Document:

EX-10.2

Exhibit 10.2

NONQUALIFIED STOCK OPTION AGREEMENT

THIS AGREEMENT is entered into as of      , 20     , by and between New Horizons
Worldwide, Inc., a Delaware corporation (the “Company”), and      (the “Optionee”).

WITNESSETH:

WHEREAS, the Company maintains the New Horizons Worldwide, Inc. Omnibus Equity Plan (the
“Plan”) for the benefit of eligible participants therein; and

WHEREAS, the Committee is currently charged with administering the Plan; and

WHEREAS, the Committee has determined that the Optionee, as a person eligible to receive
awards under the Plan, should be granted nonqualified stock options to acquire Shares under the
Plan upon the terms and conditions set forth in this Agreement.

NOW, THEREFORE, the Company and the Optionee hereby agree as follows:

1. Definitions.

(a) The following terms shall have the meanings set forth below whenever used in this
instrument:

(i) The word “Act” shall mean the federal Securities Act of 1933, as amended.

(ii) The word “Agreement” shall mean this instrument as originally executed and as it may
later be amended.

(iii) The word “Company” shall mean New Horizons Worldwide, Inc., a Delaware corporation, and
any successor thereto which shall maintain the Plan.

(iv) The word “Disability” or “Disabled” shall mean the Optionee’s inability, due to a mental
or physical condition, to perform services for the Company and/or an Affiliate substantially
consistent with past practice, as determined by the Committee pursuant to written certification of
such condition from a physician acceptable to the Committee.

(v) The word “Employee” shall mean any person who is an employee of either the Company or any
Affiliate.

(vi) The words “Fair Market Value” means, in respect of a Share, its fair market value as
determined in the reasonable judgment of the Committee at any time.

(vii) The word “Option” shall mean the right and option to purchase Shares pursuant to the
terms of this Agreement.

(viii) The words “Option Exercise Date” shall mean the date the Optionee exercises the Option
by performing the acts described in Section 7 hereof.

(ix) The word “Optionee” shall mean the person to whom the Option has been granted pursuant to
this Agreement.

(x) The words “Personal Representative” shall mean, following the Optionee’s death, the person
who shall have acquired, by will or by the laws of descent and distribution, the right to exercise
the Option.

(xi) The word “Plan” shall mean the New Horizons Worldwide, Inc. Omnibus Equity Plan, as it
was originally adopted and as it may later be amended.

(xii) The word “Spread” shall mean, as of the Option Exercise Dare, an amount equal to the
excess, if any, of the Fair Market Value of a Share in respect of which the Option is exercised
over the Option Exercise Price.

(xiii) The word “Transferee” shall mean the person or entity to whom rights to acquire Shares
pursuant to the exercise of the Option shall have been transferred pursuant to Section 11 hereof.

(b) The following terms when used in the Agreement shall have the meanings given them in the
Plan: “Affiliate;” “Board;” “Change in Control;” “Code;” “Committee;” “Consent;” “Family Members;”
“Option Exercise Price;” “Shares.”

2. Grant of Nonqualified Option. Effective as of the date of this Agreement, the
Company grants to the Optionee, upon the terms and conditions set forth hereinafter, the right and
option to purchase all or any lesser whole number of an aggregate of      Shares at an Option
Exercise Price of $    per Share. The Option shall for all purposes be a nonqualified stock
option subject to the federal income tax treatment described in Section 1.83-7 of the Federal
Income Tax Regulations. Both the Company and the Optionee shall, on their respective federal
income tax returns, report any transaction relating to the Option in a manner consistent with the
preceding sentence.

3. Term of Option. Except as otherwise provided herein, the term of the Option shall
be for a period of ten (10) years from the date hereof, and the Option shall expire at the close of
regular business hours at the Company’s principal executive office (currently located at 1900 S.
State College Blvd., Suite 650, Anaheim, California 92806) on the last day of the term of the
Option, or, if earlier, on the applicable expiration date provided for in Sections 5, 6 and 7
hereof.

4. Exercise Dates. Except as otherwise provided herein, the Optionee shall be
entitled to exercise the Option with respect to the number of Shares indicated below on or after
the date indicated opposite such number below:

	 	 	 	 	 
	Initial and Additional

Number of Shares with

Respect to Which the

Option May be Exercised

	 	Total Shares with

Respect to Which

the Option May

be Exercised
	 	

Date Beginning

on Which Option

May be Exercised
	 

	 	 
	 	 

Except as provided in Sections 5 and 6 hereof, the Option may not be exercised at any time unless
the Optionee shall be an Employee at such time.

5. Termination of Employment, Etc. So long as the Optionee shall continue to be an
Employee, the Option shall not be affected by (a) any temporary leave of absence approved in
writing by the Company or an Affiliate, or (b) any change of duties or position (including transfer
to or from an Affiliate). If the Optionee ceases to be an Employee for any reason other than death
or Disability, the Option may be exercised only to the extent of the purchase rights, if any,
which, pursuant to Section 4 hereof, existed as of the date the Optionee ceases to be an Employee
and which have not theretofore been exercised; provided, however, that the Committee may in
its absolute discretion determine (but shall not be under any obligation to determine) that such
purchase rights shall be deemed to include additional Shares which are subject to the Option.
Except as provided in Section 6 below, upon an Optionee’s ceasing to be an Employee, such purchase
rights shall in any event terminate upon the earlier of either (a) three (3) months after the date
the Optionee ceased to be an Employee (one (1) year after the date the Optionee ceased to be an
Employee if the Optionee dies or becomes Disabled within three (3) months after ceasing to be an
Employee), or (b) the last day of the term of the Option. Notwithstanding the preceding provisions
of this Section 5, unless the Committee shall otherwise determine, upon (a) the Optionee’s ceasing
to be an Employee by reason of an involuntary termination of such status for good cause, as
determined by the Committee, or (b) the Optionee’s voluntary termination with the intention of
rendering services to a competitor of the Company or any Affiliate or otherwise entering into
competition with the Company or any Affiliate directly or indirectly, or (c) the commission by the
Optionee of a material breach of his obligations under any agreement with the Company or any
Affiliate, the Optionee’s right to purchase Shares pursuant to the exercise of the Option shall
terminate.

6. Optionee’s Death or Disability. If, while the Optionee is an Employee, the
Optionee dies or becomes Disabled, the Optionee or the Optionee’s Personal Representative may
immediately exercise the Option with respect to all of the Shares subject to the Option regardless
of whether the Optionee had the right under Section 4 hereof to exercise the Option at the time of
his death or Disability. The Option shall in any event terminate upon the earlier of either (a)
the first anniversary of the date the Optionee ceased to be an Employee; or (b) the last day of the
term of the Option.

7. Change in Control. Notwithstanding the provisions of Section 4 hereof, in
connection with a Change in Control, the Optionee shall have the immediate and nonforfeitable right
to exercise the Option with respect to all Shares covered by the Option. The Optionee shall be
entitled to exercise the Option as provided in the immediately preceding sentence regardless of
whether the surviving corporation in any merger or consolidation shall adopt and maintain the Plan.
In the event the Option becomes exercisable pursuant to this Section 7, the Company shall notify
the Optionee of his right to exercise the Option. Upon a Change in Control described in Section
1.6(b)(iii) of the Plan, the Option, to the extent not exercised, shall terminate unless the
surviving corporation assumes the Option. In the event of a Change in Control described in Section
1.6(b)(iv) of the Plan, the Option, to the extent not exercised, shall terminate upon consummation
of the Change in Control.

8. Adjustment Upon Changes in Capitalization. The number of Shares which may be
purchased upon exercise of an Option and the Option Exercise Price shall be appropriately adjusted
as the Committee may determine for any change after the date of the Agreement in the number of
issued Shares resulting from the subdivision or combination of Shares or other capital adjustments,
or the payment of a stock dividend, or other change in the Shares effected without receipt of
consideration by the Company; provided, that any fractional Shares resulting from any such
adjustment shall be eliminated. Adjustments under this Section 8 shall be made by the Committee,
whose determination as to the adjustments to be made, and the extent thereof, shall be final,
binding and conclusive.

9. Exercise of Option. The Option may be exercised by delivering to the Chairman,
Vice Chairman, President or Chief Financial Officer of the Company at the then principal office
address of the recipient officer, a completed Notice of Exercise of Option (obtainable from the
Chief Financial Officer of the Company) setting forth the number of Shares with respect to which
the Option is being exercised. Such Notice shall be accompanied by payment in full for the Shares,
unless other arrangements satisfactory to the Committee for prompt payment of such amount are made.
Payment of the Option Exercise Price may be made in any manner permitted by the Plan, subject to
the consent of the Committee as applicable. With the consent of the Committee, the Optionee may
effect a cashless exercise of the Option as described in the Plan. With the consent of the
Committee in its sole discretion, payment for Shares acquired upon exercise of the Option may be
made by delivery to the Company of an assignment of a sufficient amount of the proceeds from the
sale of Shares acquired upon exercise of the Option to pay for all or some of the Shares acquired
upon exercise of the Option and an authorization to the broker or selling agent to pay that amount
to the Company, which sale shall be made at the Optionee’s direction on the Option Exercise Date;
provided, that the Committee may require the Optionee to furnish an opinion of counsel
acceptable to the Committee to the effect that such delivery would not result in the Optionee
incurring any liability under Section 16 of the Act and does not require any Consent.

10. Issuance of Share Certificates. Subject to the last sentence of this Section 10,
upon receipt by the Company prior to expiration of the Option of a duly completed Notice of
Exercise of Option accompanied by payment for the Shares being purchased pursuant to such Notice
(and, with respect to any Option exercised pursuant to Section 11 hereof by someone other than the
Optionee, accompanied in addition by proof satisfactory to the Committee of the right of such
person to exercise the Option), the Company shall deliver to the Optionee, within thirty (30) days
of such receipt, a certificate for the number of Shares so purchased. The Optionee shall not have
any of the rights of a stockholder with respect to the Shares which are subject to the Option
unless and until a certificate representing such Shares is issued to the Optionee. The Company
shall not be required to issue any certificates for Shares upon the exercise of the Option prior to
(i) obtaining any Consents which the Committee shall, in its sole discretion, determine to be
necessary or advisable, or (ii) the determination by the Committee, in its sole discretion, that no
Consents need be obtained.

11. Successors in Interest, Etc. This Agreement shall be binding upon and inure to
the benefit of any successor of the Company and the heirs, estate, and Personal Representative of
the Optionee. A deceased Optionee’s Personal Representative shall act in the place and stead of the
deceased Optionee with respect to exercising an Option or taking any other action pursuant to this
Agreement. The Option shall not be transferable other than by will or the laws of descent and
distribution, and the Option may be exercised during the lifetime of the Optionee only by the
Optionee; provided, that a guardian or other legal representative who has been duly
appointed for such Optionee may exercise the Option on behalf of the Optionee. Notwithstanding the
preceding sentence, with the consent of the Committee in its sole discretion, the Optionee may
transfer the rights under the Option in respect of some or all of the Shares which are subject to
the Option to a Family Member or a trust for the exclusive benefit of the Optionee and/or Family
Members, or a partnership or other entity affiliated with the Optionee that may be approved by the
Committee. All terms and conditions of any Option, including provisions relating to the
termination of the Optionee’s employment with the Company and its Affiliates, shall continue to
apply following a transfer made in accordance with this Section 11 and the Transferee shall have no
greater right to exercise the Option than the Optionee would have in the absence of the transfer.
The Option may be exercised by the Transferee only in accordance with the terms of this Agreement
and the Transferee’s exercise of the Option shall be subject to the Transferee and/or the Optionee
satisfying all of the conditions relating to the exercise of the Option including, without
limitation, provisions concerning payment of the Option Exercise Price and tax withholding.

12. Provisions of Plan Control. This Agreement is subject to all of the terms,
conditions, and provisions of the Plan and to such rules, regulations, and interpretations relating
to the Plan as may be adopted by the Committee and as may be in effect from time to time. In the
event and to the extent that this Agreement conflicts or is inconsistent with the terms,
conditions, and provisions of the Plan, the Plan shall control, and this Agreement shall be deemed
to be modified accordingly.

13. No Liability Upon Distribution of Shares. The liability of the Company under this
Agreement and any distribution of Shares made hereunder is limited to the obligations set forth
herein with respect to such distribution and no term or provision of this Agreement shall be
construed to impose any liability on the Company or the Committee in favor of any person with
respect to any loss, cost or expense which the person may incur in connection with or arising out
of any transaction in connection with this Agreement.

14. No Right to Be Employed, Etc. Nothing in this Agreement shall confer upon the
Optionee any right to continue as an Employee, or to serve as a member of the Board, or to
interfere with or limit either the right of the Company or an Affiliate to terminate his employment
at any time or the right of the stockholders of the Company to remove him as a member of the Board
for any reason or with no reason.

15. Resale Limitations. The Optionee acknowledges and agrees that (a) the Shares he
may acquire upon exercise of the Option may not be transferred unless they become registered under
the Act or unless the holder thereof establishes to the satisfaction of the Company that an
exemption from such registration is available, (b) the Company will have no obligation to provide
any such registration or take such steps as are necessary to permit sale of such Shares without
registration pursuant to Rule 144 under the Act or otherwise, (c) at such time as such Shares may
be disposed of in routine sales without registration in reliance on Rule 144 under the Act, such
disposition may be made only in limited amounts in accordance with all of the terms and conditions
of Rule 144 and (d) if the Rule 144 exemption is not available, compliance with some other
exemption from registration will be required.

16. Withholding Taxes.

(a) Whenever Shares are to be delivered pursuant to the exercise of the Option, the Committee
may require as a condition of delivery that the Optionee remit an amount sufficient to satisfy all
federal, state and other governmental withholding tax requirements related thereto. The Company
may, as a condition of the exercise of the Option, deduct from any salary or other payments due to
the Optionee, an amount sufficient to satisfy all federal, state and other governmental withholding
tax requirements related thereto or to the delivery of any Shares under the Plan.

(b) With the consent of the Committee in its sole discretion, (i) the Optionee may satisfy all
or part of any withholding requirements by delivery of unrestricted Shares owned by the Optionee
for at least one year (or such other period as the Committee may determine) having a Fair Market
Value (determined as of the date of such delivery) equal to all or part of the amount to be
withheld; provided, that the Committee may require the Optionee to furnish an opinion of
counsel or other evidence acceptable to the Committee to the effect that such delivery would not
result in the Optionee incurring any liability under Section 16 of the Act and does not require any
Consent and/or (ii) the Optionee may direct that Shares to be issued pursuant to the exercise of
the Option be used to satisfy any withholding obligation; provided, that for purposes of
satisfying any such obligation the value of a Share shall be equal to the Spread.

17. Construction. The captions and section numbers appearing in this Agreement are
inserted only as a matter of convenience. They do not define, limit, construe or describe the
scope or intent of the provisions of this Agreement. The use of the singular or plural herein
shall not be restrictive as to number and shall be interpreted in all cases as the context shall
require. The use of the feminine, masculine or neuter pronoun shall not be restrictive as to
gender and shall be interpreted in all cases as the context may require.

18. Time Periods, Etc. Any action required to be taken under this Agreement within a
certain number of days shall be taken within that number of calendar days; provided,
however, that if the last day for taking such action falls on a weekend or a holiday, the period
during such action may be taken shall be automatically extended to the next business day. If the
day for taking any action, or on which any action may be taken, under this Agreement falls on a
weekend or a holiday, such action may be taken on the next business day.

19. Governing Law. This Agreement shall be governed by and construed in accordance
with the laws of the State of Delaware and any applicable federal law.

20. Notices. Except as otherwise expressly provided herein, all notices hereunder
shall be in writing and delivered or mailed by registered or certified mail, return receipt
requested, or by private, overnight delivery services (such as Federal Express) as follows:

If to the Company:

New Horizons Worldwide, Inc.

1900 S. State College Blvd.

Suite 650

Anaheim, California 92806

Attention: Chief Financial Officer

If to the Optionee:

Last address set forth on the records

of the Company or its Affiliates

or at such other address as either party may hereafter designate by giving notice to the other
party as set forth above.

21. Further Assurances. From time to time after the exercise of an Option, either
party, upon request of the other and without further consideration, shall execute and deliver to
the requesting party any document or instrument, and shall take any other action as may be
reasonably requested, to give effect to the exercise of the Option and the terms of this Agreement.

IN WITNESS WHEREOF, the Company has caused this Agreement to be executed on its behalf by its
duly authorized officer, and the Optionee has hereunto set his hand, all as of the day and year
first above written.

NEW HORIZONS WORLDWIDE, INC.

(the “Company”)

By:

(the “Optionee”)EX-10.1

Exhibit 10.1

Amendment to the PepsiCo, Inc. 2003 Long-Term Incentive Plan

(effective February 2, 2007)

The following text shall replace in its entirety the current text of Section 11 in the PepsiCo,
Inc. 2003 Long-Term Incentive Plan:

11. Change in Control.

(a) Impact on Awards Granted Prior to February 2, 2007. Upon a Change in Control,
the following shall apply with respect to Awards granted under the Plan prior to February 2, 2007:

(i) Options. Effective on the date of such Change in Control, all outstanding and
unvested Options granted under the Plan shall immediately vest and become exercisable, and all
Options then outstanding under the Plan shall remain outstanding in accordance with their terms.
Notwithstanding anything to the contrary in this Plan, in the event that any Option granted under
the Plan becomes unexercisable during its term on or after a Change in Control because: (i) the
individual who holds such Option is involuntarily terminated (other than for cause) within two (2)
years after the Change in Control; (ii) such Option is terminated or adversely modified; or (iii)
Common Stock is no longer issued and outstanding, or no longer traded on a national securities
exchange, then the holder of such Option shall immediately be entitled to receive a lump sum cash
payment equal to (A) the gain on such Option or (B) only if greater than the gain and only with
respect to NQSOs the Black-Scholes value of such Option (as determined by a nationally recognized
independent investment banker chosen by PepsiCo), in either case calculated on the date such
Option becomes unexercisable. For purposes of the preceding sentence, the gain on an Option shall
be calculated as the difference between the closing price per share of Common Stock as of the date
such Option becomes unexercisable less the Option Exercise Price.

(ii) Stock Appreciation Rights. Effective on the date of such Change in Control, all
outstanding and unvested SARs granted under the Plan shall immediately vest and become
exercisable, and all SARs then outstanding under the Plan shall remain outstanding in accordance
with their terms. In the event that any SAR granted under the Plan becomes unexercisable during
its term on or after a Change in Control because: (i) the individual who holds such SAR is
involuntarily terminated (other than for cause) within two (2) years after the Change in Control;
(ii) such SAR is terminated or adversely modified; or (iii) Common Stock is no longer issued and
outstanding, or no longer traded on a national securities exchange, then the holder of such SAR
shall immediately be entitled to receive a lump sum cash payment equal to the gain on such SAR.
For purposes of the preceding sentence, the gain on a SAR shall be calculated as the difference
between the closing price per share of Common Stock as of the date such SAR becomes unexercisable
and the purchase price per share of Common Stock covered by the SAR.

(iii) Restricted Shares/Restricted Share Units. Upon a Change of Control all
Restricted Shares and Restricted Share Units shall immediately vest and be distributed to
Participants, effective as of the date of the Change of Control.

(iv) Performance Awards. Each Performance Award granted under the Plan that is
outstanding on the date of the Change in Control shall immediately vest and the holder of such
Performance Award shall be entitled to a lump sum cash payment equal to the amount of such
Performance Award payable at the end of the Performance Period as if 100% of the Performance Goals
have been achieved.

(b) Impact on Awards Granted on or After February 2, 2007. Upon a Change in Control,
the following shall apply with respect to Awards granted under the Plan on or after February 2,
2007:

(i) If and to the extent that outstanding Awards under the Plan (A) are assumed by the
successor corporation (or affiliate thereto) or (B) are replaced with equity awards that preserve
the existing value of the Awards at the time of the Change in Control and provide for subsequent
payout in accordance with a vesting schedule and Performance Goals, as applicable, that are the
same or more favorable to the Participants than the vesting schedule and Performance Goals
applicable to the Awards, then all such Awards or such substitutes thereof shall remain
outstanding and be governed by their respective terms and the provision of the Plan subject to
Section 11(b)(iv) below.

(ii) If and to the extent that outstanding Awards under the Plan are not assumed or replaced
in accordance with Section 11(b)(i) above, then upon the Change in Control the following treatment
(referred to as “Change-in-Control Treatment”) shall apply to such Awards: (A) outstanding Options
and SARs shall immediately vest and become exercisable; (B) the restrictions and other conditions
applicable to outstanding Restricted Shares, Restricted Share Units and Stock Awards, including
vesting requirements, shall immediately lapse; such Awards shall be free of all restrictions and
fully vested; and, with respect to Restricted Share Units, shall be payable immediately in
accordance with their terms or, if later, as of the earliest permissible date under Code Section
409A; and (C) outstanding Performance Awards granted under the Plan shall immediately vest and
shall become immediately payable in accordance with their terms as if 100% of the Performance
Goals have been achieved.

(iii) If and to the extent that outstanding Awards under the Plan are not assumed or replaced
in accordance with Section 11(b)(i) above, then in connection with the application of the
Change-in-Control Treatment set forth in Section 11(b)(ii) above, the Board may, in its sole
discretion, provide for cancellation of such outstanding Awards at the time of the Change in
Control in which case a payment of cash, property or a combination thereof shall be made to each
such Participant upon the consummation of the Change in Control that is determined by the Board in
its sole discretion and that is at least equal to the excess (if any) of the value of the
consideration that would be received in such Change in Control by the holders of PepsiCo’s
securities relating to such Awards over the exercise or purchase price (if any) for such Awards.

(iv) If and to the extent that (A) outstanding Awards are assumed or replaced in accordance
with Section 11(b)(i) above and (B) a Participant’s employment with, or performance of services
for, the Company is terminated by the Company for any reasons other than Cause or by such
Participant for Good Reason, in each case, within the two-year period commencing on the Change in
Control, then, as of the date of such Participant’s termination, the Change-in-Control Treatment
set forth in Section 11(b)(ii) above shall apply to all assumed or replaced Awards of such
Participant then outstanding.

(v) Outstanding Options or SARs that are assumed or replaced in accordance with Section
11(b)(i) may be exercised by the Participant in accordance with the applicable terms and
conditions of such Award as set forth in the applicable award agreement or elsewhere; provided,
however, that Options or SARs that become exercisable in accordance with Section 11(b)(iv) may be
exercised until the expiration of the original full term of such Option or SAR notwithstanding the
other original terms and conditions of such Award.

(c) Timing of Payment. Any amount required to be paid pursuant to this Section 11
shall be paid as soon as practical after the date such amount becomes payable.

(d) Definition of Change in Control. “Change in Control” means the occurrence of any
of the following events: (i) acquisition of 20% or more of the outstanding voting securities of
PepsiCo, Inc. by another entity or group; excluding, however, the following (A) any acquisition by
PepsiCo, Inc., or (B) any acquisition by an employee benefit plan or related trust sponsored or
maintained by PepsiCo, Inc.; (ii) during any consecutive two-year period, persons who constitute
the Board of Directors of PepsiCo, Inc. (the “Board”) at the beginning of the period cease to
constitute at least 50% of the Board (unless the election of each new Board member was approved by
a majority of directors who began the two-year period); (iii) PepsiCo, Inc. shareholders approve a
merger or consolidation of PepsiCo, Inc. with another company, and PepsiCo, Inc. is not the
surviving company; or, if after such transaction, the other entity owns, directly or indirectly,
50% or more of the outstanding voting securities of PepsiCo, Inc.; (iv) PepsiCo, Inc. shareholders
approve a plan of complete liquidation of PepsiCo, Inc. or the sale or disposition of all or
substantially all of PepsiCo, Inc.’s assets; or (v) any other event, circumstance, offer or
proposal occurs or is made, which is intended to effect a change in the control of PepsiCo, Inc.,
and which results in the occurrence of one or more of the events set forth in clauses (i) through
(iv) of this paragraph.

(e) Definition of Cause. For purposes of this Section 11, “Cause” means with
respect to any Participant, unless otherwise provided in the applicable award agreement, (i) the
Participant’s willful misconduct that materially injures the Company; (ii) the Participant’s
conviction of a felony or a plea of nolo contendere by Participant with respect to a felony; or
(iii) the Participant’s continued failure to substantially perform his or her duties with the
Company (other than by reason of the Participant’s disability) after written demand by the Company
that identifies the manner in which the Company believes that the Participant has not performed
his or her duties. A termination for Cause must be communicated to the Participant by written
notice that specifies the event or events claimed to provide a basis for termination for Cause.

(f) Definition of Good Reason. For purposes of this Section 11, “Good Reason” means
with respect to any Participant, unless otherwise provided in the applicable award agreement,
without the Participant’s written consent, (i) the Company’s requiring the Participant’s principal
place of employment to be based at any location in excess of thirty-five (35) miles from his or her
primary place of employment as it existed immediately prior to the Change in Control except for
reasonably required travel on the Company’s business that is not greater than such travel
requirements prior to the Change in Control; (ii) a reduction in the Participant’s base salary or
wage rate or target annual or long-term cash incentive opportunities as in effect immediately prior
to the Change in Control (other than an isolated, insubstantial and inadvertent failure that is
promptly remedied by the Company upon notice from the Participant) or failure to provide
compensation and benefits that are substantially similar in the aggregate to those provided for by
the Company immediately prior to the Change in Control; or (iii) a material reduction in the
Participant’s job responsibilities, position or duties with the Company as in effect immediately
prior to the Change in Control. A termination for Good Reason must be communicated to the Company
by written notice that specifies the event or events claimed to provide a basis for termination for
Good Reason; provided that the Participant’s written notice must be tendered within ninety (90)
days of the occurrence of such event or events.

(g) Exclusive Rights. The rights provided by this Section are the exclusive rights
that are available with respect to any Award in the event of a Change in Control.

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