Document:

Exhibit 10.1

 

SEPARATION AGREEMENT

 

This Separation Agreement (“Agreement”) is entered into by and between TAILORED SHARED SERVICES, LLC (“TAILORED BRANDS”), a wholly owned subsidiary of Tailored Brands, Inc. (collectively, “TAILORED BRANDS” or the “Company”), and JON W. KIMMINS (“Kimmins”).

 

Recitals

 

i.                                           Kimmins was employed by TAILORED BRANDS at its corporate office in Fremont, California pursuant to an Employment Agreement, effective as of April 1, 2013, by and between Kimmins and TAILORED BRANDS, as amended (“Employment Agreement”).

 

ii.                                        The Employment Agreement is incorporated herein by reference and, to the extent it survives Kimmins’ termination of employment, remains in full force and effect, except as to where it is amended specifically by this Agreement.  Without limiting the generality of the previous sentence, the provisions of Section 9 (Restrictive Covenants) and Section 10 (Forfeiture for Cause) of the Employment Agreement will remain in full force and effect following Kimmins’ termination of employment in accordance with their terms and conditions.

 

iii.                                     In consideration of Kimmins’ acceptance of this Agreement and, pursuant to it, TAILORED BRANDS is agreeable to paying to Kimmins the payments and benefits under this Agreement.

 

iv.                                    In consideration of TAILORED BRANDS’ acceptance of this Agreement and its agreement to pay Kimmins the payments and benefits under this Agreement, Kimmins is willing to execute this Agreement and the release of claims under this Agreement.

 

Based on these recitals and in consideration of the mutual promises and agreements set forth in this Agreement, Kimmins and the Company agree as follows:

 

Terms

 

1.                                      Termination of Employment.

 

a.                                Termination. Kimmins’ Separation From Service, as defined in his Employment Agreement, shall be December 8, 2016 (“the Separation From Service Date”) and his employment shall be terminated on December 31, 2016 (“the Termination Date”). Kimmins acknowledges and agrees that as of the Termination Date he shall cease to serve as an employee, officer, agent or representative of TAILORED BRANDS and its direct and indirect parent(s), subsidiaries and affiliates and shall not represent himself as being any of the foregoing.

 

b.                                Payments and Benefits Pursuant to the Employment Agreement.  Conditioned upon Kimmins’ acceptance of and compliance with the terms and conditions of this Agreement and non-revocation of the release of claims herein during the applicable revocation period, the Company shall provide the following payments and benefits to Kimmins, less applicable taxes and withholdings:

 

i.                                          A lump sum payment in cash, to be paid no later than the Termination Date, equal to (A) Kimmins’ annual salary earned through the Termination Date and (B) any accrued vacation pay earned by Kimmins, in each case, to the extent not theretofore paid;

 

 

ii.                                       Kimmins’ annual salary in effect as of the Termination Date (“Annual Salary”) calculated in accordance with the customary payroll practices of the Company through the first anniversary of the Termination Date, payable in accordance with the following:

 

(A)                               A lump sum payment in cash, to be paid on the date that is six months following the date of Kimmins’ Separation From Service (the “Delayed Payment Date), equal to the Annual Salary for the period beginning on the Termination Date and ending on the Delayed Payment Date; and

 

(B)                               The Annual Salary payable after the Delayed Payment Date through the first anniversary of the Termination Date to be paid in substantially equal installments in accordance with the customary payroll practices of the Company.

 

iii.                                    A lump sum payment in cash, to be paid on the Delayed Payment Date, equal to two (2) times Kimmins’ full target bonus for the Company’s fiscal year ending in January, 2017;

 

iv.                                   All stock options held by Kimmins that would have vested within one year of the Termination Date will become immediately exercisable on the Termination Date and any Restricted Stock or Deferred Stock Units held by Kimmins that would have vested within one year of the Termination Date shall become fully vested on the Termination Date;

 

v.                                      A lump sum payment equal to eighteen (18) months, multiplied by the monthly premium in effect on the Termination Date required to provide Kimmins and his dependents with coverage under the Company’s group health plan pursuant to the applicable provisions of COBRA (the “Monthly Premium”), payable in accordance with the following:

 

(A)  On the Delayed Payment Date, a lump sum payment equal to the sum of the number of Monthly Premiums required for the period beginning on the Termination Date and ending on the Delayed Payment Date; and

 

(B)  The Monthly Premiums payable after the Delayed Payment Date through the eighteenth month following the Termination Date to be paid in substantially equal monthly installments; and

 

vi.                                   Any other benefits to which Kimmins is entitled under the terms and conditions of the Company’s plans and policies.

 

c.                                 Additional Separation Payments.  In addition to the payments and benefits to be provided to Kimmins pursuant to the terms of the Employment Agreement, as enumerated in Section 1b., the Company shall provide the following payments to Kimmins, less applicable taxes and withholdings:

 

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i.                                          A lump sum payment, payable within 15 days following the Termination Date, equal to twenty six weeks of pay in the gross amount of $275,000.00.

 

ii.                                       A lump sum payment, if greater than zero, payable on or before April 15, 2017, equal to (A) the bonus that Kimmins would have actually earned under the Company’s annual incentive plan for the Company’s fiscal year ending in January, 2017 had he remained employed by the Company on the last day of such fiscal year; minus (B) Kimmins’ full target bonus for the Company’s fiscal year ending in January, 2017.

 

2.                                      Release of Claims by Kimmins.

 

a.                                      In consideration for the payments and benefits provided for in Section 1 and other good and valuable consideration, Kimmins hereby releases TAILORED BRANDS, its parent companies, subsidiaries, and affiliates and all of their respective officers, directors, employees, insurers and agents (collectively, the “Released Parties”) from any and all claims, arising on or before the date of execution of this Agreement, whether known or unknown, foreseen or unforeseen, asserted or unasserted, including but not limited to those claims asserted or that could have been asserted arising from or in any way related to his employment with and/or separation from TAILORED BRANDS or any of its subsidiaries or affiliates, and this release includes any claims he might have for re-employment or for additional compensation or benefits, including claims for violations of the California Labor Code and the federal Equal Pay Act, as amended, and applies to claims under federal law, state law, contract or tort, including but not limited to applicable state civil rights laws, the California Fair Employment & Housing Act, Cal. Govt. Code § 12940 et. seq. (“FEHA”), the California Family Rights Act, Title VII of the Civil Rights Act of 1964, as amended, the Post-Civil War Civil Rights Acts (42 U.S.C. Sections 1981-88), the Americans With Disabilities Act, the Rehabilitation Act of 1973, Executive Order 11246, the Sarbanes-Oxley Act of 2002, Pub. L. No. 107-204, 116 Stat. 745, Family and Medical Leave Act, the Age Discrimination in Employment Act (29 U.S.C. Section 621 et seq.) (“ADEA”), the Older Workers Benefit Protection Act, and any regulations under such laws. Further, Kimmins acknowledges that he is receiving consideration for his release of any claim under the ADEA in addition to anything of value to which he was already entitled.

 

b.                                      Nothing in this Agreement is intended to waive claims (i) for unemployment or workers’ compensation benefits, (ii) for vested rights under any employee benefit plan covered under the provisions of the Employee Retirement Income Security Act of 1974, as amended (“ERISA”) as applicable on the date this Agreement is signed, (iii) that may arise after this Agreement is signed, or (iv) which cannot be released as a matter of law by private agreement. In addition, neither anything contained in this Agreement nor any provision of the Employment Agreement that remains in full force and effect shall prevent Kimmins from filing a charge or complaint with or from participating in an investigation or proceeding conducted by the EEOC, NLRB, or any other any federal, state or local agency charged with the enforcement of any laws, or from exercising rights under Section 7 of the NLRA to engage in joint activity with other employees, although by signing this release Kimmins hereby waives rights to individual relief based on claims asserted in such a charge or complaint, except where such a waiver of individual relief is prohibited (provided, however, that nothing herein limits his right to receive an award for information submitted pursuant to Section 21F of the Securities Exchange Act of 1934).

 

c.                                       Kimmins understands and agrees that claims or facts in addition to or different from those which are now known or believed by him to exist may hereafter be discovered, but it is his intention to fully and forever release, remise and discharge all claims which he had, may have had, or now have against the Released Parties, whether known or unknown, suspected or

 

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unsuspected, asserted or unasserted, contingent or non-contingent, without regard to the subsequent discovery or existence of such additional or different facts.

 

3.                                      No Suit.  Kimmins represents and warrants that he has not previously filed, and to the maximum extent permitted by law agrees that he will not file, a complaint, charge, or lawsuit against any of the Released Parties regarding any of the claims released herein.  If, notwithstanding this representation and warranty, Kimmins filed or files such a complaint, charge, or lawsuit, Kimmins agrees that he shall cause such complaint, charge, or lawsuit to be dismissed with prejudice and shall pay any and all costs required in obtaining dismissal of such complaint, charge, or lawsuit, including without limitation the attorneys’ fees of any member of the Released Parties against whom he has filed such a complaint, charge, or lawsuit.

 

4.                                      Cooperation Clause.  After the Termination Date, Kimmins agrees to exercise his best, good faith efforts to (a) cooperate fully with the Company and its affiliates and their respective counsel in connection with any pending or future litigation, arbitration, administrative proceedings, or investigation relating to any matter that occurred during his employment in which he was involved or of which he has knowledge; and (b) respond in good faith to any telephone calls and/or information requests from the Company or its representatives within a reasonable period of time. Kimmins further agrees that, in the event he is subpoenaed by any person or entity (including, but not limited to, any government agency) to give testimony or provide documents (in a deposition, court proceeding or otherwise), which in any way relates to his employment by TAILORED BRANDS, he will give prompt notice of such request to the General Counsel of the Company and, unless legally required to do so, will make no disclosure until the Company and/or its affiliates have had a reasonable opportunity to contest the right of the requesting person or entity to such disclosure. Failure to cooperate or respond in a timely fashion will be considered a material breach of this Agreement. If Kimmins is required to travel or incur other expenses as a result of any requests made to him by the Company pursuant to this Cooperation Clause, the Company shall bear, and reimburse Kimmins for, all reasonable out of pocket costs of any such expenses.

 

5.                                      Confidentiality.  Kimmins and the Company represent and agree that the existence and terms of this Agreement shall be kept completely confidential, except:  (a) the parties may disclose the Agreement’s existence and terms to their respective attorneys, financial advisors, tax preparers, taxing officials, or as otherwise may be required by law; (b) Kimmins may disclose the existence of this Agreement to his spouse or domestic partner; and (c) the Company may disclose the Agreement to its employees, officers and directors who have a business need to know. In the event that either party makes a disclosure to any individual described in and as provided for in subparagraphs (a), (b) or (c) of this Section 5, he/it will inform such individual of this confidentiality obligation.

 

6.                                      Return of Company Property.  Kimmins must return to the Company all Company property in his possession, custody or control, including, but not limited to, confidential or proprietary information, computer equipment, software, laptop, mobile phone, iPad, and credit cards. It is understood and agreed that all paper and electronic files, documents, memoranda, letters, handbooks and manuals, facsimile and/or other communications concerning TAILORED BRANDS and its business that were written, authorized, signed, received and/or transmitted prior or during Kimmins’ employment are and remain Company property. Kimmins further agrees that he has not and will not (a) copy any computer files, documents or electronic messages to disks or compact disks; (b) forward computer files, documents or electronic messages to personal e-mail accounts or any other e-mail accounts; or (c) delete or destroy any documents, computer files, or electronic messages contained on his computer or the Company’s

 

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server.

 

7.                                      Voluntary Waiver. TAILORED BRANDS hereby advises Kimmins to consult with an attorney regarding this Agreement and the release of claims contained herein. By signing below, Kimmins acknowledges that he has been advised by TAILORED BRANDS to consult with an attorney, and Kimmins agrees that he has had an opportunity to have an attorney of his choice review this Agreement and the release contained herein before signing this Agreement. Kimmins acknowledges that he has carefully read and understands all of the provisions of this Agreement and that he is executing this Agreement of his own free will and without duress. Kimmins also acknowledges receipt of the Agreement on December 8, 2016, and that he has been given at least 21 days to consider it, and that Kimmins voluntarily signs it and agrees to be bound by its terms. Kimmins also understands and agrees that this Agreement must be signed between December 31, 2016 and January 6, 2017, in order for him to be entitled to the benefits given under it. Kimmins also understands he may revoke the Agreement within 7 days after signing it, and unless so revoked, the Agreement will be fully effective upon expiration of the revocation period. Kimmins understands and agrees that to revoke this Agreement, written notice of the revocation must be received by the following person no later than 11:59 p.m. Pacific Time on the seventh (7th) day from the date this Agreement is signed:

 

Carole Souvenir

Executive Vice President—Employee Relations

Tailored Brands, Inc.

6100 Stevenson Boulevard

Fremont, CA 94538

Phone: 510.723.8669

 

8.                                      No Further Entitlements. Kimmins acknowledges and agrees that the payment(s), benefits, and obligations of the Company to Kimmins provided for in this Agreement are in full discharge of any and all liabilities and obligations of the Company or any of its affiliates to him, monetarily or with respect to employee benefits or otherwise, including but not limited to any and all obligations arising under the Employment Agreement, any alleged additional written or oral employment agreement, policy, plan or procedure of TAILORED BRANDS or any of its affiliates and/or any alleged understanding or arrangement between Kimmins and TAILORED BRANDS or any of its affiliates other than claims for accrued and vested benefits under an employee benefit, insurance, or pension plan of TAILORED BRANDS or any of its affiliates (but excluding any employee benefit plan providing severance or similar benefits), subject to the terms and conditions of such plan(s).

 

9.                                      Taxes. The payments and provision of benefits referenced in this Agreement shall be subject to withholding for all applicable taxes, including but not limited to income, employment, and social insurance taxes, as shall be required by law.

 

10.                               Entire agreement. This Agreement and the portions of the Employment Agreement that remain in full force and effect following the Termination Date contain the entire agreement between Kimmins and the Company regarding Kimmins’ termination of employment, and supersede any prior or contemporaneous agreement, understanding, or representation concerning that subject matter.

 

11.                               Civil Code Section 1542. This Agreement constitutes a waiver and release of any and all claims which would otherwise be preserved by operation of Section 1542 of the Civil Code of the State of California, and under any and all similar laws of any governmental entity.

 

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Section 1542 of the Civil Code provides as follows:

 

A general release does not extend to claims which the creditor does not know or suspect to exist in his or her  favor at the time of executing the release, which if known by him or her must have materially affected his or her settlement with the debtor.

 

12.                               Binding on Successor. This Agreement shall be binding upon the successors and/or assigns, if any, of TAILORED BRANDS.  In light of the payment by TAILORED BRANDS of all amounts due to Kimmins, he acknowledges and agrees that California Labor Code section 206.5 is not applicable. That section provides in pertinent part as follows:

 

No employer shall require the execution of any release of any claim or right on account of wages due, or to become due, or made as an advance on wages to be earned, unless payment of such wages has been made.

 

13.                               Reimbursement of Reasonable Business Expenses. By executing this Agreement, Kimmins is not releasing any claims for reimbursement of business-related expenses under Labor Code section 2802. Kimmins is hereby advised of his right to consult with an attorney of his choosing about this business-related expenditures acknowledgement. Kimmins hereby affirms that he has received full and adequate reimbursement for any necessary business-related expenditures or losses incurred in the course of employment with TAILORED BRANDS and any of its parent companies or affiliates.

 

14.                               Governing Law. This Agreement will be governed by California law without resort to conflict of law principles.

 

15.                               Jointly Drafted. The parties understand and agree that this Agreement is deemed to have been drafted jointly by the parties. Any uncertainty or ambiguity will not be construed for or against any party based on attribution of drafting to any party.

 

16.                               Non-Admission. Nothing contained in this Agreement will be deemed or construed as an admission of wrongdoing or liability on the part of Kimmins or the Company or any of its affiliates.

 

17.                               Compliance with Section 409A.  This Agreement is intended, and shall be construed and interpreted, to comply with Section 409A of the Internal Revenue Code of 1986, as amended (“Section 409A”) and if necessary, any provision shall be held null and void to the extent such provision (or part thereof) fails to comply with Section 409A or the Treasury Regulations thereunder.  For purposes of Section 409A, each payment of compensation under the Agreement shall be treated as a separate payment of compensation.  Any amounts payable solely on account of an involuntary termination shall be excludible from the requirements of Section 409A, either as separation pay or as short-term deferrals to the maximum possible extent.  Nothing herein shall be construed as the guarantee of any particular tax treatment to Kimmins, and neither TAILORED BRANDS nor any of its affiliates shall have any liability with respect to any failure to comply with the requirements of Section 409A.

 

Execution by Parties

 

The Company and Kimmins acknowledge and represent that they have read this

 

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Agreement, understand its terms, and enter into it knowingly and voluntarily.

 

 

	
TAILORED   SHARED SERVICES, LLC
    	
JON   W. KIMMINS
    
	
 
    	
 
    
	
 
    	
 
    
	
By:
    	
/s/   Douglas S. Ewert 
    	
 
    	
/s/   Jon W. Kimmins
    
	
 
    	
Douglas   S. Ewert 
    	
 
    	
 
    
	
 
    	
Chief   Executive Officer
    	
 
    	
 
    
	
 
    	
Dated:   January 5, 2017
    	
 
    	
Dated:   December 31, 2016
    

 

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Acknowledged and Agreed to this 5 day of January 2017:

 

 

	
TAILORED BRANDS, INC.
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    
	
By:
    	
/s/   Douglas S. Ewert
    	
 
    	
 
    
	
 
    	
Douglas   S. Ewert
    	
 
    	
 
    
	
 
    	
President   and Chief Executive Officer
    	
 
    	
 
    

 

8EX-10.1

 Exhibit 10.1 

EXECUTION COPY 
 INDEMNIFICATION
AGREEMENT 
 THIS INDEMNIFICATION AGREEMENT (this “Agreement”) is made and entered into as of this [•] day
of January, 2017 between VCA Inc., a Delaware corporation (the “Company”), and [•] (“Indemnitee”). 

WITNESSETH THAT: 
 WHEREAS, the
Board of Directors of the Company (the “Board”) believes that highly skilled and competent persons are becoming more reluctant to serve companies as directors or officers unless they are provided with adequate protection
through insurance and indemnification against inordinate risks of claims and actions against them arising out of their service to and activities on behalf of such companies; 

WHEREAS, the uncertainties relating to such insurance and to indemnification have increased the difficulty of attracting and retaining such
persons; 
 WHEREAS, the Board has determined that an inability to attract and retain such persons is detrimental to the best interests of
the Company, the Company’s stockholders and the Company’s businesses and operations and that the Company should act to assure such persons that there will be increased certainty of such protection in the future; 

WHEREAS, it is reasonable and prudent for the Company contractually to obligate itself to indemnify, and to advance expenses on behalf of,
such persons to the fullest extent permitted by applicable law so that they will serve or continue to serve the Company free from undue concern that they will not be so indemnified; 

WHEREAS, this Agreement is a supplement to and in furtherance of the organizational documents of the Company and any resolutions adopted
pursuant thereto, and shall not be deemed a substitute therefor, nor to diminish or abrogate any rights of Indemnitee thereunder. 
 NOW,
THEREFORE, in consideration of Indemnitee’s agreement to serve as an officer or director from and after the date hereof, the parties hereto agree as follows: 

1. Service by Indemnitee. The Indemnitee will serve and/or continue to serve as a director or officer of the Company faithfully and to
the best of the Indemnitee’s ability so long as the Indemnitee is duly elected or appointed and until such time as the Indemnitee is removed, terminated, or tenders a resignation. 

2. Indemnification of Indemnitee. 

(a) General. The Company shall indemnify the Indemnitee (i) as provided in this Agreement and (ii) subject to the provisions
of this Agreement, to the full extent permitted by applicable law and in a manner permitted by such law. 
 (b) Proceedings Other Than
Proceedings by or in the Right of the Company. Except as provided in Section 7 hereof, Indemnitee shall be entitled to the rights of indemnification provided in this Section 2(b) if, by reason of his Corporate Status (as hereinafter
defined), the Indemnitee is or was, or is or was threatened to be made, a party to or is or was otherwise involved in a Proceeding (as hereinafter defined) other than a Proceeding by or in the right of the Company to procure a judgment in its favor.
Pursuant to this Section 2(b), Indemnitee shall be indemnified against all Losses (as hereinafter defined) actually and reasonably incurred by the Indemnitee or on the Indemnitee’s behalf, in connection with such Proceeding or any claim,
issue or matter therein, but only if the Indemnitee acted in good faith and in a manner the Indemnitee reasonably believed to be in or not opposed to the best interests of the Company, and with respect to any criminal Proceeding, had no reasonable
cause to believe the Indemnitee’s conduct was unlawful. 

 (c) Proceedings by or in the Right of the Company. Except as provided in Section 7
hereof, Indemnitee shall be entitled to the rights of indemnification provided in this Section 2(c) if, by reason of his Corporate Status, the Indemnitee is or was, or is or was threatened to be made, a party to or is or was otherwise involved
in any Proceeding brought by or in the right of the Company to procure a judgment in its favor. Pursuant to this Section 2(c), Indemnitee shall be indemnified against all Expenses (as hereinafter defined) actually and reasonably incurred by the
Indemnitee, or on the Indemnitee’s behalf, in connection with such Proceeding, but only if the Indemnitee acted in good faith and in a manner the Indemnitee reasonably believed to be in or not opposed to the best interests of the Company;
provided, however, if applicable law so provides, no indemnification against such Expenses shall be made in respect of any claim, issue or matter in such Proceeding as to which Indemnitee shall have been adjudged to be liable to the Company unless
(and only to the extent) that the Court of Chancery of the State of Delaware (the “Court of Chancery”) or the court in which such Proceeding was brought shall determine upon application that, despite the adjudication of
liability but in view of all the circumstances of the case, the Indemnitee is fairly and reasonably entitled to indemnification for such Expenses that the Court of Chancery or such other court shall deem proper. Anything in this Agreement to the
contrary notwithstanding, if the Indemnitee, by reason of the Indemnitee’s Corporate Status, is or was, or is or was threatened to be made, a party to any Proceeding by or in the right of the Company to procure a judgment in its favor, then the
Company shall not indemnify the Indemnitee for any judgment, fines, or amounts paid in settlement to the Company in connection with such Proceeding. 

(d) Indemnification for Expenses of a Party Who is Wholly or Partly Successful. Notwithstanding any other provision of this Agreement,
to the extent that Indemnitee is, by reason of his Corporate Status, a party to and is successful, on the merits or otherwise, in any Proceeding, he shall be indemnified to the maximum extent permitted by law, as such may be amended from time to
time, against all Expenses actually and reasonably incurred by him or on his behalf in connection with the defense of such Proceeding. If Indemnitee is not wholly successful in such Proceeding but is successful, on the merits or otherwise, as to one
or more but less than all claims, issues or matters in such Proceeding (including dismissal without prejudice of certain claims), the Company shall indemnify Indemnitee against all Expenses actually and reasonably incurred by him or on his behalf in
defending each successfully resolved claim, issue or matter. To the extent the Indemnitee has been successful, on the merits or otherwise, in defending any Proceeding, or in defending any claim, issue, or matter therein, the Indemnitee shall be
entitled to indemnification in connection with such Proceeding or any claim, issue or matter therein, as applicable, as provided in this Section 2(d) regardless of whether the Indemnitee met the standards of conduct set forth in Sections 2(b)
and 2(c) hereof. 
 3. Contribution. To the fullest extent permissible under applicable law, if the indemnification provided for in
this Agreement is unavailable to Indemnitee for any reason whatsoever other than due to statutory limitations of applicable law or the Indemnitee’s failure to meet the standards of conduct set forth in Sections 2(b) and 2(c), the Company, in
lieu of indemnifying Indemnitee, shall contribute to the amount incurred by Indemnitee, by reason of his Corporate Status, for any and all Losses in such proportion as is deemed fair and reasonable in light of all of the circumstances of such
Proceeding in order to reflect (i) the relative benefits received by the Company, on the one hand, and Indemnitee, on the other hand, as a result of the event(s) and/or transaction(s) giving cause to such Proceeding; and/or (ii) the
relative fault of the Company (and its directors, officers, employees and agents), on the one hand, and Indemnitee, on the other hand, in connection with such event(s) and/or transaction(s). 

  
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 4. Settlements. Anything in this Agreement or the Company’s Certificate of
Incorporation or Bylaws to the contrary notwithstanding, the Company shall have no obligation to indemnify the Indemnitee for any amounts paid by or on behalf of the Indemnitee in settlement of any Proceeding, unless the Company has consented in
writing to such settlement, which consent shall not be unreasonably withheld. The Company shall not settle any claim in any manner that would impose any fine or any obligation on the Indemnitee without the Indemnitee’s prior written consent,
which consent shall not be unreasonably withheld. 
 5. Indemnification for Expenses of a Witness. Anything in this Agreement to the
contrary notwithstanding, to the fullest extent permitted by applicable law, to the extent that the Indemnitee, by reason of the Indemnitee’s Corporate Status, is or was, or is or was threatened to be made, a witness in any Proceeding to which
the Indemnitee is not a party, the Indemnitee shall be indemnified against all Expenses actually and reasonably incurred by the Indemnitee or on the Indemnitee’s behalf in connection therewith. To the extent permitted by applicable law, the
Indemnitee shall be entitled to indemnification for Expenses incurred in connection with being or threatened to be made a witness, as provided in this Section 5, regardless of whether the Indemnitee met the standards of conduct set forth in
Sections 2(b) and 2(c) hereof. 
 6. Advancement of Expenses. Anything in this Agreement to the contrary notwithstanding, but subject
to Section 7 hereof, if, by reason of the Indemnitee’s Corporate Status, the Indemnitee is or was, or is or was threatened to be made, a party to, or is or was otherwise involved in, or is or was, or is or was threatened to be made, a
witness to any Proceeding (including, without limitation, a Proceeding brought by or in the right of the Company to procure a judgment in its favor), then the Company shall advance all Expenses actually and reasonably incurred by or on behalf of the
Indemnitee in connection with any such Proceeding in advance of the final disposition of such Proceeding within twenty (20) calendar days after the receipt by the Company of a written request for such advance or advances from time to time. Such
written request shall include or be accompanied by a statement or statements reasonably evidencing the Expenses incurred by or on behalf of the Indemnitee and for which advancement is requested, and shall include or be preceded or accompanied by an
undertaking by or on behalf of the Indemnitee to repay any Expenses advanced if it shall ultimately be determined by final judicial decision from which there is no further right to appeal that the Indemnitee is not entitled to be indemnified against
such Expenses under this Agreement or otherwise. Any advances and undertakings to repay pursuant to this Section 6 shall be unsecured and interest free. The Indemnitee shall be entitled to advancement of Expenses as provided in this
Section 6 regardless of any determination by or on behalf of the Company that the Indemnitee has not met the standards of conduct set forth in Sections 2(b) and 2(c) hereof. 

7. Proceedings Against the Company; Certain Securities Laws Claims. 

(a) Anything in Section 2 or Section 6 hereof to the contrary notwithstanding, except as provided in Section 10 hereof, with
respect to a Proceeding initiated against the Company by the Indemnitee (whether initiated by the Indemnitee in or by reason of such person’s capacity as an officer or director of the Company or in or by reason of any other capacity, including,
without limitation, as an employee or agent of the Company or a director, officer, employee, or agent of Another Enterprise (as hereinafter defined)), the Company shall not be required to indemnify or to advance Expenses to the Indemnitee in
connection with prosecuting such Proceeding (or any part thereof) or in defending any counterclaim, cross-claim, affirmative defense, or like claim of the Company in such Proceeding (or part thereof) unless such Proceeding was authorized by the
Board. For purposes of this Section 7, a compulsory counterclaim by the Indemnitee against the Company in connection with a Proceeding initiated against the Indemnitee by the Company shall not be considered a Proceeding (or part thereof)
initiated against the Company by the Indemnitee, and the Indemnitee shall have all rights of indemnification and advancement with respect to any such compulsory counterclaim in accordance with and subject to the terms of this Agreement. 

  
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 (b) Anything in Section 2 (other than Section 2(d)) or Section 6 hereof to the
contrary notwithstanding, except as provided in Section 2(d) hereof with respect to indemnification of Expenses in connection with whole or partial success on the merits or otherwise in defending any Proceeding, the Company shall not be
required to indemnify the Indemnitee or advance Expenses in connection with any claim made against Indemnitee for (i) an accounting of profits made from the purchase and sale (or sale and purchase) by Indemnitee of securities of the Company
within the meaning of Section 16(b) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”) or similar provisions of state statutory law or common law, or (ii) any reimbursement of the Company by the
Indemnitee of any bonus or other incentive-based or equity-based compensation or of any profits realized by the Indemnitee from the sale of securities of the Company, as required in each case under the Exchange Act (including any such reimbursements
that arise from an accounting restatement of the Company pursuant to Section 304 of the Sarbanes-Oxley Act of 2002 (the “Sarbanes-Oxley Act”), or the payment to the Company of profits arising from the purchase and sale
by Indemnitee of securities in violation of Section 306 of the Sarbanes-Oxley Act). 
 8. Procedures and Presumptions for
Determination of Entitlement to Indemnification. It is the intent of this Agreement to secure for Indemnitee rights of indemnity that are as favorable as may be permitted under the General Corporation Law of the State of Delaware
(“DGCL”) and public policy of the State of Delaware. Accordingly, the parties agree that the following procedures and presumptions shall apply in the event of any question as to whether Indemnitee is entitled to
indemnification under this Agreement: 
 (a) To obtain indemnification under this Agreement, Indemnitee shall submit to the Company
(following the final disposition of the applicable Proceeding) a written request, for indemnification, including therein or therewith, except to the extent previously provided to the Company in connection with a request or requests for advancement
pursuant to Section 6 hereof, a statement or statements reasonably evidencing all Losses incurred or paid by or on behalf of the Indemnitee and for which indemnification is requested. The Secretary of the Company shall, promptly upon receipt of
such a request for indemnification, advise the Board in writing that the Indemnitee has requested indemnification. 
 (b) Upon written
request by Indemnitee for indemnification pursuant to the first sentence of Section 8(a) hereof, if required by applicable law and to the extent not otherwise provided pursuant to the terms of this Agreement, a determination with respect to the
Indemnitee’s entitlement to indemnification shall be made in the specific case as follows: (i) if a Change in Control (as hereinafter defined) shall have occurred and if so requested in writing by the Indemnitee, by Independent Counsel (as
hereinafter defined) in a written opinion to the Board; or (ii) if a Change in Control shall not have occurred (or if a Change in Control shall have occurred but the Indemnitee shall not have requested that indemnification be determined by
Independent Counsel as provided in subpart (i) of this Section 8(b)), (A) by a majority vote of the Disinterested Directors (as hereinafter defined), even though less than a quorum of the Board, or (B) by a committee of
Disinterested Directors designated by majority vote of the Disinterested Directors, even though less than a quorum of the Board, (C) if there are no such Disinterested Directors or, if such Disinterested Directors so direct, by Independent
Counsel in a written opinion to the Board, or (D) by the Company’s stockholders in accordance with applicable law. Notice in writing of any determination as to the Indemnitee’s entitlement to indemnification shall be delivered to the
Indemnitee promptly after such determination is made, and if such determination of entitlement to indemnification has been made by Independent Counsel in a written opinion to the Board, then such notice shall be accompanied by a copy of such written
opinion. If it is determined that the Indemnitee is entitled to indemnification, then payment to the Indemnitee of all amounts to which the Indemnitee is determined to be entitled shall be made within twenty (20) calendar days after such
determination. If it is determined that the Indemnitee is not entitled to indemnification, then the written notice to the Indemnitee (or, if such determination has been made by Independent Counsel in a written opinion, the copy of such written
opinion delivered to the Indemnitee) shall disclose the basis upon which such determination is 

  
 4 

 
based. The Indemnitee shall cooperate with the person, persons, or entity making the determination with respect to the Indemnitee’s entitlement to indemnification, including providing to
such person, persons, or entity upon reasonable advance request any documentation or information that is not privileged or otherwise protected from disclosure and that is reasonably available to the Indemnitee and reasonably necessary to determine
whether and to what extent the Indemnitee is entitled to indemnification. 
 (c) If the determination of entitlement to indemnification is
to be made by Independent Counsel pursuant to Section 8(b) hereof, the Independent Counsel shall be selected as provided in this Section 8(c). If a Change in Control shall not have occurred (or if a Change in Control shall have occurred
but the Indemnitee shall not have requested that indemnification be determined by Independent Counsel as provided in subpart (i) of Section 8(b)), then the Independent Counsel shall be selected by the Board, and the Company shall give
written notice to the Indemnitee advising the Indemnitee of the identity of the Independent Counsel so selected. If a Change in Control shall have occurred and the Indemnitee shall have requested that indemnification be determined by Independent
Counsel, then the Independent Counsel shall be selected by the Indemnitee (unless the Indemnitee shall request that such selection be made by the Board, in which event the preceding sentence shall apply), and the Indemnitee shall give written notice
to the Company advising it of the identity of the Independent Counsel so selected. In either event, the Indemnitee or the Company, as the case may be, may, within ten (10) calendar days after such written notice of selection has been given,
deliver to the Company or to the Indemnitee, as the case may be, a written objection to such selection; provided, however, that such objection may be asserted only on the ground that the law firm or person so selected does not meet the requirements
of “Independent Counsel” as defined in Section 14 of this Agreement, and the objection shall set forth the basis of such assertion. Absent a proper and timely objection, the person so selected shall act as Independent Counsel. If such
written objection is so made and substantiated, the law firm or person so selected may not serve as Independent Counsel unless and until such objection is withdrawn or the Court of Chancery or another court of competent jurisdiction in the State of
Delaware has determined that such objection is without merit. If the determination of entitlement to indemnification is to be made by Independent Counsel pursuant to Section 8(b) hereof and, following the expiration of twenty (20) calendar
days after submission by the Indemnitee of a written request for indemnification pursuant to Section 8(a) hereof, Independent Counsel shall not have been selected, or an objection thereto has been made and not withdrawn, then either the Company
or the Indemnitee may petition the Court of Chancery or other court of competent jurisdiction in the State of Delaware for resolution of any objection that shall have been made by the Company or the Indemnitee to the other’s selection of
Independent Counsel and/or for appointment as Independent Counsel of a law firm or person selected by such court (or selected by such person as the court shall designate), and the law firm or person with respect to whom all objections are so
resolved or the law firm or person so appointed shall act as Independent Counsel under Section 8(b) hereof. Upon the due commencement of any judicial proceeding pursuant to Section 10(a) of this Agreement, Independent Counsel shall be
discharged and relieved of any further responsibility in such capacity (subject to the applicable standards of professional conduct then prevailing). If the determination of entitlement to indemnification is to be made by Independent Counsel
pursuant to Section 8(b) hereof, then the Company shall engage, and be responsible for the reasonable fees and Expenses of, such Independent Counsel. 

9. Burden of Proof; Defenses; and Presumptions. 

(a) In any judicial proceeding pursuant to Section 10 hereof brought by the Indemnitee to enforce rights to indemnification or to an
advancement of Expenses hereunder, or in any action, suit, or proceeding brought by the Company to recover an advancement of Expenses (whether pursuant to the terms of an undertaking or otherwise), the burden shall be on the Company to prove that
the Indemnitee is not entitled to be indemnified, or to such an advancement of Expenses, as the case may be. 

  
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 (b) It shall be a defense in any judicial proceeding pursuant to Section 10 hereof to
enforce rights to indemnification under Section 2(b) or Section 2(c) hereof (but not in any judicial proceeding pursuant to Section 10 hereof to enforce a right to an advancement of Expenses under Section 6 hereof) that the
Indemnitee has not met the standards of conduct set forth in Section 2(b) or Section 2(c), as the case may be, but the burden of proving such defense shall be on the Company. With respect to any judicial proceeding pursuant to
Section 10 hereof brought by the Indemnitee to enforce a right to indemnification hereunder, or any action, suit, or proceeding brought by the Company to recover an advancement of Expenses (whether pursuant to the terms of an undertaking or
otherwise), neither (i) the failure of the Company (including by its directors or Independent Counsel) to have made a determination prior to the commencement of such action, suit, or proceeding that indemnification is proper in the
circumstances because the Indemnitee has met the applicable standards of conduct, nor (ii) an actual determination by the Company (including by the Board or Independent Counsel) that the Indemnitee has not met such applicable standards of
conduct, shall create a presumption that the Indemnitee has not met the applicable standards of conduct or, in the case of a judicial proceeding pursuant to Section 10 hereof brought by the Indemnitee seeking to enforce a right to
indemnification, be a defense to such proceeding. 
 (c) Indemnitee shall be deemed to have acted in good faith if Indemnitee’s action
is based on the records or books of account of the Company or Other Enterprise (as hereinafter defined), including financial statements, or on information supplied to Indemnitee by the officers of the Company or Other Enterprise in the course of
their duties, or on the advice of legal counsel for the Company or Other Enterprise or on information or records given or reports made to the Company or Other Enterprise by an independent certified public accountant or by an appraiser or other
expert selected with reasonable care by the Company or Other Enterprise. In addition, the knowledge and/or actions, or failure to act, of any director, officer, agent or employee of the Company or Other Enterprise shall not be imputed to Indemnitee
for purposes of determining the right to indemnification under this Agreement. The provisions of this Section 9(c) shall not be deemed to be exclusive or to limit in any way the other circumstances in which the Indemnitee may be deemed or found
to have met the applicable standard of conduct set forth in this Agreement. 
 (d) The termination of any Proceeding or of any claim, issue
or matter therein, by judgment, order, settlement or conviction, or upon a plea of nolo contendere or its equivalent, shall not (except as otherwise expressly provided in this Agreement) of itself adversely affect the right of Indemnitee to
indemnification or create a presumption that Indemnitee did not act in good faith and in a manner which he reasonably believed to be in or not opposed to the best interests of the Company or, with respect to any criminal Proceeding, that Indemnitee
had reasonable cause to believe that his conduct was unlawful. 
 10. Remedies of Indemnitee. 

(a) In the event that (i) a determination is made pursuant to Section 8 of this Agreement that Indemnitee is not entitled to
indemnification under this Agreement, (ii) advancement of Expenses is not timely made pursuant to Section 6 of this Agreement, (iii) except when the determination of entitlement to indemnification is to be made by Independent Counsel
pursuant to Section 8(b) hereof, no determination of entitlement to indemnification shall have been made pursuant to Section 8(b) of this Agreement within sixty (60) calendar days after receipt by the Company of the Indemnitee’s
written request for indemnification, (iv) under circumstances in which the determination of entitlement to indemnification is to be made by Independent Counsel pursuant to Section 8(b) hereof, no determination of entitlement to
indemnification shall have been made pursuant to Section 8(b) hereof within eighty (80) calendar days after receipt by the Company of the Indemnitee’s written request for indemnification (unless an objection to the selection of such
Independent Counsel has been made and substantiated and not withdrawn, in which case the applicable time period shall be seventy (70) calendar days after the Court of Chancery or another court of competent jurisdiction in the State of Delaware
(or such person 

  
 6 

 
appointed by such court to make such determination) has determined or appointed the person to act as Independent Counsel pursuant to Section 8(b) hereof), (v) payment of indemnification
is not made pursuant to Section 2(d) or Section 5 of this Agreement within twenty (20) calendar days after receipt by the Company of a written request therefor, or (vi) payment of indemnification pursuant to Section 2(b) or
Section 2(c) of this Agreement is not made within twenty (20) calendar days after a determination has been made pursuant to Section 8(b) that the Indemnitee is entitled to indemnification, then the Indemnitee shall be entitled to seek
an adjudication by the Court of Chancery of the Indemnitee’s entitlement to such indemnification or advancement of Expenses. The Indemnitee shall commence such proceeding seeking an adjudication within one hundred eighty (180) calendar
days following the date on which the Indemnitee first has the right to commence such proceeding pursuant to this Section 10(a); provided, however, that the foregoing clause shall not apply in respect of a proceeding brought by the Indemnitee to
enforce his or her rights to indemnification under Section 2(d) of this Agreement. 
 (b) In the event that a determination shall have
been made pursuant to Section 8(b) of this Agreement that Indemnitee is not entitled to indemnification, any judicial proceeding commenced pursuant to this Section 10 shall be conducted in all respects as a de novo trial on the merits, and
Indemnitee shall not be prejudiced by reason of the adverse determination under Section 8(b). 
 (c) If a determination shall have been
made pursuant to Section 8(b) of this Agreement that Indemnitee is entitled to indemnification, the Company shall be bound by such determination in any judicial proceeding commenced pursuant to this Section 10, absent (i) a
misstatement or misrepresentation by the Indemnitee (or anyone acting on the Indemnitee’s behalf) of a material fact, or an omission of a material fact necessary to make the Indemnitee’s statement (or statements of persons acting on behalf
of the Indemnitee) not materially misleading, in connection with the request for indemnification or in connection with the provision of information or documentation pursuant to the last sentence of Section 8(b), or (ii) a prohibition of
such indemnification under applicable law. 
 (d) In the event that Indemnitee, pursuant to this Section 10, seeks a judicial
adjudication of his rights under, or to recover damages for breach of, this Agreement then the Indemnitee shall be entitled to recover from the Company, and shall be indemnified by the Company against, any and all Expenses actually and reasonably
incurred by or on behalf of such Indemnitee in such judicial adjudication, but only if (and only to the extent) the Indemnitee prevails therein. If it shall be determined in said judicial adjudication that the Indemnitee is entitled to receive part
but not all of the indemnification or advancement of Expenses sought, the Expenses incurred by the Indemnitee in connection with such judicial adjudication shall be appropriately prorated. 

11. Non-Exclusivity; Insurance; Primacy of Indemnification; Subrogation. 

(a) Except to the extent expressly provided herein, and only to such extent, the rights of indemnification and to receive advancement of
Expenses as provided by this Agreement shall not be deemed exclusive of any other rights to which Indemnitee may at any time be entitled under applicable law, the Company’s Certificate of Incorporation, the Company’s Bylaws, any agreement,
a vote of stockholders, a resolution of directors of the Company or otherwise, both as to action in or by reason of the Indemnitee’s Corporate Status and as to action in or by reason of any other capacity of the Indemnitee while serving as a
director or officer of the Company. No right or remedy herein conferred is intended to be exclusive of any other right or remedy, and every other right and remedy shall be cumulative and in addition to every other right and remedy given hereunder or
now or hereafter existing at law or in equity or otherwise; provided that, in no event shall Indemnitee be entitled to duplication of payments in respect of any Losses or the advancement of any Expenses. In the event of any change after the date of
this Agreement in any applicable law, statute, or rule that expands the power of a Delaware 

  
 7 

 
corporation to indemnify a member of its board of directors or an officer, employee, agent, or fiduciary, it is the intent of the parties hereto that Indemnitee shall enjoy by this Agreement the
greatest benefits afforded by such change. Anything in this Section 11 to the contrary notwithstanding, to the extent the time periods specified in Section 6 and Section 10(a) hereof with respect to the time at which the Indemnitee
shall be entitled to seek an adjudication as to the Indemnitee’s entitlement to indemnification or advancement differ from similar time periods specified in the Company’s Certificate of Incorporation or Bylaws, the time periods set forth
in Section 6 and Section 10(a) hereof shall control and be binding on the Indemnitee and the Company and shall be deemed a waiver of any contrary right specified in the Company’s Certificate of Incorporation or Bylaws. The assertion
or employment of any right or remedy hereunder, or otherwise, shall not prevent the concurrent assertion or employment of any other right or remedy. 

(b) To the extent that the Company maintains an insurance policy or policies providing liability insurance for directors, officers, employees,
or agents of the Company or Another Enterprise, Indemnitee shall be covered by such policy or policies in accordance with its or their terms to the maximum extent of the coverage available for any such director, officer, employee or agent under such
policy or policies. If, at the time of the receipt of a notice of a claim pursuant to the terms hereof, the Company has directors’ and officers’ liability insurance in effect, the Company shall give prompt notice of the commencement of
such proceeding to the insurers in accordance with the procedures set forth in the respective policies. The Company shall thereafter take all necessary or desirable action to cause such insurers to pay, on behalf of the Indemnitee, all amounts
payable as a result of such proceeding in accordance with the terms of such policies. To the extent that the Company maintains an insurance policy or policies providing liability insurance for directors, officers, employees, or agents of the Company
or Another Enterprise, the provision of directors’ and officers’ liability insurance as provided in this Section 11(b) shall be in addition to the Company’s obligations under Sections 2 and 6 hereof and shall not be deemed to be
in satisfaction of those obligations. 
 (c) In the event of any payment under this Agreement, the Company shall be subrogated to the extent
of such payment to all of the rights of recovery of Indemnitee who shall execute all papers required and take all action necessary to secure such rights, including execution of such documents as are necessary to enable the Company to bring suit to
enforce such rights. 
 (d) Except to the extent required by applicable law and notwithstanding anything to the contrary set forth in this
Agreement, the Company shall not be liable under this Agreement to make any payment to Indemnitee with respect to amounts otherwise indemnifiable hereunder (or for which advancement is otherwise provided hereunder) if and to the extent that the
Indemnitee has otherwise actually received such payment under any insurance policy, contract, agreement, the Company’s Certificate of Incorporation or Bylaws, or otherwise. Nothing hereunder is intended to affect any right of contribution of or
against the Company in the event the Company and any other person or persons have co-equal obligations to indemnify or advance Expenses to Indemnitee. 

(e) Notwithstanding anything to the contrary set forth in this Agreement, the Company’s obligation to indemnify or advance Expenses
hereunder to the Indemnitee who is or was serving at the request of the Company as a director, officer, employee or agent of any other corporation, partnership, joint venture, trust, employee benefit plan or other enterprise shall be reduced by any
amount Indemnitee has actually received as indemnification or advancement of Expenses from such other corporation, partnership, joint venture, trust, employee benefit plan or other enterprise with respect to the Proceeding for which indemnification
or advancement of Expenses is sought. 

  
 8 

 12. Survival of Rights; Binding Effect; Successors and Assigns. 

(a) The indemnification and advancement of Expenses and other rights provided by, or granted pursuant to, this Agreement shall continue during
the period that the Indemnitee is a director or officer of the Company and shall continue through and after the Termination Date (as hereinafter defined) so long as Indemnitee shall be subject to any Proceeding (including any appeal thereto), by
reason of Indemnitee’s Corporate Status, with respect to claims arising from any action taken or omitted (or that are alleged to have been taken or omitted) by the Indemnitee, or from any facts or events that occurred (or that are alleged to
have occurred), on or before the Termination Date, and shall further continue for such period of time following the conclusion of any such Proceeding as may be reasonably necessary for Indemnitee to enforce rights and remedies pursuant to this
Agreement as provided in Section 10 of this Agreement. 
 (b) This Agreement shall be binding upon the Indemnitee and upon the Company
and its successors and assigns, and shall inure to the benefit of the Indemnitee, the Indemnitee’s heirs, personal representatives, executors, administrators, and assigns and to the benefit of the Company and its successors and assigns. 

(c) The Company further agrees that in the event the Company or any of its successors or assigns (i) consolidates with or merges into any
other corporation or entity and shall not be the continuing or surviving corporation or entity of such consolidation or merger or (ii) transfers or conveys all or substantially all of its properties and assets to any corporation or entity,
then, and in each such case, to the extent necessary, proper provision shall be made so that the successors and assigns of the Company as a result of such transaction assume the obligations of the Company set forth in this Agreement, including,
without limitations, the requirements with respect to directors’ and officers’ liability insurance set forth in Section 11. 

13. Enforcement. 
 (a) The
Company expressly acknowledges, confirms, and agrees that it has entered into this Agreement and has assumed the obligations imposed on the Company hereby in order to induce the Indemnitee to serve or continue to serve as a director or officer of
the Company, and the Company acknowledges that the Indemnitee is relying upon this Agreement in serving and continuing to serve in such capacity. In addition, the Company and Indemnitee acknowledge that in certain instances, federal law or
applicable public policy may prohibit the Company from indemnifying its directors, officers, employees, agents or fiduciaries under this Agreement or otherwise. Indemnitee understands and acknowledges that the Company may be required in the future
to undertake with the Securities and Exchange Commission to submit the question of indemnification to a court in certain circumstances for a determination of the Company’s rights under public policy to indemnify Indemnitee. 

(b) This Agreement constitutes the entire agreement between the parties hereto with respect to the subject matter hereof and supersedes all
prior agreements and understandings, oral, written and implied, between the parties hereto with respect to the subject matter hereof. 
 14.
Definitions. For purposes of this Agreement: 
 (a) “Another Enterprise,” and “Other
Enterprise” refer to a corporation, partnership, limited liability company, joint venture, trust, employee benefit plan, or any other form of enterprise, other than the Company, that Indemnitee is or was serving at the request of the
Company as a director, officer, partner, trustee, member, employee, agent or fiduciary. 
 (b) “Change in Control”
means, and shall be deemed to have occurred if, (i) any “person” (as such term is used in Sections 13(d) and 14(d) of the Exchange Act), other than a trustee or other fiduciary holding securities under an employee benefit plan of the
Company acting in such capacity or a corporation owned directly or indirectly by the stockholders of the Company in substantially the same proportions as their ownership of stock of the Company, becomes the “beneficial owner” (as

  
 9 

 
defined in Rule 13d-3 under the Exchange Act), directly or indirectly, of securities of the Company representing more than fifty percent (50%) of the total voting power represented by the
Company’s then outstanding voting stock, (ii) during any period of two (2) consecutive years (not including any period prior to the execution of this Agreement), individuals who at the beginning of such period constitute the Board and
any new director whose election by the Board or nomination for election by the Company’s stockholders was approved by a vote of at least a majority of the directors then still in office who either were directors at the beginning of the period
or whose election or nomination for election was previously so approved, cease for any reason to constitute a majority thereof, (iii) the stockholders of the Company approve a merger or consolidation of the Company with any other corporation
other than a merger or consolidation that would result in the voting stock of the Company outstanding immediately prior thereto continuing to represent (either by remaining outstanding or by being converted into voting stock of the surviving entity)
at least fifty percent (50%) of the total voting power represented by the voting stock of the Company or such surviving entity outstanding immediately after such merger or consolidation, or (iv) the stockholders of the Company approve a
plan of complete liquidation of the Company or an agreement for the sale or disposition by the Company (in one transaction or a series of related transactions) of all or substantially all of the Company’s assets. 

(c) “Corporate Status” describes (1) the Indemnitee’s status as a present or former director or officer of
the Company, (2) the Indemnitee’s present or former status, at any time while serving as a director or officer of the Company, as a director, officer, employee, agent, or fiduciary of Another Enterprise to the extent the Indemnitee is or
was serving in such capacity with respect to such Other Enterprise at the request of Company, and (3) the Indemnitee’s present or former status as a director, officer, employee, agent, or fiduciary of Another Enterprise to the extent the
Indemnitee served in such capacity with respect to such Other Enterprise while serving as a director or officer of the Company, continued serving in such capacity with respect to such Other Enterprise after ceasing to be a director or officer of the
Company, and is or was serving in such capacity with respect to such Other Enterprise at the request of Company. 
 (d)
“Disinterested Director” means a director of the Company who is not and was not a party to the Proceeding in respect of which indemnification is sought by Indemnitee. 

(e) “Expenses” includes, without limitation, reasonable attorneys’ fees; retainers; disbursements of counsel;
court costs; filing fees; transcript costs; fees and expenses of experts; fees and expenses of witnesses; fees and expenses of accountants and other consultants (excluding public relations consultants unless approved in advance by the Company);
travel expenses; duplicating and imaging costs; printing and binding costs; telephone charges; facsimile transmission charges; computer legal research costs; postage; delivery service fees; fees and expenses of third-party vendors; the premium,
security for, and other costs associated with any bond (including supersedeas or appeal bonds, injunction bonds, cost bonds, appraisal bonds or their equivalents), in each case incurred in connection with prosecuting, defending, preparing to
prosecute or defend, investigating, being or preparing to be a witness in, or otherwise participating in, a Proceeding (including, without limitation, any judicial Proceeding brought to enforce the Indemnitee’s rights under, or to recover
damages for breach of, this Agreement), as well as all other “expenses” within the meaning of that term as used in Section 145 of the DGCL and all other disbursements or expenses of types customarily and reasonably incurred in
connection with prosecuting, defending, preparing to prosecute or defend, investigating, being or preparing to be a witness in, or otherwise participating in, actions, suits, or proceedings similar to or of the same type as the Proceeding with
respect to which such disbursements or expenses were incurred; but, notwithstanding anything in the foregoing to the contrary, “Expenses” shall not include amounts paid in settlement by Indemnitee (except for amounts paid with the consent
of the Company pursuant to Section 4 hereof) or amounts of judgments, penalties, or fines actually levied against the Indemnitee in connection with any Proceeding. 

  
 10 

 (f) “Independent Counsel” means a law firm, or a member of a law firm,
that is experienced in matters of corporation law and neither presently is, nor in the past five (5) years has been, retained to represent: (i) the Company or the Indemnitee in any matter material to either such party (other than with
respect to serving as Independent Counsel (or similar independent legal counsel position) as to matters concerning the rights of Indemnitee under this Agreement, the rights of other indemnitees under similar indemnification agreements, or the rights
of Indemnitee or other indemnitees to indemnification under the Company’s Certificate of Incorporation or Bylaws), or (ii) any other party to the Proceeding giving rise to a claim for indemnification hereunder. Notwithstanding the
foregoing, the term “Independent Counsel” shall not include any law firm or person who, under the applicable standards of professional conduct then prevailing, would have a conflict of interest in representing either the Company or the
Indemnitee in an action to determine the Indemnitee’s rights under this Agreement. For the avoidance of doubt, the term “Independent Counsel” shall not include any law firm or person who represented or advised any entity or person in
connection with a Change in Control of the Company. 
 (g) “Losses” means, without duplication, all Expenses,
judgments, penalties, fines, liabilities, and amounts paid in settlement in connection with a Proceeding. 
 (h)
“Proceeding” includes any threatened, pending or completed action, suit, arbitration, alternate dispute resolution mechanism, investigation (including any internal investigation), inquiry, administrative hearing or any other
actual, threatened or completed proceeding, whether brought by or in the right of the Company or otherwise and whether civil, criminal, administrative or investigative. 

(i) “Termination Date” shall mean the date on which the Indemnitee is no longer a director or officer of the Company;
provided, however, that if (1) the Indemnitee continues to serve as a director, officer, employee, agent, or fiduciary of Another Enterprise after the date on which the Indemnitee is no longer a director or officer of the Company, (2) the
Indemnitee is serving in such capacity with respect to such Other Enterprise at the request of the Company, and (3) the Indemnitee served in such capacity with respect to such Other Enterprise while serving as a director or officer of the
Company, then “Termination Date” shall mean such later date after the Indemnitee is no longer a director or officer of the Company on which the Indemnitee is no longer serving in such capacity with respect to such Other Enterprise. 

(j) References herein to “fines” shall include any excise tax assessed with respect to any employee benefit plan. 

(k) References herein to a director of Another Enterprise or a director of an Other Enterprise shall include, in the case of any entity that
is not managed by a board of directors, such other position, such as manager or trustee or member of the governing body of such entity, that entails responsibility for the management and direction of such entity’s affairs, including, without
limitation, the general partner of any partnership (general or limited) and the manager or managing member of any limited liability company. 

(l) (i) References herein to serving at the request of the Company as a director, officer, employee, agent, or fiduciary of Another Enterprise
shall include any service as a director, officer, employee, or agent of the Company that imposes duties on, or involves services by, such director or officer with respect to an employee benefit plan of the Company or any of its affiliates, other
than solely as a participant or beneficiary of such a plan; and (ii) if the Indemnitee has acted in good faith and in a manner such the Indemnitee reasonably believed to be in the interest of the participants and beneficiaries of an employee
benefit plan, the Indemnitee shall be deemed to have acted in a manner not opposed to the best interests of the Company for purposes of this Agreement. 

  
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 15. Severability. If any provision or provisions of this Agreement shall be held to be
invalid, illegal, or unenforceable for any reason whatsoever: (a) the validity, legality, and enforceability of the remaining provisions of this Agreement (including without limitation, each portion of any section of this Agreement containing
any such provision held to be invalid, illegal, or unenforceable, that is not itself invalid, illegal, or unenforceable) shall not in any way be affected or impaired thereby and shall remain enforceable to the fullest extent permitted by law;
(b) such provision or provisions shall be deemed reformed to the extent necessary to conform to applicable law and to give the maximum effect to the intent of the parties hereto; and (c) to the fullest extent possible, the provisions of
this Agreement (including, without limitation, each portion of any section of this Agreement containing any such provision held to be invalid, illegal, or unenforceable, that it not itself invalid, illegal, or unenforceable) shall be construed so as
to give effect to the intent manifested thereby. 
 16. Modification and Waiver. 

(a) No amendment, modification, supplementation, or repeal of this Agreement shall be binding unless executed in writing by both of the
parties hereto. No waiver of any of the provisions of this Agreement shall be deemed or shall constitute a waiver of any other provisions hereof (whether or not similar) nor shall such waiver constitute a continuing waiver. 

(b) No amendment, modification, supplementation, or repeal of this Agreement or of any provision hereof shall limit or restrict any rights of
the Indemnitee under this Agreement in respect of any action taken or omitted by the Indemnitee in or by reason of the Indemnitee’s Corporate Status prior to such amendment, modification, supplementation, or repeal. 

17. Notice By Indemnitee. Indemnitee agrees promptly to notify the Company in writing upon being served with or otherwise receiving any
summons, citation, subpoena, complaint, indictment, information or other document relating to any Proceeding or matter which may be subject to indemnification or advancement of Expenses covered hereunder. The failure to so notify the Company shall
not relieve the Company of any obligation which it may have to Indemnitee under this Agreement or otherwise unless and only to the extent that such failure or delay materially prejudices the Company. 

18. Notices. All notices, requests, demands and other communications given or made pursuant to this Agreement shall be in writing and
shall be deemed effectively given: (a) upon personal delivery to the party to be notified, (b) when sent by confirmed electronic mail or facsimile if sent during normal business hours of the recipient, and if not so confirmed, then on the
next business day, (c) five (5) days after having been sent by registered or certified mail, return receipt requested, postage prepaid, or (d) one (1) day after deposit with a nationally recognized overnight courier, specifying
next day delivery, with written verification of receipt. All communications shall be sent: 
  

	 	(a)	To Indemnitee at the address set forth below Indemnitee’s signature hereto. 

  

	 	(b)	To the Company at: 

 VCA Inc. 

12401 West Olympic Boulevard 

Los Angeles, California 90064-1022 

Attention: Robert L. Antin – Chief Executive Officer and President 

Facsimile: [●] 
 Email:
ba.antin@vca.com 

  
 12 

 or to such other address as may have been furnished to Indemnitee by the Company or to the Company by Indemnitee,
as the case may be. 
 19. Counterparts. This Agreement may be executed in two (2) or more counterparts, each of which shall be
deemed an original, but all of which together shall constitute one and the same Agreement. This Agreement may also be executed and delivered by facsimile signature, or signature received as a .pdf attachment to electronic mail, and in two
(2) or more counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument. 

20. Headings. The headings of the paragraphs of this Agreement are inserted for convenience only and shall not be deemed to constitute
part of this Agreement or to affect the construction thereof. 
 21. Governing Law and Consent to Jurisdiction. 

(a) This Agreement and the legal relations among the parties shall be governed by, and construed and enforced in accordance with, the laws of
the State of Delaware, without regard to its conflict of laws rules. 
 (b) Except to the extent permitted by Section 2(c) hereof with
respect to a determination by a court in which an underlying Proceeding was brought that the Indemnitee is entitled to indemnification of Expenses notwithstanding an adjudication of liability to the Company, the Company and the Indemnitee each
hereby irrevocably and unconditionally (i) agrees and consents to the jurisdiction of the courts of the State of Delaware for all purposes in connection with any action, suit, or proceeding that arises out of or relates to this Agreement and
agrees that any such action instituted under this Agreement shall be brought only in the Court of Chancery (or in any other state court of the State of Delaware if the Court of Chancery does not have subject matter jurisdiction over such action),
and not in any other state or federal court in the United States of America or any court or tribunal in any other country; (ii) consents to submit to the exclusive jurisdiction of the courts of the State of Delaware for purposes of any action
or proceeding arising out of or in connection with this Agreement; (iii) waives any objection to the laying of venue of any such action or proceeding in the courts of the State of Delaware; and (iv) waives, and agrees not to plead or to
make, any claim that any such action or proceeding brought in the courts of the State of Delaware has been brought in an improper or otherwise inconvenient forum. 

(c) Each of the Company and the Indemnitee hereby consents to service of any summons and complaint and any other process that may be served in
any action, suit, or proceeding arising out of or relating to this Agreement in any court of the State of Delaware by mailing by certified or registered mail, with postage prepaid, copies of such process to such party at its address for receiving
notice pursuant to Section 18 hereof. Nothing herein shall preclude service of process by any other means permitted by applicable law. 

22. Nature of Agreement. This Agreement shall not be deemed an employment contract between the Company and the Indemnitee, and, if
Indemnitee is an officer or employee of the Company, Indemnitee specifically acknowledges that Indemnitee may be discharged as an officer or employee of the Company at any time for any reason, with or without cause, and with or without severance
compensation, except as may be otherwise provided in a separate written contract between the Company and the Indemnitee. 
 [Signature
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 13 

 IN WITNESS WHEREOF, the parties hereto have executed this Indemnification Agreement on and as of
the day and year first above written. 
  

			
	COMPANY
	
	VCA INC.
		
	By:	 	  

		 	Name:
		 	Title:

 Signature Page to Indemnification Agreement 

 
					
	INDEMNITEE
	
	  
 Name:
[•]

	
	Address:
	  

	  

	  

	  

			
	 Facsimile:
	 	  
	 	

 
					
	 Email:
	 	  
	 	

 Signature Page to Indemnification Agreement

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