonemployee Director” means any director of the Company who qualifies as a “nonemployee director” within the meaning of Rule 16b-3. 
  
 “Nonqualified Stock Option” means a Stock Option that is not an Incentive Stock Option. 
  
 “OTS” means the Office of Thrift Supervision, or its predecessor agency. 
  
 “Other Stock-Based Benefits” means an Incentive Award granted under Section 6.9 of this Plan. 
 

 18 

  
 “Outside Director means an “outside director” as defined in the
regulations adopted under Section 162(m) of the IRC. 
  
 “Parent Corporation” means any Parent
Corporation as defined in Section 424(e) of the IRC. 
  
 “Payment Event” means the event or events
giving rise to the right to payment of a Performance Award. 
  
 “Performance-Based Compensation” means
performance-based compensation as described in Section 162(m) of the IRC. If the amount of compensation an Eligible Person will receive under any Award is not based solely on an increase in the value of Common Stock after the date of grant or award,
the Compensation Committee, in order to qualify an Award as performance-based compensation under Section 162(m) of the IRC, can condition the grant, award, vesting, or exercisability of such an Award on the attainment of a preestablished, objective
performance goal. For this purpose, a preestablished, objective performance goal may include one or more of the following performance criteria: (a) cash flow, (b) earnings per share (including earning before interest, taxes, and amortization), (c)
return on equity, (d) total stockholder return, (e) return on capital, (f) return on assets or net assets, (g) income or net income, (h) operating income or net operating income, (i) operating margin, (j) return on operating revenue, and (k) any
other similar performance criteria. 
  
 “Permanent Disability” shall mean that the Recipient becomes
physically or mentally incapacitated or disabled so that the Recipient is unable to perform substantially the same services as the Recipient performed prior to incurring such incapacity or disability (the Company, at its option and expense, being
entitled to retain a physician to confirm the existence of such incapacity or disability, and the determination of such physician to be binding upon the Company and the Recipient), and such incapacity or disability continues for a period of three
consecutive months or six months in any 12-month period or such other period(s) as may be determined by the Compensation Committee with respect to any Award, provided that for purposes of determining the period during which an Incentive Stock Option
may be exercised pursuant to Section 5.13(ii) hereof, Permanent Disability shall mean “permanent and total disability” as defined in Section 22(e) of the IRC. 
  
 “Person” means any person, entity or group, within the meaning of Section 13(d) or 14(d) of the Exchange Act, but excluding (i) the Company and its subsidiaries,
(ii) any employee stock ownership or other employee benefit plan maintained by the Company that is qualified under ERISA and (iii) an underwriter or underwriting syndicate that has acquired the Company’s securities solely in connection with a
public offering thereof. 
  
 “Phantom Stock” means an Incentive Award granted under Section 6.8 of this
Plan. 
  
 “Plan” means this 1997 Stock Incentive Plan of the Company. 
  
 “Plan Term” means the period during which this Plan remains in effect (commencing the Effective Date and ending on the Expiration
Date). 
 

 19 

  
 “Purchase Price” means the purchase price (if any) to be paid by a
Recipient for Restricted Stock as determined by the Compensation Committee (which price shall be at least equal to the minimum price required under applicable laws and regulations for the issuance of Common Stock which is nontransferable and subject
to a substantial risk of forfeiture until specific conditions are met). 
  
 “Recipient” means a person who has
received an Award under this Plan. 
  
 “Reorganization” means any merger, consolidation or other
reorganization. 
  
 “Rule 16b-3” means Rule 16b-3 under the Exchange Act. 
  
 “Securities Act” means the Securities Act of 1933, as amended. 
  
 “Significant Stockholder” is an individual who, at the time a Stock Option is granted to such individual under this Plan, owns more than ten percent (10%) of the
combined voting power of all classes of stock of the Company or of any Parent Corporation or Subsidiary Corporation (after application of the attribution rules set forth in Section 424(d) of the IRC). 
  
 “Stock Appreciation Right” means a right granted under Section 6.3 to receive a payment that is measured with reference to
the amount by which the Fair Market Value of a specified number of shares of Common Stock appreciates from a specified date, such as the date of grant of the Stock Appreciation Right, to the date of exercise. 
  
 “Stock Bonus” means an issuance or delivery of unrestricted or restricted shares of Common Stock under Section 6.6 of this
Plan as a bonus for services rendered or for any other valid consideration under applicable law. 
  
 “Stock
Option” means a right to purchase stock of the Company granted under Section 6.1 of this Plan. 
  
 “Stock Payment” means a payment in shares of the Company’s Common Stock to replace all or any portion of the compensation (other than base salary) that would otherwise become payable to a Recipient.

  
 “Stock Sale” means a sale of Common Stock to an Eligible Person under Section 6.7 of this Plan.

  
 “Subsidiary Corporation” means any Subsidiary Corporation as defined in Section 425(f) of the IRC.

 

 20

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