Document:

c57321_ex10-4.htm -- Converted by SEC Publisher, created by BCL Technologies Inc., for SEC Filing

Exhibit 10.4 

WORLD SERIES OF GOLF, INC. 

2009 STOCK INCENTIVE PLAN 

INCENTIVE STOCK OPTION GRANT AGREEMENT 

     This Grant Agreement (the "Agreement") is entered into as of ___________ by and between World
Series of Golf, Inc. (the "Corporation"), a Nevada Corporation, and ___________ ("Grantee"). 

ARTICLE 1 

GRANT OF OPTION 

     Section 1.1 Grant of Options. Subject to the provisions of the Agreement, and pursuant to the provisions of the World Series of Golf, Inc. 2009 Stock
Incentive Plan (the "Plan"), Corporation hereby grants to Grantee, as of the Grant Date specified in Attachment A, an Incentive Stock Option (the "Option") to purchase all or any part of the number and class of shares of Common Stock set forth on
Attachment A at the exercise price per share ("Option Price") set forth on Attachment A. It is intended that the entire Option qualify as an "incentive stock option" under Section 422 of the Internal Revenue Code of 1986, as amended (the "Code"),
and to the extent that all or any portion of the Option does not so qualify, the Option shall be treated as a non-qualified stock option. 

     Section 1.2 Term of Options. Unless the Option granted pursuant to Section 1.1 terminates earlier pursuant to other provisions of the Agreement, including
the expiration date specified in Attachment A, the Option shall expire on the expiration date set forth on Attachment A hereto, but in no event later than the tenth (10th) anniversary of its Grant Date. 

ARTICLE 2 

VESTING 

     Section 2.1 Vesting Schedule. Subject to the further provision of this Agreement, and unless the Option has earlier terminated pursuant to the provisions
of the Agreement, Grantee shall become vested on the dates specified on Attachment A in a portion of the Option with respect to a percentage or number of the underlying shares in accordance with the vesting schedule specified on Attachment A;
provided that Grantee shall have been in the continuous employ of the Corporation from the Grant Date through any such date. 

ARTICLE 3 

EXERCISE OF OPTION 

     Section 3.1 Exercisability of Option. No portion of the Option granted to Grantee shall be exercisable by Grantee prior to the time such portion of the
Option has vested. 

     Section 3.2 Manner of Exercise. The Option may be exercised, in whole or in part, by delivering written notice to the Committee or any designee of the
Committee. Such notice shall specify the number of shares of Common Stock subject to the Option as to which the Option is being exercised, and shall be accompanied by full payment of the Option Price of the shares of Common Stock as to which the
Option is being exercised. Payment of the Option Price shall be made in cash (or cash equivalents acceptable to the Committee in the Committee's discretion). In the Committee's sole and absolute discretion, the Committee may authorize payment of the
Option Price to be made, in whole or in part, by such other means as the Committee may prescribe. The Option may be exercised only in multiples of whole shares and no partial shares shall be issued. Notwithstanding anything to the contrary herein,
the minimum number of shares that may be purchased upon an exercise of the Option is the lesser of 100 shares or the number of shares subject to the vested portion of the Option. 

     Section 3.3 Issuance of Shares and Payment of Cash upon Exercise. Upon exercise of the Option, in whole or in part, in accordance with the terms of the
Agreement and upon payment of the Option Price for the shares of Common Stock as to which the Option is exercised, the Corporation shall issue to Grantee or, in the event of Grantee's death, to Grantee's executor, personal representative or the
person to whom the Option shall have been transferred by will or the laws of descent and distribution, as the case may be, the number of shares of Common Stock so paid for, in the form of fully paid and nonassessable Common Stock. The stock
certificates for any shares of Common Stock issued hereunder shall, unless such shares are registered or an exemption from registration is available under applicable federal and state law, bear a legend restricting transferability of such shares.

ARTICLE 4 

TERMINATION OF EMPLOYMENT 

     Section 4.1 Unvested Portion. Subject to the further provision of this Agreement, and unless the Option has earlier terminated pursuant to the provisions
of this Agreement, the unvested portion of the Option shall terminate upon termination of Grantee's employment with the Corporation and all of the Corporation’s subsidiaries for any reason.

     Section 4.2 Termination of Employment For Cause by the Corporation or Voluntarily by Grantee Other Than Termination of
Employment by Death or Disability. Unless the Option has earlier terminated pursuant to the provisions of this Agreement, the vested portion of the Option shall terminate upon termination of Grantee's employment
with the Corporation and all of the Corporation’s subsidiaries for cause by the Corporation or voluntarily by the Grantee other than termination of employment by death or disability. 

     Section 4.3 Termination of Employment Involuntarily by the Corporation. Unless the Option has earlier terminated pursuant to the provisions of this
Agreement, the vested portion of the Option granted to Grantee shall terminate in its entirety, regardless of whether the Option is vested in whole or in part, at the end of the stated term of the Option. Grantee may exercise all or any part of the
Option that was vested as of the 

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date of termination (including any part of the Option as to which vesting was accelerated by, or in connection with, such termination) after the date of termination but no later than the earlier of ninety (90) days following
such date of termination (the “Ninety Day Period”) or the end of the stated term of the Option.

     Section 4.4 Upon Grantee's Death. Unless the Option has earlier terminated pursuant to the provisions of the Agreement, upon Grantee's death, Grantee's
executor, personal representative or the person to whom the Option shall have been transferred by will or the laws of descent and distribution, as the case may be, may exercise all or any part of the Option that was vested as of the date of death no
later than the earlier of twelve (12) months following such date of termination (the “Twelve Month Period”) or the end of the stated term of the Option.

     Section 4.5 Termination of Employment by Reason of Disability. Unless the Option has earlier terminated pursuant to the provisions of the Agreement, in the
event that Grantee ceases, by reason of Disability, to be an employee of the Corporation, all or any part of the Option that was vested as of the date of termination of employment may be exercised in whole or in part at any time until the earlier of
the end of the Twelve Month Period or the end of the stated term of the Option. For purposes of this Agreement, Disability shall be as defined in Code Section 22(e)(3) and shall be determined by the Committee, with its determination on the matter
being final and binding.

ARTICLE 5 

MISCELLANEOUS 

     Section 5.1 Non-Guarantee of Employment. Nothing in the Plan or the Agreement shall be construed as a contract of employment between the Corporation (or
any affiliate) and Grantee, or as a contractual right of Grantee to continue in the employ of the Corporation or an affiliate, or as a limitation of the right of the Corporation or an affiliate to discharge Grantee at any time. 

     Section 5.2 No Rights of Stockholder. Grantee shall not have any of the rights of a stockholder with respect to the shares of Common Stock that may be
issued upon the exercise of the Option until such shares of Common Stock have been issued to him upon the due exercise of the Option. 

     Section 5.3 Withholding of Taxes. The Corporation or any affiliate shall have the right to deduct from any compensation or any other payment of any kind
(including withholding the issuance of shares of Common Stock) due Grantee the amount of any federal, state or local taxes required by law to be withheld as the result of the exercise of the Option; provided, however, that the value of the shares of
Common Stock withheld may not exceed the statutory minimum withholding amount required by law. In lieu of such deduction, the Committee may require Grantee to make a cash payment to the Corporation or an affiliate equal to the amount required to be
withheld. If Grantee does not make such payment when requested, the Corporation may refuse to issue any 

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Common Stock certificate under the Plan until arrangements satisfactory to the Committee for such payment have been made. 

     Section 5.4 Nontransferability of Option. Other than by will or the laws of descent and distribution, the Option shall be nontransferable. During any
period Grantee is under a legal disability, Grantee's guardian or legal representative may exercise all or any portion of the vested Option on behalf of Grantee. 

     Section 5.5 Notice of Disqualifying Disposition. Grantee agrees to notify the Committee in writing within ten (10) business days after making a
Disqualifying Disposition (as defined below) of any Common Stock acquired pursuant to the exercise of the Option granted hereunder. A Disqualifying Disposition is any disposition (including any sale) of the Common Stock acquired upon the exercise of
the Option before the later of (i) two (2) years after the date Grantee was granted the Option hereunder or (ii) one (1) year after the date Grantee acquired the Common Stock by exercising the Option granted hereunder. If Grantee dies before such
Common Stock is sold, these holding period requirements do not apply and no Disqualifying Disposition can occur thereafter. 

     Section 5.6 Agreement Subject to the Corporation’s Charter and Bylaws. This Agreement is subject to the Charter and Bylaws of the Corporation, and any
applicable Federal or state laws, rules or regulations, including without limitation, the laws, rules, and regulations of the State of Nevada. 

     Section 5.7 Gender. As used herein, the masculine shall include the feminine as the circumstances may require. 

     Section 5.8 Headings. The headings in the Agreement are for reference purposes only and shall not affect the meaning or interpretation of the Agreement.

     Section 5.9 Notices. All notices and other communications made or given pursuant to the Agreement shall be in writing and shall be sufficiently made or
given if hand delivered or mailed by certified mail, addressed to Grantee at the address contained in the records of the Corporation, or addressed to the Committee, care of the Corporation for the attention of its Secretary at its principal office
or, if the receiving party consents in advance, transmitted and received via telecopy or via such other electronic transmission mechanism as may be available to the parties. 

     Section 5.10 Entire Agreement; Modification. This Agreement contains the entire agreement between the parties with respect to the subject matter contained
herein and may not be modified, except as provided in the Plan. 

     Section 5.11 Conformity with Plan. This Agreement is intended to conform in all respects with, and is subject to all applicable provisions of, the Plan,
which is incorporated herein by reference. Unless stated otherwise herein, capitalized terms in this Agreement shall have the same meaning as defined in the Plan. Inconsistencies between this Agreement and the Plan shall be resolved in accordance
with the terms of the Plan provided however that the Option granted pursuant to this Agreement is not 

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transferable by Grantee other than by will or the laws of descent and distribution, and the Option is exercisable during Grantee’s lifetime only by Grantee notwithstanding any provision of the Plan to the contrary. In
the event of any ambiguity in the Agreement or any matters as to which the Agreement is silent, the Plan shall govern including, without limitation, the provisions thereof pursuant to which the Committee has the power, among others, to (i) interpret
the Plan and Grant Agreements related thereto, (ii) prescribe, amend and rescind rules and regulations relating to the Plan, and (iii) make all other determinations deemed necessary or advisable for the administration of the Plan. Grantee
acknowledges by signing this Agreement that he has received and reviewed a copy of the Plan. 

     IN WITNESS WHEREOF, the parties have executed the Agreement as of the date first above written. 

	 	WORLD SERIES OF GOLF,
          INC. 
	 	 	 	 
	 	By: 	 	 
	 	 	Name: 	 
	 	 	Title: 	 
	 	 	 	 
	 	 	 	 
	 	GRANTEE	 
	 	 	 	 
	 	 	 	 
	 	 	[Name]	 
	 	 	[Title]	 

 

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ATTACHMENT A

	 	Grant Date: 	 	 
	 	 	 	 
	 	Number of Options: 	$ _____________("Total
        Shares") 	 
	 	 	 	 
	 	Exercise Price: 	$ _________________
        per share 	 
	 	 	 	 
	 	The exercise price equals the fair market value of the Common Stock on date of grant.	 
	 	 	 	 
	 	Vesting Schedule:	 	 
	 	 	 	 
	 	     Portion
          of Total Shares	Vesting Date	 
	 	 	 	 
	 	     ___________________	___________________	 
	 	 	 	 
	 	     ___________________	___________________	 
	 	 	 	 
	 	     ___________________	___________________	 
	 	 	 	 
	 	 	 	 
	 	     Expiration Date:	___________________c57323_ex10-1.htm -- Converted by SEC Publisher, created by BCL Technologies Inc., for SEC Filing

Exhibit 10.1

AMENDED AND RESTATED 

QUEST DIAGNOSTICS INCORPORATED

LONG-TERM INCENTIVE PLAN FOR 

NON-EMPLOYEE DIRECTORS 

(As amended as of April 15, 2009)

               Section 1.     Purpose. The purpose of the Amended and Restated Quest Diagnostics Incorporated Long-Term Incentive
Plan for Non-Employee Directors is to secure for the Corporation and its stockholders the benefits of the incentive inherent in increased common stock ownership by the members of the Board of Directors who are not employees of the Corporation or any
of its subsidiaries. 

               Section 2.       Definitions. When used herein, the following terms shall have the following meanings: 

               “Administrator” means the Board, or a committee of the Board, duly appointed to administer the Plan. 

               “Board” means the Board of Directors of the Corporation. 

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

               “Common Stock” means ($.01 par value) common stock of the Corporation. 

               “Corporation” means Quest Diagnostics Incorporated, a Delaware corporation. 

               “Effective Date” means the date of approval of the Plan by the holders of stock entitled to vote at the Corporation’s 2005 Annual Meeting of Stockholders. 

               “Exercise Price” means the price per share specified in the Option agreement at which the Participant may purchase Common Stock through the exercise of his/her Option, as the same may be
adjusted in accordance with Section 9. 

               “Fair Market Value” means, as of any date, the mean of the high and low sales price of a share of Common Stock on The New York Stock Exchange Composite list on such date (or if no sale took
place on such exchange on such date, the mean between the high and the low on such exchange on the most recent preceding date on which a sale took place); provided, however, that for the
purposes of Section 7(d), if on the date of exercise of an Option, a Participant sells through a broker designated by the Corporation any of the shares purchased as a result of the exercise of the Option, then the shares shall be valued at the
weighted average sales price of such shares sold on such date as reported to the Corporation by such broker. 

               “Option” means a right granted under the Plan to a Participant to purchase shares of Common Stock. All Options shall be “nonqualified stock options” which are not intended to
qualify as Incentive Stock Options under Section 422 of the Code. 

               “Option Period” means the period within which the Option may be exercised pursuant to the Plan. 

               “Participant” means a member of the Board who is not an employee of Quest Diagnostics Incorporated or any subsidiary thereof. 

               “Plan” means the Amended and Restated Quest Diagnostics Incorporated Long-Term Incentive Plan for Non-Employee Directors. 

               “Stock Awards” means a grant under the Plan to a Participant of shares of Common Stock or of a right to receive shares of Common Stock (or their cash equivalent or a combination of both) in
the future. 

               Section 3.       Administration. The Plan shall be administered by the Administrator who shall establish from time
to time regulations for the administration of the Plan, interpret the Plan, delegate in writing administrative matters to committees of the Board or to other persons, and make such other determinations and take such other action as it deems
necessary or advisable for the administration of the Plan. All decisions, actions and interpretations of the Administrator shall be final, conclusive and binding upon all parties. 

               Section 4.       Participation. All non-employee directors shall automatically be Participants in the Plan.

               Section 5.       Shares Subject to the Plan. The maximum number of shares of Common Stock that may be delivered in
conjunction with grants of Options and Stock Awards shall be 2,000,000, and 2,000,000 shares of Common Stock shall be reserved for this purpose under the Plan (subject to adjustment as provided in Section 9). The shares issued upon the grant of
Stock Awards or exercise of Options may be authorized and unissued shares or shares held in the treasury of the Corporation including shares purchased on the open market by the Corporation (at such time or times and in such manner as it may
determine). The Corporation shall be under no obligation to acquire Common Stock for distribution to Participants before payment in shares of Common Stock is due. To the extent that any Stock Award or Option shall be canceled or expire, new Stock
Awards or Options may thereafter be granted covering the number of shares that had been subject to the forfeited portion of the relevant Stock Award or Option. 

               Section 6.     Grants of Options and Stock Awards.

               (a)       On the Effective Date and on the date of the Annual Meeting of Stockholders of each year commencing on January 1, 2006, the Administrator
may grant 

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to each Participant an Option and/or a Stock Award, in such proportions as the Administrator may determine, covering an aggregate of not more than 20,000 shares of Common Stock. In the event that a Participant is elected as a
director of the Corporation other than on the date of the Annual Meeting of Stockholders, the Administrator may grant to such director, on his/her election, an Option and/or a Stock Award, in such proportions as the Administrator may determine,
covering such number of shares of Common Stock (not to exceed 20,000) that is proportional to the fraction of a year remaining until the next Annual Meeting of Stockholders. In addition, upon a Participant’s initial election as a director of
the Corporation by the Board, the Administrator may make a one-time grant to such Participant of an Option and/or a Stock Award, in such proportions as the Administrator may determine, covering an aggregate of not more than 40,000 shares of Common
Stock. 

               (b)       Each Stock Award shall be earned and vest over such period and shall be governed by such conditions, restrictions and contingencies as the
Administrator shall determine. These may include the achievement of performance goals. 

               (c)       As may be permitted from time to time by the Administrator, each Participant may elect to receive an Option or Stock Award in lieu of the
cash compensation payable to such director in any year. The number of shares of Common Stock underlying the Option available to such director shall be computed using the same option valuation methodology (or any subsequent methodology as may be
adopted by the Corporation) as is used for reporting compensation expense in the Corporation’s financial statements so as to achieve a value equal to the cash compensation that would otherwise have been paid. Any such election shall be
irrevocable and shall be made by December 31, effective for the fees payable during the following year and with an Option being granted on each day on which the fees would otherwise have been payable (generally expected to be the first day of each
calendar quarter). 

               Section 7.       Terms and Conditions of Options. Each Option shall be evidenced by a written agreement, in form
approved by the Administrator and executed by the Chairman of the Board, President, Vice President of Human Resources or Secretary of the Corporation, which shall be subject to the following express terms and conditions and to such other terms and
conditions as the Administrator may deem appropriate. Options may be granted singularly or in combination with a Stock Award. 

               (a)       Option Period. Each Option agreement entered into on or after the Effective Date shall specify that the
Option granted thereunder is granted for a period of seven (7) years from the date of grant and shall provide that the Option shall expire on such seven-year anniversary.

               (b)       Exercise Price. The Exercise Price per share shall be the Fair Market Value on the date the Option is
granted. 

               (c)       Exercise of Option. Subject to Section 7(e), Options granted under Section 6(a) hereof shall become
exercisable in three equal annual installments beginning 

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on the first anniversary of the date of grant. Options granted under Section 6(c) vest and become exercisable immediately on the date of grant. The exercisability of Options may be limited by restrictions on exercise included in
the Corporation’s securities trading policies or the Corporation’s non-employee director stock ownership guidelines, each as in effect from time to time. 

               (d)       Payment of Exercise Price Upon Exercise. The Exercise Price of the shares as to which an Option shall be
exercised shall be paid to the Corporation at such time as is determined by the Administrator (but in no event later than the date on which any shares are issued on exercise of an Option). The Administrator may authorize in its sole discretion, the
payment of the Exercise Price by (i) cash, (ii) delivering Common Stock of the Corporation already owned by the Participant and having a total Fair Market Value on the date of such delivery equal to the Exercise Price, (iii) delivering a combination
of cash and Common Stock of the Corporation having a total Fair Market Value on the date of such delivery equal to the Exercise Price, or (iv) a net share settlement procedure or through withholding of shares of Common Stock subject to the Option
valued using the Fair Market Value on the date of exercise. 

               (e)       Termination of Service on the Board. In the event a Participant terminates service on the Board for any
reason, all Options previously granted to such Participant may be exercised by the Participant (or, if the Participant is deceased, by his/her representative) at any time, or from time to time, for the remaining term of the Option. 

               (f)       Transferability of Options. No Option and no right arising under any Option shall be transferable other
than by will or by the laws of descent and distribution. During the lifetime of the optionee, an Option shall be exercisable only by him/her. 

               (g)       Participants to Have No Rights as Stockholders. No Participant shall have any rights as a stockholder with
respect to any shares subject to his or her Option prior to the date on which the Participant (or if the shares are held in “street name,” the broker designated by the Participant) is recorded as the holder of such shares on the records of
the Corporation. 

               (h)       Other Option Provisions. The form of Option agreement may contain such other provisions as the Board may,
from time to time, determine. 

               Section 8.       Terms and Conditions of Stock Awards. Each Stock Award shall be evidenced by a written agreement,
in form approved by the Administrator and executed by the Chairman of the Board, President, Vice President of Human Resources or Secretary of the Corporation, which shall be subject to the following express terms and conditions and to such other
terms and conditions as the Administrator may deem appropriate. Stock Awards may be granted singularly or in combination with an Option. 

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               (a)       Dividends and Dividend Equivalents. A grant of Stock Awards may include the right to receive dividends or
dividend equivalent payments which may be paid either currently or credited to a Participant’s account. Any such crediting of dividends or dividend equivalents may be subject to such conditions, restrictions and contingencies as the
Administrator shall establish, including the reinvestment of such credited amounts in Common Stock equivalents. 

               (b)       Payments. Stock Awards may be settled through cash payments, the delivery of shares of Common Stock, the
granting of Stock Awards or Options or combination thereof as the Administrator shall determine. Any Stock Award settlement, including payment deferrals, may be subject to such conditions, restrictions and contingencies as the Administrator shall
determine. The Administrator may permit or require the deferral of any award payment, subject to such rules and procedures as it may establish, which may include provisions for the payment or crediting of interest, or dividend equivalents, including
converting such credits into deferred share equivalents. 

               (c)       Transferability of Stock Awards. Except by will or by the laws of descent and distribution and, if
permitted by the Administrator, as a gift to a family member or a trust or similar entity for the benefit of one or more family members, no Stock Award and no right arising under any Stock Award shall be assignable or transferable. 

               (d)       Participants to Have No Rights as Stockholders. No Participant shall have any rights as a stockholder with
respect to any shares subject to his or her Stock Award prior to the date on which the Participant (or if the shares are held in “street name,” the broker designated by the Participant) is recorded as the holder of such shares on the
records of the Corporation. 

               (e)       Other Stock Award Provisions. The form of Stock Award agreement authorized by the Plan may contain such
other provisions as the Administrator may, from time to time, determine. 

               Section 9.     Adjustments in Event of Change in Common Stock. In the event of any change in the Common Stock by
reason of any stock split, reverse stock split, stock dividend recapitalization, reorganization, merger, consolidation, split-up, combination or exchange of shares, or of any similar change affecting the Common Stock, the number and kind of shares
which thereafter may be optioned, awarded and sold under the Plan and the number and kind of shares subject to Stock Awards under outstanding Stock Award agreements or subject to Options under outstanding Option agreements and the Exercise Price per
share of such Options shall be appropriately adjusted consistent with such change in such manner as the Administrator may deem equitable to prevent substantial dilution or enlargement of the right granted to, or available for, Participants in the
Plan; provided, however, that no such adjustment shall be required if the Administrator determines that such action could cause an Option to fail to satisfy the conditions of an applicable
exception from the requirements of 

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Section 409A (as defined below) or otherwise could subject a Participant to any interest or additional tax imposed under Section 409A in respect of an outstanding award. 

               Section 10.     Listing and Qualification of Shares. The Plan, the grant of Stock Awards, the grant and exercise
of Options thereunder, and the obligation of the Corporation to sell and deliver shares under such Stock Awards and Options, shall be subject to all applicable federal and state laws, rules and regulations and to such approvals by any government or
regulatory agency as may be required. The Corporation, in its discretion, may postpone the issuance or delivery of shares upon any grant of a Stock Award or exercise of an Option until
completion of any stock exchange listing, or other qualification of such shares under any state or federal law, rule or regulation as the Corporation may consider appropriate, and may require any Participant, beneficiary or legal representative to
make such representations and furnish such information as it may consider appropriate in connection with the issuance or delivery of the shares in compliance with applicable laws, rules and regulations. 

               Section 11.       Taxes.

               (a)       Tax Withholding. The Corporation may make such provisions and take such steps as it may deem necessary or appropriate for the withholding
of all federal, state, local and other taxes required by law to be withheld with respect to Options and Stock Awards including, but not limited to (a) reducing the number of shares of Common Stock otherwise deliverable to permit deduction of the
amount of any such withholding taxes from the amount otherwise payable under the Plan, (b) deducting the amount of any such withholding taxes from any other amount then or thereafter payable to a Participant (but only to the extent that such
deduction would not subject the Participant to any interest or additional tax imposed under Section 409A), or (c) requiring a Participant, beneficiary or legal representative to pay in cash to the Corporation the amount required to be withheld or to
execute such documents as the Corporation deems necessary or desirable to enable it to satisfy its withholding obligations as a condition of releasing the Common Stock.

               (b)       Section 409A. The Plan is intended and shall be construed to comply with Section 409A of the Code,
including any amendments or successor provisions to that Section and any regulations and other administrative guidance thereunder, in each case as they, from time to time, may be amended or interpreted through further administrative guidance
(collectively, “Section 409A”). In this regard, and without limiting the previous sentence, any election made with respect to Sections 6(a), 6(c) and 8(b) shall be conformed to the requirements of Section 409A to the extent applicable.

               Section 12.     No Liability of Board Members. No member of the Board shall be personally liable by reason of any
contract or other instrument executed by such member or on his/her behalf in his/her capacity as a member of the Board or the Administrator nor for any mistake of judgment made in good faith, and the Corporation 

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shall indemnify and hold harmless to the fullest extent permitted by the Corporation’s Restated Certificate of Incorporation and By-Laws and Delaware General Corporation Law, each employee, officer or director of the
Corporation to whom any duty or power relating to the administration or interpretation of the Plan may be allocated or delegated, against any cost or expense (including counsel fees) or liability (including any sum paid in settlement of a claim with
the approval of the Board) arising out of any act or omission to act in connection with the Plan. 

               Section 13.       Amendment or Termination. The Board may, with prospective or retroactive effect, amend, suspend or
terminate the Plan or any portion thereof at any time; provided, however, that no amendment, suspension or termination of the Plan
shall deprive any Participant of any right with respect to any Stock Award or Option without his/her written consent; and provided, further, that unless duly approved by the holders of stock
entitled to vote thereon at a meeting (which may be the annual meeting) duly called and held for such purpose, except as provided in Section 9, no amendment or change shall be made in the Plan (i) increasing the total number of shares which may be
issued or transferred under the Plan; (ii) changing the exercise price specified for the shares subject to Options; (iii) changing the maximum period during which Options may be exercised; (iv) extending the period during which Options or Stock
Awards may be granted under the Plan; or (v) expanding the class of individuals eligible to receive Stock Awards or Options under the Plan. Notwithstanding the foregoing, the consent of a Participant shall not be required for any action taken by the
Administrator (x) to settle or adjust an outstanding award pursuant to Section 9 or (y) to modify an outstanding award to avoid, in the reasonable, good faith judgment of the Corporation, the imposition on the Participant of any interest or
additional tax under Section 409A. 

               Section 14.       Captions. The captions preceding the sections of the Plan have been inserted solely as a matter of
convenience and shall not in any manner define or limit the scope or intent of any provisions of the Plan. 

               Section 15.     Governing Law. The Plan and all rights thereunder shall be governed by and construed in accordance
with the laws of the State of New Jersey applicable to contracts made and to be performed entirely within such State (without reference to its principles of conflicts of law). 

               Section 16.     No Fractional Shares. No fractional shares shall be issued or delivered pursuant to the Plan or
any Option or Stock Award, and the Administrator shall determine whether any fractional share shall be rounded up or rounded down to the nearest whole share, whether cash shall be paid or transferred in lieu of any fractional shares, or whether such
fractional shares or any rights thereto shall be cancelled.

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               Section 17.       Effective Date and Duration of Plan. The Plan became effective as of the Effective Date. This Plan
shall terminate on the tenth anniversary of the Effective Date, and no Stock Awards or Option may be granted after such date, but such termination shall not affect any Stock Award or Option previously granted. 

 

 

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